Artificial intelligence has become a pivotal force behind technological advancements, permeating various aspects of our lives. AI and its applications have generated significant buzz and transformed industries. Nowhere is this more apparent than in the world of venture capital (VC) and investing, where startups are capitalizing on the AI wave and reaping substantial funding rounds. …
Apple shares drop nearly 4%, erases $80Bn in market cap
Shares of American technology giant Apple Inc. fell by as much as 4% intra-day on 13 October after the company unveiled its first ever 5G iPhone. The drop wiped off approximately $81 billion from the company’s market capitalization, as investors reacted to the new launch. Experts said the drop is most likely temporary and is …