Company to cut 10% of workforce

Company to cut 10% of workforce

Daniel Dines, Co-founder & CEO at UiPath addresses the audience during the third day of the Web Summit 2021 at Parque das Nacoes in Lisbon.  Bruno de Carvalho | SOPA Images | Lightrocket | Getty Images UiPath, a developer of automation software, is cutting 10% of its workforce, or about 420 jobs, as part of … Read more

Tropical Storm Beryl expected to become major hurricane by Monday

Tropical Storm Beryl expected to become major hurricane by Monday

Tropical Storm Beryl is expected to strengthen and become a “dangerous major hurricane” by Monday, bringing high winds and strong rain to the Caribbean, the National Hurricane Center said on Saturday. The storm, which formed on Friday, is forecast to hit the Windward Islands late Sunday. The NHC said the storm’s impact could be “destructive,” … Read more

FCC proposes rule requiring carriers to unlock all cellphones

FCC proposes rule requiring carriers to unlock all cellphones

(NewsNation) — The Federal Communications Commission proposed a new rule Thursday that would require carriers to make cellphones unlockable within 60 days after purchase.  The move would give cellphone users “freedom to take their existing phones and switch from one mobile wireless service provider to another more easily, as long as the consumer’s phone is compatible … Read more

Micron shares slide after revenue forecast fails to top estimates

Micron shares slide after revenue forecast fails to top estimates

Sanjay Mehrotra, CEO of Micron Technology Inc., speaks during an interview with CNBC on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 26, 2024.  Brendan Mcdermid | Reuters Micron shares fell about 5% in extended trading on Wednesday as investors looked past better-than-expected results and focused instead on … Read more

Nvidia CEO speaks at first shareholder meeting since stock surge

Nvidia CEO speaks at first shareholder meeting since stock surge

Nvidia’s CEO Jensen Huang delivers his keystone speech ahead of Computex 2024 in Taipei on June 2, 2024.  Sam Yeh | AFP | Getty Images Nvidia CEO Jensen Huang said on Wednesday that the company’s advantage in artificial intelligence chips was thanks to a bet it made over 10 years ago, centering on billions of … Read more

Etched raises $120 million to build chip to take on Nvidia in AI

Etched raises 0 million to build chip to take on Nvidia in AI

Etched co-founders Robert Watchen, Gavin Uberti, and Chris Zhu Etched Nvidia has been the hottest story on Wall Street of late, increasing eightfold in value since the end of 2022 and soaring past $3 trillion in market cap this month. A 2-year-old startup founded by Harvard dropouts has just raised $120 million in venture funding … Read more

Nvidia slides 13% in three days after becoming most valuable company

Nvidia slides 13% in three days after becoming most valuable company

Nvidia CEO Jensen Huang makes a speech at an event at COMPUTEX forum in Taipei, Taiwan June 4, 2024.  Ann Wang | Reuters Since briefly becoming the world’s most valuable company last week, Nvidia has dropped for three consecutive trading days and is now down 13% from its peak. Monday’s slide was the chipmaker’s second-steepest … Read more

Nvidia is little known despite topping $3 trillion in market cap

Nvidia slides 13% in three days after becoming most valuable company

Nvidia CEO Jensen Huang makes a speech at an event at COMPUTEX forum in Taipei, Taiwan June 4, 2024.  Ann Wang | Reuters Apple, Microsoft, Amazon and Google were the four leading global brands at the end of 2023, according to consulting firm Interbrand. They’re are also four of the world’s five most valuable companies. … Read more

OpenAI co-founder Ilya Sutskever announces Safe Superintelligence

OpenAI co-founder Ilya Sutskever announces Safe Superintelligence

Ilya Sutskever, Russian Israeli-Canadian computer scientist and co-founder and chief scientist of OpenAI, speaks at Tel Aviv University in Tel Aviv, June 5, 2023. Jack Guez | AFP | Getty Images OpenAI co-founder Ilya Sutskever, who left the artificial intelligence startup last month, introduced his new AI company, which he’s calling Safe Superintelligence, or SSI. … Read more

Nvidia passes Microsoft in market cap, is most valuable public company

Nvidia passes Microsoft in market cap, is most valuable public company

Nvidia CEO Jensen Huang attends an event at COMPUTEX forum in Taipei, Taiwan June 4, 2024.  Ann Wang | Reuters Nvidia, long known in the niche gaming community for its graphics chips, is now the most valuable public company in the world. Shares of the chipmaker climbed 3.2% in mid-day trading on Tuesday, lifting the … Read more