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Technology news being reported today, November 3, 2024 (external links):
- Nvidia replaces Intel on the Dow index:
- Nvidia is set to replace Intel on the Dow Jones Industrial Average, marking a significant shift in the semiconductor industry. This change reflects Nvidia’s dominance in AI chip manufacturing, which has driven its market value to $3.32 trillion.
- Apple sells $46 billion worth of iPhones:
- Apple reported $46.22 billion in iPhone sales for the July-September period, a 6% increase from the previous year. This growth is attributed to the integration of AI features in the new iPhone models, which have helped revive demand.
- Google Maps adds AI features:
- Google Maps has introduced new AI-powered features, including enhanced navigation and discovery tools. Users can now ask for recommendations on things to do around specific locations and receive detailed information about nearby attractions and parking options.
- Amazon reports a boost in quarterly profits:
- Amazon’s quarterly profits surged, with net sales increasing by 11% compared to the same period last year. The company attributed this growth to its investments in AI and the success of its recent Prime Big Deal Days.
- Japan plans an automated cargo transport system:
- Japan is developing an automated cargo transport corridor between Tokyo and Osaka to address a truck driver shortage and reduce emissions. This “conveyor belt road” is expected to be fully operational by the mid-2030s.
- Meta’s third-quarter profit surges 35%:
- Meta Platforms Inc. reported a 35% increase in third-quarter profits, driven by strong advertising revenue and advancements in AI technology. The company earned $15.69 billion, up from $11.58 billion in the same period last year.
- Reddit turns a profit for the first time:
- Reddit reported its first-ever profit as a public company, with a net income of $29.9 million for the third quarter of 2024. This milestone was achieved through increased user engagement and new AI translation features.
- Iran lifts its ban on imports of new iPhone models:
- Iranian authorities have lifted a ban on the import of new iPhone models, including the iPhone 14, 15, and 16. This move is expected to meet the high demand for these devices in Iran.
- The European Union finalizes higher tariffs on Chinese electric vehicles:
- The EU has finalized higher tariffs on Chinese electric vehicles, citing unfair subsidies that allow Chinese manufacturers to undercut European competitors. These tariffs aim to protect the European auto industry and jobs.
- Elon Musk wins a court battle:
- A federal appeals court ruled in favor of Elon Musk, stating that his 2018 tweet about union efforts at a Tesla plant was protected speech. The court also directed the NLRB to reconsider its order to reinstate a fired employee.
