Feb 1 (Reuters) – ChatGPT, OpenAI’s popular chatbot, is estimated to have reached 100 million monthly active users in January, just two months after its launch, making it the fastest-growing consumer app the fastest in history, according to a UBS study on Wednesday. The report, citing data from analytics firm Similarweb, says around 13 million …
ChatGPT sets record for fastest growing user base – analyst notes Read More »
The loss in 2022 exceeds the previous record of 2008 Inflation and geopolitical tensions remain risk factors Oil and gas industry record cash inflow OSLO, Jan 31 (Reuters) – Norway’s wealth fund, one of the world’s largest investors, posted a record 2022 loss of 1.64 trillion kroner ($164.4 billion), ending a three-year streak of soaring …
Norwegian fund posts record loss of $164 billion Read More »
SHANGHAI, Jan 29 (Reuters) – China’s smartphone sales fell 13% year-on-year in 2022, the industry’s steepest fall in a decade, as consumers spend cautiously, the research firm of China said on Sunday. IDC market. The total number of devices shipped was 286 million, up from 329 million in 2022. That means 2022’s total sales volume …
China smartphone shipments in 2022 lowest in 10 years, research firm says Read More »
Jan 26 (Reuters) – Shares of BuzzFeed Inc (BZFD.O) jumped on Thursday on reports of a deal with Meta Platforms Inc (META.O) and plans to use artificial intelligence to personalize and improve the digital media company’s quizzes and online content. The stock was 19% higher in extended trading, having more than doubled in value earlier …
BuzzFeed Soars on Meta Deal Reports, Plans to Use OpenAI Read More »
Jan 25 (Reuters) – Tesla Inc’s (TSLA.O) aggressive price cuts have boosted demand for its electric vehicles, Chief Executive Elon Musk said on Wednesday, downplaying fears a weak economy could strangle the buyer interest. The company slightly beat Wall Street’s fourth-quarter revenue and profit targets earlier on Wednesday despite a sharp decline in vehicle profit …
Musk says Tesla price cuts sparked demand, 2023 sales could reach 2 million vehicles Read More »
Jan 23 (Reuters) – Microsoft Corp on Monday announced a new multi-billion dollar investment in OpenAI, deepening ties with the startup behind chatbot sensation ChatGPT and paving the way for more competition with rival Alphabet Inc (GOOGL.O) Google. Recently touting a revolution in artificial intelligence (AI), Microsoft is building on a bet it made on …
Microsoft to invest more in OpenAI as tech race heats up Read More »
Baker Hughes stumbles upon missing fourth-quarter earnings estimates Activist investor Elliott Management takes stake in Salesforce Tokens on track for biggest daily gain since November Indices up: Dow 0.98%, S&P 1.41%, Nasdaq 2.09%, NEW YORK, Jan 23 (Reuters) – Wall Street surged on Monday, led by tech stocks as investors embarked on an earnings-heavy week …
Wall Street surges, propelled by the technological rebound Read More »
Jan 23 (Reuters) – Spotify Technology SA said on Monday it planned to cut 6% of its workforce and would take a related charge of up to nearly $50 million, adding to massive layoffs across the technology sector in preparation for a possible recession. The tech industry is facing falling demand after two years of …
Spotify to cut 6% of its workforce in latest tech layoffs Read More »
WASHINGTON, Jan 20 (Reuters) – The cloud services division of Amazon.com Inc (AMZN.O) said on Friday it plans to invest an additional $35 billion by 2040 to expand data centers in Virginia. Amazon Web Services (AWS) said the new investment will create 1,000 jobs. Republican Virginia Governor Glenn Youngkin said AWS will establish multiple data …
SAN FRANCISCO, Jan 20 (Reuters) – Elon Musk, chief executive of Tesla Inc (TSLA.O), said on Friday that investors did not always react to his Twitter posts as he expected, defending himself in a lawsuit for fraud regarding his 2018 tweet that he had funds to privatize the electric car maker. Musk’s testimony began with …
Musk to jury: Just because I tweet something doesn’t mean people believe it Read More »