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 …
Shenzhen-based LimX Dynamics shows off one of its humanoid robots. Limx Dynamics In robotics, the development of generative AI can help machines with understanding and perceiving their environment, said Li Zhang, chief operating officer of Shenzhen-based LimX Dynamics. About three months after joining the two-year-old startup, Li said he shortened his expectations for how long …
Warren Buffett isn’t jumping on the artificial intelligence bandwagon just yet, warning about the technology’s potential for harm. “When you think about the potential for scamming people … if I was interested in investing in scamming, it’s gonna be the growth industry of all time and it’s enabled, in a way” by AI, Buffett said …
A view of the city skyline at sunset from Dhow Harbour in Abu Dhabi, United Arab Emirates, on Feb. 5, 2015. Dan Kitwood | Getty Images DUBAI — Abu Dhabi artificial intelligence firm Presight bought a 51% stake in AIQ, a joint technology venture between the Abu Dhabi National Oil Company, or ADNOC, and G42, …
Here’s how it did versus LSEG consensus estimates for the quarter ended March 24: Earnings per share: $2.44 adjusted vs. $2.32 expected Revenue: $9.39 billion adjusted vs. $9.34 billion expected Net income during the quarter was $2.33 billion, or $2.06 per share, versus $1.7 billion, or $1.52 per share, in the year-earlier period. Qualcomm said …
ARK Invest’s chief futurist lists five groups that should give tech investors an edge. According to Brett Winton, robotics, artificial intelligence, multi-omics sequencing, public blockchain and energy storage are key areas because they’re all entering the marketplace at the same time. “We believe that this is a unique time in technological economic history,” he told …
Even with all that investment, Microsoft has a shortage of data center infrastructure, specifically for deploying artificial intelligence models. “We do have demand that exceeds our supply by a bit,” Microsoft CFO Amy Hood told analysts on the company’s earnings call. Companies need an ever-increasing amount of compute to run hefty workloads, adding human-like generative …
Alphabet topped analysts’ estimates, reporting revenue growth of 15% for the quarter, the fastest rate of expansion since early 2022. Ad sales at YouTube jumped 20%, also beating expectations. Questions have been swirling about the future of Google’s online ads, because the biggest revenue driver remains search, which is under pressure as new generative AI …
Earnings per share: $2.94 vs. $2.82 expected Revenue: $61.86 vs. $60.80 billion expected Microsoft’s total revenue grew 17% year over year in the quarter, which ended on March 31, according to a statement. Net income, at $21.94 billion, or $2.94 per share, was up from $18.30 billion, or $2.45 per share in the year-ago quarter. …
U.K. tech startup Synthesia unveiled a new range of AI-generated avatars that can convey emotions like happiness, sadness, and frustration. Synthesia Nvidia-backed artificial intelligence firm Synthesia on Thursday unveiled a new wave of AI-generated digital avatars that can convey human emotions using a user’s text inputs. The company said its “Expressive Avatars” can blur the …