Tech giants’ results show rosy outlook for AI boom and US stock market | Technology
Unusual simultaneous reports of financial results by several of the US’s largest tech companies gave positive indications for…
Samsung profit surges over eight-fold to beat estimates as AI boom fuels memory chip crunch
The Samsung exhibition stand features the prominent ”A new era of mobile agentic AI” slogan by the South…
Anthropic weighs raising funds at $900B valuation, topping OpenAI
Dario Amodei, co-founder and chief executive officer of Anthropic, during the company’s Builder Summit in Bengaluru, India, on…
No one understands just how big the AI capex boom is. Some perspective
Today is all about AI capex. This is the range to watch: $435–475 billion. That’s estimate capex for…
Claude AI agent’s confession after deleting a firm’s entire database: ‘I violated every principle I was given’ | Technology
It only took nine seconds for an AI coding agent gone rogue to delete a company’s entire production…
Big US tech stocks swing as investors probe AI spend
Microsoft’s stock fell by nearly 2% after the company reported its quarterly results, but it ticked back up…
Alphabet revenue tops expectations on best-ever quarter for cloud unit
By Akash Sriram and Kenrick Cai April 29 (Reuters) – Alphabet topped Wall Street estimates for quarterly revenue…
Microsoft tops Q3 estimates, says AI business up 123% year over year
Microsoft (MSFT) reported its third quarter results after the bell on Wednesday, beating analysts’ expectations on the top…
Illicit Use of AI by Philosophers Refereeing for Journals
In 2024, a study found that “7–17% of the sentences in the reviews [of computer science manuscripts] were…
AI has made my junior banking job more miserable than ever
I am a junior investment banker at a major US bank in London. I work in M&A for…
‘A mean winning machine’ – Netcompany-Ineos insist AI will win them the Tour de France in five years, but does it just come down to cash?
“We will win the Tour de France within the next five years,” would be an ambitious statement for…
Friendly AI chatbots more prone to inaccuracies, study suggests
The study saw researchers deliberately make five models of varying size more warm, empathetic and friendly towards users…