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China Concerns Persist Despite Nvidia's Outlook Exceeding Expectations

Due to new regulations in the United States, chip maker Nvidia said it anticipates a sharp decline in fourth-quarter sales in China, a major source of revenue. However, it projects overall revenue to surpass Wall Street projections as supply-chain problems improve.   The AI business is...

Due To Customers Cutting Back On Their Spending, Kohl's Fails Its Quarterly Sales Expectations

Kohl's reported lower-than-expected quarterly sales on Tuesday as a result of consumers spending less money at its department shops due to ongoing high inflation.   The company's shares, which are based in Menomonee Falls, Wisconsin, dropped 2.4% in premarket trading.   Due to rising...

Investors Of OpenAI Are Thinking Of Suing The Board Following The CEO's Sudden Termination

Some investors in OpenAI, the firm that created ChatGPT, are considering taking legal action against the board after the directors fired CEO Sam Altman and perhaps caused a mass resignation of staff members, according to those acquainted with the situation.   Investors are studying their...

Retail Investors Swarm Eli Lilly On The Clearance Of A Weight-Loss Medication

Retail inflows into Eli Lilly reached a record high of over two years in November as tiny investors snapped up the shares following the much-awaited approval of the weight-loss medication Zepbound by the giant American pharmaceutical company. According to statistics from Vanda Research, daily net...

Fired OpenAI CEO Altman Talks About A Potential Comeback And Considers Starting A New AI Venture: Reports

Sam Altman, the recently fired CEO of OpenAI, is thinking about starting a new artificial intelligence (AI) business while also talking about perhaps rejoining the company that created the ChatGPT bot, according to reports quoting source information.   According to the reports, Altman was...

Shares Of Volvo Cars Fall To A Historic Low As Geely Reduces Its Position

After China's Geely, the largest stakeholder of the Swedish automaker Volvo Cars, sold a minor portion of its investment at a steep discount to the previous day's closing price, the automaker's shares plunged as much as 14% to a record low on Friday.   Geely started a placement of 100...

Alibaba Lost $20 Billion In Market Value When It Decided Not To Float Its Cloud Computing Company

Alibaba, the enormous Chinese e-commerce company, lost $20 billion in market value when it declared that it would not be listing and spinning out its cloud computing division.   Citing U.S. export limitations on advanced semiconductors, the business, which competes with the internet behemoth...

US Automobile Sales Leader Toyota's Camry Now Exclusively Runs On Hydrogen

The most daring step yet taken by the Japanese carmaker to get hybrid technology into the core of the American market is the announcement that the next version of the Toyota Camry, the best-selling sedan in the country, will only have a gas-electric hybrid powertrain.   In all front-wheel...

Nvidia Updates Its Flagship Chip To Support More Complex AI Systems

Nvidia declared that it has enhanced the capabilities of its top-tier AI processor and that it will begin to ship the new product alongside Amazon.com, Google, and Oracle early in the next year.   The chip, dubbed the H200, will surpass Nvidia's top-tier H100 chip at present. More...

Wegovy, A Weight Loss Medication From Novo Nordisk, Reduces The Risk Of Major Cardiac Events

In a meticulously monitored experiment, Novo Nordisk's Wegovy reduced the risk of major cardiovascular problems in individuals with obesity and heart disease. It also showed a particularly significant effect on heart attacks, suggesting a promising new direction for the medication.   Wegovy...

Political Advertisements On Meta Platforms Will Have To Flag Off Use Of Deepfakes

Political marketers will have to notify Meta when their ads on Facebook and Instagram employ artificial intelligence (AI) or digital manipulation. Although the social media platform already has rules in place regarding the use of deepfakes, it claims that this goes one step further.  ...

Stolen Boeing Data Published By The Lockbit Hacker Group

On Friday, Lockbit—a cybercrime group that demands ransom payments in exchange for data theft and release—published online internal data from Boeing, one of the biggest defence and space companies in the world.   In October, the hackers declared that they had amassed "a tremendous amount" of...
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