Amazon, a leader in e-commerce and cloud services, has experienced strong stock performance since its IPO in 1997. With its shares trading around $180 in June 2024 after a 20-for-1 split in 2022, some analysts believe it is fairly valued. Amazon’s growth opportunities include its expanding advertising business and investments in artificial intelligence. In the … Read more
IBM is looking towards a future where small language models will enhance the accessibility of artificial intelligence (AI) for organizations. AI and automation are transforming business processes and can lead to increased productivity, according to Paul Burton, IBM’s general manager for Asia-Pacific. The investment in AI systems in the region is expected to grow significantly … Read more
In a recent update from Mobile World Live, Amazon Web Services (AWS) announced a significant investment of almost €16 billion to expand its infrastructure in Spain. This move is aimed at boosting job creation, supporting local businesses, and stimulating the country’s economy. AWS has been steadily expanding its European data centers, with recent investments in … Read more
In a keynote address at IBM’s Think 2024 conference, IBM SVP and Director of Research Darío Gil highlighted significant advancements in artificial intelligence (AI) that are set to revolutionize how enterprises utilize technology. Emphasizing the importance of open source innovation, Gil urged businesses to adopt open strategies to maximize the potential of their AI systems. … Read more
Amazon’s stock (AMZN) has been performing exceptionally well this year, with a 22% increase, outpacing both the S&P 500 and Nasdaq 100. Despite any doubts, Amazon always seems to find new ways to innovate and generate revenue, particularly through its profitable Amazon Web Services (AWS) division. The company recently replaced the CEO of AWS to … Read more
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Pavan Davuluri, the new head of Windows at Microsoft, is leading the charge in announcing the company’s transition to Arm-powered chips and its Big AI-powered PC ambitions. With the potential to revolutionize how computers are used, Davuluri’s vision for Windows and Surface includes integrating AI features like Copilot Plus PCs to enhance user experiences. In … Read more
Nvidia’s market value reached $2.5 trillion after reporting robust earnings and announcing intentions to speed up the production of AI chips. This impressive milestone signifies the company’s growing influence in the technology sector. Nvidia’s commitment to advancing AI technology is reflected in its strategic focus on increasing chip production, which positions them as a key … Read more
The annual Doodle for Google contest invites students to create unique versions of the Google logo based on a specific theme, with three winners selected from the DC area. One of the winners, Maisie Derlega, shared how her family’s weekly tradition of Sunday dinners inspired her artwork submission for the contest. The tradition, which started … Read more
Snowflake CEO Sridhar Ramaswamy spoke about the partnership between his company and Nvidia in an interview with CNBC’s Jim Cramer. The collaboration between the two companies involves leveraging artificial intelligence technology. Article Source https://www.cnbc.com/2024/05/22/snowflake-ceo-talks-collaboration-with-nvidia-theres-a-lot-to-come.html
Nvidia thrived in its latest earnings season, surpassing revenue and earnings expectations. CEO Jensen Huang’s optimistic outlook and robust revenue guidance highlighted the significance of AI chips in transforming data centers. Revenue for the first quarter of fiscal 2025 surged 262% year over year to $26.04 billion, surpassing analyst forecasts. Adjusted earnings per share also … Read more