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UnitedHealth beats on revenue despite impact from cyberattack

UnitedHealth Group reported better-than-expected revenue in its first-quarter results on Tuesday, though the company is still dealing with the fallout from the cyberattack on its subsidiary Change Healthcare. Here’s how the company did: Earnings: $7.16 per share adjusted, vs. $6.61 expected by analysts, according to LSEG. Revenue: $100.08 billion adjusted, vs. $99.26 billion expected by […]

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AMD rolls out its latest chips for AI PCs as competition with Nvidia and Intel heats up

POLAND – 2023/07/31: In this photo illustration an AMD logo seen displayed on a smartphone with stock market percentages on a laptop screen. (Photo Illustration by Omar Marques/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images U.S. chip design firm Advanced Micro Devices on Tuesday unveiled new processors to power artificial intelligence-enabled […]

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Microsoft, Meta, Apple and Alphabet transparency tools are a ‘disappointment’ ahead of election, new study shows

Heading into the 2024 election in the U.S. and major political contests around the world, internet companies are unprepared for the onslaught of misinformation that’s coming. That’s according to research out Tuesday from Mozilla and CheckFirst, which concludes that leading tech platforms are lagging in their ad transparency tools. The study, conducted between December and […]

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Tesla job cuts heighten Wall Street concerns that EV maker faces a demand problem

Tesla CEO Elon Musk arrives for a U.S. Senate bipartisan Artificial Intelligence Insight Forum at the U.S. Capitol in Washington, D.C., Sept. 13, 2023. Andrew Caballero-Reynolds | AFP | Getty Images Companies often see their stock price jump after announcing job cuts, as Wall Street rallies around the prospects for improved efficiency and profits. But […]

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Microsoft invests $1.5 billion in AI firm G42 which faces U.S. scrutiny for China ties

Microsoft President and Chief Legal Officer Brad Smith speaks during the annual Microsoft shareholders meeting in Bellevue, Washington on November 29, 2017. JASON REDMOND | AFP | Getty Images Microsoft will invest $1.5 billion into G42, an artificial intelligence firm based in the United Arab Emirates, as the U.S. giant looks to strengthen its position […]

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Baidu says its ChatGPT-like Ernie bot exceeds 200 million users

Men interact with a Baidu AI robot near the company logo at its headquarters in Beijing, China April 23, 2021. Florence Lo | Reuters SHENZHEN — Baidu CEO Robin Li said Tuesday the company’s ChatGPT-like Ernie bot has exceeded 200 million users. He added the company would hold another round of its AI development competition, […]

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Salesforce drops after reports it’s in talks to acquire Informatica

People pass by the Salesforce Tower and Salesforce.com offices in New York City on March 7, 2019. Brendan McDermid | Reuters Salesforce shares closed down 7% on Monday after reports over the weekend that the cloud software company is in advanced talks to buy data-management firm Informatica. Shares of Informatica, which has a market cap […]

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Particle Health says data dispute with Epic Systems not affecting most customers

Joos Mind | Photodisc | Getty Images Particle Health said on Monday that the “vast majority” of its customers are still receiving records from medical software giant Epic Systems despite an ongoing dispute between the two companies over data-sharing practices. Epic’s software supports more than 300 million patient records, and Particle acts like a middleman […]

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Tesla execs Drew Baglino and Rohan Patel depart as company announces steep layoffs

Rows of new Tesla cars are seen in a holding area near a customer collection point on April 15, 2024. Leon Neal | Getty Images Tesla executives Drew Baglino and Rohan Patel announced Monday they are leaving the electric vehicle maker and clean energy company. CEO Elon Musk thanked both departing execs on X, the […]

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Tesla will lay off more than 10% of global workforce: Read the Elon Musk memo

Tesla will lay off more than 10% of its global workforce, according to a memo sent to employees by CEO Elon Musk. The company’s shares were down around 3% on Monday morning. “As we prepare the company for our next phase of growth, it is extremely important to look at every aspect of the company […]