Apple CEO forecasts holiday quarter iPhone sales that top Wall Street estimates

Apple CEO forecasts holiday quarter iPhone sales that top Wall Street estimates

Apple’s fiscal first quarter revenue sales forecast above expecations Supply constraints and China delays impact fiscal fourth quarter Apple’s AI and trade tensions seen as lesser risks by investors WASHINGTON, Oct 30 (Reuters) – Apple (AAPL.O), opens new tab Chief Executive Tim Cook on Thursday gave forecasts for holiday quarter iPhone sales and overall revenue…

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Microsoft CEO Satya Nadella says Bill Gates told him his big bet on OpenAI would be a flop: 'Yeah, you're going to burn this billion dollars'

Microsoft CEO Satya Nadella says Bill Gates told him his big bet on OpenAI would be a flop: ‘Yeah, you’re going to burn this billion dollars’

OpenAI is now the world’s most valuable private company, but when Microsoft originally invested $1 billion in the startup in 2019, it was less than a sure bet. Microsoft CEO Satya Nadella faced pushback even from the company’s cofounder and original CEO Bill Gates, he recalled during an interview on tech-focused YouTube channel TPBN. “Remember…

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Tech leaders ramp up AI spending, but Alphabet’s cash flow wins investor favor

Tech leaders ramp up AI spending, but Alphabet’s cash flow wins investor favor

Alphabet’s strong cash flow supports capital spending Investors cautious of AI investments with unclear returns Zuckerberg acknowledges risks of over-investing in AI Oct 30 (Reuters) – Three of the biggest U.S. technology companies flagged plans on Wednesday to accelerate capital spending over the next year but investors were most accepting of Google-parent Alphabet’s (GOOGL.O), opens…

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