Intel stock jumps on positive outlook despite Q3 losses
Intel (INTC) reported its third quarter earnings after the bell on Thursday, beating expectations on revenue but falling short on earnings per share due to impairment charges. But positive Q4 guidance and a beat on data center revenue helped send the stock higher, as the chipmaker’s shares were up over 5% Friday. For the quarter, […]
Apple Sparks Concerns With Tepid Forecast, China Weakness
Apple Inc., heading into its most critical sales period of the year, sparked fresh concerns about revenue growth and lingering weakness in an intensely competitive China market. Following the company’s quarterly earnings report, Apple said that total sales in the December period will rise by a percentage in the low-to-middle single digits. Analysts had been […]
Google expands AI search summaries to over 100 countries
Google is broadening the reach of its AI-generated search summaries, known as AI Overviews, to more than 100 countries this week. The feature is now available in regions including Canada, Australia, New Zealand, South Africa, Colombia, Chile, the Philippines, and Nigeria. AI Overviews support multiple languages, such as English, Hindi, Indonesian, Japanese, Portuguese, and Spanish. […]
Oracle applies to join Epic and others in new federal medical record network
Oracle on Monday announced it intends to join a new federally-backed medical network that will make it easier for clinics, hospitals and insurance companies to share patients’ data. The network, called the Trusted Exchange Framework and Common Agreement, or TEFCA, launched in December. Oracle, which acquired the medical records giant Cerner for $28 billion in 2022, is the latest major vendor to support […]
Google to buy power for AI needs from small modular nuclear reactor company Kairos
By Timothy Gardner WASHINGTON (Reuters) -Alphabet’s Google said on Monday it signed the world’s first corporate agreement to buy power from multiple small modular reactors to meet electricity demand for artificial intelligence. The technology company’s agreement with Kairos Power aims to bring Kairos’ first small modular reactor online by 2030, followed by additional deployments through […]
Block plunges to loss as bitcoin boost fades
Block Inc, the payments company led by Jack Dorsey, on Thursday reported a loss for the first quarter as demand for bitcoin softened due to a decline in cryptocurrency prices.
Amazon Prime will get more expensive for new subscribers starting on February 18th
A reminder that you can save $20 on an annual membership today By Cameron Faulkner@camfaulkner Feb 17, 2022, 1:17pm EST In case you missed out on the news from early February, Amazon Prime will see its first price increase in four years starting tomorrow, February 18th, for new subscribers. The annual cost will rise from $119 to $139, […]
FOLLOWING RECENT MERGER, STARTUP MONTRÉAL ANNOUNCES PROGRAM TO SPUR LATE-STAGE GROWTH
The Government of Québec has committed $6.5 million to the program. Startup Montréal has teamed up with Silicon Valley’s Apexe Global to launch Hypergrowth Québec (Hypercroissance Québec), a new mentorship and global commercialization program for late-stage Québec startups. The Government of Québec has committed $6.5 million CAD towards the program over the next two years. Through the provincially-backed […]
Supercomputer helps Canadian researcher uncover thousands of viruses that could cause human diseases
Team discovered more than 130,000 RNA-based viruses, including 9 coronaviruses Tracking pathogens that could spark future pandemics is no easy feat, but thanks to the help of a supercomputer, a Canadian researcher is among a team of scientists who’ve uncovered thousands of viruses that might one day pose a threat to humans. Dubbed the Serratus Project, […]
Amazon Is Raising Base Salary Cap to $350,000 From $160,000
Spencer Soper Mon., February 7, 2022 Amazon.com Inc. is more than doubling the maximum base salary it pays employees to $350,000 from $160,000. “This past year has seen a particularly competitive labor market, and in doing a thorough analysis of various options, weighing the economics of our business and the need to remain competitive for […]