Amazon, Google, Meta, and Microsoft announced they are spending billions to build out their AI capabilities. It'll take time for it to pay off.
Stock market indexes (^DJI, ^IXIC, ^GSPC) cap off the last day of trading in April, closing lower this session and over the past month. The Dow Jones Industrial Average fell off by 570 points in Tuesday's session. Yahoo Finance Senior Markets Reporter Jared Blikre reviews the losses seen across sectors and declines in mega-cap tech market caps in the month of April. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Luke Carberry Mogan.
Artificial intelligence startup Anthropic launched a version of its latest chatbot technology aimed at businesses on Wednesday, jumping into the race to capture 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. On Wednesday, it released an app for Apple's iPhones that will offer Claude 3 to businesses at a rate of $30 per user per month.