In recent weeks, the semiconductor industry has been in the spotlight following a remarkable announcement from Foxconn, formally known as Hon Hai Precision Industry Co. This technology giant reported unprecedented fourth-quarter revenues that have reverberated throughout the market, lifting various semiconductor stocks globally. The staggering financial performance reaffirms the growing significance of artificial intelligence (AI)
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Amit Yoran, a prominent figure in the cybersecurity industry and the chief executive officer of Tenable, tragically passed away at the age of 54 on a Friday, with the announcement made by Tenable through a press release the following day. His death, though unexpected according to the company, came at a challenging time as he
In a bold move set to reshape the landscape of artificial intelligence, Microsoft announced plans to allocate a staggering $80 billion toward the construction of data centers designed to support AI workloads by fiscal year 2025. This unprecedented investment reflects the company’s commitment to maintaining its competitive edge in an increasingly crowded AI marketplace. Following
Recent statistics reveal a troubling trend for foreign smartphone manufacturers in China, with sales reaching an alarming low in November. The data provided by the China Academy of Information and Communications Technology (CAICT) indicates that shipments of foreign mobile phones plummeted to approximately 3.04 million units. This represents a staggering 47.4% decline compared to the
The landscape of innovation is ever-evolving, and CNBC is gearing up for its thirteenth annual Disruptor 50 list, a prestigious showcase of revolutionary companies that are pushing the boundaries of technology and entrepreneurship. Open now for applications, the deadline is set for February 10, 2025, at 11:59 PM EST. This initiative highlights privately-owned entities birthed
As the Chinese New Year approaches, Apple has decided to implement significant discounts on its premium iPhones and other products, highlighting a shift in its strategy amidst intense competition in the Chinese smartphone market. Traditionally reluctant to offer discounts directly through its own retail channels, Apple is now adopting a more aggressive pricing strategy in
Tesla Inc., the pioneer of electric vehicles (EVs), has been navigating through a tumultuous stock trading week, reflecting broader trends in the electric vehicle market and the intertwined dynamics with political figures. Over the course of just a few days, shares dipped dramatically before managing to recover losses, a pattern that not only highlights volatility
The year 2024 will be remembered as a transformative period for cryptocurrencies, especially Bitcoin, which emerged as the star performer among various asset classes. With new exchange-traded funds (ETFs) paving the way for greater market accessibility, the digital currency saw unprecedented growth. However, as the market matured, it also revealed the characteristic volatility that defines
In a significant announcement on Tuesday, Alibaba revealed a staggering price reduction of up to 85% for its large language models (LLMs). This move, made by Alibaba Cloud, the company’s cloud computing arm, aims to make its AI technologies more accessible to businesses. The visual language model, Qwen-VL, which allows the simultaneous processing of text
As the digital age continues to evolve, the world faces an impending energy crisis driven primarily by the escalating demands of artificial intelligence (AI) and cloud computing data centers. According to projections by the U.S. Department of Energy, global electricity consumption could soar by as much as 75% by the year 2050, a stark indicator