Despite offering salaries in millions annually, Meta Platforms Inc. (NASDAQ: META) is witnessing a talent drain in its AI division, with employees migrating to competitors OpenAI and Anthropic amid the rising demand for AI expertise.
The company was reportedly toying with the idea of either adopting its traditional approach of per-seat software licenses that would fetch a certain amount per month or instituting consumption-based pricing.
CFO Safra Katz said the Stargate AI venture isn’t formed yet but “some of our business with OpenAI, which is one of our partners in Stargate, is part of our future very much so.”
Talen Energy stock is surging after expanding its carbon-free nuclear power deal with Amazon. The Susquehanna plant will now power AWS data centers with 1,920 megawatts through 2042.
Marvell Technology (NASDAQ: MRVL) announced a custom UALink scale-up offering for custom AI compute platforms, enabling efficient and scalable interconnects between AI accelerators and switches. MRVL stock was up 0.97% to $69.46 at last check.
Nvidia announces collaborations with European countries and companies to build world's first industrial AI cloud, including partnerships with software vendors and cloud providers.
In a recent survey, a majority of CEOs have expressed confidence in the U.S. economy, with a notable decrease in the number of business leaders anticipating a recession this year.
Gary Black, a seasoned Wall Street investor, has made a significant shift in his investment strategy. Black, who recently sold off his remaining shares in Tesla Inc. (NASDAQ: TSLA), is now focusing on what he sees as major opportunities in big tech.
