Broadcom’s $73 Billion AI Backlog Holds Steady Against Google Chip Talk
SAN JOSE — In a session that wiped out hundreds of billions of dollars from chip stocks, Broadcom shares held their ground. The company’s AI-related order backlog now stands at…
ChatGPT’s Share of AI Assistants Dips Below 50% for the First Time
SAN FRANCISCO — Four years after its launch made artificial intelligence a consumer product, ChatGPT’s share of the AI assistant market has fallen below 50% for the first time. Google’s…
Getty Images Signs Multi-Year Deal With OpenAI; Shares More Than Double
SEATTLE — Two years ago, Getty Images was the plaintiff. The photo agency had sued an AI company over the use of its pictures in training data, casting itself as…
Apple Says Memory Shortage Will Push Up Prices Across iPhone, Mac and iPad
CUPERTINO — Tim Cook did not soften the message. In an interview with ABC News, the Apple chief executive said a global shortage of DRAM and NAND flash memory has…
ASML’s Order Book Runs Through 2027 as EUV Demand Outlasts the Selloff
VELDHOVEN — ASML shares touched €1,689 during trading on Tuesday, a 52-week high, before closing slightly lower as the global technology selloff dragged on the sector. The intraday record came…
Meta Pauses Employee-Tracking AI Project After Internal Data Leak
MENLO PARK — Meta has suspended an internal artificial-intelligence project that monitored employees’ mouse clicks and behavior to measure productivity, after a data leak inside the company raised privacy concerns,…
SpaceX Shares Fall Another 16.4%, Nearly Erasing Gains From Record IPO
NEW YORK — The biggest initial public offering in stock market history is having the worst first week any investor could have feared. SpaceX shares fell 16.4% on Tuesday, the…
Qualcomm in Advanced Talks to Buy AI Chip Startup Modular for About $4 Billion
SAN DIEGO — Qualcomm is in advanced talks to acquire Modular, an artificial intelligence chip startup whose software lets developers build and deploy AI models without learning the low-level details…
Apple to Close Three U.S. Stores, Including Its First Unionized Location
TOWSON, Md. — The Apple Store at Towson Town Center opened in 2001 as one of the company’s earliest retail locations, and in 2022 it became the first Apple store…
Meta Invests $900 Million in Indian Fintech Cred, Names Founder to Run WhatsApp
NEW DELHI — Meta Platforms has invested $900 million in Cred, the Indian fintech company that rewards users for paying their credit card bills, and has named the startup’s founder,…
