US lawmakers are growing concerned about Intel’s future, with some discussing possible additional bailouts. The company has faced significant challenges, including production issues, software errors, and lagging performance. Despite a high-profile turnaround attempt by CEO Pat Gelsinger, Intel’s fortunes have continued to decline. However, the discussions among lawmakers are seen as a sign of their … Read more
The US Commerce Department is exploring options to rescue struggling chipmaker Intel, with a potential merger being considered. The move aims to ensure the US remains self-sustaining in semiconductor production, as Intel’s financial woes threaten its ability to maintain “mature” processes and facilities. Intel’s chip business is crucial to the US’s semiconductor ambitions, but its … Read more
The United States Commerce Department is exploring ways to help Intel overcome its financial woes, which have been exacerbated by a record $16.6 billion net loss this quarter. While the CHIPS act may provide some relief, it appears that a merger with a rival company could be a more viable solution. AMD and Marvell are … Read more
Philadelphia District Attorney Larry Krasner has sued Tesla CEO Elon Musk and his America PAC over a $1 million daily giveaway to voters in swing states, including Pennsylvania. The DA claims the promotion is an illegal lottery that violates state consumer protection laws and lottery regulations. Krasner testified that he would have sued pop star … Read more
Elon Musk’s pro-Trump group, America PAC, claims its $1 million-a-day giveaway to registered voters is not a random lottery, but rather picks people who would be good spokespeople for its agenda. The billionaire’s lawyer, Chris Gober, testified in a Pennsylvania court hearing that the winners are chosen based on their potential to serve as representatives … Read more
A lawyer for Elon Musk’s political action committee told a Philadelphia judge that the winners of his $1 million-a-day voter sweepstakes in swing states haven’t won by chance, but were selected to be paid “spokespeople” for the group. According to Chris Gober, the PAC is choosing recipients based on their personal stories and has them … Read more
Warren Buffett’s Berkshire Hathaway has been selling more shares of Apple and other companies, trimming its stock buybacks, and piling up cash. As of September, the company had $352.2 billion in cash reserves, a 17.4% increase from the previous quarter. The reasons behind this move are twofold: Buffett believes that stocks are trading above their … Read more
Warren Buffett’s conglomerate, Berkshire Hathaway, has reached a record cash balance of $325.2 billion, driven by significant stock sales and a slowdown in share buybacks. The company’s massive cash reserve grew 16% from the previous quarter, as Buffett continued to shed investments. Berkshire sold about a quarter of its Apple stake in the third quarter, … Read more
Warren Buffett, 94, is signaling that he’s not optimistic about the stock market. Berkshire Hathaway’s latest move reflects this, as the conglomerate’s cash pile reached a record $325.2 billion in the third quarter. This represents more than the combined value of Nike, Goldman Sachs, Coca-Cola, and Disney. Berkshire has reduced its stakes in key companies … Read more
FFmpeg developers have successfully implemented a handwritten AVX-512 assembly code path, resulting in up to 94 times faster performance compared to standard implementations. This optimization is particularly valuable for users running on high-performance hardware capable of executing AVX-512 instructions. The improvement comes from leveraging the AVX-512 instruction set’s ability to process large chunks of data … Read more