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Sam Altman showed up at Morgan Stanley’s tech conference in San Francisco last week.The event was closed to the public and the media.Morgan Stanley analysts just summarized some of what was discussed.OpenAI CEO Sam Altman showed up to Morgan Stanley’s tech conference last week. The event was closed to the…
Paloma Partners told investors this past fall it would take time to meet $1.2 billion in redemptions.It’s pulling $600 million from hedge funds it’s backed, including the quant firm Aquatic Capital.The $1.7 billion hedge fund has struggled with performance, gaining just 2.5% in 2024.The multistrategy hedge fund Paloma Partners is…
Carmakers won’t evenly be impacted by President Trump’s tariffs against Mexico and Canada.Some US companies rely heavily on Mexico or Canada to produce and import their cars.Even those with a strong US presence, such as Tesla and Rivian, will still feel the effects.For American automakers, the consequences of President Donald…
Auquan was founded in 2018 by Chandini Jain, a former analyst and derivatives trader.It launched an AI product in late 2023 that can automate research work usually done by analysts.It has since inked deals with UBS, Blue Owl Capital, and T. Rowe Price.The wave of fintechs building autonomous agents for…
Wildfires have torn through Los Angeles, destroying homes and displacing residents.Major Hollywood productions have paused shooting.They include “Fallout,” one Amazon’s biggest hits last year, and “Grey’s Anatomy.”As the Los Angeles wildfires continue to tear through swathes of the city, Hollywood has responded by pausing multiple TV and film productions.As of…
Starbucks’ largest workers’ union announced that it would strike in three major cities on Friday.The Starbucks Workers United union said that stores in Los Angeles, Chicago, and Seattle would participate.The union said it was protesting Starbucks’ unfair labor practices and low wages.Starbucks’ largest workers union announced that it would go…
By Maki Shiraki TOKYO (Reuters) – Honda (NYSE:) and Nissan (OTC:) are moving towards a closer tie-up with talks of setting up a holding company, a source said, in the clearest sign yet of reorganisation in Japan’s auto industry in response to immense challenges posed by Tesla (NASDAQ:) and Chinese…
“Wicked” adapts the first half of the Broadway musical of the same name.Starring Cynthia Erivo and Ariana Grande, it was a massive undertaking with a reported $160 million budget.Here are some of the behind-the-scenes details and stories that were part of the making of the film.Warning: Some “Wicked” spoilers ahead.”Wicked,”…
Hugging Face’s CEO predicts the first major AI protest and market disruptions in 2025.Clement Delangue also said AI advancements could halve a major company’s market cap.His other predictions include China leading the AI race, driven by open-source model developments.While people are preparing their New Year’s resolutions, one AI company CEO…
AWS announced plans for an AI supercomputer, UltraCluster, with Trainium 2 chips at re:Invent.AWS may be able to reduce reliance on Nvidia by developing its own AI infrastructure.Apple said it’s using Trainium 2 chips for Apple Intelligence.Matt Garman, the CEO of Amazon Web Services, made several significant new AWS announcements…
