Earnings reports from Meta, Alphabet and Microsoft reaffirm that that giants are ramping up their spending on artificial intelligence, as they rush to reap the benefits of an AI boom.
Meta says porn downloads on its IPs were for “personal use,” not AI training
Meta says lawsuit claiming it pirated porn to train AI makes no sense.
Microsoft takes $3.1 billion hit from OpenAI investment
Microsoft and OpenAI are key partners in cloud and artificial intelligence, but they’re increasingly becoming competitors as well.
AI boom powers new-school Nvidia and old-school Caterpillar to new heights
Nvidia passed $5 trillion in value Wednesday, while Caterpillar’s stock soared.
Trading Day: Nvidia booms, Fed cools on easing
Wall Street was mixed on Wednesday after the Federal Reserve lowered interest rates but signaled a cut in December was in the balance, while Nvidia became the world’s first $5 trillion company. Investors now turn their attention to Thursday’s meeting between U.S. President Donald Trump and Chinese President Xi Jinping.
Artificial Intelligencer: Inside the $500 billion deal that freed OpenAI’s ambition
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Alphabet tops $100B in quarterly revenue amid cloud, YouTube growth
Alphabet’s business, which is comprised mostly of Google advertising revenues, continues to flourish despite regulatory pressure.
MIT Technology Review and the Financial Times form strategic editorial partnership to explore the global impact of artificial intelligence
MIT Technology Review and the Financial Times have formed a strategic editorial partnership to explore how artificial intelligence is reshaping global power. The partnership will deliver The State of AI, a six-part newsletter series launching on November 3.
Microsoft beats estimates as Azure growth hits 40%
Microsoft beat expectations with $77.7 billion in revenue and a 40% Azure surge, but shares slipped after hours as investors seemed fixated on margins
Meta projects increasing expenses and takes a one-time tax charge
Meta Platforms will continue to invest at historic levels in artificial intelligence.