Dell beats first-quarter revenue estimates as AI boom bolster server demand
(Reuters) -Dell Technologies beat Wall Street estimates for first-quarter revenue on Thursday, ending a streak of six-quarters of decline, but…
Category: Business
Amazon’s Twitch terminates members of safety advisory council, CNBC reports
(Reuters) – Amazon.com’s streaming unit Twitch will end the contracts for all members of its safety advisory council on Friday,…
Best Buy set for tenth straight quarter of sales drop on weak electronics spending
By Ananya Mariam Rajesh and Juveria Tabassum Best Buy is set to post its tenth consecutive quarter of sales decline…
Gemini customers get back over $2 billion in crypto from Genesis bankruptcy
By Dietrich Knauth NEW YORK (Reuters) – Bankrupt crypto lender Genesis and crypto exchange Gemini have returned over $2 billion…
Arm offers new designs, software for AI on smartphones
By Stephen Nellis (Reuters) – Arm Holdings on Wednesday unveiled new chip blueprints and software tools to help smartphones handle…
Meta identifies networks pushing deceptive content likely generated by AI
NEW YORK (Reuters) – Meta said on Wednesday it had found “likely AI-generated” content used deceptively on its Facebook and…
Volkswagen to develop entry-level electric vehicles for 20,000 euros
FRANKFURT (Reuters) -Volkswagen will develop low-cost electric vehicles in a bid to better compete with fierce Chinese rivals, Europe’s largest…
Samsung encouraged to invest more in China, Premier Li Qiang says
BEIJING (Reuters) – Chinese Premier Li Qiang told Samsung Chairman Jay Y. Lee on Sunday that China welcomed further investment…
Elon Musk’s xAI valued at $24 billion after fresh funding
(Reuters) -Elon Musk’s AI startup xAI raised $6 billion in series B funding, reaching a post-money valuation of $24 billion…
Elon Musk plans xAI supercomputer, The Information reports
(Reuters) – U.S. businessman Elon Musk recently told investors that his artificial intelligence startup xAI is planning to build a…