Meta Platforms (META) is positioning itself as a leader in AI technology, not only with its recent open-source large language models (LLM) advancements but also by integrating AI into its existing suite of products. While companies like OpenAI have traditionally led in AI innovation, Meta’s LLaMA 2 models have gained significant attention, and they are proving to perform on par, if not better, in certain benchmarks. The strategic focus Meta has placed on monetizing these AI tools across its platforms — including Facebook, Instagram, and WhatsApp — gives it a unique competitive advantage. This commitment to revenue generation from AI…
Author: usaeverydaylife
A Joby Aviation electric vertical take-off and landing (eVTOL) aircraft during an event at Edwards Air Force Base in Edwards, California, US, on Monday, Sept. 25, 2023. Air taxi start-up Joby Aviation Inc. today announced it has delivered its first eVTOL to the US Air Force. Bloomberg | Bloomberg | Getty ImagesToyota Motor said Wednesday it will invest another $500 million in Joby Aviation to support certification and commercial production of Joby’s electric air taxi.The Japanese automaker’s new funding is on top of $394 million in prior investments it made in Joby and is part of a strategic alliance on commercial…
The U.S. Capitol building is seen bellow a stormy sky on July 22, 2024 in Washington, DC. Samuel Corum | Getty ImagesA federal appeals court in Washington, D.C., cleared the way Wednesday for Americans to bet on the outcome of the 2024 congressional elections. The appeals court in a decision rejected an effort by the Commodity Futures Trading Commission to prohibit the commodities exchange KalshiEx from offering “Congressional Control Contracts” as the federal agency appealed a lower court’s ruling that gave a green light for such bets.The CFTC “has failed to at this time to demonstrate that it or the public…
Two and half years ago, the Las Vegas Raiders traded for Davante Adams. It was a big day. There might have been balloons. They gave up a first- and a second-round pick to get one of the elite receivers in the league, and some members of the media got pretty excited about it.But the Raiders never even sniffed the playoffs, let alone the Super Bowl, and bad decisions and a general lack of success chipped away at the relationship to the point where Adams has most likely played his last game for the Silver and Black.According to a league source,…
People walk on a pedestrian bridge displaying the Shanghai and Shenzhen stock indexes on January 02, 2024 in Shanghai, China. Hugo Hu | Getty ImagesThat’s because these funds mostly invest in Chinese equities that trade on the Hong Kong Stock Exchange or U.S. exchange-listed companies that are headquartered or incorporated in China. Mainland Chinese markets, including Shanghai and Shenzhen stock exchanges, will remain closed until Oct. 8.”I am bullish on Chinese equities; this time is different,” Scott Rubner, tactical specialist at Goldman Sachs, said in a note. “I have never seen this much daily demand for Chinese equities: I do not even think…
A new trading month is underway, and JPMorgan is highlighting key stocks that it believes are due to outperform. All three major averages kicked off October in the red on Tuesday as Iran’s missile barage attack on Israel heightened tensions in the Middle East, dampening investor sentiment toward risk assets. The Nasdaq Composite led the way among the major three indexes, falling more than 1%. On Monday, all three indexes closed out September higher. It was the fifth straight winning month for both the S & P 500 and Dow Jones Industrial Average , each of which closed at an…
My top 10 things to watch Wednesday, Oct. 2 1. Wall Street on Wednesday is set to extend the tough start to October, one day after Iran’s missile attack on Israel heightened Mideast tensions. Oil and natural gas prices were up again. However, there was a bright spot before the bell: Hiring at U.S. companies, according to ADP, was better than expected in September. Investors are handicapping what Friday’s monthly employment report from the government might bring and mean for the pace of further Fed interest rates cuts. 2. Saudi Arabia has signaled to fellow OPEC+ members that $50 oil…
Jeep vehicles are delivered to a dealership on June 20, 2024 in Chicago, Illinois. Scott Olson | Getty ImagesDETROIT — Stellantis’ U.S. new vehicle sales continued a yearslong free fall during the third quarter, despite CEO Carlos Tavares’ attempts to correct what he has called “arrogant” mistakes.The trans-Atlantic carmaker reported U.S. sales Wednesday of 305,294 from July through September, a 19.8% decline from the third quarter of 2023 and an 11.5% decrease from the prior three months of this year.Stellantis was expected to be the worst sales performer of major automakers during the third quarter. Auto industry forecaster Cox Automotive had…
How many layers of refereeing and re-refereeing does English football need before it can reach a correct decision?When Bruno Fernandes stretched to tackle James Maddison at Old Trafford on Sunday, slipped, then caught him with his studs, referee Chris Kavanagh was quick to produce a red card for serious foul play.Video assistant referee (VAR) Peter Bankes then had the opportunity to review the decision with the benefit of footage that Kavanagh — whose view was blocked by Manuel Ugarte and Cristian Romero — did not have. But Bankes did not choose to intervene, seemingly confident that the threshold for overturning…
A worker unloads a new Tesla Model 3 from a truck at a logistics drop zone in Seattle, Washington, US, on Thursday, Aug. 22, 2024. Bloomberg | Bloomberg | Getty ImagesTesla posted its third-quarter vehicle production and deliveries report on Wednesday. The stock fell as much as 3.7% Monday morning after the report.Here are the key numbers:Total deliveries Q3 2024: 462,890Total production Q3 2024: 469,796Analysts were expecting deliveries of 463,310 in the period ending Sept. 30, according to estimates compiled by FactSet StreetAccount.Deliveries are not defined in Tesla’s financial disclosures, but are the closest approximation to units sold reported by the company.…