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Qualcomm reported second quarter financial results that topped expectations from analysts. A look at the highlights and guidance.
Apple intensifies AI efforts, poaches experts from Google to lead secretive AI lab in Zurich, plans to showcase new generative AI features at WWDC.
Apple Inc (NASDAQ:AAPL) has aggressively recruited dozens of artificial intelligence experts from Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google, establishing a secretive AI laboratory in Zurich, Europe. This move comes as the company intensifies its efforts to lead in new AI model and product development. Apple, valued at $2.7 trillion, has been expanding its global AI and Machine Learning team by poaching many specialists from Google since hiring John Giannandrea as its top AI executive in 2
Analyst initiated coverage on Qualcomm (QCOM) with Buy rating and $200 price target. Positioned to lead in AI and new markets, expects strong growth.
Microsoft plans to release an acclaimed first-party Xbox game on competing platforms, sparking speculation in the gaming community. This move signals Microsoft's expanding approach beyond the Xbox ecosystem.