Q2 earnings: AI sector enters flat spin as consumer disinterest in chatbots intensifies
Despite unbridled optimism and massive spending, generative AI is still a solution looking for a problem. Go to Source
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‘Magnificent seven’ stocks shed $2.6T in lead-up to busy earnings week
The world’s best-performing tech stocks have bled an average $125 billion market cap per day for the past 20 days while crypto market cap has risen 11%. Go to Source
Microsoft investors’ fears escalate over AI’s slow payoff
Microsoft investors are increasingly anxious about the slow financial returns from its significant investments in artificial intelligence, despite Azure’s steady growth. Go to Source
How decentralization could have prevented the global Microsoft meltdown
The recent Microsoft failure shows how vulnerable centralized systems are. Go to Source
CrowdStrike stock falls another 13% on Monday, days after global IT outage
“We are likely to experience similar incidents,” said Binance CSO Jimmy Su in the wake of the global computer outage. Go to Source
Microsoft blames Crowdstrike meltdown on 2009 European Union deal
The security incident affected 8.5 million Windows systems worldwide as commercial operations were hit with the “blue screen of death.” Go to Source
From Microstrategy to Gamestop — Backed Introduces 5 New Tokenized Equities
Backed, a firm specializing in real-world asset (RWA) tokenization, has launched five new tokenized equities. The newly introduced tokens represent stocks of prominent companies, offering non-U.S. investors exposure to these assets via blockchain technology. RWA Firm Backed Launches 5 Tokenized Stocks Backed‘s new tokenized equities include bMSFT (Microsoft), bGME (Gamestop), bMSTR (Microstrategy), bTSLA (Tesla), and … Read more
Microsoft and Apple renounce OpenAI board membership
After investing $13 billion in OpenAI last year, Microsoft is distancing itself from the AI startup amid growing scrutiny from regulators. Go to Source
Judge dismisses coders’ DMCA claims against Microsoft, OpenAI and GitHub
The partial dismissal indicates complainants failed to demonstrate that GitHub reproduces human-created code. Go to Source
Microsoft, Google, Nvidia and more filed SEC warnings that AI could ruin business
The reasons ranged from cannibalizing their own businesses to releasing potentially inferior products. Go to Source
