Apollo's president warns the AI spending boom may not pay off for investors

Tech Insider : Technology, Business, Economy
Jim Zelter, president of Apollo Global Management.
Apollo Global Management President Jim Zelter urged caution about assuming strong returns from AI spending.

APFIS

These Allbirds AI jokes are as fire as the company's stock price

Tech Insider : Business, Economy
In this photo illustration, the logo of footwear company Allbirds Inc. is displayed on a smartphone in front of abstract background on computer screen.
Allbirds is an AI company now, and the rebranding is getting memed.

Illustration by Timon Schneider/SOPA Images/LightRocket via Getty Images

5 of tech's biggest names have together seen nearly $200 billion wiped off their fortunes this year as AI fever cools

Tech Insider : Business
Larry Ellison
Oracle cofounder Larry Ellison has seen around $60 billion erased from his net worth this year.

Andrew Harnik/Getty Images

Tech investor Bill Gurley predicts a 'reset' for the AI boom: 'I just think we trip and run out of money'

Tech Insider : Business, Technology
Bill Gurley is wearing a blue-striped, button-down shirt while standing before a bright yellow step-and-repeat.
Bill Gurley, the Silicon Valley venture capitalist and a general partner Benchmark Capital, says AI can serve as "jet fuel" to a career.

Stephen Olker/Getty Images for SXSW

Alphabet's stock surge has made its cofounders richer than anyone except Elon Musk

Tech Insider : Business
Google cofounders Larry Page and Sergey Brin stand with their arms around one another.
Google cofounders Larry Page and Sergey Brin met at Stanford.

James Leynse/Corbis via Getty Images

A single customer made up 19% of Nvidia's revenue last year. UBS thinks it's Microsoft.

Tech Insider
nvidia stocks

Slaven Vlasic/Getty Images for The New York Times; Chelsea Jia Feng/BI

Nvidia's investment in startups has nearly tripled as other tech heavyweights pull back

Tech Insider
Nvidia CEO Jensen Huang will deliver second quarter earnings on Wednesday as demand for processors driving the generative AI era booms.
Nvidia CEO Jensen Huang will deliver second quarter earnings on Wednesday as demand for processors driving the generative AI era booms.

Kim Kulish/Corbis/Getty Images

OpenAI's Sam Altman said he's 'feeling good' about a 2021 prediction he made about a coming AI revolution driving down cost of 'energy and intelligence'

Tech Insider
Sam Altman
The Wall Street Journal reports the OpenAI board pushed out Altman for always getting his way, but couldn't give an example.

AP Photo/Julia Nikhinson; Arantza Pena Popo/Insider

US stocks jump as bond yields slip and Microsoft shares surge

Tech Insider
Microsoft
Microsoft stock added around $54 billion in market value on Monday.

TOBIAS SCHWARZ/AFP via Getty Images

'Big Short' investor Michael Burry reveals a bet against Nvidia and other microchip stocks

Tech Insider
Michael Burry Getty
Michael Burry.

Kevin Mazur/WireImage

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