“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 …
Apple’s impressive stock price over the last couple of decades has been propelled by its groundbreaking consumer tech, beginning with the iPod and iMac, then progressing to the iPhone and iPad, and more recently to the Apple Watch and AirPods. But beyond the iconic gadgets, Apple is harnessing its technological expertise to design custom chips …
Bill Gates warns the world is expected to exceed 2 degrees Celsius of global warming. This came as leaders gathered in Dubai for the United Nations’ annual climate summit. Gates acknowledged that while progress has been made, the 2-degree goal might be missed, requiring adaptation to become a priority. Bill Gates arrives for a press …
(Bloomberg) — Treasury bond yields surged following data showing a continued rise in consumer year-ahead inflation expectations, prompting some traders to take profits on dovish Federal Reserve wagers. Most Read from Bloomberg Despite thin trading ahead of the Thanksgiving holiday, two-year US yields reached over 4.9%. The S&P 500 saw a slight increase. Amazon.com Inc. …
(Bloomberg) — A stunning reversal has taken place at OpenAI, the company that has been the center of a drama that’s captivated Silicon Valley and the global AI industry. Sam Altman is making a return as the chief executive officer, and the initial board will be led by Bret Taylor, a former co-CEO of Salesforce …
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 …
4 Hours Ago Sunac shares surge as Chinese property developer says it’s met restructuring conditions Sunac’s shares soared on Tuesday as the struggling Chinese real estate company reports the successful fulfillment of its debt restructuring prerequisites. The company has commenced its debt overhaul in exchange for the issuance of new notes, leading to an 18% …
Renowned value investor Jeremy Grantham is placing his bets on a select group of stocks with the launch of his firm’s premier active ETF: the GMO U.S. Quality ETF. Tom Hancock, a partner at GMO, has been entrusted with the strategy for this new endeavor. “There’s a lot more interest in active ETFs than there …
CNBC’s Jim Cramer offered insights into the recent earnings season, noting that while the overall performance of sectors was positive, many stocks saw declines related to factors like high interest rates rather than poor company performance. Reflecting on the earnings season, CNBC’s Jim Cramer highlighted the overall positive performance of sectors. He emphasized that the …
\ Stock Market Update 31 Mins Ago A recent market divergence could spell turbulence for stocks, warns BTIG. BTIG has highlighted a unique technical signal that could indicate a pullback for stocks. Specifically, the Nasdaq 100 closed less than 5% below a 52-week high, while the Russell 2000 closed less than 5% above a 52-week …