AI

AI Recent News

Google Executive Says Supply Chain Uses of Generative AI Flourishing
SAN ANTONIO — The Momentum conference brings together roughly 1,000 attendees who use the industry-leading warehouse, TMS and other capabilities of Wall Street darling Manhattan Associates (NASDAQ: MANH).
Don't Train AI On Our Content And Artists, Sony Warns AI Companies
Sony Music Group, one of the world's largest record labels, has issued a stark warning to AI companies and music streaming services. Sony prohibits any text or data mining, web scraping, or similar uses of its content for AI training or development. Representing artists like Lil Nas X and Celine Dion, Sony aims to protect intellectual property and ensure rightful compensation, urging over 700 companies to refrain from unauthorized use.
Microsoft's AI Ambition And Data Center Growth Side Effects: Emissions
Microsoft's emissions increased by 29.1% due to data center expansion for AI and cloud computing, competing with Amazon and Google. It plans to use 100% carbon-free electricity by 2030.
Nvidia Tops Hedge Fund Buys as Interest in AI Stocks Fuel Market Gains: Bloomberg
Hedge funds increased holdings in AI companies like Nvidia, Amazon, Meta, and Microsoft while reducing positions in other sectors. Analysts predict huge revenue from Nvidia's new GPUs.
Microsoft's Massive €4 Billion Investment In French Tech And A Stunning 9% Stock Recovery Could Propel Their Shares Towards $500
Microsoft recently announced plans to invest €4 billion to enhance its Cloud and AI infrastructure in France. Microsoft's stock has shown resilience, recovering about 9% after a near 10% decline, with potential for a move towards $500.
Artificial Intelligence Players Must Weigh High Rewards With Immense Risks: Moody's
AI has immense potential to revolutionize industries but companies must carefully weigh risks & rewards. Big tech firms are best poised to succeed, Moody's says.
What's Going On With Oracle Corporation Shares Wednesday?
Oracle Corporation (NYSE: ORCL) shares fluctuate as the company reportedly nears a $10 billion cloud contract with xAI, while uncertainties surround its headquarters relocation from Texas to Nashville.
Tanking Profit Overshadowed Alibaba's AI Growth And Reignited Domestic E-Commerce
On Tuesday, Alibaba Group Holding Limited (NYSE: BABA) reported its net profit took quite a dive during the fiscal fourth quarter, after already having a hard time throughout 2023 as it underwent its largest-ever corporate restructuring.
EXCLUSIVE: Zapata AI Partners With India-Based Tech Mahindra To Transform Network And Customer Operations
Zapata Computing partners with Tech Mahindra to revolutionize CSP solutions. Leveraging Zapata AI's quantum-based Generative AI, expect enhanced operational efficiency, proactive maintenance, and personalized customer interactions.
'Running Out Of Money': AI Firms That Took Bold Bets May Need To Sell
Firms with limited cash balances are burning through their funds to keep afloat.
AI On iOS To 'Drive Higher Institutional Ownership' Of Apple's iPhone, Analyst Sees 23.5% Upside
BofA Securities analyst Wamsi Mohan maintained his Buy rating on Apple stock with price target of $230 a share.
The 'Silent' Billionaires Cashing In On The AI Boom (Besides Nvidia's Jensen Huang And OpenAI's Sam Altman)
Here's a breakdown of the notable executives who reaped substantial gains by spearheading the AI revolution at their respective companies (or by just being in the right place at the right time)/
High-Performance Memory Chip Supply To Stay Tight In 2024 Amid Surging AI Demand, Major Manufacturers Face Shortages
The global supply of high-performance memory chips is expected to remain constrained throughout 2024, driven by the soaring demand for artificial intelligence technology.
China's Semiconductor Spending Tops US With $142B Commitment: Global Chip Race Heats Up
Western governments prioritize securing chip supply to compete with China, as seen through Biden's $32.8B incentives, export restrictions, and ASML concerns.
Baidu to Report Q1 Earnings: What's in the Offing?
Baidu, Inc. (NASDAQ: BIDU) is scheduled to report first-quarter 2024 results on May 16. The Zacks Consensus Estimate for revenues is pegged at $4.31 billion, indicating a decline of 4.9% from the year-ago quarter's reported figure.
HSBC Analyst Sees Nvidia Stock Climbing Another 50% On Strong Pricing Power, AI Roadmap
HSBC Global Research maintained Nvidia Corp (NASDAQ:NVDA) with a Buy rating Monday and lifted its 12-month price target as the firm believes the chipmaker's strong pricing power will allow the company to continue to deliver upside surprises through fiscal-year 2026.
NEXT Trucking Releases Expert Tools to Tackle Supply Chain Complexity
Long Beach, California-based NEXT Trucking recently announced product and program updates as part of its tech stack improvements following its merger with Chicago-based digital freight broker CDL-1000.
AI Focus At Google I/O: Analyst Anticipates Groundbreaking Announcements In Search, Mobile Tech
BofA analyst maintains Buy rating on Alphabet Inc, expects I/O to showcase AI integration and new features for SGE and mobile devices.
AMD Failed To Meet Lofty Expectations
At the end of April, Advanced Micro Devices Inc (NASDAQ: AMD) failed to impress, unlike Nvidia Corporation (NASDAQ: NVDA) that has been crushing investor expectations on the back of soaring AI chip sales for quite a while.
5 Reasons To Buy Duolingo: This Analyst Sees 46.5% Upside Despite GenAI Competition
Duolingo is expected to achieve ~39% incremental Adj. EBITDA margins in 2024, indicating strong potential for profitabilitt expansion.
Arm Holdings Gears Up for AI Foray with New Chip Division Launching Next Year
SoftBank's Arm Holdings developing AI chips, with plans to release in 2022. Arm will fund development and seek partnerships for mass production.
US, China To Discuss AI Risks In Geneva: Will Washington's Policies Be Up For Negotiation?
The United States and China are set to meet in Geneva to discuss the potential risks of advanced artificial intelligence. The U.S. officials have made it clear that their policies will not be open for negotiation during the talks.
AI Revolution 'On the Doorstep:' The 'Tidal Wave' Is Well Underway, Analyst Says
AI revolution is here with tech giants like Microsoft, Alphabet, and Amazon leading the way. AI spending to account for 8%-10% of IT budgets by 2024. Microsoft and Apple's strong AI strategies will propel growth in the coming years.