Meta Platforms Inc. (META.O) shares soared 7% on Thursday after the tech giant beat quarterly revenue estimates and forecast upbeat third-quarter sales. Strong digital ad spending on its social media platforms, coupled with AI investments, …
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Tesla to Invest $5 Billion in Elon Musk’s xAI? Poll Shows Strong Support
Elon Musk, CEO of Tesla, has sparked a debate among social media users after launching a poll asking if the electric carmaker should invest $5 billion in his artificial intelligence startup, xAI. The poll, posted …
Continue readingRay-Ban Meta Smart Glasses Outsell Previous Version: Are Smart Glasses Finally Taking Off?
The new generation of Ray-Ban Meta smart glasses has exceeded expectations, outselling the previous version, Ray-Ban Stories, in a matter of months. Released in October 2022, the new glasses feature AI capabilities that allow users …
Continue readingASML Order Book Soars on AI Chip Demand, Booming Despite China Concerns
ASML, the world’s leading supplier of equipment to chipmakers, is poised for a strong second quarter, driven by the burgeoning demand for AI chips. The company is expected to report a surge in new orders, …
Continue readingOpenAI Whistleblowers Accuse Company of Restrictive NDAs, SEC Investigation Requested
OpenAI whistleblowers have filed a complaint with the SEC, alleging that the company’s restrictive non-disclosure agreements (NDAs) violate federal whistleblower protections. The whistleblowers claim that OpenAI’s NDAs require employees to waive their rights to whistleblower …
Continue readingTSMC Q2 Revenue Soars 32% on AI Boom
Taiwan Semiconductor Manufacturing Co (TSMC), the world’s largest contract chipmaker, reported a significant revenue increase in the second quarter, driven by the booming demand for chips powering artificial intelligence (AI) applications. This growth far surpassed …
Continue readingMicrosoft Drops OpenAI Board Seat Amid Antitrust Concerns
Microsoft has stepped back from its observer position on the OpenAI board, a move that signals a shift in the companies’ relationship amid growing regulatory scrutiny. This decision comes after antitrust concerns were raised by …
Continue readingxAI and Oracle End $10 Billion Server Deal Talks
Elon Musk’s artificial intelligence startup xAI has ended talks with Oracle for a potential $10 billion server deal, according to The Information. The deal would have expanded on an existing arrangement where xAI rents Nvidia’s …
Continue readingAI Startup Funding Explodes in Q2, Doubling from Previous Quarter
Artificial intelligence (AI) startups experienced a significant surge in funding during the second quarter of 2023, reaching $24 billion, more than double the amount invested in the previous quarter. This data, released by Crunchbase, highlights …
Continue readingAI Stock Frenzy: Nvidia Downgraded, Pure Storage Slumps, Dell Gets a Boost
The AI sector is witnessing a rollercoaster of stock activity as analysts assess the impact of the burgeoning technology on various companies. Nvidia, the leading GPU maker, received a downgrade from New Street Research, citing …
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