World
Generative AI startups get 40% of all VC investment in cloud amid ChatGPT buzz
Style-photography | Istock | Getty Images Generative artificial intelligence startups are getting 40% of all the venture capital funding that flows into cloud companies, according to venture investors Accel. In its latest annual Euroscape report, which looks at key cloud and AI trends, Accel said that venture funding for cloud startups based in the U.S., […]
Read More
LVMH falls 6% as third-quarter revenues drop; European markets trade lower
European markets traded lower Wednesday morning as global market sentiment took a turn for the worse. The pan-European Stoxx 600 index was down 0.2% early on in the trading session with the majority of sectors in negative territory. The FTSE 100 was up 0.8% at the open after the latest U.K. data showed the inflation […]
Read More
Hong Kong leader announces measures to address housing crisis in annual policy address
Hong Kong Chief Executive John Lee Ka-chiu delivers his annual policy address at the Legislative Council on Oct. 16, 2024 in Hong Kong. China News Service | China News Service | Getty Images Hong Kong chief executive John Lee announced moves aimed at addressing the city’s housing affordability crisis, calling it “an issue of great […]
Read More
Thai central bank unexpectedly cuts key rate by 25 basis points
Growing political pressure aside, Thailand’s weak economy adds to the case for the central bank to cut interest rates sooner rather than later, according to money managers. Bloomberg | Bloomberg | Getty Images Thailand’s central bank unexpectedly cut its key interest rate at a policy review on Wednesday, a move long called for by the […]
Read More
UK inflation falls sharply to 1.7%, below Bank of England’s target for first time in over three years
The Canary Wharf business district is seen in the distance behind autumnal leaves on October 09, 2024 in London, United Kingdom. Dan Kitwood | Getty Images News | Getty Images LONDON — Inflation in the U.K. dropped sharply to 1.7% in September, the Office for National Statistics said Wednesday. Economists polled by Reuters had expected […]
Read More
CNBC Daily Open: Bullish sentiment and broadening rally – markets are in a good place
Traders work on the floor of the New York Stock Exchange on April 5, 2024. Spencer Platt | Getty Images News | 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 are. […]
Read More
Why Big Tech is turning to nuclear to power its energy-intensive AI ambitions
The OpenAI app icon displayed along with other AI applications on a smartphone. Jonathan Raa | Nurphoto via Getty Images Technology giants are turning to nuclear energy to power the energy-intensive data centers needed to train and run the massive artificial intelligence models behind today’s generative AI applications. Microsoft and Google are among the firms […]
Read More
Citi names ‘underappreciated’ AI stock as a top pick — giving it 25% upside
Citi has named Pegasystems one of its new top picks, citing an “underappreciated” artificial intelligence story and attractive valuation. The Wall Street bank has set a target price of $92 for Pegasystems, representing a potential 25% upside from its current trading price of around $73.50. Pegasystems, an enterprise software firm, has seen its stock price […]
Read More
The solid-state batteries hype is fading – prompting auto giants to consider alternatives
Car batteries at a factory in Nanjing in China’s eastern Jiangsu province. Str | Afp | Getty Images PARIS, France — The push to commercialize solid-state batteries for electric vehicles (EVs) is well underway, but analysts say auto giants could be on the cusp of turning to a different kind of transformative science. Solid-state batteries […]
Read More
Trump PAC has raised about $7.5 million in crypto donations since early June
(L to R) Eric Trump, former US President and Republican presidential candidate Donald Trump and Donald Trump, Jr. attend a remembrance ceremony on the 23rd anniversary of the September 11 terror attack on the World Trade Center at Ground Zero, in New York City on September 11, 2024. Adam Gray | Afp | Getty Images […]
Read More