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The S&P 500 futures are up 16.5 points today as the markets await the Fed Chair’s testimony and the US jobs data. On Tuesday, the benchmark indices of the US stock markets tumbled to fresh weekly lows as tech stocks like Tesla, Apple, Amazon, and Microsoft faced notable declines. At press time, the Emini S&P 500 futures stood at 5,107 points. On Wednesday, Fed Chair Jerome Powell is set to appear in front of US Congress, and investors will be closely following his speech for hints of any timeline for…

Even the deepest pockets have their limits. Amazon and Google-parent Alphabet sit on a combined $184 billion in cash and short-term investments. Those two, along with big tech peers Microsoft, Apple and Facebook-parent Meta Platforms, hold the highest such balances among nonbanking companies on the S&P 500, according to data from S&P Global Market Intelligence. Amazon and Alphabet are also currently generating just under $95 billion combined in annual free cash flow. Copyright ©2024Dow Jones & Company, Inc.…

Days after “Cyberpunk 2077” made its debut in December 2020, the much-hyped videogame was so buggy that Sony Group pulled it from its PlayStation store and players plastered social media with complaints of glitches. The misfire surprised gamers partly because “Cyberpunk 2077,” featuring actor Keanu Reeves, was one of the most expensive games ever released. Last month, it capped an improbable comeback by winning best ongoing game at one of the industry’s biggest awards shows.Copyright ©2024Dow Jones & Company, Inc.…

The European Union is looking into whether the bloc could launch a review of Microsoft’sinvestment in ChatGPT maker OpenAI under its merger regulations, a month after the U.K.’s Competition and Markets Authority launched a probe into whether their partnership could have an impact on competition.The European Commission, the EU’s executive arm, made the disclosure on Tuesday as it sought input from interested parties on the level of competition in virtual worlds and generative artificial intelligence, and feedback on what…

Even if you’ve run out of space on Apple iCloud or Google One, you don’t always have to buy more. Even if you’ve run out of space on Apple iCloud or Google One, you don’t always have to buy more. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of…

OpenAI’s management chaos in November could have long-lasting effects on its business as some of the company’s customers say it was a wake-up call about the risks of being too reliant on one company’s tech.Executives at companies that use OpenAI’s software say they are increasingly looking to also use others’ technology to protect themselves from the risks of problems at any one. OpenAI’s competitors are using the opportunity to sign up wary customers.Copyright ©2024Dow Jones & Company, Inc. All Rights Reserved.…

The New York Times sued Microsoftand OpenAI for alleged copyright infringement, touching off a legal fight over generative-AI technologies with far-reaching implications for the future of the news publishing business.In a complaint filed Wednesday, the Times said the technology companies exploited its content without permission to create their AI products, including OpenAI’s humanlike chatbot ChatGPT and Microsoft’s Copilot. The tools were trained on millions of pieces of Times content, the suit said, and draw on that…

Videogame boss Tim Sweeney is on a winning streak.His company, closely held Epic Games, defeated tech behemoth Google in court on Monday, and its years-old megahit “Fortnite”—which served as the catalyst for the legal battle—is undergoing a resurgence in popularity. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Videogame boss Tim Sweeneyis on a winning streak.His company, closely held Epic Games, defeated tech behemoth Google in court on Monday, and its years-old…

Updated Dec. 15, 2023 5:41 pm ETActivision Blizzard has agreed to pay about $50 million to settle a high-profile lawsuit by a California regulator that helped spur Microsoft’s October takeover of the videogame company, according to people familiar with the matter.California’s Civil Rights Department sued Activision in mid-2021, alleging its leadership ignored numerous employee complaints of sexual harassment, discrimination and pay disparity. Copyright ©2023Dow Jones & Company, Inc. All Rights Reserved.…

Journal Reports: LeadershipWhat’s New in the Best Managed Companies Rankings in 2023By Rick Wartzman , and Kelly TangDecember 13, 2023 at 1:02 PM ETThe main difference: a new metric that measures how well companies foster career mobility. Journal Reports: LeadershipWhat’s New in the Best Managed Companies Rankings in 2023By Rick Wartzman , and Kelly TangDecember 13, 2023 at 1:02 PM ETThe main difference: a new metric that measures how well companies foster career mobility. FOLLOW US ON GOOGLE NEWS Read original…