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3 mins read

Snowflake CEO explains why 'the insidious thing' about AI hallucinations isn't the occasional error

Snowflake's CEO said tech companies aren't doing themselves any favors by not publishing their AI h…

Jaures Yip   


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2 mins read

These stocks are best-positioned to gain in the next wave of AI investment, Goldman Sachs says

As AI investment has rebounded in recent weeks, Goldman Sachs analysts recommend "platform" stocks …

Kelly Cloonan   


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2 mins read

Indian-origin Sridhar Ramaswamy named CEO of data cloud firm Snowflake

Indian-origin Sridhar Ramaswamy has been named as the Chief Executive Officer and member of the Boa…

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2 mins read

Warren Buffett is betting on a glow-up for Ulta Beauty

Warren Buffett's Berkshire Hathaway added Ulta Beauty and Heico to its stock portfolio last quarter…

Theron Mohamed   


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3 mins read

The AI boom is unraveling the most dominant tech trade of the last decade

"The cart is in front of the horse as it relates to GenAI software, there's just no applications," …

Matthew Fox   


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1 min read

Snowflake's Frank Slootman vehemently denied a BI report in June that he may be leaving. Now he's gone and the stock is down 20%.

Frank Slootman denied chatter that he would soon retire last year. He just announced he's leaving t…

Ellen Thomas   


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2 mins read

The Nvidia-led AI boom will eventually spread to these 3 areas of the stock market, Goldman says

Goldman Sachs sees plenty of AI upside left as stock gains spread around to more companies in the f…

Matthew Fox   


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1 min read

Stock market today: US futures drop ahead of key economic growth figures

S&P 500, Nasdaq 100, and Dow Jones Industrial Average futures fell as Wall Street worried that stro…

Theron Mohamed   


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5 mins read

Microsoft's $3 trillion market cap milestone is the latest in a string of wins for Big Tech's elder statesman

In today's big story, we're looking at Microsoft notching another big win by briefly reaching a $3 …

Dan DeFrancesco   


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1 min read

Cloud-storage firm Snowflake is now more valuable than IBM after 258% post-IPO rally

Snowflake's first public earnings report earlier this month revealed triple-digit revenue growth fo…

Matthew Fox   


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2 mins read

Milliseconds matter in a digital-first world, says Salesforce as it launches real-time data platform

Milliseconds matter in a digital-first world, says Salesforce as it launches real-time data platform

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2 mins read

DoorDash, Honest Co., and other recently IPOed stocks tumble amid a broader market sell-off

Newly public companies including Shoals Technologies, Snowflake, and Bumble, and Compass hit all-ti…

Emily Graffeo   


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2 mins read

Warren Buffett's Berkshire Hathaway made $800 million on Snowflake's first day of trading as the stock spiked

Snowflake's debut drew extraordinary investor demand, making it the largest software IPO ever and t…

Ben Winck   


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2 mins read

Snowflake explodes 165% higher on first day of trading after biggest US IPO of 2020

The company raised $3.4 billion in its Wednesday initial public offering, cementing it as the bigge…

Ben Winck   


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1 min read

Billionaire investor Dan Loeb seems to have sold all of his Snowflake stock within days of buying it

Loeb's Third Point highlighted the cloud-data platform as one of its winning bets in September, but…

Theron Mohamed   


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2 mins read

Ron DeSantis posed with a handmade snowflake. It had the word 'fascist' written all over it.

DeSantis posed with what appeared to be a framed cutout of a snowflake. He did not seem to notice t…

Cheryl Teh   


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4 mins read

Insiders are predicting a giant wave of machine-learning acquisitions as valuations plummet and giants like Snowflake eye takeover opportunities

Investors and insiders who poured hundreds of millions into machine-learning startups now expect a …

Matthew Lynley   


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2 mins read

Buffett-backed cloud unicorn Snowflake nets $3.4 billion in record-breaking software IPO

The cloud-data platform plans to list on the New York Stock Exchange under the ticker symbol SNOW o…

Shalini Nagarajan   


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3 mins read

10 Things in Tech: Google abandons smart glasses, lawsuits against real estate agents, and Snowflake CEO denies rumors of stepping down

In today's edition: Google kills augmented reality glasses project, Snowflake CEO denies stepping d…

Diamond Naga Siu   


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1 min read

US stocks rise as tech sector leads rally amid high hopes for Nvidia earnings

Stocks looked to break out of the August slump as investors gear up for Nvidia earnings and the Fed…

Filip De Mott