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Ali Ghodsi, co-founder and CEO of Databricks, speaks at a press conference at Databricks' Data and AI Summit in San Francisco on June 12, 2024. Databricks, the data analytics software vendor that's among the most richly valued private U.S. tech companies, told investors on Wednesday that annualized revenue will reach $2.4 billion by the midpoint of this year. In April, security software company Rubrik debuted on the New York Stock Exchange. In March, the company told media outlets outlets that it generated $1.6 billion in revenue for the year ending Jan. 31, up more than 50% year over year. Last week Databricks said it was paying over $1 billion to buy Tabular, a startup whose founders created Iceberg.
Persons: Ali Ghodsi, Dave Conte, I've, Conte, Rubrik, Conte didn't, Databricks, Ghodsi, Snowflake Organizations: Databricks, Summit, New York Stock Exchange, NYSE, CNBC Locations: San Francisco
CNN —Sardinia, Italy (CNN) – Uruguay at the 1950 World Cup. Cameroon at the 1990 World Cup. Lewandowski celebrates scoring his team's second goal during the Qatar 2022 World Cup Group C match against Saudi Arabia at the Education City Stadium in Al-Rayyan, west of Doha on November 26, 2022. “I think we are playing good football [and] we know that we are not the favourites in the group stage. “They were fighting [a] similar situation before the World Cup and they were so close and now they did it,” he said.
Persons: Robert Lewandowski, CNN’s Sport’s Amanda Davies, Valeriy Bondar, Adam Nurkiewicz, Fernando Santos, , Estadi Olimpic Lluis Companys, Alex Caparros, who’ll, , , Austria –, Lewandowski, Andrej Isakovic, Boris Streubel, Gerd Müller’s, He’ll, Kylian, wasn’t, , he’ll, Andriy Shevchenko, Joosep Martinson, you’ve Organizations: CNN, , Cameroon, Globe Soccer, Stadion Narodowy, La Liga, FC Barcelona, Real Sociedad, Estadi, Wales, France, eventual, Portugal, Saudi, Education City, Getty, Borussia Dortmund, Bayern Munich, Bayern, League, Austria, Kylian Mbappé’s, Champions League, Ukrainian, PGE, Russia, Qatar, Sergiy, Iceland, Romania Locations: Sardinia, Italy, – Uruguay, Greece, Poland, Ukraine, Warsaw, Europe, Michał, Moldova, Albania, Barcelona, Spain, Germany, Netherlands, Austria, Qatar, Saudi Arabia, Al, Doha, AFP, Dortmund, Berlin, German, Poland’s, Kylian Mbappé’s France, Russia, Slovakia, Belgium
Hong Kong CNN —Singapore Airlines has offered compensation to passengers hurt last month during a flight that encountered severe turbulence, which resulted in dozens of injuries and one death. Passengers who sustained minor injuries have each been offered $10,000 in compensation, while those who suffered more serious injuries have been invited to discuss an offer, the carrier said Tuesday in a Facebook post. “This will be part of the final compensation that these passengers will receive.”In addition, all passengers on the May 20 flight SQ321 from London to Singapore will be refunded the cost of their tickets, it added. Singapore-based broadcaster Channel News Asia reported last week that around 10 passengers remained in a Thai hospital more than two weeks after the flight. Flight SQ321 likely encountered rapidly developing thunderstorms over southern Myanmar during the time that extreme turbulence was reported, according to analysis by CNN Weather.
Persons: Geoff Kitchen, Kerry Jordan, SQ321 Organizations: Hong Kong CNN — Singapore Airlines, , Boeing, Channel News Asia, Advertiser, Australian, CNN Weather Locations: Hong Kong, London, Singapore, Bangkok, Myanmar
Iga Swiatek beat Coco Gauff in straight sets (6-2, 6-4) on Thursday to reach her fourth French Open final. After 10 days of mostly solid tennis, Gauff’s tournament ended in a flurry of scorching winners and spraying errors, against a player who generally makes opponents pay for nearly every one. Yet, with the win on Thursday, Swiatek expanded her career-long domination of Gauff to 11 wins in 12 matches. Swiatek broke Gauff’s serve in the next two games, the second time without Gauff winning a point. After Gauff saved two match points, and a third on Swiatek’s serve, the fourth was too far — Swiatek sailing through the finish line in 97 minutes.
Persons: Iga Swiatek, Coco Gauff, Serena Williams, Roland Garros, Naomi Osaka, Swiatek, Gauff, Aurelie Tourte, Gauff’s, Jasmine Paolini, Russian Mirra, Mustafa Yalcin Organizations: Floridian, Getty Locations: Poland, Gauff, Cincinnati, Italian, Russian, Anadolu
Novak Djokovic once again came back from the precipice of defeat at the French Open after beating Argentine Francisco Cerundolo in Paris. GO DEEPER Novak Djokovic wins at 3:06 a.m. in latest finish in French Open historyCerundolo then settled, and Djokovic, unlike against Musetti when he was down and looked out, failed to rouse himself. After going 2-0 down in the final set, he broke straight back, drawing level at 2-2. Djokovic just wasn’t moving well enough to win the match, it appeared, and Cerundolo was repeatedly exploiting this with well-placed drop shots. A dive volley at full stretch in the seventh game of the final set was Djokovic at his very best.
Persons: Novak Djokovic, Argentine Francisco Cerundolo, Djokovic, Roland Garros, Lorenzo Musetti, Cerundolo, Novak, Musetti, hasn’t, Italy’s, Taylor Fritz, Casper Ruud, , Charlie Eccleshare, Ruud, Fritz, Clive Brunskill Organizations: Argentine, Cerundolo, Italian, Djokovic, Sunday, Cerundulo, Musetti Locations: Paris, Argentine
Finland's F/A-18 Hornets — which used to be the US Navy's standard fighter — are already compatible with NATO air forces. This puts several squadrons of stealth fighters on Russia's northern border, with the potential to penetrate and suppress Russian air defenses, and hit vital targets. "Both Finland's and Sweden's proximity allows NATO air forces to stage closer to the Baltics. Similarly, Sweden's Gotland island — located almost midway in the Baltic, about 60 miles from the Swedish mainland and 80 miles from the Baltic States — provides NATO with an advanced outpost. Their air forces are vital for this Nordic push, and will become very useful to further deter and defend the increasingly contested arctic space with Russia."
Persons: Paul Cormarie, John Hoehn, Sweden's JAS, Finland's, Ian Valley, Hoehn, Cormarie, Michael Peck Organizations: Service, NATO, RAND, Corp, Modern, Institute, Business, Nordic, Gripen, UK's Royal Air Force, Finnish Air Force, US Army, , Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Ukraine, Finland, Sweden, West, Russia, Finnish, Swedish, France, Germany, Warsaw, Poland, Europe, Rovaniemi, US Army Sweden, Baltic States, Baltic, Norway, Norwegian, North, Estonia, Latvia, Lithuania, Gotland, , Pacific, United States, Taiwan, China, Forbes
With her biggest triumph in years, Naomi Osaka lost to world No. 1 and three-time defending champion Iga Swiatek at the French Open today, Wednesday May 29. Few even considered that Osaka, less than a year after giving birth, with little success on clay, would stand a chance. Swiatek saved a match point, then let Osaka’s errors bring her back on serve. A killer cross-court backhand winner brought her to match point, and then she watched Osaka send one more backhand long.
Persons: Naomi Osaka, Iga Swiatek, It’s, Swiatek, Roland Garros, Philippe, Osaka, Richard Gasquet, Mateo Villalba Organizations: Wednesday, Osaka, Getty Locations: Osaka, California
Check out the companies making the biggest moves midday: GameStop — Shares jumped nearly 23% following the video game retailer's announcement on Friday that it made about $933 million from a stock sale. U.S. Cellular — Shares added 7% after the telecom company announced T-Mobile will acquire its wireless operations and 30% of spectrum assets for $4.4 billion. T-Mobile was up less than 1%, while Telephone and Data Systems , which owns 84% of U.S. Cellular, slipped 2%. Norwegian Cruise Line — The cruise stock rose 3% after an upgrade to buy from neutral at Mizuho. Zscaler — The cybersecurity company shed nearly 4% following a downgrade at Wells Fargo to equal weight from overweight.
Persons: Agios, vorasidenib, , Duolingo Max, Semler, Elon, Zscaler, Airbnb, Eli Lilly, Macheel, Pia Singh, Hakyung Kim, Jesse Pound Organizations: GameStop, . Illinois, U.S, Cellular, Mobile, Telephone, Data Systems, U.S . Cellular, . Food, Drug, Pharmaceuticals, Royalty Pharma, Nvidia, Cruise, Mizuho, Sarepta Therapeutics, RBC Capital Markets, RBC, Sea, Reuters, , Energy Capital Partners, Wedbush, FDA Locations: U.S, Norwegian, Wells
GameStop — Shares surged nearly 27% following the company's announcement Friday that it had made around $933.4 million from a stock sale. Norwegian Cruise Line Holding — The cruise stock rose 3% following an upgrade to buy from neutral at Mizuho. Bank of America initiated coverage of Viking with a buy rating, citing its "singular brand and clear niche." UBS also gave it a buy rating, saying it's a "pure play in luxury travel." Airbnb — Shares of the short-term rental company added 1.5% following an upgrade by Wedbush to outperform.
Persons: DuPont's, Andrew Boone, Duolingo Max, Boone, Huntington Bancshares, Jesse Pound, Sarah Min, Michelle Fox Organizations: GameStop, Nvidia, Cruise, Mizuho, Street, New York Stock Exchange, Bank of America, UBS, JPMorgan, DuPont —, Citi, U.S, Cellular, Mobile
In a post on the dark web on Monday, the group claimed that it had gained access to sensitive information about the world’s wealthiest art collectors, posting only a few examples of names and birthdays. It was not immediately possible to verify RansomHub’s claims, but several cybersecurity experts said they were a known ransomware operation and that the claim was plausible. Nor was it clear if the hackers had gained access to more sensitive information, including financial data and client addresses. The group said it would release the data, posting a countdown timer that would reach zero by the end of May. “We attempted to come to a reasonable resolution with them but they ceased communication midway through,” the hackers wrote in their dark web post, which was reviewed by a New York Times reporter.
Persons: Edward Lewine, , Christie’s, Organizations: New York Times Locations: Christie’s, GDPR
A judge found Trump liable for fraud for inflating his net worth to get friendly loans, and juries found Trump liable for sexual abuse and defaming Carroll. DEL VALLE: This is actually my fourth Trump trial. Here, it’s almost been interesting how at moments it just felt like a regular trial. Reporters in the courtroom sat behind Trump – with a view often blocked by the many officers in the aisles of the gallery. The response prompted one of the biggest laughs in the courtroom in the entire trial – even several jurors were laughing.
Persons: Donald Trump’s, CNN’s Kara Scannell, Lauren del Valle, Jeremy Herb, Jean Carroll, Trump, defaming Carroll, del, he’s, it’s, That’s, I’ve, Kara, Lauren, Daniels, It’s, Susan Hoffinger, Christine Cornell, Michael Cohen’s, Todd Blanche, Blanche, Cohen, Keith Schiller, Cohen …, flailing, Kaitlan Collins, Robert Costello, Emil Bove’s, Costello, Judge Juan Merchan, ” Merchan, , admonish, David Pecker, Trump’s, Pecker, Jane Rosenberg Hope Hicks, Hope Hicks, CNN Madeleine Westerhout, Madeleine Westerhout, Attorney Alvin Bragg, Boris Epshteyn, , Joshua Steinglass, Emil Bove, Jaden Jarmel, Schneider, Bove, , ” Jarmel, ” Bove Organizations: CNN, Trump, New, DEL VALLE, Midway, National Enquirer, Trump … DEL VALLE, White House, VALLE, White, Attorney, Republican Locations: York, New York, del Valle, Manhattan
1 overall WNBA draft pick Caitlin Clark had mixed success in her regular season debut Tuesday night, scoring 20 points but committing 10 turnovers as her Indiana Fever lost to the Connecticut Sun 92-71. Connecticut Sun forward Alyssa Thomas looks to shoot against Indiana Fever guard Caitlin Clark during Clark's first WNBA game in Uncasville, Connecticut on Tuesday, May 14. “Just learn from it and move on.”It took her a little while to settle into the game, Clark said. Caitlin Clark of the Indiana Fever dribbles against DiJonai Carrington of the Connecticut Sun during Clark's first WNBA game in Uncasville, Connecticut on May 14. Elsa/Getty ImagesClark’s WNBA debut was much-anticipatedThe WNBA season started with the league’s newest star taking center stage.
Persons: Caitlin Clark, Connecticut’s DeWanna Bonner, , Maya Moore, Edna Campbell, Clark, Alyssa Thomas, Bonner, Clark's, Jessica Hill, she’s ‘, , would’ve, ” Clark, , DiJonai Carrington, Elsa Organizations: CNN, Indiana Fever, Connecticut Sun, NCAA, Suns, Midway, WNBA, Sun, Sun ., Sun . Connecticut Sun, New York Liberty, Gainbridge Fieldhouse, Iowa Hawkeyes, Atlanta, Fever, Mohegan Sun Arena Locations: Connecticut, Sun . Connecticut, Uncasville , Connecticut, Gainbridge, Indianapolis
CNN —Climate protesters interrupted two matches at the Italian Open on Monday, throwing confetti onto the court and gluing themselves to the stands, organizers said. In footage of the event, fans could be heard voicing their displeasure as the protesters ran onto court. Other protesters glued themselves to the stands, organizers said in a statement. Protesters caused a stir in the stands at the Italian Open. You have to do something …”According to the Italian Open organizers, Ultima Generazione were in Rome to discuss “some proposals” and “had already staged several protests.”“The request from the environmentalists of Ultima Generazione is for a reparations fund for climate disasters,” the statement added.
Persons: Madison Keys, Cîrstea, Keys, Świątek, Dan Istitene, Santiago González, Roger, Vasselin, Marcelo Arévalo, Mate Pavić, Pavić, , Organizations: CNN, Cîrstea, Ultima Locations: Italian, Rome
Galitzine's sexuality-spanning filmography is unique in that it's been pretty evenly split between gay and straight roles. Galitzine's focus on multi-dimensional characters makes him the heartthrob Gen Z wants and needsNicholas Galitzine as George Villiers in "Mary & George." StarzIt's remarkable that Galitzine has effectively built his career playing a number of commercial gay roles when it used to be true that "playing gay" could destroy an actor's career. On the flip side, there's a certain amount of discomfort with Galitzine, who has said he identifies as straight, playing queer roles. But it's clear he'll still keep playing roles across the spectrum of sexuality.
Persons: , Nicholas Galitzine, Galitzine's, I'm, Galitzine's bashfulness —, who'd, Luke Perry, Prince Robert, Camila Cabello, Anne Hathaway, Mary, George, Anne Hathaway's, Galitzine, Hayes Campbell, Hayes, Hathaway's Solène, Hathaway, Solène she's, Michael Showalter, Nick, Showalter, Cathy Schulman, He's, Chalamet, Jacob Elordi, Alex, Henry, Jonathan Prime Hayes, George Villiers, King James I's, it's, Armie, he's, Gen, Z Organizations: Service, SXSW, Business, Starz, Gay Locations: Austin, Hollywood, Galitzine, British
CNN —Lando Norris won the first race of his Formula One career, storming to victory at the Miami Grand Prix on Sunday in front of a crowd flooded with celebrities. Sunday’s victory was also McLaren’s first grand prix victory since 2021 – and second in the last 12 years. “He drove perfectly, the car was really fast.”Norris finished 7.61 seconds ahead of second-placed Verstappen to win the 2024 Miami Grand Prix. The F1 season next heads to Italy for the Emilia Romagna Grand Prix with the race weekend starting on May 17. This year’s attendance at the Miami Grand Prix was a sold out 275,000 across the race weekend, according to Formula One.
Persons: CNN — Lando Norris, Max Verstappen, Ferrari’s Charles Leclerc, – Norris, “ I’m, I’ve, ” Norris, , McLaren, Zak Brown, Norris, , ” Brown, Mark Thompson, Verstappen, Brit, , Lando, It’s, it’s, ” Verstappen, Lisa, Blackpink, Tom Brady, Blackpink’s Lisa, Camila Cabello, Ed Sheeran, Anthony Mackie, Patrick Mahomes, Travis Kelce, Odell Beckham Jr, Fred Kerley, Keke Palmer, Daniel Ricciardo, Rudy Carezzevoli, Donald Trump Organizations: CNN, Miami, Prix, McLaren, Sky Sports, Getty, Emilia, Grand Prix, Miami Grand Prix, North, NFL, Miami International, Kansas City Chiefs, Former, Formula One Locations: British, Italy, Grand, North America
CNN —Jadon Sancho rediscovered some of his magic as he helped Borussia Dortmund to a 1-0 victory over Paris Saint-Germain in the first leg of its Champions League semifinal clash on Wednesday. Sancho, who returned to Dortmund on loan in January after an unsuccessful big-money move to Manchester United, was his elusive best as he proved a constant thorn in the Parisians’ side. It means Dortmund holds a slender one-goal advantage going into the second leg at the Parc des Princes next week. He scored 50 goals and registered 64 assists in four seasons with Dortmund, before making the move to the Premier League and Manchester United. “Sancho looks like a different player entirely.
Persons: CNN — Jadon Sancho, Germain, Sancho, Niclas Füllkrug, Gianluigi Donnarumma, , Füllkrug, Jean Catuffe, Lionel Messi, “ Can’t, Jadon, Erik ten Hag, “ Sancho, Man United, Ally McCoist, Organizations: CNN, Borussia Dortmund, Paris Saint, Champions League, Dortmund, Manchester United, PSG, Princes, League, Barcelona, Premier League, verve, Man, TNT Sports, Real Madrid, Bayern Munich, Wembley Locations: Paris, Dortmund, Parc, Manchester, Opta, @BlackYellow, Germany
Narinder Nanu | AFP | Getty ImagesNEW DELHI — Farmers in India's Punjab state are raising the pitch of their ongoing protests, as the second phase of India's general elections starts Friday. Thousands of farmers continue to drum up support for their demands, foremost being a legal guarantee for minimum support prices for their produce. A Lokniti-CSDS survey earlier this month showed 59% of the respondents found the farmers' demands "genuine," while 16% deemed the protests a "conspiracy" against the government. CNBC did not immediately receive a response from India's Agriculture Ministry on queries pertaining to the farmers' demands. What India's farmers want
Persons: Narinder Nanu, Narendra Modi, Modi, Yogendra Yadav, Sanjay Kumar, Modi's, Kumar, it's, Jagjit Singh, Ayyakannu, Dallewal Organizations: AFP, Getty, DELHI — Farmers, Bharatiya Janata Party, BJP, Modi's BJP, CNBC, India's Agriculture, Tamil Nadu, Morcha Locations: Amritsar, DELHI, India's Punjab, Punjab, Khanauri, Haryana, India, New Delhi, Delhi, Tamil, Varanasi, Tamil Nadu, Varansai, Uttar Pradesh, Samyukta
Why Is This Seder Unlike All Other Seders?
  + stars: | 2024-04-24 | by ( Joseph Bernstein | ) www.nytimes.com   time to read: +1 min
Why was this Seder different from all other Seders? Start with the setup: a glittering table set for 100, running the length of a drafty warehouse in the Bushwick section of Brooklyn. Also unlike most seders, this one, on Thursday night (before the start of the holiday), featured a D.J. Guests at the Seder and past parties have included Brett Gelman, the actor; Samantha Ronson, the D.J. ; Richard Kind, the actor; Chi Ossé, the Brooklyn city councilman; and the actor David Schwimmer.
Persons: York influencers, Elijah, Brett Gelman, Samantha Ronson, Richard Kind, Chi Ossé, David Schwimmer Locations: Bushwick, Brooklyn, York
CNN —Nikola Jokić came dressed to steal the moon on Saturday, and helped the Denver Nuggets steal a march on the Los Angeles Lakers in Game 1 of their first-round NBA playoff series. On the court, meanwhile, Jokić posted a near triple-double with 32 points, 12 rebounds and seven assists to inspire the Nuggets to a 114-103 win over the Lakers and take a 1-0 lead in the playoff series. Jamal Murray added 22 points, six rebounds and 10 assists for the Nuggets. Elsewhere in the Western Conference on Saturday, the Minnesota Timberwolves defeated the Phoenix Suns 120-95 in Game 1 of their playoff series. Meanwhile in the East, the Cleveland Cavaliers downed the Orlando Magic 97-83 and the New York Knicks defeated the Philadelphia 76ers 111-104.
Persons: Nikola Jokić, Jokić, LeBron James, “ We’re, Michael Malone, , you’re, ” Anthony Davis, James, Jamal Murray Organizations: CNN, Denver Nuggets, Los Angeles Lakers, Ball, Nuggets, Lakers, , Western Conference, Minnesota Timberwolves, Phoenix Suns, Cleveland Cavaliers, Orlando Magic, New York Knicks, Philadelphia 76ers Locations: Serbian, ” Denver
I stepped off the platform at the gleaming new Maxcanú train station, eager to see the magnificent Maya archaeological site of Uxmal. All I needed was a taxi to take me there, a trip of about 30 miles away. And I was the third person in two weeks to get off at Maxcanú expecting to reach Uxmal, he said. I was midway through a five-day trip to explore the brand-new Maya Train and several of its destinations in the Yucatán Peninsula of Mexico. Designed to run 965 miles (1,554 kilometers) around a loop of 34 stations when completed, the train will whisk passengers in cool comfort through colonial cities, archaeological sites, splashy resorts and tropical forests.
Persons: Maxcanú, van Locations: Yucatán, Mexico
Twelve news organizations on Sunday urged presumptive presidential nominees Joe Biden and Donald Trump to agree to debates, saying they were a "rich tradition" that have been part of every general election campaign since 1976. Asked on March 8 whether he would commit to a debate with Trump, Biden said, "it depends on his behavior." The Republican National Committee voted in 2022 to no longer participate in forums sponsored by the Commission on Presidential Debates. The Trump campaign has not indicated it would adhere to that, but did have some conditions. There was no immediate response from the Trump campaign.
Persons: Joe Biden, Donald Trump, Trump, Biden, Susie Wiles, Chris LaCivita, Abraham Lincoln, Stephen Douglas, Chris Wallace, it's, Crooked Joe Biden Organizations: Moody, Republican, NewsNation, Democratic, ABC, CBS, CNN, Fox, PBS, NBC, NPR, Associated Press, Trump, Republican National, Commission, Fox News, Univision, USA, Television Locations: Tuscaloosa , Alabama, Illinois, Pennsylvania
Having watched some (though not quite all) of “3 Body Problem,” Netflix’s hit adaptation of “The Three-Body Problem,” the first book in a science-fiction saga by the Chinese author Liu Cixin, I’m struck by the unusual geopolitical weight this particular piece of pop entertainment carries. Even a three-interpretation problem, you might say (sorry! ), with different gazes and different translations yielding very different readings and reactions. Consider, first, the book as seen through Western eyes. The default American reaction to any work of literature produced under authoritarian conditions is to assume that it must be an act of rebellion or at least critique.
Persons: ” Netflix’s, Liu Cixin, I’m, Aleksandr Solzhenitsyn’s “, Boris Pasternak’s, Zhivago, , Liu
My salary journey in Big Tech has seen my total compensation — which includes base salary, bonuses, and stocks — increase from $15,000 in 2012 to $685,000 in 2024. I'm a staff software engineer and have worked at three different tech companies, moving from Oracle to Apple to Meta. In California, labor laws make it illegal for employers to ask you about your current salary and salary history. That could involve switching from a non-tech job to a tech job or taking a short-term hit for long-term gain. Unless the employer offers a significant pay bump along the way, total compensation usually takes a drop after this vesting period.
Persons: Sandeep Rao, , I'm, I've, it's, Glassdoor, haven't, Jane Zhang Organizations: Meta, Apple, Oracle, Service, Business, Big Tech, Microsoft, Carnegie Mellon University, Grad, Employers, Carnegie Mellon Locations: San Jose , California, India, Pittsburgh, Cupertino , California, Menlo Park , California, California, janezhang@businessinsider.com
This made it possible for him to reduce his loan balance by over $50,000 — he has about $65,000 left in student debt as of March, he told BI via email. That December, he stumbled upon a YouTube video that provided him with the idea he'd been looking for: He could try to secretly juggle multiple remote jobs simultaneously. As for his student debt, his repayment goal is right on schedule. Advertisement"I'm expecting to have all my student loans paid off before Christmas," he said. Are you working multiple remote jobs at the same time and willing to provide details about your pay and schedule?
Persons: , Adam, he'd, he's, didn't, overemployment, it's, — didn't Organizations: Service, Business, LinkedIn Locations: Arizona
Intel shares fell 4% at one point in extended trading on Tuesday after the company revealed long-awaited financials for its semiconductor manufacturing business, commonly called the foundry business, in a SEC filing. Intel said its foundry business recorded an operating loss of $7 billion in 2023 on sales of $18.9 billion. That's a wider loss than the $5.2 billion Intel reported in its foundry business in 2022 on $25.7 billion in sales. "Intel Foundry is going to drive considerable earnings growth for Intel over time. 2024 is the trough for foundry operating losses," Gelsinger said on a call with investors on Tuesday.
Persons: Patrick Gelsinger, Gelsinger Organizations: Intel, SEC, Nvidia, AMD, Microsoft, Intel Foundry Locations: American
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