Seeking Alpha’s roundup of statements, announcements, and remarks that could impact the technology sector.
- Palantir (PLTR) CEO Alex Karp slammed famed investor Michael Burry for betting against Palantir (PLTR) and Nvidia (NVDA).
“The two companies he’s shorting are the ones making all the money, which is super weird,” Karp told CNBC on Tuesday. “The idea that chips and ontology is what you want to short is bats— crazy.”
Burry’s investment firm disclosed its positions in an SEC filing on Tuesday.
“He’s actually putting a short on AI,” Karp added. “It was us and Nvidia.”
Burry was made famous by the book “The Big Short” which chronicled how he bet against the housing market in the months leading up to the 2008 financial crisis.
- IBM (IBM) plans to eliminate thousands of jobs this quarter as it pivots towards higher growth segments such as services and software.
“We routinely review our workforce through this lens and at times rebalance accordingly,” an IBM spokesperson told Bloomberg. “In the fourth quarter we are executing an action that will impact a low single-digit percentage of our global workforce.”
The company ended 2024 with around 270,000 workers, Bloomberg noted.
- Perplexity AI has accused Amazon (AMZN) of trying to bully the AI startup by insisting that it stop allowing users of its Comet browser from using it to make purchases on Amazon, which has been developing its own AI agents.
“This week, Perplexity received an aggressive legal threat from Amazon, demanding we prohibit Comet users from using their AI assistants on Amazon. This is Amazon’s first legal salvo against an AI company, and it is a threat to all internet users,” Perplexity said in a blog post on Tuesday.
Perplexity asserted that Amazon didn’t want Comet used on its site because it interfered with Amazon’s ability to display ads and sponsored results to customers.
“Amazon wants to eliminate user rights so that it can sell more ads right now and partner with AI agents designed to take advantage of users later. It’s not just bullying, it’s bonkers,” Perplexity added in its post.
Amazon founder Jeff Bezos is an investor in Perplexity, along with Nvidia (NVDA).