Alphabet, Inc. GOOG GOOGL stock is down more than 13% since the end of January and has now entered oversold territory. What To Know: Alphabet’s relative strength index fell to 29.17 on Thursday, its lowest since September 2024. The stock’s RSI rebounded slightly on Friday to 29.51 at the time of publication, but remains below…
ByteDance’s TikTok committed $8.8 billion in data centers in Thailand over five years, Reuters cited VP Helena Lersch on Friday. Prior reports indicated Nvidia Corp NVDA eying investments in Thailand after Alphabet Inc GOOG GOOGL Google and Microsoft Corp’s MSFT move as Southeast Asia becomes a hub for artificial intelligence data centers and component manufacturing. Thailand has attracted…
The S&P 500 and Nasdaq both slipped into the red, reversing early gains on Thursday, while the Dow Jones remained in positive territory in midday trading. NVIDIA Corp. NVDA led the tech sector lower after the company posted its smallest revenue beat in years on Wednesday. Wall Street digested a slew of new economic data…
The week was abuzz with news from the tech world, with artificial intelligence (AI) taking center stage. From Bill Gates issuing a warning to the next generation to Nvidia Corp. NVDA and Alibaba Group Holding Ltd. BABA making strides in AI, the weekend was anything but quiet. Let’s dive into the top stories. Bill Gates’ Warning to the Next Generation In…
Bill Gates has outlined critical challenges for future generations, emphasizing the importance of addressing bioterrorism, climate change, and artificial intelligence. What Happened: The Microsoft Corp. co-founder, reflecting on his fears from the 1950s, also noted the persistent threat of nuclear war. However, he highlighted additional concerns for younger generations, including the potential dangers of bioterrorism and the…
Microsoft co-founder Bill Gates couldn’t name many young tech founders leading groundbreaking companies from this era, with only one exception — Alexandr Wang. What Happened: During a conversation with Stripe CEO Patrick Collison at the Computer History Museum, Gates was asked to name any founders in their 20s who are at the top of the…
Jeff Bezos-Backed Anthropic, an artificial intelligence (AI) developer, has filed a plea with a federal court to dismiss a U.S. government proposal that would prevent Alphabet Inc.‘s GOOGL GOOG Google from investing in AI startups. The proposal is intended to address Google’s alleged monopolization of the online search market. What Happened: Anthropic, in a court filing on Friday,…
China is looking to target U.S. tech companies in order to gain leverage in trade negotiations with U.S. President Donald Trump. What To Know: According to the Wall Street Journal, Chinese officials are building a list of U.S. tech companies that can be probed over antitrust concerns, including Nvidia Corp NVDA and Alphabet Inc GOOG….
Tesla Inc. TSLA CEO Elon Musk, the world’s richest person with a net worth of $412 billion, is at the center of criticism amid a potential conflict of interest as he takes on the role of head of the Department of Government Efficiency (DOGE). What Happened: DOGE was introduced by Donald Trump, with Musk leading…
The Earth Fund—a $10 billion initiative founded by Amazon.com Inc. AMZN founder Jeff Bezos—has discontinued its support for the Science Based Targets initiative (SBTi), a major verifier of corporate climate goals that influences how companies like Apple Inc. AAPL and H&M attain a “net zero” label. What Happened: The Earth Fund’s decision to withdraw support…