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Per a regulatory filing, Bumble expects the cuts to generate up to $40 million in annual savings. Chief Executive Whitney Wolfe Herd —who returned to the company in March—told employees in a letter Wednesday that she hopes the cuts make the company “more agile.”...
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Investing.com -- OpenAI has started using Google’s (NASDAQ:GOOGL) artificial intelligence chips to help power ChatGPT and related services, marking its first significant shift away from exclusive reliance on Nvidia (NASDAQ:NVDA) hardware, according to a report by The Information. The move is part of a broader strategy by the AI company to reduce its dependence on Microsoft(NASDAQ:MSFT)-managed infrastructure...
Continue ReadingNike’s fiscal fourth-quarter earnings fall sharply from a year earlier but the stock rises following the athletic apparel company’s first-quarter revenue forecast...
Continue ReadingThe S&P 500 Index ($SPX ) (SPY ) Friday closed up +0.52%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +1.00%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.39%. September E-mini S&P futures (ESU25 ) are up +0.42%, and September E-mini Nasdaq futures.....
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(Bloomberg) -- Tesla Inc. Chief Executive Officer Elon Musk said a Tesla Model Y SUV drove itself from the company’s factory near Austin to a customer’s home in the company’s latest move to showcase its push into autonomous driving. In a post on X, Musk announced the company had made an autonomous delivery of a Tesla Model Y from factory to a customer’s home, noting the delivery was made “across town,” and included highways. Musk said the delivery did not include anyone in the car and no remote...
Continue ReadingApple’s Siri digital assistant scored a failing grade against AI chatbot ChatGPT. Meanwhile, Apple stock is in a slump...
Continue ReadingRobotics and sovereign AI are powering Nvidia's stock into the summer...
Continue ReadingTesla CEO Elon Musk said on Friday that the first fully autonomous delivery of Model Y from the factory to a customer's home across town was completed a day ahead of schedule...
Continue Reading(Bloomberg) -- President Donald Trump said he was ending all trade discussions with Canada in retaliation for the country’s digital services tax, and threatened to impose a fresh tariff rate within the next week.Most Read from BloombergPhiladelphia Transit System Votes to Cut Service by 45%, Hike FaresUS Renters Face Storm of Rising CostsSqueezed by Crowds, the Roads of Central Park Are Being ReimaginedMapping the Architectural History of New York’s ChinatownSprawl Is Still Not the Answer“Based...
Continue ReadingMicrosoft closed at $486; IBM rose to $289.18--both hitting all-time highs...
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