Business

Auto Added by WPeMatico

Lucid is cutting $1.4bn and betting its survival on robotaxis

Business, Digital Marketing, Electric vehicle, SEO Tips, Technology /

Lucid’s turnaround plan comes down to spending far less and hoping robotaxis pay off. The luxury electric-vehicle maker unveiled a $1.4bn cash-savings programme this week, alongside a second-quarter net loss of $1.26bn. The scale of the loss frames the urgency. Revenue rose to $405m from $259m a year earlier, but the company still burned through […]

This story continues at The Next Web

Lucid is cutting $1.4bn and betting its survival on robotaxis Read More »

AMD’s record quarter is really a bet that open beats Nvidia’s moat

Artificial Intelligence, Business, Digital Marketing, SEO Tips, Technology /

AMD has had its best quarter yet, as the chipmaker reported record revenue of $11.5bn for the second quarter, up 50% on a year earlier, as demand for AI hardware kept climbing. The engine was the data centre which brought in $6.7bn, more than double last year’s figure and now 58% of the company, the […]

This story continues at The Next Web

AMD’s record quarter is really a bet that open beats Nvidia’s moat Read More »

SpaceX is coming for T-Mobile, AT&T and Verizon

AT&T, Business, Digital Marketing, Mobile, Science, SEO Tips, Space, Technology /
SpaceX is preparing to build a terrestrial mobile network to “acquire quite a few” of the customers now subscribed to T-Mobile, AT&T, and Verizon. The message to compete head-to-head with the US carriers was delivered by SpaceX president Gwynne Shotwell and CEO Elon Musk during the Q&A section of the company’s first earnings call. “The […]

SpaceX is coming for T-Mobile, AT&T and Verizon Read More »

AMD’s datacenter business is booming while gaming takes a backseat

AI, AMD, Business, Digital Marketing, News, SEO Tips, Tech, Technology /
Driven by demand for AI capacity, AMD’s data center revenue more than doubled year-over-year in its latest earnings report, reaching $6.7 billion. That’s up from $5.8 billion in Q1, and jumping 107 percent from the $3.2 billion it reported for the same period a year ago. At the same time, AMD’s gaming revenue fell 31 […]

AMD’s datacenter business is booming while gaming takes a backseat Read More »

Zillow calls itself “AI-native.” It just cut 500 jobs and won’t say whether AI was the reason.

Artificial Intelligence, Business, Digital Marketing, Future of work, Insider, SEO Tips, Technology, United States /

Zillow laid off more than 500 people on Tuesday, about 7% of its staff and its largest cut of the year. The Seattle property company made the move one day before it reports quarterly earnings. It has spent the year telling investors it is becoming an “AI-native” company. It will not say whether AI had […]

This story continues at The Next Web

Zillow calls itself “AI-native.” It just cut 500 jobs and won’t say whether AI was the reason. Read More »

The AI memory shortage reached your phone bill, so T-Mobile will let you pay it off slower

Artificial Intelligence, Business, Digital Marketing, Fintech and ecommerce, Mobile, SEO Tips, Technology, United States /

The AI memory shortage has reached the phone-shop counter. T-Mobile is rolling out financing that lets customers walk out with a new handset for nothing down. It does this by spreading not just the device but its taxes and fees over three years. The reason its executives give is unusually blunt: chips are getting dearer, […]

This story continues at The Next Web

The AI memory shortage reached your phone bill, so T-Mobile will let you pay it off slower Read More »

OpenAI took the Apple lawsuit public and posted the receipts. Apple doubled down the same day.

Apple, Business, Digital Marketing, Insider, Legal, SEO Tips, Technology, United States /

The legal fight between Apple and OpenAI turned public and personal this week. OpenAI published a blog post titled “Apple is getting this wrong,” airing private messages and emails to rebut Apple’s trade-secrets lawsuit. On the same day, Apple escalated in court. Two former partners are now trading blows in the open. Apple sued in […]

This story continues at The Next Web

OpenAI took the Apple lawsuit public and posted the receipts. Apple doubled down the same day. Read More »

Shopping Cart