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June 13, 2024 1:43 PM

AI-powered Apple overtakes Microsoft as world’s most valuable company

Apple once again became the world's most valuable company on Wednesday, dethroning Microsoft from the top spot, as the iPhone maker pushed ahead in a race to dominate artificial intelligence technology. Its shares jumped nearly 4% to a record $215.04, giving it a market valuation of $3.29 trillion. Microsoft's market capitalization stood at $3.24 trillion, falling behind Apple for the first time in five months. The stock surge comes as the tech-heavy Nasdaq hit a record high on fresh signs of ...

June 12, 2024 2:16 PM

How Apple used Google’s help to train its AI models

On stage on Monday CEO Tim Cook's Apple announced a splashy deal with OpenAI to include its powerful artificial intelligence model as a part of its voice assistant, Siri. But in the fine print of a technical document Apple published after the event, the company makes clear that Alphabet's Google has emerged as another winner in the Cupertino, California, company's quest to catch up in AI. To build Apple's foundation AI models, the company's engineers used its framework software with a range of...

September 16, 2024 6:40 PM

Nvidia overtakes Apple as No. 2 most valuable company

Nvidia's rallied to record highs on Wednesday, with the artificial intelligence chipmaker's valuation breaching the $3 trillion mark and overtaking Apple to become the world's second most valuable company. Nvidia is preparing to split its stock ten-for-one, effective on June 7, a move that could increase its appeal to individual investors. The surge in Nvidia's market value above Apple's marks a shift in Silicon Valley, which the company co-founded by Steve Jobs has dominated since it launched...

June 5, 2024 4:08 PM

$17 bln UK adtech lawsuit against Google can go ahead, tribunal rules

Google parent Alphabet must face a mass lawsuit which accuses it of abusing its dominance in the online advertising market, London's Competition Appeal Tribunal (CAT) ruled on Wednesday. The lawsuit, which seeks damages of up to 13.6 billion pounds ($17.4 billion) on behalf of publishers of websites and apps based in the United Kingdom, is the latest case to focus on the search giant's business practices. Ad Tech Collective Action is bringing the claim on behalf of publishers who say they have...

September 16, 2024 5:55 PM

Google to manufacture Pixel Phones in Tamil Nadu, says CM MK Stalin

Tamil Nadu Chief Minister M.K. Stalin announced on Friday that Google will soon commence local production of its flagship Pixel smartphones in the state. The manufacturing facility will be set up near Chennai in collaboration with Foxconn, a leading contract electronics manufacturer. Addressing the media, Stalin revealed that the state's Industry Minister TRB Raja had visited Google's US headquarters along with Foxconn officials to discuss the prospect of establishing a manufacturing unit in Ta...

May 15, 2024 5:16 PM

OpenAI co-founder Ilya Sutskever departs ChatGPT maker

OpenAI co-founder and chief scientist Ilya Sutskever is leaving the startup at the center of today's artificial intelligence boom. "OpenAI would not be what it is without him," OpenAI CEO Sam Altman wrote in a message to the company, which OpenAI posted on its blog. Microsoft-backed OpenAI makes the popular ChatGPT chatbot, which sparked a race among the world's largest tech companies for dominance in the emerging generative AI field. Jakub Pachocki will be the company's new chief scientist, ...

September 16, 2024 6:07 PM

Alphabet debuts beefed-up AI search and chatbot as competition heats up

Google parent Alphabet on Tuesday showed how it is building on artificial intelligence across its businesses, including a beefed-up Gemini chatbot and improvements to its prized search engine as it races to compete with AI rivals. The flurry of announcements underscores Google's efforts to refresh its products since Microsoft-backed OpenAI’s 2022 launch of ChatGPT dazzled the public, threatening the incumbent's long reign over online search and AI. Among Google’s latest salvos was an addit...

May 4, 2024 5:04 PM

Google trial wraps up as judge weighs landmark US antitrust claims

Google and the U.S. Justice Department wrapped up closing arguments on Friday over claims that the Alphabet unit has unlawfully dominated web search and related advertising, in a case the government contends could shape the “future of the internet.” U.S. District Judge Amit Mehta in Washington for hours grilled both sides with questions, probing whether competitive platforms such as ByteDance’s TikTok and Meta’s Facebook and Instagram are competitive substitutes for search advertising d...