Search results for CJ Desai
AI & Enterprise
Meta shares surge 27 percent in September on \'Muse\' hit, best month since 2022
Meta shares rose 27 percent in September, marking the strongest monthly gain since 2022, CNBC reported. The stock closed at $725.18, up sharply from $572.34 at end-August, as investors focused on Meta\'s personal AI agent app Muse, which overtook OpenAI\'s ChatGPT in Apple iOS downloads. Meta also highlighted AI at its Connect developer event and unveiled new hardware. Competition is intensifying as OpenAI launched its Dots agent tool.
AI & Enterprise
Google, Microsoft join AI coding race as winning developers seen as key to cloud
Google and Microsoft are moving more aggressively into the AI coding market led by Anthropic and OpenAI, as big tech competes to keep developers tied to its AI models, platforms and cloud services. Analysts say the battle is less about selling tools than about ecosystem control. Market forecasts point to rapid growth. Companies such as MongoDB and Snowflake are using multiple services rather than committing to one provider.
AI & Enterprise
MongoDB shares plunge on weak guidance as AI threat fears grow
MongoDB beat Wall Street expectations in fourth-quarter results but its shares fell sharply after it issued lower-than-expected guidance, SiliconANGLE reported. The company posted adjusted earnings per share of $1.65 and revenue of $695.1 million, up 27 percent. For the first quarter, it forecast adjusted EPS of $1.15 to $1.19 and revenue of $659.0 million to $664.0 million. Concerns grew that AI could threaten its database model.