AI

TikTok owner ByteDance plans to invest heavily in AI infrastructure, with plans to spend over $20 billion this year, focusing on data centers and network equipment. The funding will benefit chipmakers Huawei, Cambricon, and Nvidia, and help ByteDance maintain its leadership in AI at home and bolster overseas expansion.

Published on: January 23, 2025, 12:01 PM UTC

Benioff says Microsoft's AI tools for business are "disappointing" and "just a repackaged ChatGPT," while his own AI bots are seeing strong adoption. Investors are bullish on AI agents, but some skeptics question whether Salesforce can monetize Agentforce effectively.

Published on: January 23, 2025, 11:03 AM UTC

Salesforce CEO Marc Benioff criticizes Microsoft's AI rival Copilot, calling it a "repackaged" ChatGPT. Despite skepticism from some analysts, Salesforce's AI bots have gained traction, with 200 Agentforce deals closed in the third quarter and strong consumption.

Published on: January 23, 2025, 09:02 AM UTC

ByteDance, owner of TikTok, plans to spend $20.64B for the year, much of it on AI-related infrastructure, primarily data centers and networking equipment abroad.

Published on: January 23, 2025, 09:00 AM UTC

Tech stocks surged Wednesday as Netflix shares reached record highs on strong earnings, while President Trump's AI investment plan overshadowed fresh trade concerns. The Nasdaq Composite gained nearly 1.3%, driven by Netflix's jump after impressive earnings, and the S&P 500 climbed over 0.6% to close near its record high.

Published on: January 23, 2025, 08:01 AM UTC

Arm Holdings poised for further gains after 16% surge on Stargate AI project partnership news. Technical analysis suggests key overhead areas to watch at $187 and $245, while $150 may provide support.

Published on: January 23, 2025, 04:00 AM UTC

OpenAI and SoftBank to invest $38 billion in AI data center venture Stargate

Published on: January 23, 2025, 03:01 AM UTC

Salesforce and Microsoft execs spar over AI dominance at Davos, with Salesforce CEO Marc Benioff criticizing Microsoft's Copilot as a "repackaged ChatGPT."

Published on: January 23, 2025, 03:01 AM UTC

Salesforce and Microsoft CEOs trade barbs over AI rivalry. Salesforce's AI bots compete with Microsoft's Copilot for workplace supremacy.

Published on: January 23, 2025, 02:03 AM UTC

Microsoft's relationship with OpenAI faces challenges. Despite investing $14 billion, Microsoft was excluded from OpenAI's new joint venture, prompting speculation of a strained relationship. Microsoft has scaled back plans for additional investment, while OpenAI seeks other partners and explores using rival cloud services for its AI training.

Published on: January 22, 2025, 11:01 PM UTC