Data showed the U.S. economy expanded 2.8% in the second quarter versus estimates of 2%, but inflation subsided, leaving intact expectations of a September rate cut.
Read More Wall Street mixed as investors weigh GDP data after tech maulingTag: Google
Musk to discuss $5 billion xAI investment with Tesla board
Elon Musk said he will discuss a $5 billion investment in AI startup xAI, as the EV maker looks to double down on efforts to expedite the development of its robotaxi and self-driving products.
Read More Musk to discuss $5 billion xAI investment with Tesla boardWhat is CrowdStrike, the cybersecurity firm behind a global tech outage?
Companies across several industries were hit on Friday by a global tech outage tied to Microsoft’s Azure cloud platform and a software issue.
Read More What is CrowdStrike, the cybersecurity firm behind a global tech outage?Exclusive: FTC seeking details on Amazon deal with AI startup Adept, source says
The FTC has asked Amazon to provide more details on its deal to hire top executives and researchers from AI startup Adept.
Read More Exclusive: FTC seeking details on Amazon deal with AI startup Adept, source saysApple at all-time high after Morgan Stanley calls stock ‘top pick’ for AI efforts
Apple’s shares rose 2.5% to a record high on Monday after Morgan Stanley cited the company’s AI efforts as a boost to device sales.
Read More Apple at all-time high after Morgan Stanley calls stock ‘top pick’ for AI effortsSamsung bolsters AI in foldable phones, health monitoring in smartwatch, ring
Samsung unveiled its latest foldable smartphones, making its priciest flagship model lighter and slimmer and bolstering AI functions.
Read More Samsung bolsters AI in foldable phones, health monitoring in smartwatch, ring