Hours after Apple announced “Apple Intelligence” — its new generative artificial intelligence initiatives — billionaire Elon Musk blasted the announcement in a series of tweets. If Apple “integrates OpenAI at the OS level,” all Apple devices will be banned at his companies, Musk says.
Apple CEO Tim Cook unveiled the company’s “profound new intelligence capabilities” Monday.
Nvidia was valued at less than 2% of Apple just ten years ago.
Tesla shareholders will decide next week whether to reinstate CEO Elon Musk’s unprecedented 11-figure bonus, a decision Wall Street classifies as a pivotal moment for the carmaker as the centibillionaire’s head turns to his various other endeavors.
Tuesday’s selloff was almost certainly not related to Monday’s technical error which briefly showed a 100% loss for Berkshire, but it was a puzzling loss.
Roaring Kitty, the social media handle used by trader Keith Gill, helped inspire 2021’s meme stock craze that saw shares of companies like GameStop and AMC Entertainment skyrocket.
The “godfather of AI” is a much richer man thanks to Nvidia stock’s more than 20,000% increase over the last decade.
The return to social media of the pandemic era meme stock captain didn’t just boost shares of fabled meme stock GameStop, it sent several other meme stocks up big, helping make the fortunes of billionaires linked to the entities even richer.
Tech stocks on Wall Street defied sticky inflation Friday to post their biggest gain in more than two months—easing market anxiety about a slowdown in economic activities—after blockbuster first-quarter earnings and continued betting on artificial intelligence fired up the valuations of major companies.
The Jersey-based owner of Petco and Swiss watchmaker Breitling is slated to start trading on the Amsterdam stock exchange on Friday with a valuation of up to $16 billion, enough to mint 10-figure fortunes for at least two co-founders.