CoreWeave stock slumped Thursday after one Wall Street analyst issued the most bearish outlook yet for the polarizing artificial-intelligence cloud vendor. Abhishek Shukla of HSBC initiated coverage of CoreWeave in a research note Thursday, issuing a $32 price target and a Reduce rating—HSBC’s equivalent of Sell—citing elevated cost forecasts and few options for diversification. CoreWeave shares fell 6.3% to $134.08 on Thursday...
Continue ReadingMicrosoft's data center boom has been imperiling its 2030 carbon negative pledge, so the tech giant is turning to Vaulted Deep, which operates like a reverse oil company...
Continue ReadingProtera, a technology partner focused on cloud transformations and managed services, today announced it has attained the Microsoft Azure Expert Managed Service Provider (MSP) certification. This designation validates Protera's diversified technical expertise, proven project execution, holistic managed services offerings, and a commitment to delivering innovative Azure solutions at scale...
Continue ReadingBase succeeds where earlier Web3 apps have failed and puts Coinbase in position to compete with the likes of Facebook and PayPal...
Continue ReadingArtificial intelligence search engine Perplexity has jumped to a valuation of $18bn two months after raising money at a $14bn price tag, as investors.....
Continue ReadingMeta CEO Mark Zuckerberg is no longer the second-richest person in the world. That title now belongs to Oracle founder Larry Ellison...
Continue ReadingTesla, Inc. (NASDAQ:TSLA) is one of the AI Stocks Gaining Attention on Wall Street. On July 15, Evercore ISI reiterated the stock as in line. The firm said it’s staying cautious on Tesla shares. “We believe the stock, today, is increasingly both NOISE & SIGNAL based on: 1) Unabated negative revisions, 2) Disappointing AV rollout, 3) Increasingly […]...
Continue Reading(Bloomberg) -- The US Commerce Department imposed preliminary anti-dumping duties of 93.5% on Chinese imports of graphite, a key battery component, after concluding the materials had been unfairly subsidized.Most Read from BloombergThe Dutch Intersection Is Coming to Save Your LifeAdvocates Fear US Agents Are Using ‘Wellness Checks’ on Children as a Prelude to ArrestsLA Homelessness Drops for Second YearManhattan, Chicago Murder Rates Drop in 2025, Officials SayA trade association representing U...
Continue ReadingTesla stock remains under pressure due to Elon Musk’s political activism as well as rising competition from Chinese EV companies...
Continue ReadingAI agents — considered to be an evolution of an assistant — have been embraced across the tech world with large firms, including Microsoft, Salesforce and Oracle, spending billions on the technology to boost productivity and make operations more cost efficient. OpenAI's agent will combine aspects of its previous agentic features, operator, which can interact with websites, and deep research that can conduct multi-step research for advanced tasks. ChatGPT's agent can complete tasks such as ordering an outfit for a wedding while taking into account factors like dress code and weather...
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