Amazon Cuts 14,000 Corporate Jobs, Citing AI
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Nvidia became the first company to surpass $5 trillion in market value after a fresh rally driven by AI-chip demand.
Once a government-led pursuit, nuclear fusion is now a private-capital race, much of it financed by the same people building AI.
Amazon will report earnings after the closing bell on Thursday. Analysts want updates on AI progress, AWS, and retail margins.
TikTok announced three new features at its US Creator Summit yesterday. They include an update to revenue sharing for creators that offer subscriptions plus tools that can help with both the early planning stages of a video, and the process of editing longer clips into multiple shorter ones.
However, the Fed chair noted that the growth is unevenly distributed and concentrated among only a few companies.
About an hour after Meta, Microsoft and Alphabet delivered quarterly earnings, shares in the latter were up 5.5 per cent in after-hours trading. The Google parent reported quarterly revenue that surpassed $100bn for the first time.
Colleges racing to adopt AI face an infrastructure choice. ODU and RPI show cloud-first vs on-prem paths—and low-budget routes to scale compute and governance.
The $5 trillion valuation surpasses the total cryptocurrency market value and equals roughly half the size of the pan European Stoxx 600 equities index, Reuters notes. At current prices, Huang’s stake in Nvidia would be worth about $179.2 billion, making him the world’s eighth-richest person.
Big Tech companies use secrecy agreements with local governments to keep communities from knowing who is building in their backyards.
At Tokyo Film Festival, Paul Schrader reflects on 'Mishima,' censorship, AI’s rise, and his enduring bond with Japan decades after the film’s ban.
The tech giant says AI spending is set to reach up to $93 billion this year, which it can finance with profit from its advertising and cloud units.