In brief Margin and AI server backlog fears sent Dell shares down Friday. On Thursday, the business outperformed analysts’ estimates and gave optimistic guidance, but […]
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Warren Buffett fears ‘huge losses’ in the burgeoning but tiny insurance business
In brief In their annual meeting remarks, Warren Buffett and Berkshire Hathaway’s top insurance executive, Ajit Jain, warned of “huge losses” in cybersecurity insurance. Buffett […]
France aspires to become an AI superpower with U.S. Big Tech’s support
In brief Paris’s Viva Technology gathering last week was full of talk about how far France has come as an AI leader. A lot of […]
Singapore promotes green data centres as AI demand strains energy
In brief-notes The city-state established a green data centre strategy on Thursday to assist its digital economy goals as AI and computing demand rises. The […]
Nelson Peltz has recently sold his entire stake in Disney after failure in proxy battle
A person familiar with the matter has informed CNBC that activist investor Nelson Peltz has recently divested his entire stake in Disney. According to a […]
OpenAI is working towards new model to outperform GPT-4
After dissolving its previous oversight board in mid-May, OpenAI claimed on Tuesday that it had established a safety and security committee under the direction of […]
$24 billion valued of Elon Musk’s AI start up after fresh funding
Investors were betting big on companies similar to OpenAI’s rivals in the growing AI market. Elon Musk’s AI startup xAI was no different, raising $6 […]
Elon Musk against US tariff on Chinese EV
Elon Musk, the CEO of Tesla, stated that he disagrees with President Biden’s recent declaration of a tariff on electric cars built in China. During […]
5 year deal signed by Warner Bros. and ESPN for College Football Playoff games
Warner Bros. Discovery has recently entered into a five-year sublicensing agreement with Disney’s ESPN to enhance its sports offerings. This agreement grants Warner Bros. Discovery […]