IBM will invest $150 billion in the U.S. over the next five years. This investment will include facilities for quantum computer production. IBM is the latest…
Browsing: #BigTech
Alphabet’s shares jumped about 3% on Friday. The company’s solid earnings report showed investors that its AI bets were fueling growth in the core advertising business.…
Nokia reported a 32% drop in Q2 operating profit due to sluggish 5G equipment demand, yet expects improvement later.Operating profit dropped to 423 million euros ($462.38…
Samsung Electronics estimated Friday a 15-fold rise in Q2 operating profit due to rebounding semiconductor prices from the AI boom.Samsung, the top memory chip, smartphone, and…
European banking executives assert that the rise in artificial intelligence will increase banks’ reliance on large US tech companies. Consequently, this poses new risks to the…