Good morning. And an early Happy Thanksgiving to our American readers.
Similar to a large portion of the United States, we'll be taking a break for the remainder of this week to dine, imbibe, and express gratitude. (I'm particularly appreciative of my Coins2Day colleagues; they're exceptional in every regard.)
We'll resume on Monday. The day's technology updates are provided below. —Andrew Nusca
A postscript: I inquired of a well-known chatbot regarding the optimal pie for holiday festivities, and its reply was “apple pie.” Just in case you were curious about AI's loyalties.
TL;DR
- Nvidia claims to be a generation ahead of Google's AI chips, responding to Meta's potential shift.
- HP plans to cut up to 6,000 jobs by 2028, leveraging AI for cost savings.
- AI music generator Suno settles copyright issues with Warner Music Group, licensing their catalog.
- TSMC and Intel are in a trade secrets dispute, while TikTok adds luxury retail to its shop.
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Nvidia asserts it's 'a generation ahead' of Google's AI chips.
Nvidia is usually the company other firms have to respond to. Not the other way around.
But on Tuesday, the $4 trillion chipmaker did something rare: It took to X to publicly defend itself following a disclosure indicating that a significant client, Meta, is contemplating relocating a portion of its artificial intelligence framework to Google's proprietary silicon, known as TPUs.
This development occurred subsequent to a decline exceeding 2.5% in Nvidia's stock value upon receiving the information, whereas equities in Alphabet—boosted by its favorably received new Gemini 3 model—saw an upward trend for a third consecutive day.
The catalyst was a report from The Information asserting that Google has been marketing its artificial intelligence processors to external firms, such as Meta and various significant banking corporations.
Google currently leases these processors to clients via its cloud platform, but extending TPU deployment into clients' private server facilities would signify a significant intensification of its competition with Nvidia.
That was enough to rattle Wall Street and also Nvidia itself.
“We’re delighted by Google’s success—they’ve made great advances in AI, and we continue to supply to Google,” Nvidia wrote in a post on X. “Nvidia is a generation ahead of the industry—it’s the only platform that runs every AI model and does it everywhere computing is done.”
It's quite evident what's being implied. While Google's TPUs may be gaining momentum, Nvidia aims to assure its investors and clientele that it remains an unassailable force. —Eva Roytburg
HP intends to reduce its workforce by as many as 6,000 positions, prioritizing advancements in artificial intelligence.
A Silicon Valley icon is feeling the squeeze.
HP Inc. On Tuesday shared a full-year profit outlook that fell short of Wall Street estimates.
Furthermore, the firm announced it plans to reduce its workforce by 4,000 to 6,000 individuals (out of its approximately 58,000 staff members) by fiscal year 2028, compensating for this reduction with artificial intelligence technologies projected to yield annual savings of $1 billion.
The modifications will notably impact positions within customer assistance, production, item creation, and revenue-generating departments.
Enrique Lores, the Chief Executive Officer, stated that workforce reductions at HP—which, it's worth recalling, constitutes the PC and printer manufacturing division of the entity previously identified as Hewlett Packard; the remaining segment now operates independently as HPE—were “something we have to do to make sure the company stays competitive.”
HP made a nearly identical cut three years ago.
Regarding the profit forecast: If restructuring expenses are not taken into account, HP anticipates earnings in the range of $2.90 to $3.20 per share for the fiscal year. Experts were looking for $3.32.
Why the disconnect? Not tariffs, for once, but rising costs for memory chips. —AN
Suno has reached an agreement with Warner Music.
The AI music generator Suno and Warner Music Group have struck a partnership that settles previous copyright infringement litigation between the companies.
The revised agreement enables Suno users to utilize licensed music from WMG, featuring artists such as Coldplay, Cardi B, Fleetwood Mac, and Red Hot Chili Peppers, contingent on the artists' consent.
New tools will allow artists to have “full control over whether and how their names, images, likenesses, voices, and compositions are used in new AI-generated music.” It's likely they'll also witness a gradual increase in income from that.
Suno is also set to impose stricter regulations on how completed pieces can be utilized. For instance, individuals using the free tier won't have the option to save their generated outputs.
Under the terms of the agreement, Suno is set to purchase Songkick, which is WMG's platform for finding live music. It's worth noting that Suno receives financial backing from several well-known venture capital firms, such as Lightspeed, Menlo Ventures, and Nvidia's investment division, NVentures.
Will an agreement with one of the major record labels, known as the Big Three, pave the way for similar arrangements with the other two? The outcome remains to be seen. Similar to Warner, both Universal and Sony are currently involved in legal disputes with Suno. —AN
More tech
—TSMC, Intel in trade secrets spat. SVP Lo Wen-jen left the Taiwanese giant after more than two decades for the American icon.
—TikTok taps Ziad Ojakli. The seasoned government affairs professional is set to lead public policy initiatives across the Americas, stepping into the role previously held by Michael Beckerman.
—Klarna debuts first stablecoin. Dollar-backed KlarnaUSD comes to a ‘chain near you' next year.
—Alibaba beats Q2 revenue estimates and ramps cloud spending.
—On the rise: dark factories. Round-the-clock, automated manufacturing facilities proliferate in China.
—Kalshi endures a legal setback. The prediction market is subject to Nevada gaming regulations, a judge rules.
—TikTok Shop adds luxury retail. An $11,000 handbag? After all, why not?