County Santa Clara Financial News

Volt Typhoon is exploiting a bug in a California-based startup to hack American and Indian internet companies, according to security researchers. Volt Typhoon has breached four US firms, including internet service providers, and another in India through a vulnerability in a Versa Networks server product, according to Lumen Technologies Inc's unit Black Lotus Labs. Their assessment, much of which was published in a blog post Tuesday, found with «moderate confidence» that Volt Typhoon was behind the breaches of unpatched Versa systems and said exploitation was likely ongoing. Versa, which makes software that manages network configurations and has attracted investment from Blackrock Inc and Sequoia Capital, announced the bug last week and offered a patch and other mitigations.

Nvidia has emerged as the leading chip manufacturer with its products powering artificial intelligence products. Jensen Huang, co-founder and CEO of Nvidia, has guided the business during a phase in which its stock price has increased by over 3,700%. Nvidia, a Santa Clara, California-based semiconductor company that powers artificial intelligence technology, boasts a relatively low worker attrition rate. Workers at Nvidia work seven days a week until two in the morning, but few quit due to the AI chip giant's enormous salary. Workers at AI chipmaker Nvidia are expected to work seven days a week, often until two in the morning. However, a report claims that because of the company's generous and lucrative benefits package, employees are reluctant to leave. According to Bloomberg News, ten individuals who have either worked for the company or are currently employed there characterized the atmosphere as a pressure cooker where meetings frequently turn into shouting matches. Also Read: Has Prince Harry offered the Royals an olive branch following Kate and Charles cancer battle; here's all you need to know

AMD is buying server maker ZT Systems in a cash-and-stock deal worth $4.9 billion as the chipmaker strengthens its artificial intelligence capacity in its efforts to compete with Nvidia

The state of California is partnering with tech giant Nvidia to help train California students, college faculty, developers and data scientists in artificial intelligence

Antitrust tensions are heating up in the chipmaking industry

Chipmaker Intel Corp. is cutting 15% of its massive workforce as it tries to turn its business around to compete with more successful rivals like Nvidia and AMD

forecast for artificial intelligence chip sales by $500 million and said supplies would remain tight through 2025, sending shares of the Santa Clara, California-based company up 7.5% in extended trading.

These are designed for exceptional performance across a variety of demanding applications, including gaming, content creation, and software development, said the Santa Clara, California-based company.

Global software giant Microsoft Corp. will pay $14.4 million in California to settle allegations that it discriminated against employees who took protected leave from work

Joe Biden as the official presidential nominee of the Democratic party. This is after his “terrible” performance in the first US Presidential debate on Thursday. Though this may not be possible, some people are looking at potential candidates who could replace Biden. One such candidate is Gavin Newsom who is presently the Governor of the state of California, the hi-tech state of the US and home to the Silicon Valley. He is a supporter of Biden and may seem to be the ideal presidential nominee. However, there are several critics who are likely oppose his nomination, if at all Biden is replaced.

The Pursuit of Happyness and Andy Sachs (Anne Hathway) from The Devil Wears Prada remain fan favourites because of the resilience they display in embracing the unfamiliar. “In a neoliberal economy, productivity and continual self-improvement are emphasised as key to success," says Melissa Brown, assistant professor of communications at Santa Clara University, US.

Tech giant Nvidia is now worth over $3.2 trillion, with its dominance as a chipmaker making it the poster child of the artificial intelligence boom

Nvidia Corp.’s Jensen Huang has steadily climbed the ranks of the world’s wealthiest as the market value of his computer-chip maker touches $3 trillion. Huang hit another milestone on Friday, passing personal computer pioneer Michael Dell to become the world’s 13th-richest person with a net worth of $106.1 billion, according to the Bloomberg Billionaires Index. His wealth has surged more than $62 billion this year as demand for Nvidia chips used to power artificial intelligence tasks remains insatiable.

The Philippines is planning one of the world's biggest buildouts of natural gas infrastructure, with almost two dozen power plants announced and ambitions to become a hub for liquified natural gas for the entire Asia-Pacific region

semiconductor company, has now become the first computer-chip firm to hit a $3 trillion market capitalisation, as per a Bloomberg report. The Santa Clara, California-based company's shares have surged roughly 147 per cent this year, adding about $1.8 trillion due to the increasing demand for its chips that power artificial intelligence (AI) tasks.

More women are reaching the top ranks of the corporate suite of S&P 500 companies, but their numbers are still miniscule compared to their male counterparts

compensation survey, 25 are women. That's the most women making the list since the survey began in 2011. But the numbers haven't budged very much. The second highest tally was 21 women in 2017. The survey, based on data analyzed for The Associated Press by Equilar, includes CEOs at S&P 500 companies who have served at least two fiscal years at their companies, which filed proxy statements between Jan. 1 and April 30, 2024.

Advanced Micro Devices introduced its latest artificial intelligence chips and laid out plans to roll out new products every year in a bid to challenge Nvidia’s dominance in the AI boom. The Santa Clara, Calif.-based company showcased its latest MI325X accelerator at a trade show in Taipei on Monday. The chip, which will be available in the fourth quarter, will help meet growing computing demands at AI data centers, according to a statement.

Shares of Nvidia rose on Thursday after the chipmaker forecast an upbeat second-quarter revenue and announced a stock split that floored investors and once again showcased its dominance in the AI-related chips market. The company's stock rose 6.5% in premarket trading, with rival AI-related chipmakers Advanced Micro Devices, Broadcom and Micron Technology also gaining between 2% and 3%.

Jaya Badiga, a certified family law specialist, has been appointed as a Judge in the Sacramento County Superior Court in the US state of California. Gavin Newsom, the Governor of California, made the appointment of Badiga, who has earlier served as a Commissioner at the Sacramento County Superior Court since 2022. Badiga, born in Vijayawada city of Andhra Pradesh, fills the vacancy created by the retirement of Judge Robert S. Lapham. Badiga, a member of the Democrat Party, also served as an Attorney at the California Department of Health Care Services in 2020 and at the California Governor's Office of Emergency Services in 2018.

Rival computer chip makers are racing to catch up but Nvidia still holds a leading edge in powering the artificial intelligence boom as it prepares to release its latest financial results Wednesday