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Google's DeepMind to Lead Unified AI Charge as Company Seeks to Outpace Microsoft

Sundar Pichai, Google's CEO, has announced a significant restructuring of the company's leadership and operational divisions to accelerate its artificial intelligence (AI) development. This move is in response to criticisms that the company is lagging behind competitors like Microsoft Corp (NASDAQ:MSFT). The reorganization will see all AI-related teams, including the development of the Gemini chatbot, consolidated under the DeepMind division led by Demis Hassabis. This consolidation encompasses

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Alibaba and Lenovo Team Up to For AI PCs, Setting New Standards in Tech

Alibaba Group Holding Limited (NYSE:BABA) and Lenovo Group are joining forces to develop a suite of artificial intelligence (AI) products, marking a significant move as Chinese tech giants vie for dominance in the burgeoning field of generative AI. These offerings will feature AI PCs—computers embedded with chips capable of performing generative AI operations locally—alongside other AI-driven devices and business intelligence solutions. This collaboration was unveiled at Lenovo’s Tech World even

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Middle East Tensions Persist: Will The US Dollar Emerge As The Biggest Winner?

The growing tensions in the Middle East have wreaked havoc in the international markets, as the prolonged war between Israel and Palestine has impacted the prices of major commodities such as oil while disrupting international trade. The U.S. dollar remained strong despite the market turmoil, as evidenced by the Dollar Index's 3.4% gain over the last three months. The mounting inflationary pressures amid rising oil prices have caused the greenback to reach its highest level in four and a half mo

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Increase In Card Member Spending Boosts Amex Q1 Revenue, Company Eyes Steady Annual Growth

American Express Co’s (NYSE:AXP) first-quarter revenue (net of interest expense) grew 11% year-on-year to $15.80 billion, marginally beating the consensus of $15.79 billion. The increase was primarily due to higher net interest income and increased Card Member spending. EPS of $3.33 beat the consensus of $2.95. Card Member spending or Billed Business grew 6% Y/Y to $367 million. Also Read: Mastercard Set to Increase Credit Card Fees, Adding Millions in Costs for Retailers After Visa Settlement U

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Geopolitical Tensions Weigh On Asia And Europe Markets, Gold Trades Near $2,400 - Global Markets Today While US Slept

Geopolitical Tensions Weigh On Asia And Europe Markets, Gold Trades Near $2,400 - Global Markets Today While US Slept
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FDA Mandates "Boxed Warning" For Bristol Myers, Johnson & Johnson CAR-T-Based Blood Cancer Therapies

FDA Mandates "Boxed Warning" For Bristol Myers, Johnson & Johnson CAR-T-Based Blood Cancer Therapies
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What Does The Upcoming T+1 Settlement Change Mean For Prop Traders?

What Does The Upcoming T+1 Settlement Change Mean For Prop Traders?
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Why SPAC Redwoods Acquisition Shares Are Skyrocketing Friday?

Why SPAC Redwoods Acquisition Shares Are Skyrocketing Friday?
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Understanding Netflix, Disney Market Maneuvers: Decoding The Streaming Strategy

Understanding Netflix, Disney Market Maneuvers: Decoding The Streaming Strategy
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BlackRock And Coinbase Explain Importance Of Bitcoin Halving In New Ad Campaigns

BlackRock And Coinbase Explain Importance Of Bitcoin Halving In New Ad Campaigns
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