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Amazon Debuts New AI Chip, Bolsters $NVDA Nvidia Partnership at Reinvent
$Amazon(AMZN.US$$NVIDIA(NVDA.US$ Key Details:
✅ AWS launches new Trainium2 AI chip and Graviton4 general-purpose processor.
✅ Amazon to offer access to Nvidia’s cutting-edge H200 AI GPUs.
✅ Graviton4 promises 30% better performance over Graviton3, with energy-efficient design.
✅ Over 50,000 AWS customers already utilize Graviton chips.
✅ AWS to house 16,000+ Nvidia GH200 Grace Hopper Superchips exclusively for N...
✅ AWS launches new Trainium2 AI chip and Graviton4 general-purpose processor.
✅ Amazon to offer access to Nvidia’s cutting-edge H200 AI GPUs.
✅ Graviton4 promises 30% better performance over Graviton3, with energy-efficient design.
✅ Over 50,000 AWS customers already utilize Graviton chips.
✅ AWS to house 16,000+ Nvidia GH200 Grace Hopper Superchips exclusively for N...
2
AWS Collaborates with Amgen to Revolutionize Medicine Manufacturing with AI
$Amazon(AMZN.US$$Amgen(AMGN.US$$Moderna(MRNA.US$
Key Details:
✅ AWS partners with Amgen to enhance drug discovery and manufacturing using generative AI.
✅ Amgen's new Ohio facility to leverage AWS’s technology for improved operational efficiency.
✅ The collaboration aims to accelerate medication delivery for serious illnesses.
✅ Amgen to utilize Amazon SageMaker for data analysis and predictive maintenance in m...
Key Details:
✅ AWS partners with Amgen to enhance drug discovery and manufacturing using generative AI.
✅ Amgen's new Ohio facility to leverage AWS’s technology for improved operational efficiency.
✅ The collaboration aims to accelerate medication delivery for serious illnesses.
✅ Amgen to utilize Amazon SageMaker for data analysis and predictive maintenance in m...
Apple to End Credit-Card Partnership with Goldman Sachs
$Apple(AAPL.US$$Goldman Sachs(GS.US$$Morgan Stanley(MS.US$$PayPal(PYPL.US$
Key Details:
✅ Apple proposes to terminate its credit-card partnership with Goldman Sachs, impacting their joint card and savings account ventures.
✅ The tech giant plans to exit the agreement in approximately 12-15 months, a significant shift from the partnership extension until 2029.
✅ Goldman Sachs, facing substantial losses in consumer lending, initiated discuss...
Key Details:
✅ Apple proposes to terminate its credit-card partnership with Goldman Sachs, impacting their joint card and savings account ventures.
✅ The tech giant plans to exit the agreement in approximately 12-15 months, a significant shift from the partnership extension until 2029.
✅ Goldman Sachs, facing substantial losses in consumer lending, initiated discuss...
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Google Play's Revenue Per Download Soars, Monopoly Questions Arise
$Alphabet-C(GOOG.US$$Alphabet-A(GOOGL.US$ Key Details:
✅ Google Play's revenue per app download hit 78 cents in 2021.
✅ A significant increase from 15 cents in 2015, marking fivefold growth in 6 years.
✅ 2020 saw 61 cents per download, showcasing a steady year-over-year increase.
✅ Expert testimony suggests Google's profits are indicative of monopoly power.
Context/Background:
For those not familiar, app stores like Google Pla...
✅ Google Play's revenue per app download hit 78 cents in 2021.
✅ A significant increase from 15 cents in 2015, marking fivefold growth in 6 years.
✅ 2020 saw 61 cents per download, showcasing a steady year-over-year increase.
✅ Expert testimony suggests Google's profits are indicative of monopoly power.
Context/Background:
For those not familiar, app stores like Google Pla...
2
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Record-Breaking $9.8 Billion in U.S. Online Black Friday Sales
Key Details:
✅ Black Friday online spending in the U.S. soared to a new high of $9.8 billion, marking a 7.5% increase from last year.
✅ Mobile shopping contributed a substantial $5.3 billion, hinting at the influence of social media on impulse buying.
✅ The 'Buy Now, Pay Later' option gained traction, with usage up 47%, reflecting ongoing consumer budget constraints.
✅ Electronics, toys, and gaming dominated sales, while home-repa...
✅ Black Friday online spending in the U.S. soared to a new high of $9.8 billion, marking a 7.5% increase from last year.
✅ Mobile shopping contributed a substantial $5.3 billion, hinting at the influence of social media on impulse buying.
✅ The 'Buy Now, Pay Later' option gained traction, with usage up 47%, reflecting ongoing consumer budget constraints.
✅ Electronics, toys, and gaming dominated sales, while home-repa...
2
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Australia's ACCC Advocates New Competition Laws for Digital Titans
Key Details:
✅ The Australian Competition and Consumer Commission (ACCC) calls for new laws targeting digital platforms.
✅ Expansion of giants like Amazon, Apple, Google, Meta, and Microsoft sparks concerns over consumer choice and data practices.
✅ ACCC suggests tailored consumer protections and codes to curb anti-competitive behaviors by major digital platforms.
✅ No specific anti-competitive actions identified, but potentia...
✅ The Australian Competition and Consumer Commission (ACCC) calls for new laws targeting digital platforms.
✅ Expansion of giants like Amazon, Apple, Google, Meta, and Microsoft sparks concerns over consumer choice and data practices.
✅ ACCC suggests tailored consumer protections and codes to curb anti-competitive behaviors by major digital platforms.
✅ No specific anti-competitive actions identified, but potentia...
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Fast-Fashion Powerhouse Shein Prepares for a Groundbreaking IPO
Key Details:
✅ Shein, the global online fashion retailer, has confidentially filed for an IPO in the United States.
✅ The company, currently headquartered in Singapore, was valued at an impressive $66 billion earlier in 2023.
✅ Renowned financial institutions Goldman Sachs, JPMorgan Chase, and Morgan Stanley are leading the underwriting for the offering.
✅ With a fundraising valuation already high, Shein is expected to target an e...
✅ Shein, the global online fashion retailer, has confidentially filed for an IPO in the United States.
✅ The company, currently headquartered in Singapore, was valued at an impressive $66 billion earlier in 2023.
✅ Renowned financial institutions Goldman Sachs, JPMorgan Chase, and Morgan Stanley are leading the underwriting for the offering.
✅ With a fundraising valuation already high, Shein is expected to target an e...
3
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Black Friday and Cyber Monday Take AFRM, SHOP, AMZN, JMIA Stocks Higher
Black Friday stocks are the talk of Wall Street after the commercial holiday recorded yet another record-setting year. Indeed, a number of commerce stocks are in the green today after indicators showed that U.S. Black Friday sales increased 2.5% from last year, per Mastercard SpendingPulse. Online shopping in particular ramped up even more this year, to $9.8 billion on Black Friday. That’s a 7.5% jump from last year.
Who wer...
Who wer...
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Social Media Giant X Faces $75M Hit as Advertisers Retreat
Key Details:
✅ X, formerly known as Twitter, is projected to lose up to $75 million in ad revenue by year's end due to an advertiser pullback.
✅ The exodus follows Elon Musk's endorsement of a controversial post, prompting brands like Disney and Warner Bros Discovery to halt ads.
✅ X has taken legal action against Media Matters for a report alleging brand ads appeared next to objectionable content.
✅ Over 200 ad units, including those...
✅ X, formerly known as Twitter, is projected to lose up to $75 million in ad revenue by year's end due to an advertiser pullback.
✅ The exodus follows Elon Musk's endorsement of a controversial post, prompting brands like Disney and Warner Bros Discovery to halt ads.
✅ X has taken legal action against Media Matters for a report alleging brand ads appeared next to objectionable content.
✅ Over 200 ad units, including those...
Apple Faces Sales Dip in China During Singles Day as Huawei and Xiaomi Surge
$Apple(AAPL.US$
Key Details:
✅ Apple's smartphone sales dropped by 4% year-on-year during China's Singles Day festival, according to Counterpoint Research.
✅ Rivals Huawei and Xiaomi saw significant sales jumps, with increases of 66% and 28% respectively.
✅ Overall, the Chinese smartphone market experienced a 5% year-over-year increase in sales during the event.
✅ Apple’s iPhone 15 starts at 5,999 yuan, facing stif...
Key Details:
✅ Apple's smartphone sales dropped by 4% year-on-year during China's Singles Day festival, according to Counterpoint Research.
✅ Rivals Huawei and Xiaomi saw significant sales jumps, with increases of 66% and 28% respectively.
✅ Overall, the Chinese smartphone market experienced a 5% year-over-year increase in sales during the event.
✅ Apple’s iPhone 15 starts at 5,999 yuan, facing stif...
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