OpenAI and its main backer Microsoft are facing at least their second class action lawsuit in San Francisco federal court for allegedly breaking several privacy laws in developing OpenAI's popular chatbot ChatGPT and other generative artificial intelligence systems.
European Union (EU) antitrust regulators are preparing for a clampdown on anti-competitive practices in the digital economy and have put the world’s big tech firms on notice. The EU today listed 22 services that fall under its Digital Markets Act, and companies including Apple (AAPL ), Amazon.com (AMZN ), Meta...
Artificial intelligence has captured the world's attention in 2023, and that's been a boon for a number of big-name AI stocks. But big revenue growth brings competition with it, and that's likely to help one company in particular. In this video, Travis Hoium covers the one AI sto
Microsoft MSFT recently expanded its collaboration with G42 in the UAE. This initiative is aimed at leveraging Microsoft's cloud and artificial intelligence (AI) capabilities, G42's understanding of UAE sovereignty requirements an
Intuit launched an artificial intelligence-powered assistant on Wednesday to help clients in financial decision-making when using its products, ranging from tax-preparation tool TurboTax to bookkeeping software QuickBooks.
The EU Commission on Wednesday designated 22 services of six major tech companies as "gatekeepers" of online services providing messaging to video sharing in its latest crackdown on Big Tech.
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Silicon Valley-based artificial intelligence chip startup d-Matrix has raised $110 million from investors that include Microsoft Corp at a time when many chip companies are struggling to raise cash.
The EU Commission on Wednesday designated 22 services of six major tech companies as "gatekeepers" of online services providing messaging to video sharing in its latest crackdown on Big Tech.
Wall Street professionals and everyday investors are constantly on the lookout for companies, or groups of companies, that consistently outperform the broader market. For much of the past decade, this preeminent group of outperformers was the "FAANG stocks."
Salesforce stock (NYSE: CRM) has gained 67% YTD, as compared to the 17% rise in the S&P500 over the same period. Further, at its current price of $221 per share, it is trading 8% below its fair value of $242 – Trefis’ estimate for Salesforce’s valu
Microsoft (MSFT) closed at $333.55 in the latest trading session, marking a +1.49% move from the prior day. This change outpaced the S&P 500's 0.42% loss on the day. Elsewhere, the Dow lost 0.56%, while the tech-heavy Nasdaq l
What happened
Companies often benefit when a big peer is cut down to size, and that was the case with several specialty tech stocks on Tuesday. One of these was Zoom Video Communications (NASDAQ: ZM), which saw its shares outperform the slumping S&P 500 index by rising nearly
The NASDAQ 100 After Hours Indicator is down -17.68 to 15,490.56. The total After hours volume is currently 70,202,852 shares traded.The following are the most active stocks for the after hours session: Amazon.com, Inc. (AMZN) is -0.02 at $137.25, with 2,508,157 shares traded. O
The market is divided between views on the true health of the U.S. economy. Mostly, investors are becoming more certain that the economy will avoid a recession in 2023. However, some remain skeptical about whether the economy can
Microsoft MSFT is reportedly making efforts to keep the Bing search engine off the European Union's (EU) gatekeeper list, which would subject it to new obligations and regulations under the Digital Markets Act (DMA).The DMA is an
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Microsoft Corporation (Symbol: MSFT), where a total of 270,891 contracts have traded so far, representing approximately 27.1 million underlying shares. That amounts to a
Of all the drivers of the S&P 500’s growth so far this year, internet-focused firms have perhaps contributed the most. The key market index has grown 18% year-to-date as of Tuesday, with big internet tech names like Microsoft (MSFT) and Amazon (AMZN) contributing significantly. The global internet ETF OGIG has benefitted this year, including U.S. [...]
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