Nvidia expects to lose billions in revenue due to H20 chip licensing requirements
As Nvidia reports earnings for the first quarter of its fiscal year 2026, which closed on April 28, the company has released numbers on how the Trump administration’s recent chip export restrictions are affecting business. Nvidia reported that it incurred a $4.5 billion charge in Q1 due to licensing requirements
Read moreVictoria’s Secret hit by outages as it battles security incident
The fashion retailer's outages began Monday.
Read moreGameStop bought $500 million of Bitcoin
GameStop announced on Wednesday that it bought 4,710 Bitcoin, which is worth over $500 million at the time of the purchase. The video game retail chain has struggled to stay relevant in a time when digital gaming purchases are increasingly popular — plus, the company took on a new kind
Read moreStellantis pivots to Google’s Android as in-car partnership with Amazon ends
Three years ago, Stellantis announced it was pairing up with Amazon to create in-car software that would bring a slew of connected products and services to vehicles by 2024 as part of the automaker’s broader plan to generate $22.5 billion annually from software. That never happened. And now, the partnership
Read moreKarat Financial is bringing business banking to creators
Karat Financial, the company known for its credit cards for creators, is launching a creator-focused business banking product. Powered by digital bank Grasshopper, Karat’s banking product is a natural extension of its credit card offering with Visa. “Six years in, the problem we’re solving is still the same,” co-founder and
Read moreOdyssey’s new AI model streams 3D interactive worlds
Odyssey, a startup founded by self-driving pioneers Oliver Cameron and Jeff Hawke, has developed an AI model that lets users “interact” with streaming video. Available on the web in an “early demo,” the model generates and streams video frames every 40 milliseconds. Via basic controls, viewers can explore areas within
Read moreSpotify amps up podcast discovery with new features
Spotify will begin recommending podcasts on its Home page and provide a Following feed for staying up-to-date with the latest episodes.
Read moreGoogle Photos debuts redesigned editor with new AI tools
The redesign adds new AI features, Reimagine and Auto Frame, which were previously only available on Pixel devices.
Read moreMeta wants to open more retail stores
Meta wants to grow its retail footprint, Business Insider reported on Wednesday. As Meta continues to invest in wearables, these stores would ideally help Meta boost the sales of hardware like the Ray-Ban Meta glasses and the Meta Quest VR headsets. These products may be easier to sell if customers
Read moreLexisNexis leaked social security numbers and other personal data of over 364,000 people
The data analytics firm LexisNexis Risk Solutions says it suffered a breach that could have exposed the names, Social Security numbers, contact information, and driver’s license numbers of over 364,000 people, as reported earlier by TechCrunch. In a notice filed with the state of Maine, LexisNexis says “an unauthorized third
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