Nvidia forecast quarterly revenue more than 50% above Wall Street estimates, with Chief Executive Officer Jensen Huang saying in a statement the company is "significantly increasing our supply to meet surging demand" for its data center chips.
Dozens of employees working in teams such as marketing, site security, enterprise engineering, program management, content strategy and corporate communications took to LinkedIn to announce that they were laid off.
Ahead of its possible foray into the semiconductor space, Tata Group is scouting land near its electronics manufacturing facility in Tamil Nadu to expand operations, sources told us. This and more in today’s ETtech Morning Dispatch.
Matrix Partners began deploying its fourth India dedicated fund, originally intended to close at $450 million in size, a year ago, and has since backed 18-20 companies from the pool of capital.
DeSantis is considered a credible challenger to seizing the Republican nomination from frontrunner Donald Trump in the 2024 election, and his tie-up with Musk's Twitter has generated buzz.
Shein was founded in China and manufactures most of its products there, but is seeking to diversify. The company sells $10 dresses and $5 tops and has taken market share from other affordable fashion retailers.
Plans are still on the drawing board and the storied Silicon Valley venture capitalist (VC) may not necessarily follow through with them, the sources cautioned. Menlo Park-headquartered Sequoia Capital had invested a sum of $16 million in Pankaj Singh-founded La Renon Healthcare in June 2015 at a valuation of around $100 million.
