Semiconductor company Advanced Micro Devices (AMD) plans to lay off 4% of its global workforce, or about 1,000 employees, as part of its efforts to shift focus to the development of artificial intelligence (AI) chips.
AMD views AI as its biggest opportunity for growth, but it has yet to gain...
The shares of electric car maker Rivian surged 23.24% on Wednesday after the company announced a partnership with German automobile manufacturing giant Volkswagen.
According to the announcement, Rivian and Volkswagen will enter a “joint venture to create next generation software-defined vehicle (SDV) platforms to be used in both companies’ future...
Online payments giant PayPal is looking to take advantage of the valuable data users generate while using its platform. The company recently announced plans to launch an advertisement platform that would rely on user data.
To build its ad business, PayPal will analyze the data steaming from the purchases of...
Acquiring shares of chipmaker Nvidia will be a lot easier in the future. The company announced a 10-for-1 forward stock split on Wednesday, which will come into effect on June 10.
Nvidia made the announcement while also reporting its quarterly earnings, which once again beat analyst expectations. The company’s revenue...
Apple has entered discussions with Google over the prospect of building Google's Gemini artificial intelligence engine into the iPhone. According to a report from Bloomberg, negotiations are centered on licensing Gemini for certain features that are set to come to the iPhone's software as well as the branding of...
Netflix shared its second-quarter earnings report after the bell on Wednesday, and the numbers were not as great as the analysts expected. As a result, the company’s shares have dipped more than 4% in after-hours trading.
Netflix reported revenue of $8.19 billion, which is 2.7% higher compared to the same...