Justin Sullivan/Getty Images News Meta ( META ) is facing a new lawsuit in the U.S. over privacy concerns of its AI smart glasses, TechCrunch reported on Thursday, following an investigative report by Swedish newspapers that said workers at a Kenya-based subcontractor are reviewing footage from Meta’s glasses, which includes sensitive content, like nudity, sex, and people using the toilet. The U.S...
Justin Sullivan/Getty Images News Meta ( META ) is facing a new lawsuit in the U.S. over privacy concerns of its AI smart glasses, TechCrunch reported on Thursday, following an investigative report by Swedish newspapers that said workers at a Kenya-based subcontractor are reviewing footage from Meta’s glasses, which includes sensitive content, like nudity, sex, and people using the toilet. The U.S. lawsuit, filed by Clarkson Law Firm, alleges that Meta violated privacy laws and engaged in false advertising. The suit charges Meta and its glasses manufacturing partner Luxottica of America ( ESLOF ) with conduct that violates consumer protection laws. Meta claimed it was blurring faces in images, but sources told the Swedish newspapers that the blurring did not work consistently. The investigative report also prompted the U.K. regulator, the Information Commissioner’s Office, to further probe the matter. "Ray-Ban Meta glasses help you use AI, hands-free, to answer questions about the world around you. Unless users choose to share media they’ve captured with Meta or others, that media stays on the user’s device," Meta spokesperson Christopher Sgro told TechCrunch . "When people share content with Meta AI, we sometimes use contractors to review this data for the purpose of improving people’s experience, as many other companies do. We take steps to filter this data to protect people’s privacy and to help prevent identifying information from being reviewed." More on Meta Meta: Time To Sit On The Fence (Downgrade) Meta Platforms, Inc. (META) Presents at Morgan Stanley Technology, Media & Telecom Conference 2026 Transcript Meta Platforms: The Growth Machine That Keeps On Giving Meta to allow rival AI chatbots on WhatsApp following EU scrutiny Tech sector volatility creates ‘interesting time to step in’ – Evercore’s Mahaney
Worsening health is only part of the reason for the concerning rise in young people who are neither studying nor working Launching a review into unemployment and economic inactivity among young people in December, the former health secretary Alan Milburn described the situation as a “national outrage”, and suggested that a “coalition of the concerned” would be needed to turn things around for the ...
Worsening health is only part of the reason for the concerning rise in young people who are neither studying nor working Launching a review into unemployment and economic inactivity among young people in December, the former health secretary Alan Milburn described the situation as a “national outrage”, and suggested that a “coalition of the concerned” would be needed to turn things around for the 16- to 24-year-olds known as Neets (not in education, employment or training). The latest figures, showing another increase in the final quarter of last year, to 957,000, underline the scale of the problem. The review is evidence that ministers are paying attention. The “youth guarantee” in the autumn budget means that £820m will be spent on paid work placements for 18- to 21-year-olds. But further bold reforms are needed if young adults are to be enabled to flourish. Do you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please click here . Continue reading...
Mak Studio/iStock Editorial via Getty Images Southwest Airlines Co. ( LUV ) is one of the most interesting broken-model stories in the US. The airline, once a low-cost disruptor that nearly reinvented the economics of air travel in the 1960s, is now attempting to restructure its business model. While the company's operational and financial performance has yet to show definitive signs of sustainabl...
Mak Studio/iStock Editorial via Getty Images Southwest Airlines Co. ( LUV ) is one of the most interesting broken-model stories in the US. The airline, once a low-cost disruptor that nearly reinvented the economics of air travel in the 1960s, is now attempting to restructure its business model. While the company's operational and financial performance has yet to show definitive signs of sustainable improvement, the stock reached a pre-pandemic peak of around $55 per share early last month before being knocked back 15% to $47 by the Middle East crisis in the past few days (see below, compared to the broad airline sector, in orange). Data by YCharts Today, I ask whether LUV is a stock worth betting on at current levels. Below, I will argue that, while expectations for improved business fundamentals may lead to a large leap forward in earnings as soon as this year, valuations have already raced to where the market believes the puck is heading, effectively shutting the gate to value investors. Nothing Wrong With The Airline Sector In my recent American Airlines ( AAL ) article, I explained in more detail my views on the airline sector at large, which is heavily swayed by macroeconomic forces: Airline revenues are somewhat reliably predicted by a few leading indicators of economic activity, in the following order of importance: jobless claims (a reflection of the strength in the US job market), consumer expectations of future business conditions (a barometer of travelers' confidence in what lies ahead for the economy), and building permits (likely more of a broad gauge of economic strength rather than something travel-specific). Based on the stability of the leading indicators above, I believe that we are in the middle or middle-to-late stages of the economic cycle. Therefore, I find it most likely that occupancy and prices will remain largely stable, at least over the next four quarters, assuming that nothing significant changes in the economy—for example, the negative ...
Bond options traders are increasingly betting that the Federal Reserve will forgo any rate cuts this year, as an intensifying conflict in the Middle East boosts oil prices and threatens to push up inflation. Traders as of Wednesday were pricing in a 25% chance that the Fed will hold the benchmark interest rates within the current range by December, according to data compiled by the Atlanta Fed . T...
Bond options traders are increasingly betting that the Federal Reserve will forgo any rate cuts this year, as an intensifying conflict in the Middle East boosts oil prices and threatens to push up inflation. Traders as of Wednesday were pricing in a 25% chance that the Fed will hold the benchmark interest rates within the current range by December, according to data compiled by the Atlanta Fed . That’s up from 17% on Friday, the last trading day before the Iran war kicked off. The no-cut scenario was the single most likely outcome among all the possibilities. Other scenarios included a 24% chance of one quarter-point cut and 12% for two reductions, according to the Atlanta Fed. Traders even saw a 16% chance of rate hikes, up from 8% on Friday. The data is calculated based on options on Secured Overnight Financing Rate (SOFR) futures , which are tied to the Fed policy rate. “When the price of oil spiked, we have to think about its impact on inflation,” said Dan Carter , a senior portfolio manager at Fort Washington Investment Advisors. “This is going to impact inflation in the upward direction and makes it less likely that the Fed is going to be able to cut.” Of course, the overall distribution still leans toward rate cuts, when all the possible scenarios are combined. But the shift in pricing shows how traders have grown far less confident that the Fed will be able to lower borrowing costs at all, as crude oil climbed almost 20% so far this week. Options flows in the last few days show consistent demand for hedges against the risks of less Fed easing. The market for interest-rate swaps — another instrument used to bet on Fed policy — also reflects a shift toward a less dovish central bank. Traders are pricing in about 35 basis points of rate cuts by year-end, compared with about 60 basis points at the end of last week. The tempering of Fed cut expectations sparked a Treasuries selloff in recent days, lifting yields to the highest levels in several weeks. That marks ...
What happened According to a filing with the U.S. Securities and Exchange Commission dated February 17, 2026, Encompass Capital Advisors LLC acquired 21,504,901 additional shares of T1 Energy (TE 4.22%). The estimated value of this transaction, based on the average closing price during the quarter, was $94.89 million. The quarter-end value of the position rose by $204.24 million, reflecting both t...
What happened According to a filing with the U.S. Securities and Exchange Commission dated February 17, 2026, Encompass Capital Advisors LLC acquired 21,504,901 additional shares of T1 Energy (TE 4.22%). The estimated value of this transaction, based on the average closing price during the quarter, was $94.89 million. The quarter-end value of the position rose by $204.24 million, reflecting both the purchase and changes in the stock’s price. What else to know This buy increased the stake to 9.53% of the fund’s reportable U.S. equity assets as of December 31, 2025. Top holdings after the filing: NYSE: TE: $112.20 million (5.4% of AUM) NYSE: SOC: $121.67 million (5.0% of AUM) NYSE: SEI: $117.66 million (4.8% of AUM) NASDAQ: FANG: $112.20 million (4.6% of AUM) NASDAQ: NESR: $111.24 million (4.5% of AUM) As of February 17, 2026, shares of T1 Energy were priced at $6.44, up 211.1% over the past year, outperforming the S&P 500 by 200.71 percentage points. Company overview Metric Value Price (as of market close February 17, 2026) $6.44 Market capitalization $970.40 million Revenue (TTM) $399.68 million Net income (TTM) ($557.99 million) Company snapshot T1 Energy produces and sells lithium-ion battery cells for stationary energy storage, electric mobility, and marine applications, primarily serving European and international markets. It operates a vertically integrated business model, generating revenue through the design, manufacturing, and sale of proprietary battery cell solutions. The company targets OEMs and industrial customers seeking advanced energy storage technologies for mobility, grid, and marine sectors. T1 Energy is a Luxembourg-based manufacturer specializing in lithium-ion battery cells, with a focus on energy storage and electrification markets. The company leverages advanced design and manufacturing capabilities to serve a diverse set of industrial and mobility clients globally. What this transaction means for investors The purchase of 21.5 million shares...
drserg/iStock Editorial via Getty Images Oracle ( ORCL ) has plans to reduce its workforce by thousands of employees due in part to its immense spending on expanding data center capacity for artificial intelligence, according to Bloomberg. The layoffs are expected to span across multiple divisions of the enterprise software and cloud network provider and could be implemented as soon as this month,...
drserg/iStock Editorial via Getty Images Oracle ( ORCL ) has plans to reduce its workforce by thousands of employees due in part to its immense spending on expanding data center capacity for artificial intelligence, according to Bloomberg. The layoffs are expected to span across multiple divisions of the enterprise software and cloud network provider and could be implemented as soon as this month, the report said. Some staff reductions will be aimed at positions that could be replaced with AI, according to people familiar with the issue. In early February, Oracle revealed that it expects to raise $45B to $50B in 2026 to build additional capacity for its cloud infrastructure business. Oracle said it is raising money to build additional capacity to meet the contracted demand from its largest Oracle Cloud Infrastructure customers, including AMD ( AMD ), Meta ( META ), NVIDIA ( NVDA ), OpenAI ( OPENAI ), TikTok ( BDNCE ), and xAI ( X.AI ). "This is expected to include an initial issuance of mandatory convertible preferred securities, representing a modest portion of the overall equity funding, as well as a newly authorized at-the-market equity program of up to $20B," the company said. Earlier this week, Oracle made an internal announcement that it planned to begin reviewing many of its job listings to see if they were all absolutely necessary, the report said. Oracle plans to release its third quarter fiscal 2026 results on Tuesday, March 10. The company has failed to produce revenue higher than the consensus estimate for eight of its last 10 quarterly financial reports. Seeking Alpha reached out to Oracle for comment. More on Oracle Oracle: A Look At The 6.6% Yielding Preferred Shares Oracle: Shares A Hold Even As Upside Potential Exists Oracle: This Capitulation Has Gone Too Far Oracle's outlook on cloud, AI, likely to be a key for investors: Evercore OpenAI's massive funding round should benefit Microsoft, Oracle: BNP
drserg/iStock Editorial via Getty Images Oracle ( ORCL ) has plans to reduce its workforce by thousands of employees due in part to its immense spending on expanding data center capacity for artificial intelligence, according to Bloomberg. The layoffs are expected to span across multiple divisions of the enterprise software and cloud network provider and could be implemented as soon as this month,...
drserg/iStock Editorial via Getty Images Oracle ( ORCL ) has plans to reduce its workforce by thousands of employees due in part to its immense spending on expanding data center capacity for artificial intelligence, according to Bloomberg. The layoffs are expected to span across multiple divisions of the enterprise software and cloud network provider and could be implemented as soon as this month, the report said. Some staff reductions will be aimed at positions that could be replaced with AI, according to people familiar with the issue. In early February, Oracle revealed that it expects to raise $45B to $50B in 2026 to build additional capacity for its cloud infrastructure business. Oracle said it is raising money to build additional capacity to meet the contracted demand from its largest Oracle Cloud Infrastructure customers, including AMD ( AMD ), Meta ( META ), NVIDIA ( NVDA ), OpenAI ( OPENAI ), TikTok ( BDNCE ), and xAI ( X.AI ). "This is expected to include an initial issuance of mandatory convertible preferred securities, representing a modest portion of the overall equity funding, as well as a newly authorized at-the-market equity program of up to $20B," the company said. Earlier this week, Oracle made an internal announcement that it planned to begin reviewing many of its job listings to see if they were all absolutely necessary, the report said. Oracle plans to release its third quarter fiscal 2026 results on Tuesday, March 10. The company has failed to produce revenue higher than the consensus estimate for eight of its last 10 quarterly financial reports. Seeking Alpha reached out to Oracle for comment. More on Oracle Oracle: A Look At The 6.6% Yielding Preferred Shares Oracle: Shares A Hold Even As Upside Potential Exists Oracle: This Capitulation Has Gone Too Far Oracle's outlook on cloud, AI, likely to be a key for investors: Evercore OpenAI's massive funding round should benefit Microsoft, Oracle: BNP
Amazon is continuing its workforce reductions, cutting at least 100 white-collar jobs in its robotics unit this week, according to a new report. The affected division designs robots and other automation systems used primarily in Amazon warehouses, two people familiar with the matter told Reuters. "We regularly review our organizations to make sure teams are best set up to innovate and deliver for ...
Amazon is continuing its workforce reductions, cutting at least 100 white-collar jobs in its robotics unit this week, according to a new report. The affected division designs robots and other automation systems used primarily in Amazon warehouses, two people familiar with the matter told Reuters. "We regularly review our organizations to make sure teams are best set up to innovate and deliver for our customers," Amazon said in a statement without specifying the number of jobs cut. DESPITE POSTING RECORD REVENUE YEAR ACROSS ALL DIVISIONS The move adds to a series of large-scale layoffs announced over the past year. In January, the company cut around 16,000 jobs and signaled at the time that additional reductions could follow. TRUMP BRINGS BIG TECH EXECUTIVES TO WHITE HOUSE TO CURB POWER COSTS FOR AMERICAN HOUSEHOLDS AMID AI BOOM That same month, Amazon halted development of a robotic arm known as Blue Jay that it demonstrated at an event in October. Blue Jay featured multiple robotic arms that could grab several items at once and was designed to help workers in smaller spaces. Beginning with a round of about 14,000 white-collar layoffs in October, Amazon has eliminated roughly 30,000 corporate roles, citing efficiency gains from artificial intelligence and broader cultural changes. The cuts represented nearly 10% of its white-collar workforce, though the majority of Amazon's approximately 1.5 million employees are hourly workers, particularly in warehouses known as fulfillment centers. CLICK HERE TO GET FOX BUSINESS ON THE GO In addition to the broader cuts in October and January, Amazon over the past year has pared a smaller number of jobs in its devices and services, books, podcasts and public relations units, among others.
is a reporter focusing on film, TV, and pop culture. Before The Verge, he wrote about comic books, labor, race, and more at io9 and Gizmodo for almost five years. Today, Netflix announced that it has acquired InterPositive, Ben Affleck’s AI company that specializes in tools for film and television production. The deal will see all 16 of InterPositive’s current team of engineers and researchers mov...
is a reporter focusing on film, TV, and pop culture. Before The Verge, he wrote about comic books, labor, race, and more at io9 and Gizmodo for almost five years. Today, Netflix announced that it has acquired InterPositive, Ben Affleck’s AI company that specializes in tools for film and television production. The deal will see all 16 of InterPositive’s current team of engineers and researchers move over to Netflix. Affleck is also set to join the streamer as a senior advisor. In a statement about the acquisition and his reasons for founding InterPositive in 2022, Affleck said he was inspired to get into the tech space after “observing the early rise of AI in production” and finding many of the tools lacking. Affleck felt that he “had a responsibility to [his] peers and our industry, to protect the power of human creativity and the people behind it.” And he thinks that Netflix’s history of “applying and scaling technology responsibly” makes them the ideal partner to take InterPositive to the next level. “I wanted to build a workflow that captures what happens on a set, with vocabulary that matched the language cinematographers and directors already spoke and included the kind of consistency and controls they would expect,” Affleck explained. Unlike AI models designed to generate visual outputs based on text, InterPositive’s tech is focused on ingesting dailies (raw footage from in-progress productions) and creating assets that can then be incorporated into the post-production process. In a video with Netflix’s chief technology officer Elizabeth Stone and head content officer Bela Bajaria, Affleck said that using InterPositive’s customized models can enable filmmakers to more effectively mix, color correct, and develop special effects for their projects. The models can be used to manipulate backgrounds, reframe shots, and edit out visual elements like stunt wires that shouldn’t be visible. Affleck says that this can all be done more quickly and easily using his compan...
Key Points Neither XRP nor Cardano are very safe as far as investments go. XRP's blockchain is in active use for real economic purposes. Cardano's blockchain is still trying to find people who want to use it. 10 stocks we like better than XRP › If you're looking to invest $1,000 into a somewhat less-than-safe crypto investment, assets like XRP (CRYPTO: XRP) and Cardano (CRYPTO: ADA) are probably o...
Key Points Neither XRP nor Cardano are very safe as far as investments go. XRP's blockchain is in active use for real economic purposes. Cardano's blockchain is still trying to find people who want to use it. 10 stocks we like better than XRP › If you're looking to invest $1,000 into a somewhat less-than-safe crypto investment, assets like XRP (CRYPTO: XRP) and Cardano (CRYPTO: ADA) are probably on your radar already. But which one of the pair is going to help your hard-earned cash grow the most? To me, there's a very clear answer. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » XRP is performing a real job already XRP is a coin that's essentially a medium of exchange with a blockchain, the XRP Ledger (XRPL). XRPL is itself catered to the needs of financial institutions that want to streamline the performance of certain everyday tasks like international money transfers, among many others. For its investment thesis to play out, there thus needs to be a steady inflow of capital from those institutions, as well as some proof that the capital is being put to work on the ledger. Inflows and on-chain activity become higher value for holders because transaction costs must be paid in XRP, and wallets on the network must be funded with some XRP in order to continue existing. With that set of criteria in mind, the XRPL processed 2.4 million transactions on Feb. 25, across 13,508 active accounts. It also had $416 million in stablecoins parked on its chain, which indicates that there's a real base of capital to tap for liquidity and various financial tasks. So, XRP obviously has some traction already. If its issuer, Ripple, continues to develop its platform technology, it's reasonable to expect that it'll get at least a bit more traction in the future. Cardano can't find users Unlike XRP, Cardano is intended ...
Earnings Call Insights: Ardent Health, Inc. (ARDT) Q4 2025 Management View President, CEO & Director Martin Bonick highlighted, “Key industry headwinds that we flagged as accelerating on the third quarter call, including professional fees and other rate pressures driven by payer denials, showed stability in 4Q. Additionally, our keen focus on disciplined execution and expense optimization is alrea...
Earnings Call Insights: Ardent Health, Inc. (ARDT) Q4 2025 Management View President, CEO & Director Martin Bonick highlighted, “Key industry headwinds that we flagged as accelerating on the third quarter call, including professional fees and other rate pressures driven by payer denials, showed stability in 4Q. Additionally, our keen focus on disciplined execution and expense optimization is already starting to pay dividends and drove solid fourth quarter earnings performance.” Bonick also emphasized robust cash flow, noting a “nearly a 50% increase in full year 2025 operating cash flow.” He reported that full year revenue reached $6.3 billion, admissions grew 5.3%, and adjusted EBITDA increased 9%. Bonick described the impact program’s progress: “We are on track to deliver on that target and are raising the expected contribution to approximately $55 million, which Alfred will discuss shortly.” The company also announced a partnership with hellocare.ai to “launch an enterprise-wide AI-assisted virtual care expansion that will span more than 2,000 patient rooms by year-end.” CFO Alfred Lumsdaine stated, “Fourth quarter revenue of $1.61 billion was essentially flat compared to the prior year and in line with our expectations.” He added, “Fourth quarter adjusted EBITDA of $134 million was 2% above our implied guidance midpoint, driven by expense discipline, operating efficiencies and our impact program initiatives.” Lumsdaine noted “operating cash flow of $471 million in 2025, up nearly 50% over the prior year.” Outlook The company issued 2026 adjusted EBITDA guidance of $485 million to $535 million. Bonick stated, “We are issuing 2026 adjusted EBITDA guidance of $485 million to $535. As Alfred will detail, this reflects tailwinds of mid-single-digit core earnings growth and impact program savings, we now estimate will contribute about $55 million in 2026 at the midpoint, up from our $40 million estimate.” Lumsdaine provided further context: “We expect revenue of $6.4 ...
Oil surged as the deepening conflict in the Middle East disrupted crude flows to key buyers, with top importer China seeking to conserve fuel as Iran and the US and Israel vowed to press on with hostilities. US West Texas Intermediate oil surged more than 7% to climb above $80 a barrel for the first time since January 2025 while Brent rose above $85 a barrel.
Oil surged as the deepening conflict in the Middle East disrupted crude flows to key buyers, with top importer China seeking to conserve fuel as Iran and the US and Israel vowed to press on with hostilities. US West Texas Intermediate oil surged more than 7% to climb above $80 a barrel for the first time since January 2025 while Brent rose above $85 a barrel.
(RTTNews) - The Switzerland market ended sharply lower on Thursday, in line with most of the markets across Europe, as rising concerns about the impact of the ongoing Middle East War rendered the mood bearish. The benchmark SMI, which started off on a weak note, recovered around mid morning and moved along the flat line till about an hour past noon and then kept drifting lower to eventually settle...
(RTTNews) - The Switzerland market ended sharply lower on Thursday, in line with most of the markets across Europe, as rising concerns about the impact of the ongoing Middle East War rendered the mood bearish. The benchmark SMI, which started off on a weak note, recovered around mid morning and moved along the flat line till about an hour past noon and then kept drifting lower to eventually settle at 13,298.30, losing 212.44 points or 1.57%. Sonova ended down by 5.5%. Straumann Holding closed lower by 3.76%, while Sika and VAT Group both ended lower by about 3%. Sandoz Group, Geberit, Novartis, Lonza Group, Roche Holding, ABB, Kuehne + Nagel, Schindler Ps, Zurich Insurance, SGS, Richemont, Alcon, UBS Group, Lindt & Spruengli, Amrize and Logitech International lost 1%- 2.7%. Galderma Group, up nearly 7%, was the lone gainer in the benchmark SMI index. Data from the State Secretariat for Economic Affairs, or SECO, said Switzerland's unemployment rate remained stable in February after rising to the highest level in just over four-and-a-half years in January. The unadjusted unemployment rate came in at 3.2% in February, the same as in the previous month, the data showed. In the corresponding month last year, the jobless rate was 2.9%. Data showed that the seasonally adjusted jobless rate rose to 3% from 2.9%. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The sculptor and educator David Harding, who has died aged 88, insisted that art should stand in the same weather as everyone else. As town artist for Glenrothes, Fife, in the late 1960s and 70s, he embedded sculpture in underpasses, bus stops, and housing schemes, working with planners rather than against them and using the same concrete and brick as the surrounding streets. The result was not or...
The sculptor and educator David Harding, who has died aged 88, insisted that art should stand in the same weather as everyone else. As town artist for Glenrothes, Fife, in the late 1960s and 70s, he embedded sculpture in underpasses, bus stops, and housing schemes, working with planners rather than against them and using the same concrete and brick as the surrounding streets. The result was not ornament but argument: that public space could carry memory, poetry and dissent. He carried these ideas into his leadership of the environmental art department at the Glasgow School of Art from the mid-80s. There, he encouraged his students to move beyond the studio, engaging institutions, communities, and landscapes as collaborators rather than mere backdrops. The course produced many Turner prize-winning and nominated artists, including Douglas Gordon, Christine Borland, Jim Lambie, Nathan Coley, Lucy Skaer, Martin Boyce, and David Shrigley. As important to Harding were those who entered the fields of community and social engagement, working beyond the walls of gallery and museum. Harding himself was appointed as town artist with the Glenrothes Development Corporation in 1968, after answering an advertisement in the Scotsman newspaper. At a time when new towns were often criticised for anonymity, Harding proposed that artists should operate from within the planning process to address this. Instead of being a decorative afterthought, his works would be embedded within construction thinking. He treated the town as studio and source material, binding his interventions to their sites. View image in fullscreen David Harding treated the town of Glenrothes as his studio and source material. Photograph: Murdo MacLeod/The Guardian Henge, a spiral of cast concrete slabs, rose from the ground as if uncovered rather than installed. Industry, a mural in an underpass, translated patterns Harding had studied in west Africa into relief surfaces that caught and held the shifting Scottish li...
Tesla (TSLA 1.20%) is now a $1.3 trillion behemoth. How did it attain such a tremendous market cap? There are many reasons, but the latest catalyst is arguably the company's rising status as an AI stock. For decades, the trick to enabling self-driving cars was thought to lie in cameras and sensors. But today, artificial intelligence (AI) is increasingly viewed as the "golden ticket" to achieving f...
Tesla (TSLA 1.20%) is now a $1.3 trillion behemoth. How did it attain such a tremendous market cap? There are many reasons, but the latest catalyst is arguably the company's rising status as an AI stock. For decades, the trick to enabling self-driving cars was thought to lie in cameras and sensors. But today, artificial intelligence (AI) is increasingly viewed as the "golden ticket" to achieving fully autonomous vehicles. While Tesla may very well be able to back up its lofty $1.3 trillion valuation, there are other smaller EV stocks with rising AI exposure worth a closer look. In fact, one company is ramping its AI investments aggressively. Yet the market still doesn't recognize it as a bona fide AI stock, resulting in a cheap valuation that patient investors can take advantage of. Like Tesla, Rivian is betting big on AI Earlier this year, Tesla agreed to invest $2 billion into xAI, Elon Musk's artificial intelligence start-up. According to Reuters, the news "supported Musk's plan to pivot Tesla from an electric vehicle maker to an AI company, which is key to the company's roughly $1.5 trillion valuation." With AI proving more and more important for developing fully autonomous driving features, a direct partnership between Tesla and xAI made a lot of sense both on paper and in terms of practical deployment. Alongside the announcement, Musk also noted the growing shortage of AI chips worldwide. Because chips are necessary for running AI applications, he suggested Tesla would explore manufacturing its own chips. "If we don't do that, we're just going to be fundamentally limited by the supply chain," he stressed. "In a worst-case geopolitical situation, it would be quite a severe situation." While Rivian (RIVN 0.91%), a competing EV manufacturer, didn't get as much publicity for its recent AI announcements, it too is pursuing a very similar strategy to Tesla. Last December, the company hosted its first AI day, outlining how important the emerging technology will be fo...
Key Points Tesla is proving that artificial intelligence (AI) is key to developing fully autonomous vehicles. One competing AI stock is closely following Tesla's strategy. 10 stocks we like better than Rivian Automotive › Tesla (NASDAQ: TSLA) is now a $1.3 trillion behemoth. How did it attain such a tremendous market cap? There are many reasons, but the latest catalyst is arguably the company's ri...
Key Points Tesla is proving that artificial intelligence (AI) is key to developing fully autonomous vehicles. One competing AI stock is closely following Tesla's strategy. 10 stocks we like better than Rivian Automotive › Tesla (NASDAQ: TSLA) is now a $1.3 trillion behemoth. How did it attain such a tremendous market cap? There are many reasons, but the latest catalyst is arguably the company's rising status as an AI stock. For decades, the trick to enabling self-driving cars was thought to lie in cameras and sensors. But today, artificial intelligence (AI) is increasingly viewed as the "golden ticket" to achieving fully autonomous vehicles. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » While Tesla may very well be able to back up its lofty $1.3 trillion valuation, there are other smaller EV stocks with rising AI exposure worth a closer look. In fact, one company is ramping its AI investments aggressively. Yet the market still doesn't recognize it as a bona fide AI stock, resulting in a cheap valuation that patient investors can take advantage of. Like Tesla, Rivian is betting big on AI Earlier this year, Tesla agreed to invest $2 billion into xAI, Elon Musk's artificial intelligence start-up. According to Reuters, the news "supported Musk's plan to pivot Tesla from an electric vehicle maker to an AI company, which is key to the company's roughly $1.5 trillion valuation." With AI proving more and more important for developing fully autonomous driving features, a direct partnership between Tesla and xAI made a lot of sense both on paper and in terms of practical deployment. Alongside the announcement, Musk also noted the growing shortage of AI chips worldwide. Because chips are necessary for running AI applications, he suggested Tesla would explore manufacturing its own chips. "If we don't do tha...
Yahoo Finance Senior Producer John Hyland tracks Thursday's top moving stocks and biggest market stories in this Market Minute. Morgan Stanley (MS) is cutting 3% of its global workforce. Nvidia (NVDA) and AMD (AMD) stocks are down following a Bloomberg report on potential new regulations from the Trump administration governing global artificial intelligence (AI) chip sales. Stay up to date on the ...
Yahoo Finance Senior Producer John Hyland tracks Thursday's top moving stocks and biggest market stories in this Market Minute. Morgan Stanley (MS) is cutting 3% of its global workforce. Nvidia (NVDA) and AMD (AMD) stocks are down following a Bloomberg report on potential new regulations from the Trump administration governing global artificial intelligence (AI) chip sales. Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute.