Tag: SOFW1
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Wall St Week Ahead: Declining Bond Yields Bolster Equities Allure Ahead of Fed Meeting
NEW YORK, March 17 (Reuters) – US equities have gained an unexpected ally in recent days: a historic fall in bond yields. U.S. Treasury yields fell sharply this week, with some maturities marking the biggest declines in decades, as investors bet the Federal Reserve is likely to curb its aggressive rate hike to prevent the […]
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China’s answer to ChatGPT? Baidu shares tumble as Ernie Bot disappoints
Ernie’s launch comes as Google, Microsoft step up AI game Baidu shares tumble as CEO gives short video presentations Analysts say scripted event, pre-recorded videos disappointed Ernie can do math, write poems, generate images and video BEIJING/HONG KONG, March 16 (Reuters) – China’s Baidu on Thursday unveiled its long-awaited AI-powered chatbot known as Ernie Bot, […]
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SVB is the largest bank failure since the 2008 financial crisis
California regulator closes SVB, appoints FDIC as trustee SVB focused on lending to start-ups; branches open again on Monday FDIC to Sell Bank Assets; ‘chaos’ reported amid shooting Bank stocks fall in US, Europe, but well from lows Crisis exposes banks’ ‘vulnerabilities’ amid rising interest rates March 10 (Reuters) – Startup-focused lender SVB Financial Group […]
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Microsoft integrates AI behind ChatGPT for more developer tools
March 6 (Reuters) – Microsoft Corp. (MSFT.O) on Monday bundled the technology behind ChatGPT with its Power Platform that allows users to develop applications with little or no coding, the latest integration of artificial intelligence into its products. Major tech companies, from Alphabet Inc (GOOGL.O) to Baidu Inc (9888.HK), are accelerating the integration of generative […]
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SoftBank’s Arm aims to raise at least $8 billion in US IPO, sources say
NEW YORK, March 5 (Reuters) – Arm Ltd, the British chip designer owned by Japan’s SoftBank Group Corp (9984.T), is likely to look to raise at least $8 billion from what is expected to be a blockbuster in the US stock market be this year, people familiar with the case said Sunday. Arm is expected […]
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AI stocks soar as investors bet on growth prospects
March 3 (Reuters) – Shares of artificial intelligence-based (AI) product makers zoomed in on Friday as a strong forecast from retail darling C3.ai Inc (AI.N) reinforced a continued euphoria in the segment driven by the launch of OpenAI’s ChatGPT . C3.a1 forecast better-than-expected revenue and earnings for both the fourth quarter and fiscal year 2023 […]
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Musk: ‘AI causes me stress’
DETROIT, March 1 (Reuters) – Elon Musk has often clashed with securities regulators and road safety authorities, but there is one area the government should regulate now, according to the Tesla and Twitter chief: artificial intelligence. “AI is stressing me out,” Musk said toward the end of a more than three-hour presentation to Tesla investors […]
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Nokia changes iconic logo to indicate strategy shift
BARCELONA, Feb. 26 (Reuters) – Nokia (NOKIA.HE) on Sunday announced plans to change its brand identity for the first time in nearly 60 years, complete with a new logo, as the telecom equipment maker targets aggressive growth. The new logo consists of five different shapes that together form the word NOKIA. The iconic blue color […]
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Microsoft unveils package of cloud tools for telecom companies
BARCELONA, Feb. 26 (Reuters) – Microsoft has unveiled previews of two AI-powered services designed to manage telecom networks, leveraging the same capabilities used to manage the tech giant’s Azure cloud platform. Operators can take advantage of advanced artificial intelligence that helps unlock new business opportunities based on data and insights into their operations – including […]
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Meta heats up Big Tech’s AI arms race with a new language model
Feb 24 (Reuters) – Meta Platforms Inc (META.O) said on Friday it is releasing for researchers a new large language model, the core software of a new artificial intelligence system, sparking an AI arms race as Big Tech companies scramble to integrate the technology into their products and impress investors. The public battle to dominate […]