HP and BMW are implementing AI in their products to improve usability and efficiency.
It hasn't been easy to be an Amazon (NASDAQ: AMZN) investor in recent years, with its stock soaring to record heights amid COVID-19 lockdowns in 2021 and then crashing back down as it faced macroeconomic headwinds the following year. The company has delivered an impressive comeback in 2023, with its shares up about 75% since Jan. 1 as its e-commerce business returned to profitability and it rallied Wall Street with a burgeoning artificial intelligence (AI) business. The company has introduced several cost-cutting measures over the last year that have strengthened its business.
Lakehouse Capital, a Sydney-based investment manager, released its “Lakehouse Global Growth Fund” August 2023 investor letter. A copy of the same can be downloaded here. August was a relatively busy month for the Fund and persisted the portfolio’s strong fundamental performance and operating leverage. The Fund returned -0.7% net of fees and expenses for the month […]