Apple Announces $46 Billion in Global iPhone Sales as AI Helps End Slump

Nvidia’s Blackwell AI Chips in Focus as Sales Growth Slows

The advanced chip maker announces quarterly results this week, as reports suggest its newest chips may overheat in powerful AI servers.

Business - Inc. - 5 days ago

Nvidia's Sales Soar as AI Spending Boom Barrels Ahead

The AI chip giant gave a strong outlook, pointing to healthy demand for next-generation chips.

Business - The Wall Street Journal - 3 days ago

Apple's services unit is now a $100 billion a year juggernaut after 'phenomenal' growth

Apple's services business has become a critical part of the company's appeal to Wall Street over the past decade.

Business - CNBC - November 1

Judge Plans to Rule on Musk’s $56 Billion Tesla Payday by Year End

The contentious proceedings in Delaware’s Court of Chancery should be complete by the end of December, according to the judge’s letter to lawyers in the case.

Business - Inc. - November 1

Berkshire’s Apple position now down by two thirds in 2024 after latest sales

Warren Buffett’s Berkshire Hathaway unloaded 25% more of its Apple position during the third quarter.

Business - MarketWatch - November 2

The good, the bad and the celebrity: Sugar Hut sale is 'end of an era'

The nightclub, made famous by The Only Way Is Essex, is preparing to shut its doors for good.

Global gold demand tops $100 billion for first time ever in third quarter

Global gold demand climbed to a third-quarter record high, with the value of demand for the precious metal topping $100 billion for the first time ever, according to a report from the World Gold ...

Business - MarketWatch - October 30

AI helps organization send poorest households impacted by Helene and Milton $1,000

AI helps philanthropic organization GiveAway provide neediest families direct cash payments, fast.

Upstart’s return to ‘growth mode’ helps send the AI lending stock higher

Loan volumes picked up 43% on a sequential basis.

Business - MarketWatch - November 8

Forget the Nanny, Check the Chatbot. AI May Soon Help With Parenting

The AI revolution means new startups can address some unexpected markets, like easing the challenges of caring for kids.

Business - Inc. - November 8

Alibaba’s stock turns lower as investments to meet AI demand hurt profitability

Alibaba’s stock knee-jerked up after earnings then reversed lower, as revenue missed expectations and ’aggressive’ investments on AI capabilities weighed on profitability.

Business - MarketWatch - November 15

Our brains are vector databases — here’s why that’s helpful when using AI

Parallels between our brains and vector databases go deeper than retrieval. Both excel at compression, organizing and identifying patterns.

Tech - VentureBeat - November 16

Apple, Meta and Amazon must show the stock market that AI spending is paying off

Big-tech bellwethers facing scrutiny on whether they are meeting competitive challenges.

Business - MarketWatch - October 30

Apple looks strong on AI; Amazon rules the cloud. Earnings will show how much.

Expect positive surprises from these two “Magnificent Seven” standouts.

Business - MarketWatch - October 31

HSBC announces fresh $3 billion share buyback as third-quarter earnings beat expectations

Pre-tax profit came in at $8.5 billion, a 10% rise from the $7.7 billion posted a year ago.

Business - CNBC - October 29

Biden administration announces $3 billion to reduce air pollution from US ports

The Biden administration on Tuesday announced $3 billion in funding through the Environmental Protection Agency (EPA) to reduce pollution and greenhouse gas emissions associated with U.S. ports. ...

Politics - The Hill - October 29

Saudi sovereign wealth fund announces $2 billion deal for new Brookfield Middle East platform

At least 50% of the capital will be allocated to investments in the kingdom and to expanding international companies' presence in the local market.

Business - CNBC - October 30

Apple AirPods Pro's new hearing aid feature could help people face a problem they'd rather ignore

Millions who could benefit from hearing aids have never tried them

Health - ABC News - October 28

23andMe reports sales decline a day after announcing plans to cut 40% of workforce

Embattled genetic testing provider 23andMe said Tuesday that revenue declined from a year earlier, a day after the company announced a cost-cutting plan.

Business - CNBC - November 12

Goldman Institute calls for ‘data center diplomacy’ as U.S. competes in global AI race

Goldman Sachs Institute's Jared Cohen says the U.S. will need to outsource its data center capacity, and choose its global partners wisely.