The economy is slowing but inflation remains persistent, the Reserve Bank of Australia stated today. The cash rate is now 4.60 per cent, the highest since 2011. Mortgages are about to become even more expensive, the RBA announced today as it bumped the cash rate 25 basis points 4.60 per cent – the highest the […]
Oracle’s stock price plummeted over 4% on Thursday, erasing billions in value after Bloomberg first reported the company sent a “force majeure” notice to the developer of a massive data center in New Mexico, a legal move to attempt to shield itself from having to make payments should the project fail.
Oura is taking its smart-ring business public, seeking to raise up to $2.2 billion by offering 50 million shares at $40 to $44 apiece after reporting 74% year-over-year revenue growth.
Nike shares dipped slightly early Monday morning after a rough weekend, including an apology for a Converse ad that critics said evoked racist imagery and the loss of one of its biggest advertising stars, though its stock price is still down from last week.
Cathie Wood, one of the world’s most famous tech investors, told Australian media that an Anthropic researcher’s warning AI could lead to humanity’s extinction is “ridiculous.” But there is investment opportunity amid the fear generated, she says.
The slump in AI stocks follows calls for a slowdown in advanced AI development from the leaders of Anthropic, OpenAI and SpaceXAI.
Leaders in artificial intelligence have called for a slowdown to AI development amid fears the technology could lead to human extinction.
Meta’s shares jumped over 5% on Wednesday morning after the company launched an AI agent that can send emails, book trips and make payments.
Nvidia CEO Jensen Huang said Hugging Face would remain an “open platform for the entire AI ecosystem.”
Uber’s stock price rose slightly after the announcement on Wednesday.