Apple
Wall St mixed as tech stocks attempt recovery, financials drag
Wall Street’s main indexes were mixed on Wednesday, with technology stocks attempting to find a floor after recent selloff.
AI
Nvidia short sellers make $5 billion from three-day selloff, data shows
Nvidia short sellers have raked in nearly $5 billion in paper profits from the AI chip designer’s sharp selloff over the past three sessions.
andrew bates
New Biden Official’s Resurfaced Posts Express Anti-Israel Sentiments, Dislike Of Police And ICE
A new Biden administration official has been criticized for past social media posts that compared police to “slave patrols,” as well as posts that voiced anti-Israel sentiments and condemnation towards U.S. Immigration and Customs Enforcement.
AI-powered features
Apple charged with breaching EU tech rules, faces another probe
EU antitrust regulators charged on Monday that Apple breached the bloc’s tech rules, a charge that could result in a hefty fine for the iPhone maker.
$165000
Over Half A Million Portable Chargers At Costco Recalled After 2 Homes Catch On Fire
A recall has been issued for more than 500,000 chargers for portable electronic devices that are only available at Costco due to reported concerns regarding how they can overheat and even catch fire.
American users
DOJ Prepares To File Lawsuit Against TikTok, Citing ‘Children’s Privacy Violations’
On behalf of the Federal Trade Commission (FTC), the U.S. Department of Justice is getting ready to bring a consumer protection lawsuit against ByteDance’s TikTok app later this year, Bloomberg News reported on Thursday.
AI
Exclusive: Amazon mulls $5 to $10 monthly price tag for unprofitable Alexa service, AI revamp
Amazon is planning a major revamp of its decade-old money-losing Alexa service to include a conversational generative AI with two tiers of service.
Accenture
S&P 500 notches record high as Nvidia rally continues
The benchmark S&P 500 touched a record high on Thursday, boosted by strong gains in Nvidia.
Airbus
GE Aerospace developing hybrid engines for single-aisle jets
GE Aerospace is developing a hybrid electric engine in hopes it will power next-generation narrow-body jets by the middle of the next decade.
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.