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Bank of Japan: Geopolitical risks, especially in the Middle East, require close monitoring due to...
Airbus Acquires Quarkslab to Enhance Cybersecurity Capabilities
Snap Announces CFO Exit Days After Job Cuts In A Bid To Improve Profitability— Insider Doug Hott To Take Over
Commerzbank Sees Brent Over $80 Until End of Year (Video)
Bank of Japan: Domestic banks are well-capitalized and have stable funding to endure potential...
Iran Executes Individual Linked to Israel and Mosque Arson During Protests
Boeing (BA) Stock: Gains as Ethiopian Orders 787 Dreamliners
UK Job Cuts Suggest Companies Turning Cautious on Iran War
Bitcoin (BTC) Surges Past $76K Amid Iran Peace Talks and Massive ETF Inflows
Asia’s Largest Oil Buyers Are Running Low on Hormuz Alternatives
Gulf burns less oil for power despite rising electricity demand
Tim Cook Transitions to Executive Chairman Role at Apple
China Dismisses Deputy Head of Financial Regulator
Sukuk issuances by Gulf-backed IILM top $9bn
Onto Innovation (ONTO) Stock: Jumps on Strategic X-ray Tech Partnership With Rigaku
UK Job Cuts Suggest Companies Turning Cautious on Iran War Shock
Mythos Access Must Be Granted on Level Playing Field, Nagel Says
India Bond Clearing House Said to Apply for European Recognition
Germany’s big carmakers used to lead the race in China, but now they’re ’for the parents’
Australia competition regulator allowed to intervene in Epic Games- Apple suit
BOJ sees Japan’s financial system stable, warns of Middle East, non-bank risks
CHINA (MAR) TRADE BALANCE ACTUAL: 3.177B VS 4.20B PREVIOUS...
UK wage growth slowed on eve of Iran war
Primark owner ABF confirms plan to demerge fashion chain
BANK OF ENGLAND WILL ONLY RAISE RATES AMID A SEVERE SUPPLY SHORTAGE -FT...
Iran war fuel hike adds $100 to long-haul flight cost, study says
Viking Line narrows Q1 loss despite 3% revenue decline
AXT, Inc. (AXTI) Stock: Drops on Public Offering Announcement
Saudi Arabia and Jordan plan rail link to boost business
OCI Global Sells Remaining Shares of Methanex Corporation
AB Foods to Separate Its Budget Apparel Chain Primark
Poland Fines Luxury Car Trader for Illegal Exports to Russia
Cash-and-Carry King Kirsh Caps Second Act With $29 Billion Sale
Russia’s top general Gerasimov says forces are advancing around Kostiantynivka on multiple...
Atos Q1 revenue falls; narrows FY outlook on weak start
Most currencies steady as markets focus on US-Iran talks, NZ dollar gains
JPM To Invest In Europe And UK In Expanded $1.5T Security Initiative – FT...
Beyond Meat Stock Is Trending Overnight: Here's What's Going On
China’s lead output declines 11.4% from a year earlier to 652,000 metric tons in March, according to...
Tesla (TSLA) Stock: New V2X Program Turns EVs into Home Backup and Income Sources
GLJ Research Initiates Coverage on Legence Corp with Buy Rating
Trump's Board of Peace Engages with DP World on Gaza Reconstruction
Wihlborgs reports 10% rental income growth in first quarter
Exclusive-SpaceX president Shotwell earned $85 million last year, document shows
Bank of China Group Investment’s CNY notes are rated ‘A’ by Fitch....
Wall Street Banks Flag Risks for Kenya’s Shilling as War Rages On
Pakistan’s Bid to Mediate US‑Iran Talks Amid Uncertainty
DONALD TRUMP’S ‘BOARD OF PEACE’ HELD TALKS WITH DP WORLD OVER GAZA RECONSTRUCTION- FT...
Tim Cook Steps Down as Apple CEO After 15 Years
Meta Expands Partnership with Broadcom to Enhance AI Capabilities
Meta has announced an extension of its partnership with chip manufacturer Broadcom, aiming to develop custom processors that will enhance artificial intelligence features across its applications. This renewed agreement, revealed on Tuesday, will last until 2029 and includes an initial commitment of over one gigawatt of computing capacity, sufficient to power approximately 750,000 homes in the United States.
As demand for computing power surges due to advancements in AI, major technology companies like Meta, Google, and Amazon are increasingly designing their own chips to lessen their dependence on Nvidia's high-cost processors. This trend has positively impacted Broadcom, which specializes in custom chip development and infrastructure software, leading to a 3.5% increase in its stock during after-hours trading.
In conjunction with the deal, Broadcom's CEO Hock Tan will resign from Meta's board but will continue to provide advisory support focused on custom chip strategy. Meta's CEO Mark Zuckerberg emphasized that this partnership is crucial for establishing the computing infrastructure necessary to deliver 'personal superintelligence to billions of people.'
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Source: KLEA News