Rivian to raise nearly $15 billion in debt for EV plant in Georgia
November 14th, 2023 07:27
The taxable bonds would be issued by the Georgia Department of Economic Development and the Joint Development Authority of Jasper, Morgan, Newton and Walton Counties, according to an agreement on Nov. 9, it said in a securities filing, adding that Rivian has agreed to purchase bonds as they are issued.
Amazon cuts games unit jobs in broader restructuring
November 14th, 2023 07:27
"After our initial restructuring in April, it became clear that we needed to focus our resources even more on the areas that are growing with the highest potential to drive our business forward," said Christoph Hartmann, vice president of Amazon Games, in the Nov. 13 email.
BlackRock-backed Jolt launches on-street EV chargers in UK
November 14th, 2023 07:27
Jolt is rolling out chargers in the London borough of Barnet and CEO Doug McNamee said the company was in talks to do the same in other boroughs. Barnet has received a 2.1 million pound ($2.6 million) government grant for EV charging infrastructure.
Nvidia upgrades flagship chip to handle bigger AI systems
November 14th, 2023 07:27
The H200, as the chip is called, will overtake Nvidia#39;s current top H100 chip. The primary upgrade is more high-bandwidth memory, one of the costliest parts of the chip that defines how much data it can process quickly.
Wall Street mixed ahead of key US inflation data
November 14th, 2023 07:27
On Friday, Moody#39;s downgraded its outlook on US debt to "negative" from "stable," ahead of a November 17 deadline for a budget deal in Congress to avert a government shutdown.
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