Shares of AI-centric companies have been surging as the technology rapidly evolves. AI might be the next big thing, but a stock that has nothing to do with it has been beating some AI stocks handily over the past year.
The demand for AI-capable chips has surged since early last year. Taiwan Semiconductor is the foundry to the AI stars and poised to reap the rewards of the AI revolution.
A broad rally across sectors leads the blue-chip stock index to new highs.
Reddit Inc.'s deal with OpenAI likely reflects the scale of demand for the social media platform's data, according to Deutsche Bank.
Analysts at Macquarie raised their price target on the stock to $475 from $460.
The United Kingdom's Competition and Markets Authority (CMA) will not investigate Microsoft's partnership with artificial intelligence (AI) startup Mistral AI. “The CMA has decided that Microsoft Corporation's partnership with Mistral AI does not qualify for investigation under the merger provisions of the Enterprise Act 2022,” the regulator said in a Friday (May 17) update.
British regulators said Friday they don't need to open a competition investigation into Microsoft's partnership with French artificial intelligence company Mistral, a month after asking for industry feedback on the deal.
The EU on Friday told Microsoft to hand over internal documents or face fines as it examines generative AI risks on the company's search engine Bing ahead of elections.
Advanced Micro Devices, Inc. (NASDAQ:AMD) has been a notable player in the semiconductor industry, often viewed as a formidable competitor to larger counterparts like Nvidia. Recent developments, however, suggest potential shifts in dynamics within the market.
Microsoft won't be facing antitrust scrutiny in the U.K. over its recent investment in French AI startup, Mistral AI, with the country's Competition and Markets Authority (CMA) on Friday concluding that the partnership “does not qualify for investigation under the merger provisions of the Enterprise Act 2002.”
Shares of Reddit Inc. soared 15.3% Friday, lifted by the company's deal with OpenAI, putting the stock on pace for its biggest gain since March 25, 2024, when it rose 30% Dow Jones Market Data show.
Shares of Reddit were on the rise in premarket trading Friday after the social media company announced a content deal with OpenAI, the Microsoft-backed artificial intelligence company behind ChatGPT and other popular AI tools.