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| Apple's mixed results: Investors cheered Apple's forecast that revenue may reach the mid-single digits in the current quarter, but holiday sales of iPhones and revenue from China fell short of expectations. Chip highs: Samsung won approval to supply high-bandwidth memory chips to Nvidia, the leading supplier of processors to power artificial intelligence workloads. Chip lows: STMicroelectronics, a chipmaker that supplies Apple and Tesla, plunged to its lowest share price since 2020 when it gave a weak sales forecast for the current quarter and said it wouldn't give an outlook for the year. | |
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| A new funding round has tripled within one year the value of AI startup ElevenLabs to $3.3 billion. The company, which uses AI to replicate voices, raised $180 million in the round, co-led by Andreessen Horowitz and Iconiq Growth. | |
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| In today's Tech In Depth, Kurt Wagner writes that Mark Zuckerberg isn't worried about Meta falling behind in artificial intelligence after Chinese startup DeepSeek unveiled a new model developed at a lower cost than US competitors. Zuckerberg and Meta, Wagner writes, have a history of copying and advancing innovations from one-time rivals. For more tech coverage from Bloomberg, subscribe here. | |
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| The White House is opening the doors of its press briefing room to podcasters, social media influencers and other nontraditional journalists, a move cheered by many of the podcasters who backed US President Donald Trump in his election bid, writes Ashley Carmen in this week's Soundbite. A seat in the room serves as something like free marketing for the group, which promotes authenticity above all, she writes. For more from Ashley, subscribe here. | |
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