Apple says it uses Amazon’s custom AI chips
Apple is currently using Amazon Web Services’ custom artificial intelligence chips for services like search and will evaluate if the company’s latest AI chip can be used to pre-train its…
Microsoft faces £1 billion lawsuit in UK for allegedly overcharging rival cloud firms’ customers
LONDON — Microsoft on Tuesday was accused of unfairly overcharging customers of rival cloud companies in a lawsuit claiming damages of more than £1 billion ($1.27 billion). The lawsuit alleges…
Asian chip stocks mostly rise, shrugging off new U.S. semiconductor export curbs on China
Major Asian chip stocks outside of China rose Tuesday, shrugging off a new round of U.S. semiconductor export curbs aimed at impairing Beijing’s capability to produce certain high-end chips. Taiwan…
China’s AI balancing act — beating the U.S. but keeping the tech from threatening Beijing’s rule
China’s race to develop smarter-than-human artificial intelligence may put it ahead of the U.S., but such ground-breaking technology could also risk lessening the stronghold that the ruling Communist Party has…
Tesla CEO Elon Musk loses bid to get $56 billion pay package reinstated
Tesla CEO Elon Musk lost his bid to get his 2018 CEO pay package reinstated on Monday when a Delaware judge upheld her prior ruling that the compensation plan was…
Streamer Kai Cenat earns millions, breaks Twitch subscriber record during 30-day livestream
Creator Kai Cenat broke the record for the highest subscriber count on Amazon‘s Twitch during a non-stop live stream for the entire month of November. Cenat is a 22 year-old…
Why Amazon sellers and retailers are flocking to TikTok Shop despite looming U.S. ban
Sporting a sparkly dress and a Santa hat atop her distinctly pink hair, Sarah Potempa stood in front of her smartphone at her haircare company’s warehouse in Waukegan, Illinois. It…
Intel CEO Pat Gelsinger is out, stock up 5%
Intel announced Monday that CEO Pat Gelsinger has retired from the company, effective Dec. 1. Shares of Intel were up 5% Monday in pre-market trading. Gelsinger’s retirement comes a week…
Coinbase policy chief expects speedy approval of crypto laws following Trump’s victory
LONDON — Coinbase’s top policy executive expects the United States to rapidly regulate the cryptocurrency industry once Donald Trump becomes president. Faryar Shirzad, chief policy officer at Coinbase, told CNBC…
Elon Musk asks court to block OpenAI from converting to a for-profit
Elon Musk is asking a federal court to stop OpenAI from converting into a fully for-profit business. Attorneys representing Musk, his AI startup xAI, and former OpenAI board member Shivon…