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Tag Archives: CNBC
Apple’s AI roadmap looks brighter — plus, Costco delivers upbeat sales numbers
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
Meta reportedly projected 10% of 2024 sales came from scam, fraud ads
Meta projected that about $16 billion in 2024 revenue came from running ads for scams and banned goods, according to a Thursday report from Reuters.
Trump AI czar Sacks says ‘no federal bailout for AI’ after OpenAI CFO’s comments
Sacks’ comments came after OpenAI CFO Sarah Friar mentioned a federal “backstop” during a conference.
Microsoft forms superintelligence team under AI chief Suleyman ‘to serve humanity’
The MAI Superintelligence Team will pursue research for improving artificial intelligence companions, diagnosing diseases and generating renewable energy.
Doordash stock drops 15%, heads for worst day ever on spending concerns
Doordash has already shelled out billions this year to buy restaurant booking platform SevenRooms and British delivery platform Deliveroo.
Datadog’s stock soars 20% on revenue beat, strong forecast
Datadog has rolled out multiple artificial intelligence technologies as the AI boom boosts demand for cloud security.
OpenAI CFO Sarah Friar says company isn’t seeking government backstop, clarifying prior comment
OpenAI CFO Sarah Friar said in a LinkedIn post that the artificial intelligence company is not seeking a government backstop for its infrastructure commitments.
Snap stock surges 13% after announcing Perplexity AI deal, reporting strong revenue
Perplexity will integrate its AI-powered search engine directly into the Snapchat app.
Duolingo stock plunges 27% on light guidance as company prioritizes user growth
CEO and co-founder Luis von Ahn told CNBC that the company has shifted its investment strategy in recent months to focus on long-term initiatives.
AI startup Metropolis, biggest parking lot network in U.S., raises $1.6 billion for major retail expansion
Metropolis, which uses AI, computer vision for payments, raised $1.6 billion in equity and debt for a big retail push at gas stations, drive-thrus, and hotels.