The data center gold rush is still in its early innings, but the market is already grappling with a squeeze in power availability, with companies that can provide energy swiftly poised to benefit, according to BTIG. The line to connect new power plants to the grid has surged to 1.6 terawatts, resulting in major bottlenecks …
A Salesforce corporate logo hangs over the front door of the Salesforce Tower on January 22, 2024, in New York City. Gary Hershorn | Getty Images LONDON — Enterprise tech giant Salesforce is opening an artificial intelligence center in London, making a bullish bet on the U.K. as a global technology hub. The U.S. software …
That route between Beijing South Railway Station and the suburb of Yizhuang is set to open a public-facing robotaxi service in the next week or two, Ning Zhang, vice president at Pony.ai and head of its Beijing research and development center, told CNBC in an exclusive interview Thursday. He cited pending government permits. By the …
Shares of Best Buy were popping Thursday as management made their case that an artificial intelligence upgrade cycle for personal computers and devices was starting to play out. Revenu e in the company’s fiscal 2025 first quarter fell 6.5% year over year to $8.85 billion in the three months ended May 4, missing the $8.96 …
Microsoft’s latest artificial intelligence announcements highlight a key catalyst coming for the tech mega-cap and four other portfolio names: the hardware refresh cycle. During his keynote at Microsoft’s Build last week, CEO Satya Nadella touted the company’s new artificial intelligence-integrated computers . The forthcoming CoPilot+ PCs, slated to roll out next month from Microsoft and …
Amazon is upgrading its decade-old Alexa voice assistant with generative artificial intelligence and plans to charge a monthly subscription fee to offset the cost of the technology, according to people with knowledge of Amazon’s plans. The Seattle-based tech and retail giant will launch a more conversational version of Alexa later this year, potentially positioning it …
John Chambers, CEO of Cisco, at the 2015 CGI Annual Meeting in New York. Adam Jeffery | CNBC Artificial intelligence will power the stock market for the next decade, former Cisco CEO John Chambers told CNBC on Wednesday. Chambers, who is also the founder and CEO of JC2 Ventures, said that AI will not only …
A new note from Melius Research supports what Jim Cramer has been saying for a while now: Club holding Apple’s integration of artificial intelligence into the iPhone should be a boon to investors. Shares of Apple are “gearing up for a run” higher in anticipation of the company’s Worldwide Developer Conference (WWDC) in June, where …
It’s all about to happen. But until it happens, then no money should be made waiting for it. We have to see its success to invest in it. Otherwise, the heck with it. There. That had been the bear case against artificial intelligence, generative AI, accelerated computing and large language models (LLMs), all the essential …
Just_super | E+ | Getty Images “AI is not a place where money makes more money,” Calkins told CNBC in an interview at its London bureau on Tuesday. Calkins was referring to the high-profile deals companies like Microsoft and Amazon are agreeing with ambitious and fast-growing foundational AI model makers, like OpenAI and Anthropic. Microsoft …