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Nvidia Momentarily Surpasses Amazon In Market Capitalization Due To An AI Frenzy

Nvidia momentarily overtook Amazon.com Inc. in market capitalization as the chipmaker surged to the fourth position in terms of value in the United States due to the excitement surrounding artificial intelligence.   According to LSEG statistics, Nvidia's market value peaked at $734.96,...

Google Commits 25 Million Euros To Improve European AI Capabilities

Google has promised to provide 25 million euros, or $26.78 million, to support the education of Europeans in artificial intelligence (AI).   The internet giant said on Monday that it has launched applications for social entrepreneurs and charities that may assist in reaching those who would...

CEO Of Unilever Is Pursuing A Strategy Change With Support From Peltz

Nelson Peltz, a billionaire activist and board member, is "fully behind" a recently developed plan to revitalise the company, according to Unilever CEO Hein Schumacher, despite the doubts of some other investors following years of underperformance in the industry.   According to Schumacher,...

PepsiCo Predicts A Rare Revenue Dip Due To Price Increases Hurting Demand

PepsiCo's shares fell as much as 4% on Friday after the company revealed a surprising decline in quarterly sales and predicted a steep slowdown in organic revenue growth for 2024 due to several price increases that are impacting the demand for its chips and beverages.   After two years of...

Cisco To Concentrate On High Growth Sectors, To Eliminate Thousands Of Jobs – Reuters

Network giant Cisco plans to restructure its operations in order to concentrate on high-growth areas. This reorganisation will involve the layoff of thousands of employees, according to a Reuters report quoting three people familiar with the situation,.   As of fiscal 2023, the San Jose,...

Disney's Commitment To Epic Games Indicates That The Business Must "Be There"

Among a small group of businesses chosen to take part in Walt Disney's Accelerator incubator programme in 2017, Epic Games' founder hoped to integrate the popular characters from the entertainment conglomerate into his virtual playground.   Disney is now placing a far larger wager that will...

Value Of Nvidia's Shares Is About To Surpass That Of Amazon

The Wall Street's fervour for artificial intelligence is pushing Nvidia to likely surpass Amazon in value for the first time in twenty years, and Alphabet, the company that owns Google, is not far behind.   According to LSEG statistics, Nvidia's market capitalization increased to $1.715...

Following Rebound Of Tech Valuations, Softbank's Vision Fund Records Its Largest Gain In Over Three Years

Amidst a rebound in the valuation of technology companies, SoftBank reported its largest gain in over three years at its flagship tech investment arm, the Vision Fund, in the December quarter.   This is SoftBank's performance during the December quarter relative to LSEG estimates:  ...

Even Though 2024 Seems "Slightly Better," Foxconn Warns Of An AI Chip Scarcity

The largest contract electronics manufacturer in the world and Apple's primary iPhone assembler, Foxconn of Taiwan, predicts that business will be "slightly better" this year than last, despite a lack of processors for AI servers.   Liu Young-way, the chairman of Foxconn, stated on Sunday,...

India’s Paytm Is Getting Close To A Record Low, With A $2.5 Billion Drop In Market Value Since The RBI Crackdown

The Indian digital payments company Paytm's shares fell 10% to almost all-time lows on Monday, continuing a downward trend that began last week due to a regulatory crackdown on its banking division.   Since the Reserve Bank of India (RBI) instructed Paytm Payments Bank on Wednesday to cease...

Ad Income Of Google Parent Alphabet Is Down, CapEx Is Up, And Shares Are Down 6%

Wall Street was let down by Alphabet when the business announced that this year it would be spending more on things like servers that would fuel artificial intelligence, despite the fact that holiday-season advertising sales fell short of forecasts.   After hours trading saw a 6% decline in...

CEO Of United Says Boeing's Issues May Have Been Exacerbated By A Loss Of Skills

According to a senior United Airlines executive, the COVID-19 pandemic has resulted in a broad loss of experience in the aviation business, which may have led to current issues at Boeing.   "Experience counts and they need to have a good experienced team righting the ship," Executive Vice...
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