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Global semiconductor stocks experienced volatile trading on Tuesday following a significant decline in Nvidia shares in the previous session. The fluctuations reflect investor reactions to Nvidia’s sharp drop in market capitalisation, impacting chip firms across Europe and Asia. Nvidia’s market value tumbles, then rebounds Shares of Nvidia fell sharply over three consecutive sessions, losing 13% from Thursday’s all-time highs. By the end of Monday, Nvidia’s market value had dropped by more than $540 billion. Shares began to rebound on Tuesday, rising around 5.5% by mid-morning. The rebound hel...
Invezz
Das Social-Media-Unternehmen Meta Platforms (NASDAQ: META) ist wohl eine der Aktien der „Glorreichen Sieben“, die am stärksten umstritten sind, und hatte bislang auch eines der differenzierteren Jahre. Bündeln Meta und Apple ihre Kräfte?Meta und Apple wurden im Jahr 2024 dafür kritisiert, dass sie im KI-Rennen hinter einigen der anderen Magnificent-7-Aktien zurückbleiben. Das könnte sich bereits jetzt ändern. Gestern schrieb das Wall Street Journal, dass Meta Platforms angeblich in Gesprächen mit Apple Inc. sei, um Metas generatives KI-Modell in Apple Intelligence zu integrieren. Obwohl weder ...
Invezz - DE
Social media company Meta Platforms (NASDAQ: META) is arguably one of the more divisive stocks of the Magnificent 7 bunch, and it’s had one of the more nuanced years so far as well. Meta and Apple to join forces?Meta, along with Apple, has had some criticism in 2024 that they are lagging behind some of the other Magnificent 7 stocks in the AI race. That may be changing even now. Yesterday, the Wall Street Journal wrote that Meta Platforms are reportedly in discussions with Apple Inc to integrate Meta’s generative AI model into Apple Intelligence. Although neither Meta nor Apple have officially...
Invezz
Apple’s foray into artificial intelligence (AI) is taking shape as it seeks to enhance its AI capabilities through strategic partnerships. During the recent announcement of Apple Intelligence, the tech giant revealed its collaboration with OpenAI to integrate ChatGPT into the new version of Siri. Now, according to the Wall Street Journal, Apple is in discussions with Meta, Facebook’s parent company, to forge a similar partnership. Apple’s practical AI integrationApple’s approach to AI appears to be pragmatic, focusing on adding AI-powered features to its existing products rather than attemptin...
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Social Media platform Instagram continues to recommend adult-oriented content to underage users, a report by the Wall Street Journal has found. The report has exposed cracks in Meta Platforms’ earlier claims to provide a secure and age-appropriate digital environment for teenagers. The publication had tied up with an academic researcher to undertake a seven-month-long test to investigate the issue. The process involved creating new accounts for 13-year-old users. In its investigation, WSJ found that within twenty minutes of teenagers consuming content on Reels, their feeds were inundated with ...
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Apple has encountered significant issues under the European Union’s sweeping Digital Markets Act (DMA), according to EU Competition Commissioner Margrethe Vestager. This legislation, aimed at regulating Big Tech companies, has put Apple under scrutiny for potentially non-compliant practices. Investigation launched into Apple, Alphabet, and MetaIn March, the European Commission began probing Apple, Alphabet, and Meta under the DMA. The investigation focused on several concerns, particularly whether Apple was obstructing businesses from informing users about cheaper alternatives for products or ...
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Oracle’s founder and largest shareholder, Larry Ellison, saw his net worth jump by $14 billion to $152 billion overnight following the company’s positive year-end financial results. Oracle’s shares surged by 13% on June 11, propelling Ellison up two spots on the Bloomberg Billionaires Index, surpassing former Microsoft CEO Steve Ballmer and Google co-founder Sergey Brin. Ellison’s financial leap driven by Oracle’s performanceEllison, who owns more than 40% of Oracle, experienced a significant boost in his fortune due to the company’s robust performance and promising outlook. In 2024 alone, Ell...
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Turkey’s competition board has levied a hefty fine of 1.2 billion lira ($37.20 million) against Meta Platforms on Wednesday, following the conclusion of two separate investigations into the tech giant’s data-sharing activities involving its social media platforms including Facebook, Instagram, WhatsApp, and Threads. Investigations into Threads and Instagram integrationThe investigations, which began in December, focused on potential violations of competition law stemming from the integration of Threads and Instagram. In response to these concerns, the competition board in March implemented int...
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