The top 10 of the world’s most valuable companies is headed by Microsoft and Apple, closely followed by AI chip designer Nvidia. Their global stock market valuations exceed three trillion dollars on Wall Street. Alphabet and Amazon, which recently topped the two trillion dollar mark, follow in an ever-changing ranking. Visitors watch an exhibit at … Read more
Amazon.com has reached a US$2 trillion market valuation for the first time ever, as an artificial intelligence (AI)-fuelled rally pushed the tech giant deeper into record territory. Shares rose 3.9 per cent on Wednesday to close at US$193.61, pushing the market value to more than US$2 trillion. The company is now a member of an … Read more
Apple overtook Microsoft to regain its title as the world’s most valuable company, the latest sign of improving investor sentiment over its growth and position with artificial intelligence. The milestone followed a blistering rally, including Apple’s biggest three-day advance since August 2020. It closed with a market capitalisation of US$3.285 trillion, compared with Microsoft at … Read more
George Soros is among the most successful investors in the world, popularly known as the man who broke the Bank of England. In 1992, he made a single-day profit of $1 billion from short-selling the British Pound. His philanthropic efforts saw him donate over $32 billion to charitable causes via the Open Society Foundations. Soros … Read more
As part of the roll-out, more basic AI tasks will be processed on devices themselves, while more advanced capabilities will be handled via cloud computing. The company also has been forging a deal with OpenAI to integrate the start-up’s chatbot and other technology into the iOS operating system, and it remains in talks with Google … Read more
Sundar Pichai. (Photo Credits: Instagram Google CEO Sundar Pichai has expressed confidence in India’s capability in artificial intelligence (AI) and said the country is “well-positioned” to shape the future of this technology Google CEO Sundar Pichai has expressed confidence in India’s capability in artificial intelligence (AI) and said the country is “well-positioned” to shape the … Read more
New Delhi: After seeing its net profit drop by almost 35 per cent in 2022 due to inflation and advertisers’ pullbacks, Google’s parent, Alphabet, has been on a trajectory of growth for the past year and a half, earning $3,042 (nearly Rs 2,53,444) per second in the year’s first quarter (Q1), or 43 per cent … Read more
Billionaire investor David Tepper is known for his high-risk, aggressive trading style. As the founder of the Appaloosa Management hedge fund, Tepper has made a fortune with his contrarian calls and bets on the debts of distressed assets. During the ’08 financial crash that drove down the value of banks to record lows, Tepper was … Read more
“This is a moment of growth and opportunity,” Alphabet CEO Sundar Pichai told reporters, when asked if the AI updates could risk Google’s profitable business. The product presentation at Google’s annual I/O developer event in Mountain View, California, followed a shorter showcase by rival OpenAI on Monday. OpenAI demonstrated how ChatGPT could voice answers with … Read more
ChatGPT maker OpenAI said on Monday it would release a new AI model called GPT-4o, capable of realistic voice conversation and able to interact across text and image, its latest move to stay ahead in a race to dominate the emerging technology. New audio capabilities enable users to speak to ChatGPT and obtain real-time responses … Read more
