$Alibaba(BABA.US)$ the cloud computing unit of Alibaba Group Holding Ltd, had unveiled on 03 Aug 23 (Thursday) two open-source artificial intelligence-powered large language models (LLM).
Two LLMs called Qwen-7B and Qwen-7B-Chat, with each model boasting 7 billion parameters, these 2 LLMs could be deployed for commercial use.
This also marks the first time that a big Chinese tech company has open-...

$Microsoft(MSFT.US)$ has release their earnings report and here are some key areas I have looked at and Microsoft share price have dipped after its earnings release.
Revenue Guidance
Microsoft has called for a lower revenue guidance as opposed to what analysts had predicted. This is partly due to the weak performance in their business segment (which contains Windows).
Revenue Growth
Azure Cloud revenue has a slow growth from 27% (previous quarter)...

A return to Big Tech stocks while has helped the broader market through the year.
The $SPDR S&P 500 ETF(SPY.US)$ is up nearly 10%, while the equal-weighted S&P has gained a little more than 1%.
The Big Tech really has enjoyed the enthusiasm for AI, especially with the quick use of ChatGPT.
"The SPX seems increasingly divorced from decelerating consumer trends and other major indices (except the $Invesco QQQ Trust(QQQ.US)$ ) due to ...

While most companies seem to be going all in on AI, $Apple(AAPL.US)$ seems to be doing the contrary.
According to the WSJ, Apple just banned the use of AI tools such as $Microsoft(MSFT.US)$ ChatGPT, with concerns of potential leaks of confidential data.
This move, while understandable, seems a bit odd.
OpenAI recently introduced a feature that allows users to turn off chat history, which prevents the AI model from training on that data.
$SPDR S&P 500 ETF(SPY.US)$ $S&P 500 Index(.SPX.US)$ $Nasdaq Composite Index(.IXIC.US)$ $Alphabet-A(GOOGL.US)$ $C3.ai(AI.US)$

$Goldman Sachs(GS.US)$ is bullish about artificial intelligence and believes the technology could help drive $S&P 500 Index(.SPX.US)$ profits in the next 10 years.
“Over the next 10 years, AI could increase productivity by 1.5% per year. And that could increase S&P500 profits by 30% or more over the next decade,” Goldman’s senior strategist Ben Snider said
Who will be the real winners of artificial intelligence?...

$Meta Platforms(META.US)$ is building its first custom chip specifically for running AI models, the company announced on Thursday. As Meta increases its AI efforts — CEO Mark Zuckerberg recently said the company sees “an opportunity to introduce AI agents to billions of people in ways that will be useful and meaningful” — the chip and other infrastructure plans revealed Thursday could be critical tools for Meta to compete with other tech giants also investing ...

The buzz around artificial intelligence that’s helped juice gains for $Microsoft(MSFT.US)$ and $Amazon(AMZN.US)$  this year may also be masking struggles in a business far more critical to the pair’s bottom lines.
Once-booming demand for cloud-computing services is slowing as businesses rein in spending amid economic uncertainty. And when Microsoft and Amazon report results next week, analysts anticipate the slowest revenue growth for their clou...