Microsoft has overtaken Apple for the first time since 2021 to become the world’s most valuable firm by market capitalisation – which measures the value and number of a company’s shares.
Microsoft surpassed Apple at numerous points throughout Thursday’s trading on the New York Stock Exchange (NYSE) when its value reached $2.87trn and Apple shares fell by 1%.
But Apple reclaimed the top spot as the trading day wore on.
This latest movement comes on the back of a major investment in artificial intelligence (AI) by Microsoft.
It’s the largest backer of OpenAI, the company behind the game-changing generative AI chatbot ChatGPT.
AI is also being embedded into Microsoft products such as its Bing search engine.
Following the success of his film Lisabi at the recently held Africa Magic Viewers’ Choice Awards, where it won...
Nollywood actor Jigan Babaoja is making bold claims about the rise of entertainment boxing in Nigeria and he’s not holding back. Following...
Harrysong took to his social media pages to announce the singing of singer – Lami Philips to his Alter...