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Bloomberg94d agoneutral
Uber Plans $49 Shuttle for New York-New Jersey World Cup Matches

(Bloomberg) -- Uber Technologies Inc. will offer a new ride-sharing service for the FIFA World Cup tournament, shuttling fans home for less than $50 each. Most Read from BloombergSingapore Hands Byju's Founder His First Ever Jail TermApple to Overhaul iOS 27 Siri, AI Features: Here's a First PeekCVS Returns Zepbound to Drug Plans After Lilly Slashes PriceUS, Iran Agree to 60-Day Truce Renewal Pending Trump SignoffSpaceX Said to Cut IPO Valuation Goal to at Least $1.8 TrillionThose attending game

Mark Cuban Sold Bitcoin—Strategy CEO Says He Simply Found The 'Next Best Thing'
Benzinga94d agoneutral
Mark Cuban Sold Bitcoin—Strategy CEO Says He Simply Found The 'Next Best Thing'

Strategy Inc. (NASDAQ:MSTR) CEO Phong Le pointed out the differing strategies between traders and long-term investors on Thursday, responding to Mark Cuban's recent decision to sell his Bitcoin (CRYPTO: BTC). Jumping To The ‘Next Thing’ During a Fox Business interview, Le was asked about the billionaire investor’s move, which surprised many in the cryptocurrency community. After all, Cuban is the same person who once aggressively endorsed Bitcoin as a hedge against inflation, only to sell “most”

In China, AMD CEO Lisa Su is understated while Nvidia's Huang is more razzmatazz
Reuters94d agoneutral
In China, AMD CEO Lisa Su is understated while Nvidia's Huang is more razzmatazz

When AMD CEO Lisa Su arrived in China last week just days after Nvidia's CEO left, she kept a much lower ‌profile than Jensen Huang, who drew crowds in the centre of the capital as he posed for photos and ate local delicacies like Beijing-style soybean paste noodles. Just a year ago at the annual Computex trade show in Taipei, Huang ​said Nvidia's market share in China had dropped to 50% from 95% due to U.S. export controls. Since then, that has effectively fallen to zero, he said this year, amid Beijing's push for self-reliance in advanced AI chips.

Dell rallies about 40% on strong Nvidia‑powered AI server demand
Reuters94d agobullish
Dell rallies about 40% on strong Nvidia‑powered AI server demand

Shares of Dell Technologies soared nearly 40% in premarket trading on Friday, after robust demand for its Nvidia-powered ‌AI servers prompted the company to raise its annual revenue ‌and profit forecasts. Dell has benefited significantly from data center investments by Alphabet and Amazon, as well as price increases and improved supply chain management. On Thursday, Dell ‌raised its annual revenue forecast ⁠to $165 billion to $169 billion from $138 billion to $142 billion, and said it now expects AI server revenue of about $60 ⁠billion in fiscal 2027, up from $50 billion.

Key Themes to Watch at Asia’s Biggest AI Tech Show
Bloomberg94d agoneutral
Key Themes to Watch at Asia’s Biggest AI Tech Show

(Bloomberg) -- Nvidia Corp.’s Jensen Huang leads a parade of AI computing leaders in Taiwan for Asia’s biggest technology showcase, Computex. Over a jam-packed week, the hardware linchpins of the post-ChatGPT era will debate the most pressing issues facing their industry, from growing bottlenecks in the supply of essential components like memory chips to the rise of challengers to Nvidia at the apex of the semiconductor hierarchy.Most Read from BloombergSingapore Hands Byju's Founder His First E

War and AI Demand Break China’s Record of Falling Export Prices
Bloomberg94d agobearish
War and AI Demand Break China’s Record of Falling Export Prices

(Bloomberg) -- China’s export prices jumped at their fastest rate in three years, as a global surge in energy costs and an AI boom broke a long streak of falling prices.Most Read from BloombergSingapore Hands Byju's Founder His First Ever Jail TermApple to Overhaul iOS 27 Siri, AI Features: Here's a First PeekCVS Returns Zepbound to Drug Plans After Lilly Slashes PriceUS, Iran Agree to 60-Day Truce Renewal Pending Trump SignoffIran’s Khamenei Says No Going Back for Middle East Rocked by WarOffic

At Computex, Nvidia and Taiwan's expanding role in AI infrastructure set to take centre stage
Reuters94d agoneutral
At Computex, Nvidia and Taiwan's expanding role in AI infrastructure set to take centre stage

TAIPEI, May 29 (Reuters) - At Taiwan's annual Computex trade show next week, the spotlight is likely to be dominated, as usual, by Nvidia and its products, but also by the island's central and growing role in AI infrastructure. Nvidia CEO Jensen ‌Huang, arriving in Taipei more than a week ahead of the show, more than made that point when he said on ‌Wednesday that his company would spend as much as $150 billion a year in Taiwan, which he called the epicentre of the AI revolution.