Technology
Apple's stock underperformed leading tech peers in 2023 due to longest profits slide in 22 several years
Apple CEO Tim Cook stands subsequent to a new Apple Vision Professional headset displayed throughout the Apple Globally Builders Convention in Cupertino, California, June 5, 2023. Justin Sullivan | Getty Visuals Apple’s inventory rallied in 2023, but its functionality was outshined by all of its mega-cap tech peers, as the organization endured 4 straight quarters […]
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Nvidia to start slower model of its gaming chip in China to comply with U.S. export controls
Nvidia Corp CEO Jensen Huang holds one of the company’s new RTX 4090 chips for pc gaming in this undated handout image furnished September 20, 2022. Nvidia Corp | by means of Reuters U.S. chipmaking large Nvidia is established to start an adjusted version of a gaming processor with slower functionality in China to comply […]
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Startup bubble fueled by Fed's cheap money policy finally burst in 2023
Scooters take over SXSW in Austin, TX As the last decade came to an end, it was easy for a young engineer to hop on a Bird scooter and ride it to a nearby WeWork office, home to the hottest new crypto startup. Then came Covid. Electric scooters and coworking spaces were no longer important, […]
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Affirm's stock quintupled this year, beating all tech peers, on buy now, pay later boom
Drew Angerer / Getty Images A year ago, there was little holiday cheer at Affirm. The point-of-sale lender was confronting rising interest rates, recession fears and weakening consumer spending. Affirm shares ended 2022 down 90%, wiping out billions of dollars in market value. Affirm investors are wrapping up 2023 in a much different mood. The […]
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Ether rallies 6% in catchup trade as traders posture for January
A representation of cryptocurrency Ethereum is put on a Laptop motherboard in this illustration taken June 16, 2023. Dado Ruvic | Reuters The selling price of ether jumped on Wednesday as traders moved into the cryptocurrency forward of key upside catalysts envisioned in January. Ether was past bigger by 6%, according to Coin Metrics. Solana’s […]
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Generative AI's breakout year produced hefty profits for Nvidia and lofty experiments for others
Sam Altman, CEO of OpenAI, at the Hope Global Forums annual meeting in Atlanta on Dec. 11, 2023. Dustin Chambers | Bloomberg | Getty Images OpenAI CEO Sam Altman has admitted that he was surprised by the popularity of ChatGPT, which was released as a research project a little more than a year ago. His […]
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Bitcoin's 2023 rally drove some of the stock market's biggest gains this year
Monitors display Coinbase signage during the company’s initial public offering at the Nasdaq MarketSite in New York on April 14, 2021. Michael Nagle | Bloomberg | Getty Images For crypto bulls, the most lucrative bets in 2023 were in the stock market. While bitcoin rallied over 150% for the year, shares of Coinbase, MicroStrategy and […]
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Following a 2-year slump, world wide Computer system industry to rebound as shoppers up grade units, seek AI integration
Apple Inc. MacBook Professional and Air laptops at the new Apple Inc. store inside the Starfield shopping mall through its opening in Hanam, South Korea, on Saturday, Dec. 9, 2023. SeongJoon Cho | Bloomberg | Getty Images The slump in personalized computer system sales is likely to finish following 12 months as consumers appear set […]
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MicroStrategy's bitcoin bet produces over 300% gain for investors in 2023
Michael Saylor, executive chairman at MicroStrategy. Valerie Plesch | Bloomberg | Getty Images MicroStrategy was founded almost 35 years ago and existed for most of its history as a little-known software company focused on business intelligence. But in 2023, the stock has soared 337%, making it one of the biggest gainers in the U.S. among […]
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The very first minds to be managed by generative AI will live within movie game titles
A gamer makes use of a computer powered with an Nvidia Corp. chip at the Gamescon movie online games trade truthful in Cologne, Germany, on Wednesday, Aug. 23, 2023. Gamescon operates until Sunday, Aug. 27. Photographer: Alex Kraus/Bloomberg by means of Getty Pictures Bloomberg | Bloomberg | Getty Photos It is really not just human […]
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