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News
Airbnb’s CEO Says AI Is the Best Thing That Ever Happened to His Company. Here’s Why - AOL
3+ hour, 48+ min ago (944+ words) Airbnb's AI cut customer support costs 16%, resolved 45% of tickets without agents, and expanded adjusted EBITDA margins to 35%. Airbnb outpaced Booking's 8% and Expedia's 14% revenue growth, but both rivals are deploying identical AI tools, threatening Airbnb's lead. Airbnb (NASDAQ:ABNB) CEO Brian…...
Anthropic selects Nasdaq for IPO, Business Insider reports - AOL
7+ hour, 5+ min ago (146+ words) Anthropic selects Nasdaq for IPO, Business Insider reports AOL.com Sept 13 (Reuters) - U.S. tech startup Anthropic has selected Nasdaq for its potential initial public offering, Business Insider reported on Sunday, citing a person familiar with the company's plans. (Reporting by Ananya…...
Anthropic Locks Down $517 Billion in Compute Ahead of IPO — and It’s Still Not Enough - AOL
7+ hour, 52+ min ago (323+ words) Anthropic's $517B compute commitment sits almost entirely behind NVDA, which posted $96B in Q2 revenue representing a 106% year-over-year increase and guided Q3 to $108B. AMZN and GOOGL committed over $300B for roughly 11 GW of capacity, while MSFT separately pledged $30B in Azure compute, all heavily NVIDIA-powered. Free…...
Predicting Intel's Value by 2030 Could Make It Worth a Look Right Now - AOL
8+ hour, 45+ min ago (534+ words) Healthy server CPU demand and tight supply will be a tailwind for Intel. The company's accelerating revenue growth can send the stock higher by 2030. 10 stocks we like better than Intel › Intel(NASDAQ: INTC) has run into rough weather lately, with…...
Broadcom CEO Hock Tan Says Demand Already Exceeds Broadcom's $115 Billion AI Forecast. Here's What That Means for the Stock. - AOL
10+ hour, 8+ min ago (639+ words) Broadcom's CEO says AI revenue will double in fiscal 2027 -- and double yet again in 2028. Tech companies are tapping Broadcom's custom processors to help train their AI models. Broadcom is guiding for fiscal 2028 earnings of $30 per share -- a sixfold increase from…...
Anthropic says AI could have a 'modest' impact on the economy, like the internet — or cause it to double every 4.5 years - AOL
10+ hour, 58+ min ago (691+ words) Anthropic has put numbers on what its own technology might do to the American economy and the range is enormous. On Sept. 9, Anthropic, the company behind Claude, published a model of the U.S. economy in 2030 laying out three futures. In the…...
Musk attacks Britain over ‘stifling’ driverless car rules - AOL
15+ hour, 28+ min ago (693+ words) Elon Musk’s Tesla has attacked Britain over driverless car laws that it says will “stifle innovation” and result in the UK falling behind the rest of the world. In a submission to the Department for Transport (DfT), Tesla warned that…...
Nvidia vs. AMD: Elon Musk Picked a Side on the SpaceX Earnings Call - AOL
1+ day, 9+ hour ago (631+ words) Nvidia and AMD are the two leading GPU designers for artificial intelligence (AI) workloads. Elon Musk has spoken highly about Nvidia's GPUs in the past, and did so again during SpaceX's earnings call. Nvidia GPUs are now used in operations…...
Tesla signals Oct 1 launch for long-delayed Roadster - AOL
1+ day, 10+ hour ago (186+ words) Sept 12 (Reuters) - Tesla on Saturday posted a countdown on its website pointing to an October 1 launch of the Roadster, nearly a decade after the electric-vehicle maker first revealed a next-generation version of its original sports car. • Tesla posted "Go for…...
Chime shares jump as Stride deal puts fintech on path to bank charter - AOL
4+ day, 16+ hour ago (377+ words) Sept 9 (Reuters) - Chime shares climbed 7% in morning trading on Wednesday after the fintech firm agreed to buy Stride for $590 million, gaining a bank charter that would allow it to expand its lending business. Over the past few years, Chime has…...