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Europe stock pickers go old-school to ride the next wave in AI

ANALYSIS-Europe stock pickers go old-school to ride the next wave in AI AI theme still a hot topic in Europe Region's need for data centres in focus Utilities could benefit from higher power demand Infotech firms adopting tech stand out By Lucy Raitano LONDON, May 22 (Reuters) - European stock pickers are turning to more established sectors like utilities, professional data providers and even copper miners to tap into the next wave of the AI boom, a year after AI chipmaker Nvidia's NVDA.O emerge
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Earnings from heavyweight Nvidia to test US stocks’ record run

ANALYSIS-Earnings from AI-heavyweight Nvidia to test US stocks’ record run By Lewis Krauskopf NEW YORK, May 22 (Reuters) - Earnings from semiconductor bellwether Nvidia NVDA.O on Wednesday are set to provide the latest test for a U.S. stock market rally that has taken indexes to record highs this year. A 90% run in Nvidia’s shares this year has made it the third-biggest U.S.
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US House Committee On Homeland Security Says Microsoft's Brad Smith Will Testify Before The Committee In June

BRIEF-US House Committee On Homeland Security Says Microsoft's Brad Smith Will Testify Before The Committee In June May 21 (Reuters) - US HOUSE COMMITTEE ON HOMELAND SECURITY: MICROSOFT VICE CHAIRMAN AND PRESIDENT BRAD SMITH WILL TESTIFY BEFORE THE COMMITTEE ON JUNE 13 Source text: https://tinyurl.com/29yroc5a Further company coverage: MSFT.O
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Intel AI Platforms Accelerate Microsoft Phi-3 GenAI Models

BRIEF-Intel AI Platforms Accelerate Microsoft Phi-3 GenAI Models May 21 (Reuters) - Intel Corp: IN COLLABORATION WITH MICROSOFT, ENABLES SUPPORT FOR SEVERAL PHI-3 MODELS ACROSS ITS DATA CENTER PLATFORMS, AI PCS AND EDGE SOLUTIONS Further company coverage: INTC.O
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Microsoft promotes new tools for making AI software

UPDATE 1-Microsoft promotes new tools for making AI software Adds detail on OpenAI technology By Max A. Cherney SEATTLE, May 21 (Reuters) - Microsoft MSFT.O talked up new tools on Tuesday aimed at encouraging programmers to build AI-focused technology into Windows software as it races against Alphabet GOOGL.O , Amazon.com AMZN.O and Apple AAPL.O to dominate the emerging field.
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AI startup Anthropic hires Airbnb veteran Krishna Rao as first CFO

UPDATE 2-AI startup Anthropic hires Airbnb veteran Krishna Rao as first CFO Changes souring in paragraph 1, adds details in paragraphs 2, 6-8 May 21 (Reuters) - Artificial intelligence startup Anthropic has hired Airbnb veteran Krishna Rao as its first finance chief, the company said on Tuesday, as it plans to expand its AI offerings and better compete with rivals.
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Microsoft talks up tools for making AI software

Microsoft talks up tools for making AI software By Max A. Cherney SEATTLE, May 21 (Reuters) - Microsoft MSFT.O talked up new tools on Tuesday aimed at encouraging programmers to build the AI-focused technology into Windows-related software as it races against Alphabet GOOGL.O , Amazon.com AMZN.O and Apple AAPL.O to dominate the emerging technology.
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What are AI PCs?

EXPLAINER-What are AI PCs? Updates to add analyst comment in paragraph 19 May 21 (Reuters) - The PC just got an AI makeover, raising hopes that the buzzy technology would help revive an industry that has been on a steady decline over the last few years. Here's everything we know about AI PCs: W HAT DOES "AI PC" MEAN? Manufacturers say these devices process data more swiftly than traditional PCs and can handle a greater volume of AI tasks directly on the device, including chatbots.
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Wall St range-bound on Fed policy caution, Nvidia results watch

US STOCKS-Wall St range-bound on Fed policy caution, Nvidia results watch For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Lowe's warns of margin pressure in Q2 Eli Lilly's diabetes drug tirzepatide gets approval in China IBM rises after it makes more AI models open-source Indexes: Dow up 0.15%, S&P up 0.08%, Nasdaq flat Updated at 11:36 a.m.
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AMD Instinct Mi300x Accelerators Power Microsoft Azure Openai Service Workloads And New Azure Nd Mi300x V5 Vms

BRIEF-AMD Instinct Mi300x Accelerators Power Microsoft Azure Openai Service Workloads And New Azure Nd Mi300x V5 Vms May 21 (Reuters) - Advanced Micro Devices Inc AMD.O : AMD INSTINCT MI300X ACCELERATORS POWER MICROSOFT AZURE OPENAI SERVICE WORKLOADS AND NEW AZURE ND MI300X V5 VMS ADVANCED MICRO DEVICES INC - NEW AZURE ND MI300X V5 INSTANCES ARE NO
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Nvidia Corp Expands Collaboration With Microsoft To Help Developers Build, Deploy Ai Applications Faster

BRIEF-Nvidia Corp Expands Collaboration With Microsoft To Help Developers Build, Deploy Ai Applications Faster May 21 (Reuters) - NVIDIA CORP - EXPANDS COLLABORATION WITH MICROSOFT TO HELP DEVELOPERS BUILD, DEPLOY AI APPLICATIONS FASTER Further company coverage: NVDA.O
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What are AI PCs?

EXPLAINER-What are AI PCs? May 21 (Reuters) - The PC just got an AI makeover, raising hopes that the buzzy technology would help revive an industry that has been on a steady decline over the last few years. Here's everything we know about AI PCs: WHAT ARE AI PCS? Manufacturers say these devices process data more swiftly than traditional PCs and can handle a greater volume of AI tasks directly on the device, including chatbots.
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Nvidia completes pricing-power circuitry

BREAKINGVIEWS-Nvidia completes pricing-power circuitry The author is a Reuters Breakingviews columnist. The opinions expressed are his own. Refiles to add graphic. By Robert Cyran NEW YORK, May 21 (Reuters Breakingviews) - Nvidia NVDA.O is leveraging semiconductor design in unexpected ways. The artificial intelligence bonanza keeps fueling ever-greater expectations of turbocharged earnings growth.
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Scale AI valued at $14 bln in Nvidia, Amazon-backed funding round

UPDATE 2-Scale AI valued at $14 bln in Nvidia, Amazon-backed funding round Adds details, context and background throughout May 21 (Reuters) - Scale AI said on Tuesday it had raised $1 billion in a late-stage funding round led by venture capital firm Accel with participation from tech giants Nvidia NVDA.O , Amazon AMZN.O , and Meta META.O , valuing the AI data startup at nearly $14 billion.
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US, Canadian companies kick off 2024 with layoffs

FACTBOX-US, Canadian companies kick off 2024 with layoffs Adds Chesapeake Energy May 21 (Reuters) - Companies in the United States and Canada have extended their job cuts into 2024 after letting go thousands last year, as the outlook on interest rate cuts by the Federal Reserve remains uncertain even as recession fears recede rapidly. Here is a snapshot of job cuts announced so far t his year : TECHNOLOGY * Amazon's AMZN.O job cuts include less than 5% of employees at Buy with Prime unit , 5% at
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UAE, US to see more AI partnerships, UAE minister says

EXCLUSIVE-UAE, US to see more AI partnerships, UAE minister says Refiled to remove extraneous letters in byline By Federico Maccioni DUBAI, May 21 (Reuters) - The United Arab Emirates and United States will invest more in artificial intelligence as part of a strategic partnership, the UAE's state minister for AI Omar Sultan Al Olama told Reuters on Tuesday.
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Second global AI summit secures safety commitments from companies

UPDATE 2-Second global AI summit secures safety commitments from companies Adds declaration from Tuesday's session, expert quote, next summit plans By Joyce Lee SEOUL, May 21 (Reuters) - Sixteen companies at the forefront of developing Artificial Intelligence pledged on Tuesday at a global meeting to develop the technology safely at a time when regulators are scrambling to keep up with rapid innovation and emerging risks.
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Europe sets benchmark for rest of the world with landmark AI laws

UPDATE 2-Europe sets benchmark for rest of the world with landmark AI laws Adds lawyer comment in paragraphs 9-10, details on transparency, restrictions and fines in paragraphs 7-8, 11-12 By Foo Yun Chee and Tassilo Hummel BRUSSELS, May 21 (Reuters) - Europe's landmark rules on artificial intelligence will enter into force next month after EU countries endorsed on Tuesday a political deal reached in December, setting a potential global benchmark for a technology used in business and everyday lif
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IBM makes more AI models open source and lands Saudi Arabia deal

IBM makes more AI models open source and lands Saudi Arabia deal By Stephen Nellis May 21 (Reuters) - International Business Machines IBM.N on Tuesday said that it will release a family of artificial intelligence models as open-source software, and that it will help Saudi Arabia train an AI system in Arabic. The Armonk, New York-based company has taken a different approach to making money from AI than some of its rivals such as Microsoft MSFT.O and others that are tightly guarding their AI model
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Sanofi partners with OpenAI, Formation Bio on driven drug development

Sanofi partners with OpenAI, Formation Bio on AI-driven drug development May 21 (Reuters) - French drugmaker Sanofi SASY.PA on Tuesday announced it is collaborating with artificial intelligence company OpenAI and Formation Bio to boost its drug development projects through the use of Artificial Intelligence. Sanofi said in a statement that the partnership with OpenAi will allow it to access proprietary data to develop AI models for its biopharma models, while Formation Bio will provide additiona
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