News From Reuters

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• Apple aims to tell an AI story without AI bills

  After the company reported quarterly earnings on Thursday, Cook insisted that Apple will have concrete details about its plans for AI to talk about very soon.

  

• Oracle updates database technology for AI chatbots

  ORACLE-AI/Oracle updates database technology for AI chatbotThe update, which is called Oracle Database 23ai, introduces technology that will make it easier for chatbots and other new AI systems to find data stored in corporate systems. Using what is called "vector search" technology, the new Oracle database can be searched by concepts or ideas expressed in natural human language, instead of simply matching up keywords or phrases.s

  

• Anthropic releases business chatbot in hunt for corporate dollars

  The San Francisco-based firm, backed by Alphabet and Amazon.com, in March released a family of artificial intelligence models called Claude 3 that it says outperforms those from rivals such as Microsoft-backed OpenAI and Google.

  

• Apple set for big sales decline as investors await AI in iPhones

  Analysts on average see iPhone sales, which account for about half of Apple's revenue, falling 10.4% in the first three months of 2024, according to LSEG. That drop would be the steepest in more than three years.

  

• Microsoft to invest $2.2 billion in cloud and AI services in Malaysia

  The investment, the largest in Microsoft's 32-year history in Malaysia, will include building cloud and AI infrastructure, creating AI-skilling opportunities for 200,000 people, and supporting the country's developers, the company said.

  

• Microsoft to power data centers with Brookfield renewables deal

  Microsoft expects its partnership with Brookfield to help finance the creation of renewable electricity projects to be built between 2026 and 2030, beginning in the U.S. and Europe.

  

• AI fuels cloud computing boom for tech giants

  Looking across AWS, Microsoft Azure and Google Cloud, it is clear that two things are happening simultaneously - AI is contributing to growth, but also the rest of cloud spending is accelerating, says D.A. Davidson & Co analyst Gil Luria.

  

• Samsung says AI to drive technology demand in second half

  The world's biggest maker of memory chips and TVs said operating profit rose to 6.6 trillion won ($4.8 billion) in January-March, up from 640 billion won a year earlier. That was in line with Samsung's own estimate of 6.6 trillion won flagged earlier this month, its highest operating profit since the third quarter of 2022.

  

• Chipmaker Intel falls as AI competition hurts forecast

  Intel forecast second-quarter revenue of $12.5 billion to $13.5 billion, compared with analysts' average estimate of $13.57 billion, according to LSEG data.

  

• Tech companies plug into India's smaller cities for talent

  Industry watchers say the trend to smaller cities helps companies reduce attrition and cut costs at a time when the $254 billion Indian IT sector is grappling with weak sales growth amid global economic uncertainty.

  

• AI spending worries cast gloom over Alphabet, Microsoft

  During Meta's earnings conference call, analysts peppered CEO Mark Zuckerberg with questions about how the company was pacing its AI investments. One analyst asked whether Meta was spending more because it saw an even bigger opportunity from AI.