Cisco Systems Inc., the largest seller of networking gear, gave an upbeat sales forecast for the current quarter, helped by companies spending more on computing infrastructure to take advantage of AI technology.
Reddit Inc. shares slumped in late trading after fourth-quarter user growth missed Wall Street’s expectations, a sign the newly public company is struggling to keep up with larger digital advertising peers Meta Platforms Inc. and Google.
AppLovin Corp.’s shares rose after its first-quarter sales forecast surpassed expectations.
Elon Musk’s all-cash bid to buy OpenAI debunks arguments he’s making in court that the artificial intelligence startup’s assets cannot be “transferred away” for “private gain,” lawyers for the maker of ChatGPT and chief executive officer Sam Altman said in a court filing.
Innovation Summit happening February 20-21st in Stockholm, Sweden @ Strawberry Stadium.