Author: Advanced AI Editor

(Bloomberg) — Artificial intelligence company Reka AI raised a $110 million funding round from investors including Nvidia Corp. and Snowflake Inc. — a deal that more than triples the startup’s valuation to over $1 billion. Most Read from Bloomberg Reka AI makes large language models, the technology underpinning much of the generative AI craze, and says it can do it more efficiently than competitors. The startup was founded in 2022 by researchers from Alphabet Inc.’s Google and Meta Platforms Inc. It was previously valued at about $300 million in a 2023 investment round, according to PitchBook data. The investment comes…

Image Credits:Jaap Arriens/NurPhoto / Getty Images Google Photos is getting major AI chops. On Wednesday, Google announced a handful of new features that will allow users to get more creative with their photo memories, including an option to turn photos into videos, and “remix” photos into different styles, like anime, comics, sketches, or 3D animations. The app will also centralize access to its creative tools — including both AI-powered and traditional tools — in a new “Create” tab in the Photos app. The two newly launched features will be housed in this tab, alongside other tools that let you create…

This story was originally published on CX Dive. To receive daily news and insights, subscribe to our free daily CX Dive newsletter. AI is transforming how consumers expect brands to interact on social media, an Emplifi report released Wednesday found. Emplifi, a social media and customer engagement platform, surveyed nearly 900 frequent social media users. Over half of surveyed consumers still prefer human support, and one-quarter say they prefer AI-powered support. However, when asked about their experiences with AI-powered support, 71% of consumers surveyed said they were somewhat or very satisfied with their experiences. More and more consumers are interacting…

(Bloomberg) — Alphabet Inc. said demand for artificial intelligence products boosted quarterly sales, and now requires an extreme increase in capital spending — heightening pressure on the company to justify the cost of keeping up in the AI race. Most Read from Bloomberg Google’s parent company said 2025 capital expenditures will be $85 billion, or $10 billion greater than an earlier forecast. Although Alphabet beat expectations for second-quarter revenue and profit, its stock initially sank in after-hours trading, then rebounded after Chief Executive Officer Sundar Pichai explained that the investments are necessary in order to keep up with customer needs.…

(Bloomberg) — SK Hynix Inc. outlined plans to speed up spending on advanced memory production equipment after reporting record earnings, reflecting surging AI demand. Most Read from Bloomberg The South Korean company notched a bigger-than-expected 68% jump in operating income in the June quarter. It now aims to accelerate planned investments after gauging potential demand from initial negotiations with customers seeking high-bandwidth memory (HBM) in 2026, according to executives. Demand for advanced memory is expected to continue to grow with customers launching new products in the second half of the year. The emergence of ChatGPT is prompting nations around the…

We recently published 12 Stocks Jim Cramer Discussed As Analyzed Morgan Stanley’s Comments. International Business Machines Corporation (NYSE:IBM) is one of the stocks Jim Cramer recently discussed. International Business Machines Corporation (NYSE:IBM) is one of the most important technology companies in the world. The firm caters to the needs of enterprise computing users by providing access to hardware and software products. International Business Machines Corporation (NYSE:IBM)’s shares have gained 28% year-to-date as the firm has benefited from beating analyst earnings estimates and charting a path for the future of quantum computing. Cramer’s previous remarks have been full of praise for…

(Bloomberg) — Stocks closed at all-time highs as Alphabet Inc.’s results showed solid demand for artificial intelligence, bolstering confidence in the technology that has powered the bull market. Signs of jobs strength ahead of next week’s Federal Reserve decision lifted Treasury yields. Most Read from Bloomberg Following a 28% surge from its April lows, the S&P 500 eked out a gain while notching its 10th record in 19 trading days. Google’s parent AI optimism fueled a rally in companies like Nvidia Corp., which hit a fresh peak. Tesla Inc. sank 8.2% as Elon Musk warned of difficult times ahead. In…

(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 -…