Elon Musk expressed skepticism about the tech giants' ability to meet their commitments to President Trump's new AI investment project. Meanwhile, the stock market hit new highs, fueled by tech sector gains and strong earnings reports. Investors are optimistic about the potential of AI, driving the performance of companies like Microsoft and Nvidia. Other news includes potential layoffs at CNN and NBC News, and lower-than-expected bookings for video game maker Electronic Arts (EA).
Elon Musk cast doubt on three tech giants' ability to fulfill their pledges to President Donald Trump's new AI investment project.hit a new all-time high on Wednesday and notched its third-straight winning session. The index ended the day up 0.61% — just shy of its record closing high —on the back of gains in the tech sector and strong earnings reports. AI optimism boosted stocks likeElon Musk arrives for the inauguration of U.S. President-elect Donald Trump in the U.S.
, saying Wednesday that "If it's a little inflationary, but it's good for national security, so be it. I mean, get over it."on Thursday, people familiar with the matter told CNBC. The cuts — which aren't expected to affect CNN's more recognizable names — will help the network lower production costs and consolidate teams, the people said.
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