A number of stocks jumped in the afternoon session after comments from a key Federal Reserve official bolstered hopes for an interest rate cut. The positive sentiment followed comments from New York Federal Reserve President John Williams, a voting member of the rate-setting Federal Open Market Committee (FOMC), who indicated he sees room for further…
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Elon Musk is ramping up hiring for Macrohard, his newly announced AI software venture, through which he plans to create simulations of software companies like Microsoft Corporation (NASDAQ: MSFT). Musk Pitches Macrohard As AI-Only Software Company Musk unveiled…
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. When it comes to memes, Tesla Inc (NASDAQ:TSLA) CEO Elon Musk is a fan. But when it comes to calling his electric vehicle company a “meme stock,” he’s not amused. One investing expert, however, argues that Tesla deserves…
Shares of data analytics company Palantir Technologies (NASDAQ:PLTR) jumped 3.5% in the afternoon session after prominent market commentator Jim Cramer reiterated his bullish stance and a $200 price target on the stock. Cramer highlighted that the defense-oriented artificial intelligence software company has seen its stock rally on the back of “a series of very strong…
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Chipmaker NVIDIA Corp.’s (NASDAQ:NVDA) CEO, Jensen Huang, announced an optimistic vision for the future of artificial intelligence during the company’s second-quarter earnings call on Wednesday. During the call, Huang framed AI as “a new industrial revolution,” highlighting its…
Elon Musk has announced plans to simulate software companies such as Microsoft Corporation (NASDAQ:MSFT) using artificial intelligence (AI). What Happened: Musk’s AI firm, xAI, is said to be creating an AI-only software company named “Macrohard.” Musk characterized the project as “very real”, implying that software companies like Microsoft, which do not produce physical hardware, could theoretically be entirely simulated using…
Elon Musk announced he wants to “simulate” software companies like Microsoft using only artificial intelligence. He’s even got a name for the new venture: Macrohard. Musk said in a Friday X post that his AI startup, xAI, is building a “purely AI software company called Macrohard.” “It’s a tongue-in-cheek name, but the project is very…
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Microsoft Corp. (NASDAQ:MSFT) employees leak compensation details through an anonymous spreadsheet as the company battles Meta Platforms Inc. (NASDAQ:META) for artificial intelligence talent with multi-million dollar offers. More than 850 Microsoft employees have voluntarily shared salary, bonus and…
Shares of data-mining and analytics company Palantir (NYSE:PLTR) fell 3.1% in the morning session after the high-flying stock appeared to take a breather following a massive run-up in its share price. The data-analytics software company has been a top performer, with the stock more than doubling so far this year on the back of accelerating…
Meta (META) CEO Mark Zuckerberg is no longer the second-richest person in the world. That title now belongs to Oracle (ORCL) founder Larry Ellison. According to the Bloomberg Billionaire Index, gains of over $60 billion this year brought Ellison’s net worth up to $257 billion, surpassing Zuckerberg’s $247 billion, as of July 17. The switch…