Author: franperez66q@protonmail.com
Jensen Huang, chief executive officer of Nvidia Corp., speaks to members of the media following the company’s “Japan AI Ecosystem” reception in Tokyo, Japan, on Thursday, July 16, 2026. Kiyoshi Ota | Bloomberg | Getty ImagesNvidia said it’s secured AI memory supply from South Korea’s SK Hynix, as the chipmaker tries to lock in a key component for its advanced processors and systems.The agreement, announced late Friday in San Francisco, could be worth $500 billion over a number of years, and includes the construction of large-scale data centers expected to come online in 2027, Nvidia said. SK Hynix affiliate SK…
Samsung Elec, SK Group seal $950 billion deals as South Korea hosts AI powers Source link
After criticism from a federal judge, the Department of Justice yesterday withdrew demands for phone records and grand jury testimony from New York Times reporters who wrote about security concerns related to the Air Force One jet donated to Trump by Qatar. It was a setback in the Trump administration’s attempts to unmask journalists’ confidential sources. US District Judge Arun Subramanian “grilled Justice Department lawyers for nearly an hour over their handling of the subpoenas” during a hearing on Thursday, The New York Times wrote. “Either we can quash the subpoenas, or you could withdraw the subpoenas,” Subramanian reportedly told…
The industrial-scale sand battery in Finland’s Pornainen can cover almost one month of the town’s heating demands in the summer and as much as one week in the winter.Polar Night EnergyA small town in southern Finland has turned to the world’s largest commercial sand battery to fix what many see as the most critical problem facing renewable energy: intermittency.Standing at 13 meters tall and 15 meters wide, the eye-catching facility uses 2,000 metric tons of crushed soapstone to store clean energy in the form of heat to provide 100 megawatt-hours of thermal energy.That’s enough to provide the 5,000 residents of…
“Although there is issues around memory that we have to manage, [the RAM shortage] is generally great for our business because of our bill of materials cost advantage, which allows us to just have a lower cost than … all the competing products. That gap is just widening right now by a pretty wide margin,” Wood said, per a transcript of the call. The executive also noted that the low costs associated with running Roku OS have helped the company win over TV OEMs and retailers. Many tech companies have hiked prices recently due to the memory shortage. On the…
China fines Trip.com $700 million for abusing online travel dominance Source link
One down, three to go. Alphabet kicked off Big Tech earnings this week — telling Wall Street it plans to spend even more than previously expected on artificial intelligence. Now, the question is whether fellow Club names Amazon , Meta Platforms, and Microsoft will follow suit when they report next week. “Capex trends are going to be the number one focus,” Club portfolio director Jeff Marks said Friday during the Morning Meeting . That’s because investors are no longer giving companies a free ride on spiraling capital expenditures, increasingly demanding monetization of all their infrastructure investments — or at least…
Paramount Skydance agreed to a longer-term delay of its $111 billion acquisition of Warner Bros. Discovery, preventing the companies from combining until after a judge rules on the merits of a case in which a dozen states challenged the legality of the merger. Under a stipulation filed in court today, the states and companies agreed that the merger will not be completed and the firms will not integrate their operations until “five days after the merits determination in these matters,” or on June 1, 2027, whichever is earlier. The delay was also agreed to by the Writers Guild of America,…
Russia stocks higher at close of trade; MOEX Russia Index up 0.71% Source link
Investors are getting increasingly uncomfortable with the amount of capital needed to make the artificial intelligence buildout a reality. It’s playing out in real time in the bond market, where the biggest names involved in the blitz — Google, Amazon and Meta — are seeing credit spreads widen as fixed-income investors demand more reward to lend to the companies.Yields ticked higher this week after Alphabet lifted its capex forecast, raising concerns that other hyperscalers could follow suit.Part of the reason capex budgets are going up is the rising cost of power. Energy is a major expense for all of the…