Apple's Developer Fees Face $995 Million UK Legal Challenge
Apple reportedly is facing litigation from British app developers over its App Store commissions. The class action suit alleges that the commission Apple charges of up to 30% on App Store sales has harmed competition in the U.K. tech industry, Bloomberg News reported Tuesday (Dec. 3).
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Amazon: A Compelling Buying Opportunity
Amazon aggressively drives innovation in cloud and AI, with strong Q3 performance, double-digit revenue growth, and notable EPS improvement. AWS remains a key profitability driver with a 31% global market share, bolstered by new partnerships and significant investments in generative AI. Amazon's e-commerce and digital advertising segments show robust growth, with North America and International segments improving operating income and market share gains in advertising.
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Generative AI Startup Twelve Labs Works with AWS to Make Videos as Searchable as Text
LAS VEGAS--(BUSINESS WIRE)--At AWS re:Invent, Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company (NASDAQ: AMZN), today announced that Twelve Labs, a startup that uses multimodal artificial intelligence (AI) to bring human-like understanding to video content, is building and scaling its proprietary foundation models on AWS. Twelve Labs will use AWS technologies to accelerate the development of its foundation models that map natural language to what's happening inside a video. This incl.
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LG AI Research Develops AI Model on AWS for Rapid Cancer Diagnosis
LAS VEGAS--(BUSINESS WIRE)--At AWS re:Invent, Amazon Web Services (AWS), an Amazon.com, Inc. company (NASDAQ: AMZN), today announced that LG AI Research, the artificial intelligence (AI) research hub of South Korean conglomerate LG Group, has used the world's leading cloud to develop its new pathology foundation model (FM) for earlier cancer diagnosis and treatment. The histopathology image-specific model, EXAONEPath, can securely analyze microscopic images of tissue samples from cancer patient.
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Games Workshop: IP Powerhouse With Potential Amazon Deal Announcement
Games Workshop Group PLC stock is significantly undervalued by 15.4% with potential for 15-20% immediate upside or downside based on the Amazon deal outcome. The core business remains resilient with strong sales growth in self-owned and independent hobby stores, and a promising licensing business, especially in entertainment and video games. Operational efficiency is high, with gross margins improving to 69.4%, and the company maintains a strong dividend yield of ~3%.
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Top 3 Behind-the-Scenes Electronic Component Companies to Watch
Post-COVID, the consumer electronics industry has faced a challenging path, including inflation, customers' hesitancy to spend money on non-essential goods, and more. Analysts expect 2025 could bring a modest recovery to this space, with global consumer electronics sales of $977 billion.
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