Shares of technology companies slipped after one disappointment in the artificial-intelligence niche.

Shares of Palantir tumbled after the data-analysis firm, which harnesses the power of AI, posted earnings that built on the robust growth in its previous report, but lagged the sky-high expectations of some investors.

The sector was due for a rebound Wednesday after surprisingly strong earnings from Reddit.

Former rivals Uber Technologies and Instacart have struck an unlikely partnership that will allow customers to order Uber Eats restaurant food via the Instacart app.

Wiz raised $1 billion in a deal valuing the cloud security startup at $12 billion. OpenAI is launching a new tool that can detect whether an image was created using the company's text-to-image generator, Dall-E 3.

The Chinese owner TikTok filed a U.S. federal lawsuit challenging the constitutionality of a new law that requires a sale or ban of the popular social-media app, setting up a court showdown over national security and free speech in the age of global information wars.

Cipher Mining shraes tumbled after the bitcoin miner posted revenue shy of expectations.

Write to Rob Curran at

(END) Dow Jones Newswires

05-07-24 1752ET