Latest News, Updates & Breaking Headlines
Most US stocks rose on Friday even as artificial-intelligence names came under renewed pressure, keeping Wall Street’s benchmark indices near record highs, AP reported.The S&P 500 dipped 0.1% in early trade, retreating slightly from its all-time high, while the Dow Jones Industrial Average gained 103 points, or 0.2%. The Nasdaq composite fell 0.4% as selling…
Chipmakers Nvidia, AMD and Broadcom are reportedly adopting employee retention strategies that have been long used by big tech giants like Google, Amazon and Microsoft. According to a report by Business Insider, the leading chipmakers are offering massive stock-based compensation packages to their employees that vest over several years – a tactic that keeps workers…
Chip giant Broadcom recently laid off employees in customer-facing roles, including sales and account management. This follows a significant strategic partnership with OpenAI to develop custom AI accelerators, signaling a focus on its high-margin chip design business amidst broader restructuring after the VMware acquisition. Chip giant Broadcom laid off employees this week in sales, customer…
OpenAI, the maker of ChatGPT, has announced a new partnership with chip giant Broadcom to design and build specialized computer processors for artificial intelligence, marking its latest move in a series of high-profile deals. The collaboration follows recent agreements with Nvidia and AMD to supply computer chips, as OpenAI seeks to bolster its infrastructure to…
