Tencent Veteran Raises $50 Million, Plans to Launch Rival to OpenAI Sora
The scientist who oversaw development of Tencent Holdings Ltd.’s flagship AI model has raised $50 million with a…
Amazon Inks $38 Billion Deal With OpenAI to Supply Nvidia Chips (AMZN, NVDA) – Bloomberg.com
Amazon Inks $38 Billion Deal With OpenAI to Supply Nvidia Chips (AMZN, NVDA) Bloomberg.comOpenAI signs $38 billion compute deal…
Big Tech Earnings Reveal Cracks in Case for Massive AI Spending
A week that saw the Federal Reserve cut interest rates and dozens of US companies report earnings nevertheless…
Trader’s Guide to India’s Data Center Boom Powered by Google, OpenAI
As Alphabet Inc.’s Google and other US tech behemoths pledge billions of dollars to build artificial intelligence infrastructure…
Alphabet, Amazon Stakes in Anthropic Boost Profit by Billions
Alphabet Inc. and Amazon.com Inc. were rewarded by investors for reporting better-than-expected third-quarter profits. At both companies, earnings…
Adobe Struggles to Assure Investors That It Can Thrive in AI Era
Adobe Inc. brought together 10,000 marketers, filmmakers and content creators to its annual conference this week to persuade…
Mark Zuckerberg Net Worth Falls as Meta’s AI Spending Plan Spooks Investors
Mark Zuckerberg fell to fifth place on the Bloomberg Billionaires Index — the lowest in nearly two years…
AI Spending Is What Matters Most in Alphabet, Microsoft Earnings
Artificial intelligence is so essential to the three-year bull market in US stocks that updates on spending and…
Amazon, Apple, Meta, Alphabet, Microsoft Earnings: Watch These Five AI Signals
Nvidia CEO Jensen Huang’s insistence this week that he did not “believe we’re in an AI bubble” is…
Amazon to Invest Another $5 Billion in South Korea Data Centers in AI Push
Amazon.com Inc. is setting aside another $5 billion for investment in South Korean data centers, sharply ramping up…
Amazon’s AWS Shows Signs of Weakness as Competitors Charge Ahead – Bloomberg.com
Amazon’s AWS Shows Signs of Weakness as Competitors Charge Ahead Bloomberg.comInternal Amazon document sees ‘blind spot’ in identifying new…
China Is Closing the Quantum Technology Gap
The world has been paying close attention to the global contest for supremacy in artificial intelligence. But the…