Broadcom stock up on earnings beat, increased demand for AI chips

Broadcom stock up on earnings beat, increased demand for AI chips

Hock Tan, CEO of Broadcom Lucas Jackson | Reuters Broadcom shares rose about 12% on Thursday after the company posted second fiscal quarter earnings that beat analysts’ estimates and showed it’s benefiting from the artificial intelligence boom. Broadcom reported earnings per share of $10.96 ahead of LSEG consensus estimates of $10.84 per share. It reported … Read more

The Fight Against AI Comes to a Foundational Data Set

The Fight Against AI Comes to a Foundational Data Set

Danish media outlets have demanded that the nonprofit web archive Common Crawl remove copies of their articles from past data sets and stop crawling their websites immediately. This request was issued amid growing outrage over how artificial intelligence companies like OpenAI are using copyrighted materials. Common Crawl plans to comply with the request, first issued … Read more

Apple Proved That AI Is a Feature, Not a Product

Apple Proved That AI Is a Feature, Not a Product

Apple’s otherworldly, flying-saucer headquarters in Cupertino, California, felt like a suitable venue this week for a bold and futuristic revamp of the company’s most prized products. With iPhone sales slowing and rivals gaining ground thanks to the rise of tools like ChatGPT, Apple offered its own generative artificial intelligence vision at its Worldwide Developer Conference … Read more

LinkedIn’s AI Career Coaches Will See You Now

LinkedIn’s AI Career Coaches Will See You Now

Many burned-out workers have likely dreamed of hiring a career coach or résumé writer. Now, LinkedIn is introducing chats with generative AI career experts based on real people. Other new AI tools within the platform will help people write résumés and cover letters or evaluate their qualifications for jobs posted. LinkedIn has ramped up its … Read more

Fed signals just one rate cut

Fed signals just one rate cut

Traders work on the floor of the New York Stock Exchange during afternoon trading on April 2, 2024 in New York City. Michael M. Santiago | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they … Read more

Cramer examines Fed decision, booming tech stocks

Cramer examines Fed decision, booming tech stocks

CNBC’s Jim Cramer on Wednesday said the two most important forces in this market, the Federal Reserve and the technology sector, both got shocked “in a positive way” this week. The Fed held interest rates steady on Wednesday and revised its outlook to just one rate cut in 2024. But Cramer said this morning’s “very … Read more

Pope Francis to attend G7 summit to discuss AI development

Pope Francis to attend G7 summit to discuss AI development

(NewsNation) — World leaders are turning to Pope Francis for advice on artificial intelligence. Pope Francis will join world leaders at the G7 summit in Italy this week to discuss the dangers and risks of AI. It’s the first time that a pope will be featured at a G7 summit as an invited participant, according to … Read more

Apple AI plans make it most valuable company in the world

Apple AI plans make it most valuable company in the world

Apple CEO Tim Cook attends the annual developers conference event at the company’s headquarters in Cupertino, California, on June 10, 2024. Carlos Barria | Reuters Apple surpassed Microsoft on Wednesday to become the most valuable company in the world, after it announced its push into artificial intelligence during its developers conference keynote on Monday. Apple … Read more

Mistral AI raises $645 million at a $6 billion valuation

Mistral AI raises 5 million at a  billion valuation

French founder of artificial intelligence start-up Mistral AI, Arthur Mensch attends the Viva Technology show at Parc des Expositions Porte de Versailles on May 22, 2024 in Paris, France. Chesnot | Getty Images Entertainment | Getty Images Mistral AI, a French tech startup, raised a funding round of 600 million euros ($645 million), as huge … Read more

Google To Test Anti-Theft AI Feature For Phones In Brazil

Google To Test Anti-Theft AI Feature For Phones In Brazil

Google said that Brazil will be the first country to test an anti-theft feature for Android phones. Sao Paulo:  Alphabet’s Google said on Tuesday that Brazil will be the first country to test an anti-theft feature for Android phones that uses artificial intelligence (AI) to identify when a phone has been stolen and lock the … Read more