Gold and silver prices increased in U.S. trading following softer June PCE inflation data and a weaker U.S. dollar, which helped metals rebound after a hawkish Fed hold. Spot gold rose about 0.55% near $4,107 an ounce, while silver gained 1.84% to around $59.27. The Federal Reserve kept interest rates steady but signaled a possible hike in September, keeping markets cautious. Equities also rallied, led by strong tech earnings, while oil prices eased amid geopolitical tensions and inflation concerns. Investors will watch upcoming Fed communications and geopolitical developments for further market direction.
The AI-driven equity rally that surged after ChatGPT's debut is weakening, with major hyperscaler stocks like Oracle, Microsoft, and Meta showing losses year-to-date. Despite rising capital expenditures in AI, these companies report negative or sharp...
Google has fixed 1,072 security bugs in the last two Chrome versions released in June 2024, surpassing the 1,036 bugs patched in the previous 23 versions over two years. This surge is attributed to Google's use of AI, specifically large language mode...
Major US tech companies, including Nvidia, Microsoft, and Meta, are calling on the US government to prioritize open artificial intelligence (AI) to counter China's growing dominance. Open AI models, which can be downloaded and run on private systems,...
Microsoft reported a record $678 billion commercial backlog at the end of fiscal 2026, with an estimated 32% tied to OpenAI, its largest AI partner. This concentration is unusually high for a company of Microsoft's size, underscoring OpenAI's signifi...
Microsoft's shares surged nearly 17%, marking their best day in almost 18 years, after the company reported better-than-expected Q4 results. Azure revenue grew 43% year-over-year, surpassing estimates, while paid Copilot users more than doubled seque...
