Technology majors Meta, Alphabet, and Microsoft unveiled their earnings for the first quarter of 2024. Artificial intelligence (AI) continued to be a major spending area for all three companies.Let's break down the earnings reports:FinancialsGoogle: Google's parent, Alphabet, reported strong financial results for the first quarter of 2024. Profits reached $23.7 billion on revenue of $80.5 billion, with growth attributed to cloud computing, YouTube, and continued strength in online search...
Amid Donald Trump's criminal trial, Fox News host Maria Bartiromo confronted Representative Jim Jordan, an Ohio Republican and House Judiciary Committee chairman, on Sunday about the hush money case and for conducting "congressional investigations that go nowhere," adding that people are "sick" of it.Trump, the presumptive 2024 Republican presidential nominee, became the first former president in U.S. history to stand trial in a criminal case earlier this month. Following an investigation by...
Fox News host Maria Bartiromo confronted House Judiciary Committee Chair Jim Jordan (R-OH) for conducting "investigations that go nowhere." During the Sunday Morning Futures program on Fox News, Bartiromo said Americans were upset at the prosecutions of former President Donald Trump. "Well, look, I mean, at this point, American citizens are asking, what can you do about it?" Bartiromo challenged the chairperson. "I mean, look, with all due respect, people are sick and tired of...
Equities ended the week on an up note thanks to some of the market's biggest names.
European Union antitrust chief Margrethe Vestager, who has been looking into Big Tech's partnerships with AI start-ups, met on Friday fast-growing French start-up company Mistral AI and said the sector needs more competition. In February, Microsoft invested $16 million in Mistral AI and partnered with them to make its artificial intelligence models available through its Azure platform. It has also invested in ChatGPT owner OpenAI. Other high-profile AI partnerships include Amazon and Google's...
Larry Nassar's gymnastics victims will receive nearly $139 million in settlements from the Department of Justice over the botched FBI investigation into the disgraced former Team USA gymnastics doctor and convicted sex offender
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Big tech share prices were dented by a sector-wide sell-off of risky assets last week, ahead of earnings results for some of the 'Magnificent Seven'.
Experts say tech outages do seem to be happening more often.
Lyft partnered with tech companies to offer needed services to refugees.
Premier consultancy McKinsey & Company is under investigation by the US Department of Justice for its past work advising opioid manufacturers on how to juice sales, The Wall Street Journal reported on Wednesday.The probe is also investigating whether the firm or its employees obstructed justice relating to record-keeping.McKinsey has long been under scrutiny for its yearslong work with various drugmakers, including Purdue Pharma. The consultancy has paid nearly $1 billion to all 50 states,...
Donald Trump’s valet Walt Nauta was told that if he was charged with lying to the FBI, the former president would pardon him when he won a second term in 2024, according to notes from an interview with a witness in the federal classified documents investigation. CNN panel discusses.