BUSINESS

Meta Profits Soar But Costs Of AI Cause Worry

Meta's growth is due in particular to its sophisticated advertising tools and the success of "Reels"
Facebook-owner Meta on Wednesday said its quarterly profits soared last quarter, but worries about the cost of artificial intelligence saw its share price take a hit on Wall Street.
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Taiwan Semiconductor Manufacturing Company -- whose clients include Apple and Nvidia -- controls more than half the world's output of silicon wafers

Taiwan Chip Giant TSMC's Profits Surge On AI Demand

Taiwanese semiconductor giant TSMC announced Thursday a nearly 9 percent increase in net profits in the first quarter of 2024, buoyed by global demand for its microchips used to power everything from mobile phones to AI technology.
Indian media reports suggest Musk's trip will begin as soon as Sunday and last two days

Tesla, Starlink Entry On Agenda When Musk Heads To India

Tech billionaire Elon Musk is set to visit India as his businesses seek new markets in the world's most populous nation, with electric carmaker Tesla -- suffering a sales downturn in the United States -- reportedly scouting factory locations.
The announcement coincides with Japanese Prime Minister Fumio Kishida's visit to Washington, underscoring Tokyo's commitment to becoming a major AI power

Microsoft To Invest $2.9 Bn In Japan AI Push

Microsoft on Tuesday announced a $2.9 billion investment over the next two years in Japan to bolster the country's push into artificial intelligence and strengthen its cyber defences in the face of threats from China and Russia.
Chicago Federal Reserve President Austan Goolsbee said he still saw three rate cuts this year

Stock Markets Mostly Rise Before US Data

European and Asian stock markets mostly rose and the dollar fell Tuesday ahead of US consumer data that could make clearer the outlook for interest rates in the world's top economy.
Apple computers on display at an Apple store in Miami, Florida on April 11, 2023

Apple's 'Walled Garden' Under Fire In Lawsuit

Call it a "walled garden" or an ecosystem, but at the heart of Thursday's blockbuster US lawsuit against Apple are the many ways the company gets customers to remain faithful to its products.

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