AI
Nvidia eclipses Microsoft as world’s most valuable company
Nvidia dethroned tech heavyweight Microsoft as its high-end processors play a central role in a scramble to dominate AI technology.
10-year Treasury note
Wall St edges up as Tesla and Apple gain; Fed decision awaited
Wall Street’s main indexes crept higher in volatile trading on Monday as shares of Tesla and Apple advanced.
Alphabet
Wall St gains after Friday sell-off, Mideast tensions subside
Some megacap growth stocks edged higher in early trading, with Meta Platforms, Amazon.com and Apple up between 0.6% and 1.5%.
Advanced Micro Devices
Wall St slips after big bank earnings
Wall Street’s main stock indexes as some big banks dipped after reporting dour quarterly results and most megacap growth stocks and chipmakers receded.
acquisition
Yahoo acquires Instagram co-founders’ AI news platform Artifact
The deal signals continued pain for media start-ups struggling to grow revenue at a time when Big Tech giants Alphabet and Meta.
$5 billion fine
Meta cannot delay US FTC from reopening privacy probe, court says
Meta cannot delay the FTC from reopening a probe into alleged privacy failures by its Facebook unit.
AI
New AI benchmark tests speed of responses to user queries
MLCommons released a fresh set of tests and results that rate the speed at which top-of-the-line hardware can run AI applications and respond to users.
AI
Reddit shares soar 38% in market debut
Reddit’s shares jumped in their debut, signaling that investor appetite for IPOs of promising yet loss-making companies could be returning.
AirTags
Apple accused of monopolizing smartphone markets in US antitrust lawsuit
The U.S. Department of Justice and 15 states sued Apple, alleging it drove up prices for its services and hurt smaller rivals.
accuracy
Google restricts AI chatbot Gemini from answering queries on global elections
Google looks to restrict Gemini to avoid potential missteps in the deployment of the technology.