Day: May 24, 2023

PHILADELPHIA — From his office overlooking the Schuylkill River, Paul Melchiorre is puzzling over which new billion-dollar tech giants could rise from this economic slowdown. A onetime SAP manager, who made the bulk of his fortune building software developers iPipeline and Anaplan, Melchiorre has spread his earnings among a string of tech funds, including LLR, NewSpring, Osage, and Stripes, all firms with local ties, and others. Can recession spawn big, new, profitable companies? Melchiorre cites past phoenixes: Salesforce rose from the 2001 dot-com collapse and Uber amid the Great Recession. … Read More “China’s digital currency could threaten the US dollar. Should the Fed build its own?”

By Todd Campbell Few hedge fund managers share their thoughts in real time, and fewer still have 50 years of experience navigating the markets. Hedge fund manager Doug Kass is one of them. Kass, who offers his stock picks and insights in his Real Money Pro Daily Diary, doesn’t pull any punches when it comes to managing risk. He recently told investors interested in artificial intelligence that the road to AI profits will likely be rockier than expected for the likes of Nvidia (NVDA) – Get Free Report, Microsoft (MSFT) – Get Free Report, Alphabet (GOOGL) – Get Free Report, and C3.ai (AI) – Get … Read More “Hedge Fund Manager Doug Kass Has A Blunt Warning About AI Stocks”

By John H. Meyer / Twitter An influencer struggling to satisfy her thousands of fans has decided to clone herself virtually. Through a paid chatbot powered by AI, followers can enjoy personalized, even intimate conversations with this American influencer’s digital double. The creation soon went viral, causing many to reflect on the limits of AI. An influencer struggling to satisfy her thousands of fans has decided to clone herself virtually. Through a paid chatbot powered by AI, followers can enjoy personalized, even intimate conversations with this American influencer’s digital double. The cr… Read More “This influencer cloned herself virtually to keep up with her fans”

By Martin Baccardax Updated at 4:35 pm EST Nvidia Corp. (NVDA) – Get Free Report on Wednesday posted better-than-expected fiscal-first-quarter earnings and a robust near-term sales forecast amid what it called “surging demand” for its artificial-intelligence and data-center semiconductors. Adjusted earnings for the three months ended in April came in at $1.09 per share, down 20% from the year-earlier period but well ahead of the Wall Street consensus forecast of 92 cents. Group revenue, Nvidia said, fell 13% from a year earlier to $7.19 billion, but that figure topped analysts’ estimates of a … Read More “Nvidia Stock Surges As AI Chip Demand Powers Q1 Earnings, Outlook Boost”

LONDON (Reuters) – OpenAI CEO Sam Altman said on Wednesday the ChatGPT maker might consider leaving Europe if it could not comply with the upcoming artificial intelligence (AI) regulations by the European Union. The EU is working on what could be the first set of rules globally to govern AI. As part of the draft, companies deploying generative AI tools, such as ChatGPT, will have to disclose any copyrighted material used to develop their systems. Before considering pulling out, OpenAI will try to comply with the regulation in Europe when it is set, Altman said in an event in London. “The curre… Read More “OpenAI may leave the EU if regulations bite – CEO”

By Ian Krietzberg In an earnings call dominated by talk of artificial intelligence, Nvidia CEO and founder Jensen Huang addressed his competition, explaining why Nvidia’s position, compared to its competitors, is so strong. “We have competition from every direction,” Huan said, citing well-funded startups in addition to established semiconductor companies (such as Intel). “Nvidia’s value proposition at the core is we are the lowest-cost solution.” DON’T MISS: Nvidia CEO Makes a Bold Statement About Its Latest Invention Huang went on to explain that accelerated computing requires an “extraordin… Read More “Nvidia CEO Takes Strong Stance on its Value Versus Competitors”

By Chris Rosvoglou There were fireworks in the Bronx on Tuesday night, and we’re not just talking about the Yankees’ walk-off win over the Orioles. A video of Yankees fans throwing haymakers outside of Billy’s Sports Bar, which is located across the street from Yankee Stadium, surfaced on the internet this Wednesday morning. Two men wearing Yankees jerseys were on the floor scrapping before a woman in an Anthony Rizzo jersey intervened. It was an ugly scene to say the least. Here’s the brawl that took place: It seems like the fan wearing the Alex Rodriguez jersey “won” this fight. We’re not so… Read More “Video: There Was An Ugly Brawl Outside Yankee Stadium Tuesday Night”