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MYSTERIOUS: 148 - What They Never Told You

Consumer Tech News (July 28–August 1): Earnings From Apple, Microsoft, and Amazon Offset by Fed Jitters, Tariff Woes

Despite strong quarterly earnings from major tech firms, Wall Street ended the week lower as investor focus shifted to mounting macroeconomic risks.

Benzinga

Sam Altman Compares OpenAI To The Manhattan Project—And He's Not Joking About the Risks

OpenAI CEO Sam Altman delivered a striking metaphor during a recent appearance on Theo Von's "This Past Weekend" podcast, comparing the creation of advanced artificial intelligence systems to the development of the atomic bomb.

Benzinga

'I Don't Do Anything Other Than Working,' Says Perplexity CEO Aravind Srinivas As His $14 Billion AI Startup Challenges Tech Giants

Perplexity Chief Executive Officer Aravind Srinivas says speed and urgency are nonnegotiable as his artificial intelligence startup races tech giants.

Benzinga

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Bill Gates Warns AI Progress 'Surprises' Even Him—Unclear When It Will Replace Human Work

Microsoft Corp. (NASDAQ:MSFT) co-founder Bill Gates warned that artificial intelligence is advancing at a pace that “surprises” even him, creating uncertainty about when AI might replace human workers across industries.

Benzinga

EU begins rollout of new AI rules with tech giants split on compliance

As major tech firms respond to the EU’s new AI code, Europe is taking its first big step towards regulating powerful artificial intelligence systems.

Radio France Internationale

Tim Cook Says 'Apple Must Do This,' As He Compares AI To Internet, Smartphone Revolutions

Apple Inc. (NASDAQ:AAPL) CEO Tim Cook conducted a rare all-hands meeting at the company’s Cupertino, California, headquarters after the company's fiscal third-quarter earnings, emphasizing the importance of artificial intelligence as a pivotal opportunity for the tech giant.

Benzinga

AI is already replacing thousands of jobs per month, report finds

The tech industry ‘is being reshaped by the advancement of artificial intelligence,’ firm says

The Independent UK

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Apple hints it could be about to make major move in AI in latest results

Apple could be about to spend big to improve its artificial intelligence offering, chief executive Tim Cook has suggested as he revealed the company’s latest results.

The Independent UK

Apple's Tim Cook 'very open to M&A that accelerates our road map' for AI' — company increasing spending on AI initiatives, reorganizing teams to address expansion

Lagging behind leading tech firms in artificial intelligence, Apple is ramping up internal efforts and actively pursuing acquisitions to accelerate its AI development, but at the same time keeping CapEx modest compared to peers like Google, Meta, and Microsoft.

Tom’s Hardware

Everyone wants to reach artificial general intelligence but why?

Everyone wants to reach artificial general intelligence but why? Here's what one AI expert thinks.

TechRadar

Reddit CEO Steve Huffman Says AI Learns From Us, Doesn't Invent Knowledge: 'Can't Have Artificial Intelligence Without Actual Intelligence'

Reddit Inc. (NYSE:RDDT) CEO Steve Huffman believes the future of artificial intelligence relies fundamentally on human input—not machine invention.

Benzinga

Tim Cook Says Apple Is 'Very Open' To AI Acquisitions Amid Mounting Pressure To Catch Up With Google, Meta And Microsoft

On Thursday, Apple Inc. (NASDAQ:AAPL) CEO Tim Cook said the company is open to considering artificial intelligence acquisitions.

Benzinga

US Tech Titan Earnings Rise On AI As Economy Roils

Tech giants Amazon, Apple, Meta and Microsoft this week eclipsed earnings expectations, cashing in on artificial intelligence (AI) while navigating economic waters roiled by US tariffs.

International Business Times

Amazon Profits Surge 35% But Forecast Sinks Share Price

Amazon reported a 35 percent jump in quarterly profits Thursday as the e-commerce giant said major investments in artificial intelligence began paying off.

International Business Times

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The Independent UK

Apple overcomes Trump's trade war, slow start in AI to deliver surprisingly strong quarter

Apple shook off a thicket of tariffs and a botched entry into artificial intelligence to accelerate its revenue growth during its springtime quarter, but the trendsetting company still faces a bumpy road ahead that could lead to higher iPhone prices

International Business Times

Microsoft Valuation Surges Above $4 Trillion As AI Lifts Stocks

Shares of Microsoft spiked Thursday following blowout quarterly results, lifting the tech giant into the previously unprecedented $4 trillion club along with Nvidia, another artificial intelligence standout.

The Independent UK

Voices: Can Mark Zuckerberg really be trusted to oversee the AI revolution?

COMMENT: As Meta's profits get supercharged by artificial intelligence, Facebook looks destined to be at the forefront of this exciting new tech frontier – but politicians should be guarding against worshipping at the altar of the tech bros, says James Moore

Benzinga

OpenAI CEO Warns Bankers Of A New Rise In Voice Fraud

The financial industry just got a wake-up call from one of tech's top minds. At a Federal Reserve conference in Washington last week, OpenAI CEO Sam Altman issued a blunt warning: Artificial intelligence has made it dangerously easy to impersonate someone's voice, putting billions of dollars and consumer trust at risk.

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The Conversation

What is personalized pricing, and how do I avoid it?

Recently, Delta Air Lines announced it would expand its use of artificial intelligence to provide individualized prices to customers. This move sparked concern among flyers and politicians. But Delta isn’t the only business interested in using AI this way. Personalized pricing has already spread across a range of industries, from…

Benzinga

Microsoft, Meta Stocks Add $440 Billion In A Day—Nearly Matching Netflix's Entire $503 Billion Market Cap

Microsoft Corp. (NASDAQ:MSFT) and Meta Platforms Inc. (NASDAQ:META) added over $400 billion in market capitalization after reporting robust earnings results on Wednesday, powered by artificial intelligence progress and roadmap, which is more than several big companies listed on the stock exchanges.

Benzinga

Microsoft Is Paying Up To $2.4 Million For Top Tech Talent—Leaked Docs Show Amid AI Talent Arms Race

Microsoft Corp. (NASDAQ:MSFT) is paying distinguished engineers up to $2.4 million annually, according to leaked internal compensation documents, revealing the software giant’s escalating investment in top-tier technical talent amid Silicon Valley’s heated artificial intelligence hiring war.

Benzinga

China Questions Nvidia's AI Chip As US Export Controls Stoke Tensions

Nvidia Corp. (NASDAQ:NVDA) has come under renewed regulatory pressure in China, just weeks after a U.S. policy reversal opened the door for sales of its H20 artificial intelligence chip to the Chinese market.

Euronews

Tech CEOs say AI is driving mass layoffs. Experts say that's only half the story

Large tech companies have laid off staff, citing advances in AI. Experts say reality is more complicated.

Benzinga

Mark Zuckerberg Says Not Wearing Meta Ray-Ban Like AI Glasses Will Be Similar To Having Poor Vision Without Corrective Contact Lenses

Meta Platforms Inc. (NASDAQ:META) CEO Mark Zuckerberg believes smart glasses powered by artificial intelligence will become so essential that not wearing them will put users at a cognitive disadvantage—similar to living with poor eyesight and no corrective lenses.

Benzinga

Chamath Palihapitiya Weighs In On Meta's AI Ambitions As Energy Bottlenecks Emerge As The True Limiter

Venture capitalist Chamath Palihapitiya highlighted energy constraints as the primary barrier to artificial intelligence expansion, responding to concerns about Meta Platforms Inc. (NASDAQ:META) facing infrastructure bottlenecks despite massive capital expenditure plans.

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