Alphabet Inc
Apple is spending more on AI, but remains far behind its Silicon Valley peers
Apple CEO Tim Cook opens WWDC 2024 in Cupertino, California, on June 10, 2024. Source: Apple The topic of greatest interest to analysts on Apple’s quarterly earnings call on Thursday was a product that’s not even available to the general public yet. Apple Intelligence, the company’s forthcoming artificial intelligence system, could spur a fresh cycle […]
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Amazon’s cloud unit reports 19% revenue growth, topping estimates
Amazon Web Services CEO Matt Garman speaks during CNBC Power Lunch on July 1, 2024. CNBC Amazon said Thursday that revenue in its cloud division increased 19% in the second quarter, beating analysts’ estimates. The company reported revenue for Amazon Web Services of $26.28 billion. Analysts surveyed by StreetAccount had expected $26.02 billion. AWS is […]
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Amazon to report quarterly earnings after the close
Amazon CEO, Andy Jassy speaking with CNBC’s Jim Cramer on Mad Money in Seattle, WA. on Dec. 6th, 2023. CNBC Amazon is set to report second-quarter earnings after the bell on Thursday. Here’s what analysts polled by LSEG are expecting: Earnings per share: $1.03 Revenue: $148.56 billion Wall Street is also looking at these key […]
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World’s first major AI law enters into force — here’s what it means for U.S. tech giants
The European Union’s landmark artificial intelligence law officially enters into force Thursday — and it means tough changes for American technology giants. The AI Act, a landmark rule that aims to govern the way companies develop, use and apply AI, was given final approval by EU member states, lawmakers, and the European Commission — the […]
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CNBC Daily Open: Fed signals possible rate cut; Wall Street soars; oil gains as Middle East tensions rise
This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. Traders work on the floor of the New York Stock Exchange on July 25, 2023. Angela Weiss […]
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Microsoft says OpenAI is now a competitor in AI and search
Microsoft CEO Satya Nadella, right, greets OpenAI CEO Sam Altman during the OpenAI DevDay event in San Francisco on Nov. 6, 2023. Justin Sullivan | Getty Images News | Getty Images Microsoft‘s relationship with OpenAI has officially become more complicated. On Tuesday, Microsoft added the artificial intelligence startup to the list of competitors in the […]
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Meta’s advertising growth is proof that hefty AI spending is already paying off
Mark Zuckerberg, chief executive officer of Meta Platforms Inc., during an interview on “The Circuit with Emily Chang” at Meta headquarters in Menlo Park, California, US, on Thursday, July 18, 2024. Jason Henry | Bloomberg | Getty Images For investors who are skeptical of Meta’s massive spending on artificial intelligence and whether it will pay […]
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Meta set to report second-quarter earnings after the bell
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 is slated to report second-quarter earnings on Wednesday after the close of regular trading. Here’s what analysts polled by LSEG are expecting: Earnings per […]
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Pinterest shares tumble nearly 15% on weak guidance
Bill Ready, CEO of Pinterest, rings the opening bell at New York Stock Exchange (NYSE) in New York City, U.S., May 15, 2024. Brendan McDermid | Reuters Pinterest shares sank about 15% when the company reported its second-quarter earnings on Tuesday and provided third-quarter guidance that was lower than analyst estimates. Here’s how the company […]
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Microsoft set to report earnings after the bell
Microsoft CEO Satya Nadella speaks during the company’s Build developer conference in Seattle on May 21, 2024. Jason Redmond | AFP | Getty Images Microsoft is scheduled to report fiscal fourth-quarter earnings after U.S. market close on Tuesday. Here’s what analysts polled by LSEG are looking for: Earnings per share: $2.93 Revenue: $64.39 billion Microsoft […]
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