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15 Dec 2024

Blue Whale Growth Fund Reduces Tech Stock Holdings, Citing AI Investment Concerns

Peter Hargreaves' Blue Whale Growth Fund has significantly reduced its stakes in major US tech companies, particularly Microsoft and Meta, due to concerns over high AI investment costs and uncertain returns. The fund maintains a strong position in Nvidia while shifting focus to hardware-centric companies.

3 Sources

AI Web Crawlers Pose New Challenges for Companies and Content Providers

Companies are increasingly blocking AI web crawlers due to performance issues, security threats, and content guideline violations. These new AI-powered bots are more aggressive and intelligent than traditional search engine crawlers, raising concerns about data scraping practices and their impact on websites.

2 Sources

Marvell Technology Emerges as a Key Player in AI Infrastructure Market

Marvell Technology is gaining prominence in the AI industry with its critical infrastructure components, positioning itself as a potential rival to established giants like Nvidia in the evolving AI landscape.

3 Sources

Elon Musk's xAI Launches Free Access to Upgraded Grok-2 AI Chatbot for All X Users

Elon Musk's AI company xAI has announced free access to its improved Grok-2 chatbot for all X users, featuring enhanced speed, accuracy, and new capabilities including image generation.

4 Sources

Google's AI Resurgence: Innovations and Challenges in the Evolving AI Landscape

Google showcases AI advancements, including Gemini 2.0 and new hardware, while industry experts debate the future of AI progress amid data scarcity concerns.

8 Sources

Klarna CEO Claims AI Can Replace All Jobs, Halts Human Hiring

Klarna's CEO Sebastian Siemiatkowski announces a hiring freeze, citing AI's ability to perform all tasks. The company's workforce has shrunk by 22% in a year, raising questions about AI's impact on employment.

4 Sources

14 Dec 2024

iOS 18.2 Update: New Features and Enhancements for iPhone Users

Apple's latest iOS 18.2 update introduces a range of new features and improvements, including AI-powered tools, customization options, and quality-of-life enhancements for iPhone users.

16 Sources

Meta Joins Musk in Opposition to OpenAI's For-Profit Transition

Meta Platforms aligns with Elon Musk to challenge OpenAI's planned transition to a for-profit status, citing concerns over precedent-setting and unfair advantages in the AI industry.

9 Sources

Lightchain AI: The Rising Star in Blockchain-AI Integration Sparks Investor Interest

Lightchain AI, a new cryptocurrency project integrating blockchain and AI, is gaining attention from investors and analysts. Currently priced at $0.003 during its presale, the project promises innovative features like Proof of Intelligence consensus and an AI-focused virtual machine.

17 Sources

Oracle's AI-Driven Cloud Infrastructure Surge Positions It for Potential $1 Trillion Valuation

Oracle's rapid growth in AI-focused cloud infrastructure and data center expansion could propel it to join the trillion-dollar club, driven by increasing demand for AI development resources.

2 Sources

Big Oil Giants Exxon and Chevron Enter AI Data Center Power Race

Exxon Mobil and Chevron are venturing into powering AI data centers with natural gas plants, aiming to meet the growing energy demands of tech companies while implementing carbon capture technology.

2 Sources

Databricks Secures Massive $10B Funding Round Amid AI Boom

Databricks raises $10 billion at a $62 billion valuation, highlighting the continued surge in AI investments. The news comes alongside other significant AI funding rounds and technological advancements in the industry.

3 Sources

Alpha Modus, AI-Focused Retail Tech Company, Goes Public via SPAC Merger

Alpha Modus, a technology company specializing in AI for retail, has completed its business combination with Insight Acquisition Corp. The company is set to begin trading on Nasdaq under the ticker "AMOD" on December 16, 2024.

2 Sources

AI Giants Dominate Tech Landscape: Nvidia, AMD, and Others Poised for Growth in 2025

As the AI revolution continues to reshape the tech industry, companies like Nvidia, AMD, Amazon, and others are positioning themselves for significant growth in 2025, driven by advancements in AI hardware, cloud computing, and data center expansion.

19 Sources

Cohere Launches Command R7B: A Compact, Powerful AI Model for Enterprise Applications

Cohere introduces Command R7B, the smallest model in its R series, designed for enterprise use with a focus on efficiency, performance, and versatility across multiple languages and tasks.

2 Sources

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