On Dec. 11, 2015, OpenAI launched as a nonprofit research lab after Elon Musk and a group of prominent techies, including Peter Thiel and Reid Hoffman, pledged $1 billion to develop artificial intelligence for the benefit of humanity. The idea was for the project to be be free of commercial pressur...
Costco reported better-than-expected quarterly results on Thursday, driven by higher net sales, membership fee income, and gross margins. However, it wasn't enough to break the bearish narrative on the stock, which dipped less than 1% in the after-hours market. Total revenue in the company's fiscal...
On Wednesday, Oracle told investors that it would ramp up capital expenditures in the current fiscal year to $50 billion from an earlier forecast of $35 billion because of new contracts from the likes of Meta and Nvidia . That's not the only way the software giant plans to supply robust computing p...
MSTR YTD mountain Strategy's year-to-date stock performance. Strategy : \"I think you should just own Bitcoin. I don't want any derivative of Bitcoin, I just want Bitcoin.\" BNS YTD mountain Bank of Nova Scotia's year-to-date stock performance. Bank of Nova Scotia : \"It's very good company.\" ASTS...
President Donald Trump signed an executive order Thursday issuing a single regulation framework for artificial intelligence, undermining the power of individual states. \"To win, United States AI companies must be free to innovate without cumbersome regulation,\" the order says. \"But excessive Sta...
CNBC's Jim Cramer on Thursday explained why he's fairly positive on Magnum Ice Cream Company , which made its Wall Street debut earlier this week after spinning off from consumer giant Unilever . \"We finally, by the grace of God — or at least, the grace of Unilever — have a pure play ice cream sto...
The Federal Reserve on Thursday reappointed 11 of its 12 regional bank presidents, ending a mini-drama at the central bank in a move that came a bit earlier than usual. By unanimous vote , the seven governors kept in place a cast of officials that also includes first vice presidents at the branches...
The Indiana Senate on Thursday overwhelmingly voted down a bill to redraw the state's congressional districts to favor Republicans, in a major blow to President Donald Trump . The bill failed in a 19-31 vote, with most Republicans joining Democrats to oppose the measure that Trump had aggressively ...
