intelligence

SAIC to Buy Rival Engility for USD 1.5 Billion

SAIC to Buy Rival Engility for USD 1.5 Billion

Science Applications International Corp. (NYSE: SAIC) said on Monday it will acquire Engility Holdings, Inc. (NYSE: EGL) for USD 1.5 Billion in stock, a deal that will turn it into the second-largest independent U.S. government services contractor.E..

Palo Alto Networks, Inc Earnings outperforms Earnings Estimate

Palo Alto Networks, Inc Earnings outperforms Earnings Estimate

Palo Alto Networks, Inc. (NYSE: PANW), an entity of Zacks Security industry, announced fiscal Q4 earnings of 1.28 per share, outperforming the Zacks Consensus Estimate of USD 1.17. The cybersecurity firm which specializes in advanced firewall protec..

Samsung to Invest USD 22 Billion on AI, 5G and Biopharmaceuticals

Samsung to Invest USD 22 Billion on AI, 5G and Biopharmaceuticals

Samsung plans to spend USD 22 Billion in the next three years on developing artificial intelligence, 5G, automotive electronic parts and biopharmaceuticals. This comes as part of the earlier announced USD 160 Billion investment on research, developm..

Google Walks Away From America's Security

Google Walks Away From America's Security

Alphabet Inc (NASDAQ: GOOGL) decision to not renew a contract to acquire artificial intelligence for the Defense Department benefited the employees who protested it. It also was a downfall for U.S. national security, patriotism, and the cause of lim..

Sony Predicts Highest Annual Profit

Sony Predicts Highest Annual Profit

On Tuesday, Sony (NYSE: SNE) announced forecasts of highest ever profit this year by restructuring the company and focusing more on gaming and image sensors. Since March of 1998, the company’s earnings have been soaring due to strong sales of ..

Baidu Shares Plummet

Baidu Shares Plummet

Baidu Inc. (NASDAQ: BIDU) expects a disappointing revenue outlook for the rest of the year due to lost advertising sales during this month’s Communist Party Congress which lead to falling shares. The search engine giant expected fourth qu..

Nvidia reveals new super AI that will allow fully Autonomous Taxis

Nvidia reveals new super AI that will allow fully Autonomous Taxis

Nvidia Corporation (NASDAQ: NVDA) revealed on Tuesday the very first artificial intelligence computer that will allow for fully autonomous taxis. Nvidia code-named the new system, Pegasus. It extends the NVIDIA DRIVE PX AI computing platform t..