Intel profit boost tied in part to sales of lower-grade chips amid AI demand surge
Intel reported stronger-than-expected first-quarter results, with revenue of $13.6 billion and non-GAAP gross margins reaching 41 per cent, significantly above its own guidance. The company has since indicated that part of the margin improvement came from selling lower-grade or previously unsellable chips as demand for processors surged. The clarification followed questions from analysts about the […]
Google to invest up to $40B in Anthropic
Google plans to invest up to $40 billion in Anthropic, starting with an initial $10 billion at a $380 billion valuation, with the remaining $30 billion tied to performance milestones. The deal underscores the scale of capital now flowing into frontier AI labs as demand for compute and enterprise AI services accelerates. The agreement expands […]
Microsoft offers early retirement to 7% of U.S. workforce
Microsoft is offering about seven per cent of its U.S. workforce the option to retire early through a one-time voluntary program tied to age and tenure. The move comes as the company continues to increase spending on artificial intelligence infrastructure while adjusting its workforce structure. The program will be available to employees whose combined age […]
70,000 customers may be affected in Canada Life cyber incident
Canada Life says it has contained a cybersecurity incident involving unauthorized access to internal applications through an employee account. The company estimates that less than 0.5 per cent of its 14 million Canadian customers, about 70,000 individuals, may have been affected, with personal data potentially exposed. The insurer said it launched an immediate investigation with […]
