For most of 2023, the stocks of our six mega-caps moved in lockstep and in one direction — up. But over the past month, the group has disintegrated and headed in different directions, with some continuing their uptrend while others plateaued or lost ground. This gives us the opportunity to evaluate our next steps in … Read more
July 29, 2023, Australia, Sydney: The logo of “Wework”, a company that offers office and coworking spaces for the self-employed and companies, lights up in front of skyscrapers in the city center. Sebastian Christoph Gollnow Picture Alliance | Getty Images Four years ago We work prepared for a blockbuster IPO. The company is now warning … Read more
SoftBank reported a surprise loss for the first quarter from April through June, despite an investment gain from its massive, technology-focused Vision Fund. Here’s how the company did it: SoftBank Group reported a net loss attributable to owners of the parent company of 477.6 billion yen ($3.3 billion). That was well below a Refinitv analyst’s … Read more
In this image dated February 21, 2023, a keyboard is placed in front of a displayed Snapchat logo. REUTERS/Dado Ruvic/Illustration/File Photo LONDON, Aug 8 (Reuters) – Britain’s data regulator is collecting information on Snapchat to determine whether the US instant messaging app is doing enough to remove underage users from its platform, two people familiar … Read more
CNN — The huge demand for AI has also revealed the limitations of the global supply chain for high-performance chips used to develop and deploy AI models. The ongoing chip shortage has impacted companies large and small, including some of the AI industry’s leading platforms, and is unlikely to improve significantly for at least a … Read more
The social network Twitter, recently renamed X, has requisitioned The @music username comes from open-source software developer Jeremy Vaught, who told CNBC he created the account in 2007 and has grown a community of around half a million followers there. While Elon Musk-led X Vaught had no choice but to give up the coveted username … Read more
Government agencies are harnessing the power of data analytics, automation and artificial intelligence (AI) to improve decision-making processes and better represent the country’s interests on a global scale. By leveraging new technologies, the US Department of State has adopted a data-driven approach to achieve greater efficiency and effectiveness in its operations. Said in a recent … Read more
Amazon founder Jeff Bezos famously shunned Wall Street’s profit obsession, claiming the customer is always more important. While his successor, Andy Jassy, also talks a lot about customer support, investors have forced him to take a serious look at profitability. And his efforts are paying off. Amazon pleased investors Thursday with earnings of 65 cents … Read more
Bentley Systems is building a digital twin of New Bullards Bar Dam to improve water supply for Yuba Water Agency … [+] monitoring options. Yuba County Water Authority New Bullards Bar Dam, managed by the Yuba Water Agency in Marysville, California, is a 645-foot concrete arch dam on the North Yuba River on the edge … Read more
The Federal Aviation Administration (FAA) plays a central role in ensuring the safety of US airspace. As the aviation industry increasingly relies on digital systems and connectivity, the need to protect against cyber threats becomes more important. Not surprisingly, cybersecurity is a crucial aspect in ensuring the safety of modern aviation. New technologies such as … Read more