Posts with tag: AI
Meta's AI spending ramps up with $60-65 billion investment in 2025, as it bets on the technology to drive revenue growth and compete with rivals like OpenAI, Google, and Amazon.
Published on: January 28, 2025, 07:01 PM UTC
Luxury giant LVMH beats sales expectations, boosted by holiday demand and recovery in the US and Europe.
Published on: January 28, 2025, 05:04 PM UTC
RTX Corporation reports fourth-quarter earnings of $1.48 billion, exceeding Wall Street expectations. Revenue reached $21.62 billion, also surpassing estimates. For the year, the company reported profit of $4.77 billion and revenue of $80.74 billion. RTX projects full-year earnings in the range of $6 to $6.15 per share.
Published on: January 28, 2025, 01:07 PM UTC
AI-powered chatbots challenge US tech dominance, sending power stocks tumbling. Despite analysts' optimism, DeepSeek's advances raise questions about AI spending and market leadership.
Published on: January 28, 2025, 12:03 PM UTC
The French video game giant Ubisoft will close four studios and restructure operations at three more, impacting 185 employees, as part of a bid to cut costs and prioritize projects.
Published on: January 28, 2025, 09:00 AM UTC
Leading U.S. AI firms praise DeepSeek's AI models while analyzing their capabilities. DeepSeek's models use Nvidia's lower-cost H800 chips, sparking discussions about competition and the viability of open source AI.
Published on: January 28, 2025, 07:03 AM UTC
India's net borrowings may decline again, boosting bonds as the government maintains fiscal consolidation.
Published on: January 28, 2025, 07:01 AM UTC
AI advancements by DeepSeek raise questions about global competition and Tesla's potential in embodied AI, impacting self-driving vehicles, Optimus robots, and national security.
Published on: January 27, 2025, 11:02 PM UTC
Big Tech's earnings growth has been the driving force behind the bull market, but recent news about Chinese AI competition has sparked concerns and led to a sell-off in tech stocks. Investors had been expecting high earnings growth from Big Tech companies, but the news about DeepSeek has raised doubts about whether those expectations will be met. As a result, the sell-off in tech stocks has brought investors back to fundamentals and highlighted the importance of considering other factors in totality.
Published on: January 27, 2025, 11:01 PM UTC
DeepSeek, a Chinese AI startup, has released an impressive ChatGPT rival, sparking concerns in the US over AI spending and driving a $1 trillion decline in tech stocks.
Published on: January 27, 2025, 10:00 PM UTC