Microsoft’s Q3 results surpassed estimates for both revenue and earnings. But the revenue forecast for Q4 was less than anticipated, with the company reportedly projecting $64 billion, which is below the consensus of $64.5 billion – (only just). Revenue: $61.86 vs. $60.80 billion expected Earnings per share: $2.94 vs. $2.82 expected Additionally,Read More →
Meta’s complimentary artificial intelligence (AI) assistant, known as Meta AI, is being introduced across its social media platforms, including WhatsApp, Instagram, Facebook, and Messenger. The assistant is reportedly designed to respond to queries, craft animations, and produce ‘high-quality’ images, according to Meta CEO Mark Zuckerberg in a recent video posting.Read More →
Nvidia, manufacturer of one of the most advanced graphics processing units (GPUs), has significantly benefited from the artificial intelligence (AI) surge due to the high demand for its microchips. The company’s shares have fallen 10% from their recent all-time high, which was over $950. On Tuesday, 9th April 2024, theRead More →
The Magnificent Seven, or MAMA ANT, is a term coined by Bank of America to describe the seven most dominant tech companies in the world The Seven are: Microsoft, Amazon, Meta Platforms, Apple, Nvidia, Tesla, and Alphabet. These companies have not only led the tech sector in terms of innovation,Read More →
U.S. microchip giant Advanced Micro Devices (AMD) is investing in AI PCs to take on the likes of Nvidia and Intel and Arm as the AI race gains momentum. As the AI market expands so too will AI powered personal computer (PC). These are personal computers embedded with processors specifically designed to perform AI functions suchRead More →
Nasdaq 100 futures declined around 0.75%. S&P 500 futures were also down around 0.4% In after-hours trading, shares of Alphabet dropped more than 5%, while Microsoft slipped 2% after the tech giants, part of the Magnificent Seven posted quarterly earnings. However, both companies achieved on both top and bottom lines. However, advertising revenue for Alphabet came short ofRead More →
That’s reassuring then, and they are creating it Leaders at some of the world’s leading artificial intelligence (AI) companies are expecting a form of AI on a par with, or even exceeding human intelligence to arrive sometime in the near future. But what it will eventually look like and howRead More →
The Magnificent Seven is a term coined to describe the seven most valuable and popularly owned tech companies in the U.S. stock market. It was also a 1960’s movie… The Seven Apple (AAPL) The world’s largest software company, known for its iPhone, iPad, Mac, Apple Watch, AirPods, and other devices, asRead More →
U.S. news organisation the New York Times is suing ChatGPT-owner OpenAI over claims its copyright was infringed to train the system. The New York Times has filed a lawsuit against OpenAI and Microsoft for using its news stories to train chatbots without permission or compensation. The lawsuit claims that the defendantsRead More →
In 1993, amidst the hustle and bustle of family life and work commitments, I distinctly recall contemplating that should I have any disposable income, I would invest it in these particular stocks. I worked in tech running my own business and Microsoft was one of the businesses I wondered about,Read More →
Intel’s new chip will go head-to-head with Nvidia and AMD Intel unveiled new computer microchips on Thursday 14th December 2023, including Gaudi3, a chip for generative AI software. Intel also announced Core Ultra chips, designed for Windows laptops and PCs, and new fifth-generation Xeon server chips. Intel’s server and PCRead More →
Meta, OpenAI, and Microsoft said they will use AMD’s newest AI chip, the Instinct MI300X. An indication that tech companies want alternatives to the expensive Nvidia graphics processors that have been essential for artificial intelligence (AI). If the MI300X is good enough and inexpensive enough when it starts shipping earlyRead More →
Amazon Web Services (AWS) announced Trainium2, a chip for training artificial intelligence (AI) models, and it will also offer access to Nvidia’s next-generation H200 Tensor Core graphics processing units. Amazon’s AWS cloud department of the encompassing Amazon empire has announced new chips for customers to build and run artificial intelligenceRead More →
Sam Altman, the former CEO of OpenAI, who was fired last week in a controversial board decision. According to the latest reports, Altman is joining Microsoft to lead a new AI research team that will focus on advanced and ethical AI development. Altman is a well-known entrepreneur and investor whoRead More →
Microsoft has confirmed problems with accessing its Xbox gaming platform and Teams messaging app in the UK and Europe have now been resolved. More than 1500 people in the UK reported issues with Xbox Live, according to the outage tracker Downdetector. A similar number also said there were problems withRead More →
Microsoft ended Tuesday’s trading session at a record high of $360.53, following fresh optimism about growth from a key partner in artificial intelligence (AI). The increase gives the company a market value of about $2.68 trillion. At a tech event on Monday 6th November 2023, Microsoft’s AI partner, OpenAI, announced aRead More →
An old well established and trusted tech brand pivoting to AI that has a high dividend yield is IBM, which has been around for more than a century and is known for both its hardware and software products. IBM is investing heavily in AI, cloud computing, and quantum computing, and hasRead More →
Apple and generative AI technology is a topic that has been generating a lot of interest and speculation lately. According to various reports, Apple is working on developing its own large language model and chatbot, which could potentially enhance its products and services with new features and capabilities. However, someRead More →
Microsoft has said it will contest a U.S. tax authority’s request to pay an additional $28.9 billion (£23.5 billion) in back taxes for the years 2004 to 2013. The Internal Revenue Service (IRS) has been auditing how the firm allocates profits among countries and jurisdictions. Microsoft reportedly said, ‘the issues raised byRead More →
Gaming industry’s biggest ever takeover deal Microsoft’s $69 billion revised offer to buy Call of Duty-maker Activision Blizzard has been approved by UK regulators. The Competition and Markets Authority (CMA) said the deal addressed its concerns, after the watchdog blocked the original $69bn (£59bn) bid in April 2023. The greenRead More →
The Magnificent Seven tech stocks These are the seven largest U.S. listed companies in the technology sector. Apple, Microsoft, Amazon, Alphabet, Nvidia, Tesla and Meta Platforms. According to a report released Monday 2nd October 2023, these tech’ stocks have seen their valuation drop relative to the median stock in theRead More →
I can see and hear and speak… OpenAI’s ChatGPT can now ‘see, hear and speak,’ or, at least, understand spoken words, respond with a synthetic voice and process images, the company announced Monday 25th September 2023. The update to the chatbot OpenAI’s biggest since the introduction of GPT-4, allows users to opt intoRead More →
E-commerce conglomerate Amazon announced on Monday 25th September 2023 that it will invest up to $4 billion in artificial intelligence (AI) firm Anthropic, a rival to ChatGPT developer OpenAI, and take a minority ownership position in the company. The move further enforces Amazon’s aggressive AI push as it aims toRead More →
Reports suggest as much as $3 trillion is waiting on the sidelines to be invested in tech’. AI FOMO The reasoning is that AI is driving a fear of missing out (FOMO). We could very well be experiencing the fourth industrial revolution right now, and it is AI-driven. Strategically, companiesRead More →
Top tech stocks The Magnificent Seven is a term to describe seven tech’ stocks that have been surging in 2023. Dominant These seven stocks are considered to be dominant in their respective fields and have strong growth prospects driven by innovation and artificial intelligence (AI). They have outperformed the broaderRead More →
More than 6 million users already Baidu also announced that more than 6 million users have used an AI powered tool that sits inside its Google drive-like cloud product. At the 4th September event, Baidu also demonstrated ‘displayed generative’ AI-based products that could assist with traffic management, financial research andRead More →