Summary: IBM announced the release of a family of AI models as open-source software and will assist Saudi Arabia in training an AI system in Arabic.
Full articleSummary: Costco's Kirkland Signature is not just a cheaper knockoff brand, as it offers products of comparable or better quality than brand-name competition at lower prices due to the company's strategic sourcing efforts.
Full articleSummary: Asymchem Laboratories (Tianjin) Co., Ltd. announced a new lease agreement to operate the former Pfizer U.K. small molecule API pilot plant and part of the development laboratories in Sandwich, Kent, establishing Asymchem's first manufacturing footprint in Europe. The site is expected to employ approximately 100 individuals by the end of 2024 and include capabilities for peptides, oligonucleotides, continuous flow, and biocatalysis.
Full articleSummary: Apple and Starlink took steps to address privacy implications of geo-locating service devices according to recent research from the University of Maryland, revealing potential security risks in the collection and sharing of Wi-Fi location data by the tech giants. University researchers utilized Apple's Wi-Fi geolocation API to track billions of devices globally, including Starlink systems, with concerning implications for monitoring military movements in conflict zones such as Ukraine and Gaza.
Full articleSummary: AMD has launched the EPYC 4004 series for entry-level servers based on the AMD Ryzen 7000 series architecture, offering competitive pricing and performance compared to Intel's Xeon E series. The new CPUs feature up to 16 cores, 3D V-cache models, Zen 4 cores, TDP of 65-170W, ECC UDIMM support, and onboard graphics.
Full articleSummary: GE Aerospace plans to hire 900 engineers in 2024, aiming to develop next-generation technologies and support current engine programs.
Full articleSummary: Nike faces a class action lawsuit for allegedly failing to provide California-mandated lactation accommodations to postpartum and nursing female employees.
Full articleSummary: Intel's (NASDAQ:INTC) new Lunar Lake processors aim to compete with Qualcomm's (NASDAQ:QCOM) Snapdragon X Elite line, but Microsoft's (NASDAQ:MSFT) Copilot+ AI PC project requirements favor Snapdragon processors. Analysts have a Hold consensus rating for INTC stock with a 19.65% upside potential.
Full articleSummary: Costco offers various little-known services including virtual care, moving truck discounts, exclusive car insurance discounts, gift cards, and home improvement services, all aimed at providing additional value to its loyal members.
Full articleSummary: Comcast announced a new streaming bundle, StreamSaver, including Peacock, Netflix, and Apple TV+ at $15 a month, providing a 35% saving compared to subscribing separately. The move aims to address industry churn and competition from tech giants in the streaming space.
Full articleSummary: Google is introducing AI tools for advertisers to create immersive visuals and summaries in promotions, aiming to enhance search results with a visual brand profile and prioritize AI Overview feature. Advertisers can include product videos, and Google will display ads within AI Overview labeled as 'sponsored.' Alphabet's Google ad business rebounded in the second quarter with a 15% revenue increase.
Full articleSummary: Pixar Animation Studios is laying off about 175 employees, or 14% of its workforce, as CEO Bob Iger shifts focus to quality content over quantity. Disney's box office struggles and challenges with content resonance have prompted this move by Iger to reposition Pixar towards theatrical releases.
Full articleSummary: PepsiCo Beverages North America (PBNA) is expanding its electric-powered fleet in California by deploying 50 more Class 8 Tesla Semi trucks and 75 Ford E-Transit electric vans, aligning with their goal of achieving net zero emissions by 2040. The Fresno facility will be equipped with Tesla chargers and battery storage systems to support the electric vehicles.
Full articleSummary: NVIDIA releases beta version of NVIDIA 555 graphics driver series for Linux, FreeBSD, and Solaris platforms with new features and improvements including explicit GPU sync support for Wayland.
Full articleSummary: Options market is pricing in an 8.7% swing for Nvidia's shares after earnings report, which is lower than previous quarters, yet still significant. Wall Street is anticipating a strong quarterly report from Nvidia, a key player in the AI industry. Investors are eyeing for potential upside moves despite the stock's substantial year-to-date gains.
Full articleSummary: Nutanix CEO Rajiv Ramaswami expressed concerns about Broadcom's acquisition of VMware leading to uncertainty and risk in the industry. Nutanix announced collaboration with Cisco to certify Cisco UCS blade servers and streamline customer migrations. Nutanix also shared plans to work with NVIDIA to help enterprises adopt generative AI more easily.
Full articleSummary: Lowe's reported that the quarter started off weaker but improved ahead of forecast driven largely by favorable weather conditions that boosted sales. The company's geographic regions performed well, with the West region outperforming the company average. Pro business showed strong performance across all regions. For the DIY loyalty program, the company is targeting one more annual trip from customers. There were no significant changes in the promotional environment for the second half of the year. As for big ticket categories, a similar performance is expected throughout the year, with sequential improvement in comps in those categories.
Full articleSummary: Gold prices slipped after U.S. Federal Reserve officials tempered expectations of interest-rate cuts, leading to a rise in the dollar and Treasury yields.
Full articleSummary: Investment Committee gives their top stocks to watch for the second half: Moderna, Palantir, Oracle, and Bank of America.
Full articleSummary: The Investment Committee gives their top stocks to watch for the second half including Moderna, Palantir, Oracle, and Bank of America.
Full articleSummary: Stock market remained relatively stable amid corporate earnings news and Fed officials' comments. Eli Lilly gained on positive trial results, while Peloton shares dropped on debt restructuring announcement. IBM rose due to AI updates, XPeng ADRs increased on revenue growth, and Toast declined following a stock downgrade. Palo Alto Networks tumbled on weak outlook.
Full articleSummary: Broadcom introduces new 400G Ethernet adapters optimized for AI processing with third-generation RoCE pipeline and low-latency congestion control technology.
Full articleSummary: Comcast unveils Xfinity StreamSaver bundle including Apple TV+, Netflix, and Peacock at $15/month for Xfinity broadband subscribers, projecting $100 annual savings for customers.
Full articleSummary: Fast-food wars are heating up with McDonald's planning a $5 value meal promotion in June and Wendy's responding with a $3 breakfast meal including new items like Sausage Breakfast Burrito.
Full articleSummary: Comcast revealed a new offering, StreamSaver bundle, including Peacock, Netflix, and Apple TV+, at $15 a month for internet and TV subscribers, with potential savings up to 35%. This move comes as media companies aim to scale their streaming services and cope with increased competition.
Full articleSummary: The article discusses the importance of responsible AI development and deployment in enterprise settings. Salesforce updated their AI policy framework to promote trust and transparency in enterprise AI.
Full articleSummary: Comcast introduces new StreamSaver bundle including Apple TV Plus, Netflix, and Peacock for $15 per month, with additional option to add NOW TV for $30 per month.
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