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The unexpected decision to abandon plans to hive off the cloud computing business led to a $20 billion decline in Alibaba Group’s market value on Friday, as its shares fell 10% in Hong Kong.
New chips from Microsoft along with other custom chips from the likes of AWS, Google and Oracle, though limited in their impact initially, are expected to provide stiff competition for chipmakers such as Nvidia, AMD and Intel, analysts said.
The chipmaker could be trying to circumvent US restrictions that aim to prevent Chinese companies from stringing together lesser-powered GPUs to build compute capacity for AI-based workloads.
At the tail end of a year that has seen significant investments funnel into Japan’s semiconductor industry, the government has announced further funding to bolster its manufacturing and R&D efforts.
VMware’s do-it-yourself private AI program has two new partners, offering users more options for in-house generative AI training and deployments.
The layoffs are happening in the wake of a market retraction, Splunk CEO Gary Steele said.
The acquisition is expected to help AMD compete better against chipmaker Nvidia.
As demand for generative AI technology grows, chip shortages are not the main reason behind developing custom silicon, experts say.
While France’s competition watchdog did not confirm the identity of the entity being investigated, it said that the raids were conducted in the graphics cards sector.
Cisco expects to integrate Splunk technology across security systems.