Alphabet Stock Drops Almost 2% As OpenAI Will Announce ChatGPT Updates and Apple Nears Deal With OpenAI
Artificial intelligence company OpenAI will announce product updates via livestream on Monday, the company said in a post, stoking speculation about the AI giant’s next major release.OpenAI said that
Post-Bell | Wall Street Closes up; TSMC Gains 4.5%; Zeekr Soars Nearly 35% in Stellar US Market Debut
U.S. stocks eked out modest gains on Friday and all three indexes posted another weekly advance as investors parsed comments from Federal Reserve officials and looked ahead to crucial inflation data n
U.S. stock index futures rose on Friday, as investors eagerly awaited comments from Federal Reserve officials to get more clarity on rate cuts, after economic data this week supported bets of monetary
Alphabet Stock Slips 1%. A New AI Search Rival Could Be Around the Corner
Alphabet stock was slipping early Friday while the broader stock market was gaining. Stockholders might be nervous about a possible rival to the company's Google search engine from artificial-intelligence company OpenAI.Alphabet stock was down 0.7% in premarket trading. S&P 500 futures were up 0.3%.Microsoft-backed OpenAI is planning to unveil its AI-powered search product on Monday, Reuters reported, citing people familiar with the matter. It's a move that would bring the ChatGPT developer into much more direct competition with Alphabet's Google.So far, AI hasn't seemed to make much of an impression on the search-engine market despite the sector being targeted by companies such as Perplexity, an AI company backed by Nvidia and Amazon founder Jeff Bezos. Issues around the reliability of AI-generated answers and the cost of carrying out queries have limited the technology's capacity to replace current search engines.Google has added a generative AI feature to its own standard search eng
Pre-Bell | Weekly Jobless Claims Jump to 231,000; Roblox Tumbles 30%; Arm Sinks 8%
U.S. stock index futures slipped on Thursday as Treasury yields extended gains ahead of jobless claims data that is expected to offer more clues on the Federal Reserve's monetary policy path for the y
Post-Bell | Dow Ends Higher for 6th Session; Arm Drops 10% after Earnings; Shopify Drops 19%; Tesla Declines 2%
The Dow Jones Industrial Average ended higher on Wednesday, stretching its winning streak to six straight sessions and closing above 39,000 points for the first time in five weeks, as investors kept b
U.S. stock index futures were set for a lower open on Wednesday following a weak forecast from Uber and a rebound in bond yields as investors sought more clarity on the Federal Reserve's plans for int
Tesla Falls 3% After Report US Autopilot Probe to Focus on Securities, Wire Fraud
(Reuters) - U.S. prosecutors are examining whether Tesla committed securities or wire fraud by misleading investors and consumers about its electric vehicles’ self-driving capabilities, three people f