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Search resuls for: "Noel Randewich Akash Sriram"


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☆ Tech CEOs wax poetic on AI, big adds to sales will take time
  + stars: | 2023-04-26 | by ( Noel Randewich Akash Sriram | Noel Randewich | Akash Sriram | ) www.reuters.com   time to read: +5 min
Google used the term 52 times on its first-quarter call on Tuesday, up from 45 in the fourth quarter. Both companies said AI was already juicing sales, but neither said when or if they would start breaking out any sales, costs, or profits from the technology. Bing has lagged Google search for decades but Nadella said that Bing downloads had jumped since the addition of AI features and now had 100 million daily users. Toyama said Google already used AI to monetize their search algorithms and he did not expect AI advances from its rivals to be as much of a threat as some thought. Meta, which has admitted it is playing catch-up in AI, has published an AI model that can pick out individual objects from within an image.
☆ Amazon rallies after research firm predicts upbeat retail sales
  + stars: | 2023-04-21 | by ( Noel Randewich Akash Sriram | Noel Randewich | Akash Sriram | ) www.reuters.com   time to read: +2 min
April 21 (Reuters) - Amazon's stock rallied to its highest in more than two months on Friday after a research firm predicted the online heavyweight's retail business in North America is set to beat Wall Street's estimates. Data compiled by YipitData suggests Amazon's March-quarter North American net sales will beat analysts' expectations, and that April sales are also trending ahead of Wall Street's consensus for the second quarter, the research firm told Reuters in an email. North American net sales account for more than half of Amazon's overall revenues, with international and Amazon Web Services, or AWS, making up the rest. With Amazon set to report its first-quarter results on Thursday next week, analysts on average see the company's North American net sales climbing 8.5% year over year to $75.2 billion, according to Refinitiv data. He maintained Amazon's stock as "our Best Idea".
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