In a recently released quarterly report, tech behemoths Alphabet and Microsoft showed considerable profit upticks propelled by AI-powered cloud computing. Microsoft’s shares experienced a noticeable bump, rising by 3%, underscoring its dominating prowess in the cloud domain. Conversely, Alphabet, Google’s
On Thursday, Alphabet announced its first-ever dividend and $70 billion stock buyback, which ecstatic investors and shot the stock up almost 16% after the bell. Alphabet’s financial performance for the three months ended March 31 was impressive. Sales reached $67.6
Sheridan College will collaborate with Cloud DX on a project with Cloud XR, the company’s eXtended Reality business, to further develop the Clinic of the Future, an augmented reality (AR) platform. The partnership was made possible, according to the business,
Intel made its first statement on the metaverse on Tuesday — its first public acknowledgement of that sometimes-nebulous future of computing. Which promises an always connected virtual world that exists in parallel with our physical one. However, while Intel is
Amazon makes an additional $2.75 billion investment into Anthropic, further strengthening its ties with the AI firm in a race for dominance in the technology. The deal is one of the many investment partnerships between some big tech firms and
French startup Mistral AI released a new large language model (LLM) called ‘Mistral Large’, which is set to rival OpenAI’s GPT-4 and Claude 2 from Anthropic, it announced on Monday. The firm said the model “reaches top-tier reasoning capabilities” and
Big Tech’s investments in AI paid off in 2023, driving a 26% return in the S&P 500, with Apple, Microsoft, Meta, Amazon, Alphabet, and Nvidia as the highlights. Their Q4 earnings will reveal who’s profiting most from the AI boom,
The Chinese Ministry of Industry and Information (MIIT) has assembled a team from universities and leading tech firms in that country to set up standards to support the development of the metaverse industry. The team has been mandated to build,
In a year in which AI dominated virtually every economic sector, related cryptocurrency tokens soared in value as investors took positions in a technology that’s being viewed as the next big thing. The broader crypto market bounced back in November,
As we approach the end of 2023, the web3 ecosystem continues to evolve, marked by significant developments and emerging trends. One of the most prominent trends of 2023 has been the significant shift in the web3 gaming sector. Moving beyond
Major tech companies like Microsoft, Google, OpenAI, and others are racing to integrate multimodal AI to build smart glasses and other wearable devices with front-looking cameras. Multimodal AI is a powerful form of the technology that combines many sources of
According to a recent announcement, Amazon has unveiled its latest innovation, Amazon Q, an AI chatbot specifically designed for business use. This launch positions Amazon in direct competition with tech giants Google, Meta, and Microsoft, who have already made significant
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