Apple’s fiscal fourth-quarter earnings report indicates that the company doesn’t expect revenue growth in the December quarter, a crucial time of the year for its business. While Apple beat analyst expectations and noted strong performance of the iPhone 15 compared to the previous model, revenue fell about 1% from a year ago, marking the fourth… Continue reading Apple lacks a clear path to growth this holiday season after four straight quarters of shrinkage

Sam Bankman-Fried, the founder of FTX, has been found guilty of all seven criminal counts against him, including wire fraud, conspiracy to commit wire fraud, securities fraud, commodities fraud, and money laundering. These charges were related to the collapse of FTX and its sister hedge fund, Alameda Research, last year. Bankman-Fried had pleaded not guilty… Continue reading Sam Bankman-Fried found guilty on all seven criminal fraud counts

Amazon is introducing a buy now, pay later checkout option in partnership with Affirm for small business owners using its online store, specifically targeting sole proprietors and small businesses in the U.S. This service will offer loans ranging from $100 to $20,000 and will be available to eligible customers by Black Friday, which falls on… Continue reading Amazon unveils buy now, pay later option from Affirm for small business owners

Shopify’s stock surged more than 15% after the company reported third-quarter results that exceeded expectations and provided a strong forecast for the rest of the year. In the quarter, Shopify outperformed expectations in several key areas: Shopify anticipates its 2023 revenue to grow at a mid-twenties percentage rate year-over-year, driven by strong fourth-quarter revenue growth… Continue reading Shopify shares surge 15% on earnings beat, rosy guidance

The UK has launched a two-day artificial intelligence summit at Bletchley Park, a historic location associated with World War II codebreakers. The summit brings together political leaders and top AI companies from around the world, including the US and China, to discuss international agreements on the responsible development of AI. Notable attendees include Tesla CEO… Continue reading Elon Musk is in the UK for a pivotal summit on AI — here’s who’s going

Microsoft has introduced the Microsoft 365 Copilot artificial intelligence add-on for its Office app subscriptions aimed at businesses, priced at $30 per person per month. Analysts at Piper Sandler estimate that this could generate over $10 billion in annualized revenue by 2026. Microsoft seeks to capitalize on its dominant position in the productivity software market,… Continue reading Microsoft starts selling its Copilot AI tool for email and documents

Apple unveiled a range of new PC chips and upgraded MacBook Pro and iMac models at a nighttime launch event. The new chips, part of the M3 product lineup, are designed to revamp Apple’s Mac computers and provide improved performance, longer battery life, and enhanced capabilities for AI development. Apple emphasized that the new machines… Continue reading Apple announces new M3 chips and cuts the price of the entry-level MacBook Pro

Alibaba has launched Tongyi Qianwen 2.0, its latest large language model (LLM), in a bid to compete with U.S. tech giants like Amazon and Microsoft. The LLM has been described as a “substantial upgrade” from its predecessor, with enhanced capabilities in understanding complex instructions, copywriting, reasoning, memorization, and preventing the presentation of incorrect information. Alibaba… Continue reading Chinese tech giant Alibaba launches upgraded AI model to challenge Microsoft, Amazon

The UK government has confirmed its intention to regulate the cryptocurrency industry, planning to introduce formal legislation for crypto activities by 2024. The announcement follows the government’s response to a consultation paper earlier this year, which detailed recommendations for regulating the crypto sector. The proposed regulations would bring certain cryptoasset activities under the same rules… Continue reading UK confirms plans to regulate crypto industry with formal legislation

President Joe Biden has issued a groundbreaking executive order on artificial intelligence (AI), marking the U.S. government’s first comprehensive move to regulate and promote the responsible development of AI technology. The order addresses various aspects of AI, including safety, security, privacy, equity, civil rights, and its impact on the labor market. Here are the key… Continue reading Biden unveils U.S. government’s first-ever AI executive order

Intel’s stock experienced a significant 10% surge in premarket trading on a Friday morning after the company delivered impressive results that surpassed Wall Street’s expectations for both profit and sales. This surge follows Intel’s announcement of earnings per share (EPS) of 41 cents (adjusted), significantly exceeding the LSEG estimate of 22 cents. The company reported… Continue reading Intel pops 10% after earnings beat shows progress toward $3 billion in cost savings

Amazon’s shares surged by over 6% following the release of its third-quarter earnings report, which surpassed analysts’ expectations and demonstrated the effectiveness of the company’s cost-cutting efforts. Strong Financial Performance: In the third quarter, Amazon’s revenue increased by 13% to reach $143.1 billion. The company’s net income more than tripled, rising to $9.9 billion, or… Continue reading Amazon shares jump as analysts praise third-quarter results