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
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
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, 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
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
Apple’s new Vision Pro virtual reality headset is displayed during Apple’s Worldwide Developers Conference (WWDC) at the Apple Park campus in Cupertino, California, on June 5, 2023. Josh Edelson | Afp | Getty Images For years, Apple avoided using the acronym AI when talking about its products. Not anymore. The boom in generative artificial intelligence, … Read more
Rafael Henrique | Lightrocket | Getty Images Earlier this year, financial services company Klarna said its artificial intelligence agent, powered by OpenAI, had taken over two-thirds of customer chats and was doing work equivalent to that of 700 full-time agents. That was after just one month of use. Alexander Kvamme, CEO of customer engagement startup … Read more
OpenAI CEO Sam Altman (L) speaks with Microsoft Chief Technology Officer and Executive VP of Artificial Intelligence Kevin Scott during the Microsoft Build conference at Microsoft headquarters in Redmond, Washington, on May 21, 2024. Jason Redmond | AFP | Getty Images The Federal Trade Commission and the Justice Department are set to open antitrust investigations … Read more
Lina Khan, chair of the Federal Trade Commission, speaks during the 2024 CNBC CEO Council Summit in Washington, D.C. on June 4, 2024. Shannon Finney | CNBC The Federal Trade Commission is preparing an antitrust lawsuit against the largest U.S. alcohol distributor, Southern Glazer’s Wine and Spirits, two sources familiar with the matter told CNBC. … Read more
OpenAI CEO Sam Altman speaks during the Microsoft Build conference at Microsoft headquarters in Redmond, Washington, on May 21, 2024. Jason Redmond | AFP | Getty Images A group of current and former OpenAI employees published an open letter Tuesday describing concerns about the artificial intelligence industry’s rapid advancement despite a lack of oversight and … Read more
