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As the tech world eagerly anticipates Microsoft’s Build developer conference, the focus shifts to the company’s cutting-edge artificial intelligence projects. Unlike its competitors, Microsoft has a distinct advantage in the AI race due to its ownership of Windows, which boasts a massive PC userbase. CEO Satya Nadella’s bold proclamation that by 2024, AI will become
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Tesla, the electric-vehicle maker, has made the decision to let go of approximately 600 employees at its various manufacturing facilities and engineering offices spanning from Fremont to Palo Alto. This latest round of layoffs covers a wide range of positions, from entry-level roles to directors, across various departments, affecting factory workers, software developers, and robotics
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India has become a preferred destination for companies looking to launch initial public offerings (IPOs) due to its regulatory framework and market dynamics. Shailendra Singh, managing director at Peak XV Partners, previously Sequoia Capital India & Southeast Asia, emphasized the positive environment for companies listing in India, pointing out the efficiency of regulatory bodies such
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X has recently announced that its Grok AI chatbot will now be introduced in Europe, following an agreement with E.U. regulators. This expansion opens up new opportunities for X and its Premium subscribers in the region, with the rollout set to begin after the E.U. general elections. Reasoning Behind Postponing Launch The decision to delay
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Sony recently announced a 7% drop in annual profits for the fiscal year 2023, largely due to a decline in its financial services division. Despite the decline, the company managed to exceed revenue expectations with 3.5 trillion yen ($22.4 billion) versus the expected 2.89 trillion yen. This represents a 14% increase year-over-year, marking the first
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Semiconductor Manufacturing International Corporation (SMIC) recently issued a warning regarding the intense competition in the chip industry after its first-quarter profit fell below expectations. The company stated that competition in the industry has been increasingly fierce, with pricing for commodity products following market trends. Despite efforts to maintain a long-term view through constructing quality technology
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Reddit shares experienced a significant boost, surging by 14% in after-hours trading following the release of their quarterly results. Despite reporting a loss per share of $8.19, which was slightly lower than the $8.71 loss projected by LSEG, Reddit’s revenue exceeded expectations. The company reported revenue of $243 million, compared to the anticipated $212.8 million.
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Docusign recently made headlines with its acquisition of Lexion, an AI-powered agreement management software provider, for a whopping $165 million. This move is aimed at solidifying Docusign’s presence in the Intelligent Agreement Management (IAM) sector, which the company ventured into just last month. Despite the acquisition, Docusign has assured that Lexion’s products will remain available
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