Dell reported its quarterly results, exceeding Wall Street’s expectations with a significant increase in server sales. The company’s revenue for the fiscal second quarter stood at $25.03 billion, surpassing the estimated $24.53 billion. The earnings per share (EPS) also outperformed predictions at $1.89 adjusted, compared to the anticipated $1.71. This positive outcome led to a
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The tech and chip-related stocks in Asia took a hit on Thursday following the announcement of Nvidia’s second-quarter results. Companies with direct links to the U.S. tech giant, such as South Korean chipmakers SK Hynix and Samsung Electronics, experienced significant losses. SK Hynix, known for manufacturing high bandwidth memory chips used in AI applications for
Elon Musk’s artificial intelligence startup, xAI, has been at the center of controversy due to its recent activities in Memphis, Tennessee. The company has come under fire for using natural gas burning turbines at its new data center without obtaining the necessary permits, leading to concerns about pollution and environmental health in the area. The
The boom in artificial intelligence technologies is driving the demand for more powerful processors and increased energy consumption in data centers. Sustainable Metal Cloud (SMC) has positioned itself as a key player in this space by offering innovative solutions that are sustainable and energy-efficient. SMC’s HyperCubes, which are filled with servers equipped with Nvidia processors
The World Robot Conference in Beijing showcased a plethora of humanlike robots, with 27 debuting at the event, a new record. There is a rush in China towards the development of humanlike robots, with investments exceeding 100 billion yuan in the last decade. These robots are being designed to perform a wide range of tasks
The ongoing trade war between the U.S. and China has led Chinese electric vehicle (EV) makers to explore new markets outside the U.S. One of the emerging markets for Chinese EVs is Mexico, where affordable price tags and aggressive marketing strategies have attracted customers. Last year, China was the largest car supplier to Mexico, exporting
Recently, it has come to light that Perplexity AI, an artificial intelligence startup, is planning to introduce advertisements on its search app in the upcoming quarter. Despite the company’s increasing popularity and success, it has faced accusations of plagiarizing content from various media outlets, raising concerns about its content acquisition practices. Let’s delve deeper into
The recent decision by the European Union to lower tariffs on electric vehicle imports from China has sparked a strong reaction from the Chinese government. The Ministry of Commerce in China has criticized the EU for what it views as unfair competition practices and pre-set conclusions regarding China’s subsidies for its electric vehicle industry. This
In a recent development, OpenAI announced a partnership with Condé Nast that will have far-reaching implications for the future of media outlets and content creation. This collaboration will see OpenAI’s advanced AI products, including ChatGPT and SearchGPT, being utilized to display content from a variety of popular media platforms such as Vogue, The New Yorker,
Alphabet-owned Waymo recently announced the details of its latest self-driving technology, known as “generation 6.” This new driverless tech has been integrated into Geely Zeekr electric vehicles and is designed to handle a wider array of weather conditions without the need for as many expensive cameras and sensors on board. Satish Jeyachandran, Waymo’s vice president
Recently, there has been a surge in the number of Americans falling victim to a deceptive scheme known as “pig butchering.” The term itself, derived from the idea of scammers using flattery and false connections to “fatten up” their targets, has garnered attention for all the wrong reasons. This elaborate strategy often takes weeks or
The advancement in technology has led to a new era where tracking brainwaves and capturing neural data are becoming a reality. This raises a critical question – what is a thought and how can it be measured and commodified? Recently, Colorado passed a groundbreaking privacy act aimed at protecting the rights of individuals in the
On Thursday, Cisco made a bold move by announcing a 7% reduction in its workforce, which resulted in a surge of 8% in its shares. This news marked the company’s best day since March 2020. The decision to trim down its employee base was coupled with the release of quarterly results that outperformed analyst expectations.
A bipartisan group of federal lawmakers recently raised concerns regarding Meta’s failure to prevent illicit drug advertisements from circulating on its platform. The lawmakers referenced reports from reputable sources such as The Wall Street Journal and the nonprofit Tech Transparency Project, which revealed a significant number of ads on Facebook and Instagram promoting the sale