Microsoft in Advanced Talks to increase investment in OpenAI

Microsoft in Advanced Talks to increase investment in OpenAI

Microsoft corp. MSFT -0.14% is in advanced talks about a new round of funding in OpenAI, according to a person familiar with the matter, as the software giant looks to further incorporate artificial intelligence into its products. No agreement has been reached between the two sides, and the amount of funding could vary as negotiations … Read more

Chip stocks slump to two-year lows as more tech, AI ban on China add to woes

Chip stocks slump to two-year lows as more tech, AI ban on China add to woes

The chip sector rallied on Friday for its third 6% one-day drop of the year after U.S. regulators moved the brakes on China’s military ambitions as it issued broader restrictions on semiconductor and AI technology that can be sold to the world’s second-largest economy . On Friday, the U.S. Commerce Department expanded its list of … Read more

Elon Musk to unveil Humanoid Robot Optimus at Tesla’s AI Day

Elon Musk to unveil Humanoid Robot Optimus at Tesla’s AI Day

Mr. Musk first laid out the vision for the robot, called Optimus, a little more than a year ago at Tesla’s first ever AI Day. At that moment, a dancer in a costume appeared on stage. This time, Mr. Musk has said he wants a prototype to be at the gathering, which is scheduled to … Read more

Elon Musk to unveil Humanoid Robot Optimus at Tesla’s AI Day

Elon Musk to unveil Humanoid Robot Optimus at Tesla’s AI Day

Mr. Musk first laid out the vision for the robot, called Optimus, a little more than a year ago at Tesla’s first ever AI Day. At that moment, a dancer in a costume appeared on stage. This time, Mr. Musk has said he wants a prototype to be at the gathering, which is scheduled to … Read more

Intel CEO takes on Nvidia with new launch

Intel CEO takes on Nvidia with new launch

Intel Corp. pushed back on Nvidia Corp. when it comes to Moore’s Law when CEO Pat Gelsinger unveiled a budget gaming card on Tuesday, a week after Nvidia released a line of gaming cards that many criticized as expensive. At Intel’s Innovation Conference, Gelsinger Intel INTC said, -0.30% will launch its Arc A770 graphics processing … Read more

‘Death of Moore’s Law’, says Nvidia CEO Jensen Huang as justification for price increase on game cards

‘Death of Moore’s Law’, says Nvidia CEO Jensen Huang as justification for price increase on game cards

Nvidia Corp. CEO Jensen Huang said Wednesday he thinks it will be “a pretty great Q4 for Ada,” the company’s next-generation chip architecture unveiled this week, even as critics wonder about a price hike during a declining consumer demand. Nvidia NVDA, +0.65% expects strong demand for gaming chips using its next-generation “Ada Lovelace” chip architecture, … Read more

White House weighs order to screen US tech investments in China, other countries

White House weighs order to screen US tech investments in China, other countries

WASHINGTON — The Biden administration is weighing an executive order to screen and possibly limit U.S. overseas investment in cutting-edge technology development in China and other potentially hostile countries. The White House aims to issue such an order within the next few months to monitor and potentially block outbound investment by U.S. companies and investors, … Read more

Restaurants are sending more customer calls to voice bots due to staff shortages

Restaurants are sending more customer calls to voice bots due to staff shortages

More casual restaurants and takeaways are eschewing direct phone lines and instead choosing to transfer customer calls to voice robots. Pushing customers who call in orders and reservations to automated lines that run on artificial intelligence can help staff focus on cooking and serving, some restaurant managers say. That’s especially helpful at a time when … Read more

Upstart stock falls after earnings, but CEO says he’s ‘confident’ in value of AI lending

Upstart stock falls after earnings, but CEO says he’s ‘confident’ in value of AI lending

Upstart Holdings Inc. shares fell after the company delivered a lower-than-expected revenue forecast for the current quarter, but its CEO expressed confidence in the performance and value of artificial intelligence-powered lending. Since Upstart UPST, +9.02% offered preliminary second-quarter results a month ago that fell short of expectations, the central question in the company’s official earnings … Read more

Intel’s pain could be AMD’s gain

Intel’s pain could be AMD’s gain

After a disastrous earnings report from Intel Corp. that acknowledged a big drop in data center sales and internal failures, Advanced Micro Devices Inc. is expected to to show exactly the opposite. Not only did Intel report a 16% drop in sales to $4.6 billion in data center sales, Chief Executive Pat Gelsinger reminded analysts … Read more