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TSMC is reshaping its business to respond to the artificial-intelligence boom, including doubling capacity for a type of chip technology in demand from companies like Nvidia.
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Amazon.com reported record first-quarter sales as the artificial-intelligence boom powered growth in its cloud-computing unit.
Amazon.com reported record first-quarter sales as the artificial-intelligence boom powered growth in its cloud-computing unit.The Wall Street Journal - World -
CoreWeave, a cloud-computing startup backed by Nvidia and tailored for artificial intelligence, nearly tripled its valuation to $19 billion in a funding round.
CoreWeave, a cloud-computing startup backed by Nvidia and tailored for artificial intelligence, nearly tripled its valuation to $19 billion in a funding round.The Wall Street Journal - World -
Newspapers accuse artificial intelligence companies of stealing content
A newly-filed lawsuit targets two of the biggest generative AI platforms in the world, Open AI, the creators of ChatGPT and Microsoft's Copilot AI program.CBS News - Top stories -
Amazon sales soar with boost from artificial intelligence and advertising
Revenue at Amazon Web Services increases to $25bn as retail giant releases earnings report surpassing Wall Street expectations. Amazon profits soared once again in the first quarter of 2024, the company announced on Tuesday – the latest in a ...The Guardian - World -
Amazon Sales Surge as Company Trains Focus on Artificial Intelligence
The company reported record first-quarter sales as the AI boom powered growth in its cloud-computing unit, helping Amazon continue to shake off last year’s post-pandemic slump.The Wall Street Journal - World -
Amazon Sales Surge as Company Focuses on AI
The company reported record first-quarter sales as the AI boom powered growth in its cloud-computing unit, helping Amazon continue to shake off last year’s postpandemic slump.The Wall Street Journal - Business - Amazon -
There's No Business Like White House Business
Donald Trump may be an entrepreneur, but that doesn’t mean he’s a good steward of the economy.The Wall Street Journal - World -
Nvidia is chip sector’s only hope after AMD and Super Micro disappoint
Investors better hope that Nvidia Corp. exceeds Wall Street’s current expectations, after Tuesday’s disappointments by two other favored AI-related companies, Advanced Micro Devices and Super Micro Computer.MarketWatch - Business -
Samsung's Net Profit Quadruples as Chip Business Rebounds
The South Korean tech giant’s flagship semiconductor business swung to profit on higher memory-chip prices amid the artificial-intelligence boom.The Wall Street Journal - Tech -
Japan Tobacco reshapes supply chains to protect Russia business
Cigarette maker’s chief says its four factories and 4,000 workers in the country are operating as usualFinancial Times - Business - Japan
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Shell Beat Forecasts on Improved Asset Utilization
Citi said Shell’s beat to first-quarter net income was for the most part driven by better utilization across key assets—such as the Prelude LNG platform, the Pennsylvania ethylene plant and U.S. refining—and aided a little by positive trading in ...The Wall Street Journal - World -
OECD Sees Room for Rate Cuts But Warns of Oil-Price Threat
The global economy is likely to avoid an anticipated slowdown this year, but could yet suffer a significant setback if an escalation of conflict in the Middle East were to push oil prices sharply higher, the OECD said.The Wall Street Journal - World -
Gold Gains on Softer-Than-Expected Fed Rhetoric
Base metals and gold gained after the Federal Reserve’s comments came in softer than expected.The Wall Street Journal - World - Federal Reserve -
Oil Rises on Weaker U.S. Dollar After 3% Drop
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Maersk Sees Overcapacity Issues Persisting
Maersk raised the lower end of its full-year guidance despite expecting the overcapacity challenges that have plagued the industry to continue, potentially for the rest of the year.The Wall Street Journal - World