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Monthly Archives: August 2024
Apple is spending more on AI, but remains far behind its Silicon Valley peers
Investors are focused on how much mega-cap tech companies are spending on their AI buildouts. Apple is in a category of its own.
Amazon says distraction of Olympics, Trump assassination attempt contributed to weak forecast
Amazon CFO Brian Olsavsky told reporters after the company’s earnings reports that “we do see different traffic patterns during those events.”
Intel Will Cut More Than 15,000 Jobs
The Silicon Valley chip maker also reported a net loss and declining revenue in the latest quarter.
Amazon Cautions That When the News Gets Nutty, People Shop Less
The e-commerce giant reported a profitable second quarter, but warned that the third quarter will be harder to predict.
Sales of Macs and iPads Lead Apple’s Quarterly Revenue Up 5%
While iPhone sales dropped 1 percent, consumer interest in Apple’s flagship product is expected to pick up later this year.
Government shelves £1.3bn UK tech and AI plans
The BBC has learned the new Labour government has shelved £1.3bn of funding for tech and AI projects.
Apple sales rebound as AI bets scramble markets
Apple sales returned to growth, but Intel reported a sales slump and announced sweeping job cuts.
Intel Is Cutting More Than 15,000 Jobs Despite Getting Billions From the US Government
The chipmaker, which has fallen behind competitors, is slashing 15 percent of its workforce.
AI music startup Suno claims training model on copyrighted music is ‘fair use’
Following the recent lawsuit filed by the Recording Industry Association of America (RIAA) against music generation startups Udio and Suno, Suno admitted in a court filing on Thursday that it did, in fact, train its AI model using copyrighted songs. But it … Continue reading
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iPad sales help bail out Apple amid a continued iPhone slide
In spite of a drop for the quarter, iPhone remained Apple’s most important category by a wide margin. © 2024 TechCrunch. All rights reserved. For personal use only.
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