General Motors, one of America’s top carmakers, leads US companies in its exposure to China, perched in a delicate position as bilateral trade tensions persist amid US President Donald Trump’s steep 55 per cent tariffs on Chinese imports, according to a research report published this week. But GM is hardly alone. Elon Musk’s electric vehicle…
Nvidia shares hit a record high on Wednesday, closing at $154.31 and lifting the chipmaker’s market value to $3.77 trillion. The move allowed the AI titan to reclaim the title of the world’s most valuable company — but one firm thinks the rally isn’t even close to being over. The stock extended its record high…
Nvidia (NVDA) stock continued to tick higher Thursday, rising 0.5% in early trading after notching a record high above $154 the prior day. The gains come amid bullish predictions for the AI chip market on Wall Street. Loop Capital analyst Ananda Baruah on Wednesday raised his price target on Nvidia shares to $250, the highest…
Nvidia (NVDA) shares rose more than 4% Wednesday to notch a new record high of $154.31, completing a remarkable turnaround from earlier this year. Nvidia shares previously hit a record close of $149.43 on Jan. 6. The stock’s gain also saw shares reach a fresh intraday high during Wednesday’s trading session. The AI chipmaker’s stock…
A senior US State Department official has accused Chinese artificial intelligence firm DeepSeek of supporting China’s military and intelligence operations, a report has said, adding that the official also said that the company also used shell companies in Southeast Asia in an attempt to unlawfully acquire high-end US semiconductors.The allegations, shared with news agency Reuters…
An EU flag with the App Store logo A new report claims that Apple is in last-minute negotiations with the European Union over App Store changes, in an attempt to avoid impending further fines. The further fines in question relate to how Apple was initially fined $570 for alleged non-compliance with the Digital Markets Act…
Yum China, the company behind chains such as KFC and Pizza Hut, introduced an artificial intelligence (AI) agent for store managers on Friday, aligning with the restaurant industry’s broader push towards AI adoption to enhance efficiency. The assistant, named Q-Smart, was an AI-powered management system that enabled natural language interactions with store managers through wireless…
Project Indigo can help dramatically reduce smartphone-camera deficiences. Image credit: Adobe A new initiative from Adobe aims to improve smartphone cameras and computational photography in general to give a more natural, SLR-like look to iPhone photography. A new paper from Adobe Fellow Marc Levoy and Senior Scientist Florian Kainz discusses their latest project, which is…
June 19 Nvidia (NASDAQ:NVDA) has joined a $650 million funding round for TerraPower, the nuclear energy firm founded by Bill Gates (Trades, Portfolio), according to a Wednesday press release. The round was led by existing backers including Gates and HD Hyundai, alongside Nvidia’s venture capital arm, NVentures. The funds will help support regulatory and development…
Financial firms in Britain will be able to test artificial intelligence tools later this year in a regulatory “sandbox” launched on Monday by the country’s financial watchdog, part of a broader government strategy to support innovation and economic growth. The Financial Conduct Authority (FCA) has partnered with U.S. chipmaker Nvidia to provide access to advanced…