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Salesforce experienced a substantial drop in its stock value, with shares tumbling 20% in one morning. This decline marks the worst trading day for the company in nearly two decades. The disappointing performance follows the release of Salesforce’s fiscal first-quarter results that fell short of Wall Street’s revenue estimates for the first time in fifteen
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PDD’s strategic value-for-money positioning has propelled its rapid growth in China’s competitive e-commerce market. The success of its Temu marketplace has solidified the company’s position as the most valuable player in the segment. With a market-cap surpassing that of industry giant Alibaba Group, PDD has demonstrated significant market dominance and investor confidence. Following the release
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SAP, a leading enterprise application software maker, has recently announced new AI-centric integrations with Amazon Web Services (AWS). The company is taking significant steps to deepen its partnership with AWS by leveraging AI technologies to enhance its offerings. One of the key integrations involves SAP’s AI Core platform, which now supports the Amazon Bedrock AI
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The AI industry is rapidly evolving, with new startups like xAI entering the scene and attracting significant funding. Founded by Elon Musk, xAI recently announced raising $6 billion in funding to bring its products to market and accelerate research and development in future technologies. xAI has already launched Grok, a chatbot available exclusively to X
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When it comes to generative AI, the landscape is constantly evolving. Initially, there was a widespread belief that hallucination within AI models was something to be eliminated entirely. However, this mindset has shifted over time. Now, there is a prevailing viewpoint that hallucination can actually be beneficial in certain contexts. Isa Fulford of OpenAI highlights
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Elon Musk recently made a passing comment on social media about X’s user base, stating that the platform now has 600 million monthly active users, with around 300 million daily actives. This claim has sparked speculation and discussion about the platform’s current growth trajectory. Just two months ago, X reported having 550 million monthly actives
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The Trump Media and Technology Group (TMTG), the owner of Truth Social, experienced a significant setback in the first quarter of 2024. The company revealed a staggering loss of over $300 million during this period, marking a stark difference from the modest net losses reported in the previous year. With only $770,500 in sales generated,
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In recent news, OpenAI, a prominent research organization focused on artificial intelligence, has confirmed the disbandment of its “superalignment team.” This team was tasked with preparing for the emergence of highly intelligent AI systems that could potentially outsmart their creators. With the departure of key researchers, including Ilya Sutskever, one of OpenAI’s cofounders and chief
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