Microsoft Overtakes Apple as Most Valuable Stock in the World
Microsoft Corp. has achieved a significant milestone, surpassing Apple Inc. to reclaim its position as the world's most valuable publicly traded company. This feat comes after more than two years, with concerns over smartphone demand putting pressure on Apple's stock in recent weeks. On Friday, Microsoft's stock climbed 1%...
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OpenAI’s nonprofit arm showed revenue of $45,000 last year, even though company is worth billions
OpenAI’s nonprofit branch disclosed a modest revenue of $45,000 for the past year, a stark contrast to the company's staggering valuation of $86 billion, primarily attributed to the success of ChatGPT. The nonprofit's financial details surfaced through its 990 filing with the Internal Revenue Service (IRS), mandated for organizations...
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Jack Ma’s Biggest E-Commerce Rival Pinduoduo Is Coming for Amazon
In a surprising turn of events, Pinduoduo (PDD), a relatively unknown player in the e-commerce industry, has managed to surpass the market capitalization of Alibaba, the e-commerce giant co-founded by Jack Ma. This achievement has raised eyebrows and sparked a wave of curiosity as to whether Pinduoduo's success is...
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China’s Surging Demand for Commodities Defies Economic Trends.
In a surprising turn of events, China's insatiable demand for commodities is breaking the mold of a slowing macroeconomic growth narrative. Recent observations by investment giant Goldman Sachs have revealed that China's demand for commodities, particularly copper, iron ore, and oil, has surged beyond expectations. Copper, the red metal...
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Meta Brings Chatbots, Image Editing to Social Media Apps.
Meta, the parent company of Facebook, is set to revolutionize social media apps with the introduction of chatbots and image editing features. Meta brings chatbots enhancements that will elevate user experiences and unlock exciting possibilities for social media enthusiasts. Chatbots have gained significant popularity in recent years, and Meta...
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