Author: arthursheikin@gmail.com

[ad_1] Here are Wednesday’s biggest calls on Wall Street: Seaport initiates Apple as buy Seaport said Apple products leaves the company well positioned for the long haul. “We expect Apple t o have a good year on this year’s product line-up, with Apple Air trending well and boding a stronger future for further price increases as an affordable phone (maybe) comes out next year.” Wells Fargo initiates Snowflake as overweight Wells said it sees a slew of catalysts ahead for the stock. “We see a favorable tactical setup for NOW shares into 4Q given a number of key catalysts, most…

[ad_1] Enterprise giant Salesforce is looking to ride the vibe-coding wave — where developers describe what they want in natural language and AI agents write the code — with its new AI-powered developer tool.   Salesforce announced its new vibe-coding offering, Agentforce Vibes, on Wednesday. This new coding tool helps developers work autonomously on Salesforce apps and agents by handling much of the technical implementation automatically. Agentforce Vibes can help developers from the app idea phase to building to observability with enterprise security and governance controls baked in.   This new tool includes an autonomous AI coding agent named Vibe Codey. This agent is already connected to a company’s existing Salesforce account, which allows it to reuse an org’s already-written code and follow its coding guidelines, to create apps that match existing products.   Dan Fernandez, the vice president of…

[ad_1] The ranks of America’s ultrawealthy are surging — and the biggest winners aren’t New York or California.A new report from wealth intelligence firm Altrata released on Tuesday shows that Florida, Texas, and Utah are set to experience the fastest growth in ultra-high-net-worth individuals — those worth more than $30 million — over the next five years.Florida leads the pack, with its population of the superrich projected to grow 8.8% annually through 2030.Utah, buoyed by Salt Lake City’s expanding business services sector and status as a luxury winter sports hub, is close behind with 8.1% growth.Texas, powered by Austin’s booming…

[ad_1] Artificial intelligence’s impact so far has largely been in the office, but Ford CEO Jim Farley says changes are coming for the service bay, too.Farley said Tuesday that he expects the disruption to blue-collar jobs to be a mix of “negatives and positives” and that it ultimately depends on how companies manage the shift.One example: “If you’re repairing a Super Duty,” he said, referring to one of Ford’s pro-grade pickup trucks, “augmented reality AI is a game changer. Just ask my team, they’ll tell you. We need to use AI to make those repairs much simpler for people.”Farley said…

[ad_1] Corporate America and the military are converging around the same tough cultural playbook — and telling reports to get in line.Secretary of Defense Pete Hegseth addressed hundreds of generals and admirals Tuesday morning, saying that the country’s armed forces will “restore a ruthless, dispassionate, and common-sense application of standards.” That includes changing expectations about physical fitness and grooming. Anyone not on board, he added, “should do the honorable thing and resign.”If this sounds familiar, perhaps it’s because AT&T CEO John Stankey shared a similar sentiment in a memo to employees in August, saying the telecommunications company would be “moving…

[ad_1] The rich get richer — and when they do, they spend that money extravagantly.The ultrawealthy, considered anyone worth more than $30 million, spent $290 billion on luxury goods last year, according to a new report by wealth intelligence firm Altrata. The estimate is based on Altrata’s Wealth X database and insights from Bain & Company.The ultrawealthy make up 1% of the world’s millionaires — and .006% of the world’s total population — but their wealth is outsize. Their cumulative wealth totals nearly $60 trillion, accounting for about one-third of the wealth held by all millionaires. That total is driven by business…

[ad_1] This as-told-to essay is based on a conversation with 18-year-old Arlan Rakhmetzhanov, the founder of AI coding agents startup Nozomio, who just completed Y Combinator and raised $6.2 million in funding. The following has been edited for length and clarity.When I was around 11 years old, my dad told me about Y Combinator for the first time. We were on a walk by the river in my hometown of Almaty, Kazakhstan, and I didn’t really understand the concept of a school for founders — but it captured my imagination.Both of my parents are entrepreneurs, and my own journey started…

[ad_1] Karishma Mandal wanted to be at the center of the tech world — working in AI at a big-name company in San Francisco. So she moved across the country — and tapped every job search strategy in her toolbox, hoping to land an offer.Mandal’s career journey — which would include interviews at Uber, Meta, Amazon, and Salesforce — began when she moved to the US from India in 2021 to pursue a master’s in engineering management at Northwestern University. After graduating in January 2023, she began working full-time in March of that year as a product manager at a…

[ad_1] On Wednesday, Wikimedia Deutschland announced a new database that will make Wikipedia’s wealth of knowledge more accessible to AI models. Called the Wikidata Embedding Project, the system applies a vector-based semantic search — a technique that helps computers understand the meaning and relationships between words — to the existing data on Wikipedia and its sister platforms, consisting of nearly 120 million entries. Combined with new support for the Model Context Protocol (MCP), a standard that helps AI systems communicate with data sources, the project makes the data more accessible to natural language queries from LLMs. The project was undertaken…

[ad_1] Fancy a job at the messaging service Telegram? You might want to look out for the next coding competition the company organizes to recruit engineers.Pavel Durov, the cofounder and CEO of Telegram, said in an interview with podcaster Lex Fridman, which aired on Tuesday, that he prefers to assess candidates through a coding contest instead of the standard interview process.”It’s in line with my overall philosophy. I think competition leads to progress,” Durov said.”If you want to create an ideal process for selecting the most qualified people for certain specific tasks you have in mind, what can be better…