HUFFPOST - Microsoft Plunges, Meta Rallies As Investors Demand AI Payoffs
Microsoft dropped 10%, shedding more than $350 billion in market value after its cloud business failed to impress, while Meta gained 10%.
NYTIMES (Cade Metz) - Amazon and Google Eat Into Nvidia’s A.I. Chip Supremacy
The rivals made billions of dollars in the business over the past year, showing other companies that Nvidia isn’t the only game in town.
NYTIMES (Natallie Rocha) - Microsoft Continues to Spend Big on A.I. While Profit Jumps 60 Percent
The company said on Wednesday that revenue in the most recent quarter was $81.3 billion, but its share price dropped more than 5 percent in after-hours trading.
NYTIMES (Karen Weise) - Amazon to Cut 16,000 Jobs in Latest Round of Layoffs
The e-commerce giant has been cutting costs in part to redirect money into building data centers to compete in the race to dominate artificial intelligence.
AXIOS (Madison Mills) - Exclusive: Inside Google's push to sell AI to cities
Google is rolling out an updated "Mayors AI Playbook " with the U.S. Conference of Mayors at the group's Winter Meeting in Washington today, the company first told Axios. Why it matters: Cities are spending more on technology, but many lack the expertise to deploy AI safely and at scale. Whoever helps them cross that gap could lock in years of government contracts. The big picture: Google's first AI playbook for mayors was about awareness. Now, it's about action: a blueprint for implementing AI strategies at the local level. What they're saying: "…the most important step you can take now is to just start. Don't wait for the perfect moment, the opportunity is now," Tom Cochran, USCM CEO and executive director said in a statement. - "AI…