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☆ Flutter Entertainment unveils $5 billion share buyback, shares surge
▼ + stars: | 2024-09-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFlutter Entertainment unveils $5 billion share buyback, shares surgeFlutter CEO Peter Jackson joins 'Squawk on the Street' to discuss the company's raised guidance, how it is using AI, trends in sports gambling, and much more.

Persons: Peter Jackson

Although he increased his price target to $150 from $130, the new price target is just around $2 higher from Tuesday's close price. — Fred Imbert 6:46 a.m.: Citi raises Roblox price target Citi is bullish on Roblox's long-term prospects in spite of some near-term rockiness. — Hakyung Kim 5:42 a.m.: Piper Sandler raises price target on Tesla Piper Sandler thinks Tesla may sell more vehicles than the firm previously expected. With this in mind, he raised his price target on Tesla shares to $310 from $300, signaling about 22% upside from Wednesday's close. TSLA YTD mountain TSLA year to date — Hakyung Kim 5:42 a.m.: Barclays upgrades Hewlett Packard Enterprise Rising demand for artificial intelligence servers will boost Hewlett Packard Enterprise shares, according to Barclays.

Persons: Piper Sandler, TD Cowen downgrades Expedia TD Cowen, Kevin Kopelman, Kopelman, EXPE, — Hakyung Kim, Morgan Stanley, Ford Morgan Stanley's Adam Jonas, Jonas, Ford, Fred Imbert, Jason Bazinet, we're, Bazinet, Roblox, Alex Straton, Straton, JPMorgan, Rodolfo Angele, Angele, Tesla Piper Sandler, Tesla, Alexander Potter, Potter, Hakyung Kim, Tim Long, HPE, Long Organizations: CNBC, Barclays, Hewlett Packard Enterprise, U.S, Ford Motor, GM, Citi, Nike, JPMorgan, Petrobras, Tesla, Hewlett, Enterprise, Juniper Networks Locations: China, U.S, Tuesday's, XLK

☆ Watch CNBC’s full interview with Flutter CEO Peter Jackson
▼ + stars: | 2024-09-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Flutter CEO Peter JacksonFlutter CEO Peter Jackson joins 'Squawk on the Street' to discuss the company's raised guidance, how it is using AI, trends in sports gambling, and much more.

Persons: Peter Jackson

☆ How your tech stock holdings will be impacted by the election
▼ + stars: | 2024-09-25 | by ( Samantha Subin | ) www.cnbc.com time to read: +7 min

The outcome of November's presidential election could have major implications for some popular technology stocks. Meanwhile, a victory by Vice President Kamala Harris may lead to tighter AI regulations focused on safety, ethics and protecting consumers. AI chip giant Nvidia is another likely winner in both split scenarios and a Republican sweep. Heightened antitrust controls over Google and its local search monopoly in a Democrat sweep and split Harris government should also benefit shares of Yelp down 27% this year. Republican sweep Raymond James views Salesforce as a potential big winner in a Republican sweep, noting that "more favorable" corporate tax rates should benefit cyclical software names.

Persons: Raymond James, Donald Trump, Trump, Ed Mills, Kamala Harris, Mills, Harris, Melissa Fairbanks, John Davis, Andrew Marok, bode, Salesforce, Davis, Datadog, Adam Tindle, Josh Beck Organizations: Democrat, Veeva Systems, Flex, Visa, Democratic, Republican, Trump, Republican Senate, Microsoft, Nvidia, Verizon, U.S, Google, Apple, Texas, Intel, Qualcomm, Apollo Global Management, Arista Networks Locations: China, Washington, outperformance, Saudi Arabia, Yelp

☆ Microsoft CEO: Ignore 'conventional wisdom' about AI—it can already help you be more productive at work
▼ + stars: | 2024-09-25 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

Microsoft CEO Satya Nadella is defending the role of artificial intelligence — particularly in the workplace — like it's his job. AI can help people boost their productivity right now, Nadella said during a virtual appearance at the Fast Company Innovation Festival 2024 last week. Longer-term, it could help take on roles, even involving decision-making, across "healthcare or in finance or any other domain," he said. All that money has yet to yield a tool that actually helps most businesses earn more revenue, the Goldman Sachs report said. Plus, sign up for CNBC Make It's newsletter to get tips and tricks for success at work, with money and in life.

Persons: Satya Nadella, Nadella, Microsoft's, —, Goldman Sachs, Jim Covello, Gary Marcus, CNBC's, Marcus, you'll Organizations: Fast, Microsoft, New York University, Workforce, CNBC

☆ I tried out the alpha version of ChatGPT's Advanced Voice Mode. Here's what you can expect as it rolls out this week.
▼ + stars: | 2024-09-25 | by ( Ana Altchek | ) www.businessinsider.com time to read: +4 min

Read previewOpenAI stunned viewers when it showed off ChatGPT's Advanced Voice Mode at its Spring Update event in May. AdvertisementOpenAI will also release five new voices to Standard and Advanced Voice Mode in addition to the four already available. I've been trying out the alpha version of Advanced Voice Mode over the last couple of weeks, so here's what you can expect once you get access. Advanced Voice Mode also didn't give the thoroughness or detail that the text mode offers. ChatGPT's Advanced Voice Mode feels a world apart from Siri or other voice assistants, which don't offer smooth back-and-forth conversations or pick up on emotion.

Persons: —, Scarlet Johanson — OpenAI, It'll, Edu, it's, I've, didn't, Siri Organizations: Service, Business, Enterprise, EU, American Locations: Switzerland, Iceland, Norway, Liechtenstein

☆ Stock market today: Dow, S&P 500 drop as rally loses steam ahead of fresh economic data
▼ + stars: | 2024-09-25 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Markets are bracing for the latest GDP revision, jobless claims, and PCE inflation data in the coming days. Traders are still pricing in considerable rate cuts well into next year, per the CME FedWatch tool. AdvertisementUS stocks were mostly lower on Wednesday, ending a record-setting streak of gains as traders looked ahead to coming economic data. The Dow Jones Industrial Average fell nearly 300 points and the S&P 500 slipped from record highs, ending the day about 0.2% lower. Traders are still expecting steep rate cuts over the course of the next year.

Persons: —, Scott Wren, Wells Organizations: Traders, Service, Dow Jones, Nasdaq, Treasury, US, Micron Technologies, Micron Locations: Wells Fargo, East, Ukraine

☆ Surging AI demand could cause the world's next chip shortage, report says
▼ + stars: | 2024-09-25 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

The last major semiconductor shortage happened during the Covid-19 pandemic amid supply chain disruption and a rise in demand for consumer electronics as people were forced to stay and work at home. These are often referred to as AI-enabled devices and companies from Samsung to Microsoft have released such products. Bain said demand for GPUs and AI consumer electronics could be the cause of a chip shortage. Bain & Company noted that the semiconductor supply chain is "incredibly complex, and a demand increase of about 20% or more has a high likelihood of upsetting the equilibrium and causing a chip shortage." "The AI explosion across the confluence of the large end markets could easily surpass that threshold, creating vulnerable chokepoints throughout the supply chain," the report added.

Persons: Bain, Anne Hoecker Organizations: Bain & Company, Technology, Nvidia, Qualcomm, Samsung, Microsoft, CNBC Locations: Americas

☆ Here are Wednesday's biggest analyst calls: Apple, Tesla, Disney, Ford, General Motors, Duolingo, Roblox, Alphabet & more
▼ + stars: | 2024-09-25 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Wells Fargo upgrades Baker Hughes to overweight from equal weight Wells says it likes the oil service company's business model. Morgan Stanley upgrades AutoNation to overweight from equal weight Morgan Stanley says AutoNation is well positioned in a bumpy macroeconomic environment. Morgan Stanley reiterates Apple as overweight Morgan Stanley says it's remaining cautious after checks of iPhone 16 demand for Apple. Morgan Stanley downgrades Ford to equal weight from overweight and General Motors to underweight from equal weight Morgan Stanley downgraded several automakers on Wednesday and said it's concerned about market share losses. Morgan Stanley reiterates Nike as equal weight Morgan Stanley raised its price target on Nike to $82 per share from $79 ahead of earnings on October 1.

Persons: Wolfe, Sallie Mae, it's bullish, Wells, Baker Hughes, Piper Sandler, Tesla, Piper, Morgan Stanley, AutoNation, Mike Manley, Duolingo, MARA, CORZ, Piper Sandler downgrades Tyson, it's, Oppenheimer, GOOG's, Baird, Locker Baird, Apple, TD Cowen downgrades Expedia, Cowen, Goldman Sachs, Goldman, Morgan Stanley downgrades Ford, Roblox Organizations: APO, Bank of America, Macquarie, Tyson Foods, Barclays, Hewlett Packard Enterprise, DOJ, Google, Foot, Apple, ISI downgrades, Pacific, Evercore, UNP, Disney, JPMorgan, Oil & Gas, Petrobras, Motors, GM, Citi, Investors, Nike Locations: CLSK, Foot Locker, Mexico, China, Fortnite

☆ Mark Zuckerberg's prototype AR shades get a cool review from Nvidia's Jensen Huang
▼ + stars: | 2024-09-25 | by ( Zev Fima | ) www.cnbc.com time to read: +4 min

The chunky black frames, demonstrated by CEO Mark Zuckerberg, are still in development with no timeline on launch. However, the Orion shades represent a first look at the company's holographic AR glasses ambitions. They represent the convergence of the company's Quest line of headsets and its Ray-Ban Meta Smart Glasses, which Jim Cramer has been praising for months and months now. During his Connect keynote Wednesday, Zuckerberg shared a montage of user experiences with the Orion glasses, showing first impressions from notable celebrities. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: —, Mark Zuckerberg, Jim Cramer, Zuckerberg, Orion, Jensen Huang, Huang, it's, Jim Cramer's, Jim, Manuel Orbegozo Organizations: Meta, Orion, Nvidia, Apple, CNBC Locations: Menlo Park , California, U.S

☆ Mira Murati, OpenAI’s technology chief, becomes the latest exec to leave the company
▼ + stars: | 2024-09-25 | by ( Clare Duffy | ) edition.cnn.com time to read: +3 min

New York CNN —OpenAI Chief Technology Officer Mira Murati — who has been instrumental in the development of ChatGPT and the artificial intelligence image generator Dall-E — said Wednesday she is leaving the company. “My six-and-a-half years with the OpenAI team have been an extraordinary privilege,” Murati said in a note to the OpenAI team, which she posted to X. Fellow OpenAI co-founder John Schulman exited in August to join rival Anthropic. Murati joined OpenAI’s leadership team in 2018 after working at augmented reality company Ultraleap (then called Leap Motion) and Tesla. During the debacle, Murati joined more than 500 fellow OpenAI employees in threatening to quit if Altman was not brought back to the company.

Persons: Mira Murati —, —, “, ” Murati, “ There’s, shakeup, OpenAI, Ilya Sutskever, John Schulman, Greg Brockman, Murati, Sam Altman, Altman, Mira, ”, ” Altman Organizations: New, New York CNN, OpenAI, Bloomberg, OpenAI’s, Tesla, o1 Locations: New York, Silicon Valley

☆ UBS sees AI trade still in the 'early innings' and these stocks as the best way to play it
▼ + stars: | 2024-09-25 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

UBS named "Magnificent Seven" member Apple as an AI stock to watch out for. In all, 75% of analysts covering the stock rate it buy or strong buy, according to LSEG, with consensus price targets suggesting nearly 6% upside. Nearly 9 out of 10 analysts covering the stock rate it a buy or strong buy. Raymond James recently resumed coverage of Uber as a "strong buy," citing its "Robo Rides" thesis. Other names on the list include AI darling Nvidia, alongside fellow Magnificent Seven stocks Microsoft , Alphabet , Amazon and Meta Platforms .

Persons: Sundeep Gantori, Gantori, Needham, Goldman Sachs, Goldman, Michael Ng, Raymond James, Josh Beck, Uber Organizations: UBS, Apple, Uber, Microsoft

☆ FTC cracks down on DoNot Pay, others for 'deceptive AI claims and schemes'
▼ + stars: | 2024-09-25 | by ( Dan Mangan | ) www.cnbc.com time to read: +3 min

The Federal Trade Commission on Wednesday announced a crackdown on what the regulator called "deceptive AI claims and schemes" by three business opportunity ventures and two companies, including the legal services firm DoNotPay. "Using AI tools to trick, mislead, or defraud people is illegal," FTC Chair Lina Khan said in a statement. "The FTC's enforcement actions make clear that there is no AI exemption from the laws on the book," Khan said. In a complaint, the FTC said that DoNotPay, which touted its AI service as "the world's first robot lawyer," failed to live up to that claim. "Since about 2023, Defendants' deceptive sales pitch has said their business model is powered by artificial intelligence ("AI")," the suit says.

Persons: Lina Khan, Khan, DoNotPay, William Basta, Kenneth Leung Organizations: Financial Services, General Government, Federal Trade Commission, Wednesday, FTC Locations: Rayburn, CapVentures, Los Angeles

☆ Endeavour Catalyst discusses its AI investment plans
▼ + stars: | 2024-09-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEndeavour Catalyst discusses its AI investment plansAllen Taylor, managing partner at Endeavour Catalyst, says it has had "tremendous success" in markets in Latin America and the Middle East.

Persons: Allen Taylor Organizations: Endeavour Catalyst Locations: Latin America

☆ Meta's AI can now edit photos for you and 'talk' like a range of celebrities
▼ + stars: | 2024-09-25 | by ( Ana Altchek | ) www.businessinsider.com time to read: +1 min

Meta AI now includes visual and voice capabilities, announced at Meta's Connect event on Wednesday. The chatbot can now edit photos you share and answer questions about what it's in them. Go to newsletter preferences Thanks for signing up! Meta AI can reply to photos shared in the chat and answer questions about what's in them, according to the company. For example, if you take a photo of a bird and don't know what kind it is, you can ask Meta AI to identify it.

Persons: John Cena, Michael Key, —, Mark Zuckerberg Organizations: Meta's, Keegan, Service, Meta, Business

☆ S&P 500's record run is in jeopardy — plus, what Micron could signal about chip demand
▼ + stars: | 2024-09-25 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Markets: The S & P 500 has slipped into the red since the Morning Meeting. By the way, since the Sept. 6 close, the S & P 500 jumped nearly 6%, closing at a record 5,732 on Tuesday. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Salesforce, Meta, Dana her, it's, oversold, Mark Zuckerberg, Zuckerberg, Thursday's, Jim Cramer's, Jim Organizations: CNBC, ., Nasdaq, Nvidia, Meta, Microsoft, West Texas, Apple, Micron, Jefferies, Accenture, CarMax, Costco, Jim Cramer's Charitable Locations: China, Menlo Park , California

☆ Meta is bringing the voices of Judi Dench, John Cena and Keegan-Michael Key to AI chatbot
▼ + stars: | 2024-09-25 | by ( Clare Duffy | ) edition.cnn.com time to read: +3 min

New York CNN —Facebook and Instagram users will now be able to talk to voices that sound a lot like John Cena and Judy Dench. Parent company Meta (META) announced Wednesday that it is adding voice conversations and celebrity voices to its artificial intelligence chatbot, Meta AI. Now, instead of simply messaging with the chatbot, users can have real-time conversations and can choose from a selection of computer-generated or celebrity voices. The company partnered with Cena and Dench, as well as actors Kristen Bell, Awkwafina and Keegan-Michael Key, to train the chatbot to replicate their voices. Previously, influencers could train AI to have text conversations with their followers; now, followers will be able to have full, quasi-video calls with the AI versions of influencers who use the tool.

Persons: John Cena, Judy Dench, Cena, Dench, Kristen Bell, Awkwafina, Michael Key, Mark Zuckerberg, it’s, OpenAI, Scarlett Johansson, Johansson, Zuckerberg Organizations: New, New York CNN, Facebook, Meta, Keegan, Meta Connect Locations: New York

☆ Meta's AI models are helping the company drive share of digital ad dollars, says Raymond James' Beck
▼ + stars: | 2024-09-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMeta's AI models are helping the company drive share of digital ad dollars, says Raymond James' BeckJohn Beck, Raymond James analyst, joins 'Squawk on the Street' to discuss what's driving Meta's recent stock momentum, what Beck is focusing on in the company's annual Connect conference, and much more.

Persons: Raymond James ' Beck John Beck, Raymond James, Beck Organizations: Connect

☆ Edison International CEO on new 'reaching net zero' plan, AI's demand for power
▼ + stars: | 2024-09-25 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEdison International CEO on new 'reaching net zero' plan, AI's demand for powerPedro Pizarro, Edison International CEO, joins 'Money Movers' to discuss how to balance mitigating wildfire risks and utility customer rates don't continue to rise, the recent Microsoft-Three Mile Island deal, and much more.

Persons: Pedro Pizarro Organizations: Edison, Edison International, Microsoft

☆ AI becoming a game changer in both climate sustainability and measuring climate risk
▼ + stars: | 2024-09-25 | by ( Diana Olick | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAI becoming a game changer in both climate sustainability and measuring climate riskCNBC's Diana Olick joins 'The Exchange' to report on how AI is dominating Climate Week NYC.

Persons: Diana Olick

☆ I use an AI assistant as a doctor and cut hours off my workload. But, I'm still cautious about AI's future.
▼ + stars: | 2024-09-25 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +7 min

I work at my clinic 40 hours a week, but I used to spend a lot of my time documenting patient notes outside those hours. AdvertisementLast fall, I started using Suki AI, an AI-powered voice assistant, to help me make notes from patient interactions. I'm in favor of using AI for notetaking, but do have hesitations about using it for other purposes in the medical field. I signed up to trial Suki AI, which I heard the American Academy of Family Physicians endorsed, and a competitor product. I'm all in when it comes to using AI for transcription and summing up visits, but we have to make sure we have appropriate guardrails when going beyond that.

Persons: —, Jennifer J, Bryan, I've, It's, I'd, Suki, I'm, we're Organizations: Service, Hattiesburg Clinic, Business, Mississippi State Medical Association, American Academy of Family Physicians Locations: Mississippi

☆ These 10 in-demand startups are hiring right now—many roles are remote and pay $100,000 or more
▼ + stars: | 2024-09-25 | by ( Jennifer Liu | ) www.cnbc.com time to read: +1 min

Startups aiming to revolutionize artificial intelligence technology and health care are among the buzziest organizations to work for right now — and many of them are hiring for lucrative and remote jobs. 1 startup in LinkedIn's annual analysis of startups seeing rapid growth and demand. Rounding out the top three, Boston-based Cohere Health leverages AI to streamline processes in the health care system with the goal of enhancing both patient care and administrative efficiency. Altogether, these startups represent big opportunities for tech workers, especially those with machine learning specialties. Here are the top 10 startups seeing high growth and demand, plus some of their open roles and pay ranges, according to LinkedIn:

Persons: they've Locations: San Francisco, New York City, Boston

☆ Meta is making its popular Ray-Ban smart glasses even more useful with a slew of new features
▼ + stars: | 2024-09-25 | by ( Katie Balevic | ) www.businessinsider.com time to read: +3 min

Meta's smart glasses are getting an upgrade. "People love their Ray-Ban Meta glasses so much so that for a little while, we were struggling to keep up with the demand." The Ray-Ban Meta Wayfarer with polarized lenses costs $329, while the Transitions options are $379, according to Meta's website. The existing models of Ray-Ban Meta glasses let customers capture photos and videos, live stream on Instagram, and accept video calls. Last September, the tech giant announced it was adding Meta AI to its smart glasses for US-based customers, letting them use the virtual assistant AI with the command, "Hey Meta."

Persons: Mark Zuckerberg, Ray, Zuckerberg, There's, They're, that's, Meta, Insider's Jordan Hart Organizations: Service, Meta

☆ Salesforce may finally have found its AI footing. What it means beyond the initial hype
▼ + stars: | 2024-09-25 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +8 min

Bowing to investor pressure, Salesforce has adopted a more disciplined approach to dealmaking, increasing the importance of internal product development. "Agentforce is the product announcement [Salesforce] investors have sought for years," Needham analysts wrote in a recent note to clients. Salesforce stock remains down about 13% from its 2024 peak close and record high of $316.88 a share on March 1. CRM 1Y mountain Salesforce's stock over the past 12 months. Analysts said Salesforce is cheap compared to peers on multiple valuation metrics with ample room to increase free cash flow ahead.

Persons: Salesforce, Jim Cramer, Agentforce, Mulesoft, Needham, Einstein, —, Jim, Bofa, Baird, Piper Sandler, Piper, Jim Cramer's, Marc Benioff, Salesforce's Dreamforce, Justin Sullivan Organizations: Wall Street, Nasdaq, Barclays, Saks, Investors, Bank of America, CNBC, Getty Locations: Dreamforce, San Francisco, San Francisco , California

☆ How an 'AI sabbatical' helped accounting startup Klarity turbocharge its business
▼ + stars: | 2024-09-25 | by ( Melia Russell | ) www.businessinsider.com time to read: +6 min

"We just gutted our product and rebuilt it using generative AI." 'The rules of physics have changed'Even before its sabbatical, Klarity was well-versed in natural language processing and computer vision. Nadhamuni gave a talk on generative AI, its history, and the latest breakthroughs in the technology. If the new tech could do those five things, they would rebuild the core of Klarity's platform using generative AI. Nadhamuni also wrote a playbook on how to run a generative AI sabbatical that's available on Tola Capital's blog.

Persons: —, Nat Friedman, Daniel Gross, Nischal Nadhamuni, Nadhamuni, Klarity, Friedman, Gross, Aaron Fleishman, Fleishman, OpenAI, Miro, Tola Organizations: Service, Business, MIT, Venture Partners, Tola, Picus, Invus, Engineers

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