Inside Sam Altman's Vision: How One Man is Shaping the Future of AI with OpenAI!
Sam Altman is not just building technology; he’s crafting the future. Discover how this visionary leader’s journey and innovative ideas are revolutionizing artificial intelligence and impacting our lives in unimaginable ways.
Trump Media to sell early access to key social posts
Trump Media to sell early access to key social postsImage source, Getty ImagesImage caption, US President Donald Trump. ByFrancisco VelasquezBusiness reporter Published1 minute agoTrump Media & Technology Group, which owns Truth Social, is launching a paid service to give Wall Street firms high-speed access to its most influential posts, though it is not clear if the paid service will include President Trump's posts.Launching 1 August, instant updates will be delivered from key accounts, it said...
Ocado chief says he won’t be a ‘puppet master’ amid apparent succession row
Tim Steiner speaks as shares in the online grocer slide nearly 15% on plunge in pre-tax profits to £17mBusiness live – latest updatesThe co-founder and boss of Ocado has insisted he has “no intention of being a puppet master” exerting control over its staff amid an apparent boardroom row over succession at the grocery technology company.Tim Steiner, who is to stand down as chief executive in 2028, suggested that any successor would be happy to work with him. Continue reading...
Billionaire spent half the year on superyacht to avoid property taxes
Innovative Microsoft engineer Charles Simonyi cleverly leveraged a bespoke superyacht to sidestep local taxation and stringent construction regulations. This mobile abode enabled him to traverse the globe while circumventing substantial property tax liabilities. His forward-thinking strategy predates ongoing discussions surrounding wealth taxation in high-levy regions. A trailblazer in digital technology and space tourism, he eventually acquired an even grander superyacht to enhance his aquatic...
US stocks today: Markets open in green despite Iran war tensions, oil price swings
US stock markets saw gains on Wednesday, driven by strong corporate earnings reports. Investors also reacted positively to recent inflation data, which showed a notable slowdown. This easing inflation reduced expectations for an imminent interest rate hike by the Federal Reserve. However, ongoing Middle East tensions kept global energy supply concerns elevated. Asian and European markets also posted gains, with technology shares leading the advance.
JPMorgan Chase on track to become world's first bank with a $1 trillion valuation
JPMorgan Chase is nearing a $1 trillion market valuation, a historic milestone for a bank. The lender's shares reached a record high after reporting its highest quarterly profit ever. Analysts expect dealmaking activity to remain strong through the rest of 2026. This achievement would place JPMorgan alongside major technology giants like Tesla and Meta. The bank's diversified business model and strong leadership contribute to its impressive performance.
IBM CEO's statement that wiped away $70 bn has added millions for cybersecurity firm
IBM CEO Arvind Krishna noted advanced AI concerns are causing companies to pause technology deals. Businesses are now rethinking cybersecurity spending priorities as AI evolves rapidly. IBM's preliminary second-quarter results missed Wall Street expectations, causing shares to fall. Cybersecurity stocks, however, surged as investors anticipated increased spending on protection. Krishna acknowledged IBM did not adapt quickly enough to market shifts.
Sensex jumps over 500 points, Nifty above 24,200: Top reasons driving stock market rally
Dalal Street experienced a strong rebound on Wednesday, reversing previous session losses. Improving tech sentiments and a firmer rupee boosted investor confidence significantly. Geopolitical developments and global cues also supported the market's upward movement. Foreign investors turned net buyers in July, contributing to the rally. Asian markets and technology stocks saw a notable rebound after US inflation data.
Workers enter ‘forever layoff’ era as firms cut jobs while hiring for AI
Microsoft and other tech giants are implementing frequent workforce reductions. These companies are simultaneously increasing investments in artificial intelligence technology. Many firms are reorganizing operations to adapt to the evolving technological landscape. This trend reflects a broader industry shift towards continuous workforce adjustments. Employees face uncertainty as businesses navigate AI integration and productivity demands.
Bill Gates' 2027 Predictions: Prepare to Be Shocked by His Vision for the Future!
Bill Gates is no stranger to making bold predictions, but his insights for 2027 will leave you questioning everything. From transformative technology to staggering economic shifts, discover the future through the eyes of one of the world’s wealthiest visionaries.
Jim Cramer Highlights SK Hynix's Pivotal Role in the Global Memory Chip Market
In a recent segment, Jim Cramer shed light on SK Hynix, a key player in the memory chip industry, discussing its influence on market trends and technology advancements. As the demand for memory chips surges, understanding SK Hynix's strategic importance becomes critical for investors and tech enthusiasts alike.
How can I get air conditioning in my home and how much does it cost?
How can I get air conditioning in my home and how much does it cost?Image source, Getty ImagesByMichael RaceBusiness reporterPublished28 minutes agoAs the UK experiences hotter summers and more regular heatwaves, households have been grappling with how to keep sweltering homes as cool as possible.Air conditioning has been in hot demand, with retailers seeing their stock fly off the shelves and units online sell out.The technology already features in many modern cars, hotels and other public plac...
US-Iran war impact: IMF lowers India’s GDP growth forecast marginally
According to the IMF, the global economy has so far avoided a steeper slowdown despite the war, as strong demand linked to the technology sector has helped offset the impact of reduced energy supplies caused by the conflict.
Deutsche Bank exec on AI & jobs: Slightly skewed by what economic history tells us
Jim Reid of Deutsche Bank sees AI boosting productivity significantly over time. He believes historical innovation shows technology ultimately creates more jobs. Businesses will need years to fully integrate AI for maximum benefits. Investors are watching AI infrastructure spending and semiconductor stock performance. Reid acknowledges potential market risks but points to long-term human innovation.
Kospi's AI party over? South Korean benchmark tumbles 7%, sell-side sidecar activated
South Korean stocks experienced a significant decline on Tuesday. Investors rushed to secure profits after strong earnings reports were released. Heavyweight technology stocks led the broad sell-off across the market. This sharp reversal followed a period of record highs driven by AI optimism. The market's heavy reliance on a few key companies contributed to the volatility.
Tech Stocks Surge as Nasdaq Leads Early Gains Amid Busy Trading Week
The Nasdaq Composite Index opened higher today, bolstered by positive momentum in tech stocks. Investors are gearing up for a week filled with key earnings reports from major technology companies.
'History points to downside': Michael Burry warns on Micron after Trump-linked donations
Renowned investor Michael Burry has initiated a short position against Micron Technology, citing 'historically extreme' stock valuations driven by AI hype and investor FOMO, not fundamentals. Despite a recent $250 million donation to a children's savings scheme, Burry warns of significant downside due to the memory chipmaker's cyclical nature and poor profitability metrics. This move aligns with his broader bearish outlook on AI semiconductor stocks.
AI will change the nature of jobs, create new ones: Citi CEO after tech layoffs
Citi CEO Jane Fraser revealed the bank is navigating two major AI races: integrating the technology into business models for revenue growth and adapting to its impact on jobs. While acknowledging job dislocations and changes in job nature, Fraser highlighted AI's potential to augment human capabilities. Citigroup recently laid off 3,500 tech roles in China as part of a broader global workforce reduction aimed at streamlining operations and boosting profitability.
Goldman Sachs economist on millions losing jobs to AI: They won’t be permanently wiped out
Goldman Sachs economist Joseph Briggs forecasts AI could displace 9% of the US workforce, around 15 million jobs, drawing parallels to past tech disruptions. While acknowledging job losses in sectors like tech and consulting, he emphasizes history shows technology creates more new roles than it destroys. MIT's Neil Thompson suggests AI adoption will be gradual, with partial automation being more common than outright job elimination.
Market wrap: Top gainers and losers on NSE Nifty50 and BSE Sensex today
Indian stock markets surged on Thursday, with Sensex and Nifty climbing nearly 1%. A significant rally in IT stocks, coupled with easing crude oil prices and positive India-Japan strategic agreements, boosted investor confidence. Despite some blue-chip weakness, the market extended its upward trend, driven by technology shares and optimism surrounding new economic and defence pacts.