Employees, sources, and experts describe a crisis at Alibaba, as the company struggles to chart a new course and an ambitious restructuring didn't go as planned
Once Asia's most valuable company, the group has fallen behind rivals amid a chaotic restructuring X: @adam_tooze X: Adam Tooze / @adam_tooze : “It is the worst of both worlds. Even large profitable t...
Sources: Saudi Arabia bought 3,000+ Nvidia H100 GPUs and the UAE purchased thousands of Nvidia GPUs; Nvidia expects to ship ~550K H100 GPUs globally in 2023
it's the $40,000 chip that has sparked a frenzied spending spree Rob Thubron / TechSpot : Saudi Arabia and UAE invest in thousands of Nvidia chips, aiming to become global AI powerhouses Alex Heath / ...
As ASML reaches a ~€275B market cap, twice that of Intel, a look at the fundamental limits on making ever-smaller chips, which could finally end Moore's Law
For decades, ever-tinier semiconductors have allowed huge leaps in computing progress. Not for much longer, warn experts Bluesky: @revan.bsky.social . Tweets: @jasoncosta , @adam_tooze , @graphcoreai...
The EU issues Meta a record €1.2B GDPR fine for sending European user data to the US and orders stopping the transfers and unlawful processing within six months
but only for 15 minutes European Data Protection Board : Binding Decision 1/2023 on the dispute submitted by the Irish SA on data transfers by Meta Platforms Ireland Limited for its Facebook service (...
The FDIC and California regulators say JPMorgan Chase plans to acquire most of First Republic Bank, which was a tad bigger than SVB and had $100B+ in outflows
now JPMorgan Chase's — uninsured depositors is Sen. Dianne Feinstein who, according to her latest financial disclosure, had between $1,000,001 and $5,000,000 in a First Republic account. Last week, a ...
The US government's entity list also targets newer Chinese chip companies, including PXW, which are more vulnerable than established players like Huawei
Financial Times : Tweets: @noahpinion , @adam_tooze , @pstasiatech , and @dnystedt Tweets: Noah Smith / @noahpinion : The economic war intensifies https://twitter.com/... Adam Tooze / @adam_tooze : “...
Experts say the chip market is facing an “inventory correction”, which could be the worst downturn in a decade, as the global economy weakens and demand fades
Even in an industry famous for its roller-coaster cycles, chipmakers are bracing for a particularly severe shift in coming months … Tweets: @pelstrom , @shiraovide , @pelstrom , @pelstrom , @ru_unforg...
China's tech crackdown, combined with a macroeconomic slowdown, has led to mass job cuts at its tech giants and record youth unemployment
Becky Sun has submitted her CV to 80 companies since being dismissed from a midsized Beijing internet group at the start of the year. Tweets: @rwmcmorrow and @adam_tooze Tweets: Ryan McMorrow / @rwmcm...