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Palantir’s A.I. ambitions divide analysts. A bull and bear make their cases
08/08/2023

Palantir’s A.I. ambitions divide analysts. A bull and bear make their cases

Palantir bumped up its annual revenue forecast on Monday as it sees an opportunity to commercialize AI, but not all analysts are equally bullish.

SoftBank posts surprise loss even as Vision Fund back in black after five quarters
08/08/2023

SoftBank posts surprise loss even as Vision Fund back in black after five quarters

SoftBank surprised the market with a loss in the first quarter, though its Vision Fund booked a $1.1 billion gain on investments — its first in five quarters.

New York man admits to Bitfinex hack during guilty plea to bitcoin money laundering
03/08/2023

New York man admits to Bitfinex hack during guilty plea to bitcoin money laundering

Plea hearings for the the Crypo Couple were moved up due to the arraignment of former President Donald Trump in the same Washington, D.C., courthouse.

Amazon set to report second-quarter earnings after the bell
03/08/2023

Amazon set to report second-quarter earnings after the bell

Amazon investors will be focused on cloud revenue growth, retail margins and commentary around artificial intelligence in the company's earnings report.

China’s Baidu claims its Ernie Bot beats ChatGPT on key tests as A.I. race heats up
27/06/2023

China’s Baidu claims its Ernie Bot beats ChatGPT on key tests as A.I. race heats up

Baidu said the artificial intelligence model called Ernie 3.5 outperformed OpenAI's ChatGPT and GPT 4 in several key areas.

Wise shares spike 16% as higher interest rates help fintech triple profits
27/06/2023

Wise shares spike 16% as higher interest rates help fintech triple profits

Wise said in a statement to the stock market that its profit before tax nearly tripled to £146.5 million ($186.5 million).

Twitter is a more dangerous platform for the LGBTQ community now than it was a year ago, GLAAD finds
21/06/2023

Twitter is a more dangerous platform for the LGBTQ community now than it was a year ago, GLAAD finds

Twitter is a more dangerous social platform for LGBTQ users now versus a year ago. Other platforms like Facebook, Instagram and TikTok are slightly better.

Chief of staff to new top Democrat on antitrust subcommittee lobbied for Apple, Amazon
21/06/2023

Chief of staff to new top Democrat on antitrust subcommittee lobbied for Apple, Amazon

Lou Correa's selection for the role marks a shift from the leadership of former Rhode Island Democratic Rep. David Cicilline's stewardship of the subcommittee.

Microsoft signs deal for A.I. computing power with Nvidia-backed CoreWeave that could be worth billions
02/06/2023

Microsoft signs deal for A.I. computing power with Nvidia-backed CoreWeave that could be worth billions

Microsoft is seeing so much demand for its cloud infrastructure for artificial intelligence workloads that it's signing up a startup to help provide capacity.

Why Apple’s VR headset could succeed where every similar product has failed
02/06/2023

Why Apple’s VR headset could succeed where every similar product has failed

On Monday, Apple is expected to announce its first new major product line since it unveiled the Apple Watch in 2014.

Disney’s streaming losses improve even as subscriber numbers decline
11/05/2023

Disney’s streaming losses improve even as subscriber numbers decline

Disney is also in the process of laying off thousands of employees under CEO Bob Iger's restructuring plan.

Palantir dumps $50 million gold investment less than two years after buying precious metal
11/05/2023

Palantir dumps $50 million gold investment less than two years after buying precious metal

After buying $50 million worth of gold bars in 2021, the company said in its quarterly filing on Tuesday that it sold that investment for a minor gain.

Bitcoin pulls back to start May as First Republic Bank saga comes to an end
02/05/2023

Bitcoin pulls back to start May as First Republic Bank saga comes to an end

Crypto fell to start May as investors bet the takeover of First Republic Bank could put an end to the financial crisis.

‘Godfather of A.I.’ leaves Google after a decade to warn society of technology he’s touted
02/05/2023

‘Godfather of A.I.’ leaves Google after a decade to warn society of technology he’s touted

Geoffrey Hinton, known as the "godfather of AI," is leaving his role at Google and plans to warn about the risks of the technology he's promoted.

Samsung’s profit plunged 95% to its lowest level since 2009 as chip demand slumps
27/04/2023

Samsung’s profit plunged 95% to its lowest level since 2009 as chip demand slumps

Samsung's profit plunged in the first quarter of 2023 as prices for memory chips continued to fall and demand remained weak.

A U.S. tech downturn offers India ‘a bigger opportunity,’ says Infosys founder
27/04/2023

A U.S. tech downturn offers India ‘a bigger opportunity,’ says Infosys founder

Narayana Murthy, founder of India's IT giant Infosys, sees a downturn in the U.S. or other developed nations as an opportunity for India.

Fintech giants Klarna and Block slam ‘outdated’ UK buy now, pay later regulation proposals
27/04/2023

Fintech giants Klarna and Block slam ‘outdated’ UK buy now, pay later regulation proposals

Executives at two of the world's biggest buy now, pay later firms say that the U.K. regulation plans will result in disproportionate friction for consumers.

Comcast beats estimates despite slowing broadband growth, higher Peacock losses
27/04/2023

Comcast beats estimates despite slowing broadband growth, higher Peacock losses

Comcast topped analyst expectations, despite a tough comparison to last year, when NBC aired both the Super Bowl and Beijing Olympics during the first quarter.

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