China's DeepSeek, an AI developer at the center of China's push to compete globally in artificial intelligence, is reportedly developing its own chip to help run AI systems. Reuters reported on Tuesday, citing unnamed sources, that the chip is being designed for inference, the stage when trained AI…
Amazon.com (AMZN, Financials) the e-commerce, cloud computing and digital services company behind Amazon Web Services and Prime, turned 32, and its story is still moving.Jeff Bezos started the company on July 5, 1994, in Bellevue, Washington, after leaving Wall Street to bet on the internet. At fir…
The world's largest technology companies are tapping debt markets and raising equity to bolster AI infrastructure, marking a shift for Silicon Valley firms that typically relied on cash to fund their investments.Alphabet, Amazon, Microsoft and Meta signaled in April that spending on AI would not sl…
By Dan GallagherBig tech reining in its AI spending may be a tantalizing prospect for some. It would also be a costly one.That doesn't seem in the cards yet. Second-quarter reports coming later this month will likely show another period of blowout AI investments. Wall Street analysts estimate that…
Meta Platforms NASDAQ:META may have a better AI-cloud opportunity in renting out excess compute than trying to become a full-scale hyperscaler, according to Morgan Stanley analyst Brian Nowak.Nowak believes Meta is more likely to build a neocloud business, focused on leasing GPU-powered AI capacity…
Amazon.com Inc NASDAQ:AMZN:
Microsoft NASDAQ:MSFT is cutting about 2.1% of its workforce, or roughly 4,800 jobs, the latest in a wave of tech layoffs as the Windows maker spends heavily on AI infrastructure and uses the technology to improve efficiency across its business.Big Tech's historic AI outlays, set to top $700 billio…
Morgan Stanley said the recent weakness in U.S. semiconductor stocks is a sign that the market gains are broadening, with investors likely to turn toward AI "hyperscalers" as well as consumer discretionary, transport and biotechnology shares.In a note dated Monday, the brokerage said hyperscalers —…
The artificial intelligence boom has a people problem, and it is getting worse faster than most investors have noticed.While Wall Street has spent the better part of three years fixating on chip stocks, hyperscaler spending, and the relentless march of AI valuations, a less glamorous drama has been…
Tesla NASDAQ:TSLA said on Friday its robotaxi was available in Miami, as the electric vehicle maker looks to expand its autonomous ride-hailing operations.The expansion highlights Tesla's efforts to increase adoption of its self-driving software, a version of which it uses in the robotaxis and a ke…
