Taiwanese chipmaker TSMC is expected to post a 5% fall in first-quarter net profit on Thursday, with global economic woes denting demand for semiconductors used in everything from cars to advanced computing extending into the current quarter. Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world’s largest contract chipmaker and a major Apple Inc supplier, is […]
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The artificial intelligence behind ChatGPT, the homework-drafting chatbot that some schools have banned, is coming to more students via the company Chegg Inc. The U.S. educational software maker has combined its corpus of quiz answers with the chatbot’s AI model known as GPT-4 to create CheggMate, a study aide tailored to students, CEO Dan Rosensweig […]
Nine states, including Michigan and Nebraska, have joined a U.S. Department of Justice lawsuit against Alphabet’s Google which alleges the search and advertising company broke antitrust law in running its digital advertising business, the department said on Monday. The states joining the lawsuit were Arizona, Illinois, Michigan, Minnesota, Nebraska, New Hampshire, North Carolina, Washington and […]
Quantum computers promise to be millions of times faster than today’s fastest supercomputers, potentially revolutionizing everything from medical research to the way people solve problems of climate change. The wait for these machines, though, has been long, despite the billions poured into them. But the uncertainty and the dismal stock performance of publicly-listed quantum computer […]
Asset manager BlackRock Inc is launching a months-long process on Tuesday to help the Federal Deposit Insurance Corp offload $114 billion of assets it picked up recently from failed banks, Bloomberg News reported on Monday, citing emails. Earlier this month, the Federal Deposit Insurance Corp (FDIC) retained BlackRock’s unit to sell the securities portfolios it […]
Apple Inc is seeking to attract U.S. savers with a new high-yield deposit account it announced on Monday with partner Goldman Sachs Group Inc amid increased competition among financial institutions for consumer dollars. Apple said users of its Apple Card can earn 4.15% on savings accounts, or 10 times higher than the national average, citing […]
A look at the day ahead in Asian markets from Jamie McGeever. Investors’ focus on Tuesday rests squarely on China: From an economic and market perspective, eyes are on a raft of data including first-quarter GDP; while the latest twist in souring U.S.-Sino relations will do little to ease geopolitical concerns. U.S. law enforcement officials […]
Saturday April 15, 2023, Côte d’Ivoire – Early this morning, Tiemoko Antoine Assale, director of the satirical weekly “L’Eléphant déchaîné,” went live on Facebook calling for the boycott of Orange and MTN, two prominent telecom operators in the region, from the 15th to the 18th of April. Deputy Assale is the only one out of 255 committed to […]
National Public Radio (NPR) will no longer post content to its 52 official Twitter feeds in protest against a label by the social media platform that implies government involvement in the U.S. organization’s editorial content. NPR said on Wednesday Twitter refused its repeated requests to remove the inaccurate label of “state-affiliated media”, now changed to […]
China’s exports unexpectedly surged in March, with officials flagging rising demand for electric vehicles, but analysts cautioned the improvement partly reflects suppliers catching up with unfulfilled orders after last year’s COVID-19 disruptions. Exports in March shot up 14.8% from a year ago, snapping five straight months of declines and stunning economists who predicted a 7.0% […]