Apple Inc. is in talks to build Google’s Gemini artificial intelligence engine into the iPhone, according to people familiar with the situation, setting the stage for a blockbuster agreement that would shake up the AI industry. The two companies are in active negotiations to let Apple license Gemini, Google’s set of generative AI models, to … Read more
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Traders work on the floor of the New York Stock Exchange during morning trading on January 31, 2024 in New York City. Michael M. Santiago | Getty Images The so-called “Magnificent 7” now wields greater financial might than almost every other major country in the world, according to new Deutsche Bank research. The meteoric rise … Read more
NEW YORK (AP) — U.S. stocks are falling Tuesday after worse-than-expected inflation data forced investors to question hopes that have sent Wall Street to record heights. The S&P 500 was 1.2% lower in afternoon trading as traders delayed their forecasts for when the Federal Reserve will deliver the cuts to interest rates they crave so … Read more
CNBC’s Jim Cramer on Thursday told investors not to be wary of the Big Tech megacap stocks, saying their high valuation is well-earned. “Just because we haven’t seen the likes of them before doesn’t make them bogus,” he said. “They didn’t get their trillion-dollar valuations by fooling the most people. They got there because there … Read more
Listen to The Big Take podcast on iHeart, Apple Podcasts, Spotify and the Bloomberg TerminalBloomberg Terminal. Microsoft recently cut 1,900 jobs from its gaming division and among the layoffs were many at the recently acquired video game developer Activision Blizzard. Blizzard Entertainment’s President Mike Ybarra and co-founder Allen Adham are both departing. The tech giant … Read more
Stock-market investors may take their cues from a series of important events in the week ahead, including the Federal Reserve’s monetary-policy meeting, a closely-watched December employment report and an onslaught of earnings from megacap technology names, which all promise insight into the state of the economy and interest-rate outlook. The benchmark S&P 500 index SPX … Read more
NEW YORK (AP) — Strong gains for Netflix and some influential technology stocks are pulling Wall Street a bit higher on Wednesday, even though most stocks are weakening. The S&P 500 was 0.3% higher in late trading and on track to set a record for a fourth straight day. The jump for tech stocks had … Read more
India’s position on the global value chain is shifting due to government incentives and a digitally savvy economy Getty Premiums DAVOS, Switzerland — Along the Davos Promenade, attendees of the World Economic Forum stumble across the WeLead Lounge, a repurposed storefront showcasing India’s female leadership and talent. There’s also the India Engagement Center, a space … Read more
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Apple’s loudest critics say the tech giant is playing catch up in the AI race. They blaming its underperformance last year, at least compared to its megacap tech peers like Nvidia, Amazon, Microsoft and Google, on its lack of a clear generative … Read more