Finance

How Intel’s Nvidia deal could help Intel’s next generation of chip manufacturing

How Intel’s Nvidia deal could help Intel’s next generation of chip manufacturing

By Stephen Nellis SAN FRANCISCO (Reuters) –Nvidia‘s deal with Intel could put the struggling chipmaker’s next-generation manufacturing technology on a stronger footing, even with...

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Nvidia spent over $900 million to hire Enfabrica CEO, license technology, CNBC reports

Nvidia spent over $900 million to hire Enfabrica CEO, license technology, CNBC reports

(Reuters) –Nvidia has spent over $900 million to hire Enfabrica CEO Rochan Sankar and other staff at the artificial intelligence hardware startup, and to license the company’s technol...

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SoftBank Vision Fund to lay off 20% of employees in shift to bold AI bets, source and memo say

SoftBank Vision Fund to lay off 20% of employees in shift to bold AI bets, source and memo say

By Krystal Hu (Reuters) -SoftBank Group will lay off nearly 20% of its Vision Fund team globally as it shifts resources to founder Masayoshi Son’s large-scale artificial intelligence bets in the ...

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volumes are weak to stable but silver linings on the horizon

volumes are weak to stable but silver linings on the horizon

Coming a few weeks after an earnings season that saw a lot of trucking companies struggling (or even failing) to turn a profit, and an interim update from LTL carriers that was decidedly weak, th...

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Independent Bank, Hope Bancorp, Customers Bancorp, Community Bank, and Coastal Financial Shares Skyrocket, What You Need To Know

Independent Bank, Hope Bancorp, Customers Bancorp, Community Bank, and Coastal Financial Shares Skyrocket, What You Need To Know

A number of stocks jumped in the afternoon session after investors scooped up equities, shaking off the initial concerns inferred from the Fed’s dot plot, with tech stocks leading the charg...

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