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Uber beats on revenue, announces billion stock buyback

Uber beats on revenue, announces $20 billion stock buyback

Finance News

Dara Khosrowshahi, CEO of Uber, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22, 2025. Gerry Miller | CNBC Uber reported second-quarter results on Wednesday that beat on revenue and announced the authorization of a $20 billion stock buyback. Here’s how the company did versus analysts’ estimates compiled by LSEG: Earnings per […]

Uber beats on revenue, announces $20 billion stock buyback Read More »

Musk says Tesla is training an upgraded Full Self-Driving model which could be released next month

Musk says Tesla is training an upgraded Full Self-Driving model which could be released next month

Finance News

The Tesla Motors Inc. logo. Michael Short | Bloomberg | Getty Images Tesla is now training a new Full Self-Driving model boasting “big” video improvements and size upgrades, CEO Elon Musk said Wednesday on social media. “Tesla is training a new FSD model with ~10X params and a big improvement to video compression loss. Probably

Musk says Tesla is training an upgraded Full Self-Driving model which could be released next month Read More »

U.S. charges two Chinese nationals for illegally shipping Nvidia AI chips to China

U.S. charges two Chinese nationals for illegally shipping Nvidia AI chips to China

Finance News

China is one of Nvidia’s largest markets, particularly for data centers, gaming and artificial intelligence applications. Avishek Das | Lightrocket | Getty Images Two Chinese nationals in California have been arrested and charged with the illegal shipment of tens of millions of Dollars‘ worth of AI chips, including from Nvidia, the Department of Justice said

U.S. charges two Chinese nationals for illegally shipping Nvidia AI chips to China Read More »

Super Micro shares plunge 15% on weak results, disappointing guidance

Super Micro shares plunge 15% on weak results, disappointing guidance

Finance News

Charles Liang, CEO of Super Micro, speaks at the Computex conference in Taipei, Taiwan, on June 1, 2023. Walid Berrazeg | Sopa Images | Lightrocket | Getty Images Super Micro Computer shares slid 15% in extended trading on Tuesday after the server maker reported disappointing fiscal fourth-quarter results and issued weak quarterly earnings guidance. Here’s

Super Micro shares plunge 15% on weak results, disappointing guidance Read More »

AMD reports weaker-than-expected earnings even as revenue tops estimates

AMD reports weaker-than-expected earnings even as revenue tops estimates

Finance News

Lisa Su, CEO of Advanced Micro Devices, and Sam Altman, CEO of OpenAI, testifiy during the Senate Commerce, Science and Transportation Committee hearing titled “Winning the AI Race: Strengthening U.S. Capabilities in Computing and Innovation,” in Hart building on Thursday, May 8, 2025. Tom Williams | CQ-Roll Call, Inc. | Getty Images Advanced Micro Devices

AMD reports weaker-than-expected earnings even as revenue tops estimates Read More »

Nvidia says its AI chips don’t have a ‘kill switch’ after Chinese accusation

Nvidia says its AI chips don’t have a ‘kill switch’ after Chinese accusation

Finance News

Nvidia CEO Jensen Huang speaks to the media at a hotel in Beijing, China July 16, 2025. Alessandro Diviggiano | Reuters Nvidia on Tuesday rejected Chinese accusations that its data center GPUs for artificial intelligence include a hardware function that could remotely deactivate the chips, which is commonly called a “kill switch.” “NVIDIA GPUs do

Nvidia says its AI chips don’t have a ‘kill switch’ after Chinese accusation Read More »

Coinbase shares slide Tuesday, as crypto play takes double-digit fall from July record

Coinbase shares slide Tuesday, as crypto play takes double-digit fall from July record

Finance News

The Coinbase logo is reflected on a cellphone screen in London, England, on Nov. 9, 2021. Leon Neal | Getty Images News | Getty Images Coinbase shares slid on Tuesday after the company announced a $2 billion private offering of convertible senior notes. Shares were last down more than 5%. The decline occurred as investors

Coinbase shares slide Tuesday, as crypto play takes double-digit fall from July record Read More »

Tesla co-founder JB Straubel is using old EV batteries to power AI data centers

Tesla co-founder JB Straubel is using old EV batteries to power AI data centers

Finance News

As demand for energy skyrockets amid the rise of AI, one of Tesla‘s co-founders is betting on a new solution: giving old electric vehicle batteries a second-life. JB Straubel, who helped launch Tesla and served as its tech chief until 2019, founded Redwood Materials in 2017 to recycle batteries and build a closed-loop supply chain

Tesla co-founder JB Straubel is using old EV batteries to power AI data centers Read More »

Former X CEO Linda Yaccarino takes helm at digital health company eMed

Former X CEO Linda Yaccarino takes helm at digital health company eMed

Finance News

Linda Yaccarino, CEO of X Corp., attends the Milken Institute Global Conference 2025 in Beverly Hills, California, U.S., May 5, 2025. Mike Blake | Reuters Linda Yaccarino, the former chief executive of Elon Musk’s social media platform X, is pivoting into health care. The digital health company eMed Population Health on Tuesday announced it has

Former X CEO Linda Yaccarino takes helm at digital health company eMed Read More »

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