Fermilab hacked as part of SharePoint cyberattack, Bloomberg reports
Elevate Your Investing Strategy:
Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time Business News
an hour ago
- Time Business News
xAI, Elon, and the Billion-Dollar Race for Developer Mindshare
In what's becoming one of the most aggressive moves in the AI arms race, Elon Musk's xAI has secured billions in funding as it looks to challenge OpenAI, Google DeepMind, and Anthropic. But beyond the flashy funding rounds and model comparisons lies a quieter—but arguably more important—battle: the competition for developer loyalty. As xAI rapidly scales up its infrastructure and capabilities, it's clear that the end goal isn't just creating a better model—it's becoming the go-to platform for builders. In the past, tech ecosystems won by locking in users. Today, it's about winning developers. Whoever becomes the preferred backend for AI-infused apps, agents, and workflows will dictate the shape of the next decade's innovation. xAI's new Grok model, now tightly integrated into X (formerly Twitter), is clearly just the beginning. With open-source flirtations and promises of transparency, xAI seems to be positioning itself not just as an alternative to OpenAI—but as the hacker's AI platform. And it makes sense: the companies building deep relationships with developers now are laying the groundwork for long-term dominance. 'AI isn't just a race for models – it's a race for developers,' said Kyle McCarthy, a startup growth strategist. 'The companies winning right now are the ones building tools devs want to use.' For early-stage founders, this shift carries major implications: Developer mindshare = platform power. Whether you're using AI for code generation, analytics, or customer support, the underlying model provider is becoming a strategic decision. Whether you're using AI for code generation, analytics, or customer support, the underlying model provider is becoming a strategic decision. Distribution now flows through ecosystems. OpenAI's tight relationship with Microsoft, and xAI's integration with X, show how channels are as important as the tech itself. OpenAI's tight relationship with Microsoft, and xAI's integration with X, show how channels are as important as the tech itself. Loyalty isn't locked yet. Many developers are still evaluating options, meaning there's a real window for xAI—or any alternative—to win them over. Elon Musk's ventures are rarely quiet, and xAI is no exception. The team has already poached talent from Google and OpenAI, launched increasingly powerful models, and is reportedly working toward tighter integrations across Tesla, X, and SpaceX. The playbook is familiar: move fast, promise big, and make it hard to ignore. Whether xAI can deliver on its lofty vision remains to be seen. But one thing is certain: in the world of AI infrastructure, developer trust is the new oil. And the drilling has just begun. TIME BUSINESS NEWS
Yahoo
4 hours ago
- Yahoo
Big tech has spent $155bn on AI this year. It's about to spend hundreds of billions more
The US's largest companies have spent 2025 locked in a competition to spend more money than one another, lavishing $155bn on the development of artificial intelligence, more than the US government has spent on education, training, employment and social services in the 2025 fiscal year so far. Based on the most recent financial disclosures of Silicon Valley's biggest players, the race is about to accelerate to hundreds of billions in a single year. Over the past two weeks, Meta, Microsoft, Amazon, and Alphabet, Google's parent, have shared their quarterly public financial reports. Each disclosed that their year-to-date capital expenditure, a figure that refers to the money companies spend to acquire or upgrade tangible assets, already totals tens of billions. Capex, as the term is abbreviated, is a proxy for technology companies' spending on AI because the technology requires gargantuan investments in physical infrastructure, namely data centers, which require large amounts of power, water and expensive semiconductor chips. Google said during its most recent earnings call that its capital expenditure 'primarily reflects investments in servers and data centers to support AI'. Meta's year-to-date capital expenditure amounted to $30.7bn, doubling the $15.2bn figure from the same time last year, per its earnings report. For the most recent quarter alone, the company spent $17bn on capital expenditures, also double the same period in 2024, $8.5bn. Alphabet reported nearly $40bn in capex to date for the first two quarters of the current fiscal year, and Amazon reported $55.7bn. Microsoft said it would spend more than $30bn in the current quarter to build out the data centers powering its AI services. Microsoft CFO Amy Hood said the current quarter's capex would be at least 50% more than the outlay during the same period a year earlier and greater than the company's record capital expenditures of $24.2bn in the quarter to June. 'We will continue to invest against the expansive opportunity ahead,' Hood said. For the coming fiscal year, big tech's total capital expenditure is slated to balloon enormously, surpassing the already eye-popping sums of the previous year. Microsoft plans to unload about $100bn on AI in the next fiscal year, CEO Satya Nadella said Wednesday. Meta plans to spend between $66bn and $72bn. Alphabet plans to spend $85bn, significantly higher than its previous estimation of $75bn. Amazon estimated that its 2025 expenditure would come to $100bn as it plows money into Amazon Web Services, which analysts now expect to amount to $118bn. In total, the four tech companies will spend more than $400bn on capex in the coming year, according to the Wall Street Journal. The multibillion-dollar figures represent mammoth investments, which the Journal points out is larger than the European Union's quarterly spending on defense. However, the tech giants can't seem to spend enough for their investors. Microsoft, Google and Meta informed Wall Street analysts last quarter that their total capex would be higher than previously estimated. In the case of all three companies, investors were thrilled, and shares in each company soared after their respective earnings calls. Microsoft's market capitalization hit $4tn the day after its report. Even Apple, the cagiest of the tech giants, signaled that it would boost its spending on AI in the coming year by a major amount, either via internal investments or acquisitions. The company's quarterly capex rose to $3.46bn, up from $2.15bn during the same period last year. The iPhone maker reported blockbuster earnings Thursday, with rebounding iPhone sales and better-than-expected business in China, but it is still seen as lagging farthest behind on development and deployment of AI products among the tech giants. Tim Cook, Apple's CEO, said Thursday that the company was reallocating a 'fair number' of employees to focus on artificial intelligence and that the 'heart of our AI strategy' is to increase investments and 'embed' AI across all of its devices and platforms. Cook refrained from disclosing exactly how much Apple is spending, however. 'We are significantly growing our investment, I'm not putting specific numbers behind that,' he said. Smaller players are trying to keep up with the incumbents' massive spending and capitalize on the gold rush. OpenAI announced at the end of the week of earnings that it had raised $8.3bn in investment, part of a planned $40bn round of funding, valuing the startup, whose ChatGPT chatbot kicked in 2022, at $300bn. Sign in to access your portfolio
Yahoo
7 hours ago
- Yahoo
Is Visa (V) a Smart Buy and Hold Stock in the Tech-Driven Market?
Visa Inc. (NYSE:V) is included among the 10 Best Dividend Stocks to Buy and Hold Forever. siam sompunya The company is embracing AI to stay ahead, launching its Intelligent Commerce platform that uses AI agents for shopping, digital credentials, and personalized payment insights. It's working with top tech firms like OpenAI and Microsoft, and has upgraded its platform with AI features. Visa also acquired AI-based fraud detection firm Featurespace to boost security. On the financial side, Visa Inc. (NYSE:V) is a strong dividend stock with 17 years of consecutive increases and a low 18.5% payout ratio. As a payment processor, it profits from card usage without lending risk, making it a reliable stock in any economy. Over the past decade, the company has delivered an impressive annualized dividend growth rate of 17%. While recent increases have been slightly more modest, the one-, three-, and five-year growth rates all remain above 10%, making Visa a strong pick for dividend growth investors. On July 29, Visa Inc. (NYSE:V) declared a quarterly dividend of $0.59 per share, which fell in line with its previous dividend. As of July 31, the stock has a dividend yield of 0.68%. While we acknowledge the potential of V as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None.
