Are Oracle and Microsoft rivals or partners when it comes to artificial intelligence? Both, judging by their latest announcements. Oracle ’s recent earnings staked out its claim to be an AI winner as it reported strong demand for its cloud services. That has boosted its stock and helped it get an upgrade to Buy from … Read more
Apple has a China problem – we know that. The iPhone maker looks to be hoping that a greater retail presence in the country can help it out. Apple is preparing to open its eighth store in Shanghai this month. The company announced on its website that it would open the site in Jing’an, a … Read more
“‘I do think that there’s this whole vibe with Apple fanboys, which I find kind of a little funny, where it’s like a lot of people just get upset if you dare to question if Apple is going to lead in a new space.’” That was Meta META, -2.21% CEO Mark Zuckerberg talking about his … Read more
Another day brings yet another salvo in the artificial-intelligence wars. No sooner had Alphabet introduced an upgrade to its AI model than OpenAI struck back with a new video-generation tool and was reported to be taking aim at the search-engine market. Microsoft -backed OpenAI on Thursday made a buzzy public announcement of the launch of … Read more
Published: Feb. 12, 2024 at 8:56 a.m. ET By Chris Wack Rail Vision said it has launched its next generation AI-based computer designed to improve railway safety and prevent accidents. The railway technology company said its new technology uses artificial intelligence to detect potential hazards and mitigate risks effectively. The… By Chris Wack Rail Vision … Read more
Alphabet ’s disappointing earnings outlook spoilt the party for investors last week as other Big Tech players wheeled out the champagne. The Google parent is searching for levers to please investors and signing up a partner for its fiber-cable business could be one handy tool. Alphabet is looking for external investment for its GFiber business, … 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
Updated Jan. 16, 2024 5:42 am ET Shell has agreed to sell its Nigerian onshore oil subsidiary for up to $2.4 billion, making good on a promise to exit what was for decades one of its most dependable cash cows but in recent years has become a big drag on its reputation. The London-based energy … Read more
It is always a stockpicker’s market. You just have to pick the right stocks. If you picked the so-called Magnificent Seven last year—a group of highflying, mostly tech stocks that powered the S&P 500 index to a 24% gain—you looked in the mirror and beheld a genius. This year, it might be wise to avoid … Read more
Published: Jan. 10, 2024 at 2:55 a.m. ET By Ian Walker Distil PLC said third-quarter revenue rose 39% while volumes rose 10% as it benefits from the business remodel in 2022, and that it expects to build on this growth over the fourth quarter of the fiscal year. The London-listed spirits producer–which houses the RedLeg … Read more