ARM’s vague profit language sinks stock six percent ARM’s massive hiring — a thousand people in twelve months — has lead to pressure on operating margin. The company’s CFO, Jason Child, assured investors that the company is still on course to an eventual goal of sixty percent
@tiernanraytech
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OpenAI’s Research Challenges Benefit Nvidia’s Hardware Business
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OpenAI’s got a tough slog ahead, which is great for Nvidia People forget that there are still vast areas of fundamental research to be conquered to get beyond the basic gimmicks of ChatGPT that have dazzled the world. OpenAI’s chief, Sam Altman, made that clear during a press
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Sam Altman Hints at OpenAI Consumer Hardware Devices
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My impression of Sam Altman’s response to Ina Fried’s question is that he left the door open to OpenAI producing consumer hardware devices. "We'd like to figure out something amazing," he said. "If there's something to do, we'll do it.” Added Altman, "I do believe that every
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Musk’s Grok Launch Strategy Reflects OpenAI Rivalry
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Altman was asked why Elon Musk’s X, formerly Twitter, chose to unveil its own chat bot, Grok, the night before the OpenAI conference, whether it was, perhaps, a sign of a lingering hostility by Musk toward OpenAI, which he helped finance in the beginning. “Elon will be Elon,”
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Microsoft and OpenAI Partnership Advances at Dev Day
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Live updates from OpenAI Dev Day: Follow along with ZDNET Microsoft CEO Satya Nadella came on stage for OpenAI CEO Sam Altman’s keynote to talk about the future of their partnership. https://
zdnet.com/article/live-u
pdates-from-openai-dev-day-follow-along-with-zdnet/
… $MSFT @OpenAI #AI #ArtificialInteligence #ChatGPT #GPT4 -
Confluent CEO Charts Course After 42% Stock Plunge
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Please enjoy my interview with Confluent CEO Jay Kreps. After a 42% plunge, how does Confluent’s CEO assess the road ahead? Confluent is dealing with a market that is still cutting its spending on software. In such as harsh environment, the company’s decision to re-orient its
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GM Cruise Exposed: Human Operators Behind Self-Driving Claims
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Nice post by Gary Marcus on the revelation by the New York Times that GM's Cruise unit is apparently employing a large number of human operators behind the scenes to make self-driving work. https://
garymarcus.substack.com/p/could-cruise
-be-the-theranos-of-ai
… @GaryMarcus $GM #selfdriving #AI #cruise #GM -
Apple Stock Declines Despite iPhone Services Revenue Beat
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Apple stock sells off despite beat on iPhone, Services revenue iPhone, Services and iPad were the stars for Apple this quarter, while the Wearables category and Mac sales disappointed relative to consensus. Shares slipped in late trading by two points. Mac sales may imply some
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AMD Poised for Major AI Growth in 2024
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AMD could have quite an AI year in 2024 Advanced Micro Devices indicated its data center sales could surge in 2024 by almost ten-fold. This would take the company’s business to a new level as it would bring direct, meaningful competition to Nvidia for artificial intelligence.
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Stock Market Decline Amid Middle East Conflict and Earnings
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The TL Podcast for October 29th: Stocks fall apart The stock market has turned decidedly sour in late October, following the war in Israel and Gaza, and a very mixed start to earnings season. https://
thetechnologyletter.com/the-posts/the-
tl-podcast-for-october-29th-stocks-fall-apart
… $GOOGL $MSFT $AMZN $TSLA $ASML $SEDG $TXN $ON $WOLF $AMD