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☆ Gold touches two-week peak; U.S. inflation data in focus
  + stars: | 2024-12-11 | by ( ) www.cnbc.com   time to read: +2 min
Gold prices scaled a two-week peak on Wednesday, supported by escalating geopolitical tensions and expectations of another rate cut by the U.S. Federal Reserve next week, and ahead of the closely watched U.S. inflation report later in the day. Spot gold was up 0.2% at $2,698.47 per ounce, as of 0253 GMT, and hit its highest since Nov. 25. Investors' focus is on the U.S. Consumer Price Index (CPI), which is expected to have risen by 0.3% in November. Gold is considered a safe investment during economic and geopolitical turmoil and tends to thrive in a low-interest-rate environment. Spot silver added 0.1% to $31.93 per ounce, platinum gained 0.5% to $947.55 and palladium rose 0.7% to $975.19.
Persons: Kyle Rodda, Goldman Sachs Organizations: U.S . Federal Reserve, Investors, U.S . Consumer, Index, Reuters, South Korean Locations: Syria, Central
☆ Goldman Sachs says this AI-powered software stock that's up 50% since IPO is poised for more gains
  + stars: | 2024-12-11 | by ( Pia Singh | In | ) www.cnbc.com   time to read: +2 min
Goldman Sachs thinks there are more gains ahead for OneStream . Analyst Adam Hotchkiss initiated coverage finance management software maker with a buy rating and 12-month price target of $37 a share, which suggests 21.5% upside. Still, Hotchkiss sees more gains ahead for OneStream given its revenue growth potential, platform offerings to CFOs, as well as management's ability to drive margin expansion. OneStream is poised see at least 20% compounding growth "for the foreseeable future" as the company grows its consumer base, Hotchkiss said. The average price target also points to 20% upside.
Persons: Goldman Sachs, Adam Hotchkiss, Hotchkiss, OneStream Organizations: OneStream
☆ Marc Rowan addresses Apollo's succession plan after brush with Trump Cabinet
  + stars: | 2024-12-11 | by ( Alex Nicoll | ) www.businessinsider.com   time to read: +3 min
Marc Rowan on Wednesday addressed succession at private-equity giant Apollo Global. After Apollo CEO Marc Rowan's whirlwind candidacy for Trump's Treasury Secretary gig, questions remain about what could become of the firm after Rowan's eventual exit. As Business Insider has previously reported, Wall Street stock analysts view the two Apollo Asset Management copresidents as Rowan's natural successors. Rowan also mentioned "two very, very senior partners" in the firm's retirement services business Athene. But beyond these names, Rowan said there's "another 10 in asset management and another handful in retirement services" who represent "the next generation" of Apollo executives.
Persons: Marc Rowan, Marc Rowan's, Rowan, Josh Harris, Leon Black, Goldman, Scott Kleinman, Jim Zelter, Grant Kvalheim, Athene, Jim Belardi, there's, Donald Trump, Scott Bessant, Apollo, wakeup Organizations: Apollo, Trump, Treasury, Goldman Sachs Financial Services, Wall Street, Mar Locations: stewarding
☆ CNBC Daily Open: Can quantum computing be used in the real world?
  + stars: | 2024-12-11 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +3 min
Alphabet spikes after Google announces 'breakthrough' quantum chip Shares of Google's parent company Alphabet rose 6% on Tuesday, a day after the company hailed its latest quantum computing chip as a "breakthrough." Quantum computing uses quantum bits or qubits which can be zero, one or something in between. Will we see faster laptops, faster smartphones, or can quantum computing be used for artificial intelligence applications? Proponents of quantum computing claim it will be able to solve problems that current computers can't. After all, if there are currently no real world uses for quantum computing, the solution cannot be put to solving problems, let alone commercialized.
Persons: Bernstein, Lifeng, Donald Trump's, Goldman Sachs, Stanley, CNBC's Arjun Kharpal Organizations: CNBC, Trump, Blackrock, Citigroup, Google, Marvel, HAL Locations: China, Beijing
☆ Goldman Sachs' Elizabeth Burton: Next year will be about growth assets and diversifiers
  + stars: | 2024-12-10 | 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 EmailGoldman Sachs' Elizabeth Burton: Next year will be about growth assets and diversifiersElizabeth Burton, Goldman Sachs Asset Management chief investment strategist, joins CNBC's 'Closing Bell' to share her thoughts on where markets may go in 2025, how to position, and more.
Persons: Goldman Sachs, Elizabeth Burton, Goldman Organizations: Asset Management
☆ Stocks making the biggest moves midday: Alphabet, SiriusXM, MongoDB, Alaska Air Group and more
  + stars: | 2024-12-10 | by ( Pia Singh | In | ) www.cnbc.com   time to read: +4 min
Alphabet said this marks a major breakthrough in the field of quantum computing, leading shares 4% higher. Oracle — Shares dropped 8% after the cloud infrastructure company fell short of Wall Street's fiscal second-quarter expectations. SiriusXM — The radio operator tumbled 10% after the company appointed a new chief operating officer and announced cost-cutting initiatives. HealthEquity — The health savings account custodian gave a disappointing revenue forecast, saying it expects revenue between $1.275 billion to $1.295 billion for fiscal 2026. Analysts polled by FactSet expected a profit of $4.34 per share on revenue of $3.17 billion.
Persons: SiriusXM, Vail, Morgan Stanley, HealthEquity, FactSet, Piper Sandler, Mike Sievert, Centene, Jefferies, Bernstein, CoreCivic, Brian Violino, Donald Trump, Goldman Sachs, Goldman, —, Alex Harring, Hakyung Kim, Samantha Subin, Yun Li, Lisa Kailai Han, Jesse Pound, Michelle Fox Organizations: Oracle —, Alaska Air Group —, Alaska Air, Barclays, Mobile, Jefferies, eBay, American Airlines Group, American Airlines, Securities, Toll, Norwegian Cruise Locations: Tokyo, Seoul, Seattle, China, Norwegian
☆ Goldman Sachs upgrades Norwegian Cruise Line, says stock is primed for a strong 2025
  + stars: | 2024-12-10 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com   time to read: +1 min
A strong year and outlook for the cruise industry has Goldman Sachs forecasting more gains for Norwegian Cruise Line Holdings in 2025. She also raised her price target to $35 from $29, indicating shares can advance 34.8% from Monday's close. Year to date, Norwegian Cruise Line shares have soared 51% compared to the S & P 500's 26.9% rise. Norwegian Cruise Line shares popped more than 3% Tuesday during premarket trading. The average analyst price target also implies upside of more than 11%.
Persons: Goldman Sachs, Lizzie Dove, Dove Organizations: Cruise Line Holdings, Norwegian Cruise Line, Cruise Line Locations: Monday's, Norwegian, SPX
☆ Some workers are warming up to AI and think it will help their career
  + stars: | 2024-12-10 | by ( Tim Paradis | ) www.businessinsider.com   time to read: +5 min
Some US workers are embracing AI, seeing it as a career booster. In a KPMG US survey, half of respondents said automation — including AI — has boosted their professional abilities. 1 thing they could do" to retain workers, Doel said. Using AI for work-life balanceIn some cases, Doel said, workers appear to be eyeing tech like generative AI as an avenue for achieving better work-life balance. "They think it's going to allow them to be more flexible in their work-model contract with employers," Doel said, referring to workers' views on GenAI.
Persons: —, John Doel, Doel, they're, they'd, Millennials, it's, Goldman Sachs —, That's Organizations: KPMG US, KPMG, Amazon, JPMorgan, Workers, Employees Locations: GenAI
☆ The top 39 stocks expected to beat the S&P 500 by almost 4 times in 2025, according to Goldman Sachs
  + stars: | 2024-12-10 | by ( Laila Maidan | ) www.businessinsider.com   time to read: +2 min
The stock market has seen a strong year so far, with a 27% return and low volatility. But the bullish run isn't expected to be as strong in 2025, Goldman Sachs said. AdvertisementIt has been a great year for the stock market, not just because of the S&P 500's 27% return this year but also because of muted volatility. Still, there are rumblings of a slowing stock market. Below is a list of each stock, including its ticker, the next 12 months' expected price-to-earnings ratio, and its expected returns relative to its implied volatility.
Persons: Goldman Sachs, that's, David Kostin Organizations: Chief, Equity
☆ Stocks making the biggest moves premarket: Oracle, Alaska Air, MongoDB, HealthEquity and more
  + stars: | 2024-12-10 | by ( Lisa Kailai Han | ) www.cnbc.com   time to read: +4 min
Oracle — The database software company slid roughly 7% after posting fiscal second-quarter earnings and revenue that lagged analysts' estimates. However, the stock posted a fiscal third-quarter earnings and revenue beat and raised its fourth-quarter forecast. MongoDB now expects its adjusted earnings to come in between 62 to 65 cents per share, higher than the per-share consensus of 58 cents, according to LSEG. The firm also guided for revenue of between $515 million to $519 million, against the expected $509 million. Alaska Air Group — The Seattle-based carrier guided 4Q results higher and set a $1b buyback, sending the stock 11% higher.
Persons: Michael Gordon, Bernstein, LSEG, Toll's, John Colantuoni, Jefferies, Centene, David Windley, Piper Sandler, Donald Trump, Brian Violino, Goldman Sachs, Goldman, — CNBC's Michelle Fox, Alex Harring, Yun Li, Sarah Min, Jesse Pound, Pia Singh Organizations: Oracle, Alaska Air Group, American Airlines, Revenue, eBay, Jefferies, Wedbush Securities, South, Cruise Locations: Seattle, Alaska, Tokyo, Seoul, Fort Worth, FactSet, China, South Texas, Miami
☆ Inside Salt Lake City's booming banking industry
  + stars: | 2024-12-10 | by ( Jake Callahan Carl Quintanilla | Jake Callahan | Carl Quintanilla | ) www.cnbc.com   time to read: +2 min
CNBC takes viewers on a deep dive into Salt Lake City's booming banking sector. The city's exceptional growth in finance can be traced back to an early catalyst: industrial banking. This little-known type of banking institution allows nonfinancial companies, such as car manufacturer BMW , to own its own bank. Utah is home to most of America's industrial banks, with 15 of the nation's 23 located in Salt Lake County — a concentration unmatched anywhere else in the country. Jason Kotter, a professor of finance at Brigham Young University, explains the role of industrial banks, how they function, and why they've been key to Salt Lake City's rise as a major financial powerhouse.
Persons: Jason Kotter, they've, CNBC's Carl Quintanilla, Ryan, Ashley Smith, Former Utah Governor Michael Leavitt, Wade Sherman, Larry Miller, Steve Starks, Goldman Sachs, John Waldron, Vivint, Todd Pedersen, Maven, Tessa Arneson, Rocky Donati, Entrata, Catherine Wong Organizations: CNBC, BMW, Brigham Young University, Smith Entertainment Group, Former Utah Governor, Adobe VP Locations: Salt, Utah, Salt Lake County, Salt Lake City
☆ Goldman Sachs upgrades Norwegian Cruise Line to 'buy' as demand accelerates
  + stars: | 2024-12-10 | 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 EmailGoldman Sachs upgrades Norwegian Cruise Line to 'buy' as demand acceleratesLizzie Dove, Goldman Sachs analyst, joins 'Money Movers' to discuss the firm's bullish call on Norwegian Cruise Line, where the new demand for cruises is coming from, and if the cruise industry has discipline.
Persons: Goldman Sachs, Lizzie Dove Organizations: Cruise, Norwegian Cruise Locations: Norwegian
☆ The CPI report Wednesday is expected to show progress on inflation has hit a wall
  + stars: | 2024-12-10 | by ( Jeff Cox | ) www.cnbc.com   time to read: +2 min
Kamil Krzaczynski | AFP | Getty ImagesA key economic report coming Wednesday is expected to show that progress has stalled in bringing down the inflation rate, though not so much that the Federal Reserve won't lower interest rates next week. Excluding food and energy, so-called core inflation is forecast at 3.3%, or unchanged from October. With the Fed targeting annual inflation at 2%, the report will provide more evidence that the high cost of living remains very much a fact of life for U.S. households. Halting progress, but more cutsTo be sure, inflation has moved down considerably from its CPI cycle peak around 9% in June 2022. Car prices are expected to show a 2% monthly increase, while air fares are seen as 1% higher, the firm's economists projected in a note.
Persons: Kamil Krzaczynski, Dow Jones, Dan North, Goldman Sachs, Goldman Organizations: AFP, Getty, Federal, Allianz Trade, of Labor Statistics, CPI Locations: Chicago, U.S
☆ Goldman's favorite retail stocks for 2025 including an under-the-radar discounter
  + stars: | 2024-12-10 | by ( Alex Harring | ) www.cnbc.com   time to read: +3 min
Goldman Sachs sees an improved path ahead for retail stocks and offered some ways to play the space. Managing director Kate McShane said retail stocks should continue to rise in 2025. Plus, some retail stocks should be helped by company efforts to build out alternative revenue streams, she added. In this environment, McShane told clients about long ideas that fit these themes and her favorite stock ideas within the space. However, after 2024's big run, the average analyst polled by LSEG sees shares pulling back about 5%.
Persons: Goldman Sachs, Kate McShane, McShane, Donald Trump, OLLI, FactSet, LSEG, AutoZone Organizations: President, Revenue, Walmart Locations: Pennsylvania, Minnesota, Williams, Sonoma
☆ Here are Tuesday's biggest analyst calls: Apple, Dell, Oracle, Tesla, Chevron, Walmart, UPS, Alphabet, Broadcom & more
  + stars: | 2024-12-10 | by ( Michael Bloom | ) www.cnbc.com   time to read: +6 min
Citi names Apple a top 2025 pick Citi said Apple remains a top idea heading into 2025. Morgan Stanley names Tesla a top 2025 pick Morgan Stanley raised its price target on Tesla to $400 per share from $310. Piper Sandler names Alphabet a top pick Piper said it's bullish on the stock heading into 2025. Citi reiterates Broadcom as buy Citi raised its price target on Broadcom to $205 per share from $175 ahead of earnings later this week. Citi names Dell a top 2025 pick Citi said Dell is a top idea in 2025.
Persons: Bernstein, Morgan Stanley, Tesla, Piper Sandler, Piper, it's bullish, Piper Sandler downgrades Pinterest, Pinterest, Goldman Sachs, Goldman, Dell Organizations: JPMorgan, Green Realty, Green, Walmart, Citi, Apple, Airlines, Management, Cruise Line, Mizuho, Ball, Cipher, Broadcom, BMO, UPS, Deutsche Bank, Oracle, Deutsche, " Bank of America, Chevron, Chevron Corp, Dell, Motors Locations: United, Norwegian, BevCan
☆ Citi analysts see big jumps ahead for 3 industrial stocks — 1 call really surprised us
  + stars: | 2024-12-09 | by ( Morgan Chittum | ) www.cnbc.com   time to read: +6 min
Wall Street analysts touted three Club industrial stocks in a Monday research note, forecasting more upside for Eaton , Dover , and Honeywell . The news Citi raised its Eaton price target to $440 per share from $390 — implying nearly 19% upside from Friday's close. DOV YTD mountain Dover YTD Citi hiked its Dover price target to $236 from $226. HON YTD mountain Honeywell YTD Citi raised its Honeywell price target to $268 from $244 — implying more than 18% upside from Friday's close. .SPX .GSPI YTD mountain S & P 500 vs. industrials sector YTD Honeywell has been the laggard — up only about 7.5% in 2024.
Persons: We're, Eaton, DOV YTD, Donald Trump, Elliott, there's, Jim Cramer, Vimal Kapur, Kapur, Goldman Sachs, Elliott's, Jim Cramer's, DOV, Jim, Brendan McDermid Organizations: Honeywell, Citi, Analysts, Dover, Elliott Management, Environment Solutions Group, there's Honeywell, Materials Conference, CNBC, Traders, New York Stock Exchange Locations: Eaton, Dover, New York City, U.S
☆ Barrs: Optimism in U.S. growth dynamics post-election.
  + stars: | 2024-12-09 | 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 EmailBarrs: Optimism in U.S. growth dynamics post-election. Luke Barrs from Goldman Sachs Asset Management discusses the optimism in U.S. growth dynamics following the recent election, noting that reduced policy uncertainty is supportive of risk assets. He expects the Federal Reserve to continue normalizing policy with likely rate cuts, which will buoy market optimism.
Persons: Luke Barrs Organizations: Goldman Sachs, Management, Reserve
☆ Very optimistic about fundamentals in software through '26, says Goldman's Brook Dane
  + stars: | 2024-12-09 | 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 EmailVery optimistic about fundamentals in software through '26, says Goldman's Brook DaneBrook Dane, Goldman Sachs Asset Management co-head of public tech investing, joins 'Money Movers' to discuss the fundamentals in tech, which sectors can outperform together, and much more.
Persons: Goldman's, Dane Brook Dane, Goldman Organizations: Management
☆ Morgan Stanley downgrades Bank of America, says it will lag banks tied more closely to capital markets
  + stars: | 2024-12-09 | by ( Lisa Kailai Han | ) www.cnbc.com   time to read: +2 min
Bank of America will lag its peers in a capital markets recovery cycle, Morgan Stanley predicted. BAC YTD mountain BAC YTD chart Shares of Bank of America have rallied 39% this year. While Bank of America will benefit from a capital markets rebound, Graseck also shared her preference for banks that are more skewed to capital markets, since those names will likely see more upside. "In a bear case, BAC is more credit exposed vs. capital markets pure plays," the analyst wrote. And while Bank of America could get a boost from that, other banks tied more closely to dealmaking and capital markets may get a bigger one.
Persons: Morgan Stanley, Betsy Graseck, Graseck, Goldman Sachs, Trump Organizations: America, Bank of America, Citi, of New York Mellon, State
☆ Here are Monday's biggest analyst calls: Nvidia, Tesla, Rivian, AMD, Broadcom, Charles Schwab, PayPal & more
  + stars: | 2024-12-09 | by ( Michael Bloom | ) www.cnbc.com   time to read: +10 min
Here are Monday's biggest calls on Wall Street: Bank of America downgrades Advanced Micro Devices to neutral from buy Bank of America said it's concerned about market share gain potential slowing. Deutsche Bank initiates First Citizens as buy Deutsche Bank said it has a favorable long term view of the commercial banking company. Bank of America upgrades PayPal to buy from neutral The firm said the stock is a turnaround story. Bank of America downgrades Capital One to neutral from buy Bank of America said the Trump trade has played out for Capital One. Bank of America upgrades TaskUs to buy from neutral Bank of America said the outsourcing company is "best in class."
Persons: it's, Morgan Stanley, Goldman Sachs, Goldman, it's bullish, Robinson, Wells, Bernstein, JD …, Jefferies, McCormick, Biogen, Morgan, director's, JEF, OW, TD Cowen, Blackstone, Charles Schwab, Robinhood, Schwab, HOOD, Trump, SOFI, Truist, Tesla, Deutsche, Roth Organizations: Bank of America, Devices, AMD, Holdings, UBS, ELAN, Deutsche Bank, Citizens, First Citizens, JPMorgan, Broadcom, VMWare, Citi, Morgan Stanley downgrades Bank of America, Morgan Stanley, Bank, New York Mellon, Cap Bank, Blackstone, Barclays, " Bank of America, PayPal, Capital, COF, of America, Newell Brands, Nokia, Telecom Locations: China, C.H, Real, robotaxi
☆ China consumer prices climb less than expected as economy slows amid trade war worries
  + stars: | 2024-12-09 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com   time to read: +2 min
China's producer price index declined for the 26th month. Producer inflation fell by 2.5% year on year in November, less than the estimated 2.8% decline as per the Reuters poll. The persistent near-zero inflation shows that China is still grappling with sluggish domestic demand and deflation at the wholesale level. Liu said China's producer price index inflation will likely remain negative throughout 2025. China is also due to report its trade data for November on Tuesday, and retail sales figures next Monday.
Persons: Becky Liu, Liu, Goldman Sachs, Fitch, Brian Coulton Organizations: National Bureau of Statistics, Reuters, Standard Chartered Bank, Economic Work Conference, Fitch Locations: China
☆ China's top leaders are set to discuss GDP growth target, stimulus measures amid economic worries
  + stars: | 2024-12-09 | by ( Anniek Bao | In | ) www.cnbc.com   time to read: +5 min
BEIJING, CHINA - NOVEMBER 8: Chinese President Xi Jinping arrives for a signing ceremony with Italian President Sergio Mattarella (not pictured) at The Great Hall Of The People on November 8, 2024 in Beijing, China. Usually, the annual conference is preceded by the high-profile gathering of the Politburo, the top decision making body led by president Xi. While the specific numbers will not be announced until March, it is widely expected that Beijing will keep its next year's GDP growth target at "around 5" — same as the current year — if not slightly lower. China's President Xi Jinping and then U.S. President Donald Trump at a working session on the first day of the G20 summit in Hamburg, northern Germany, on July 7, 2017. "A policy bazooka could arrive if the Trump tariffs hit China's exports hard," Macquarie's Hu said, adding that Beijing will have to stimulate domestic demand to achieve its growth target.
Persons: Xi Jinping, Sergio Mattarella, Florence Lo, Xi, Goldman Sachs, Larry Hu, Lynn Song, Donald Trump, Morgan Stanley, Patrick Stollarz, Trump, Macquarie's Hu, Hu Organizations: Getty, Getty Images, Bloomberg, Goldman, Macquarie, ING, of Finance, Barclays, AFP Locations: BEIJING, CHINA, Beijing, China, Florence, Hamburg, Germany, China's
☆ The mind of Sam Altman
  + stars: | 2024-12-08 | by ( Adam Rogers | ) www.businessinsider.com   time to read: +21 min
And now, after years of stasis in Silicon Valley, we have Sam Altman . To answer that question, I've spent weeks taking a Talmudic dive into the Gospel According to Sam Altman. Unlike Jobs, who bestrode the stage at Apple events dropping one-more-things like a modern-day Prometheus, Altman doesn't spew ego everywhere. AdvertisementAnother contrast with the tech gurus of yore: Altman says he doesn't care much about money. Altman doesn't know what the future will bring, but he's in a hurry to get there.
Persons: It's, Steve Jobs, Elon Musk, Mark Zuckerberg, Sam Altman, Altman, Fortune, —, I've, he's, Jason Kempin, Jobs, Joe Rogan, Rogan, it's, Goldman Sachs, Brian Ach, he'd, Charming, Altman didn't, you've, Paul Graham, aren't, Kara Swisher, doesn't, Ezra, We'll, Isaac Asimov, Iain Banks, Drew Angerer, OpenAI, squished, Justin Sullivan, He's, Jeff Bezos didn't, Adam Rogers Organizations: Harvard, San, bros, Getty Images, Apple, TechCrunch, Stanford, Elon, SpaceX, AIs, OpenAI, Big Tech, Business Locations: Silicon Valley, Uniball, San Francisco, Midwest, Stanford, OpenAI, Mexico, ChatGPT, Silicon, Valley
☆ Top Wall Street analysts tout these energy stocks for attractive dividends
  + stars: | 2024-12-08 | by ( Tipranks.Com Staff | ) www.cnbc.com   time to read: +2 min
Moreover, the appeal of dividend stocks increases as interest rates decline, as is currently the case. Following the recommendations of top Wall Street analysts can help investors pick attractive dividend stocks, given that these experts conduct an in-depth analysis of a company's financials to assess its ability to pay — and increase — dividends. Here are three dividend-paying stocks, highlighted by Wall Street's top pros as tracked by TipRanks, a platform that ranks analysts based on their past performance. ChevronWe start this week with oil and gas producer Chevron (CVX). It returned $7.7 billion to shareholders in the third quarter, including $4.7 billion in share buybacks and $2.9 billion in dividends.
Persons: Wall, Goldman Sachs, Neil Mehta, Mehta, TipRanks Organizations: Wall, Chevron, CVX, Chevron Stock Locations: Kazakhstan, Gulf, Mexico, TipRanks
☆ Google CEO: AI development is finally slowing down—'the low-hanging fruit is gone’
  + stars: | 2024-12-08 | by ( Megan Sauer | ) www.cnbc.com   time to read: +3 min
Generative artificial intelligence probably won't change your life in 2025 — at least, not more than it already has, according to Google CEO Sundar Pichai. When OpenAI launched ChatGPT two years ago, generative AI quickly captured the imagination of users around the world. When I look at [2025], the low-hanging fruit is gone," said Pichai, adding: "The hill is steeper ... You're definitely going to need deeper breakthroughs as we get to the next stage." But another seismic shift that changes the way most people think about or envision AI is unlikely to happen within the next year, said Pichai. Sign up for CNBC's online course How to Earn Passive Income Online to learn about common passive income streams, tips to get started and real-life success stories.
Persons: Sundar Pichai, OpenAI, Pichai, Goldman Sachs, Satya Nadella, it's, Nadella, Sam Altman Organizations: Google, New York Times, Fast, CNBC
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