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 boardTag: OpenAI
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 effortsFinancial industry grappling with AI’s gifts and perils, executives say
The spread of AI-based systems offers big opportunities for financial services firms, but asset managers face higher stakes because they manage sensitive information.
Read More Financial industry grappling with AI’s gifts and perils, executives sayExclusive: Amazon mulls $5 to $10 monthly price tag for unprofitable Alexa service, AI revamp
Amazon is planning a major revamp of its decade-old money-losing Alexa service to include a conversational generative AI with two tiers of service.
Read More Exclusive: Amazon mulls $5 to $10 monthly price tag for unprofitable Alexa service, AI revampAdobe surges as AI optimism fuels annual revenue forecast
Adobe shares soared 16% on Friday, putting the Photoshop-maker on track for its best day in more than four years.
Read More Adobe surges as AI optimism fuels annual revenue forecast