The president touted the latest effort by Intel to bring manufacturing back the United States after the U.S. government acquired a stake in the company last year.
Hunter Biden is building a large online following, and is using his new platform to defend the intel officials who defended his dad — and him.
President Trump is pursuing a Bernie-like interest in having the U.S. government take stakes in AI giants — not out of populism, but with a dealmaker's eye for profit. Why it matters: Having the government take equity in private companies — anathema to free-market capitalism and Republican dogma about "picking winners and losers" — has become a defining feature of Trump's second term. - The U.S. government now owns shares of chipmakers, miners and quantum computing companies, often taking a stake in exchange for federal money that was originally meant to come with no ownership strings attached. - Trump said Friday that he "should be a stockbroker," pointing to his administration's recent deal to take a stake in Intel. By the…
The world’s most valuable company is chasing Intel and Apple as it tries to bring A.I. agents to laptops and desktops.
The company best known for powering the AI boom is coming for the PC: Nvidia is expected next week to debut the first Windows computers that use its chips as the main processor, sources confirm to Axios. Why it matters: Microsoft's first AI PC push stumbled , but Nvidia's arrival gives it a second chance, this time with the world's hottest chipmaker attached. Driving the news: Nvidia and Microsoft will unveil their joint work and the first computers running the chips at two key industry conferences — the Computex trade show in Taiwan and Microsoft's Build developer conference in San Francisco. - Nvidia-powered PCs are expected both from Microsoft's homegrown Surface brand as well as other computer makers, including Dell, sources…
Intel, along with Taiwan and South Korea, are the latest winners, our columnist says. True diversification is hard to find.
The chip maker reported a 7 percent rise to $13.6 billion in its latest quarter, more than $1 billion more than Wall Street expected.
Spirit Airlines is in talks with the White House over a potential bailout — a move that could test how far the Trump administration is willing to go to prop up a struggling private-sector company. Why it matters: A bailout would mark the latest in a series of increasingly aggressive examples of economic interventionism on the president's part. Catch up quick: Spirit — a budget airline that's been teetering on the edge of liquidation — is in advanced discussions to borrow up to $500 million from the government, according to a person familiar with the matter. - The deal would likely provide equity warrants giving Uncle Sam a substantial ownership stake in the trouble business — possibly as much as 90%. - "I guess it would be the…
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