financetom
Business
financetom
/
Business
/
Market Chatter: Apple to Power AI Features with Own Server Chips
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Market Chatter: Apple to Power AI Features with Own Server Chips
May 9, 2024 10:53 AM

01:44 PM EDT, 05/09/2024 (MT Newswires) -- Apple ( AAPL ) is installing high-end chips in cloud-computing servers designed to process advanced artificial intelligence tasks coming to Apple ( AAPL ) devices, Bloomberg reported, citing people familiar with the matter.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 184.55, Change: +1.81, Percent Change: +0.99

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Alibaba to Invest More Than $52 Billion in AI, Cloud Infrastructure
Alibaba to Invest More Than $52 Billion in AI, Cloud Infrastructure
Feb 24, 2025
06:26 AM EST, 02/24/2025 (MT Newswires) -- Alibaba Group ( BABA ) said Monday it intends to allocate at least 380 billion Chinese renminbi ($52.40 billion) in the next three years to improve its cloud computing and artificial intelligence capabilities. The company said the planned investment surpasses its total AI and cloud spending over the last 10 years. Alibaba's (...
Commerzbank on Overnight News
Commerzbank on Overnight News
Feb 24, 2025
06:28 AM EST, 02/24/2025 (MT Newswires) -- Commerzbank in its European Sunrise note of Monday highlighted: Markets: United States Treasuries retreated into New York close, trend sideways in Asia. E-minis rebound while Asian stocks are mostly weaker, Japan is closed. EUR recovers above $1.052. Brent stabilizes below $74.5/barrel. Fed: Chicago Federal Reserve President Austan Goolsbee says there is still a...
Summit Therapeutics Q4 Net Loss Widens, Yearly Cash Equivalents Rise -- Shares Up Pre-Bell
Summit Therapeutics Q4 Net Loss Widens, Yearly Cash Equivalents Rise -- Shares Up Pre-Bell
Feb 24, 2025
06:26 AM EST, 02/24/2025 (MT Newswires) -- Summit Therapeutics ( SMMT ) reported a Q4 non-GAAP net loss Monday of $0.07 per diluted share, widening from a loss of $0.04 a year earlier. Analysts polled by FactSet expected a loss of $0.08. The biopharmaceutical company did not report any revenue. The company reported cash, cash equivalents and short-term investments of...
KKR Clinches $400 Million Deal To Take Controlling Stake In India's Cancer Hospital Chain HCG: Details
KKR Clinches $400 Million Deal To Take Controlling Stake In India's Cancer Hospital Chain HCG: Details
Feb 24, 2025
On Sunday, KKR & Co. Inc. ( KKR ) entered into definitive agreements with CVC, a private markets manager, to become the largest shareholder in Healthcare Global Enterprises (HCG) and take full operational control for $400 million. As part of the agreement, KKR will acquire up to 54% of HCG’s equity from CVC Asia V at INR 445 per share...
Copyright 2023-2026 - www.financetom.com All Rights Reserved