Palantir saw its revenue jump 85% year-over-year in the first quarter to $1.6 billion. Its stock is still down 31% so far this year.
Our daily email brings you smart and engaging news and analysis on the biggest stories in business and finance. For free.
CEO Andy Jassy hiked the company’s capex guidance about 10% to $220 billion, but investors loved a booming AWS business.
Faster, cheaper models from DeepSeek, Moonshot and other Chinese firms let users prioritize AI cost-effectiveness, undercutting US giants.
In the meantime, its sales rose 24% in the second quarter as search revenue climbed 17% and its AI-boosted cloud biz jumped more than 80%.
Bloomberg reported that the mega AI startup is set to announce that its two agentic tools are now serving around 10 million users.
Both Chinese models were trained without the most expensive chips and are expected to be cheaper and more efficient to operate.
Apple is accusing the ChatGPT developer of stealing trade secrets and hardware designs to bolster its development of an AI-fueled smartphone.
Enterprise customers have begun to doubt the burdensome cost of pay-per-use token consumption and are looking to cheaper models.
Users can ask the glasses to live-translate more than 20 languages, provide turn-by-turn walking directions, take calls, play music and more.
Google shares have been hammered recently as two top artificial intelligence researchers spurned the company to join OpenAI and Anthropic.
No, not the fruit. The acronym stands for Meta, Anthropic, Nvidia, Google (Alphabet), OpenAI and SpaceX.
Cybersecurity experts are raising concerns that the shutdown of Anthropic’s models could open bigger holes in the US’s digital defenses.
Capital expenditures continue to balloon and the company plans to raise another $40 billion through debt and equity financing.
The keynote presentation of Apple’s annual developers conference was a farewell sendoff for CEO Tim Cook, who received a standing ovation.
After a dry spell amid high interest rates and inflation uncertainty Q1 saw 35 IPOs raise $9.9 billion, according to Renaissance Capital.