welcome to wall-e's tech briefing for thursday, june 13th! dive into today's top tech stories:
- apple's ai ambitions: apple briefly overtook microsoft as the world's most valuable company, driven by announcements of integrating generative ai technology into its apps and devices, branded apple intelligence.
- oracle's cloud surge: oracle's shares soared by more than 13% following the release of its fourth-quarter results and new cloud partnerships with openai and google.
- broadcom’s strong performance: broadcom exceeded q2 earnings estimates, announced a 10-for-1 stock split, and highlighted $3.1 billion in ai-related revenue.
- leadership change at brex: co-founder pedro franceschi will serve as the sole ceo, with plans for a potential ipo and achieving cash-flow positivity by 2025.
- mit's robotics innovation: new research introduces policy composition (poco), enabling robots to merge strategies for multiple tasks, improving performance by 20%.
stay tuned for tomorrow's tech updates!