In a recent interview with CNBC, a top Amazon executive, Stefano La Rovere, emphasized that the belief that robots and other technologies are replacing human jobs is simply a myth. According to La Rovere, advanced robotics, artificial intelligence, and other technological advancements are actually enhancing the roles of employees rather than eliminating them. He mentioned
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Apple saw a significant increase in its shares on Thursday, rising by 4.3% to reach a price of $175.04. This surge marked Apple’s best performance since May 5, 2023. The boost in Apple’s stock value coincided with a strong day for technology stocks overall, particularly those involved in artificial intelligence. The Nasdaq Composite experienced a
Investor Vinod Khosla and Palantir advisor Jacob Helberg have recently penned an open letter calling on senators to pass a bill that would force the divestiture of Bytedance-owned TikTok in the U.S. Their main argument revolves around the assertion that TikTok is a “weapon of war” and therefore poses a significant national security threat. They
Microsoft is gearing up to introduce innovative artificial intelligence tools for both PCs and cloud services at its annual Build conference. The company’s focus on AI integration in everyday technology is evident in its upcoming plans for the event, as outlined in a recent session list. One of the key objectives for Microsoft at the
Alibaba, the Chinese technology giant, has faced a tumultuous past year filled with external and internal doubts and pressures. The company underwent a historic overhaul and significant management changes in an effort to reinvigorate growth and adapt to the changing landscape of the industry. Despite the challenges, founder Jack Ma commended the resilience and courage
Nvidia, a major player in the chipmaking industry, has recently experienced a significant drop in its stock price, entering what is known as “correction territory.” This decline comes after a period of impressive financial performance driven by the demand for its GPUs in artificial intelligence applications. The drop in Nvidia’s stock price can be attributed
Google is revolutionizing the cloud computing industry with its latest innovation – a custom-built Arm-based server chip. This move is a strategic attempt by Google to make cloud computing more affordable and competitive in the market. At the Cloud Next conference in Las Vegas, Google announced that the new processor will be available later in
In a tragic incident back in 2018, Walter Huang, an Apple engineer and father of two, lost his life after his Tesla Model X SUV, with Autopilot features activated, crashed into a highway barrier near Mountain View, California. The National Transportation Safety Board (NTSB) conducted an investigation and concluded that Tesla’s technology played a role
In a recent interview with CNBC, Brad Garlinghouse, the CEO of blockchain startup Ripple, made a bold prediction regarding the future of the cryptocurrency market. Garlinghouse stated that he sees the combined market capitalization of the entire crypto market reaching $5 trillion by the end of this year. This prediction is based on a number
Meta shares saw a significant increase in value on Thursday, reaching an intraday record high. This surge came after analysts at two firms raised their price targets on the stock, highlighting their optimism about the company’s expanding market share in the digital advertising space. Despite an initial climb of 4.6% to reach $530, the stock
The issue of depreciation has long plagued the automotive industry, with cars losing their value as soon as they are driven off the lot. However, the depreciation rates for electric vehicles (EVs) are taking this concept to a whole new level. According to a recent study conducted by iSeeCars.com, the average price of a 1-
In a recent development, Spotify’s shares surged by 6% following reports that the company is planning to raise prices for its premium subscription service. The American music streaming giant intends to implement this price increase in multiple markets, including the United States. This marks the second time in a year that Spotify is revising its
Tesla has just released its first-quarter vehicle production and deliveries report for 2024. The key numbers from the report are as follows: – Total deliveries Q1 2024: 386,810 – Total production Q1 2024: 433,371 – Shares dropped 7% in premarket trading Although Tesla does not provide a detailed breakdown of sales by model, the report
Samsung is considering incorporating generative artificial intelligence technology into its voice assistant Bixby, according to a senior executive within the company. This move aims to make Samsung devices more appealing to users and to keep up with the advancements in AI technology. Bixby was launched in 2017 with the Samsung Galaxy S8 smartphone, offering various