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Finance
Palantir Technologies (NASDAQ: PLTR) has emerged as one of the most prominent artificial intelligence (AI) stocks this year. Shares have skyrocketed 345% year-to-date, outperforming all S&P 500 companies in 2024. Its strategic moves and market optimism around AI continue to fuel investor enthusiasm, but there are rising concerns
Transportation
General Motors (GM) announced it will cease funding for its Cruise robotaxi service, marking a significant shift in its autonomous vehicle strategy. The company will now prioritize developing self-driving technology for personally owned vehicles rather than operating commercial robotaxi fleets. Why GM Pulled the Plug on Cruise Cruise’s robotaxi
Retail
In a significant win for the Biden administration, a U.S. federal judge blocked the $25 billion merger between Kroger and Albertsons, two of the nation’s largest grocery chains. The decision followed a three-week trial in Portland, Oregon, where the Federal Trade Commission (FTC) argued that the merger would
Marketing
Social media has become an essential tool for businesses, but many entrepreneurs fail to use it effectively. Missteps can result in wasted time, money, and energy. Here are 5 common mistakes entrepreneurs make with social media and how to fix them. 1. Focusing on Vanity Metrics Entrepreneurs often chase likes,
Artificial Intelligence (AI)
Google, in partnership with TPG Rise Climate and other investors, is supporting clean energy developer Intersect Power with an investment of over $800 million, the company announced on Tuesday. Addressing AI's Soaring Energy Demand Google's investment aligns with its strategy to expand data center capacity to
Pharmaceutical
Amazon's pharmacy business is on track to generate $2 billion in revenue this year, driven by surging customer interest in its online medication services, according to Evercore's analysis. In a recent survey conducted by Evercore, 45% of Amazon customers expressed being "extremely interested" or
Business Insights
Alphabet stock soars on Tuesday, driven by a groundbreaking advancement in quantum computing and growing confidence in the company’s AI tools and future growth. On Monday, Alphabet unveiled its Willow chip, a leap forward in quantum technology. The chip performed a benchmark computation test in under five minutes—a
Automotive
Amazon has entered the online car market with Amazon Autos, a new platform enabling customers to browse, order, and buy new cars, trucks, and SUVs directly from local dealerships. The service kicks off with Hyundai in 48 major U.S. cities, including Atlanta, Boston, Chicago, Los Angeles, and New York.
Semiconductors
Taiwan Semiconductor Manufacturing Co. (TSMC) reported a 34% year-over-year increase in November sales, driven by strong demand for its AI-focused chips. The company, a key supplier to tech giants like Apple and Nvidia, posted $8.48 billion in revenue for the month. Despite the robust year-over-year growth, November sales marked
Artificial Intelligence (AI)
Reddit has rolled out Reddit Answers, its new AI-powered search tool that allows users to find summarized content directly on the platform, bypassing traditional search engines like Google. The move marks Reddit's entry into the escalating AI search wars, further modernizing its search experience and driving investor enthusiasm.
Advertising
Omnicom Group has announced its agreement to acquire Interpublic Group (IPG), a move that will merge the world’s third- and fourth-largest advertising holding companies, creating the largest ad company globally. This unprecedented merger underscores a strategic effort to harness new technologies, accelerate innovation, and redefine the advertising industry. A
Quantum Computing
Google has unveiled its new quantum computing chip, “Willow”, which claims to solve problems in just five minutes that would take the world’s fastest supercomputers a staggering 10 septillion years to complete. This marks a significant milestone in the race for practical quantum computing – a field poised to revolutionize