Missouri Attorney General Andrew Bailey has filed a lawsuit against IBM, alleging that the tech giant has engaged in illegal practices related to racial and gender quotas in hiring and promotion. The lawsuit claims that IBM uses a “diversity modifier” that requires specific hiring quotas based on race, color, national origin, sex, or ancestry. Bailey … Read more
The tech industry has been experiencing a significant increase in job cuts, with over 98,000 employees being laid off from more than 330 companies worldwide in the first half of 2024, according to Layoffs.fyi. Prominent companies like Apple, Google, Microsoft, and Meta are among those implementing these layoffs. Economic uncertainties are impacting the technology sector … Read more
ByteDance, the parent company of TikTok, is reportedly collaborating with American chip designer Broadcom to develop a custom 5-nanometer application-specific integrated chip (ASIC) to ensure a stable supply of high-end chips amidst tensions between the United States and China. This collaboration, aimed at complying with US export restrictions, would see the manufacturing of the chip … Read more
Nvidia, a leading technology company, has seen significant success due to the increased use of Artificial Intelligence (AI) technology. While initially known for gaming GPUs, Nvidia has strategically positioned itself for the future by tapping into the demand for GPUs in AI tasks like training large models. Major companies such as Google, Microsoft, Amazon, and … Read more
The second half of 2024 holds significant promise for smartphone enthusiasts as top brands like Apple, Google, Samsung, and others prepare to unveil their latest flagship models. Anticipated phones set to debut include the Apple iPhone 16 series, Google Pixel 9 and Pixel 9 Pro, Samsung Galaxy Z Flip6 and Z Fold6, Motorola Razr and … Read more
Last week, NVIDIA briefly became the largest company in the world and the S&P 500 index, surpassing Microsoft in market capitalization due to the surge in artificial intelligence spending. This event raises concerns about whether big tech stocks, particularly NVIDIA, may be in an unsustainable bubble. The Magnificent 7, comprising companies like Microsoft, Meta Platforms, … Read more
The technology sector is seeing a three-way race between Microsoft, Apple, and NVIDIA in terms of market capitalization. While Microsoft briefly lost its title as the world’s largest company by market capitalization to Apple, NVIDIA has also surpassed both of them. All three companies currently have a market capitalization of around $3.2 trillion, making the … Read more
NVIDIA, Microsoft, and Apple are all poised for potential growth towards a market capitalization of $4 trillion. Each company has its own unique strengths and challenges in the AI space. NVIDIA has seen a surge in revenue due to high demand for its chips from big tech companies, but faces uncertainty in the long-term as … Read more
Artificial intelligence (AI) technology is driving market gains and increasing profits for companies investing in AI platforms. Among the key players in this field is chip designer Nvidia (NASDAQ: NVDA), whose GPUs power crucial AI tasks like training and inferring large language models. By investing in a variety of AI-related stocks, including those that use … Read more
Apple, Microsoft, and Nvidia have all taken turns as the world’s largest company by market capitalization in recent weeks. Currently, Microsoft holds the title. However, all three companies have a market capitalization of around $3.2 trillion, making their rankings subject to change. This is indicative of the high competition between tech giants in the current … Read more