Broadcom, Nvidia among the top-gaining portfolio stocks in strong week

In a strong week for Wall Street, a wide-ranging group of Club stocks marched higher, including both of our chipmakers benefiting from the artificial intelligence boom. Here’s a breakdown of the Club’s top-five performers over the past five sessions. AVGO YTD mountain Broadcom (AVGO) year-to-date performance Shares of Broadcom jumped 9.55% this week, occupying the … Read more

European lawmakers approve world’s first major act to regulate AI

Surasak Suwanmake | Moment | Getty Images The European Union Parliament on Wednesday endorsed the world’s first major set of regulatory ground rules to govern the mediatized artificial intelligence at the forefront of tech investment. The EU brokered provisional political consensus in early December, and it was then endorsed in the Parliament’s Wednesday session, with … Read more

UK neobank Monzo hits $5 billion valuation after $430 million raise

British digital bank Monzo on Tuesday raised $430 million in fresh capital from investors to help it relaunch its services in the U.S. Monzo raised the money in a new funding round led by CapitalG, the independent venture arm of Google parent company Alphabet. HongShan, the Chinese venture capital firm that split from Sequoia Capital … Read more

Sergey Brin says Google ‘definitely messed up’ with Gemini launch

Sergey Brin, president of Alphabet and co-founder of Google David Paul Morris | Bloomberg | Getty Images Google co-founder Sergey Brin, in a rare public appearance over the weekend, told a group of artificial intelligence enthusiasts that he came out of retirement “because the trajectory of AI is so exciting.” Brin, 50, spoke to entrepreneurs … Read more

Cohere says rivals are building Bugatti sports cars, ‘We make F150s’

Cohere president Martin Kon says a lot of the hot artificial intelligence startups on the market today are building the equivalent of fancy sports cars. His product, he says, is more like a heavy-duty truck. “If you’re looking for vehicles for your field technical service department, and I take you for a test drive in … Read more

Google CEO tells employees Gemini AI blunder ‘unacceptable’

Google CEO Sundar Pichai speaks in conversation with Emily Chang during the APEC CEO Summit at Moscone West on November 16, 2023 in San Francisco, California. Justin Sullivan | Getty Images News | Getty Images In a memo Tuesday evening, Google CEO Sundar Pichai addressed the company’s artificial intelligence mistakes, which led to Google taking … Read more

Highmark Health integrating tech from Google Cloud and Epic Systems

Google Cloud CEO Thomas Kurian speaks at the Google Cloud Next event in San Francisco, April 9, 2019. Michael Short | Bloomberg | Getty Images Highmark Health announced Monday that it’s integrating technology from Google Cloud and the health-care software company Epic Systems to try to improve data gathering for providers and payers. Consumer health-care … Read more

Reddit files to list IPO on NYSE under the ticker RDDT

Budrul Chukrut | Lightrocket | Getty Images Social media company Reddit filed its IPO prospectus with the Securities and Exchange Commission on Thursday after a yearslong run-up. The company plans to trade on the New York Stock Exchange under the ticker symbol “RDDT.” Reddit said it had $804 million in annual sales for 2023, up … Read more

Nvidia’s Data Center business is booming, up over 400% since last year

The Nvidia logo is displayed on a smartphone. Jonathan Raa | Nurphoto | Getty Images Nvidia’s Data Center business just logged $18.4 billion in fourth-quarter sales, underscoring how the computer chip giant continues to benefit from the current boom in artificial intelligence. As part of Nvidia’s fourth-quarter earnings that were released Wednesday, the company said … Read more

Nvidia (NVDA) earnings report Q4 2024

NVIDIA’s CEO Jensen Huang attends a media roundtable meeting in Singapore December 6, 2023. Edgar Su | Reuters Nvidia is scheduled to announce fiscal fourth-quarter earnings after the bell Wednesday in a highly anticipated report that will give Wall Street a sense of how long the AI boom can last. Nvidia has been the primary … Read more