Anthropic CEO Says Some Tech Firms Too Risky With AI Spending

Snowflake Inc. has provided a disappointing outlook for its operating margin, which has raised concerns among investors regarding the profitability of its new AI-based tools. This forecast falls short of analysts' expectations, indicating potential challenges ahead for the company.

Salesforce Inc. has provided a revenue outlook for the current period that exceeds analysts' expectations, indicating a successful push for customers to adopt its artificial intelligence tools. This positive forecast reflects the company's strategic focus on AI integration within its offerings.

Okta CEO Todd McKinnon highlighted the company's optimistic outlook driven by advancements in artificial intelligence (AI) during an interview on Bloomberg Tech. He emphasized the significant opportunities AI presents for enhancing software solutions and driving growth.

Intel Corp. has decided to shelve its plans to spin off or sell a stake in its networking division, concluding that it is more likely to succeed as an internal unit. This decision follows a comprehensive review of the division's potential and strategic importance within the company.

The SEC has issued warning letters to major providers of high-leveraged ETFs, effectively blocking the launch of products aimed at delivering returns of three to five times the daily performance of various assets, including stocks and cryptocurrencies. This decision reflects the regulatory body's concerns over the risks associated with such investment vehicles.

Logitech International SA's CEO announced that the company will not pursue further price increases for its products, while also expressing skepticism about the current trend among hardware manufacturers to rapidly develop artificial intelligence-focused devices.

OpenAI has agreed to acquire Neptune, a startup specializing in tools for analyzing AI model training progress, aiming to enhance its capabilities in this critical area of artificial intelligence development.

Coupang, a major online retailer in South Korea, is facing a significant data breach that has compromised the personal information of over 33 million users. This incident is one of the largest hacks in the country, raising serious concerns about data security and privacy in the digital marketplace.