Technology

14 Aug

David Tepper Sticks to China Bet While Trimming Nvidia Holdings

stp2y0 CommentsRAG modelsALIBABA GROUP HOLDING-SP ADR, BAIDU INC - SPON ADR, china, David Alan Tepper, E-commerce, JD.COM INC-ADR, KE HOLDINGS INC-ADR, Michael James Burry, NVIDIA CORP, regulation, Technology

Billionaire investor David Tepper held about steady in the Chinese companies that he scooped up earlier this year, even as he trimmed his stakes in Alibaba Group Holding Ltd. and US tech giants.While Tepper’s Appaloosa Management cut its stakeBloomberg Terminal in Alibaba by about 7% in the second quarter, the Chinese e-commerce giant remains the fund’s biggest position, accounting for 12% of its $6.2 billion equity portfolio, according to a 13F regulatory filing Wednesday. Source link lol

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14 Aug

Google Play ‘Can Do Better’ on Faster Antitrust Fix, Judge Says

stp2y0 CommentsRAG modelsALPHABET INC-CL A, android, apps, california, EPIC GAMES INC, europe, FASTER, law, policy, san francisco, Technology

A California federal judge said he will order Alphabet Inc.’s Google to open up its app store in the coming weeks and chided the tech giant for not accepting a jury verdict that it monopolized Android app distribution and billing.Jurors in December sided with the maker of the popular video game Fortnite and concluded that Google unlawfully abused its power over Android apps, which brought in $14.66 billion in revenue in 2020 for the tech company. US District Judge James Donato in San Francisco is now deciding what policy changes Google must make to comply with federal antitrust law. Source…

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14 Aug

Hedge Funds Add Apple, Reshuffle Technology Portfolio

stp2y0 CommentsRAG modelsALIBABA GROUP HOLDING-SP ADR, AMAZON.COM INC, APPLE INC, artificial intelligence, Hedge Funds, iphone, JANUS HENDERSON GROUP PLC, Michael James Burry, NVIDIA CORP, Technology, THIRD POINT LLC

Hedge funds continued to buy into some of the biggest technology companies including Apple Inc. in the second quarter while trimming positions in Nvidia Corp., as they reshuffle their positions in the artificial intelligence boom that had fueled a blistering rally in the US stock market.The iphone maker saw the biggest increase by market value for a single stock in the three months through the end of June, according to Bloomberg’s analysis of data from 13F filings. The stock soared nearly 25% during the period, attracting an aggregated net buy of more than 8.5 million shares from hedge funds. Janus…

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14 Aug

Brain Tech Breakthrough Restores ALS Patient’s Ability to Speak

stp2y0 CommentsRAG modelsartificial intelligence, Bonds, california, Elon Reeve Musk, NEURALINK CORP, NEW ENGLAND JOURNAL OF MEDIC, san francisco, science, startups, SYNCHRON INC, Technology

Last August, Casey Harrell spoke the first clear words his five-year-old daughter could remember hearing him say, a repeat of his wedding vows to her mother, Levana Saxon. The adults in the room cried. The moment was possible thanks to a wave of innovation in one of the most challenging areas of medicine: reconnecting the brain to the body once something – an accident or an illness – has severed the ties. While Elon Musk’s Neuralink Corp. gets most of the attention and investor money in the space, academic labs and rival startups are notching significant advances in repairing that…

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14 Aug

Apple Pushes Ahead with Tabletop Home Device in Shift to Robotics

stp2y0 CommentsRAG modelsAMAZON.COM INC, APPLE INC, artificial intelligence, Autonomous Vehicle, engineering, hardware, ipad, META PLATFORMS INC-CLASS A, robotics, software, Technology

Apple Inc., seeking new sources of revenue, is moving forward with development of a pricey tabletop home device that combines an iPad-like display with a robotic limb. The company now has a team of several hundred people working on the device, which uses a thin robotic arm to move around a large screen, according to people with knowledge of the matter. The product, which relies on actuators to tilt the display up and down and make it spin 360 degrees, would offer a twist on home products like Amazon.com Inc.’s Echo Show 10 and Meta Platforms Inc.’s discontinued Portal. Source…

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14 Aug

InfraVia Weighing Sale of €1 Billion Swiss Data Center Operator

stp2y0 CommentsRAG modelsbusiness, Capital Partners, deals, europe, finance, Markets, Private Equity, Switzerland, Technology

French private equity firm InfraVia Capital Partners is considering a sale of Swiss data center operator Green, according to people with knowledge of the matter. InfraVia is working with advisers on the potential divestment, which could value the company at about €1 billion ($1.1 billion), said the people, who asked not to be identified as the information is private. Source link lol

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14 Aug

Suspected Iranian Campaign Hack Hits Different Than 2016 Havoc

stp2y0 CommentsRAG modelsartificial intelligence, business, cybersecurity, Donald John Trump, Federal Bureau of Investigation, Government, Iran, MICROSOFT CORP, Public Opinion, russia, social media, Social Security, Technology

Trump is a favorite target for foreign operatives acting online. Source link lol

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14 Aug

Apple to Open Payment Chip to Third Parties and Charge Fees

stp2y0 CommentsRAG modelsAPPLE INC, Australia, brazil, europe, Government, ios, iphone, privacy, regulation, software, Technology

Apple Inc. will begin letting third parties use the iPhone’s payment chip to handle transactions, a move that allows banks and other services to compete with the Apple Pay platform.The move, announced Wednesday, follows years of pressure from regulators, including those in the European Union. Apple said it will allow developers to use the component starting in iOS 18.1, an upcoming software update for the iPhone. The payment chip relies on a technology called NFC, or near-field communication, to share information when the phone is near another device. Source link lol

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14 Aug

Stonehenge Altar Stone Was From Scotland Not Wales, Say Scientists

stp2y0 CommentsRAG modelsABERYSTWYTH UNIVERSITY, Australia, construction, Great Britain, Materials, Perth, Scotland, SYSTEMS GROUP/THE, Technology, UNIVERSITY COLLEGE LONDON, UNIVERSITY OF ADELAIDE

The largest Altar Stone at the heart of Stonehenge is actually Scottish not Welsh, research suggests.The "remarkable" discovery has left experts "stunned" and busts a century-long held belief about the origins of the bluestone at the centre of the prehistoric monument. Source link lol

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14 Aug

Tencent Says in Talks With Apple About Mini Games Mobile Revenue

stp2y0 CommentsRAG modelsAPPLE INC, apps, BYTEDANCE LTD, china, Earnings, ios, iphone, James Gordon Mitchell, social media, Technology, TENCENT HOLDINGS LTD

Tencent Holdings Ltd. acknowledged for the first time it’s in discussions with Apple Inc. about sharing the revenue that flows through its popular WeChat mini games, a potentially significant move for China’s mobile developer ecosystem.The Chinese company is exploring ways to offer in-app transactions via Apple’s iOS payment system, Chief Strategy Officer James Mitchell told analysts on an earnings call. Such a change would enable the US firm to begin taking a cut of in-game transactions. Source link lol

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