Author: Daniel snow

[ad_1] Thomas Fuller | SOPA Images | Lightrocket | Getty ImagesAmbarella shares popped 17% after a report that the chip designer is currently working with bankers on a potential sale.Bloomberg reported the news, citing sources familiar with the matter.While no deal is imminent, the sources told Bloomberg that the firm may draw interest from semiconductor companies looking to improve their automotive business. Private equity firms have already expressed interest, according to the report.The Santa Clara, California-based company is known for its system-on-chip semiconductors and software used for edge artificial intelligence. Ambarella chips are used in the automotive sector for electronic…

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[ad_1] Speaker of the House Rep. Mike Johnson (R-LA) speaks during his weekly press conference at the US Capitol on June 24, 2025 in Washington, DC. Tasos Katopodis | Getty ImagesHouse Speaker Mike Johnson, R-La., argued Tuesday that the War Powers Act, a Nixon-era law limiting the president’s power to unilaterally wage war, is unconstitutional, and vowed that a pending resolution to bar U.S. military action in Iran under that law will not pass the House.Johnson told reporters that President Donald Trump’s decision to order strikes on Iranian nuclear targets over the weekend was “clearly” within his powers under Article…

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[ad_1] Nvidia CEO Jensen Huang attends a round table discussion at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 11, 2025. Sarah Meyssonnier | ReutersNvidia CEO Jensen Huang sold 100,000 shares of the chipmaker’s stock on Friday and Monday, according to a filing with the Securities and Exchange Commission.The sales are worth nearly $15 million at Tuesday’s opening price.The transactions are the first sale in Huang’s plan to sell as many as 600,000 shares of Nvidia through the end of 2025. It’s a plan that was announced in March,…

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[ad_1] Milan Markovic | E+ | Getty ImagesThe average 401(k) savings rate has maintained a record high, as some retirement plans make it easier for workers to enroll and contribute.In 2024, the average combined savings rate for employee deferrals and company deposits was an estimated 12%, according to Vanguard’s newly released yearly analysis of more than 1,400 qualified plans and nearly 5 million participants. That percentage matched record-high levels from 2023.A separate report from Fidelity also noted all-time high 401(k) savings rates, with the combined worker and company rate climbing to 14.3%. Those findings reflected 25,300 corporate plans with 24.4…

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[ad_1] Dario Amodei, Anthropic CEO, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 21st, 2025. Gerry Miller | CNBCAnthropic’s use of books to train its artificial intelligence model Claude was “fair use” and “transformative,” a federal judge ruled late on Monday.Amazon-backed Anthropic’s AI training did not violate the authors’ copyrights since the large language models “have not reproduced to the public a given work’s creative elements, nor even one author’s identifiable expressive style,” wrote U.S. District Judge William Alsup.”The purpose and character of using copyrighted works to train LLMs to generate new text was…

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