This is the early stage of the biggest tech transformation in decades, says Goldman's Brook Dane
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Fox News
13 minutes ago
- Fox News
Fox News AI Newsletter: Your own personal 'superintelligence'
IN TODAY'S NEWSLETTER: - Zuckerberg wants to give everyone their own personal superintelligence through Meta's new vision- Nvidia denies 'backdoors' in chips after China raises security concerns- Microsoft joins exclusive $4T market cap club after AI surge, joining only one other company AI FOR ALL: Meta CEO Mark Zuckerberg on Wednesday announced the tech giant will focus on developing a personal superintelligence for everyone, which will further enable creative and leisurely pursuits. PUSHING BACK: Tech giant Nvidia said on Thursday that its chips do not contain any "backdoors" that would allow others to remotely access or control them, following concerns from China over the security of the company's H20 artificial intelligence chip. EXCLUSIVE CLUB : Microsoft touched $4 trillion in market cap Thursday, joining Nvidia as the only two companies to reach this level. REGULATORY RECALL: The Trump administration's DOGE developed a new tool that leverages artificial intelligence (AI) to review federal regulations for potential elimination, according a new report. ROBOT RAMPAGE: A jaw-dropping video showing a Unitree H1 humanoid robot flailing violently during a test has captured the internet's attention and sparked a new wave of concern about the safety of advanced robotics. DIGITAL DOCTOR BOOM: A growing number of Americans are now using artificial intelligence to manage their health and wellness. DIGITAL DECEPTION: Two U.S. judges in separate federal courts scrapped their rulings last week after lawyers alerted them to filings that contained inaccurate case details or seemingly "hallucinated" quotes that misquoted cited cases — the latest in a string of errors that suggest the growing use of artificial intelligence in legal research and submissions. DIGITAL TAKEOVER: OpenAI just took a big leap forward with artificial intelligence. ChatGPT agent acts as more than just a chatbot; it serves as a real assistant that takes action on your behalf. We're talking about planning trips, managing your email, making dinner reservations, summarizing long reports, and even running code, all with your permission. TECH POWER PLAY: Artificial intelligence is no longer a niche tool for tech labs or science-fiction thrillers. It's now the battleground where the future of American power, prosperity, and freedom will be decided. With the release of "Winning the AI Race: America's AI Action Plan," the Trump administration is rightfully treating this moment as the 21st-century equivalent of the space race or the nuclear age. ROBOT ON WHEELS: Walking up to your car and seeing it recognize you, light up with a digital smile and respond to your voice used to be something only seen in TV shows and movies. DIGITAL POWER DRAIN: If your electricity bill seems shockingly high, you're not imagining it. A big part of the spike is being driven by rising artificial intelligence electricity demand. FOLLOW FOX NEWS ON SOCIAL MEDIA FacebookInstagramYouTubeTwitterLinkedIn SIGN UP FOR OUR OTHER NEWSLETTERS Fox News FirstFox News OpinionFox News LifestyleFox News Health DOWNLOAD OUR APPS Fox NewsFox BusinessFox WeatherFox SportsTubi WATCH FOX NEWS ONLINE STREAM FOX NATION Stay up to date on the latest AI technology advancements and learn about the challenges and opportunities AI presents now and for the future with Fox News here.
Bloomberg
30 minutes ago
- Bloomberg
Fear of Stock Market Dive Creeps Back as Hedging Costs Climb
With tariff and economic jitters dragging the S&P 500 Index down 1.8% for its worst day since April, a look at the options market suggests fear of a downturn remains. Stocks seesawed throughout the session on Friday as investors dumped everything from Big Tech to energy and financial shares. The catalyst? July job growth came in weaker than expected, heightening concerns that President Donald Trump's sweeping tariffs are beginning to weigh more heavily on the economy. The Cboe Volatility Index, known as Wall Street's fear gauge, jumped to nearly 20 — a level that typically signals mounting market stress.
Yahoo
an hour ago
- Yahoo
Broadcom Inc. (AVGO)'s CEO Is 'A Tough Guy,' Says Jim Cramer
We recently published . Broadcom Inc. (NASDAQ:AVGO) is one of the stocks Jim Cramer recently discussed. While Cramer has stopped discussing Broadcom Inc. (NASDAQ:AVGO) in his recent morning appearances, it is still one of his favorite stocks in the chip sector. The firm has enjoyed investor attention in today's AI-led market due to its ability to design chips that could help meet the shortage of NVIDIA's AI GPUs. This time, he discussed Broadcom Inc. (NASDAQ:AVGO) CEO, Hock Tan, and the stock's performance: 'It's the AI-related chips that are on fire today. . .Broadcom's moving up again. That's a giant company. Let's again speak of the stock market rather than Sweden's gonna do, what's happening in Sweden. The stock market is reacting incredibly positively to stuff and there are people who don't want to react to it or think that somehow those points aren't valuable. I think they're crazy. We're having a good rally. electronics-6055226_1280 '[On stock being up 92%] That's Hock Tan. He's doing a fantastic job. My charitable trust owns that because a lot of it is that we met Hock Tan, when I was in San Francisco. I think he's not nearly as respected as he should be. He's a tough guy. In that industry, a lot of tough guys.' While we acknowledge the potential of AVGO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
