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Hewlett Packard confirms it will continue to sue Mike Lynch's family for $4 billion after he died in a tragic yacht sinking
Business Insider· 2024-09-03 04:25
Group 1 - Hewlett Packard (HP) will continue its lawsuit against the family of the late Mike Lynch for up to $4 billion following his death in a yacht sinking incident [1][4] - The lawsuit has been ongoing for 13 years, stemming from HP's acquisition of Lynch's company, Autonomy, in 2011, where HP accused Lynch of misrepresenting the company's value [3][4] - Angela Bacares, Lynch's wife, is expected to inherit the legal battle against HP, as the company intends to pursue the lawsuit to its conclusion [4] Group 2 - An English High Court judge ruled in 2022 that HP had substantially succeeded in its civil fraud claims against Lynch and his former vice president of finance, Stephen Chamberlain [4] - A damages hearing related to the case was held in February 2024, with a decision on damages expected to be announced soon [4] - The yacht tragedy occurred shortly after Lynch and Chamberlain were acquitted of charges related to falsifying financial documents and misleading auditors [5]
Nvidia might actually lose in this key part of the AI chip business
Business Insider· 2024-09-01 13:00
By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email.Access your favorite topics in a personalized feed while you're on the go. download the appThanks for signing up! Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewIn AI hardware circles almost everyone is talking about ...
OpenAI is the new Nvidia for investors that even Nvidia wants in on
Business Insider· 2024-08-30 01:07
OpenAI is proving once again that it's the most valuable startup in the world.The company is considering a funding round that could value it at more than $100 billion, per The Wall Street Journal.Apple, Microsoft, and Nvidia are in talks to participate, according to Bloomberg. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics ...
Apple is cutting in on Microsoft's dance with OpenAI
Business Insider· 2024-08-29 23:07
By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email.Access your favorite topics in a personalized feed while you're on the go. download the appThanks for signing up! Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewApple might be late to the artificial intelligence party ...
A Kroger exec reportedly testified that the supermarket giant raised prices of milk and eggs beyond inflation costs
Business Insider· 2024-08-29 15:25
A Kroger executive reportedly testified that the company raised milk and egg prices beyond inflation.The testimony comes amid a legal battle over Kroger's proposed $24.6 billion merger with Albertsons.The FTC is fighting to block the merger, arguing it would result in higher grocery prices for millions. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! ...
Nvidia is still on fire — but its trajectory is looking a bit more like Apple
Business Insider· 2024-08-29 13:17
By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email.Access your favorite topics in a personalized feed while you're on the go. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThis summer, investors have been fretting about the future of Nvidia.The value of the tech giant at the cen ...
Nvidia CEO Jensen Huang defends Blackwell design problems in post-earnings interview, promising 'billions' in Q4 revenues
Business Insider· 2024-08-29 01:17
Nvidia CEO Jensen Huang defended production problems in a post-earnings call interview with Bloomberg TV.The tech company beat revenue estimates but acknowledged production issues with its Blackwell chip.Huang told Bloomberg demand for Blackwell is high and will net "billions" in revenue by Q4. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access yo ...
Nvidia just showed how hard it is to be the AI king
Business Insider· 2024-08-29 01:11
Nvidia posted strong second-quarter numbers, more than doubling revenue during the same period last year.But the numbers were largely expected as tech companies continue to invest in AI.Sky-high expectations are working against Nvidia, experts told BI. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized feed w ...
Boeing is still disappointing us, says CEO of Europe's biggest airline
Business Insider· 2024-08-28 10:06
Ryanair's Michael O'Leary criticized Boeing for ongoing delivery delays of 737 Max aircraft.Boeing slowed production rates in the wake of January's Alaska Airlines blowout.O'Leary also doubted certification timelines for Boeing's 737 Max 7 and Max 10. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized feed wh ...
Apple earnings: What investors should know about recent revenues, profits
Business Insider· 2024-08-27 21:16
By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email.Access your favorite topics in a personalized feed while you're on the go. download the appThanks for signing up!Thanks for signing up! Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewApple, the tech powerhouse behind ...