Tech Giants Make Moves

This week was a rollercoaster ride for the tech industry, with significant developments from major players like Amazon.com Inc. (NASDAQ: AMZN ) , Meta Platforms Inc. (NASDAQ: META ) , AT&T Inc. (NYSE: T ) , Intel Corp. (NASDAQ: INTC ) and Alphabet Inc. (NASDAQ: GOOG ) (NASDAQ: GOOGL ) .

Amazon’s AI Chip Strategy Takes A Leap Amazon is expanding its Trainium AI chip strategy beyond its cloud computing service, AWS.

The company’s AI chief, Peter DeSantis , revealed that discussions with potential customers have begun, although he did not disclose their identities.

This move comes as investors embrace a broader risk-on trade, leading to a surge in technology stocks.

Read the full article here.

Meta, TikTok And YouTube Face Legal Challenge A federal appeals court has given Ohio the green light to enforce a law requiring social media platforms to obtain parental consent before allowing users under 16 to access their services.

This decision overturns a lower court ruling that had previously blocked the Social Media Parental Notification Act from taking effect.

Read the full article here.

Read Also: Anthony Scaramucci Says He Cuts His Kids Off Mid-Sentence When They Use These Two Words — And Investors Should Avoid Them Too AT&T’s Copper Exit Plan Hits A Snag AT&T’s plan to exit copper is facing resistance from the California Public Utilities Commission (CPCU).

The state agency argues that AT&T is trying to evade its obligations as a carrier of last resort and ensure access to basic telephone service.

Read the full article here.

Intel Appoints Former SK Hynix CEO Intel has appointed former SK Hynix and SK On CEO Seok-Hee Lee as executive vice president of its contract chip-manufacturing business.

Lee will report directly to CEO Lip-Bu Tan and oversee advanced packaging, system integration, back-end technology development, and back-end manufacturing.

Read the full article here.

Google’s Gemini Co-Lead Joins OpenAI Noam Shazeer , Vice President of Engineering and Gemini co-lead at Google DeepMind , is leaving to join OpenAI .

Shazeer expressed his excitement about joining OpenAI and acknowledged the difficulty of his decision to leave Google.

Read the full article here.

Phot courtesy: Shutterstock Disclaimer :  This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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