Nick Turner

Apple Inc. hired Meta Platforms Inc. Chief Legal Officer Jennifer Newstead as its general counsel, part of a wave of executive changes at the iPhone maker.

Marvell Technology Inc. rallied after reassuring investors that its custom chip-design unit is winning repeat orders, signaling continued growth as the company benefits from runaway spending on AI computing.

Marvell Technology Inc. rallied after reassuring investors that its custom chip-design unit is winning repeat orders, signaling continued growth as the company benefits from runaway spending on AI computing.

The US Commerce Department has agreed to invest as much as $150 million in xLight Inc., a chip technology startup tied to former Intel Corp. Chief Executive Officer Pat Gelsinger.

Apple Inc. artificial intelligence head John Giannandrea is stepping down from the role, capping a tumultuous tenure that included a fumbled entry into generative AI.

Nvidia Corp. shares fell on a report that Meta Platforms Inc. is in talks to spend billions on Google’s AI chips, suggesting the internet search leader is making headway in efforts to rival the industry’s bestselling AI accelerator.

Die Aktie von Nvidia hat mit Kursverlusten auf einen Bericht des Portals The Information reagiert, laut dem die Facebook-Mutter Meta Platforms über den Kauf von Google-KI-Chips im Wert von mehreren Milliarden Dollar verhandelt. Dies deutet darauf hin, dass der Internetriese mit seinen Bemühungen vorankommt, einen Rivalen für den meistverkauften KI-Beschleuniger der Branche zu schaffen.

The promise of artificial intelligence has already upended the economy and added trillions of dollars in market value to companies like Nvidia Corp.

Applied Materials Inc., the largest US producer of chipmaking equipment, plans to cut 4% of its global workforce as it copes with a sales slowdown and trade turmoil.

MGX, an Abu Dhabi-backed investment company focused on artificial intelligence, joined private equity firm Silver Lake Management LLC in a 51% acquisition of Intel Corp.’s Altera, which makes programmable chips.