Technology 25 April 2024, 6:55 pm 1 minute Reuters was first to report on Google-parent Alphabet declaring its first ever quarterly dividend and announcing a massive $70 billion buyback which sent its shares to a record high when markets opened the next day. Market Impact Alphabet’s after-hours share surge of nearly 16% following the report…
Technology 25 April 2024, 7:23 pm 1 minute Reuters exclusively reported that TikTok owner ByteDance would prefer shutting down its loss-making app rather than sell it if the Chinese company exhausts all legal options to fight legislation to ban the platform from app stores in the U.S. Market Impact U.S. President Joe Biden in April…
AutomotiveTechnology 28 April 2024, 7:43 pm 1 minute Reuters exclusively reported that Tesla CEO Elon Musk was on a flight heading to Beijing on Sunday to kick off a surprise trip in the electric vehicle maker’s second-biggest market. Market Impact Tesla has sold more than 1.7 million cars in China since it entered the market…
Technology 08 May 2024, 6:26 pm 1 minute Reuters exclusively reported that the Biden administration is poised to open up a new front in its effort to safeguard U.S. AI from China with preliminary plans to place guardrails around the most advanced AI Models, the core software of artificial intelligence systems like ChatGPT. Market Impact Currently,…
Technology 23 May 2024, 10:02 pm 1 minute Reuters exclusively reported that Microsoft’s high profile deal with the United Arab Emirates-backed AI firm G42 could eventually involve the transfer of sophisticated chips and tools – a move that a senior Republican congressman warned could have national security implications. Market Impact The Commerce Department already requires…
Technology 24 May 2024, 9:42 pm 1 minute Reuters exclusively reported that Nvidia’s most advanced AI chip it developed for the China market has got off to a weak start, with abundant supply forcing it to be priced below a rival chip from Chinese tech giant Huawei. Market Impact Nvidia, which dominates the market for…
Technology 30 May 2024, 2:14 pm 1 minute Reuters exclusively reported that TikTok is working on a clone of its recommendation algorithm for its 170 million U.S. users that may result in a version that operates independently of its Chinese parent and be more palatable to American lawmakers who want to ban it. The story…
Technology 03 June 2024, 8:32 pm 1 minute Reuters exclusively reported that Arm Holdings aims to gain more than 50% of the Windows PC market in five years as Microsoft and its hardware partners prepare to launch a new batch of computers based on the British chip designer’s technology. Market Impact Demand for use of…
Two weeks before Tucker Carlson got canned, I hung out with Abughazaleh and five of her Media Matters colleagues in their Navy Yard office overlooking the Anacostia River to watch them watch Fox News’s evening lineup. The space is massive, with open seating and large conference rooms — and very few employees. (Most of the team…
Business & FinanceDealsTechnology 19 September 2024, 10:35 am 1 minute Reuters was first to report on Intel’s decision not to divest its majority stake in Mobileye, boosting the Israeli company’s shares by over 16%. Mobileye shares, which have dropped 73% this year, took a beating earlier in the month after media reports that Intel was…
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