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The most-talked-about stocks in the Reddit subforum Wallstreetbets were mixed hours before Wednesday...
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(Reuters) -Amazon will seek to reassure investors on Thursday that its cloud business, a critical driver of profits, is growing at a fast enough clip to offset any pullback in consumer spending that could throttle its retail operations. Amazon Web Services (AWS), the cloud unit that accounts for less than a fifth of the company's sales but typically about 60% of its profit, likely grew 17% in the April-June period. Amazon, like its rivals Alphabet and Microsoft, has invested heavily to increase capacity at its data centers to meet demand for its traditional cloud services as well as the surge in generative AI services...
Continue ReadingAlphabet's (GOOGL) YouTube said Wednesday it will use machine learning to estimate the age of users...
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(Reuters) -Long seen as the safest Big Tech bet, Apple is heading into Thursday's earnings with its business facing pressure from U.S. tariffs, tough competition in China and a high-stakes artificial intelligence race it has been late to enter. U.S. President Donald Trump has targeted the consumer electronics giant for its reliance on overseas manufacturing, threatening 25% tariffs on foreign-made iPhones. To limit the damage, Apple shifted production of U.S.-bound iPhones to India, further drawing Trump's ire...
Continue Reading(Bloomberg) -- In a sweltering cattle shed south of Seoul, flies dart across hundreds of cows sitting at the heart of a trade talks between the US and South Korea.Most Read from BloombergThe World’s Data Center Capital Has Residents SurroundedAn Abandoned Art-Deco Landmark in Buffalo Awaits RevivalBudapest’s Most Historic Site Gets a Controversial RebuildSan Francisco in Talks With Vanderbilt for Downtown CampusBoston’s Dumpsters Overflow as Trash-Strike Summer Drags OnLee Jongtae, 62, has raise...
Continue ReadingData breaches in Canada are becoming more costly and complex, with organizations paying an average of CA$6.98 million per breach in 2025, according to the latest IBM Cost of a Data Breach Report. This represents a 10.4% increase from CA$6.32 million in 2024, reflecting the growing financial impact of security incidents. Among the report's findings is the rise of unsanctioned AI– known as Shadow AI – which amplify risks, escalate costs, and expose sensitive consumer data. Often introduced by empl...
Continue ReadingIBM (NYSE: IBM) today released its Cost of a Data Breach Report, which revealed AI adoption is greatly outpacing AI security and governance. While the overall number of organizations experiencing an AI-related breach is a small representation of the researched population, this is the first time security, governance and access controls for AI have been studied in this report, which suggests AI is already an easy, high value target...
Continue ReadingMP surges on back-to-back boosts from the DoD and Apple, locking in contracts and investments to expand rare earth production...
Continue ReadingGoogle is evolving into a diversified tech powerhouse, with Gemini and the Google Cloud Platform driving enterprise adoption of next generation technology...
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