Evan Spiegel, CEO and co-founder of Snap Inc. Adam Galica | CNBC Shares of Snap notched their highest price in over a year on Monday after analysts at Wells Fargo released a bullish report on the stock. The analysts upgraded the shares from equal weight to overweight and raised their price target from $8 to … Read more
People walk past a billboard advertisement for YouTube in Berlin, Germany, on Sept. 27, 2019. Sean Gallup | Getty Images Teenagers in the U.S. are glued to YouTube and TikTok, with nearly 1 in 5 saying they use the video-streaming apps “almost constantly,” according to a survey on the social media and internet habits of … Read more
Hock Tan, CEO of Broadcom. Martin H. Simon | Bloomberg | Getty Images Broadcom shares jumped about 9% Monday after Citigroup resumed its coverage of the stock with a buy rating and updated its price target to $1,100. Shares are currently trading around $1,034. Citigroup said it resumed its coverage of the semiconductor and software … Read more
The logo of Japanese tech giant Rakuten logo seen at the Mobile World Congress 2019. Paco Freire| SOPA Images | LightRocket via Getty Images Japan’s Rakuten plans to launch its own artificial intelligence language model within the next two months, its CEO told CNBC in an interview that aired Monday. It comes as the fintech-to-e-commerce … Read more
Tech was back this week as Advanced Micro Devices unveiled its newest artificial intelligence chip and Alphabet released its latest AI model . Friday’s rally pushed the S & P 500 to a new 2023 high as the broad market index, the Dow and the Nasdaq all extended their weekly winning streaks to six straight. … Read more
Google is facing scrutiny over its demonstration video for its newly launched AI model, Gemini. On Wednesday, just weeks before the year’s end, Google launched what it considers its largest and most capable artificial intelligence model Gemini and presented a demonstrative video to media outlets and the public. The six-minute video includes spoken conversations between … Read more
A team at Google has proposed using AI technology to create a “bird’s-eye” view of users’ lives using mobile phone data such as photographs and searches. Dubbed “Project Ellmann,” after biographer and literary critic Richard David Ellmann, the idea would be to use LLMs like Gemini to ingest search results, spot patterns in a user’s … Read more
Jaap Arriens | Nurphoto | Getty Images The U.K.’s competition watchdog has opened an initial review into Microsoft’s mammoth investment into ChatGPT-creator OpenAI, making it the first major regulator to flag potential competition concerns over the tech giant’s relationship with one of the most important AI companies today. The Competition and Markets Authority said in … Read more
A photo taken on November 23, 2023 shows the logo of the ChatGPT application developed by US artificial intelligence research organization OpenAI on a smartphone screen (left) and the letters AI on a laptop screen in Frankfurt am Main, western Germany. Kirill Kudryavtsev | Afp | Getty Images This report is from today’s CNBC Daily … Read more
In an interview with CNBC’s Jim Cramer, Amazon CEO Andy Jassy said generative artificial intelligence will change the customer experience in the company’s enterprise and discretionary consumer business. “Generative AI is going to change every customer experience, and it’s going to make it much more accessible for everyday developers, and even business users, to use,” … Read more
