Markets are looking for assurances that DeepSeek hasn't completely disrupted the AI investment thesis. They may be disappointed.
Chinese artificial intelligence startup DeepSeek stunned markets and AI experts with its claim that it built its immensely popular chatbot at a fraction of the cost of those made by American tech tita
Microsoft yesterday reported profits of US$24.1 billion in the recently ended quarter, but shares slid on worries over its vital cloud
A late-night post on X from Microsoft CEO Satya Nadella on an economic concept known as Jevons Paradox sought to counter fears that the emergence of China’s DeepSeek large language model and chatbot would pop the artificial-intelligence bubble.
Microsoft on Wednesday reported profits of $24.1 billion in the recently ended quarter, but shares slid on worries over its vital cloud computing business.
The emergence of China-based AI app DeepSeek sent shares plummeting on Monday for many U.S. tech giants, including chipmaker Nvidia and AI-backer Microsoft.
BMO Capital Markets adjusted its outlook on Microsoft Corporation (NASDAQ:MSFT), reducing the price target from $495 to $490, while maintaining an Outperform rating on the stock. The revision follows Microsoft's recent disclosure of Azure's performance,
Building and operating AI systems is costly, and Microsoft has said it plans to spend 80 billion dollars (£64.38 billion) this year as it expands its global network of energy-hungry computing centres and supplies them with specialised chips to train and run AI models.
The company, which has been battling copyright infringement claims from the media, is not happy that someone stole its data to train an AI chatbot
Microsoft boss Satya Nadella (pictured) hailed the AI revolution as a 'massive opportunity' as he doubled down in the face of a market backlash.
Did the upstart Chinese tech company DeepSeek copy ChatGPT to make the artificial intelligence technology that shook Wall Street this week?
Financial services company Virgin Money was forced to apologize after its AI-powered chatbot threatened to cut off bank customers who use the word "virgin."