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Shopify shares soar 22% after earnings top expectations, company gives upbeat forecast
The Shopify logo is pictured outside the The Well building on Spadina Ave. in Toronto. Lance Mcmillan | Toronto Star | Getty Images Shares of Shopify popped as much as 22% in early trading Wednesday after the Canadian e-commerce company topped expectations for the second quarter, citing strong demand despite “a mixed consumer spend environment.” […]
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Google’s antitrust ruling has experts looking to 25-year-old Microsoft case for answers
Google CEO Sundar Pichai testifies before the House Judiciary Committee at the Rayburn House Office Building on December 11, 2018 in Washington, DC. Alex Wong | Getty Images In ruling Monday that Google has held a monopoly in internet search, U.S. judge Amit Mehta invoked the company at the center of the most famous tech antitrust […]
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The world’s top 150 insurtech companies: 2024
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Reddit reports better-than-expected results for second quarter as digital ad market improves
Reddit CEO Steve Huffman hugs mascot Snoo as Reddit begins trading on the New York Stock Exchange on March 21, 2024. Timothy A. Clary | AFP | Getty Images Reddit reported second-quarter results on Tuesday that topped analysts’ estimates. Here are the key numbers: Loss per share: 6 cents vs. the loss of 33 cents […]
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SoftBank shares tank near 19%, wiping off $4.6 billion from founder Masayoshi Son’s fortune
Masayoshi Son, CEO of SoftBank, speaks during the company’s annual general meeting in Tokyo on June 20, 2024. Kosuke Okahara | Bloomberg | Getty Images SoftBank Group shares tanked nearly 19% on Monday amid a global sell-off, wiping off billions of dollars from founder Masayoshi Son’s fortune. Shares of the Japanese giant, known as one […]
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Ex-Google engineers who founded Character.AI rejoin company with new AI partnership
Pavlo Gonchar | Lightrocket | Getty Images Founders of one of the hottest artificial intelligence startups Character.AI are rejoining Google along with other team members. Noam Shazeer and Daniel De Freitas, in addition to certain members of Character.AI’s research team, are joining Google’s AI unit DeepMind, the companies said Friday. Character.AI uses large language models […]
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Google pulls AI ad for Olympics following backlash
Google pulled an ad it showed during the Olympics which touted its AI chatbot Gemini writing a fan letter to an athlete. Google has pulled an Olympics ad for its chatbot Gemini from airwaves following backlash for the way it depicts a little girl using artificial intelligence to write a fan letter. The ad, titled […]
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Amazon shares tumble 12% after third-quarter outlook disappoints
Andy Jassy, chief executive officer of Amazon.Com Inc., during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021. David Ryder | Bloomberg | Getty Images Amazon shares plunged as much as 12% on Friday, a day after the company reported mixed second-quarter results and gave a forecast for the third quarter that […]
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Intel’s 22% share plunge drags down global chip stocks from TSMC to Samsung
Pat Gelsinger, chief executive officer of Intel Corp., speaks during the Computex conference in Taipei, Taiwan, on Monday, June 4, 2024. Gelsinger took the stage at the Computex show in Taiwan to talk about new products he expects will help turn back the tide of share losses to peers, including AI leader Nvidia Corp. Photographer: Annabelle Chih/Bloomberg […]
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Why not all semiconductor firms are benefitting from the AI boom like Nvidia has
Jensen Huang, co-founder and chief executive officer of Nvidia Corp., displays the new Blackwell GPU chip during the Nvidia GPU Technology Conference on March 18, 2024. David Paul Morris/Bloomberg via Getty Images Not all chip firms are benefitting from the boom in artificial intelligence, earnings show, underscoring the complexities of the semiconductor supply chain and […]
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