Tag Archives: Technology

Cathie Wood just called this technology the ‘next big frontier’ with a market opportunity of $80 trillion — here are 3 easy ways to invest in it Cathie Wood believes that she’s found the next big thing in investing — and has the data to back it up. “We were assuming that in the next 10 years, artificial intelligence would deliver, in the enterprise software space, a market cap opportunity of $30 trillion,” the star stockpicker said at a Milken Institute conference last month. “Our… Source link

Google leaves no doubt: it will pursue DOD’s new cloud initiative The competition around “JEDI: The Sequel” is starting to heat up as more reports surface that the Defense Department is making progress on the restart of its enterprise cloud initiative formerly known as the Joint Enterprise Defense Initiative. JEDI had an ignoble end as DOD cancelled the contract after nearly two years of protests and lawsuits. DOD appears to eschewing the Star Wars theme this time around…. Source link

Majid Al Futtaim has partnered with Yandex, a European IT company and the co-winner of Dubai World Challenge for Self-Driving Transport, to explore autonomous technology solutions to enhance Carrefour’s last mile delivery capabilities. The partnership will enable Carrefour to be the first omnichannel retailer to use self-driving robots for orders delivery in the region. Responding to the high demand for online orders, Carrefour customers in selected neighborhoods across the UAE could receive… Source link

Majid Al Futtaim, which specialises in shopping mall, communities, retail, and leisure across the Middle East, Africa and Central Asia, is teaming with Russian tech giant Yandex to explore autonomous technology solutions that enhance Carrefour UAE’s last mile delivery capabilities. This makes Carrefour the first omnichannel retailer to use self-driving robots for online order delivery in the region.  A pilot, involving customers in select neighbourhoods across the UAE, is set to launch… Source link

Bank of America (BAC) CEO Brian Moynihan sees his firm not only as a legacy bank, but as a financial technology company on the cutting edge of digital innovation.  “We’re clearly a technology company,” Moynihan said at Yahoo Finance’s All Markets Summit on Monday. “We spend about $3.5 billion a year on new code implementation. New products and services are driven by technology.”  Digital payments have been a key component of Bank of America’s business, and have comprised a sizable proportion… Source link

Stocks pulled back on Monday as investors awaited a slew of earnings results from the Big Tech companies, as well as a myriad of other corporations across industries this week.  The Dow edged lower, giving back some gains after the 30-stock index set an all-time closing high on Friday. The S&P 500 also ticked down after reaching a record intraday high last week. The Nasdaq dipped, though shares of Tesla (TSLA) rallied to an all-time high. U.S. West Texas intermediate (CL=F) crude oil prices… Source link

Google’s new Nest Renew service, which allows users of the company’s smart thermostat to play a more active role in the battle against climate change, was developed in part on the back of technology built by Boulder-based Uplight Inc. Uplight’s suite of software gives utilities granular data about how customers consume energy in their homes and businesses and offers ways to reduce their base power demand. It also provides a marketplace for consumers to find rebates and deals on… Source link

WASHINGTON, Oct 5 (Reuters) – Amazon.com Inc (AMZN.O), Google (GOOGL.O) and Microsoft Corp (MSFT.O) are expected to join a Biden administration conference on Tuesday focused on quantum technologies as the U.S. government works to head off hacking threats and corner a burgeoning growth industry. The White House’s Office of Science and Technology Policy (OSTP) is hosting the event that will discuss critical applications of quantum computing, which is expected to operate millions of times faster… Source link

Stock futures opened slightly higher Monday evening after a technology-led drawdown during the regular trading day, with a rotation away from growth names picking up steam as concerns over inflation lingered.  Contracts on the Nasdaq edged up after the index dropped more than 2% Monday afternoon. Shares of technology heavyweight Facebook (FB) steadied in late trading after shedding nearly 5% earlier, with an hours-long platform outage adding to a string of negative coverage raising further… Source link

Each year, 8 million tons of plastic — the equivalent of a garbage truck load every minute — is dumped into the ocean, according to the World Economic Forum.  The Ocean Cleanup, a nonprofit engineering environmental organization based in the Netherlands, is attempting to remove as much of that plastic as is feasible. “Our strategy is really twofold,” The Ocean Cleanup CEO and Founder Boyan Slat said on Yahoo Finance Live (video above). “On one hand, stop the source, preventing more… Source link