12:31 PM EDT, 07/10/2024 (MT Newswires) -- Apple ( AAPL ) is looking to ship at least 90 million iPhone 16s in the second half of the year, driven by demand for the AI services from its new lineup, Bloomberg reported Wednesday. The company told partners and suppliers that it's aiming for about 10% growth in shipments of new iPhones...

12:35 PM EDT, 07/10/2024 (MT Newswires) -- (Adds share price movement in the headline and first paragraph) Taiwan Semiconductor Manufacturing ( TSM ) shares rose 2.9% in recent Wednesday trading after the company reported June revenue rose from a year earlier. The company booked 207.87 billion New Taiwanese dollars ($6.37 billion) in June revenue, up from NT$156.40 billion a year...

July 10 (Reuters) - Amazon.com ( AMZN ) announced a series of largely incremental refinements on Wednesday to several of its artificial intelligence products as it seeks to keep rivals at bay amid a continued investor frenzy over the technology. The retailer has sought to counter a perception that competitors Google, Microsoft ( MSFT ) and OpenAI have taken a...

12:42 PM EDT, 07/10/2024 (MT Newswires) -- Intuit (INTU) announced plans to layoff 1,800 employees and close two locations as part of a restructuring plan that will enable the financial technology company to increase its investments in artificial intelligence. The move, which will see Intuit shed 10% of its workforce, is expected to cost $250 million to $260 million, according...