Author: Advanced AI Bot
(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…
Semiconductor design software provider Cadence Design Systems (NASDAQ:CDNS) met Wall Street’s revenue expectations in Q1 CY2025, with sales up 23.1% year on year to $1.24 billion. The company’s outlook for the full year was close to analysts’ estimates with revenue guided to $5.19 billion at the midpoint. Its non-GAAP profit of $1.57 per share was 4.9% above analysts’ consensus estimates. Is now the time to buy CDNS? Find out in our full research report (it’s free). Revenue: $1.24 billion vs analyst estimates of $1.24 billion (23.1% year-on-year growth, in line) Adjusted EPS: $1.57 vs analyst estimates of $1.50 (4.9% beat)…
Network application delivery and security specialist F5 (NASDAQ:FFIV) beat Wall Street’s revenue expectations in Q1 CY2025, with sales up 7.3% year on year to $731.1 million. The company expects next quarter’s revenue to be around $750 million, close to analysts’ estimates. Its non-GAAP profit of $3.42 per share was 10.2% above analysts’ consensus estimates. Is now the time to buy FFIV? Find out in our full research report (it’s free). Revenue: $731.1 million vs analyst estimates of $719.1 million (7.3% year-on-year growth, 1.7% beat) Adjusted EPS: $3.42 vs analyst estimates of $3.11 (10.2% beat) Adjusted Operating Income: $233.4 million vs…
We recently published a list of 10 AI Stocks on Wall Street’s Radar Right Now. In this article, we are going to take a look at where Alphabet Inc. (NASDAQ:GOOGL) stands against other AI stocks on Wall Street’s radar right now. According to a state media report, China’s President Xi Jinping has pledged “self-reliance and self-strengthening” to develop artificial intelligence in China. The country is eagerly competing with the United States for supremacy in the AI arms race. Xi has stressed that China should be leveraging its “new whole national system” to push forward with the development of AI. “We…
President Donald Trump has fired Shira Perlmutter, who leads the U.S. Copyright Office. The firing was reported by CBS News and Politico, and seemingly confirmed by a statement from Representative Joe Morelle, the top Democrat on the Committee for House Administration. “Donald Trump’s termination of Register of Copyrights, Shira Perlmutter, is a brazen, unprecedented power grab with no legal basis,” Morelle said. “It is surely no coincidence he acted less than a day after she refused to rubber-stamp Elon Musk’s efforts to mine troves of copyrighted works to train AI models.” Perlmutter took over the Copyright Office in 2020, during…
The tech industry seems to have two thoughts when it comes to where human workers fit into the AI-powered world they are creating: Either they think that all the jobs, except perhaps their own, will be done by bots. (VC Marc Andreessen seems to think that his work as an investor could never be automated). Or they think that bots will do the icky, boring work, acting as human companions in jobs while humans do brand-new jobs that the bot revolution creates. The latter is the one most supported by historical evidence. The World Economic Forum predicts that 92 million…
This story was originally published on CX Dive. To receive daily news and insights, subscribe to our free daily CX Dive newsletter. A year after claiming that its AI chatbot could do the work of 700 representatives, Klarna is turning back to people to handle more of its customer service work. The buy now, pay later firm now wants customers to always have the option to speak with a human, Klarna spokesperson Clare Nordstrom told CX Dive. “While Klarna pioneered the use of AI in customer service with groundbreaking results, this strategy will now evolve to the next level,” Nordstrom…
Apple executive Eddy Cue rocked Alphabet shares earlier this week when, testifying during the U.S. antitrust case against Alphabet, he said that the volume of Google searches on Apple’s Safari web browser had declined for the first time in more than two decades. Cue attributed that declining volume to people using new AI-driven tools to find information. The bombshell comments drove Alphabet’s stock price down as much as 9% in intraday trading, although they have subsequently clawed back some of those losses and are currently about 6% lower than before Cue’s testimony. Investors have been worried that AI chatbots will…