Author: GT

Sam Altman, CEO of OpenAI attends the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idaho, U.S., on July 8, 2025. David A. Grogan | CNBCOpenAI has secured $8.3 billion in new capital as part of its $40 billion fundraise, according to a person familiar with the transaction. The fresh capital comes as the artificial intelligence company’s business accelerates. Annual recurring revenue jumped to $13 billion, up from $10 billion in June, said the person, who spoke on condition of anonymity to discuss confidential financial information, and is projected to…

Amazon CEO Andy Jassy looks on during an Amazon Devices launch event in New York City, U.S., February 26, 2025. REUTERS/Brendan McDermidBrendan Mcdermid | ReutersAmazon on Thursday reported second-quarter earnings that beat expectations on most metrics, but the results weren’t good enough to please Wall Street. Amazon stock slid following the release and throughout the conference call. Shares were down about 7% Friday.Profit guidance was weaker than expected, while cloud growth underwhelmed investors.That overshadowed an otherwise upbeat report that included strong revenue and profits, steady retail growth and a 23% increase in advertising sales. Amazon also offered a rosy revenue…

Echoing sentiments shared in his “superintelligence”-focused blog post this morning, Meta CEO Mark Zuckerberg expanded on his bullish ideas that glasses will be the primary way users interact with AI in the years ahead. During Meta’s second-quarter earnings call, the social networking exec told investors he believes people without AI glasses will be at a disadvantage in the future. “I continue to think that glasses are basically going to be the ideal form factor for AI, because you can let an AI see what you see throughout the day, hear what you hear, [and] talk to you,” Zuckerberg said during…

Shah Muhammad, who leads AI Innovation at the design and engineering firm Sweco, offers his insights into how AI is building the cities of the future.Ever been stuck in traffic and thought, “Surely, there’s a better way to design this city?” Or walked past a giant new building and wondered if it would be an energy-guzzling monster?For decades, building our towns and cities has been a slow, complicated process, often relying on educated guesswork. But what if we could give city planners superpowers? What if they could test-drive a dozen different futures before a single shovel hits the ground?That’s exactly…

Chevron on Friday reported second-quarter earnings that took a substantial hit due to low oil prices and a loss on its acquisition of Hess Corporation.The oil major’s net income declined about 44% to $2.49 billion, or $1.45 per share, from $4.43 billion, or $2.43 per share, in the same period last year.Chevron booked a $215 million loss on the fair value measurement of Hess shares. When adjusted for that charge and other one-time items, Chevron earned $1.77 per share to beat Wall Street estimates.Here is what Chevron reported for the second quarter compared with what Wall Street was expecting, based…

Over the next year, Aurora Innovation CEO Chris Urmson wants to “unlock” the Sunbelt of the United States, a southern route where its self-driving trucks will carry goods for companies like Uber Freight and Hirschbach Motor Lines. Aurora, which launched its driverless commercial self-driving truck service this spring, has already made some progress toward that goal. The company reported Wednesday in its second-quarter letter to shareholders that it now has three self-driving trucks operating commercially between Dallas and Houston, and logged more than 20,000 driverless miles by the end of June. Its commercial self-driving trucks have a human “observer” in…

SAN FRANCISCO (AP) — A federal appeals court has upheld a jury verdict condemning Google’s Android app store as an illegal monopoly, clearing the way for a federal judge to enforce a potentially disruptive shakeup that’s designed to give consumers more choices.The unanimous ruling issued Thursday by the Ninth Circuit Court of Appeals delivers a double-barreled legal blow for Google, which has been waylaid in three separate antitrust trials that resulted in different pillars of its internet empire being declared as domineering scofflaws monopolies since late 2023.The unsuccessful appeal represents a major victory for video game maker Epic Games, which…

Exxon Mobil reported second-quarter earnings on Friday that declined significantly compared to last year, though the company beat Wall Street estimates as production growth softened the impact of lower oil prices.Exxon’s net income fell 23% to $7.1 billion, of $1.64 per share, compared to $9.2 billion, or $2.14 per share, in the same period last year.Here is what Exxon reported for the second quarter compared with what Wall Street was expecting, based on a survey of analysts by LSEG:Earnings per share: $1.64 vs. $1.54 expectedRevenue: $81.5 billion vs. $80.77 billion expectedThe oil major pumped 4.6 million barrels per day in…

Ambiq Micro, a 15-year-old manufacturer of energy-efficient chips for wearable and medical devices, closed its first day of trading on Wednesday at $38.53 a share, a 61% increase from the $24 IPO price the company set the previous day. The success of the IPO signals strong investor demand in the public market for new small-cap companies benefiting from AI innovation. Ambiq closed its first day as a public company with a valuation of $656 million (excluding employee options). This represents a significant increase from its last private funding valuation of $450 million in 2023, according to PitchBook. The company has…

GitHub Copilot, an AI coding tool offered by Microsoft-owned GitHub, has now reached more than 20 million users, Microsoft CEO Satya Nadella said on the company’s earnings call Wednesday. A GitHub spokesperson confirmed to TechCrunch that this number represents “all-time users.” That means 5 million people have tried out GitHub Copilot for the first time in the last three months — the company reported in April the tool had reached 15 million users. Microsoft and GitHub don’t report how many of these 20 million people have continued to use the AI coding tool on a monthly or daily basis —…