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Business spending on AI surged 500% this year to .8 billion, says Menlo Ventures

Business spending on AI surged 500% this year to $13.8 billion, says Menlo Ventures

Technology News

Sopa Images | Lightrocket | Getty Images Business spending on generative AI surged 500% this year, from $2.3 billion in 2023 to $13.8 billion, according to data released by Menlo Ventures on Wednesday. The report also found that OpenAI ceded market share in enterprise AI, declining from 50% to 34%. Anthropic doubled its market share […]

Business spending on AI surged 500% this year to $13.8 billion, says Menlo Ventures Read More »

This climate startup is challenging Tesla in the race to electrify big rigs

This climate startup is challenging Tesla in the race to electrify big rigs

Technology News

On the road to electrifying vehicles, cars and small trucks are getting there. Big rigs, however, pose bigger hurdles. The trouble with electrifying tractor-trailer trucks is that the tractor component needs more power than the current charging infrastructure can handle and the necessary charging time is long. Major truck manufacturers like Volvo, Freightliner and Tesla

This climate startup is challenging Tesla in the race to electrify big rigs Read More »

Shopify stock skyrockets 25% on revenue beat, rosy holiday forecast

Shopify stock skyrockets 25% on revenue beat, rosy holiday forecast

Technology News

An employee works at Shopify’s headquarters in Ottawa, Ontario in Canada. Chris Wattie | Reuters Shopify shares popped more than 25% in Tuesday morning trading after the Canadian e-commerce company posted better-than-expected revenue for the third quarter and gave an optimistic forecast for the holiday shopping season. Here’s how the company did: Earnings: 64 cents

Shopify stock skyrockets 25% on revenue beat, rosy holiday forecast Read More »

China’s Alibaba releases AI search tool for small businesses in Europe and the Americas

China’s Alibaba releases AI search tool for small businesses in Europe and the Americas

Technology News

Alibaba International promotes its e-commerce platform for small businesses at the Canton Fair in Guangdong, China, on Oct. 16, 2024. Vcg | Visual China Group | Getty Images BEIJING — Chinese e-commerce giant Alibaba on Tuesday unveiled an artificial intelligence-powered search engine for small businesses in Europe and the Americas to source supplies. It’s an

China’s Alibaba releases AI search tool for small businesses in Europe and the Americas Read More »

Block reports revenue miss but a slight beat on earnings

Block reports revenue miss but a slight beat on earnings

Technology News

Block reported third-quarter revenue on Thursday that trailed Wall Street expectations. The stock initially sold off after hours but erased most of its losses as investors focused more on profitability metrics. Here is how the company did, compared to analysts’ consensus estimates from LSEG. Earnings per share: 88 cents adjusted vs. 87 cents expected Revenue:

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How Elon Musk stands to cash in on Trump’s presidential victory

How Elon Musk stands to cash in on Trump’s presidential victory

Technology News

Tesla CEO Elon Musk (R) joins former U.S. President and Republican presidential candidate Donald Trump during a campaign rally at the site of his first assassination attempt in Butler, Pennsylvania, on Oct. 5, 2024. Jim Watson | Afp | Getty Images As Donald Trump celebrated his presidential victory early Wednesday morning, Elon Musk was right

How Elon Musk stands to cash in on Trump’s presidential victory Read More »

Perplexity AI in final stages of raising 0 million round at billion valuation

Perplexity AI in final stages of raising $500 million round at $9 billion valuation

Technology News

Perplexity AI logo is seen in this illustration taken January 4, 2024.  Dado Ruvic | Reuters Perplexity AI, the artificial-intelligence search engine startup, is in the final stages of raising $500 million in funding at a $9 billion valuation, a source familiar with the situation told CNBC. The startup competes against the likes of Google and

Perplexity AI in final stages of raising $500 million round at $9 billion valuation Read More »

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