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Bank of America upgrades Apple to buy from neutral Bank of America said AI and Vision Pro should drive upside for Apple. Bank of America reiterates Microsoft as buy Bank of America raised its price target on Microsoft to $450 per share from $430. Guggenheim reiterates Target as buy Guggenheim said Target is well positioned in 2024. Bank of America names Harley Davidson a top pick Bank of America said the motorcycle company is well positioned for 2024. " Bank of America reiterates ServiceNow as a top pick Bank of America said the stock remains a top idea for 2024.
Persons: KBW downgrades Charles Schwab, KBW, Mizuho, Robinhood, ., DA Davidson, Baird, Rivian, Wolfe, it's, Wells, it's bullish, Bernstein, Guggenheim, Piper Sandler, Tempur Sealy, TPX, CFRA, Harley Davidson, Oppenheimer, Morgan Stanley, Hertz, ServiceNow, Argus, Salesforce, Mike Blake Organizations: UBS, Netflix, Bank of America, Apple, of America, Nvidia, Semiconductors, Barclays, Red Rock Resorts, Vegas Locals, Microsoft, Guggenheim, Citi, JetBlue, Spirit, Costco, Piper, Palo Alto Networks, Paramount, Nasdaq, Hertz, Blackrock, Amazon, Deutsche Bank, Deutsche, JPMorgan Locations: repurchases, Palo, Palo Alto, Southeast China, 1H24, Los Angeles
Kim Kardashian gave her followers a look inside her luxurious SKNN BY KIM headquarters. It has custom-made curiosities like a 3D model of her brain, and a mannequin with her measurements. It also features a museum-like "shrine" to her products, an amphitheater, and a treatment room. AdvertisementNext up, Kardashian shows another room that features "a big TV wall" that plays her "beauty campaigns on loop." Kim Kardashian has 3D models of her brain and her plane on her desk.
Persons: Kim Kardashian, , Kardashian, she's, Kim, Rick Owens, KIM Organizations: Service, YouTube Locations: TikTok
Read previewAhead of the February 2 launch of Apple's Vision Pro, reporters were again given access to the virtual reality headset. "Talking to someone today while they were wearing Vision Pro the render of their eyes was deeply real," Josh Rubin at Cool Hunting said on Threads. It is still just a VR headset 'searching for a purpose'One overarching critique of the Vision Pro has been: What's the point? AdvertisementIn this most recent round of opinions, it seems testers can't see past the limited use cases for the Vision Pro. "I'm just still trying to see where it fits in the real world," Song wrote.
Persons: , Rich DeMuro, Josh Rubin, Cool, Song, Rubin, Dana Wollman, Low, Mark Gurman, Joanna Stern, Stern, Gurman, Nilay Patel, I'm, it's, Wollman Organizations: Service, Apple's, Pro, Business, Apple, Engadget, Bloomberg, Vision
Consumer spending accounts for about 70% of America’s gross domestic product, the broadest measure of the US economy, so a recession is nearly impossible as long as consumer spending is growing. Wednesday’s report is expected to be a good one — economists polled by FactSet expect that a strong holiday shopping season boosted consumer spending by 0.4% in December from the month prior. But new data from the New York Federal Reserve on Tuesday has soured the mood on Wall Street. The outlook for consumer spending doesn’t look so bright, either. The trend marked the deepening of a demographic challenge set to have significant implications on the world’s second largest economy, report my colleagues Laura He and Simone McCarthy.
Persons: Alicia Wallace, shutdowns, It’s, Brian Moynihan, , CNN’s Richard Quest, they’ve, Bob Iger, Samantha Delouya, Walt Disney, Iger’s, Disney, Laura, Simone McCarthy Organizations: CNN Business, Bell, New York CNN, FactSet, New York Federal Reserve, Consumer, Hamas, Federal Reserve, Bank of America, Economic, Disney, National Bureau of Statistics, Communist, NBS Locations: New York, Suez, Iranian, Asia, Europe, United States, Drewry, Davos, Switzerland, China, Communist China
Read previewAriana Grande confirmed fan suspicions on Wednesday when she announced the title of her seventh album: "Eternal Sunshine." The coordinates led to Montauk, New York, a key location in the 2004 sci-fi film "Eternal Sunshine of the Spotless Mind." But the promise of a "spotless mind," free of anger and heartache, is too enticing. My very first viewing of "Eternal Sunshine of the Spotless Mind" occurred in 2010, when I was 14. The "eternal sunshine of the spotless mind" is, in short, a lie.
Persons: , Ariana Grande, Charlie Kaufman, Michel Gondry, Joel Barish, Jim Carrey, Grande's, Clementine Kruczynski, Kate Winslet, Clementine, who'd, It's, I'd, Joel, haters, I've, She's, Mary Svevo, Kirsten Dunst, Howard, Howard Mierzwiak, Tom Wilkinson, Mary, she's, Mary reveres Organizations: Service, Business, happenstance Locations: Montauk , New York
“But I’m sure the next few days,” he added, before asking how much longer the storm might last. We’ll figure it out.”The ever-resourceful Bills have become accustomed to Mother Nature throwing a snowball or two into their schedule. Political Cartoons View All 253 ImagesIt happened in 2022, when a major storm forced the Bills into relocating their home game against Cleveland to Detroit. “We prioritized the players’ safety and everyone’s safety as best we could here, and just a phenomenal job by everyone that’s out there working so hard to clear the roads,” McDermott said. At the Bills facility, defensive tackle Ed Oliver has become adept to dealing with Buffalo storms.
Persons: Josh Allen, , , Dave “, Allen, Allen shrugged, Nature, Mitch Morse, It’s, Sean McDermott, that’s, ” McDermott, Mark Poloncarz, Ed Oliver, Oliver, We’ve, O’Cyrus, Torrence, “ I’d, Micah Hyde, sighed, “ I’m, ’ ” Hyde, I’ve, Matt Haack, Sam Martin, Haack, Rasul Douglas, LB Tyrel Dodson, McDermott, Gabe Davis, LB Terrel Bernard, Christian Benford, ___ Organizations: Buffalo, Bills, Cleveland, Pittsburgh, Kansas City Chiefs, Chiefs, Miami, Associated Press, NHL, Sabres, Chicago Blackhawks, , LB Locations: ORCHARD, Detroit, Erie County, Orchard Park, County, Orchard, Poloncarz, Buffalo, Houston, who’s, Greensburg , Louisiana, Louisiana, Lafayette and Florida, Green Bay, Buffalo .
The steps will apply specifically to OpenAI, only one player in an expanding universe of companies developing advanced generative AI tools. Starting “early this year,” OpenAI said, it will digitally watermark AI images created using its DALL-E image generator. “Will there be items that slip through the cracks?”OpenAI's ChatGPT and DALL-E are some of the most powerful generative AI tools to date. But there are many companies with similarly sophisticated technology that don't have as many election misinformation safeguards in place. OpenAI CEO Sam Altman said that even with all of his company’s safeguards in place, his mind is not at ease.
Persons: , OpenAI, ” OpenAI, Mekela Panditharatne, , ChatGPT, , Darrell West, Sam Altman, “ We’re Organizations: San, National Association of, State, Brennan Center for Justice, YouTube, Meta, Center for Technology Innovation, Bloomberg, Economic, Associated Press, AP Locations: San Francisco, U.S, Davos, Switzerland
Sarah Spiro and Brandon Jones live in a floating tiny house on a North Carolina lake. Brandon Jones and Sarah Spiro built a floating home on a lake. Building a new floating homeThere are strict rules about building floating houses on Fontana Lake, which is managed by the Tennessee Valley Authority, or TVA. An overview of the bedroom and the living room of the floating house. But now that she's living in a floating house, the sailboat idea no longer seems so far-fetched.
Persons: Sarah Spiro, Brandon Jones, Spiro, , keepingafloatwiththejoneses, keepingafloatwiththejoneses Spiro, Jones, Fontana, that's, It's, You'll Organizations: Service, Tennessee Valley Authority, TVA, Asheville Citizen, Times, Netflix Locations: North Carolina, Fontana Lake, Fontana, Smoky, Robinsville
Read previewA tanning business owner claimed a TikToker was to blame for his $10,000 debt after she failed to use and review his product as promised. Stevens' product, he said, is only meant to stay on for one or two hours. Stevens said he then started to think Nogueira hadn't used his product at all, and got a spray tan instead. Stevens then messaged Nogueira saying he'd bought a huge amount of product. Stevens' video generated more than 18,000 comments with some criticizing Nogueira for failing to review Illusion Bronze.
Persons: , Matthew Stevens, Mikayla Nogueira, Stevens, Nogueira, @mvstevens, Taylor Swift Stevens, texted Stevens, messaged Nogueira, she'd, Nogueira's TikTok, Nogueira hadn't, he'd, I've, shouldn't, didn't, she's, Stevens should've, Nogueira didn't Organizations: Service, Business, Nogueira
AdvertisementAfter a period of "wild west" investing in AI, Blank believes activity will favor AI companies that respect artists' consent and compensation. It recently co-led a $1 million seed round in Conduiit, which centralizes entertainment companies' production finance operations. Endeavor Venture InvestmentsEndeavor Venture Investments is the venture arm of entertainment and sports behemoth Endeavor. SWaN & LegendThe Virginia-based VC firm has a broad consumer portfolio that includes a number of entertainment investments. With Hollywood in contraction, SWaN has largely hit pause on new entertainment investments to get its portfolio companies on a strong footing.
Persons: Michael Blank, Blank, Jon Miller, Miller, Slack, Garnet Heraman, BDMI, Urs Cete, Michael, TMRW, Tiger Woods, Rory McIlroy, Elysian Park Ventures Jay Adya, Grant Lamos, Tom Brady, Gotham Chopra, Michael Strahan, Jay Adya, Morgan, Kushaan Ahuja, Drew Glover, Glover, Alex Harris, they've, Noah Doyle, Payback India, Jed Katz, Rich Greenfield, Rich, Ilya Pozin, Jamie Seltzer, LightShed, Steve Cohen's, it's, Sri Chandrasekar, Tripp Shriner, Ishan Sinha, That's, Wondery, Ian Doody, Raine, Gordon Rubenstein, Joe Ravitch, Jeff Sine, , Fred Schaufeld, SWaN, that's, Oscar, Jose, Schaufeld, Sam Wick, Alex J, Investcorp, Paul Yoo, Edgar Bronfman Jr, Daniel Leff, Waverley, Leff Organizations: Service, Creative Artists, Connect Ventures, Business, Hollywood, Veteran, TPG, Integrated Media Co, Advancit, CAA, Bertelsmann, Waverley, Octopus Ventures, Accel, Facebook, Venture, Aperture Venture, Bertelsmann Digital Media Investments, Fremantle, Connect, CAA Connect Ventures, New Enterprises Associates, TMRW Sports, Disney, Universal, Elysian Park Ventures, Elysian, Sports, Endeavor Venture, Endeavor Venture Investments, behemoth Endeavor, Dapper Labs, Fiat Ventures, Fiat Ventures Fiat Ventures, Fiat, Payback, Rent, LightShed, Rich Greenfield Influential, LightShed Ventures, Pluto, Apple, Octopus Ventures Octopus Ventures, Investments, Corp, Etsy, Re, Point72 Ventures New York Mets, Range Media Partners, Point72 Ventures, Sri, Powerhouse, Athletic, The New York Times Co, Evolution Media, Creative Artists Agency, Astro, Rave Digital Media, Accel Entertainment, Jose Andrés Media, Berliner, UTA Talent, UTA, UTA Ventures, Ventures, VR, Amazon, PFL Locations: blockchain, , Conduiit, fintech, London, Australia, Papercup, Los Angeles, Virginia, UTA.VC
The lander is still going, despite a fuel leak that dashed hopes of a soft moon landing, Astrobotic said. AdvertisementAstrobotic's lunar lander could still make it far enough to reach the moon — but the moon will be in the wrong place when it arrives. This means the lander could yet reach the lunar distance — the required number of miles to reach the moon. Astrobotic's Peregrine lander, seen here before launch. There are a slew of private lunar lander missions in the works.
Persons: Astrobotic, , Peregrine, Astrobotic Astrobotic's, that's, Astrobotic's Peregrine Organizations: Service, NASA, Astrobotic's, Payload Locations: Houston
Sarah Gundle Sarah Gundle, PsyDThese are appropriate questions, when you consider the public fascination with stories about Gypsy Rose Blanchard, who was recently released on parole after serving eight and a half years for helping to kill her abusive mother. The revelation drove Gypsy Rose to seek revenge by convincing her boyfriend to murder her mother. Of course, the behavior of Dee Dee Blanchard and Debra McCurdy was beyond the pale, rising to the level of evil. And would Dee Dee Blanchard have been able to stop the train of destruction if someone had more doggedly recognized and confronted her mental illness? Maybe we need to heed the words of Gypsy Rose Blanchard, who has said that trying to understand where her mother was coming from “brought me to a place of forgiveness.” Blanchard recently told CNN of her mother: “She was not an evil woman.
Persons: Sarah Gundle, Sarah Gundle Sarah Gundle, Gypsy Rose Blanchard, Gypsy Rose Blanchard ”, Blanchard, Claudine “ Dee Dee ” Blanchard, Gypsy Rose, Dee Dee, , Jennette McCurdy, McCurdy, , Debra, Dee Dee Blanchard, Debra McCurdy, , I’m, ” Andrew Solomon, Rozsika Parker, “ We’re, that’s, Carl Jung, don’t, Dee Dee Blanchards, Debra McCurdys, ” Blanchard, Organizations: Icahn School of Medicine, Mount Sinai Medical, CNN, Nickelodeon Locations: New York City
"Q should be more polished, given how far behind we are," one of the Amazon employees told BI. An Amazon spokesperson said Q is not based on a single AI model, and its launch followed standard operating procedure. They said Q primarily used Claude Instant 1.2, a cheaper, lighter, and faster version of the AI model that was released in August. More approachable, but too simpleCurrently, Amazon Q is only offered in preview mode to select customers. Some AWS employees, however, say it feels like the company is in a mad dash to release new products, even if they are subpar.
Persons: , Q, That's, Anthropic's Claude, It's, Google's Bard, Claude, Andy Jassy, Richard Brian Bedrock, Dario Amodei, Anthropic, Randall Hunt, Hunt, Corey Quinn, Quinn, Amazon's Trainium, Adam Selipsky, Selipsky, Amazon's Organizations: Service, Amazon, Business, Microsoft, Google, Claude, AWS's, Oracle, Duckbill, Nvidia, AWS
GPU supply problemsOriginally, Microsoft was working on its own machine-learning models for security use cases, according to the presentation by Microsoft Security Research partner Lloyd Greenwald. AdvertisementThe pitchThe pitch centered around the benefits of mostly using a single universal AI model rather than many individual models. "Today, our Early Access Program customers regularly share their satisfaction with the latest version of Security Copilot." He also mentioned ServiceNow connectors, and information from Microsoft Defender, the company's antivirus software, along with other sources of security data. It described Security Copilot as a "closed-loop learning system," that gets feedback from users and improves over time.
Persons: , Lloyd Greenwald, Greenwald, Frank Shaw, Shaw, Microsoft's Shaw, Kevin Scott, Satya Nadella, Eric Douglas, doesn't Organizations: Service, Business, Microsoft, Microsoft Security Research, BI, Microsoft Sentinel Locations: GPT
From putting greens and par-three holes to full-blown course replicas, the sport is increasingly taking up residence in gardens and backyards as golf enthusiasts of all levels look to shorten their travel time to the tee. California in particular is especially prone to drought, with state officials encouraging its citizens to cut their water usage. Yet “the number one” factor that can hike prices for larger greens, Nappi explains, is — ironically — drainage. Though they don’t require watering, greens sculpted in areas susceptible to heavy rain — such as Florida or Georgia — invite the threat of standing water, which can lead to mold and ruin the playing experience. “You can make it look pretty and beautiful and they love it, but it better play right,” Nappi said.
Persons: Mark Wahlberg, Cindy Crawford, DJ Khaled, Josh Allen, , Dominic Nappi, Tim Venturi, Ken Venturi, Nappi, ” Nappi, , Wahlberg, Los Angeles Times — Nappi, Tim Jackson —, Jackson Kahn, I’ve, “ There’s, Crawford, Rande Gerber, Allen, Jim Nantz’s, Courtney Richards, Jack Nicklaus, Arnold Palmer, Phil Mickelson, Ian Poulter, Tony Romo —, Dave Pelz’s, SYNLawn, Augusta National’s, Gareth Bale’s, , Tiger Woods, Organizations: CNN, Back Nine Greens, Business, Nine Greens, Greens, British, Nine Greens Star, Hollywood, Los Angeles Times, Malibu, Bills, Wall Street, NASA, Welsh, Real Madrid, Tiger Locations: Southern California, Palm, California, backyards, Florida, Georgia, Beverly, Scottsdale, Buffalo, Miami Beach, American, Austin , Texas, Glamorgan, South Wales, Island, South Dakota
Why America's Electric Car Push Isn't Working
  + stars: | 2024-01-03 | by ( Paris Marx | ) www.businessinsider.com   time to read: +12 min
Electric vehicles were supposed to be inevitable. Auto execs who were once trumpeting the potential of electric cars are even publicly acknowledging that EVs aren't working . In September, 87% of new-vehicle sales were fully electric vehicles. Plus, heavier electric vehicles are harder on roads, produce more air pollution, and pose a greater safety risk for pedestrians. Time for a rethinkThe shift from gas-powered cars to electric vehicles is an opportunity to rethink how Americans get from place to place.
Persons: Joe Biden, Tesla, EVs —, EVs, Edward Niedermeyer, Niedermeyer, Ipsos, CarGurus, bode, Ketan Joshi, Joshi, Benjamin Sovacool, it's, Paris Marx Organizations: EV, Ford, General Motors, Honda, Auto execs, Industry, Tesla Motors, EVs, Cox Automotive, Strategic, Cox, Statistics Norway, Transportation Locations: Mexico, America, California, United States, Norway, Oslo, Norwegian, Paris
Read previewMost people are likely familiar with Sony Electronics products — they're used in music publishing, photography, movie creation, and gaming. Like many top execs, Manowitz has focused on AI this year. "There's the excitement and wonderful opportunity that we see, but there's also a fear of the unknown," Manowitz said. He added, "There's not a single hotter-button pressing the creative community than authenticity." Naturally, we're thinking about how we can use AI to be a tool for creators and how we protect their rights.
Persons: , Neal Manowitz, Manowitz, there's, I'm, We've Organizations: Service, Sony Electronics, North America, Business Locations: North, Business, America
New York CNN —It was the year of artificial intelligence, and no Big Tech company leaned into the trend like Microsoft. That’s why CNN Business’ staff chose Nadella as the CEO of the Year, beating out other contenders including Chase CEO Jamie Dimon, OpenAI CEO Sam Altman and Nvidia CEO Jensen Huang. “There’s no question 2023 was the year of AI,” Nadella told CNN in an emailed response. OpenAI CEO Sam Altman and Nadella shared the stage at OpenAI’s first developer conference to discuss their partnership. Nadella told CNN he indeed remains “focused” on empowering both people and organizations to achieve more, as it continues to make and deploy new products.
Persons: Satya Nadella, Nadella, Jamie Dimon, Sam Altman, Jensen Huang, , ” Nadella, Pfizer’s Albert Bourla, Taylor Swift, Gil Luria, DA Davidson, , OpenAI —, Justin Sullivan, OpenAI’s Altman, Altman, “ It’s, OpenAI, ” OpenAI, ” Luria, Greg Brockman, Luria, Fred Havemeyer, “ Mr, Brad Barket, Stuart Carlaw, Nadella’s, he’s, ” Carlaw, hasn’t, ” Takeshi Numoto, — CNN’s Allison Morrow Organizations: New, New York CNN, Big Tech, Windows, CNN Business ’, Chase, Nvidia, CNN, Fortune, Microsoft, Ivy League, University of Wisconsin -, University of Chicago Booth School of Business, ChatGPT, Google, Macquarie, ABI Research Locations: New York, Silicon Valley, Seattle , Washington, Valley, India, University of Wisconsin - Milwaukee, Instacart, OpenAI
In the pharmaceutical industry, AI may one day accelerate new-drug development. In the foreseeable future, McClain expects the healthcare industry to use AI technology to design personalized medicines. Risks to considerWhile AI offers promise for the healthcare industry, there are also a variety of risks professionals using AI must consider and mitigate. Showalter said that a lack of "comprehensive regulations" can also make using AI technology in healthcare settings risky. With this in mind, he said, the medical industry must understand the "fundamentals of AI and its applications in healthcare."
Persons: , Sean McClain, McClain, Tim Showalter, Showalter, it's, Fred, haven't, Surya Josyula, Josyula Organizations: Experts, Service, Northwestern Medicine, Fred Hutchinson Cancer Center, UW Medicine, University of California, Fujitsu, Aichi Cancer, Fujitsu Laboratories of America Locations: University of California San Diego, Nagoya, Japan, China, United States
Gina Arata, one of the volunteers who received the implant, was 22 when a car crash left her with fatigue, memory problems and uncontrollable emotions. She abandoned her plans for law school and lived with her parents in Modesto, Calif., unable to keep down a job. “It’s kind of amazing how I’ve seen myself improve.”Dr. Schiff and his colleagues designed the trial based on years of research on the structure of the brain. Those studies suggested that our ability to focus on tasks depends on a network of brain regions that are linked to each other by long branches of neurons. Dr. Schiff and his colleagues pinpointed a structure deep inside the brain as a crucial hub in the network.
Persons: Gina Arata, Arata, , , Dr, Schiff, . Schiff Locations: Modesto , Calif
Ruby Franke's husband filed for divorce this week following her arrest on child abuse charges. AdvertisementKevin Franke — the husband of former YouTuber Ruby Franke — filed for divorce from his wife this week, approximately three months after she was arrested and later charged with six counts of child abuse. Kevin Franke's divorce filing comes about three months after Ruby Franke and her business partner Jodi Hildebrandt were arrested and later charged with six felony counts of child abuse each. In the aftermath of her arrest, Ruby Franke's estranged sisters posted videos denouncing her relationship with Hildebrandt and blaming Kevin Franke for failing to intervene. Bonnie Hoellein said it was Kevin Franke's "job to check in on things and he did not."
Persons: Ruby, Kevin Franke, Kevin, , Kevin Franke —, Ruby Franke —, Ruby Franke, Kevin Franke's, Jodi Hildebrandt, Franke, Hildebrandt, Randy Kester, Kester, Ruby Franke's, Bonnie Hoellein Organizations: Service, Business, NBC News, YouTube, Authorities, Police, Morning America, NBC Locations: Utah
Here are the biggest calls on Wall Street on Friday: Stifel initiates Boeing at buy Stifel said it sees a "favorable" setup for Boeing shares. Citi downgrades Spotify to neutral from buy Citi said in its downgrade of Spotify that the risk/reward is less compelling. Jefferies initiates Arcos Dorados as a buy Jefferies said the Latin American McDonald's franchisee is a "consistent compounder." Jefferies initiates CSG Systems as buy Jefferies said in its initiation of the software-as-a-service company that it sees burgeoning growth. Jefferies initiates Amdocs as buy Jefferies said it sees opportunity for the Israel-based software and systems integration supplier. "
Persons: Stifel, TD Cowen, Morgan Stanley downgrades Alibaba, Morgan Stanley, it's, Alibaba, Tesla, Cantor Fitzgerald, Cantor, Jefferies, Piper Sandler, TXRH, Wells, Wells Fargo, Emerson, Oppenheimer, Goldman Sachs, Bonnie Herzog's, MarketWise, Redburn, Johnson Organizations: Boeing, Delta, Air Lines, Citi, Spotify, RBC, Western Alliance, Novo Nordisk, Arcos, American, Crescent Energy, Fortrea Holdings, ISI, Aspen Technology, Emerson, JPMorgan, Constellation Brands, Constellation, UBS, Bank of America, Norfolk Southern, of America, Norfolk, CSG Systems, Communication Service, Financial Services, Technology, Healthcare, Westinghouse, Johnson, Innovative Medicine, Pharmaceutical Locations: Europe, China, Arcos, 4Q24, reaccelerate, Aspen, Norfolk, Israel
Europe has required new airplanes to collect 25 hours of cockpit voice recordings since 2021. FAA Administrator Mike Whitaker said the change will "give us substantially more data to identify the causes of incidents." After one runway incident, the NTSB said the cockpit voice recordings in both planes were overwritten and not recovered because the devices record only two hours. "More data will not only help identify causes but better enable operators to address any safety deficiencies," Homendy said. When cockpit voice recorders were first implemented in 1966, they could only record 30 minutes, the FAA said.
Persons: Jim Vondruska, Mike Whitaker, Jennifer Homendy, Homendy, David Shepardson, Bill Berkrot Organizations: Federal Aviation Administration, FAA, REUTERS, Rights, National Transportation Safety Board, International Civil Aviation Organization, NTSB, Thomson Locations: Chicago , Illinois, U.S, United States, Europe
Microsoft has put billions into OpenAI, but it still doesn't know why its board fired Sam Altman. Microsoft president Brad Smith dismissed the idea that the drama was over a dangerous AI discovery. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementLooks like Microsoft's top brass are still out of the loop with what the heck happened over at OpenAI.
Persons: Sam Altman, Brad Smith, Smith, , Altman, There's, Elon Musk, Organizations: Microsoft, Service, OpenAI, Reuters, Elon, Business Locations: Silicon
Jefferies upgrades Pinterest and Snap to buy from hold Jefferies sees growth upside in 2024 for both stocks. " Wolfe upgrades Ally Financial to outperform from peer perform Wolfe said in its upgrade of the financial company that it's well-positioned. "In an environment where the probability of a mild recession or soft landing both appear plausible, we believe ALLY is well positioned to outperform in either scenario and upgrade shares to Outperform." "We continue to believe that Salesforce is on track to become the next quality [growth at a reasonable price] stock." Goldman Sachs reiterates Snowflake as buy Goldman Sachs stood by its buy rating on Snowflake after earnings on Wednesday.
Persons: Berenberg, Eli Lilly, Lilly, Wells, BTIG, Jefferies, Bernstein, Burger, Wolfe, TD Cowen downgrades Okta, Cowen, Stifel, Raymond James, Morgan Stanley, Bilibili, BILI, Baird, Pat Shanahan, Wells Fargo, Salesforce, Goldman Sachs, Snowflake, DUK Organizations: pharma, Nvidia, NVIDIA, Jefferies, SNAP, BK, UBS, Service Corporation, Deutsche Bank, Lattice Semiconductor, Apple, JPMorgan, Nokia, Infineon, Watch, Hewlett Packard Enterprise, Barclays, GE Healthcare, Airbus, Bank of America, Duke Energy, HSBC, Molson Coors Locations: FTCH, North America, China
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