Author: Advanced AI Bot
(Bloomberg) — The Trump administration plans to rescind Biden-era AI chip curbs as part of a broader effort to revise semiconductor trade restrictions that have drawn strong opposition from major tech companies and foreign governments, according to people familiar with the matter. Most Read from Bloomberg The repeal, which is not yet final, seeks to refashion a policy launched under President Joe Biden that created three broad tiers of countries for regulating the export of chips from Nvidia Corp. and others. The Trump administration will not enforce the so-called AI diffusion rule when it takes effect on May 15, the…
Particle, the startup behind an AI-powered newsreader that aims to help publishers, not just steal their work, is bringing its product to the web. On Tuesday, the company announced the launch of the new Particle.news website that connects news consumers with headlines and AI summaries from a variety of sources, plus the ability to delve into various categories like Technology, Sports, Entertainment, Politics, Science, Crime, Economics, and Video Games, in addition to browsing the day’s most popular stories on the home page. The company thinks that bringing its product to the web will help to reach more readers, giving them…
Data-mining and analytics company Palantir (NYSE:PLTR) beat Wall Street’s revenue expectations in Q1 CY2025, with sales up 39.3% year on year to $883.9 million. The company expects next quarter’s revenue to be around $936 million, close to analysts’ estimates. Its non-GAAP profit of $0.13 per share was in line with analysts’ consensus estimates. Is now the time to buy PLTR? Find out in our full research report (it’s free). Revenue: $883.9 million vs analyst estimates of $862.3 million (39.3% year-on-year growth, 2.5% beat) Adjusted EPS: $0.13 vs analyst estimates of $0.13 (in line) Adjusted Operating Income: $390.7 million vs analyst…
Bloomberg / Getty Images Advanced Micro Devices (AMD) delivered first-quarter earnings that topped analysts’ estimates as sales from its data center segment surged. The chipmaker reported revenue of $7.44 billion, up 36% year-over-year and ahead of the analyst consensus from Visible Alpha. Adjusted net income of $1.57 billion, or 96 cents per share, rose from $1.01 billion, or 62 cents per share, a year earlier, above Wall Street’s estimates. The gains came as AMD’s data center sales climbed 57% to $3.67 billion, exceeding expectations. “We delivered an outstanding start to 2025 as year-over-year growth accelerated for the fourth consecutive quarter…
(Bloomberg) — Two chipmakers reporting earnings in the coming days will give investors insight into how demand for artificial intelligence infrastructure is holding up a few weeks ahead of Nvidia Corp.’s results. Most Read from Bloomberg Advanced Micro Devices Inc. is set to report results Tuesday after market close while Arm Holdings Plc will give its earnings figures postmarket on Wednesday. Though chipmaking stocks have taken hit this year — the Philadelphia Semiconductor Index is down 14% — underlying results may show a stronger foundation for the AI trade than recent stock performance indicates. AMD shares slipped as much as…
This story was originally published on CX Dive. To receive daily news and insights, subscribe to our free daily CX Dive newsletter. Airbnb began rolling out an AI customer service agent in April to handle more customer queries without human intervention, CEO Brian Chesky said on a Q1 2025 earnings call last week. The company plans on rolling it out to all users in the United States by the end of the month; half of U.S. users are currently using it. “We believe this is the best AI-supported customer travel agent in travel,” Chesky said. “It’s already led to a…
Cloud computing and online retail behemoth Amazon (NASDAQ:AMZN) met Wall Street’s revenue expectations in Q1 CY2025, with sales up 8.6% year on year to $155.7 billion. The company expects next quarter’s revenue to be around $161.5 billion, close to analysts’ estimates. Its non-GAAP profit of $1.59 per share was 16.2% above analysts’ consensus estimates. Is now the time to buy AMZN? Find out in our full research report (it’s free). Revenue: $155.7 billion vs analyst estimates of $155 billion (in line) Operating Profit (GAAP): $18.41 billion vs analyst estimates of $17.52 billion (5% beat) EPS (GAAP): $1.59 vs analyst estimates…
Apple is collaborating with Anthropic to create a new AI-powered “vibe-coding” platform, reported Bloomberg, citing sources. The new platform will be designed to assist programmers in writing, editing, and testing code. It is an updated version of Apple’s Xcode software, integrating Anthropic’s Claude Sonnet model, the sources told the publication. The initiative is currently being rolled out internally, with no decision yet on a public launch. The collaboration shows Apple’s use of AI to streamline its internal workflows and modernise product development. Its approach mirrors those of companies such as Windsurf and Anysphere, which provide advanced AI coding assistants. Apple’s…
Pinterest is upgrading its visual search feature with a handful of new capabilities. On Monday, the company announced it’s rolling out new functionality to improve its feature that allows users to search using an image instead of text. This includes new tools to more precisely narrow and refine searches, as well as those that make visual search more accessible across Pinterest’s website. The company believes the new additions will help Pinterest stand out as a search engine for things users may otherwise have trouble describing with words — like a vibe, style, or aesthetic. One new enhancement will help users…
Good morning. Leveraging data and AI in the industrial sector is set to be a game-changer. That was a key topic at Honeywell’s Future of Energy Summit in Washington, D.C., that I attended last week. Suresh Venkatarayalu, SVP and chief technology officer at Honeywell explained that the labor shortages in the industrial sector will be massive as skilled workers retire in the coming years. At the same time, there will soon be a high demand for manufacturing jobs to be filled in the United States, he said. Venkatarayalu pointed to the findings from Honeywell’s latest survey of 300 U.S. decision-makers…