Author: Advanced AI Editor
(Bloomberg) — Star founders, Beijing officials and deep-pocketed financiers converge on Shanghai by the thousands this weekend to attend China’s most important AI summit. At the top of the agenda: how to propel Beijing’s ambitions to leapfrog the US in artificial intelligence — and profit off that drive. Most Read from Bloomberg The World Artificial Intelligence Conference, which has featured Elon Musk and Jack Ma in years past, was devised to showcase the cutting-edge of Chinese technology. This year’s attendance may hit a record as it’s taking place at a critical juncture in the US-Chinese tech rivalry. This week, US…
Inside our campus network room, routers and switches allow our data centers to talk to each other. The fiber optic networks connecting our sites can run at speeds that are more than 200,000 times faster than a typical home Internet connection. The fiber cables run along the yellow cable trays near the ceiling.Google AI investments are starting to deliver as adoption gains momentum, Morgan Stanley says. Financials, real estate, and consumer sectors show significant increases in AI adoption. AI adopters are leading the stock market rally with more positive earnings revisions as well. Investors have been eager to know if…
International Business Machines Corp_ logo on storage rack-by Nick N A via Shutterstock International Business Machines Corp. (IBM) produced strong free cash flow guidance in its July 23 Q2 earnings release. Management said it now expects over $13.5 billion in FCF this year. That’s 8.8% higher than 2024 and implies IBM stock could be worth 13% more at $294 per share. This article will show why. IBM closed at $260.51 on Thursday, July 24, down -7.6% for the day after its earnings release. IBM stock is well down from its recent peak of $294.78 on June 30. IBM stock -…
The S&P 500 has become a lopsided index, with the Magnificent Seven significantly increasing risk exposure for investors, according to Apollo chief economist Torsten Sløk. As the paths of the Magnificent Seven begin to diverge and the AI bubble swells, Sløk argues it’s time to begin questioning which AI companies to invest in. It’s time to question the soundness of continued zealous investment in the Magnificent Seven, one top economist warns. The S&P 500 has become “extremely concentrated,” with the top 10 stocks contributing 54% of market returns since January 2021, Apollo chief economist Torsten Sløk said in a Friday…
Meta CEO Mark Zuckerberg looks on before the luncheon on the inauguration day of President Donald Trump’s second term in Washington, DC, January 20, 2025. – Evelyn Hockstein/Reuters/File Meta CEO Mark Zuckerberg is on a mission for his company to be the first to reach so-called artificial superintelligence — generally considered to mean AI that’s better than all humans at all knowledge work. It’s a nebulous and likely far-out concept that some analysts say may not immediately benefit the company’s core business. Yet Zuckerberg is shelling out huge sums to build an all-star team of researchers and engineers to beat…
Online advertising giant Alphabet (NASDAQ:GOOGL) reported revenue ahead of Wall Street’s expectations in Q2 CY2025, with sales up 13.8% year on year to $96.43 billion. Is now the time to buy GOOGL? Find out in our full research report (it’s free). Revenue: $96.43 billion vs analyst estimates of $93.98 billion (2.6% beat) Operating Profit (GAAP): $31.27 billion vs analyst estimates of $31.09 billion (0.6% beat) EPS (GAAP): $2.31 vs analyst estimates of $2.18 (5.7% beat) Google Search Revenue: $0.02 vs analyst estimates of $52.92 billion (2.4% beat) Google Cloud Revenue: $0.04 vs analyst estimates of $13.12 billion (3.8% beat) YouTube…
Nevoya, an all-electric trucking company, has secured $9.3 million in seed financing led by Lowercarbon Capital, with participation from Floating Point, LMNT Ventures, and existing investors Third Sphere, Stepchange, and Never Lift. The San Francisco-based company recently announced the funding as it looks to position itself to redefine logistics through AI and workflow automation. The investment comes as the global electric truck market is projected to reach $125 billion by 2030. For Nevoya, it looks to demonstrate that zero-emissions trucking can outperform traditional diesel operations both environmentally and economically. “We don’t just move freight—we embed ourselves in our customers’ operations,…
An image of Sam Altman in front of a blue background_ Image by jamesonwu1972 via Shutterstock_ Sam Altman, CEO of OpenAI, is recognized globally as a leading voice in artificial intelligence (AI) and a key architect of its rapid advancement. His recent comments on President Donald Trump’s influence over AI policy reveal both a respect for the complexity of the decisions ahead and an appreciation for Trump’s adaptability in the face of technological change. Altman stated in the Bloomberg interview, “I think he will get to make some of the most important decisions anyone in the world has gotten to…
You’ve read about it all over, including in Fortune Intelligence. Maybe you or friends have been impacted: artificial intelligence is already transforming work, not least hiring and firing. Nowhere is the impact more visible than in the labor market. The technology industry, the original epicenter of AI adoption, is now seeing many of its own workers displaced by the very innovations they helped create. Employers, racing to integrate AI into everything from cloud infrastructure to customer support, are trimming human headcount in software engineering, IT support, and administrative functions. The rise of AI-powered automation is accelerating layoffs in the tech…
We recently published 14 Stocks Jim Cramer Discussed As He Went “All In” On Quantum Computing. International Business Machines Corporation (NYSE:IBM) is one of the stocks Jim Cramer recently discussed. International Business Machines Corporation (NYSE:IBM) is one of Cramer’s favorite technology stocks. Throughout this year, the CNBC TV host has expressed optimism about the firm’s CEO and the firm’s consistency in winning contracts for its enterprise computing business. International Business Machines Corporation (NYSE:IBM)’s shares fell by 7.6% after the firm’s latest earnings report saw software revenue of $7.39 billion miss analyst estimates of $7.43 billion. Cramer discussed the earnings report:…