• Wall St Week Ahead: Declining Bond Yields Bolster Equities Allure Ahead of Fed Meeting

    NEW YORK, March 17 (Reuters) – US equities have gained an unexpected ally in recent days: a historic fall in bond yields. U.S. Treasury yields fell sharply this week, with some maturities marking the biggest declines in decades, as investors bet the Federal Reserve is likely to curb its aggressive rate hike to prevent the […]

  • China’s answer to ChatGPT? Baidu shares tumble as Ernie Bot disappoints

    Ernie’s launch comes as Google, Microsoft step up AI game Baidu shares tumble as CEO gives short video presentations Analysts say scripted event, pre-recorded videos disappointed Ernie can do math, write poems, generate images and video BEIJING/HONG KONG, March 16 (Reuters) – China’s Baidu on Thursday unveiled its long-awaited AI-powered chatbot known as Ernie Bot, […]

  • Microsoft integrates AI behind ChatGPT for more developer tools

    March 6 (Reuters) – Microsoft Corp. (MSFT.O) on Monday bundled the technology behind ChatGPT with its Power Platform that allows users to develop applications with little or no coding, the latest integration of artificial intelligence into its products. Major tech companies, from Alphabet Inc (GOOGL.O) to Baidu Inc (9888.HK), are accelerating the integration of generative […]

  • Musk: ‘AI causes me stress’

    DETROIT, March 1 (Reuters) – Elon Musk has often clashed with securities regulators and road safety authorities, but there is one area the government should regulate now, according to the Tesla and Twitter chief: artificial intelligence. “AI is stressing me out,” Musk said toward the end of a more than three-hour presentation to Tesla investors […]

  • Elon Musk recruits team to develop OpenAI’s ChatGPT rival – The Information

    Feb. 27 (Reuters) – Elon Musk has been approaching AI researchers in recent weeks about forming a new research lab to develop an alternative to OpenAI’s ChatGPT, the information reported Monday, citing people with direct knowledge of the effort. Tesla and Twitter chief Musk has recruited Igor Babuschkin, a researcher who recently left Alphabet’s DeepMind […]

  • Meta heats up Big Tech’s AI arms race with a new language model

    Feb 24 (Reuters) – Meta Platforms Inc (META.O) said on Friday it is releasing for researchers a new large language model, the core software of a new artificial intelligence system, sparking an AI arms race as Big Tech companies scramble to integrate the technology into their products and impress investors. The public battle to dominate […]

  • Ericsson lays off 8,500 employees memo

    STOCKHOLM, Feb. 24 (Reuters) – Telecom equipment maker Ericsson (ERICb.ST) will lay off 8,500 workers worldwide as part of its cost-cutting plan, according to a memo sent to employees and viewed by Reuters. While technology companies such as Microsoft (MSFT.O), Meta (META.O) and Alphabet (GOOGL.O) have laid off thousands of employees due to the economic […]

  • S&P, Dow fall as resilient economic data fuels rate hike fears

    Nvidia hits 10-month high with optimistic sales forecast Netflix slips in report on price cuts Weekly jobless claims fall; GDP grows by 2.7% in the fourth quarter Indices: Dow down 0.3%, S&P dip 0.02%, Nasdaq up 0.06% Feb 23 (Reuters) – Wall Street was mostly lower in choppy trading on Thursday, with the S&P 500 […]

  • As chatbots boom, Nvidia’s sales outlook exceeds Wall Street expectations

    Feb 22 (Reuters) – Chip designer Nvidia Corp (NVDA.O) is forecasting first quarter revenue higher than Wall Street estimates on Wednesday, as the CEO said using its chips to power artificial intelligence (AI) services such as chatbots power had “gone through the roof” in the past 60 days.” The sales outlook sent Nvidia shares up […]

  • Wall St collapses as rising yields weigh on growth stocks

    Home Depot drops as fiscal year profit forecast disappoints Meta-platforms rise as Facebook tests subscription service US business activity is recovering to its highest level in eight months Indexes down: Dow 1.61%, S&P 1.63%, Nasdaq 2.02% Feb 21 (Reuters) – Wall Street’s major stock indices fell on Tuesday, dragged by megacap names, after data showing […]