Chip stocks around the world sold off sharply on Tuesday, the latest chapter in the months long jitters surrounding artificial intelligence, memory and chip stocks. The sell off briefly pushed the Nasdaq-100 index into correction territory, which is a drop of 10% or more from its most recent record high. The influential index tracks the … Read more
China on the AI march: AI giants sound alarm Bridget Bean, former CISA executive director, warns that China is rapidly closing the A.I. gap, raising concerns about its ‘dystopian’ models and cyber-biological weapon risks. She stresses the importance of U.S. innovation and protecting advanced chip technology to maintain global leadership. NEWYou can now listen to … Read more
Chip sector losses drag markets lower – CBS News Watch CBS News The semiconductor industry experienced losses for its third day on Friday, dragging markets even lower. CBS News contributor Javier David has more. Source link
HONG KONG — Asian shares mostly declined Thursday on heavy selling of computer chip stocks, while U.S. futures were little changed after modest losses on Wall Street. Oil prices fell after negotiators from the U.S. and Iran met separately with mediators from Qatar and Pakistan on Wednesday, as traders eyed developments in achieving a permanent … Read more
Apple and Microsoft announced they’re hiking prices for some electronic products, including computers and XBOX consoles, citing a shortage of memory chips. CNET editor-at-large Scott Stein weighs in. Source link
Apple on Thursday said it is raising prices on MacBooks and iPads, blaming AI-driven demand for memory and storage that has sharply increased component costs. “We have never seen a component price increase this much, this quickly,” the company said in a statement shared with CBS News. “We have shielded our customers from these increases … Read more
Markets tumbled around the world on Tuesday, as renewed doubts about sky-high valuations appeared to take hold of investors in some of the largest AI, chip and memory stocks. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. The deepening sell-off in technology stocks was led by artificial intelligence … Read more
A Micron plant in New York is years behind schedule for all the reasons you’d expect. Source link
A group of companies that specialize in tracking international shipments of sensitive technologies is backing a Capitol Hill bill that would require America’s most powerful AI chips to incorporate stronger security mechanisms aimed at preventing the chips from reaching China and other adversaries. Subscribe to read this story ad-free Get unlimited access to ad-free articles … Read more
NEWYou can now listen to Fox News articles! Republican Rep. Chip Roy of Texas has fielded a proposal to cut off pay and power from House and Senate lawmakers once they’ve served 12 years in their respective legislative chamber. “A Member of Congress (including a Delegate or Resident Commissioner to the Congress) who has served … Read more