In recent weeks, hedge funds have appeared more cautious in their investment strategies. A TradingView report shows that many of these pooled-capital outfits have lowered their market exposure, and this may suggest wariness regarding the current economic clime. The latest predictions hint that the US Federal Reserve might start slicing interest rates in September 2024.…
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Despite being a global top 10 most expensive stock on the S&P 500, TSLA sunk 1.6% lower in the US premarket trading this morning in New York after falling 8.4% yesterday afternoon. It broke its 11-day upward streak after announcing the postponement of its robotaxi project to October to allow teams to build additional prototypes.…
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The fast-food chain has been using AI systems to respond automatically to customer orders as part of its deal with IBM, which has been in place since 2021. The trial is set to end on 26 July, with some industry analysts wondering what this decision means regarding the possible rollout of AI across the leading…
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Joonko, a New York City artificial intelligence (AI) startup, operated an AI-driven job board to promote diverse and inclusive employee hires. Based on a June 2023 New York Post report, Raz resigned after an internal company investigation found that she had “engaged in egregious, unethical and fraudulent conduct, which caused harm to the company and…
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A fall of almost 18% was registered on Friday despite DELL reporting an increase in revenue for the first time in two years. Expectations were high thanks to the current AI boom, so while the $22.6bn profits were better than the $21.6bn predicted and a 6.3% rise from last year, it wasn’t enough to convince…
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The firm’s adjusted earnings per share of $0.82 and net revenue of $12.8bn were both higher than expected. This led to HPQ amending its predicted full-year adjusted earnings per share to a range that covers from $3.30 up to $3.60. These results haven’t affected the forecast for its free cash flow forecast, as the estimate…
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Its new funding efforts were led by Index Ventures and could be taken as a sign that investors remain keen to put large sums of money into the AI space. ICONIQ Growth and Teachers’ Venture Growth, Atomico and WiL all took part in the funding round. DeepL aims to use this cash to carry on…
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That hamstrings businesses wishing to maximise AI technologies and innovations internationally and across local borders. Yahoo Finance reports that in Utah, for instance, legislators are pondering whether select companies should disclose non-human interaction with customers. Connecticut lawmakers are considering regulations for lesser transparency regarding so-called "high-risk" AI applications. Don’t miss out the latest news, subscribe…
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Reddit, a news aggregation site and forum network with over 73 million users, has never made a profit to date, but is regarded as one of the world’s biggest and most widely read websites. It has now revealed that its IPO will involve 22 million shares that will be sold for between $31 and $34…
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On Monday, 26 February 2024, Microsoft announced it had struck a multi-year deal with Mistral AI. The US tech titan invested $16m in the French company to introduce its specific AI protocols through the Azure cloud computing platform. In its press statement, Microsoft wrote: This partnership with Microsoft enables Mistral AI with access to Azure's…
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