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Apple (AAPL) announced Monday that it will spend and invest more than $500 billion in the US over the next four years, including plans to build a new manufacturing factory, double its advanced manufacturing fund, and hire 20,000 people. "We are bullish on the future of American innovation, and we're proud to build on our long-standing U.S. investments with this $500 billion commitment to our country’s future,” Apple CEO Tim Cook said in a statement. "From doubling our Advanced Manufacturing Fund, to building advanced technology in Texas, we’re thrilled to expand our support for American manufacturing. And we’ll keep working...

Apple is partnering with Alibaba to roll out artificial intelligence features for iPhone users in China, the Information reported on Tuesday, citing one person with direct knowledge of the decision.The development could clear months of uncertainty over Apple's AI strategy for China, where it has been losing market share to domestic rivals, including a resurgent Huawei whose smartphones have included AI tools since last year...Apple had selected Baidu as its main partner last year, but the Chinese company's progress in developing models for Apple Intelligence fell short of its standards, the report said.After that, Apple considered models developed by Tencent,...

Chinese tech company Alibaba has unveiled a new artificial intelligence (AI) model that it claims outperforms its rivals at OpenAI, Meta and DeepSeek. The announcement of the Qwen2.5-Max model yesterday (Jan. 29) is the second major AI announcement from China this week, after DeepSeek's R1 open-weight model took the world by storm following claims that it performs better and is more cost-effective than its American competitors. Now, Alibaba claims that Qwen 2.5-Max, which is also partly open-source, is even more impressive — surpassing a number of rival models in various tests run by the company. "In benchmark tests such as...

BEIJING, Jan 29 (Reuters) - Chinese tech company Alibaba (9988.HK), opens new tab on Wednesday released a new version of its Qwen 2.5 artificial intelligence model that it claimed surpassed the highly-acclaimed DeepSeek-V3. The unusual timing of the Qwen 2.5-Max's release, on the first day of the Lunar New Year when most Chinese people are off work and with their families, points to the pressure Chinese AI startup DeepSeek's meteoric rise in the past three weeks has placed on not just overseas rivals, but also its domestic competition. "Qwen 2.5-Max outperforms ... almost across the board GPT-4o, DeepSeek-V3 and Llama-3.1-405B,"...

Atop a newly completed, 3.5-million-square-foot building that stands on 1,100 acres in the Arizona desert north of Phoenix is a giant logo of a microchip wafer and the letters TSMC.Taiwan Semiconductor Manufacturing Company's first Arizona chip fabrication plant, or fab, is making history because it's the most advanced chip fab on U.S. soil, and Apple has committed to being the site's largest customer.CNBC first visited the fab in 2021, not long after TSMC broke ground. The company initially announced the plant would cost $12 billion and pump out 5-nanometer chips by the end of 2024. Three years later, that price...

Since the end of 2023 Berkshire has sold 505 million Apple shares — 115 million in the first quarter and another 390 million in the second quarter. As of June 30, that represents a 55.8% reduction in Berkshire’s Apple holdings since the beginning of the year, Reuters noted.

Warren Buffett hasn’t found a lot to like in the stock market recently.In each of the last six quarters, Buffett has sold more stocks for Berkshire Hathaway (BRK.A) (BRK.B) than he bought. Last quarter, he sold off a big chunk of his Apple (NASDAQ: AAPL) position and the entirety of his Paramount Global (NASDAQ: PARA) investment. All told, he sold nearly $20 billion worth of stocks from Berkshire’s portfolio, and he bought less than $3 billion.Buffett lamented investment opportunities for Berkshire are few and far between as the company grows bigger. With a market cap of about $877 billion, there...

"This is America, where racism is the No1 value our populace seeks to uphold above all others."... This is the kind of sentiment you used to only hear in faculty lounges, freshman dormitories and left-wing struggle sessions. But times are changing. These are the words not of some blue-haired student, but of Jack Krawczyk, one of Silicon Valley’s most influential figures. Krawczyk is the senior director of product management for Gemini, Google’s main group of artificial-intelligence models. Krawczyk, who tweeted that in 2018, was the person primarily responsible for the implosion of the obscenely woke Google Gemini AI last month....

Look out, Apple (AAPL)! Microsoft (MSFT) is right on your tail and gaining fast. Supercharged by its AI chops, Microsoft's market value is now $2.8 trillion — just 5.7% shy of Apple's at $2.98 trillion. That means Microsoft's share price only needs to hit 400.53 — it's already at 377.80 — to dethrone Apple as the most valuable S&P 500 company. Given Apple's reliance on now-ubiquitous smartphones, it's only a matter of time when it bows out to faster-growing Microsoft, analysts say. "As markets and investors start to wrap up the year, Microsoft seems destined to be the most valuable...

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Crypto YouTuber and trader Lark Davis has posted a tweet, in which he reminded followers of the recent news of the Bitcoin whitepaper spotted within the operational system of Mac computers...The blogger also stated that the periods when Satoshi went off the grid and Steve Jobs differ by just one year, with these events happening in 2010 and 2011. With this tweet, he started a poll, offering his audience the choice between three answers: "yes" Steve Jobs was Satoshi, "no" he was not and "it does not matter."A total of 37.7% of the respondents chose "no." Slightly less but close...

Apple on Monday launched its Apple Card savings account with a 4.15% annual percentage yield. It requires no minimum deposit or balance...once a user sets up a savings account, all of the Daily Cash that is earned from then on will automatically be deposited there...Daily Cash is the Apple Card reward program that offers up to 3% back on purchases.

By a dusty stretch of the deafening road from Chennai to Bengaluru lie three colossal, anonymous buildings. Inside, away from the din of traffic, is a high-tech facility operated by Foxconn, a Taiwanese manufacturer. A short drive away Pegatron, another Taiwanese tech firm, has erected a vast new factory of its own. Salcomp, a Finnish gadget-maker, has set one up not far away. Farther west is a 500-acre campus run by Tata, an Indian conglomerate. What these closely guarded facilities have in common is their client: a demanding and secretive American firm known locally as “the fruit company”. The mushrooming...

Outbound shipments in October shrank 0.3% from a year earlier, a sharp turnaround from a 5.7% gain in September, official data showed on Monday, and well below analysts’ expectations for a 4.3% increase. It was the worst performance since May 2020. The data suggests demand remains frail overall, heaping more pressure on the country’s manufacturing sector and threatening any meaningful economic revival in the face of persistent COVID-19 curbs, protracted property weakness and global recession risks. Chinese exporters weren’t even able to capitalize on a further weakening in the yuan currency and the key year-end shopping season, underlining the broadening...

Due to the interest in Pelosi's trading after her NVDA, AAPL, and AMZN trades after releasing options, we show all her trades in one place. In the House and the Senate reports, we showed that both parties, no matter their allegiance, seem to be trading and often legislating to benefit their own positions. Pelosi.....or rather her spouse.....seems no different. Here are one year returns for Pelosi at the current date, in her stocks and options positions. So far, Pelosi's family has done very well trading over the last year. Her one year returns for her stocks is 45.59%, and her...

Nancy Pelosi's son was involved in five companies probed by federal agencies – but has never been charged himself, a DailyMail.com investigation reveals. A shocking paper trail shows Paul Pelosi Jr.'s connections to a host of fraudsters, rule-breakers and convicted criminals. His years-long repeated business dealings raise two troubling questions Nancy's son has been unable to answer: why did he get mixed up with such unsavory characters over and over, and how involved was he with the criminal investigations into his fraudster colleagues?

Nancy Pelosi's son was involved in five companies probed by federal agencies – but has never been charged himself, a DailyMail.com investigation reveals. A shocking paper trail shows Paul Pelosi Jr.'s connections to a host of fraudsters, rule-breakers and convicted criminals. His years-long repeated business dealings raise two troubling questions Nancy's son has been unable to answer: why did he get mixed up with such unsavory characters over and over,

Apple's success in China is allegedly down to an agreement with the country's government to help develop its economy, with a report claiming CEO Tim Cook personally lobbied officials to get the best deal for the company.

- CPI surged 0.8% MoM (4 times the +0.2% expected) and exploded 4.2% YoY. That is the biggest YoY jump since Sept 2008 (and biggest MoM jump since June 2008). - The core CPI rose 3.0% over the past 12 months; this was its largest 12-month increase since January 1996. - This spooked investors. Contracts for the Nasdaq 100, which is dominated by technology, fell sharply, while those for the benchmark S&P 500 also declined significantly.

AAPL -0.12% SPX +0.20% DJIA +0.27% MSFT +0.30% Apple’s 4-for-1 stock split goes into effect at the close of trading Friday. In theory, stock splits like this one don’t mean much. If today you own 100 shares worth $500 each, on Monday you will have 400 shares worth $125 each. But it turns out that splits matter more than you’d logically think. The last Apple (ticker: AAPL) split was 7-for-1, in June 2014. There were 2-for-1 splits in February 2005, June 2000, and May 1987. Had Apple never split the stock, the current share price would be around $28,000. Apple...