Google Stares Down Largest Tech Antitrust Ruling In 2 Decades — Is AT&T-Style Breakup Next?
Closing arguments in largest antitrust trial against Google have ended, awaiting ruling from Judge Amit Mehta that could change big tech industry.
Tower Semiconductor CEO Eyes Recovery, Projects Over 7% Growth Next Quarter
Tower Semiconductor (TSEM) reported Q1 2024 revenue of $327.24M, beating analyst estimates. CEO optimistic for recovery despite market downturn.
Stocks Rebound As Rising Jobless Claims Sustain Rate-Cut Hopes, Dollar Falls, Gold Rallies: What’s Driving Markets Thursday?
Wall Street is seeing a day of gains as all major indices traded in the green around noon in New York, driven by a surprising uptick in unemployment claims prompting speculation over Federal Reserve interest rate cuts.
Apple Investors Debate iPhone Giant’s Future: Is It Still A ‘Growth Stock’?
Redditors discuss concerns about Apple's long-term growth potential, citing issues like slowing sales and buyback focus. Mixed opinions on innovation and emerging markets.
Tesla Cuts More Jobs In China As Competition Heats Up
Tesla (NASDAQ:TSLA) grapples with mounting job cuts in China amid fierce market competition. Recent layoffs, part of a global downsizing effort exceeding 10%, target various departments at the Shanghai plant. With sales dipping and market share shrinking to 7.5% in Q1 2024, Tesla faces a pivotal moment in China's EV landscape.
OpenAI Is Working On New AI Image Detection Tools In Busy Election Year Worldwide To Tell If Photos Were Made By DALL-E
OpenAI develops AI tools to detect if an image is generated by its DALL-E AI generator and to watermark its content to prevent misuse.
Elon Musk’s AI Firm Rockets Toward $18 Billion Valuation: Report
Elon Musk's AI venture X.AI Corp. is nearing the conclusion of its funding round, aiming for a valuation of approximately $18 billion. With investors like Sequoia Capital showing interest, the $6 billion funding target remains tentative, subject to ongoing discussions for potential valuation adjustments.
Alibaba’s New AI Model Claims to Beat OpenAI’s GPT-4 in Language Skills
Alibaba Cloud unveils new large language model Qwen2.5, surpassing OpenAI's GPT-4 in language creation but excelling in other areas.
Google Parent Alphabet Eyes HubSpot Acquisition: Bloomberg
Alphabet Inc (NASDAQ:GOOGL) eyes HubSpot Inc. (NYSE: HUBS) in a strategic move poised to reshape the CRM sector. With HubSpot's soaring market capitalization and Alphabet's vision to bolster its CRM foothold, the potential acquisition signals a significant shift in the tech landscape. Amidst the surge in HubSpot's shares, Alphabet's interest underscores its commitment to diversify and compete against CRM giants like Microsoft Corp (NASDAQ:MSFT) and Salesforce Inc (NYSE:CRM).
Microsoft Shakes Up Xbox Division, Closes Renowned Studios in Major Cost-Cutting Move
Microsoft closes several video game studios within Xbox division as part of cost-cutting strategy, with more cuts likely across the organization.