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.
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OpenAI Buys Enterprise Startup
OpenAI has bought Rockset, a startup that specializes in enterprise search and analytics.
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”.
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.
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.
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.
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.
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.
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.
U.S. Bank Launches Partnership With Greenlight
U.S. Bank has launched a collaboration with Greenlight, which is aimed at improving the level of financial education.
US Regulators Reportedly to Open Antitrust Probes Into Nvidia, Microsoft and OpenAI
In the United States, the Federal Trade Commission (FTC) and the Department of Justice (DOJ) intend to launch an antitrust investigation against Microsoft, OpenAI and Nvidia.
Janet Yellen Warns AI Risks in Finance
The United States Treasury Department on Thursday, June 6, announced that it is seeking public comments on the assessment of the practice of using artificial intelligence technologies in the financial services industry.
Nvidia Hits $3 Trillion in Market Value
Nvidia has become one of the main beneficiaries of the so-called artificial intelligence boom, as evidenced by the financial performance of its activities, which continue to set new records.
ECB’s Inflation Challenge Resembles Similar US Problem
In the eurozone, the inflationary process has still not returned to the territory of acceptable and favorable indicators, which is why there is currently an increase in fears that the European Central Bank, as part of its movement towards easing monetary policy by cutting interest rates, may face the same problems and obstacles that have […]
Intel Agrees to Sell 49% of Irish Venture to Apollo
Intel has agreed to implement the deal to sell a stake in a venture that controls a factory located in Ireland.
US Job Openings Fall
The number of job openings in the United States in April showed a decrease, which turned out to be more significant than the preliminary expectations for the dynamic of the corresponding indicator.
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