Author: Press Room

Cerebras Systems, a maker of artificial intelligence chips, priced its IPO at $185 a share, above the expected range, as investors gear up for what’s expected to be a very busy year for new AI offerings. The IPO reeled in $5.55 billion for Cerebras, which sold 30 million shares, according to a statement on Wednesday. Underwriters have the option to purchase an additional 4.5 million shares. The company is hitting the market during a silicon renaissance. Intel, Advanced Micro Devices and memory maker Micron are each up more than 80% in the past month, and have notched much more dramatic…

Read More

NEWYou can now listen to Fox News articles! Vice President JD Vance warned Wednesday that states could lose federal funding if they fail to aggressively pursue Medicaid fraud, escalating the Trump administration’s pressure campaign on governors and state Medicaid officials.”We are sending letters that will require them to show that they are effectively and aggressively prosecuting Medicaid fraud in their states. And if they do not, if they do not aggressively prosecute Medicaid fraud, we are going to turn off the money that goes to these anti-fraud units,” Vance said during a fraud news conference Wednesday.Vance said the federal government…

Read More

NEWYou can now listen to Fox News articles! After Cal Raleigh walked, struck out and flew out in his first three plate appearances Tuesday, his hitless streak stretched to 38 consecutive at-bats.The Seattle Mariners’ catcher, runner-up to Aaron Judge in the American League MVP vote last year after hitting 60 home runs, had Major League Baseball’s longest single-season hitless streak since Craig Counsell went 0-for-45 in 2011.But in the top of the seventh, Raleigh finally broke out of his slump, singling to center field. He stayed hot in the ninth, singling to left. Seattle Mariners catcher Cal Raleigh hits a…

Read More

NEWYou can now listen to Fox News articles! Condemned prisoners on California’s death row are partly filling their time by watching pornography and engaging in lewd conversations using taxpayer-funded tablets, according to reports, as the state continues its shift toward a Norwegian-inspired approach to rehabilitating criminals. In an effort to connect its prison population with the outside world, California issued around 90,000 tablets to inmates as part of a multimillion-dollar program where incarcerated people could send and receive messages in real time to loved ones amid a push for digital equity.The devices could also be used, in theory, for educational purposes.…

Read More

The president of a union that recently helped Uber drivers ratify a contract in Victoria, B.C., says he was contacted by contract delivery drivers in Saskatoon who walked off the job last week over what they deem unfair and unsafe working conditions. Dozens of drivers contracted by contract delivery company Dragonfly, which handles packages for companies including Amazon, walked off the job last Friday, demanding better pay rates, more consistent scheduling and safer working conditions.Now, these workers say they are looking to form a union to increase their collective power and negotiate better working conditions with Dragonfly.“There is no benefit…

Read More

US President Donald Trump heads into a series of meetings with China’s Xi Jinping in Beijing on Thursday (May 14), aiming to secure secure economic gains, preserve a fragile trade truce and navigate thorny issues including the Iran conflict and US arms sales to Taiwan.Xi is set to welcome Trump with pomp and ceremony at the Great Hall of the People at 10am – a display that underscores the significance of the visit even as deep tensions persist between the world’s two largest economiesThe US president arrived late on Wednesday for the two-day summit, accompanied by top executives including Nvidia’s…

Read More