
Early this year, AI development firm DeepSeek took the tech world by storm with its cost-effective AI models. It reached 100 million users in just 20 days while ChatGPT reached the same milestone in two months. The cherry on the cake is that it took a fraction of the cost. That’s truly inspiring for bootstrapping entrepreneurs!
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Apple (Nasdaq: AAPL) announced its first quarter results that continued to outpace market expectations. However, Apple’s disappointing iPhone sales and China performance did not please the market.
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Last week, Amazon (NASDAQ: AMZN) announced its fourth quarter results that surpassed market expectations. However, its stock slumped following a weak outlook.
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Meta (Nasdaq: META), formerly Facebook, announced its quarterly results that continued to outpace market expectations. Meta has been in the news recently as it pivots its stand on fact checking policies to align with the US government’s views. Its continued investments in AI and future growth engines are helping its stock rise. The company’s stock rose 1.5% in the afterhours trading session and has already gained more than 15% this year.
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This week, Alphabet aka Google (Nasdaq: GOOG) reported a mixed fourth quarter. It missed the revenue estimate as the cloud business growth was less than the previous quarter.
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Last week, Microsoft (Nasdaq: MSFT) announced its second quarter results that surpassed market expectations. However, its stock slumped following a weak outlook and the buzz around DeepSeek.
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According to a recent report, the conversational AI market is projected to grow at 25% CAGR to reach $49.9 billion by 2030 from $13.2 billion in 2024. The growth in the market is driven by the continuing development within the computer vision and voice recognition technology that in turn is driving more in-depth and personalized interactions.
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According to a recent report, the global data privacy software market size is estimated to grow at 36% CAGR to reach $17.2 billion market by 2032 from $3.84 billion in 2024. The significant growth in the industry is expected to be driven by the continuing adoption of IoT devices along with the added power of AI.
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