French President Emmanuel Macron said on Tuesday that Europe does not want to be a “vassal” that is dependent on US and Chinese tech companies, calling for a “European preference” in the sector. “Europe doesn’t want to be the client of the big entrepreneurs or the big solutions being provided either from the US or…
Elon Musk has once again put Microsoft co-founder Bill Gates in the spotlight for his long-running short position against Musk-led electric vehicle company, Tesla. The Tesla chief has reignited the years-old dispute with a fresh remark on social media, suggesting that Gates should settle the bet if he has not already done so. On Saturday,…
The most talked about and market moving research calls around Wall Street are now in one place. Here are today’s research calls that investors need to know, as compiled by The Fly. Top 5 Upgrades: Baird upgraded Circle Internet (CRCL) to Outperform from Neutral with an unchanged price target of $110. Baird views Circle’s current…
(Reuters) -Amazon is joining Microsoft in backing legislation to further curb chipmaker Nvidia‘s ability to export chips to China, the Wall Street Journal reported on Thursday, citing people familiar with the matter. The legislation, known as the GAIN AI Act, is also backed by AI startup Anthropic, the report said. Short for Guaranteeing Access and…
Video-game players are returning to an old technology to get their dopamine fix: websites. While much of the US$189 billion video-game industry is stagnant or shrinking, the appetite for web-based games like GeoGuessr and chess is soaring. Sales for such titles – advertising and the sums players spend on in-game items – were expected to…
Tesla CEO Elon Musk has reacted sharply to Sam Altman’s remarks about office productivity tools like Slack, saying that the ChatGPT-maker OpenAI will “compete directly with Microsoft”. Sam Altman, founder and CEO of OpenAI recently said that while there are many positives about Slack, it also creates a “lot of fake work”. In a now…
Conservative commentator Scott Jennings recently joked on X that “President Trump should hire Nancy Pelosi in retirement to manage Americans’ stock market portfolios. She beat the S&P 500 by 559%. We could all be retired in 6 months!” (1) The sarcasm aside, the numbers Pelosi leaves behind heading into retirement tell a startling truth. Over…
Editor’s Note: The following is a slightly abridged version of Noahpinion’s “At least five interesting things: Smart Ideas edition (#71)”, published on November 8. 1. Are we wrong on antitrust? In the 2000s and 2010s, America generally saw slow growth, low levels of business investment, and low business dynamism. We also saw increasing levels of…
Big Tech earnings have come and gone. Well, save for Nvidia (NVDA), which reports on Nov. 19. That aside, one key trend emerging from this quarter’s reports is that Wall Street largely likes what it’s seeing when it comes to AI, despite increased spending among hyperscalers. Microsoft (MSFT), Google (GOOG, GOOGL), and Amazon (AMZN) each…
WASHINGTON, DC – U.S. President Donald Trump speaks at a House Republicans Conference. Getty Images Bill Gates is worth $115 billion, made by founding and building Microsoft, one of the most successful companies in the world (net worth almost $4 trillion). He has been for many years a strong advocate for climate change. But Gates…