OpenAI CEO Sam Altman speaks during the Snowflake Summit in San Francisco on June 2, 2025.Justin Sullivan | Getty Images News | Getty ImagesOpenAI CEO Sam Altman said artificial general intelligence, or “AGI,” is losing its relevance as a term as rapid advances in the space make it harder to define the concept.AGI refers to the concept of a form of artificial intelligence that can perform any intellectual task that a human can. For years, OpenAI has been working to research and develop AGI that is safe and benefits all humanity.”I think it’s not a super useful term,” Altman told CNBC’s…
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A couple of catalysts could propel shares of Nvidia higher in the coming months, according to Wells Fargo. As investors gear up for the artificial intelligence’s earnings after the bell Aug. 27, the firm increased its price target to $220 from $185 and reiterated an overweight rating on the stock. The firm’s updated target implies 20.4% upside potential from Friday’s close. This comes after The Financial Times reported that Nvidia and Advanced Micro Devices agreed to give the federal government a 15% share of their revenue from selling certain chips in China — namely Nvidia’s H20 chips and AMD’s MI308…
Oleksandra Yagello | Moment | Getty ImagesAs some popular travel credit cards boost annual fees and amend benefits, experts say it’s time to reassess which cards — if any — merit a spot in your wallet.”Annual fees are not inherently bad; you just need to make sure that you’re getting value from [the card],” said Ted Rossman, an industry analyst at Bankrate. “It’s getting harder to maximize, though.”In June, the Chase Sapphire Reserve card raised the annual fee to $795. That’s a 45% jump from $550, its previous annual cost.More from Personal Finance:Paying for college gets increasingly difficult as tuition…
FILE PHOTO: U.S. President Donald Trump and Russia’s President Vladimir Putin talk during the family photo session at the APEC Summit in Danang, Vietnam November 11, 2017. Jorge Silva | ReutersTalks between Russian President Vladimir Putin and U.S. counterpart Donald Trump are still days away, but the two leaders’ upcoming meeting to negotiate an end to the war in Ukraine is already seen as a victory for the Kremlin, the Russian economy and global financial markets.The discussions are set to take place on Friday in Alaska.”This is already a big win for Putin to be invited for the first time…
U.S. President Donald Trump (L) listens as Nvidia CEO Jensen Huang speaks in the Cross Hall of the White House during an event on “Investing in America” on April 30, 2025 in Washington, DC.Andrew Harnik | Getty Images U.S. markets continue to ride the artificial intelligence wave, with the tech-heavy Nasdaq Composite closing at fresh all-time highs Friday and other major indexes also rising. The seismic shifts from the AI wave can be felt everywhere — from fueling the rise of new billionaires at a record pace to drastically changing the cybersecurity and defense landscape and how governments are looking to…
Burbo Bank, Liverpool Bay, England, viewed from the sea turbines on Burbo wind farm off the U.K. coast.Ucg | Universal Images Group | Getty ImagesOrsted shares crashed more than 25% on Monday morning, after the wind farm developer said it plans a 60 billion Danish kroner ($9.4 billion) rights issue, following a “material adverse development” in the U.S. market. The company said this turn of events left it unable to raise funds from a planned partial divestment of its Sunrise Wind project off the coast of New York.Orsted will be offering existing shareholders first refusal on the new shares under the planned…
A photo shows the logo on US electric carmaker Tesla’s European headquarters in Amsterdam on May 2, 2025. Ramon Van Flymen | Afp | Getty ImagesElon Musk’s electric vehicle manufacturer and energy company Tesla is preparing to supply electricity to British households and businesses.The Texas-based company formally submitted its request for an electricity license to the British energy regulator Ofgem at the end of last month, according to a notice on the watchdog’s website.If approved, the move could pave the way for Tesla to compete with the big firms that dominate the U.K. energy market from as soon as next…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailMelco’s City of Dreams Sri Lanka, South Asia’s first integrated casino resort, is targeting Indian tourists with luxury experiences beyond Colombo’s beaches. Gihan Cooray, Deputy Chairman of John Keells Holdings, says that the potential from Indian travelers is vast and waiting to be tapped. Source link
Earnings roundupWe’re coming to the end of Europe’s corporate earnings season — here’s what we’ve learned so far.Research by Deutsche Bank shows full-year earnings estimates are down 10% since the final quarter of 2024. That being said, when it comes to guidance updates, the lender points out that more companies raised, rather than lowered, their guidance for the second quarter.More than a quarter of firms upgraded their guidance in the most recent quarter, with only 17% downgrading their outlooks.Those firms that have downgraded their guidance are focused in the chemicals and autos sectors, with tariffs and forex headwinds cited as…
A man walks past China’s and USA’s flags before a meeting between US Treasury Secretary Janet Yellen and China’s Vice Premier He Lifeng at the Guangdong Zhudao Guest House in the southern Chinese city of Guangzhou, on April 5, 2024. Pedro Pardo | Afp | Getty Images The U.S. and China have yet to announce an extension to their tariff deadline, with tensions over several thorny issues flaring up again just as a fragile truce nears its expiry.Following the latest bilateral meeting in Stockholm in July, Beijing had struck an optimistic tone, saying that both sides would work toward extending…
