Microsoft likely to reveal ChatGPT-related service at event on Tuesday

Microsoft CEO Satya Nadella speaks at the company’s Ignite Spotlight event in Seoul on Nov. 15, 2022. Nadella gave a keynote speech at an event hosted by the company’s Korean unit. SeongJoon Cho | Bloomberg | Getty Images Microsoft on Monday confirmed plans to host a news event that could be related to the AI chatbot ChatGPT Tuesday, just minutes after Google unveiled its competing AI software called Bard. Microsoft’s head of PR confirmed the existence of the event in a tweet Monday, but did not confirm what it’s about.…

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Cloud leaders Amazon, Google and Microsoft show the once-booming market is cooling down

Amazon CEO Andy Jassy speaks at the Bloomberg Technology Summit in San Francisco on June 8, 2022. David Paul Morris | Bloomberg | Getty Images As growth in traditional tech equipment and software slowed to a trickle in recent years, cloud computing gobbled up spending, reflecting a dramatic change in how companies were choosing to run applications and store data. But in the past two weeks, the biggest names in cloud infrastructure issued clear warnings to suggest that the frenetic expansion of the past half-decade is cooling. Historically high inflation…

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Tech stocks just finished a five-week rally — the longest stretch since market peak in Nov. 2021

Tech stocks on display at the Nasdaq.  Peter Kramer | CNBC The Nasdaq just wrapped up its fifth straight week of gains, jumping 3.3% over the last five days. It’s the longest weekly winning streak for the tech-laden index since a stretch that ended in Nov. 2021. Coming off its worst year since 2008, the Nasdaq is up 15% to start 2023. The last time tech stocks enjoyed a rally this long, investors were gearing up for electric carmaker Rivian’s blockbuster IPO, the U.S. economy was closing out its strongest…

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Activision Blizzard pays SEC $35 million to settle probe

Bobby Kotick, CEO of Activision Blizzard, attends the Allen & Company Sun Valley Conference on July 8, 2022, in Sun Valley, Idaho. Kevin Dietsch | Getty Images News | Getty Images Video game developer Activision Blizzard agreed to pay a $35 million settlement over charges it failed to maintain “adequate” workplace harassment reporting procedures and that it violated federal whistleblower protection rules, the Securities and Exchange Commission said Friday. The SEC claimed workplace misconduct complaints were neither collected nor analyzed employee complaints as expected by public disclosure regulations. “Moreover, taking…

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Bill Gates says Elon Musk’s ambition to colonize Mars is not a good use of money

SpaceX CEO Elon Musk speaks during the 67th International Astronautical Congress in Guadalajara, Mexico. Susana Gonzalez | Bloomberg | Getty Images Bill Gates questioned whether Elon Musk’s current priorities would make him a good philanthropist, taking issue with his fellow billionaire’s ambition to send people to Mars. In an interview with the BBC, set to be broadcast on Friday evening, the Microsoft co-founder was asked if he thought Musk would qualify as a philanthropist. Gates responded saying he doesn’t think Musk is one currently but that this may change in…

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Google CEO promises new AI features are coming to search ‘very soon’ amid competition from ChatGPT

Alphabet CEO Sundar Pichai gestures during a session at the World Economic Forum (WEF) annual meeting in Davos, on January 22, 2020. Fabrice COFFRINI | AFP | Getty Images Alphabet and Google CEO Sundar Pichai said Thursday that the company will soon add advanced AI features to its search engine. On Tuesday, CNBC reported that Google is testing some of these features with employees as part of a “code red” plan to respond to ChatGPT, the popular chatbot backed in part by Microsoft. They include a chatbot called “Apprentice Bard,”…

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Amazon’s cloud business reports 20% growth in fourth quarter, missing estimates

Amazon Web Services CEO Adam Selipsky delivers a keynote address during the AWS re:Invent conference in Las Vegas on Nov. 29, 2022. Noah Berger |Getty Images Amazon said revenue in its cloud unit increased by 20% in the fourth quarter, a slower pace than analysts had projected and more sluggish than the 27.5% growth rate in the third quarter. Cloud growth appears to be moderating along with other parts of the technology industry that boomed over the past decade and accelerated in the pandemic, when businesses adopted services that could…

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Amazon to report quarterly results after market close

Andy Jassy, CEO of Amazon, speaks at the ceremonial ribbon cutting prior to tomorrow’s opening night for the NHL’s newest hockey franchise the Seattle Kraken at the Climate Pledge Arena on October 22, 2021, in Seattle. Bruce Bennett | Getty Images Sport | Getty Images Amazon will report fourth-quarter earnings after the market close on Thursday. Here’s what analysts are expecting: Earnings: 18 cents per share, according to Refinitiv estimates Revenue: $145.42 billion, according to Refinitiv estimates Amazon Web Services: $21.87 billion, according to StreetAccount Advertising: $11.38 billion, according to…

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Alphabet set to report fourth-quarter results after the close

Sundar Pichai, chief executive officer of Alphabet Inc., speaks during the CEO Summit of the Americas hosted by the US Chamber of Commerce in Los Angeles, California, US, on Thursday, June 9, 2022.  Kyle Grillot | Bloomberg | Getty Images Google parent Alphabet will report fourth-quarter earnings Thursday after the close of regular trading. Here’s what analysts are expecting: Earnings: $1.18 per share, according to Refinitiv estimates. Revenue: $76.53 billion, according to Refinitiv estimates. YouTube advertising revenue: $8.25 billion, according to StreetAccount estimates. Google Cloud revenue: $7.43 billion, according to StreetAccount…

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ChatGPT introduced AI to the masses and it’s already affecting us

In just a couple of months, the question-and-answer chatbot ChatGPT has become so popular that it’s not unusual for users to see a message saying it’s at capacity and can’t handle any more queries. According to UBS, ChatGPT was averaging about 13 million visitors per day by the end of January. OpenAI, the San Francisco-based startup behind ChatGPT, has some big backers including LinkedIn co-founder Reid Hoffman and Khosla Ventures. Microsoft also has invested in the company and has reportedly considered adding ChatGPT to its Bing search engine. related investing…

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