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Nvidia CEO Jensen Huang unveiled its Project GROOT during the company's developer conference...
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XPeng Inc (NYSE: XPEV) delivered a less-than-feared fourth quarter loss due to cost cuts that brought margin improvements. However, the China-based EV maker provided a muted EV delivery guidance amid the economic and demand slowdown, joining the EV king Tesla Inc (NASDAQ: TSLA) who also warned of a slowdown by stating this year’s vehicle volume growth could be “notably lower” compared to last year. Both Tesla and XPeng confirmed the launch dates of their affordable EVs in response to the rising...
Continue ReadingNvidia CEO Jensen Huang talking about the energy efficiency of the new Blackwell GPU may be a sign businesses are starting to care about AI's sustainability issues...
Continue ReadingGoogle-parent Alphabet got caught in the market downturn the first quarter of last year and reported a drop in earnings growth on a minuscule sales gain. Then it blasted off, posting rising earnings and sales growth, including 42% profit surges the past two quarters. With annual revenue topping $300 billion, it's surprising to see that Alphabet stock has soared 73% since January 2023...
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In June 2023, Inflection announced it had raised $1.3 billion to build what it called "more personal AI." The lead investor was Microsoft. Today, less than a year later, Microsoft announced that it was essentially eating Inflection alive (though I think they phrased it differently). Co-founders Mustafa Suleyman and Karén Simonyan will go to Microsoft, where the former will head up the newly formed Microsoft AI division, along with "several members" of their team as Microsoft put it — or "most of...
Continue ReadingEV research firm Inovev found that the Tesla Model Y topped global auto production numbers last year, but Chinese models are growing in popularity...
Continue ReadingThe current AI-infused record highs in the stock market have some people remembering 2000, when the dot-com bubble burst leaving many investors holding the bag. But veteran financial journalist Allan Sloan says that he was there and this feels much different...
Continue ReadingApple doesn't provide much in the way of dividends. A covered call involves buying 100 shares of the underlying stock and simultaneously selling a call option against those shares. It creates an income stream for you in the form of the option premium you collect...
Continue ReadingMustafa Suleyman will be CEO of Microsoft AI. He joins from Inflection AI, where he had been CEO and a co-founder...
Continue ReadingMicrosoft has hired Mustafa Suleyman and Karen Simonyan, co-founders of high-profile AI startup Inflection AI, and several of their colleagues as the Satya Nadella-led cloud giant continues its aggressive push to attract top talent. Suleyman -- also a co-founder of DeepMind, which Google bought in 2014 to bolster its own AI efforts -- will run Microsoft's newly formed consumer AI unit, called Microsoft AI, whereas Simonyan is joining the company as a chief scientist in the same new group. Mustaf...
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