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Apple (NASDAQ:AAPL) was in the spotlight this week at its annual Worldwide Developers Conference (WWDC), unveiling a new artificial intelligence (AI) strategy through its partnership with OpenAI. During a nearly two hour presentation, Apple CEO Tim Cook and other senior executives introduced Apple Intelligence, a suite of AI-powered features that will be embedded across Apple’s devices. Central to this initiative is the integration of OpenAI’s ChatGPT, which will enhance Apple's virtual assistant Siri, allowing it to perform a broader range of tasks. “All of this goes beyond artificial intelli...
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At its Worldwide Developers Conference (WWDC) on Monday (June 10), Apple (NASDAQ:AAPL) unveiled new features for its various operating systems, with several powered by artificial intelligence (AI). The company announced impressive interactive features, such as spatial photos and enterprise-specific APIs for visionOS 2, along with new partnerships with Canon (TSE:7751) and Blackmagic Design for photo and video production. Additionally, CEO Tim Cook shared that Apple Vision Pro will be rolling out in eight new countries this summer: Japan, China and Singapore on June 28, and Canada, Germany, Aus...
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NVIDIA (NASDAQ:NVDA) officially became the second most valuable publicly traded company in the world on Wednesday (June 5), overtaking Apple (NASDAQ:AAPL) as its market cap exceeded the US$3 trillion mark. This places NVIDIA just behind Microsoft (NASDAQ:MSFT), whose market cap stands at US$3.15 trillion. The company’s meteoric rise, which has now taken its share price to more than US$1,200, has been fueled by a wave of demand for technologies related to artificial intelligence (AI), which has seen a surge in interest since 2023. NVIDIA's dominance in the AI chip industry is evident, with the ...
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Advanced Micro Devices (AMD) (NASDAQ:AMD) has fired its latest salvo in the battle for dominance in the artificial intelligence (AI) chip market, unveiling its newest processors at the Computex trade show in Taiwan. Led by CEO Lisa Su, AMD introduced the MI325X accelerator, slated for release in this year's fourth quarter. Reuters notes in a Monday (June 3) article that AMD is looking to challenge NVIDIA (NASDAQ:NVDA), which is the current leader of the AI semiconductor market at 80 percent. The sector is quickly gaining importance as AI applications grow. Su emphasized that AMD is seeking to ...
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Tesla (NASDAQ:TSLA) is taking steps to mend strained relationships with European leasing companies following a series of retail price cuts that have negatively impacted fleet values. According to Reuters, Elon Musk's Tesla is attempting to stabilize its market position by offering unofficial discounts and addressing longstanding service issues to restore confidence among buyers. Tesla's retail price cuts were designed to counteract softening global demand for electric vehicles (EVs) and rising competition, particularly from Chinese automakers like BYD (OTC Pink:BYDDF,SZSE:002594). However, the...
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All eyes were on Tesla (NASDAQ:TSLA), a key player in the electric vehicle (EV) market, as investors awaited the much-anticipated release of its first quarter results on Tuesday (April 23). Despite its prosperous past, Tesla has experienced a shift in fortunes over the past year. It has struggled to maintain its position among the so-called Magnificent 7, a group of high-performing tech stocks that drove major indexes in 2023. Amid decreased demand for EVs, higher competition among EV makers and a string of controversies that have followed the company and CEO Elon Musk throughout the years, Te...
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Artificial intelligence (AI) may be an emerging technology, but there are plenty of billion-dollar companies in this space. As the market has grown over the past few years, AI technology has made strong inroads into several key industries, including logistics, manufacturing, finance, healthcare, customer service and cybersecurity. While AI-driven advancements in robotics have received the most press in recent years, the latest buzz has centered around OpenAI’s ChatGPT. This intelligent chatbot shows how quickly generative AI is advancing, and has attracted the attention of heavyweight technolo...
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Piedmont Lithium (NASDAQ:PLL,ASX:PLL), one of North America’s leading lithium suppliers, announced on Monday (April 15) that the North Carolina Department of Environmental Quality (NCDEQ) has given its stamp of approval for the company's US$1.2 billion mining and processing plant project in Gaston County. “This is an exciting day for all of us at Piedmont Lithium. I would like to thank the leadership and staff at NCDEQ and (the Division of Energy, Mineral and Land Resources) for their diligence in the process, as well as the members of our team who worked rigorously for more than two and a hal...
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