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☆ Microsoft announces custom AI chip that could compete with Nvidia
▼ + stars: | 2023-11-15 | by ( Jordan Novet | ) www.cnbc.com time to read: +5 min

A custom-built rack for the Maia 100 AI Accelerator and its "sidekick" inside a thermal chamber at a Microsoft lab in Redmond, Washington. The first, its Maia 100 artificial intelligence chip, could compete with Nvidia's highly sought-after AI graphics processing units. In addition to designing the Maia chip, Microsoft has devised custom liquid-cooled hardware called Sidekicks that fit in racks right next to racks containing Maia servers. Moving from GPUs to AWS Trainium AI chips can be more complicated than migrating from Intel Xeons to Gravitons, though. WATCH: Nvidia notches tenth straight day of gains, driven by new AI chip announcement

Persons: Maia, Nvidia's, Rani Borkar, Borkar, OpenAI, OpenAI's, We've, they've, Colette Kress, Steve Tuck, Tuck, Graviton, Dave Brown, Brown Organizations: Microsoft, Intel, Google, CNBC, Amazon, Services, Nvidia, AMD, Computer, Companies, SQL, AWS Locations: Redmond , Washington, Seattle, New York, Gravitons

☆ Stocks making the biggest moves midday: Home Depot, Fisker, SolarEdge and more
▼ + stars: | 2023-11-14 | by ( Brian Evans | ) www.cnbc.com time to read: +4 min

Azenta — The life science stock jumped 13% on Tuesday, a day after the company delivered its fiscal fourth-quarter report. Home Depot — Shares of the home improvement retailer jumped 6% after the company posted third-quarter earnings and revenue that beat expectations. Enphase Energy , Solar Edge , First Solar – The solar power stocks surged on Tuesday, with Enphase adding nearly 14%. Solar companies and tech stocks are sensitive to interest rates, and fare well when bond yields decline. Adobe — The software stock climbed nearly 2% in midday trading.

Persons: FactSet, Matthew Shattock, Fisker, — CNBC's Pia Singh, Alex Harring, Michelle Fox, John Rosevear, Darla Mercado Organizations: Enphase, Solar, V.F, Corp, Amazon Web Services, Therapeutics, Federal, Deutsche Bank, EV, Adobe

☆ Cramer talks about the business of formula 1 racing with Sara Eisen
▼ + stars: | 2023-11-14 | by ( Julie Coleman | ) www.cnbc.com time to read: 1 min

CNBC's Jim Cramer spoke with CNBC's Sara Eisen about her upcoming documentary detailing the business of Formula 1 racing. The documentary will see Eisen exploring F1's expansion strategy, especially changes to the business since it was purchase by Liberty Media several years ago. Eisen said Liberty used new strategies to transform the enterprise from a "sleepy motor sport" into a more mainstream fast-growing sport. Eisen also examined how F1 teams have become more profitable, attracting high-profile sponsors like Salesforce , Amazon Web Services and Heineken . Some tech sponsors, like Palantir , work with teams to advance the technology and engineering behind the cars, Eisen said.

Persons: CNBC's Jim Cramer, CNBC's Sara Eisen, Eisen Organizations: Liberty Media, Liberty, Amazon Web Services, Heineken

☆ Nvidia upgrades flagship chip to handle bigger AI systems
▼ + stars: | 2023-11-13 | by ( Stephen Nellis | ) www.reuters.com time to read: +1 min

The H200, as the chip is called, will overtake Nvidia's current top H100 chip. The primary upgrade is more high-bandwidth memory, one of the costliest parts of the chip that defines how much data it can process quickly. Nvidia dominates the market for AI chips and powers OpenAI's ChatGPT service and many similar generative AI services that respond to queries with human-like writing. The H200 has 141-gigabytes of high-bandwidth memory, up from 80 gigabyte in its previous H100. Nvidia also buys memory from Korea's SK Hynix (000660.KS), which said last month that AI chips are helping to revive sales.

Persons: OpenAI's, Stephen Nellis, Sam Holmes Organizations: Nvidia, Google, Oracle, Nvidia's, Micron Technology, Korea's SK Hynix, Amazon Web Services, Microsoft, Oracle Cloud Infrastructure, Lambda, Thomson Locations: San Francisco

☆ Amazon will buy solar energy from a repurposed coal mine in Maryland
▼ + stars: | 2023-11-13 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +3 min

Amazon will buy renewable energy from a solar project in Garrett County, Maryland, that is being built on a brownfield — the former site of a 120-year-old coal mine. Amazon will use the new facility to power its Amazon Web Services (AWS) data centers as well as fulfillment centers and physical stores. The former coal site, which had to be cleaned of toxins, is particularly attractive because it already has access to an energy interconnection and substations. Amazon is the largest corporate purchaser of renewable energy since 2020, according to the company. Turning the former coal site into a solar farm "is a metaphor for the energy transition," Sahlstrom added.

Persons: Nat Sahlstrom, Sean Finnerty, Finnerty, Amazon's Sahlstrom, Sahlstrom Organizations: Amazon, Web Services, Power Ventures, Renewable Energy, CPV Locations: Garrett County , Maryland, U.S, Maryland

☆ Monday's analyst calls: PC stock upgrade, Jefferies sees steady growth for consumer giant
▼ + stars: | 2023-11-13 | by ( Fred Imbert | ) www.cnbc.com time to read: +5 min

Jefferies initiated Colgate-Palmolive with a buy rating, citing a stabilization in market share loss. The firm initiated coverage of DevOps stock on Monday with a buy rating and a $56 per share price target. "In short, we think GTLB is well positioned to gain share with its platform offering in a rapidly growing ~$40B DevSecOps target market," analyst Gray Powell said. The firm initiated coverage of the consumer giant with a buy rating and a $87 per share price target in a Sunday note. Analyst Kaumil Gajrawala said the company's market share losses from the height of the pandemic have stabilized, allowing Colgate-Palmolive to enter a period of steady growth.

Persons: Jefferies, Edward Jones, Oracle Edward Jones, Oracle's, Logan Purk, Purk, Brian Evans, Gray Powell, — Brian Evans, Bernstein, TripAdvisor, Richard Clarke, Asiya Merchant, Kaumil Gajrawala, Gajrawala Organizations: CNBC, Colgate, Palmolive, Citi, HP Inc, Oracle, Google, Amazon Web Services, Jefferies, ~$

☆ Top Wall Street analysts are confident in the long-term potential of these stocks
▼ + stars: | 2023-11-12 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +7 min

Wall Street analysts can help investors identify stocks that have what it takes to thrive amid short-term headwinds — and that can offer attractive returns going forward. Here are five stocks favored by Wall Street's top analysts, according to TipRanks, a platform that ranks analysts based on their past performance. Apple's overall revenue declined for the fourth consecutive quarter due to notable declines in iPad and Mac sales. Zelnick raised his price target from $380 to $395 and reiterated a buy rating on MSFT stock. Following the Q3 2023 print, Zelnick maintained a buy rating on NOW stock and increased the price target to $650 from $625.

Persons: Aly Song, Wall, Baird, William Power, Power, TipRanks, Goldman Sachs, Eric Sheridan, Sheridan, Brad Zelnick, Zelnick Organizations: Apple, Reuters Companies, Wall Street, Apple Tech, Apple's Services, Services, North America, Web Services, AWS, TipRanks, Microsoft, Deutsche Bank, Fortune, Software, U.S Locations: Shanghai, China, ServiceNow

☆ Cramer on why the emperor of this market has been naked long enough: Unpacking Apple, Amazon, Meta and Alphabet
▼ + stars: | 2023-11-12 | by ( Jim Cramer | ) www.cnbc.com time to read: +10 min

You think and think and think, and you still can't believe that things changed so radically in such a short period of time. So, let's pull apart Apple, Amazon, Meta and Alphabet to try to understand how unimportant what actually happened at these companies might be. Instead, Apple stock has climbed roughly 5% since it reported quarterly results on Nov. 2. Meta stock fell to $288 a share, down from $314, in a couple of sessions just because of that line in its earnings report. But like Apple and Amazon, Meta stock stabilized and has risen more than 14% since late October.

Persons: —, Lina Khan's, let's, Khan, Apple, Jim Cramer's, Jim Cramer, Jim, Alexi Rosenfeld Organizations: Apple, U.S . Federal Trade Commission, NFL, Amazon, Web Services, Google, YouTube, Amazon Web Services, Meta, Microsoft, Federal, Treasury, Procter & Gamble, CNBC, Getty Locations: wearables, Philippines, Indonesia, Brazil, Vietnam, China, Israel, Gaza, GOOGL, New York City

☆ Amazon’s top Fresh exec says store reopenings are part of broader grocery revamp
▼ + stars: | 2023-11-10 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +7 min

Peters now oversees Amazon Fresh and reports to ex-Tesco executive Tony Hoggett, who leads Amazon's physical stores business. Shoppers check out the sale items as they wait in line for the new Amazon Fresh store to open on E. Colorado Blvd in Pasadena, CA Thursday, September 15, 2022. In addition to the Woodland Hills Fresh store, Amazon reopened locations in nearby Pasadena and Irvine this week, after redesigning two Chicago-area Fresh stores in August. Amazon Fresh store in Los Angeles neighborhood of Woodland Hills Annie Palmer'Where's the butter located?' On Thursday, Amazon said it's opening the Fresh grocery delivery service to everyone in the U.S., after trials in a handful of cities.

Persons: Annie Palmer, Andy Jassy, Claire Peters, Peters, Tony Hoggett, Dilip Kumar, Stephenie Landry, Jeff Bezos, Amazon, Honey Grahams Organizations: Amazon, Woolworths, Amazon Fresh, Tesco, CNBC, Walmart, . Colorado, Medianews, los Angeles Daily, Getty, Citibank, Amazon Web, Woodland, Foods, Alexa Locations: Los Angeles, Woodland, ., Pasadena , CA, Woodland Hills, Amazon, Pasadena, Irvine, Chicago, U.S

☆ Amazon has an office in a former prison in the Netherlands
▼ + stars: | 2023-11-10 | by ( Caroline Haskins | ) www.businessinsider.com time to read: +4 min

In 2022, Amazon opened office space in de Koepel, a former prison in Haarlem, Netherlands. AdvertisementAdvertisementAmazon Web Services debuted a new office space in Haarlem, Netherlands in 2022 , but there's one unusual thing about it, which has gained traction on social media this week: the office is inside a former prison. Amazon uses space on the third floor of de Koepel, where prison cells have been converted into office spaces, and communal desks are available for individuals. The video shows a few former prison cells, with the AWS logo plastered just above the cell numbers. The prison is a dome-shaped building, with multiple stories of prison cells facing the central space.

Persons: —, De Koepel, underpaid, they're, Valerie Vallenduuk, Koepel Organizations: Amazon, Service, Federal Trade Commission, Rabobank Locations: Koepel, Haarlem, Netherlands, TikTok

☆ Emails reveal how Amazon and Google tap friends in government to influence policies. Critics say there's too much 'coziness' with Big Tech.
▼ + stars: | 2023-11-10 | by ( Hugh Langley | ) www.businessinsider.com time to read: +7 min

When you work as a Big Tech lobbyist, there's a good chance you're already friends with someone in government. In 2022, 82.4% of Amazon lobbyists and 81.3% of Alphabet lobbyists previously held government jobs, according to data from OpenSecrets. "Big Tech uses its special revolving door access to furtively push for rigged trade policies," Warren wrote. The emails are limited to correspondence with Amazon and Google lobbyists and do not include communications with representatives of other tech companies. Big Tech critics say this access to policymakers is not granted to the public or civil-society groups, and that's why Warren and others have called for more transparency.

Persons: there's, Sen, Elizabeth Warren, Katherine Tai —, Warren, Tai, Andrea Boron, Mary Thornton, Karan Bhatia, Google's, Byun, Jillian DeLuna, Thornton, Bhatia, Kate Kalutkiewicz, USTR, Maria Langholz, Trump, Biden, Amazon's Thornton, Ethan Holmes, Joe Biden, Jonathan Ernst, That's, José Castañeda Organizations: Big Tech, United States Trade Representative, Google, Amazon, Amazon Web Services, YouTube, Amazon Prime, Spotify, Canada's, Demand, Prosperity, Reuters Locations: Big, Asia, China, Bali, Tokyo

☆ How Arm is gaining chip dominance with its architecture in Apple, Nvidia, AMD, Amazon, Qualcomm and more
▼ + stars: | 2023-11-09 | by ( Katie Tarasov | ) www.cnbc.com time to read: +8 min

Arm's big break came in 1993, when Apple launched its early handheld Newton device on the Arm610 processor. Arm's big break came in 1993 when Apple released its handheld Newton device on the Arm610 processor. Apple moved to its own Arm-based processors in Mac computers in 2020, breaking away from the Intel x86 processors that had powered them for 15 years. Qualcomm is another major customer making its latest PC processors using Arm, although that relationship is strained. This simplification is also making Arm the choice for non-chip companies like Apple, Amazon, Google and Microsoft designing their own custom silicon.

Persons: Haas, Richard Grisenthwaite, I've, Grisenthwaite, Japan's SoftBank, Grace Hopper Superchip, Grace Hopper, they're, Cash, SoftBank, Softbank, Rene Haas, CNBC's Katie Tarasov, Katie Brigham Arm, It's, Daniel Newman, Newman, O'Donnell, Apple, Nuvia, Arm's Grisenthwaite, They've, " O'Donnell, Max Thurlow Organizations: Apple, Acorn Computers, Texas, Nokia, Nvidia, Google, Samsung, Qualcomm, Futurum, Intel, Amazon, AMD, Cruise, Microsoft, Arm Holdings Locations: Cambridge, NXP, U.S, Arizona , California, North Carolina, Texas, Norway, Sweden, France, India, San Jose , California, IoT, England, China

The model, codenamed as “Olympus”, has 2 trillion parameters, the people said, which could make it one of the largest models being trained. OpenAI's GPT-4 model, one of the best models available, is reported to have one trillion parameters. As head scientist of artificial general intelligence (AGI) at Amazon, Prasad brought in researchers who had been working on Alexa AI and the Amazon science team to work on training models, uniting AI efforts across the company with dedicated resources. It has also partnered with AI model startups such as Anthropic and AI21 Labs, offering them to Amazon Web Services (AWS) users. Training bigger AI models is more expensive given the amount of computing power required.

Persons: OpenAI's, Rohit Prasad, Andy Jassy, Prasad, Krystal Hu, Gerry Doyle Organizations: Reuters, Alexa, AI21 Labs, Amazon Web Services, Amazon, Thomson Locations: San Francisco

☆ 18-year-old got hired as a Google engineer—his dad shares his No. 1 parenting rule: I take a 'hands off approach'
▼ + stars: | 2023-11-08 | by ( Ashton Jackson | ) www.cnbc.com time to read: +4 min

Stanley Zhong isn't your typical 18-year-old. In stepped Google, which offered Zhong a job as an L4 software engineer, one rung above entry level. And while the offer may have been surprising, especially considering the job title, one person says he wasn't shocked: Stanley's father, Nan Zhong. "And along the way, he gave me enough shocks that I was no longer shocked [when he got the Google job]. And that led to his Google job," Nan says.

Persons: Stanley Zhong, Zhong, wasn't, Nan Zhong, I've, Nan, He's, —, Stanley, that's, Henry M, Nan Zhong Nan, Nan didn't, Richard Wiseman Organizations: Gunn High School, MIT, Stanford, Google, University of Texas, CNBC, Washington State Championship, Amazon Web Services, Amazon AWS, University of Hertfordshire Locations: Palo Alto , California

☆ Amazon’s health push is a too-costly prescription
▼ + stars: | 2023-11-08 | by ( Robert Cyran | ) www.reuters.com time to read: +4 min

Snag is, primary care tends to be a recipe for burning cash. Drugstore chains have been buying up primary care companies in the hope of steering patients to their stores. Prime members can add up to five additional memberships to the same plan at $6 a person. The primary care provider had 836,000 members at the end of last year, with practices in two dozen metropolitan areas. It had over 200 million members worldwide as of April 2021.

Persons: Dado Ruvic, Jonathan Guilford, Sharon Lam, Aditya Sriwatsav Organizations: REUTERS, Reuters, Amazon, Amazon Web Services, Walgreens Boots Alliance, Telecom, AT, Time Warner, Thomson

☆ Microsoft's GitHub announces Copilot assistant that can learn about companies' private code
▼ + stars: | 2023-11-08 | by ( Jordan Novet | ) www.cnbc.com time to read: +4 min

Microsoft -owned GitHub on Wednesday introduced a more expensive Copilot assistant for developers inside companies that can explain and provide recommendations about internal source code. Last month Microsoft CEO Satya Nadella told analysts on a conference call that GitHub Copilot had accumulated 1 million paid users. The new GitHub Copilot Enterprise will cost more than double the business offering, at $39 per person per month. On GitHub's website, people with Copilot Enterprise licenses can choose repositories to fine-tune Copilot on proprietary code. From there, they can ask GitHub's Copilot chatbot about elements of existing code and suggest lines of code in development environments.

Persons: Thomas Dohmke, GitHub, Satya Nadella, GitHub Copilot, GitHub's, Stephen O'Grady, Amazon's CodeWhisperer, Dohmke, Gartner, Copilot, O'Grady, Piper Sandler Organizations: Microsoft, Amazon, Services, CNBC, Copilot Enterprise, Google, Gartner, Enterprise, Piper, Copilot Locations: Toronto, San Francisco

☆ Amazon adds a new reason to get and keep Prime: member discounts on health-care services
▼ + stars: | 2023-11-08 | by ( Paulina Likos | ) www.cnbc.com time to read: +4 min

Amazon (AMZN) said on Wednesday that it's offering Prime members a discount on its new health-care service — another perk that should help bring more people into the online retailer's ecosystem. It provides members unlimited 24/7 access to virtual care as well as in-person, and remote primary care services. Prime members can add up to five people from their family to the One Medical plan for an additional $6 a month. Amazon offering a discounted subscription to One Medical's services is part of the company's efforts to expand the broader Prime flywheel by leveraging its 167 million Prime members. The goal of the Amazon Prime membership is to provide people with "one simple membership, something that provides shopping, savings, streaming and now positive health outcomes, said Jamil Ghani, SVP of Amazon Prime in a CNBC interview Wednesday.

Persons: Jeff Marks, It's, Tom Forte, Forte, Andy Jassy, Davidson, there's, Jamil Ghani, Jim Cramer's, Jim Cramer, Jim, John Love, Jason Redmond Organizations: Amazon, D.A, Amazon Web Services, Amazon Pharmacy, Amazon Prime, CNBC, Robotics Research, AFP, Getty Locations: Davidson, Sumner , Washington

☆ Arm CEO talks company's future beyond smartphones after first quarterly report since IPO
▼ + stars: | 2023-11-08 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Rene Haas, CEO of semiconductor company Arm, told CNBC's Jim Cramer on Wednesday that the company has moved beyond its beginnings, where it was primarily known for designing technology used in smartphones. Arm designs graphics chips and licenses them to companies, collecting royalties to earn much of its revenue. Haas said 70% of the world's population touches Arm in some way, with its technology present in many widely-used devices including electric cars, digital TVs and smart locks. On Wednesday, the chip designer released its first quarterly report since its IPO, reporting revenue that beat Wall Street's expectations. "The experience you get on these PCs — great performance, low battery life — again, that's what we're really good at," he said.

Persons: Rene Haas, CNBC's Jim Cramer, Haas, — Organizations: Apple, Google, Amazon Web Services

Shares of cloud monitoring software firm Datadog surged nearly 30% in Tuesday trading after the company reported stronger-than-expected third-quarter earnings and full-year guidance. The company reported quarterly revenue of $547.5 million, up 25% year-over-year, topping estimates. Datadog reported adjusted earnings per share of 45 cents, better than the 34 cents that analysts expected. Datadog stock fell significantly in August after it revised its guidance down, citing continued reduction in cloud spending by companies. Datadog builds cloud monitoring and security products that work with Amazon Web Services, Google Cloud, and Microsoft Azure.

Persons: Olivier Pomel, Datadog, Pomel Organizations: Datadog, LSEG, Amazon Web Services, Google, Microsoft, Nasdaq Locations: San Francisco, Snowflake

☆ Microsoft closes at all-time high on fresh OpenAI-related optimism
▼ + stars: | 2023-11-07 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Microsoft ended Tuesday's trading session at a record high of $360.53, following fresh optimism about growth from a key partner in artificial intelligence. The major U.S. indices all posted gains for the day, with the S&P 500 notching its seventh-consecutive rise, while Microsoft delivered its eighth. At an event in San Francisco on Monday, Microsoft's strategic AI partner, OpenAI, announced a slew of updates, including price cuts and plans to allow people to make custom versions of the ChatGPT chatbot. Oppenheimer analysts, with the equivalent of a buy rating, said OpenAI's price updates confirm OpenAI's status as the category leader. Microsoft said in a regulatory filing in October that OpenAI is its "strategic partner" on AI.

Persons: OpenAI, Satya Nadella, Karl Keirstead, Oppenheimer, it's Organizations: Microsoft, OpenAI's, Windows, UBS, Amazon Web Services, Amazon Locations: U.S, San Francisco, OpenAI

Microsoft CEO Satya Nadella made a surprise appearance at OpenAI's developer conference on Monday with a message: Come build with us. 1 is to build the best system, so that you can build the best models and then make that all available to developers," Nadella told OpenAI CEO Sam Altman, on stage at DevDay in San Francisco. Azure has become Microsoft's key growth engine in recent years and has helped revive the company's brand among developers. Microsoft boasts an exclusive license on OpenAI's GPT-4 large language model that can generate human-like prose in response to a few words of text. Developers who are building on top of OpenAI can look to the Azure Marketplace to "get to market rapidly," Nadella said.

Persons: Satya Nadella, Nadella, Sam Altman, OpenAI, ChatGPT, It's, Altman Organizations: Microsoft, Amazon Web Services, Google, OpenAI's, Street, Windows Locations: DevDay, San Francisco

☆ These stocks are leading the market's comeback and analysts think they have more to go
▼ + stars: | 2023-11-06 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

The names we found also have a consensus price target that calls for further appreciation of 20% or more from here on out. Discovery has the biggest potential upside — 55% — on the screen, looking at its consensus price target among analysts. Not only has the dominant e-commerce platform gained more than 66% this year—it also stands to rise anogther 24.4% based on the Street's consensus price target. Another Wall Street favorite is NextEra Energy , which has potential upside of more than 26%. Other companies leading the market's comeback are packaging company Sealed Air , discount retailer Dollar Tree and newspaper publisher News Corp .

Persons: Stocks, Wells Fargo, Wells, Steven Cahall, Brent Thill, —, Terrell Kirk Crews Organizations: Nasdaq, Dow Jones, CNBC, Warner Bros, Discovery, Jefferies, UBS, Amazon Web Services, American, International, NextEra Energy, News Corp Locations: Florida

☆ Everything is lining up right for these stocks, according to Piper Sandler
▼ + stars: | 2023-11-03 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

As the market gets off to a strong start for the new month, Piper Sandler sees the stars aligning for certain stocks. All stocks on the Piper Sandler list have an overweight rating. Piper Sandler's high-conviction list comes as stocks head for their best week of the year . E-commerce giant Amazon made the Piper Sandler list, underpinned by both its earnings growth and momentum heading into future results. The firm also noted that Amazon stock is headed toward its 52-week high and could break out above $146 per share.

Persons: Piper Sandler, Piper Sandler's, Thomas Champion, Lululemon, LULU, Abbie Zvejnieks, Zvejnieks, Amgen, Christopher Raymond, Raymond Organizations: Federal Locations: American, ecommerce

☆ What you need to know about landing a tech job on Wall Street now, from the hottest roles to the most important skills
▼ + stars: | 2023-11-02 | by ( Bianca Chan | ) www.businessinsider.com time to read: +6 min

Artificial intelligence is breathing new life into Wall Street's tech hiring scene. JPMorgan is hiring the most AI-related roles, with 239 job postings between January and October, according to the data. Plus, the qualities and skills finance firms demand are changing, with some companies prioritizing technologists with business acumen and understanding of financial markets. Here are the hottest positions finance firms want to hireThe AI boom is carving out new, specialized tech jobs on Wall Street. It's common among Wall Street firms to hold data in the cloud, with many are designing new applications where their data is .

Persons: It's, Wall, Goldman Sachs, Zac Maufe, execs, Banks, Jayson Bevacqua, Maufe, Ben Hodzic, Selby Jennings, Hodzic, they're Organizations: Deutsche Bank, Google, Revelio Labs, JPMorgan, Solaris Search, Google Cloud, Apollo, skillsets, Finance, Web Services, Microsoft, Citadel Securities, Millennium Management

☆ How Apple's thinking about AI spending and deployment differs from Big Tech rivals
▼ + stars: | 2023-11-01 | by ( Bob Woods | ) www.cnbc.com time to read: +9 min

And, of course, we've been doing research across a wide range of AI technologies, including generative AI, for years," he said. The upgraded camera uses machine-learning AI to tell the difference between a person and an animal in the frame. Laura Martin, a tech analyst at Needham, is among those who say Apple is "far behind" its big tech rivals. The early edge in generative AI is paying off for rivals, as was evidenced by Microsoft's recent earnings report. "We believe they are on the cusp of what will be the introduction of an AI App Store over the next year," he said.

Persons: Brendan Burke, That's, Tim Cook, Cook, we've, Siri, Apple, it's, Laura Martin, Martin, I'm, Ives, that's, what's, OpenAI, Google's Bard, Burke, Claude Organizations: Apple, Microsoft, Google, Vision Pro, Amazon Web Services, Bloomberg, Meta, Financial Times Locations: Cupertino, California, Seattle, Paris, Beijing, Anthropic

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