Microsoft’s Stock Revival Hinges on Showing Growth From AI Binge
Microsoft Corp. has plowed tens of billions of dollars into artificial intelligence. With its stock struggling, the key question is how quickly those investments can prove to be successful.
Apple pauses AI summaries of news notifications, acknowledging a big flaw that drew backlash from publishers
The tech giant confirmed that it was pausing generative AI-enabled summaries of news notifications after complaints the technology was making errors.
Report warns thousands of Wall Street jobs could soon be replaced by AI
The data comes from a Bloomberg Intelligence survey, which found Chief Information and Technology Officers are expecting to cut 3% of jobs over the next few years. Nearly one in f
iPhone Sales Drop 5% in Holiday Quarter After AI Disappoints
Apple Inc. sold 5% fewer iPhones globally and lost ground to Chinese rivals in the final quarter of last year, reflecting the absence of Apple Intelligence in its largest market outside the US.
TSMC’s Strong Outlook Quashes AI Spending Fears
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
Point72's new AI fund near $1.5 billion after double-digit returns, sources say
Steven Cohen's Point72 Asset Management's new artificial intelligence (AI)-focused fund posted a 14% gain after launching just three months ago, growing the fund to nearly $1.5 billion, according to sources familiar with the matter.
As AI ushers in a new era of extreme parallel computing, startup funding keeps booming
The Chinese-owned social app’s future in the U.S. still hangs in the balance. It appears neither Biden nor especially Trump wants it to shut down abruptly, but the Supreme Court today upheld the law banning it, so … ¯\_ (ツ)_/¯
Microsoft-OpenAI Partnership Raises Antitrust Concerns, FTC Says
Microsoft Corp.’s $13 billion investment in OpenAI raises concerns that the tech giant could extend its dominance in cloud computing into the nascent artificial intelligence market, the Federal Trade Commission said in a report released Friday.
A new name has reportedly shown interest in buying Intel: here’s what we know so far
SemiAccurate says a new name is now interested in buying Intel. Intel stock popped as much as 10% following the report on Friday.
Meta to cut 5% of workforce targeting 'lowest performers'
Summary: Meta is planning to cut approximately 5% of its workforce, or about 3,600 positions, in February. The cuts will be performance-based to “move out lowest performers faster” as it cited 2025 will be “an intense year.
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HPE wins $1 billion deal with X for AI infrastructure
HPE updated its AI infrastructure portfolio, including the HPE Cray Supercomputing EX solutions, and two systems designed to support large language
Alphabet (GOOG) Rose as Google Revenue Surged 35% in Q4
Investment management company Vulcan Value Partners recently released its fourth-quarter 2024 investor letter. A copy of the letter can be downloaded here.