Rivian CEO RJ Scaringe reacts at an event to unveil a smaller R2 SUV in Laguna Beach, California, U.S., March 7, 2024. Mike Blake | Reuters Shares of Rivian Automotive surged 13% on Thursday as the EV maker unveiled three new vehicles and announced more than $2 billion in savings related to pausing construction on …
Google is launching what it considers its largest and most capable artificial intelligence model Wednesday as pressure mounts on the company to answer how it’ll monetize AI. The large language model Gemini will include a suite of three different sizes: Gemini Ultra, its largest, most capable category; Gemini Pro, which scales across a wide range …
Jacob Kupferman | Getty Images The Miami Dolphins and the New York Jets face off in the National Football League’s first ever Black Friday game this week — but it’s not going to be the usual broadcast or cable offering. The game will stream exclusively on Amazon’s Prime Video. The NFL’s decision to start a …
Nvidia shares moved down 1% in extended trading on Tuesday after the chipmaker reported fiscal third-quarter results that surpassed Wall Street’s predictions. But the company called for a negative impact in the next quarter because of export restrictions affecting sales to organizations in China and other countries. “We expect that our sales to these destinations …
Sundar Pichai, CEO, Alphabet Lluis Gene | AFP | Getty Images Alphabet reported 11% revenue growth in the third quarter, as a rebound in advertising pushed expansion into double digits for the first time in over a year. The shares dropped almost 7% in extended trading as the cloud business missed analysts’ estimates. Here are …
Sopa Images | Lightrocket | Getty Images Instacart shares rose 12% in their Nasdaq debut on Tuesday after the grocery delivery company’s long-awaited IPO. The stock initially popped 40% to open at $42, but closed at $33.70 as investors locked in their initial gains. The offering late Monday at $30 a share valued Instacart at …