Meta's shares haven't slowed down in 2025, extending last year's gains. The company's focus on efficiency and cost-cutting in 2023 paid off big time, with a significant boost in operating margins and even a first-ever dividend. Despite some setbacks early in the year, the stock rebounded, fueled by investor enthusiasm for Meta's potential in artificial intelligence a...
After a long wait, a top tech fund manager is spotlighting his favorite picks in the tech sector. Tony Wang, the wizard behind T. Rowe Price's science and technology strategy, sees a thrilling shift happening. He believes companies are now focusing more on software and app developers who are busy launching and integrating AI products. This change in focus comes after...
Tech company Nvidia is in discussions with Elon Musk about investing in his AI startup, xAI. This startup is the power behind the Grok chatbot on Musk's X social network. According to reports, xAI is looking to raise billions of dollars, aiming for a valuation of around $40 billion. The company has been talking to venture firms and strategic investors, including Nvid...
Wall Street analysts are buzzing about Amazon's third-quarter earnings. The tech giant scored big, causing its stock to jump more than 6%. Amazon Web Services (AWS), the company's cloud segment, missed some revenue predictions but still grew nearly 20% compared to last year. Amazon is spending heavily on AI, with capital expenditures soaring 81% to a whopping $22. 62...
Google, part of Alphabet Inc. , is making big money, mostly thanks to its search engine. In the last three months of the year, Alphabet made $26. 3 billion, which is 34% more than last year. And their sales went up by 15% to $88. 27 billion. This growth is partly because Google is investing heavily in artificial intelligence (AI). Google is spending a lot on AI to st...
Tech giants like Microsoft, Meta, Amazon, and Apple are splashing out billions on artificial intelligence (AI). It's not just about making more money; they're investing heavily in AI development. Meta, for example, plans to spend $40 billion on AI next year alone. Even Microsoft is cautious, warning that its partnership with OpenAI could lead to losses. When Amazon a...
Dropbox, a well-known file-sharing service, has recently let go of more than 500 employees. This latest round of layoffs comes after a similar move just over a year ago. The company's CEO, Drew Houston, cited several reasons for the job cuts, including a decrease in demand and economic challenges. Dropbox is going through a transition phase, moving from its tradition...
It's Halloween season, and the tech world is about to reveal its biggest secrets. Major players like Google, Microsoft, and Meta are set to report their earnings, showing whether their massive investments in artificial intelligence (AI) are paying off or just wasting cash. This earnings quarter, dubbed the "show me the money" period by analysts, comes at a critical t...
Microsoft has been making headlines for laying off over 2, 500 gaming division workers this year. Meanwhile, the company's CEO, Satya Nadella, received a massive $79 million bonus. This bonus is a significant increase from last year's $48. 5 million. The company, now worth a staggering $3 trillion, attributes this success to investments in AI and dominance in workpla...
The U. S. government is in the final stage of reviewing new rules aimed at controlling investments in China's sensitive technologies. These technologies include artificial intelligence, semiconductors, microelectronics, and quantum computing. The proposal, under review by the Treasury Department, requires U. S. companies to notify the government about investments in ...