Apple stock slips after Barclays downgrade

Apple shares slipped 4% on Tuesday, after Barclays downgraded the stock to underweight and slightly trimmed its price target from $161 to $160. Barclays analyst Tim Long wrote in a note to clients Tuesday that the iPhone 15’s current “lackluster” sales, specifically in China, presaged similarly weak iPhone 16 sales — weakness that Long expects … Read more

Google Pixel Tablet deal and charging dock is $100 off today

Joe Maring / Digital Trends According to Google, home is where the dock is. That makes perfect sense for the Google Pixel Tablet, a smart 11-inch tablet designed to work seamlessly on its charging dock and off. It features the Android operating system, Google TV, Chromecast built-in, and more. But the Hub mode is where … Read more

Generative AI big year meant profit for Nvidia, experiments elsewhere

Sam Altman, CEO of OpenAI, at the Hope Global Forums annual meeting in Atlanta on Dec. 11, 2023. Dustin Chambers | Bloomberg | Getty Images OpenAI CEO Sam Altman has admitted that he was surprised by the popularity of ChatGPT, which was released as a research project a little more than a year ago. His … Read more

Tech stocks wrap up 2023 rally after last year’s slump

The Nasdaq MarketSite in the Times Square neighborhood of New York, on Tuesday, May 31, 2022. Michael Nagle | Bloomberg | Getty Images Tech stocks rebounded from a disastrous 2022 and lifted the Nasdaq to one of its strongest years in the past two decades. After last year’s 33% plunge, the tech-heavy Nasdaq finished 2023 … Read more

In new world of AI, same old data privacy tradeoff for consumers

All the dominant technology companies are integrating generative AI into their online services, from Google to Meta, Microsoft and Apple. Google’s recent integrations of Bard, its chat-based AI tool, with a host of Google apps and services is one example of moving generative AI more directly into consumer life via text, image, and voice interactions. … Read more

Apple underperformed mega-cap peers in 2023 due to revenue slide

Apple CEO Tim Cook stands next to a new Apple Vision Pro headset displayed during the Apple Worldwide Developers Conference in Cupertino, California, June 5, 2023. Justin Sullivan | Getty Images Apple’s stock rallied in 2023, but its performance was outshined by all of its mega-cap tech peers, as the company suffered four straight quarters … Read more

Google to pay $700 million to U.S. consumers, states in Play store settlement

UKRAINE – 2021/10/06: In this photo illustration a Google Play Store logo is seen on a smartphone. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images Alphabet’s Google has agreed to pay $700 million and to allow for greater competition in its Play app store, according to the terms of … Read more

Alphabet to limit election queries Bard and AI-based search can answer

Omar Marques | Sopa Images | Getty Images Alphabet‘s Google said on Tuesday it will restrict the types of election-related queries its chatbot Bard and search generative experience can return responses for, in the run up to 2024 U.S. Presidential election. The restrictions are set to be enforced by early 2024, the company said. Aside from the U.S., a slew of groundbreaking elections are expected in 2024, including … Read more

Google, Meta, other tech giants cut DEI programs in 2023

AnitaB.org CEO Brenda Wilkerson speaks on a panel with Dr. Jackie Bouvier Copeland at the 2019 Grace Hopper conference. Shortly after the murder of George Floyd at the hands of Minneapolis police in 2020, Google was among many tech companies that set up new programs aimed at supporting Black employees. The goal, CEO Sundar Pichai … Read more

Meta’s stock wrapping up record year, spurred by cost cuts

Meta founder and CEO Mark Zuckerberg speaks during the Meta Connect event at Meta headquarters in Menlo Park, California, on Sept. 27, 2023. Josh Edelson | AFP | Getty Images Last year at this time, Meta was navigating a crisis of confidence that had pushed its stock price to its lowest since 2016. Sales were … Read more