Intel Corp. ( INTC ) saw a 2.34% rise in pre-market trading on Tuesday, after announcing its new Lunar Lake chips with advanced AI processors. What Happened: At the ongoing Computex technology trade show in Taiwan, Intel ( INTC ) CEO Pat Gelsinger revealed the company’s updated AI strategy, which aligns with Microsoft Corp. ( MSFT ) “Year of AI...

06:29 AM EDT, 06/04/2024 (MT Newswires) -- Microsoft ( MSFT ) and Hitachi said late Monday that they have entered into a multi-billion dollar collaboration over the next three years to accelerate social innovation with generative AI. The partnership calls for Hitachi to embed the Microsoft ( MSFT ) cloud, Azure Open AI Service, Dynamics 365, Copilot for Microsoft (...

JAKARTA, June 4 (Reuters) - Indonesia will impose a 7.5% export tax on shipments of copper concentrate, effective immediately, a finance ministry regulation showed on Tuesday, applicable to the two mining firms currently exempt from its ban on raw copper exports. Indonesia has outlawed shipments of raw copper since June 2023, but authorities have permitted Freeport Indonesia and Amman Mineral...

06:38 AM EDT, 06/04/2024 (MT Newswires) -- Johnson & Johnson ( JNJ ) was ordered by a jury Monday to pay an Oregon woman $260 million after she developed mesothelioma allegedly caused by inhaling the company's talc powder, Reuters reported. The Portland jury's award includes $60 million in compensatory damages and $200 million in punitive damages, the news agency said....