Author: Advanced AI Bot

Bloomberg / Contributor / Getty Images Jefferies analysts said Adobe’s results showed “ongoing AI progress,” but “maybe not enough to appease bears.” Adobe shares slumped Friday, as the design software developer failed to impress with its quarterly results, despite topping Wall Street estimates. Several Wall Street analysts indicated Adobe’s results didn’t suggest enough progress with its own AI offerings to ease worries it could be held back by growing competition and AI disruption. Deutsche Bank said it expects the stock “to remain range-bound until the company demonstrates more tangible success from AI.” Adobe (ADBE) shares slumped Friday, as the design…

International Business Machines Corporation (NYSE:IBM) is one of the best Dow stocks to invest in. On June 10, the company revealed that it’s working on a large-scale, fault-tolerant quantum computer named Quantum Starling as part of its broader quantum roadmap. A key component of this effort is the upcoming IBM Quantum Nighthawk processor, which is expected to launch later this year, according to a company blog post. IBM Reveals Quantum Chip, Eyes 2029 Starling Supercomputer Launch Like several other tech giants and well-funded startups, International Business Machines Corporation (NYSE:IBM) is racing to advance quantum computing. The core challenge they all face…

Creative software maker Adobe (NASDAQ:ADBE) beat Wall Street’s revenue expectations in Q2 CY2025, with sales up 10.6% year on year to $5.87 billion. Guidance for next quarter’s revenue was better than expected at $5.9 billion at the midpoint, 0.7% above analysts’ estimates. Its non-GAAP profit of $5.06 per share was 1.7% above analysts’ consensus estimates. Is now the time to buy ADBE? Find out in our full research report (it’s free). Revenue: $5.87 billion vs analyst estimates of $5.79 billion (10.6% year-on-year growth, 1.5% beat) Adjusted EPS: $5.06 vs analyst estimates of $4.97 (1.7% beat) The company slightly lifted its…

Meta (META) is making a $14.3 billion investment in artificial intelligence company Scale (SCAI.PVT) and recruiting its CEO Alexandr Wang to join a team developing “superintelligence” at the tech giant. The deal announced Thursday reflects a push by Meta CEO Mark Zuckerberg to revive AI efforts at the parent company of Facebook and Instagram as it faces tough competition from rivals such as Google (GOOG, GOOGL) and OpenAI (OPAI.PVT). Meta announced what it called a “strategic partnership and investment” with Scale late Thursday. Scale said the $14.3 billion investment puts its market value at over $29 billion. Scale said it…

Cheng Xin / Getty Images Meta shares are up nearly 20% since the start of the year entering Thursday Meta on Thursday said it is taking legal action to a company using AI technology to create nonconsensual sexual images of people. Joy Timeline Limited, based in Hong Kong, has allegedly circumvented Meta’s ad review process to advertise its “nudify” app CrushAI. A previous report from investigative tech outlet 404 Media estimated that 90% of CrushAI’s traffic came from ads on Meta’s services like Instagram. Meta Platforms (META) on Thursday announced a lawsuit against a Hong Kong-based company that has managed…

Mike Kemp / In Pictures via Getty Images Disney and Universal allege AI image creator Midjourney infringed upon their copyrights, including for “Star Wars” Entertainment giants and rivals Disney (DIS) and Universal have teamed up to sue AI image creator Midjourney for alleged copyright infringements, including those of “Star Wars” and “The Simpsons.” “For more than 100 years, Disney and Universal have delighted audiences around the world by investing in and fostering American creative innovation and producing some of the greatest motion pictures and fictional characters of all time,” read the complaint. “Midjourney, however, seeks to reap the rewards of…

WASHINGTON, DC – JULY 18: CEO of Scale A.I. Alexandr Wang testifies during a House Armed Services Subcommittee on Cyber, Information Technologies and Innovation hearing about artificial intelligence on Capitol Hill July 18, 2023 in Washington, DC. The hearing focused on barriers that prevent the Department of Defense from adopting and deploying A.I. effectively and the risks from adversarial A.I. (Photo by Drew Angerer/Getty Images) | Image Credits:Drew Angerer / Getty Images Meta is reportedly investing nearly $15 billion in the data-labeling firm Scale AI and taking a 49% stake in the startup, while also bringing on CEO Alexandr Wang…

MOUNTAIN VIEW, Calif. (AP) — Google has offered buyouts to another swath of its workforce across several key divisions in a fresh round of cost cutting coming ahead of a court decision that could order a breakup of its internet empire. The Mountain View, California, company confirmed the streamlining that was reported by several news outlets. It’s not clear how many employees are affected, but the offers were made to staff in Google’s search, advertising, research and engineering units, according to The Wall Street Journal. Google employs most of the nearly 186,000 workers on the worldwide payroll of its parent…

(Bloomberg) — Samsung Electronics Co. and Nvidia Corp. will take minority stakes in Skild AI Inc. as they seek to bolster their work in the emerging consumer robotics industry. Most Read from Bloomberg The South Korean tech leader is making a $10 million investment in Skild, which develops software for robots, according to people with knowledge of the matter. The Santa Clara, California chipmaker is putting in $25 million, said the people, who asked not to be identified discussing unannounced plans. The financing is part of the company’s Series B funding round, which will value the company at around $4.5…

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Alphabet, Inc.‘s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google on Tuesday offered buyouts to U.S.-based employees in multiple departments, including the search ads unit. The Details: The company extended the voluntary exit program to workers in several divisions, according to CNBC. Impacted teams include knowledge and information (K&I), central engineering, marketing, research and communications. K&I, which oversees Google’s search, ads and commerce operations, has roughly 20,000 staff. Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing…