However, two hedge fund billionaires sold Microsoft and bought Meta Platforms in the third quarter: Stephen Mandel of Lone Pine Capital sold 364,426 shares of Microsoft, reducing his position by 18%.

Google is planning to shift its focus to Gemini in 2025, with its CEO Sundar Pichai noting that it will be a “critical” year.

OpenAI’s o3 system scored 85% on the ARC-AGI benchmark, well above the previous AI best score of 55% and on par with the average human score.