Dan Ives

Nvidia on Monday unveiled its latest family of chips for powering artificial intelligence, as it seeks to consolidate its position as the major supplier to the AI frenzy.

U.S. chip giant Nvidia, whose products play a crucial role in artificial intelligence systems, crushed expectations, as the post-ChatGPT AI frenzy continues to lift the tech sector.

The sticker prices for Ford's F-150 Lightning electric pickup trucks are being lowered by thousands of dollars across the board, the company has said, due to increased plant capacity, falling costs for battery raw materials and internal efforts to scale production by the Detroit automaker.

Microsoft is readying to cut more positions from its global workforce as tech giants continue paring headcount to ride out rough economic conditions, according to media reports.

A Microsoft spokesperson told AFP that the company would not comment on what it referred to as "rumor."

Courted and then jilted by the world's richest person, Twitter looks well positioned to win a court battle with Elon Musk over a $1 billion breakup fee and more -- but the company will not emerge unscathed.

The entire saga has left observers baffled by what Wedbush analyst Dan Ives described as "one of the craziest business stories ever."

Twitter shares slid late on July 8 after a Washington Post report that Elon Musk's $44 billion deal to buy the social media giant is in danger.

The world's richest man has previously expressed misgivings and even implied he could walk away from the deal over concerns about what he believes are an abundance of fake accounts.

Microsoft's $69 billion deal to buy video game powerhouse Activision Blizzard is expected to win out with regulators despite vows in Europe and the United States to rein in tech titans.

Microsoft has won a Pentagon contract for augmented reality headgear for soldiers worth $21.88 billion over the next decade, the company and the U.S. military announced on March 31.

The headsets, based on commercially available HoloLens, will make soldiers safer and more effective, according to Microsoft technical fellow Alex Kipman.