All articles tagged with #ai services
Accenture exceeded Wall Street revenue expectations in Q1, driven by strong demand for AI-driven IT services and strategic partnerships with AI startups, despite some challenges in the public sector. The company reported $18.74 billion in revenue, surpassing estimates, and plans to continue its AI expansion, though it forecasted slightly lower revenue for the next quarter.
CoreWeave's shares dropped 10% after delaying a key data center project, which led to a downward revision of its annual revenue forecast despite strong demand for AI services. The company faces margin pressures from rising infrastructure costs and competition, and has experienced operational risks in its AI data center expansion. Despite these challenges, it reported third-quarter revenue exceeding estimates, but its profit margins declined.
Apple has formed a new Answers, Knowledge, and Information team to improve Siri's capabilities, especially in answering everyday questions more effectively, which could significantly enhance user perception of Siri's intelligence and usefulness.
OpenAI's ChatGPT and related services are experiencing global outages and performance issues, with some users facing errors, slowness, and partial service disruptions, while investigations into the cause are ongoing.
Google terminated 28 employees following protests against the company's contract to provide cloud computing and AI services to the Israeli government and military. The protests, led by the "No Tech For Apartheid" organization, resulted in arrests and terminations. The terminated employees were found to be involved in disruptive behavior, violating company policies. The protests reflect growing employee opposition to Google's military use of its technology, with previous incidents including the firing of an engineer and the shutdown of an internal message board.
OpenAI's CEO Sam Altman has been pitching AI services, including ChatGPT Enterprise, to Fortune 500 companies in San Francisco, New York, and London, aiming to expand revenue sources from corporate clients, potentially competing with its backer Microsoft. The enterprise-grade chatbot, text-to-video models, and APIs were demonstrated, with a focus on industries like finance, healthcare, and energy. OpenAI aims to diversify its revenue stream and achieve a $1 billion revenue target by 2024, with a growing interest in enterprise adoption and Hollywood partnerships for its Sora video creation tool.
OpenAI's CEO Sam Altman has been pitching AI services, including ChatGPT Enterprise, to Fortune 500 executives in a series of events in San Francisco, New York, and London, aiming to expand revenue from corporate clients, potentially competing with its backer Microsoft. The enterprise-grade chatbot, software to connect customer applications to AI services, and text-to-video models were demonstrated, with a focus on industries like finance, healthcare, and energy. OpenAI, valued at $86 billion, is diversifying its revenue stream and expects enterprise sales to become a significant part of its revenue, with over 600,000 sign-ups for ChatGPT Enterprise and Team. Additionally, the company's Sora video creation tool has garnered interest and some concerns from Hollywood studios.
Chinese media reports that Apple is purchasing AI services from Baidu, a local tech giant, for its upcoming iOS 18. Baidu's ERNIE Bot, an AI model, is expected to provide advanced language processing capabilities for Apple's products. While the collaboration has not been officially confirmed, it aligns with Apple's recent focus on generative AI, and the need for region-specific models approved by local regulators. Baidu's expertise in generative AI and its existing approval for use in China make it a plausible partner for Apple's AI needs in the region.
Amazon's cloud division, Amazon Web Services (AWS), saw a 13% year-over-year revenue growth in the fourth quarter, driven by increasing traction in cloud services for artificial intelligence. The company introduced new products like the Q chatbot and Trainium2 chip to capitalize on corporate interest in AI capabilities. Despite the growth, AWS' top U.S. challengers, Microsoft's Azure and Google Cloud, posted faster revenue growth. Amazon CEO Andy Jassy highlighted the acceleration of larger new deals and migrations, while CFO Brian Olsavsky announced a change to extend the useful life of servers, expected to boost first-quarter operating income.
IBM shares surged to a more than 10-year high after reporting a strong revenue outlook driven by robust demand for its artificial intelligence (AI) services, particularly from its generative AI business. The company's stock rose nearly 13%, adding about $20 billion to its market capitalization, and is on track for its biggest daily percentage gain since March 2020. At least eight Wall Street analysts raised their price targets for IBM's stock, with the median price target at $144.50 and an average recommendation of "hold". IBM's stock is currently trading at about 17 times its next 12-month's expected earnings, and its AI-related bookings are expected to contribute to a 4%-6% revenue growth in 2024.
OpenAI's ChatGPT and API services have been experiencing periodic outages due to a DDoS attack, which has been claimed by Anonymous Sudan. The attack coincided with the release of new features on OpenAI's platform, causing high demand and service instability. Users received various error messages and were unable to access ChatGPT during the outages. OpenAI's engineering team has been working to resolve the issues, and the incident highlights the challenges of maintaining large-scale AI services. Alternative AI tools like Google Bard and Claude.ai also experienced downtime during this period.
Iran's first mobile operator, MCI, will showcase its key artificial intelligence (AI) services, including Smart Logistics and Connected Car, at the GITEX GLOBAL 2023 tech show in Dubai. The company aims to expand its presence in international markets and seek cooperation opportunities with other technology firms. MCI will also offer virtual tours of Iran and daily giveaways of free tickets to travel to Iran during the event.
Microsoft is reportedly building a consumer version of its Windows 365 cloud-PC streaming service that will allow anyone to subscribe to a Windows PC hosted in the cloud that can be accessed on any device. The company plans to move Windows 11 increasingly to the cloud, enabling a full Windows operating system streamed from the cloud to any device. The service will also offer AI-powered services and full roaming of people's digital experiences across devices. Microsoft is already building deep Windows 365 integration into Windows 11, which will allow users to seamlessly switch to or automatically boot into a Windows 365 cloud PC on their devices.