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02 Aug 2024

Intel Announces Massive Layoffs: 15,000 Jobs to be Cut Amid Financial Struggles

Intel, the world's largest chipmaker, has unveiled plans to cut approximately 15,000 jobs globally. This decision comes as part of a cost-saving initiative following poor financial performance in 2024.

7 Sources

Wall Street Bullish on AI Stocks: Potential for Significant Growth

Wall Street analysts are optimistic about AI stocks, with predictions of substantial growth for companies like Super Micro Computer and C3.ai. These firms are positioned to benefit from the expanding AI market.

2 Sources

SEBI Introduces AI-Powered Template for Streamlined IPO Filing Process

The Securities and Exchange Board of India (SEBI) is set to revolutionize the IPO filing process with an AI-powered template. This innovative approach aims to simplify procedures, reduce processing time, and enhance transparency in the Indian capital markets.

5 Sources

Google Chrome Introduces AI-Powered Features to Enhance User Experience

Google Chrome is rolling out new AI-powered features for desktop users, including improved search capabilities for browsing history and tabs, as well as integration with Google Lens for image analysis.

4 Sources

MercadoLibre Reports Strong Q2 2024 Results with 40% Revenue Growth

MercadoLibre, the Latin American e-commerce giant, announced impressive Q2 2024 results, showcasing a 40% year-over-year increase in revenues. The company's performance highlights its continued dominance in the region's digital commerce and fintech sectors.

3 Sources

Ola's Foray into Mapping Technology Challenges Google's Dominance in India

Ola, the Indian ride-hailing giant, is set to launch its own mapping service, potentially disrupting Google's stronghold in the Indian digital mapping market. This move comes amid a broader trend of Indian tech companies developing indigenous mapping solutions.

2 Sources

Google's Earnings Impress, but AI Competition Looms

Google's parent company Alphabet reports strong Q4 earnings, showcasing resilience in digital advertising. However, the tech giant faces increasing competition in the AI space from Meta and Microsoft.

2 Sources

CBI Files First Charge Sheet in NEET-UG Paper Leak Case Against 13 Accused

The Central Bureau of Investigation (CBI) has filed its first charge sheet in the alleged National Eligibility cum Entrance Test (NEET-UG) paper leak case, naming 13 accused individuals. The case involves a sophisticated cheating racket that targeted the medical entrance exam.

3 Sources

Google Cloud Enhances Database and Analytics Tools with Generative AI Capabilities

Google Cloud has announced significant upgrades to its database and data analytics tools, incorporating generative AI capabilities. These enhancements aim to improve data management, analysis, and AI application development for businesses.

4 Sources

OnePlus Open Apex Edition: A New Milestone in Foldable Smartphones

OnePlus is set to launch the Apex Edition of its first foldable phone, the OnePlus Open, on August 7. This limited edition device boasts enhanced storage, a new color option, and AI-powered photo tools, marking a significant upgrade in the foldable smartphone market.

7 Sources

Tech Giants Face Significant Market Cap Drop in July Amid Earnings Concerns

Major technology companies experienced a substantial decline in market capitalization during July 2023, driven by concerns over earnings reports and economic uncertainties.

2 Sources

Mairs and Power Funds Q2 2024 Performance: Growth, Small Cap, and Balanced Funds Analysis

An overview of Mairs and Power's Growth, Small Cap, and Balanced Funds performance for Q2 2024, highlighting key trends, market impacts, and notable stock performances across different sectors.

3 Sources

Apple's Q3 2024 Earnings: AI Ambitions Amidst China Challenges

Apple reports better-than-expected Q3 2024 earnings, showcasing resilience in a challenging market. The tech giant emphasizes AI initiatives while grappling with declining sales in China.

8 Sources

Appian Stock Tumbles as KeyBanc Downgrades Amid Lowered Growth Forecast

Appian Corporation faces a significant stock decline following Q2 earnings report and KeyBanc's downgrade. The company's lowered growth forecast and challenges in the low-code market contribute to investor concerns.

3 Sources

Corning and Lumen Partner on Next-Gen Fiber Optic Cable for Data Centers

Corning and Lumen Technologies have announced a supply agreement for advanced fiber optic cable to support data center and network infrastructure. The deal aims to meet growing bandwidth demands and enhance connectivity.

2 Sources

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