A Xpeng P7 electric car is on display during the 18th Guangzhou International Automobile Exhibition at China Import and Export Fair Complex on November 20, 2020 in Guangzhou, Guangdong Province of China. VCG | Visual China Group | Getty Images Shares of Xpeng were down over 6% in pre-market U.S. trade, as the Chinese electric …
Share prices of Sea Ltd., one of Southeast Asia’s leading tech companies, experienced a sharp decline after falling short of revenue expectations and announcing a shift towards prioritizing growth over profits. This strategic pivot is seen by analysts as a move to defend the company’s market share in the face of increased competition. Sea reported …
Since the CNBC Investing Club’s July Monthly Meeting, the stock market has experienced significant volatility due to various factors, including quarterly earnings reports and inflation data. As a result, Wall Street has faced challenges in recent weeks. In this article, we will highlight the top performers from the Club’s portfolio during this period. 1. Eli …
Llion Jones, an influential figure in the field of generative artificial intelligence (AI), has made the decision to leave Google after almost 12 years of service. Alongside his departure, he has teamed up with former Google researcher David Ha to establish Sakana AI, a research lab based in Tokyo that aims to explore new possibilities …
David Ferrucci, CEO and founder of Elemental Cognition, delivered a speech at a conference in New York on November 8, 2017. Alex Flynn | Bloomberg | Getty Images David Ferrucci, an esteemed pioneer in artificial intelligence and the leader of the renowned IBM Watson team, has successfully raised nearly $60 million in funding for his …
New York City has implemented a ban on TikTok for government-owned devices, citing security concerns. This move aligns with previous bans on the app at the federal level and in certain states. The main concern revolves around TikTok’s ownership by China-based company ByteDance, with policymakers worried about potential access to U.S. user data by the …
The Weather System Follow-on-Microwave (WSF-M) satellite manufactured by Ball Aerospace has been announced to be sold to U.K. defense contractor BAE Systems for $5.6 billion in cash, according to a joint statement released by the companies on Thursday. The transaction is set to be finalized in the first half of next year, pending regulatory approval. …
If the AI models in the tech industry were given superlatives, they would be as follows: Microsoft-backed OpenAI’s GPT-4 would be the best at math, Meta’s Llama 2 would be the most average, Anthropic’s Claude 2 would be the best at recognizing its limitations, and Cohere AI would be known for its hallucinations and confident …
The Adyen logo displayed on a smartphone. Rafael Henrique | SOPA Images | LightRocket via Getty Images Shares of Adyen, the European payments giant competing with U.S. titan Stripe, experienced a significant drop of almost 28% on Thursday following disappointing sales and a decline in profit during the first half of the year. Let’s take …
High-rise buildings are seen near Victoria Harbour in Hong Kong, China, July 24, 2023. (Photo by Costfoto/NurPhoto via Getty Images) Costfoto | Nurphoto | Getty Images Asia is taking the lead in promoting regulatory clarity in the cryptocurrency industry, surpassing the United States and making the region more appealing to investors. Industry experts suggest that …