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On Monday, 25th March 2024, the European Union initiated its first investigation under the new Digital Markets Act, targeting Apple, Alphabet, and Meta for potential tech legislation breaches. Statement “Today, the Commission has opened non-compliance investigations under the Digital Markets Act (DMA) into Alphabet’s rules on steering in Google Play and self-preferencing on GoogleRead More →

Gemini chatbot illustration

Google on Thursday 22nd February 2024 said it is pausing its Gemini artificial intelligence (AI) image generation feature after saying it offers ‘inaccuracies’ in historical pictures Users had been reporting that the AI tool generated images of historical figures, like the U.S. Founding Fathers as people of colour, calling thisRead More →

Magnificent Seven market cap at $15 trillion

The Magnificent Seven, or MAMA ANT, is a term coined by Bank of America to describe the seven most dominant tech companies in the world The Seven are: Microsoft, Amazon, Meta Platforms, Apple, Nvidia, Tesla, and Alphabet. These companies have not only led the tech sector in terms of innovation,Read More →

Stocks

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 →

The Magnificent Seven

Top tech stocks The Magnificent Seven is a term to describe seven tech’ stocks that have been surging in 2023. Dominant These seven stocks are considered to be dominant in their respective fields and have strong growth prospects driven by innovation and artificial intelligence (AI). They have outperformed the broaderRead More →