China’s attempts to dominate the world of artificial intelligence could be paying off, with industry insiders and technology analysts telling CNBC that Chinese AI models are already hugely popular and are keeping pace with — and even surpassing — those from the U.S. in terms of performance. AI has become the latest battleground between the … Read more
Super Micro Computer CEO Charles Liang appears the Computex conference in Taipei, Taiwan, on June 5, 2024. Annabelle Chih | Bloomberg | Getty Images Super Micro Computer joined the Nasdaq 100 in July. Five months later, it’s out, and the stock is down 7% on the news. Nasdaq said late Friday that Super Micro is … Read more
President Donald Trump introduces Broadcom CEO Hock Tan prior to Tan announcing the repatriation of his company’s headquarters to the United States from Singapore during a ceremony in the Oval Office of the White House, in Washington, DC, November 2, 2017. Getty Images When Broadcom tried to buy rival Qualcomm for $120 billion in 2018, … Read more
A supporter holds up a sign that read “TikTok” during a news conference on TikTok in front of the U.S. Capitol in Washington, D.C., on March 22, 2023. Alex Wong | Getty Images House Committee members are urging the top executives of Apple and Google to be prepared to comply with a law that could … Read more
The logo of OpenAI is shown on a mobile phone in front of a computer screen displaying the photographs of Sam Altman, left, and Elon Musk, March 14, 2024. Muhammed Selim Korkutata | Anadolu | Getty Images OpenAI on Friday clapped back against Elon Musk, one of its co-founders, after the billionaire asked a federal … Read more
A sign is posted in front of a Broadcom office in San Jose, California, on Dec. 12, 2024. Justin Sullivan | Getty Images Shares of Broadcom popped more than 21% Friday morning, pushing the company’s market cap beyond $1 trillion for the first time. It will be Broadcom’s best trading day on record if the move … Read more
SEC Chair Gary Gensler participates in a meeting of the Financial Stability Oversight Council at the U.S. Treasury in Washington, D.C., July 28, 2023. Kevin Dietsch | etty Images The Securities and Exchange Commission has issued a “settlement demand” to Elon Musk, the tech billionaire disclosed in a social media post on Thursday. The post … Read more
A federal appeals court on Friday cited national security concerns as it upheld a law requiring China-based ByteDance to sell the popular social media app TikTok next month or face an effective ban in the United States. The unanimous ruling by a three-judge panel of the U.S. Court of Appeals in Washington, D.C., rejected TikTok’s … Read more
Zenefits CEO David Sacks speaks at the TechCrunch Disrupt conference in San Francisco, Calif. Paul Chinn | San Francisco Chronicle | Hearst Newspapers via Getty Images Venture investor and podcaster David Sacks will join the Trump administration as the “White House A.I. & Crypto Czar,” President-elect Donald Trump announced Thursday on Truth Social. Sacks will … Read more
Jeff Bezos, founder and executive chairman of Amazon and owner of the Washington Post, takes the stage during the New York Times annual DealBook summit at Jazz at Lincoln Center on December 04, 2024 in New York City. Michael M. Santiago | Getty Images Amazon founder Jeff Bezos spoke optimistically of President-elect Donald Trump Wednesday … Read more