NVIDIA Soars to $3.28 Trillion: AI Drives Massive Growth for the ChipmakerNVIDIA's market cap is projected to surge to $3.28 trillion by 2024, driven by AI demand, positioning it as the second most valuable company.
Microsoft Rejects Bitcoin Proposal, Sending Shockwaves Through Crypto MarketMicrosoft shareholders rejected a Bitcoin proposal, causing market volatility and a decline in both Bitcoin and Microsoft's stock prices.
Microsoft Shareholders Push for Bitcoin: Could Tech Giant Join Crypto Craze?Microsoft's board opposes a Bitcoin investment proposal at the upcoming shareholders meeting, citing volatility and stability concerns.
Apple and NVIDIA Eye Massive Investment in OpenAI—What This Means for AI’s FutureApple and NVIDIA are exploring significant investments in OpenAI, with Thrive Capital leading a $1 billion funding round.
Is the U.S. Losing the Chip War? China’s Sneaky Tactics ExposedDespite U.S. export restrictions, AI semiconductors are reportedly smuggled into China and sold in electronics markets.
How Microsoft and Google Are Helping China Bypass U.S. Chip Export ControlsReports have emerged that Microsoft and Google have provided Nvidia AI chips to Chinese companies through their overseas data centers.
EU Cracks Down on Meta: Social Media Giant Risks $13.4 Billion FineThe European Union (EU) has concluded that Meta Platforms has violated the Digital Markets Act (DMA). If the preliminary conclusion is confirmed, Meta could face a fine of up to 10% of its annual revenue, amounting to $13.4 billion. This marks an expansion of the EU’s anti-competition sanctions against big tech companies in the U.S., […]
Microsoft in Hot Water: EU Challenges Teams App Sales StrategyThe European Union (EU) has reached a preliminary conclusion that Microsoft’s practice of bundling its video conferencing app, Teams, constitutes a violation of antitrust laws. The EU announced the results of an investigation stating that Apple also violated the EU’s tech company regulation law, the Digital Market Act (DMA), showing a tough stance against American […]
How Nvidia Became the Leader of the AI EraOn June 18, Nvidia, a leading Artificial Intelligence (AI) stock, overtook both Microsoft Corporation (MS) and Apple to become the world’s largest company by market capitalization. Analysts interpret this as a signal that the AI era has officially arrived, as Nvidia has now overtaken Apple, which opened the smartphone era, Google, and MS, a leader in […]
Apple Reigns Supreme: Back at #1 in Market Cap After Latest AI AnnouncementAccording to Reuters, Apple has surpassed Microsoft Corporation (MS) to become the most valuable company in market capitalization as the trading closed on June 13. Apple’s market capitalization has exceeded that of Microsoft Corporation (MS), taking the top spot. This comes after Apple’s stock price rose by 8.8% over four trading days following the announcement […]
Microsoft's $3.2 Billion Nordic Bet: AI and Cloud Expansion Across ScandinaviaMicrosoft has been working to promote the adoption of AI not just in Sweden but across all of Northern Europe.
Tech Stocks Rally: Nvidia and Microsoft at the ForefrontThe New York Stock Exchange closed higher on the 21st (local time). The stock market’s rise was driven by anticipation of Nvidia’s earnings announcement, ahead of the release of the minutes from last month’s Federal Open Market Committee (FOMC) meeting of the Federal Reserve (Fed). At the NYSE, the Dow Jones Industrial Average closed at […]
Microsoft Offers Global Opportunities to Chinese Staff as US-China Relations TightenMicrosoft Corporation’s China headquarters is encouraging its employees to consider overseas assignments. Microsoft announced on the 16th (local time) that it is asking some of its China-based employees to consider overseas assignments as tensions between the US and China continue to escalate due to AI and semiconductor technologies. According to the Wall Street Journal, Microsoft […]
Melinda Gates Leaves Gates Foundation, Pledges $12.5 Billion to Women's RightsMelinda French Gates, the ex-wife of Microsoft Corporation founder Bill Gates and co-chair of the world's largest charitable foundation...
Amazon's AI Investment Pays Off with Record ProfitsAmazon’s first-quarter results exceeded market expectations. Amazon’s first quarter revenues in 2024 amounted to $143.3 billion, a 12.5% increase from the previous year, surpassing the consensus by 0.5%. Operating profit soared 220.6% to $15.3 billion, beating the consensus by 35.9%. Earnings Per Share (EPS) exceeded expectations by 16.4% at $0.98. The rise in profitability of […]
U.S. House of Representatives Bans Use of Microsoft's AI CopilotReuters reported on the 30th (local time) that the U.S. House of Representatives has strictly prohibited congressional staff from using Microsoft’s Copilot AI assistant. Catherine Szpindor, the chief administrative officer of the U.S. House of Representatives, said, “The Microsoft Copilot application has been deemed dangerous by the Cyber Security Bureau due to the threat of […]
How Did Nvidia Become an AI Chip Powerhouse?Nvidia, a U.S. semiconductor company, is a primary beneficiary of the AI boom. Since early last year, its stock price has surged by about 450%, and its market capitalization has exceeded $2 trillion. Nvidia has now established itself as the third highest-valued company in the U.S., following Microsoft and Apple. Nvidia’s growth is steep. Its […]
Microsoft Recruits DeepMind Co-Founder to Head AI DivisionMicrosoft (MS) announced on the 19th (local time) that it has recruited Mustafa Suleyman, co-founder of the artificial intelligence (AI) company DeepMind and also the founder and CEO of another AI startup, Inflation AI, to head its AI business. According to MS’s disclosure, CEO Satya Nadella informed the employees on the same day that “Suleyman […]
Elon Musk vs. OpenAI: Lawsuit Unveils Clash Over Mission ShiftIs Elon Musk upset about the success of OpenAI, in which he invested? Foreign media such as Fortune and CNBC reported on the status and prospects of the lawsuit between Elon Musk and OpenAI on the 6th. Last week, Musk, the CEO of Tesla, SpaceX, X (formerly Twitter), and xAI sued Sam Altman and Greg […]
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