Digital render of NEOM’s The Line project in Saudi ArabiaThe Line, NEOMWhen Saudi Arabia first announced plans to reinvent its oil-based economy, huge infrastructure projects like the futuristic region NEOM and smart city The Line were championed as central to the transformation.Almost a decade on from the launch of its “Vision 2030″ transformation strategy, however, and Riyadh’s priorities have shifted with the times.Now, technology and artificial intelligence are key priorities for the kingdom.”We’re reprioritizing a little bit towards sectors that need it the most, and today it’s technology, artificial intelligence,” Faisal Alibrahim, Saudi’s economy minister, told CNBC Wednesday.”We want to…
Author: usaeverydaylife
Check out the companies making headlines in premarket trading. Nvidia — Shares climbed 3.5% in Wednesday’s premarket trading, building on the rally of around 5% seen in the prior session. The chipmaker is now closing in on the $5 trillion market cap milestone , which no other company has hit before. Boeing — The aerospace company whipsawed after it reported its latest quarterly results. For the third quarter, Boeing posted $23.27 billion in revenue, above the $21.97 billion that analysts surveyed by LSEG were expecting. However, it posted a steeper loss than expected, reporting $7.47 in adjusted loss per share…
Bank of America is bullish on Apple ahead of its Thursday earnings report. Analyst Wamsi Mohan reiterated his buy rating on the iPhone maker and lifted his price objective to $320 per share from $270. Mohan’s updated target implies a 19% upside for the stock. Mohan said that despite the company’s large size, it is poised for sustained growth over the long term. AAPL YTD mountain AAPL YTD chart Mohan pointed out that Apple is a beneficiary of the artificial intelligence trade, and eventually sees it emerging as a leader. Meanwhile, the company’s current brand, ecosystem and base gives it…
OpenAI CEO Sam Altman speaks to members of the media as he arrives at a lodge for the Allen & Co. Sun Valley Conference on July 8, 2025 in Sun Valley, Idaho.Kevin Dietsch | Getty Images News | Getty ImagesOpenAI on Wednesday announced two reasoning models that developers can use to classify a range of online safety harms on their platforms. The artificial intelligence models are called gpt-oss-safeguard-120b and gpt-oss-safeguard-20b, and their names reflect their sizes. They are fine-tuned, or adapted, versions of OpenAI’s gpt-oss models, which the company announced in August. OpenAI is introducing them as so-called open-weight models, which means…
Cfoto | Future Publishing | Getty ImagesCharacter.AI on Wednesday announced that it will soon shut off the ability for minors to have free-ranging chats, including romantic and therapeutic conversations, with the startup’s artificial intelligence chatbots.The Silicon Valley startup, which allows users to create and interact with character-based chatbots, announced the move as part of an effort to make its app safer and more age-appropriate for those under 18.Last year, 14-year-old Sewell Setzer III, committed suicide after forming sexual relationships with chatbots on Character.AI’s app. Many AI developers, including OpenAI and Facebook-parent Meta, have come under scrutiny after users have committed suicide…
Donald Trump and South Korean President Lee Jae Myung finalized details of their fraught trade deal at a summit in South Korea on Wednesday, and the U.S. president also sounded an optimistic note about a looming summit with China’s Xi Jinping.”We made our deal, pretty much finalized it,” Trump said at a dinner with Lee and other regional leaders on the sidelines of an Asia Pacific forum.The allies unveiled a deal in late July under which Seoul would avoid the worst of U.S. tariffs on its imports by agreeing to pump $350 billion of new investments into the United States…
(This is a wrap-up of the key money moving discussions on CNBC’s “Worldwide Exchange” exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. ET each day.) Investors are focused ways to play the health care sector and diversifying away from tech as the market hits new highs. ‘Worldwide Exchange’ pick: Thermo Fisher (TMO) Sarat Sethi of DCLA sees big upside in Thermo Fisher , a health care equipment and software maker that has underperformed due in part to a negative tariff impact and economic uncertainty. “What you are seeing is their demand is coming back from biotech and healthcare companies,…
CEO of Apple Tim Cook looks at the new iPhone 16 with Siddharth Suryanarayan and Aditi Rao Hydari as Apple holds an event at the Steve Jobs Theater on its campus in Cupertino, California, U.S. September 9, 2024.Manuel Orbegozo | ReutersApple’s Thursday earnings report is critical for investors because it includes the first official sales figures for the iPhone 17. The report covers sales through the end of September, which includes a little more than a weeks worth of sales data for the latest Apple smartphones that went on sale Sept. 19. In recent weeks, Wall Street has been boosting…
Glenn Fogel, Booking Holdings CEO, joins ‘Squawk Box’ to discuss the company’s quarterly earnings results, state of travel, impact of AI, and more. Source link
The Etsy NYC headquarters building is seen in New York City.Michael M. Santiago | Getty Images News | Getty ImagesEtsy CEO Josh Silverman will step down from his position and move to the role of executive chairman at the end of the year, the online marketplace said Wednesday.This is breaking news. Please refresh for updates. Source link
