Super Micro's quarterly revenue misses estimates
Shares of the San Jose, California-based firm fell 11 per cent in extended trading.
The AI server market is becoming more competitive as many companies launch advanced servers and rack configurations.
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Business Times
29 minutes ago
- Business Times
OpenAI releases free, downloadable models in competition catch-up
[SAN FRANCISCO] OpenAI on Tuesday released two new artificial intelligence (AI) models that can be downloaded for free and altered by users, to challenge similar offerings by US and Chinese competition. The release of gpt-oss-120b and gpt-oss-20b 'open-weight language models' comes as the ChatGPT-maker is under pressure to share inner workings of its software in the spirit of its origin as a nonprofit. 'Going back to when we started in 2015, OpenAI's mission is to ensure AGI (Artificial General Intelligence) that benefits all of humanity,' said OpenAI chief executive Sam Altman. An open-weight model, in the context of generative AI, is one in which the trained parameters are made public, enabling users to fine-tune it. Meta touts its open-source approach to AI, and Chinese AI startup DeepSeek rattled the industry with its low-cost, high-performance model boasting an open weight approach that allows users to customise the technology. 'This is the first time that we're releasing an open-weight model in language in a long time, and it's really incredible,' OpenAI co-founder and president Greg Brockman said during a briefing with journalists. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up The new, text-only models deliver strong performance at low cost, according to OpenAI, which said they are suited for AI jobs like searching the internet or executing computer code, and are designed to be easy to run on local computer systems. 'We are quite hopeful that this release will enable new kinds of research and the creation of new kinds of products,' Altman said. OpenAI said it is working with partners including French telecommunications giant Orange and cloud-based data platform Snowflake on real-world uses of the models. The open-weight models have been tuned to thwart being used for malicious purposes, according to OpenAI. Altman early this year said his company had been 'on the wrong side of history' when it came to being open about how its technology works. He later announced that OpenAI will continue to be run as a nonprofit, abandoning a contested plan to convert into a for-profit organisation. The structural issue had become a point of contention, with major investors pushing for better returns. That plan faced strong criticism from AI safety activists and co-founder Elon Musk, who sued the company he left in 2018, claiming the proposal violated its founding philosophy. In the revised plan, OpenAI's money-making arm will be open to generate profits but will remain under the nonprofit board's supervision. AFP
Business Times
an hour ago
- Business Times
US charges Chinese nationals with Nvidia chips export breach
[WASHINGTON] Two Chinese nationals were arrested this week on charges that they sent tens of millions of US dollars worth of advanced AI chips made by Nvidia to China in violation of US export restrictions, according to authorities. The defendants used a company based in El Monte, California, to export sensitive technology, including graphics processing units, used in artificial intelligence (AI), without obtaining the necessary government licenses, the Justice Department said on Tuesday (Aug 5). According to a criminal complaint provided by the agency, the two individuals shipped Nvidia-designed chips, including the company's H100 AI accelerators, which are the basis for computers used to create and run AI software. Such chips require official approval for sales to certain countries. The accused were identified by authorities as Chuan Geng, 28, of Pasadena, and Shiwei Yang, 28, of El Monte. They have been charged with violating the Export Control Reform Act and could face up to 20 years in prison, according to the Justice Department. Lawyers for the Geng and Yang could not be immediately located for comment. Spokespeople for Nvidia did not immediately respond to a request for comment. Over the past several years, the US has steadily tightened restrictions on exports of semiconductors and chipmaking equipment to keep China from gaining ground in the race for AI dominance. The Trump administration is exploring ways to include enhanced location-tracking in AI chips to help with export control enforcement. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Up until being superseded earlier this year by a new line of products from Santa Clara, California-based Nvidia, the H100s were considered the most capable such processors. Their export to China and other countries, which the US has deemed a threat to national security, requires licenses from the Commerce Department which are not usually given. Geng and Yang operated a company called ALX Solutions that was founded in 2022, shortly after the US Commerce Department began requiring licenses to sell such chips to overseas buyers, the Justice Department said. Authorities said that they searched the ALX Solutions office and seized phones belonging to Geng and Yang and found evidence of communications about shipping chips covered by export controls to China through Malaysia in violation of US restrictions. Yang was also accused of overstaying her visa, according to the Justice Department. Geng is a legal permanent resident, authorities said. A federal judge in Los Angeles on Monday ordered Geng released on a US$250,000 bond and scheduled a detention hearing for Yang on Aug 12. The court did not take any pleas in the case. The Commerce Department's Bureau of Industry and Security is assisting the probe, along with the Federal Bureau of Investigation. BLOOMBERG
CNA
2 hours ago
- CNA
Apple supplier Skyworks forecasts upbeat quarterly results on strong chip demand
Apple supplier Skyworks Solutions forecast fourth-quarter revenue and profit above Wall Street expectations on Tuesday, benefiting from steady demand for its analog chips amid economic uncertainty, sending its shares up around 10 per cent in extended trading. Demand for Skyworks' chips has remained strong, supported by their applications across industries such as automotive and mobile, even as global trade tensions raise concerns over supply chain disruptions and rising costs. "We're encouraged by the momentum in mobile and steady strength across our broad markets, driven by long-term growth trends in edge IoT, automotive and data center," CEO Phil Brace said. Skyworks designs and manufactures analog and mixed-signal chips used in wireless communication, automotive, industrial and consumer electronics. Earlier this year, the company named insider Robert Schriesheim as interim finance chief, after Mark Dentinger, who was initially set to assume the role, decided not to join. Skyworks forecast fourth-quarter revenue between $1 billion and $1.03 billion, compared with analysts' estimates of $887.4 million, according to data compiled by LSEG. The company expects fourth-quarter adjusted earnings per share of $1.40, ahead of analysts' expectations of 97 cents per share. For the third quarter ended June 27, Skyworks reported revenue of $965 million, beating expectations of $940.9 million.
