Apple CEO Tim Cook, left, and Microsoft CEO Satya Nadella. Reuters Microsoft ended Friday’s U.S. trading session as the most valuable publicly traded company, surpassing Apple after briefly topping the iPhone maker during intraday trading Thursday. Shares of Microsoft climbed more than 3% for the week, bringing the company’s market cap to $2.89 trillion, while … Read more
Google Cloud CEO Thomas Kurian speaks at the Google Cloud Next event in San Francisco on April 9, 2019. Michael Short | Bloomberg | Getty Images Google’s latest effort to win cloud deals over larger rivals Amazon and Microsoft involves making it cheaper for clients to leave. In a blog post Thursday, Google took aim … Read more
The Google headquarters in Mountain View, California, Jan. 30, 2023. Marlena Sloss | Bloomberg | Getty Images Google cut several hundred jobs across the company late Wednesday night as it continues to push for efficiency and focus on its “biggest product priorities,” a spokesperson confirmed to CNBC. The layoffs will impact employees within Google’s hardware … Read more
Apple CEO Tim Cook, left, and Microsoft CEO Satya Nadella. Reuters Microsoft on Thursday briefly yanked the title of most valuable publicly traded company from Apple in early trading. The development follows a series of obstacles Apple has encountered at the start of the year. Last week, Foxconn, a Chinese assembler of Apple’s iPhones, reported … Read more
OpenAI is back in action after its leadership tumult, debuting two product and service launches on Wednesday: the GPT Store — OpenAI’s answer to the App Store, which allows users to list personalized chatbots, or GPTs, they’ve built for others to download — and ChatGPT Team, a new option for businesses. ChatGPT Team, the smaller … Read more
American companies like Google, Microsoft, and OpenAI are currently driving the cutting edge of generative artificial intelligence development across the globe. However two of U.S.’s top national security leaders said that AI lead is under attack from foreign cybercriminals and nation-states like China. “Eighteen of the 20 most successful AI companies in the world are … Read more
Traders work on the floor of the New York Stock Exchange. NYSE Stock markets have entered a new phase that will involve a broadening of last year’s bull market as big U.S. tech stocks come under pressure, according to the CIO of a Swiss private bank. Charles-Henry Monchau, chief investment officer at Bank Syz, told … Read more
Apple launched its Vision Pro headset at its annual WWDC event on Monday, ending months of speculation that the Cupertino tech giant was getting ready to launch its own VR or augmented reality product. Josh Edelson | AFP | Getty Images Apple’s Vision Pro will launch in the U.S. on February 2, the company said … Read more
It’s not being talked about enough. This market move off the November lows and the Fed pivot — signaling an end to the central bank’s rate-hiking cycle — is one of the most astonishing and satisfying I have seen in 43 years of investing. In nine weeks, we blew through price targets on so many … Read more
Microsoft CEO Satya Nadella, right, greets OpenAI CEO Sam Altman during the OpenAI DevDay event in San Francisco on Nov. 6, 2023. Justin Sullivan | Getty Images News | Getty Images Two nonfiction book authors sued Microsoft and OpenAI in a would-be class action complaint alleging that the defendants “simply stole” the writers’ copyrighted works … Read more
