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02 Aug 2024

U.S. Department of Justice Launches Antitrust Probe into Nvidia's Sales Practices

The U.S. Department of Justice has initiated an antitrust investigation into Nvidia, the leading AI chip manufacturer, following complaints from rivals about its sales practices. The probe focuses on Nvidia's potential monopolistic behavior in the AI chip market.

13 Sources

Amazon Reports Mixed Q4 Results and Cautions on Consumer Spending Amid Global Events

Amazon's Q4 2023 results show increased profits but missed revenue estimates. The company warns about the impact of global events on consumer spending habits.

2 Sources

Japanese Stock Market Tumbles Amid Global Tech Selloff and Economic Concerns

Japan's Nikkei 225 index experienced a significant drop, influenced by a tech-driven retreat on Wall Street and domestic economic factors. The selloff particularly affected chip-related stocks and major exporters.

4 Sources

Apple and Amazon Face Challenges in Q2 2024 Earnings Reports

Tech giants Apple and Amazon report mixed results in their Q2 2024 earnings, with Apple facing headwinds in China and Amazon showing signs of weakening consumer demand.

2 Sources

Avant Group Corporation Reports Strong Financial Performance for Fiscal Year 2024

Avant Group Corporation, a Japanese IT services company, has released its financial results for the fiscal year ended June 30, 2024, showing significant growth in revenue and profit. The company's performance exceeded its initial forecasts, driven by strong demand for digital transformation services.

2 Sources

Google Unveils Gemma: A New Open-Source AI Model to Rival Competitors

Google has introduced Gemma, a compact and efficient open-source AI model, aiming to compete with other generative AI models in the market. This release marks a significant step in Google's AI strategy and accessibility efforts.

2 Sources

Amazon's Cautious Outlook: Revenue Forecast Falls Short of Wall Street Expectations

Amazon's latest financial report reveals slower growth in online sales and a cautious consumer spending outlook, leading to a revenue forecast below analyst expectations. The news has caused Amazon's shares to tumble in after-hours trading.

2 Sources

Apple's AI Ambitions and Vision Pro Spark Enterprise Interest Amid iPhone Revenue Decline

Apple CEO Tim Cook discusses the company's focus on AI and the potential of Vision Pro in enterprise applications, while addressing concerns about declining iPhone revenue.

2 Sources

OpenAI Enhances ChatGPT's Voice Capabilities: A Limited Release with Promising Potential

OpenAI has introduced improved voice capabilities for ChatGPT, currently available to a select audience. This update aims to enhance user interaction and accessibility, potentially revolutionizing AI-human communication.

2 Sources

Meta Unveils Largest Open-Source AI Model: A Game-Changer in AI Development

Meta has released the largest open-source AI model to date, marking a significant milestone in artificial intelligence. This development could democratize AI research and accelerate innovation in the field.

2 Sources

Intel Announces Major Restructuring: 15,000 Jobs Cut in Bid to Save $10 Billion by 2025

Intel, the tech giant, has announced a significant restructuring plan that includes cutting 15,000 jobs. This move is part of a broader strategy to save $10 billion by 2025 and position the company for future growth.

2 Sources

Nvidia Shares Drop 2% in Frankfurt Amid Reports of US Probe

Nvidia's stock price falls in Frankfurt following media reports of a US investigation into the company's chip sales to China. The probe focuses on potential violations of export restrictions.

2 Sources

Honor Magic 6 Pro: Cutting-Edge Smartphone Launches in India with Advanced Camera and AI Features

Honor, the global smartphone brand, has launched its flagship device, the Honor Magic 6 Pro, in India. The smartphone boasts impressive features including a powerful processor, advanced camera system, and AI capabilities.

6 Sources

Devastating Cloudburst in Himachal Pradesh: Understanding the Phenomenon and Its Impact

A severe cloudburst in Himachal Pradesh has caused widespread destruction and loss of life. This article explores the nature of cloudbursts, their causes, and the specific events that unfolded in the region.

2 Sources

Electronics Manufacturing Sector: Mixed Signals Amid Inventory Challenges and Recovery Hopes

A comprehensive look at the current state of the electronics manufacturing sector, focusing on Bel Fuse Inc., Celestica, and Advanced Energy Industries. The analysis reveals varying performances and outlooks across these companies.

3 Sources

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