AI spending is boosting the economy, but many businesses are in survival mode

AI spending is boosting the economy, but many businesses are in survival mode

Cameron Pappas, owner of Norton’s Florist Norton’s For Cameron Pappas, owner of Norton’s Florist in Birmingham, Alabama, the artificial intelligence boom is a world away. While companies like Nvidia, Alphabet and Broadcom are lifting the stock market to fresh highs and bolstering GDP, Pappas is experiencing what’s happening in the real economy, one that’s far removed…

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Intel beats on sales in first earnings report since U.S. government became top shareholder

Intel beats on sales in first earnings report since U.S. government became top shareholder

Intel CEO Lip-Bu Tan holds a wafer of CPU tiles for the Intel Core Ultra series 3, code-named Panther Lake, outside the Intel Ocotillo campus in Chandler, Arizona. Panther Lake is the first client system-on-chips (SoCs) built on the Intel 18A process node. Courtesy: Intel Intel reported better-than-expected revenue on Thursday, signaling that demand for…

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