Technology

Elon Musk launches a new AI startup ‘xAI’

Elon Musk strikes again. On Wednesday, the billionaire launched an AI startup he’s calling xAI aimed at understanding “the true nature of the universe...

Shutterstock shares jump on expanded partnership with OpenAI

Shutterstock Inc (NYSE: SSTK) ended nearly 10% up on Tuesday after announcing a new six-year deal with the company behind ChatGPT. Details of the new...

Nvidia stock price forecast: Goldman Sachs sees potential for anothe...

Nvidia Corp (NASDAQ: NVDA) has nearly tripled this year already but a Goldman Sachs analyst still sees further upside ahead in this semiconductor behe...

Morgan Stanley says these cybersecurity stocks will benefit from A.I...

Artificial intelligence will likely be a long-term tailwind for the cybersecurity stocks, says Hamza Fodderwala – a Morgan Stanley analyst. Fodd...

Report: Apple has trimmed its production targets for the Vision Pro

Apple Inc (NASDAQ: AAPL) has materially lowered its production targets for the Vision Pro – its recently unveiled mixed reality headset, the fin...

Nasdaq 100 forecast: ‘something has to give’

Nasdaq 100 has been on a tear since the start of this year as investors continue to focus on tech stocks. Pro shares her view on the tech stocks Much...

Samsung to start mass producing 2-nm chips in 2025

Samsung Electronics Co Ltd (KRX: 005930) is in focus today after announcing plans of mass producing the world’s most advanced chips in 2025. Sam...

U.S. is considering new restrictions on export of A.I. chips to Chin...

U.S. is considering new restrictions on export of A.I. chips to China, the Wall Street Journal reported on Wednesday. Analyst reacts to the news Share...

Citi raises its price objective on Meta stock to a Street high

Meta Platforms Inc (NASDAQ: META) has already more than doubled year-to-date but a Citi analyst still dubs it the top pick in North American internet...

Unity announces AI marketplace: ‘I think A.I. will change gaming’

Shares of Unity Software Inc (NYSE: U) gained nearly 15% on Tuesday after the video game software company announced an AI marketplace. Unity expands i...

IBM is buying Apptio – its seventh acquisition in 2023

IBM (NYSE: IBM) just announced plans of buying Apptio – a Washington-based software company that will help advance its automation capabilities....

Ron Baron reveals how long it will take for Tesla stock to hit $500

Tesla Inc (NASDAQ: TSLA) has already gained nearly 140% this year but Ron Baron still sees the stock as incredibly attractive for the long-term invest...

Accenture Q3 earnings: ‘gen AI will go faster than cloud’

Accenture Plc (NYSE: ACN) is down nearly 3.0% on Thursday even though it reported market-beating results for its third financial quarter. Why is Accen...

Tesla stock hit with a downgrade from its longtime bull Adam Jonas

Shares of Tesla Inc (NASDAQ: TSLA) may finally be running out of steam now at least for the near term, says Adam Jonas – a senior Morgan Stanley analy...

Adobe stock could push higher on artificial intelligence: Wells Farg...

Adobe Inc (NASDAQ: ADBE) will continue to benefit as investors remain fixated on artificial intelligence, says Michael Turrin – a Wells Fargo an...

Amazon stock has a 20% upside to $150: Jefferies analyst predicts

Amazon (NASDAQ: NASDAQ) stock has more upside, even after rising by more than 55% this year. In a note, an analyst at Jefferies said that the company...

Interesting AI statistics and trends in 2023

Artificial intelligence (AI) technology is causing shockwaves around the world for the rate at which companies and startups are adopting it. Going by...

Morgan Stanley dubs Baidu stock the ‘best AI play in China’

Baidu Inc (NASDAQ: BIDU) will benefit as investors continue to chase the rapid growth in artificial intelligence, said a Morgan Stanley analyst in his...

U.K. regulator clears Amazon’s $1.7 billion acquisition of iRobot

Amazon.com Inc (NASDAQ: AMZN) secured approval from the British regulator to buy iRobot Corporation (NASDAQ: IRBT) for $1.7 billion on Friday. Shares...

AMD unveils new A.I. chip to rival Nvidia

Advanced Micro Devices Inc (NASDAQ: AMD) just revealed a new high-end graphics processing unit to rival Nvidia Corp (NASDAQ: NVDA) in serving A.I. hea...