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Fed’s Schmid says finances around AI buildout merit watching | The Mighty 790 KFGO | KFGO
11+ hour, 57+ min ago (129+ words) Fed’s Schmid says finances around AI buildout merit watching The Mighty 790 KFGO Fed’s Schmid says finances around AI buildout merit watching Aug 4 (Reuters) – Federal Reserve Bank of Kansas City President Jeff Schmid said on Tuesday the financial situation involved in…...
China AI hardware stocks slump after news US plans to ban imports of Chinese components | The Mighty 790 KFGO | KFGO
11+ hour, 33+ min ago (141+ words) SHANGHAI, Aug 5 (Reuters) – China’s artificial intelligence hardware stocks slumped on Wednesday after news that the Trump administration is drafting a ban on U.S. imports of new models of Chinese data centre components. The CSI300 Telecommunication Services Index tumbled 6% in early…...
SK Hynix rises as brokerages launch coverage with bullish ratings
21+ hour, 53+ min ago (346+ words) Aug 4 (Reuters) – Recently listed U.S. shares of SK Hynix rose 5% after six brokerages started coverage of the South Korean chipmaker with bullish ratings, citing its dominance in the booming AI memory market and access to a broader global investor base....
Former chip executives launch athlete discovery platform
21+ hour, 43+ min ago (373+ words) SAN FRANCISCO, Aug 4 (Reuters) – Two former Intel executives have teamed with sports industry veterans to launch an online platform designed to help amateur athletes catch the attention of college recruiters and professional scouts. Renée James, the former Intel president who…...
OpenAI, Anthropic AI agents implicated in new security breaches
12+ hour, 39+ min ago (530+ words) SAN FRANCISCO, Aug 4 (Reuters) – An AI agent was caught creating fake online identities to gain unauthorized access to secure systems during tests of models from OpenAI and Anthropic which revealed a series of new breaches, Britain’s AI Security Institute (AISI)…...
Taiwan’s Wistron says AI server demand remains strong, quarterly profit up 128%
22+ hour, 4+ min ago (194+ words) TAIPEI, Aug 4 (Reuters) – Taiwanese server manufacturer Wistron, a Nvidia supplier, said on Tuesday demand for AI servers remained strong, as it reported a 128% surge in second-quarter net profit. • Second-quarter net profit rose to T$14.827 billion ($457.86 million), while revenue increased 64% to…...
Arista forecasts upbeat quarterly revenue on AI-driven networking demand
14+ hour, 50+ min ago (158+ words) Aug 4 (Reuters) – Arista Networks forecast third-quarter revenue above Wall Street estimates on Tuesday, betting on strong demand for its networking gear as companies expand their AI infrastructure. The company has been expanding beyond its core cloud customer base into enterprise…...
S&P 500 hits record high on strong AI-linked earnings, Mideast deal hopes
23+ hour, 44+ min ago (181+ words) Aug 4 (Reuters) – Wall Street’s benchmark S&P 500 hit an intraday record high for the first time since early June on Tuesday, boosted by upbeat AI-driven forecasts from Caterpillar and Palantir and hopes for an imminent deal to end tensions in…...
AMD forecasts revenue above estimates on AI chip demand, but shares fall
17+ hour ago (361+ words) Aug 4 (Reuters) – AMD forecast quarterly revenue above Wall Street estimates on Tuesday, banking on strong demand for its chips from massive data-center capacity expansions to power AI technologies. Shares of the Santa Clara, California-based company, however, fell over 8% in extended…...
OpenAI pays $3.2 million in US probe over hiring foreign workers
18+ hour ago (363+ words) Aug 4 (Reuters) – OpenAI and a subsidiary will pay $3.2 million to settle U.S. government claims that they favored foreign workers with temporary employment visas and discriminated against U.S. job applicants in recruiting and hiring, the U.S. Justice Department said on…...