News Archives - Page 6 of 21

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.…

MondayFeb 03, 2025 11:55 am

AINewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Reports Increased Gold Resources at Grey Fox Deposit

McEwen Mining (NYSE: MUX) (TSX: MUX) announced a significant increase in estimated gold resources at the Grey Fox deposit within its Fox Complex as of Dec. 31, 2024, compared to its 2021 estimate. The discovery cost averaged $14.46 per ounce, with new exploration drilling and higher gold prices contributing to the resource expansion. The updated resource estimate reflects a lower cut-off grade due to gold price adjustments from $1,750 to $2,000 per ounce. Chairman Rob McEwen stated that the expanded resources will support increased annual production and extended mine life. A full resource update is expected in the coming weeks.…

ThursdayJan 30, 2025 2:25 pm

AINewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Featured in New Video Series by Allan Barry Laboucan

McEwen Mining (NYSE: MUX) (TSX: MUX), an asset rich diversified gold and silver producer with a large exposure to copper through its McEwen Copper subsidiary, was recently featured in a new video series launched by Allan Barry Laboucan called “Insights into Drilling.” Allan has spent 30 years of his life watching drill results, drill programs, drill models and reasons for drilling. He sees it as the lifeblood of the mining business. In an email to subscribers introducing the first video of the series, he wrote, “McEwen Mining has catalysts from their world-class copper development project, strong improvement to their bottom…

ThursdayJan 30, 2025 1:40 pm

AINewsBreaks – Meta Platforms Inc. (NASDAQ: META) Surpasses Market Expectations with Strong Q4 Earnings

Meta (NASDAQ: META) is a leading technology company known for its popular social media platforms, Facebook and Instagram. The company recently reported its fourth-quarter earnings for 2024, surpassing market expectations. Meta achieved earnings per share (“EPS”) of $8.02, exceeding the analyst estimate of $6.76. The company’s revenue for the quarter reached $48.39 billion, surpassing the anticipated $46.99 billion. Meta’s strong performance is largely attributed to advancements in artificial intelligence (“AI”), which have significantly bolstered its core advertising business. The Family of Apps, which includes Facebook, Instagram, WhatsApp, and Messenger, generated total revenue of $47.3 billion, marking a year-over-year increase from…

MondayJan 27, 2025 8:30 am

AINewsBreaks – D-Wave Quantum Inc. (NYSE: QBTS) Unveils Leap Quantum LaunchPad™ Program to Accelerate Adoption of Quantum Computing

D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems and the world’s first commercial supplier of quantum computers, has launched the Leap Quantum LaunchPad™ program to advance quantum computing application deployment. The initiative offers a three-month free trial granting access to D-Wave's technology, including its Advantage™ quantum computers and Leap™ cloud service, along with expert technical guidance. Aimed at helping businesses tackle complex optimization challenges, the program supports rapid exploration, development, and production of quantum and hybrid-quantum applications. Chief Revenue Officer Lorenzo Martinelli highlighted the program’s potential to enable organizations to address critical problems with quantum technologies. Additionally,…

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