Amazon CEO explains how the company will compete against Microsoft, Google in A.I. race
Amazon CEO Andy Jassy told CNBC the company has an edge in AI through its custom chips and services targeted for developers of large language models.
Microsoft CFO Amy Hood warned employees not to ‘build a gold toilet’
Microsoft was in fact working on a gold toilet, the CEO of gaming at Microsoft said in an email as the company was preparing to test cloud streaming.
FDA approves Alzheimer’s drug Leqembi, paving way for broader Medicare coverage
Leqembi slowed cognitive decline in a clinical trial, but the treatment is expensive and carries serious risks of brain swelling and bleeding.
EU regulators open antitrust probe into Amazon’s $1.7 billion iRobot deal
The announced probe of Amazon’s purchase of iRobot marks the latest regulatory hurdle for large tech companies as they seek to expand.
Mortgage rate soars to 7.22% after strong economic data
The average rate on the popular 30-year fixed mortgage hit 7.22%, according to Mortgage News Daily.
Morgan Stanley raises Microsoft stock outlook above $3 trillion because of A.I.
Morgan Stanley raised its price target on Microsoft shares to a Street high $415, implying the company’s market cap will exceed $3 trillion.
Job openings fall by half a million
The closely watched JOLTS report showed that listings fell to 9.82 million, down 496,000 from April.
Threads, Meta’s Twitter competitor, is not yet available in the EU due to regulatory concerns
Mosseri cited “complexities with complying with some of the laws coming into effect next year.”
NHTSA presses Tesla for more records in Autopilot safety probe
US auto safety regulators are demanding more records from Tesla as part of an ongoing investigation into Autopilot safety.
A.I. could mean a ‘decade of health care is upon us.’ Here are some stock picks
Investors hoping to capture more upside from artificial intelligence could turn to a sector that’s underperformed this year: Health care.
