GenAI

Big Tech Makes Money by Spending on AI Infrastructure
Big Tech Makes Money by Spending on AI Infrastructure
November 01, 2024  |  Artificial Intelligence

Tech giants’ investments in cloud infrastructure are reportedly paying off due to the demand for artificial intelligence. The momentum of cloud businesses began to slow...

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Microsoft’s AI Business Surges, Set to Hit $10 Billion Milestone
Microsoft’s AI Business Surges, Set to Hit $10 Billion Milestone
October 31, 2024  |  Earnings

Microsoft’s artificial intelligence (AI) initiatives are delivering unprecedented growth, with the company announcing its AI business is on track to surpass $10 billion in annual...

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Amazon Earnings Provide Sneak Peak Into Short-Term Future Strategy
Amazon Earnings Provide Sneak Peak Into Short-Term Future Strategy
October 31, 2024  |  Amazon

By now you probably know that Amazon exceeded revenue expectations for Q3 Thursday (Oct. 31) driven by the strength of its AWS cloud computing division...

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Apple Plans December ChatGPT Integration
Apple Plans December ChatGPT Integration
October 31, 2024  |  Apple

Apple outlined its artificial intelligence (AI) strategy during Thursday’s earnings call, announcing December plans for ChatGPT integration and expanded language support for its recently launched...

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Meta’s Zuckerberg Touts AI Progress but Warns of ‘Serious Infrastructure’
Meta’s Zuckerberg Touts AI Progress but Warns of ‘Serious Infrastructure’
October 30, 2024  |  Meta

The old saying is you’ve got to spend money to make money. For Meta, notching a third quarter earnings report with record revenues, the fact...

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Antitrust Fears for Big Tech as States Ramp Up Regulations
Antitrust Fears for Big Tech as States Ramp Up Regulations
October 30, 2024  |  Artificial Intelligence

Major tech companies have spent over $30 billion acquiring artificial intelligence startups while facing mounting antitrust concerns, as states rush to fill the federal regulatory...

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ABBYY Rolls Out AI Center to Boost Business Automation
ABBYY Rolls Out AI Center to Boost Business Automation
October 30, 2024  |  B2B Payments

ABBYY is introducing new capabilities for artificial intelligence to help companies bolster automation. The offerings include Phoenix, a “multi-modal approach to zero-shot learning leveraging small...

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Expense Management Is Undergoing a Revolution, but Legacy Systems Hold Firms Back
Expense Management Is Undergoing a Revolution, but Legacy Systems Hold Firms Back
October 30, 2024  |  B2B Payments

Every dollar of working capital matters to today’s businesses. That makes tracking and managing expenses important, as evidenced by “Grubgate,” where tech giant Meta fired...

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Mastercard Teams With Databricks on GenAI Assistant
Mastercard Teams With Databricks on GenAI Assistant
October 29, 2024  |  artificial intelligence

Mastercard has launched a generative artificial intelligence (AI)-powered digital assistant that is designed to simplify the customer onboarding process. This is the first application developed...

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