Previous close | 0.2200 |
Open | 0.3000 |
Bid | 0.1900 |
Ask | 0.2500 |
Strike | 480.00 |
Expiry date | 2024-06-21 |
Day's range | 0.3000 - 0.3000 |
Contract range | N/A |
Volume | |
Open interest | 13.88k |
Amazon, Google, Meta, and Microsoft announced they are spending billions to build out their AI capabilities. It'll take time for it to pay off.
Generative artificial intelligence has yet to produce material revenue growth for most software companies, which has been disappointing investors in AI stocks. The good news is that cloud computing giants and software companies are providing enterprise customers with more tools to master generative AI technologies. To build gen AI software applications, large companies need to harness proprietary data to train and deploy AI models.
Take-Two Interactive Software Inc (NASDAQ:TTWO), the maker of the Grand Theft Auto franchise, plans to close two subsidiaries, Roll7 and Intercept Games, as part of mass layoffs. Roll7, based in London, known for Rollerdrome, and Intercept Games, in Seattle, known for Kerbal Space Program 2, will be shut down, affecting around 70 jobs, Bloomberg reports. Last month, Take-Two announced a 5% staff reduction, which will affect roughly 600 employees, including those from the Private Division, founde