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AI Star Leopold Aschenbrenner Built A $45 Billion Hedge Fund. Weeks Later It Has Been Forced To Unwind Bets
The hedge fund founded by former OpenAI researcher Leopold Aschenbrenner is rapidly unwinding many of its public stock positions after suffering steep losses tied to artificial intelligence investments and...
Chipmakers Are Soaring After a Days-Long Rout. Micron, Lam And Sandisk Jump
Chip stocks are soaring on Thursday as they rebound from a days-long rout, boosted by Microsoft's positive results.CNBC noted that Lam Research jumped 20% and is on track for...
Robinhood’s Prediction Market Had a Record Quarter. Its Stock Is Dropping Anyway After Its Earnings
Robinhood's stock is falling on Thursday even though the company reported rapid growth in its prediction market area.The company's shares are falling 2.67% at 10:53 a.m. ET. They have...
Microsoft’s Massive AI Spending Is Paying Off. Its Stock Is Soaring
Microsoft's massive investment in artificial intelligence infrastructure appears to be paying off, easing investor concerns that the tech giant was spending too aggressively without generating enough returns.The company reported...
Meta Is Building AI Faster Than Ever. Wall Street Is Skeptical About The Payoff And Its Stock Is Tanking
Meta Platforms is asking investors to look beyond today's cash flow and focus on what it believes will become one of the world's largest artificial intelligence businesses.The company raised...
Treasury Yields Stay Near Decades-High After Fed Pause. Long-Term Borrowing Costs Still Under Pressure
U.S. Treasury yields held near recent highs Thursday as investors digested the Federal Reserve's latest interest rate decision and awaited fresh inflation data that could shape expectations for the...
The Federal Reserve Just Changed How It Talks About The Economy. Here’s What’s Different Under Kevin Warsh
The Federal Reserve offered investors another glimpse into its new communication strategy on Wednesday, releasing the second Federal Open Market Committee statement under Chairman Kevin Warsh.While the central bank...
More Americans Are Buying Groceries With Credit Cards. The Long-Term Cost Could Be Painful
Financial experts say the trend can become particularly costly when balances are carried from month to month. Freepik More working-age Americans are relying on credit cards to pay for...
‘Cognitive Surrender’ Isn’t Just Affecting Employees, But Whole Organizations Too
Researchers at the Wharton School have coined the term "cognitive surrender" to describe the tendency to accept artificial intelligence (AI) outputs without scrutiny.Now, experts are also warning this phenomenon...
A Major Crypto Firm Is Backing The Clarity Act. It Says The U.S. Is Losing Ground In The Industry
Digital Currency Group (DCG), one of the cryptocurrency industry's largest investment firms, has urged the U.S. Senate to pass the Clarity Act, arguing that continued delays in establishing clear...
Microsoft’s AI Business Keeps Accelerating. Meta’s Profit Miss Shakes Investor Confidence And Its Stock Plunges
Microsoft and Meta Platforms delivered sharply different messages to investors Wednesday as the two technology giants reported quarterly earnings under intense scrutiny over their multibillion-dollar artificial intelligence investments.The reports,...
