Amazon reports boost in quarterly profits, exceeds revenue estimates as it invests in AI

AI Boom Is Real---and Really Profitable---Says Chip Maker TSMC

The world’s largest contract chip maker says revenue from AI-related products is expected to triple this year.

Business - The Wall Street Journal - October 17

SK Hynix Profit Momentum Continues on AI-Chip Demand

SK Hynix posted record earnings in the third quarter as it continued to ride strong demand for powerful computing chips to support artificial-intelligence applications.

Tech - The Wall Street Journal - October 23

New Google AI Will Take Over Browsers: Report

The new product, code-named Project Jarvis, may reach users as soon as December, according to reports.

Business - Inc. - 3 days ago

As AMD starts shifting focus to next year, just how high can AI revenue go?

Bullish expectations for AMD’s AI revenue came down sharply over the course of this year. Some analysts say early estimates for 2025 are already too high.

Business - MarketWatch - 3 days ago

Tesla’s Shares Surge 20% After Strong Earnings and Outlook

The company said profits climbed 17 percent in the third quarter. It expects car sales to rise up to 30 percent next year when it plans to begin selling new models.

Business - The New York Times - October 24

Beyoncé brings star power as Kamala Harris touts ‘freedom’ in Texas

Vice-president seeks to energise women voters as White House race against Donald Trump tightens

Business - Financial Times - 6 days ago

Nasdaq hits record high as tech stocks rebound from summer sell-off

Sharp turnaround from 15% slide as investors make ‘heads I win, tails you lose’ bet

Business - Financial Times - 6 days ago

Amazon-backed Anthropic debuts AI agents that can do complex tasks, racing against OpenAI, Microsoft and Google

Anthropic, the Amazon-backed AI startup founded by former OpenAI research executives, announced AI agents that can use a computer to complete complex tasks.

Business - CNBC - October 22

Apple looks strong on AI; Amazon rules the cloud. Earnings will show how much.

Expect positive surprises from these two “Magnificent Seven” standouts.

Business - MarketWatch - 12 hours ago

Elon Musk’s X is boosting election conspiracy theories with AI-powered trending topics

The misinformation boosted by X’s AI model Grok included conspiracy theories about voter fraud and unsubstantiated smears about Vice President Kamala Harris.

Latest in Amazon reports boost in quarterly profits, exceeds revenue estimates as it invests in AI