French President Emmanuel Macron said on Tuesday that Europe does not want to be a “vassal” that is dependent on US and Chinese tech companies, calling for a “European preference” in the sector. “Europe doesn’t want to be the client of the big entrepreneurs or the big solutions being provided either from the US or…
BANGKOK (AP) — Asian shares tumbled on Tuesday, with benchmarks in Tokyo and Seoul sinking more than 3%, after Nvidia and other artificial-intelligence -related shares pulled U.S. stocks lower. U.S. futures dropped, with the contract for the S&P 500 down 0.6% while the future for the Dow Jones Industrial Average was down 0.4%. Computer chip…
This article first appeared on GuruFocus. Alphabet (GOOGL, Financials) rose more than 5% after Berkshire Hathaway unveiled an unusual tech-sector commitment to the business, which investors saw as a validation of its artificial intelligence plan. In the September quarter, Berkshire bought 17.85 million shares worth $4.93 billion.The investment comes as public attitude toward giant internet…
Wall Street has been consumed for months with fears that the artificial intelligence boom is actually a bubble about to pop, but that didn’t stop Berkshire Hathaway from buying shares of a top AI hyperscaler. Warren Buffett’s conglomerate revealed in a regulatory filing late Friday that it purchased 17.8 million shares of Google parent Alphabet during…
(Reuters) -Shares in three of the “Magnificent Seven” companies with significant investments in artificial intelligence were mixed in after-hours trade on Wednesday after the mega caps released third quarter earnings. Shares in Google-parent Alphabet rose 6.2% after the company beat Wall Street estimates for third-quarter revenue on Wednesday, as both its core advertising business and…
The Ronald Reagan Presidential Foundation and Institute is drawing a volatile mix of blowback and praise for arguing that a Canadian government advertisement playing in U.S. markets misrepresented the 40th president’s words to blast President Donald Trump’s tariff policies. It is not clear how the California-based Reagan Foundation decided to enter the fray over the…
The U.S. stock market is holding near its record heights on Tuesday as the floodgates open for companies reporting how much profit they made during the summer. The S&P 500 was essentially unchanged in early trading and is sitting just 0.2% below its all-time high set earlier this month. The Dow Jones Industrial Average was…
OpenAI is releasing a stand-alone social app for making and sharing artificial intelligence-generated videos with friends, an attempt to supercharge adoption for the emerging technology just as ChatGPT did for chatbots three years ago. The free Sora app, available from Tuesday by invitation, is powered by a new version of OpenAI’s video-making software of the…
Uber CEO Dara Khosrowshahi says autonomous cars will act as a “catalyst” for EV adoption as Uber expands its global self-driving footprint. Photo by Riccardo Savi/Getty Images for Concordia Annual Summit The once-booming U.S. market for electric vehicles is slowing, but Uber CEO Dara Khosrowshahi isn’t fazed. Speaking today (Sept. 23) at the Concordia Summit…
BEIJING (AP) — China’s Huawei Technologies said Thursday that it would roll out the world’s most powerful AI computing clusters over the next two years as it seeks to outperform global leaders despite relying on less powerful domestic semiconductors. China is racing to develop its own technology as America restricts what can be sold to…