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

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

EV euphoria is dead. Automakers trumpet consumer choice in U.S.

EV euphoria is dead. Automakers trumpet consumer choice in U.S.

Andrew Merry | Moment | Getty Images DETROIT — The buzz around electric vehicles is wearing off. For years, the automotive industry has been in a state of EV euphoria. Automakers trotted out optimistic sales forecasts for electric models and announced ambitious targets for EV growth. Wall Street boosted valuations for legacy automakers and startup … Read more

Tech exec says web heading for plateau, compares it to space in 1960s

Tech exec says web heading for plateau, compares it to space in 1960s

Astronaut Edwin E. Aldrin, Jr., the lunar module pilot of the first lunar landing mission, stands next to a United States flag July 20, 1969 during an Apollo 11 Extravehicular Activity (EVA) on the surface of the Moon. NASA | Newsmakers | Hulton Archive | Getty Images If we were to fall asleep today and … Read more

Raimondo says it’s ‘possible’ for Chinese EVs to one day be on U.S. roads

Raimondo says it’s ‘possible’ for Chinese EVs to one day be on U.S. roads

Philippine Department of Trade and Industry Secretary Alfredo Pascual (R) and US Commerce Secretary Gina Raimondo attend a press conference in the Philippines on March 11, 2024. Jam Sta Rosa | Afp | Getty Images Chinese electric cars can one day drive on U.S. roads if there are enough government controls on software and sensors, … Read more

Larry Ellison makes $15 billion from Oracle best day since 2021

Larry Ellison makes  billion from Oracle best day since 2021

Larry Ellison, Oracle’s chairman and technology chief, speaks at the Oracle OpenWorld conference in San Francisco on September 16, 2019. Justin Sullivan | Getty Images Oracle founder Larry Ellison notched a $15 billion gain on Tuesday after shares of his software company had their best day in over two years and closed at a record. … Read more

Cramer urges patience on Apple, and two analysts also make the case

Cramer urges patience on Apple, and two analysts also make the case

It’s no secret that Apple has had a rocky start to 2024. A slew of cautious analyst commentary, regulatory hurdles, and soft iPhone sales in China have knocked down the stock and investor sentiment with it. However, two new research reports show why investors should stick out the pain — and “own, not trade” the … Read more

IBM is cutting jobs in marketing and communications

IBM is cutting jobs in marketing and communications

POLAND – 2023/09/11: In this photo illustration, IBM logo seen displayed on a smartphone with Artifical Intelligence (AI) symbols in the background.  Omar Marques | Lightrocket | Getty Images IBM on Tuesday told employees in its marketing and communications division that it’s slashing the size of its staff, according to a person with knowledge of … Read more

Apple will allow iPhone app downloads from websites in Europe

Apple will allow iPhone app downloads from websites in Europe

Tim Cook, chief executive officer of Apple Inc., speaks during the Apple Worldwide Developers Conference (WWDC) in San Jose, California, U.S., on Monday, June 4, 2018.  David Paul Morris | Bloomberg | Getty Images IPhone users in the European Union will be able to download apps from websites, instead of through the App Store or … Read more

Oracle stock surges 12% and heads for record close

Oracle stock surges 12% and heads for record close

Safra Catz, CEO of Oracle Corporation, rings the opening bell at the New York Stock Exchange, July 12, 2023. Brendan Mcdermid | Reuters Oracle stock spiked more than 12% during intraday trading on Tuesday and is on pace for a record close, a day after the company reported fiscal third-quarter earnings that beat analysts’ expectations. … Read more

Google restricts election-related queries for its Gemini chatbot

Google restricts election-related queries for its Gemini chatbot

Sundar Pichai, CEO of Google and Alphabet, speaks on artificial intelligence during a Bruegel think tank conference in Brussels, Belgium, on Jan. 20, 2020. Yves Herman | Reuters Google announced it will restrict the types of election-related queries that users can ask its Gemini chatbot, adding it has already rolled out the changes in India, … Read more