Amazon Hits $2 Trillion in Value as AI Frenzy Fuels Rally
Amazon.com Inc. has reached a $2 trillion market valuation for the first time ever as an artificial intelligence-fueled rally pushed the tech giant deeper into record territory. Shares rose 3.9% on Wednesday to close at $193.61, pushing the market value to more than $2...
Investor Beware: Micron’s Selloff Exposes AI Stock Risks
Micron Technology Inc.’s post-results selloff serves as a fresh reminder to global investors about the risks inherent in betting on artificial intelligence chipmakers. The memory chip manufacturer’s shares fell about 8% in extended trading after issuing a forecast that did...
From Cellphone Batteries to EV Giants: The Rise of BYD’s Wang Chuanfu
At the headquarters of BYD Co. in Shenzhen, there’s a wall crammed floor to ceiling with about a thousand framed patents representing more than 30,000 innovations the electric-vehicle maker’s billionaire founder, Wang Chuanfu, and his army of engineers have devised.
A...
Google Rolls Out Gemini Side Panel Across Gmail, Docs, and More Workspace Apps
Google is enhancing its Workspace suite with the launch of the Gemini side panel, a powerful AI-driven toolset now available to paid subscribers. Announced at Google I/O 2024, this feature aims to transform how users interact with Gmail, Google Drive, Docs, Sheets, and...
YouTube Introduces App Tracking Transparency Prompt for iOS Users
YouTube will soon ask iOS users to opt into more personalized advertising. This change, expected to roll out imminently, follows Apple’s iOS 14.5 requirement for apps to explicitly request user consent for tracking activities across other apps and websites.
The...
Nvidia’s Market Surge Unstoppable: Shares Soar 165% in 2024, Eyes on Global Top Spot
Nvidia Corporation continues its monumental rise in the stock market, with shares surging over 200% in the past year alone. Analysts are now projecting that the semiconductor giant could achieve a staggering $5 trillion market valuation within the next year, driven by its...
New Era for Smart Rings: Samsung’s Galaxy Ring Set for August Launch
Samsung isn’t waiting around for Oura to file any patent claims over its forthcoming smart ring. Instead, it’s preemptively filed its own suit against Oura, seeking a “declaratory judgment” that states the Galaxy Ring doesn’t infringe on five Oura patents.
The suit...
Apple Reclaims Top Spot as World’s Most Valuable Company, Riding AI Wave
Apple Inc. has surpassed Microsoft Corp. to become the world’s most valuable company, a testament to its aggressive push into artificial intelligence (AI). This transition marks the first time in five months that Apple has overtaken its rival in market valuation.
On...
BYD Founder Slams Western Fears Over Chinese Electric Vehicle Invasion
Wang Chuanfu, Chairman of BYD Co., China’s largest auto company, declared that Western countries are apprehensive about Chinese electric vehicles (EVs). Wang attributed this wariness to the growing strength of China’s automotive industry.
“The reaction...
Instagram Tests Unskippable Ads, Drawing Mixed Reactions
Instagram is experimenting with unskippable ads. The social media giant confirmed the test after users began circulating screenshots of the feature online.
The new ad format introduces a countdown timer, effectively pausing users’ ability to scroll past content...