Author: Advanced AI Bot
NEW YORK (AP) — Responding to complaints from the tech industry and other countries, the U.S. Department of Commerce has rescinded a Biden-era rule due to take effect Thursday that placed limits on the number of artificial intelligence chips that could be exported to certain international markets without federal approval. “These new requirements would have stifled American innovation and saddled companies with burdensome new regulatory requirements,” the Commerce Department stated in its guidance. President Joe Biden established the export framework shortly before he left office in an attempt to balance national security concerns about the technology with the economic interests…
We recently published a list of 10 AI Stocks Making Moves This Week. In this article, we are going to take a look at where International Business Machines Corporation (NYSE:IBM) stands against other AI stocks making moves this week. Is China finally gaining supremacy in the AI arms race? Not quite, but executives from some of the top artificial intelligence companies believe that the country needs to tweak its infrastructure and boost exports to stay ahead in the game. In a US Senate hearing held last Thursday, American AI giants’ leaders stressed that even though the US is ahead in…
TikTok is launching its first image-to-video AI feature, the company announced on Tuesday. The new feature is called “TikTok AI Alive” and allows users to turn static photos into videos within TikTok Stories. The feature is only accessible via TikTok’s Story Camera and uses AI to create short-form videos with “movement, atmospheric and creative effects,” TikTok says. For instance, if your static photo features a sky, clouds, and the ocean, TikTok could turn the photo into a video where the sky gradually shifts hues, the clouds start to drift, and you hear the sound of waves crashing. Or, you could…
Kevin Dietsch / Getty Images Nvidia CEO Jensen Huang (pictured at an event last month) on Tuesday announced a partnership with Saudi AI company Humain. Nvidia (NVDA) leaped back into the $3 trillion club on Tuesday as its stock shot up following the announcement of a major deal with a state-backed Saudi Arabian AI company. Nvidia shares rose nearly 6% to close just under $130. The gains put Nvidia’s market capitalization at nearly $3.2 trillion, more than every other U.S. company aside from Microsoft (MSFT) and Apple (AAPL). Nvidia on Tuesday announced a partnership with Humain, an AI subsidiary of…
Spencer Platt / Getty Images The S&P 500 rose for a second day on Tuesday, driven higher by soaring AI stocks. Stocks rallied for a second straight day, lifting the S&P 500 back into positive territory for the year. The S&P 500 rose 0.7% on Tuesday, putting the benchmark index about 5 points—or 0.08%—above its close on the last day of 2024. The S&P 500 had been in negative territory for the year since early March. Stocks got a boost on Tuesday when Nvidia (NVDA) announced a partnership with Humain, an AI company owned by the Saudi Arabian sovereign wealth…
We recently published a list of 10 AI Stocks Surging on News and Ratings. In this article, we are going to take a look at where Amazon.com, Inc. (NASDAQ:AMZN) stands against other AI stocks surging on news and ratings. According to Daniel Ives, global head of technology research at Wedbush Securities, the US- China agreement is once again creating a bull market environment for tech. “If you are a tech investor, this is a dream scenario,” Ives noted on CNBC’s “Worldwide Exchange.” On Monday, the U.S. and China announced that they would temporarily reduce tariffs on each other for 90…
In today’s CEO Daily: Diane Brady on the potential for AI to destroy entry-level jobs. The big story: Who is paying to eat with Trump at his crypto dinner? The markets: Up, up, and up! Analyst notes from Macquarie, HSBC, and Wedbush on the U.S.-China trade deal, and Pantheon on “tariff frontloading.” Plus: All the news and watercooler chat from Fortune. Good morning. AI is disrupting entry-level jobs. While most CEOs are focused on upskilling their workforce, several have told me they’re reluctant to hire junior staff whose work can be done by AI agents. Companies are posting fewer internships—down 15% from…
(Bloomberg) — The Trump administration is preparing to announce a deal granting Saudi Arabia more access to advanced semiconductors, paving the way for increased data center capacity in the Gulf nation despite concerns from some US officials about its ties to China, according to people familiar with the matter. Most Read from Bloomberg The agreement would boost Saudi Arabia’s ability to buy chips from the likes of Nvidia Corp. and Advanced Micro Devices Inc., which are considered the gold standard for training and running artificial intelligence models, said the people, who asked not to be identified discussing confidential conversations. President…
Good morning. Ben Weiss here, filling in for Sheryl. “I am a bit of a boomerang,” Peggy Alford told Fortune. In the early aughts, Alford worked at eBay, where she focused on mergers-and-acquisitions due diligence. She left in 2005 but, as of Monday, she’s back at the online auction house—as the newly minted CFO. She returns to eBay as the company continues to return to its roots. The marketplace started in 1995 as a home for quirky collector’s items, like rare Pokémon cards, niche Beatles posters, and vintage leather jackets. But, as it rode the dot-com boom to new financial heights,…
Financial software provider SS&C Technologies (NASDAQ:SSNC) reported Q1 CY2025 results beating Wall Street’s revenue expectations , with sales up 5.4% year on year to $1.51 billion. The company expects next quarter’s revenue to be around $1.51 billion, close to analysts’ estimates. Its non-GAAP profit of $1.44 per share was 2.2% above analysts’ consensus estimates. Is now the time to buy SSNC? Find out in our full research report (it’s free). Revenue: $1.51 billion vs analyst estimates of $1.5 billion (5.4% year-on-year growth, 0.8% beat) Adjusted EPS: $1.44 vs analyst estimates of $1.41 (2.2% beat) Adjusted EBITDA: $592.9 million vs analyst…