The retailer’s sales fell short of expectations, and it slashed its full-year financial forecast, citing a “challenging” economy and backlash over its pullback from diversity policies.
The start-up Every centered its business model on artificial intelligence, and has raised $2 million from backers including Reid Hoffman, the founder of LinkedIn.
Jensen Huang, the chipmaker’s top executive, said the attempt to cut off the flow of advanced A.I. chips spurred Chinese companies to “accelerate their development.”