Oracle shares are taking a hit in the aftermarket following another disappointing quarterly report. While earnings at the cloud infrastructure company edged out Wall Street estimates, sales once again came up short with three of the company’s four main operating segments underperforming, including its crucial cloud services division. Revenue for the second fiscal quarter of … Read more
Microsoft CEO Satya Nadella speaks during the OpenAI DevDay event in San Francisco on Nov. 6, 2023. Justin Sullivan | Getty Images Microsoft on Monday announced a partnership with a major labor group, which represents 60 unions and 12.5 million workers, to create an open discussion on the future of artificial intelligence and quell fears … Read more
Larry Ellison, co-founder and executive chairman of Oracle Corp., speaks during the Oracle OpenWorld conference in San Francisco on Oct. 22, 2018. David Paul Morris | Bloomberg | Getty Images Oracle shares dropped more than 9% in extended trading Monday after the software company reported fiscal second-quarter revenue that fell short of Wall Street expectations. … 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
Salesforce signage outside its office building in New York. Scott Mlyn | CNBC Retail investors are grappling with the gyrations of the stock market as economic data rolls in and the Federal Reserve’s rate decision looms. To avoid making knee-jerk decisions based on short-term market activity, investors may want to consider input from Wall Street’s … Read more
PARIS, ILE DE FRANCE, FRANCE – 2017/09/14: The Olympic Rings being placed in front of the Eiffel Tower in celebration of the French capital won the hosting right for the 2024 summer Olympic Games. (Photo by Nicolas Briquet/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images Training of elite athletes dates as … 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
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
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
IBM is angling hard for an AI comeback story, and CEO Arvind Krishna is counting on a recent pivot to get it there. Since May, the company has reintroduced the Watson brand as part of the company’s larger strategy shift to monetize its AI products for businesses. WatsonX is a development studio for companies to … Read more
