China’s Ministry of Industry and Information Technology found a severe security backdoor in the AI programming tool Claude Code. The tool can transmit sensitive information, such as user location and identity markers, back to remote servers without user consent. The ministry advised users to investigate and upgrade their software versions immediately. NEWS SUMMARY
China’s Ministry of Industry and Information Technology found a severe security backdoor in the AI programming tool Claude Code. The tool can transmit sensitive information, such as user location and identity markers, back to remote servers without user consent. The ministry advised users to investigate and upgrade their software versions immediately. NEWS SUMMARY
There are, however, a few much higher numbers out there for investors to consider. Analyst John Godyn rates shares Buy with a $200 price target, but his bull case is much higher. “We believe this [$200] price target is a milestone along the path to $900-plus, which becomes realistic assuming key engineering achievements are demonstrated at scale,” he wrote earlier this week.
There are, however, a few much higher numbers out there for investors to consider. Analyst John Godyn rates shares Buy with a $200 price target, but his bull case is much higher. “We believe this [$200] price target is a milestone along the path to $900-plus, which becomes realistic assuming key engineering achievements are demonstrated at scale,” he wrote earlier this week.
Joe Raedle/Getty Images News Graham Platner is exiting the U.S. Senate race in Maine following a sexual assault allegation, forcing the Democratic Party to find his replacement to face incumbent Sen. Susan Collins (R-ME) in the November midterm election. Maine is considered a key state for control of the narrowly divided Senate. Progressive Democrats had promoted populist Platner over Maine Gov. J...
Joe Raedle/Getty Images News Graham Platner is exiting the U.S. Senate race in Maine following a sexual assault allegation, forcing the Democratic Party to find his replacement to face incumbent Sen. Susan Collins (R-ME) in the November midterm election. Maine is considered a key state for control of the narrowly divided Senate. Progressive Democrats had promoted populist Platner over Maine Gov. Janet Mills, who was favored by the Democratic establishment but quit the race in April. Platner's former girlfriend accused him of sexually assaulting her in 2021, an allegation he said was false. In a video posted on social media, Platner said the decision to end his campaign was not an admission of guilt but was due to Democrat leaders' threats to block campaign support. He added that the process to replace him must be "open, transparent and democratic" and needs to reflect the will and values of people who supported him. Platner faced several controversies during his campaign, including his older offensive Reddit posts and a now-covered tattoo recognized as a Nazi symbol. Democrats have until July 27 to replace Platner on the ballot, which could be complicated by the growing divide between the party's moderate and progressive factions. Former Maine Senate President Troy Jackson has filed paperwork to launch a U.S. Senate exploratory committee. Jackson said Platner's campaign messaging on issues like Medicare for all and workers' rights over corporate interests aligns with his values. More on U.S. government Midterms Can Be The Main Catalyst On H2 Trump allies target Fed governors in renewed reshaping push Sen. Warren calls for stronger crypto law after Trump's financial disclosure Thune sees window closing for crypto oversight bill ahead of midterms
Life's becoming increasingly expensive. That's the big takeaway from the U.S. Bureau of Labor Statistics' measure of May's inflation. Led by higher energy costs, consumer prices were up a hefty 4.2% year over year, rising at a pace last seen in April 2023. Prices are expected to remain similarly elevated for the foreseeable future too. And it's not just in the U.S. Inflation is up on worldwide as ...
Life's becoming increasingly expensive. That's the big takeaway from the U.S. Bureau of Labor Statistics' measure of May's inflation. Led by higher energy costs, consumer prices were up a hefty 4.2% year over year, rising at a pace last seen in April 2023. Prices are expected to remain similarly elevated for the foreseeable future too. And it's not just in the U.S. Inflation is up on worldwide as well. It's a problem for the global economy, of course, and in particular, a risk to credit card lenders. Consumers here and abroad are racking up more and more credit card debt, not because rising income is giving them the confidence to splurge, but because they increasingly need to finance life's basic needs like groceries. For perspective, the Federal Reserve reports credit card debt among U.S. borrowers ended the first quarter at a near-record $1.25 trillion, up 5.9% from the year-earlier comparison. Cracks are starting to show too -- some modest and some not. One of the not-modest red flags is the fact that an 18-year high 13.2% of credit card accounts are now at least 90 days delinquent on their payments. Continue reading
While temperatures have been scorching across much of the U.S., AI chip stocks have cooled off, with the sector facing increased selling pressure this summer. The dip appears largely centered on concerns that AI infrastructure spending could slow. However, hyperscalers have largely indicated that their capital expenditures will only increase next year, and Bank of America recently projected that w...
While temperatures have been scorching across much of the U.S., AI chip stocks have cooled off, with the sector facing increased selling pressure this summer. The dip appears largely centered on concerns that AI infrastructure spending could slow. However, hyperscalers have largely indicated that their capital expenditures will only increase next year, and Bank of America recently projected that worldwide, cloud and AI data center capex will jump by 40% to 50% year over year to around $1.5 trillion in 2027. With data center infrastructure spending still booming, this pullback could be a great chance to scoop up these three AI semiconductor stocks . Nvidia (NASDAQ: NVDA) remains the king of AI infrastructure, and following the pullback, it trades at just 15 times analysts' estimated earnings for its fiscal 2028 (which ends in January 2028). That's a bargain for a company that is still delivering rapid revenue growth, including 85% growth last quarter. Continue reading
Frank Brennan IBM ( IBM ) said it has brought major updates, including new multi-agent capabilities, to its agentic software development platform IBM Bob. The updates also include built-in AI cost and use analytics and pre-built, specialized workflows for modernizing enterprise systems. The U.S. tech giant said that Bob matches models to tasks, coordinates AI execution across agents, and provides ...
Frank Brennan IBM ( IBM ) said it has brought major updates, including new multi-agent capabilities, to its agentic software development platform IBM Bob. The updates also include built-in AI cost and use analytics and pre-built, specialized workflows for modernizing enterprise systems. The U.S. tech giant said that Bob matches models to tasks, coordinates AI execution across agents, and provides organizations with visibility into productivity, quality, performance, and cost via the newly launched Bobalytics to help enterprises optimize AI at scale. "The bar for enterprise AI is no longer a better coding assistant. It's an end-to-end agentic development partner that works inside any system development teams already use, with the governance, security, and cost controls enterprises require. We built Bob to solve the problems enterprises actually have, and the updates we're announcing today are the foundation for everything that comes next," said Neel Sundaresan, GM, Automation and AI, at IBM. More on IBM IBM's Big AI Move Warrants Attention, But Not An Upgrade IBM: Slow, Steady With Room For Multiple Expansion (Rating Upgrade) IBM's Next Big Tailwind Has Arrived (Rating Upgrade) Supermicro partners with Red Hat, Everpure to simplify edge AI deployments Rapidus plans to establish its 2nm foundry process at or less than TSMC's pricing