Traders work on the floor of the New York Stock Exchange during morning trading on July 31, 2024. Michael M. Santiago | Getty Images As U.S. markets opened for trading on Monday, tech’s mega-cap companies lost about $1 trillion in market cap, deepening a downturn that sent the Nasdaq into correction territory last week. Nvidia […]
$1 trillion wipeout: Market rout punishes mega-cap tech Read More »
Meta shares jumped in extended trading on Wednesday after the company beat Wall Street estimates for revenue and profit and issued a better-than-expected forecast for the current period. Here are the results, compared to LSEG estimates: Earnings: $5.16 a share vs. $4.73 per share expected Revenue: $39.07 billion vs. $38.31 billion expected Meta provided revenue guidance for
Meta shares pop on revenue and earnings beat, better than expected forecast Read More »
Google CEO Sundar Pichai (L) and Apple CEO Tim Cook (R) listen as U.S. President Joe Biden speaks during a roundtable with American and Indian business leaders in the East Room of the White House in Washington, D.C., on June 23, 2023. Anna Moneymaker | Getty Images Apple said on Monday that the artificial intelligence
Apple says its AI models were trained on Google’s custom chips Read More »
OpenAI on Thursday announced a prototype of its own search engine, called SearchGPT, aimed to give users “fast and timely answers with clear and relevant sources.” The company said it eventually plans to integrate the tool, which is currently being tested with a small group of users, into its viral chatbot, ChatGPT. Since the launch
OpenAI announces a search engine called SearchGPT; Alphabet shares dip Read More »
Meta founder and CEO Mark Zuckerberg speaks during the Meta Connect event at Meta headquarters in Menlo Park, California, on Sept. 27, 2023. Josh Edelson | AFP | Getty Images Meta CEO Mark Zuckerberg has been assembling a large stockpile of Nvidia chips, spending billions of Dollars so his company can develop and train advanced
Tech’s splurge on AI chips has companies in ‘arms race’ that’s forcing more spending Read More »
Josh Edelson | AFP | Getty Images Google is testing facial recognition technology for office security “to help prevent unauthorized individuals from gaining access to our campuses,” according to a description of the program that was viewed by CNBC. The initial test is taking place at one of Alphabet’s sites in Kirkland, Washington, a Seattle
