AI-generated summary Palantir releases its third-quarter financial results, beating analyst expectations across every major line and lifting its full-year revenue outlook to around $8.53 billion. Palantir says it expects fourth-quarter revenue of about $2.65 billion while raising full-year adjusted operating income guidance to about $5.25 billion.
AI-generated summary Intel released a recent earnings report that showed strong performance for its data-center and AI business despite an overall stock decline. Rasgon says earnings reports from major cloud-services providers support the idea that the artificial-intelligence trade has more room to run.
AI-generated summary SpaceX launched Grok Bot around August as an autonomous AI agent platform bundled into X subscription tiers. Elon Musk states that the cost of serving Grok Bot was unsustainably high relative to revenue.
AI-generated summary BofA Global Research economists warned that a sustained correction in the AI trade is available as a major risk to the global economy. Voters will decide 41 local data-center ballot measures on Tuesday while spending on data-center construction reached $84.95 billion in August.
AI-generated summary Anthropic made available an amended IPO filing showing a third quarter operating loss of $567 million as revenue growth slowed. Anthropic says the operating loss resulted primarily from $5 billion in computing capacity from short-term commitments and $2 billion in noncash charges.
AI-generated summary Microsoft chief economic opportunity officer Aneesh Raman released insights on how artificial intelligence is reshaping workplace career progression into a climbing wall. New research from Nicole Smith indicates that men and women may not benefit equally as artificial intelligence alters employment and career opportunities.
AI-generated summary President Luiz Inácio Lula da Silva released a law cutting taxes on qualifying data center equipment to make building them less expensive. The government hopes that bringing more computing capacity into the country will help Brazilian businesses develop AI products and rely less on foreign services.
AI-generated summary Gartner reports that organizations have launched AI-driven workforce reductions that may lead to future rehiring decisions. Gartner says that by 2029 around 30% of employees who were terminated and replaced by AI will be rehired at a greater cost to the enterprise.
The top AI news in your email delivered each morning. Choose categories