Kioxia reports record Q4 earnings of ~$3.8B, forecasts Q1 operating profit of ~$8.2B, and says it is planning a US listing; Kioxia shares are up 300% YTD (Bloomberg)
A profile of Amazon CEO Andy Jassy, who is killing projects, cutting staff, and pleasing Wall Street, while steering the company toward an AI-focused era (Bloomberg)
Foxconn reports Q1 revenue up 29% YoY to ~$67B and net profit up 19% YoY to ~$1.6B, meeting est., as it boosts AI server production, its largest revenue source (Wall Street Journal)
Sources: the US cleared ~10 Chinese companies, including Alibaba, Tencent, ByteDance, and JD.com, to buy Nvidia H200 chips, but no deliveries have been made (Reuters)
Analysts say AI fervor in the US and Asia has spread to Europe, boosting stocks like STMicro and Nokia as investors seek the AI boom's pick-and-shovel stocks (Financial Times)
Source: Microsoft Israel's GM leaves after an internal probe into alleged unethical use of Azure by Israel's MOD; Microsoft France will manage Microsoft Israel (Assaf Gilead/Globes)
A Hollywood writer recounts working as an "AI trainer" for companies like Mercor, as AI gig work becomes the "new waiting tables" for entertainment workers (Ruth Fowler/Wired)