Citigroup Inc's (NYSE:C) Global Markets arm (CGML) has been fined over £60 million by City of London regulators after its slow reaction to a mistake by one of its traders led to US$1.4 billion of equities "being sold in European markets when they should not have been" and a sharp drop in some European market indices. The Financial Conduct Authority said its fine of £40 million, reduced to just ...
Artificial intelligence (AI) breathed new life into the semiconductor industry. Reminiscent of the early days of the PC wars when chip stocks battled each other for supremacy by outdoing the latest advance by a rival, AI now has spawned new challengers to the old guard.
Top chipmakers like Nvidia and Apple build their most popular products on top of Arm Holdings' architecture. Palantir Technologies might just have the most intriguing AI platform on the market.
Voice-enabled ordering will soon be the standard at quick-service restaurants, and SoundHound AI is a leader in the space. Alphabet is remaking itself around AI technology.
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