Norway’s massive sovereign wealth fund reported a first-quarter profit of 1.21 trillion kroner ($109.9 billion) – bolstered by strong returns from its technology stock investments it was announced on Thursday 18th April 2024. Established in the 1990s, Norway’s sovereign wealth fund, the largest in the world, invests the surplus revenueRead More →
The Generation AI: How the next wave of young innovators will shape the future Artificial intelligence (AI) is not only a technology that is transforming the world, but also a culture that is inspiring the next generation of young innovators. The Generation AI is a term that refers to theRead More →
Samsung Electronics anticipates its profits for the first quarter of 2024 to surge more than tenfold compared to the previous year. This projection is due to the recovery in chip prices following a post-pandemic decline and a surge in demand for artificial intelligence (AI) related products. As the world’s leadingRead More →
As tech giant Nvidia soars on hype around artificial intelligence (AI), and as global stock indexes claim record highs, debate has grown about whether the stock market has entered a ‘bubble.’ An AI bubble of boom We are reminded of the dotcom bubble where investment was rife in anything tech – so, areRead More →
The S&P 500 surged to a new all-time high on Thursday 22nd February 2024 Microchip maker Nvidia reported much stronger-than-expected quarterly results, lifting tech sector and markets higher. S&P 500 The S&P 500 gained just over 2% to close at 5087, notching its best day since January 2023. The Nasdaq Composite advanced 2.96% forRead More →
It was a good day of earnings for Big Tech companies. Three of the Magnificent 7 results dominated the headlines: Meta, Amazon and Apple. Nasdaq and S&P 500 gained in ‘after the bell’ trading. This after a punishing day for Alphabet and Microsoft, despite good results. Nasdaq 100 closed at: 17344Read More →
Elon Musk’s neurotech startup Neuralink implanted its device in a human for the first time on Sunday 28th January 2024, and the patient is ‘recovering well,‘ the entrepreneur said in a post on X, on Monday 29th January 2024. The company is developing a brain implant that aims to help patients with severeRead More →
The Magnificent Seven is a term coined to describe the seven most valuable and popularly owned tech companies in the U.S. stock market. It was also a 1960’s movie… The Seven Apple (AAPL) The world’s largest software company, known for its iPhone, iPad, Mac, Apple Watch, AirPods, and other devices, asRead More →
The Nasdaq Composite index reached a new all-time intra-day of 16,764 points on Monday 18th December 2023. This was a remarkable achievement for the index, as it surpassed its previous record of 16,729 points. The Nasdaq Composite index has been on a strong uptrend since March 2020, when it bottomed out at 3,193 points amid the COVID-19Read More →
Too much power for too few Tech execs have expressed concern that the development of artificial intelligence (AI) is concentrated in the hands of too few companies, potentially giving them too much power. OpenAI’s ChatGPT marked the start of what many in the industry have called an AI arms race,Read More →
Many large tech companies are planning to create their own energy supply or source power from 100% renewable generators. This is mainly because they have high electricity consumption, especially for their data centres, and they want to reduce their carbon footprint and achieve net-zero emissions targets. BIG tech companies thatRead More →
The Magnificent Seven tech stocks These are the seven largest U.S. listed companies in the technology sector. Apple, Microsoft, Amazon, Alphabet, Nvidia, Tesla and Meta Platforms. According to a report released Monday 2nd October 2023, these tech’ stocks have seen their valuation drop relative to the median stock in theRead More →
What are Luddites? Luddites were a group of workers who protested against the use of machinery that threatened their livelihoods in the early 19th century in Britain. They were not opposed to technology in general, but to the specific machines that were ‘taking away their livelihoods’. They attacked factories and smashedRead More →
Reports suggest as much as $3 trillion is waiting on the sidelines to be invested in tech’. AI FOMO The reasoning is that AI is driving a fear of missing out (FOMO). We could very well be experiencing the fourth industrial revolution right now, and it is AI-driven. Strategically, companiesRead More →
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 →
Brief ARM history Arm is a British semiconductor and software design company that is known for its Arm processors, which are widely used in smartphones, tablets, laptops, and other devices. Arm was founded in 1990 as a joint venture between Acorn Computers, Apple Computer, and VLSI Technology. The company wasRead More →
The U.S. will ban American investment in some areas of China’s high-tech sector, including artificial intelligence, adding to strained relations between the two superpowers. U.S. firms will also be invited to disclose what investments they make in China in high-tech sectors.The much-anticipated move gives the U.S. government new power toRead More →
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AI stands for Artificial Intelligence, which is the ability of machines to perform tasks that normally require human intelligence. AI can involve various aspects of cognition, such as perceiving, reasoning, learning, problem-solving, and even creativity. Types of AI AI can be classified into different types based on the level ofRead More →