advancing issues
Wall Street climbs, lifted by Uber, Lyft and Nvidia
Nvidia briefly displaced Alphabet as the U.S. stock market’s third most valuable company.
Alphabet
AI frenzy puts Nvidia briefly ahead of Amazon in market value
Nvidia briefly surpassed Amazon.com Inc in market capitalization on Monday.
Advanced Micro Devices
Exclusive: Nvidia chases $30 billion custom chip market with new unit -sources
Nvidia is building a new business unit focused on designing bespoke chips for cloud computing firms and others.
ad dollars
Pinterest slides as smaller players battle for share of ad market
Pinterest dropped over 10% in a sign that smaller social media platforms could be losing the battle to bigger players for ad dollars.
Alphabet
Wall Street ends down as US retail sales data crimps rate cut bets
Stocks finished lower after upbeat December U.S. retail sales data eroded expectations the Federal Reserve will kick off its rate-cut campaign as early as March.
Abril Elfi
Google Lays Off Hundreds Including Engineer Teams
Google has laid off hundreds of employees working on its hardware, engineering and voice-assistant teams due to cost-cutting measures.
accusations
Google faces multibillion-dollar US patent trial over AI technology
Google is set to go before a federal jury in Boston on Tuesday over accusations that its processors infringe a computer scientist’s patents.
$1 billion revenue
Generative AI’s wild 2023
ChatGPT was well on its way to becoming a household name even before 2023 kicked off.
Alphabet
Wall Street tumbles to sharply lower close as abrupt sell-off snaps rally
U.S. stocks closed lower on Wednesday after an abrupt mid-afternoon nosedive ended Wall Street’s impressive rally.
Alphabet
Google to pay $700 mln to US consumers, states in Play store settlement
Google will pay $700 million and revamp its Play app store to allow for greater competition as part of an antitrust settlement with U.S. states and consumers.