Apple’s shares rose 2.5% to a record high on Monday after Morgan Stanley cited the company’s AI efforts as a boost to device sales.
Read More Apple at all-time high after Morgan Stanley calls stock ‘top pick’ for AI efforts
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Samsung bolsters AI in foldable phones, health monitoring in smartwatch, ring
Samsung unveiled its latest foldable smartphones, making its priciest flagship model lighter and slimmer and bolstering AI functions.
Read More Samsung bolsters AI in foldable phones, health monitoring in smartwatch, ring
Exclusive: Amazon mulls $5 to $10 monthly price tag for unprofitable Alexa service, AI revamp
Amazon is planning a major revamp of its decade-old money-losing Alexa service to include a conversational generative AI with two tiers of service.
Read More Exclusive: Amazon mulls $5 to $10 monthly price tag for unprofitable Alexa service, AI revamp
Appeals court to hear challenges to potential US TikTok ban on Sept. 16
A U.S. appeals court said it will hold oral arguments on legal challenges to a new law requiring ByteDance to divest TikTok’s U.S. assets by Jan. 19 or face a ban.
Read More Appeals court to hear challenges to potential US TikTok ban on Sept. 16
Broadcom soars as demand for AI chips powers forecast raise
Broadcom surged about 15% as its upbeat annual forecast highlighted insatiable demand for chips used in powering AI-focused technology.
Read More Broadcom soars as demand for AI chips powers forecast raise
AI-powered Apple overtakes Microsoft as world’s most valuable company
Apple shares jumped nearly 4% to a record $215.04, giving it a market valuation of $3.29 trillion.
Read More AI-powered Apple overtakes Microsoft as world’s most valuable company