Continued growth in Microsoft's cloud business — fueled in part by the boom in AI — helped the software giant top sales and earnings expectations for the latest quarter, the company announced Thursday.
Why it matters: While there is lots of talk about AI, Microsoft is among only a handful of large companies that can point to a measurable growth in revenue.
ChatGPT maker OpenAI wants you to see AI as the next "critical infrastructure" — and veteran political hand Chris Lehane is the firm's new face for this message.
Why it matters: OpenAI aims to showcase how its tech helps "everyday people" and can tackle big challenges in health care, education and climate, Lehane said.
He spoke with Axios in an exclusive first interview in his new role at OpenAI as vice president of public works.
Shares in Meta fell more than 15% in trading late Wednesday after the tech giant warned Wall Street that it expects third quarter revenue and earnings to come in short of analyst expectations.
Why it matters: Wednesday's forecast signaled a slowdown for the company, which has otherwise been outperforming against investor expectations over the past year.
Federal prosecutors on Wednesday charged the founders of a crypto-mixing service called Samourai Wallet with conspiracy to commit money laundering and operating an unlicensed money transmitter business.
Why it matters: The U.S. government is cracking down on crypto-mixing tools that criminals can use to hide their tracks.
The Biden campaign will stay on TikTok even after President Biden signed a bill Wednesday that could lead to a potential ban of the app.
The big picture: The bill has a provision thatwill force TikTok's Chinese parent company ByteDance to divest from its U.S. operations or face a nationwide ban over data risk and privacy concerns.
President Joe Biden signed a bill Wednesday that will force TikTok's Chinese parent company to divest from its U.S. operations or face a nationwide ban.
Why it matters: The move potentially sets up a protracted legal fight over the fate of the popular social media app, as TikTok has vowed not to go down without a fight.
Xaira Therapeutics, an AI drug discovery startup, has launched with more than $1 billion in funding co-led byArch Venture Partners and Foresite Capital.
Why it matters: Xaira is the landing spot for CEO Marc Tessier-Lavigne, the former Genentech chief scientific officer and Denali Therapeutics co-founder who last year resigned as Stanford University president after findings of research manipulation in his lab.
By lowering the bar on its first quarter results,Tesla has managed to reverse waning investor confidence — for now — even as specifics about its future product lineup remain lacking.
Why it matters: The wider electric vehicle transition is intertwined with Tesla, the world's largest seller of battery-powered cars.
The gigantic and costly industry Silicon Valley is building around generative AI is still struggling to explain the technology's utility.
Why it matters: AI chatbots and image generators are making headlines and fortunes, but a year and a half into their revolution, it remains tough to say exactly why we should all start using them.
