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Broadcom says it will sell billion in AI parts and custom chips this year

Broadcom says it will sell $12 billion in AI parts and custom chips this year

Technology News

Hock Tan, CEO of Broadcom Lucas Jackson | Reuters Broadcom reported third fiscal quarter results on Thursday that beat Wall Street expectations for revenue and earnings. Broadcom shares fell 5% in extended trading. Here’s how the chipmaking conglomerate did versus LSEG consensus estimates for the quarter ending Aug. 4: Earnings per share: $1.24, adjusted versus […]

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Honor steps up challenge to Samsung with launch of thin foldable phone

Honor steps up challenge to Samsung with launch of thin foldable phone

Technology News

Honor launched the Magic V3 foldable smartphone in international markets as it steps up its challenge to Samsung. Honor Honor launched the Magic V3, its latest foldable smartphone, in international markets on Thursday as the Chinese tech company ramps up its challenge to Samsung in the fast-growing market. The handset, which has a screen that

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AI gadgets have been a bust so far. Apple aims to change that

AI gadgets have been a bust so far. Apple aims to change that

Technology News

Jaque Silva | SOPA Images | Lightrocket | Getty Images In late 2022, OpenAI’s launch of ChatGPT spurred an explosion of interest in the possibilities for artificial intelligence. Within months, some of the biggest tech companies in the world, including Microsoft, Meta and Google, joined the party, launching their own AI chatbots and generative AI

AI gadgets have been a bust so far. Apple aims to change that Read More »

Visa debuts a new product designed to protect consumers making bank transfers

Visa debuts a new product designed to protect consumers making bank transfers

Technology News

Nurphoto | Nurphoto | Getty Images Visa said it plans to launch a dedicated service for bank transfers, skipping credit cards and the traditional direct debit process. Visa, which alongside Mastercard is one of the world’s largest card networks, said Thursday it plans to launch a dedicated service for account-to-account (A2A) payments in Europe next

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Amazon is ‘joint employer’ of some contracted delivery drivers, labor group says

Amazon is ‘joint employer’ of some contracted delivery drivers, labor group says

Technology News

A group of Amazon delivery drivers hold a labor strike at the DAX7 Amazon Sortation Center in South Gate. The police became involved due to the hold up of Amazon vehicles.  Zoe Cranfill | Los Angeles Times | Getty Images Amazon should be considered a “joint employer” of some of its contracted delivery drivers, a

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U.S. safety regulator calls for probe of Temu, Shein over ‘deadly baby and toddler products’

U.S. safety regulator calls for probe of Temu, Shein over ‘deadly baby and toddler products’

Technology News

Global online shopping platform Temu. Bloomberg | Bloomberg | Getty Images Two U.S. Consumer Product Safety Commission members are urging the agency to probe safety practices of “foreign-owned” e-commerce platforms such as Shein and Temu, specifically the alleged sale of “deadly baby and toddler products.” In a letter late Tuesday, CPSC Commissioners Peter Feldman and

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Nvidia says it didn’t receive antitrust subpoena from DOJ

Nvidia says it didn’t receive antitrust subpoena from DOJ

Technology News

Nvidia’s headquarters in Silicon Valley. Andrej Sokolow | Picture Alliance | Getty Images Nvidia on Wednesday denied reports it received a subpoena from the Department of Justice over antitrust concerns. “We have inquired with the U.S. Department of Justice and have not been subpoenaed,” an Nvidia representative told CNBC. “Nonetheless, we are happy to answer

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Bitcoin ETFs saw heaviest outflows in four months on Tuesday as crypto prices plunged

Bitcoin ETFs saw heaviest outflows in four months on Tuesday as crypto prices plunged

Technology News

CFOTO | Future Publishing | Getty Images Spot bitcoin exchange-traded funds had their worst day in over four months on Tuesday as investors pulled some of their money alongside a broader market selloff. More than $287 million was withdrawn from the 11 U.S.-listed ETFs, the biggest day for outflows since May 1, according to Farside

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Amazon-backed Anthropic rolls out Claude AI for big business

Amazon-backed Anthropic rolls out Claude AI for big business

Technology News

Anthropic on Wednesday rolled out Claude Enterprise, its biggest new product since its chatbot’s debut and a step up for businesses looking to integrate Anthropic’s artificial intelligence. The Amazon-backed AI startup, founded by former OpenAI research executives, is the company behind Claude — one of the chatbots that, like OpenAI’s ChatGPT and Google’s Gemini, has exploded

Amazon-backed Anthropic rolls out Claude AI for big business Read More »

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