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It has issued orders to five companies seeking information about recent AI investments and partnerships...
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Tesla (TSLA) closes 12% lower on Thursday after missing on fourth-quarter earnings estimates and warning of lower production growth in 2024. IBM (IBM) shares surge on the company's revenue beat and booming AI demand. Lastly, United Rentals (URI) tops fourth-quarter earnings and releases positive 2024 guidance. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan...
Continue ReadingThe Federal Trade Commission has launched an inquiry into Big Tech investments and partnerships—including Microsoft (MSFT), Amazon (AMZN) and Alphabet-owned Google (GOOG, GOOGL) – demanding information and documents concerning investment into AI developers including OpenAI and Anthropic, citing concerns of lack of competition. Specifically, the FTC and its Chair, Lina Khan, are exploring whether some of the world's biggest tech firms are potentially cornering the market of generative AI, allowing the field to be controlled by a select few players. Yahoo Finance’s Alexis Keenan breaks down the inquiry and what how the AI regulation landscape is changing. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live Editor's note: This article was written by Eyek Ntekim...
Continue ReadingIBM stock jumped late Wednesday after the tech stalwart reported better than expected earnings and revenue for its fourth quarter...
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Tesla warns of slowing growth in 2024, IBM sees a surge in demand for its artificial-intelligence software and services businesses, Humana posts a surprise fourth-quarter loss, and the FAA halts expansion in production of Boeing’s 737 MAX...
Continue ReadingWedbush's Dan Ives is worried that Tesla's near-term prospects are "shaky" as it awaits new streams of revenue from mass-market EVs, full self-driving, AI, and robotics...
Continue ReadingTesla tumbled Thursday as analysts offered cautious notes and slashed 2024 estimates after the EV giants weak earnings and gloomy guidance...
Continue ReadingGoogle parent Alphabet Inc’s (NASDAQ:GOOG) (NASDAQ:GOOGL) stock is up on Thursday. It resolved a patent lawsuit on Wednesday involving AI technology, with the claim amounting to an extraordinary $1.67 billion. Singular Computing, established by Massachusetts computer scientist Joseph Bates, initiated the lawsuit. The company accused Google of misusing its computer-processing solutions. Google has also partnered with Hugging Face, a startup specializing in AI software, to host its platform on Goo...
Continue Reading(Bloomberg) -- Weight-loss drug innovators have unseated electric-car makers as some of 2024’s must-own stocks.Most Read from BloombergPutin Sends US Signal on Ukraine Talks, Sensing Advantage in WarTesla Sinks After Warning About ‘Notably Lower’ Growth RateUS Extends Lead Over China in Race for World’s Biggest EconomyUS GDP Grew 3.3% Last Quarter, Capping Unexpectedly Strong YearTesla Inc.’s $80 billion wipeout, spurred by investor anxiety about slowing growth, led to Eli Lilly & Co. overtaking...
Continue ReadingFord Motor and General Motors shares got a new bullish call from an old fan this week. On Wednesday evening, Freedom Capital Markets analyst Mike Ward launched coverage of both Ford and GM shares with Buy ratings. GM shares gained 1.2% and Ford rose 2.1% through late trading Thursday, while shares of another U.S. car maker— Tesla —were heading in the opposite direction...
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