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Apple has cancelled its plans to build an electric car after reports that it was struggling to create a self-driving vehicle...
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Apple Inc. is scrapping an ambitious, decade-long effort to develop an electric car with self-driving capabilities, according to reports Tuesday...
Continue ReadingZoom Video Communications Inc (NASDAQ: ZM) joined Big Tech players such as Microsoft Corporation (NASDAQ: MSFT) in riding the AI-hype wave. Despite intense and scary competition from Microsoft and Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL)-owned Google, Zoom managed to hold its ground as the industry finds itself in a period of transition as new AI-powered era continues to unfold. Zoom was a rewarded for its results with shares rising as much as 13% on Monday during extended trading. Fiscal Fourth Q...
Continue ReadingMeta Platforms stock is trading tightly in a buy zone. Microsoft stock is also sitting in a buy range as the AI stock eased from a high...
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Grocery store chain Kroger's bid to buy its close rival Albertsons has caused alarm in the U.S. West, where officials fear its potential dominance - controlling more than half the market in some states - will hurt consumers. But the biggest opposition comes from Western markets, who make up six of the eight states that joined a Federal Trade Commission lawsuit on Monday to stop the deal. While Kroger argues it needs the deal to take on big national rivals like Walmart and Amazon.com, in several Western states it will be by far the biggest player...
Continue ReadingOpenAI has asked a federal judge to dismiss parts of the New York Times' copyright lawsuit against it, arguing that the newspaper "hacked" its chatbot ChatGPT and other artificial-intelligence systems to generate misleading evidence for the case. So far, judges have dismissed some infringement claims over the output of generative AI systems based on a lack of evidence that AI-created content resembles copyrighted works...
Continue ReadingTesla stock opened higher for a second day, bringing it closer to recovering from a steep drop last month. The stock is close to making back a loss of 12% that came after the EV company released its fourth-quarter earnings without a clear forecast for unit sales volume for 2024...
Continue ReadingThe maker of the Roomba line of robot vacuum cleaners outlined more details of its painful restructuring plan Tuesday morning during a conference call to discuss its fourth-quarter results. The restructuring comes after the company and Amazon called off their merger deal last month due to resistance from regulators. This will allow iRobot to reduce R&D expenses and improve gross margins that totaled 22% for 2023— badly trailing those of consumer electronics peers Sonos, GoPro, Garmin and SharkNinja, which averaged 45% last year...
Continue ReadingThe famed tech journalist published a memoir, ‘Burn Book: A Tech Love Story,’ about her career covering the world’s most famous tech executives...
Continue ReadingThe top tech stocks, known as the Magnificent Seven - Amazon (AMZN), Apple (AAPL), Alphabet (GOOG,GOOGL), NVIDIA (NVDA), Meta (META), Microsoft (MSFT), and Tesla (TSLA) have all reported their latest quarterly results. Following the reports, analysts revised their earnings estimates for upcoming quarters. Yahoo Finance Markets Reporter Josh Schafer explains how the Wall Street's views on the Magnificent Seven may be evolving. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino...
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