Wall Street was poised to kick of the week with gains as investors focused on the latest deluge of corporate earnings.
Spending on lobbying to shape AI policy in Washington is soaring—and tech
Microsoft beat Wall Street estimates for third-quarter revenue and profit on Thursday, driven by gains from adoption of artificial intelligence across its cloud services, and the company's shares jumped more than 4% in extended trade. Executives forecast ranges for current quarter cloud revenue that were mostly above Wall Street targets. The rise in Microsoft shares after the bell lifted the company's stock market value by $128 billion as profit and revenue growth overshadowed its...
After Meta’s stock meltdown late Wednesday afternoon and Thursday, the tech sector is roaring back in after-hours trading on the strength of strong earnings reports from Alphabet, Microsoft, and Snap. Snap shares were up more than 30% after its earnings release, and Alphabet was up 13%. Microsoft shares, meanwhile, jumped 5.5%. There were numerous reasons for the surges. Alphabet announced its first-ever dividend (of 20 cents per share) and a $70 billion stock buyback. And Snap gave...
US banks notified their regulator of 26 closures and only six openings in a week. TD Bank said it would shut 20 branches, scattered along the East Coast. Has your local branch closed recently? Write to
Microsoft and Amazon asked to comment on tie-ups, a move that paves way for formal investigationThe UK competition watchdog has stepped up its scrutiny of big tech involvement in artificial intelligence startups, asking for comment on three deals by Microsoft and Amazon.The Competition and Markets Authority (CMA) announced that it was examining Microsoft’s investment in the French firm Mistral and the hiring of the DeepMind co-founder Mustafa Suleyman as head of the US company’s new AI division....
“Power demand from data centers has already been humongous, then came the AI hype and the need for power skyrocketed."
Smaller artificial intelligence (AI) models, like Microsoft’s recently unveiled Phi-3-mini, are proving that bigger isn’t always better for business applications. These lightweight, efficient models can tackle content creation and data analysis without the hefty computational requirements and costs associated with their larger counterparts, experts say, making AI more accessible and cost-effective for businesses. “Small language models have a lower probability of […]
Microsoft’s 3.8B parameter Phi-3 may rival GPT-3.5, signaling a new era of “small language models."
TOKYO (AP) — Asian shares were trading higher Monday amid optimism over the rally that ended the week on Wall Street, although eyes were on the Federal Reserve policy meeting set for later this week.
"And that's why it was kind of shocking to see bond yields rise on a day where GDP was a big miss."
The bank on Queen Street was one of three in Leeds - along with branches in Horsforth and Ilkley - and 114 HSBC offices across the UK to close last year and shut its doors for the final time on August 22. A new planning application submitted to Leeds City Council by Jennings Investments Ltd. outlines extensive plans for the now vacant space to be transformed into a commercial unit on the ground floor, as well as eight apartments on the ground and upper floors. The Grade II listed building, which...