Big Tech earnings have come and gone. Well, save for Nvidia (NVDA), which reports on Nov. 19. That aside, one key trend emerging from this quarter’s reports is that Wall Street largely likes what it’s seeing when it comes to AI, despite increased spending among hyperscalers. Microsoft (MSFT), Google (GOOG, GOOGL), and Amazon (AMZN) each…
Big Tech’s earnings season continues in earnest after the bell on Wednesday with Google (GOOG, GOOGL), Meta (META), and Microsoft (MSFT) set to announce their results, followed by Amazon (AMZN) and Apple (AAPL) on Thursday. It’s a murderers’ row of announcements that are sure to influence the market’s direction in the days ahead. We’ll still,…
Add Amazon (AMZN) founder Jeff Bezos to the growing list of people calling Wall Street’s AI craze a bubble. During a conversation at Italian Tech Week, Bezos said the artificial intelligence hype cycle is pushing investors to spend billions on both good and bad ideas. Despite that, Bezos said he believes AI is a very…
00:00 Speaker A Well, OpenAI has officially become the world’s most valuable company. According to the Wall Street Journal, the company completed a deal with investors that values the chat GPT maker at around $500 billion. The record valuation for the private company comes just three years after it launched its flagship product. 00:15 Speaker…
Elon Musk’s artificial intelligence startup xAI has laid off 500 workers from its data annotation team, which helps train its Grok chatbot. The layoffs were earlier reported by Business Insider. The AI company notified employees over email that it was planning to downsize its team of generalist AI tutors, according to messages viewed by the…
Shares of voice AI technology company SoundHound AI (NASDAQ:SOUN) jumped 7% in the afternoon session after it experienced continued positive sentiment following the company’s record second-quarter financial results reported in early August. The recent momentum follows a period where the stock has gained significantly, driven by the strong quarterly performance. In its last report, the…
Apple on Thursday rejected Elon Musk’s claim that its digital App Store favors OpenAI’s ChatGPT over his company’s Grok and other rival AI assistants. Musk has accused Apple of giving unfair preference to ChatGPT on its App Store and threatened legal action, triggering a fiery exchange with OpenAI CEO Sam Altman this week. “The App…
Elon Musk’s long-running feud with OpenAI and its chief, Sam Altman, appears to be continuing as he threatens a lawsuit over the App Store ranking of Grok AI assistant that competes with ChatGPT (JIM WATSON) Elon Musk has taken his feud against OpenAI to the App Store, accusing Apple of favoring ChatGPT in the digital…
Meta’s artificial intelligence spending spree appears to be paying off with investors, who sent the company’s stock soaring after hours on Wednesday following a blowout quarterly earnings report. The Menlo Park, California-based company easily beat Wall Street’s expectations for the second quarter, helped by higher advertising revenue and a growing user base on its flagship…
Tesla, Inc. (NASDAQ:TSLA) is one of the growth stocks that could double by 2027. On July 14, Elon Musk confirmed he is opposed to any merger involving the electric vehicle giant and artificial intelligence company xAI. Elon Musk Downplays Tesla-xAI Merger Open to Investment david-von-diemar-ZBWn5DvO0hg-unsplash The remark came in response to a question posted on…