Baidu Surges After Confirming Plan to Launch AI Chatbot in March
By Yifan Wang and Bingyan Wang Shares of Baidu Inc. surged in Hong Kong on Tuesday as investors welcomed the Chinese internet giant’s plan to launch an artificial-intelligence chatbot next month amid an intensifying AI race in the technology industry. The stock gained as much as 16% to 162.90 Hong Kong dollars (US$20.76), putting it […]
‘ChatGPT is today’s hand calculator,’ this CEO says
Will you be able to build the next blockbuster videogame at home using ChatGPT? Not so fast, says Take-Two Interactive Software Inc. TTWO, -3.40% Chief Executive Strauss Zelnick. But that doesn’t mean the technology lacks promise. Read: Take-Two stock slips as company plans cost cuts, outlook falls below Street view Zelnick said on his company’s […]
Koch brothers–founded group is pushing Republicans to turn the page on Donald Trump
The late David Koch, who died in 2019, is shown during a speech by then–Fed Chairman Ben Bernanke at the Economic Club of New York seven years earlier. Bloomberg WASHINGTON — A group funded by billionaire Charles Koch will work to support a Republican presidential nominee other than Donald Trump, concluding in a strategy memo that “we need […]
Gold prices finish higher after falling to a 3-week low
Gold prices finished a bit higher on Monday after tumbling to their lowest level in three weeks following Friday’s surprisingly strong jobs report, which helped send Treasury yields and the dollar higher to the detriment of the yellow metal. Price action Gold for April delivery GC00, +0.19% GCJ23, +0.19% rose $2.90, or nearly 0.2%, to […]
Flying-motorcycle maker loses altitude in stock debut
Aerwins Technology Inc.’s stock lost about 56% of its value on Monday after the blank-check company Pono Capital completed its acquisition of the maker of battery-powered flying motorcycles. Aerwins was valued at $600 million when Pono Capital announced plans to buy the company in September. The stock fell to $5 a share on Monday after […]
Gabbard, Kucinich aim to disrupt two-party voting system at Independent confab
Two former Democratic presidential candidates, Tulsi Gabbard of the 2020 race — and former longtime Ohio politician Dennis Kucinich, a 2004 and 2008 early contender for the White House — will headline the second-ever Independent National Convention (INC) this spring in Austin, Texas. It’s an event intentionally set during a non-election year because organizers argue […]
Gold prices rebound after hitting 3-week low
Gold prices rebounded on Monday after tumbling to their lowest level in three weeks following Friday’s surprisingly strong jobs report, which helped send Treasury yields and the dollar higher to the detriment of the yellow metal. Price action Gold for April delivery GC00, +0.47% GCJ23, +0.47% rose $9.50, or 0.5%, to settle at $1,885 an […]
The next few days may reveal whether investors have been riding one big suckers rally, says this strategist.
Stock futures are pointing due south as caution grips investors following Friday’s monster jobs beat. While subject to revisions, that 517,000 surge in U.S. jobs may have shredded hopes among some that the Fed will be done with rate hikes sooner rather than later. “Half a million jobs, climb down off the wall, call the recession […]
Dell to cut 6,650 jobs, report says
Dell Technologies will join the ranks of technology companies slashing jobs as the computer maker will shed 6,650 positions, according to a published report on Monday. Citing a company spokesman after seeing a memo, Bloomberg reported the job cuts. Jeff Clarke, co-chief operating officer, told employees that the current conditions will “continue to erode with […]
‘The Last of Us’ in real life? Rising temperatures may spread fungal infections
One of the most suspenseful scenes in the HBO series “The Last of Us” comes in its pilot episode, when a scientist predicts that the end of the world won’t come from a viral pandemic, but rather, a fungal one. Smash cut to several decades later — on the show, that is — and a […]