Technology - CybAI news

06 Aug

Xiaomi-Backed AI Chipmaker Black Sesame Prices Hong Kong IPO at Bottom of Range

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Black Sesame International Holding Ltd. has priced its Hong Kong initial public offering at the low end of the marketed range, people with knowledge of the situation said, as the recent global selloff in stocks piles extra pressure on new share issues. Black Sesame, which designs chips for autonomous driving systems and is backed by Xiaomi Corp., was offering 37 million shares at HK$28 to HK$30.30 each. At HK$28 per share, the IPO raised HK$1.04 billion ($133 million), still making it one of the biggest in Hong Kong this year. Source link lol

06 Aug

Nvidia’s Next-Generation AI Chip Rollout Slowed by Engineering Snags

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Nvidia Corp. hit engineering snags in the development of two new advanced chips, slowing the release of some products designed to extend its lead in the market for artificial intelligence computing.The delays affected the company’s highly anticipated Blackwell lineup, which Nvidia announcedBloomberg Terminal in March, according to people familiar with the situation. A version of the chip — known as an AI accelerator — is being reworked to better work with data center infrastructure designed for an earlier chip, the Hopper H100. Source link lol

05 Aug

Apple’s Shift to AI Is Poised to Soften Blow From Google Ruling

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Google’s defeat in an antitrust suit filed by the Justice Department has cast a shadow over partner Apple Inc., which generates roughly $20 billion a year in payments from the internet search giant. Apple shares slipped almost 5% on Monday after a judge ruled that Google’s payments to device makers — made in return for its search engine getting preferential placement — were illegal. The decision handed a win to the Justice Department in its first major antitrust case against Big Tech in more than two decades. Source link lol

05 Aug

Elon Musk’s X to Close San Francisco Office, Relocate Workers

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Elon Musk’s X, the social network formerly known as Twitter, will close its San Francisco office, ending the company’s presence in the city where it was founded in 2006. Chief Executive Officer Linda Yaccarino sent an email to employees saying X will move out of its Market Street space in San Francisco, according to a person familiar with the company. Employees will be relocated to an existing office in San Jose and an engineering office in Palo Alto, according to the person, who asked not to be identified because the email wasn’t shared publicly. Source link lol

05 Aug

Trump Suggests Avoiding Google in Interview With Gamer Adin Ross

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Republican nominee Donald Trump called for his supporters to stop using Alphabet Inc.’s Google, calling the search engine “illegitimate” as he doubled down on his criticisms of large technology companies.“Something’s wrong with Google,” Trump said in an interview with controversial video-game celebrity Adin Ross on Monday. “Everybody should maybe just go off Google, not use it.” Source link lol

05 Aug

Palantir Ups Profit Outlook, Says AI Has ‘Transformed’ Business

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Palantir Technologies Inc.’s stock jumped in extended trading after the company raised its annual outlook, citing continuing demand for its artificial intelligence software.Palantir also topped analyst estimates for sales and profit for the quarter, helping send its stock up more than 15% after the results were released. Source link lol

05 Aug

PrizePicks Fantasy Sports Names Blizzard Alum Ybarra as CEO

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PrizePicks, a fantasy sports company, named former Activision Blizzard executive Mike Ybarra as chief executive officer, succeeding co-founder Adam Wexler.The company, which bills itself as the largest daily fantasy sports operator in North America, said in a statement Monday that the appointment is effective immediately. Wexler will become executive chairman. Source link lol

30 Jul

Google’s Anthropic AI Deal Gets Closer UK Regulator Scrutiny

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Google’s partnership with US startup Anthropic will get deeper scrutiny from the UK’s antitrust watchdog, adding to the growing number of probes into the wave of big tech investment in artificial intelligence. The Competition and Markets Authority said Tuesday it was gathering information from market players to determine whether the Alphabet Inc. unit’s tie up qualifies as a merger and harms UK competition. Source link lol

30 Jul

Microsoft Needs to Show Azure Strength to Stem Great Rotation

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After a $2.3-trillion Nasdaq 100 wipeout, investors are nervously awaiting Microsoft Corp.’s earnings report to see whether the software maker can turn the tide.Traders are increasingly concerned that tech firms aren’t yet seeing returns from heavy investments in artificial intelligence. Shares in Alphabet Inc. slid last week after the Google parent reported higher-than-expected spending, adding to a broader selloff for Big Tech. That’s raised the bar for Microsoft, which is trading at a fairly hefty valuation of about 32 times projected profits and needs to show AI-related spending is translating into sales growth for its Azure cloud business. Source link…

29 Jul

US IPO Market to Slow After Lineage, With Quiet Summer Ahead

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The pricing of Lineage Inc.’s $4.4 billion first-time share sale helped make last week into the busiest for US initial public offerings in two and a half years. That excitement will be short-lived, according to bankers, who predict the rest of the summer will be more subdued.There was $6.1 billion worth of IPO activity in the US last week, according to data compiled by Bloomberg. Levels were boosted by temperature-controlled storage giant Lineage’s upsized offering and KKR & Co.-backed software company OneStream Inc.’s pricing above its marketed range to raise $490 million. Source link lol