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TOKYO -- The Japanese auto industry is facing higher costs and potentially less design freedom as artificial intelligence chips become more expensive and reliance on overseas companies like Nvidia grows, said the semiconductor development chief of Turing, a Tokyo-based self-driving startup.
WASHINGTON -- For three decades, starting in the 1950s, a newsletter issued by a Jesuit priest in Hong Kong was considered the best intelligence available on China.
Amazon shares closed up 3.9% to $193.61 on Wednesday, pushing the company's market cap past $2 trillion for the first time.
Micron shares fell about 3% in extended trading on Wednesday as investors looked past better-than-expected results and focused instead on a revenue forecast that was in line with estimates.
Volkswagen's $5 billion investment in electrical vehicle startup Rivian is a "catch-up move" for the German automaker, but could take years to pay off, according to Cyrus Mewawalla, head of thematic intelligence at GlobalData.
Qatari telecoms provider Ooredoo told CNBC Wednesday that its new tie-up with Nvidia is compliant with all U.S. regulations and will still allow it to have access to the latest technology.
Since briefly becoming the world's most valuable company last week, Nvidia has dropped for three consecutive trading days and is now down 13% from its peak.
