Huawei wrapped up its massive enterprise roadshow tour in Dublin after visiting 25 cities across 15 countries. The Chinese tech giant showcased networking, storage, and renewable energy solutions aimed at multiple industries. Company executives reported strong interest in their AI-based technologies
Amazon’s Ring division has ordered hundreds of remote customer service workers to relocate to central offices in California, Massachusetts, Arizona, or London. The move comes as the company pushes to streamline and automate operations, forcing employees to uproot their lives or lose their jobs.
A new House bill would enable Americans to pay federal taxes using Bitcoin while creating a national Bitcoin reserve. The legislation aims to diversify U.S. assets and provide more payment options for taxpayers, including the unbanked.
Top economists are comparing AI infrastructure investments to “digital lettuce” that’s already wilting. With GPUs degrading fast and becoming obsolete quickly, the massive spending on data centers may never deliver promised returns. Even Michael Burry warns companies are massively overstating their
Elon Musk made bold predictions about AI making work optional and money irrelevant at a recent forum. Nvidia CEO Jensen Huang responded with a more practical perspective on productivity. The exchange highlights different visions for our automated future.
Hurricane Melissa wiped out power to 550,000 customers in Jamaica, revealing deep infrastructure weaknesses. Full restoration could take six months despite previous near-100% electrification rates. The storm offers hard lessons about building truly resilient energy systems.
Xiaomi announced its electric vehicle division achieved profitability for the first time in Q3, a major milestone. Meanwhile, Asian markets experienced heavy losses with semiconductor and AI stocks leading declines. Lithium carbonate futures plunged 9% after contract adjustments.
South Korean game publisher Krafton is making a controversial pivot to AI, spending $88 million on Nvidia B300 GPPs while offering voluntary resignations. The move comes amid a messy legal battle with Subnautica 2 developers over a $250 million bonus dispute where the CEO consulted ChatGPT.
Nvidia CEO Jensen Huang dismissed talk of an AI bubble during this week’s earnings call, but the initial buzz quickly faded. Most Magnificent 7 stocks are tracking for losing weeks, with Amazon and Microsoft down about 6% each.
Citi has exited its tactical long position in the S&P 500 after Nvidia failed to sustain its post-earnings rally. The bank’s strategist called the current market weakness “rare” for this time of year. Despite seeing an AI bubble, Citi believes investors might still ride it higher.
