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Science & Technology

Nvidia CEO Says About Rising Competition

Nvidia chief executive officer Jensen Huang last Wednesday, June 26, said that the current significant advantage of this company in the area of chips for artificial intelligence systems was achieved as a result of a bet made more than ten years ago, based on investments in AI worth billions of dollars and a team of […]

News

Amazon Hits $2 Trillion in Value

Amazon.com Inc. has reached a market capitalization of $2 trillion for the first time in its history.

News

OpenAI Delays Launch of Voice Assistant

OpenAI has decided to delay the release of a much-anticipated voice assistant feature for its chatbot ChatGPT, which is one of the most popular products in its class globally.

Finance & Economics

Fed Governor Michelle Bowman Says About Readiness to Raising Rates in Certain Conditions

Federal Reserve Governor Michelle Bowman said on Tuesday, June 25, that it was not yet time to start cutting interest rates, noting that she would be ready to raise borrowing costs if inflation rates did not show a slowdown.

Science & Technology

China Considers Countermeasures After US Intention to Curb Outbound Tech Investment

The Chinese Ministry of Commerce made harsh statements to the United States after it became known that Washington plans to impose restrictions on investments in the high-tech sector intended for Beijing.

Fintech & Ecommerce

Target Plans to Expand Its Online Marketplace With Shopify Partnership

Nowadays, Target Corp. is cooperating with e-commerce specialist Shopify Inc. to expand its marketplace for third-party merchants.

News

ByteDance & Broadcom Work on Advanced AI Chip

TikTok parent company, ByteDance, has partnered with American semiconductor and software provider Broadcom to develop a high-end AI chip, addressing the issues with U.S. export control.

Science & Technology

OpenAI Buys Enterprise Startup

OpenAI has bought Rockset, a startup that specializes in enterprise search and analytics.

Fintech & Ecommerce

Target to Roll Out AI Chatbots in US Stores This Summer

American retail giant Target aims to facilitate internal operations in nearly 2,000 stores across the United States with a handy AI assistant called “Store Companion”.

News

US Sues Adobe for Hiding Fees

On Monday, June 17, the United States government sued Adobe, maker of Photoshop and Acrobat, accusing the company of harming consumers by hiding high fees for terminating subscriptions in the most popular tariff plan and making it difficult to cancel subscriptions.

Science & Technology

Apple Edges Past Microsoft in Value

Last Thursday, June 13, Apple became the most valuable public company in the United States, displacing Microsoft from the corresponding position.

Science & Technology

Broadcom Shares Rise

On Thursday, June 13, the value of Broadcom shares showed an increase of approximately 12% after the company published information on the economic results of its activities for the second fiscal quarter.

News

Fed Keeps Interest Rates at 23-Year High

The Federal Reserve on Wednesday, June 12, announced that its benchmark lending rates remain at the current level.

Science & Technology

US Reportedly Considers Further Restrictions on China’s Access to Chip Technology

The media reported that the administration of the President of the United States Joe Biden is currently considering the possibility of introducing additional restrictive measures regarding the possibility of China’s access to chip technologies.

Fintech & Ecommerce

Morgan Stanley Says AI Helps Financial Advisers Save Time

Morgan Stanley CEO Ted Pick said that the ability of artificial intelligence to transcribe conversations and categorize them by topic could save financial advisers 10 to 15 hours a week.

News

Apple Presents New iPhone OS at WWDC Event

Apple presented the latest operating systems for iPhone, iPad, and Mac at the annual Worldwide Developers Conference (WWDC).