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Google unveils Gemini 3.7 Flash AI model for coding, agent workflows
Reuters2d agoneutral
Google unveils Gemini 3.7 Flash AI model for coding, agent workflows

Alphabet's Google launched Gemini 3.7 Flash on Thursday, its latest AI model designed for software coding and automated business tasks, but offered ‌no details on when its flagship Pro model will be released. Investors have been ‌closely watching for Gemini 3.5 Pro, Google's premium model, as a test of whether its DeepMind AI unit can ​keep pace with rivals Anthropic and OpenAI. Google had said in July Gemini 3.5 Pro was being tested with partners and would be coming "soon".

Ackman unveils six new investments including Netflix, Visa, Mastercard in biggest portfolio overhaul in years
Reuters2d agoneutral
Ackman unveils six new investments including Netflix, Visa, Mastercard in biggest portfolio overhaul in years

Bill Ackman unveiled six new holdings including Netflix, Visa and Mastercard, marking the billionaire investor's biggest portfolio overhaul in years. Ackman said on Thursday he acquired shares ‌starting in the second quarter that will be held in his investment funds including his newest offering ‌Pershing Square USA, which was listed on the New York Stock Exchange in April. Along with Netflix, which Ackman held briefly in 2022 before selling ​at a loss, his funds are also investing in eye care firm Alcon, exchange operator Intercontinental Exchange and financial data provider S&P Global.

Bill Ackman Unveils Six New Stock Picks
The Wall Street Journal3d agoneutral
Bill Ackman Unveils Six New Stock Picks

Bill Ackman’s Pershing Square made investments in six new public companies since the end of March: Visa Mastercard Netflix S&P Global Intercontinental Exchange Alcon The additions were disclosed in a letter to shareholders that accompanied Pershing Square’s quarterly earnings release, the firm’s first since it went public in April.

TSMC to invest $1.8 billion in joint venture with Sony for image sensors
Reuters4d agoneutral
TSMC to invest $1.8 billion in joint venture with Sony for image sensors

Taiwan ‌chipmaker TSMC ​said on Tuesday it ‌will ⁠invest 282 billion ⁠yen ($1.77 billion) ​in ​a ​joint ‌venture with Sony Group to ‌develop ​and ​make ​next-generation ‌image sensors. ($1 = 159.3300 ​yen) (Reporting ​by ​Ben Blanchard; ‌Editing ​by Andrew ​Heavens)

Starbucks rival, 7 Brew, finally launches an app
TheStreet7d agoneutral
Starbucks rival, 7 Brew, finally launches an app

When 7 Brew opened a few miles down the road from our home, my son and I were there on opening day. He's a fan of their "Fizz" sodas, while I enjoy the "Sweet and Salty," a coffee drink made with espresso, salted caramel, white chocolate, and a breve (half-and-half) base. That, however, is a very ...

China launches cybersecurity review into Palo Alto Networks products
Reuters9d agoneutral
China launches cybersecurity review into Palo Alto Networks products

China has launched a cybersecurity review of products sold in the country by U.S. company Palo Alto Networks, citing risks ‌to critical information infrastructure and national security, the country's cyberspace regulator said on ‌Thursday. The Cyberspace Administration of China (CAC) said the review was initiated under China's national security and cybersecurity laws. It did ​not identify the products involved, detail alleged vulnerabilities or say what action Palo Alto could face.

Meta launches new AI coding tool powered by Muse Spark 1.2
Reuters10d agoneutral
Meta launches new AI coding tool powered by Muse Spark 1.2

Meta Platforms on Wednesday launched Muse Code, a coding tool powered by ‌its latest AI model, Muse Spark 1.2, designed ‌to help developers write and debug software. Muse Code can ‌write code and ⁠verify results, and has been trained to handle long, complex coding projects while also ⁠running multiple sub-agents simultaneously to speed up difficult tasks, the company said. Meta also said it trained Muse ​Spark 1.2 ​and Muse Code together ​to operate smoothly as ‌a pair.

Lucid Q2 results: Losses widen as automaker launches 'operational reset'
Yahoo Finance11d agoneutral
Lucid Q2 results: Losses widen as automaker launches 'operational reset'

Lucid reported second-quarter results on Tuesday that beat revenue expectations but losses ran wider than expected, as the struggling luxury EV maker unveiled an "operational reset" aimed at slashing cash burn, and stabilizing a business that recently had to publicly deny it was heading for bankruptcy.

Apple launches US device leasing program with Klarna
Reuters18d agoneutral
Apple launches US device leasing program with Klarna

Apple on Tuesday launched a device leasing program in the U.S. through ‌payments firm Klarna, offering customers monthly plans for ‌iPhones, Macs, iPads and Apple Watches. The program, called Apple Upgrade, expands ​the technology giant's payment options and replaces its existing iPhone Upgrade Program and iPhone Payments offering in the country. Customers can lease iPhones and Apple Watches for ‌12 or 24 ⁠months, while Macs and iPads are available under 24- or 36-month plans, Apple said.

Ford and Geely to form joint venture at struggling Spain plant
AFP23d agoneutral
Ford and Geely to form joint venture at struggling Spain plant

US carmaker Ford and China's Geely will create a joint venture at Ford's troubled Valencia plant in eastern Spain, where they plan to produce four new models for the European market, the companies said on Thursday.Ford will hold a 66 percent stake in the venture and Geely the remaining 34 percent, the two companies said in a statement about the project which was presented at the plant in Valencia.

Jack Dorsey's Block launches Slack rival
TheStreet24d agoneutral
Jack Dorsey's Block launches Slack rival

Block, Inc. (NYSE: XYZ), the Bitcoin (BTC)-centric financial technology company founded by Jack Dorsey, launched a new platform called Buzz on July 21. Built on the Nostr protocol, Buzz is a free, decentralized, and open-source platform where employees and artificial intelligence ...

Samsung unveils wider foldable phone, hikes prices as chip costs rise
Reuters24d agoneutral
Samsung unveils wider foldable phone, hikes prices as chip costs rise

Samsung Electronics on Wednesday unveiled a passport-sized foldable phone and raised prices of two updated foldable models, as it grapples ‌with rising memory chip prices while bracing for a new threat from Apple ‌in the niche but growing segment. The South Korean technology company pioneered foldable smartphones but its dominance is set to ​be challenged by Apple which analysts expect this year to launch a foldable phone with a screen similar in size to an iPad mini. "Strategically, this is one of Samsung's most important foldable launches," said Francisco Jeronimo, vice president at researcher IDC.

Nvidia supplier Wistron launches $700 million Texas factory for AI system production
Reuters24d agoneutral
Nvidia supplier Wistron launches $700 million Texas factory for AI system production

Taiwan's Wistron, a supplier to Nvidia, launched a $700 million ‌manufacturing facility in Texas on Tuesday to ‌produce the U.S. chipmaker's latest AI systems, as Taiwanese electronics ​makers expand U.S. production to meet soaring demand for AI infrastructure. • The Fort Worth facility manufactures Nvidia's GB300 Grace Blackwell ‌Ultra Superchip. Nvidia ⁠CEO Jensen Huang has described the AI system built around the product as "the ⁠most powerful AI supercomputer in the world."