VESSL AI raises $12M to slash GPU costs for machine learning models
South Korean startup VESSL AI has raised $12 million in a Series A funding round, focusing on its machine learning operations (MLOps) platform that promises to reduce GPU expenses by…
Huawei introduces HarmonyOS Next to compete with iOS and Android
Huawei Technologies is set to release its new mobile operating system, HarmonyOS Next, on Tuesday, positioning it as a competitor to Apple’s iOS and Google’s Android. This launch is part…
Super Micro stock jumps following AI GPU shipment announcement
Super Micro Computer‘s shares saw a significant 15% rise following the company’s announcement that it is now shipping over 100,000 graphics processing units (GPUs) used for artificial intelligence every quarter.…
Samsung apologizes after missing third-quarter profit expectations
Samsung’s Vice Chairman, Jun Young-hyun, the new head of the company’s Device Solutions Division, issued a rare apology on Tuesday following the company’s disappointing third-quarter profit guidance. The apology came…
AI Boom Has Room to Grow Says Foxconn Chairman Amid Language Model Evolution
Foxconn CEO and Chairman Young Liu has indicated that the surge in corporate investment in artificial intelligence (AI) infrastructure will continue as large language models (LLMs) advance. In an interview…
Nissan Joins ChargeScape with Major Investment in EV Charging Tech
Nissan Motor announced on Monday that it will invest in ChargeScape, an electric vehicle (EV) battery charging technology company. While the investment amount remains undisclosed, Nissan will acquire a 25%…
Samsung denies interest in separating chip manufacturing division
Samsung Electronics has ruled out the possibility of spinning off its contract chip manufacturing, known as its foundry business, as well as its System LSI logic chip design operations, despite…
China Faces EU Tariffs on Electric Vehicles as Trade Dispute Grows
The European Union has initiated a significant economic measure against China by imposing tariffs on electric vehicles (EVs), escalating the risk of retaliatory actions and potential repercussions for domestic businesses…
Strong AI Demand Propels Foxconn to Record Third-Quarter Revenue
Foxconn, the world’s largest contract electronics manufacturer, has exceeded market expectations, posting record third-quarter revenue driven by robust demand for artificial intelligence (AI) servers. Revenue surged 20.2% year-on-year to T$1.85…
Tata iPhone Component Plant Shuts Down Indefinitely After Fire Incident
Production has been indefinitely halted at Tata Electronics’ plant in southern India, following a fire that broke out over the weekend. The facility, which produces key components for Apple’s iPhone,…
New Robotic Hand Crawls Like a Spider While Picking Up Items
Researchers at the École Polytechnique Fédérale de Lausanne (EPFL) have unveiled a robotic hand capable of both crawling and picking up objects simultaneously. Designed to detach from its arm and…
AI Chip Market Challenges Threaten Samsung’s Profit Growth
Samsung Electronics is expected to report a substantial recovery in quarterly profit, with projections of over a four-fold increase to 10.33 trillion won ($7.67 billion) for the quarter ending September…
Chinese Cyberattack Targets U.S. Broadband Providers and Wiretap Systems
Chinese hackers infiltrated the networks of U.S. broadband providers, accessing systems used by the federal government for court-authorized wiretapping, according to a Wall Street Journal report. The intrusion, targeting networks…
WuXi AppTec Explores Sale of Key Units Amid U.S. Restrictions
China’s WuXi AppTec and WuXi Biologics are considering the sale of parts of their pharmaceutical operations as U.S. national security concerns tighten restrictions on Chinese biotech firms. WuXi AppTec is…
Nvidia’s Blackwell Chip Faces Unprecedented Demand, Says CEO Jensen Huang
Nvidia CEO Jensen Huang has described the demand for the company’s upcoming Blackwell artificial intelligence chip as “insane.” In an interview with CNBC’s “Closing Bell Overtime,” Huang noted that every…
Nvidia Unveils New AI Model That Rivals GPT-4 in Both Vision and Language Tasks
Nvidia has introduced a groundbreaking open-source artificial intelligence model, poised to rival industry-leading systems like OpenAI’s GPT-4. This new development, named the NVLM 1.0 family, is headlined by the NVLM-D-72B,…
Tesla and Chinese Automakers Face Increased EU Tariffs on EV Imports
The European Commission plans to impose additional tariffs on electric vehicles (EVs) imported from China, in response to an anti-subsidy investigation. These tariffs, set to supplement the EU’s standard 10%…
KKR Explores Potential Takeover Bid for Chip Equipment Maker ASMPT
U.S. private equity firm KKR is reportedly considering a takeover bid for ASMPT, a Hong Kong-listed chip equipment maker. The report, initially shared by Bloomberg News, cites sources familiar with…
China Invests Over $100 Billion in Overseas Clean Energy Projects, Research Finds
Chinese firms have invested over $100 billion in overseas clean energy technology projects since 2023, according to research from Australian group Climate Energy Finance (CEF). The substantial investments aim to…
Nio and Monolith Join Forces for Real-Time AI Testing of EV Batteries
Nio has partnered with Monolith, a UK-based artificial intelligence software startup, to enhance real-time testing and improvement of electric vehicle (EV) battery packs. Leveraging Nio’s battery swapping service in Europe,…