Tag: business

Jensen Huang’s Nvidia Jacket Fetches Nearly $1 Million at Sotheby’s Auction

A jacket worn and signed by Nvidia CEO Jensen Huang sold for $960,000 at Sotheby’s, far exceeding its initial $40,000-$60,000 estimate.

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U.S. Seeks Share of Soaring Profits from South Korean Chipmakers Driven by AI Demand

Amid rising demand for AI chips, the U.S. aims to claim a portion of South Korean semiconductor makers’ substantial profits.

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Meta Plans $10 Billion Lease of Georgia Data Center to Anthropic

Meta is negotiating a $10 billion two-year lease of its Georgia data center to AI firm Anthropic, expanding its role in AI infrastructure.

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Apple Narrows Gap with Nvidia, Approaching $5 Trillion Market Value Amid AI Growth Optimism

Apple is closing in on Nvidia in market capitalization, nearing a $5 trillion valuation as AI-driven growth prospects reshape tech rankings.

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Chinese Memory Chip Manufacturer CXMT Plans $8.5 Billion IPO, Setting Industry Record

Chinese memory chip producer CXMT aims to raise $8.5 billion in an IPO, marking the largest public offering in China’s semiconductor sector.

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DeepSeek Founder Becomes World’s Wealthiest AI Model Developer

Liang Wenfeng, founder of DeepSeek, has become the richest developer in the AI model industry after a major funding boost.

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TSMC Posts 36% Revenue Surge Driven by AI Market Demand

TSMC’s quarterly revenue jumps 36% year-over-year to $39.6 billion amid strong growth in AI-related chip production.

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Honda Plans Significant Bonuses to Encourage AI Use Among Employees

Honda is set to offer substantial bonuses to employees who actively integrate AI technologies into their workflows, aiming to boost adoption.

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OpenAI Elevates Greg Brockman’s Role Ahead of IPO Following Fidji Simo’s Departure

After Fidji Simo steps down from product leadership at OpenAI, president Greg Brockman assumes greater control as the company prepares for IPO.

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SpaceX Shares Officially Join Nasdaq 100, Analysts Nearly Unanimous on Buy Recommendations

SpaceX stock has been added to the Nasdaq 100 index, prompting strong buy endorsements from top market analysts.

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Microsoft Expands Layoffs Beyond Xbox Division, Total Cuts Reach 4,800 Employees

Microsoft announces layoffs affecting 4,800 workers, extending beyond Xbox to Commercial Business and other divisions.

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Apple Faces $500 Million Patent Dispute in UK Supreme Court

Apple is set to contest a $500 million claim by patent holder Optis in a UK Supreme Court case that could impact its business operations.

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