Microsoft drops as data-center constraints crimp cloud revenue growth
For , the problem isn’t the lack of return on AI investments . It’s that even this so-called hyperscaler can’t scale up these capabilities quick enough. Management said that AI services contributed 12...
Zuckerberg lauds “strong momentum” with AI as Meta reports $15.7 billion in profit
reported Q3 earnings, posting a $15.7 billion profit for the quarter — a 35% increase year over year — with revenues of $40.6 billion growing 19% from last year. “We had a good quarter driven by AI ...
Super Micro Computer craters after auditor resigns
Shares of , the server-maker that’s riding the wave of the AI boom, are crumbling after a company filing revealed that Ernst & Young resigned as its auditor. While conducting an audit of its annual re...
AI demand grows Alphabet revenue 15% to $88.3 billion
Google parent third-quarter revenue grew 15% to $88.3 billion, with strong growth in its cloud computing business powered by AI computing demand. “The momentum across the company is extraordinary. Ou...
A glass company rises on demand for fiber-optic cables and data-center boom
Shares of climbed as much as 8% during intraday trading on Tuesday, turning the stock into one of the biggest gainers among S&P 500 stocks. The stock is up more than 64% since the beginning of the ye...
Is the OpenAI and Microsoft partnership at risk?
Two reports today highlight potential trouble brewing with Microsoft’s $13 billion deal with OpenAI. The partnership, which forged a deep strategic and technological alignment between one of the large...
Big Tech is pivoting to nuclear energy. Will the rest of the world follow?
Big Tech is going big on nuclear, with Amazon becoming the newest addition to the club with a $500 million deal, joining Microsoft, Google, and Oracle by investing in nuclear projects to support surgi...
TSMC crushed it, and AI is so back after a grueling two whole days in the wilderness
After rising skepticism over AI — which lasted for two days — shares of AI-related companies rose again , following a blockbuster earnings report from on Thursday. The Taiwan-based company manufactur...
Artificial intelligence is fueling a nuclear renaissance
One of my favorite unexpected developing stories in the artificial-intelligence saga has been the role that AI usage by big tech companies has played in shaping the development of new energy projects ...
Were traders looking for any excuse to buy Nvidia?
Shortly before 11 a.m. ET, Barron’s reported that CEO Jensen Huang completed the sale of 6 million shares of the chip maker that powers the AI boom earlier this month. Soon thereafter, traders pounce...
Did tech's AI obsession accidentally kickstart the next nuclear age?
In 2019 and 2020, big tech companies like Google , Microsoft , and Amazon made “net zero” pledges, stating that they would emit zero carbon emissions by either 2030 or 2040. The generative AI boom of ...
These are the AI companies that the CIA is investing in
A brave anonymous source has leaked a top-secret list of AI companies that the CIA has been pouring millions of investment dollars into. Just kidding… it’s all publicly available on their website. In-...
ChatGPT’s massive energy consumption quantified
The Washington Post, working with researchers from University of California, Riverside, was able to put AI’s massive resource consumption into understandable terms . Writing a 100-word email using Cha...
Musk fires up his power-hungry supercomputer, surprising his neighbors
In a sprawling factory in South Memphis, Tennessee, Elon Musk’s AI startup xAI recently turned on its new “Colossus” supercomputer. Powered by 100,000 H100 GPUs , the supercomputing cluster was comple...
OpenAI’s 1 million Enterprise users don’t come close to covering its massive costs
OpenAI now has more than a million ChatGPT Enterprise users . Hurray! Sort of. That sounds great until you realize how much OpenAI is spending on operating costs: up to $7 billion this year on trainin...
Why Hindenburg Research is betting against AI stock market darling Super Micro
An AI stock market darling is the newest target of Hindenburg Research. was down as much as 8.7% in early trading on Tuesday before paring about half of those losses by 10am ET after the short-selling...
How big tech’s AI capital expenditures compare to other big investments in the past
We all know big tech companies are spending a lot of money investing in AI infrastructure and that capital expenditures are expected to keep growing . But how does this compare to previous investments...
Thirsty: Microsoft's water usage was up 34% last year
Thirst bots Until someone finds a better way to contextualize large volumes of liquid, we’ll put it like this: in 2022, Microsoft consumed enough water to fill over 2,500 Olympic-sized swimming pools...
Great expectations: Nvidia has driven the stock market higher, but can it live up to the hype this week?
Great expectations For much of this year, AI has been the driving force behind much of the positive stock market narrative. Now, that optimism is set to be tested, as Nvidia, the best performing stoc...
Have we passed peak AI?
AI has garnered a lot of ink lately, as media and finance types like us fret over how long the exorbitant investment in the technology will take to reap returns and if its promise could be crushed by ...