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A new sport-utility vehicle launched by Xiaomi has drawn a rush of first-day orders, signaling the arrival of what analysts say might be a “Tesla killer.” Preorders for Chinese consumer electronics giant Xiaomi’s YU7, unveiled Thursday, hit 200,000 units in the first three minutes of sales, and 289,000 in the first hour, the company said. At the launch, Xiaomi founder Lei Jun compared the YU7 to Tesla’s Model Y, pointing out that it was about $1,395 cheaper...
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Thomas Wolf, co-founder and chief science officer at Hugging Face, has cast doubt on the belief that current artificial intelligence systems will lead to major scientific breakthroughs. Wolf told Fortune that today's large language models, or LLMs, excel at providing answers but fall short when it comes to formulating original questions. “In science, asking the question is the hard part,” he said. “Once the question is asked, often the answer is quite obvious, but the tough part is really asking...
Continue ReadingThe S&P 500 may be in a bubble as stagflationary risks rise. The recent bounce was due to multiple expansion. Learn what could trigger a market correction...
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TOKYO (Reuters) -SoftBank Group CEO Masayoshi Son on Friday said he wants the Japanese technology investment group to become the biggest platform provider for "artificial super intelligence" within the next 10 years. "We want to become the organiser of the industry in the artificial super intelligence era," Son told shareholders at the group's annual shareholder meeting. Son likened his aim to the position of dominant technology platform providers such as Microsoft, Amazon and Alphabet's Google, which benefit from a "winner takes all" dynamic...
Continue ReadingMicrosoft shares on Thursday hit the latest in a series of record highs, boosted by Wall Street optimism about the company's position amid the AI boom. Monitor these key chart levels...
Continue ReadingSHANGHAI (Reuters) -Xiaomi won more orders than expected for its new YU7 electric sports utility vehicle in the first hours after it went on sale, sending the company's shares up 8% to an all-time high. The Chinese EV and smartphone maker on Thursday priced its new electric YU7 SUV from 253,500 yuan ($35,364), almost 4% below Tesla's Model Y. The YU7 received 289,000 orders in the first hour on sale, Xiaomi said...
Continue ReadingCircle Internet Group (CRCL) has quickly become the third most actively traded U.S. stock, an unusual feat for a company with a $60 billion market cap and an IPO less than a month old. In the last trading session, the stock notched up over 1 million shares in trading volume compared to an average daily volume of ~45k. In recent days, the stock rose from ~$210 to almost $300 per share before paring gains and now trading around $222. While such intense volume draws attention, it also raises questi...
Continue ReadingMicrosoft Corporation (NASDAQ:MSFT) is one of the Best Wide Moat Dividend Stocks to Invest in. Microsoft Corporation (NASDAQ:MSFT) has a diverse range of technology operations, including cloud computing, Microsoft Office 365, gaming, LinkedIn, search, advertising, and more. A key advantage for Microsoft Corporation (NASDAQ:MSFT) is that many of these areas involve services rather than physical […]...
Continue ReadingBYD Company (BYDDF) may now be the world’s top-selling EV maker, but it remains underappreciated by Western investors. According to Main Street data, BYD has delivered over 4 million vehicles in 2024. While building out a strong battery and charging ecosystem, and a vertically integrated, tech-driven business model, BYD is far more than a regional Tesla rival. Its global expansion and innovation pipeline support a bullish long-term view—I’m assigning a Buy rating. Evaluating the Chinese EV Giant...
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