Page 7 - Maxa Cherney News Today

Facebook owner Meta Platforms plans to deploy into its data centers this year a new version of a custom chip aimed at supporting its artificial intelligence (AI) push, according to an internal company document seen by Reuters on Thursday. The chip, a second generation of an in-house silicon line Meta announced last year, could help to reduce Meta's dependence on the Nvidia chips that dominate the market and control the spiraling costs associated with running AI workloads as it races to laun...

(Reuters) -Apple on Thursday forecast a drop in iPhone sales and targeted overall revenue $6 billion below Wall Street expectations as its China business took a hit. This overshadowed overall fiscal first-quarter sales and profit that beat analysts' targets, powered by iPhone growth, sending Apple shares down 3% in after-hours trade. "China is the most competitive smartphone market in the world, and that hasn't changed," Apple CEO Tim Cook told Reuters in an interview.

Apple on Thursday reported sales and profit that beat Wall Street estimates, powered by growth in its iPhone business. But China sales missed analysts targets. The 2% rise in overall...

Large and small businesses are looking for alternatives to the advanced AI chips produced by Nvidia, which commands roughly 80% market share. AMD has one of the few viable alternative products in the market.

Qualcomm on Wednesday forecast fiscal second-quarter profit slightly above Wall Street estimates and sales in line with market expectations, as a new line of AI-enabled chips helps power it out of...

(Reuters) -Qualcomm on Wednesday forecast fiscal second-quarter profit slightly above Wall Street estimates and sales in line with market expectations but investors were concerned about the chip maker's Android sales in China. The sales outlook reflects interest in new Qualcomm chips with features designed to help run chatbots, image generators and other artificial-intelligence features directly on a device instead of in cloud computing data centers. Qualcomm executives told analysts on a...

In an interview, Chief Executive Officer Pat Gelsinger said that the companys core businesses of PCs and servers were hitting seasonal low demand at the same time as noncore businesses such as auto chip firm Mobileye. Intel no longer gives full-year financial forecasts, but Gelsinger said the company has $2 billion worth of orders for its AI chips and expects better sales later in the year.

The cloud computing arm of Alphabet Inc said on Thursday it had formed a partnership with startup Hugging Face to ease artificial intelligence software development in the companys Google Cloud. ...

(Reuters) -Intel on Thursday forecast revenue for the first quarter that could miss market estimates by more than $2 billion, as it grapples with uncertain demand for its chips used in the traditional server and personal computer markets. Intel forecast first-quarter profit of 13 cents a share, excluding one-time items. In an interview, Chief Executive Officer Pat Gelsinger said that the company's core businesses of PCs and servers were hitting seasonal low demand at the same time as nonc...

(Reuters) -Intel on Thursday forecast revenue for the first quarter that could miss market estimates by more than $2 billion, as it grapples with uncertain demand for its chips used in the traditional server and personal computer markets. Intel forecast first-quarter profit of 13 cents a share, excluding one-time items. In an interview, Chief Executive Officer Pat Gelsinger said that the company's core businesses of PCs and servers were hitting seasonal low demand at the same time as noncor...