Amazon Web Services (AWS) has joined its US peers Microsoft and IBM in downsizing artificial intelligence research activities in mainland China amid ongoing geopolitical tensions. The company has decided to close its seven-year-old AI Shanghai Lablet due to “China-US strategic realignment”, according to Wang Minjie, the facility’s chief applied scientist, in an announcement posted on…
IBM on Monday announced that it will invest $150 billion in U.S. manufacturing to “fuel the economy.” The investment will include more than $30 billion that will go toward research and development to allow the computing giant to continue manufacturing its mainframe and quantum computers in the U.S. “Technology doesn’t just build the future —…
In This Story U.S. stocks were surging into the green on Wednesday morning after President Donald Trump backed off his threat to fire Federal Reserve Chair Jerome Powell — at least for now. How Trump’s tariffs could make your iPhone cost $3,500 After days of escalating attacks, including calling Powell a “major loser” and saying…
In This Story Shaken by geopolitical shocks, the S&P 500 was flat last week and the Nasdaq nosed just into the red — but the Dow Jones Industrial Average finished significantly lower, weighed down by a double blow from UnitedHealth (UNH) and Nvidia (NVDA). How Trump’s tariffs could make your iPhone cost $3,500 UnitedHealth slashed…
Ever since Donald Trump’s billionaire aide Elon Musk took over the leading role at the Department of Government Efficiency (DOGE), thousands of federal workers have lost their jobs as part of the cost-cutting effort of the new administration. According to some new reports, federal agencies have now been asked to justify their spending on private…
Chen declined to comment when contacted by Bloomberg News and reportedly referred questions to IBM’s communications team IBM received good news from the US Supreme Court in its fight with software maker BMC. In a ruling, the US Supreme Court declined to hear a contract dispute between IBM and BMC Software, leaving intact a prior…
In a small shop in the eastern Chinese city of Hefei, one of the rarest pieces of technology in the world is on display. The quantum computer in the showroom of Origin, a Chinese startup, looks ready to be plucked from the shelf and fired up. Only 20 such devices are produced globally each year….
NEW YORK — Tesla, IBM and Meta Platforms helped lead most U.S. stocks higher Thursday after a rush of profit reports from some of the country’s most influential companies. The Standard & Poor’s 500 rose 0.5%, as 4 in 5 stocks in the index climbed. The Dow Jones industrial average added 0.4%, and the Nasdaq composite gained…
Photo: Rick Gershon (Getty Images) In This Story It was a mixed day for investors, as the Dow dropped over 200 points and the Nasdaq jumped after Tesla’s better-than-expected earnings report. In the afternoon, the Dow dropped 203 points, or 0.4%, to 42,311. Meanwhile, the Nasdaq and S&P 500 popped up 0.6% and 0.1%, respectively….
In This Story After a week of positive momentum driven by robust economic growth, investors are gearing up for a moderately active week ahead. The upcoming days will feature a mix of key conferences, corporate earnings reports, and a handful of macroeconomic data releases, each holding the potential to influence market sentiment. Let’s take a…