In what was the most anticipated quarter this earnings season, Nvidia far outpaced lofty expectations on the top and bottom lines. Even better was a big revenue guide and a broader vision from CEO Jensen Huang that reinforced the notion that companies and countries are partnering with the AI chip powerhouse to shift $1 trillion … Read more
Nvidia‘s historic rally is being driven by its data center business, which grew at a whopping 427% in the latest quarter as companies keep snapping up its artificial intelligence processors. Now, Nvidia is signaling to investors that the customers spending billions of dollars on its chips will be able to make money off AI, too. … Read more
Rafael Henrique | Lightrocket | Getty Images Appen, the embattled artificial intelligence firm that once helped train AI models for tech giants including Microsoft, Nvidia and Google, has lost its executives in charge of revenue and marketing. Andrew Ettinger, who was the Australian company’s chief revenue officer, and Alicia Hale, who was marketing chief, stepped … Read more
Jensen Huang, co-founder and chief executive officer of Nvidia Corp., during the Nvidia GPU Technology Conference (GTC) in San Jose, California, US, on Tuesday, March 19, 2024. David Paul Morris | Bloomberg | Getty Images Nvidia announced a 10-for-1 forward stock split in its fiscal first-quarter earnings report on Wednesday. The shares will begin trading … Read more
ESPN college football broadcast camera on display prior to the All State Sugar Bowl playoff game between the Texas Longhorns and the Washington Huskies on Monday, January 1, 2024 at Caesars Superdome in New Orleans, LA. Nick Tre. Smith | Icon Sportswire | Getty Images In a move to strengthen its sports offerings, Warner Bros. … Read more
(L-R) J.D. Vance, a Republican candidate for U.S. Senate in Ohio, and Sen. Josh Hawley (R-MO) speak with reporters at a campaign rally on May 1, 2022 in Cuyahoga Falls, Ohio. Drew Angerer | Getty Images This reported column is Part Two of Eamon Javers’ two-part series on the new, conservative economic populism gaining ground … Read more
Budrul Chukrut | Lightrocket | Getty Images Amazon is upgrading its decade-old Alexa voice assistant with generative artificial intelligence and plans to charge a monthly subscription fee to offset the cost of the technology, according to people with knowledge of Amazon’s plans. The Seattle-based tech and retail giant will launch a more conversational version of … Read more
The Peugeot e-3008 electric car on display during a presentation at the Stellantis car factory in Sochaux, France. Arnaud Finistre | AFP via Getty Images PARIS, France — French car giant Peugeot told CNBC this week that it’s partnering with Vay, a German mobility startup, to integrate so-called “teledriving” tech — an alternative to autonomous … Read more
CNBC’s Jim Cramer on Tuesday analyzed the current market action, pointing out the way consumer-focused companies are suffering while outfits that deal with data and have enterprise customers triumph. “Right now, you have to follow the money, and it’s currently flowing to businesses that cater to other businesses and the ones that need to interrogate … Read more
Scale AI CEO Alex Wang, left. Scale AI Artificial intelligence startup Scale AI said Tuesday that it has raised $1 billion in a Series F funding round that values the enterprise tech company at $13.8 billion — almost double its last reported valuation. The San Francisco-based company, ranked No. 12 on this year’s CNBC Disruptor 50 list, has now … Read more
