Dell Falls 11% as Barclays Questions the Timing of Enterprise AI
Dell Technologies lost 11 percent of its market value on October 14, and the damage did not stop at one company. Hewlett Packard Enterprise, Oracle and Super Micro Computer fell…
AI Chip Stocks Slide as a Hardware Warning Reaches the Silicon
The selling began in servers and reached the chips within a day. Before U.S. markets opened on October 15, Nvidia, Advanced Micro Devices and Micron Technology were all quoted lower,…
TSMC Posts a Sixth Straight Record Quarter and Lifts Its Guidance
Taiwan Semiconductor Manufacturing Co. reported third-quarter net profit of NT$763.1 billion, about $24 billion, up 68.7 percent from a year earlier and above the NT$746.3 billion analysts had expected. It…
CoreWeave Shares and Bonds Slide as Default Bets Build
CoreWeave shares closed 15.5 percent lower on Wednesday after falling as much as 16 percent during the session, and the damage was not confined to the equity. The company’s unsecured…
Nvidia-Backed Iambic Therapeutics Raises $150 Million in U.S. Listing
Iambic Therapeutics raised $150 million in a U.S. initial public offering, pricing its shares at the middle of the range it had marketed to investors. The San Diego company sold…
OpenAI to Set Aside Apple Material While Trade-Secret Case Runs
OpenAI agreed on Wednesday to stop using information Apple alleges former employees carried out the door, and to collect forensic images of the devices used by 14 of its employees.…
xAI Adds a Voice Model and Holds Its Price at 8 Cents a Minute
The case for putting an AI model on the phone has always been arithmetic, and xAI arrived with the numbers attached to customers that already use it. The company released…
Bank of America Adds 1,000 Contractors to Patch AI-Found Code Flaws
Brian Moynihan had already walked analysts through the quarter. Then he volunteered a cost that does not have a line of its own in the results. Speaking to CNBC on…
Anthropic Tells Investors It Booked $16.8 Billion in Third-Quarter Revenue
Anthropic opened its books to people who might buy its shares, and the numbers on the pages did the talking. The artificial intelligence developer told potential investors on October 15…
Eight States Sue OpenAI Over ChatGPT and Minors
The complaints arrived on the same day, in eight separate courts, filed by eight separate offices that had reached their own conclusions about the same product. Attorneys general from eight…
