Emily Bary of MarketWatch reports that Amazon’s ‘building blocks’ and cost-effective AI chips are among its strengths, according to the company's CEO, Andy Jassy, in Amazon's annual shareholder letter. Bary writes: It’s no surprise that artificial intelligence got a prominent mention in Amazon Chief Executive Andy Jassy’s lengthy annual shareholder letter that came out Thursday morning. In it, Jassy called out the ways the company’s Amazon Web Services cloud-computing busin ess is helping to fuel the AI revolution, specifically around generative AI — the technology popularized by … [Read more...]
The Future of AI in Retail
The Robin Report's Shelley Cohan and Robin Lewis interview Greg Petro, CEO of First Insight on the Retail Unwrapped podcast, and Ramona Dunlap a professor at FIT Business Management, to discuss artificial intelligence (AI) and its effects on the retail industry. Watch: … [Read more...]
Nvidia Partner Bets $4 Billion on Chip Packaging Plant in U.S.
Jiyoung Sohn and John Keilman of The Wall Street Journal report that Nvidia partner SK Hynix is betting $3.9 billion on the Midwest’s chip-making potential. They write: South Korea’s SK Hynix said it plans to invest $3.9 billion in an advanced chip-packaging facility in West Lafayette, Ind., the latest win for Midwestern states seeking a bigger piece of America’s burgeoning semiconductor industry. The planned plant is set to mass-produce high-bandwidth memory, or HBM, a critical component to artificial-intelligence computing, SK Hynix said Wednesday. The facility, which will also host … [Read more...]
Earthquake Tests World’s Chip-Making Hub
Yang Jie of The Wall Street Journal tells his readers about how a Taiwan earthquake tested the readiness of the world's chip-making hub. Jie writes: The world’s most important semiconductor-manufacturing hub is also one of the world’s biggest earthquake hot spots, and it was put to the test Wednesday after a powerful quake. Taiwan Semiconductor Manufacturing—which makes chips for customers such as Apple and occupies a critical place in the global electronics supply chain—has prepared for years for a quake, drawing on lessons from a 2011 disaster in Japan among others. TSMC briefly … [Read more...]
U.S. Electrical Grid: Is America Being Set Up for Failure?
Sarah Shinton of IndustryWeek tells her readers that advanced semiconductor equipment requires ten times more power, and the U.S. grid is not up to the task. She writes: In 2022, the White House signed the CHIPS and Science Act into law, a bipartisan effort to increase domestic advanced semiconductor manufacturing. The legislation made a historic $52 billion investment in American semiconductor research, manufacturing and workforce development. Over a year later, new projects are facing construction delays and permitting issues, raising concerns over efforts to expand domestic … [Read more...]
EU Targets First Probes With New Digital Law
Samuel Stolton of Bloomberg tells his readers that Apple, Google, and Meta are being probed by the EU in a test of the Digital Markets Act. He writes: Apple Inc., Alphabet Inc.’s Google and Meta Platforms Inc. face the risk of potentially hefty fines as the European Union opened a full-blown investigation into the firms’ compliance with strict new laws reining in the power of Big Tech. The European Commission said Monday that Apple and Google’s app store rules will be targeted in the first probes under the bloc’s Digital Markets Act, how Google search results might unfairly preference its … [Read more...]
FTC Opens Landmark Lawsuit Against Apple
Stefania Palma and Michael Acton of the Financial Times report that a landmark lawsuit by the FTC against Apple is the first big antitrust action against the iPhone maker. They write: The US is suing Apple for allegedly using its power in the smartphone sector to quash competition from rivals and limit consumer choice, in the latest broadside against the dominant Big Tech companies from Joe Biden’s administration. The move comes as Apple faces pressure from regulators, courts and rivals around the world over the way it runs the iPhone, putting its $85bn a year services revenue at risk. … [Read more...]
Detroit’s Electric Avenue – A Six Million Dollar Road of the Future
Danny Lewis of The Wall Street Journal tells his readers about a real-life electric avenue, a quarter-mile stretch worth six million dollars. Who knew forty-plus years later that Eddy Grant's song, "Electric Avenue," would have a whole new meaning? Lewis writes: Imagine driving an electric vehicle on a highway that recharges your battery as you travel. Stefan Tongur has been hoping to make this futuristic tech a reality since 2010, when he was working on his doctorate at Sweden’s KTH Royal Institute of Technology in Stockholm. In 2019, he joined Electreon, an Israeli startup that aims to … [Read more...]
U.S. Government Awards Largest Grant in CHIPS Act
Asa Fitch and Annie Linskey of The Wall Street Journal tell their readers that the government's $8.5 billion dollar grant awarded to Intel is the largest yet to come from the $53 billion Chips Act. They write: The U.S. government is granting Intel up to $8.5 billion to help fund new chip plants in four states, the largest award yet in an effort to revive American chip-making overseen by the Biden administration. The money will go toward new factories and expansion projects in Arizona, New Mexico, Ohio and Oregon, the Commerce Department said. Intel’s total investment in U.S. projects in … [Read more...]
Blackwell Superchip: The Key to the Next Stage of AI
Jane Lanhee Lee of Bloomberg reports on why Nvidia believes its new Blackwell Chip is key to the next stage of AI. Lee writes: Nvidia Corp. unveiled its most powerful chip architecture at the annual GPU Technology Conference, dubbed Woodstock for AI by some analysts. Chief Executive Officer Jensen Huang took the stage to show off the new Blackwell computing platform, headlined by the B200 chip, a 208-billion-transistor powerhouse that exceeds the performance of Nvidia’s already class-leading AI accelerators. The chip promises to extend Nvidia’s lead on rivals at a time when major businesses … [Read more...]
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