Intel stock plunges on layoffs and earnings report, sinking AI chip stocks Nvidia, TSMC,  and ARM too

Shares in Intel Corporation (ticker: INTC) are trading sharply lower in premarket this morning after the chip giant posted disappointing Q2 earnings yesterday, as well as announcing a massive round of layoffs to get its costs under control. As of the time of this writing, Intel shares are down over 20% in premarket trading.

Intel’s share price drop adds to a

Robocars vs. traffic lights: Which are better at controlling traffic flow?

Robotic vehicles can optimize the flow of traffic in cities even when mixed in with vehicles driven by humans, thereby improving traffic efficiency, safety, and energy consumption, my colleagues and I found.

Robot vehicles are no longer a sci-fi concept: Cities around the world have been testing

How crypto became an election issue again in 2024

Last week, Donald Trump spoke in front of the world’s biggest Bitcoin conference in Nashville. The Republican presidential nominee, who has for months positioned himself as the “crypto candidate,” reportedly raised $21 million at the event; just days after the conference he began selling a lim

Why people are trying to save NASA’s VIPER mission

VIPER isn’t going down without a fight. 

Planetary science fans are asking Congress to step in after NASA unexpectedly pulled the plug on the VIPER—short for Volatiles Investigating Polar Exploration Rover—mission this month. More than 2,000 supporters ranging from engineers to space enthusiasts signed a letter last week led by the Planetary Society asking lawma

Net neutrality deja vu: The Biden administration’s attempt to regulate broadband giants was just blocked in court—again

A U.S. appeals court on Thursday temporarily blocked the Biden administration’s efforts to restore net neutrality rules while a legal case brought by the broadband industry proceeds. 

The delay is just the latest in the on-again-off-again decade-long history of the Federal Communications Commission’s attempt to prohibit internet service providers (ISPs) from blocking,slowing down, or

DoorDash Q2 earnings: The delivery giant posts another strong quarter

DoorDash continued its long-running streak of setting new quarterly records for key metrics in its second quarter, the food delivery giant announced Thursday. 

DoorDash’s second-quarter revenue increased 23% year-over-year to $2.6 billion, beating Wall Street’s estimated $2.54 billion. Total orders gained 19% to 635 million (also better than expected), while marketplace gross order value increased 20% to $19.7 billion. 

Customers have continued to place orders f

Snap’s quarterly revenue falls short of estimates as competition rises

Snap forecast current-quarter sales and adjusted core earnings below market expectations on Thursday as the Snapchat owner grapples with stiff competition from larger rivals for advertising dollars in an uncertain economy.

The image-messaging platform’s second-quarter revenue of $1.24 billion

Elon Musk’s repost of a Kamala Harris deepfake shows he’s no free speech warrior

Welcome to AI Decoded, Fast Company’s weekly newsletter that breaks down the most important news in the world of AI. You can sign up to receive this newsletter every week here.

Elon Musk shares a deepfake, proves himself a big fake

Last Friday night, Elon Musk, the Donald Trump-supporting owner of X, decided to repost a deepfake video of the presumptive Democrat

Why is ARM down? Arm Holdings stock plunges on earnings report, despite AI chip boom

Just a day after chip giants Nvidia and TSMC saw their stock prices rise, opposite fortunes are affecting competitor Arm Holdings. Yesterday after the close of the markets, Arm reported its first quarter results for fiscal year 2025, and in pre-market trading this morning, its shares (ticke

Move over Google and Microsoft: Amazon’s putting $16.4 billion to develop cloud and gen AI infrastructure

Amazon.com is expected to join Google and Microsoft on Thursday in reporting a surge in capital spending on artificial intelligence as Big Tech companies rush to capitalize on the booming t


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