Value within the artificial intelligence industry is slowly shifting, from the companies developing models to the apps building on top of them. Early in the AI race, critics viewed apps like Perplexity, Replit, Sesame and Abridge as second-rate middlemen, slapping an interface on someone else’s technology. They were disparagingly known as AI wrappers: companies with entire apps or businesses wrapped around existing models. Companies like OpenAI, Google, Meta and Anthropic developed their own models.The arrival of ultra-efficient models and increasing model commoditization accelerated the shift.”There was an impression that the only way to compete in AI would be to raise hundreds…
Author: usaeverydaylife
Customers shop for fresh fruits and vegetables in a supermarket in Munich, Germany, on March 8, 2025.Michael Nguyen | Nurphoto | Getty ImagesGerman inflation came in at a lower-than-expected 2.3% in March, preliminary data from the country’s statistics office Destatis showed Monday.It compares to February’s 2.6% print, which was revised lower from a preliminary reading, and a poll of Reuters economists who had been expecting inflation to come in at 2.4% The print is harmonized across the euro area for comparability. On a monthly basis, harmonized inflation rose 0.4%. Core inflation, which excludes food and energy costs, came in at 2.5%,…
A slowdown in first-quarter deliveries and headwinds from Tesla protests could dampen the company’s near-term growth, according to Stifel. Analyst Stephen Gengaro reiterated his buy rating but trimmed his price target by $19 to $455. That still implies more than 72% upside from where shares closed on Friday. Gengaro lowered his first-quarter and full-year 2025 delivery forecasts, saying a slower-than-expected rollout of Tesla’s new Model Y and the timing of its lower-priced vehicle could affect sales volumes. Tesla is expected to unveil a lower-cost electric vehicle, potentially a variant of its Model Y car, in the first half of the…
U.S. President Donald Trump speaks to members of the media aboard Air Force One before landing in West Palm Beach, Florida, U.S., March 28, 2025. Kevin Lamarque | ReutersPolicy uncertainty and new sweeping tariffs from the Trump administration are combining to create a stagflationary outlook for the U.S. economy in the latest CNBC Rapid Update.The Rapid Update, averaging forecasts from 14 economists for GDP and inflation, sees first quarter growth registering an anemic 0.3% compared with the 2.3% reported in the fourth quarter of 2024. It would be the weakest growth since 2022 as the economy emerged from the pandemic.Core PCE…
In a refugee settlement on the outskirts of Karachi, Pakistan, Afghan families gathered on Sunday to observe the festival of Eid al-Fitr — not in joyous celebration, but in quiet apprehension. On Monday, thousands who have called Pakistan home for generations face a deportation deadline and an uncertain, possibly dangerous future.Since the Soviet invasion of Afghanistan in 1979, millions of Afghans have sought refuge in neighboring Pakistan, fleeing waves of violence and instability. Over the decades, many have returned home, but conflict and political upheaval continue to send hundreds of thousands back.The latest wave of displacement followed the Taliban’s takeover…
Norwegian Cruise Line could be the most reliable cruise stock during a broader economic slowdown, according to Jefferies. Analyst David Katz initiating coverage of the cruise line operator with a buy rating and $25 price target, which implies shares could jump 30.5%. Although Norwegian Cruise Line is the smaller operator of its peers, Katz added that the company trades at a premium valuation against its peers, and could also “weather downside in the macro better than most.” “As the fourth largest cruise line in the world (behind CCL, RCL, and MSC), there is a lot to like about NCLH,” Katz…
Protesters gather in front of the U.S. consulate during a demonstration, under the slogan, “Greenland belongs to the Greenlandic people”, in Nuuk, Greenland, March 15, 2025.Christian Klindt Soelbeck | Via ReutersThe battle over Greenland is set to intensify this week as Denmark’s prime minister travels to the Arctic island just days after U.S. Vice President JD Vance visited and lambasted the Scandinavian country for neglecting the vast territory.The Danish government announced at the weekend that Prime Minister Mette Frederiksen will visit Greenland from Wednesday to Thursday. Her visit comes amid continuing U.S. interest in the island, which U.S. President Donald…
The logo of an Aston Martin car is being seen at the 14th annual Yorkville Exotic Car Show on Fathers Day, June 16, 2024, in Toronto, Ontario.Nurphoto | Nurphoto | Getty ImagesShares of Britain’s Aston Martin jumped 13% on Monday after the luxury carmaker said it will raise more than £125 million ($161.7 million) through funding from Chairman Lawrence Stroll’s investment vehicle and the sale of a minority stake in the Formula One racing team.Yew Tree Consortium, an investment vehicle led by Canadian billionaire Stroll, is paying around £52.5 million to increase its stake in the storied British carmaker.Stroll’s stake…
U.S. President Donald Trump walks towards Marine One on the South Lawn of the White House on March 28, 2025 in Washington, DC. Andrew Harnik | Getty ImagesU.S. President Donald Trump said on Sunday that reciprocal tariffs he is set to announce this week will include all nations, not just a smaller group of 10 to 15 countries with the biggest trade imbalances.Trump has promised to unveil a massive tariff plan on Wednesday, which he has dubbed “Liberation Day.” He has already imposed tariffs on aluminum, steel and autos, along with increased tariffs on all goods from China.”You’d start with all…
The French naval patrol plane descended rapidly through the clouds, leveling off at 900 feet above the Baltic Sea, practically skimming the waves. The target was a Russian warship, which came into view off the plane’s port side, dark gray against a light gray horizon.The aircraft, an Atlantique 2 of the French Navy, was designed to hunt submarines and other enemy naval craft, but on this day its torpedo bay was empty and its only weapons were a high-resolution camera and other sophisticated surveillance instruments. The goal was to observe, and be seen observing.“We are to show that we are…
