#ai

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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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