The advent of so-called physical artificial intelligence is believed by many to be the next frontier of the AI investing cycle, opening up opportunities to get behind robotics makers, auto suppliers and specialty semiconductor companies. Investors are looking for another way to play AI after huge runs in Nvidia and the other stocks powering and producing digital bots like ChatGPT. Search bots were the start and the technology has now moved into “agentic AI” like customer service representatives and research assistants. Now the focus for investors analyzing the leading edge of this technology is becoming interaction in the physical world…
Author: usaeverydaylife
When Mark Cuban started the company that made him a millionaire, he was nearly at rock bottom — and he doesn’t think that was a coincidence.”If you’ve got nothing, it’s the perfect time to start a business,” Cuban told the “Lex Fridman Podcast,” in an episode that aired last year.He cited himself as proof: He’d recently been fired from his job at a computer software store and was sleeping on the floor of a three-bedroom apartment with six roommates when he launched his first startup, a tech company called MicroSolutions, in 1983.”I couldn’t go any lower,” said Cuban, now 66.…
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., at the Institute of International Finance (IIF) during the annual meetings of the IMF and World Bank in Washington, DC, US, on Thursday, Oct. 24, 2024. Kent Nishimura | Bloomberg | Getty ImagesSan Francisco, famed for its abundance of hoodie-clad tech workers, was overrun by thousands of executives in suits this week for JPMorgan’s annual health-care conference.Leaders from major health systems, venture capital firms and companies around the globe clustered in hotel lobbies to talk business and strategy for 2025. The sunny skies were a welcome reprieve from the downpours of…
Migrants used to gather by the hundreds in encampments in Ciudad Juárez, on the Mexican side of the Rio Grande, waiting for a chance to cross into the United States. But as President-elect Donald J. Trump prepares to take office on Monday, few people could be found this past week on the once-teeming embankments.All that remained were extinguished campfires, discarded shoes, shirts and toothbrushes.One Mexican city after another has reported a similar situation along the border with the United States, where the number of migrants has steadily dropped in recent months. The decline has been attributed largely to hardened restrictions…
KBR headquarters in Houston, TX.Courtesy: KBRCompany: KBR Inc (KBR)Business: KBR provides scientific, technology and engineering solutions to governments and companies around the world. The company operates through two segments: Government Solutions and Sustainable Technology Solutions. Its Government Solutions (GS) business segment provides full life-cycle support solutions to defense, intelligence, space, aviation and other programs and missions for military and other government agencies in the United States, the United Kingdom and Australia. Its Sustainable Technology Solutions (STS) business segment is anchored by process technology that spans ammonia/syngas/fertilizers, chemical/petrochemicals, clean refining and circular process/circular economy solutions.Stock Market Value: $7.91B ($59.36 per share)Stock…
Specific sectors of the market could be standout winners once President-elect Donald Trump returns to the White House on Monday, according to Alpine Macro. Those pockets include small caps, industrials, fossil energy, and aerospace and defense stocks, Dan Alamariu, the firm’s chief geopolitical strategist, wrote in a Thursday note. Specifically, he suggested investors go long on oil stocks and small-cap industrials, and short on crude oil prices, alternative energy and specialty retailers. Alpine Macro’s picks come as stocks linked to the so-called Trump trade came back to life this week, including the Russell 2000 and defense and energy stocks. More…
With the prospect of TikTok disappearing in the U.S., creators on the app spent the week posting heartfelt goodbyes to their fans.”I never even in a million years ever thought that anybody would ever just care about what I say,” Kimberly Rhoades, a creator of humorous videos, told her 3 million followers on Thursday. “If this app goes away, it was a beautiful, beautiful ride.”A day later, the Supreme Court ruled 9-0 to uphold the law requiring a forced sale of TikTok by Chinese-parent ByteDance or a ban of the app in the U.S. The short-form video app that rose…
Rupee coin.Abhishek Mehta | Moment | Getty ImagesIndia will likely cut its disinvestment and asset monetization target by 40% for 2024-25 in the federal budget to be presented next month, The Economic Times newspaper reported on Saturday, as planned sales of state-run firms run into a host of setbacks.The government will likely revise the target to less than 300 billion rupees ($3.47 billion) from the initial 500 billion rupees, the newspaper said, citing people aware of the deliberations.The government may set the target at about 450 billion rupees to 500 billion rupees for the next fiscal year, as it intends…
South Korea’s impeached President Yoon Suk Yeol arrives at the Corruption Investigation Office for High-ranking Officials (CIO), in Gwacheon, South Korea, January 15, 2025. Korea Pool | Via ReutersSouth Korea’s impeached President Yoon Suk Yeol attended a court hearing on Saturday to fight a request by investigators to extend his detention on accusations of insurrection. Yoon on Wednesday became the country’s first sitting president to be arrested, in a criminal probe related to his short-lived declaration of martial law on Dec. 3. Investigators requested a detention warrant on Friday to extend their custody of Yoon for up to 20 days. He…
It has become a cliché to lament that the U.S. government no longer does big, audacious things. But banning TikTok — a social media platform that roughly half of Americans use — would certainly qualify as big and audacious.That outcome became more likely yesterday, even if it is far from assured. The Supreme Court unanimously upheld a bill that Congress passed last year forcing ByteDance, the Chinese company that owns TikTok, to sell it. If ByteDance refuses, as Chinese officials have so far insisted, the app will no longer be available for downloads or updates in the U.S. as early…
