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05 Oct 2024

Wall Street Favors Amazon as Top AI Stock in S&P 500, Outpacing Nvidia and Microsoft

Amazon emerges as Wall Street's favorite AI stock in the S&P 500, with analysts highlighting its strong position in e-commerce, cloud computing, and advertising. The company's AI initiatives across its business segments are driving growth and efficiency.

2 Sources

Amazon Scales Back Cashierless Go Stores, Shifts Focus in AI-Powered Retail Strategy

Amazon closes three more cashierless Go stores in New York, reducing its total to 17 nationwide, as it reevaluates its AI-powered "Just Walk Out" technology implementation in physical retail spaces.

2 Sources

Google Expands Gemini AI Capabilities in India: Data Sovereignty and Multilingual Support

Google announces plans to enhance Gemini AI services in India, focusing on data sovereignty for businesses and multilingual support for individual users.

2 Sources

ZenaTech Bolsters Leadership Team with Key Appointments in AI and Drone Technology

ZenaTech, a company specializing in AI drone solutions and enterprise SaaS, announces significant leadership changes including a new CTO and VP of Corporate Development, signaling a strategic move to strengthen its position in the AI and drone technology sector.

4 Sources

Apple Leverages Developer Ecosystem to Gain Edge in AI Race with Apple Intelligence

Apple is entering the AI race with Apple Intelligence, relying on its vast developer network to create a unique advantage in the competitive landscape of AI assistants.

2 Sources

Meta Unveils AI-Powered Video Generation Tool with Zuckerberg's Quirky Demonstration

Meta announces MovieGen, an AI model for video creation and editing, showcased by Mark Zuckerberg in an unusual Instagram video featuring him leg-pressing chicken nuggets.

2 Sources

AI Startups Secure Billions in Funding Amid Investor Enthusiasm in 2024

OpenAI's recent $6.6 billion funding round at a $157 billion valuation highlights the growing investor frenzy surrounding AI startups. The trend, sparked by ChatGPT's launch in late 2022, has led to numerous AI companies attracting significant investments.

2 Sources

AMD Unveils MI325X AI Chip to Challenge Nvidia's Dominance

AMD announces its new MI325X AI accelerator chip, set to enter mass production in Q4 2024, aiming to compete with Nvidia's upcoming Blackwell architecture in the rapidly growing AI chip market.

25 Sources

AI Innovations in Consumer Tech: Google's Chromebook Plus and Microsoft's Copilot Lead the Way

Google and Microsoft introduce significant AI upgrades to consumer devices, with Google's Chromebook Plus and Microsoft's Copilot Voice and Daily features standing out in ZDNET's Innovation Index.

2 Sources

Meta's Stock Soars on AI Innovations and Strong Financial Performance

Meta Platforms' stock reaches new highs, driven by AI investments and strong ad revenue, as analysts raise price targets ahead of Q3 earnings.

3 Sources

AI Emerges as a Solution to Cybersecurity Alert Fatigue, Study Finds

A new study reveals that cybersecurity professionals are overwhelmed by ineffective alerts and are turning to AI for more efficient threat detection and response.

2 Sources

TSMC and Amkor Collaborate to Bring Advanced AI Chip Packaging to the U.S.

TSMC and Amkor have signed an agreement to introduce TSMC's advanced packaging technologies, CoWoS and InFO, to the United States, enhancing AI and HPC chip production capabilities.

2 Sources

04 Oct 2024

Iris Energy Reports Strong Growth in Bitcoin Mining and AI Services

Iris Energy (IREN) showcases significant growth in Bitcoin mining revenue and strategic expansion in AI cloud services, with plans to increase mining capacity and GPU investments for AI applications.

2 Sources

Quarterhill Forms Technical Advisory Committee to Boost AI and ITS Capabilities

Quarterhill Inc., a leader in Intelligent Transportation Systems, announces the formation of a Technical Advisory Committee with two initial members to guide its AI and machine learning initiatives in tolling and enforcement solutions.

2 Sources

Meta Unveils Movie Gen: A Groundbreaking AI Video and Audio Creation Tool

Meta introduces Movie Gen, an advanced AI model capable of generating and editing high-quality videos and audio from text prompts, potentially revolutionizing content creation for businesses and individuals.

46 Sources

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