Google DeepMind Veteran Raises $1.1 Billion For AI That Doesn't Train On Human Data Authored by Jason Nelson via decrypt.io , In brief DeepMind veteran David Silver raised $1.1 billion for his new startup Ineffable Intelligence at a $5.1 billion valuation. Silver says reinforcement learning, not large language models, is the best path to superintelligence. The startup aims to build AI “superlearne...
Google DeepMind Veteran Raises $1.1 Billion For AI That Doesn't Train On Human Data Authored by Jason Nelson via decrypt.io , In brief DeepMind veteran David Silver raised $1.1 billion for his new startup Ineffable Intelligence at a $5.1 billion valuation. Silver says reinforcement learning, not large language models, is the best path to superintelligence. The startup aims to build AI “superlearners” that learn through simulations and self-play. David Silver, the DeepMind scientist behind AlphaGo’s historic 2016 win over world Go champion Lee Sedol, has raised $1.1 billion to launch a startup betting that the next era of AI won’t come from today’s dominant technology. Image: Shutterstock/Decrypt Silver’s company, Ineffable Intelligence, launched in January at a $5.1 billion valuation and is betting on reinforcement learning, a method where AI systems improve through trial and error . Silver argues that approach, rather than the large language models now dominating the field, offers a more credible route to superintelligence. “ I think of our mission as making first contact with superintelligence, ” Silver told Wired . “By superintelligence, I really mean something incredible. It should discover new forms of science or technology or government or economics for itself. ” Popularized by philosopher Nick Bostrom in his 2014 book “Superintelligence,” the term refers to AI that surpasses human intelligence across nearly all domains, while artificial general intelligence, or AGI , describes systems capable of matching human-level reasoning across a wide range of tasks. Silver argues that large language models are fundamentally limited because they learn from human-generated data, instead of building their own understanding through experience. “ Human data is like a kind of fossil fuel that has provided an amazing shortcut ,” he said. “You can think of systems that learn for themselves as a renewable fuel—something that can just learn and learn and learn forever, without li...
President Donald Trump speaks to the media before boarding Marine One on the South Lawn of the White House on April 16, 2026. Anna Moneymaker | Getty Images President Donald Trump on Friday said he is not satisfied with a new offer from Iran to end a two-month-old war with the United States and Israel. "Iran wants to make a deal, but I'm not satisfied with it," Trump told reporters at the White Ho...
President Donald Trump speaks to the media before boarding Marine One on the South Lawn of the White House on April 16, 2026. Anna Moneymaker | Getty Images President Donald Trump on Friday said he is not satisfied with a new offer from Iran to end a two-month-old war with the United States and Israel. "Iran wants to make a deal, but I'm not satisfied with it," Trump told reporters at the White House. "Iran wants to make a deal because they have no military left." Earlier Friday, Pakistani officials in Islamabad who have been involved in mediating peace talks between the U.S. and Iran confirmed to MS NOW that Iran sent them an updated proposal to end the war, which they had sent to American officials. This is breaking news. Please refresh for updates. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
watch now VIDEO 2:32 02:32 President Trump: Increasing tariffs on EU for cars and trucks to 25% next week Money Movers President Donald Trump said he would increase tariffs charged to the European Union for cars and trucks to 25%, without saying what authority he would use to raise the levies. "Based on the fact the European Union is not complying with our fully agreed to Trade Deal, next week I w...
watch now VIDEO 2:32 02:32 President Trump: Increasing tariffs on EU for cars and trucks to 25% next week Money Movers President Donald Trump said he would increase tariffs charged to the European Union for cars and trucks to 25%, without saying what authority he would use to raise the levies. "Based on the fact the European Union is not complying with our fully agreed to Trade Deal, next week I will be increasing Tariffs charged to the European Union for Cars and Trucks coming into the United States," he wrote on Truth Social on Friday. "The Tariff will be increased to 25%. It is fully understood and agreed that, if they produce Cars and Trucks in U.S.A. Plants, there will be NO TARIFF." The Supreme Court ruled in February that a large part of Trump's tariff agenda was illegal. The president's "reciprocal" tariffs were invoked using a novel reading of the International Emergency Economic Powers Act, or IEEPA, but the high court said in a 6-3 majority that the law that undergirds those import duties "does not authorize the President to impose tariffs." Shortly after the Supreme Court ruling, Trump said he signed an executive order imposing a new 10% "global tariff" rate to effectively replace the IEEPA duties, though those tariffs came with a 150-day time limit under Section 122 of the Trade Act of 1974. He then said he would increase the global rate to 15% . The EU in February had warned that its trade deal with the U.S. could be in jeopardy after the new tariff rate was announced and postponed its planned vote on the agreement. The Trump administration last year broadly implemented 25% tariffs on vehicles and certain auto parts imported into the U.S., citing national security risks under Section 232. Those levies are still in place. The European automakers that could most be impacted by a change in tariff rate would be Mercedes, BMW and Volkswagen , which import a large percentage of the vehicles they sell in the U.S. from their plants in Europe. Choose CNBC as yo...
In the six months since a ceasefire was announced in Gaza, more than 800 civilians have been killed and living conditions have remained dire. Meanwhile, Palestinians in the West Bank face a surge in violence from Israeli settlers and soldiers. While the world’s attention has turned to the war in Iran, is there any end to the suffering in sight? Annie Kelly speaks to the Guardian’s chief Middle Eas...
In the six months since a ceasefire was announced in Gaza, more than 800 civilians have been killed and living conditions have remained dire. Meanwhile, Palestinians in the West Bank face a surge in violence from Israeli settlers and soldiers. While the world’s attention has turned to the war in Iran, is there any end to the suffering in sight? Annie Kelly speaks to the Guardian’s chief Middle East correspondent, Emma Graham-Harrison Continue reading...
Trump Says Spirit Airlines Rescue Still In Review, Final Proposal Coming Summary: Trump says Spirit received the final proposal for the lifeline deal WSJ reported that bankrupt Spirit Airlines was preparing to shutter operations President Trump comments on Spirit Airlines: TRUMP: GAVE SPIRIT FINAL PROPOSAL TRUMP SAYS US STILL LOOKING AT SPIRIT, WILL GIVE FINAL PROPOSAL TRUMP SAYS TRYING TO HELP SP...
Trump Says Spirit Airlines Rescue Still In Review, Final Proposal Coming Summary: Trump says Spirit received the final proposal for the lifeline deal WSJ reported that bankrupt Spirit Airlines was preparing to shutter operations President Trump comments on Spirit Airlines: TRUMP: GAVE SPIRIT FINAL PROPOSAL TRUMP SAYS US STILL LOOKING AT SPIRIT, WILL GIVE FINAL PROPOSAL TRUMP SAYS TRYING TO HELP SPIRIT, CITING JOBS TRUMP SAYS WILL HAVE SOMETHING ON SPIRIT TODAY OR TOMORROW WSJ Reports Spirit Airlines Prepares To Shutter Operations The Wall Street Journal reports that bankrupt Spirit Airlines is preparing to wind down operations after failing to secure a $500 million lifeline from the Trump administration. WSJ reports: The ailing budget airline had been hoping to finalize a $500 million lifeline from the government before running out of cash. The discount carrier hasn't been able to get sufficient support between certain bondholders and the government to secure the funding to keep it in business, people familiar with the matter said. News last week raised hopes that Spirit would secure a rescue deal of up to $500 million from the Trump administration, which could have left the federal government with 90% control. A reporter asked Trump last week: "Is the government going to buy a stake in Spirit Airlines?" The president responded: "So we are looking at Spirit. It's in bankruptcy court. And we're looking, if we could get it for the right price..." Polymarket odds: US takes a stake in Spirit Airlines by May 31? US takes a stake in Spirit Airlines by May 31? Yes 19% · No 81% View full market & trade on Polymarket Spirit Airlines shutdown/liquidation by May 31? Spirit Airlines shutdown/liquidation by May 31? Yes 79% · No 22% View full market & trade on Polymarket Tyler Durden Fri, 05/01/2026 - 12:39
Israeli foreign ministry denounce ‘shameful act’ after footage shows man pushing woman to the ground and kicking her A video of an attack on a French Catholic nun and archeological researcher in Jerusalem has caused widespread revulsion and has been denounced as a “shameful act” by Israel’s foreign ministry. In the video, a man runs up behind the nun as she walks down a street and pushes her over ...
Israeli foreign ministry denounce ‘shameful act’ after footage shows man pushing woman to the ground and kicking her A video of an attack on a French Catholic nun and archeological researcher in Jerusalem has caused widespread revulsion and has been denounced as a “shameful act” by Israel’s foreign ministry. In the video, a man runs up behind the nun as she walks down a street and pushes her over with force, so that the victim comes close to hitting her head on a block of stone. After walking away a few paces, the attacker, who appears to be Jewish, returns to kick the nun as she lay on the ground and only stops when a passerby intervenes. Continue reading...
Goldman Sachs (NYSE:GS) added UnitedHealth Group (NYSE:UNH) stock to its U.S. Conviction List, reiterating a Buy rating with a $435 price target. The firm argues UnitedHealth is nearing the bottom of its underwriting cycle in Medicare Advantage (MA), which represents 40% of its business. The Conviction List is reserved for Goldman’s highest-conviction Buy ideas. UnitedHealth ... Goldman Sachs Adds...
Goldman Sachs (NYSE:GS) added UnitedHealth Group (NYSE:UNH) stock to its U.S. Conviction List, reiterating a Buy rating with a $435 price target. The firm argues UnitedHealth is nearing the bottom of its underwriting cycle in Medicare Advantage (MA), which represents 40% of its business. The Conviction List is reserved for Goldman’s highest-conviction Buy ideas. UnitedHealth ... Goldman Sachs Adds UnitedHealth to Its Conviction List: Is the Managed Care Comeback Real?
President Donald Trump on Friday is slated to give a speech about his efforts to lower taxes and other costs, as analysts predict defeats for his party in November’s midterm elections in large part due to voters’ affordability concerns.
President Donald Trump on Friday is slated to give a speech about his efforts to lower taxes and other costs, as analysts predict defeats for his party in November’s midterm elections in large part due to voters’ affordability concerns.
NongAsimo The State Street Real Estate Select Sector SPDR ETF ( XLRE ) closed at 44.39, down -0.02% on the day. The ETF has shown a 10.01% price return YTD, outperforming the S&P 500 ( SP500 ), which has a YTD price return of 5.31%. XLRE carries a risk grade of D+ with a short interest of 3.48% as a percentage of shares outstanding. Short interest in micro-cap ($300M) and small-cap ($300M-$2B) rea...
NongAsimo The State Street Real Estate Select Sector SPDR ETF ( XLRE ) closed at 44.39, down -0.02% on the day. The ETF has shown a 10.01% price return YTD, outperforming the S&P 500 ( SP500 ), which has a YTD price return of 5.31%. XLRE carries a risk grade of D+ with a short interest of 3.48% as a percentage of shares outstanding. Short interest in micro-cap ($300M) and small-cap ($300M-$2B) real estate and mortgage REITs shows notable divergence, with some stocks seeing high SI while others have relatively low levels. Here’s a breakdown of the most and least shorted stocks in the real estate and mortgage REIT sectors: Top 5 most shorted real estate and mortgage REITs as of April: La Rosa Holdings ( LRHC ); Short Interest: 48.18% Arbor Realty Trust ( ABR ); Short Interest: 23.79% New Concept Energy ( GBR ); Short Interest: 19.44% JBG SMITH Properties ( JBGS ); Short Interest: 16.64% Presidio Property Trust ( SQFT ); Short Interest: 15.05% Top 5 least shorted real estate and mortgage REITs as of April: Sachem Capital ( SACH ); Short Interest: 0.53% Granite Point Mortgage Trust ( GPMT ); Short Interest: 0.53% Strawberry Fields ( STRW ); Short Interest: 0.55% Ohmyhome ( OMH ); Short Interest: 0.57% Five Point ( FPH ); Short Interest: 0.59% This week, mortgage rates have risen following three consecutive weeks of decline. According to the latest Freddie Mac Primary Mortgage Survey, 30-year fixed-rate mortgages averaged 6.30% as of April 30, up from 6.23% last week but still lower than the year-ago level of 6.76%, reported an SA analyst . This slight rise could impact investor sentiment and market positioning in both sectors. As for the analyst sentiment, XLRE has a sell rating from SA analysts with an average rating of 2.00, while the quantitative rating suggests a hold with a 2.69. Here are some other notable XLRE REIT ETFs that investors may want to track: iShares Select US REIT ETF ( ICF ), iShares US Real Estate ETF ( IYR ), iShares Core US REIT ETF ( USRT ), Vang...
Galeanu Mihai/iStock via Getty Images Traders on prediction markets are scaling back bets on a U.S. recession this year as optimism grows that the Iran conflict may be nearing an end. That's on top of strong corporate earnings. Kalshi’s recession market showed an 18.2% chance Friday, dropping to below the 20% threshold after weeks of elevated readings driven in large part by high energy ( USO ) ( ...
Galeanu Mihai/iStock via Getty Images Traders on prediction markets are scaling back bets on a U.S. recession this year as optimism grows that the Iran conflict may be nearing an end. That's on top of strong corporate earnings. Kalshi’s recession market showed an 18.2% chance Friday, dropping to below the 20% threshold after weeks of elevated readings driven in large part by high energy ( USO ) ( BNO ) ( UNG ) prices from the war. The move comes as the stock market ( SPY ) ( VOO ) advanced to a new intraday record high as Wall Street looked to kick off the month of May on an optimistic note, with oil prices retreating after Iran reportedly submitted its response via Pakistani mediators to the latest U.S. amendments to a draft deal to end the Middle East war. In addition, earnings season kept going strong as Apple ( AAPL ) turned in better-than-expected results for fiscal Q2, as the iPhone 17 line continued to impress consumers. Kalshi Dear readers: We recognize that politics often intersects with the financial news of the day, so we invite you to click here to join the separate political discussion. More on the U.S. Economy and Markets 3 Market Predictions For May Bears Run Scared After Wednesday Earnings Blowout Median Household Income In March 2026 Stocks rise to fresh record highs as May trading starts with oil falling Inflation approval slump adds policy pressure: BofA
In this article AAPL Follow your favorite stocks CREATE FREE ACCOUNT CHENGDU, CHINA - MARCH 18: Apple CEO Tim Cook attends a special event marking Apple's 50th anniversary at the Apple Taikoo Li Chengdu store on March 18, 2026 in Chengdu, Sichuan Province of China. VCG | Getty Images Apple shares jumped more than 4% on Thursday, headed for the sharpest rally since August, after the iPhone maker re...
In this article AAPL Follow your favorite stocks CREATE FREE ACCOUNT CHENGDU, CHINA - MARCH 18: Apple CEO Tim Cook attends a special event marking Apple's 50th anniversary at the Apple Taikoo Li Chengdu store on March 18, 2026 in Chengdu, Sichuan Province of China. VCG | Getty Images Apple shares jumped more than 4% on Thursday, headed for the sharpest rally since August, after the iPhone maker reported better-than-expected quarterly results and issued revenue guidance for the current period that sailed past analysts' estimates. CEO Tim Cook , who is preparing to step down in September after 15 years at the helm, touted the company's performance in the face of significant supply constraints due largely to the global memory crunch. The company said revenue in the fiscal third quarter, which ends in June, will increase between 14% and 17% from a year earlier, while analysts were projecting growth of 9.5%. Apple is seeing continued demand from the iPhone 17 family, which Cook called the "most popular lineup in our history," as well as for a number of Mac models. In March, Apple released a lower-cost computer called the MacBook Neo, and Cook said late Wednesday that customer response "has just been off the charts, with higher-than-expected demand." Analysts sought clarity from Cook, who said the company would "look at a range of options" to address soaring memory costs, a trend the CEO only sees intensifying. Investors didn't get a lot of answers, but were mostly unconcerned. Read more CNBC tech news Apple CEO Cook warns of extended memory crunch: 'We'll look at a range of options' Japan Airlines to trial humanoid robots at Tokyo's Haneda airport to load baggage Tech stocks post best month since start of Covid pandemic in 2020 Intel's stock more than doubles in April for best month in chipmaker's 55 years on Nasdaq "That does create some risk, but after last night's results, we feel much better about Apple's ability to manage margins" than previously expected, wrote ana...
bymuratdeniz/iStock via Getty Images Overview My last look at NovoCure Limited ( NVCR ) was in February. It came just after the company dropped some bad news. The CMS had revoked the company's billing privileges for its products retroactive to December 17, 2025. It did file a corrective action plan, which was expected to see billing privileges reinstated. So, I didn't think this had much of an imp...
bymuratdeniz/iStock via Getty Images Overview My last look at NovoCure Limited ( NVCR ) was in February. It came just after the company dropped some bad news. The CMS had revoked the company's billing privileges for its products retroactive to December 17, 2025. It did file a corrective action plan, which was expected to see billing privileges reinstated. So, I didn't think this had much of an impact. I also did a discounted cash flow analysis on NovoCure and determined that its valuation implied expectations for 8% CAGR and 8% free cash flow margin. While I've been bearish on NovoCure in the past, since the stock was down 26% since my previous write-up, I thought that the negative reaction to the revocation may have been a bit extreme. I also thought that the company's valuation appeared reasonable. Although I was still a bit cautious about NovoCure's ability to expand its tumor-treating field technology beyond glioblastoma. I upgraded NovoCure stock to Hold, and its stock has since risen over 50%. Data by YCharts Yesterday, specifically, its stock rose 27% following its Q1 2026 earnings report. In the article that follows, I take a closer look to see if recent developments are signs of a turnaround or just a "sigh of relief." Recent Developments To put a bow on the CMS revocation issue, it looks like NovoCure resolved this on February 24 per a press release dated February 26. So, as predicted, the revocation didn't have much impact on NovoCure at all. The same press release also reported NovoCure's fourth quarter and full-year 2025 financial results, in which it recorded $655 million in full-year 2025 revenue and $174 million in fourth-quarter revenue. The net loss for the quarter was $24.5 million, and NovoCure ended the year with $447.7 million in cash and investments. Management guided full-year 2026 for total net revenues between $675 million and $705 million and adjusted EBITDA between negative $20 million and $0 million. In its first quarter 2026 results tha...
3dan3/iStock via Getty Images Since my last Advanced Micro Devices, Inc. ( AMD ) analysis , in which I issued a Buy rating, the stock has gained 75% in price. Since my Strong Buy in May 2025 (which I have owned AMD intermittently from, actually maximizing returns through sentiment positioning), the total uninterrupted long return through buy-and-hold would have been about 250%. Not bad. But now, w...
3dan3/iStock via Getty Images Since my last Advanced Micro Devices, Inc. ( AMD ) analysis , in which I issued a Buy rating, the stock has gained 75% in price. Since my Strong Buy in May 2025 (which I have owned AMD intermittently from, actually maximizing returns through sentiment positioning), the total uninterrupted long return through buy-and-hold would have been about 250%. Not bad. But now, while in 2025 sentiment looked underwhelming and the equity was undervalued, the opposite is true today. AI fervor has taken hold, and investors and traders are all trying to get in on the action. These are Absolutely Monster Dynamics, after all. The greatest investors and traders know when to let the suckers play and the pro goes home. The table is becoming more and more egregious here with rules that don't make any sense. We are in "momentum land." How AMD is valued from here is anyone's guess. The long-term fundamental trajectory is up, but we've likely got at least 1.5 years of growth already priced in here and maybe even 2. Any logical allocator will trim at this juncture, let some momentum run, but not hold semis as core positions. Unless you are playing some other kind of sentiment-momentum game, but that's not what I do. I value trade on fundamentals and sentiment, not one over the other. Better entry points probably lay ahead. Q1 Earnings Preview: Long-Term Fundamental Growth In Sight, But I'm Focused On Valuation Apparently valuation doesn't matter to some investors. They say, "if the company is growing, valuation is irrelevant." It's a strategy that is likely to deliver some terrible losses eventually unless the portfolio is run on statistical price algorithms or exit strategies are genius. I am concerned that if one "rides waves" with no concern of fundamental intrinsic value, then trying to predict a short (downtrend) phase and getting it wrong could be a bit of a disaster. It's a messy strategy to my mind, and I prefer to simply own businesses with strong growt...
3dan3/iStock via Getty Images Since my last Advanced Micro Devices, Inc. ( AMD ) analysis , in which I issued a Buy rating, the stock has gained 75% in price. Since my Strong Buy in May 2025 (which I have owned AMD intermittently from, actually maximizing returns through sentiment positioning), the total uninterrupted long return through buy-and-hold would have been about 250%. Not bad. But now, w...
3dan3/iStock via Getty Images Since my last Advanced Micro Devices, Inc. ( AMD ) analysis , in which I issued a Buy rating, the stock has gained 75% in price. Since my Strong Buy in May 2025 (which I have owned AMD intermittently from, actually maximizing returns through sentiment positioning), the total uninterrupted long return through buy-and-hold would have been about 250%. Not bad. But now, while in 2025 sentiment looked underwhelming and the equity was undervalued, the opposite is true today. AI fervor has taken hold, and investors and traders are all trying to get in on the action. These are Absolutely Monster Dynamics, after all. The greatest investors and traders know when to let the suckers play, and the pro goes home. The table is becoming more and more egregious here with rules that don't make any sense. We are in “momentum land.” How AMD is valued from here is anyone's guess. The long-term fundamental trajectory is up, but we've likely got at least 1.5 years of growth already priced in here and maybe even 2. Any logical allocator will trim at this juncture, let some momentum run, but not hold semis as core positions. Unless you are playing some other kind of sentiment-momentum game, but that's not what I do. I value trade on fundamentals and sentiment, not one over the other. Better entry points probably lie ahead. Q1 Earnings Preview: Long-Term Fundamental Growth In Sight, But I'm Focused On Valuation Apparently, valuation doesn't matter to some investors. They say, “If the company is growing, valuation is irrelevant.” It's a strategy that is likely to deliver some terrible losses eventually unless the portfolio is run on statistical price algorithms or exit strategies are genius. I am concerned that if one “rides waves” with no concern for fundamental intrinsic value, then trying to predict a short (downtrend) phase and getting it wrong could be a bit of a disaster. It's a messy strategy to my mind, and I prefer to simply own businesses with strong gr...
Berkshire Hathaway's ( BRK.B ) ( BRK.A ) new CEO, Greg Abel, will take center stage on Saturday at the investment behemoth's annual meeting after it releases Q1 earnings, as legendary investor Warren Buffett assumes a lower-profile role. Before the meeting, though, investors will get a look at the size of the company's pile of cash. As of Dec. 31, 2025, its cash, cash equivalents, and short-term s...
Berkshire Hathaway's ( BRK.B ) ( BRK.A ) new CEO, Greg Abel, will take center stage on Saturday at the investment behemoth's annual meeting after it releases Q1 earnings, as legendary investor Warren Buffett assumes a lower-profile role. Before the meeting, though, investors will get a look at the size of the company's pile of cash. As of Dec. 31, 2025, its cash, cash equivalents, and short-term securities stood at $373.3B. That could be whittled down slightly after the company resumed stock buybacks in Q1. Investors, too, will be focused on the insurance unit’s Q1 results after the business’s underwriting segment saw a 54% Y/Y drop in operating earnings in Q4, and its insurance investment income fell 25%. The consensus for Berkshire's operating earnings is $11.1B, according to Visible Alpha, compared with $10.2B in Q4. Its insurance operations' premiums earned are expected to be stable. The company has been prioritizing profit rather than market share in the insurance sector. The Visible Alpha consensus for the company's premiums earned is $22.4B, compared with $22.5B in Q4 2025. For GEICO, the consensus for premiums earned is $11.4B, the same as it reported in Q4 2025. (The Q4 2025 numbers were calculated by subtracting nine-month 2025 figures from the full-year results.) “We see BRK as vulnerable to macro uncertainty, near-term earnings pressure at GEICO, Insurance Investment Income, and BNSF, and the emerging management succession risk (which will probably impact investors’ view of Berkshire more than it will actual operations) as Warren Buffett steps back from his role as CEO,” Keefe, Bruyette & Woods analyst Meyer Shields wrote in a note to clients last month. Stockholders will be closely watching the results and how seamlessly Abel takes over from Buffett as CEO. The legendary investor still reigns over the board as its chairman and hasn’t completely stepped back from decision-making. His successor, though, has the final say on investment decisions, as Buffet...