Business stories featured on GGD News
Nvidia, Cisco Extend Partnership Aimed at Promoting AI
Nvidia Corp., the top provider of chips used in new artificial intelligence computers, is extending a partnership with networking-gear maker Cisco Systems Inc. in a push aimed at making it easier for corporations to deploy AI systems.
Tesla Market Value Slips Below $1 Trillion as Europe Sales Sink
A quick unwind in the shares of Tesla Inc. pushed the electric-vehicle maker’s market capitalization below the coveted $1 trillion-mark on Tuesday, amid reports of a stark slowdown in car sales in Europe.
Trump Team Seeks to Toughen Biden’s Chip Controls Over China
Donald Trump’s administration is sketching out tougher versions of US semiconductor curbs and pressuring key allies to escalate their restrictions on China’s chip industry, an early indication the new US president plans to expand efforts that began under Joe Biden to limit Beijing’s technological prowess.
European Tech Sector Sees Unexpected Rebound on AI Windfall
European technology giants are exceeding expectations this quarter, joining financial and health-care companies as one of the reporting season’s best-performing segments.
Apple Abandons Budget Smartphone Market With the iPhone 16e
Last week, Apple introduced the long-awaited successor to the iPhone SE: the iPhone 16e. In doing so, it all but abandoned the budget smartphone market. Also: The company prepares to launch the M4 MacBook Air and confirms that Apple Intelligence is coming to the Vision Pro. Plus, startup Humane sells itself to HP and shuts down the Ai Pin, and we have an inside look at Apple’s plan to merge its new modem component with the main chips in its devices.
Bangladesh Leader Invites Musk to Visit, Launch Starlink Service
Bangladesh’s interim leader, Muhammad Yunus, invited SpaceX Chief Executive Officer Elon Musk to visit the country and launch his Starlink satellite internet service there.
WiseTech Board Quits as Founder Wins Power Struggle
WiseTech Global Ltd.’s founder and largest shareholder Richard White appears to have triumphed in a high-level power dispute after almost every board member quit in a disagreement over the billionaire’s role at the company. The shares slumped.
Ahimsa Acquires Vegan Brand Blackbird Foods
Ahimsa Companies, a plant-based investment firm, has announced its acquisition of Blackbird Foods, a New York-based vegan brand known for its artisanal frozen pizzas and seitan products available at retailers like Whole Foods, Sprouts, and Target.
The Honda-Nissan Merger Is Dead—Or Is It?
For months, rumors of a potential Honda-Nissan merger fueled speculation about a major shift in the Japanese auto industry. If successful, the deal would have created the third-largest carmaker in the world, helping both companies strengthen their positions in the rapidly evolving electric vehicle (EV) and autonomous driving industries.
Intel Shares Surge on Breakup Speculation
Intel Corp. gained as much as 11% on speculation that the iconic chipmaker could be broken up in a deal involving Taiwan Semiconductor Manufacturing Co. and Broadcom Inc.