ChatGPT takes on Google, Meta’s spending spree and Microsoft’s data center problem: AI news roundup

Major tech companies reported earnings results this week, including Microsoft and Meta. But a weaker-than-expected outlook for the next quarter sent stocks of artificial intelligenceincluding Nvidia (NVDA), down Thursday.

Read about this and more in the AI news roundup.

OpenAI launches its search engine to compete with Google

OpenAI CEO Sam Altman at an Apple event on June 10, 2024. - Photo: Jeff Chiu, File (AP) — OpenAI CEO Sam Altman at an Apple event on June 10, 2024. – Photo: Jeff Chiu, File (AP)

OpenAI released ChatGPT’s ability to search the web, introducing a potential threat to Google (GOOGLE) search dominance.

Microsoft booth at GSMA Mobile World Congress 2019 on February 26, 2019 in Barcelona, Spain. - Photo: David Ramos (Getty Images) — Microsoft booth at GSMA Mobile World Congress 2019 on February 26, 2019 in Barcelona, Spain. – Photo: David Ramos (Getty Images)

Microsoft (MSFT) fiscal results from the first quarter exceeded Wall Street’s expectations — but data center constraints left investors unimpressed.

Mark Zuckerberg, founder and CEO of Meta. - Photo: Josh Edelson (Getty Images) — Mark Zuckerberg, founder and CEO of Meta. – Photo: Josh Edelson (Getty Images)

Platforms meta parent Facebook (THE TARGET) invested billions of dollars in artificial intelligence as it seems keep up with them Magnificent 7 competitors. The tech giant has warned that these expenses will only increase next year and beyond.

The Microsoft booth at the GSMA Mobile World Congress on February 28, 2022 in Barcelona, Spain. - Photo: David Ramos (Getty Images) — The Microsoft booth at the GSMA Mobile World Congress on February 28, 2022 in Barcelona, Spain. – Photo: David Ramos (Getty Images)

Microsoft (MSFT) fiscal first quarter results beat Wall Street expectations due to “AI-led transformation.”

Platforms meta parent Facebook (THE TARGET) saw profits jump 35% in the third quarter as it tries to show investors that its multibillion-dollar investment in artificial intelligence is paying off.

Google Germany offices on August 31, 2021 in Berlin, Germany. - Photo: Sean Gallup (Getty Images) — Google Germany offices on August 31, 2021 in Berlin, Germany. – Photo: Sean Gallup (Getty Images)

Google (GOOGLE) parent Alphabet saw its share price rise nearly 5% in midday trading on Wednesday after the delivery earnings that beat Wall Street expectations.

Photo: Firdous Nazir/NurPhoto (Getty Images)

Michael Hunter, an Atlanta real estate marketing professional and Apple (AAPL) power user, watched Apple’s new Apple Intelligence features go from promising to problematic. After a month of early iOS 18.1 through his developer account, Hunter was impressed with Siri’s improved capabilities and responsiveness.

Google beats third-quarter earnings expectations on AI boost

Google (GOOGLE) parent Alphabet beat Wall Street expectations by reporting revenue of $88.3 billion for the third quarter.

OpenAI CEO Sam Altman at the US Capitol on January 11, 2024 in Washington, DC - Photo: Kent Nishimura (Getty Images) — OpenAI CEO Sam Altman at the US Capitol on January 11, 2024 in Washington, DC – Photo: Kent Nishimura (Getty Images)

OpenAI is undoubtedly a winner in the current artificial intelligence boom – and now it seems it’s developing its own chips to fuel its growth.

Elon Musk at a town hall-style meeting to promote early and absentee voting on October 17, 2024 in Folsom, Pennsylvania. - Photo: Anna Moneymaker (Getty Images) — Elon Musk at a town hall-style meeting to promote early and absentee voting on October 17, 2024 in Folsom, Pennsylvania. – Photo: Anna Moneymaker (Getty Images)

As he anticipates the rise of his supercomputer, Elon Musk has said there is a chance artificial intelligence will deteriorate by the end of the decade.

A woman walking down the hall of a server room. - Image: Erik Isakson (Getty Images) — A woman walking down the hall of a server room. – Image: Erik Isakson (Getty Images)

A woman walking down the aisle of a server room. - Image: Erik Isakson (Getty Images) — A woman walking down the hall of a server room. – Image: Erik Isakson (Getty Images)

The artificial intelligence boom is worsening water stress in the US, a new report says — and could lead to global supply chain disruptions.

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ChatGPT takes on Google, Meta’s spending spree and Microsoft’s data center problem: AI news roundup

OpenAI launches its search engine to compete with Google

Microsoft can’t build data centers fast enough to meet AI demand

The meta is in a rut with AI spending. It’s only going to get bigger

Microsoft Beats Earnings Expectations Thanks to AI ‘Transformation’

Meta-profits increase by 35% as AI spending continues

Google shares rise 4% after AI push drives earnings

Apple Intelligence is here. Early adopters are disappointed

Google beats third-quarter earnings expectations on AI boost

OpenAI is reportedly producing its first AI chip with TSMC and Broadcom

Elon Musk says there’s still a decent chance AI will break down

AI chips and data centers are making America’s water problems worse, JPMorgan says