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Pharmaceutical
Amazon's pharmacy business is on track to generate $2 billion in revenue this year, driven by surging customer interest in its online medication services, according to Evercore's analysis. In a recent survey conducted by Evercore, 45% of Amazon customers expressed being "extremely interested" or
Business Insights
Alphabet stock surged on Tuesday following the announcement of a groundbreaking advancement in quantum computing and an upbeat analyst outlook for the tech giant's growth prospects. The Google parent company revealed its Willow quantum chip on Monday, which can complete a benchmark computation test in under five minutes.
Automotive
Amazon has expanded into online car sales with the launch of Amazon Autos, a new e-commerce platform that allows customers to browse, order, and purchase new cars, trucks, and SUVs directly from local dealerships. The service kicks off with Hyundai in 48 major U.S. cities, including Atlanta, Boston, Chicago,
Semiconductors
Taiwan Semiconductor Manufacturing Co. (TSMC) posted a 34% year-over-year jump in November sales, signaling sustained strong demand for its artificial intelligence (AI)-focused chips. The company, which supplies major tech players like Apple and Nvidia, reported revenue of $8.48 billion for the month. Despite the robust year-over-year growth, November
Artificial Intelligence (AI)
Reddit has rolled out Reddit Answers, its new AI-powered search tool that allows users to find summarized content directly on the platform, bypassing traditional search engines like Google. The move marks Reddit's entry into the escalating AI search wars, further modernizing its search experience and driving investor enthusiasm.
Advertising
Omnicom Group has announced its agreement to acquire Interpublic Group (IPG), a move that will merge the world’s third- and fourth-largest advertising holding companies, creating the largest ad company globally. This unprecedented merger underscores a strategic effort to harness new technologies, accelerate innovation, and redefine the advertising industry. A
Quantum Computing
Google has unveiled its new quantum computing chip, “Willow”, which claims to solve problems in just five minutes that would take the world’s fastest supercomputers a staggering 10 septillion years to complete. This marks a significant milestone in the race for practical quantum computing – a field poised to revolutionize
Artificial Intelligence (AI)
OpenAI has officially launched Sora, its highly anticipated text-to-video AI model, as part of its 12-day “ship-mas” product release series. The tool is available to ChatGPT subscribers across the US and “most other countries,” offering a revolutionary way to generate AI-powered videos. Alongside the launch, OpenAI introduced Sora Turbo, an
Telecommunications
Elon Musk’s Starlink, SpaceX’s satellite internet service, is experiencing explosive growth, with global internet traffic more than tripling in 2024, according to Cloudflare data. As Starlink rapidly expands across the globe, it’s becoming increasingly visible on planes, cruise ships, and RVs, revolutionizing connectivity for travelers and remote
Artificial Intelligence (AI)
Jack Ma, co-founder of Alibaba Group and Ant Group, has voiced strong confidence in the future of Ant Group, emphasizing the vast opportunities artificial intelligence (AI) presents for the fintech giant. Ma’s remarks came during Ant Group’s 20th anniversary celebration, marking a rare public appearance since the Chinese
Advertising
The global advertising market is poised for continued growth in 2025, but the tempo is slowing. After the post-pandemic boom, the industry appears to be settling into a steady, single-digit pace, echoing trends from the mid-2000s. Forecasts highlight regional disparities, political uncertainties, and sector-specific shifts that could reshape the market.
Energy
Massive hyperscale data centers—designed to handle cloud computing and AI demands—are drawing interest from developers eyeing South Dakota as a potential hub. With its cold climate and abundant wind energy, the state offers ideal conditions for these energy-intensive facilities. However, the demand for electricity poses challenges for local