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Cold shoulder: Why Beijing is freezing Nvidia’s access to the Chinese market

Cold shoulder: Why Beijing is freezing Nvidia’s access to the Chinese market

Finance News

The Nvidia logo appears on a smartphone reflecting the flags of China and the U.S. Nurphoto | Nurphoto | Getty Images Beijing has reportedly halted purchases of yet another AI chip from Nvidia, freezing it out of the market completely — a move industry experts say reflects the country’s growing confidence in domestic chip makers […]

Cold shoulder: Why Beijing is freezing Nvidia’s access to the Chinese market Read More »

Mark Zuckerberg unveils 9 Meta Ray-Ban Display glasses

Mark Zuckerberg unveils $799 Meta Ray-Ban Display glasses

Finance News

At the Meta Connect developer conference, Mark Zuckerberg, head of the Facebook group Meta, shows the prototype of computer glasses that can display digital objects in transparent lenses. Andrej Sokolow | Picture Alliance | Getty Images Mark Zuckerberg on Wednesday unveiled the $799 Meta Ray-Ban Display glasses, the social media company’s first consumer-ready smart glasses

Mark Zuckerberg unveils $799 Meta Ray-Ban Display glasses Read More »

AI startup Nscale came out of nowhere and is blowing away Nvidia CEO Jensen Huang

AI startup Nscale came out of nowhere and is blowing away Nvidia CEO Jensen Huang

Finance News

Nscale, the UK-headquartered AI infrastructure provider. Courtesy: Nscale Two years ago, Nscale was a brand new startup in the U.K. that had yet to raise any outside funding or officially announce its existence. Last year the London-based company came out of stealth, and in December announced that it had raised its Series A fundraising, totaling

AI startup Nscale came out of nowhere and is blowing away Nvidia CEO Jensen Huang Read More »

StubHub’s stock opens at .35 in NYSE debut after ticket seller’s long-awaited IPO

StubHub’s stock opens at $25.35 in NYSE debut after ticket seller’s long-awaited IPO

Finance News

Eric Baker, co-founder and CEO of Ticket reseller StubHub, rings the opening bell during his company’s IPO at the New York Stock Exchange in New York City, U.S., September 17, 2025. Brendan McDermid | Reuters StubHub shares opened at $25.35 in their New York Stock Exchange debut on Wednesday after the online ticket seller priced

StubHub’s stock opens at $25.35 in NYSE debut after ticket seller’s long-awaited IPO Read More »

StubHub CEO says recent change to all-in ticket prices will dent revenue

StubHub CEO says recent change to all-in ticket prices will dent revenue

Finance News

StubHub CEO Eric Baker said Wednesday that recently introduced federal regulations around transparent ticket pricing will cause a “one-time” hit to its financial results. Revenue is expected to dip year over year as consumers digest the new rules, Baker told CNBC, which require online ticket sellers to prominently show the total cost upfront. “We’ve seen

StubHub CEO says recent change to all-in ticket prices will dent revenue Read More »

Workday stock climbs as activist investor Elliott takes billion stake

Workday stock climbs as activist investor Elliott takes $2 billion stake

Finance News

Shares of Workday popped 9% on Wednesday after activist investor Elliott Investment Management announced a $2 billion stake in the company. Workday announced a multi-year plan to enhance its operating model and capital allocation framework on Tuesday, and Elliott said it believes the plan will drive “substantial long-term value creation.” “We believe CEO Carl Eschenbach, CFO Zane Rowe and the

Workday stock climbs as activist investor Elliott takes $2 billion stake Read More »

Nvidia CEO says he’s ‘disappointed’ after report China has banned its AI chips

Nvidia CEO says he’s ‘disappointed’ after report China has banned its AI chips

Finance News

Nvidia CEO Jensen Huang holds a Blackwell GeForce RTX 50 Series GPU (L) and a RTX 5000 laptop as he delivers a keynote address at the Consumer Electronics Show (CES) in Las Vegas, Nevada on January 6, 2025.  Patrick T. Fallon | Afp | Getty Images LONDON — Nvidia CEO Jensen Huang has weighed in

Nvidia CEO says he’s ‘disappointed’ after report China has banned its AI chips Read More »

Alibaba’s shares jump after it lands a major customer for its AI chips

Alibaba’s shares jump after it lands a major customer for its AI chips

Finance News

The Alibaba office building in Nanjing, Jiangsu province, China, on Aug. 28, 2024. CFOTO | Future Publishing | Getty Images Alibaba shares rose on Wednesday after Chinese state media reported that the e-commerce giant secured a major customer for its artificial intelligence chips. China Unicom will deploy Alibaba’s AI accelerators from its semiconductor unit called

Alibaba’s shares jump after it lands a major customer for its AI chips Read More »

China’s Baidu sees shares soar 12% as company secures major AI partnership, eyes fresh capital

China’s Baidu sees shares soar 12% as company secures major AI partnership, eyes fresh capital

Finance News

Baidu has launched a slew of AI applications after its Ernie chatbot received public approval. Sopa Images | Lightrocket | Getty Images Chinese tech giant Baidu saw its shares in Hong Kong soar as much as 12% on Wednesday as the company ramps up its artificial intelligence plans and partnerships.  Shares in the Beijing-based firm,

China’s Baidu sees shares soar 12% as company secures major AI partnership, eyes fresh capital Read More »

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