Author: Advanced AI Bot

On Wednesday, B Of A securities analyst Wamsi Mohan maintained a Buy rating on International Business Machines (NYSE:IBM) with a price forecast of $270. The rating reflects the analyst’s view that the company is a defensive investment and anticipates improving revenue growth that should, in turn, generate higher cash flow available for reinvestment in further mergers and acquisitions. In an analyst note that focused on IBM’s transaction processing (TP) software, a critical component of its mainframe operations, Mohan noted TP software has not only stabilized but is now demonstrating significant growth staying extremely relevant in the age of public cloud.…

(Bloomberg) — Salesforce Inc. (CRM) said the use of artificial intelligence tools internally has allowed it to hire fewer workers, another example of a company changing its hiring plans due to the emerging technology. Most Read from Bloomberg “We have reduced some of our hiring needs,” Chief Financial and Operations Officer Robin Washington said Wednesday on a call with analysts, citing the implementation of AI tools. For example, she said that 500 customer service workers would be redeployed to different roles within the company this year, saving $50 million. Tech companies are relying on AI to help with everything from…

Artificial intelligence (AI) software company C3.ai (NYSE:AI) announced better-than-expected revenue in Q1 CY2025, with sales up 25.6% year on year to $108.7 million. The company expects next quarter’s revenue to be around $104.5 million, close to analysts’ estimates. Its non-GAAP loss of $0.60 per share was significantly below analysts’ consensus estimates. Is now the time to buy C3.ai? Find out in our full research report. Revenue: $108.7 million vs analyst estimates of $107.9 million (25.6% year-on-year growth, 0.8% beat) Adjusted EPS: -$0.60 vs analyst estimates of -$0.20 (significant miss) Adjusted Operating Income: -$31.17 million vs analyst estimates of -$35.18 million…

Nvidia weathered a storm of tariff uncertainty and export controls to exceed Wall Street’s lofty expectations for sales when the AI chip behemoth reported quarterly earnings Wednesday. The hit to profits and margins came in worse than expected, however. Revenue increased 69% from the same period last year to $44.1 billion, surpassing the Street’s projection of $43.3 billion, per Visible Alpha. Profits came in at $18.8 billion, though, falling from $22 billion last quarter and missing the $19.5 billion mark analysts expected. That meant Nvidia posted diluted earnings per share of $0.76, down from $0.89 last quarter and below the…

While the U.S. and China wage an AI arms race, the United Arab Emirates is taking a neutral position between the two global superpowers—a key position where it stands to reap the profits. Speaking at Fortune’s ASEAN-GCC Economic Forum in Malaysia on Wednesday, UAE Minister of Investment Mohamed Hassan Alsuwaidi said that his country is seeking to double the foreign investment coming into the UAE while making its own large infrastructure bets on overlooked regions, including Africa and Southeast Asia. Even as the UAE’s global footprint swells, driven by the billions of dollars flowing into and out of the region,…

On Memorial Day, the Oklahoma City Thunder’s Shai Gilgeous-Alexander scored an astonishing 40 points in Game 4 of the NBA Western Conference Finals, as millions watched on TV and clicked through clips on social media. The NBA is currently barreling towards its season finale, and quite a finale it will be: Of the four teams in the conference finals, only one has won the Larry O’Brien Championship Trophy before—the New York Knicks, in 1970 and 1973. (As a forlorn Miami Heat fan, I find my allegiances currently split between the Knicks and the ascendant Oklahoma City Thunder.) But this moment…

Deutsche Bank has announced an extension of its alliance with IBM, focusing on the integration of IBM’s software solutions into its operations. The agreement allows the German bank to utilise IBM’s extensive range of software offerings, which includes business and IT automation tools, hybrid cloud solutions, and the watsonx AI portfolio. Furthermore, Deutsche Bank will gain access to the latest enhancements in the IBM Storage Protect software suite. Deutsche Bank Group Technology Infrastructure head and AmericasTechnology Data and Innovation head Tony Kerrison said: “IBM is a natural partner for Deutsche Bank’s ambitious technology transformation, and their innovative solutions continue to…

Salesforce already possesses an extraordinary amount of data on the world’s biggest companies. The software giant’s acquisition of data management and analytics firm Informatica, however, signals its AI-agent platform, dubbed Agentforce, might need a boost. Salesforce’s dramatic pivot to AI agents seems to have stalled in its early days. The software giant is betting its $8 billion purchase of data-management firm Informatica, however, can help turbocharge the Silicon Valley stalwart’s transformation. Generally, investors have richly rewarded companies for pioneering agentic AI, or artificial intelligence that could autonomously perform tasks on a human’s behalf without constant intervention, a technology that could…

Salesforce is a cloud computing software company led by chairman and chief executive Marc Benioff. (Darron Cummings / Associated Press) Software company Salesforce said Tuesday it’s buying Informatica, which provides businesses with artificial-intelligence-powered data management tools, for $8 billion. The acquisition, one of Salesforce’s largest purchases, underscores how Bay Area companies are investing heavily in AI as they race to advance technology. San Francisco-based Salesforce helps businesses manage sales and customer data. The company said in a news release that the acquisition of Informatica, headquartered in Redwood City, will boost its efforts to deploy AI agents that can perform tasks…

TIMOTHY A. CLARY / AFP via Getty Images Stocks rose Tuesday after President Trump delayed EU tariffs threatened last week. Investors’ renewed risk appetite on Tuesday boosted Nvidia shares—and those of several companies linked with the tech giant—a day before the company is slated to report earnings. Nvidia (NVDA) stock rose 3.2% amid a broad rally following President Donald Trump’s weekend decision to postpone until early July a 50% tariff on European imports he first threatened on Friday. Consumer discretionary and tech stocks led Tuesday’s rally, with small-cap and AI stocks performing particularly well. (Read Investopedia’s full coverage of today’s…