Finance

Huawei announces new AI infrastructure as Nvidia gets locked out of China

Huawei announces new AI infrastructure as Nvidia gets locked out of China

SHANGHAI, CHINA – JUNE 29, 2020 – Huawei’s largest flagship store in the world, Shanghai, China, June 29, 2020.- PHOTOGRAPH BY Costfoto / Barcroft Studios / Future Publishing...

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New Zealand’s new central bank governor to face credibility test

New Zealand’s new central bank governor to face credibility test

By Lucy Craymer WELLINGTON (Reuters) -New Zealand’s finance minister is expected to announce a new central bank chief in the coming weeks, with economists hoping the move will signal the en...

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Fed cuts, world stocks rip

Fed cuts, world stocks rip

By Jamie McGeever ORLANDO, Florida (Reuters) – TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist Wall Street and world stocks roared to new h...

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Intel Stock Jumps After Nvidia Buys Stake; FactSet Falls

Intel Stock Jumps After Nvidia Buys Stake; FactSet Falls

Zeng Yu / VCG via Getty Images News of a deal with Nvidia sent shares of Intel flying on Thursday. A chip industry mainstay got a boost from a big investment and collaboration with an in...

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Trump’s AI plan supports antitrust enforcement, DOJ official says

Trump’s AI plan supports antitrust enforcement, DOJ official says

By Jody Godoy NEW YORK (Reuters) -U.S. antitrust enforcers are on guard against anticompetitive behavior in the artificial intelligence sector as part of the Trump administration’s plan to c...

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Intel’s biggest problem isn’t going away with Nvidia’s $5 billion stake

Intel’s biggest problem isn’t going away with Nvidia’s $5 billion stake

Investors may have cheered Nvidia’s (NVDA) announcement that it will take a $5 billion stake in Intel (INTC), with shares of the latter soaring as much as 30% Thursday. But the investment d...

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