Shares of database provider Snowflake jumped more than 19% in the wake of its report after dropping less than 1% in regular trading. Investors seemed to be encouraged that the company sailed well past its earlier quarterly product revenue projections and raised its full-year ... Read more ›
0
Microsoft has had success reselling OpenAI’s artificial intelligence to its cloud customers, a core part of its plan to build a new multibillion-dollar profit machine. New data show which customers are powering the business. TikTok, for instance, was paying nearly $20 million per month to buy OpenAI’s models through Microsoft as of March, according to someone who saw internal financial documents about it. That was close to 25% of the... Read more ›
14
Alibaba plans to launch an AI-powered search engine in September that helps merchants source goods online, the Chinese e-commerce giant said on Wednesday. Using conversational AI, the search engine will be available for all e-commerce merchants, regardless of whether they sell on Alibaba’s ... Read more ›
0
Apple’s artificial intelligence features won’t be ready for this year’s launch of iOS 18 and could be delayed by several weeks to October, Bloomberg reported. The delay underscores the short timeline Apple has had to work on its new AI features, which began in early 2023. Apple tends to make ... Read more ›
0
Patience may be a virtue, but Microsoft Chief Financial Officer Amy Hood is asking investors to take it to extremes. Twice during the Tuesday conference call to discuss the company’s June-quarter results, Hood said Microsoft’s extraordinary investment in building and leasing data centers to support artificial intelligence would pay off over 15 years “and beyond.” Read more ›
0
Microsoft shares fell 4% in after-hours trading Tuesday after it said revenue from enterprise software and cloud server rentals rose more slowly in the June quarter compared to the March one. On the bright side, free cash flow rose 11% to $23.3 billion, better than the $21 billion of ... Read more ›
0
Advanced Micro Devices, a top rival to Nvidia in developing artificial intelligence chips, said Tuesday it would generate more than $4.5 billion from sales of such chips this year, up from an earlier projection of $4 billion. Shares rose 6% in after-hours trading. AMD’s data center unit—which ... Read more ›
0
The U.S. Senate on Tuesday voted 91-to-3 to pass a landmark piece of social media privacy and safety legislation that aims to protect children from online harm. The bill, known as the Kids Online Safety and Privacy Act, or KOSPA, now moves to the House, which could take it up after lawmakers ... Read more ›
0
Perplexity, an AI-powered search engine startup, announced on Tuesday new partnerships with news publishers including Time, Fortune and WordPress.com. As part of the multi-year deals, the publishers will receive a cut of advertising revenue each time their content is referenced in search ... Read more ›
0
Pinterest shares dropped almost 11% after hours Tuesday after the social media site warned of a slowdown in revenue growth. The online scrapbooking site said revenue for the second quarter rose 21% from the year ago period to $854 million, slightly higher than its own forecast. The company ... Read more ›
0
There was a palpable sense of trepidation in the air in San Francisco and on Sand Hill Road during my latest visit last week.Venture capitalists are increasingly stressed by the frenetic pace of artificial intelligence deals, which they say resembles the frenzied check-writing of 2021. They are also growing more concerned about the lack of "moats"—unique competitive advantages—that AI startups possess, as well as the poor quality of their revenue,... Read more ›
0
Advanced Micro Devices, a top rival to Nvidia in developing artificial intelligence chips, said Tuesday it would generate more than $4.5 billion from sales of such chips this year, up from an earlier projection of $4 billion. Shares rose 6% in after-hours trading. AMD’s data center unit—which ... Read more ›
0
As remarkable as it sounds, we’re already in the second wave of artificial intelligence chatbots. As Sylvia, Kalley and I reported earlier today, Meta Platforms has scrapped its high-profile celebrity chatbots—the ones modeled after public figures and creators such as Charli D’Amelio, whose avatar, Coco, offered dancing tips—after they failed to take off with users. Read more ›
0
Microsoft shares fell 6% in after-hours trading after it said Tuesday that revenue from enterprise software and cloud server rentals rose more slowly in the June quarter compared to the March one. The company generated $64.7 billion in revenue in the three months ending in June, up 15% from the ... Read more ›
0
Amazon’s healthcare business lost about $1.3 billion on $2.5 billion in revenue in 2023, according to internal figures and projections reported by Business Insider. Amazon has never publicly broken out financials for the healthcare business, which includes One Medical, the primary care provider ... Read more ›
0
OpenAI began releasing its voice-based artificial intelligence, which allows customers to speak with ChatGPT, to a small group of paying subscribers, with plans for a wider release in the fall, the company said Tuesday. The move comes a month after OpenAI said it would delay the release of the ... Read more ›
0
Meta Platforms has scrapped its first high-profile foray into consumer artificial intelligence—chatbots played by celebrities and social media influencers such as Charli D’Amelio, MrBeast and Paris Hilton. The reversal, less than a year after Meta launched the celebrity chatbots, shows how even the biggest tech companies haven’t figured out how to transform breakthroughs in generative AI into winning consumer products. Read more ›
11
The U.S. Senate on Tuesday voted 91-to-3 to pass a landmark piece of social media privacy and safety legislation that aims to protect children from online harms. The bill, known as the Kids Online Safety and Privacy Act, or KOSPA, now moves to the House, which could take it up after lawmakers ... Read more ›
0
Berlin-based freight forwarding startup Sennder said Tuesday that it plans to acquire the European trucking brokerage business of U.S. logistics giant C.H. Robinson. The deal will double Sennder’s annual revenue to about $1.5 billion from $750 million and add about 700 new employees to Sennder’s ... Read more ›
0
The U.S.’s main product safety regulator ruled Tuesday that Amazon can be held responsible for recalling defective or dangerous goods sold by outside sellers on its marketplace, a major blow against the e-commerce giant’s argument that it merely acts as a connector between buyers and sellers. In ... Read more ›
0
Perplexity, an AI-powered search engine startup, announced on Tuesday new partnerships with news publishers including Time, Fortune and WordPress.com. As part of the multi-year deals, the publishers will receive a cut of advertising revenue each time their content is referenced in search ... Read more ›
3
Most popular sources
Business Insider
|
25% 7 |
Tech Wire Asia
|
15% |
CNET
|
8% 2 |
The Verge
|
6% 2 |
Gizmodo
|
6% 1 |
| View sources » | |
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26.11.2024 05:51
Last update: 05:45 EDT.
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