Nvidia, traditionally recognised within the gaming community for its graphics chips, has become the world’s most valuable publicly traded company. On Tuesday 18th June 2024, Nvidia’s shares rose by 3.6%, increasing its market cap to $3.34 trillion and overtaking Microsoft, now valued at $3.32 trillion. Earlier in the month, Nvidia’sRead More →
Microsoft will not include Recall, the artificial intelligence tool designed to track user activity, in the upcoming release of the Copilot+ PC. Concerns have been raised by industry experts about the possibility of hackers creating tools to extract user information. Microsoft has reportedly announced that Recall will transition from aRead More →
After Microsoft announced its Recall feature for Copilot+ AI PCs, security analysts reportedly said it could expose user data to hackers and cyber-crime. Microsoft reportedly said Friday 7th June 2024 that the feature will be ‘off‘ by default. The software company also announced security protections.Read More →
The UK’s data protection authority, the Information Commissioner’s Office (ICO), is reportedly making inquiries into a new screenshot feature available from Microsoft. This feature, known as Recall, is a component of the Copilot+ suite and aims to take encrypted snapshots of a user’s laptop screen at intervals, storing them onRead More →
Microsoft is promoting new computers equipped with advanced chips, engineered to operate the new artificial intelligence (AI) capabilities embedded in the Windows operating system. On Monday 20th May 2024, Microsoft unveiled a Surface Laptop and a Surface Pro tablet, both featuring a Qualcomm chip capable of executing AI tasks bothRead More →
Microsoft’s Q3 results surpassed estimates for both revenue and earnings. But the revenue forecast for Q4 was less than anticipated, with the company reportedly projecting $64 billion, which is below the consensus of $64.5 billion – (only just). Revenue: $61.86 vs. $60.80 billion expected Earnings per share: $2.94 vs. $2.82 expected Additionally,Read More →
Nasdaq 100 futures declined around 0.75%. S&P 500 futures were also down around 0.4% In after-hours trading, shares of Alphabet dropped more than 5%, while Microsoft slipped 2% after the tech giants, part of the Magnificent Seven posted quarterly earnings. However, both companies achieved on both top and bottom lines. However, advertising revenue for Alphabet came short ofRead More →
Microsoft’s market cap surpassed $3 trillion in intraday trading Wednesday after the stock climbed more than 1% and hit around $404 per share. The stock lost some ground throughout the day to close at: $402 per share. The achievement comes nearly two weeks after Microsoft eclipsed Apple as the world’s most valuable public companyRead More →
U.S. news organisation the New York Times is suing ChatGPT-owner OpenAI over claims its copyright was infringed to train the system. The New York Times has filed a lawsuit against OpenAI and Microsoft for using its news stories to train chatbots without permission or compensation. The lawsuit claims that the defendantsRead More →
Meta, OpenAI, and Microsoft said they will use AMD’s newest AI chip, the Instinct MI300X. An indication that tech companies want alternatives to the expensive Nvidia graphics processors that have been essential for artificial intelligence (AI). If the MI300X is good enough and inexpensive enough when it starts shipping earlyRead More →
Sam Altman, the former CEO of OpenAI, who was fired last week in a controversial board decision. According to the latest reports, Altman is joining Microsoft to lead a new AI research team that will focus on advanced and ethical AI development. Altman is a well-known entrepreneur and investor whoRead More →
Microsoft is working on its own artificial intelligence chip, code-named Athena, that could compete with Nvidia’s products. The company introduced two new microchips. The first, its Maia 100 artificial intelligence chip, could compete with Nvidia’s highly sought-after AI graphics processing units. The second, a Cobalt 100 Arm chip, is aimed at generalRead More →
Microsoft ended Tuesday’s trading session at a record high of $360.53, following fresh optimism about growth from a key partner in artificial intelligence (AI). The increase gives the company a market value of about $2.68 trillion. At a tech event on Monday 6th November 2023, Microsoft’s AI partner, OpenAI, announced aRead More →
Microsoft has said it will contest a U.S. tax authority’s request to pay an additional $28.9 billion (£23.5 billion) in back taxes for the years 2004 to 2013. The Internal Revenue Service (IRS) has been auditing how the firm allocates profits among countries and jurisdictions. Microsoft reportedly said, ‘the issues raised byRead More →
Gaming industry’s biggest ever takeover deal Microsoft’s $69 billion revised offer to buy Call of Duty-maker Activision Blizzard has been approved by UK regulators. The Competition and Markets Authority (CMA) said the deal addressed its concerns, after the watchdog blocked the original $69bn (£59bn) bid in April 2023. The greenRead More →
During intraday trading on Wednesday 26th June 2024, Amazon’s market capitalisation surpassed $2 trillion. The company now stands among other tech giants like Nvidia, Apple, Alphabet, and Microsoft, which have also achieved a market cap of over $2 trillion ($3 trillion for in Nvidia Apple and Microsoft). Amazon’s shares haveRead More →
To put this figure into some perspective, the loss is comparable to the GDP output of a small country, such as Norway, Singapore, or the UAE, for example. Global semiconductor stocks experienced volatility on Tuesday following a decline in Nvidia’s shares from the previous trading sessions. Shares of chip firmsRead More →
The little-known company, Nvidia, now stands alongside Apple and Microsoft in market cap valuation thanks to AI. In just a little over a year it has all but tripled its market valuation and become a go to investment on Wall Street and around the world. Nvidia’s market capitalization has recentlyRead More →
The S&P 500 retreated on Thursday 20th June 2024, having momentarily surpassed the 5500 for the first time ever, as Nvidia, a favourite stock with Wall Street investors, relinquished its earlier gains. The S&P 500 index fell 0.25% to end at 5473. Earlier in the session, the S&P 500 gainedRead More →
Nvidia’s swift ascent is poised to prompt a major technology exchange-traded fund to acquire more than $10 billion in shares of the semiconductor maker, consequently reducing its shareholding in Apple. The Technology Select Sector SPDR Fund (XLK), which will rebalance soon, is guided by an index that will adjust basedRead More →
The S&P 500 reached a new high as Nvidia surpassed the $3 trillion mark for the first time, and the anticipation of an interest rate cut grew due to softer-than-expected job data. S&P 500 all-time high as of 5th June 2024 Similarly, the Nasdaq 100 and Nasdaq Composite achieved newRead More →
Intel announced its new Xeon 6 processors at the Computex tech conference in Taiwan on Tuesday 4th June 2024. This announcement coincides with the recent launches of new artificial intelligence chips by rivals Nvidia and AMD on Sunday and Monday 2nd and 3rd June 2024 – as they compete forRead More →
AMD announced new artificial intelligence chips on Monday 3rd June 2024, aiming to position itself as a leader in the market alongside competitors such as Nvidia and Intel. “AI is our number one priority and we’re at the beginning of an incredibly exciting time for the industry as AI transformsRead More →
The International Monetary Fund (IMF) advises that the Bank of England should contemplate reducing its interest rates to 3.5% by the end of 2025. This suggestion is made as the UK’s economy steadily recovers from the recession caused by the pandemic, while policymakers are dealing with inflationary challenges. The ‘thinking’Read More →
Nvidia’s shares surpassed $1,000 for the first time during extended trading on Wednesday 22nd May 2024, following the chip manufacturers report of fiscal first-quarter (Q1) earnings that exceeded analysts’ expectations. Investors have been using Nvidia’s performance as a barometer for the AI industry’s growth, which has captivated the market overRead More →
Leading technology companies, such as Microsoft, Amazon, and OpenAI, have united under a significant international accord for artificial intelligence (AI) safety measures, established at the Seoul AI Safety Summit on Tuesday 21st May 2024. Following the agreement, firms from various nations, including the UK, China, Canada, the U.S., France, SouthRead More →