Phoenix Group exceeded City expectations, with strong cash generation and new business, pushing shares up 8%.
From Morningstar.: Phoenix Group shares surged 8.5% to 533.4p as annual results surpassed City expectations, with total cash generation at
Category: Business
Active managers struggle to beat passive funds overall, but excel in global equity income and fixed income
From Morningstar: Monika Calay, director of passive strategies research at Morningstar, discusses the Active/Passive Barometer research. Over the past decade,
Nvidia dominates AI semiconductor market, Intel falls behind, Elon Musk plans custom AI chips, Apple considers Google.
From Quartz: Nvidia continues to dominate the AI semiconductor market with a 80% market share, while competitor Intel falls behind
Disney partners with Google and The Trade Desk for real-time ad exchange, Nvidia unveils new AI chip
From ExchangeWire: This week, Disney has partnered with Google and The Trade Desk to expand its Real-Time Ad Exchange, while
Microsoft CEO dismisses OpenAI's importance, prioritizes IP rights over AI development
From Mint: 1. Prominent investor Zak Kukoff criticizes Microsoft CEO over remarks on OpenAI’s ChatGPT development, highlighting concerns about GPT-4’s
OpenAI CEO Sam Altman's Reddit stake increases by $200 million after IPO launch
From Hindustan Times: OpenAI CEO Sam Altman’s stake in Reddit increased by $200 million to over $613 million after the
Apple faces antitrust lawsuit alleging monopolistic practices in smartphone industry
March 21, 2024 by MarketNewsData The United States Department of Justice (DOJ), in collaboration with 16 states and the District
Reddit's IPO debut at $9 billion, focusing on advertising revenue growth and content licensing.
From Sydney Morning Herald: Reddit’s IPO debut valuated the company at $9 billion, a far cry from Meta Platforms’ $1.2
Imbue raises over $200 million in Series B funding, highlighting AI's potential beyond clichés.
From NVIDIA: 2024-03-21 19:00:05 Imbue, a company founded in October 2022, made waves with a Series B fundraiser raising over
Nike beats estimates in Q3 earnings with strong North American growth, improvement in gross margin
From CNBC: Nike reported slower China sales in the holiday quarter but beat top and bottom line estimates due to
United Airlines now allows customers to combine frequent flyer miles with family and friends
From CNBC: United Airlines is allowing customers to pool frequent flyer miles with family and friends for travel on the
Medicare now covers weight loss drugs that provide added health benefits
From CNBC: Medicare can now cover certain weight loss drugs with added health benefits, such as Novo Nordisk’s Wegovy. This
ESPN plans to launch new streaming service in 2025 for personalized, fan-focused content
From CNBC: In a changing media landscape, ESPN faces declining cable subscriptions and stagnant revenue growth. To adapt, Disney plans
Top 10 richest cities in America with growing millionaire and billionaire populations
From CNBC: 1. New York City is named the No. 1 place for ultra-high-net-worth individuals to own property, with nearly
OpenAI plans to release GPT-5 in summer after improvements, addressing potential vulnerabilities.
From Vice Media Group: OpenAI has been showcasing GPT-5 to potential buyers, receiving high praise for its impressive enhancements and
Disney's former CEO Bob Chapek believes ESPN can thrive without strategic partners.
From CNBC: 2024-03-21 13:11:47 Disney’s former CEO Bob Chapek hinted at no benefit in adding more minority partners to Disney-owned
February saw a surprising 9.5% spike in home sales, with increased supply and rising prices.
From CNBC: Sales of existing homes saw a surprising surge of 9.5% in February, reaching 4.38 million units. The increase
ISS recommends Nelson Peltz for Disney board in proxy fight against CEO Bob Iger
From CNBC: Proxy advisory firm ISS recommended that Walt Disney shareholders elect Nelson Peltz, an activist investor, to the board
Investors are looking for AI stocks with revenue from generative AI, with opportunities and risks present
From Investor’s Business Daily: Investor interest in AI is surging, leading companies to tout AI product roadmaps. But finding legit
Intuitive Machines reports improved financials, gearing up for second lunar mission
From CNBC: Intuitive Machines completed its historic moon landing with the IM-1 lander, reporting fourth-quarter results showing a cash balance
Microsoft's AI success overshadowed by internal conflicts with OpenAI partnership
From Future plc: Microsoft’s big bet on AI pays off, surpassing Apple as the world’s most valuable company with a
Nvidia adds "Dragon's Dogma 2" to GeForce NOW library, offering immersive fantasy adventure
From Nvidia: March 26, 2024 “Dragon’s Dogma 2” joins the GeForce NOW library, promising an immersive fantasy adventure with customizable
NVIDIA introduces LATTE3D, an AI model creating 3D shapes from text prompts quickly.
From NVIDIA: 2024-03-21 09:00:51 NVIDIA researchers have introduced LATTE3D, a text-to-3D generative AI model capable of instantly creating 3D representations
NVIDIA CEO and researchers discuss groundbreaking transformer model for AI advancement
From NVIDIA: At GTC, NVIDIA founder and CEO Jensen Huang hosted a session with the authors of the renowned research
OpenAI rumored to launch potential successor to GPT-4 with new features and improvements
From Techzine: OpenAI is rumored to be launching the successor to GPT-4, potentially named GPT-5, by the middle of the