Lenovo’s profits rose for a second-straight quarter as the world’s largest PC maker emerges from a yearslong downturn in the industry and captures opportunities in artificial intelligence to drive growth.
The world’s largest contract electronics maker reported higher quarterly net profit as its revenue rose to a record on robust demand for artificial-intelligence servers.
The Silicon Valley native joined Google as one of its earliest employees, was instrumental in its rise and stepped down last year after nearly a decade running its video platform.
Billions of dollars of venture capital is flowing into defense-tech startups focused on futuristic, AI-enabled weapons. Palmer Luckey’s Anduril is their biggest bet.
Shares in Semiconductor Manufacturing International Corp. rose sharply in Hong Kong on its better-than-expected quarterly results and rosy guidance, signaling a stronger recovery in demand.
SK Hynix second-quarter net profit rose sharply, keeping up the momentum of its first-quarter turnaround on AI-fueled demand for advanced computer chips.
The company’s strategy to set prices low for Echo speakers and other smart devices, expecting them to generate income elsewhere in the tech giant, hasn’t paid off.
OpenAI released a smaller and cheaper version of the technology that powers ChatGPT, part of an industry shift toward more efficient artificial-intelligence models.
Beijing’s support has seen China make up ground in the artificial-intelligence race but it has also handcuffed AI companies with some of the world’s tightest restrictions, many of them political.
The bloc said it identified three grievances over X’s content practices, which could lead to a fine of up to 6% of the company’s total worldwide annual revenue.
U.S. Republican lawmakers are citing concerns about the transfer of advanced technology and possible ties the Abu Dhabi-based company may have with China.