Wall Street is now laser-focused on how companies like Google and Microsoft will make money from AI.
Why it matters: After nearly a year of hyping up AI, tech giants are facing greater scrutiny of their plans to launch expensive generative AI products and services.
Shares in Meta rose more than 4% in extended trading Wednesday after the tech giant said it beat Wall Street estimates on top and bottom lines and forecast strong growth in the fourth quarter.
Why it matters: The earnings beat underscores how well Meta's ad business has been able to recover from of a major slowdown in 2022.
Chinese authorities have launched tax and land-use investigations into Foxconn, the world's largest contract electronics maker, in what some experts say may be a warning to U.S. companies and the Biden administration.
Why it matters: Foxconn factories assemble about 70% of Apple iPhones. COVID lockdowns and a huge protest at a major Foxconn factory in November last year resulted in significant delays in iPhone deliveries.
A new analysis findsa"strong and enduring correlation" between political ideology and U.S. electric vehicle adoption.
Driving the news: The working paper, from UC Berkeley's Energy Institute at Haas, explores county-level new car registrations from 2012-2022 and compares them to voting records in presidential races.
ChatGPT and most other generative AI relies on the power of the cloud and a strong connection to the internet, but now some big names in tech are pushing hard to run generative AI directly on smartphones and laptops.
Why it matters: Running AI models on device could make them cheaper, faster and more private.
Shares in Snap Inc. soared briefly Tuesday after the tech giant said it not only beat Wall Street estimates on its top and bottom lines, but it expects continued momentum in the fourth quarter.
Why it matters: It’s a much-needed win for Snap, which has struggled to regain its momentum following an industry-wide advertising slowdown in 2022.
A group of 33 state attorneys general on Tuesday sued Meta, alleging the Facebook and Instagram parent knowingly issued products and features via its apps that pose psychological risks to children and teen users.
Why it matters: The lawsuit is the latest in a slew of litigation against Big Tech companies that seek redress for perceived negative impact on children and teens' mental health.
Cruise is no longer allowed to operate fully autonomous vehicles in San Francisco after the state suspended two of its permits, citing safety rules.
Driving the news: The California Department of Motor Vehicles (DMV) suspended Cruise's autonomous vehicle deployment and driverless testing permits in the city, effective immediately, due to an "unreasonable risk to public safety," the department announced Tuesday.
Qualcomm on Tuesday unveiled a processor it says outpaces the fastest laptop chips from Apple and Intel, giving the company the opportunity to grab a far more significant share of the PC market.
Why it matters: The chip represents a major advance over the firm's prior efforts aimed at the PC market, which suffered from tepid performance and limited Windows compatibility.
The scope and scale of Okta's most recent breach is still coming together as new customers come forward to share details about how they were targeted.
Why it matters: Okta — which provides single sign-on and multifactor authentication tools — has taken a serious financial hit since it disclosed Friday that hackers had stolen some of its support case management system files.
ChatGPT is already pretty good at writing believable phishing emails, despite efforts to limit its ability to do harm, according to new IBM research.
Why it matters: Cybersecurity officials and industry leaders have long warned that hackers could weaponize ChatGPT and similar AI tools to quickly write phishing emails that the average person would think are authentic.
A damning assessment of 10 key AI foundation models in a new transparency index is stoking new pressure on AI developers to share more information about their products — and on legislators and regulators to require such disclosures.
Why it matters: The Stanford, MIT and Princeton researchers who created the index say that unless AI companies are more forthcoming about the inner workings, training data and impacts of their most advanced tools, users will never be able to fully understand the risks associated with AI, and experts will never be able to mitigate them.
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