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☆ Top Wall Street analysts like these stocks for their growth prospects
▼ + stars: | 2024-10-20 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +5 min

To this end, top Wall Street analysts, with their expertise, can help investors understand the key drivers that could support a company's long-term growth and pick stocks that are likely to deliver lucrative returns. Here are three stocks favored by the Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance. Also, the analyst is confident about his Q4 revenue growth estimate of 12%, given "healthy closure rates and further pipeline building into a seasonally strong 4Q24." The company has been seeing stellar revenue growth rates, driven by robust demand for its advanced GPUs (graphics processing units) in building artificial intelligence models and applications. The analyst thinks that Blackwell's launch and ramp-up are not just near- and medium-term revenue growth drivers, but also key factors that will enhance Nvidia's competitive advantage.

Persons: Cowen, Shaul Eyal, Eyal, TipRanks, Gregg Moskowitz, Microsoft's GitHub, Moskowitz, Goldman Sachs, Toshiya Hari, Hari Organizations: Wall Street, Lacework, Mizuho, Nvidia, Dell, Hewlett Packard Enterprise Locations: billings

☆ Google Research execs reveal how they use AI in their daily lives — and where they think twice about it
▼ + stars: | 2024-10-20 | by ( Ana Altchek | ) www.businessinsider.com time to read: +3 min

Head of Google Research told BI the magic of technology is when you don't pay attention to using it. Executives for Google Research — the branch of the company that explores areas like machine learning, quantum AI, and science — shared with Business Insider how they use AI in their daily lives. Google Research head of product and UX Katherine Chou said she uses Lens, Google's tool that uses image recognition to identify images. Maya Kulycky, Google Research's VP of strategy, operations, and outreach, also said she is "a huge fan of Lens." AdvertisementVice President of Google Research, Yossi Matias, told BI some of his favorite tools allow listening to audio versions of articles or translating pages.

Persons: —, Katherine Chou, Maya Kulycky, Kulycky, Yossi Matias, Matias, it's, I'm, Gemini Apps Organizations: Google Research, Service, Business, Google, Gemini Locations: Chicago

☆ Uber CEO Dara Khosrowshahi calls Elon Musk's vision for Tesla robotaxis 'pretty compelling'
▼ + stars: | 2024-10-20 | by ( Lauren Edmonds | Lloyd Lee | ) www.businessinsider.com time to read: +4 min

Uber CEO Dara Khosrowshahi appeared on Friday's episode of the Hard Fork podcast. Khosrowshahi recently appeared on Hard Fork, a tech podcast, to discuss Uber's position in the autonomous vehicle industry. On the Hard Fork podcast, Khosrowshahi championed Waymo, saying he believed Waymo could best Tesla. Khosrowshahi spoke about Waymo's hardware during the Hard Fork podcast, saying, "I think that hardware costs scale down over a period of time. AdvertisementUber originally tried to walk the autonomous vehicle path alone, creating a self-driving car unit called Advanced Technologies Group.

Persons: Dara Khosrowshahi, Khosrowshahi, Tesla, Musk, —, Tesla's, Uber, Waymo, PATRICK T, FALLON, John Krafcik, Elon Musk, Elon, Andrej Karpathy, Karpathy Organizations: Service, Waymo, Getty, Financial Times, Technologies, Aurora, Business Locations: Phoenix, Atlanta, Austin

☆ The West is trying to starve the wrong part of Russia's war machine, defense experts say
▼ + stars: | 2024-10-20 | by ( Michael Peck | ) www.businessinsider.com time to read: +8 min

Russian artillery depends on a complex supply chain vulnerable to sanctions, defense experts say. Each company has its own supply chain of subcontractors, such as factories that make special steel. Current Western sanctions tend to be too broad and sporadic to cripple Russian defense production. A better approach would be a mixture of economic sanctions and diplomatic pressure focused on Russia's artillery supply chain, concluded the report. AdvertisementNonetheless, sanctions might ultimately prove to be a more effective approach than trying to destroy Russian artillery in combat.

Persons: —, Charly TRIBALLEAU, RUSI, NIMI Bakhirev, Reich, Michael Peck Organizations: Service, Royal United Services Institute, Scranton Army, Plant, Getty, Burevestnik Research, NATO, Allied, Germany, Central, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Russia, Ukraine, Donetsk, British, Soviet, Scranton, Pennsylvania, AFP, China, Germany, South Korea, Italy, Japan, Taiwan, Yekaterinburg, Volgograd, Perm, Nizhny Novgorod, Uzbekistan, Kazakhstan, Kazakh, Turkey, Forbes

CNN —At least 87 people were killed in an Israeli airstrike that hit several multi-story buildings overnight Saturday on Beit Lahia in northern Gaza, the enclave’s health ministry said. The number killed includes 27 bodies retrieved so far and 60 people under the rubble. More than 40 people had been injured, including a number of very critical cases, the ministry said. CNN has approached the Israeli military for fresh comment on the strike. Sinwar’s death is the latest blow to the Palestinian militant group in Gaza, where the enclave’s health ministry says more than 42,000 people have been killed since October 7.

Persons: Kamal Adwan, ”, “, Israel “, Beit, Islam Ahmed, Hussam Abu Safiya, Dr, Maher Shamiya, Yahya Sinwar Organizations: CNN, Israel Defense Forces, Office, Getty, Kamal Adwan Locations: Lahia, Gaza, ”, Beit Lahia, AFP, Israel, Lebanon

The Perplexity AI logo is seen in this photo taken Jan. 4, 2024. Perplexity AI, an artificial intelligence search engine startup hoping to chip away at Google's dominance, is seeking to more than double its valuation to about $9 billion in its next funding round, CNBC has confirmed. The Wall Street Journal was first to report on the new funding round. Perplexity started the year with a roughly $500 million valuation. Since then, the company has continued to attract investor interest alongside the bigger boom in generative AI, raising three funding rounds this year.

Persons: Perplexity, OpenAI, ChatGPT Organizations: CNBC, New York Times

The North Korean troops are thought to be receiving training before being sent to the frontline in Ukraine, in what is thought to be a clear sign of the ever warming relations between Moscow and Pyongyang. The soldiers are thought to be speaking in Korean although the low quality audio prevented their discussions from being fully understood. Upon arriving in Russia, the North Korean recruits have been asked to fill out a questionnaire providing their sizing for hats, headgear, uniforms, and shoes. A copy of the questionnaire North Korean soldiers filled out after arriving in Russia, providing their sizing for hats, headgear, uniforms, and shoes. Ukrainian President Volodymyr Zelensky had repeatedly sounded the alarm regarding Russia and North Korea’s deepening alliance, telling a NATO summit this week that “thousands” of North Korean troops were on their way to Russia.

Persons: Volodymyr Zelensky, ” Zelensky Organizations: CNN, North, South Korea’s National Intelligence Service, Ukrainian, Ukrainian Center for Strategic Communication, Information Security, North Korean, Security, NATO Locations: Russia’s, Ukraine, Moscow, Pyongyang, Russia, China, Russian, Korea, North, United States, South

☆ Google DeepMind CEO Demis Hassabis explains what needs to happen to move from chatbots to AGI
▼ + stars: | 2024-10-19 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

Google DeepMind CEO Demis Hassabis says "AI agents" are the next phase of AI after chatbots. According to Demis Hassabis, the CEO of Google DeepMind and a recently minted Nobel laureate, there isn't any secret formula to get there. Hassabis pointed to AlphaGo, DeepMind's AI that first defeated humans in Go, demonstrating reasoning skills in the game's defined domain. Hassabis pointed to AlphaGo, DeepMind's AI that first defeated humans in Go, demonstrating reasoning skills in the game's defined domain. They can use hardware like robots in the physical world, software like a calculator, or even other AI systems.

Persons: Demis Hassabis, —, Hassabis, they've Organizations: Google, Service, The Times Tech

☆ These are Morgan Stanley's highest conviction plays for earnings season
▼ + stars: | 2024-10-19 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Here are five of Morgan Stanley's 10 highest conviction plays, which the firm sees near-term catalysts driving "a meaningful move" upward. Morgan Stanley sees a positive set up for Eaton and is forecasting beats on all key performance indicators, including Americas organic growth and margins. "Our detailed organic growth build supports steady ~8% organic growth in 2025-26, roughly ~200 bps above Consensus, which drives [mid-single digit] EPS upside and argues for multiple expansion on sustained strength," he added. Eaton is set to report third-quarter earnings on Oct. 29. His price target of $100 suggests shares could rise 29% from Friday's close.

Persons: Morgan Stanley, Michelle Weaver, Morgan Stanley's, Eaton, Chris Snyder, Ron Kamden, Keith Weiss, —, Sarah Min Organizations: CNBC Disruptor, Microsoft Locations: Eaton, Americas, 4Q24, Friday's

☆ A Telegram group posted what it calls 'highly classified' US documents about Israel's attack plans
▼ + stars: | 2024-10-19 | by ( Katie Balevic | Lloyd Lee | ) www.businessinsider.com time to read: +3 min

A Telegram group posted what it says is leaked US intel on Israel's attack plans against Iran. AdvertisementA Telegram channel posted what it says are "highly classified" US intelligence documents analyzing Israel's plans to attack Iran. The region is bracing for an expected Israeli attack on Iran. Israeli officials have said it plans to retaliate for Iran's October 1 missile attack. The US announced this month it would send troops along with "a Terminal High-Altitude Area Defense (THAAD) battery" to Israel in response to Iran's attack.

Persons: —, Hassan Nasrallah, Sean McFate, Benjamin " Bibi, Biden, Bibi, McFate Organizations: intel, Middle East Spectator, Service, East Spectator, Zionist, Department of Defense, Business, US, Defense, Syracuse University Locations: Iran, Islamic Republic of Iran, Israel

Israeli and US officials often had some sense of the general area where Sinwar was hiding over the long months. The only way in is with an Israeli military escort, which means reporters are only allowed to see what Israel wants them to see. In the moments before his death — which Israeli officials have said was caused by a bullet to the head — Israeli troops flew a drone into the heavily damaged building where he had fled. A video from the drone, released by the Israeli military, offers a silent account of his final moments. To the end, US intelligence officials believed that Sinwar was unconcerned with his own mortality, and determined to continue the fight.

Persons: Yahya Sinwar, United States —, Sinwar, Hassan Nasrallah, Nasrallah, Israel, Khan Younis, Khan Yunis, Said Khatib, Ibrahim Sinwar, Tal Al Sultan, Tal, — Organizations: CNN, United, Brigade, CIA, IDF, Israeli Defense Forces, Getty, Israel Defense Forces Locations: Washington ,, Israel, United States, Gaza, Doha, Lebanese, Iran, Khan, AFP, Rafah, Tal Al, Washington

☆ Leaked documents show US intelligence on Israel’s plans to attack Iran, sources say
▼ + stars: | 2024-10-19 | by ( Natasha Bertrand | Alex Marquardt | ) edition.cnn.com time to read: +3 min

CNN —The US is investigating a leak of highly classified US intelligence about Israel’s plans for retaliation against Iran, according to three people familiar with the matter. One of the documents, which says it was compiled by the National Geospatial-Intelligence Agency, says the plans involve Israel moving munitions around. Any such leak would automatically trigger an investigation by the FBI alongside the Pentagon and US intelligence agencies. The US is already on high alert about Iranian hacking campaigns — US intelligence agencies said in August that Iran had hacked documents belonging to Donald Trump’s campaign. Axios first reported on the leaked documents Saturday.

Persons: ”, Mick Mulroy, Mulroy, Donald Trump’s, Axios, CNN’s Evan Perez, Katie Bo Lillis Organizations: CNN, East Spectator, US, Iran, National Geospatial - Intelligence Agency, National Security Agency, FBI, Pentagon, CIA, National Security Council, National Intelligence, National Locations: Iran, Australia, Canada, New Zealand, United Kingdom, Israel, South Korea, Ukraine

☆ Nvidia, Google, Microsoft and more head to Las Vegas to tout health-care AI tools
▼ + stars: | 2024-10-19 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +4 min

Costfoto | Nurphoto | Getty ImagesNvidia , Google , Microsoft and dozens of other tech companies are descending on Las Vegas next week to showcase artificial intelligence tools they say will save doctors and nurses valuable time. Based on the speaking agenda and announcements leading up to the conference, AI tools to conquer administrative burdens will be the star of this year's show. Tech companies, eager to carve out a piece of a market that could top $6.8 trillion in spending by the decade's end, argue that their generative AI tools can help. Josh Edelson | AFP | Getty ImagesGoogle, for instance, said it's working to expand its health-care customer base by tackling administrative burden with AI. Vertex AI Search for Healthcare allows developers to build tools to help doctors quickly search for information across disparate medical records, Google said.

Persons: Alex Schiffhauer, Josh Edelson, Satya Nadella, Dimas Ardian, DAX Copilot, that's, Shiv Rao, Abridge Organizations: Nurphoto, Getty, Nvidia, Google, Microsoft, Las, CNBC, Mercer, Tech, AFP, Healthcare, Google's, Bloomberg Locations: Hangzhou, China, Las Vegas, Mountain View , California, Jakarta, Indonesia

☆ Russia weighs fighter jet and missile deals that would expand Iran's military power
▼ + stars: | 2024-10-19 | by ( Paul Iddon | ) www.businessinsider.com time to read: +8 min

Advanced air defenses and anti-ship cruise missiles may also be on the table. Iran has ordered Su-35 fighters and also wants S-400 Triumf air defenses to, among other things, face Israel's superior missiles and air force. If all these deals do go forward, they would enhance the military capabilities of Iran and its allied militias. While the type of equipment was not specified, it could be the S-400 Iran has long sought. Iran is seeking Russia's S-400 air defenses.

Persons: —, Su, Justin Bronk, Bronk, Anton Mardasov, hasn't, Mardasov, parry, Israel, Vladimir Putin Organizations: Service, Iran, Technology, Military Sciences, United Kingdom's Royal United Services Institute, The New York Times, Russian Defense Ministry, Anadolu Agency, Getty, Moscow, Iran's Locations: Russia, Iran, Israel, Ukraine, Tehran, East, Syria, Moscow, Saudi Arabia, United States, Russian, Kyiv, Panamanian, Lebanon

☆ Video appears to show North Korean soldiers gearing up for Ukraine war at a Russian military training base
▼ + stars: | 2024-10-19 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +3 min

Ukraine has released a video it says shows North Korean troops in Russia. AdvertisementA new video released by the Ukrainian government's Center for Strategic Communication and Information Security appears to show North Korean soldiers at a Russian military base. Exclusive - Newly obtained footage from Russia's Sergievsky Training Ground showing North Korean troops being outfitted in Russian gear in preparation for deployment to Ukraine. AdvertisementThe NIS said that North Korean soldiers were being transported from the North on Russian navy ships and that around 1,500 North Korean special forces troops were already in Russia. Should North Korean troops' involvement in the conflict be confirmed, it would mark North Korea's first major involvement in a war since the Korean War in 1950-1953.

Persons: —, Volodymyr Zelenskyy, We've, Mark Rutte, Rutte, Pat Ryder Organizations: Ukrainian government's Center, Strategic Communication, Information Security, Service, South Korea's National Intelligence Service, Korean, NATO, Ukraine, Pentagon Locations: Ukraine, Russia, Russian, Korea, Brussels, North Korea

☆ This is OpenAI CEO Sam Altman's favorite question about AGI
▼ + stars: | 2024-10-19 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

Earlier this year, Sam Altman discussed the future of artificial general intelligence at Harvard. Altman said he envisions AGI as a tool to enhance productivity and create shared intelligence. OpenAI's mission is to develop AGI, a form of intelligence that mimics human reasoning. AdvertisementSam Altman, the CEO of OpenAI, is always in the media spotlight, fielding many questions. It showed him one part of "what the post-AGI world can look like," Altman said on the Life in Seven Songs podcast.

Persons: Sam Altman, Altman, —, Patrick Chung, OpenAI, AGI, — Altman, we're, it'll, Rob Price Organizations: Harvard, Service, Harvard Business School

The Justice Department, in an 18-page indictment Thursday, charged Vikash Yadav, 39, with three counts of murder-for-hire and money laundering. Federal prosecutors said Yadav was a “senior field officer” for New Delhi. Their New York target was an attorney and political activist who is a U.S. citizen of Indian origin, prosecutors said. Nijjar was also mentioned as a target by Yadav and was an associate of the activist he plotted to assassinate in New York, the Justice Department release said. Yadav was employed by India’s Cabinet secretariat, which also houses the country’s foreign intelligence wing, the Research and Analysis Wing, the Justice Department indictment said.

Persons: Vikash Yadav, Yadav, ”, Nikhil Gupta, Gupta, Yadav “, Christopher Wray, “, Matthew Miller, Hardeep Singh Nijjar, Nijjar, Gurpatwant Singh Pannun, ” Miller, Prosecutors, Narendra Modi’s, Matthew G, Olsen Organizations: DELHI, The Justice Department, New Delhi, FBI, U.S, Department, Indian Government, ”, ., The, DOJ, Associated Press, AP India, “, State Department, U.S ., Research, Embassy, India’s Ministry, Affairs, Drug Enforcement Administration, Indian, Justice Department’s National Security Division Locations: U.S, New York City, New, India, York, Czech Republic, Washington, Canada, Nijjar, New York, Indian, “ Canada, New Delhi, United States

☆ North Korean troops in Russia readying for combat in Ukraine war, S.Korea says
▼ + stars: | 2024-10-18 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +2 min

SEOUL — North Korea has shipped 1,500 special forces troops to Russia’s far east for training and acclimatizing at local military bases and will likely be deployed for combat in the war in Ukraine, South Korea’s spy agency said on Friday. South Korea’s National Intelligence Service (NIS) also said it had been working with Ukrainian intelligence service and had used facial recognition artificial intelligence technology to identify North Korean officers in eastern Ukraine’s Donetsk region supporting Russian forces firing North Korean missiles. Earlier, South Korean President Yoon Suk Yeol called an unscheduled security meeting with key intelligence, military and national security officials to discuss North Korean troops’ involvement in Russia’s war against Ukraine, Yoon’s office said. Yoon’s office said South Korea, together with its allies, has been closely tracking North Korea’s troop dispatch to Russia from the initial stages. South Korea will respond to the North’s activities with all available means, it added, without elaborating on what actions it might take.

Persons: Yoon Suk Organizations: Korea’s National Intelligence Service, Korean, South, Ukraine Locations: SEOUL, North Korea, Ukraine, South, Ukraine’s Donetsk, Russian, Korea, Russia, North, South Korea, Washington

The death of Hamas leader Yahya Sinwar opens a window of opportunity for Israel to end the war in Gaza. The Texas Supreme Court halted the execution of an inmate in a “shaken baby syndrome” case. The length of the stay was not specified but the state Supreme Court wrote in the opinion that the lower court should act swiftly. NOAA issues winter weather forecast as Phoenix finally snaps heat streakParts of Washington state saw the first bouts of snowfall this season, a preview of what’s expected for the region this winter. While forecasters are looking ahead to winter, Phoenix, until Tuesday, had been trapped in a summer that wouldn’t end.

Persons: Yahya Sinwar, Rob Gronkowski, Netanyahu, Sinwar, Ismail Haniyeh, Benjamin Netanyahu, ”, Bruce Riedel, Biden, Antony Blinken, Aaron David Miller, ” Miller, Robert Roberson, Roberson, Read, “, Amanda Hernandez, Trump, Donald Trump, Roe, Wade, Aquilino Gonell, Kamala Harris ’, Joe Biden, Elon Musk, Harris, Mark Cuban, ➡️ Harris, Sen, John McCain, it’s, ➡️ Tim Walz, Mitch McConnell, ➡️, Liam Payne’s, Liam Payne, Luciano Gonzalez, Helene, Laith Wallschleger, Aaron Hernandez, Travis Kelce, Brian Urlacher, JJ Watt, ” Wallschleger, Greg Rosenstein, Elizabeth Robinson Organizations: The Texas Supreme, Israel, Israeli, CIA, Carnegie Endowment, International, Texas Supreme, Texas Department, Criminal Justice, NOAA, Phoenix, Atmospheric Administration, U.S . Capitol, Fox News, Univision, Capitol Police, House, ➡️, Elon, Trump . ➡️, Trump, NBC News, Anadolu, Getty, Apalachee High School, NFL, NBC Locations: Israel, Gaza, The, U.S, Texas, Washington, Phoenix, Arizona, British, Buenos Aires, Argentina, Dallas, Georgia, FX’s

China’s National Bureau of Statistics on Friday reported third-quarter GDP growth of 4.6% year on year, slightly exceeding the 4.5% expected by economists polled by Reuters. “The national economy showed positive signs of growth in September,” Sheng Laiyun, the bureau’s deputy commissioner, said at the news conference, according to CNBC’s translation of the Chinese. Other data also released on Friday, such as retail sales and industrial production, also beat expectations, a hopeful sign for the world’s second-largest economy. “Despite the multitude of challenges, China’s economy is not incurable as some would suggest,” Xu added. Authorities continued to dip feed more stimulus measures throughout this month amid low consumer sentiment and a flagging property sector.

Persons: ” Sheng Laiyun, ”, Tianchen Xu, ” Xu, Finance Lan Organizations: China’s National Bureau, Statistics, Reuters, Economist Intelligence Unit, China’s, Finance, Ministry Locations: China’s, Beijing

☆ Meta layoffs are the latest sign that constant job cuts are the new Big Tech normal
▼ + stars: | 2024-10-18 | by ( Tim Paradis | ) www.businessinsider.com time to read: +7 min

After shedding workers in sweeping layoffs in late 2022 and early 2023, many tech companies are adopting a more methodical, department-by-department approach to making cuts. Related storiesIndeed surveyed more than 1,100 US tech workers from early to late June. Fagan said some tech workers are drawn to the flexibility that contingent or part-time roles can offer. Yet, ultimately, she said, tech is the #1 industry tech workers historically want to work in. Advertisement"It's not like they're going out and massively hiring and then doing layoffs," Fagan said.

Persons: —, Andy Welfle's, Welfle, he'd, Cruise, Zeile, Linsey Fagan, Fagan, It's, they're, " Fagan, Mark Zuckerberg, Dice's Zeile, Zuckerberg, they've, Indeed's Fagan, it's Organizations: Meta, Service, Microsoft, Reality Labs, Google, LinkedIn Locations: Silicon Valley

☆ Israel killed its most-wanted target thanks to 2 things: chance and persistence
▼ + stars: | 2024-10-18 | by ( Tom Porter | Hannah Abraham | ) www.businessinsider.com time to read: +5 min

Israel killed Hamas leader Yahya Sinwar, the architect of the October 7 terrorist attacks. AdvertisementAfter a yearlong war against Hamas that reduced much of Gaza to ruins, Israel on Wednesday killed its top target: the Hamas leader Yahya Sinwar. Israel's military persisted, using heavy weapons, including 2,000-pound bunker-buster bombs, to target areas under Gaza where Sinwar and other Hamas leaders could have been hiding. During that time, Israel killed several Hamas leaders, including Mohammad Deif in Gaza, and Ismail Haniyeh in an audacious explosives attack in Tehran, Iran. A chance encounterA unit from the Israel Defense Forces (IDF) 828th Bislamach Brigade conducted Wednesday's operation in Gaza.

Persons: Israel, Yahya Sinwar, —, Bashir Abbas, Sinwar, Mohammad Deif, Ismail Haniyeh, Abbas, Tal al, Joe Biden, Bin, Netanyahu Organizations: Service, Hamas, Wednesday, Stimson, Israel Defense Forces, 828th Bislamach Brigade, Royal United Services Institute, US Institute for, ISIS Locations: Israel, Gaza, Washington ,, Tehran, Iran, Rafah, Lebanon

☆ The commercial real estate recovery is on, but the rebound may be uneven
▼ + stars: | 2024-10-18 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

Howard Schnapp | Newsday | Getty ImagesThe tide could be turning for commercial real estate. That could give interest rate-sensitive sectors such as commercial real estate long-awaited positive momentum. While lower rates are not a "magic bullet," the easing of the Fed's monetary policy "lays the groundwork for a commercial real estate recovery," analysts wrote in a follow-up report in late September. More than $40 billion in transactions occurred during the second quarter, a 13.9% jump quarter over quarter, but still 9.4% lower year over year, according to real estate data intelligence firm Altus Group. While these dynamics could set the stage for a broader recovery, with some major subsectors such as commercial retail real estate picking up in tandem, the path forward will likely be uneven.

Persons: Howard Schnapp, Alan Todd, Todd, Willy Walker, Walker, Dunlop, what's, Wells, Wells Fargo, —, Chad Littell, Littell Organizations: Newsday, Federal Reserve, Bank of America, CNBC, REIT, Real, Board, New York, U.S, Capital Locations: Melville , New York, Wells, U.S, Manhattan, Wells Fargo

☆ Intel seeks billions for minority stake in Altera business, sources say
▼ + stars: | 2024-10-18 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Intel is looking for a deal that values Altera at around $17 billion, said the people, who requested anonymity to speak freely about confidential information. Following a steep drop in its stock price and extended stretch of market share losses, Intel has been looking to make drastic changes. The company made overtures to a number of private equity and strategic investors this week about Altera, the sources said. Intel has expressed to some of those investors that it would be possible to acquire a majority stake in the business. Intel has previously said it could look to monetize Altera business through an IPO, possibly as soon as 2026.

Persons: Pat Gelsinger, Gelsinger Organizations: Intel Corporation, Senate Commerce, Science, Innovation, Russell, Intel, Qualcomm, Nvidia, Devices

☆ Wall Street is trying to make AI search sexy
▼ + stars: | 2024-10-18 | by ( Bianca Chan | ) www.businessinsider.com time to read: +8 min

Finance firms and fintech startups are trying to use generative AI to improve search capabilities. Perfecting search, down the line, could lead to more automation and more complex generative AI tools. It has already onboarded some-25 Wall Street firms onto its generative AI platform. AdvertisementMeanwhile, two Stanford grads came together to build Mako, a generative AI associate for the private-equity industry. The search tool is the bank's second such generative AI tool, the first being a generative AI developer co-pilot that helps software engineers code more efficiently.

Persons: Goldman Sachs, Blackstone, —, Goldman hoovered, Neema Raphael, Raphael, it's, Morgan Stanley's, Keri Smith, Smith, Jeff McMillan, Gabe Stengel, Stanford grads, It's, Peter Anderson, Familiarizing, Goldman Organizations: Service, Bloomberg, Nasdaq, Goldman, Blackstone, Google, Bank of America's, Accenture, Stanford, Balyasny Asset Management Locations: Wall, OpenAI

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