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Artificial intelligence and this week's market melt-up are driving mega cap tech stocks higher. Yardeni Research President Ed Yardeni joins Yahoo Finance Live to discuss the trends seen across the tech space and the potential to broaden out to other industries.
The stock market moved sharply higher on Thursday, with the Nasdaq Composite (NASDAQINDEX: ^IXIC) picking up more than 1% shortly after noon. Artificial intelligence (AI) has been a key trend lifting markets, and there are plenty of AI stocks in the Nasdaq. Two companies in particular have made AI a big part of their future business models, and on Thursday, both Adobe (NASDAQ: ADBE) and Nvidia (NASDAQ: NVDA) made sizable gains that further added to the furor surrounding the trend.
Lumen (LUMN), in collaboration with Microsoft, is set to launch Operator Connect for Microsoft Teams Phone solution to provide easy connection and collaboration abilities for hybrid workforce for business organizations.
Tech companies remain secretive over the amount of energy and water it takes to train their complex programs and models
(Bloomberg) -- Microsoft Corp. will create a program to assure customers the artificial intelligence software they buy from the company will meet any future laws and regulations, looking to keep clients investing in AI tools ahead of whatever rules are passed governing the new technology.Most Read from BloombergRussian Elite Is Souring on Putin’s Chances of Winning His WarAmericans Are Leaving Portugal as Golden Visa Honeymoon EndsLeaving New York for Miami Can Save Nearly $200,000S&P 500 Enters
Microsoft (NASDAQ: MSFT), the company that invested billions into ChatGPT's owner, OpenAI, is no exception. Year to date, Microsoft's shares are up around 40% and the Redmond, Washington-based tech giant is now at a $2.5 trillion valuation and right around its all-time highs. Has the stock become too expensive, or is Microsoft still a good buy right now?
Alphabet's Google and Microsoft are inserting ads into AI experiments without providing an option to opt out of participation, an approach that has already rankled some brands and risks further pushback from the industry, ad buyers told Reuters. The two tech giants are racing to revamp their search engines with artificial intelligence that can produce written responses to open-ended queries. Microsoft is testing ads in the Bing AI chatbot, which began rolling out to users in February, by relocating some traditional search ads and inserting them into the AI responses, the company said.
Microsoft co-founder Bill Gates remains bullish on tech and what artificial intelligence (AI) could do for the world. To say he thinks it could improve things for businesses and individuals is an understatement. Will people never need Amazon's site again?
Asset manager Just Climate said on Thursday it had raised $1.5 billion for its inaugural fund after strong demand from institutional clients including Microsoft’s Climate Innovation Fund helped it beat the original target of $1 billion. Established by Generation Investment Management, Just Climate aims to focus investment on the sectors where cutting greenhouse gas emissions is hardest to do, such as cement, shipping, industrials and land use. The firm's initial fund, Climate Assets Fund I, will focus on helping companies with proven technology scale their business to a level to attract more risk-averse investors.
Microsoft (NASDAQ: MSFT) is investing in a cloud service provider, and Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) is investing in a video generative AI start-up. Check out the short video to learn what semiconductor investors Jose Najarro and Billy Duberstein had to say.
The Redmond, Washington-based company has added support for large language models (LLMs) powering GPT-4 the latest and the most sophisticated of the LLMs from OpenAI, and GPT-3, to Azure Government. Use of LLMs have boomed since the launch of ChatGPT from OpenAI, in which Microsoft holds a stake, and businesses of all shapes and sizes are racing to build features on top of them. It is the first time Microsoft is bringing the GPT technology to Azure Government, which offers cloud solutions to U.S. government agencies, and marks the first such effort by a major company to make the chatbot technology available to governments.
MetLife (MET) launches an enhanced pet insurance app with Microsoft to help pet parents.
Activision Blizzard's (ATVI) Diablo IV release sets a new record as Blizzard Entertainment's fastest-selling game of all time.
Dutch privacy watchdog DPA said on Wednesday it is "concerned" about the use of personal data by software makers developing artificial intelligence (AI) and it has sent a letter to Microsoft-backed OpenAI seeking more information. Governments including the European Union are considering how to regulate the technology after OpenAI's ChatGPT became the fastest-growing consumer application in history. "The DPA is concerned about how organizations that make use of so-called 'generative' artificial intelligence treat personal information," the agency said.
The enterprise software and PC specialist has started off 2023 with a bang. Could this be just the beginning?
(Bloomberg) -- Microsoft Corp. will make it possible for users of its Azure Government cloud computing service, which include a variety of US agencies, to access artificial intelligence models from ChatGPT creator OpenAI.Most Read from BloombergRussian Elite Is Souring on Putin’s Chances of Winning His WarAmericans Are Leaving Portugal as Golden Visa Honeymoon EndsLeaving New York for Miami Can Save Nearly $200,000S&P 500 Enters Bull Market as Tech Rally Resumes: Markets WrapWhy Lionel Messi Cho
No company on the planet commands a greater market cap than Apple (NASDAQ: AAPL) right now. At its current pace, Apple appears to be a lock to reach $5 trillion in market cap within the next few years. Nvidia flirted with the $1 trillion level, but there are currently only four stocks other than Apple with market caps above the $1 trillion.
Microsoft (MSFT) closed at $333.68 in the latest trading session, marking a -0.67% move from the prior day.
Microsoft has signalled it is prepared to compromise on the terms of its $69bn (£55bn) merger with Activision after it was blocked by the UK competition regulator.
(Bloomberg) -- Microsoft Corp. agreed to pay $20 million to settle a US Federal Trade Commission claim that the company illegally collected data from children who signed up to use its Xbox gaming system.Most Read from BloombergRussian Elite Is Souring on Putin’s Chances of Winning His WarAmericans Are Leaving Portugal as Golden Visa Honeymoon EndsLeaving New York for Miami Can Save Nearly $200,000S&P 500 Enters Bull Market as Tech Rally Resumes: Markets WrapWhy Lionel Messi Chose Miami Over Riya
Investing.com -- The S&P 500 slipped between gains and losses Tuesday as investors digested a slip in health care stocks and renewed investor appetite for regional banking stocks.
Microsoft-backed OpenAI, the company behind ChatGPT, has no plans to go public any time soon, Chief Executive Sam Altman said at a conference in Abu Dhabi. "When we develop super intelligence, we are likely to make some decisions that most investors would look at very strangely," Altman said. OpenAI has so far raised $10 billion from Microsoft at a valuation of almost $30 billion as it invests more on building computing capacity.
The pound lost ground against the dollar on Tuesday, falling more than 0.2% to $1.24.