By Max A. Cherney SAN FRANCISCO (Reuters) -Broadcom’s silicon division launched its next-generation Jericho networking chip on Monday, which is designed to connect data centers over 60 miles (96.5 km) apart and speed artificial intelligence computation. The company’s Jericho4 introduces and improves several features that increase the amount of networking traffic speeding across large networks…
Riot Platforms, Inc. (NASDAQ:RIOT) shares are trading lower on Friday. Riot reported second-quarter revenue of $152.99 million, beating analyst estimates of $147.65 million. The firm reported second-quarter earnings of 57 cents per share, beating estimates for a loss of 10 cents per share. Also Read: Bitcoin Breaks Below $115,000 But Traders Say The Dip Is ‘No Big…
By Stephen Nellis SAN FRANCISCO (Reuters) -Apple CEO Tim Cook signaled on Thursday the iPhone maker was ready to spend more to catch up to rivals in artificial intelligence by building more data centers or buying a larger player in the segment, a departure from a long practice of fiscal frugality. Apple has struggled to…
By Stephen Nellis SAN FRANCISCO (Reuters) -Helion Energy, a startup backed by OpenAI’s Sam Altman and SoftBank’s venture capital arm, has started construction on a site for a planned nuclear fusion power plant that will supply power to Microsoft data centers by 2028, the company said on Wednesday. The site in Malaga, Washington, is in…
GE Vernova’s (GEV) latest quarter highlights why the power equipment maker is a Wall Street favorite. Shares of the Cambridge, Mass.-based company rallied 15% on Wednesday after orders for gas turbines and other equipment jumped in the second quarter — thanks to the AI-boom build-out of data centers, which have fueled electricity demand. It continued…
By Valerie Volcovici WASHINGTON (Reuters) -U.N. Secretary General António Guterres on Tuesday called on tech companies to power the build out of data centers with 100% renewable energy by 2030, even as the industry turns to gas and coal-fired power plants to meet surging demand. The secretary general made his case for why he believes…
Stocks are back near record highs, but a flurry of trade announcements, deals, and extensions kept investors on their toes last week. In the week ahead, a busier economic and earnings calendar will offer them more to chew on. Inflation data out Tuesday morning will set the economic agenda for the week. The Consumer Price…
Nvidia (NVDA) on Wednesday became the first publicly traded company to hit the $4 trillion mark, surpassing fellow tech players including Microsoft (MSFT) and Apple (AAPL). The chipmaker’s stock price is up around 22% year to date and 24% over the past 12 months. Nvidia closed Wednesday’s session at a record high, up nearly 2%…
Construction in Xinjiang, China, is ramping up with one goal in mind: building AI-powered data centers that could reshape the tech landscape. With over 115,000 Nvidia (NASDAQ:NVDA) chips planned for installation across more than 30 projects, China’s ambitions are clear but so are the challenges. The chips in question, including the H100 and H200, are…
By Max A. Cherney SAN FRANCISCO (Reuters) -The number of customers that use Arm (ARM)-based chips in data centers has grown to 70,000, a 14-fold increase since 2021, the company told Reuters. Under the guidance of Chief Executive Rene Haas, chip technology maker Arm has been working to expand its business into the PC market…