“Facebook’s parent company, Meta, held an event in San Francisco this week celebrating the 10-year anniversary of its Fundamental AI Research team. Meta’s chief scientist, Yann LeCun, revealed that society is more likely to witness “cat-level” or “dog-level” AI in the coming years than human-level AI. Unlike tech giants such as Google and Microsoft, Meta …
On Tuesday, CNBC’s Jim Cramer responded to Bank of America’s optimistic forecast for 2024, concurring that it’s plausible for the S&P 500 to reach 5000 by the end of next year. Bank of America’s strategist, Savita Subramanian, stated on the same day that she foresees 2024 as a “stock picker’s paradise.” She expressed bullishness not …
Jonathan Raa | Nurphoto | Getty Images Elon Musk railed against major advertisers and Media Matters, a media watchdog group, on Friday following the decision of several top brands to temporarily pause their ad spending on X, a social media platform where Musk serves as CTO. In a late Friday night tweet, Musk announced his …
CNBC’s Jim Cramer believes in the potential of the “Magnificent Seven” tech stocks and thinks investors who sold after recent dips may regret their decision. Cramer emphasizes that you shouldn’t panic and follow the herd just because everyone else is selling, especially when it comes to high-quality stocks. CNBC’s Jim Cramer stands by his “Magnificent …
Here’s our Club Mailbag email [email protected] — so you can send your questions directly to Jim Cramer and his team of analysts. Please note that we do not provide personal investing advice. We focus on answering more general questions about the investment process, stocks in the portfolio, or related industries. This week’s question: What’s a …
Google has agreed to invest up to $2 billion in Anthropic, the artificial intelligence (AI) startup founded by former executives of OpenAI, as confirmed by CNBC. The investment includes an upfront cash infusion of $500 million and an additional $1.5 billion to be invested over time. Anthropic, the developer of Claude 2, a rival chatbot …
Traders work on the floor of the New York Stock Exchange (NYSE), July 26, 2023. Brendan McDermid | Reuters Stocks rose on Tuesday as investors eagerly awaited a fresh batch of earnings reports and closely monitored the latest movements in Treasury yields. The Dow Jones Industrial Average gained 204 points, or 0.6%. The S&P 500 …
Traders work on the floor of the New York Stock Exchange (NYSE) on October 20, 2023 in New York City. Spencer Platt | Getty Images Stock futures ticked higher on Monday morning as traders eagerly awaited the release of corporate earnings from tech industry giants. Futures tied to the Dow Jones Industrial Average rose 49 …
47 Mins Ago 30% of S&P 500 companies are set to report earnings this week Investors are eagerly anticipating the busiest week of earnings season, as 30% of companies in the S&P 500 are scheduled to report. Tech giants Alphabet and Microsoft are set to release earnings after the closing bell on Tuesday. Meta is …
According to a report from venture capital firm Konvoy, publicly listed gaming companies, including Activision Blizzard, Electronic Arts, Nintendo, and others, currently hold a staggering $45.1 billion in cash and cash equivalents. This substantial cash reserve could potentially lead to further consolidation within the $188 billion video games industry. The report also highlights that gaming …