Month: July 2024
China is leading on GenAI experimentation, but lags U.S. in implementation, survey shows
An artificial intelligence concept displaying a business man working with a virtual display Busakorn Pongparnit | Moment | Getty Images Chinese companies are leading the way in the experimentation of generative AI, but they’re still behind the U.S. when it comes to full implementation, according to a new survey. The survey — by AI analytics […]
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Stock futures are little changed after S&P 500 notches another record close: Live updates
Traders work on the floor of the New York Stock Exchange. NYSE Stock futures were little changed on Wednesday afternoon after the S&P 500 notched a fresh record close. Futures connected to the Dow Jones Industrial Average dipped 9 points or 0.02%. S&P 500 futures and Nasdaq-100 futures climed 0.05% and 0.15% respectively. Wall Street […]
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Microsoft reportedly drops its observer seat on OpenAI board amid regulatory scrutiny
Jaap Arriens | Nurphoto | Getty Images Microsoft reportedly said that it would give up its observer seat on the OpenAI board amid regulatory scrutiny into generative artificial intelligence in Europe and the U.S. Microsoft’s Deputy General Counsel Keith Dolliver wrote a letter to OpenAI late Tuesday, according to multiple media reports, saying that the […]
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CNBC Daily Open: Fed’s Powell says high rates could hurt growth
Traders work on the floor of the New York Stock Exchange on April 26, 2023 in New York City. Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they […]
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An investment banker quit her job to become a YouTuber and now makes over $1 million
Nischa Shah was an investment banker for a decade, before becoming a full-time content creator. Nischa Shah Personal finance YouTuber Nischa Shah quit her six-figure investment banking job to become a full-time content creator — and it was a gamble that paid off. After working in banking for a decade, Shah became an associate director […]
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‘Blowout’ in French borrowing costs still to come amid economic deadlock, veteran investor says
French borrowing costs still face a “blowout” over those of Germany, as political and economic reality sets in following the country’s parliamentary election, according to veteran investor David Roche. However, former European Central Bank chief Jean-Claude Trichet told CNBC he believes that, despite current uncertainty, a “coalition of ideas” will form to break any deadlock. […]
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Locusts in your noodles? Singapore approves 16 insect species as food
Silkworm chrysalis. Dukai Photographer | Moment | Getty Images From locusts to superworms to honey bees, Singapore has approved 16 species of insects for human consumption. “With immediate effect, SFA will allow the import of insects and insect products belonging to species that have been assessed to be of low regulatory concern,” the Singapore Food […]
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‘Don’t get tired’: Samsung Electronics workers extend strike indefinitely, say chip production disrupted
Members of the National Samsung Electronics Union stage a rally as they begin a three-day general strike outside the company’s foundry and semiconductor factory in Hwaseong on July 8, 2024. Jung Yeon-je | Afp | Getty Images Workers at South Korean tech giant Samsung Electronics will extend an unprecedented strike over pay and benefits “indefinitely,” […]
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China’s inflation numbers miss expectations, rising 0.2% in June
Consumers are shopping at a supermarket in Qingzhou, China, on June 12, 2024. Nurphoto | Nurphoto | Getty Images BEIJING — China’s consumer price inflation rose by 0.2% in June from a year ago, missing expectations, while producer prices fell in-line with forecasts, data from the National Bureau of Statistics on Wednesday showed. China’s consumer […]
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CNBC Daily Open: Powell says high rates threaten growth
Traders work on the floor of the New York Stock Exchange (NYSE) on February 27, 2023 in New York City. Spencer Platt | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they […]
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