US stocks fell on Monday as tech sector risks and upcoming inflation data worried investors. Nvidia shares dropped 3% on China’s probe into its 2020 acquisition of Mellanox. Investors await inflation data to gauge the potential for more Fed interest rate cuts. US stocks retreated from record highs on Monday as investors assessed a potential…
Starlink is booming and probably coming to a plane, cruise ship, or RV near you. Internet traffic from Elon Musk’s satellite web service more than tripled in 2024, per Cloudflare data. Starlink has expanded to a host of new countries and struck deals with airlines and cruise providers. Elon Musk’s Starlink is taking over planes…
Ethan Evans, a former Amazon VP, led a failed project in 2011 that interrupted Jeff Bezos’ launch plans. The failure involved a critical design flaw in the Amazon Appstore’s “Test Drive” feature. It taught Evans to communicate in a crisis, take ownership of a problem, and rebuild trust slowly. I worked at Amazon for 15…
Tenstorrent just closed its latest funding round, valuing the company at about $2.6 billion. The startup computing company aims to rival Nvidia with more affordable AI chips and processing. The nearly $700 million round attracted investors Samsung, Bezos Expeditions, and LG Electronics. In its latest funding round, Tenstorrent, a startup computing company that builds powerful…
A few months ago, I started using an AI notetaking app, Granola, in meetings. I take notes and then after the call, the AI builds a more fulsome outline of the conversation. Taking notes on what’s most important helps us get more from meetings, Granola’s CEO said. A few minutes after I’d hopped on a…
Irvine electric vehicle maker Rivian has received conditional approval for a federal loan of up to $6.6 billion that would help fund construction of a Georgia plant where it could manufacture smaller and more affordable SUVs. The company said late Monday that the loan from the U.S. Department of Energy’s Advanced Technology Vehicle Manufacturing Loan…
Billionaire investor Warren Buffett has donated over $1.1 billion worth of Berkshire Hathway stocks to four of his family’s charities and foundations on November 25, according to an AP report. The ‘Oracle of Omaha’ revived his Thanksgiving tradition of donating during the holiday and also outlined succession plans for his $147.4 billion worth fortune, it…
Gov. Gavin Newsom plans to revive California’s EV rebate if Trump ends the federal tax credit. But Tesla, the largest maker of EVs, would be excluded under the proposal. Elon Musk criticized Tesla’s potential exclusion from the rebate. California Gov. Gavin Newsom is preparing to step in if President-elect Donald Trump fulfills his promise to…
Walmart is pulling back its DEI programs amid backlash from a conservative activist. Robby Starbuck has led social media campaigns against companies for their DEI practices. Other companies that withdrew or toned down their DEI initiatives include Lowe’s and Ford. Walmart is the latest company to roll back its diversity, equity, and inclusion initiatives amid…
AI infrastructure companies took off in 2024 as investors put their money in the picks and shovels. Goldman Sachs believes companies using AI to boost revenues will be next to take off in 2025. Here are 11 companies that are realizing revenue gains from the technology. This year, the AI story has dominated the stock…