Wharton professor and economist Jeremy Siegel has expressed optimism about the potential for a Big Tech boom driven by artificial intelligence (AI) despite concerns of a bubble. The AI chip craze, which is driven by demand for AI-powered chatbots and high-powered graphics processing units used to train such chatbots on supercomputers, has seen investors piling
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The popularity of Korean shows and films such as “Squid Game,” “Minari,” and “Everything Everywhere All At Once” has led to an increase in the demand for Asian language content globally. Streaming services like Netflix, Warner Bros. Discovery’s Max, and Rakuten Viki offer US viewers easier access to global content than ever before, and this
The Nasdaq Composite has recorded its fifth-straight weekly gain, rising by 2.5% in the past five days. The index is now up 24% this year, outpacing the other major US indexes. The S&P 500 is up 9.5% for the year, while the Dow Jones Industrial Average is down slightly. Tech investors are buying shares of
Microsoft has decided to end the production of its ergonomic keyboards, much to the dismay of its fans. The company entered the keyboard business in 1994, and since then, has attracted a dedicated following to its ergonomic offerings. The decision to discontinue these products is part of a larger effort to prioritize growing categories. This
Sundar Pichai, CEO of Alphabet, the parent company of Google, has committed to an “AI Pact” during a meeting with Thierry Breton, the European Commissioner for Internal Market. Pichai confirmed that Google would work with other companies to ensure that AI products and services are developed responsibly. The “AI Pact” is voluntary and is intended
Go Inc., Japan’s biggest ride-hailing app, has announced that it has secured a $72.1 million investment from Goldman Sachs. This funding round values the start-up at $1 billion and will allow the company to improve its app and develop next-generation businesses stemming from the mobility industry. According to Hiroshi Nakajima, President of Go Inc., “We
Meta’s cost-cutting plan has entered its third round of layoffs, with the latest round affecting employees in the company’s business groups. This follows a previous round of layoffs in April that affected technical roles. Between the two rounds, about 10,000 workers will lose their jobs, in addition to the 11,000 employees who were laid off
Bill Gates, the co-founder of Microsoft, believes that the future top company in artificial intelligence (AI) will be the one that creates a personal digital agent. This digital agent will be able to perform specific tasks for people and could potentially alter user behaviors. Gates made these comments during a Goldman Sachs and SV Angel
Paramount Global has announced that its flagship streaming service, Paramount+, will merge with its Showtime app in the US on June 27th. This move will lead to an increase in pricing, as previously announced by Paramount earlier this year. The premium tier of the merged streamer, which will include Showtime content, will increase from $9.99
TikTok, the popular video service, has filed a federal lawsuit against Montana over a recently passed state law that would ban the app in the state. The lawsuit was filed in the United States District Court for the District of Montana and aims to prevent the state from unlawfully banning TikTok. Lawyers for the app’s