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Microsoft-Backed Mistral AI Sees Valuation Spike To $6B After Securing $645M Funding
Wednesday, June 12, 2024 - 10:38am | 479Mistral AI, a French tech startup backed by Microsoft, has raised $645 million in a funding round, bringing its valuation to $6 billion. What Happened: The funding round was led by venture capital firm General Catalyst and included contributions from existing investors, CNBC reported on Wednesday....
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Apple, Meta, Celsius, Eli Lilly, Tesla: Why These 5 Stocks Are On Investors' Radars Today
Monday, June 10, 2024 - 9:35pm | 653On Monday, major U.S. indices closed positively, with the Dow Jones Industrial Average rising by 0.2% to 38,868.04. The S&P 500 increased by 0.3% to 5,360.79, and the Nasdaq climbed by 0.35% to finish at 17,192.53. Apple Inc. (NASDAQ:AAPL) Apple’s stock dipped by 1.91% to close at $193.12...
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Cathie Wood's Ark Invest Buys Shares Of Nvidia-Rival AMD, Continues Its Shopify Share-Buying Spree
Monday, May 20, 2024 - 10:56pm | 622On Monday, Cathie Wood’s Ark Invest made some significant trades, with the most notable being the purchase of Shopify Inc (NYSE:SHOP) and Advanced Micro Devices Inc (NASDAQ:AMD) shares. The Shopify Trade Ark Invest’s ETFs, including Ark Fintech Innovation ETF (NYSE:ARKF), made a...
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AI Adoption A 'Do Or Die' Moment For Companies, Says SandboxAQ CEO: 'There's Going To Be Winners And Losers'
Thursday, May 2, 2024 - 8:47am | 670Jack Hidary, CEO of SandboxAQ, recently emphasized the critical role of AI in determining the future of various industries. What Happened: Hidary stated during CNBC’s “Last Call” on Wednesday, “AI… it’s a do-or-die moment right now.” He highlighted that AI...
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Microsoft Pledges $1.7B Investment In Emerging Asian Powerhouse As Tech Giants Bet Big On AI
Tuesday, April 30, 2024 - 2:14am | 618Microsoft Corporation (NASDAQ:MSFT) has committed to a $1.7 billion investment in Indonesia’s cloud services and artificial intelligence (AI) over the next four years. What Happened: Microsoft CEO Satya Nadella announced the investment during his visit to Jakarta, Reuters reported on Tuesday...
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'Real Deal': Amid Microsoft, Google Earnings, Techpreneur Says By 2030 Companies Not 'Fully Utilizing AI' Will Be 'Out Of Business'
Friday, April 26, 2024 - 9:16am | 755Renowned tech entrepreneur, Peter H. Diamandis, anticipates AI to be a significant driver of earnings growth for Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) and Microsoft Corporation (NASDAQ:MSFT). What Happened: During CNBC’s “Last Call” on Thursday, Diamandis stated, "This is the...
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Jim Cramer Says 'There Are Hundreds Of Articles' About Apple Losing Top Spot In China: 'Google And Microsoft Can Barely Buy An Inch Of Ink After Some Spectacular Quarters'
Friday, April 26, 2024 - 7:41am | 747“Mad Money” host Jim Cramer pointed out the disproportionate coverage of Apple Inc. (NASDAQ:AAPL) “losing leadership” compared to Alphabet Inc.’s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google and Microsoft Corp. (NASDAQ:MSFT) post their “spectacular quarters.” What...
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Google Parent Alphabet, Microsoft, Intel, Roku, Tesla: Why These 5 Stocks Are On Investors' Radars Today
Thursday, April 25, 2024 - 10:35pm | 756Thursday saw a decrease in major U.S. indices, with the Dow Jones Industrial Average closing the session down by nearly 1% at 38,085.80. Similarly, the S&P 500 dropped by almost 0.5% to 5,048.42, while the Nasdaq experienced a decline of 0.6% to 15,611.76. Despite the overall market downturn,...
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Microsoft's Information Security Culture, Cloud Vulnerabilities To Blame For 2023 China-Linked Cyberattack, Says Federal Agency
Wednesday, April 3, 2024 - 2:03am | 621The Cyber Safety Review Board (CSRB) of the Cybersecurity and Infrastructure Security Agency has found that Microsoft Corporation (NASDAQ:MSFT) had security lapses that paved the way for a 2023 cyberattack. This incident resulted in the compromise of high-ranking US officials’ accounts. What...
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As Tesla, Apple Falter, These Remaining 'Fab Four' From The Mag 7 Lot Are 'Still Holding Up' The Market
Monday, April 1, 2024 - 10:56am | 862The stock market has defied expectations with a robust surge, even as industry heavyweights like Apple Inc. (NASDAQ:AAPL) and Tesla Inc. (NASDAQ:TSLA) experience notable downturns in their share prices. What Happened: The S&P 500 has delivered its strongest first quarter since 2019, despite an...
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Meta And Microsoft Criticize Apple For Allegedly Evading Legal Requirements Post-Epic Games Ruling
Thursday, March 21, 2024 - 12:56am | 699Apple Inc (NASDAQ:AAPL) is facing criticism from tech giants Meta Platforms Inc (NASDAQ:META) and Microsoft Corp (NASDAQ:MSFT) over its compliance plan in the ongoing legal battle with Epic Games. What Happened: Apple’s compliance with a 2021 order from a California federal judge, which...
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Best Buy Analyst Turns Bullish After Meetings With Management
Wednesday, March 20, 2024 - 12:09pm | 347Earlier this month, Best Buy Co Inc (NYSE: BBY) reported higher-than-expected results for its fourth quarter. Meetings with management boosted confidence in the company’s business “showing signs of stabilization and improvement after nine consecutive quarters of negative comps,...
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Microsoft's AI Ambitions Propel DeepMind Co-Founder To Leadership Role
Tuesday, March 19, 2024 - 3:26pm | 628Microsoft Corporation (NASDAQ:MSFT) announced Tuesday it was hiring Mustafa Suleyman, co-founder of U.K. artificial intelligence lab DeepMind, which was acquired by Google (NASDAQ:GOOGL) in 2014. Suleyman will run a new consumer-facing AI unit to be called Microsoft AI, bringing together products...
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From Recruitment To Gaming: Microsoft's Professional Networking Site Explores New Frontier
Monday, March 18, 2024 - 3:38am | 773In a bold move to diversify user engagement, Microsoft (NASDAQ:MSFT) owned LinkedIn, the professional networking behemoth, is reportedly stepping into the gaming world. This surprising pivot aims to blend business networking with entertainment, potentially reshaping the platform’s interaction...
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Sam Altman's OpenAI Fires Back At Elon Musk's Lawsuit: '...Stem From Elon's Regrets About Not Being Involved With The Company'
Saturday, March 2, 2024 - 6:02am | 699ChatGPT-parent OpenAI has responded to Elon Musk’s lawsuit, suggesting that the Tesla CEO’s claims are rooted in his regret over not being part of the company’s current success. What Happened: On Friday, OpenAI executives refuted Musk’s allegations in a lawsuit filed on...