A technology stock “meltup” put the Nasdaq-100 index on the verge of exiting bear-market territory Thursday. indexNDX, +3.38%, Heavily weighted toward megacap names, it was up 2.9% at 12,727 Thursday afternoon, and traded as high as 12,880.98. A close at or above 12,815.21 would mark a rise of 20% from its Oct. 17 low close …
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Facebook parent Meta Platforms Inc. META 22.51% Shares are on pace for their best day in nearly a decade after the company embraced investor-friendly moves including boosting its stock through a $40 billion buyback and cutting expenses in the face of increased competition. Shares of the social-media company jumped 23% to $188.02 in afternoon trading …
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CNN — Without cracking a single textbook, without spending a day in medical school, the co-author of a preprint study correctly answered enough practice questions that it would have passed the real US Medical Licensing Examination. But the test-taker wasn’t a member of Mensa or a medical savant; it was the artificial intelligence ChatGPT. The …
New York CNN — An unopened first-generation iPhone from 2007 is hitting the auction block Thursday – with an estimated value of $50,000. Originally on sale for $599, the first iPhone offered early Apple adopters a 3.5-inch screen with a 2-megapixel camera, plus 4 GB and 8 GB storage options, internet capabilities and iTunes. It …
A first generation iPhone going up for auction hopes to fetch $50,000 Read More »
Senator Michael Bennet (D-CO) speaks on a mobile phone after a vote the day after the shooting at Robb Elementary School in Uvalde, Texas, on Capitol Hill in Washington, May 25, 2022. Joshua Roberts | Reuters Sen. Michael Bennet, D-Colo., urged the CEOs of apple and Google to remove TikTok from their mobile app stores …
Apple, Google urged to boot TikTok from app stores: Democratic senator Read More »
The Bitcoin logo on a Coinstar cryptocurrency ATM at a grocery store in Washington, Jan. 19. Photo: stefani reynolds/Agence France-Presse/Getty Images In the US in recent years, privately owned companies have issued thousands of new cryptocurrencies, large and small. These have subsequently become publicly traded without any governmental pre-approval of disclosures. In some cases, a …
The Biden Administration has said the US is in competition with China and restricted the ability of American businesses to sell high-end chip tech to China. Bloomberg | Bloomberg | GettyImages BEIJING — a ban on US investment in Chinese tech could drive up market volatility — but some sectors may escape untouched, Bank of …
Potential US ban investment on Chinese tech could hurt these sectors Read More »
A visitor checks out Tencent artificial intelligence products at the China Science and Technology Museum in Beijing in January. The tech company’s digital ecosystem is expected to help create 31.8 million new jobs and 147 new job categories over the next five years. [HUANG YONG/FOR CHINA DAILY] China’s tech and internet companies are expected to …
Comcast Corp. has sold part of its stake in Buzzfeed Inc., which has seen its shares surge in recent days amid enthusiasm for the publisher’s artificial intelligence efforts. comcast CMCSA, +1.58% disclosed Wednesday in a filing with the Securities and Exchange Commission that it sold 5,726,385 shares of Buzzfeed BZFD, -5.22% in the open market …
Comcast sells nearly 6 million shares of its Buzzfeed stake amid sharp rally Read More »
Credit Agricole CIB has declared two quantum computing experiments – one investigating the valuation of financial products, the other the assessment of credit risks – a success. The bank teamed up with French quantum computer manufacturer Pasqal and Spanish quantum algorithm specialist Multiverse Computing 18 months ago on the experiments. The first assessed the performance …
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