Apple announces multi-billion dollar deal with Broadcom to develop 5G radio frequency components in U.S. According to a press statement from Apple CEO Tim Cook, “We’re thrilled to make commitments that harness the ingenuity, creativity, and innovative spirit of American manufacturing.” On Tuesday morning, shares of Broadcom were up about 3%. Shares of Apple were…
The UK recently announced up to £1 billion ($1.24 billion) of support for its semiconductor industry to give a push to its domestic chip-making abilities and prevent further disruptions to supply chain systems after the call for help from leaders at some of the country’s leading companies. The investment will be a part of a…
Goldman Sachs believes that artificial intelligence technology could help drive S&P 500 profits over the next 10 years. Goldman’s senior strategist Ben Snider said, “Over the next 10 years, AI could increase productivity by 1.5% per year. And that could increase S&P500 profits by 30% or more over the next decade.” The emergence of ChatGPT…
An important committee of lawmakers in the European Parliament has approved an artificial intelligence regulating act — which might soon become the West’s first AI law. The approval signifies a landmark development in the competition among authorities to avail the edge in the AI space with breakneck speed. The law called the European AI Act,…
