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Bloomberg96d agoneutral
Micron Earnings Take on New Gravity With Market on Edge Over AI

(Bloomberg) -- Micron Technology Inc.’s earnings report on Wednesday afternoon is shaping up to be one of the most important in months as investors find themselves suddenly on edge over the sustainability of the AI rally.Most Read from BloombergStocks Slide as Wall Street Gets AI Wake-Up Call: Markets WrapOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some Roles‘FOMO Really Got Me’: Taiwanese Go Deep Into Debt to Amp 100% Stock RallySpaceX Falls for Third Day, Erases $600 Billion in Marke

Bloomberg96d agoneutral
ByteDance Seeks $20 Billion in Its Largest-Ever Offshore Loan

(Bloomberg) -- ByteDance Ltd., the developer of TikTok, is in preliminary talks with banks for a borrowing of about $20 billion, people familiar with the matter said, in what would be the firm’s largest offshore loan yet at a time when it’s boosting investments in artificial intelligence.Most Read from BloombergStocks Slide as Wall Street Gets AI Wake-Up Call: Markets WrapOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some Roles‘FOMO Really Got Me’: Taiwanese Go Deep Into Debt to Amp 100%

Race for robotaxi market arrives in London
AFP96d agoneutral
Race for robotaxi market arrives in London

Bristling with sensors and electronic eyes, robotaxis are appearing on London's streets, slipping silently between red buses and black cabs, as companies battle to lead Europe's emerging autonomous vehicle market.McNamara said robotaxis will ultimately become "a tourist attraction", adding that autonomous vehicles tend to wait until roads are completely clear before pulling out.

Ross Gerber Calls Waymo 'Way Safer And Better' Than Tesla's FSD, Questions Whether Elon Musk Can 'Catch Up'
Benzinga96d agoneutral
Ross Gerber Calls Waymo 'Way Safer And Better' Than Tesla's FSD, Questions Whether Elon Musk Can 'Catch Up'

Investor Ross Gerber of Gerber Kawasaki has hailed Alphabet Inc.-backed Robotaxi service Waymo ahead of Elon Musk-led Tesla Inc., saying the former is better at navigating Los Angeles traffic. Can Tesla Catch Up? In a post on X on Sunday, Gerber shared that he had been using Waymo recently to commute. The Gerber Kawasaki co-founder shared that the Robotaxis drove better than human drivers in LA. “Interestingly they’ve trained it to avoid some difficult areas and turns where tesla tries and fails

Alphabet, Google's Parent, Is Joining the Dow
The Wall Street Journal97d agoneutral
Alphabet, Google's Parent, Is Joining the Dow

Google parent Alphabet will be added to the Dow Jones Industrial Average beginning Monday, the index’s operator, S&P Global, said Tuesday. The company represents the fifth of the so-called Magnificent Seven growth stocks to enter the price-weighted index, which has historically been less vulnerable to tech swings than the Nasdaq Composite Index or the S&P 500. “Adding Alphabet will broaden and strengthen the DJIA’s exposure to these dynamic areas of the U.S. economy,” S&P said in a written statement.

Google's YouTube settles case over social media harm to children
Reuters97d agoneutral
Google's YouTube settles case over social media harm to children

Google's YouTube has settled a lawsuit brought by a minor who claimed the platform damaged his mental health, his lawyers said Tuesday, ahead of a second California trial over social media's role in the youth ‌mental health crisis. The suit named ‌four defendants — YouTube, Meta's Instagram, Snap Inc's Snapchat and ByteDance's TikTok — and the remaining three companies are still set to face trial in July. Google spokesperson Jose Castaneda said in a ​statement that the lawsuit had been amicably resolved.

Billionaire Hedge Fund Manager: AI Could Produce the First $10 Trillion Company as We Enter the “Intelligence Age”
24/7 Wall St.97d agoneutral
Billionaire Hedge Fund Manager: AI Could Produce the First $10 Trillion Company as We Enter the “Intelligence Age”

Philippe Laffont, billionaire founder and portfolio manager of Coatue Management, framed artificial intelligence as the defining economic shift of the coming decades and predicted that the first $10 trillion company is on the horizon. Laffont argues AI is the “Intelligence Age,” following the Industrial Age that ran a couple hundred years and the Information Age ... Billionaire Hedge Fund Manager: AI Could Produce the First $10 Trillion Company as We Enter the “Intelligence Age”

The lessons that wearable tech companies can learn from FitBit
Yahoo Finance Video97d agoneutralVIDEO
The lessons that wearable tech companies can learn from FitBit

Health Tech Advisory and Industry Analyst Stephanie Davis comes on Market Domination to assess the state of the wearable technology industry, commenting on the lessons that the companies in this space can learn from FitBit's past. FitBit was acquired by Alphabet (GOOG, GOOGL) in 2021.

Worried About Amazon’s AI Bill? What If It’s Already Paid For?
Trefis97d agoneutral
Worried About Amazon’s AI Bill? What If It’s Already Paid For?

If you follow Amazon.com (AMZN) stock, you’ve heard the main worry. The company is spending a fortune to build out its artificial intelligence infrastructure, and with the stock having trailed the index over the past year, investors are clearly nervous about the size of the bill. The price appears to give little credit for this investment, with a trailing price-to-earnings multiple of 27.5, toward the low end of its 10-year range.