Wall Street has spent three years paying for the companies that build AI. It is starting to pay for the companies that use it. The rotation has a number behind it. Morgan Stanley ran a systematic analysis of earnings call transcripts. It found that 25%…
Cover Genius has acquired Friendsurance, the Berlin company that invented peer-to-peer insurance. The deal took effect immediately, and neither side disclosed a price. Friendsurance built its name on a simple idea. Small groups of policyholders pool to…
Coforge reported first quarter revenue of $592.2m on Monday. That is a rise of 33% in dollar terms over the year, and 21.1% on the previous quarter. In rupees the annual increase reads 49%. Profit after tax reached $55.6m. Those numbers land in an indu…
Amkor Technology reported record second quarter results on Monday. Revenue reached $1.9bn, up 26% on a year earlier, and net income more than tripled. Operating income roughly doubled to $200m. Earnings came in at $0.70 a diluted share, against $0.22. …
A Texas company has begun selling corrections agencies an artificial intelligence system that listens to prison phone calls. It works out who is speaking, whether or not the speaker wants that. LEO Technologies, based in Austin, announced Verus Voice A…
Apple is preparing a push into the smart home with a new Apple TV 4K, an updated HomePod mini, and a hub device built around its rebuilt Siri, Bloomberg’s Mark Gurman reported on Tuesday. The hardware for the first two has reportedly been finished for …
OpenAI CEO Sam Altman recently declared on the Relentless podcast that artificial intelligence has entered the technological singularity.
Australian Prime Minister Anthony Albanese’s proposed national environmental and energy controls for the country’s A$150 billion data centre pipeline hit their first obstacle on Tuesday, when two jurisdictions declined to back them. Federal, state and …
Nvidia is working on a fresh round of AI infrastructure deals potentially worth more than $750 billion, Bloomberg reported, accelerating a pattern of investment that critics say inflates demand and valuations across the sector. The response from the de…
Fitch Ratings has gathered a number of the market’s quieter anxieties into a single sentence, warning that a possible AI market correction is now emerging as one of the biggest credit risks facing the global economy. The judgement comes in the agency’s…