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A number of stocks jumped in the afternoon session after the technology sector climbed as an OpenAI share sale catapulted the firm to the world's most valuable startup, bolstering optimism for artificial intelligence...
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A number of stocks jumped in the afternoon session after the technology sector climbed as an OpenAI share sale catapulted the firm to the world's most valuable startup, bolstering optimism for artificial intelligence...
Continue ReadingTech stocks rose late Thursday afternoon with the Technology Select Sector SPDR Fund (XLK) adding 0...
Continue ReadingOpenAI could now be the world's most valuable startup, ahead of Elon Musk's SpaceX and TikTok's parent company ByteDance, after a secondary stock sale designed to retain employees at the ChatGPT maker. The investors buying the shares included Thrive Capital, Dragoneer Investment Group and T. Rowe Price, along with Japanese tech giant SoftBank and the United Arab Emirates' MGX, the source said Thursday. The valuation reflects high expectations for the future of AI technology and continues OpenAI’s remarkable trajectory from its start as a nonprofit research lab in 2015...
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The AI data-center spending spree continues...
Continue ReadingThese AI infrastructure and application companies are capturing the next wave of enterprise spending...
Continue ReadingShares of computer processor maker Intel (NASDAQ:INTC) jumped 3.8% in the afternoon session after reports surfaced that the company was in early talks with its competitor, Advanced Micro Devices (AMD), about a potential deal to manufacture chips for them...
Continue ReadingMicrosoft has inked more than $33 billion in commitments to neocloud providers, including Nebius, CoreWeave, Nscale and Lambda. Bloomberg's Brody Ford explains what's behind this strategy with Caroline Hyde and Ed Ludlow on "Bloomberg Tech."...
Continue ReadingIn what has been a tumultuous and unpredictable year, the third quarter qualifies as a period of normalcy...
Continue ReadingWhile Apple stock has turned positive for the year, it is underperforming the market this year. The company is fine-tuning its AI strategy and has reportedly shelved the plans to overhaul the Vision Pro headsets to focus on glasses...
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