Meta released Glimmer, an open-weight AI model available for anyone to run on their hardware, contrasting with its more restricted Muse Spark model. This launch coincides with Mark Zuckerberg's call for AI to be accessible to all, not just controlled by a few labs. Meanwhile, a $250 million acquisition deal between video startup VideoVerse and sports publisher Minute Media collapsed amid allegations of forged documents, multiple lawsuits, and an unreachable CEO. These developments highlight ongoing challenges in AI openness and startup deal integrity.
Qualcomm is currently undervalued by the market, which still views it mainly as a handset maker despite its growing AI and automotive businesses. The company reported a 61% increase in automotive revenue and expects significant revenue from hyperscal...
Amazon.com, Inc. will release its Q3 earnings on October 29. Investors have recently been worried about the company's large capital expenditure, expected to reach $220 billion for the fiscal year, driven by AI-related investments. This $20 billion in...
Amazon has underperformed other AI-focused tech giants this year, presenting a potential buying opportunity as strong third-quarter earnings are anticipated. Despite a soft Q3 retail revenue outlook influenced by Prime Day timing and currency effects...
Elon Musk suggested the possibility of starting a competitor to Amazon after reports that Amazon was blocking AI bots from placing orders. SpaceX, now public, posted strong revenue growth, particularly in AI, and holds substantial cash reserves, posi...
Billionaire hedge fund manager Ken Griffin calls the current AI investment surge a bubble due to speculative excess and uncertain future demand. Despite his warning, his firm Citadel holds about $8.6 billion in major AI-related stocks including Amazo...
