Author: arthursheikin@gmail.com

[ad_1] Good morning. Still struggling to sell that Cybertruck? The US Air Force is looking to buy two to use as target practice. Don’t worry, they need only be towable — they’re blowing them up anyway.In today’s big story, seven current and ex-employees at Google, Meta, Amazon, and more share the opportunities and anxieties of living on the H-1B visa.What’s on deck:Markets: The US economy is inching toward a stagflation scenario — again.Tech: xAI’s head lawyer is leaving the company to spend more time with his kids.Business: Trump is calling for Intel’s CEO to resign. Crisis communications warned Intel to…

[ad_1] Wendy’s said its restaurants had “too many” promotions over the summer and would scale back for the rest of the year.”We learned that when we have too many priorities, we have none,” interim CEO Ken Cook told investors on its second-quarter earnings call before the opening bell on Friday.The boss, who took over last month following Kirk Tanner’s departure for Hershey’s and is still chief financial officer, said the fast food chain’s summer promotions on drinks, breakfast, meal deals, and digital exclusives “looked great on paper as it had something for everyone.””However, the volume of initiatives made it challenging…

[ad_1] Meta has acquired AI voice startup WaveForms for an undisclosed sum, The Information reports. It’s the company’s latest buy to strengthen its new AI unit, Superintelligence Labs, and Meta’s second major AI audio acquisition in the last month after it bought PlayAI.  WaveForms, founded just eight months ago, raised $40 million from Andreessen Horowitz in a round that valued the company at $160 million pre-money, per PitchBook data.  Two of the startup’s co-founders – former Meta and OpenAI researcher Alexis Conneau, and former Google advertising strategist Coralie Lemaitre – have reportedly joined Meta. While at OpenAI, Conneau co-created GPT4-o…

[ad_1] Google announced on Friday that it’s giving Google Finance, its tool that provides financial information and business news, an AI update. Users will now be able to research their financial questions with AI, access advanced charting tools, and get real-time data and news. With the update, users can now ask detailed questions about finance and get a comprehensive AI response that includes links to relevant sites. Instead of having to look up individual stock details, users can ask complex questions in one go. As for the new charting tools, Google says these “will help you visualize financial data beyond…

[ad_1] Bill Nygren, portfolio manager at Oakmark Funds for four decades, said he’s focusing on cheap stocks that return meaningful capital to shareholders with the stock market trading at record highs. The widely followed value investor revealed that he’s trying to find hidden gems that are a lot cheaper than the average stock in the S & P 500, which is trading at 23 times forward earnings. Nygren said almost half his holdings have multiples less than 12 times earnings. While his picks don’t offer exceptional organic growth, he looks for the companies that have solid repurchase or dividend programs…

[ad_1] The end of Tesla ‘s own artificial intelligence supercomputer efforts — when it was developing its own chips — means Elon Musk’s company will become an even bigger customer for major chipmakers, according to Wells Fargo. Analyst Aaron Rakers highlighted Nvidia and Advanced Micro Devices as beneficiaries of Tesla’s decision to shut down its custom-built AI training supercomputer Dojo team, which was first reported by Bloomberg on Thursday. Pete Bannon, Tesla hardware design engineering vice president, is leaving the company after joining from Apple in 2016, CNBC confirmed. Remaining employees are being reassigned to Tesla, Bloomberg’s report said, citing…

[ad_1] Some ChatGPT users were so attached to the chatbot’s “yes man” style that they asked OpenAI to bring it back, Sam Altman has said.The OpenAI CEO said there was a “heartbreaking” reason — because some users said they had never had anyone support them before. “Here is the heartbreaking thing. I think it is great that ChatGPT is less of a yes man and gives you more critical feedback,” Altman said on Cleo Abram’s “Huge Conversations” podcast, which aired Friday.”But as we’ve been making those changes and talking to users about it, it’s so sad to hear users say,…

[ad_1] Goldman Sachs is turning bullish on Peloton after the company’s financial results soothed many investor worries. Analyst Eric Sheridan upgraded the connected fitness company to buy from neutral and lifted his 12-month price target to $11.50, which suggests more than 61% potential upside. His previous price target was $7 per share. “In total, we see PTON as a story with new [management], new initiatives aimed at platform growth and monetization for the next few years and a scope for higher incremental returns on capital in the form of free cash flow conversion,” Sheridan said in a note to clients,…

[ad_1] Bank of America see significant upside ahead of hot AI stock LegalZoom . Analyst Michael McGovern upgraded the online legal services provider from underperform to buy and raised his price target by $4 to $12. His new target on the stock — which already is up 11.5% this year — suggests shares can jump 43%. Management “has executed a substantial portion of the shift toward Subscriptions, while also adding strategic AI collaborations,” McGovern said in a Friday note as a top reason for his upgrade. McGovern highlighted LegalZoom’s new partnerships with searchbots Perplexity and OpenAI’s ChatGPT agent as moves…

[ad_1] “No, don’t — please STOP!”The line went dead, and for the first time, I thought, maybe I’ve made a mistake.I’d been speaking with the first of what would eventually become three project managers overseeing the full gut remodel of our house in Baltimore.There was no one else to call. Our general contractor — a husband-wife team who had filed for divorce and bankruptcy simultaneously about six months into our remodel — had just quit.However, our first project manager was confident that she could still get us over the finish line. She didn’t.When the phone line went dead, she had…