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Nvidia to buy Israeli deep learning co Deci AI - report

Nvidia has struck a deal to acquire Deci AI, which has developed technology to compress generative AI language models, "The Information" reports. ....

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Mobileye Global: Mobileye quarterly loss widens, revenue plunges as chip orders decline, ET Telecom

Mobileye Global: Mobileye, owned by Intel, said net loss widened to $218 million in the quarter from $79 million a year ago, weighed down by a slump in sales. ....

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Mobileye Releases First Quarter 2024 Results and Provides Business Overview

Mobileye Releases First Quarter 2024 Results and Provides Business Overview
streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.

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Mobileye falls on mixed Q1 results

The results were in line with the profit warning issued by the Israeli company at the start of the year. ....

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Intel Spinoff Mobileye Revenue Falls Amid Supply Chain Reset, CEO Optimistic About Recovery

Mobileye Global Inc (NASDAQ:MBLY) reported a fiscal first-quarter 2024 revenue decline of 48% year-on-year to $239.00 million, beating the consensus of $231.56 million. Adjusted EPS of $(0.07) missed the consensus loss of $(0.06). “The financial results in the first quarter reflect a supply chain reset as the excess inventory held by our customers is consumed. We are encouraged that the inventory drawdown and associated recovery in revenue appears to be on-track to what we laid out in January,” ....

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