Tech

AI helps Microsoft hit $3 trillion market valuation

Published

1 year ago

January 25, 2024

Ahron Young

Microsoft has achieved a significant milestone by surpassing a $3 trillion market value for the first time in its history.

It solidifies Microsoft’s position as the world’s second most valuable company, trailing closely behind Apple.

The race for the title of the most capitalized stock on Wall Street has been closely watched since the beginning of the year, with Microsoft and Apple frequently exchanging the top spot.

Earlier in January, Microsoft briefly claimed the crown as the most valuable company.

Market cap

Microsoft’s stock reached a historic high of $405.63, registering a 1.7% increase, which allowed the company to breach the $3 trillion market capitalisation mark.

Meanwhile, Apple’s shares experienced a slight decline of 0.35%, trading at $194.82, resulting in a market value of $3.01 trillion, according to data from LSEG.

Microsoft’s strategic investments, including its involvement with ChatGPT creator OpenAI, have positioned the company as a frontrunner in the race for market dominance in the field of generative artificial intelligence (AI).

Competing with other tech giants like Google’s parent company Alphabet, Amazon, Oracle, and Meta Platforms (formerly Facebook),

Microsoft’s utilization of OpenAI’s technology has led to the development of enhanced versions of its flagship productivity software and its Bing search engine, which is expected to compete more effectively with Google’s dominant search offering.

In contrast, Apple faces challenges such as slowing iPhone demand, particularly in China, where the company has resorted to offering rare discounts to boost sales amidst fierce competition from domestic rivals like Huawei Technologies.

Tech

Nvidia to build AI supercomputers in the U.S. for first time

Nvidia invests $500 billion in U.S. AI supercomputers, shifting production to Texas to strengthen supply chains and boost domestic growth amid rising tariffs and national tech pressures.

Published

5 days ago

April 18, 2025

Veronica Dudo

Nvidia invests $500 billion in U.S. AI supercomputers, shifting production to Texas to strengthen supply chains and boost domestic growth amid rising tariffs and national tech pressures.

Nvidia to build AI supercomputers in the U.S. for the first time — a $500 billion move that could redefine the global tech industry.

With new tariffs on imports from China and Taiwan, the chip giant is shifting production to Texas, partnering with Foxconn and Wistron.

Nvidia says the decision will strengthen its supply chain and boost domestic economic growth.

The announcement comes amid growing pressure to secure national tech infrastructure and reduce reliance on Asia. How will this impact jobs, prices, and America’s AI ambitions?

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Tech

‘Stuck in the past’: Has Apple lost its edge?

Apple, once an innovator, faces criticism for stale updates and designs, prompting comparisons to 1980s IBM and calls for Tim Cook’s departure.

Published

7 days ago

April 16, 2025

Ahron Young

Apple, once an innovator, faces criticism for stale updates and designs, prompting comparisons to 1980s IBM and calls for Tim Cook’s departure.

Apple, once a symbol of innovation, is now under fire for uninspiring product updates.

The headline “Has Apple lost its edge? Critics say it’s stuck in the past” captures growing frustration over recycled designs and underwhelming features.

From the original iPhone to the lacklustre Apple Intelligence, critics now compare the company to IBM in the 1980s. Is it time for Tim Cook to step aside?

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Tech

OpenAI explores social network to rival Elon Musk

OpenAI is considering a social network to rival Musk’s X, spurred by the success of its new image-generation feature.

Published

7 days ago

April 16, 2025

Ahron Young

OpenAI is considering a social network to rival Musk’s X, spurred by the success of its new image-generation feature.

In Short

OpenAI is considering creating a social network to compete with Elon Musk’s X and Meta’s Instagram, following high demand for its new image-generation tool.

The company has raised $40 billion in funding and is facing increased server demands, prompting efforts to temporarily limit the tool’s usage.

OpenAI is contemplating the development of a social network to rival Elon Musk’s X and Meta’s Instagram, according to an informed source.

This initiative is reportedly in the early stages and has emerged following the success of OpenAI’s latest image-generation tool, which has stressed the company’s servers.

The announcement was first reported by The Verge, while OpenAI has chosen not to comment on the matter.

Image-generation

In March, OpenAI launched its new image-generation feature designed to create various visual content, including diagrams, infographics, and logos. This tool also enables users to produce artistic renditions from their uploaded images.

Recently, images generated by this feature have gained significant traction on social media, with OpenAI’s CEO Sam Altman recently using one for his profile photo on X. Altman noted the overwhelming popularity has led to increased server demands.

He mentioned that the company is currently looking to limit the feature’s usage temporarily while they enhance its efficiency.

The generative AI sector is highly competitive, particularly with the involvement of Musk’s xAI, which recently acquired X. The relationship between Altman and Musk has become contentious, particularly surrounding OpenAI’s move to become a for-profit entity.