Chinese large language model developer DeepSeek is reportedly preparing for an initial public offering later this year or in 2027, according to Yahoo Finance Technology Editor Dan Howley.…
The AI memory shortage has driven smartphone shipments to a 13-year low, according to Yahoo Finance Technology Editor Dan Howley.…
Startup Lyzr.ai used an AI agent to help raise $100 million in its latest funding round, CEO Siva Surendira told Market Domination, explaining how agentic AI aids workflow automation while also noting…
GraniteShares launched new leveraged ETFs tracking SK Hynix, the AI memory chip giant, CEO Will Rhind told Yahoo Finance's Market Domination Overtime. The funds offer investors amplified exposure to t…
Federal Reserve Chair Kevin Warsh testified before a House hearing that the Fed does not want to be in the bailout business, rejecting cryptocurrency bailouts while committing to fighting sticky infla…
Wall Street's biggest banks reported collective profits of $49 billion in Q2, up 39% year over year, driven by an AI boom that fueled record equity trading and underwriting fees. Goldman Sachs CEO Dav…
China recorded a record $412 billion in exports in June, driven by the AI semiconductor and automotive industries, according to Yahoo Finance Breaking News Reporter Jake Conley.…
Meta Platforms Inc. stock has climbed 23% off its late-June lows, driven by improved sentiment around its AI strategy and signs of an AI product cycle, according to JPMorgan analyst Doug Anmuth. The r…
New York Governor Kathy Hochul (D) will announce a one-year moratorium on state environmental permits for new hyperscale data centers using 50 megawatts or more of power, making New York the first sta…
U.S. Commerce Department official Jeffrey Kessler said at a hearing on Tuesday that regulatory action on artificial intelligence and semiconductors is coming, noting the Trump administration does not …
IBM stock plunged more than 25% on Tuesday after the company preannounced Q2 earnings that missed Wall Street estimates, with adjusted EPS of $2.93 on revenue of $17.2 billion versus analyst expectati…
Meta Platforms is expanding its Louisiana data center project to 5 gigawatts of compute capacity, signaling a major push into AI infrastructure. Yahoo Finance Tech Editor Dan Howley reports the expans…
A top U.S. official told Congress on Tuesday that shipments of Nvidia H200 chips to China and Hong Kong have begun but remain "very few." Jeffrey Kessler, under secretary of commerce for industry and …
A unit of ZTE Corp and two other Chinese firms have received U.S. approval to purchase Nvidia's H200 AI chips, according to documents and sources. ZTE Kangxun Telecom and server maker Maginfra were pe…
Twenty-six former employees of Meta Platforms have filed a lawsuit accusing the company of using AI-powered software that disproportionately targeted people with disabilities or those who took medical…
Mike Rowe, host of 'Dirty Jobs' and founder of the MikeroweWORKS Foundation, said Gen Z electricians at AI data centers in Plano, Texas, are earning $240,000 to $280,000 a year with no debt and freque…
International Business Machines Corp. shares plunged as much as 25% in premarket trading after reporting preliminary second-quarter revenue of $17.2 billion, missing the $17.9 billion analyst estimate…
Apple's lawsuit against OpenAI and io Products over alleged trade secret theft signals the iPhone maker's belief that AI-powered devices are critical to its future, according to Deepwater Asset Manage…
Goldman Sachs reported a 78% surge in second-quarter profits to $6.6 billion, or $21 per share, far exceeding analyst expectations of $14.50 per share, driven by a 72% jump in equities trading revenue…
SoftBank Group CEO Masayoshi Son said Tuesday that concerns about an artificial intelligence investment bubble are absurd, estimating that nearly $5 trillion in annual global investment is needed to m…