AI on the prize… Big Tech names are set to report after AI innovations fueled recent rallies. Meta teamed up with Microsoft to offer its large language model to developers, who can use it to build AI software. Google updated its Bard bot (more languages, better image analysis) and launched it in Europe. Meanwhile, Snap just intro’d a genAI lens that can anime-fy selfies. But as concerns mount around the new tech, Meta, Google, Amazon, and others just agreed with the Biden admin to add more guardrails.
Purple shake… Fast-food earnings are next up for delivery. Domino’s, McDonald’s, and Chipotle topped Wall Street’s expectations in April as Americans kept hitting the drive-thru (and delivery apps). Now the chains want to grow their reach. Chipotle is expanding big-time in small towns, where it says it's seen up to 3X more burrito sales. Domino’s is taking its ’za-delivery biz to UberEats for the first time. And McDonald’s has leaned on viral menu items to boost growth (its Grimace shake is already beefing up sales).