TECHNOLOGY

iRobot's shares crashed by as much as 40% in early cash trading in New York after the maker of robotic household vacuums issued a going concern warning for the next 12 months following a dismal fourth-quarter earnings report. 

Let's begin with four quarter earnings.

Irobot reported wider-than-expected losses and revenue that missed the average estimates tracked by Bloomberg Consensus.

Snapshot of fourth-quarter earnings courtesy of Bloomberg:  (more…)

Intel shares rose 6% in premarket trading after Reuters reported that Taiwan Semiconductor Manufacturing, or TSMC, had approached US chip designers Nvidia, Advanced Micro Devices, and Broadcom about taking stakes in a joint venture that would operate the struggling chipmaker's factories.

Four sources told Reuters that the Taiwanese chipmaking giant would run Intel's foundry division under the new proposal, producing chips tailored to customer requirements but not owning more than (more…)

Authored by Stefan Bartl via TheDailyEconomy.org,

Siri was introduced to the Iphone 4 in 2011 as a digital assistant. Long forgotten in today’s high speed AI models and algorithms, Siri was the slower stepping stone of Artificial Intelligence breakthroughs. Artificial Intelligence advances the technological frontier as we journey forward into the twenty-first century. Indeed, the global landscape for artificial intelligence (AI) is being shaped by three dominant forces: the United (more…)