Amazon.com Inc., risking Wall Street’s displeasure, told investors that profits for now will take a back seat to heavy spending on artificial intelligence. The shares fell. The company projected operating income for the current quarter ending in September will be $11.5 billion to $15 billion. Analysts, on average, were looking for $15.7 billion. After … Read more
The GPT-4o mini model’s score compared with 77.9 per cent for Google’s Gemini Flash and 73.8 per cent for Anthropic’s Claude Haiku: OpenAI | Photographer: David Paul Morris/Bloomberg 2 min read Last Updated : Jul 18 2024 | 10:49 PM IST ChatGPT maker OpenAI said on Thursday it was launching GPT-4o mini, a cost-efficient small … Read more
Central bankers aren’t born as chronic worriers, but they quickly acquire the trait. They are now spending considerable time fretting about artificial intelligence: Its ability to play havoc with prices, jobs, and the security of banking. As gut-wrenching as the meltdown of 2008 was, imagine if a rogue machine turbocharged a market rout. It’s not quite … Read more
Tech giant Nvidia is now worth over $3.2 trillion, with its dominance as a chipmaker making it the poster child of the artificial intelligence boom. After the stock’s swift rise on Wall Street it briefly topped Microsoft as the most valuable company in the S&P 500 this week. The company is now worth over $3.2 … Read more
Alphabet CEO Sundar Pichai is on the cusp of achieving a rare milestone for a non-founder tech executive: a 10-figure fortune. Since Pichai, 51, became CEO of Google in 2015, the stock has surged more than 400%, significantly outperforming the S& and Nasdaq over the same period. It hit a fresh record on Friday after … Read more
The United States Friday said that it continues to monitor implementation and raise concerns with India on restriction of imports of certain information and communications technology products, including laptops, tablets, and servers. In its National Trade Estimate Report on Foreign Trade Barriers 2024, the US Trade Representative (USTR) said: “Since 2021, US firms have been … Read more
Microsoft and OpenAI are reportedly planning a massive data-centre project that could cost up to $100 billion, including the development of an artificial intelligence supercomputer called “Stargate,” according to a report by The Information. The project is said to be financed by Microsoft. The proposed efforts, as per the source who has seen the initial … Read more
The UK’s Opposition Labour Party has claimed Infosys was effectively granted “VIP access” after a media report alleged the software services major was promised help to grow in Britain due to Prime Minister Rishi Sunak’s familial connection with co-founder Narayana Murthy. A ‘Sunday Mirror’ report based on a freedom of information (FOI) request said Trade … Read more
Jio Platforms, a subsidiary of Reliance Industries that helps operators to evolve to new 5G capabilities, has created an AI platform, Jio Brain, that integrates machine learning (ML) capabilities in a telecom operator’s network, enterprise network, or any industry-specific IT environment without the need for an exhaustive network/IT transformation. According to a LinkedIn post by … Read more