AINewsBreaks Archive - Page 5 of 21

ThursdayFeb 13, 2025 11:50 am

AINewsBreaks – Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG) Faces Potential Lawsuit From Mexico Over Gulf of Mexico Name Change

Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG) may face a civil lawsuit from Mexico after Google renamed the "Gulf of Mexico" to the "Gulf of America" for U.S. users on Google Maps. Mexican President Claudia Sheinbaum criticized the change, stating that the internationally recognized name is "Gulf of Mexico" and that the U.S. has no authority to enforce such a renaming beyond its territorial waters. Sheinbaum urged Google to reverse the decision, warning that Mexico could take legal action if the company does not comply. As of the latest trading session, Alphabet Inc. (NASDAQ:GOOGL) is trading at $2,950.00 per share, reflecting…

WednesdayFeb 12, 2025 10:15 am

AINewsBreaks – NVIDIA Corp. (NASDAQ: NVDA) Faces Market Volatility Amid DeepSeek Concerns

NVIDIA (NASDAQ: NVDA) shares experienced a significant decline, dropping 17% in a single day and erasing approximately $590 billion from the company's market capitalization. This downturn is attributed to concerns surrounding Chinese AI startup DeepSeek, which has developed a competing AI chip that could challenge NVIDIA's dominance in the market. As of February 12, 2025, NVIDIA's stock is trading at $132.80, down 0.56% from the previous close. To view the full article, visit https://ibn.fm/Cap0f About NVIDIA Corporation NVIDIA Corporation is a global technology company headquartered in Santa Clara, California. Founded in 1993, NVIDIA is renowned for its graphics processing units…

WednesdayFeb 12, 2025 9:15 am

AINewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Closes $110 Million Convertible Senior Notes Offering

McEwen Mining (NYSE: MUX) (TSX: MUX) has completed its previously announced offering of 5.25% convertible senior notes due 2030, raising $110 million, including a fully exercised $15 million option. The notes carry an initial conversion price of $11.25 per share, representing a 30% premium to the company’s Feb. 6 closing price, with a capped call potentially increasing the effective conversion price to $17.30. Proceeds will be used to partially repay $20 million of senior secured debt and fund corporate initiatives, including expanding gold production at the Fox Complex. Chairman Rob McEwen emphasized the financing’s low dilution risk and cost-effective structure.…

TuesdayFeb 11, 2025 1:44 pm

AINewsBreaks – Adageis Seizing Opportunity in AI-Driven Healthcare Innovation

Adageis is positioned to capitalize as artificial intelligence (“AI”) plays a crucial role in meeting quality metrics, reducing costs and improving patient outcomes in the transition toward value-based healthcare. While the sector faces challenges — such as integrating AI tools into existing systems, ensuring data security and navigating regulatory frameworks — innovators like Adageis, a forward-thinking healthcare technology company, are stepping in to bridge the gap, offering scalable solutions that align with modern needs. “Adageis is at the forefront of AI-driven healthcare innovation. Its ProActive Care Platform provides providers, clinics and health systems with tools to enhance care delivery while addressing…

TuesdayFeb 11, 2025 11:45 am

AINewsBreaks – Apple Inc. (NASDAQ: AAPL) teams up with Alibaba (NYSE: BABA) to develop AI for China, eyes iPhone growth

Apple (NASDAQ:AAPL) has partnered with Alibaba Group Holding Ltd. (NYSE: BABA) to integrate artificial intelligence into its devices in China, aiming to boost iPhone sales in the region. The collaboration follows Apple’s evaluations of various Chinese AI providers, ultimately selecting Alibaba to co-develop AI features that have been submitted for regulatory approval. This move aligns with Apple’s strategy to strengthen its position in China’s competitive smartphone market. As of Feb. 11, Apple stock is trading at $231.87, up 1.85%, while Alibaba shares have risen 2.11% to $113.67. To view the full article, visit https://ibn.fm/jUQlp About Apple Inc. Apple Inc. designs, manufactures, and…

MondayFeb 10, 2025 10:50 am

AINewsBreaks – Meta Platforms Inc. (NASDAQ: META) to Cut Workforce While Accelerating AI Hiring

Meta Platforms (NASDAQ: META) the parent company of Facebook, is set to begin company-wide layoffs on Feb. 10, 2025, while fast-tracking the recruitment of machine learning engineers, according to internal memos cited by Reuters. The cuts, which aim to eliminate the bottom 5% of employees, could impact around 3,600 positions from Meta’s 72,000-strong workforce as of September 2024. While layoffs will affect most countries, employees in Germany, France, Italy, and the Netherlands will be exempt due to local regulations. Despite the reductions, Meta is prioritizing investments in artificial intelligence, allocating billions of dollars to AI-related infrastructure. As of Feb. 10,…

MondayFeb 10, 2025 9:25 am

AINewsBreaks – NVIDIA Corp. (NASDAQ: NVDA) Stock Rebounds Amid AI Investments and TSMC’s Growth

NVIDIA (NASDAQ: NVDA) stock is recovering from a recent downturn caused by competition from China's DeepSeek. The rebound is supported by significant capital expenditure commitments from tech giants like Amazon, Google, Microsoft, and Meta Platforms, focusing on AI infrastructure. Additionally, a French project led by FluidStack plans to build a nuclear-powered AI computing facility, potentially housing a substantial number of Nvidia chips. Nvidia's key supplier, Taiwan Semiconductor Manufacturing (NYSE: TSM), reported a 36% year-over-year revenue increase for January, despite anticipating lower first-quarter revenue due to recent earthquake-related production disruptions. TSMC aims to double its advanced chip-packaging capacity by 2025, essential…

MondayFeb 10, 2025 8:30 am

AINewsBreaks – D-Wave Quantum Inc. (NYSE: QBTS) Launches ‘Quantum Realized’ Brand Campaign

D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing, has launched Quantum Realized, an integrated brand campaign highlighting the commercial viability of its technology. The campaign kicked off with an open letter from CEO Dr. Alan Baratz in The Wall Street Journal, where he outlined benchmarks for evaluating quantum companies including processor performance, system availability and commercial usage. D-Wave believes that it meets all criteria. The ongoing branding initiative will span digital and print advertising, key events, and sponsorship of the International Year of Quantum Science and Technology. To view the full press release, visit https://ibn.fm/A2QZM About D-Wave…

ThursdayFeb 06, 2025 12:50 pm

AINewsBreaks – Meta Platforms Inc. (NASDAQ: META) Boosts Investment in AI and Wearables

Meta (NASDAQ: META) is making significant strides in the tech industry by ramping up its investment in artificial intelligence and wearables. The company plans to increase its annual capital investment to between $60 billion and $65 billion by 2025. This strategic move aims to enhance creator tools within its ecosystem, which advertisers use to create marketing materials and run ad campaigns. Meta is also deploying more of its custom ASICs, known as MTIA, in its data centers. This initiative is designed to improve the total cost of ownership for its computing needs, demonstrating Meta’s commitment to embracing the higher costs…

WednesdayFeb 05, 2025 9:10 am

AINewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Announces Gold Resource Increase at Fox Complex’s Grey Fox Deposit

McEwen Mining (NYSE: MUX) (TSX: MUX) reported a significant increase in estimated gold resources at the Grey Fox deposit within its Fox Complex, compared to its 2021 estimate. The discovery cost was $14.46 per ounce, with mineralization located near the historically productive Porcupine-Destor fault. The increase is attributed to exploration drilling, a higher gold price assumption of $2,000 per ounce versus $1,725 in 2021, and a lower cut-off grade of 1.60 g/t gold. Chairman Rob McEwen stated that the expanded resources will support higher annual production and extended mine life. A complete resource update is expected in the coming weeks.…

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