December 7, 2023
“Banks using generative artificial intelligence tools could boost their earnings by as much as $340 billion annually through increased productivity, according to consultants hoping to help the industry adapt in this fast-moving area… Tools like this could eventually take over… Continue Reading…
December 4, 2023
“…Nvidia Corp. executives and directors last month sold or filed paperwork showing they intend to sell roughly 370,000 shares worth about $180 million, according to data compiled by the Washington Service. If all of the shares were sold, it would… Continue Reading…
November 22, 2023
“…Symbotic, which creates robotic tech platforms powered by artificial intelligence (AI) to provide end-to-end supply chain solutions, reported fiscal fourth quarter revenue of $392 million, up from $244 million a year ago, and a net loss of $45 million compared to a loss of… Continue Reading…
November 3, 2023
“…Shares of Palantir closed up 20% Thursday after the company released third-quarter earnings that beat analysts’ expectations and raised full-year revenue guidance. Here’s how the company did: Palantir’s revenue for the third quarter increased 17% to $558 million, from $478 million a year earlier.… Continue Reading…
September 25, 2023
“…As part of the deal, Anthropic will move most of its software to Amazon Web Services data centers, and use the cloud computing company’s homegrown chips to train the models it uses to power chatbots and other applications. Besides getting… Continue Reading…
August 15, 2023
“IBM CEO Arvind Krishna announced a hiring pause in May, but that’s not all. Later that month, the CEO also stated the company plans to replace nearly 8,000 jobs with AI. Krishna noted that back-office functions, specifically in the human resources (HR)… Continue Reading…
August 7, 2023
“The data analysis firm’s stock has rallied 135% in the three months since its last report, with chief executive officer Alex Karp talking up the power of the firm’s AI products and the demand for them. That’s inflicted big losses… Continue Reading…
February 23, 2023
“Nvidia shares opened up over 12% Thursday morning, a day after the chipmaker reported a beat on the top and bottom line. Analysts are also bullish on the company’s A.I. vision. Nvidia reported $6.05 billion in revenue for the fiscal… Continue Reading…
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