Adobe posts solid quarter, but market doubts its AI optimism
’s fiscal Q2 profit and revenue were both better than expected and the company lifted its full-year sales and earnings guidance, but the stock is still down a fairly gnarly 7% in early trading. Wall S...
Mattel strikes deal with OpenAI for AI-powered toys and games
Barbie and Hot Wheels maker has struck a deal with OpenAI to bring AI-powered toys and games to market. This is the first deal of its kind for OpenAI, though it’s now in the hardware business after a...
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Citi on Palantir: Fundamentals are good, but “we continue to have concerns” about valuation
Citi analysts following published a new note on the stock after sitting down with CFO David Glazer in New York recently. The upshot? The business is doing very well, with fast growth expected for the...
Analyst hikes Palantir price target after conference comments
Mizuho analysts lifted their price target on shares to $116 from $94 on Wednesday, following comments company executives made at the Japanese bank’s technology conference in New York this week. The s...
Tempus AI CEO on the “insanely large” AI healthcare opportunity
has only been public for a year. But it’s a been a big, volatile year. And its big swings — it’s been up as much 120% and down by nearly 40% at times — have put it on the radar screen of some retail ...
OpenAI hits $10 billion in annual recurring revenue
OpenAI announced that it is now pulling in $10 billion in annual recurring revenue, CNBC reports. The impressive revenue stream is driven by consumer, business, and API subscriptions. The company had ...
Walmart is bringing drone deliveries to another 100 stores
Toward the end of last week, alongside an introduction to its generative-AI shopping assistant Sparky and the launch of a new campaign featuring “White Lotus” star Walton Goggins, announced that it w...
The ad agencies are staring down the barrel of AI
The world of advertising feels like one that we all know intimately, with each of us faced with an almost overwhelming bombardment of logos, promos, and ads every single day. But how many advertising ...
DocuSign tumbles despite topping Q1 estimates as demand outlook wobbles
shares sank over 18% Friday morning after the company delivered solid top-line Q1 results but signaled softer momentum ahead. Earnings per share hit $0.90, ahead of FactSet’s $0.81 estimate. Meanwhile...
Uber’s having drivers train its AI while partnering with robotaxi companies that could replace them
, one of the OG tech disruptors, sure appears to be planning to disrupt its own workforce. Speaking at the Bloomberg Tech conference on Thursday, CEO Dara Khosrowshahi said the company’s drivers can n...
Maybe Tesla should be Palantir
If imitation is the sincerest form of flattery, CEO Alex Karp is probably blushing. has recently begun to dabble in the world of defense technology , a clear indication that Palantir’s surging share ...
Report: Amazon plans for robots to ride along in vans and bring packages to your doorstep
Robots, robots, everywhere. Elon Musk thinks his Optimus bipedal humanoid robots will be a $10 trillion industry. is making a huge bet on building the AI tools and hardware to power industrial robots...
ChatGPT is officially clocking more site visits than Wikipedia in the US
A few weeks ago, a pretty shocking chart about ChatGPT leapfrogging Wikipedia was doing the rounds on social media, leading science and tech site Futurism to declare, “ We’re so cooked .” Though the d...
We’re in the “mention AI as soon as you can” stage of business reporting
Productivity software company , which is currently run by Facebook cofounder Dustin Moskovitz, just reported its Q1 earnings, with revenue clocking in at $187.3 million in the first three months of th...
AI upswing pushes Palantir to new record high
AI software vendor and government data and defense contractor closed at another record high on Tuesday, its second consecutive day of new high-water marks, after an upswing in almost all things AI-ad...
Ad agencies fall on news that Meta will launch automated AI ad-creation tool
By the end of next year, hopes to launch a tool that will use AI to create ad campaigns, including creating the ads themselves from scratch, and target desired consumers by entering in only a few det...
Salesforce rises after earnings beat
jumped in after-hours trading following an earnings report that beat Wall Street estimates. The company reported earnings per share of $2.58, more than the $2.22 analysts polled by FactSet were pencil...
Tempus AI hammered by short seller’s report
Tempus AI, a healthcare data and diagnostics company that’s recently piqued the interest of retail traders, plunged Wednesday after bearish hedge fund Spruce Point Capital unloaded a searing report o...
Upstart Holdings CEO Dave Girouard on the rise of the AI lender
Upstart Holdings is OG AI. No, seriously. In the key SEC filing ahead of its IPO way back in December 2020 — two years before ChatGPT took the world by storm — described itself as “a leading, cloud-b...
SoundHound juiced by fresh Wall Street initiation as a buy
Heavily shorted voice AI software company soared in early trading after receiving an “overweight” rating from brokerage firm Piper Sandler, which initiated coverage of the stock with a $12 price targ...