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

Amazon reported a boost in its quarterly profits Thursday and exceeded revenue estimates

Tech - ABC News - 5 days ago

Amazon Shares Rise on Robust Demand, Surge in AI Infrastructure Spending

The tech company’s capital expenditures reached a quarterly record amid a big build-out of artificial-intelligence infrastructure.

Business - The Wall Street Journal - 5 days ago

AI demand drives growth and higher spending at Amazon’s cloud business

Ecommerce company’s shares rise as it also gives an upbeat forecast for the holiday quarter

Business - Financial Times - 5 days ago

Big Tech Sees AI Bets Starting to Pay Off

Microsoft, Google and Amazon all reported strong quarterly growth in cloud revenue but warned of increased capital spending.

Business - The Wall Street Journal - 4 days ago

Wall Street frets over Big Tech’s $200bn AI spending splurge

The four biggest US internet groups this week showed glimpses of benefits but warned of increased spending

Business - Financial Times - 4 days ago

Apple to buy Pixelmator, the iPhone image editing app with AI features

Pixelmator said there "will be no material changes to the Pixelmator Pro, Pixelmator for iOS, and Photomator apps at this time."

Business - CNBC - 4 days ago

Sam Altman Says the Path to Better AI Is Blocked by Missing Computer Power

Having access to piles of cash and some of the world’s most powerful AI processing chips isn’t enough for OpenAI to release new products at its chosen pace, its CEO claims.

Business - Inc. - 4 days ago

A Year on, Intel’s Touted AI-chip Deals Have Fallen Short

Despite increased sales projections overall, the chipmaker did not sell as many of its Gaudi AI chips as its CEO hoped.

Business - Inc. - 4 days ago

Meta’s Llama Used to Develop AI Model for China’s Military

Researchers connected to the People’s Liberation Army created a chatbot model based on Meta’s Large-Language Model AI.

Business - Inc. - 4 days ago

New Disney Business Unit to Explore AI, Augmented Reality

The Office of Technology Enablement will look at ways to implement emerging technology across Disney’s business segments.

Business - Inc. - 4 days ago

Eye on America: AI medical breakthroughs, and a Disney Imagineer receives a major honor

In Massachusetts, we learn how artificial intelligence is making medicine more accurate and improving patients' lives. And in California, we meet an acclaimed Disney Imagineer and lifelong inventor ...

Nvidia replaces Intel on the Dow index in AI-driven shift for semiconductor industry

Nvidia is replacing Intel on the Dow Jones Industrial Average, ending a 25-year-run for a pioneering semiconductor company that has fallen behind as Nvidia cornered the market for chips that run ...

Tech - ABC News - 3 days ago

Latest in Gave Ai Access

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

Amazon Shares Rise on Robust Demand, Surge in AI Infrastructure Spending

AI demand drives growth and higher spending at Amazon’s cloud business

Big Tech Sees AI Bets Starting to Pay Off

Wall Street frets over Big Tech’s $200bn AI spending splurge

Apple to buy Pixelmator, the iPhone image editing app with AI features

Sam Altman Says the Path to Better AI Is Blocked by Missing Computer Power

A Year on, Intel’s Touted AI-chip Deals Have Fallen Short

Meta’s Llama Used to Develop AI Model for China’s Military

New Disney Business Unit to Explore AI, Augmented Reality

Eye on America: AI medical breakthroughs, and a Disney Imagineer receives a major honor

Nvidia replaces Intel on the Dow index in AI-driven shift for semiconductor industry

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