Apple CEO Tim Cook warns of extended memory crunch. ‘We’ll look at a range of options’
In Apple’s quarterly earnings report, CEO Tim Cook warned of further memory constraints in the coming quarters.
CNBC Daily Open: May Day dawns
Trading holidays in Europe and Asia make for a quiet day in markets, as investors digest strong April performance and rate decisions from the ECB and BOE.
China’s EV price war turns into AI arms race beyond cheaper cars
Chinese EV firms are rapidly rolling out in-car AI features to gain an edge, but as the price war drags on, those technologies are quickly becoming commoditized.
Oil prices fall after Iran sends updated peace proposal to mediators in Pakistan
Under the 1973 War Powers Resolution, a U.S. president needs to withdraw troops 60 days after reporting their deployment to Congress
China’s self-driving truck leaders say AI breakthroughs won’t accelerate rollout — here’s why
Rapid advances in AI for coding and chatbots doesn’t change the timeline for getting self-driving vehicles on the road, industry executives in China said.
China’s self-driving truck leaders say AI breakthroughs won’t accelerate rollout — here’s why
Rapid advances in AI for coding and chatbots doesn’t change the timeline for getting self-driving vehicles on the road, industry executives in China said.
Japan Airlines begins humanoid robot trials at Tokyo’s Haneda airport as labor shortages bite
Tokyo’s Haneda Airport is beginning a trial of humanoid robots in airport ground services amid chronic labor challenges and a rapidly ageing workforce.
Australia and Japan markets climb, looking past Iran war escalation fears
This comes as investors took in strong earnings stateside, looking past weaker-than-expected economic data and threats of escalation in Iran.
S&P 500 closes at a new record to usher in May as oil prices cool and Apple rises: Live updates
The S&P 500 rose to a fresh all-time intraday high on Friday, boosted by Apple shares, while oil prices fell as a new month of trading got underway.
AI boom: Big Tech capital expenditures now seen topping $1 trillion in 2027
The overall cost has been causing heads to spin, but analysts say they’re seeing flowthrough from investments to revenue.
