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Alphabet, Microsoft earnings show hefty AI bets are driving growth

:Alphabet and Microsoft ignited a rally in technology stocks on Friday with earnings that showed big AI investments were driving growth, allaying doubts that their costly bets would take time to pay off after a soft forecast from Meta Platforms.Alphabet rose 10 per cent, crossing $2 trillion in market value w
Gil Luria Michael Chiang Amy Hood Marvell Technology Amazon Web Services Google Workspace

BMO Capital Markets Boosts Amazon.com (NASDAQ:AMZN) Price Target to $215.00

Amazon.com (NASDAQ:AMZN) had its price target increased by BMO Capital Markets from $205.00 to $215.00 in a report issued on Tuesday morning, Benzinga reports. The brokerage currently has an outperform rating on the e-commerce giant’s stock. Other analysts have also issued reports about the stock. Needham & Company LLC reissued a buy rating and set […]
United States Roth Mkm Shelley Reynolds Adam Selipsky Mcguire Investment Group Income Strategies

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Regulating AI won't protect Americans; it's about Big Tech having a monopoly

The more I read and write about AI, the firmer I get in my conviction that Big Tech incumbents absolutely must strangle the decentralized AI in its cradle before it wrecks everything.Take a look at this interview Ben Thompson did with OpenAIโ€™s Sam Altman and Microsoft CTO Kevin Scott. I call your at...
New York United States Openai Sam Altman Kevin Scott Ben Thompson Amazon Web Services

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