Day: November 8, 2023

Meta Platforms, Inc (NASDAQ: META) tapped Hugging Face, an open-source community-driven platform, and Scaleway, a European cloud leader for AI infrastructures, to accelerate the adoption of open-source artificial intelligence solutions within the French entrepreneurial ecosystem. Also Read: Meta Platforms Goes To AI War: Launches New AI Coding Software To Compete With OpenAI Located at STATION F in Paris, the World’s largest startup campus, and with the support of the HEC incubator, the program will support five startups in the acceleration phase from January to June 2024. A panel of experts f… Read More “Meta Platforms Partners With Hugging Face, Scaleway To Boost AI Startups In France’s Largest Tech Hub”

As the World delves deeper into a new era of technological innovation, the spotlight shines brightly on companies at the forefront of artificial intelligence (AI) and robotics. One such standout player is robotics company Symbotic (SYM), whose shares have scored dazzling gains so far this year. Its stock is up 177% year-to-date, outperforming the S&P 500 Index’s ($SPX) gain of 14%. It doesn’t come as a surprise to see SYM shares rally, given that most tech stocks are riding the AI wave. Also, Symbotic’s strengthening fundamentals, as depicted by its results in the first three quarters of fisca… Read More “Up 177% YTD, Should This AI Stock Be on Your November Watchlist?”

By Ian Krietzberg Investor sentiment around Tesla TSLA has been thin on the ground in the weeks since the company reported weaker-than-expected earnings Oct. 18. The stock price is now down about 16% from the $263 Tesla hit in the days before it reported results. Though still up around 80% for the year, a decent portion of the gains the stock posted throughout the first half have been erased. Related: Key investor highlights the start of a positive trend for Tesla’s stock The company missed Wall Street estimates for earnings and deliveries in the quarter, but many analysts say the stock’s poor… Read More “Musk must take steps to stop Tesla’s stock slide, key analyst says”

By Lananh Nguyen and Gwladys Fouche NEW YORK (Reuters) -Norway’s $1.4 trillion sovereign wealth fund is using artificial intelligence to help manage its investments, its CEO Nicolai Tangen said in an interview at the Reuters NEXT conference in New York. The fund invests the Norwegian state’s revenues from oil and gas production in equities, bonds, property and renewable projects abroad. It is the World’s largest sovereign wealth fund, holding stakes in more than 9,200 companies globally and owning 1.5% of all listed stocks. “We are using it (AI) now in how we deploy the capital,” Tangen said. … Read More “Norway wealth fund CEO says it is using AI to deploy capital”

BioXcel Therapeutics Inc (NASDAQ: BTAI) announced overall survival (OS) data from its Phase 2 trial of BXCL701 in combination with Merck & Co Inc’s (NYSE: MRK) Keytruda (pembrolizumab) in patients with metastatic castration-resistant prostate cancer of adenocarcinoma phenotype, the most common form of the disease. As of a September 6, 2023 data cutoff, evaluable patients with adenocarcinoma (n=29) showed a median OS of 15.5 months and a 12-month survival rate of 59%. Also Read:Schizophrenia Player BioXcel’s Drug Faces Funding Headwinds, Analyst Downgrades Stock. The company reported a RECIST p… Read More “BioXcel Therapeutics Reveals Survival Data From Prostate Cancer Combo Therapy Trial”

(Reuters) – European Union lawmaker Brando Benifei, one of the architects of the bloc’s artificial intelligence rules, said on Wednesday that he expects the EU AI Act will serve as a “blueprint” that countries around the globe could use for their legislation. While several countries have been looking at ways to regulate AI, European lawmakers have taken a lead by drafting AI rules aimed at setting a global standard for a technology key to almost every industry and business. The draft rules could get approved by next month. “We worked on these risk framework that could be applied in a different… Read More “EU AI Act to serve as blueprint for global rules, Benifei says”

The European Union finds itself at a crossroads when it comes to regulating artificial intelligence. On the one hand, there is a push for swift and comprehensive regulation to address the rapid advancements in AI technology. On the other hand, some argue the EU should proceed with caution over fears that overly hasty regulation could become outdated before it even takes effect. Simon Coveney, Ireland’s Minister for Business,Trade, and Employment, expressed his concerns about the EU’s approach to AI regulation during Euronews’ international AI summit. “We need to be careful here. This isn’t jus… Read More “EU debates future regulation of Artificial Intelligence within the bloc”

By Stephen Nellis (Reuters) -Semiconductor company Arm Holdings on Wednesday gave a fiscal third quarter sales outlook below Wall Street estimates, with the company attributing the forecast to a large deal that will likely land later than expected. Arm’s shares dove 7.7% to $50.17 in extended trading after the news. But the company, which sells designs and other intellectual property for creating computing chips that power most of the World’s mobile phones, also forecast fiscal full-year sales that beat Wall Street expectations, powered by a wave of companies designing new chips amid a boom in… Read More “Arm forecasts Q3 below Wall Street on deal delay, shares dive 7%”

By TheStreet + TAG Oil In the vast expanse of Egypt’s Western Desert, a hidden treasure of oil and gas resources lies in wait, largely untapped until now. The Badr oil field (BED-1) in the Western Desert holds the promising potential of more than 500 million barrels of oil initially in place within the unconventional heavy oil Abu Roash “F” (ARF) formation. This presents a remarkable opportunity for sophisticated high net worth investors and family offices seeking growth and diversification in the energy sector. TAG Oil (ticker TSXV: TAO, OTCQX: TAOIF), a pioneering company with a proven track… Read More “Revolutionizing Egyptian Oil Exploration”