On Monday, C3.AI Inc AI reported second-quarter revenue of $93.34 million, beating analyst consensus of $91.02 million. The company reported a quarterly EPS loss of 6 cents, beating analyst loss estimates of 16 cents.
Microsoft investors turned down six shareholder proposals at its annual meeting Tuesday, three of them focused on the risks of artificial intelligence to its business.
Tom Siebel, CEO of C3 AI (AI), talks about the direction the company is heading after reporting an earnings beat. The company's strategic alliance with Microsoft (MSFT) is one partnership Tom expects to help C3 AI thrive in enterprise A.I.
It's a day for tech in today's Big 3 as Joe Tigay looks into names he believes will lead in A.I.'s continued dominance.
Microsoft (MSFT) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Revenue for the latest quarter was $94.3 million, ahead of Wall Street's $91 million forecast.
I maintain a "Buy" rating on Microsoft stock, despite its stock lagging the broader market. Microsoft's Q4 FY2024 results showed robust growth in cloud and AI, with Azure and AI services driving significant revenue increases. Near-term challenges like Azure's capacity issues and OpenAI losses are temporary; I expect growth to reaccelerate in 2H FY2025 with new data centers.
While Bloomberg Intelligence is forecasting the Magnificent Seven's earnings growth — Meta Platforms (META), Microsoft (MSFT), Alphabet (GOOGL, GOOG), Amazon (AMZN), Apple (AAPL), Nvidia (NVDA), Tesla (TSLA) — to drop from 2024's 34% to 18% in 2025, will the group of tech stocks be as pivotal for the S&P 500 (^GSPC) in the new year? "They're obviously important for the market, but they're not critical for the market's success.
The enterprise software company narrowed its quarterly loss and posted a 29% revenue jump, saying the business is about to reap greater successes.
OpenAI said on Monday it has released its artificial intelligence model, which creates video from text, to ChatGPT Plus and Pro users, expanding its foray into multimodal AI technologies.
CNBC's Steve Kovach joins 'The Exchange' to report on OpenAI releasing its video generation tool.
OpenAI, which burst into the mainstream last year thanks to the viral popularity of ChatGPT, introduced Sora in February. The AI video-generation model works similarly to OpenAI's image-generation AI tool, DALL-E: A user types out a desired scene, and Sora will return a high-definition video clip.