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In a significant endorsement of Intel’s turnaround process, Nvidia is making a $5 billion investment in another chipmaker.Intel has faced years of dwindling market share and revenues despite the US government’s intervention to help it build chip factories. On Thursday, it got perhaps the most impactful endorsement in the world of semiconductors — that of Nvidia CEO Jensen Huang.”We’re delighted to have invested in Intel, and the return on that investment is going to be fantastic,” Huang said at a Thursday press conference.As part of this partnership, Intel will incorporate Nvidia graphics processing unit (GPU) technology, used for powering AI applications, into its coming…
Amazon and Google are in the hot seat.Both of the multitrillion-dollar companies are facing off on Monday with US government regulators in separate court battles that highlight Washington’s intensified scrutiny of Big Tech.In a Virginia federal court, Google is squaring off with the Department of Justice over potential fixes to its digital advertising business after a judge found the tech behemoth holds an illegal monopoly in certain online adtech markets.On the other side of the country, Amazon is on trial in a Seattle federal court over the Federal Trade Commission’s accusations that the e-commerce giant “knowingly duped” millions of consumers…
A new internet age is taking shape, and it’s not about screens, clicks, or even swipes. It’s about AI agents, autonomous software programs that act on your behalf, fetching deals, booking flights, managing workflows, and even paying for things, all without you lifting a finger.The architecture powering this agentic era is being built now, and Big Tech companies are vying to establish early technological footholds.According to Cantor Fitzgerald’s latest Bytes report, the past six months have seen rapid advances in foundational protocols enabling these AI agents to operate across platforms. And like railroads and previous frontier innovations, the race is…
Fancy a job at the messaging service Telegram? You might want to look out for the next coding competition the company organizes to recruit engineers.Pavel Durov, the cofounder and CEO of Telegram, said in an interview with podcaster Lex Fridman, which aired on Tuesday, that he prefers to assess candidates through a coding contest instead of the standard interview process.”It’s in line with my overall philosophy. I think competition leads to progress,” Durov said.”If you want to create an ideal process for selecting the most qualified people for certain specific tasks you have in mind, what can be better than…
Experience can only take you so far in the world of AI, said Duolingo’s ex-head of product.In an episode of “Lenny’s Podcast” released on Sunday, Albert Cheng, the former head of product at Duolingo and Grammarly, said that top performers were not always the ones with vast experience.”I saw some of the highest performers just being people that had very high agency, had that clock speed, had that energy,” Cheng said. “They cared about the mission, but they didn’t necessarily need to have deep experience on that matter.”In fact, experience could even become a “crutch,” he said.”Especially in this world…
Chinese social media users on Weibo, a Twitter-like platform, have mixed views on Tesla’s new budget-friendly models.On Tuesday, Tesla announced affordable versions of the Model Y and Model 3. Unlike the premium versions, the standard models won’t ship with key features like leather seats, a radio, a rear screen for passengers, and the “Autosteer” feature of Tesla’s Autopilot software.The “Model Y Standard” and the “Model 3 Standard” cost $39,990 and $36,990, respectively. Both cars are about $5,000, or around 10% cheaper than their premium versions, and will be available starting next month.Some Chinese social media users, however, said they weren’t…
00:00 Speaker A The Dow extends its longest win streak of 2025 as stocks rise amid the latest tariff relief and Yahoo finances Jared Blickre joins us now with the trading day takeaways, Jared. 00:11 Jared Blickre Hey Josh, we got to start with the 100 days, the final tallies. So let’s just do that right now. I’m going to start with the sector action. Really interesting to see what happened here because remember the election to the inauguration was wildly bullish and then we saw this huge reversal. So here is the final scores on the door. Staples and…
By Scott DiSavino (Reuters) -U.S. energy firms this week cut the number of oil and natural gas rigs operating to their lowest since January, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell by six to 578 in the week to May 9. Baker Hughes said this week’s decline puts the total rig count down 25, or 4% below this time last year. Baker Hughes said oil rigs fell by five to 474 this week, their lowest since January, while gas rigs were…
Job openings slid in March to sit near a four-year low as the labor market continued to cool. New data from the Bureau of Labor Statistics showed 7.19 million jobs open at the end of March, a decrease from the 7.48 million seen in February. Job openings in March hit their lowest level since September 2024 and were near levels not seen since December 2020. The data comes as investors closely watch for any signs that economic growth may be slowing further. The February figure was revised lower from the 7.57 million open jobs initially reported. Economists surveyed by Bloomberg…
President Trump once again went after the Federal Reserve on Tuesday, saying at a rally in Michigan that “I have a Fed person who is not really doing a good job.” It was an apparent reference to Fed chairman Jerome Powell, although he didn’t mention Powell by name, with Trump saying, “I want to be very nice and respectful to the Fed.” “You are not supposed to criticize the Fed; you are supposed to let him do his own thing, but I know much more than he does about interest rates, believe me,” he added. President Donald Trump speaks on…