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Generative AI startups get 40% of all VC investment in cloud amid ChatGPT buzz

Generative AI startups get 40% of all VC investment in cloud amid ChatGPT buzz

Finance News

Style-photography | Istock | Getty Images Generative artificial intelligence startups are getting 40% of all the venture capital funding that flows into cloud companies, according to venture investors Accel. In its latest annual Euroscape report, which looks at key cloud and AI trends, Accel said that venture funding for cloud startups based in the U.S., […]

Generative AI startups get 40% of all VC investment in cloud amid ChatGPT buzz Read More »

Novavax says FDA put hold on combination Covid-flu shot and influenza vaccine; shares plunge

Novavax says FDA put hold on combination Covid-flu shot and influenza vaccine; shares plunge

Business News

A health worker prepares a dose of the Novavax vaccine as the Dutch Health Service Organization starts with the Novavax vaccination program on March 21, 2022 in The Hague, Netherlands. Patrick Van Katwijk | Getty Images Novavax on Wednesday said the Food and Drug Administration has put a hold on its application for a combination

Novavax says FDA put hold on combination Covid-flu shot and influenza vaccine; shares plunge Read More »

GM to invest 5 million in joint venture to mine EV battery raw materials in U.S.

GM to invest $625 million in joint venture to mine EV battery raw materials in U.S.

Business News

General Motors Chair and CEO Mary Barra is shown on screen via livestream as she introduces her digitally delivered keynote address at CES 2022 at The Venetian Las Vegas on January 5, 2022 in Las Vegas, Nevada. Ethan Miller | Getty Images DETROIT — General Motors has agreed to establish a joint venture with Lithium

GM to invest $625 million in joint venture to mine EV battery raw materials in U.S. Read More »

Trump-backed crypto coin misses 0 million sales target, raises less than million

Trump-backed crypto coin misses $300 million sales target, raises less than $12 million

Finance News

It’s been just over twenty-four hours since the launch of the Donald Trump-endorsed digital coin “WLFI,” and the token is failing to deliver on the ambitious fundraising goals set by its founding team. World Liberty Financial — which bills itself as a crypto bank where customers will be encouraged to borrow, lend and invest in

Trump-backed crypto coin misses $300 million sales target, raises less than $12 million Read More »

Ulta Beauty shares fall as company sees ‘headwinds’ in beauty industry

Ulta Beauty shares fall as company sees ‘headwinds’ in beauty industry

Business News

An Ulta Beauty store in New York, US, on Monday, Aug. 19, 2024. Yuki Iwamura | Bloomberg | Getty Images Ulta Beauty shares slumped on Wednesday morning, as the company said it sees “headwinds” and tougher competition in the beauty industry. As it hosted its investor day near its Chicago headquarters on Wednesday, the specialty

Ulta Beauty shares fall as company sees ‘headwinds’ in beauty industry Read More »

Amazon announces first Kindle ever with color screen, retailing for 9

Amazon announces first Kindle ever with color screen, retailing for $279

Finance News

Kindle Colorsoft 2024 Amazon Amazon on Wednesday announced a new Kindle e-reader, and for the first time ever it has a color display. The retailing giant introduced the Kindle in 2007, and every device since then has had a black-and-white screen. The new Kindle has a display that’s designed to ensure colors don’t appear washed

Amazon announces first Kindle ever with color screen, retailing for $279 Read More »

ASML just gave us a first glimpse into how U.S. chip export curbs will dent its China sales

ASML just gave us a first glimpse into how U.S. chip export curbs will dent its China sales

Technology News

An ASML icon is being displayed on a circuit board, alongside the flags of the USA and China, in this photo illustration taken in Brussels, Belgium, on January 4, 2024. Jonathan Raa | Nurphoto | Getty Images ASML on Tuesday offered the first glimpse into how U.S. restrictions on exports of its advanced chip manufacturing

ASML just gave us a first glimpse into how U.S. chip export curbs will dent its China sales Read More »

Morgan Stanley is about to report earnings — here’s what to expect

Morgan Stanley is about to report earnings — here’s what to expect

Business News

Ted Pick, CEO Morgan Stanley, speaking on CNBC’s Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 18th, 2024. Adam Galici | CNBC Morgan Stanley is set to report third-quarter earnings before the opening bell Wednesday. Here’s what Wall Street expects: Earnings: $1.58 a share, according to LSEG Revenue: $14.41 billion,

Morgan Stanley is about to report earnings — here’s what to expect Read More »

Why Big Tech is turning to nuclear to power its energy-intensive AI ambitions

Why Big Tech is turning to nuclear to power its energy-intensive AI ambitions

Technology News

The OpenAI app icon displayed along with other AI applications on a smartphone. Jonathan Raa | Nurphoto via Getty Images Technology giants are turning to nuclear energy to power the energy-intensive data centers needed to train and run the massive artificial intelligence models behind today’s generative AI applications. Microsoft and Google are among the firms

Why Big Tech is turning to nuclear to power its energy-intensive AI ambitions Read More »

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