High-end semiconductor manufacturing, the bedrock technology behind AI development, is a tight-knit industry. The engineering and design of advanced computer chips is dominated by American tech companies such as Nvidia and Intel. Taiwanese giant TSMC has a near-monopoly on the…
For proof that the market for initial public offerings continues to open up despite the downdraft in the market, just look at this week. Two large IPOs successfully priced last night. Centuri Holdings (CTRI), a spinoff from Southwest Gas Holdings that…
Tesla could be setting itself up for a new legal challenge over Elon Musk’s record compensation deal, a law professor at Tulane University warned. On Wednesday, the company urged investors to “restore Tesla’s stockholder democracy” by ratifying in June the 2018 vote…
Illustration of a cybercriminal using a computer. Seksan Mongkhonkhamsao | Moment | Getty Images A huge fraud website used by thousands of criminals to trick people into handing over personal information such as email addresses, passwords, and bank details, has…
Hindsight suggests that betting against JPMorgan Chase CEO Jamie Dimon isn’t the smartest idea—especially when it comes to banking. But nearly two decades ago, Microsoft co-founder Bill Gates suggested it might be time to start “bypassing” these financial institutions—and Dimon…
The facade of Norway’s central bank, also known as Norges Bank, in Oslo, Norway. Bloomberg | Bloomberg | Getty Images Norway’s giant sovereign wealth fund on Thursday reported first-quarter profit of 1.21 trillion kroner ($109.9 billion), supported by robust returns…
Alphabet Inc.’s Google has fired 28 employees after they were involved in protests against Project Nimbus, a $1.2 billion joint contract with Amazon.com Inc. to provide the Israeli government with AI and cloud services. The protests, which were led by…
The Cisco logo is on display at the Mobile World Congress in Barcelona, Spain, on February 26, 2024. Charlie Perez | Nurphoto | Getty Images Enterprise technology titan Cisco Systems on Thursday unveiled a new security architecture product aimed at…
Visitors to Disney’s California parks could one day walk through the snow-covered hamlet of Arendelle from “Frozen” or the bustling, critter-filled metropolis of “Zootopia” under a park expansion plan approved by the Anaheim City Council. Disney would spend at least $1.9…
Google terminated 28 employees Wednesday, according to an internal memo viewed by CNBC, after a series of protests against labor conditions and the company’s contract to provide the Israeli government and military with cloud computing and artificial intelligence services. The…