DIRS.INFO The most relevant business & tech news

☆ These are the 10 best rental markets in America based on affordability, job opportunities and more
▼ + stars: | 2024-07-29 | by ( Celia Fernandez | ) www.cnbc.com time to read: +4 min

1 rental market in America: Austin, TexasAustin in the Austin-Round Rock, Texas metro area ranked as the top rental market, according to Realtor.com. 10 best rental markets in AmericaAustin, Texas Oklahoma City, Okla. Birmingham, Ala. San Antonio, Texas Minneapolis, Minn. Sandy Springs, Ga. Nashville, Tenn. Kansas City, Kan. Raleigh, N.C. Norfolk, Va. Oklahoma City is the No. The Oklahoma capital had a rent-to-income ratio of 17.7%, making it the most affordable rental market among the top 10. Oklahoma City is also one of the best cities for new college graduates, according to a June Zumper report. Oklahoma City, Oklahoma Marcus Elwell | Moment | Getty Images

Persons: Realtor.com, didn't, Austin , Texas Austin, Austin, Oklahoma City , Oklahoma Marcus Elwell Organizations: Midwest . Cities, Austin, Getty, U.S, San Francisco and New, Google, Apple, America Austin , Texas Oklahoma City, Va . Oklahoma City, Oklahoma, Oklahoma City, . Census Bureau Locations: United States, Cities, Northeast, Northwest, New York City, Los Angeles, South, Midwest, Austin , Texas, Nashville , Tennessee, America, Austin, , Texas, Austin , TX, San Francisco and, San Francisco and New York City, The Texas, WalletHub, America Austin , Texas Oklahoma, Okla, Birmingham, Ala, San Antonio , Texas Minneapolis, Minn, Sandy Springs, Ga, Nashville, Tenn . Kansas City, Kan . Raleigh, N.C . Norfolk, Va . Oklahoma, U.S, Oklahoma, Oklahoma City, Oklahoma City , Oklahoma

☆ Apple says its AI models were trained on Google's custom chips
▼ + stars: | 2024-07-29 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Apple said on Monday that the artificial intelligence models underpinning Apple Intelligence, its AI system, were pretrained on processors designed by Google, a sign that Big Tech companies are looking for alternatives to Nvidia when it comes to the training of cutting-edge AI. Apple's choice of Google's homegrown Tensor Processing Unit (TPU) for training was detailed in a technical paper just published by the company. Separately, Apple released a preview version of Apple Intelligence for some devices on Monday. Apple doesn't name Google or Nvidia in its 47-page paper, but did note its Apple Foundation Model (AFM) and AFM server are trained on "Cloud TPU clusters." "This system allows us to train the AFM models efficiently and scalably, including AFM-on-device, AFM-server, and larger models," Apple said in the paper.

Persons: Apple, they've, Mark Zuckerberg, Sundar Pichai, Zuckerberg, Emily Chang Organizations: Apple Intelligence, Google, Big Tech, Nvidia, Microsoft, Meta, Oracle, Apple Foundation, Apple

☆ Big Tech is preparing to report its earnings. The results could make or break the AI rally.
▼ + stars: | 2024-07-29 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

Read previewFor a while now, AI stocks have seemingly had the ability to defy gravity. This week, tech companies central to the generative AI boom, including Amazon, Apple, Microsoft, and Meta, report earnings at a time when the market rally they've helped drive teeters on the brink of a correction. If its Big Tech peers also struggle to tell investors that AI isn't just sucking up cash, we might see the AI rally lose some steam. AI hype faces a major testThe rationale behind why AI stocks have been able to defy gravity is pretty simple. Since March, gains in the S&P 500 have been driven by chip firms like Nvidia and the so-called "Fab Five" AI Big Tech stocks, including Alphabet, Amazon, Apple, Microsoft, and Meta.

Persons: —, they've, robotaxis, Sundar Pichai, Jensen Huang, Tim Cook, Meta's Mark Zuckerberg, Satya Nadella, OpenAI, Dan Ives Organizations: Service, Apple, Microsoft, Meta, Nasdaq, Tesla, Google, Business, Big Tech, Apple Intelligence, Nvidia Locations: Silicon

☆ Artificial Intelligence Gives Weather Forecasters a New Edge
▼ + stars: | 2024-07-29 | by ( William J. Broad | ) www.nytimes.com time to read: +13 min

Artificial Intelligence Gives Weather Forecasters a New Edge The brainy machines are predicting global weather patterns with new speed and precision, doing in minutes and seconds what once took hours. GraphCast GraphCast Miss. specialist at the European Center for Medium-Range Weather Forecasts, the agency that got upstaged on its Beryl forecast. Even so, reliable weather forecasts turn out to be extraordinarily hard to achieve. As a result, weather forecasts can fail after a few days, and sometimes after a few hours.

Persons: Hurricane Beryl, GraphCast, Beryl MEXICO, Hurricane Beryl Miss ., William B, Davis, ”, Matthew Chantry, Christopher S, Amy McGovern, Dr, McGovern, “, Brandon Bell, Maria Molina, Bretherton, Sir Richard Friend, Rémi Lam, GraphCast’s, Lam, . Lam, Beryl, Hurricane Lee, DeepMind’s GraphCast, . Chantry, Chantry, Paul G, Allen, ‘, we’ve, Molina, Jamie Rhome, Rhome, Mr, There’s Organizations: A.I, Beryl MEXICO CUBA European, JAMAICA European, Beryl MEXICO CUBA JAMAICA Hurricane, National Hurricane Center, Hurricane, NOAA, European Press Agency, Google, European Center, University of Washington, University of Oklahoma, University of Maryland, Royal Academy of Engineering, Cambridge University, Getty, Nvidia, Huawei, Fudan University, Allen Institute for A.I, Microsoft Locations: Va . Ky, N.C, Okla, ., Ala . Texas, Texas, Fla, Va, Kan, Mo, Ky, Beryl MEXICO CUBA, VENEZUELA COLOMBIA, Tenn, Okla ., Beryl MEXICO CUBA JAMAICA, Caribbean, Mexico, Houston, London, DeepMind, Land , Texas, A.I, Freeport , Texas, England, Canada, Nova Scotia, China, Corpus Christi , Texas, Miami

☆ Temu and Shein's soaring popularity has Wall Street eyeing China's influence on tech earnings
▼ + stars: | 2024-07-29 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +9 min

The topic of Temu and Shein's growth will hover over tech earnings this week, as Amazon reports second-quarter results alongside Meta, eBay and Etsy. watch nowIn Amazon's report on Thursday, the company is expected to show revenue growth of about 11% to $148.6 billion, according to LSEG. That's where Temu and Shein come into play, as merchants now have new ways to get products to American consumers. Amazon has continued to highlight its delivery prowess and its focus on speed in the face of growing competition from Temu and Shein. However, while it's long touted itself as the "lowest-priced U.S. retailer," Amazon has shown that it's well aware of Temu and Shein's increasing popularity.

Persons: Stefani Reynolds, David Zapolsky, Zapolsky, it's, Shein, Andy Jassy, Jassy, It's, Angus Mordant, Temu, Meta, Susan Li, Jamie Iannone, Etsy, Amazon, Amazon's Zapolsky Organizations: Apple, CNBC, Afp, Getty, eBay, Meta, Etsy, Tech, YouTube, Microsoft, Intel, Qualcomm, Google, PDD Holdings, Amazon, European Union, Bloomberg, Barclays, Finance, EBay, Bank of America, Walmart Locations: U.S, China, Temu, New York, Asia, Pacific, San Francisco, Singapore

☆ Here's how to trade the S&P 500 after the volatility, according to the pros
▼ + stars: | 2024-07-29 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

How can the S & P 500 be traded? Those losses continued on Thursday , with the S & P 500 closing at 5,399.22 and the Nasdaq finishing at 17,181.72. The S & P 500 lost 0.83% for the week, and the Nasdaq declined around 2% in the same period. "Then that's where maybe I'm looking to try and find some bargains here for people to sort of buy back into this market," Stutland said. Large over smalls, large over mids and U.S. over international within the large cap space," he told CNBC's " Squawk Box Asia " on Friday.

Persons: we've, Richard Clode, Janus Henderson, Paul Christopher, Christopher, Brian Stutland, CNBC's, Stutland, He's, smalls, We're Organizations: Nasdaq, Trump, Wells, Wells Fargo Investment Institute, Equity Armor Investments Locations: China, Wells Fargo, Friday's, —

☆ Insider Today: The world's meanest app
▼ + stars: | 2024-07-28 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Buying a home is an absolute disaster, but this 19-year-old real-estate agent has a unique way of showing you homes quickly. On the agenda today:This story is available exclusively to Business Insider subscribers. Getty Images; Jenny Chang-Rodriguez/BIShow me the profitsAs businesses continue to figure out ways to leverage generative AI, investors are starting to wonder: How can this help the bottom line? The world's meanest app.

Persons: —, it's, Matt Turner, Stocks, Jenny Chang, Rodriguez, Elon Musk's, Alyssa Powell, They're, Altman's, Alvaro Dominguez, — Mark Moran Organizations: Service, Business, Getty, Apple, Microsoft, Meta, Nvidia, Lazard

☆ Ukraine may have just scored its longest-range drone strike yet in Russian territory — a Tu-22M3 supersonic bomber around 1,100 miles away
▼ + stars: | 2024-07-28 | by ( Cameron Manley | ) www.businessinsider.com time to read: +4 min

Read previewUkraine said it hit a Tu-22M3 supersonic bomber a record-breaking 1,100 miles from its borders, Ukrainska Pravda reported on Saturday, citing sources in the Defence Intelligence of Ukraine. This story is available exclusively to Business Insider subscribers. AdvertisementSatellite imagery of Olenya airfield, reviewed by Business Insider, shows a large number of bombers at the site. Google EarthUkraine's Ministry of Defense did not immediately respond to a request for comment from Business Insider. Related storiesBut the attack on Olenya, if confirmed, would suggest Russian aircraft are vulnerable even deep inside Russian territory.

Persons: —, Ukrainska Pravda, David Axe, Mick Ryan, Kyrylo Budanov, Ukraine.As, WarTranslated, Dmitri Organizations: Service, Ukrainska, Defence Intelligence, Business, Google, Ukraine's Ministry of Defense, Bloomberg, Russian Defense Ministry Press Service, AP, Ukraine, BBC, Main Directorate of Intelligence, Federal Security Service, Reuters Locations: Ukraine, Murmansk, Russia, Russian, Salavat, Russia's, Bashkortostan, Australian, BBC Ukraine

For Love & Money is a weekly Business Insider column answering relationship and money questions. Write to For Love & Money using this Google form. AdvertisementDear For Love & Money,My mother-in-law has been living with us for the last year. Remember, even if your mother-in-law leaves your house, she will still be in your lives, hip-checking you out of every photo opportunity. Write to For Love & Money using this Google form .

Persons: it's, —, She's, I've, there's, she'll, doesn't Organizations: Service, futon, Social Security, Medicare Locations: I've

☆ The 'great rotation' faces its biggest test yet: earnings from Microsoft, Meta, Apple and Amazon
▼ + stars: | 2024-07-28 | by ( Jim Cramer | ) www.cnbc.com time to read: +15 min

That will be the case in this jam-packed week , with the earnings from Microsoft on Tuesday, Meta Platforms on Wednesday, and Apple and Amazon on Thursday. If Alphabet said it cut back on data-center spending, then it would be alleged the company is falling behind Amazon and Microsoft in the AI race. The company also is now dogged by another competitor in search engines after ChatGPT creator OpenAI announced a prototype of SearchGPT . Apple reports on Thursday, and if you think the cloud-computing heavyweights are spending on too much AI, then you should be buying Apple. President Joe Biden always chose to have his agencies wear down tech companies.

Persons: Don Forst, There's, hadn't, OpenAI, Tesla, Elon Musk, —, Russell, Mark Zuckerberg, Nvidia's Jensen Huang, It's, Zuckerberg, EssilorLuxottica —, EssilorLuxottica, Andy Jassy, Stanley Black, Decker, it's, Kamala Harris, Tony West, Joe Biden, Harris, Biden, Biden couldn't, Gina Raimondo, Raimondo, Donald Trump, Sen, JD Vance, Vance, Trump, Xi Jinping's, Abbott, Jim Cramer's, ABT, Jim Cramer, Jim, Sebastien Bozon Organizations: Los Angeles Herald Examiner, Microsoft, Apple, Google, YouTube, Amazon, Nvidia, Siggraph, Federal Reserve, Mohawk Industries, Fortune Brands, Club, Democratic, Uber Technologies, titans, Department of Justice, Federal Trade Commission, Department of Commerce, Republican, Big Tech, Republican Party, Trump, Abbott Laboratories, Drug Administration, CNBC, AFP, Getty Locations: Los Angeles, Denver, Ray, California, U.S, Ohio, Taiwan, St, Louis , Missouri

☆ AI won't replace human workers, but 'people that use it will replace people that don't,' AI expert Andrew Ng says
▼ + stars: | 2024-07-28 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +1 min

AI experts debate the tech's impact on jobs, with some seeing growth and others concerned. Andrew Ng, Google Brain founder, believes AI will transform but not replace jobs. Ng argues Big Tech inflates AI threats to stifle competition and push for legislation. AdvertisementAI experts tend to agree that rapid advances in the technology will impact jobs. Andrew Ng, the founder of Google Brain and a professor at Stanford University, is in the latter camp.

Persons: Andrew Ng, Ng, — Organizations: Google, Big Tech, Service, Stanford University, Business

☆ Earnings playbook: Your guide to the busiest week of the season, including Microsoft and Apple
▼ + stars: | 2024-07-28 | by ( Fred Imbert | ) www.cnbc.com time to read: +4 min

Of those names, 78% have beaten earnings expectations. Tuesday Advanced Micro Devices is set to report earnings after the bell. Thursday Apple is set to report earnings following the market close. This quarter: Expectations are muted around the tech giant, with analysts forecasting just 6% year-over-year earnings growth, according to LSEG data. This quarter: Analysts polled by LSEG see earnings growth of more than 55% for Amazon.

Persons: Ruben Roy, Jefferies, AAPL, Baird, Will Power, AMZN, LSEG, Brian Pitz, 120bps Organizations: Microsoft, Devices, Apple, Google, CNBC, AMD, LSEG, GPU, ISI, Apple Intelligence, Amazon, BMO

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow the massive power draw of generative AI is overtaxing our gridData centers are being built at a rapid pace to meet the power needs of generative AI, and concerns are mounting about whether we can generate enough energy to fuel the growth. One ChatGPT query takes about 10 times as much energy as a typical Google search and training a large language model can produce as much CO2 as the entire lifetime of five gas-powered cars. Now data centers are building closer to available power, as the invests in alternate energy sources and tries to hard the grid.

☆ Why you should avoid use of one-time passwords sent by text
▼ + stars: | 2024-07-27 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +7 min

One of the most convenient methods for mobile phone users to log into apps — and one many companies rely on to grant access — is the one-time password, or OTP, often shared by text. Consumers are being urged to be mindful of the different types of one-time passwords, and the relative security risks versus benefits that each offers. Authenticator apps can still be vulnerable to some types of attacks like "adversary in the middle" but they're still safer than SMS, Allan said. Consider mobile app push for better protectionAn even more secure option for authentication works in tandem with mobile apps on a user's phone. Opt for hardware security key when possibleAn even better option is to use a hardware security key like Yubico.

Persons: Ant Allan, Allan, Tracy C, Kitten, it's, Cedric Thevenet, Thevenet, It's, FIDO, Dusty Anderson, OTPs Organizations: Gartner Research, Strategy, Research, Google, Microsoft, Capgemini, FIDO Alliance, SMS

Since Harris kicked off her presidential campaign, there’s been a string of good news for the US economy. Harris will have Biden’s mostly strong economy to run on. By June 2021, Biden’s sixth month in office, the nation’s inflation rate jumped to more than 5%. After the Federal Reserve hiked interest rate hikes to a 23-year high to stamp out inflation, the economy — eventually — started to run at a slower pace. The Biden administration canceled $168 billion in student loan debt for 4.8 million Americans.

Persons: Joe Biden, Biden, Kamala Harris, Harris, there’s, Biden’s, —, hasn’t, Evan Vucci, Eros Hoagland, Getty, Lina Khan, Jonathan Kanter, Stocks Organizations: CNN, White House, House, Federal, Trump, Biden, Federal Reserve, Gross, Commerce Department, of Labor Statistics, Infrastructure Investment, Jobs, AFL, National Labor Relations Board, United Auto Workers, Union, AP Relief, American, ARPA, Medicare, University of North, Hill, Apple, Google, Federal Trade Commission, Department, FTC, Activision, Big Tech, Justice Department, Fed Locations: Ukraine, Van Buren Township , Michigan, University of North Carolina, America, Valley, Silicon Valley

☆ Warner Bros. Discovery is counting on deregulation to unlock media deals — if there's even appetite
▼ + stars: | 2024-07-26 | by ( Alex Sherman | ) www.cnbc.com time to read: +10 min

If you ask Zaslav, though, the reason Roberts and other potential buyers of media assets aren't interested is because the government has scared them away. Or, perhaps, legacy media companies are simply undesirable assets to own. He extended the life of his previous company, Discovery Communications — and probably his own tenure running a media company — by merging it with AT&T's WarnerMedia in 2022. Without a deal, Discovery would have wallowed as a subscale content provider and owner of declining cable networks. Discovery with another legacy media company, such as Paramount Global , Fox or Disney , or NBCUniversal, if it were spun off from Comcast.

Persons: David Zaslav, David Grogan, Brian Roberts, " Roberts, Comcast's, Roberts, Zaslav, Shari Redstone, Rob Kindler, Paul, Weiss, they've, Kindler, haven't, Morgan Stanley's, Donald Trump's, There's, Joe Biden's, Simon, Simon & Schuster, JD Vance, Lina Khan's, Lina Khan, Biden, Vance, Kamala Harris Organizations: Allen & Company Sun Valley Conference, CNBC Comcast, Warner Bros, Discovery, Allen & Co, Sun, Paramount, Skydance Media, CNBC Redstone, Starz, AMC Networks, Vice Media, Discovery Communications, NBA, Apple, Paramount Global, Fox, Disney, Comcast, CNBC, Google, Scripps Networks Interactive, Time Warner, Scripps, Viacom, CBS, Sky, AMC, IFC, Sundance, Lionsgate, Media, Republican, Democratic, Donald Trump's Department of Justice, Simon &, Random, MGM, Federal Trade, & $ Locations: Sun Valley , Idaho, RemedyFest

☆ Rohan Bopanna’s path to the Olympics, via a Grand Slam and doubles world No 1
▼ + stars: | 2024-07-26 | by ( Matthew Futterman | ) www.nytimes.com time to read: +15 min

He needed to practice Iyengar yoga: a style that focuses on alignment. There, he came to know the father of Mahesh Bhupathi, one of India’s most successful players and a Grand Slam doubles champion. Polamarasetty told Bopanna that his knee wasn’t his problem. The kismet of Iyengar might have saved his knees, but none of the rest — the first Grand Slam title, the being doubles world No. Bopanna’s partner, Matwe Middelkoop, wanted to play with another Dutchman to better prepare for the Olympics and Davis Cup.

Persons: Rohan Bopanna’s, He’d, Matthew Ebden, Bopanna, Sriram Balaji, Fabien Reboul, Edouard Roger, Vasselin, Elsa, Getty, ” Bopanna, Rohan Bopanna, Bill Gates, Paul Allen, didn’t, Mohan Polamarasetty, Jaya, Polamarasetty, Iyengar, Mohan, “, ”, Bopanna’s, Clive Brunskill, Mahesh Bhupathi, Bhupathi, Boppanna, Haq Qureshi, Qureshi, Matthew Stockman, Prince Albert in, “ It’s, ” Polmarasetty, Max Purcell, Matwe Middelkoop, Ebden, Scott Davidoff, Supriya, Tridha, ” Davidoff, William West, Daniel Goldfarb, Shi Tang, Daniel Pockett Getty Organizations: All England Club, Olympics, Microsoft, University of Washington, Iyengar, Google, Jaya, Aisam, Getty, Pak Express, U.S ., Peace, Davis, Getty Images Locations: India, Coorg, Bangalore —, Bangalore, Pune, Chennai, Pakistan, South Asia, Prince Albert in Monaco, Australia, AFP

☆ Apple and Microsoft are among the 'Magnificent Seven' stocks set to report next week. Here's what that means
▼ + stars: | 2024-07-26 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

On Friday, the tech-heavy S & P 500 and Nasdaq Composite ended the week with losses, down 0.8% and 2.1%, respectively. However, the bulk of Magnificent Seven results is set for release in the week ahead. As it is, all seven of the Magnificent Seven companies closed out the week with losses. FOMC meeting, July jobs report Elsewhere, investors will also be reviewing the latest Federal Reserve interest rate decision set for release on Wednesday. Traders will also get insight into the labor market next week, with the release of the July jobs report on Friday.

Persons: Russell, Ryan Grabinski, John Belton, Tesla, Belton, FactSet, Stanley Black, Decker, Lam, Kraft Heinz, Ingersoll Rand Organizations: Nasdaq, Dow Jones Industrial, Microsoft, Facebook, Apple, Nvidia, 2H, 3Q, Gabelli, Traders, Dallas Fed, Semiconductor, Nation Entertainment, Electronic Arts, Starbucks, Match Group, Caesars Entertainment, Corning, Howmet Aerospace, Procter, Gamble, Pfizer, Merck, Co, PayPal, ADP, Civilian Workers, Chicago PMI, MGM Resorts International, Allstate, Lam Research, eBay, Qualcomm, Western, Cruise Line Holdings, Hess, Boeing, Mobile, Marriott International, GE Healthcare Technologies, Generac Holdings, Mastercard, Labor, PMI, Manufacturing, Intel, Holdings, Motorola Solutions, Technology, Air Products, Chemicals, Jobs, Exxon Mobil, Chevron Locations: Chicago, Albemarle, Kellanova, Hershey, Moderna

☆ Growth stocks are plenty. Veteran growth investor shares how he picks ones that can double their earnings
▼ + stars: | 2024-07-26 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

Some growth stocks, such as major tech companies, had a mostly good run since the start of 2023, but their performance has been unequal. How does he identify the winners among the huge universe of growth stocks out there? Griffin, who manages the Munro Concentrated Global Growth Fund and the Munro Global Growth Small and Mid Cap Fund, says he focuses on structural earnings growth. There are six qualities that make a "great" growth company which can double their earnings, according to Griffin and Moore. These are the top 10 holdings of the Munro Global Growth fund.

Persons: Nick Griffin, Munro, we'd, Griffin, Kieran Moore, Moore, TSMC Organizations: Munro Partners, CNBC, Fund, Stock

☆ They moved to the US from India. The transition was hard but they've grown to love the work-life balance.
▼ + stars: | 2024-07-26 | by ( Ana Altchek | ) www.businessinsider.com time to read: +4 min

"I had no reason to move here because my whole family, everyone was back in India," Bajaj said. She said interviews in India focus on past experience, while in the US, you are expected to sell yourself and talk about what you can bring to the table. In India, she said work place was very much a "community" where her coworkers were her best friends. Bajaj and Shah said they both had to learn the boundaries of professionalism in the US. Advertisement"You can do 18 hours of work in India because all you are doing is working," Bajaj said.

Persons: —, Priya Bajaj, Bajaj, Bajaj's, Darshan Shah, Shah, it's, hadn't Organizations: Service, Google, Sony Pictures, Business, Bajaj Locations: India, Mumbai, America

☆ You won't find any ping-pong tables at Google's newly opened NYC office
▼ + stars: | 2024-07-26 | by ( Jaures Yip | ) www.businessinsider.com time to read: +1 min

Google's new NYC office does not have the iconic ping-pong tables found in Silicon Valley, according to a new tour video. The 1.2 million square foot office, opened in February, sits atop a 1930s rail terminal. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementIf you're planning to visit Google's newly opened New York office, don't bother packing your paddles. Unlike its Silicon Valley location, the company's latest office doesn't have any of its classic ping-pong tables.

Persons: — Organizations: Global Business Organization, Service, Business Locations: Silicon Valley, New York

☆ These stocks have strong earnings momentum heading into next week
▼ + stars: | 2024-07-26 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

CNBC Pro screened FactSet for companies in the broad-market index that are reporting quarterly results next week and could see potential upside. He also raised his target price by $10 to $230, implying shares could gain nearly 28% from Thursday's close. The analyst consensus price target on FactSet suggests shares could rise 11% over the next year, adding to the stock's 9% gain so far this year. Power management company Eaton , now regarded as an artificial intelligence-tied data center play , is also on the earnings docket next week. Other favored stocks that could see a post-earnings bump next week include Mastercard , MGM Resorts International and S & P Global .

Persons: Brian J, Pitz, Michael Rollins, Eaton, FactSet Organizations: Nasdaq, CNBC, BMO Capital, Google, Telecommunications, Mobile, Wednesday, Citi, Power, Mastercard, MGM Resorts International, P Global Locations: Thursday's

☆ Samsung hints at new products as it bets on AI to drive upgrades to its latest foldable phones
▼ + stars: | 2024-07-26 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +6 min

Samsung unveiled a slew of new products including foldable smartphones, new smartwatches and the Galaxy Ring. "I believe strongly that these Galaxy AI, mobile AI are strong motivation and driver for purchase of new products," he added. Still, many analysts don't expect these early AI apps alone to drive new phones sales. So we're going to provide and enhance Samsung software and apps for consumers," Roh said. He said that the hardware components required for foldable smartphones are improving, as is the relevant software.

Persons: Roh, Arjun Kharpal, Bixby, we'll Organizations: Galaxy, Samsung, CNBC, Samsung Electronics, Galaxy AI, Apple Intelligence, Apple, Google, Korean Locations: Paris, France, U.S, China

☆ Crypto firm Ledger hikes prices of iPod-inspired wallet by 40% and launches new mid-tier option
▼ + stars: | 2024-07-26 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

The Ledger Flex is a new, cheaper hardware crypto wallet from French startup Ledger. Ledger finally released Stax, its long-anticipated hardware crypto wallet, and is shipping units out to people who preordered the product in May. In addition to raising the price for Stax, Ledger is also releasing a new crypto hardware wallet. The Ledger Flex features an E Ink screen, similar to the Ledger Stax. The Ledger Flex, which costs $249, is smaller than the Ledger Stax and comes with a 2.8-inch display.

Persons: Stax, Ledger, Tony Fadell, Ledger Stax, Pascal Gauthier, Ledger's Stax, Ledger's Gauthier, Foxconn Organizations: Stax, Ledger, Flex, Google, CNBC, Apple Locations: Ledger, solana, London, Vietnam

☆ How the AI revolution could cost you your job without replacing you
▼ + stars: | 2024-07-26 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

But as tech firms plan to invest billions of dollars in generative AI technologies, there's been another explanation for job cuts. While there's been a mountain of speculation about if and when AI technologies like ChatGPT could displace workers, their near-term impact on job losses could be less about job replacement and more about the cost of AI investments. The risks of AI job replacement remains to be seenIn the big picture, Netzer said he expects AI technologies to be an "enhancer rather than a replacer of jobs" in the years ahead. Advertisement"For many jobs, AI is likely to enhance our job, allowing us to spend more time on the things we enjoy doing and less time on the mundane," he said. AdvertisementBenedikt Frey pointed to translators as one profession that has seen fewer employment opportunities due to generative AI, per his research.

Persons: —, there's, Goldman Sachs, Mark Zuckerberg, Meta, Sundar Pichai, Daniel Rausch, Dan Ives, It's, Carl Benedikt Frey, Netzer, Benedikt Frey Organizations: Service, Apple, Microsoft, Industry, Business, Google, Amazon, Alexa, Fire, Wedbush Securities, Big Tech, FT, Columbia Business School, University of Oxford

Search resuls for: "GOOGLE"

25 mentions found