Latest in Microsoft Cloud revenue rises on AI boom but softer outlook weighs on shares
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Microsoft says Russia trying to smear Harris with deepfake video, AI
Russia is attempting to “undermine” Vice President Harris’s campaign using artificial intelligence (AI) generated videos while China has begun targeting a series of GOP congressional candidates ...Politics - The Hill - October 23 -
Google’s AI-Fueled Results Bode Well for Rivals Amazon and Microsoft
Sales gains in its cloud business point to growing, sustained demand for AI-juiced computing power.Business - Inc. - 12 hours ago -
UK Budget as it happened: Rachel Reeves raises tax, spending and borrowing
Taxes rise as chancellor delivers the first Labour budget since 2010Business - Financial Times - 23 hours ago -
Merck KGaA Shares Jump on Expectations of AI Boost
The German company said booming artificial-intelligence demand would help its electronics sales grow faster than previously expected over the medium term.Business - The Wall Street Journal - October 17 -
Generative AI startups get 40% of all VC investment in cloud amid ChatGPT buzz
Venture capital firm Accel says that funding for cloud startups is set to rise 27% in 2024 thanks to a boost from AI — the first year of growth in three years.Business - CNBC - October 16 -
Peter Thiel’s Founders Fund leads $500mn fundraising for AI cloud group Crusoe
Deal values infrastructure start-up at $3bn as it benefits from spending surge on generative AIBusiness - Financial Times - Yesterday -
Philip Morris is a growth stock again as shares hit all-time high on Zyn demand boom
The company's stock was tracking for a record close and clinched a fresh intraday record.Business - CNBC - October 22 -
Tech boom forces US funds to dump shares to avoid breach of tax rules
Asset managers including Fidelity and T Rowe Price are bumping up against limits on size of large holdingsWorld - Financial Times - 6 days ago -
ASML share plunge wipes over $50 billion off Dutch chip giant's value
ASML published its third-quarter earnings Tuesday, a day earlier than expected.Business - CNBC - October 16 -
Starbucks shares slide after coffee chain says sales fell again, suspends outlook
The company's same-store sales slid for the third consecutive quarter, fueled by a 10% tumble in traffic to its North American stores.Business - CNBC - October 23 -
Barbie boom fades at Mattel, but Hot Wheels — and adult collectors — are on an upswing
Mattel Inc. reported mixed third-quarter results, as a drop in demand for Barbie toys weighed on sales overall — but management said it expects a solid holiday season ahead and a toy-centric film ...Business - MarketWatch - October 24 -
How the tiny Caribbean island of Anguilla has turned the AI boom into a digital gold mine
The artificial intelligence boom is providing an unusual windfall for Anguilla, a tiny island in the CaribbeanTech - ABC News - October 15 -
Nvidia’s stock sets one record but falls short of another
While TSMC issued upbeat commentary on the state of the AI market, Wall Street perhaps already had that confidence.Business - MarketWatch - October 17 -
Nvidia supplier SK Hynix posts record quarterly profit as AI boom drives demand
Revenue for the third quarter grew about 94% year-on-year.Business - CNBC - 6 days ago -
AI boom thrusts Europe between power-hungry data centers and environmental goals
The growth in demand for AI could come at a cost to Europe's decarbonization goals as the specialized chips used by firms like Nvidia are expected to result in a rise in energy use of already ...Business - CNBC - Yesterday -
Morgan Stanley shares pop 7% after beating estimates for third-quarter profit and revenue
Morgan Stanley has several tail winds in its favor, from high stock values to a rebound in investment banking and strong trading activity.Business - CNBC - October 16 -
Reeves expected to focus rise in capital gains tax on share sales
Chancellor likely to increase CGT in October 30 Budget as part of efforts to close £40bn funding gapBusiness - Financial Times - October 16 -
Snap shares jump after results come in better than expected
Shares of Snap Inc. rose after hours on Tuesday after the social-media platform reported third-quarter results that beat expectations and said its board authorized a stock buyback of up to $500 ...Business - MarketWatch - Yesterday -
Nvidia, Google, Microsoft and more head to Las Vegas to tout health-care AI tools
Tech companies are in Las Vegas this week to talk health-care AI at the HLTH conference.Business - CNBC - October 21 -
Microsoft to roll out new autonomous AI agents next month, fending off challenge from Salesforce
Microsoft will allow organizations to create their own autonomous AI agents within Copilot starting next month.Business - CNBC - October 21 -
Microsoft to roll out new autonomous AI agents next month, fending off challenge from Salesforce
LONDON — Microsoft will allow businesses to start making their own autonomous artificial intelligence agents starting next month, taking the fight back to Salesforce, which introduced its own ...Top stories - NBC News - October 21 -
Microsoft’s new AI agents set to shake up enterprise software, sparking new battle with Salesforce
Microsoft launches autonomous AI agents for Dynamics 365, challenging Salesforce's Agentforce in the race to dominate enterprise AI and reshape the future of work.Tech - VentureBeat - October 21