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Apple Offers Modest Growth Outlook After iPhone Sales Help Beat Profit Expectations
Apple's iPhone 16 sales boosted the company's quarterly sales beyond Wall Street expectations, the company said on Thursday. However, questions linger about the sustainability of this momentum through the holiday sales period. The company's executives did not give any indication of how the iPhone might fare, including in China, where the company's ...
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Microsoft Forecasts Slower Cloud Business Growth in Second Quarter
Microsoft has forecast an increase in spending on AI this quarter and warned of slower growth in its cloud business Azure, even as the company beat Wall Street's estimates for first-quarter revenue and profit.. The Redmond company has signalled that big AI investments were not enough to keep pace with capacity constraints at its data centres.
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Elon Musk's xAI Aims For $40 Billion Valuation As Grok Challenges ChatGPT
Elon Musk's AI startup xAI is in talks with investors for a funding round that would value the company at around $40 billion, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
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Wall Street Journal, New York Post Sue Perplexity AI For Copyright Infringement
The Wall Street Journal and the New York Post filed a lawsuit in a US court on Monday against AI company Perplexity AI, alleging massive copyright infringement and trademark violations.
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New York Times Issues "Cease And Desist" Notice To AI Startup Perplexity Over Content Use
The New York Times has sent generative AI startup Perplexity a "cease and desist" notice demanding the company stop using its content, the Wall Street Journal reported on Tuesday.
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Google Paid $2.7 Billion To Rehire AI Genius To Co-Lead Gemini: Report
Google re-hired its long-time researcher, Naom Shazeer, to co-lead its AI models in a $2.7 billion deal, the Wall Street Journal reported. Mr Shazeer quit Google in 2021 after being a part of the company for 21 years.
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Nvidia's Market Value Tumbles by $279 Billion as Wall Street Drops
Nvidia saw the deepest ever single-day decline in market value for a US company. The company lost $279 billion (roughly Rs. 23,42,608 crore) in market capitalisation, a major indication that investors are becoming more cautious about emerging AI technology.
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Apple Holds Talks With Rival Meta Over Artificial Intelligence: Report
Apple is talking to major rival Meta about integrating the Facebook parent company's generative AI into its products, as it tries to catch up with rivals on artificial intelligence, the Wall Street Journal reported Sunday.
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New York Set To Restrict Social Media Algorithms For Teens: Report
New York is planning to prohibit social media companies from using algorithms to control content to youth without parental consent under a tentative agreement reached by state lawmakers, the Wall Street Journal reported on Monday.
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US FDA Clears Neuralink's Brain Chip Implant in Second Patient: Report
The US Food and Drug Administration has allowed billionaire Elon Musk's Neuralink to implant its brain chip in a second person after the company offered fixes to a problem that occurred in the first patient, the Wall Street Journal reported on Monday.
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BlackRock Files With SEC to Offer Fund With Tokenization Firm Securitize
BlackRock plans to offer a tokenized fund through a partnership with Securitize, a digital-asset firm specializing in tokenization. The firm is set to become the latest Wall Street behemoth to experiment with putting money on blockchains. Securitize already is working with KKR, Hamilton Lane and others for tokenized funds.
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US Probes Sam Altman To See If OpenAI Investors Were Misled: Report
The Securities and Exchange Commission is scrutinizing internal communications by OpenAI Chief Executive Sam Altman as part of an investigation into whether the company's investors were misled, the Wall Street Journal reported on Wednesday.
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Nvidia Market Cap Threatens Google Parent Alphabet After Overtaking Amazon
Nvidia came close to overtaking Google parent Alphabet on Tuesday as Wall Street's third most valuable company. The chipmaker overtook Amazon for the first time in two decades, with a higher market capitalisation than the US e-commerce giant. Nvidia has benefitted the most amid an ongoing race among technology companies to build AI into their produ...
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OpenAI's Sam Altman Looking To Raise Trillions To Reshape Semiconductor Sector: Report
OpenAI chief Sam Altman is seeking to raise trillions of dollars to reshape the global semiconductor industry, and has held talks with potential investors including the UAE government, the Wall Street Journal reported Thursday.
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Apple's iPhone Sales Target Billions Below Wall Street Expectations as China Business Suffers
Apple on Thursday forecast a drop in iPhone sales and targeted overall revenue $6 billion (roughly Rs. 49,714 crore) below Wall Street expectations as its China business took a hit. This overshadowed overall fiscal first-quarter sales and profit that beat analysts' targets, powered by iPhone growth, sending Apple shares down 3 percent in after-ho...
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Apple Offers Modest Growth Outlook After iPhone Sales Help Beat Profit Expectations
Apple's iPhone 16 sales boosted the company's quarterly sales beyond Wall Street expectations, the company said on Thursday. However, questions linger about the sustainability of this momentum through the holiday sales period. The company's executives did not give any indication of how the iPhone might fare, including in China, where the company's ...
-
Microsoft Forecasts Slower Cloud Business Growth in Second Quarter
Microsoft has forecast an increase in spending on AI this quarter and warned of slower growth in its cloud business Azure, even as the company beat Wall Street's estimates for first-quarter revenue and profit.. The Redmond company has signalled that big AI investments were not enough to keep pace with capacity constraints at its data centres.
-
Elon Musk's xAI Aims For $40 Billion Valuation As Grok Challenges ChatGPT
Elon Musk's AI startup xAI is in talks with investors for a funding round that would value the company at around $40 billion, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
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Wall Street Journal, New York Post Sue Perplexity AI For Copyright Infringement
The Wall Street Journal and the New York Post filed a lawsuit in a US court on Monday against AI company Perplexity AI, alleging massive copyright infringement and trademark violations.
-
New York Times Issues "Cease And Desist" Notice To AI Startup Perplexity Over Content Use
The New York Times has sent generative AI startup Perplexity a "cease and desist" notice demanding the company stop using its content, the Wall Street Journal reported on Tuesday.
-
Google Paid $2.7 Billion To Rehire AI Genius To Co-Lead Gemini: Report
Google re-hired its long-time researcher, Naom Shazeer, to co-lead its AI models in a $2.7 billion deal, the Wall Street Journal reported. Mr Shazeer quit Google in 2021 after being a part of the company for 21 years.
-
Nvidia's Market Value Tumbles by $279 Billion as Wall Street Drops
Nvidia saw the deepest ever single-day decline in market value for a US company. The company lost $279 billion (roughly Rs. 23,42,608 crore) in market capitalisation, a major indication that investors are becoming more cautious about emerging AI technology.
-
Apple Holds Talks With Rival Meta Over Artificial Intelligence: Report
Apple is talking to major rival Meta about integrating the Facebook parent company's generative AI into its products, as it tries to catch up with rivals on artificial intelligence, the Wall Street Journal reported Sunday.
-
New York Set To Restrict Social Media Algorithms For Teens: Report
New York is planning to prohibit social media companies from using algorithms to control content to youth without parental consent under a tentative agreement reached by state lawmakers, the Wall Street Journal reported on Monday.
-
US FDA Clears Neuralink's Brain Chip Implant in Second Patient: Report
The US Food and Drug Administration has allowed billionaire Elon Musk's Neuralink to implant its brain chip in a second person after the company offered fixes to a problem that occurred in the first patient, the Wall Street Journal reported on Monday.
-
BlackRock Files With SEC to Offer Fund With Tokenization Firm Securitize
BlackRock plans to offer a tokenized fund through a partnership with Securitize, a digital-asset firm specializing in tokenization. The firm is set to become the latest Wall Street behemoth to experiment with putting money on blockchains. Securitize already is working with KKR, Hamilton Lane and others for tokenized funds.
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US Probes Sam Altman To See If OpenAI Investors Were Misled: Report
The Securities and Exchange Commission is scrutinizing internal communications by OpenAI Chief Executive Sam Altman as part of an investigation into whether the company's investors were misled, the Wall Street Journal reported on Wednesday.
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Nvidia Market Cap Threatens Google Parent Alphabet After Overtaking Amazon
Nvidia came close to overtaking Google parent Alphabet on Tuesday as Wall Street's third most valuable company. The chipmaker overtook Amazon for the first time in two decades, with a higher market capitalisation than the US e-commerce giant. Nvidia has benefitted the most amid an ongoing race among technology companies to build AI into their produ...
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OpenAI's Sam Altman Looking To Raise Trillions To Reshape Semiconductor Sector: Report
OpenAI chief Sam Altman is seeking to raise trillions of dollars to reshape the global semiconductor industry, and has held talks with potential investors including the UAE government, the Wall Street Journal reported Thursday.
-
Apple's iPhone Sales Target Billions Below Wall Street Expectations as China Business Suffers
Apple on Thursday forecast a drop in iPhone sales and targeted overall revenue $6 billion (roughly Rs. 49,714 crore) below Wall Street expectations as its China business took a hit. This overshadowed overall fiscal first-quarter sales and profit that beat analysts' targets, powered by iPhone growth, sending Apple shares down 3 percent in after-ho...
