More than 1,500 pages over three volumes. The private messages to, from and about Peter Mandelson published today are excruciating, as we knew they would be. They show those ostensibly close to Keir Starmer, like then-cabinet office minister Pat McFadden, agreeing with Mandelson’s sense that the PM does not know what he stands for, and nor do others around him. McFadden jokes that Labour backbench...
More than 1,500 pages over three volumes. The private messages to, from and about Peter Mandelson published today are excruciating, as we knew they would be. They show those ostensibly close to Keir Starmer, like then-cabinet office minister Pat McFadden, agreeing with Mandelson’s sense that the PM does not know what he stands for, and nor do others around him. McFadden jokes that Labour backbench MPs’ attitude is “who can we tax in order to pay benefits to others” - not good for his relations with the party. Mandelson said Starmer’s then-chief of staff Morgan McSweeney believed the PM’s political style to be “advance/buckle/advance/buckle.” Gordon Brown, appointed a few weeks ago as Starmer’s adviser, is accused of trying to destabilise the man he now works for. The list goes on. These messages reveal Mandelson being repeatedly dismissive and despairing of the PM he has possibly fatally damaged. Reading them, it is gob-smacking that he didn’t even try to be polite in private about someone he owed so much. Even by the standards of our time, Starmer’s fall from grace has been spectacular. Yesterday I stood at the bottom of my street in North London and watched the Arsenal parade. Out of the mist of red flares let off further up the street, these figures from our TV screens emerged atop their bus, their gleaming gold trophy above their heads. It was as near to watching a Roman triumph as we are ever going to get, minus elephants. Even my Liverpool-supporting son was stunned. Yet Starmer, Arsenal’s most prominent supporter, was nowhere to be seen. This would have been unthinkable two years ago. And the other thing that would be unthinkable then is the talk today of another general election. Twenty four months ago the nation was at the start of a campaign that appeared a shoo-in for Starmer. Rishi Sunak’s general election bid started in the pouring rain and got worse from there. We can debate whether Starmer’s ensuing lack of policy clarity since his victory - called ou...
Anthropic PBC has confidentially submitted draft paperwork for a public listing as it races longtime rival OpenAI to make a Wall Street debut as soon as this fall. “The number of shares to be offered and the price have not yet been set,” the company said in a blog post Monday. Anthropic, OpenAI and SpaceX are all moving ahead with listing plans to open a powerful channel for potential fundraising....
Anthropic PBC has confidentially submitted draft paperwork for a public listing as it races longtime rival OpenAI to make a Wall Street debut as soon as this fall. “The number of shares to be offered and the price have not yet been set,” the company said in a blog post Monday. Anthropic, OpenAI and SpaceX are all moving ahead with listing plans to open a powerful channel for potential fundraising. While funding in the private market has grown by leaps and bounds, a public listing gives the companies access to the widest possible range of investors. It also gives early backers and employees the ability to more easily monetize their stakes. Anthropic recently raised $65 billion in a funding round at a $965 billion valuation, including the investment, eclipsing rival OpenAI’s value for the first time. Anthropic has seen a surge in demand as customers look to use its tools to streamline coding and other tasks. Founded in 2021 by a group of former OpenAI employees, Anthropic has since emerged as a leader in the AI sector. Anthropic has developed a series of AI tools aimed at overhauling the way businesses handle tasks from coding to cybersecurity. Anthropic and rival OpenAI have been one-upping each other in recent months. Rival OpenAI itself was said to be preparing its own confidential filing for an initial public offering in the coming weeks and was targeting a public debut sometime in the fall, Bloomberg reported in May. Goldman Sachs Group Inc., JPMorgan Chase & Co. and Morgan Stanley are expected to be under consideration for key roles on Anthropic and OpenAI’s listings, people familiar with the matter have said. Getting out first could give Anthropic more attention and capital from a greater pool of investors.
Advanced Micro Devices (AMD) is back in focus after confirming that its next generation EPYC Venice data center CPUs are ramping on TSMC’s 2nm process, paired with a planned US$10b commitment to Taiwan’s AI supply chain. See our latest analysis for Advanced Micro Devices. The stock’s recent run has been sharp, with a 30 day share price return of 43.15% and a 90 day share price return of 170.28%, w...
Advanced Micro Devices (AMD) is back in focus after confirming that its next generation EPYC Venice data center CPUs are ramping on TSMC’s 2nm process, paired with a planned US$10b commitment to Taiwan’s AI supply chain. See our latest analysis for Advanced Micro Devices. The stock’s recent run has been sharp, with a 30 day share price return of 43.15% and a 90 day share price return of 170.28%, while the 1 year total shareholder return of 350.23% reflects strong momentum around AI and data...
Blue Origin's New Glenn rocket recently exploded during testing, creating new delays for Amazon.com's Project Kuiper satellite rollout. The setback raises questions about the pace and reliability of Amazon's satellite deployments compared with competitors in global broadband. At the same time, Amazon's satellite broadband unit, Amazon Leo, has secured key airline deals, including Delta Air Lines c...
Blue Origin's New Glenn rocket recently exploded during testing, creating new delays for Amazon.com's Project Kuiper satellite rollout. The setback raises questions about the pace and reliability of Amazon's satellite deployments compared with competitors in global broadband. At the same time, Amazon's satellite broadband unit, Amazon Leo, has secured key airline deals, including Delta Air Lines choosing it for in flight Wi Fi over SpaceX's Starlink. For investors watching NasdaqGS:AMZN at...
Every weekday, the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Monday's key moments. 1. Stocks opened lower Monday as oil prices climbed. "It's Iran that's controlling the opening," Jim said. Reports indicated that Iranian negotiators halted communications with the U.S., while U.S. Central Command said American forces intercepted two...
Every weekday, the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Monday's key moments. 1. Stocks opened lower Monday as oil prices climbed. "It's Iran that's controlling the opening," Jim said. Reports indicated that Iranian negotiators halted communications with the U.S., while U.S. Central Command said American forces intercepted two Iranian ballistic missiles targeting U.S. personnel in Kuwait. The rise in crude weighed on consumer and discretionary stocks, though strength in several technology names helped cushion the broader market. 2. Club holding Nvidia rose 4% Monday after CEO Jensen Huang unveiled a series of new AI initiatives at the Computex conference in Taiwan. The gains helped reverse Friday's slight decline, which Jim attributed to short-term trading dynamics rather than any deterioration in the company's fundamentals. Jim said Nvidia's push into PC processors reinforces the company's long-term growth story. "This is a paradigm shift," he said. Jim also argued that Nvidia's latest announcements show AI infrastructure spending is generating real returns. "Compute equals money," he said. Monday's rally, alongside gains in Club name Arm Holdings , strengthened his conviction that investors are beginning to refocus on Nvidia's next phase of growth. 3. Monday marked the first trading day for FedEx Freight following its spin from Club holding FedEx . Jim said the separation should unlock value for both companies over time. He argued FedEx Freight had been a "starved company" that lacked the resources it needed as management focused on the broader FedEx business. Meanwhile, Jim said FedEx can benefit from shedding what he described as a drag on the parent company. "FedEx itself will rally, because it doesn't have the hangover of this one particular company," Jim said. While he expects some volatility following the spinoff, Jim remains optimistic about the prospects for both businesses. FedEx Frei...
When the Steam Deck OLED launched three years ago, we were glad to see that the new, more brilliant screen fixed the biggest flaw of Valve's original handheld hardware. So we're unsurprisingly excited about today's announcement that Asus is preparing a new, OLED-equipped ROG Xbox Ally X20 for the coming holiday season. Still, it's a bit worrying that Asus is positioning the new upgrade as a niche ...
When the Steam Deck OLED launched three years ago, we were glad to see that the new, more brilliant screen fixed the biggest flaw of Valve's original handheld hardware. So we're unsurprisingly excited about today's announcement that Asus is preparing a new, OLED-equipped ROG Xbox Ally X20 for the coming holiday season. Still, it's a bit worrying that Asus is positioning the new upgrade as a niche collector's item rather than its new handheld gaming standard. The X20 expands the 7-inch screen found on last year's ROG Xbox Ally line to 7.4 inches, matching the display on the Steam Deck OLED and approaching the 7.9-inch screen on the Switch 2. The 1080p HDR panel also increases the maximum brightness from 500 nits on original Xbox Ally models to a full 1400 and adds some new anti-glare coating that should help when playing in direct sunlight. The X20's 120 Hz display now supports Dolby Vision HDR colors and FreeSync Premium Pro to help smooth frame rates while still providing a larger color gamut. On the control front, the X20 introduces magnetic TMR thumbsticks , replacing the carbon-film potentiometers that made the original Xbox Ally more prone to stick drift and physical wear. A new d-pad on the X20 also introduces a neat little lift-and-twist design that can transform it from a four-direction cross to a more circular eight-direction pad, similar to the convertible d-pad found on some now-classic Xbox 360 controllers . Read full article Comments
Nvidia has roiled the semiconductor sector with the launch of a PC chip. Nvidia late on Sunday unveiled its RTX Spark, which integrates Arm’s designs for a custom central-processing unit. Arm shares soared 18% to $417.20 on Monday, setting them up to notch a record closing high.
Nvidia has roiled the semiconductor sector with the launch of a PC chip. Nvidia late on Sunday unveiled its RTX Spark, which integrates Arm’s designs for a custom central-processing unit. Arm shares soared 18% to $417.20 on Monday, setting them up to notch a record closing high.
The state of Florida sued OpenAI and Chief Executive Officer Sam Altman , accusing the artificial intelligence company of ignoring safety warnings and releasing a product that is harmful to users. The lawsuit , filed Monday in state court, accuses OpenAI of violating product liability laws, and also raises negligence and deceptive and unfair trade practices claims. Florida is seeking civil penalti...
The state of Florida sued OpenAI and Chief Executive Officer Sam Altman , accusing the artificial intelligence company of ignoring safety warnings and releasing a product that is harmful to users. The lawsuit , filed Monday in state court, accuses OpenAI of violating product liability laws, and also raises negligence and deceptive and unfair trade practices claims. Florida is seeking civil penalties, and a court order for the company to stop collecting certain data from users under the age of 13 without parental consent. “Sam Altman and ChatGPT have chosen the AI race over the safety and security of kids,” Florida Attorney General James Uthmeier said during a press conference. “They have chosen profit over public safety. We’re not going to stand for it here in Florida.” The complaint appears to be the first of its kind filed by a state against OpenAI, although the ChatGPT maker is facing a series of lawsuits filed by individuals claiming a range of harms on children and adults alike. Some cite growing delusions with extended use, while others say it led to death by suicide and even murder-suicide . The new lawsuit filed by Florida is separate from a criminal probe initiated by the state in April over possible liability for the company after authorities said ChatGPT was used in a mass shooting at Florida State University. OpenAI has said it wasn’t responsible for the tragedy and said it is cooperating with the investigation. “This litany of harms is driven by defendants’ insatiable quest to win the AI arms race and amass large fortunes, despite knowing the danger of ChatGPT,” the state said in its lawsuit. “Left unabated, defendants’ conduct will continue to threaten the health and safety of Florida residents.” OpenAI did not immediately respond to a request for comment about the lawsuit. The company has denied wrongdoing in past litigation covering similar issues, maintaining that safety is a priority and that they have taken steps to improve ChatGPT’s training to r...