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Nvidia plans to buy Shoreline.Io for $100 million in an effort to reduce dependence on major tech companies like Microsoft and Amazon, says report

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Nvidia plans to buy Shoreline.Io for 0 million in an effort to reduce dependence on major tech companies like Microsoft and Amazon, says report

Nvidia Corp has reportedly acquired Shoreline, a software startup, for around $100 million. The acquisition, recently finalized, aims to enhance Nvidia’s capabilities in identifying and resolving computer system issues through automation. Shoreline, founded in 2019 by Anurag Gupta, specializes in software development and has received backing from investors like Dawn Capital and Knowledge Partners. Nvidia, … Read more

Intel’s subsidiary Moovit to reduce workforce by 10% | CTech

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Intel’s subsidiary Moovit to reduce workforce by 10% | CTech

Moovit, a travel planning app acquired by Intel for $1 billion four years ago, is cutting around 10% of its workforce, resulting in 20-25 employees leaving the company. This move comes after the CEO transitioned for the first time in 13 years, with co-founder Nir Erez stepping down and being replaced by Nir Bezalel, who … Read more

Intel collaborates with Japan’s Sharp to revolutionize chip manufacturing process and reduce expenses – Intel (NASDAQ: INTC)

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Intel collaborates with Japan’s Sharp to revolutionize chip manufacturing process and reduce expenses – Intel (NASDAQ: INTC)

Intel Corp. and 14 Japanese partner companies are teaming up to utilize Sharp’s underused LCD plants in Japan for advanced semiconductor production technology research. This collaboration aims to reduce costs for the alliance and generate much-needed revenue for Sharp. Specifically, Intel will focus on back-end chip production processes like assembly, working alongside suppliers such as … Read more

Intel and Sharp Partner to Revolutionize Chip Manufacturing and Reduce Expenditures

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Intel and Sharp Partner to Revolutionize Chip Manufacturing and Reduce Expenditures

Intel Corp. and Sharp of Japan have come together in a collaboration aimed at advancing semiconductor production processes while also reducing costs. This partnership will involve the use of Sharp’s LCD plants in Japan for research on advanced chip production technologies. By utilizing these underutilized facilities, the alliance hopes to lower expenses and generate revenue … Read more

Google may reduce funding for additional US news publishers

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Google may reduce funding for additional US news publishers

Google is considering cutting its investments in California news media due to a new bill in the state that could lead to the removal of links to California news outlets. The company has warned nonprofit newsrooms that it may suspend funding for the Google News Initiative, which provides over $300 million in funding to thousands … Read more

IBM Harnesses Artificial Intelligence to Reduce Expenses and Improve Productivity – Updates on Digital Transformation

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IBM Harnesses Artificial Intelligence to Reduce Expenses and Improve Productivity – Updates on Digital Transformation

IBM is harnessing the power of artificial intelligence (AI) to streamline operations and cut costs. Viswanath Ramaswamy, vice president of technology at IBM India and South Asia, noted that the company is utilizing generative AI to test its own products and services before implementing them. This approach allows IBM to develop use cases that can … Read more

Two Billionaire Investors reduce Holdings in Nvidia and Invest in the Same Fintech Stock Instead.

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Two Billionaire Investors reduce Holdings in Nvidia and Invest in the Same Fintech Stock Instead.

Billionaires like Paul Tudor Jones and Philippe Laffont have recently shifted their investments from NVIDIA to PayPal, signaling a potential opportunity for growth in the struggling financial technology company. With PayPal’s stock valuation taking a hit in recent years but still showing revenue growth, investors are eyeing the potential for a turnaround. One key attraction … Read more

Nvidia Goes Unnoticed as Two Billionaire Investors Reduce Holdings, Both Shift Focus to Same Fintech Stock.

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Nvidia Goes Unnoticed as Two Billionaire Investors Reduce Holdings, Both Shift Focus to Same Fintech Stock.

Renowned billionaire hedge fund manager Paul Tudor Jones of Tudor Investment reduced his stake in NVIDIA during the first quarter and reinvested the money into struggling financial technology company PayPal. This move was mirrored by Philippe Laffont of Coatue Management, who also decreased his holdings in Nvidia and increased his position in PayPal. Both investors … Read more