#ai

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    TSMC ANTICIPATES 40% SURGE IN THIRD-QUARTER PROFIT FUELED BY AI CHIP DEMAND.

    Taiwan Semiconductor Manufacturing Co. (TSMC), the world’s largest contract chipmaker, is expected to report a significant 40% increase in its third-quarter profit, driven by strong demand for AI chips. TSMC, a key supplier to tech giants such as Apple, Nvidia, and AMD, is forecasted to achieve...
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    BLACKROCK'S STRONG Q3 2024 RESULTS: EARNINGS BEAT, AUM SOARS to $11.5 TRILLION.

    BlackRock, Inc. (NYSE), the world’s largest asset manager, reported stellar third-quarter 2024 earnings that outpaced market expectations. The company demonstrated robust growth across multiple financial metrics, reinforcing its leadership position in the investment management industry...
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    VISA INC. (V) HAS TAKEN A SIGNIFICANT STEP IN ENHANCING ITS FRAUD DETECTION AND PREVENTION CAPABILITIES BY ACQUIRING FEATURESPACE, AN AI-DRIVEN FIRM S

    Featurespace is known for its cutting-edge algorithms that analyze transaction data to detect even the most elusive types of fraud. This acquisition positions Visa to offer more advanced risk-scoring and fraud-detection solutions to its global client base, addressing the increasing...
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    MICROSOFT CORPORATION (MSFT) ANNOUNCES $1.3 BILLION AI INVESTMENT IN MEXICO TO ACCELERATE DIGITAL TRANSFORMATION STRATEGIC AI INVESTMENT

    Microsoft Corporation (NASDAQ: MSFT) has unveiled a $1.3 billion investment plan to strengthen AI infrastructure in Mexico over the next three years. The initiative, announced by CEO Satya Nadella during an event in Mexico City, is focused on expanding connectivity and fostering the adoption of...
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    SALESFORCE TO ACQUIRE ZOOMIN: A STRATEGIC MOVE FOR ENHANCED DATA MANAGEMENT AND AI CAPABILITIES.

    Salesforce has announced a definitive agreement to acquire Zoomin, a prominent data management provider specializing in unstructured data. This strategic acquisition is poised to significantly enhance Salesforce's Data Cloud, allowing for more effective utilization of unstructured data, which is...
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    PALANTIR TECHNOLOGIES INC. (PLTR) SECURES MULTI-MILLION DOLLAR AI CONTRACT TO TRANSFORM HEALTHCARE.

    Palantir Technologies Inc. (NYSE: PLTR) has secured a multi-million-dollar contract to revolutionize the healthcare sector by leveraging advanced artificial intelligence (AI) technologies. The contract highlights Palantir's strategic focus on deploying AI to address critical needs within...
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    SALESFORCE AND IBM JOIN FORCES TO DRIVE AI ADOPTION IN THE REGULATED FINANCE INDUSTRY

    Salesforce and IBM have entered into a strategic partnership aimed at overcoming the challenges of AI implementation in the highly-regulated finance sector. The collaboration combines Salesforce’s Agentforce platform, a suite of autonomous agents, with IBM’s advanced watsonx AI capabilities to...
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    APPLE’S IPHONE 16 EVENT – MAJOR AI LAUNCHES AND HARDWARE UPGRADES

    Apple is preparing for its highly anticipated "Glowtime" event on September 9, 2024, at its Cupertino headquarters. The company is expected to introduce four new iPhones, the tenth-anniversary edition of the Apple Watch, and upgraded AirPods. While the hardware reveals are important, the...
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    BROADCOM BEATS EARNINGS EXPECTATIONS, MISSES SALES OUTLOOK; AI REVENUE TARGET RAISED

    Broadcom (AVGO), a major player in the semiconductor and infrastructure software industry, reported fiscal third-quarter results that narrowly surpassed Wall Street's expectations but issued a weaker-than-anticipated sales forecast for the upcoming quarter. The company reported adjusted earnings...
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    U.S. STOCKS EXPERIENCED A SIGNIFICANT DOWNTURN AS THE MARKET ENTERED SEPTEMBER, A MONTH HISTORICALLY KNOWN FOR POOR PERFORMANCE.

    The S&P 500 fell over 2%, and the Nasdaq Composite dropped more than 3%, marking their largest daily declines since early August. Investors pulled back on their enthusiasm for AI-related stocks, contributing to a broad sell-off. Chip stocks were particularly affected, with Nvidia seeing a...
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    Sompo Partners with Palantir for Ai-driven Digital Transformation

    Summary: Sompo, a leading global insurance provider, has embarked on a significant digital transformation journey by partnering with Palantir Technologies to integrate advanced AI solutions into its operations. Over the next three years, Sompo will leverage Palantir's Foundry and AI Platform to...
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    Meta's Stock Surges as Zuckerberg Sells AI Vision

    Meta Platforms Inc. has experienced a significant 13% rise in its stock this month, driven by CEO Mark Zuckerberg's compelling narrative around AI's role in boosting the company’s core digital advertising business. Despite reporting a substantial increase in capital expenditures, Meta's shares...
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    AMD Completes Strategic Acquisition of SILO AI to Enhance AI Capabilities

    Advanced Micro Devices, Inc. (AMD) has completed the acquisition of Silo AI, Europe's largest private AI lab, in a deal valued at approximately $665 million. This strategic move is set to significantly bolster AMD's AI capabilities, enabling the company to accelerate the development and...
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    META’S UPBEAT QUARTERLY REPORT BUYS TIME FOR AI, METAVERSE

    Meta’s Strong Q2 Performance Meta Platforms Inc. reported better-than-expected sales for the second quarter, achieving $39.1 billion compared to analysts’ estimates of $38.3 billion. This success, driven by effective AI-driven ad targeting, led to a 5% increase in Meta's shares during late...
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