The artificial intelligence race wouldn’t be full speed ahead without chips. And that in itself is becoming a race between companies — and even governments. On Monday, the Biden administration announced it was allocating $285 million in CHIPS and Science Act funding to companies that can establish and operate an…Read more...

Boeing received yet another piece of disappointing news in a year when it’s already received a lot of it. Spirit Airlines CEO Ted Christie said the airline industry was a rigged game right after revealing that his company had yet another quarterly loss. Plus, a familiar carrier’s name made its way back to the top of…Read more...

This week, reports surfaced that Apple is developing its own AI chips to sit in data centers and power AI applications. While there are few details on that project, Apple did release details about its new chip, the M4, for its latest iPad Pro that’s capable of efficiently running AI workloads. Read more...

In retail news, Applebee’s and IHOP say customers are ditching their higher priced menu items for tenders and burgers. Aldi wants to compete with Walmart and Target and plans to do so by cutting prices on 250 items. Krispy Kreme had its best sales day ever, thanks to Valentine’s Day.Read more...

It’s been another whirlwind of a week at Tesla. The electric vehicle company has continued its sweeping layoffs — both in the U.S. and China — and taken down all but a handful of job postings worldwide. Plus, Elon Musk’s statements about Tesla’s self-driving technology are being investigated by U.S. prosecutors;…Read more...

Apple issued a rare apology on Thursday for its iPad Pro “Crush” commercial after it faced widespread backlash from users who said it did not reflect the tech giant’s commitment to creativity. Read more...