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(Bloomberg) -- Open artificial intelligence models that allow developers to customize them with few restrictions are more likely to promote competition, Federal Trade Commission Chair Lina Khan said, weighing in on a key debate within the industry.Most Read from BloombergTrump Risks Losing Voters He Needs With Loaded Attacks on HarrisHarris Just Showed Why Trump Is So Afraid of HerStocks Caught in Tug of War Between Tech and Rest: Markets WrapMarkets Tear Up Popular Trades That Reached ‘Stupid L...
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On Thursday's edition of Asking for a Trend, Host Josh Lipton breaks down some of the biggest stories and themes impacting markets. The auto sector is grabbing investor attention as major companies like Stellantis (STLA) and Ford (F) report underwhelming second-quarter earnings. CarGurus director of industry insights and analytics Kevin Roberts explains that despite disappointing earnings, the auto industry is still "quite healthy." He notes that the earnings suggest the sector is going through "a bit of a rebalancing right now." The major indexes (^DJI, ^IXIC, ^GSPC) closed mixed on Thursday as they try to recover from a three-day tech sell-off. This downturn was triggered by disappointing earnings reports from Tesla (TSLA) and Alphabet (GOOG, GOOGL) — two of the "Magnificent Seven" tech giants. Yahoo Finance reporter Jared Blikre analyzes the day's top market trends, discussing the rotation into small-cap stocks and Japan's financial markets, which appear to be going through a "capitulation." The future of regulation for startups and big businesses rests on the 2024 election, as former President Donald Trump and Vice President Kamala Harris have vastly different agendas. Tusk Venture Partners co-founder and managing partner Jordan Nof says that a new administration will likely bring a new leader to the Federal Trade Commission (FTC) "and potentially a different posture that the FTC takes with antitrust specifically." He notes that many investors are worried that Big Tech "just does not want to transact right now," and that fear "really takes a lot of the wind out of the sails in terms of how you can underwrite a deal to an exit." He also explains that investors and early-stage fund managers prefer Trump-era policies compared to Biden's current policies and are most likely to vote with their pocketbooks in this election. Josh Lipton then breaks down what to watch on Friday, July 26th, before turning to some of the biggest movers in after-hours trading, from Skechers (SKX) to L3Harris Technologies (LHX). This post was written by Melanie Riehl...
Continue ReadingMarket averages (^DJI, ^IXIC, ^GSPC) seek to reverse their bad luck from Wednesday and hold on to gains heading into Thursday's market close. Julie Hyman and Josh Lipton report on the top market movers and leading industry stories while helping investors through the final trading hour. Royal Caribbean Group (RCL) CFO Naftali Holtz joins the program to comment on the cruise operator's second quarter earnings and why it continues to see "very, very strong" demand. For this week's Good Buy or Goodbye., BullseyeBrief.com Ingenuity Fund portfolio manager Adam Johnson comes on to provide expert opinions on two stocks: Builders FirstSource (BLDR) and Charles Schwab (SCHW). Other top trending stocks on the Yahoo Finance platform include Honeywell International (HON), RTX (RTX), and Lululemon (LULU). This post was written by Luke Carberry Mogan...
Continue ReadingOpenAI’s launch of SearchGPT was a warning shot in the ongoing war to challenge Google and drive out AI upstarts like Perplexity...
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Small caps jumped as the Nasdaq and Nvidia fight AI fatigue. ServiceNow broke out. The Fed's key inflation gauge is due...
Continue ReadingAlphabet's Google unveiled a pair of artificial intelligence systems on Thursday that demonstrated advances in solving complex mathematical problems, a key frontier of generative AI development. The current class of AI models, which work by statistically predicting the next word, have struggled with abstract math, which requires greater reasoning capabilities resembling human intelligence. Google said in a blog post that one question was solved within minutes, but others took up to three days, longer than the competition's time limit...
Continue ReadingOpenAI on Thursday announced its most direct threat yet to its stalwart Big Tech rivals: a search engine that uses artificial intelligence baked in from the beginning...
Continue ReadingOpenAI is testing a ChatGPT-powered search engine that could put the artificial intelligence company in direct competition with search giant Google and affect the flow of internet traffic seeking news and other timely information. San Francisco-based OpenAI said Thursday it is releasing a preview of the SearchGPT feature to get feedback from a small group of users and publishers. Google upended its search engine in May with AI-generated written summaries now frequently appearing at the top of search results...
Continue ReadingThis year, the S&P 500 has posted 19 new 52-week highs, while the Nasdaq Composite fared even better with 46 new highs. Explore more details here...
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