Apple Intelligence AI not coming to Europe this year

Tim Cook, chief executive officer of Apple Inc., during the Apple Worldwide Developers Conference at Apple Park campus in Cupertino, California, US, on Monday, June 10, 2024.  David Paul Morris | Bloomberg | Getty Images Apple said Friday it won’t release several upcoming features unveiled this month, including its flagship “Apple Intelligence” AI product, in … Read more

Anthropic Claude 3.5 Sonnet AI announced

Jakub Porzycki | Nurphoto | Getty Images OpenAI competitor Anthropic on Thursday announced Claude 3.5 Sonnet, its most powerful artificial intelligence model yet. Claude is one of the chatbots that, like OpenAI’s ChatGPT and Google‘s Gemini, has exploded in popularity in the past year. Anthropic, which was founded by ex-OpenAI research executives, has backers including Google, Salesforce and Amazon. … Read more

Europe’s top-funded genAI startups founded by ex-Big Tech staff: Accel

French founder of artificial intelligence startup Mistral AI, Arthur Mensch, attends the Viva Technology show at Parc des Expositions Porte de Versailles in Paris, France, on May 22, 2024. Chesnot | Getty Images Entertainment | Getty Images Most of the top-funded generative artificial intelligence companies in Europe were founded by entrepreneurs with experience at U.S. … Read more

Solar is growing faster than any energy source as clean power for data centers

Aerial view of the Oberon Solar O&M farm on March 24, 2024 in Ector County, Texas. In 2023, Texas led the nation in solar installations on its power grid, surpassing California for its second consecutive year.  Brandon Bell | Getty Images Solar is booming in the United States as power demand surges, outpacing the growth … Read more

Nvidia passes Microsoft in market cap, is most valuable public company

Nvidia CEO Jensen Huang attends an event at COMPUTEX forum in Taipei, Taiwan June 4, 2024.  Ann Wang | Reuters Nvidia, long known in the niche gaming community for its graphics chips, is now the most valuable public company in the world. Shares of the chipmaker climbed 3.2% in mid-day trading on Tuesday, lifting the … Read more

How Apple, Microsoft, Alphabet, Meta, Amazon can make money on consumer AI

Apple revealed its highly anticipated artificial intelligence strategy this past week — causing investors to rejoice and push shares to all-time highs. It’s a far cry from the stock’s rough start to 2024. Marketed as “AI for the rest of us” — Apple is squarely positioning its upcoming generative AI features for the 2.2 billion … Read more

Avoid concentration risk with this value play, ETF expert suggests

Investors worried about concentration risk in the market may want to consider value-oriented investments. Avantis Investors chief investment strategist Phil McInnis suggests taking a more diversified approach than simply looking at index funds such as the S&P 500. He thinks his firm’s exchange-traded fund strategy can provide better returns in the long run, emphasizing companies … Read more

Blistering AI demand drives a beat and raise

Broadcom shares surged more than 14% in extended trading Wednesday after the chip and software maker delivered better-than-expected quarterly results, driven by strong artificial intelligence and VMware demand. Broadcom also raised its full-year outlook and announced a 10-for-1 stock split. Revenue in the Club name’s fiscal 2024 second quarter ended May 5 increased 43% year … Read more

Larry Ellison is $18 billion richer as Oracle rallies most since 2021

Larry Ellison, chairman and co-founder of Oracle Corp., speaks during the Oracle OpenWorld 2017 conference in San Francisco on Oct. 1, 2017. David Paul Morris | Bloomberg | Getty Images Oracle Chairman Larry Ellison is $18 billion richer after the software maker he founded in 1977 forecast double-digit revenue growth for the fiscal year, putting … Read more

Why the Trump campaign never fundraised off the Hunter Biden trial

Republican presidential candidate and former U.S. President Donald Trump reacts during a campaign event, in Las Vegas, Nevada, U.S. June 9, 2024.  Brendan McDermid | Reuters Former President Donald Trump has spent years attacking Hunter Biden, President Joe Biden’s only surviving son, and raising campaign cash on his unfounded claims that the Biden family is … Read more