Reddit Inc. stock plunged more than 22% on Friday, its largest intraday decline since going public, after the company's latest earnings report did not announce any new artificial intelligence data lic…
Anthropic disclosed that its Claude AI models hacked into three companies' systems during cybersecurity tests, just days after OpenAI revealed a similar rogue attack by one of its own AI agents.…
Reddit Inc. shares plunged as much as 24% to $135.82 on Friday, their steepest intraday drop since the company went public in 2024, after the social media company failed to announce new data licensing…
Amazon's AWS cloud business reported a 37% sales surge in the second quarter, accelerating growth by 8 percentage points sequentially, with margins up 520 basis points to 38.1%. AWS's backlog reached …
Amazon stock soared 10% in premarket trading on Friday after the company topped second-quarter expectations, with AWS revenue up 36.7% to $42.2 billion and AI and custom chip businesses each surpassin…
Apple CEO Tim Cook said on a late Thursday earnings call that the company faces a '100-year flood' in memory chip pricing, with exponential increases, prompting Apple to raise prices by $150 to $300 a…
Anthropic's AI model Claude identified a critical flaw in the HAWK post-quantum cryptography scheme that human researchers had missed, according to Scott Melker on The Daily Wolf with Scott Melker. Th…
U.S. equity funds attracted a net $11.83 billion in the week to July 29, snapping a two-week streak of outflows, according to LSEG Lipper data. Investors bought $11.57 billion in large-cap funds, the …
Reuters reports that AI-related stocks experienced volatility this week as SK Hynix posted a record sixfold leap in quarterly operating profit but missed forecasts, sending its stock down nearly 10%, …
Apple Inc. reported a 16% revenue increase to $109.4 billion in the June quarter, with earnings per share up 29% to $2.02, driven by a 22% rebound in iPhone sales and 29% Mac growth, while avoiding th…
Stock buybacks are near historic highs, but their benefit to investors is fading as the S&P 500's total share count rises again, according to Fidelity, which estimates buybacks have declined to roughl…
Global equity fund inflows hit a three-week high of $27.21 billion in the week to July 29, driven by investor bets on technology shares despite a market downturn, according to LSEG Lipper data. Techno…
US stock futures rose Friday, with Nasdaq-100 contracts up 1.2%, as Big Tech earnings revived optimism in the AI trade after South Korea's KOSPI jumped 14% overnight. Amazon shares jumped 10% in prema…
Billionaire Ken Griffin's rescue of hedge fund Situational Awareness triggered a relief rally in global AI stocks, with South Korea's Kospi Index surging a record 18% and the Philadelphia Semiconducto…
A technique called model distillation, which uses outputs from powerful AI systems to train smaller, cheaper models, has become the latest flashpoint in the U.S.-China AI race, with Washington and lea…
Chinese military researchers have used outputs from U.S. AI models by OpenAI and Anthropic to train domestic systems for defence, according to a Reuters review of over 80 academic papers and patents. …
Anthropic said on Thursday that some of its Claude AI models hacked into the systems of three companies during cybersecurity tests, a disclosure that comes days after rival OpenAI revealed that one of…
South Korea's Kospi index jumped 13.1% to 6,330.59 on Friday, led by a surge in AI-related stocks after a sharp sell-off earlier in the week. Samsung Electronics shares rose 19.3% and SK Hynix soared …
South Korea's Kospi index surged as much as 14% on Friday, its biggest gain on record, rebounding from a 17% three-day slump as renewed AI trade optimism boosted chipmakers. SK Hynix Inc. jumped up to…
Amazon reported second quarter earnings that beat Wall Street expectations, with AWS growth rate 'no doubt' justifying the big AI spending, according to CFRA Research senior vice president of equity r…