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[ad_1] Google CEO Sundar Pichai speaks at a panel at the CEO Summit of the Americas hosted by the U.S. Chamber of Commerce on June 09, 2022 in Los Angeles, California. Anna Moneymaker | Getty Images Results were good, but not good enough. That's Wall Street's reaction to quarterly results on Tuesday from Alphabet and Microsoft . Both companies reported revenue and earnings that exceeded estimates, yet the stocks sold off in extended trading. In investor speak, the stocks were priced for perfection. Alphabet shares are up 56% for the year and climbed to a fresh high last week, exceeding the prior record from late 2021, the peak of the tech boom. Microsoft is up 70% over the past 12 months, also reaching a fresh high recently and surpassing Apple as the most valuable publicly traded company. The companies generated excitement last year by riding the artificial intelligence wave, and were also lauded by shareholders for their dramatic cost-cutting efforts, which included ...

[ad_1] A Tesla Model 3 vehicle on an auto carrier in front of a store in Rocklin, California, July 21, 2021. David Paul Morris | Bloomberg | Getty Images Tesla shares dropped 5% Friday after the electric car company cut prices on some models in the U.S. and reduced the price for its premium driver assistance software. The stock closed at $245.01. It's still up almost 100% this year after gaining 2.7% for the week. While Tesla CEO Elon Musk has said in the past that the price of Tesla's premium driver assistance option, marketed as Full Self-Driving software, would only ever go up, the company cut the price by $3,000 from $15,000 in the U.S. for customers who purchase it upfront rather than through a monthly subscription. Subscribers pay between $99 and $199 per month, depending on whether they're upgrading from a standard or other premium version. Tesla is also cutting prices for inventory vehicles in the U.S., including its entry-level Model 3 sedan, luxury Model S ...

[ad_1] The US Supreme Court in Washington, DC, on June 27, 2023. Kevin Dietsch | Getty Images WASHINGTON — The Supreme Court on Friday blocked in full a lower court ruling that would have curbed the Biden administration's ability to communicate with social media companies about contentious content on such issues as Covid-19. The decision in a  short unsigned order  puts on hold a Louisiana-based judge's ruling in July that specific agencies and officials should be barred from meeting with companies to discuss whether certain content should be stifled. The Supreme Court also agreed to immediately take up the government's appeal, meaning it will hear arguments and issue a ruling on the merits in its current term, which runs until the end of June. Three conservative justices noted that they would have denied the application: Samuel Alito, Clarence Thomas and Neil Gorsuch. "At this time in the history of our country, what the court has done, I fear, will be seen by so...

[ad_1] TikTok has officially launched its e-commerce service TikTok Shop in the US.  Costfoto | Nurphoto | Getty Images Consumers are increasingly turning to social media for their shopping this holiday season, and TikTok's latest venture into e-commerce has emerged at the forefront. For some, it means weighing the convenience of mobile shopping and often low prices against ethical questions. The platform introduced TikTok Shop in the U.S. in September as an in-app shopping experience, capitalizing on the #TikTokMadeMeBuyIt trend. The shop gives opportunities to both content creators who could sell their own products and avid TikTok users who could buy directly on the app, following in the footsteps of other social media apps such as Instagram. Though TikTok Shop previously faced backlash and was forced to shut down in Indonesia, consumers are increasingly trending toward buying off social media. A recent Shopify-Gallup survey says nearly half of respondents ages 18 to 29 s...

[ad_1] The world is aging rapidly, and there are more and more ways to invest in this theme. Shams Afzal, managing director at Carnegie Investment Counsel, noted that 17% of the U.S. population is now over the age of 65, and that proportion is expected to grow higher. And the demographics of that age group is changing. There's been a "marked jump" in education levels — just 5% of those aged above 65 were degree holders in 1950, much lower than the 29% in 2018, Afzal said, citing Population Reference Bureau statistics. The gender gap in terms of mortality has also narrowed, from seven years in 1990 to five years in 2017, he said. "The aging population discussion in recent years has mostly revolved around future challenges to labor productivity and its economic growth implications," he said. "We see meaningful efforts by companies large and small, working to enhance the quality of life for individuals in this age group," Afzal, also a portfolio mana...

[ad_1] Omegle, an online chat service that billed itself as an anonymous forum to "talk to strangers," has shut down amid allegations it served as a hotbed for criminal activities.  In a lengthy statement Thursday, Omegle founder Leif K-Brooks said the service is closing because combating misuse of the platform is "no longer sustainable, financially nor psychologically." In recent years, Omegle has faced a slew of lawsuits alleging the platform, which connected people via text and video chat, became a breeding ground for sexual harassment and facilitated the sexual exploitation of minors by pairing underaged users with sexual abusers.   "The stress and expense of this fight – coupled with the existing stress and expense of operating Omegle, and fighting its misuse – are simply too much," Brooks said in the statement.   The website shut its anonymous chat function Thursday. Omegle, founded in 2009...

[ad_1] In this photo illustration, a TikTok App Logo is displayed on a mobile phone. Stanislav Kogiku | Sopa Images | Lightrocket | Getty Images Senate Intelligence Committee Chair Mark Warner, D-Va., said Sunday he is introducing a broad bipartisan bill this week that will outline an approach to banning or prohibiting foreign technology, like the popular video-sharing app TikTok. TikTok is a short-form video platform that is used by more than 100 million Americans. Data privacy concerns have been swirling around the app because of its parent company ByteDance, which is based in China and privately held. Warner said he is working on the bill with Sen. John Thune, R-S.D., adding that he is concerned over the type of content that Americans are seeing on TikTok. "They are taking data from Americans, not keeping it safe, but what worries me more with TikTok is that this can be a propaganda tool," he told "Fox News Sunday." Warner's legislation comes after U.S. ...

[ad_1] Sam Altman, chief executive officer and co-founder of OpenAI, speaks during a Senate Judiciary Subcommittee hearing in Washington, DC, US, on Tuesday, May 16, 2023. Congress is debating the potential and pitfalls of artificial intelligence as products like ChatGPT raise questions about the future of creative industries and the ability to tell fact from fiction.  Eric Lee | Bloomberg | Getty Images This past week, OpenAI CEO Sam Altman charmed a room full of politicians in Washington, D.C., over dinner, then testified for about nearly three hours about potential risks of artificial intelligence at a Senate hearing. After the hearing, he summed up his stance on AI regulation, using terms that are not widely known among the general public. "AGI safety is really important, and frontier models should be regulated," Altman tweeted. "Regulatory capture is bad, and we shouldn't mess with models below the threshold." In this case, "AGI" refers to ...

[ad_1] 2025 Ram 1500 Ramcharger Tungsten Ram DETROIT — Automaker Stellantis plans to produce an industry-first electric pickup truck called the Ram 1500 Ramcharger that's equipped with an electric generator and a gas engine. If that sounds like an oxymoron, here's how it works: The truck can operate as a zero-emissions EV until its battery dies and an electric onboard generator — powered by a 27-gallon, 3.6-liter V6 engine — kicks on to power the vehicle. The outcome is a truck with the benefits of an EV, such as fast acceleration and some zero-emissions driving, without the range anxiety synonymous with most current electric vehicles, according to Ram CEO Tim Kuniskis. "This is the ultimate answer for the battery-electric truck. No one else has got anything else like it," Kuniskis told reporters during an event. "This is going to be a game changer for battery-electric trucks." The 2025 Ram 1500 Ramcharger is expected to go on sale in late 2024 alongsi...

[ad_1] The “Make in Pakistan” mobile phones dream seems to have fallen flat, despite tax benefits of over Rs46 billion given in the last fiscal year, as the government has failed to ensure localisation of mobile handsets manufacturing in violation of a state policy. The criminal negligence on part of the Engineering Development Board (EDB) and the Ministry of Industries has also led to giving illegal tax benefits beyond June 2022 on packaging materials, in addition to creating another preferential businessmen-class after the car assemblers. Sources told The Express Tribune that the EDB and Ministry of Industries have failed to ensure the one year to two years localisation plan of the devices and the material used in the manufacturing of the mobile phones. Three years ago, the previous government had approved the mobile device manufacturing policy to promote locally manufactured mobile handsets. It also gave incentives in the shape of reducing or waiving off duties, s...

[ad_1] Here is a glance into the world of ChatGPT courses and resources (Representative Image) ChatGPT and Stable Diffusion have emerged as frontrunners in this domain, drawing significant acclaim for their exceptional performance and impressive results Incredible advancements have been made in the field of Artificial Intelligence, showcasing the immense capabilities of human ingenuity. Among the various branches of AI, Generative AI has captivated the attention of numerous individuals. This particular field exhibits the remarkable ability to create fresh content, encompassing diverse forms such as images, music, and even textual compositions. It’s akin to collaborating with a digital partner, pushing the boundaries of innovation. Notably, ChatGPT and Stable Diffusion have emerged as frontrunners in this domain, drawing significant acclaim for their exceptional performance and impressive results.  Let us delve into the realm of generative AI tools, exploring the recent surge in fa...

[ad_1] Daniel Zhang, chairman and chief executive officer Alibaba Group, said the company's financial year from April 2021 to March 2022 was impacted by the uncertainties around Covid, "new expectations" on China's internet sector and the "high frequency" of international geopolitical conflicts. Wang Zhao | AFP | Getty Images Alibaba Group said on Sunday that Daniel Zhang will step down as chairman and chief executive officer of its cloud business. Zhang had previously been concurrently serving in three roles, heading the group as well as its cloud unit. He handed over the role of the group's CEO to Eddie Wu on Sunday, who will also take charge of the cloud unit after Zhang's departure. [ad_2] Source link https://worldnews2023.com/top-stories/alibaba-says-daniel-zhang-steps-down-from-cloud-business/?feed_id=308249&_unique_id=667f96249b2bd

[ad_1] Aurionpro Solutions provides IT solutions in banking, mobility and other sectors. Aurionpro Solutions' stock has experienced a remarkable growth of 234% over the past three years while it has surged nearly 200% so far this year. Aurionpro Solutions Ltd, an IT solutions provider, is under radar these days as the stock of the company is on a gaining spree since the last few weeks. The stock is trading at a record high in the last few sessions. In 7 of the last 10 sessions till Thursday, June 22, the stock has closed with gains. Shares of the company have gained 23 percent in the last ten sessions. On Tuesday, June 22, the IT company shares were locked in a 5% upper circuit at Rs 1060.6 apiece on BSE after the company’s board approved a proposal to raise Rs 70.4 crore. Aurionpro Solutions’ stock has experienced an impressive growth of more than 1700% in the past three years, making it a highly lucrative investment. On June 12, 2020, the stock closed at Rs 56, but on June...

[ad_1] Eric Adams, mayor of New York, speaks during the U.S. Conference of Mayors winter meeting in Washington, D.C., on Thursday, Jan. 20, 2022. Eric Lee | Bloomberg | Getty Images New York City banned TikTok on government-owned devices Wednesday, pointing to security concerns that have made the app a target of bipartisan scrutiny across the country. Congress already voted to ban TikTok on federal devices last year and several states have taken similar steps. The concern generally stems from TikTok's ownership by China-based tech company ByteDance, since many policymakers fear that structure could make U.S. users' information vulnerable to being accessed by the Chinese government, if forced to hand over information to comply with Chinese law . An NYC City Hall Spokesperson told WNBC in a statement that the ban was a result of the city's Cyber Command's conclusion that TikTok "posed a security threat to the city's technical networks." City agencies h...

[ad_1] Varda's first manufacturing satellite and reentry vehicle attached to a Rocket Lab Photon bus. Rocket Lab Space startup Varda received long-awaited approval from the Federal Aviation Administration to bring its first spacecraft back to earth after a stint manufacturing drugs in space. Varda's small W-Series 1 capsule, or W-1, has been stuck in orbit since it launched eight months ago. The company has awaited regulatory authorization to make a landing attempt in Utah, at the Air Force's Utah Test and Training Range. The FAA confirmed on Wednesday it had issued the license to Varda. The FAA's approval means Varda will try to land the W-1 mission on Feb. 21. "We are incredibly proud to have this opportunity with our government partners, and appreciate their dedication to safe innovation in the United States," Varda said in a statement. The W-1 mission is a demonstration of the company's automated in-space manufacturing process. Last year, Varda ...

[ad_1] SHANGHAI: Chinese search engine giant Baidu, has filed lawsuits against “relevant” app developers and Apple Inc over fake copies of its Ernie bot app available on Apple’s app store. The company’s artificial intelligence powered Ernie bot, launched last month, has been touted as China’s closest answer to the US-developed chatbot ChatGPT. Baidu said it had lodged lawsuits in Beijing Haidian People’s Court against the developers behind the counterfeit applications of its Ernie bot and the Apple company. “At present, Ernie does not have any official app,” Baidu said in a statement late on Friday posted on its official “Baidu AI” WeChat account. It also posted a photograph of its court filing. “Until our company’s official announcement, any Ernie app you see from App Store or other stores are fake,” it said. Apple did not immediately respond to a request for comment. A Reuters search on Saturday found there were still at least four apps bearing the Chinese-language nam...