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President Joe Biden and former President Donald Trump were once set to face each other in a presidential rematch.Anna Moneymaker and Kevin Dietsch/Getty ImagesDonald Trump is seizing on recent comments from Joe Biden to attack Kamala Harris.Biden on Tuesday appeared to call Trump supporters “garbage.” He quickly clarified his remark.The gaffe takes some of the spotlight off Trump, who’s been criticized for the tone of his MSG rally.After Vice President Kamala Harris’ rise to the top of the Democratic ticket, former President Donald Trump has remained fixed on his former opponent, President Joe Biden.But this week, Trump was handed a…
Amazon CEO Andy JassyREUTERS/Mike Blake; Chelsea Jia Feng/BIWall Street analysts expect Amazon to deliver an earnings beat when it reports quarterly results on Thursday Expanding growth in Amazon’s cloud platform is a bullish driver, analysts said. Yet, slowing consumer spending and investments by the company in other areas could be headwinds. Wall Street is gearing up for Amazon to deliver strong quarterly financial results after the closing bell on Thursday, though uncertainty lingers about how the company might navigate a slowdown in consumer spending. Most analysts anticipate solid earnings and further upside for Amazon stock, driven by its cloud platform…
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AMD CEO Lisa SuAMDAMD’s GPU sales are nearing CPU sales, driven by AI data center demand.AMD raised its 2024 GPU sales forecast to over $5 billion, up from $4.5 billion.Analysts predict AMD’s GPU sales will grow, but CPUs remain crucial for AI workloads.If the central processing unit was the engine of the first age of computing, the graphics processing unit will fuel the next — at least according to CEOs like AMD’s Lisa Su.”We’re actually seeing now our GPU business really approaching the scale of our CPU business,” Su said on the company’s third-quarter earnings call Tuesday.AMD came up against…
My test car, a metallic gray 2024 BMW I5 M60 xDrive EV sports sedan.Benjamin Zhang/Business InsiderThe 2024 BMW I5 is the first all-electric version of the iconic 5-Series midsize sports sedan.I was impressed by the I5’s exhilarating performance, luxurious cabin, and understated looks.I was disappointed by its lack of range compared to competitors like Tesla and Lucid. The BMW 5-Series is automotive royalty. For over half a century, the Bimmer has helped define what it means to be a world-class luxury sports sedan.With the launch of the new eighth-generation 5-Series, BMW’s bread-and-butter executive sedan can finally be had as an…
Take-Two, which owns franchises like “Red Dead Redemption,” is looking to offload its adtech asset Chartboost.Business Wire/Take-Two Interactive Software, Inc.Take-Two Interactive is in talks to sell its adtech division Chartboost.The sale aligns with Take-Two’s focus on premium or “AAA” gaming assets.AppLovin and LoopMe are potential buyers. Talks are not yet finalized.Take-Two Interactive, the video games giant behind franchises like “NBA 2K24” and “Grand Theft Auto,” is in talks to sell its adtech division Chartboost.The company plans to offload Chartboost to streamline its focus on premium or “AAA” gaming, according to multiple people familiar with the process. These people asked for…
Meet Zhang Yiming, the extremely private billionaire behind TikTok who is now China’s richest person
ByteDance founder Zhang Yiming is now China’s richest man.Visual China Group via Getty Images; Ruobing Su/Business InsiderZhang Yiming has built a $49.3 billion fortune since cofounding ByteDance, the Chinese tech giant behind TikTok.Zhang is highly private and little is publicly known about his personal life.He recently became the richest person in China. Here’s a look at his career and life.The widespread popularity of TikTok has created not only a new generation of social media stars — it’s also helped mint China’s wealthiest person.Zhang Yiming, the 41-year-old software engineer who founded the app’s parent company, ByteDance, now has a net worth…
Lisa Su is AMD’s chairwoman and CEO.I-Hwa CHENG / AFPAMD said on Tuesday that its revenue in the third quarter rose by 18% from the same time last year.AMD aims to close the gap with Nvidia, which controls more than 80% of the GPU market.Despite its growth, AMD’s stock fell by as much as 10% post-earnings, reflecting investor concerns.During Advanced Micro Devices’ third-quarter earnings call on Tuesday, CEO Lisa Su said the company had “closed a good part of” the gap with Nvidia, its AI rival.But AMD still lags behind Nvidia in the market for GPUs, or graphics processing units,…
I’m often down for a visit to Tatte Bakery & Café. Tyson BatemanI’ve been to Tatte Bakery & Café a few times and recently visited a location in Reston, Virginia.The chain has 40 cafés throughout Massachusetts and the greater DC area.I never skip a cup of coffee here, and the food is very impressive — especially the desserts.I don’t often eat at chains.It’s not because I have much against big business, it’s just that, as a restaurant critic, most of my dining is ultra-local and for workOne notable exception is Tatte Bakery & Café, a Boston-born fast-casual eatery that has…
Former Google CEO Eric Schmidt.Shahar Azran/Getty ImagesEric Schmidt says drones are the future of warfare, calling tanks “useless.””A $5,000 drone can destroy a $5 million tank,” he said.Schmidt has a startup building AI-powered drones to help Ukraine.Former Google CEO Eric Schmidt said future wars would be fought by AI-powered drones and urged the US military to do away with what he called “useless” tanks.Speaking Wednesday at the Future Investment Initiative conference in Saudi Arabia, Schmidt said the low cost of automated drones would soon make traditional forms of combat obsolete.”The world has an awful lot of tanks. Those tanks are…