Software stock is the next AI bet.
Kathy Wood bets on UiPath, Twilio, and Telados Health. Software vendors will be the next to benefit from the AI craze spearheaded by Nvidia Corp., according to Kathy Wood. The…
MediaTek Brings Nvidia AI Technology
Taiwanese Chipmaker Introduces Suite of AI Accelerators and Technologies For its upcoming line of connected car semiconductors, Media Tek Inc. brings a combination of accelerators and artificial intelligence technologies from…
Twitter exits the EU Disinformation Code
Twitter Can’t Avoid New Disinformation Rules Twitter Inc. withdrew from the voluntary EU code of behavior against disinformation, according to Thierry Breton, EU Commissioner for the Internal Market. Twitter leaves…
A Turkish startup receives $2 billion in funding.
Approximately $105 million was raised during the funding round. Insider, a Turkish AI-powered marketing platform, demonstrated how AI businesses are resisting the global tech slowdown by raising roughly $105 million…
Hedge funds are buying stocks.
Goldman customers make their biggest purchases since October. According to statistics from Goldman Sachs Group Inc., hedge funds that are optimistic and bearish on stocks have been purchasing US equities…
Apple will turn locked iPhones into smart displays.
The solution mimics the approach used by the Android operating system. One of the many new features coming with the iOS 17 software upgrade is a new interface for the…
Chinese stocks are poised to wipe out 2023 gains.
Stocks have lost momentum since the rally resumed. Chinese stocks have plummeted, with the underlying index on track to erase its gains from 2023 after a dismal June fueled ongoing…
Meta was fined a record 1.2 billion euros in the EU.
The decision follows a long-running US data protection saga. Meta Platforms Inc. was given a deadline to stop shipping user data to the US and a record fine of 1.2…
Crypto miners are moving to AI.
Few miners have the necessary equipment or resources to invest. Analysts suggest it may be difficult for cryptocurrency miners to help emerging AI companies. Although it won’t be simple, I…
Alibaba invests in Taobao and content.
The company’s restructuring gives each division more autonomy. To compete with social media platforms, Alibaba Group Holding Ltd.’s newly formed e-commerce subsidiary will make a significant investment in its Taobao…