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Alphabet, Google’s parent company, reported sales that narrowly fell short of Wall Street’s expectations, weighed down by disappointing growth in its cloud-computing division, which sells the company’s artificial intelligence tools to other businesses. The Silicon Valley giant reported revenue of $96.5 billion in its most recent quarter, an increase of 12 percent from a year…
OpenAI, the San Francisco artificial intelligence company that has been on a yearslong money-raising frenzy, is in talks with the Japanese conglomerate SoftBank for an investment up to $25 billion, according to three people familiar with the negotiations. Some of that money could be used to cover OpenAI’s commitment to Stargate, the $100 billion data…
Investors worried about how much money big technology companies are spending on artificial intelligence did not get much relief from Microsoft when it reported its latest financial results on Wednesday. In its most recent quarter, which ended on Dec. 31, Microsoft kept up its rapid drive to build data centers to power cloud computing and…
Meta said on Wednesday that it had agreed to pay President Trump $25 million to settle a 2021 lawsuit he filed over the suspension of his Facebook and Instagram accounts after the Jan. 6 riot at the Capitol. The move was a significant concession by a major tech company and a victory for Mr. Trump,…
Mark Zuckerberg spent all of 2024 telling investors that artificial intelligence would be key to the future of his company, Meta. In 2025, he plans to put his money where his mouth is. On Friday, Mr. Zuckerberg said the company expected its capital expenditures in 2025 to come in at an estimated $60 to $65…
The Biden administration issued sweeping rules on Monday governing how A.I. chips and models can be shared with foreign countries, in an attempt to set up a global framework that will guide how artificial intelligence spreads around the world in the years to come. With the power of A.I. rapidly growing, the Biden administration said…
Constellation Energy, the nation’s largest nuclear power plant operator, has agreed to buy another electricity producer, Calpine, for $16.4 billion, a deal that shows how fast-rising demand for power, partly a result of the data centers technology companies are building for artificial intelligence and other services, is having far-reaching affects on the economy. The cash-and-stock…
The next big fight over offshoring is playing out in Washington, and this time it involves artificial intelligence. The Biden administration, in its final weeks in office, is rushing to issue new regulations to try to ensure that the United States and its close allies have control over how artificial intelligence develops in the years…
