Warren Buffett’s Berkshire Hathaway dumps half of its Apple stake August 4, 2024 Warren Buffett’s Berkshire Hathaway has dumped half of its Apple holdings as it continues to trim its position in the company.
Elliott warns Nvidia is in ‘bubble land’ and AI is ‘overhyped’ August 2, 2024 Hedge fund Elliott Management has slammed artificial intelligence technology as "overhyped", warning that star stock Nvidia is in "bubble land".
Amazon says consumers cautious as it forecasts revenue below Wall Street targets August 2, 2024 Amazon reported slowing online sales growth in the second quarter and said cautious consumers were seeking out cheaper options for purchases, sending shares down nearly eight per cent.
Apple pins hopes on AI for iPhone upgrades as China sales falter August 2, 2024 Apple said its third-quarter iPhone sales were better than expected and forecast more gains on Thursday as it bets on artificial intelligence to attract buyers, even as its overall China business disappointed.
Pearson boss forecasts ‘rapid advances’ in AI as profit holds July 29, 2024 In a statement, Pearson said its outlook for profit, sales and tax remained in "in line" with market expectations.
Meet the fund managers: In defence of private equity July 29, 2024 In this weekly series, investment reporter Elliot Gulliver-Needham sits down with a fund manager for a Q&A. This week, we’re hearing from Helen Steers, co-lead manager of private equity trust Pantheon International PLC (PIP)
Relx: Data firm reports £1.5bn profit thanks to AI boost July 25, 2024 Data and analytics group Relx continued to push up revenue as profit reached over £1.5bn thanks to demand for analytics underpinned by AI.
Why doesn’t the UK government run its own venture capital funds, like China? July 24, 2024 With how essential venture capital is to the UK economy, why isn't the government running its own VC funds?
Raspberry Pi is a ‘buy’: Analysts compare British chip stock to Microsoft, Apple and Nvidia July 23, 2024 Analysts believe Edge computing could be a game-changer for Raspberry Pi.
Vue cinemas get box office boost as AI takes over its film scheduling July 22, 2024 Cinema chain Vue has said using artificial intelligence (AI) to create "algorithm-driven film schedules" has helped to boost its admission numbers and profit.