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Global Markets | European shares remained subdued on mixed gains; technology in focus after Nvidia’s defeat

European shares were muted on Thursday as investors assessed a range of mixed corporate earnings from the likes of Schneider and Syensqo, while considering the prospects for artificial intelligence following strong forecasts from US chip leader Nvidia.The pan-European STOXX 600 index was flat at 633.34 points at 0820 GMT. The index hovered around a record […]

High expectations

Last year one WITH report that 95% of companies were getting zero returns from AI made headlines. Well, the NBER has just been published an even bigger investigation from more than 6,000 executives in the US, UK, Germany and Australia about their AI use and what they got from it over the past three years. […]

Zoom predicts quarterly profit to be below expectations, despite fierce competition

Zoom Communications on Wednesday forecast quarterly profit that will be below Wall Street estimates. This indicates that intense competition and a cautious spending environment could weigh on profits. The company’s shares fell nearly 3% in extended trading. Zoom is coming under increasing pressure from rivals such as Microsoft Teams and Alphabet’s Google Meet, which come […]