Investment and ROI

Britain Announces $1.2 Billion of Support for Semiconductor Industry after US and EU

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...

Investment and ROI

Goldman Sachs Says, AI could increase S&P 500 Profits by 30% Over the Next 10 Years

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...

Investment and ROI

Cloud Business of Google Turns Profitable for the First time after Years of Heavy Investment

Google has been investing a lot of money into its cloud-computing business to compete with Microsoft and Amazon. Those high investments are ultimately turned into a profit. Alphabet said that Google’s cloud-computing business is profitable for the first time after years of...

Investment and ROI

Amazon CEO Says he doesn’t pay attention to the Company’s stock price

Amazon CEO Andy Jassy said he doesn’t pay much attention to the company’s stock price, even after the shares lost half their value in 2022 amid fears of a recession and a bad year for tech stocks across the board. Jassy...

Investment and ROI

OpenAI CEO is slightly scared of AI but also sees the huge opportunity

OpenAI CEO Sam Altman expressed that he is slightly scared of artificial intelligence technology and how it might affect the workforce, the spread of disinformation, elections, etc. OpenAI developed the ChatGPT that creates human-like responses to questions and sparked a new AI...

Investment and ROI

White House Aims to Shift Cybersecurity Burden to Tech Providers

The White House announced its much-awaited National Cyber Strategy. It provides a road map for how the White House administration aims to defend the USA from an increasing number of online threats. A key element of the new strategy consists...

Investment and ROI

The Shares Of Alphabet Decline 7% After Google’s AI Event

The shares of Google’s parent company Alphabet declined more than 7% following an event of company to promote its new AI-powered chatbot called Bard. Google publicly announced AI-powered Bard recently and expressed that it will begin to roll out the AI-powered Bard technology...

Interest Rates and Wealth Management

Rate Hikes Are Slowed By Federal Reserve, Ecb, And Boe

Three of the world’s highly influential central banks reduced their pace of increase in interest-rate hikes. These banks acknowledged that somewhat price pressures are easing but also stressed that inflation is still far from over. The Federal Reserve, Bank of...

Interest Rates and Wealth Management

Federal Reserve Officials Anticipate Higher Interest Rates For Some Time Ahead

Federal Reserve authorities are determined to fight inflation and are expecting higher interest rates for some time ahead until the inflation is within the target range of Federal Reserve, as discussed in the Fed’s December meeting. Federal Reserve policymakers at...

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