Nvidia is expected to report fiscal third-quarter results with over 170% revenue growth, and its fiscal fourth-quarter forecast indicates almost 200% growth. The company’s stock has surged 237% in 2023, outperforming the S&P 500 and reaching a market cap of $1.2 trillion. Wall Street is closely monitoring Nvidia, a key player in the artificial intelligence… Continue reading Nvidia earnings will give Wall Street a peek into AI demand heading into 2024

In a surprising turn of events at OpenAI, former CEO Sam Altman has been swiftly replaced by Emmett Shear, the former co-founder and CEO of Twitch, as the new interim CEO. Altman, who led OpenAI through the development of the widely popular generative AI chatbot ChatGPT, left the company amid pressure from the board, with… Continue reading Who is new interim OpenAI CEO Emmett Shear? All you need to know about the man replacing Sam Altman

Former OpenAI CEO Sam Altman is set to lead a new advanced AI research team at Microsoft, as announced by Microsoft CEO Satya Nadella on the social media platform X (formerly Twitter). Greg Brockman, former OpenAI president and board chair, along with other colleagues, will also join Altman in leading this new team. Microsoft, having… Continue reading Ousted OpenAI head Sam Altman to lead Microsoft’s new AI team

Google has unveiled new artificial intelligence (AI) tools in Google Shopping to enhance the holiday shopping experience. These tools, introduced for the first time, leverage generative artificial intelligence and are designed to assist users in finding the perfect gifts. The announcement precedes the holiday season, aiming to attract users to Google Shopping for their festive… Continue reading You can now use AI in Google to help with your holiday shopping. Here’s how

Microsoft CEO Satya Nadella stated that the company is not primarily focused on the Chinese domestic market, despite having significant Chinese customers operating outside of China. Nadella mentioned that Microsoft is more focused on the global market, excluding China. He acknowledged that many Chinese multinational companies operating outside China are significant customers for Microsoft’s artificial… Continue reading Microsoft is fine avoiding China as U.S. considers national security implications, CEO Satya Nadella says

Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), stated at the Singapore FinTech Festival that CBDCs have the potential to replace cash, offering benefits such as cost-effective distribution in island economies, resilience in advanced economies, and improved financial inclusion. CBDCs, the digital form of a country’s fiat currency regulated by the central bank… Continue reading IMF says central bank digital currencies can replace cash: ‘This is not the time to turn back’

Apple has unveiled an extension of its safety service, Emergency SOS via satellite, offering iPhone 14 users an extra free year of this feature. This service enables users to text emergency services even when they are in areas without Wi-Fi or cellular coverage, proving particularly useful for emergencies in remote locations. While Apple has not… Continue reading Apple iPhone 14 gets another free year of satellite Emergency SOS

Airbnb has completed its first acquisition as a public company with the purchase of Gameplanner.AI, a startup valued at nearly $200 million. Gameplanner.AI, which has been in “stealth mode” since its founding in 2020, is set to accelerate Airbnb’s artificial intelligence (AI) projects. Co-founded by Adam Cheyer, one of the creators of Siri, the startup… Continue reading Airbnb acquires AI startup for just under $200 million

Foxconn, also known as Hon Hai and a primary Apple iPhone supplier, reported an 11.27% year-on-year increase in third-quarter profit, surpassing analysts’ expectations despite a global slump in consumer electronics. The key financial highlights for the quarter ended September were: While the Taiwanese firm experienced an 11.64% decline in operating revenue from a year ago,… Continue reading Apple supplier Foxconn posts surprise 11% jump in third-quarter profit

In a surprising revelation during the ongoing antitrust battle between Google and the Department of Justice, an Alphabet witness disclosed that Google pays Apple more than a third (36%) of its search advertising revenue from Safari under their search default agreement. This figure, previously undisclosed to the public, sheds light on the significant financial impact… Continue reading Apple gets 36% of Google search revenue from Safari, Alphabet witness says

Amazon has announced significant job cuts, eliminating more than 180 positions in its Amazon Games division as part of a restructuring effort to refocus on Prime Gaming. The company will shut down its Game Growth and Crown Channel initiatives, redirecting its attention to upcoming game launches such as “Throne and Liberty” and “Blue Protocol,” along… Continue reading Amazon cuts more than 180 jobs in gaming division

Nvidia has introduced the H200, an advanced graphics processing unit (GPU) tailored for training and deploying artificial intelligence (AI) models, particularly those fueling the generative AI trend. This GPU represents an enhancement over its predecessor, the H100, famously used by OpenAI to train its sophisticated GPT-4 language model. The H100 chips, estimated to cost between… Continue reading Nvidia unveils H200, its newest high-end chip for training AI models