Nvidia names longtime CFO Colette Kress interim CEO
Kress will keep her finance role while leading the chipmaker temporarily. Her appointment follows Jensen Huang’s resignation, as Nvidia prepares to report quarterly results on November 17.
Topic
Artificial intelligence
The latest NewsJaws reporting on Artificial intelligence: developments, background and what happens next, with every source linked.
25 NewsJaws reports, latest
25 stories
Anthropic proposes $70–$78 IPO range, implying $1.4tn valuation
The proposed sale of 825 million shares could raise as much as $64.35 billion, alongside a separate $26 billion private placement. The terms would give public shareholders...
US stocks slide as AI and chip sell-off wipes out post-election rally
The Dow fell about 3.4% and the Nasdaq 5.2% on Thursday as AI and chip shares sank amid concerns about regulation and investment returns.
Democratic lawmakers call for data center moratorium and AI pause
After the midterms, Bernie Sanders urged a national data center moratorium, while Yassamin Ansari said pausing AI development should be a priority for the new House majority.
Trump says he will ban ‘AI’ from relevant documents in push for ‘super intelligence’
The president’s October 27 statement extends his campaign to replace the term ‘artificial intelligence,’ following a September directive to the executive branch.
Anthropic’s IPO filing says AI could help cure diseases while warning of serious risks
The Claude maker has filed for a proposed US stock-market listing. Its prospectus sets out potential medical benefits and societal risks as investors weigh its rapid growth.
American Express to cut about 3,800 jobs in restructuring aimed at efficiency and AI
The company plans to reduce its global workforce by about 5% and has recorded a $336 million charge. Executives say the changes will simplify operations and prepare them for...
Barclays plans 5,000 job cuts as technology overhaul reshapes workforce
The bank says about 1,000 roles have already gone and expects a further 4,000 cuts by year-end. Its chief executive says AI is part of a broader effort to simplify operations.
Meta plans non-voting shares as it raises AI spending forecast
Meta lifted the lower end of its 2026 capital spending forecast to $135 billion and plans a new non-voting share class as it expands its AI investment.
Siemens warns AI could leave young workers without essential job skills
People chief Judith Wiese says young employees need hands-on experience with routine tasks to assess work produced by AI later in their careers.
World Bank urges locally adapted ‘small AI’ for developing economies
The bank’s chief knowledge officer says tools that work on basic phones, with limited connectivity and in local languages, could extend access to specialised advice.
Kevin Warsh says AI could lift productivity after a bumpy transition
The Federal Reserve chair said AI investment could push up prices in the short term, while its longer-term economic effects remain uncertain.
S&P 500 nears four-year bull run as AI concentration grows
The ten largest companies now account for about 40% of the benchmark, according to figures cited by Reuters, making AI earnings increasingly important to the wider rally.
AI-linked companies expected to drive most S&P 500 earnings growth
Analysts expect third-quarter earnings to rise about 31%, with technology and AI-linked heavyweights contributing roughly two-thirds of the increase.
Oil retreats and stocks edge higher as borrowing pressures persist
Brent slipped to $103.50 a barrel and European shares opened higher on Friday, but elevated yields and demand for AI funding kept investors cautious.
Lawrence Wong urges Singapore to use AI boom to build jobs before an uncertain correction
Singapore’s prime minister said demand for chips and related services offers a chance to build capabilities, while warning that the timing and effects of any AI correction...
Tencent considers up to $5 billion offshore bond sale, Bloomberg reports
The reported proposal follows Tencent’s June borrowing and a sharp increase in spending on computing infrastructure. No completed October transaction has been established.
OpenAI-hosted essay argues AI’s value may lie in carrying out ideas
An essay by Hemanth Asirvatham and Elliott Mokski says scientific breakthroughs depend on the people, tools and institutions that turn ideas into results. Its two paths for...