Why Is SoundHound AI (SOUN) Stock Soaring Today

Why Is SoundHound AI (SOUN) Stock Soaring Today

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…

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Apple rejects Musk claim of App Store bias

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…

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Meta stock surges after Q2 results blow past expectations despite heavy AI spending

Meta stock surges after Q2 results blow past expectations despite heavy AI spending

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…

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How China's Advances Change The Game

How China’s Advances Change The Game

‘AI Could Be As Deadly As Nuclear Weapons’: How China’s Advances Change The Game China’s latest artificial intelligence breakthrough has rattled U.S. security experts, with DeepSeek’s new model demonstrating that Beijing can innovate around American restrictions and potentially reshape the global AI landscape. The Chinese firm’s “reasoning” model, released during Trump’s inauguration, matches top U.S….

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Larry Ellison, Oracle Co-Founder And One Of Richest Men In The World, Saw His Net Worth Dip $22.6 Billion In One Day Due To DeepSeek Selloff

Larry Ellison, Oracle Co-Founder And One Of Richest Men In The World, Saw His Net Worth Dip $22.6 Billion In One Day Due To DeepSeek Selloff

Larry Ellison, Oracle Co-Founder And One Of Richest Men In The World, Saw His Net Worth Dip $22.6 Billion In One Day Due To DeepSeek Selloff Larry Ellison, the Oracle (NYSE:ORCL) co-founder and one of the richest people on the planet, watched $22.6 billion disappear in a single day on January 27—and he didn’t even…

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China's SenseTime reshapes to focus on generative AI growth

China’s SenseTime reshapes to focus on generative AI growth

BEIJING (Reuters) – Loss-making Chinese AI company SenseTime Group said on Tuesday it has completed a major organizational restructuring aimed at ramping up its shift toward generative AI technologies. The Hong Kong-listed company, previously focused on computer vision and surveillance technologies, has accelerated its transformation into generative AI following the industry-wide surge triggered by OpenAI’s…

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