6-24
Qualcomm in talks with ByteDance to build custom AI and video chips as Nvidia rivalry widens
Qualcomm is reported to be in talks with ByteDance to design customized chips for the TikTok parent. The discussions underscore a widening push by tech groups to develop AI silicon outside Nvidia’s orbit. A successful deal would build on a relationship that has already produced results, after Qualcomm agreed in May to supply ByteDance with millions of ASICs for AI data center use, according to Reuters.
ETH
ETH+5.12%
6-24
6-22
Accenture’s Record 18% Crash: Can a $11B Cash Flow Floor Save ACN from AI Disruption?
Accenture’s historic 18% share price collapse highlights intense market anxiety over generative AI cannibalizing traditional billable consulting hours and driving a major revenue guidance markdown. However, with a rock-solid free cash flow projection up to $11.5 billion and a strategic $4.17 billion pivot into high-margin operational technology cybersecurity, long-term investors are evaluating whether ACN now represents an aggressive deep-value opportunity.
6-22
6-21
SpaceX’s $85.7 billion IPO windfall revives push for orbital AI data centers
Elon Musk’s SpaceX is pressing ahead with the idea of putting AI data centers into orbit, arguing it could become more practical as launch costs fall and terrestrial buildouts face growing local pushback. The company’s IPO raised $85.7 billion and valued the newly public SpaceX in the trillions, giving it new capital to link rockets, Starlink satellites and xAI’s computing needs. Still, investors and economists say the economics remain uncertain even as other players, including Jeff Bezos and Google, pursue similar concepts.
XAI
XAI+2.47%
6-21