Summary: Apple is reportedly working on an upgrade for its AirTag item trackers that would likely make finding items easier, with the new hardware expected to arrive in the middle of next year. The upgrade is part of Apple's efforts to nurture key technologies that help its popular products stand out.
Full articleSummary: IBM is partnering with Salesforce to make the IBM Granite model series available on the CRM Einstein platform, exploring open-source AI with 'Granite' models and collaborating with AWS on AI governance capabilities. Additionally, IBM is partnering with Adobe on hybrid cloud and AI solutions, introducing new consulting services, and achieving significant stock gains over the past year.
Full articleSummary: Microsoft is launching Copilot+ PCs with AI-focused hardware, including the Surface Pro with Snapdragon X Elite processor, offering superior processing power and battery life compared to Apple's M3 MacBook Air.
Full articleSummary: Senator Wyden has expanded his investigation into Big Pharma's tax avoidance and profit shifting by sending a letter to Pfizer CEO, questioning the company's low tax rates and offshore earnings. The analysis revealed a 75% decrease in Pfizer's effective tax rate after the 2017 tax law. Pfizer's tax practices have been under scrutiny for booking most earnings offshore and benefiting from foreign profit tax rate reductions.
Full articleSummary: Family Handyman offers tips on when to shop at Home Depot, including suggesting weekdays over weekends. The Home Depot is using AI technology to deter thefts by monitoring high-risk shopping carts.
Full articleSummary: Auburn Athletic Director, John Cohen, oversaw the decision for Auburn to switch its apparel provider from Under Armour to Nike. The decision was influenced by Auburn fans' desire to move on from Under Armour and a preference for Nike apparel among athletes. Details of the deal with Nike are not publicly available as it was handled through Auburn's athletics foundation. The transition to Nike gear will take up to 14 months before the new contract starts in July 2025.
Full articleSummary: The article discusses the importance of debt in assessing a company's risk, focusing on Broadcom Inc. The company's debt has increased significantly over the past year, with net debt being about US$63.9b. Broadcom has shown the ability to convert EBIT to free cash flow, which is positive, but there are concerns about its net debt to EBITDA ratio.
Full articleSummary: NVIDIA releases Game Ready Driver 555.85 WHQL with support for new games and validated G-SYNC compatible displays. The driver also includes fixes for gaming and general bugs.
Full articleSummary: IBM announced updates to its generative AI platform watsonx, including new assistant tools and a wider commitment to open source AI. IBM also unveiled new AI assistants, extended GPU support, and plans to expand its GPU offerings. The company emphasized its focus on enterprise solutions.
Full articleSummary: Analysts have provided a diverse range of perspectives on JPMorgan Chase, with recent ratings showing a mix of bullish and bearish sentiments. Price target average is $207.2, with a positive shift from the previous average. Key analysts have updated their ratings and price targets, showcasing various adjustments in response to market dynamics and company performance.
Full articleSummary: Deep-pocketed investors have adopted a bearish approach towards RTX, as significant options activities were noticed for the stock. The general mood among these heavyweight investors is divided, with 37% leaning bullish and 50% bearish. Trading volumes suggest a price band between $60.0 and $105.0 for RTX.
Full articleSummary: Lowe's warns of margin pressure due to muted demand, expects comparable sales decline in current quarter but sees improvement in second half. Rival Home Depot also reported a fall in same-store sales.
Full articleSummary: The artificial intelligence market is projected to grow at a CAGR of 37% through 2030, with numerous tech companies, such as Intel and Apple, vying for a share. Intel is restructuring to focus on manufacturing and AI, aiming to compete with Nvidia, while Apple is expanding its AI capabilities with new chips and products. Both companies are considered solid long-term investments in the AI sector.
Full articleSummary: A Christian nurse practitioner settled with CVS after suing for being fired for refusing to provide abortion drugs for religious reasons.
Full articleSummary: Investors raise concerns to Meta regarding child safety on social media platforms, leading Meta shareholders file a resolution to protect children and enhance long-term financial performance. Lawsuits and fines faced by Meta for not safeguarding children's information have prompted shareholders to demand more accountability and action from the company.
Full articleSummary: Scale AI, an artificial intelligence startup, raised $1 billion in a Series F funding round, valuing the company at $13.8 billion. The funding round was led by Accel and included new investors such as Cisco Investments, DFJ Growth, and Intel Capital.
Full articleSummary: Fire breaks out at the Tesla Fremont factory originating from an oven, causing a two-alarm response from firefighters. The fire has been knocked down with no reported injuries as all employees are confirmed to be safe.
Full articleSummary: Several PC makers, including Microsoft, Lenovo, HP, Dell, Acer, and Samsung, are launching new Copilot+ PCs running on Qualcomm's latest Snapdragon X Elite and X Plus processors. These laptops promise better processing power, superior battery life, and increased efficiency through AI applications, potentially competing with Apple's M-series MacBooks.
Full articleSummary: Google's Gemini 1.5 Pro language model preview faced failures with translation tasks for the low-resource Georgian language despite superior test results on such languages. The program displayed errors related to 'unsafe' content, highlighting potential bugs in the preview release.
Full articleSummary: A Tesla owner blamed the Full Self-Driving feature for veering toward an oncoming train, which has led to multiple lawsuits against Tesla for FSD and Autopilot causing crashes and fatalities. The NHTSA has critiqued Tesla for a 'weak driver engagement system' contributing to avoidable crashes.
Full articleSummary: Boeing has announced plans to invest in several Quebec-based enterprises, including an anchor investment for an Aerospace Development Centre and collaborations on technology developments in the aerospace sector, as part of its commitment to Canada for the selection of Boeing’s P-8A Poseidon. The investments aim to drive economic growth, support decarbonization of aviation, and create job opportunities.
Full articleSummary: IBM is exploring to make IBM Granite models available for use across the Salesforce CRM Einstein platform, partnering with AWS for AI governance, collaborating with Adobe on hybrid cloud and AI, and introducing new consulting services. IBM stock has gained over 33% in the past year.
Full articleSummary: Sanofi, Formation Bio, and OpenAI are collaborating to build AI-powered software to accelerate drug development and bring new medicines to patients more efficiently. The partnership represents a first collaboration of its kind within the pharma and life sciences industries.
Full articleSummary: Scale AI, a data-labeling services provider, has raised a $1 billion Series F round from big-name investors including Amazon and Meta. The company, which specializes in managing and annotating large volumes of data for training AI systems, has now reached a valuation of $13.8 billion.
Full articleSummary: Lockheed Martin has been awarded a $756 million contract by the US Army to bolster the capabilities of the Long Range Hypersonic Weapon (LRHW) system. The LRHW system introduces a new class of hypersonic missiles with speeds exceeding Mach 5, presenting significant challenges for current missile defense systems. The contract focuses on sustaining existing LRHW systems, producing additional launch batteries, and supporting ongoing flight tests.
Full articleSummary: All for One Group SE has repurchased a total of 497 shares under their Share Buyback Programme 2022, with the total number of shares repurchased since 13 October 2022 amounting to 81,836 shares. The transactions are conducted through a credit institution via the Frankfurt Stock Exchange (XETRA).
Full articleSummary: Great Lakes Advisors LLC reduced its position in shares of Bank of New York Mellon by 54.6% during the 4th quarter. Several other hedge funds also modified their holdings of BK. Wall Street analysts have given BK buy and in-line ratings with price targets ranging from $60 to $68. Insiders have sold significant shares recently. Bank of New York Mellon announced a quarterly dividend. The company reported $1.29 earnings per share for the quarter, beating consensus estimates.
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