
Intel Restructures Leadership Under New CEO to Boost AI and Engineering Focus
Apr 18, 2025 10:59 am UTC| Technology Business
Intels new CEO, Lip-Bu Tan, has initiated a major leadership shakeup aimed at streamlining operations and reviving the chipmakers competitive edge. In a recent internal memo obtained by Reuters, Tan announced a flatter...

Netflix Q1 Earnings Beat Estimates with Boost from Ads, Price Hikes
Apr 18, 2025 10:59 am UTC| Business
Netflix (NASDAQ:NFLX) reported strong first-quarter earnings that exceeded Wall Street expectations, driven by price hikes and rising demand for its ad-supported subscription tiers. Shares rose 3% in after-hours trading...

Nvidia CEO Reaffirms Commitment to China Amid U.S. AI Chip Ban
Apr 17, 2025 19:08 pm UTC| Business
Nvidia CEO Jensen Huang emphasized the companys commitment to the Chinese market during a meeting with Ren Hongbin, chairman of the China Council for the Promotion of International Trade. Speaking in Beijing, Huang stated,...

TSMC Q1 Profit Surges 60% on Booming AI Chip Demand
Apr 17, 2025 19:08 pm UTC| Technology Business
Taiwan Semiconductor Manufacturing Co (TSMC), the worlds largest contract chipmaker, reported a 60% year-over-year surge in first-quarter net profit, driven by skyrocketing demand for chips powering artificial intelligence...

Tencent, Douyin Launch Domestic Sales Initiatives Amid U.S.-China Trade Tensions
Apr 17, 2025 19:08 pm UTC| Business Technology
Chinese tech giants Tencent and Douyin, TikToks sister app in China, have launched new initiatives to support local exporters affected by the intensifying U.S.-China trade war. These efforts aim to help export-reliant...

Stargate AI Megaproject Eyes UK Expansion Backed by OpenAI, SoftBank, Oracle
Apr 17, 2025 19:08 pm UTC| Business Technology
The $500 billion Stargate data center project, backed by OpenAI, SoftBank (TYO:9984), and Oracle (NYSE:ORCL), is exploring expansion opportunities in the UK as it seeks overseas sites for scaling artificial intelligence...

California Rejects Elon Musk’s Request to Join Lawsuit Against OpenAI
Apr 17, 2025 04:27 am UTC| Business Law
Californias attorney general has declined to join Elon Musks lawsuit against OpenAI, stating the legal action does not appear to serve the public interest. Musk, who co-founded OpenAI in 2015 but later left, is suing the...