Generative artificial intelligence News & Breaking Stories

Amazon AMZN set to report first-quarter 2024 results on Apr 30. Stock rising on online retail dominance, cloud computing, generative AI.

AI startup Cognition Labs introduces Devin, an autonomous coding agent challenging traditional programmers, potentially reshaping the future of software engineering.

Investors should pay close attention to the vulnerabilities of AMD stock amid the AI boom and potential value destruction.

"Nvidia's stock takes a hit as it loses $78 billion in market value, but Wall Street continues to bet big on AI."

Google rebrands Bard as Gemini, launches Gemini Advanced to compete with OpenAI and Microsoft, offering personal tutoring and content generation.

Retailers should not fear new technology, but embrace it. Customization, training, and newness should not prevent them from implementing innovative solutions.

Deepfake images of Taylor Swift highlight the urgent need for proactive measures against AI-generated fake content. Spread the word!

Evercore says 'Big Blue is back.' But not everyone is convinced. IBM's stock jumped 11.2% higher after strong forecast.

Elon Musk's xAI has secured $500 million in new funding. Musk is also in a race with OpenAI to bring generative AI to market.

Google Assistant and hardware divisions like Pixel Phone and FitBit are losing employees. Layoffs are part of an industry trend.

Nvidia's stock hits an all-time high before announcing Q3 earnings. The AI chip maker is expected to triple its revenue.

Nvidia Corporation reported strong quarterly earnings, with revenue up by more than 200%, but shares may not rise further in the near term.

Roula Khalaf, Editor of the FT, shares her favorite stories in this weekly newsletter. Sam Altman's firing at OpenAI causes uproar.

Microsoft stock rises after former OpenAI CEO joins company, despite employees threatening to quit, following a multi-billion-dollar investment in OpenAI.

Emmett Shear, former CEO of Twitch, steps in as interim CEO of OpenAI amid speculation and questions following Sam Altman's departure.

OpenAI board dynamics and leadership changes. CEO Sam Altman fired, Mira Murati appointed interim CEO. Greg Brockman steps down as chairman.

Amazon Web Services (AWS) invests $4 billion in Anthropic for its AI chips, Trainium and Inferentia, and collaboration on future technology.

Chipmaker Nvidia and seven other companies have agreed to a set of artificial intelligence (AI) standards led by the White House. The standards include requirements to disclose AI-generated content, share vulnerabilities, and commit to external testing before releasing products. The companies joining the agreement include Adobe, Palantir, IBM, and Salesforce. The White House has been engaging with industry on AI development and is promoting steps to ensure AI safety and security. The agreement will go into effect immediately and requires companies to prioritize research into minimizing harm and addressing security challenges.

Nvidia's Q2 earnings exceeded expectations, with revenue at a record $13.51bn, 101% YoY growth, and a 429% YoY increase in earnings per share.

Amazon's shares surged nearly 8% after the company reported a net profit of $6.7 billion in Q2, compared to a loss of $2 billion last year. The company's revenue increased 11% to $134.4 billion.