ChatGPT takes on Google, Meta's spending spree, and Microsoft's data center problem: AI news roundup
Major tech companies reported earning results this week including Microsoft and Meta. But weaker-than-expected prospects for the next quarter sent artificial intelligence stocks, including Nvidia’s (NVDA), down on Thursday.
Read about this and more in the AI news roundup.
OpenAI launches its search engine to compete with Google
OpenAI has launched ChatGPT’s ability to search the web, introducing a potential threat to Google’s (GOOGL) search dominance.
Microsoft can’t build data centers fast enough to meet AI demand
Microsoft’s (MSFT) fiscal first-quarter results surpassed Wall Street’s expectations — but data center constraints left investors unimpressed.
Meta is on an AI spending spree. It’s only going to get bigger
Facebook parent Meta Platforms (META) has invested billions of dollars into artificial intelligence as it looks to keep pace with its Magnificent 7 competitors. The tech giant warned that this spending will only grow into next year and beyond.
Microsoft beats earnings expectations thanks to the AI ‘transformation’
Microsoft’s (MSFT) fiscal first quarter results exceeded Wall Street’s expectations thanks to the “AI-driven transformation.”
Meta profits surge 35% as the AI spending spree continues
Facebook parent Meta Platforms (META) saw its profits surge 35% in the third quarter, as it looks to show investors that its multi-billion dollar investments into artificial intelligence are bearing fruit.
Google stock jumps 4% after AI momentum drives earnings
Google (GOOGL) parent Alphabet saw its share price rise almost 5% during midday trading on Wednesday after delivering earnings that surpassed Wall Street’s expectations.
Apple Intelligence is here. Early users are underwhelmed
Michael Hunter, an Atlanta-based real estate marketing professional and Apple (AAPL) power user, has watched Apple’s new Apple Intelligence features evolve from promising to problematic. After a month with iOS 18.1's early release through his developer account, Hunter was impressed by the system’s enhanced Siri capabilities and responsiveness.
Google beats third-quarter earnings expectations on AI momentum
Google (GOOGL) parent Alphabet surpassed Wall Street’s expectations, reporting revenues of $88.3 billion for the third quarter.
OpenAI reportedly is making its first AI chip with TSMC and Broadcom
OpenAI is undoubtedly a winner in the current artificial intelligence boom — and now it’s reportedly developing its own chips to power its growth.
Elon Musk says there’s still a decent chance AI could go bad
As he anticipates the growth of his supercomputer, Elon Musk said there’s a chance artificial intelligence could go bad by the end of the decade.
AI chips and data centers are making America’s water problems worse, JPMorgan says
The artificial intelligence boom is making water strain in the U.S. worse, a new report says — and it could lead to global supply chain disruptions.