Faster, cheaper models from DeepSeek, Moonshot and other Chinese firms let users prioritize AI cost-effectiveness, undercutting US giants.
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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.
SpaceX’s Starship rocket stayed grounded last week as the company’s stock crashed down around CEO Elon Musk.
TSMC’s pledge to invest an extra $100 billion into its Arizona-based chip fab rekindled fears of overspending on artificial intelligence.
In its IPO prospectus, SpaceX said that Starlink accounted for just over 60% of its $18.7 billion in revenue last year.
Apple is accusing the ChatGPT developer of stealing trade secrets and hardware designs to bolster its development of an AI-fueled smartphone.
Alibaba’s applying a uniquely Chinese playbook in its efforts to win the world’s AI-ttention, and its flagship model is now number one.
Blue Origin is taking outside funding for the first time in its quarter-century existents, to the tune of $10 billion
One big question remains: Can the company break free from the memory sector’s historically cyclical nature?
Apple shares climbed nearly 1% on the news, bringing it closer to reclaiming the throne as the biggest US company by market cap.
Opinions ranged from “bullish” to “extremely bullish” among the four big banks that led the SpaceX IPO, as each initiated coverage on Tuesday.
Xbox CEO Asha Sharma plans to eliminate about 20% of staff by the end of fiscal 2027, starting with 1,600 Xbox employees yesterday.
Bitcoin briefly dipped below $60,000 last week, down from its peak of more than $126,000 in October of last year.
Enterprise customers have begun to doubt the burdensome cost of pay-per-use token consumption and are looking to cheaper models.