Report - page 77

Science & Technology

Dell Shares Rise

Last Wednesday, May 15, Dell shares rose by more than 11% after Morgan Stanley raised its price target and released a forecast that this technology company, based in Round Rock, Texas, will increase sales in the foreseeable future amid high demand for artificial intelligence servers.

Finance & Economics

Dow Crosses 40,000

On the morning of Thursday, May 16, the Dow Jones index crossed the 40,000-point mark for the first time in its history.

Finance & Economics

Japan’s Economy Contracts

During the first quarter of the current year, Japan’s economy contracted.

News

US Inflation Slows

In April, a decrease in the inflation rate was recorded in the United States, which was not just economic news, but a kind of source of the positive for local citizens, who have recently faced increasing price pressure and lack of significant prospects for improving the economic situation.

Finance & Economics

JPMorgan CEO Urges United States to Deal With Deficit

JPMorgan CEO Jamie Dimon on Wednesday, May 15, called on the leadership of the United States to reduce the fiscal deficit as soon as possible, noting that over time the relevant problem will become more difficult in terms of opportunities and prospects for its successful solution.

Science & Technology

Chinese Companies Make Headway in Manufacturing High Bandwidth Memory

The media, citing sources and documents, reported that two Chinese chip manufacturers are currently in the early stages of making high bandwidth memory (HBM) microcircuits used in artificial intelligence chipsets.

News

Experts Expect US Inflation Data to Show Some Positive for Fed

Experts predict that the monthly report on consumer prices in the United States will show a decrease in the level of inflationary pressure in this country as a result of April.

News

Alibaba Reports Quarterly Earnings

The Chinese company Alibaba on Tuesday, May 14, released data on the financial results of its activities in the fourth fiscal quarter.

News

Apple Reportedly Plans to Sell Vision Pro Outside US

Media reports that Apple has begun preparations to launch sales of the Vision Pro mixed-reality headset outside the United States.

News

OpenAI Launches GPT-4o

OpenAI has launched a faster and cheaper version of its artificial intelligence model, based on which the chatbot ChatGPT functions.

News

China Credit Engine Goes Into Reverse

A sharp contraction in lending in China is forcing the central bank of the Asian country to assist, and from the government’s point of view, it is a source of need to spend more money.

Science & Technology

SoftBank to Intensify Its Activity in AI Industry

SoftBank Group Corp. has plans to begin implementing a more aggressive strategy in the artificial intelligence industry and other spheres of activity.

News

Porch Group Reportedly Sues China Construction Bank

Media reports that the Porch Group, a United States-based homeowner’s insurance company and provider of home inspection software, has sued China Construction Bank, accusing this financial institution of reinsurance fraud.

News

Uber Reports First-Quarter Results

Uber has released data on its financial results for the first quarter of the current year.

Finance & Economics

UK Economy Escapes Recession

The economy of the United Kingdom has left the recession zone, as evidenced by the fact that in the first quarter of the current year, the local gross domestic product (GDP) showed growth of 0.6% compared to the previous three months.

News

Alibaba Launches New Version of Its Large Language Model

Last Thursday, May 9, China’s Alibaba Cloud announced the launch of a new version of its large language model.