(Bloomberg) — Taiwan Semiconductor Manufacturing Co.’s revenue rose 45% in July, an early indication of strong demand for AI chips even as a global tech selloff underlined growing doubts about the technology’s potential. Most Read from Bloomberg Sales for the month reached NT$256.95 billion ($7.9 billion). For the third quarter, analysts project TSMC revenue should …
(Bloomberg) — Hewlett Packard Enterprise Co. reported revenue that beat analysts’ estimates on a big jump in sales of servers built to handle artificial intelligence work. The shares gained 17% in extended trading. Most Read from Bloomberg Fiscal second-quarter revenue increased 3.3% to $7.2 billion, the company said Tuesday in a statement. Wall Street projected …
(Bloomberg) — Nvidia Corp. is still working on the certification process for Samsung Electronics Co.’s high-bandwidth memory chips, a final required step before the Korean company can begin supplying a component essential to training AI platforms. Most Read from Bloomberg Chief Executive Officer Jensen Huang told reporters Tuesday his company was examining the so-called HBM …
(Bloomberg) — Intel Corp. Chief Executive Officer Pat Gelsinger took the stage at the Computex show in Taiwan to talk about new products he expects will help turn back the tide of share losses to peers, including AI leader Nvidia Corp. Most Read from Bloomberg Intel showed its new Xeon 6 data center processors with …
(Bloomberg) — Dell Technologies Inc. fell about 18% in extended trading after its first revenue increase since 2022 wasn’t enough to impress investors with high expectations for the company’s AI server business. Most Read from Bloomberg Sales increased 6.3% to $22.2 billion in the period ended May 3, the Round Rock, Texas-based company said Thursday …
(Bloomberg) — China’s domestic AI chipmakers are making fast progress in closing the gap on international leaders, according to SenseTime Group Inc. co-founder Xu Bing. Most Read from Bloomberg Asia has a shortage of computation power for artificial intelligence, lagging significantly behind the US, but China has the talent and data to make up lost …
Apple’s iOS 18 update will introduce new features for further customizing the iPhone’s home screen, according to Bloomberg‘s Mark Gurman. In the latest edition of his “Power On” newsletter, Gurman claimed that Apple will allow users to change the color of app icons in iOS 18. For example, “you can make all your social icons …
(Bloomberg) — Sign up for the India Edition newsletter by Menaka Doshi – an insider’s guide to the emerging economic powerhouse, and the billionaires and businesses behind its rise, delivered weekly. Most Read from Bloomberg Google plans to invest billions of dollars in India’s Tamil Nadu state to set up smartphone production, picking the southern …
(Bloomberg) — Nvidia Corp. Chief Executive Officer Jensen Huang said its partnership with Dell Technologies Inc. will spread artificial intelligence to a wider range of customers, helping businesses and organizations create their own “AI factories.” Most Read from Bloomberg “We want to bring this generative AI capability to every company in the world,” he said …
(Bloomberg) — Snowflake Inc. is in talks to acquire startup Reka AI for more than $1 billion, expanding the software maker’s effort to offer generative AI capabilities, according to people familiar with the matter. Most Read from Bloomberg Reka AI makes large language models — software trained on massive swaths of the internet that can …