Summary: UK AI Safety Institute is expanding to San Francisco to tap into tech talent and engage with US AI labs, collaborating with Canada, releasing safety testing results on AI models. They aim to set new international standards on AI safety.
Full articleSummary: RTX's Collins Aerospace will unveil its cabin solution for onboard wheelchair accommodation at the Aircraft Interiors Expo in Hamburg, Germany, aiming to enhance the air travel experience for passengers with reduced mobility.
Full articleSummary: Dow and Freepoint Eco-Systems are collaborating to produce new plastics from recycled pyrolysis oil, with a focus on circular economy; BlueAlp and RES signed an agreement to establish Italy's first large-scale recycling facility; Hündgen Entsorgungs to supply Carbios' bio-recycling plant with post-consumer PET flakes.
Full articleSummary: Disney's Disneyland cast members voted to unionize with the Actors’ Equity Association, aiming to address safety, scheduling, fair wages, and other workplace benefits. The unionization trend in large companies signals potential shifts in operational costs and investor outlook.
Full articleSummary: A banking Trojan named 'Antidot' targeting Google Android devices has emerged, disguising itself as a Google Play update. The malware uses overlay attacks and keylogging techniques to harvest sensitive information such as login credentials. Antidot communicates with a command-and-control server using WebSocket for real-time interaction, allowing remote control of infected devices and strategic attacks like collecting SMS messages and initiating USSD requests.
Full articleSummary: China's Ministry of Commerce announced sanctions against Boeing and two other U.S. defense contractors for arms sales to Taiwan, leading to uncertainties in the potential impact on these companies and their operations in China.
Full articleSummary: Kyndryl announces collaboration with NVIDIA to accelerate development and implementation of AI-powered solutions, including leveraging NVIDIA NeMo platform and NIM inference microservices. The collaboration aims to provide a holistic view and approach to managed IT services through generative AI capabilities.
Full articleSummary: Honeywell International Inc. (HON) stock closed slightly lower as the market gained, with upcoming earnings projected to decline year-over-year. Analyst estimates point to a positive revenue outlook, but the stock currently holds a Zacks Rank of #3 (Hold) and a higher Forward P/E ratio compared to its industry average.
Full articleSummary: Starbucks is suing Mountains & Mermaids, a small business, for trademark violations related to similarities in their siren-mermaid logo and branding. Despite a ruling favoring Starbucks on coffee products, M&M is allowed to continue using the Siren mark on apparel products.
Full articleSummary: Intuit Inc. has a consensus 'buy' rating from 24 analysts with a price target range of $556.00 to $775.00, indicating a potential upside of 8.3%. The company's market capitalization is $185.12B with a dividend yield of 3.36% and a P/E ratio of 67.54. It operates through four segments providing financial management services.
Full articleSummary: UPS customers in Taiwan now have the ability to export 30% more volume to Europe within two business days, with options for same-day exports and late shipment pickups until midnight, all backed by a money-back guarantee. This is expected to benefit high-tech, industrial manufacturing, and automotive sectors the most.
Full articleSummary: Philip Morris International Inc. (PM) reported strong Q1 2024 performance with increased earnings per share and revenue guidance. The company's focus on smoke-free products, particularly its heated tobacco franchise IQOS, has been successful in growing market share and volume, notably with the accelerated growth of ZYN shipments in the U.S.
Full articleSummary: Salesforce CRM announced the winners of its annual Middle East Partner Awards 2024, with partner certifications growing by 35% year-on-year. The awards recognized partners across various categories, showcasing their excellence and dedication to customer success and innovation.
Full articleSummary: Boeing is facing a new regulatory enquiry related to proper inspection of its 787 Dreamliner planes, amid various safety troubles including past crashes and internal communication issues. The company is making efforts to overhaul its governance, emphasizing transparency, accountability, and safety.
Full articleSummary: Tesla is cutting 600 more jobs across multiple departments in California due to falling sales and competition, previously announced layoffs affected 10% of staff worldwide, the stock price has fallen about 30% this year
Full articleSummary: Broadcom Inc. announced a new portfolio of 400G PCIe Gen 5.0 Ethernet adapters designed to revolutionize data centers for AI clusters, with a focus on power-efficiency, open standards, scalability, and connectivity. The portfolio offers high-performance solutions to address connectivity bottlenecks as XPU bandwidth and cluster sizes grow rapidly in AI data centers.
Full articleSummary: Apple implementing aggressive discounts on iPhones in China, Micron Technology upgraded by Morgan Stanley and Micron is up 47% YTD, Nvidia preparing for quarterly earnings with price target upgrades, Li Auto reported weaker-than-expected earnings, GameStop and AMC Entertainment fluctuated amid meme-stock trade, Johnson Controls rose as Elliott Management built a $1B stake, Teradyne upgraded by Goldman Sachs citing strong quarter and cyclical recovery expectations.
Full articleSummary: CVS Health announced participation in a fireside chat at the Bernstein 40th Annual Strategic Decisions Conference on May 29, 2024.
Full articleSummary: Microsoft is set to announce consumer versions of its latest Surface hardware, the Surface Pro 10 and the Surface Laptop 6, at a special press event today. The focus is expected to be on AI capabilities powered by Qualcomm's Snapdragon X Elite chips.
Full articleSummary: Joe O’Dea from Wells Fargo maintained a Buy rating on Acuity Brands with a price target of $295.00, while the general sentiment for the company is a Moderate Buy with an average price target of $290.83. Corporate insider sentiment is currently neutral on the stock.
Full articleSummary: Nike is outfitting over 100 federations for the 2024 Olympics with athlete kits and a Blueprint footwear collection. The brand is emphasizing technology like Dri-Fit and Air in its clothing and footwear, using feedback from athletes and data from sports research labs. They faced some backlash for hypersexualizing female athletes and not offering single-shoe sales to Paralympian athletes.
Full articleSummary: Apple's iOS 17.5 update caused deleted photos to reappear on users' iPhones and other Apple devices, raising privacy concerns.
Full articleSummary: Apple introduced the Voice Isolation feature for phone calls with the release of iOS 16.4 in March 2023, which helps to muffle distracting background noises during calls, improving call quality.
Full articleSummary: IBM is releasing IBM Copilot Runway in collaboration with Microsoft to help enterprises enhance productivity and drive business success through generative AI.
Full articleSummary: IBM and SAP are advancing their collaboration to add new generative AI capabilities and industry-specific cloud solutions to help clients unlock business value.
Full articleSummary: General Atomics and Anduril win a U.S. Air Force contract to build drones, leading to around $30 billion in lost potential revenues for Boeing (BA), Lockheed Martin (LMT), and Northrop Grumman (NOC). The contract involves equipping fighter jets with drones, potentially leading to a $30 billion program initially and an estimated $180 billion over time. There is a chance for the publicly traded defense contractors to still find work as subcontractors or in future competitions.
Full articleSummary: Wells Fargo reiterated its Overweight rating on Palo Alto Networks stock, expressing concerns about potential product revenue shortfall. Competitors Fortinet and Check Point experienced declines in product revenue. Palo Alto Networks announced a partnership with IBM involving SaaS asset acquisition for customer transition to XSIAM platform.
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