Legal professionals often spend a significant portion of their work searching through and analyzing large documents to draw insights, prepare arguments, create drafts, and compare documents. The rise of generative artificial intelligence (AI) has brought an inflection of foundation models (FMs). These FMs, with simple instructions (prompts), can perform variousContinue Reading
tupungato/iStock via Getty Images The hot technology sector looks likely to stay strong no matter if either U.S. President Joe Biden or former president Donald Trump emerge victorious in their White House bids, according to a sentiment survey from 22V Research. The investment strategy research firm in a Sunday noteContinue Reading
John M. Chase/iStock Unreleased via Getty Images Salesforce (NYSE:CRM), a customer relationship management company, reduced its workforce by about 300 positions over the past month, according to a report by Bloomberg. The software firm is reducing roles as it spends more on product innovation, according to people familiar with theContinue Reading
British regulators said they will examine the rapidly increasing use of digital wallets, which are used by multiple Big Tech firms, including concerns on competition, consumer protection or market integrity. The Financial Conduct Authority and Payments Systems Regulator said they are seeking views on the benefits and risks digital walletsContinue Reading
Khanchit Khirisutchalual reAlpha Tech (NASDAQ:AIRE) Monday said that it has acquired 85% of the outstanding equity in Singapore-based AiChat Pte which develops AI-powered conversational customer experience solutions. The company will acquire the remaining 15% on June 30, 2025. The total purchase price is $1.14 million, which is payable in sharesContinue Reading
wildpixel/iStock via Getty Images The rise of artificial intelligence has become a recurring theme behind recent layoffs in the tech industry. Job reductions in the sector surpassed 100,000 year to date, reaching 106,630 as of July 12, according to the tracker Layoffs.fyi. The most recent mass layoff in the techContinue Reading
bymuratdeniz/iStock via Getty Images The advent of artificial intelligence (AI) at the start of this decade might be one of the biggest advances in technology over the last 50 years – or at least, that’s what investors certainly seem to think. Bespoke Investment Group on Saturday highlighted that since theContinue Reading
champc/iStock via Getty Images Tony Pasquariello, global head of Hedge Fund Coverage for Goldman Sachs, said that a risk reduction in info tech (NYSEARCA:XLK) equity position could be called for. The info technology stocks, and the core growth/inflation tradeoff are moving the market up, but “there’s a case to beContinue Reading
Vertigo3d We are not at the start of a great rotation, but details from the leading to the 2000 tech bubble burst, may shine a light on what’s happening today, said Deutsche Bank Research’s Jim Reid. Yesterday, 396 stocks of the S&P 500 (SP500) were up, but the overall S&PContinue Reading
tongstock/iStock via Getty Images Australia intends to bring in a law this year which will make it compulsory for internet companies to proactively stop hosting scam ads or face fines, Reuters reported citing, the Australian Competition and Consumer Commission, or ACCC. The consumer regulator and the treasury department are inContinue Reading
