Microsoft spends billions building its own AI models every year. Internally, though, the company just told its own developers to reach for someone else’s technology first. The instruction came from deep inside Microsoft’s engineering organization, and it says as much about the economics of AI spending as it does about which chatbot writes better code.
Advanced Micro Devices (AMD) just reported the strongest quarter in its 56-year history, and shareholders responded by selling. The chipmaker posted record revenue, more than doubled its data center sales, and raised its outlook above what Wall Street expected. On paper, it was close to a perfect print, but the stock fell anyway. It droppedas
For the past two years, investors have treated artificial intelligence as a technology story. If you wanted exposure to the AI boom, you bought Nvidia (NVDA). Maybe Microsoft. Perhaps Broadcom or AMD. The winners all seemed to make chips, servers, or software. Caterpillar (CAT) just proved that wrong. The construction-equipment giant reported one of the
As diplomatic talks between the U.S. and Iran continue to hit roadblocks, a highly volatile security situation in the Middle East makes it difficult for airlines that fly into cities like Dubai and Riyadh to plan future service. Dutch flag carrier KLM has, since the joint U.S.-Israeli strike that set off the war on the
Software stocks have had a rough year. The fear driving them down is real: AI agents are getting good enough to automate tasks that enterprise software used to handle, and investors have been cutting valuations across the board. The debate has been running all year with no clear answer. On Aug. 3, one CEO stepped
The air operator’s certificate, commonly shortened to AOC, is the single most essential piece of documentation that commercial airlines all over the world need to sell flights to passengers, transport cargo or conduct certain types of search and rescue or medical evacuation flights that fall under commercial flying (general aviation flights fall under different categories
Circle Internet Group (CRCL) issues USDC, a stablecoin designed to maintain a value of $1. The company earns most of its revenue from interest on the reserve assets backing the USDC in circulation. Circle said USDC onchain transaction volume reached $14.8 trillion during the second quarter, an increase of 151% from a year earlier. Total
Earth’s southernmost continent and the frozen landmass surrounding the South Pole, Antarctica is among the most remote tourist destinations in the world. With no permanent population due to the extreme cold that envelops the area for half of the year, the only way to experience the continent as a traveler not on an official scientific
For months, oil traders have been pricing in the possibility that the Strait of Hormuz stays closed. Every week that passed without a deal added more of a risk premium to crude. By early August, that premium had become a significant part of the price. Scott Bessent, the U.S. Secretary of the Treasury, went on
IMAX Corporation (IMAX) shareholders have watched something rare unfold over the past few weeks. A single movie has significantly impacted the company’s financial picture, and the stock moved on the news. Shares of IMAX closed above $50 for the first time in the company’s history on Monday, Aug. 3. It happened after the premium cinema