Enterprise
Alphabet shares fall more than 7% on revenue miss, heightened AI investments
CEO of Alphabet and Google Sundar Pichai in Warsaw, Poland on March 29, 2022. Mateusz Wlodarczyk | Nurphoto | Getty Images Alphabet shares dropped more than 7% premarket Wednesday after the search giant fell short of Wall Street’s fourth-quarter revenue expectations and announced big spending plans for its ongoing artificial intelligence buildout. The company topped […]
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Uber beats fourth-quarter revenue expectations but offers soft guidance
Uber shares fell around 7% in premarket trading Wednesday after the ride-sharing company reported fourth-quarter results that beat analysts’ expectations for revenue but offered soft guidance. Here’s how the company did: Earnings per share: $3.21. That does not compare with the 50 cents expected by LSEG. Revenue: $11.96 billion vs. $11.77 billion expected by LSEG. Uber’s revenue […]
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Palantir soars 25% to record high as AI powers strong earnings and guidance
Palantir surged more than 25% on Tuesday to a record high after reporting stronger-than-expected fourth-quarter results and guidance driven by ongoing artificial intelligence gains. The Denver-based software company posted adjusted earnings of 14 cents per share and $828 million in revenue. That topped the 11 cents per share and revenues of $776 million expected by […]
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How DeepSeek and next-generation AI agents could erode value of language models
Jaap Arriens | NurPhoto via Getty Images Large language models like those developed by Microsoft-backed firm OpenAI are set to become commoditized this year amid rapid advances toward next-generation artificial intelligence agents and more nimble, open-source rivals, according to top tech executives. Last week, Chinese AI firm DeepSeek released R1, an open-source reasoning model that […]
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Intel issues weak forecast, citing seasonality and an uncertain economy
Michelle Johnston Holthaus, Intel’s co-CEO and then executive vice president and general manager of the company’s Client Computing Group, holds a Intel Core Ultra processor as she speaks during the Intel AI Everywhere event in New York on Thursday, Dec. 14, 2023. Victor J. Blue | Bloomberg | Getty Images Intel issued disappointing quarterly guidance […]
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IBM rallies nearly 13%, heads for best day since 2000 on strong earnings
Chairman, President and Chief Executive Officer of IBM Arvind Krishna attends the 55th annual World Economic Forum (WEF) meeting in Davos, Switzerland, Jan. 22, 2025. Yves Herman | Reuters IBM surged 14% Thursday on the back of a strong fourth-quarter print that showed artificial intelligence growth boosting its software business. The move put the stock […]
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DeepSeek’s AI claims have shaken the world — but not everyone’s convinced
Chinese artificial intelligence firm DeepSeek rocked markets this week with claims its new AI model outperforms OpenAI’s and cost a fraction of the price to build. The assertions — specifically that DeepSeek’s large language model cost just $5.6 million to train — have sparked concerns over the eyewatering sums that tech giants are currently spending […]
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Microsoft set to report earnings after the bell
Satya Nadella, CEO of Microsoft, arrives for the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idaho, July 9, 2024. Brendan McDermid | Reuters Microsoft will report fiscal second-quarter results after the U.S. market close Wednesday. Here’s what analysts are looking for, according to LSEG: […]
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ASML CEO sees low-cost AI models like DeepSeek driving more demand — not less
Dutch semiconductor equipment maker ASML expects new low-cost models like the one rolled out by China’s DeepSeek to lead to more — rather than less — demand for AI chips, CEO Christophe Fouquet told CNBC Wednesday. ASML beat estimates on both sales and profit for the fourth quarter and said it had an order backlog […]
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23andMe is exploring strategic alternatives, looking to raise capital
Anne Wojcicki, co-founder and chief executive officer of 23andme Inc., during the South by Southwest (SXSW) festival in Austin, Texas, US, on Friday, March 10, 2023. Jordan Vonderhaar | Bloomberg | Getty Images Embattled genetic testing company 23andMe said on Tuesday that it’s started exploring strategic alternatives for a second time, which could include a […]
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