An NBC News analysis found that despite the AI hype, only a few companies are actually using it. The hype surrounding artificial intelligence (AI) is reaching a crescendo among major US companies, with almost half of the S&P 500 firms featuring AI prominently in their earnings calls since May.
Industry
Elon Musk's AI Startup X.AI Seeks to Raise $1 Billion From Equity Investors
Elon Musk's artificial intelligence startup X.AI reportedly seeks to raise up to $1 billion in funding from equity investors.
Gold Price Hits New Record High; Bitcoin Value Also Surges
Gold has achieved a new record high, accompanied by a notable surge in the value of Bitcoin. Gold has achieved a new record high, accompanied by a notable surge in the value of Bitcoin, signaling a shift in investor strategies influenced by changing interest rate expectations, according to BBC.
Spotify to Lay Off 17% of Its Workforce — Here’s What CEO Daniel Ek Has to Say
Music streaming giant Spotify has announced a significant workforce reduction, saying it will lay off 17% of its employees.
Uber Shares Jump After the Ride-Hailing Company Picked to Join the S&P 500 Index
Uber shares popped Monday after it was announced that the ride-hailing company has been selected to join the S&P 500 Index.
Latest News
Federal Reserve Chairman Jerome Powell has dismissed market speculations for aggressive interest rate cuts ahead.
The United States (US) has issued long-awaited guidance that will limit China's role in electric vehicles (EVs).
Media stocks experienced a significant uptick on Friday after a report of Apple and Paramount agreeing to provide a bundled package featuring their respective streaming services.
Germany is reportedly grappling with an economic slowdown that is now impacting its labor market. Germany, Europe's largest economy, is reportedly grappling with an economic slowdown that is now impacting its labor market.
Activist investor Nelson Peltz and his firm Trian Fund Management have reportedly launched a proxy fight with Disney as they aim to secure more than two seats on the board.
General Motors (GM) has unveiled a $10 billion accelerated share repurchase program and reinstated its 2023 earnings guidance.
SoFi Invest is exiting the cryptocurrency world amid increased regulatory scrutiny. SoFi Invest is exiting the cryptocurrency world amid increased regulatory scrutiny.
Spirit Airlines is offering early departure packages to salaried employees. Amid ongoing financial challenges, Spirit Airlines is offering voluntary exit packages to salaried employees to salaried employees, marking the latest cost-cutting strategy by the budget carrier.
Elon Musk's Neuralink, a company focused on developing brain implant technology, has secured an additional $43 million in funding.
