Tag Archives: Business News

According to Goldman Sachs, the spike in AI stocks is here to stay, and reflects the beginning of a new tech wave, not a bubble. Global investment banking and financial services firm Goldman Sachs (NYSE: GS) has stated that the current explosion in artificial intelligence (AI) adoption is not a bubble. Despite worries that the spike in AI interest and related tech stocks might be weak, Goldman Sachs states that the popularity of these stocks is more of a revolution than a bubble. Some...

OpenAI’s decision to open an office in Dublin places it among the growing list of US tech companies establishing a presence in the Irish capital.  OpenAI, one of the world’s foremost leaders in Artificial Intelligence (AI) research, has announced the opening of a new office in Dublin, marking its third office worldwide. With its headquarters in San Francisco and a London office opened just a few months prior, OpenAI’s decision to set up shop in Dublin underscores the company’s commitment...

Currently, Inditex has outlets in about 213 countries globally and only a low market share in many of them. Consequently, the company notes it has strong growth potential in many countries where it has an office. Fast fashion company Inditex has posted a net profit of $2.7 billion for the six months to July 31. The Zara owner posted its records on Wednesday, exceeding expectations with its 40% profit jump. Inditex sales rose 13.5% to 16.9 billion euros and a gross margin of 58.2%....

EY says that its new AI tool will help client and client users with the responsible adoption of AI, for strategy, tax, and other purposes. British multinational professional services giant EY has announced a new artificial intelligence (AI) tool to offer AI-powered services to its clients. The new tool, EY.ai, will help clients with responsible adoption of AI for various functions, including transactions, strategy, assurance, risk, and transformation. In a Wednesday press release, EY noted...

Alibaba’s development of AI offers significant benefits to the strength of the Chinese technology sector. By making Tongyi Qianwen accessible to the Chinese community, there is potential for widespread innovation if used correctly. Leading Chinese tech company Alibaba has made a significant announcement regarding the accessibility of its AI model Tongyi Qianwen to the public. This decision comes on the heels of what appears to be government approval from the Chinese authorities, allowing...

Although Bluesky crossed one million downloads a few months ago, not all users who downloaded the app had accounts as access is restricted. Social networking service Bluesky has now hit a million users. The app, which originally spun out of Twitter (now known as X), officially hit this milestone, according to a recent post. A strategy and operations personnel at Bluesky, Rose Wang made a post on X announcing the news. According to an image posted by Wang, Bluesky has 1,000,055 users....

This would be one of the biggest gatherings between US lawmakers and top tech personalities wherein they would be discussing the future of AI. Later today on Wednesday, September 13, more than 20 tech industry leaders are meeting behind closed doors with the US senators to look into how Congress can regulate artificial intelligence (AI). Top tech personalities such as Elon Musk, Mark Zuckerberg and Bill Gates are meeting. Expected attendees at the event include Senators Mike Rounds,...

Arm’s processors are already playing a significant role in AI workloads, particularly in smartphones. As investors eagerly await the Initial Public Offering (IPO) from Arm Holdings Ltd, the semiconductor industry is basking in the glow of the Artificial Intelligence (AI) boom, exemplified by Nvidia Corp (NASDAQ: NVDA) which has printed a staggering 200% rally this year.  However, a recent report from CNBC highlighted that Arm’s proposition differs significantly from Nvidia’s in terms of...

To encourage collaboration, TikTok Shop has introduced an affiliate program, allowing sellers to partner with creators on a commission basis to promote their products. TikTok has launched its long-anticipated e-commerce platform, TikTok Shop, in the United States, marking a significant milestone in the evolution of online shopping. With a user base of over 150 million in the country, the move aims to revolutionize how Americans shop online. The popular social media platform launched the...

Rather than backtracking trade activities after the fraud has occurred, the CFTC commissioner believes the focus should be on preventing them. A commissioner of the Commodity Futures Trading Commission (CFTC), Christy Goldsmith Romero has proposed several measures to improve investor protection. Romero made the proposal while speaking at the North American Securities Administrators Association’s annual meeting in California. According to the Federal Trade Commission, Americans reportedly...