For more than a decade, Apple was the stock market’s undisputed king. It first overtook Exxon Mobil Corp. as the world’s most valuable public company in 2011 and held the title almost without interruption. But a transfer of power has begun. On Friday, Microsoft surpassed Apple, claiming the crown after its market value surged by … Read more
Elon Musk’s net worth surged by nearly $94 billion in a year, while Gautam Adani, who was the world’s third richest person last year, saw his net worth fall by almost $35 billion in 2023 due to the fallout of the Hindenburg report. The Al-driven rally in tech stocks helped Mark Zuckerberg re-enter the top … Read more
Tesla Inc.’s massive valuation has put it among the biggest firms making up the backbone of the US stock market this year. It’s also the biggest underperformer in that group, and there are signs Wall Street’s excitement is fading. The EV behemoth stands out as the only one of the seven biggest companies in the … Read more
In a federal courtroom in Washington DC, Microsoft CEO Satya Nadella took the stand on Monday, testifying at an anti-trust trial against Google. The two tech giants, often seen as pillars of the Indian tech world, are now rivals in a heated battle. While Nadella never directly mentioned Sundar Pichai, Google‘s CEO, he didn’t hold … Read more
The model will be trained on up to four million digitised microscopy slides across multiple types of cancer, from Paige’s unmatched petabyte-scale archive of clinical data. Paige will utilise Microsoft’s advanced supercomputing infrastructure to train the technology at scale and ultimately deploy it to hospitals and laboratories across the globe using Azure. Source link
Warren Buffett‘s Berkshire Hathaway sold 70% of its investment in Activision Blizzard in the second quarter, appearing to miss out on some gains when a federal judge said Microsoft can complete its $68.7 billion purchase of the video game maker. In a regulatory filing on Monday, Berkshire said it owned about 14.7 million Activision shares, … Read more
Google‘s artificial intelligence-powered medical chatbot has achieved a passing grade on a tough US medical licensing exam, but it’s answers still fall short of those from human doctors, a peer-reviewed study said on Wednesday. Last year the release of ChatGPT — whose developer OpenAI is backed by Google’s rival Microsoft — kicked off a race … Read more
The US stock market is unusually top heavy. Just two stocks, Apple Inc. and Microsoft Corp., account for nearly 15% of the S&P 500 Index. Add smaller but still formidable giants Amazon.com Inc., Alphabet Inc. and Nvidia Corp., and that number climbs to 24%. That’s the highest concentration in the index‘s top five holdings since … Read more
Nvidia Corp breached the $1 trillion in market capitalization on Tuesday, making it the first chipmaker to join the trillion-dollar club. The gaming and AI chip company, whose shares rose 4.2% in early trading on Tuesday, was valued at $1 trillion. Taiwan Semiconductor Manufacturing Co Ltd is the next largest chipmaker globally, valued at about … Read more
New Delhi: Healthtech startup THB Friday said it has raised $20 million in a growth-stage and equity-based funding round led by Filter Capital and Edelweiss Discovery Fund Series-I. Other investors included Cornerstone Venture Partners Fund (CSVP) and Healthquad, the statement said. THB, which stands for technology, healthcare and big data analytics, said it will use … Read more