Alphabet Inc
McDonald’s to end AI drive-through test with IBM
McDonald’s is changing course on its artificial intelligence plans. The fast-food giant will end a test run of its AI drive-through technology partnership with IBM in more than 100 restaurants. The so-called Automated Order Taker will be shut off no later than July 26, according to a memo sent to franchisees late last week, obtained […]
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How Eli Lilly is managing soaring demand for GLP-1s, according to outgoing CFO Anat Ashkenazi
A pharmacist holds boxs of Eli Lilly & Co. Mounjaro brand tirzepatide medication arranged at a pharmacy in Provo, Utah, US, on Monday, Nov. 27, 2023. George Frey | Bloomberg | Getty Images Skyrocketing demand for a class of weight loss and diabetes treatments has lifted Eli Lilly to new heights over the last year. […]
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Malaysia is emerging as a data center powerhouse amid booming demand from AI
A large hallway with supercomputers inside a server room data center. Luza Studios | E+ | Getty Images Malaysia is emerging as a data center powerhouse in Southeast Asia and the continent more broadly as demand surges for cloud computing and artificial intelligence. Over the past few years, the country has attracted billions of dollars […]
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Adobe shares surge 15%, head for sharpest rally since 2020
Adobe CEO Shantanu Narayen speaks during an interview with CNBC on the floor at the New York Stock Exchange on Feb. 20, 2024. Brendan Mcdermid | Reuters Adobe shares surged 15% on Friday, the biggest gain since March 2020, after the software maker reported earnings and revenue that beat analysts’ estimates. After the bell on […]
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A bunch of analysts cut price targets on these 3 stocks this week. Here’s why
Analysts have slashed price targets on three stocks from around the world over the past week: Adobe , France’s Remy Cointreau , and Israeli software provider NICE . Remy Cointreau and NICE shares are also traded in the U.S. CNBC Pro screened for global stocks that have had price target cuts from five or more […]
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Netflix hunts for a production partner for its Christmas NFL games
Brock Purdy #13 of the San Francisco 49ers prepares to take a snap in the first quarter against the Kansas City Chiefs0 during Super Bowl LVIII at Allegiant Stadium on February 11, 2024 in Las Vegas, Nevada. Michael Reaves | Getty Images Netflix is trying to get ready for some football. The streaming giant has […]
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Google search head says ‘we won’t always find’ mistakes with AI products and have to take risks rolling them out
Liz Reid, vice president, search, Google speaks during an event in New Delhi on December 19, 2022. Sajjad Hussain | AFP | Getty Images Google’s new head of search said at an all-hands meeting last week that mistakes will occur as artificial intelligence becomes more integrated in internet search, but that the company should keep […]
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These are the stocks to play the next ‘bottleneck’ in AI, according to the pros
There’s been a lot of talk about artificial intelligence’s current phase: infrastructure building. That has obvious benefits for chipmakers such as Nvidia and hyperscalers like Amazon , Microsoft and Alphabet . Hyperscalers provide the massive cloud computing power needed for AI applications, and analysts have predicted the growing need for more data centers as they […]
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Broadcom beats earnings estimates, announces 10-for-1 stock split
Igor Golovniov | Lightrocket | Getty Images Broadcom posted earnings for the second fiscal quarter on Wednesday that beat analyst estimates. It also announced a 10-1 stock split, set to begin trading on a split-adjusted basis on July 15. The stock rose about 10% in extended trading. Here’s how the company did versus LSEG consensus […]
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Larry Ellison is $18 billion richer after Oracle shares rally the most since 2021
Larry Ellison, chairman and co-founder of Oracle Corp., speaks during the Oracle OpenWorld 2017 conference in San Francisco on Oct. 1, 2017. David Paul Morris | Bloomberg | Getty Images Oracle Chairman Larry Ellison is $18 billion richer after the software maker he founded in 1977 forecast double-digit revenue growth for the fiscal year, putting […]
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