Alphabet gains $131 billion in market value after it unveils AI ambitions at I/O conference

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Google I/O
Sundar Pichai.

JOSH EDELSON/AFP via Getty Images

FAANG stocks could soar 50% this year thanks to long-term demand for tech goods and no new competition, Fundstrat's Tom Lee says

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Tom Lee Fundstrat
Fundstrat's Tom Lee.

Photo by Cindy Ord/Getty Images for Yahoo

Tim Cook says AI is 'huge,' but flags the need to be 'deliberate and thoughtful' on how Apple deploys it

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Apple CEO Tim Cook.
AI is "huge," but it needs to be carefully deployed, Apple's CEO Tim Cook said during the company's second-quarter earnings call Thursday.

Eric Gaillard/Reuters

Even President Biden has tried ChatGPT

Tech Insider : Politics
Joe Biden
President Joe Biden has apparently tried out ChatGPT, and was "fascinated," as reported by Axios.

AP Photo/Alex Brandon

Big Tech is pursuing 'the year of efficiency.' It could get supercharged by AI.

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job layoffs recession

AndreyPopov/Getty Images

Hi, I'm Matt Turner, the editor in chief of business at Insider. Welcome back to Insider Today's Sunday edition, a roundup of some of our top stories. 

On the agenda today:

4 tech giants mentioned AI a total of 168 times on earnings calls, showing just how much attention the tech is attracting

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Meta CEO Mark Zuckerberg (left) and Google CEO Sundar Pichai.
Meta CEO Mark Zuckerberg and Alphabet CEO Sundar Pichai.

Getty Images

The world's 12 wealthiest people got richer by $36 billion in a day - and have now gained $264 billion in net worth this year

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zuckerberg
Mark Zuckerberg.

Reuters/Robert Galbraith

Big Tech's employee culls and 'year of efficiency' are working

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Satya Nadella
Microsoft, which laid off 10,000 workers in January, has bet big on AI.

Christophe Morin/IP3/Getty Images

YouTube Music contractors won a historic union election, which means Google could have to negotiate with a labor group for the first time

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YouTube Music and Cognizant workers strike outside Google's office in Austin, Texas.
YouTube Music and Cognizant workers strike outside Google's office in Austin, Texas.

SUZANNE CORDEIRO/ Getty Images

Meta is one of tech's most brutal job-choppers, axing a higher percentage of staff than Google and Microsoft

Tech Insider
Facebook founder and CEO Mark Zuckerberg at the company's first conference dedicated to messaging
Facebook founder and CEO Mark Zuckerberg.

Facebook/Meta

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