Oil prices fell on Friday, with U.S. crude heading for a seventh weekly decline amid increasing concerns about slowing global economic growth that could hit demand for petroleum products as inventories build.
Google CEO Sundar Pichai and cofounder Sergey Brin met with employees during an all-hands meeting on Thursday and discussed reports that Google planned to launch a censored search engine in China. Pichai told staff that the company is not close to launching a search product in China. The meeting grew tense as Pichai and Brin discovered someone was providing real-time reports on the meeting to a reporter. …read more […]
Nvidia chips dominate the AI training chip market, where huge amounts of data help algorithms “learn” a task such how to recognise a human voice, but one of the biggest growth areas in the field will be deploying computers that implement the “learned” tasks. Intel dominates data centres where such tasks are likely to be carried out. “For the next 18 to 24 months, it’s very hard to envision anyone challenging Nvidia on training,” said Jon Bathgate, analyst and tech sector co-lead at Janus Henderson Investors. …read more […]
Nvidia Corp dominates chips for training computers to think like humans, but it faces an entrenched competitor in a major avenue for expansion in the artificial intelligence chip market: Intel Corp .
Asian shares won a modest reprieve on Friday after China and the United States agreed to hold their first trade talks since June next week and as the Turkish lira extended gains from its record low earlier this week.
Oil prices fell on Friday, with U.S. crude heading for a seventh weekly decline amid increasing concerns about slowing global economic growth that could hit demand for petroleum products.
Google Chief Executive Officer Sundar Pichai told employees at a meeting that plans to re-enter China with a search engine are “exploratory” and in “early stages,” addressing a topic that has exploded with controversy. Google co-founder Sergey Brin also spoke to the staff Thursday at the company’s all-hands meeting, saying that Google isn’t compromising its principles. Google didn’t respond to requests for comment. …read more […]
An employee fired from Tesla Inc’s Nevada battery factory filed a whistleblower complaint with the U.S. Securities and Exchange Commission, accusing the company of spying on employees and failing to act after learning that a Mexican cartel may be dealing drugs inside the plant, his attorney said on Thursday.
Things are looking pretty good for Walmart. The retailer’s new curbside grocery pickup feature has resulted in a 11 percent stock increase that has boosted sales to the highest Walmart has seen in years. …read more […]
OxyContin maker Purdue Pharma LP has tapped law firm Davis Polk & Wardwell LLP for financial restructuring advice, as its potential liabilities swell with a wave of lawsuits over the opioid addiction epidemic sweeping the United States, people familiar with the matter said on Thursday.
The company’s bleak outlook for cryptocurrency chips was a sharp reversal from the prior fiscal quarter, when sales to so-called miners of digital currencies such as bitcoin and ethereum amounted to $289 million, nearly a 10th of Nvidia’s revenue. Nvidia previously had forecast sales for cryptocurrency chips for the fiscal second quarter ended July 29 of about $100 million. It projected third-quarter revenue of $3.25 billion, plus or minus 2 percent, falling short of analyst estimates of $3.34 billion, according to Thomson Reuters I/B/E/S. …read more […]
Upscale department store Nordstrom Inc saw its shares soar as much as 14 percent in after-hours trading on Thursday, after reporting better-than-expected quarterly same-store sales growth, as more people shopped at its online stores.
Semiconductor stocks may be poised to extend their longest skid in months after disappointing guidance from Nvidia Corp. and Applied Materials Inc. sent shares of both companies sliding in extended trading…. …read more […]
Earnings of $1.94 per share beat the Zacks consensus by 11 cents, up 92% year over year …read more […]
Nvidia Corp shares sank as much as 5 percent in after-hours trading on Thursday after the chip maker said cryptocurrency-fueled demand had dried up and it forecast sales below Wall Street targets, overshadowing quarterly results that otherwise beat expectations.
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