AI startup Anthropic, backed by hundreds of millions in venture capital (and perhaps soon hundreds of millions more), today announced the latest version of its GenAI tech, Claude. And the company claims that it rivals OpenAI's GPT-4 in terms of performance. Claude 3, as Anthropic's new GenAI is called, is a family of models -- Claude 3 Haiku, Claude 3 Sonnet, and Claude 3 Opus, Opus being the most powerful. All show "increased capabilities" in analysis and forecasting, Anthropic claims, as well...
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Continue ReadingApple shares are in the red this year, so Wall Street is chattering about why that is and what might change it. The latest blow came Monday, when the European Commission said it was fining Apple nearly $2 billion over what it called “abusive App Store rules” for music-streaming providers. Apple said it would appeal the decision, which it said came even though the commission didn’t identify credible evidence that consumers were harmed...
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Continue ReadingOn Tuesday, eBay Inc (NASDAQ: EBAY) topped market expectations with its fourth quarter performance. Last month, the online marketplace slashed about 1,000 jobs which adds up to about 9% of its workforce as the industry braces for an uncertain macroeconomic outlook. Even its rival e-commerce giant Amazon.com Inc (NASDAQ: AMZN) wasn’t immune to the layoffs wave. At the beginning of February, Amazon confirmed more layoffs across its Amazon Pharmacy and One Medical segments after initiating job cuts...
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Continue ReadingApple has been fined €1.84bn (£1.6bn) by the European Union for raising the cost of music streaming by imposing illegal restrictions on apps such as Spotify...
Continue ReadingThe Dow Jones fell as Apple tumbled amid an EU fine. A trio of Warren Buffett stocks are near entries. Nvidia rose while Tesla got hammered...
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