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OpenAI's reported $500 billion valuation signals AI euphoria [Fortune]
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm
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In an exclusive essay published in Fortune , former CEO Craig Barrett, who served in the role from 1998 to 2005, argues that the U.S. needs a healthy Intel to stay competitive on the global stage. To do that, the cash-poor chipmaker needs a hand from its wealthy customers— Apple Broadcom Google Nvidia , and Microsoft among them. “If 8 of them were willing to invest $5 billion each then Intel would have a chance,” Barrett writes. And plans for breaking up the iconic company? “Be serious,” he adds. ‘Nuff said. Today's tech news below. —Andrew Nusca Want to send thoughts or suggestions to Fortune Tech? Drop a line here Nvidia and AMD to pay U.S. 15% of China chip sales AMD CEO Lisa Su during a Senate Commerce, Science, and Transportation Committee hearing in Washington, D.C., on May 8, 2025. Nathan Howard/Bloomberg/Getty Images Nvidia and AMD have reportedly agreed to pay 15% of their revenues from Chinese AI chip sales to the U.S. government. According to reports by t
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