Technology
Tesla, Nvidia lead tech-heavy Nasdaq to one of best days of 2024 after Fed rate cut
Nvidia CEO Jensen Huang presents the Nvidia Blackwell platform at an event ahead of the COMPUTEX Forum, in Taipei, Taiwan, on June 2, 2024. Ann Wang | Reuters Investors poured into tech stocks at one of the fastest clips of the year a day after the Federal Reserve cut its benchmark interest rate for the […]
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Amazon introduces Amelia, an AI assistant for third-party sellers
Amazon parcels are prepared for delivery at Amazon’s Robotic Fulfillment Centre. Nathan Stirk | Getty Images Amazon is rolling out an artificial intelligence tool designed to help third-party sellers quickly resolve issues with their accounts and fetch sales and inventory data. The company said Thursday that it’s launching the product, called Amelia, in beta for […]
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Bitcoin and crypto stocks rise after the Fed cuts rates by half a percentage point
Roslan Rahman | AFP | Getty Images Cryptocurrencies rose as part of a broad market rally Thursday, one day after the Federal Reserve delivered a half percentage point reduction in interest rates, the first in more than four years. The price of bitcoin was recently higher by 3.5% at $62,417.48, according to Coin Metrics, building […]
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China would love a domestic Nvidia rival — but that’s proving quite the challenge
The flags of China and the USA are being displayed on a smartphone, with an NVIDIA chip visible in the background. Raa | Nurphoto | Getty Images Chinese companies are ramping up efforts to produce a viable alternative to Nvidia’s chips that power artificial intelligence as Beijing continues its efforts to wean itself off American […]
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Elon Musk’s X ‘declined to send an appropriate witness’ to Senate hearing on election threats
As the riots raged in the U.K., Elon Musk began making incendiary comments about the situation, including the statement: “Civil war is inevitable.” Musk is the owner of X, the social media platform formerly known as X. Aytug Can Sencar | Anadolu | Getty Images While top executives from Alphabet, Meta and Microsoft are headed […]
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YouTube announces AI features from Google DeepMind for Shorts creators
Veo in Dream Screen YouTube YouTube on Wednesday announced artificial-intelligence features for creators on its Shorts platform that tap into Google‘s DeepMind video-generation model. The features, known as Veo, will allow creators to add AI-generated backgrounds to their videos as well as use written prompts to generate standalone, six-second video clips. YouTube CEO Neal Mohan […]
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Amazon increases average pay for warehouse workers and adds free Prime membership perk
An Amazon warehouse Getty Images Amazon announced Wednesday it’s raising wages for its hourly warehouse workers, and adding a new employee perk that will give them a Prime subscription at no extra cost. Starting this month, Amazon’s average starting pay for front-line employees in the U.S. will be bumped to an average of more than […]
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The iPhone 16 Pro Max has better battery life and great cameras, but Apple Intelligence hasn’t arrived
iPhone 16 Pro Apple Inc. Apple’s iPhone 16 family of phones will hit shelves on Friday. Ahead of their launch, I’ve spent the past five days been testing the high-end iPhone 16 Pro Max. It’s a great phone with cool updates like a dedicated camera button, and it charges faster over MagSafe than earlier Pro […]
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Court backs Google’s challenge to the EU’s $1.7 billion antitrust fine over ad product
A Google logo displays on a smartphone screen and the European flag on a computer screen. Nikolas Kokovlis | Nurphoto | Getty Images The European Union’s second-highest court on Wednesday said a 1.5 billion euro ($1.7 billion) fine imposed on Google by regulators should be annulled, siding with the U.S. tech giant in its challenge […]
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Microsoft, BlackRock form group to raise $100 billion to invest in AI data centers and power
Microsoft CEO Satya Nadella speaks during the company’s Build developer conference in Seattle on May 21, 2024. Jason Redmond | AFP | Getty Images Microsoft and BlackRock are part of a group of companies collaborating to pull together up to $100 billion to develop data centers for artificial intelligence and the energy infrastructure to power […]
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