As fierce competition in the big tech sector and escalating investor hype make the adoption of artificial intelligence (AI) an increasingly risky proposition, Google is making significant progress with its latest AI software model, Gemini. Alphabet, Google's parent company, saw its shares rise 4.8% to $136.25 early last quarter - a... Read more
So the Gemini video unfortunately turned out to be very "rigged" and I expect the market will give Google a fair bit more of a hard time about it. It reminds me a bit of Nikola letting her car go downhill and I'm surprised they need this. Are they that scared of OpenAI?
C3.ai shares fell after lower-than-expected earnings in its fiscal second quarter, although its reported net loss improved slightly from a year earlier.
C3.ai posted a loss per share of 13 cents, better than analysts' expectations, but earnings fell short of the FactSet consensus.
The move to a consumption-based pricing model has gained support... Read more
Silicon Valley-based tech giant Nvidia Corp. has announced plans to collaborate with Japanese research organizations, companies and startups to build an artificial intelligence (AI) ecosystem in Japan. By leveraging its expertise in manufacturing graphics chips, which are widely used for training AI services, Nvidia aims to meet the... Read more
I wonder what exactly you mean by that. An AI factory, sounds like an absolute factory to me. Do they mean robots or what? There doesn't have to be a factory for the ai itself, there has to be an office.
Telecom company Ericsson wins $14 billion project to modernize AT&T
Swedish telecommunications company Ericsson has won a USD 14 billion project to upgrade AT&T's wireless networks.
Ericsson has won a USD 14 billion contract to upgrade AT&T's wireless networks. The Swedish telecommunications company announced Monday that AT&T will be able to select more suppliers for antennas... Read more
Nice news, I'm not in this company yet but I've known about it for a while, I was quite worried about this business but it seems that as Marek writes, it's waking up, what's your opinion about them? 😊
Shares of Carvana, a growing force in the online used car sales industry, have risen significantly this year from about $4 to $40. On Monday, the stock saw another 11% increase, which was largely boosted by a rating upgrade from influential banking giant J.P. Morgan.
A team of J.P. Morgan analysts led by Rajat Gupta upgraded Carvana's stock rating to... Read more
Media industry stocks strengthened significantly on Friday following a report by the Wall Street Journal that tech giant Apple and media conglomerate Paramount Global are in preliminary talks to create a package of their streaming platforms. This proposed partnership could potentially mean an Apple TV+ and Paramount+ bundle that... Read more
Comparable sales decreased by 8%. Analysts were expecting a 9.88% decline. The total number of stores fell 6.7% year-over-year to 2,607, while analysts were expecting 2,557.
Foot Locker also disclosed its intention to enter the Indian market in 2024 through a long-term licensing agreement with one of India's largest footwear retailers, Metro Brands... Read more
Interesting news about India. Like in this sector I only follow $NKE and it's kind of those shoes intertwined I guess? ...I've seen this company go down significantly now but it looks like they're going to hold their ground and with this going to market in India it could be a big boon for them and so as a potential I like it ...how do you see it? 😊
APPLE AND THE ALLEGED TERMINATION OF COOPERATION WITH GOLDMAN SACHS
Technology company Apple is reportedly ending its relationship with investment bank Goldman Sachs, according to the Wall Street Journal.
According to people familiar with the matter, Apple has sent a request to the investment bank Goldman Sachs to terminate the cooperation in the next 12 to 15 months. The entire... Read more
Shareholders of Nvidia Corporation $NVDA were disappointed over the Thanksgiving holiday as renewed focus on the company's hardware export problems to China impacted share prices, but experts suggest that a broader understanding of its technology could reveal potential investment benefits. In early trading on Monday, the shares rose a marginal 0.4%... Read more
Swiss investment bank UBS is urging investors to snap up shares in luxury goods companies Hermes, Richemont - owner of Cartier - and Hugo Boss as 2024 approaches. Despite a generally cautious tone when it comes to the sector, UBS maintains a bullish view on the three stocks, confident in the growing attractiveness of their valuations. The... Read more
Shares of leading robot maker iRobot rose around 39% on Friday after reports emerged that the European Union (EU) could approve Amazon's $1.7 billion acquisition of the company. If completed, the highly anticipated deal would be Amazon's fourth-largest transaction in its history.
iRobot, which is widely known as the maker of the popular Roomba vacuum cleaners,... Read more
Dell, once considered the darling of the tech world, has experienced an unexpected stock surge in the past year. The computer hardware maker has seen its stock rise nearly 120%, catching the attention of brokers across the country. However, the reasons for this sudden surge are not primarily due to their performance and may not be beneficial for the company in the long run.
Nissan is planning another gigafactory and will produce two new models at its electric vehicle centre in Sunderland.
Japanese carmaker Nissan Motor will expand its electric car and battery production capacity in the UK with investments that will reach up to GBP3 billion (USD2.4 billion), with the aim of having a complete EV production line in... Read more
Shares of technology giant HP Inc. fell more than 3% in extended trading on Tuesday, even though the company reported strong overall results and said it plans to launch its first computers with artificial intelligence in the second half of 2024. HP CEO Enrique Lores came up with the news in an interview on Tuesday.
So the Gemini video unfortunately turned out to be very "rigged" and I expect the market will give Google a fair bit more of a hard time about it. It reminds me a bit of Nikola letting her car go downhill and I'm surprised they need this. Are they that scared of OpenAI?