Adobe shares dropped about 5% in after-hours trading on Wednesday following the company’s SEC filing and Adobe’s announcement of lower revenue forecasts for 2024.
Stealth startup Essential AI, founded by developers of Google's breakthrough Transformer technology, score $56.5 million in funding from some tech heavy hitters to develop AI-based tools to optimise business processes.
Nearly a year and a half after passage of the landmark CHIPS Act to boost US semiconductor manufacturing, the first incentive award has been announced.