By Jane Lanhee Lee and Chavi Mehta (Reuters) – Nvidia Corp on Tuesday announced several new chips and technologies that it said will boost the computing speed of increasingly complicated artificial intelligence algorithms, stepping up competition against rival chipmakers vying for lucrative data center business. Nvidia’s graphic chips (GPU), which […]
Technology News
As wireless carriers jostle to see who can win the race to deliver 5G services to customers, planning is already well under way for what comes next. Yes, we’re talking about 6G. That might seem premature, since 5G has a long way to go before most consumers and businesses have […]
By Fanny Potkin and Stefanno Sulaiman SINGAPORE/JAKARTA (Reuters) – Indonesia is readying tough new rules that will allow it to fine and criminally charge internet and social media platforms, sources with direct knowledge of the matter said, potentially slowing online firms’ rapid growth in a $70 billion market. The rules, […]
BANGKOK (Reuters) – Chinese automaker Great Wall Motor has signed an agreement with Thailand’s government to slash retail prices of its electric vehicles, an executive said on Tuesday, a move aimed at boosting domestic EV sales and production. The agreement, which involves a government subsidy and reduction in value-added tax, […]
Earnings are arguably the most important single number on a company’s quarterly financial report. Wall Street clearly dives into all of the other metrics and management’s input, but the EPS figure helps cut through all the noise. We know earnings results are vital, but how a company performs compared to […]
Homebuilder Lennar Corp. plans to spin off its LENx investment division later this year in order to become a “pure-play homebuilding company,” citing volatility in the valuations of the publicly-traded companies it holds a stake in, including real estate tech startups Opendoor, Blend Labs and Sonder. In its latest quarterly […]