Tech giants Microsoft, Google, Meta, IBM, and Palantir are intensifying their investment in AI technologies.

Microsoft's investment in OpenAI and Mistral AI has elevated its market position, as evidenced by its AI product, Copilot for Security, driving its stock to a record high.

Google's AI endeavor with Bard, now Gemini, has faced setbacks due to technical inaccuracies.

Meta aims to leverage AI for enhancing video content and personalizing user feeds.

IBM anticipates using AI to streamline back-office functions, predicting a significant reduction in the workforce by 30% in those areas.

Palantir's AI platform, AIP, experiences a surge in demand, resulting in record profits for the company.