Stocks

The “first iPhones designed from the ground up” for AI were introduced Monday.

The Bolt founder claimed a group of investors had signed off on the company’s chaotic $450 million raise, but some said they hadn’t. Now, BlackRock and other investors have moved to stall the round.

Apple and Nvidia are reportedly in discussions to join a major funding round for OpenAI. The new round of investment could push the ChatGPT-maker’s valuation above US$100 billion.

While 74% of companies are seeing positive returns, Vice President of Global Generative AI Go-To-Market for Google Cloud Oliver Parker says C-level buy-in boosts them.

The share price of PDD Holdings, Temu’s parent company, plummeted Monday morning.

Few mutual fund managers can come close to this former Legg Mason portfolio manager’s 15-year market-beating record. Below he discusses lessons he has learned, plus his firm’s top ten holdings.

Apple shares opened down 8%, Microsoft 5%, Nvidia 14%, Google parent Alphabet 6%, Amazon 8%, Facebook parent Meta 7% and Tesla 11%.

The global stock market slide wiped out billions of dollars from the net worths of the world’s richest people.

A leader in all things technology for decades, the profitable but often plain Microsoft received a jolt over the last two years as analysts declared Microsoft the immediate winner in the AI rave, though it disappointed investors Tuesday.

The billionaires behind Tesla, Alphabet, Meta, LVMH and more saw their fortunes plunge in the billions on Wednesday following a rash of earnings reports that disappointed investors.