Microsoft (MSFT) plans to spend $80 billion U.S. in its current fiscal year on the construction of data centres that can power advanced artificial intelligence (A.I.) applications and models. In a blog post, Microsoft President Brad Smith said that more than half of the money allocated to new A.I. data centres will be spent within…
Online gambling firm DraftKings (DKNG) is trialing a new subscription service. The Boston-based company known for offering sports betting says it is exploring a new subscription service called “DraftKings Sportsbook+” that gives paying customers a boost in their betting odds. DraftKings is offering the first month free, and then the subscription fee kicks in. The…
Riskified (NYSE:RSKD) shares gained Monday, a leader in ecommerce fraud and risk intelligence, and Appriss Retail, a top provider of return and claim authorization solutions, are excited to announce a groundbreaking partnership set to transform the retail landscape. This innovative collaboration aims to address the growing challenges of omnichannel fraud and abuse by integrating comprehensive…
Three technology stocks gained over 10% last Friday’s trade. Arm Holdings (ARM) gained 10.05%. The speculation increased after Nasdaq (QQQ) added 1.77% on the day. ARM has strong growth, profitability, and momentum. ARM stock valuations are highly unfavorable. Its non-GAAP P/E is over five times higher than the sector median. Super Micro Computer (SMCI) rose…
Microsoft’s (MSFT) plans to spend $80 billion is another boost for the artificial intelligence sector. The software giant plans to invest in data centers in fiscal 2025. Microsoft needs more hardware to power AI. The company said that it needs large-scale infrastructure investments to serve as the essential foundation of AI innovation and use. Microsoft…
The Eurosceptic, Russia-friendly Freedom Party came first in September’s elections but was then sidelined.The Eurosceptic, Russia-friendly Freedom Party came first in September’s elections but was then sidelined. BBC News
The live NFL football games being broadcast on Amazon Prime Video (AMZN) are attracting a growing number of viewers. The latest information from ratings agency Nielsen shows that Amazon’s “Thursday Night Football” package averaged 13.22 million viewers per game, a 13% increase from last season. Nielsen’s data also noted that 11 of the games on…
Elon Musk has questioned whether the United States should “liberate the people of Britain from their tyrannical government” after hitting out at top U.K. lawmakers. In recent days, the tech billionaire and key advisor to U.S. President-elect Donald Trump has taken to social media to air his grievances with the British government, resulting in a…
Assets held in Canadian exchange-traded funds (ETFs) surpassed $500 billion for the very first time in 2024. The record amount of capital placed in ETFs came during a year that also broke records for both inflows and new fund launches. ETF assets under management (AUM) stood at $519 billion at the end of December, according…
Home sales across the Greater Vancouver Region rose 31.2% on a year-over-year basis in December. However, according to the Greater Vancouver Realtor Association, the 1,765 homes sold on Canada’s West Coast last month was 14.9% below the 10-year seasonal average for the month of December. The real estate board said 1,676 newly listed properties hit…
