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☆ Morgan Stanley says this flying car stock can surge nearly 60%
▼ + stars: | 2024-05-06 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Morgan Stanley says EHang , a maker of flying cars, is poised to be a leading player as eVTOL , or electric vertical take-off and landing vehicles, become more commercial. The Wall Street investment bank began research coverage of the EHang stock with an overweight rating and a $27.50 per share price target, implying more than 58% upside from Friday's $17.38 close. EHang stock has risen roughly 3.4% in 2024 through Friday, and is up almost another 6% in early trading Monday. EH YTD mountain EHang stock. "This represents a substantial emerging market, and EHang (EH), as a market bellwether with first-mover advantage, is poised to capture significant growth potential, in our view," the analyst said.

Persons: Morgan Stanley, EHang, Cindy Huang, Huang, — CNBC's Michael Bloom Organizations: Civil Aviation Administration, China Locations: China

☆ Zuck just revealed the secret ingredient in his bromance with Jensen Huang
▼ + stars: | 2024-04-19 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Mark Zuckerberg talked about his budding friendship with Jensen Huang in a new podcast. Related stories"He and I, at this point, are the longest-standing tech founders of Big Tech companies," Zuck said. Zuck wrote in a comment: "He's like Taylor Swift, but for tech." Jensen Huang is the clear leader of the tech industry in this regard." Representatives for Zuckerberg at Meta and Huang and Nvidia did not immediately respond to requests for comment from Business Insider, made outside normal working hours.

Persons: Mark Zuckerberg, Jensen Huang, cheesesteaks, Huang, Time100, —, Jensen, Roberto Nickson, Zuck, Elon Musk, Zuckerberg, they'd, Taylor Swift, Zuck's, we've, I'm Organizations: Nvidia, Meta, Service, Big Tech, Bloomberg, Elon, Facebook, Business

☆ Tesla is headed to trial over deadly 2018 Autopilot crash
▼ + stars: | 2024-04-08 | by ( Natalie Musumeci | Grace Kay | ) www.businessinsider.com time to read: +9 min

Tesla is going to trial over a wrongful-death lawsuit brought by the family of Walter Huang. The family alleges that flaws in Tesla's Autopilot system caused the 2018 crash that killed Huang. Walter Huang's Tesla Model X crashed in March 2018 in Mountain View, California. Days after the fatal crash, Tesla said in a blog post that Huang "received several visual and one audible hands-on warning earlier in the drive." Tesla also wants to call the engineer to testify during the trial, but Huang's family opposes it.

Persons: Tesla, Walter Huang, Huang, —, Bryant Walker Smith, who's, Smith, who've, Mark Fong, Walter Huang's Tesla, inattention, Huang Tesla, Tesla didn't, Getty Tesla Organizations: Service, Apple, Elon, Court, University of South, Tesla, Associated Press, NTSB, National Transportation Safety Board, Business, Chicago Tribune, Getty, National, Traffic, Administration Locations: California, California's Santa Clara, University of South Carolina, View, Huang's, Mountain View , California

☆ Tesla settles lawsuit over crash that killed Apple engineer driving in Autopilot mode
▼ + stars: | 2024-04-08 | by ( Kelsey Vlamis | Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +2 min

Tesla settled a wrongful-death lawsuit related to a fatal 2018 crash . Walter Huang's family sued after the Apple engineer died when his Tesla was in Autopilot mode. AdvertisementTesla settled a wrongful-death lawsuit brought by the family of an Apple engineer who died when his Tesla crashed while in Autopilot mode, according to court records viewed by Business Insider. "The Huang family wants to help prevent this tragedy from happening to other drivers using Tesla vehicles or any semi-autonomous vehicles." AdvertisementRepresentatives for Tesla and the Huang family did not immediately respond to requests for comment from Business Insider.

Persons: Tesla, Walter Huang's, —, Walter Huang, Huang, Mark Fong, Bryant Walker Smith Organizations: Apple, Service, Business, Court, The Washington Post, University of South Locations: California's Santa Clara, The, University of South Carolina

☆ Tesla Settles Lawsuit Over a Fatal Crash Involving Autopilot
▼ + stars: | 2024-04-08 | by ( Jack Ewing | ) www.nytimes.com time to read: +1 min

Tesla on Monday settled a lawsuit that blamed the automaker’s driver-assistance software for the death of a California man in 2018, averting a trial that would have focused attention on the company’s technology several months before it plans to unveil a self-driving taxi. The trial stemming from the death of Wei Lun Huang, an Apple software engineer who went by Walter, was scheduled to start Monday with jury selection. The case was one of the most prominent involving Tesla’s Autopilot software, attracting significant public attention and prompting an investigation by the National Transportation Safety Board. Terms of the settlement with Mr. Huang’s children and other members of his family were not disclosed, and Tesla filed court documents seeking to prevent them from being made public. Testimony in the trial would have put Tesla’s autonomous driving software under close scrutiny, further fueling a debate about whether the technology makes cars safer or exposes drivers and others to serious injury or death.

Persons: Tesla, Wei Lun Huang, Walter Organizations: Apple, National Transportation Safety Locations: California

☆ Tesla heads to court after Apple engineer’s family says Autopilot caused his fatal crash
▼ + stars: | 2024-04-08 | by ( David Goldman | ) edition.cnn.com time to read: +4 min

But Huang’s family said Tesla oversold its Autopilot technology’s capabilities, and that it is not as safe to use as advertised. Tesla has come under intense scrutiny for its Autopilot technology over the six years since Huang’s fatal crash. That didn’t happen in the case of Huang’s crash, Tesla has said. Although Huang’s family acknowledges he was distracted while the car was driving, they argue Tesla is at fault because it falsely marketed Autopilot as self-driving software. If the jury finds in favor of Huang’s family, Tesla could have to pay damages, and they could add up quickly.

Persons: New York CNN — Tesla, Tesla, Walter Huang, Elon Musk, Huang, Huang’s, Mrs, ”, Mark Fong, Musk, “ Organizations: New, New York CNN, Apple, National Transportation Safety, Traffic Safety Administration, NHTSA Locations: New York, Silicon Valley, United States, California

☆ Major driver of the AI trade takes a breather. But Nvidia's business is still full steam ahead
▼ + stars: | 2024-04-05 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

The major force behind this year's AI trade has cooled off in recent weeks. "For three decades we've pursued accelerated computing, with the goal of enabling transformative breakthroughs like deep learning and AI," Huang said at GTC. So, as the benefits of AI trickle through the "AI supply chain," look for the benefits of AI to spread and earnings to grow as a result. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: Jensen Huang, Huang, we've, It's, Jim Cramer, Nvidia –, We're, hyperscaler, Jack, McDonald's, Jim, That's, Jim Cramer's, Justin Sullivan Organizations: Nvidia, GTC, Blackwell, Apple, Microsoft, Alphabet's Google, Google, Club, Web Services, Super, CNBC, Intelligence, SAP Center Locations: U.S, China, San Jose , California

☆ Tesla is trying to get an Apple engineer to testify in its defense at its fatal Autopilot crash trial
▼ + stars: | 2024-04-05 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +4 min

Tesla is being sued by the family of an Apple engineer who died in 2018 after his Model X crashed. Tesla plans to argue that the Apple engineer was distracted on his phone as the case goes to trial. AdvertisementNow, less than a week before the case is set to go to trial on April 8, Tesla introduced the sworn statement from an Apple employee. They are also seeking to call the Apple employee as a witness in the trial, but attorneys for Huang's family are pushing back. Following Harding's more recent sworn statement, attorneys for the Huang family subpoenaed Apple to acquire more information about Harding's testimony.

Persons: Tesla, —, Wei, Walter, Huang, Huang's, James Harding, Apple, Harding Organizations: Apple, Service, Business, National Transportation Safety Board, NTSB

☆ Nvidia CEO: Smart, successful people struggle with these 2 traits—but they kept my $2 trillion company from collapsing
▼ + stars: | 2024-03-30 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

But in 1996, it was three years old, facing layoffs and close to going out of business as a contract with a major partner — video game company Sega — fell apart. As part of the Sega contract, Nvidia needed to make chips for rendering 3D graphics on gaming consoles, Huang explained. Worse, during that period, Microsoft rolled out its DirectX software interface, which became a standard for gaming platforms — and it wasn't compatible with Nvidia's chips. Sega bought out its Nvidia contract, and used chips from Imagine Technologies' PowerVR for its Dreamcast consoles. It wasn't easy to admit Nvidia's mistake and humbly ask a client for understanding, Huang said: "These traits are the hardest for the brightest and most successful, like yourself."

Persons: It's, Jensen Huang, Sega —, Huang, — Organizations: Nvidia, Sega, National Taiwan University, Microsoft, Windows, Imagine Technologies, Dreamcast, CNBC

☆ A glut of cheap Chinese goods is flooding the world and stoking trade tensions
▼ + stars: | 2024-03-28 | by ( Hanna Ziady | Laura He | ) edition.cnn.com time to read: +8 min

The oversupply of Chinese goods in key industries is stoking tensions between the world’s biggest manufacturer and its major trading partners, including the United States and the European Union. From clothes to carsChina’s exports of low-priced goods got a boost after it joined the World Trade Organization (WTO) in 2001. “What China exports is advanced production capacity that meets the needs of foreign customers,” Xinhua News Agency wrote. US President Joe Biden recently pledged to investigate whether imports of Chinese vehicles pose a national security threat. “But perhaps more importantly, persistent oversupply and low prices of Chinese goods will add to geopolitical tensions and keep the threat of tariffs and counter-tariffs alive,” she wrote in a recent note.

Persons: Hong Kong CNN —, ” Jens Eskelund, Xi Jinping, Huang Jingwen, ” Eskelund, Brad W, ” Markus W, Voigt, China’s BYD, Warren Buffett, Setser, Li Qiang, “, ”, Joe Biden, Jennifer McKeown, Shawn Deng Organizations: Hong Kong CNN, European Union, European Union Chamber of Commerce, Zero, of, People, China’s National Bureau of Statistics, Council, Foreign Relations, World Trade Organization, Aream Group, Tesla, Getty, China Development Forum, Xinhua, Agency, ., EV, European Commission, WTO, Capital Economics Locations: Hong Kong, United States, China, Europe, Beijing, Xinhua, China's Shandong, . Washington, Brussels

☆ Mark Zuckerberg says Nvidia CEO Jensen Huang is basically the Taylor Swift of tech
▼ + stars: | 2024-03-28 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +2 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewMark Zuckerberg really, really likes Nvidia CEO Jensen Huang. Advertisement"He's like Taylor Swift, but for tech," Zuckerberg wrote in an Instagram comment reply on Tuesday. The relentless race toward AI domination by companies like Meta has also placed Huang's Nvidia in an enviable position. Representatives for Nvidia declined to comment on Zuckerberg's remarks on Huang when approached by BI.

Persons: —, Mark Zuckerberg, Jensen Huang, Zuckerberg, Huang, Taylor Swift, Huang's, Swift, Huang isn't, Zuckerberg's, Meta Organizations: Service, Business, Nvidia's GPU Technology, Nvidia, Meta, BI

☆ From the ocean views to naming the crocodiles: 4 Citadel employees open up about life in Miami two years after Ken Griffin made Florida his new home
▼ + stars: | 2024-03-14 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +18 min

Two of the people we spoke with moved from New York City, one from London, and one from Seattle. Citadel's Miami office overlooks the Biscayne Bay and downtown Miami. Citadel and Citadel Securities also cover the cost of a weeklong visit to Miami for employees and significant others who are considering moving there. Cupjin Huang just started his job as a quant researcher for Citadel Securities this year. AdvertisementCupjin Huang, a quant researcher at Citadel Securities, in Miami with his dog Rufus.

Persons: —, it's, Ken Griffin, Thoma Bravo, Goldman Sachs, Griffin, Lin, Manuel Miranda's, Hamilton, Maksim Solovjov, Miami doesn't, Rich Cummings, there's, Liz Boyhan, Cupjin Huang, Huang, Rufus, Pitbull, that's, Cummings, Solovjov, It's, you'll, Alexander Spatari, Inrix, she's, haven't, Fortune, he's, Boyhan, I've, fiancé Organizations: Service, Southeast Financial Center, Citadel Securities, Business, Bloomberg, Citadel, Citadel Citadel, Miami Dolphins, Miami, Prix, Citadel's, Downtown, Alibaba, BI, Key, New, New York City, Transportation, Fairchild, Botanic, Miami - Dade, Miami Beach, Google, UBS Locations: Miami, Biscayne Bay, Fisher, South Beach, York, Wall, New York, United States, New York City, London, Seattle, Magic, Bay, Florida, Downtown Miami, Brickell, Chihuahua, Hawaii, —, Orlando, Los Angeles, Coral Gables, Fairchild, Italian, Tua, Solovjov, Manhattan

☆ Nvidia boss Jensen Huang believes CEOs should have the most direct reports
▼ + stars: | 2024-03-09 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +2 min

Huang, who oversees 50 direct reports, said that "by definition," CEOs should have the most direct reports of anyone at a company. And taking on more direct reports could help CEOs level the playing field, too. And while Huang manages more people than other big-name CEOs (Amazon CEO Andy Jassy has 16 direct reports), Nvidia has close to 30,000 employees, according to a company report from 2023. While Huang might be an outlier (and overachiever) as a manager, the number of direct reports CEOs are taking on is on the rise. CEOs' direct reports doubled from five in the mid-1980s to close to 10 in the mid-2000s, according to the Harvard Business Review.

Persons: —, Jensen Huang, doesn't, . Huang, Huang, chipmaker, Andy Jassy, Hal Gregersen Organizations: Service, Stanford's Graduate School of Business, Business, Nvidia, Harvard Business, MIT Leadership Center Locations: .

☆ Mark Cuban offered a fellow 'geek' $75,000 on 'Shark Tank': 'I want you to myself'
▼ + stars: | 2024-02-26 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

Mark Cuban and Justin Huang have a mutual love for education — and a mutual hate for killing bugs. The two hit it off on Friday's episode of ABC's "Shark Tank," where Huang pitched his product, Cup-a-Bug, to the show's investor judges. A self-proclaimed "bug sympathizer," Huang created the contraption for a simple reason: "I'm just terrified of bugs, even from [childhood]. The investors encouraged him to take a minute to gather his thoughts and keep going, with Cuban yelling, "You're good!" Mark Cuban checking out the Cup-a-Bug on ABC's "Shark Tank."

Persons: Mark Cuban, Justin Huang, —, Huang, We've, Lori Greiner chimed, Cuban, Huang's, Chapman, Daymond John, Mark, Christopher Willard Organizations: University of California, Irvine, LinkedIn, Disney Locations: Irvine , California, Cuban, U.S

☆ Warren Buffett honors Charlie Munger in annual note, Berkshire reports record cash pile
▼ + stars: | 2024-02-24 | by ( Nicole Goodkind | Eva Rothenberg | ) edition.cnn.com time to read: +11 min

Courtesy of Susie Buffett Buffett teaches a class at the University of Nebraska-Omaha. Courtesy of Susie Buffett Buffett married his first wife, Susan, in 1952. Courtesy of Susie Buffett Buffett and his wife pose at the beach with their three children. Courtesy of Susie Buffett Buffett poses for a photo in 1980. Nati Harnik/AP Buffett and Berkshire Hathaway Vice Chairman Charlie Munger are seen on a giant screen during the Berkshire Hathaway shareholders meeting in 2013.

Persons: Warren Buffett’s, Charlie Munger, Buffett, Munger, ”, Charlie, Berkshire Hathaway, “ Charlie, Munger’s, Greg Abel, Abel, Berkshire’s, Greg, ” Buffett, “ Greg, Berkshire Berkshire Hathaway, Warren Buffett, Nati, Laila, Howard Buffett, Howard, Susie Buffett, Ernest, Susie Buffett Laila Buffett, Warren, Doris, Susie Buffett Warren Buffett, Susie Buffett Buffett, Susan, Peter, Lee Balterman, Salomon, Marcy Nighswander, AP Buffett, Buffett's, Mark Peterson, Curt Hudson, Arnold Schwarzenegger, Kathy Willens, Chris Machian, Dave Weaver, Michael Israel, John Sleezer, Bill Gates, Mario Tama, Barack Obama, Obama, doggedly, isn't, Jim Watson, Daniel Acker, Harry Benson, Getty Images Buffett, Astrid, David Cameron, Brendan Hoffman, Kristoffer Tripplaar, Alamy Buffett, Scott Eells, Chris, Franklin, Ndamukong Suh, Scott Olson, Huang Jihui, Jason Miller, Adam Jeffery, Hillary Clinton, Kempin, Forbes, Andy Kropa, Scott Morgan, Reuters Buffett, Andrew Harrer, Apple Berkshire Hathaway Organizations: New, New York CNN, Berkshire Hathaway, Investors, Oracle, “, Berkshire, Berkshire Berkshire, University of Nebraska -, Getty, Federal Reserve, AP, Omaha for Berkshire, Bloomberg, California Gov, Wall Street, Schwarzenegger's, Kansas City Royals, Kansas City Star, Girl Scouts, Buffett, Microsoft, Getty Images, White, British, Woodrow Wilson High, Washington, Forbes, Harlem Globetrotters, Cleveland Cavaliers, Moon, NBA, CNBC, Reuters, Apple Berkshire, Apple, Securities and Exchange Commission, HP, Paramount Locations: New York, Omaha, “ Berkshire, Berkshire, The Omaha , Nebraska, Omaha , Nebraska, University of Nebraska - Omaha, Omaha for, Woodstock, Trenton , New Jersey, AFP, Washington , DC, Illinois, Sun Valley , Idaho

☆ Wall Street is loving AI while Big Tech is warning employees about how they use it
▼ + stars: | 2024-02-23 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at Wall Street's love affair with Nvidia (and AI) while Big Tech still grapples with how to use the tools . Since Nvidia's GPUs sit at the center of the AI revolution, the company's success suggests the hype around the tech is warranted. One issue is bias showing up in AI tools . AdvertisementInternal documents show that Amazon is warning its employees not to use third-party generative AI tools for work , BI's Ashley Stewart and Eugene Kim report. It's an interesting acknowledgement of the risks involved with using AI tools — especially when Amazon is pitching its own chatbot to customers .

Persons: —, It's, Michael M, Tyler Le, it's, Matthew Fox, Wall, Jensen, Kathleen Brooks, XTB, BI's George Glover, Chelsea Jia Feng, — ChatGPT, Monica Melton, BI's Ashley Stewart, Eugene Kim, Paul Morigi, Jenny Chang, Rodriguez, Goldman, Joe Duran, Jensen Huang, Huang, Reddit, Sam Altman, Elon Musk, Gemini, isn't, RJ Scaringe, Rivian, Scaringe, Steve Conine, Niraj Shah, Lucas Jackson, Wayfair, Bruce Dixon, they'd, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Grace Lett Organizations: Service, Nvidia, Big Tech, Getty, Nasdaq, Nikkei, GameStop, SEC, CNBC, EV, Warner Bros Discovery Inc, Hyatt Hotels Locations: Paul, New York, London, Chicago

☆ Jim Cramer says Nvidia CEO Jensen Huang is a bigger visionary than Elon Musk
▼ + stars: | 2024-02-22 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +3 min

CNBC's Jim Cramer said Thursday he believes Jensen Huang — the co-founder and CEO of leading artificial intelligence chipmaker Nvidia — is a bigger visionary than billionaire entrepreneur Elon Musk, whose panoply of companies includes Tesla , rocket maker SpaceX and brain-tech startup Neuralink. Cramer's Charitable Trust, the portfolio used by the CNBC Investing Club, has long been invested in Nvidia. Cramer has espoused the brilliance of Huang for years and even re-named his dog Nvidia. Ahead of earnings this time, Cramer equated Huang to popstar Taylor Swift , saying their success is unparalleled in their respective fields. And Musk is creating, singlehandedly, a way to be able to deliver things," Cramer continued.

Persons: CNBC's Jim Cramer, Jensen Huang —, Nvidia —, Elon Musk, Jensen, Cramer, Huang, Leonardo da Vinci, popstar Taylor Swift, Musk, Barnum Organizations: Nvidia, SpaceX, Trust, CNBC, Microsoft, Apple, Cramer's Trust, Ringling Bros, Barnum, Bailey Locations: Santa Clara , California

☆ Nvidia lives up to the earnings hype and then some, prompting our big price target hike
▼ + stars: | 2024-02-21 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

NVDA 5Y mountain Nvidia 5 years The Nvidia phenomenon is something for all investors to take note of and study. The first question we got on the call was in relation to the sustainability of the Data Center sales momentum. Generative AI isn't possible in a data center built for traditional general-purpose computing. In fact, Nvidia believes AI inferencing was responsible for about 40% of Data Center sales over the past year. This is why Nvidia was designated by Jim Cramer and the Club as an "own it, don't trade it" stock.

Persons: Jensen Huang, it's Nvidia's, Thursday's, we've, Colette Kress, we're, Nvidia's Huang, Huang, inferencing, It's, Jim Cramer, Apple's, Jim Cramer's, Jim, Ann Wang Organizations: Nvidia, Revenue, U.S, Data, Microsoft, Moore's Law, world's, Management, Software, Enterprise, Club, Apple, CNBC Locations: tacking, China, Taipei, Taiwan

☆ Sam Altman's $7 trillion chip dreams are way off the mark, says Nvidia CEO Jensen Huang
▼ + stars: | 2024-02-13 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

Altman, the OpenAI chief, is reportedly trying to raise trillions to boost supplies of the chips needed for AI processing. The Nvidia CEO said AI infrastructure costs would be considerably less than the $5 trillion to $7 trillion Altman is reportedly trying to raise because of expected advances in computing. He also suggested that the cost of building AI data centers globally would amount to $2 trillion by 2029. Huang said: “There’s about a trillion dollars’ worth of installed base of data centers. Nvidia has held talks with companies including OpenAI, Microsoft, Google and Meta to develop custom chips for data centers, unnamed sources told Reuters.

Persons: —, Jensen Huang, Sam Altman, Altman, Huang, Omar Al Olama, ” Huang, OpenAI didn’t Organizations: Service, Nvidia, World Governments, Business, United, United Arab Emirates ’, Street, Microsoft, Google, Reuters Locations: Dubai, United Arab, UAE

☆ Here's how to create a diversified bond portfolio with up to 6% yield, according to the pros
▼ + stars: | 2024-02-12 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

But in recent months, many have called for investors to return to bonds as prices are expected to recover soon. Falling yields may prompt investors to wonder which corners of the fixed income market still offer higher yields of up to 6%. He prefers developed market bonds — especially the U.S. — to emerging market bonds, of longer durations exceeding seven years. Emerging market debt can also offer high yield because of the very high real rates in many such economies, Olu-Pitan says, with Latin America debt offering "easily" above 7%. In investment-grade bonds, investors can get above 6% in U.S. financials, she added.

Persons: Brandon Huang, Huang, financials, Remi Olu, Fannie Mae, Freddie Mac, — CNBC's Michael Bloom Organizations: Treasury, LGT Private Banking Asia, CNBC Pro, Agency MBS, U.S ., MBS Locations: U.S, Australia

☆ Amazon cloud unit speeds up revenue growth as clients adopt AI services
▼ + stars: | 2024-02-01 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Amazon Web Services CEO Adam Selipsky speaks at the CERAWeek by S&P Global conference in Houston, Texas, on March 7, 2023. Amazon said on Thursday that its cloud division grew revenue 13% year over year in the fourth quarter, exactly in line with analysts' projections. The company pointed to growing traction in cloud services for artificial intelligence. Revenue from Azure and other cloud services at Microsoft rose 30%, and Alphabet's Google Cloud revenue, which includes Google Workspace productivity software subscriptions, increased about 26%. The Amazon cloud group turned over $7.17 billion in operating income.

Persons: Adam Selipsky, Amazon, StreetAccount, Brian Olsavsky, Jensen Huang, Huang, Mark Mahaney Organizations: Amazon Web, P Global, AWS, Microsoft, Google, Nvidia, Accor, Mitsubishi UFJ Financial Locations: Houston , Texas, Las Vegas, Accor S.A

☆ A China-Taiwan war simulation that assumes a Trump return to office in 2025 warns that Taiwan would be 'toast'
▼ + stars: | 2024-01-28 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +3 min

A war game stimulated a conflict between Taiwan and China if Donald Trump became president in 2025. AdvertisementWhat would happen if tensions escalated between Taiwan and China in 2025 during a potential second Trump administration? One war game simulation suggested the conflict would be swift — and ended with a troubling omen for Taiwan. "Taiwan was toast," Alexander C. Huang, an international relations director for Taiwan's KMT political party, told The New York Times' Nicholas Kristof. In interviews, Trump has repeatedly refused to explicitly say if he would come to Taiwan's defense if China invaded.

Persons: Donald Trump, Taiwan couldn't, —, Trump, Alexander C, Huang, Nicholas Kristof, Kristof, Donald Trump's, Stanley Rosen, Rosen Organizations: Taiwan, Service, KMT, New York Times, The, Strategic, International Studies, Trump, University of Southern, China Institute Locations: Taiwan, China, America, Washington, DC, Japan, University of Southern California's US, Hong Kong

☆ Nvidia's Jensen Huang sheds his biker chic look to dance in a red floral vest during a visit to China
▼ + stars: | 2024-01-24 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Read previewAs the cofounder and CEO of Nvidia, Jensen Huang is known for building the company into the world's leading AI chipmaker. AdvertisementNvidia CEO Jensen Huang visited the company's offices in Shanghai, Beijing, and Shenzhen last week, taking part in year-end festivities. He engaged in the traditional twist Yangge, a popular rural folk dance in northeast China, wearing a traditional flower-patterned vest. Huang's trip to China came amid intensifying rivalry between Washington and Beijing over a range of issues, including tech and geopolitics. The restrictions thrust Nvidia into a difficult position since China has typically accounted for about one-fifth of the company's revenue.

Persons: —, Jensen Huang, He's, Huang, SCMP, Nvidia’s, …, Biden Organizations: Service, Nvidia, Business, Business Insider, Bloomberg, China Morning Locations: China, Shanghai, Beijing, Shenzhen, Washington

☆ NASA says the solar eclipse cutting from Texas to Maine in April 2024 will be way cooler than any before it. Here's why.
▼ + stars: | 2024-01-20 | by ( Jenny Mcgrath | Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +6 min

If this sounds familiar, it's because in 2017, a 70-mile-wide band of the US saw a total solar eclipse, while many other areas saw a partial eclipse. But the total eclipse coming in April will be even cooler, excited NASA scientists told reporters at an American Geophysical Union meeting. Over 30 million people will be able to see the total solar eclipseA young woman looks through special eyewear to a solar eclipse. A map showing where the moon's shadow will cross the US during the 2023 annular solar eclipse (in yellow on the left) and 2024 total solar eclipse (in purple on the right). Sertac Kayar/ReutersThis will probably be the most observed total solar eclipse in history.

Persons: —, Kelly Korreck, Korreck, Huang Shan, Nour, Albert Einstein's, Sertac Kayar, It's Organizations: Service, Business, American Geophysical Union, NASA, Getty, Johns Hopkins University, Reuters Locations: planetariums, Atlanta, Charlotte, North Carolina, Mexico, Canada, Dallas, Cleveland, Indianapolis, Xiamen, Fujian Province, China, Diyarbakir, Turkey

☆ In an internal meeting, Nvidia's CEO addressed a question about employees in 'semi-retirement' mode as unusual tension grows
▼ + stars: | 2023-12-14 | by ( Eugene Kim | ) www.businessinsider.com time to read: +10 min

Many Nvidia employees have become incredibly rich after the company's stock is up by about 1,200% over the past five years. Nvidia employees are also rarely put on performance-improvement plans, unlike some of its competitors, such as Amazon . Despite a growing number of companies launching their own in-house chips, Nvidia employees say they don't feel the competitive pressure yet. Three Nvidia employees, however, told BI that those chips never came up in customer conversations because, in their view, of Nvidia's superior performance. In other ways, Nvidia employees haven't let their riches go to their heads.

Persons: —, It's, Jensen Huang, Huang, he's, Jim Herd, Herd Freed Hartz, Herd, we're, Glassdoor, He's Organizations: Service, Nvidia, Business, AMD, Intel, Big Tech, Microsoft, Amazon, Employees, BI, Lamborghini, Meta Locations: Silicon

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