Apple stock climbed to an intra-day record high of $189.90 on Wednesday and fell just shy of closing for the first time with a market capitalization above $3 trillion, Reuters reports.
Apple's stock market value briefly peaked above $3 trillion in intra-day trading on Jan. 3, 2022, before closing the session just below that mark. Achieving a $3 trillion valuation would make Apple the first company to hit that milestone.
The iPhone maker first closed with a $1 trillion market valuation on Aug. 2, 2018; it reached $2 trillion on Aug. 20, 2020.
Fueled in part by Apple's surging stock, the tech-heavy Nasdaq Composite is up about 30 percent in recent trading and on pace for its best first-half performance since 1983, the Wall Street Journal reports.
Blackbird.AI has raised $32 million in total capital, boosted by $20 million from a recent Series B round, the Rochester Beacon reports. Driven by artificial intelligence, Blackbird helps organizations detect and respond to threats that cause reputational and financial harm. The Rochester-based firm was founded in 2017.
President Joe Biden this week announced more than $42 billion in new federal funding to expand high-speed internet access nationwide, the Washington Post reports. The funding—a centerpiece of the recent bipartisan infrastructure law—signals the largest-ever federal push to help an estimated 8.5 million families and businesses take advantage of modern-day connectivity.
A fast-growing crop of companies, using sophisticated algorithms, now offer tools to detect which images have been made with computers, not by human photographers and artists. When the New York Times tested five new AI-detection services, using more than 100 synthetic images and real photos, the results showed that the tools are advancing rapidly, but at times can be fooled.
“They’re the company that ignited this AI arms race. They’re the natural first target.”
—Ryan Clarkson, whose law firm is launching a class-action lawsuit against OpenAI, alleging that it violated the copyrights and privacy of countless people when it used data scraped from the internet to train ChatGPT