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Finance News

Startups and founders could be hardest hit by 0,000 H-1B visas

Startups and founders could be hardest hit by $100,000 H-1B visas

Finance News

U.S. President Donald Trump’s plans to place $100,000 fees on H-1B visa applications will disproportionately harm America’s startup space, founders and venture capitalists told CNBC this week. H-1B visas — which allow companies to temporarily hire foreign workers in skilled occupations such as IT, healthcare and engineering — were already difficult to secure for U.S. startups, […]

Startups and founders could be hardest hit by $100,000 H-1B visas Read More »

Nvidia and OpenAI’s 0-billion deal sparks global chip stock rally

Nvidia and OpenAI’s $100-billion deal sparks global chip stock rally

Finance News

Nurphoto | Nurphoto | Getty Images Major global semiconductor stocks rose on Tuesday after Nvidia announced plans to invest $100 billion in OpenAI. The deal between Nvidia and OpenAI is on a large scale. OpenAI plans to build and deploy Nvidia systems that require 10 gigawatts of power, which is equivalent to 4 million and 5

Nvidia and OpenAI’s $100-billion deal sparks global chip stock rally Read More »

India is betting billion to build a chip powerhouse. Here’s what it means

India is betting $18 billion to build a chip powerhouse. Here’s what it means

Finance News

A robotic machine manufactures a semiconductor chip at a stall to show investors during The Advantage Assam 2.0 Investment Summit in Guwahati, India, on Feb. 25, 2025. Nurphoto | Nurphoto | Getty Images India wants to become a global chip major, but the odds are steep: competition is fierce, and India is a late entrant

India is betting $18 billion to build a chip powerhouse. Here’s what it means Read More »

Nvidia plans to invest up to 0 billion in OpenAI as part of data center buildout

Nvidia plans to invest up to $100 billion in OpenAI as part of data center buildout

Finance News

Nvidia will invest $100 billion in OpenAI as the artificial intelligence lab sets out to build hundreds of billions of Dollars in data centers based around the chipmaker’s AI processors, the companies said on Monday. OpenAI plans to build and deploy Nvidia systems that require 10 gigawatts of power, the companies said on Monday. A

Nvidia plans to invest up to $100 billion in OpenAI as part of data center buildout Read More »

Apple-supplier Luxshare shares pop 10% on report of OpenAI hardware deal

Apple-supplier Luxshare shares pop 10% on report of OpenAI hardware deal

Finance News

In this photo illustration, the Luxshare Precision company logo is seen displayed on a smartphone screen. Sopa Images | Lightrocket | Getty Images Shenzhen-listed Luxshare saw its shares jump about 10% on Monday, following a report that the Chinese device assembler had signed a deal with OpenAI to produce a consumer AI device.  The company,

Apple-supplier Luxshare shares pop 10% on report of OpenAI hardware deal Read More »

Apple takes control of all core chips in iPhone Air with new architecture to prioritize AI

Apple takes control of all core chips in iPhone Air with new architecture to prioritize AI

Finance News

iPhone Air is the big newcomer among Apple’s latest lineup that went on sale Friday, but inside the slim phone’s raised plateau is another new piece of hardware that signals a renewed focus on artificial intelligence.  Apple’s custom A19 Pro chip introduces a major architecture change, with neural accelerators added to each GPU core to

Apple takes control of all core chips in iPhone Air with new architecture to prioritize AI Read More »

Elon Musk’s xAI raising billion at 0 billion valuation: sources

Elon Musk’s xAI raising $10 billion at $200 billion valuation: sources

Finance News

Elon Musk’s xAI is raising $10 billion from investors in a round that values the artificial intelligence startup at $200 billion, sources with direct knowledge of the situation told CNBC’s David Faber. It’s the latest example of skyrocketing valuations for companies developing foundational AI models. Earlier this month, Anthropic raised $13 billion at a $183

Elon Musk’s xAI raising $10 billion at $200 billion valuation: sources Read More »

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