Infra
HP to cut 10% of its staff in wake of PC market slowdown
HP Inc. today announced plans to cut up to 10% of its global workforce as it struggles to deal with a massive slump in demand for personal computers that will likely continue well into…
Infra
TSMC aiming to build advanced advanced chip fab in Arizona
Taiwan Semiconductor Manufacturing Co. has revealed plans to construct a new, three-nanometer chip manufacturing plant in Arizona, which will sit alongside a five-nanometer facility that’s already under construction and poised to open for business…
Cloud
Zoom admits new business deals are getting tougher to close and its stock drops
Shares of Zoom Video Communications Inc. lost more than 6% of their value in extended trading today after the company posted mixed third-quarter financial results. Profits beat Wall Street’s expectations but revenue was only…
Infra
Dell delivers record profit on better supply chain conditions, stock rises despite weak forecast
Updated: Tech industry bellwether Dell Technologies Inc. beat Wall Street expectations for its third quarter today thanks to what it said were improved conditions in its supply chain that helped to offset weakness in…
AI
Meta’s MultiRay platform aggregates training for high quality, large-scale AI models
Facebook parent company Meta Platforms Inc. today lifted the lid off its latest innovation in artificial intelligence training. It’s called MultiRay, a new platform for running the most powerful AI models at large scale,…
Apps
Google rolls out augmented reality-powered features in Maps and Search
Google LLC said today it’s adding a new augmented reality-powered capability to Live View in Maps that will make it possible to visually search for restaurants, coffee shops and other businesses in the immediate…
Cloud
Amazon CEO Andy Jassy says layoffs have already begun, and will extend into next year
Amazon.com Inc. Chief Executive Andy Jassy today for the first time publicly addressed reports that the company is poised to cut more than 10,000 workers in a series of layoffs — and said they…
Infra
Astera Labs raises $150M to boost connectivity for intelligent systems
Semiconductor design firm Astera Labs Inc. claims to have hit a number of key milestones after closing on a bumper $150 million late-stage round of funding today that brings its valuation to $3.15 billion.…
Policy
Dell to pay $1B to settle lawsuit over controversial 2018 stock swap deal
Personal computer and technology infrastructure giant Dell Technologies Inc. said Wednesday that it has agreed to pay a $1 billion settlement over a lawsuit that accused it of shortchanging some shareholders when it returned…
Infra
Strong data center chip sales help keep Nvidia’s head above water
Shares of the computer graphics chip giant Nvidia Corp. gained slightly in after-hours trading, despite its revenue guidance for the coming quarter falling just shy of analysts’ expectations. The chipmaker delivered mixed results in…