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Nvidia stock’s correction has accelerated since Microsoft’s CEO hinted the frenzied demand for AI chips may be waning

adminDecember 18, 202408 mins

Nvidia CEO Jensen Huang said companies will need more computational power to improve artificial intelligence.Mads Claus Rasmussen/Ritzau Scanpix/AFP via Getty Images Nvidia stock is approaching bear market territory after falling 17% from its record high in November. The selling has intensified since recent comments from Microsoft’s CEO suggested the chip craze is waning. Wedbush analyst…

Healthcare CEO Brian Thompson Was Living Apart From Wife Before Death

adminDecember 6, 202404 mins

Originally appeared on E! Online New details are being uncovered about Brian Thompson amid the investigation into his death. The UnitedHealthcare CEO—who was shot and killed by an unidentified assailant outside of a New York hotel on Dec. 4—had been living separately from his wife Paulette Thompson for years at the time of his passing,…

CEO of self-driving startup Motional is stepping down

adminSeptember 19, 202405 mins

Motional, the autonomous vehicle startup backed by Hyundai, is shaking up its leadership ranks. Karl Iagnemma, an early pioneer in the autonomous vehicle industry whose startup Nutonomy lies at the foundation of Motional, is stepping down as president and CEO. Iagnemma will move over to a senior strategy advisor role, while CTO Laura Major will…

Starbucks North America CEO Michael Conway Quits After Just 6 Months In The Position

adminSeptember 18, 202405 mins

Starbucks North America CEO Michael Conway Quits After Just 6 Months In The Position In a surprising move, Michael Conway, Starbucks (NASDAQ:SBUX) North America CEO, has resigned after only six months in the role. What Happened: Conway, who took on the position in April, informed the company of his decision last week, as per a…

Rivian CEO explains why he made ‘a very intentional effort’ not to copy Tesla’s strategy

adminSeptember 6, 202404 mins

Rivian CEO RJ Scaringe spoke about Elon Musk and Tesla on the “Grit” podcast.Phillip Faraone/Chesnot/Getty Images Rivian CEO RJ Scaringe spoke about Elon Musk and Tesla on the “Grit” podcast. Scaringe said Tesla is “inspiring,” but Rivian did not follow Musk’s playbook. He said it’s important that Rivian wasn’t “covering the same ground as Tesla.”…

What to know about Telegram CEO Pavel Durov’s suprise detention in France

adminAugust 27, 2024010 mins

Pavel Durov, the CEO and founder of messaging app Telegram, was detained in Paris on Saturday as part of an ongoing French investigation into financial and cyber crimes. On Monday, French officials said he remains under arrest, though he has not been charged with any crime. French President Emmanuel Macron denied the arrest was politically…

Why Porsche NA CEO Timo Resch is betting on ‘choice’ to survive the turbulent EV market

adminAugust 18, 2024010 mins

Timo Resch is basking in the sun. That’s literally true, as we speak on a gloriously clear California day at the Quail, one of Monterey Car Week’s most prestigious events. But it’s figuratively true as well, as Resch, who took the CEO role at Porsche Cars North America (PCNA) last November, is in a very…

Former YouTube CEO Susan Wojcicki has passed away at age 56

adminAugust 10, 202405 mins

Tragedy has again struck a famous Silicon Valley family. Former YouTube CEO Susan Wojcicki has passed away, according to social media posts by her husband, Dennis Troper, and by Google CEO Sundar Pichai. She was 56. Wrote Troper on Facebook earlier Friday night, “It is with profound sadness that I share the news of Susan…