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Meta is making a $14.3 billion investment in artificial intelligence company Scale and recruiting its CEO Alexandr Wang to join a team developing “superintelligence” at the tech giant. The deal announced Thursday reflects a push by Meta CEO Mark Zuckerberg to revive AI efforts at the parent company of Facebook and Instagram as it faces tough competition from rivals such as Google and OpenAI. Meta announced what it called a “strategic partnership and investment” with Scale late Thursday...
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(Bloomberg) -- Meta Platforms Inc. has finalized a multibillion-dollar investment in Scale AI and recruited the startup’s chief executive officer to join its artificial intelligence efforts — an unusual deal that signals a heightened push by the social media giant to catch up on AI development. Most Read from BloombergShuttered NY College Has Alumni Fighting Over Its FutureTrump’s Military Parade Has Washington Bracing for Tanks and WeaponryNYC Renters Brace for Price Hikes After Broker-Fee BanD...
Continue ReadingBoth giants could become long-term winners, but owning their stocks would take a different mindset altogether...
Continue ReadingOne expert thinks the tech leader may be departing from its founder's legacy...
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AI and U.S. growth stocks have rebounded to record highs after their slump in February and March, rewarding those who bought the dip, especially in the IT and AI sectors. At the heart of this resurgence is Taiwan Semiconductor Manufacturing (TSM), better known as simply “TSMC”, the silent powerhouse behind the AI boom. The stock is within grasp of yet another historic high around the $225 mark. TSMC produces the chips that drive everything from Nvidia’s GPUs to Apple’s iPhones, and it’s now expe...
Continue ReadingMarket Domination Overtime hosts Julie Hyman and Josh Lipton preview the top market stories and headlines Wall Street will be paying attention to tomorrow, Friday, June 13, including June's preliminary consumer sentiment reading, Regeneron Pharmaceuticals' (REGN) annual shareholder meeting, and the closing day of Apple's (AAPL) 2025 Worldwide Developers Conference (WWDC). To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here...
Continue ReadingWe recently published a list of Investors Are Gobbling Up Shares of These 10 Firms. In this article, we are going to take a look at where Tesla, Inc. (NASDAQ:TSLA) stands against other top-performing companies on Tuesday. Tesla grew its share prices for a third straight day on Tuesday, jumping 5.67 percent to finish at […]...
Continue ReadingMicrosoft (MSFT) reached $478.87 at the closing of the latest trading day, reflecting a +1.32% change compared to its last close...
Continue ReadingIn the latest trading session, Tesla (TSLA) closed at $319.11, marking a -2.24% move from the previous day...
Continue ReadingAre robots the solution to China's growing aged care problem? The Chinese Ministry of Industry and Information Technology has announced a large-scale trial program to test whether intelligent machines can provide not just physical assistance, but also emotional support for its expanding senior population. What Happened: The ministry has invited private companies with proven track records in elder care to apply for the initiative. Firms must have robust environmental, credit, and safety records t...
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