AI fever
Echoes of dotcom bubble haunt AI-driven US stock market
A U.S. stock rally supercharged by excitement over artificial intelligence is drawing comparisons with the dotcom bubble two decades ago.
$2.5 billion
US to criminally charge Boeing, seek guilty plea, sources say
The Justice Department will criminally charge Boeing with fraud over two fatal crashes and ask the planemaker to plead guilty or face a trial
$2 trillion
AI-focused tech firms see big jump in market cap in June
Nvidia briefly overtook Microsoft to become the most valuable company in the world.
Abril Elfi
Japanese Scientists Create Smiling Robot Using ‘Living’ Skin
Japanese scientists used human cells to develop an equivalent to human skin that can be attached to robotic surfaces to recreate a realistic smile.
AI code development
Financial industry grappling with AI’s gifts and perils, executives say
The spread of AI-based systems offers big opportunities for financial services firms, but asset managers face higher stakes because they manage sensitive information.
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.
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.