Alibaba Projects $60B GMV for 2024, Plans New Business Model Breakthroughs
Alibaba.com, a B2B platform, aims for $60B GMV in 2024, 20% increase from $50B in 2023. President cites need for new business model breakthroughs.
Meta Introduces AI-Powered Ad Targeting On WhatsApp: Report
Meta Platforms Inc. has launched its first AI-powered ad targeting program for businesses on WhatsApp, marking a significant shift for the messaging service known for its privacy.
‘Apple Intelligence:’ What To Expect From Tim Cook’s WWDC Plans For Bringing AI To iPhone, iPad And Mac
Apple's WWDC 2024 will showcase its AI strategy, including opt-in features for improved user experience. Expect updates to apps and possible hardware insights.
Nvidia’s AI Chip Has A Tough Competitor From China – Huawei’s Latest Ascend 910B
Huawei's Ascend 910B AI chip, matching or surpassing Nvidia's A100 in some tests, poses competition amid US export restrictions. China's self-sufficiency drive boosts Huawei's domestic market adoption.
Taiwan Semi Rides AI Wave, Reports $7.1B Revenue In May
World's largest contract chipmaker, TSMC, saw 30% sales increase in May due to high demand for AI and recovering consumer electronics. Nvidia and Google drive AI unicorn growth.
Morgan Analyst Analyst Expects AI Growth To Weigh Heavier On Power Grid Than EVs
Morgan Stanley also forecasts 90 megatons of annual carbon dioxide emission from U.S. data centers by 2027, equivalent to emissions of about 14 million gas cars.
Bullish Sentiment Soars For Robinhood As Stock Rises With Bitstamp Acquisition
Robinhood acquires the exchange Bitstamp for $200 million after seeing its cryptocurrency revenue surge by an impressive 232%.
‘Buy More Vertiv,’ Jim Cramer Says As VRT Trades 20% Below Its 52-Week High
Vertiv has gained 315% over the past year, outperforming Nvidia Corp. which has gained 212% over the same period.
What’s Going On With Trump Media & Technology Stock Friday?
Trump Media & Technology Group Corp. shares dip premarket as CEO Devin Nunes sends fourth congressional letter addressing potential stock manipulation amid persistently high Failures To Deliver (FTDs).
Apple Officially Confirms This Is How Long It Will Support iPhones For, And Surprisingly It’s Less Than Samsung And Google
Apple has finally disclosed the minimum period for which it will provide security updates to its iPhones, falling short of rivals.