Amazon is making significant strides in the field of artificial intelligence by acquiring talent from AI startup Adept. The move, which involves hiring key members of Adept’s team and licensing their technology, demonstrates Amazon’s commitment to advancing its AI capabilities. Rohit Prasad, a senior vice president at Amazon, recently announced in a memo to employees
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Paramount’s latest prequel in the A Quiet Place franchise, A Quiet Place: Day One, has shattered records with a preview night haul estimated between $5M-$6M. Showtimes for the highly anticipated film began at 3 PM, surpassing the numbers set by its predecessors. Directed by Michael Sarnoski, the film explores the origins of the ferocious aliens
The upcoming sequel to the original action-packed movie from the 90s, Twisters, is generating a lot of buzz. According to tracking, the film is expected to have a strong start with a projected $50 million opening on July 19. Despite tracking data suggesting this figure, factors such as walk-up business and a heatwave may contribute
GSK’s shares took a hit, dropping as much as 7% following a U.S. public health agency‘s change in recommendation for the use of respiratory syncytial virus (RSV) vaccines. This change directly affects the drugmaker’s new blockbuster medicine, Arexvy, which was introduced in the United States last summer. The recommendation by the U.S. Centers for Disease
Nvidia CEO Jensen Huang attributes the company’s success in the artificial intelligence chip market to a strategic bet made over a decade ago. This bet involved significant investment in AI technology, totaling billions of dollars, as well as the recruitment of a team of thousands of engineers dedicated to advancing AI capabilities. During Nvidia’s recent
Despite Tesla’s reputation for innovation and cutting-edge technology, the company has been facing ongoing challenges with its Cybertruck model. Recently, two more recalls have been issued for the Cybertruck pickups in the U.S, marking the third and fourth recalls for this particular vehicle. These recalls involve physical repairs that require customers to book appointments with
Inspire Medical Systems and ResMed have experienced significant drops in their stock prices, with decreases of 14% and 11% respectively. This decline came after the announcement that Eli Lilly’s weight loss drug, tirzepatide, showed promising results in reducing the severity of obstructive sleep apnea. Eli Lilly has even applied for approval from the FDA for
The European Union regulators have recently accused Apple of violating new tech regulations that prohibit the restriction of customers from using alternative platforms within the App Store. In their preliminary findings, the European Commission stated that Apple’s App Store rules hinder app developers from freely directing consumers to alternative channels for offers and content. This
Beijing is pushing the European Union to eliminate its preliminary tariffs on Chinese electric vehicles before the July 4 deadline. These tariffs, ranging up to 38.1%, are scheduled to come into effect on July 4 as the EU investigates alleged excessive and unfair subsidies to Chinese electric vehicle manufacturers. China has been urging the EU
As the final trading week of the first half of the year begins in Asian markets, investors are taking stock of the current situation. While the equity markets in Asia seem to be in reasonably positive territory, the currency and bond markets present a more mixed picture. However, the Chinese market is faced with more
One major issue with the reported discussions between Meta Platforms and Apple is the lack of transparency surrounding the potential integration of generative AI technology. Both companies have not provided any official statements regarding these discussions, leaving consumers and stakeholders in the dark about the future implications of such a collaboration. This lack of transparency
Disney/Pixar’s blockbuster sequel, Inside Out 2, continues to dominate the international box office as it sets new opening day benchmarks in several key overseas markets. The film’s success overseas has propelled its global box office total to an impressive $438.7 million, with the half a billion mark looming on the horizon. Wednesday saw the addition
The competition in the field of artificial intelligence has been heating up recently with the announcement of Anthropic’s latest model, Claude 3.5 Sonnet. As one of the many chatbots that have gained popularity in the past year, Claude is now being touted as the most powerful AI model released by Anthropic so far. With heavyweights
The recent report of lower than expected inflation rates in Israel has raised questions about the future monetary policy of the central bank. While the inflation rate of 2.8% is within the annual target of 1%-3%, it has not been sufficient to prompt the Bank of Israel to resume its rate cutting cycle. Even though