When it comes to artificial intelligence (AI), chipmaker Nvidia (NVDA 4.16%) is the reigning champ. The company's focus has evolved in recent years, pivoting from rendering lifelike images in video games to providing the computational horsepower needed to advance AI.The next generation of the AI revolution is upon us, as agentic AI and robotics promise to consume even more resources as models and systems become increasingly complex and power-hungry. Thus far, Nvidia's graphics processing units (GPUs) have b ...

Uber is teaming with autonomous mobility companies Pony.ai and Verne to launch Europe’s first commercial robotaxi service.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.The project is slated to get underway soon i ...

US stock futures climbed on Wednesday as investors weighed reports that the US has approached Iran with a plan to halt fighting, raising cautious hopes for an easing in a war that has roiled markets. Contracts on the S&P 500 (ES=F) and Dow Jones Industrial Average (YM=F) rose 0.8%. Meanwhile, Nasdaq 100 futures (NQ=F) jumped 1% on the heels of a day of losses for Wall Street stocks. Oil prices retreated over 5%, continuing a wild ride as markets tracked Iran-related developments. West Texas Intermediate ...

US stock futures climbed on Wednesday as investors weighed reports that the US has approached Iran with a plan to halt fighting, raising cautious hopes for an easing in a war that has roiled markets. Contracts on the S&P 500 (ES=F) and Dow Jones Industrial Average (YM=F) rose 0.8%. Meanwhile, Nasdaq 100 futures (NQ=F) jumped 1% on the heels of a day of losses for Wall Street stocks. Oil prices retreated over 5%, continuing a wild ride as markets tracked Iran-related developments. West Texas Intermediate ...

OpenAI is pulling the plug on the Sora app — at least in the current form. The company confirmed it will discontinue Sora as a consumer app and API, marking a sharp pivot away from one of its splashiest generative video experiments."We've decided to discontinue Sora in the consumer app and API," an OpenAI spokesperson told Business Insider in a statement. "As we focus and compute demand grows, the Sora research team continues to focus on world simulation research to advance robotics that will help people s ...

By Dawn Chmielewski and Deepa Seetharaman March 24 (Reuters) - On Monday evening, Walt Disney Co and OpenAI teams were working together on a project linked to Sora, OpenAI's AI video tool. Just 30 minutes after that meeting, the Disney team was blindsided with word ‌that OpenAI was dropping the tool altogether, a person familiar with the matter said. OpenAI announced the move publicly on Tuesday. "It was a ‌big rug-pull," according to the person, who requested anonymity to discuss the matter. The mov ...

Chips with designs by Arm are inside nearly every smartphone. Apple Computer, Nvidia Server Rack, Amazon, Google, and Microsoft Data Center. Now, Arm's going to compete with most of these mega customers, too, joining their ranks as a fabless chip company because it's now in a whole new business making physical silicon.It was really designed for the AGI era and that it's been incredibly low power. It's incredibly high performance, and it's sort of ruthlessly optimized. This is Arm's new in-house central proc ...

Business leaders are split on if AI will trigger a jobs armageddon or usher in “super interesting” gigs of the future. And Uber cofounder Travis Kalanick believes the veil is finally lifting on the reality of tech-driven workplace disruption: there’s “another side” to the story, where human employees are more powerful than ever before. “Until we get super [artificial general intelligence], humans are valuable,” Kalanick said recently on the TBPN podcast. “And they are going to become more and more valua ...

By Juby Babu March 18 (Reuters) - Micron Technology forecast third-quarter revenue above Wall Street expectations after posting a sharp jump in the second quarter on booming demand ‌for memory chips used in artificial intelligence systems, while tighter supply drove record ‌earnings. But its shares fell 5% in extended trading on Wednesday after Micron said it was boosting its 2026 capital ​spending plan by $5 billion to keep up with the rising demand. The company aims to spend more than $25 billion th ...

Core Insights - Micron Technology exceeded Wall Street expectations for its second-quarter revenue, driven by increased demand for memory chips used in artificial intelligence hardware [1][3] - The company is one of only three major suppliers of high bandwidth memory (HBM) chips, essential for AI technology, alongside Samsung and SK Hynix [2] Financial Performance - Micron reported a quarterly revenue of $23.86 billion, surpassing the estimate of $20.07 billion [3] - The company forecasts third-quarter revenue between $33.5 billion, plus or minus $750 million, significantly higher than analysts' average estimate of $24.29 billion [3] - The board approved a 30% increase in the quarterly dividend [3]