Tag: companies
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Gains in AI company stakes juice second-quarter earnings for S&P 500
NEW YORK, Aug 20 : S&P 500 companies are winding up a banner quarterly earnings season, fueled in large part by surging profits at AI-related companies.The S&P 500 is on track for a 52 per cent surge in aggregate second-quarter earnings from the year before, helped by a 74 per cent profit jump in the…
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Demand from US data-center boom radiates out through factory supply chains
Aug 19 : Generac is best known for making backyard generators that rumble to life after power failures.But artificial intelligence is its new frontier.The Waukesha, Wisconsin-based company is spending $250 million by the end of next year to equip multiple factories to make beefed-up versions of its gen
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Analysis:Big investors hunt for tomorrow’s AI winners as capex angst fades
MILAN, Aug 17 : The rally in AI-linked stocks that marked the latest earnings season has shifted the focus of the AI investment story from whether Big Tech’s spending spree will pay off to the kind of companies that will deliver returns over the longer term, investors say.Results Microsoft and Amazon reassure
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US securities regulator cancels meeting to vote on crypto rules
Aug 13 : The U.S. Securities and Exchange Commission on Thursday abruptly canceled a meeting scheduled for Friday on whether the agency should propose new crypto-related rules. In a statement, an SEC spokesperson said the meeting would be moved “due to an unforeseen scheduling issue.”The agency was set
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Why Japanese firms are being so slow to use AI
Japanese risk aversion and conservatism blamed for slow AI take-up by the country’s business sector.
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US court rules Meta, other tech firms must face thousands of lawsuits over social media addiction
Aug 10 : A U.S. appeals court on Monday allowed thousands of lawsuits to move forward against Meta Platforms, Alphabet’s Google, ByteDance’s TikTok and Snap Inc’s Snapchat over claims they designed their products to be addictive to young users.The San Francisco-based 9th U.S. Circuit Court of Appeals rejected
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US court rules Meta, other tech companies must face thousands of lawsuits over social media addiction
Aug 10 : A U.S. appeals court on Monday allowed thousands of lawsuits to move forward against Meta Platforms, Alphabet’s Google, ByteDance’s TikTok, and other social media companies over claims they designed their products to be addictive to young users.The San Francisco-based 9th U.S. Circuit Court of Appeal
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US appeals court allows thousands of lawsuits against social media companies over user addiction claims to proceed
Aug 10 : A U.S. appeals court on Monday allowed thousands of lawsuits to move forward against Meta Platforms, Alphabet’s Google, ByteDance’s TikTok, and other social media companies over claims they designed their products to be addictive to young users.The San Francisco-based 9th U.S. Circuit Court of Appeal
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Three in five Americans favor stronger oversight of social media companies, Reuters/Ipsos poll finds
WASHINGTON, Aug 9 : A bipartisan majority of Americans support more government rules for how social media companies conduct business, including a requirement of age-verification tools to keep younger children off social media, according to a Reuters/Ipsos poll. The poll, which was conducted over the six days
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Why AI Companies Are Destroying Millions of Books
AI companies are running out of training data for their models. So, they’re turning to old books – and destroying them in the process. Here’s what you need to know!
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