Generative AI

Amazon.com Inc (NASDAQ:AMZN) reported Q1 revenue of $143.3 billion, up 13% year-over-year, beating estimates. Earnings per share were 98 cents, recording a 25.64% surprise on the consensus of 82 cents. The earnings beat was propelled by robust performance in AWS and its international business. AWS...

Amazon.com Inc. (NASDAQ:AMZN) announced that its generative AI business has reached a "multibillion-dollar" revenue run rate, during the post-Q1 earnings call on Tuesday. What Happened: Amazon CEO Andy Jassy revealed the significant achievement during the company’s Q1 2024 earnings call. The...

In his annual letter to shareholders, Jeff Bezos’ successor and Amazon.com Inc (NASDAQ:AMZN) CEO Andy Jassy highlighted the potential of artificial intelligence (AI) to revolutionize the tech industry. What Happened: Jassy’s letter, released on Thursday, emphasized the significance of...

JPMorgan Chase (NYSE:JPM) CEO Jamie Dimon addressed the potential of artificial intelligence (AI) in his annual letter published Monday, April 8. What Happened: Dimon has previously expressed optimism toward AI, and that sentiment hasn’t changed. "While we do not know the full effect or the...

Apple Inc. (NASDAQ:AAPL) has made a strategic move to bolster its artificial intelligence (AI) capabilities by acquiring a Canadian AI startup, DarwinAI. This acquisition is expected to significantly influence the development of future iPhone and iPad features. What Happened: Apple is on the verge...

In a bid to make high-end features more accessible, Qualcomm Inc. (NASDAQ:QCOM) has introduced a new chipset, the Snapdragon 8S Gen 3. This chipset is designed to offer most of the features of the current flagship Snapdragon 8 Gen 3 chipset at a more affordable price point. What Happened: The...

Tech billionaire and Tesla Inc. CEO Elon Musk thinks that "woke AI" can be deadly, sounding his concerns about the potential risks of AI programmed to enforce diversity. What Happened: Musk took to X, formerly Twitter, to voice his concerns about the dangers of his "woke AI" like Alphabet Inc.'s (...

OpenAI's Sora has left a lot of people impressed with its capabilities, but the AI startup says it's still very early days in the testing phase. OpenAI also has no "final plans" to release Sora officially as a product to consumers yet. What Happened: Speaking at the Berkeley AI Research Lab, lead...

George Kurtz, the CEO of CrowdStrike Holdings Inc (NASDAQ:CRWD), has issued a warning about the increasing sophistication of cybercriminals due to the widespread availability of advanced artificial intelligence (AI) tools. What Happened: Kurtz highlighted that cybercriminals are now able to carry...

Jim Cramer, CNBC’s market commentator, has identified companies and sectors that are likely to benefit from the wave of artificial intelligence (AI). What Happened: Cramer believes AI will be crucial to significant market rallies in the coming years. “This technological revolution is...

Alphabet Inc.'s Google Chrome browser has a new trick up its sleeve – generative AI themes. Google added the feature in a recent update after announcing it for its Pixel phones earlier in October. What Happened: If you use the Google Chrome browser and want to add your own AI-generated custom...

Update: This article was updated with Google’s comments at 9:30 a.m. EST. Alphabet Inc.'s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google reportedly pays publishers five-figure sums to test an unreleased artificial intelligence platform. What Happened: Google has reportedly initiated a private program...

Tech Boom Bond Bust Nvidia (NASDAQ: NVDA) delivered the goods, overwhelming a series of hawkish Fed speeches and FOMC January 30-31 meeting minutes that led to another 10bp in yield across the Treasury curve through Thursday’s close, bringing the move from the late December lows on...

In anticipation of the European Union’s 2024 Parliament elections, Meta Platforms Inc. is enhancing its security measures and transparency tools. This could be a sign of how the Mark Zuckerberg-led company might deal with the US presidential election in November. What Happened: As revealed in...

Microsoft Corp. (NASDAQ:MSFT) has started rolling out new Generative AI-powered photo editing features to hundreds of millions of Windows 10 users, with support for Windows 11 expected to follow soon. What Happened: Microsoft has updated the Windows Photos app with a "Generative erase" feature that...