Returns cost fashion brands billions. As online shopping has exploded, apparel return rates have soared—20–30% for most retailers, with some categories hitting as high as 64%. Not only is this bad for the bottom line, but 66% of shoppers using AR or virtual try-on say they’re less likely to return items —and retailers see up…
WASHINGTON — President Trump and UK Prime Minister Keir Starmer signed a joint memorandum of understanding Thursday authorizing investment of $350 billion in sectors including artificial intelligence (AI), civil nuclear energy and quantum computing. The allied leaders announced the Technology Prosperity Deal in a press conference at Chequers, the country manor of the British PM in Buckinghamshire…
Tech giant Huawei unveiled new AI infrastructure meant to help boost compute power and allow the company to better compete with rival chipmaker Nvidia. At a keynote at its Huawei Connect conference on Thursday, Shenzhen, China-based Huawei announced new SuperPoD Interconnect technology that can link up to 15,000 graphics cards, including Huawei’s Ascend AI chips, together to increase compute power. This tech seems to be a competitor for Nvidia’s NVLink infrastructure, which facilitates high-speed communication between AI chips. Technology like this is critical for Huawei…
One of the world’s most valuable companies is throwing Intel a lifeline. Nvidia, which has a market cap of $4.3 trillion, said today that it will invest $5 billion in Intel, the struggling US chipmaker that was recently at the center of an unorthodox investment deal with the US government. Intel shares jumped more than…
Nvidia, the world’s leading chipmaker, announced on Thursday that it’s investing $5 billion in Intel and will collaborate with the struggling semiconductor company. The two companies will team up to work on custom data centers that form the backbone of artificial intelligence infrastructure as well as personal computer products, Nvidia said in a press release….
BEIJING (AP) — China’s Huawei Technologies said Thursday that it would roll out the world’s most powerful AI computing clusters over the next two years as it seeks to outperform global leaders despite relying on less powerful domestic semiconductors. China is racing to develop its own technology as America restricts what can be sold to…
Federal Reserve Chair Jerome Powell has sounded the alarm on what many recent graduates already know—getting a job right out of college is really hard right now. Speaking at his regular press conference following the Federal Open Market Committee meeting, Powell called it “an interesting labor market.” He said people “kids coming out of college…
Shares of fabless chip and software maker Broadcom (NASDAQ:AVGO) fell 3.3% in the morning session after a broader pullback sparked by reports that China banned its major tech firms from buying U.S. artificial intelligence chips. The negative sentiment weighed heavily on the Nasdaq, with the news first hitting chipmaker Nvidia and then rippling out to…
Columbus, Ohio — College freshmen Ashlee Croll and Brooklyn Baldwin are part of something new this fall at Ohio State University that will infuse artificial intelligence lessons into every major. “As a bio major, you have to take a lot of hard science classes, math classes,” Croll told CBS News. “So, there’s going to…
Ohio State University initiative requires students study AI – CBS News Watch CBS News Beginning this year, all Ohio State University freshmen are required to take a course in generative AI and multiple workshops aimed at real-world applications to help them master the technology. Meg Oliver reports. Source link