AI a productivity boost to banks but making money from it is a challenge
By Isla Binnie and Megan Davies NEW YORK (Reuters) – Artificial intelligence is expected to show big gains in productivity…
Year: 2024
Adobe forecasts fiscal 2025 revenue below estimates on slower subscription spending
(Reuters) – Photoshop maker Adobe forecast fiscal 2025 revenue below Wall Street estimates on Wednesday, indicating the company’s investments to…
Microsoft expects $800 million impairment charge in Q2 2025 over General Motors’ Cruise exit
(Reuters) – Microsoft expects to record an impairment charge of around $800 million in the second quarter of fiscal year…
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Stunning rally in Big Tech drives Nasdaq to 20,000
By Saqib Iqbal Ahmed, Suzanne McGee and Lewis Krauskopf NEW YORK (Reuters) – The Nasdaq Composite Index hit 20,000 for…
Musk’s xAI raises around $6 billion in equity financing
(Reuters) -Elon Musk’s artificial intelligence startup xAI said on Thursday it has raised around $6 billion in equity financing as…
Lilly invests $3 billion to expand Wisconsin plant as obesity drug demand soars
By Patrick Wingrove (Reuters) – Eli Lilly said on Thursday it will invest $3 billion to expand the manufacturing plant…
OpenAI launches $200 ChatGPT subscription for research use
(Reuters) – OpenAI on Thursday launched a version of its popular chatbot ChatGPT priced at $200 per month, which can…
GameStop shares jump as cryptic ‘Roaring Kitty’ post sparks retail interest
(Reuters) – GameStop’s shares jumped on Thursday after a cryptic post from meme stock influencer Keith Gill, who shot to…
Defense firm Anduril partners with OpenAI to use AI in national security missions
By Mike Stone and Aishwarya Jain (Reuters) – Defense technology company Anduril Industries and ChatGPT-maker OpenAI on Wednesday announced a…
Chipotle Mexican Grill lifts menu prices as input costs rise
(Reuters) – Chipotle Mexican Grill said on Wednesday it has raised menu prices by about 2%, as the burrito chain…