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Chip stocks jump on AI optimism; Dow ends at record high
Wall Street ends higher as chip stocks rally on AI optimism, Moderna jumps and the Dow reaches a record high.
Hyundai Motor Group plans to deploy humanoid robots at US factory from 2028
LAS VEGAS, Jan 5 (Reuters) – Hyundai Motor Group plans to deploy humanoid robots at its U.S. manufacturing plant in Georgia starting in 2028, marking a step toward automating higher-risk and repetitive manufacturing tasks, the South Korean company said. Hyundai unveiled the production version of the Atlas humanoid robot, developed by its unit Boston Dynamics, […]
Nvidia says next-gen Rubin AI chips in full production
Nvidia CEO Jensen Huang says the new Rubin chip platform delivers up to five times more AI computing power.
Cvent to acquire ON24 for $400M
Cvent announced this week that it plans to acquire San Francisco-based software development company ON24 for $400 million.
BigBear.ai completes $250M Ask Sage purchase
BigBear.ai announced Wednesday that it has completed its $250 million acquisition of Ask Sage, a Warren County-based company.
Virginia business schools ramp up AI education
Virginia business schools are expanding AI programs, blending data science and business education to prepare students for data-driven careers and ethical AI use.
Nvidia in talks to buy Israeli AI startup AI21 for $3B
JERUSALEM, Dec 30 (Reuters) – Nvidia is in advanced talks to buy Israel-based AI startup AI21 Labs for as much as $3 billion, the Calcalist financial daily reported on Tuesday. Nvidia declined to comment, while AI21 was not immediately available to comment. A 2023 funding round valued AI21 at $1.4 billion. Nvidia and Alphabet’s Google […]
SoftBank completes $40B OpenAI investment
Dec 30 (Reuters) – SoftBank Group has completed its $40 billion investment in OpenAI, a source familiar with the matter said on Tuesday, marking one of the largest private funding rounds ever and deepening founder Masayoshi Son’s bet on AI. SoftBank has been building one of the largest private technology investment programs in the world, […]
Nvidia, joining Big Tech deal spree, to license Groq technology, hire executives
Dec 24 (Reuters) – Nvidia has agreed to license chip technology from startup Groq and hire away its CEO, a veteran of Alphabet’s Google, Groq said in a blog post on Wednesday. The deal follows a familiar pattern in recent years where the world’s biggest technology firms pay large sums in deals with promising startups […]
US lawmakers want disclosure of license reviews for Nvidia H200 chip sales to China
WASHINGTON, Dec 22 (Reuters) – Two senior Democratic lawmakers on Monday asked the U.S. Commerce Department to disclose details and any approvals of ongoing license reviews for potential sales to Chinese firms of Nvidia’s second-most powerful AI chips. President Donald Trump this month said he would allow sales of Nvidia’s H200 chips to China, with […]
Alphabet to buy clean energy developer Intersect in $4.75 billion deal amid AI push
Dec 22 (Reuters) – Alphabet said on Monday it would buy clean energy developer Intersect for $4.75 billion in cash, plus assumed debt, as tech giants spend billions to expand the computing and power capacity necessary for developing artificial intelligence. Big Tech has ramped up investments in energy firms as U.S. power grids struggle to […]
Stocks rise on Wall Street as AI stocks turn higher again
US stocks rose Friday, with tech and AI shares lifting the S&P 500 and Nasdaq to weekly gains, even as investors weighed inflation, tariffs and slowing growth.
