Breaking News: Technology

Rubrik prices IPO at $32 per share, above the expected range

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[ad_1] Bipul Sinha, co-founder and CEO of data security software company Rubrik. Sinha previously backed cloud management company Nutanix. Greylock Partners Rubrik, a data-management software company backed by Microsoft, priced its IPO at $32 a share. That’s above its expected range. The 10-year-old company sold 23.5 million shares ahead of its New York Stock Exchange …

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India is a key chip design market, Qualcomm says, as Modi makes semiconductor push

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[ad_1] A worker inspects a circuit board for a smartphone at Dixon Technologies’ Padget Electronics Pvt factory in Noida, Uttar Pradesh, India, on Thursday, Jan. 28, 2021. Dixon boasts a market value of more than $2.5 billion and the capacity to produce about 50 million smartphones this year. Photographer: Anindito Mukherjee/Bloomberg via Getty Images Bloomberg | …

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JPMorgan sees AI-enabled iPhones creating a 5G-like upgrade cycle. What a boom like that would mean for Apple stock

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[ad_1] What will it take to get Apple stock and iPhone sales out of their slumps? Wall Street analysts and the Club see artificial intelligence as a key driver of investor enthusiasm and the next upgrade cycle. JPMorgan said in a note Thursday that an expected AI-enabled iPhone will create strong demand similar to what was …

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China says innovations, not subsidies, are powering EV edge as Yellen raises ‘overcapacity’ concerns

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[ad_1] Newly launched BYD Seal is displayed during the launch of the Chinese-made BYD brand in Jakarta, on January 18, 2024, and at the same time introduced 2 other types of battery-powered vehicles (EV, electric vehicle) that will be sold in Indonesia, with an investment of 1.3 billion US dollars. (Photo by BAY ISMOYO / …

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Norfolk Southern activist investor highlights past abusive behavior of new COO as proxy fight intensifies

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[ad_1] A general view of the exterior of the headquarters of Norfolk Southern on April 1, 2023 in Atlanta, Georgia.  Icon Sportswire | Getty Images Norfolk Southern is almost two months into a battle with activist investor Ancora, which is trying to shake up the railroad’s board and oust CEO Alan Shaw. Now the firm …

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Apple lays off over 600 California employees after shuttering car project

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[ad_1] Tim Cook, CEO of Apple, during an event at Apple Park campus in Cupertino, California, Sept. 12, 2023. David Paul Morris | Bloomberg | Getty Images Apple is laying off 614 workers in California, according to a new state filing, the company’s first significant round of job cuts since the pandemic. The affected Apple …

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Intel shares fall after company reveals $7 billion operating loss in foundry business

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[ad_1] U.S. President Joe Biden tours the Intel Ocotillo Campus, in Chandler, Arizona, U.S., March 20, 2024.  Kevin Lamarque | Reuters Intel shares fell 4% at one point in extended trading on Tuesday after the company revealed long-awaited financials for its semiconductor manufacturing business, often called a foundry business, in a SEC filing. Intel said …

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Tesla shares fall after deliveries drop 8.5% from a year ago

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[ad_1] Tesla on Tuesday published its first-quarter vehicle production and deliveries report for 2024 that showed deliveries fell 8.5% from the year-ago quarter and about 20% sequentially. Here are the key numbers: Total deliveries Q1 2024: 386,810Total production Q1 2024: 433,371 Shares dropped 7% in premarket trading. Tesla doesn’t break out sales by model but reported that …

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Part scary, part exciting: How artists are using AI in their work

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[ad_1] Artist Refik Anadol uses generative AI to produce images, seen here as part of the “Echoes of the Earth: Living Archive” exhibition at Serpentine North, London. Hugo Glendinning | Courtesy Refik Anadol Studio and Serpentine. The art world — like many industries — is grappling with how best to use artificial intelligence, especially in …

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AI is power-intensive. Top Morgan Stanley portfolio manager says that’s an opportunity for one stock

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[ad_1] Many tech companies are rapidly developing infrastructure for artificial intelligence as they compete for dominance in this red-hot market. AI is very power-intensive — and its power needs are only set to rise in the coming years. But that also means there’s an investment opportunity in the utility sector. Morgan Stanley Investment Management’s Aaron …

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