Nvidia to Make Server Processor, Targets Intel Profit Center Bloomberg 1 hr ago Ian King
(Bloomberg) Nvidia Corp. unveiled its first server microprocessors, extending a push into Intel Corp.’s most lucrative market with a chip aimed at handling the most complicated computing work. Intel shares fell about 4% and Nvidia jumped on the news.
Nvidia’s stock rallied further, to a gain of about 6%, after the company said first-quarter revenue “is tracking” above its previous forecast.
The graphics chipmaker has designed a central processing unit, or CPU, based on technology from Arm Ltd., a company it’s trying to acquire from Japan’s SoftBank Group Corp. The Swiss National Supercomputing Centre and U.S. Department of Energy’s Los Alamos National Laboratory will be the first to use the chips in their computers, Nvidia said Monday at an online event.
It s raining unicorns for India with 6 new startups joining the list in 4 days
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Six New Unicorns in Four Days Marks Historic Boom for India Tech
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Mexican used-car startup Kavak hits $4 billion valuation Reuters 1 hr ago
MEXICO CITY, April 7 (Reuters) - Mexican used-car platform Kavak has reached a $4 billion valuation after raising $485 million in new funding, it told Reuters this week, making the fast-expanding company one of the most highly valued startups in Latin America.
Kavak, which was founded in 2016 and is backed by Japan s SoftBank Group Corp, became Mexico s first tech unicorn last October when it reported a valuation of more than $1 billion.
The new capital injection will help Kavak, an online platform for buying and selling secondhand cars operating in Mexico and Argentina, launch in Brazil in the next couple of months, Chief Executive Carlos Garcia said.
RPT-Mexican used-car startup Kavak hits $4 billion valuation Reuters 2 hrs ago
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By Daina Beth Solomon
MEXICO CITY, April 7 (Reuters) - Mexican used-car platform Kavak has reached a $4 billion valuation after raising $485 million in new funding, it told Reuters this week, making the fast-expanding company one of the most highly valued startups in Latin America.
Kavak, which was founded in 2016 and is backed by Japan s SoftBank Group Corp, became Mexico s first tech unicorn last October when it reported a valuation of more than $1 billion.
The new capital injection will help Kavak, an online platform for buying and selling secondhand cars operating in Mexico and Argentina, launch in Brazil in the next couple of months, Chief Executive Carlos Garcia said.