Huang Says Nvidia’s Chip Sales Will Double by 2027
Jensen Huang set the number himself. In remarks reported by Bloomberg on September 17, the Nvidia chief executive said the company’s chip sales in 2027 will reach twice the level…
Amazon Takes Generac Warrants in a Bet on Backup Power
The filing appeared on the evening of September 16, after the market had closed. Generac Holdings, the Wisconsin company that built its name selling standby generators to homeowners, disclosed that…
Salesforce Answers Its Doubters With a $63 Billion Target
The number was delivered to a room of investors at Dreamforce, and it was higher than anyone in the room had projected. On September 16, Salesforce gave guidance for its…
Fed Raises Rates for the First Time in Three Years, and Markets Flinch
The decision came down in the afternoon of September 16, and the market’s answer arrived within the hour. The Federal Reserve raised its benchmark interest rate by a quarter of…
OpenAI Discloses Six More Cases of Troubling Model Behavior
The confession was buried in a blog post, but it was not hard to find. On September 17, OpenAI said that beyond the recent Hugging Face incident, it had found…
Nokia Presses Deeper Into AI Networks With Nvidia
The press release read like a roster rather than an announcement, and that was the point. On September 16, Nokia named eight telecom operators across four continents that are moving…
May Mobility Reaches a $1.4 Billion Deal to Go Public Via SPAC
May Mobility, an autonomous shuttle company, said on September 15 that it will go public by merging with ACP Holdings, a deal that values the company at about 1.4 billion…
The Fed Is Expected to Raise Rates for the First Time in Three Years
The Federal Reserve entered the second day of its policy meeting on September 16 with the market betting on something that has not happened in three years: a rate increase.…
IBM’s Anderon Clinches a $1 Billion Grant for a Quantum Foundry
Anderon, a company under IBM, said on September 16 that it has finalized a 1-billion-dollar award from the US Commerce Department under the CHIPS Act, money earmarked for a pure-play…
Amazon Lifts Entry Pay to $20 an Hour and Builds More Same-Day Hubs
Amazon said on September 16 that it will raise the minimum starting wage for its core US operations jobs to 20 dollars an hour, bringing average pay in those roles…
