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Technology News

IBM rallies nearly 14%, heads for best day ever on strong earnings

IBM rallies nearly 14%, heads for best day ever on strong earnings

Technology News

Chairman, President and Chief Executive Officer of IBM Arvind Krishna attends the 55th annual World Economic Forum (WEF) meeting in Davos, Switzerland, Jan. 22, 2025.  Yves Herman | Reuters IBM surged 14% Thursday on the back of a strong fourth-quarter print that showed artificial intelligence growth boosting its software business. The move put the stock […]

IBM rallies nearly 14%, heads for best day ever on strong earnings Read More »

DeepSeek’s AI claims have shaken the world — but not everyone’s convinced

DeepSeek’s AI claims have shaken the world — but not everyone’s convinced

Technology News

Chinese artificial intelligence firm DeepSeek rocked markets this week with claims its new AI model outperforms OpenAI’s and cost a fraction of the price to build. The assertions — specifically that DeepSeek’s large language model cost just $5.6 million to train — have sparked concerns over the eyewatering sums that tech giants are currently spending

DeepSeek’s AI claims have shaken the world — but not everyone’s convinced Read More »

Tesla reports 0 million bitcoin profit jump after digital assets rule change

Tesla reports $600 million bitcoin profit jump after digital assets rule change

Technology News

Musk had previously said in June he was leaning towards supporting DeSantis for president in 2024. Joe Skipper | Reuters Tesla‘s bitcoin holdings led to a big pop in reported net income for the fourth quarter because of a new rule change in how companies account for digital assets. After showing a carrying value of

Tesla reports $600 million bitcoin profit jump after digital assets rule change Read More »

Zuckerberg says Meta won’t slow down AI spend despite DeepSeek’s breakthrough

Zuckerberg says Meta won’t slow down AI spend despite DeepSeek’s breakthrough

Technology News

Mark Zuckerberg, CEO of Meta Platforms Inc., arrives for the Meta Connect event in Menlo Park, California, on Sept. 25, 2024. David Paul Morris | Bloomberg | Getty Images Meta CEO Mark Zuckerberg on Wednesday said it’s too early to tell what impact DeepSeek’s breakthrough AI model will have on his company and the broader

Zuckerberg says Meta won’t slow down AI spend despite DeepSeek’s breakthrough Read More »

Meta’s Reality Labs posts billion loss in fourth quarter

Meta’s Reality Labs posts $5 billion loss in fourth quarter

Technology News

Mark Zuckerberg, CEO of Meta Platforms Inc., wears Orion augmented reality glasses during the Meta Connect event in Menlo Park, California, on Sept. 25, 2024. Bloomberg | Bloomberg | Getty Images Meta continues to lose billions of Dollars developing the virtual reality and augmented reality technologies needed to underpin the nascent metaverse. The social media

Meta’s Reality Labs posts $5 billion loss in fourth quarter Read More »

Tesla set to report fourth-quarter earnings after the bell

Tesla set to report fourth-quarter earnings after the bell

Technology News

André Thierig, plant manager of the Tesla Gigafactory Berlin-Brandenburg, stands at the final inspection of the production of Tesla Model Y electric vehicles.  Patrick Pleul | Picture Alliance | Getty Images Tesla plans to release fourth-quarter results after the bell on Wednesday. Here’s what analysts are expecting, based on an average of estimates compiled by LSEG:

Tesla set to report fourth-quarter earnings after the bell Read More »

Microsoft’s underperformance has investors looking to cloud for growth

Microsoft’s underperformance has investors looking to cloud for growth

Technology News

Satya Nadella, CEO of Microsoft, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22nd, 2025. Gerry Miller | CNBC Microsoft is in the middle of the artificial intelligence boom, but it’s been a while since investors have seen the rewards. The software giant’s stock price is up less

Microsoft’s underperformance has investors looking to cloud for growth Read More »

Alphabet shares close above 0 for first time on split-adjusted basis

Alphabet shares close above $200 for first time on split-adjusted basis

Technology News

Sundar Pichai, chief executive officer of Alphabet Inc. Kyle Grillot | Bloomberg | Getty Images Alphabet shares closed at $200 per share for the first time on Friday as investors grow increasingly bullish on the company’s opportunities in artificial intelligence. The stock gained 1.1% on Friday and a little over 2% for the week to

Alphabet shares close above $200 for first time on split-adjusted basis Read More »

Twilio shares pop 22% and head for biggest gain since Covid pandemic on growth forecast

Twilio shares pop 22% and head for biggest gain since Covid pandemic on growth forecast

Technology News

Twilio CEO Khozema Shipchandler speaks at Twilio’s Signal event in Sao Paulo on Aug. 14, 2024. Courtesy: Twilio Twilio shares soared more than 20% on Friday and headed for their biggest gain since the early days of the Covid pandemic after the cloud communications software vendor issued an uplifting profit forecast for the coming years. The

Twilio shares pop 22% and head for biggest gain since Covid pandemic on growth forecast Read More »

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