The S&P 500 and the tech-heavy Nasdaq both reached new record highs, with Nvidia closing above $2 trillion for the first time US stock markets closed at record highs on Friday, driven by investors’ ongoing enthusiasm for artificial intelligence (AI). Both the S&P 500 and the tech-heavy Nasdaq achieved new records, with the Nasdaq surpassing … Read more
Amazon’s Jeff Bezos, along with Nvidia, Microsoft, and OpenAI, has reportedly invested in Figure, a startup developing human-like AI robots. According to Bloomberg, Figure is in the process of raising around $675 million in funding, valuing the company at about $2 billion pre-investment. What is the investment amount from each party? As per the report, … Read more
The company will sell its existing shares in a ‘tender offer’ led by venture firm Thrive Capital, similar to a deal from early last year According to the New York Times, Microsoft-backed OpenAI has finalized a deal valuing the artificial intelligence company at $80 billion or higher. The deal involves selling existing shares in a … Read more
Internal memo cites identification of cutbacks in investments amid layoffs. Amazon plans to lay off several hundred employees in its streaming and studio operations, as revealed in an internal note sent on Wednesday. This announcement coincided with Twitch, an Amazon subsidiary, disclosing its own plan to lay off approximately 35% of its workforce, totaling 500 … Read more
Action taken as global regulators urge Meta to safeguard children from explicit posts on its platforms. On Tuesday, Meta announced its decision to conceal more sensitive content from teenagers on Instagram and Facebook in response to international regulatory demands for the social media company to shield children from harmful material on its platforms. This action … Read more
Scientists claim a home-ready innovation revolutionizes health monitoring. Researchers at Glasgow University have engineered a laser camera that detects a person’s heartbeat remotely, identifying potential cardiovascular issues using AI and quantum advancements. This breakthrough, according to Professor Daniele Faccio from the university’s Advanced Research Centre, holds the potential to revolutionize health monitoring. He envisions deploying … Read more
