Published: Feb. 15, 2024 at 9:00 a.m. ET The unlikely trio of Nvidia Corp. Chief Executive Jensen Huang, Super Bowl legend Joe Montana and former Walt Disney Co. Chairman Jeffrey Katzenberg do have something in common. They’re all backing enterprise AI startup Alembic, fresh off $14 million in series A funding led by WndrCo, the …
NEW YORK — The Federal Communications Commission on Thursday outlawed robocalls that contain voices generated by artificial intelligence, a decision that sends a clear message that exploiting the technology to scam people and mislead voters won’t be tolerated. The unanimous ruling targets robocalls made with AI voice-cloning tools under the Telephone Consumer Protection Act, a 1991 law restricting …
Shares of Chegg Inc. slipped after hours on Monday, after the education-technology platform forecast first-quarter sales that were below expectations and said it was “too early to predict when we will return to revenue and margin growth.” The company, which offers textbook rentals and tech-powered homework assistance, offered the forecast as it tries to become …
Nvidia Corp. is the “clear beneficiary” of Meta Platforms Inc.’s rampant spending on artificial intelligence, according to an analyst. The Facebook parent company now expects to spend $30 billion to $37 billion on capital expenditures this year, whereas it was projecting $30 billion to $35 billion previously. The new “outlook reflects our evolving understanding of …
Qualcomm Inc. blew out quarterly profit estimates in its most recent report Wednesday, but its shares moved lower in choppy aftermarket action as the company’s revenue forecast merely met expectations at the midpoint. As artificial intelligence increasingly dominates the narrative for the chip sector, Qualcomm’s QCOM management said the company is among the beneficiaries of …
Klarna, a major buy-now, pay-later provider, is offering a new monthly subscription for its customers for $7.99. The biggest attraction? It eliminates service fees. “The main proposition of Klarna Plus right now is that you don’t pay any service fees,” Klarna Chief Marketing Officer David Sandstrom said in a statement. “So if you love Klarna …
Intel Corp.’s disappointing forecast for the first quarter includes another anticipated double-digit decline in the company’s data-center business, as the chip maker has yet to capitalize on its AI opportunity. Since its third-quarter earnings, Intel’s stock INTC, +0.94% has surged about 50%, in part due to the potential of providing chips for artificial intelligence. One …
Here are some markets, economy and stock predictions for 2024, including what would be a most unexpected outcome for the U.S. economy. First, a reminder: “The markets and the economy are not the same.” 1. AI continues to capture the world’s imagination: The biggest corporations start using artificial intelligence for real-world business purposes, including supply-chain management, distribution improvements …
Published: Jan. 3, 2024 at 2:59 p.m. ET GSI Technology Inc. has been awarded a $1.1 million contract to develop an artificial-intelligence chip for the Department of the Air Force, the company announced Wednesday. The chip will be used for in-aircraft search and rescue, object detection, moving-target indication and change detection, GSI GSIT said. As …
Published: Dec. 20, 2023 at 7:29 p.m. ET Micron Technology Inc.’s return to revenue growth last quarter as it recovers from the memory-chip downturn was in part due to the boom in AI-related chips, putting more of a spotlight on the chip maker as another potential AI investment. On Wednesday, Micron’s fiscal first-quarter results topped …