Anthropic · OpenAI · Google · New York · Nvidia · NPR Technology
Both OpenAI and Anthropic are now generating revenue, but the long-term profitability of generative AI is an open question
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"The market is trying to kind of digest all this and saying, 'Are NPR Technology going to start to see returns?'" said Mark Vena, CEO of SmartTech Research.
Key facts
- In this photo taken in 2000, a woman walks past the Nasdaq sign in New York City's Times Square
- Among the biggest losers on Tuesday, however, was chipmaker Micron Technology, whose shares plummeted over 13%
- Stay up to date with NPR's Up First newsletter, sent every weekday morning
- The best-known AI-related tech stocks, Nvidia and Google-parent Alphabet, were down for a second day in a row
Summary
The tech-heavy Nasdaq stock index has lately been on a roller coaster. Stay up to date with NPR's Up First newsletter, sent every weekday morning. A wave of selling in tech stocks is starting to reflect doubts over whether the spending boom on artificial intelligence is worth it. The best-known AI-related tech stocks, Nvidia and Google-parent Alphabet, were down for a second day in a row. Among the biggest losers on Tuesday, however, was chipmaker Micron Technology, whose shares plummeted over 13%.