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Intel shares jump 9% on earnings beat, uplifting guidance

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Intel CEO Pat Gelsinger holds an artificial intelligence processor as he speaks during the Computex conference in Taipei, Taiwan, on June 4, 2024.Annabelle Chih...
Infra

Meta’s Zuckerberg Touts AI Progress but Warns of ‘Serious Infrastructure’ | PYMNTS.com

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The old saying is you’ve got to spend money to make money. For Meta, notching a third...
Bussiness

Meta Warns of Worsening AI Losses After Sales Narrowly Beat

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Meta Platforms Inc. CEO Mark Zuckerberg will ramp up heavy investments in AI and other futuristic technologies, continuing a years-long tug-of-war between the company’s...
Bussiness

Microsoft stock slips more than 3% in extended trading on disappointing revenue guidance

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Satya Nadella, chief executive officer of Microsoft Corp., speaks during the company event on AI technologies in Jakarta, Indonesia, on Tuesday, April 30, 2024.Dimas...
Jobs

Over 25% of Google’s code is written by AI, Sundar Pichai

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Some have accused the tech giants of blowing AI smoke on earnings calls—touting the supposed benefits of massive capital expenditures without reporting any tangible...
Jobs

Time Is Running Out for Big Tech to Deliver AI Profits

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The most urgent questions for tech investors are: Who is going to make a windfall from the AI frenzy, and at what cost?There’s a...
Jobs

Bad news for coders? Google CEO Sundar Pichai says over 25% of company’s code is created by AI

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Google is increasingly relying on artificial intelligence (AI) to generate its software code, with more than a quarter of its new code now created...
Jobs

Google’s new CFO makes earnings call debut, says company can ‘push a little further’ on cost cuts

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Alphabet incoming CFO Anat Ashkenazi, who spent 23 years at Eli LillyEli LillyFor nine years, the CFO role at Google and parent company Alphabet...
Bussiness

Ford guides to low end of 2024 earnings forecast as it slightly tops Wall Street’s third-quarter expectations

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Ford and Lincoln vehicles are displayed for sale at a Ford dealership on August 21, 2024 in Glendale, California. Mario Tama | Getty ImagesDETROIT —...
Bussiness

Apple analyst Kuo says company cut iPhone 16 orders by 10 million units

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A series of iPhone 16s on display inside the Apple store at Tun Razak Exchange in Kuala Lumpur, Malaysia, on Sept. 20, 2024.Annice Lyn...
Bussiness

Tesla shares jump 10% on profit beat as company benefits from environmental credits

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Tesla CEO and X owner Elon Musk speaks during an unveiling event for Tesla products in Los Angeles, California, U.S. October 10, 2024Source: Tesla...
Bussiness

Dow posts back-to-back loss Tuesday as Wall Street’s rally pauses: Live updates

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Traders work on the floor of the New York Stock Exchange on Oct. 22, 2024.Spencer Platt | Getty ImagesThe S&P 500 and the Dow...
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