Apple (AAPL) is best known for its iPhone. But what will come next? According to Morgan Stanley, humanoid robotics. In a research report, the investment bank claims that Apple’s nascent robotics work could eventually be worth upward of $133 billion per year or more. “Leveraging Apple’s market share across a number of leading consumer products […]
OpenAI (OPAI.PVT) CEO Sam Altman on Thursday shot down the idea that the company is seeking some kind of government guarantee to protect it against failure. In a lengthy post on X, Altman denied that OpenAI wants or is seeking government guarantees for its data centers, saying, “We believe that governments should not pick winners […]
For Tesla (TSLA) investors, the trillion-dollar day is almost here — and already sparks are flying before Thursday’s annual meeting in Austin, Texas, even before it begins. One big spark: Norway’s $1.9 trillion sovereign wealth fund, which holds a 1.2% stake in the carmaker, will vote against CEO Elon Musk’s new compensation package, one that […]
(Bloomberg) — Apple Inc. is planning to pay about $1 billion a year for an ultrapowerful 1.2 trillion parameter artificial intelligence model developed by Alphabet Inc.’s Google that would help run its long-promised overhaul of the Siri voice assistant, according to people with knowledge of the matter. Following an extensive evaluation period, the two companies […]
Advanced Micro Devices (AMD) reported its Q3 earnings after the bell on Tuesday topped analysts’ expectations on earnings and revenue and provided strong fourth quarter guidance. The company say it foresees revenue of between $9.3 billion and $9.9 billion. Wall Street was anticipating revenue of $9.21 billion. AMD stock rose in the immediate wake of […]
Bitcoin (BTC-USD) plummeted on Tuesday as investor concerns over the government shutdown and slowing economic growth led to a sell-off of the world’s largest cryptocurrency. The token declined more than 6% to briefly slip below $100,000, its lowest level since June. Bitcoin is down roughly 20% from its all-time high north of $126,000 touched in […]
Big Tech firms’ increasing investments in artificial intelligence show that even if the stock market is in a bubble, equities still have room to run higher before it bursts. Last week, Amazon (AMZN), Alphabet (GOOG, GOOGL), and Meta (META) hiked their capital expenditure forecasts for their 2025 fiscal years, while Microsoft (MSFT) reported higher-than-expected spending […]
Advanced Micro Devices (AMD) is set to report its fiscal third quarter earnings after the bell on Tuesday, following a series of massive AI chip deals with the likes of OpenAI (OPAI.PVT) and Oracle (ORCL). Last month, AMD signed a deal to provide OpenAI with up to 6 gigawatts worth of graphics processing units (GPUs) […]
(Reuters) -Artificial intelligence giant Nvidia’s most advanced chips will be reserved for U.S. companies and kept out of China and other countries, U.S. President Donald Trump said. During a taped interview that aired on Sunday on CBS’ “60 Minutes” program and in comments to reporters aboard Air Force One, Trump said only U.S. customers should […]
Alphabet’s X moonshot factory is shifting how it brings ambitious technology projects to market, increasingly spinning them out as independent companies rather than keeping them within the Alphabet corporate structure, X’s head honcho, Astro Teller, revealed at TechCrunch Disrupt this past week. The strategy hinges on a dedicated venture fund that exists solely to invest […]
The Texas shale boom is showing signs of cooling, but demand from the AI boom could help steady the state’s flagging energy industry. Production activity in America’s oil and gas sector, concentrated in Texas, fell in the third quarter, according to data released in September by the Federal Reserve Bank of Dallas. This marked the […]
Tesla (TSLA) chair Robyn Denholm said this week that the company’s upcoming Cybercab could be shipped with a few tweaks — a steering wheel and pedals. It doesn’t sound earthshaking, but it is a big deal. Here’s why. The Cybercab may solve a big problem for Tesla: It could be converted into the long-awaited cheaper […]
