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☆ Arm's biggest customers are also backing a rival chip design — here's what you need to know
▼ + stars: | 2023-09-14 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +4 min

It's called RISC-V, pronounced "risk five" — a rival chip design that is backed by some of Arm's own customers. While analysts told CNBC it's not an immediate threat, Arm itself warned that if it gains traction, it could pose a competitive risk. Arm designs what's known as an instruction set architecture (ISA) for chips known as processors or central processing units (CPUs). RISC-V in recent years has gained support from some of the world's biggest technology companies, many of which are also Arm customers. "Maybe we should have a second source just in case things start not going in our direction, or we have problems with Arm," he added, in reference to the thinking among some Arm customers.

Persons: Dado Ruvic, CNBC it's, Richard Windsor, Peter Richardson Organizations: Reuters, Nasdaq, CNBC, ISA, Apple, Qualcomm, Google, Samsung, Nvidia, Radio Free Mobile, Windsor, Counterpoint Research Locations: British, China

☆ ‘Dare we say Nvidia is now cheap' analyst delivers bull case with stock at all-time highs
▼ + stars: | 2023-08-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email‘Dare we say Nvidia is now cheap' analyst delivers bull case with stock at all-time highsBen Reitzes, Melius Research Head of Technology Research, joins 'Fast Money' to talk the bull case for Nvidia and why he says the stock is still cheap.

Persons: Ben Reitzes Organizations: Nvidia, Technology Research

☆ Singapore's Grab says its ride-hailing unit is on track to hit pre-Covid levels by the end of the year
▼ + stars: | 2023-08-24 | by ( Sheila Chiang | ) www.cnbc.com time to read: +4 min

Photographer: Ore Huiying/Bloomberg via Getty Images Ore Huiying | Bloomberg | Getty ImagesSingapore-based Grab said on Wednesday that its ride-hailing unit is on track to hit pre-Covid levels by the end of this year. Grab, which also offers food delivery and mobile payments, said that its mobility GMV has recovered to 85% of pre-Covid levels. We remain on track to exit 2023 at pre-Covid GMV levels. "We remain on track to exit 2023 at pre-Covid GMV levels," Oey said during Grab's earnings call on Wednesday. Grab's Hungate said driver supply levels are currently at 84% of pre-Covid levels and that the firm will "continue to focus on improving driver supply."

Persons: Alex Hungate, Peter Oey, Oey, GrabShare, Sachin Mittal, Grab's Hungate, Kai Wang, Jonathan Woo, Woo Organizations: Grab Holdings, Bloomberg, Getty, Getty Images, CNBC, DBS Bank, DBS, Trans, Morningstar Asia, Revenue, Phillip Securities Research Locations: Singapore, Getty Images Singapore, Malaysia, Thailand, Grab's U.S

☆ Sea pivoted to growth over profits as it faced rising competition from TikTok, Lazada, analysts say
▼ + stars: | 2023-08-18 | by ( Sheila Chiang | ) www.cnbc.com time to read: +4 min

But analysts said the pivot is a move to defend market share. Defending your market share is the right strategy in e-commerce. CEO Shou Zi Chew said in June that TikTok would invest billions of dollars in Southeast Asia over the next few years to gain market share. Sea's decision to accelerate ecommerce investments in growth is likely to materially weigh on its earnings and share price in the near-term. "Sea's decision to accelerate ecommerce investments in growth is likely to materially weigh on its earnings and share price in the near-term," said JPMorgan.

Persons: Forrest Li, GoTo, Sachin Mittal, Woo, Li, JPMorgan, Jonathan Woo, Shou Zi Chew, TikTok, Alibaba's Lazada, Sea's Shopee, Lazada's GMV Organizations: Sea Ltd, Bloomberg, Getty, Local, DBS Bank, Phillip Securities Research, JPMorgan, Momentum Works Locations: Singapore, Lazada, Southeast Asia

☆ Beware overhype about AI and make these 7 smart investments instead, according to a tech portfolio manager at a $120 billion firm
▼ + stars: | 2023-08-17 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Technology investor Jonathan Curtis is bullish, though he's worried about AI stocks in late 2023. "But we're in an experimentation phase for AI — we're not in the revenue phase for AI." Although revenue and earnings for many companies connected to AI aren't substantial, the demand for workers with AI know-how certainly is, Curtis said. Still, while he keeps his focus on the long term, he acknowledged that valuations for AI stocks are ambitious, if not a bit crazy. And while the portfolio management director thinks investors should be wary of AI stocks' volatility in the near term, he made clear that AI is absolutely worth investing in for the long term.

Persons: Jonathan Curtis, he's, Curtis, Jonathan Curtis —, there's, We've, — we're, they'll, Curtis spotlighted Organizations: Technology, Federal, Franklin Equity Group

☆ Sea Group's gaming segment has again proven to be a 'cash cow,' DBS Bank says
▼ + stars: | 2023-08-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSea Group's gaming segment has again proven to be a 'cash cow,' DBS Bank saysSachin Mittal, head of telecom, media and technology research at DBS Bank, said that Garena saw quarterly paying users growing on a sequential basis.

Persons: Sachin Mittal, Garena Organizations: DBS Bank

☆ JMP: The capital markets story is the key piece for bank earnings this quarter
▼ + stars: | 2023-07-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJMP: The capital markets story is the key piece for bank earnings this quarterDevin Ryan, Director of Financial Technology Research at JMP Securities, discusses earnings from Bank of America, Morgan Stanley, and Charles Schwab.

Persons: Devin Ryan, Morgan Stanley, Charles Schwab Organizations: Financial Technology Research, JMP Securities, Bank of America

☆ A top AI expert says the technology is still in its very early phase: 'We're only at the iPhone 2G, 3G point.'
▼ + stars: | 2023-07-14 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

Emad Mostaque, the CEO of Stability AI, thinks the tech will truly take off next year. Think again: the AI hype cycle is just getting started — at least in the view of one top expert. But that's going to be far, far greater if Mostaque is right: he estimates 50% of all CEOs will make mention of AI by next year. But once that realization of AI at an enterprise level happens, it won't just help companies put the technology to good use. "You just need to have the right models in the right way to enable these outcomes that increase productivity," he said.

Persons: Mostaque, ChatGPT, Emad Mostaque, We're, he's, Michael Briest, Bard Organizations: UBS Locations: America, Silicon Valley

☆ Knight Institute files lawsuit against Texas's TikTok ban
▼ + stars: | 2023-07-13 | by ( Melissa Mahtani | ) edition.cnn.com time to read: +4 min

CNN —Texas’s ban on TikTok at state institutions violates the First Amendment, claims a lawsuit filed Thursday by a group of academics and civil society researchers. The lawsuit specifically challenges Texas’ TikTok ban in relation to public universities, saying it compromises academic freedom and impedes vital research. Texas Governor Greg Abbott ordered all Texas state agencies to ban the use of TikTok in early December. The Knight Institute lawsuit notes that Texas has not imposed a ban on other online platforms that collect similar user data, such as Meta and Google. TikTok told CNN last month that it is funding the suit by users and creators on the platform.

Persons: CNN —, Jameel Jaffer, Greg Abbott, “ It’s, ” Jaffer, ”, Dave Karpf, “, TikTok Organizations: CNN, Columbia University, Coalition for Independent Technology Research, Institute, University of North, Texas, Texans, Chinese Communist Party, Knight, Google, Coalition, Independent Technology Research, George Washington University School of Media, Public Affairs Locations: Texas, China, University of North Texas, ” Texas, TikTok . Montana

WASHINGTON, July 13 (Reuters) - A group on Thursday sued the state of Texas over its ban on public university employees from using Chinese-owned app TikTok on state-owned devices or networks, arguing it is compromising research and teaching. The Knight First Amendment Institute at Columbia University filed suit in U.S. District Court in Austin, Texas on behalf of the Coalition for Independent Technology Research asserting that Texas’s state government TikTok ban "is preventing or seriously impeding faculty from pursuing research that relates to TikTok... It has also made it almost impossible for faculty to use TikTok in their classrooms." Reporting by David ShepardsonOur Standards: The Thomson Reuters Trust Principles.

Persons: David Shepardson Organizations: Columbia University, Coalition for Independent Technology Research, Thomson Locations: Texas, U.S, Austin , Texas

☆ China's Huawei poised to overcome US ban with return of 5G phones, research firms say
▼ + stars: | 2023-07-12 | by ( David Kirton | ) www.reuters.com time to read: +5 min

Huawei should be able to procure 5G chips domestically using its own advances in semiconductor design tools along with chipmaking from Semiconductor Manufacturing International Co (SMIC), three third-party technology research firms covering China's smartphone sector told Reuters. The firms, citing industry sources including Huawei suppliers, spoke on condition of anonymity because of confidentiality agreements with clients. [1/2]A Huawei logo and a 5G sign are pictured at Mobile World Congress (MWC) in Shanghai, China June 28, 2019. The second research firm said it noticed Huawei had asked SMIC to produce chip components below 14 nm this year for 5G products. The forecast yield rate of less than 50% means that 5G chips are "going to be costly", said Doug Fuller who researches chips at the Copenhagen Business School.

Persons: SMIC, Canalys, Aly, Doug Fuller, Fuller, David Kirton, Jamie Freed Organizations: Huawei, Huawei Technologies, chipmaking, Semiconductor Manufacturing International, Reuters, Apple, Samsung, China Securities Journal, Mobile World Congress, REUTERS, Copenhagen Business School, Thomson Locations: SHENZHEN, China, Shenzhen, U.S, Shanghai, Washington

☆ China's Huawei poised to overcome US ban with return of 5G phones - research firms
▼ + stars: | 2023-07-12 | by ( David Kirton | ) www.reuters.com time to read: +5 min

[1/2] A Huawei logo and a 5G sign are pictured at Mobile World Congress (MWC) in Shanghai, China June 28, 2019. Huawei should be able to procure 5G chips domestically using its own advances in semiconductor design tools along with chipmaking from Semiconductor Manufacturing International Co (SMIC), three third-party technology research firms covering China's smartphone sector told Reuters. The firms, citing industry sources including Huawei suppliers, spoke on condition of anonymity because of confidentiality agreements with clients. The second research firm said it noticed Huawei had asked SMIC to produce chip components below 14 nm this year for 5G products. The forecast yield rate of less than 50% means that 5G chips are "going to be costly", said Doug Fuller who researches chips at the Copenhagen Business School.

Persons: Aly, SMIC, Canalys, Doug Fuller, Fuller, David Kirton, Jamie Freed Organizations: Huawei, Mobile World Congress, REUTERS, Huawei Technologies, chipmaking, Semiconductor Manufacturing International, Reuters, Apple, Samsung, China Securities Journal, Copenhagen Business School, Thomson Locations: Shanghai, China, SHENZHEN, Shenzhen, U.S, Washington

July 5 (Reuters) - ChatGPT, the wildly popular AI chatbot launched in November, saw monthly traffic to its website and unique visitors decline for the first time ever in June, according to analytics firm Similarweb. Worldwide desktop and mobile traffic to the ChatGPT website decreased by 9.7% in June from May, while unique visitors to ChatGPT’s website dropped 5.7%. The amount of time visitors spent on the website was also down 8.5%, Similarweb data shows. "I think there are growing pains when you go from zero to 100 million users that quickly. OpenAI also released the ChatGPT app on the iOS system in May, which could sap some traffic from its website.

Persons: chatbot, OpenAI, ChatGPT, Bing, Bard chatbot, Sarah Hindlian, Bowler, Sam Altman, Krystal Hu, David Gregorio Our Organizations: Microsoft, Technology Research, Macquarie, Thomson Locations: OpenAI, YipitData, New York

☆ Ant Group confirms it is working on own AI large language model
▼ + stars: | 2023-06-21 | by ( ) www.reuters.com time to read: 1 min

SHANGHAI, June 21 (Reuters) - A technology research and development team at China's Ant Group is developing its own large-language model (LLM), internally called Zhenyi, a spokesperson said on Wednesday, confirming reports in Chinese media. There was no further information on the public unveiling of the model, however. Chinese organisations have launched 79 large-language models (LLMs) dometically over the last three years, doubling down on efforts to develop artificial intelligence (AI) algorithms, state-run research institutes said last month in a report. Reporting by Casey Hall; Editing by Clarence FernandezOur Standards: The Thomson Reuters Trust Principles.

Persons: Casey Hall, Clarence Fernandez Organizations: Thomson Locations: SHANGHAI

☆ Lab crunch: British science has nowhere to go
▼ + stars: | 2023-06-20 | by ( Kate Holton | ) www.reuters.com time to read: +9 min

Property consultants Bidwells put demand for lab space in Cambridge at 1.19 million square feet (110,000 square metres) - but only 7,000 sq ft are available. That has led to an explosion in venture capital, with much of it coming from the United States. Michael Chen moved to Cambridge from the United States in 2012 to do a doctorate in chemistry. She leads a joint venture between Oxford University and Legal & General (LGEN.L) to build lab space and homes. Pioneer Group, which provides funding and lab space in Britain, said action was needed now to address the "crazy" demand.

Persons: Zoe, Toby Melville OXFORD, Ros Deegan, Catherine Elton, Bidwells, Elton, Deegan, Diarmuid O'Brien, Rishi Sunak's, Gordon Sanghera, Michael Chen, Artem Korolev, Anna Strongman, Strongman, Glenn Crocker, Alistair Cory, Qkine's Elton, Kate Holton, Toby Melville, David Clarke Organizations: University of Oxford, Science, REUTERS, European Union, Therapeutics, McKinsey, Oxford, Cambridge Enterprise, U.S, Oxford Nanopore Technologies, Reuters, Company, Cambridge, PACE, Laboratory, Oxford University, Legal, Thomson Locations: Kidlington, Oxford, Britain, England, Cambridge, United States, London, U.S, France, Boston, North America, Europe, Asia, China

☆ Goldman names three stocks to buy in the information services sector because of generative A.I.
▼ + stars: | 2023-06-15 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Goldman Sachs recommended buying three information services stocks that should be helped by artificial intelligence. Analyst George Tong scored how business and information services companies can deploy generative AI and analyzed the revenue impacts from the technology on these businesses. "We believe generative AI will have a profound and varied impact on the Business & Information Services sector over the medium-to-longer term," he said in a note Wednesday to clients. S & P Global has outperformed the broader market this year with a 17.8% gain. At the same time, Tong said, demand for AI-related research should only grow, which should provide a boost to the company's technology research arm.

Persons: Goldman Sachs, George Tong, Gartner, Tong, it's, Robert Half, — CNBC's Michael Bloom Organizations: P Global, Business & Information Services, P, Global, Wall, Gartner Locations: Real

☆ Jeffrey Epstein was invited to editorial meetings with Scientific American's top editor, email records show
▼ + stars: | 2023-05-30 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +4 min

Jeffrey Epstein was invited to editorial meetings with Scientific American's editor-in-chief. Jeffrey Epstein was invited to editorial meetings with Mariette DiChristina when she was the top editor of Scientific American magazine, according to scheduling emails obtained by Insider. Epstein had the opportunity to attend editorial meetings on September 22 and 29. "10:30-11:30am Mariette DiChristina to hold her Editorial Meeting to discuss story ideas (DO YOU WANT TO ATTEND? She will be at this meeting)," Groff wrote in one such email.

Persons: Jeffrey Epstein, Mariette DiChristina, Epstein, Lesley Groff, Groff, didn't, Stephen Kosslyn, Larry Summers, Denzel Washington, Little Saint James, Eva Andersson, Dubin, JP Morgan Chase, Ghislaine Maxwell, Maxwell, DiChristina Organizations: Morning, Scientific, College of Communication, Boston University, Harvard University, Islands, Dubin, Tisch Cancer Institute, Virgin Islands, New York Times, Massachusetts Institute of Technology Locations: New York, Paris, Little Saint, Midtown Manhattan, Virgin, Manhattan

☆ Microsoft is bringing an A.I. chatbot to data analysis
▼ + stars: | 2023-05-23 | by ( Jordan Novet | ) www.cnbc.com time to read: +4 min

Scott Guthrie, executive vice president of Microsoft's cloud and artificial intelligence group, speaks at the Microsoft CIO Summit in Redmond, Washington, on Feb. 1, 2023. Microsoft 's hefty investment in artificial intelligence chatbots is finding its way into data analysis. For example, the data can be tapped in Synapse Data Science for collaborating on AI models and Power BI business intelligence software for building charts and dashboards. A single Copilot will be available for the tools in the Microsoft Fabric portfolio, which includes Data Factory, Synapse Data Engineering, Synapse Data Warehousing, Synapse Real-Time Analytics and a new monitoring tool called Data Activator, in addition to Power BI and Synapse Data Science, a Microsoft spokesperson said. He said that Copilot will be able to write formulas using Microsoft's Data Analysis Expressions language in Power BI.

☆ A Bill Gates-based photovoltaic technology that may be solar energy's future
▼ + stars: | 2023-05-20 | by ( Tim Hornyak | ) www.cnbc.com time to read: +5 min

Solar panels accounted for nearly 5% of U.S. energy production last year, up almost 11-fold from 10 years ago and enough to power about 25 million households. Backers of perovskite-based solar cells say they can outperform silicon in at least two ways and accelerate efforts in the race to fight climate change. Perovskite cells are very thin — less than 1 micrometer — and can be painted or sprayed on surfaces, making them relatively cheap to produce. Backing next-generation climate technologyCompanies around the world are starting to commercialize perovskite panels. CubicPV, based in Massachusetts and Texas, has been developing tandem modules since 2019, and its backers include Bill Gates' Breakthrough Energy Ventures.

☆ Positivity of Apple's latest figures bucks trend, says analyst
▼ + stars: | 2023-05-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPositivity of Apple's latest figures bucks trend, says analystJeff Fieldhack, research director at Counterpoint Technology Research, discusses Apple's earnings, and explains why revenues have decreased despite China's reopening.

☆ Biden should sanction Huawei Cloud, other Chinese firms -senators
▼ + stars: | 2023-04-25 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

WASHINGTON, April 25 (Reuters) - A group of nine Republican senators on Tuesday urged the Biden administration to impose sanctions on Huawei Cloud and other Chinese cloud service providers, citing national security concerns, according to a letter seen by Reuters. The senators said Huawei Cloud launched its "Sky Computing Constellation" in co-sponsorship with Changsha Tianyi Space Science and Technology Research Institute also known as "Spacety China" in 2021. Alibaba Cloud, a subsidiary of Alibaba Group Holding Ltd (9988.HK), did not immediately comment. Reuters reported in January 2022 that the Biden administration was reviewing the cloud business of e-commerce giant Alibaba to determine whether it poses a risk to U.S. national security. The letter said the Biden administration should consider further investigation or actions against China’s other cloud service providers including Baidu Cloud and Tencent Cloud which may impact U.S. national security.

☆ HSBC says this chip maker's 'incredible AI pricing power' is not fully priced into the stock
▼ + stars: | 2023-04-18 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

"We believe there's more earnings upside vs market expectations in FY24e and beyond," he said in a note to clients Tuesday. "Nvidia's incredible AI pricing power (is) not fully priced in," Lee said. He said the AI business should be able to more than offset weakening datacenter demand and Wall Street was "too focused" on the later before. But he raised his earnings expectations in the 2024 and 2025 fiscal years. "We acknowledge we underestimated the potential of Nvidia's AI business and speed of ramp-up post Microsoft 's ChatGPT launch," he said.

☆ Nvidia surges to year high after bearish HSBC analyst capitulates
▼ + stars: | 2023-04-18 | by ( Noel Randewich | ) www.reuters.com time to read: +2 min

"We’re throwing in the towel on our previous Reduce and double upgrade Nvidia to Buy. Lee lifted his price target to $355 from $175. That compares to a median price target of $298.50. Nearly $11 billion worth of Nvidia stock had been exchanged as of midday on Tuesday, making it Wall Street's most traded stock for the session, according to Refinitiv. Nvidia on Feb. 22 forecast first-quarter revenue above Wall Street estimates, with CEO Jensen Huang telling analysts that use of its chips to power artificial intelligence services like chatbots had "gone through the roof."

☆ China protests U.S. sanctioning of firms dealing with Russia
▼ + stars: | 2023-04-15 | by ( ) www.cnbc.com time to read: +4 min

Beijing on Saturday protested U.S. sanctions against additional Chinese companies over their alleged attempts to evade U.S. export controls on Russia, calling it an illegal move that endangers global supply chains. "The U.S. should immediately correct its wrongdoing and stop its unreasonable suppression of Chinese companies. China will resolutely safeguard the legitimate rights and interests of Chinese companies," it added. However, Foreign Minister Qin Gang on Friday said China won't sell weapons to either side in the war, responding to Western concerns that Beijing could provide outright military assistance to Russia. "Regarding the export of military items, China adopts a prudent and responsible attitude," Qin said at a news conference alongside visiting German counterpart Annalena Baerbock.

☆ Two financial sector experts discuss the big bank earnings ahead
▼ + stars: | 2023-04-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTwo financial sector experts discuss the big bank earnings aheadStephen Scouten, Managing Director in FSG Research at Piper Sandler, and Devin Ryan, Director of Financial Technology Research at JMP Securities, discuss their expectations for bank earnings.

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