Anthropic, an OpenAI rival, announced $450 million in new funding, the second-largest financing round this year for an artificial intelligence startup...
Continue ReadingCathie Wood doesn't think so. Several technology industry observers have expressed concerns that Google's longtime dominance in search could be threatened by the launch of OpenAI's generative AI application...
Continue ReadingThe Alliance for Open Media (AOM), whose members include Alphabet unit Google, Amazon, Apple and Meta, on Tuesday dodged a possible fine after EU antitrust regulators closed an investigation into its video licensing policy. The European Commission, which acts as the competition enforcer for the 27-country bloc, had been investigating alleged anti-competitive behaviour related to the licence terms of AOM's new standard software for streaming called AV1 since last year. "The Commission will continue to monitor competition-related issues regarding standard essential patents with a substantial impact in the EU market."...
Continue ReadingThis AI growth stock could soar when economic conditions improve and the next bull market roars to life...
Continue ReadingPortfolio activity slowed somewhat during the quarter as equity prices advanced. Click here to read the full fund letter...
Continue ReadingAkre Capital Managementâs 13F portfolio value increased from $11.06B to $11.37B this quarter. Click here to read the portfolio's full Q1 2023 update...
Continue ReadingGoogle and Metaâs AI potential are mispriced. Click here for a full investment analysis...
Continue ReadingBusinesses face proposals on abortion, guns and climate change as groups with various viewpoints strive to get their agendas heard at this year’s annual meetings...
Continue ReadingThis year, generative AI has captured the world’s imagination. Meanwhile, more and more start-ups and organisations are bringing AI-powered products and technologies to market faster than ever. AI is the most profound technology humanity is working on today; it will touch every industry and aspect of life...
Continue ReadingAmazon.Com, Inc (NASDAQ: AMZN) stock is trading lower Monday amid reports of Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) YouTube proposing to undercut Amazon's streaming service charges by up to 10 bps. YouTube follows similar moves by Apple Inc (NASDAQ: AAPL) and Roku, Inc (NASDAQ: ROKU) to compete with Amazon, the Information reports. Simultaneously, Amazon trailed behind Walmart Inc (NYSE: WMT) in India's battle for online consumers. As per Redseer, Walmart-owned Flipkart has grown more quick...
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