The Marriner S. Eccles Federal Reserve building in Washington, DC, U.S., on Sunday, Jan. 12, 2025. Samuel Corum | Bloomberg | Getty Images If investors were to judge the stability of the economy by looking at the stock market, its two-day winning streak might lead investors to think that it’s business as usual. The market’s … Read more
Lisa Su, chair and CEO of Advanced Micro Devices Inc., during the AMD Advancing AI event in San Jose, California, on Dec. 6, 2023. David Paul Morris | Bloomberg | Getty Images Advanced Micro Devices shares slumped 6.3% on Wednesday after the chipmaker under-delivered on Wall Street’s estimates for its important data center business. Shares … Read more
AI and Crypto Czar David Sacks speaks with President Donald J Trump as he signs executive orders in the Oval Office at the White House on Jan. 23, 2025 in Washington, DC. Jabin Botsford | The Washington Post | Getty Images As David Sacks, the newly appointed White House AI and crypto czar, collaborates with … Read more
An Apple Store in the Jiefangbei commercial district, adorned with a golden apple and snake motif to celebrate the Chinese Year of the Snake, on Jan. 14, 2025 in Chongqing, China. Cheng Xin | Getty Images News | Getty Images Apple shares fell on Wednesday after Bloomberg reported that Chinese regulators are considering whether to … Read more
The case is part of a grudge match between Musk and OpenAI CEO Sam Altman which is playing out in court. A United States federal judge has said that parts of Elon Musk’s lawsuit against OpenAI to halt its conversion to a for-profit entity might go to trial, adding that the Tesla CEO will have … Read more
Sundar Pichai, CEO of Google and Alphabet, attends the inauguration of a new hub in France dedicated to the artificial intelligence (AI) sector, at the Google France headquarters in Paris, France, Feb. 15, 2024. Gonzalo Fuentes | Reuters Google parent company Alphabet shares fell as much as 8% in after-hours trading Tuesday after the company reported fourth-quarter … Read more
Partnership will allow South Korean tech firm to use ChatGPT for its artificial intelligence services. OpenAI chief Sam Altman has inked a deal with South Korea’s tech giant Kakao as the California-based firm seeks new alliances after Chinese rival DeepSeek shook the global AI industry. Kakao, which owns an online bank, South Korea’s largest taxi-hailing … Read more
Alex Karp, chief executive officer of Palantir Technologies Inc., during a Bloomberg Technology television interview during the FoundryCon event in Palo Alto, California, US, on Thursday, March 7, 2024. David Paul Morris | Bloomberg | Getty Images Palantir shares surged as much as 23% in extended trading on Monday after the software company reported fourth-quarter … Read more
Reid Hoffman, Partner at Greylock and co-founder LinkedIn, speaks during the WSJ Tech Live conference hosted by the Wall Street Journal at the Montage Laguna Beach in Laguna Beach, California, on October 21, 2024. Frederic J. Brown | Afp | Getty Images LinkedIn co-founder and venture capitalist Reid Hoffman became a billionaire from his business … Read more
Singapore’s Ministry of Trade and Industry (MTI) said in a statement Saturday that it expects U.S. companies to comply with U.S. export controls and local laws, following questions over the chips used by China’s DeepSeek to produce its AI model. Markets were rocked this week after DeepSeek claimed its large language model outperforms OpenAI’s but … Read more