As access to advanced chips narrows, Chinese AI developers are focusing on fixing an algorithmic bottleneck at the heart of large language models (LLMs) – hoping that smarter code, not more powerful hardware, will help them steal a march on their Western rivals. By experimenting with hybrid forms of “attention” – the mechanism that allows…
Check out the companies making headlines before the bell. Advanced Micro Devices — The chipmaker jumped nearly 6% in reaction to robust long-term growth targets made at its Investor Day , including an internal forecast that the company’s data center revenues will jump 60% in the next three to five years. BILL Holdings — Bloomberg…
BEIJING – Spanish King Felipe VI and Chinese President Xi Jinping signed agreements on language exchanges and other areas Wednesday as both sides vowed to strengthen their cooperation. The monarch’s visit comes as Spain, the eurozone’s fourth-largest economy, continues its courtship of China and Chinese investment while the relationship with the United States is strained…
TOKYO (AP) — Japanese technology giant SoftBank said Tuesday it has sold its stake in Nvidia, raising $5.8 billion to pour into other investments. It also reported its profit nearly tripled in the first half of this fiscal year from a year earlier. Tokyo-based SoftBank Group Corp. said it sold the stake in Silicon Vally-based…
China’s cybersecurity agency accused the American government of orchestrating the theft about $13 billion worth of Bitcoin, representing China’s most recent attempt to attribute major cyberattacks to the US. The theft of the 127,272 Bitcoin tokens from the LuBian Bitcoin mining pool that took place in December 2020 marks as one of the largest crypto…
Nexperia has been cleared to resume shipping some chips from China, signaling the global industry may avert a major supply disruption after all. The details: After days of tense negotiations, Beijing has reached an agreement with the Netherlands over the Dutch chipmaker—lifting the ban on shipments from China, with the European Commission revealing some details…
TORONTO — Top diplomats from the Group of Seven industrialized democracies are converging on southern Ontario as tensions rise between the U.S. and traditional allies like Canada over defense spending, trade and uncertainty over President Donald Trump’s ceasefire plan in Gaza and efforts to end the Russia-Ukraine war. Canadian Foreign Minister Anita Anand said in…
CNBC’s Jim Cramer analyzed Monday’s session, saying stocks — especially tech names — managed to rebound from last week as Wall Street sees an end to the government shutdown. “With the government potentially about to reopen, it’s back to business as usual, and that means the data center stocks come roaring back,” he said. The…
NEW YORK (AP) — Big Tech and other superstars of the U.S. stock market got back to rallying on Monday, and Wall Street recovered most of its loss from last week. The S&P 500 climbed 1.5% and clawed back nearly all its drop from last week, which was its first weekly loss in four. The…
HONG KONG (AP) — Alice Zhang, a 29-year-old marketer in the southern Chinese city of Guangzhou, has spent only roughly half what she did last year during the “Singles’ Day” online shopping festival, switching to cheaper choices and giving up on buying new shoes after pay was cut by more than 20%. That’s typical, analysts…