Same-Store Sales at Starbucks Drop, Pushing Revenue Down 1.8%
After the chain’s quarterly earnings missed Wall Street’s estimates, its shares fell more than 12 percent in after-hours trading.
Posted inArtificial Intelligence Cloud Computing Company Reports Computers and the Internet Data Centers Google Inc Jassy, Andrew R Meta Platforms Inc Microsoft Corp Nadella, Satya NVIDIA Corporation
In Race to Build A.I., Tech Plans a Big Plumbing Upgrade
The spending that the industry’s giants expect artificial intelligence to require is starting to come into focus — and it is jarringly large.
Exxon Mobil and Chevron Report Lower Earnings
Profits for the two oil giants, which are locked in a standoff over drilling off the coast of Guyana, were squeezed by lower profitability for refining crude and falling natural gas prices.
Posted inArtificial Intelligence Cloud Computing Company Reports Computers and the Internet Microsoft Corp Nadella, Satya OpenAI Labs
Microsoft Reports Rising Revenues as A.I. Investments Bear Fruit
The tech giant’s quarterly results included strong growth in cloud computing, fueled by its services in generative artificial intelligence.