Palantir Technologies Inc. (NASDAQ:PLTR) is one of the best tech stocks to buy for the long term. On September 4, analysts at William Blair reiterated a ‘Market Perform’ rating on the stock. The positive stance comes as the research firm remains confident about underlying growth. William Blair Rates Palantir Technologies Inc. (PLTR) as ‘Market Perform’…
Bullish sentiment towards stocks is rampant in the US, as one Wall Street strategist after another raises their target for an S&P 500 Index that is repeatedly setting records. Yet as optimism about further gains has solidified into something resembling a consensus, even the most bullish are clear-eyed about a growing list of issues that…
The UK and the US are preparing to sign a major technology deal in the coming days, as part of President Donald Trump’s visit to the UK. This agreement aims to strengthen cooperation between the two countries’ trillion-dollar technology sectors, increasing opportunities for businesses and consumers on both sides of the Atlantic. While they are…
Elon Musk’s artificial intelligence company, xAI, has laid off around 500 employees from its data annotation team, according to a report by Business Insider. The move, communicated late on Friday evening, affects workers who were responsible for training the company’s generative AI chatbot, Grok. xAI lays off 500 data annotation staff As per the report,…
Artificial intelligence has propelled the stock market to all-time highs, but Goldman Sachs (NYSE:GS) recently warned that once AI spending slows down, the stock market can tank by 20%. A research note from Goldman Sachs Analyst Ryan Hammond cited the danger of hyperscalers inevitably cutting back on AI expenditures, according to Fortune. “A reversion of…
False claims, conspiracy theories and posts naming people with no connection to the incident spread rapidly across social media in the aftermath of conservative activist Charlie Kirk’s killing on Wednesday, some amplified and fueled by AI tools. CBS News identified 10 posts by Grok, X’s AI chatbot, that misidentified the suspect before his identity, now…
SHANGHAI/HONG KONG, Sept 12 – Investors are expected to remain hungry for China’s Cambricon shares , with a looming reshuffle in a key tech index that could lead to over $1 billion worth of passive selling unlikely to shake their confidence in the AI bellwether. Shares of Cambricon, an AI chip designer and dubbed China’s…
OpenAI and Nvidia, leading names in the tech industry, plan to announce substantial investments in UK data centers next week. This initiative, reported by Bloomberg News, coincides with a visit by U.S. President Donald Trump. The companies will collaborate with London-based Nscale Global Holdings, a notable player in the data center business, although Nvidia…
The Federal Trade Commission has started an inquiry into several social media and artificial intelligence companies, including OpenAI and Meta, about the potential harms to children and teenagers who use their chatbots as companions. On Thursday, the FTC said it has sent letters to Google parent Alphabet, Facebook and Instagram parent Meta Platforms, Snap, Character…
Good morning. It’s Jeremy here, filling in for Andrew, who is now on paternity leave for a bit. So you’ll see a rotating cast of Fortune tech journalists writing this newsletter for a few weeks. Fortune Brainstorm Tech wrapped yesterday. Here were a few highlights from the final day of the conference: Tom Hale, the…