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 …
Brookfield Asset Management Ltd. BAM-T and Microsoft Corp. MSFT-Q have reached an agreement to develop renewable power capacity, with the global technology giant turning to the Toronto-based asset manager to help run its burgeoning artificial intelligence and cloud computing services on cleaner energy. Under a framework agreement announced Wednesday, Microsoft will back Brookfield projects that …
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. …
Elon Musk’s Big Bet: Tesla to Ramp Up AI Development with Nvidia’s Powerful Chips Tesla Inc (NASDAQ:TSLA) may install 85,000 Nvidia Corp (NASDAQ:NVDA) H100 chips by year-end to train its artificial intelligence (AI) models. If CEO Elon Musk proceeds with this plan, Tesla will surpass tech giants like Amazon.Com Inc (NASDAQ:AMZN) and Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google as a significant Nvidia customer. During Tesla’s …
The launch of Intel ‘s latest artificial intelligence chip is expected to benefit three global semiconductor companies, according to Morgan Stanley. Intel unveiled its third-generation AI accelerator, Gaudi 3 , earlier this month. The semiconductor giant said the latest chip is twice as power-efficient and can run AI models one-and-a-half times faster than Nvidia’s H100 GPU …
Sundar Pichai, chief executive officer of Alphabet Inc., during Stanford’s 2024 Business, Government, and Society forum in Stanford, California, US, on Wednesday, April 3, 2024. Justin Sullivan | Getty Images The troubling news comes alongside a generative AI gold rush, as Big Tech players race the new technology into their vast portfolios of products and …
The Cisco logo is on display at the Mobile World Congress in Barcelona, Spain, on February 26, 2024. Charlie Perez | Nurphoto | Getty Images Enterprise technology titan Cisco Systems on Thursday unveiled a new security architecture product aimed at securing data centers, clouds, and other IT environments with the help of AI. Called HyperShield, …
Mustafa Suleyman, co-founder and chief executive officer of Inflection AI UK Ltd., speaks at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024. Stefan Wermuth | Bloomberg | Getty Images Microsoft will reveal brand-new artificial intelligence tools for use on PCs and in the cloud at its annual Build conference, according to a …