Author: arthursheikin@gmail.com

[ad_1] A really nice grill brush will cost you about $25 at your local big box store, but YouTuber Destin Sandlin is betting he can get customers to shell out three times that amount for a Made-in-America version.Sandlin traces his passion for US manufacturing to the COVID-19 pandemic in 2020, when he was bothered by the lack of American-made essential goods.”Everybody wanted N95 masks and face shields, and they couldn’t get it,” he said in a recent YouTube video. “This revealed to me how anemic our manufacturing capacity in America has become, because I was waiting on some billionaire to…

[ad_1] New York CNN  —  Disney and Universal are suing AI photo generation company Midjourney, marking the first major legal showdown between Hollywood studios and an artificial intelligence company. Midjourney, which enables users to create realistic-looking images from a text prompt in just seconds, is one of the most popular AI image generators. The movie companies allege that Midjourney trained its AI models on their intellectual property and that it generates images featuring their famous characters in violation of copyright law, according to a complaint filed Wednesday in California federal court. In their complaint, the studios call Midjourney a “virtual…

[ad_1] First Solar is now the “only game in town” thanks to the likely passage of legislation by the Senate designed to disrupt the supply chains of the renewable energy industry, according to Jefferies. Jefferies upgraded First Solar to buy from hold, with a stock price target of $192, up from $157 previously, implying nearly 17% upside from Tuesday’s close of $164.62. The Senate appears likely to pass legislation that would quickly phase out Inflation Reduction Act tax credits for clean energy companies that receive “material assistance” from some foreign suppliers. The provision essentially targets imports of basic materials from…

[ad_1] Uptime Industries is taking a bet on on-premise AI infrastructure with an “AI-in-a-box” handheld device called Lemony AI. The size of a sandwich, Lemony AI can supposedly run a large language model (LLM), AI agents and AI workflows all on one node. Each Lemony requires only 65 watts of power to run, the equivalent of charging a laptop, and can be stacked and connected to form bigger AI clusters. Sascha Buehrle, co-founder and CEO of Uptime, told TechCrunch that each node can sustain an LLM up to 75 billion parameters in size, and can host open-source models or retrofitted…

[ad_1] Here are Wednesday’s biggest calls on Wall Street: Baird upgrades Urban Outfitters to outperform from neutral Baird upgraded the stock after an analyst event and said shares of Urban are too attractive to ignore. “With consistent execution, we think URBN is positioned to sustain a durable LDD% [low double digits] EPS-growth algo.” Morgan Stanley initiates TD Synnex as overweight Morgan Stanley said the IT distributor has “solid execution.” “Long-term IT spending strength and an increasingly complex IT ecosystem are secular tailwinds for the world’s largest IT Distributor, TD Synnex.” Piper Sandler reiterates Tesla as overweight Piper said it sees…

[ad_1] Tech companies are rushing to bring AI into every part of their business. But one newly public healthcare player says it won’t go all in on AI just yet.Chronic care company Omada Health went public on Friday, 14 years after its founding. Its exit marked the second digital health IPO this year, following physical therapy startup Hinge Health’s public market debut on May 21.On the day of Hinge Health’s IPO, CEO Daniel Perez proclaimed that Hinge Health would use AI to automate as much of its care delivery as possible. “The long-term vision is to continue to peel away…

[ad_1] Coinbase could see major gains ahead, according to William Blair. The firm initiated shares of the cryptocurrency exchange with an outperform rating. While analyst Andrew Jeffrey did not give an exact price target, he said Coinbase has around 70% upside. That would put the stock at roughly $433.40 (It closed at $254.94 on Tuesday). Jeffrey said he believes the stock “should experience meaningful multiple expansion” as Coinbase diversifies its business model. Increasing regulatory clarity should also be a tailwind for the company, as President Donald Trump has thrown his support behind the industry. “We believe this time on the…

[ad_1] CNN  —  White House AI czar David Sacks dismissed concerns about artificial intelligence taking away jobs on Tuesday, just days after a major AI leader warned the technology could lead unemployment to climb as high as 20% in the next few years. “Personally, I don’t think it’s (AI) going to lead to a giant wave of unemployment,” Sacks told attendees at the Amazon Web Services summit in Washington, DC, “I think it’s actually very hard to replace a human job entirely. I think it’s easier to replace pieces of it.” “I don’t think we’re going to have 20% unemployment,”…

[ad_1] CNN  —  The New York Times on Wednesday announced major changes to its iconic Dining beat: the appointment of two co-chief restaurant critics and an expansion into video reviews. The newspaper is also more seriously turning its gaze nationwide, marking a critical turning point for a section that has long been a kingmaker of the New York City culinary scene. The Times announced Wednesday morning that Tejal Rao and Ligaya Mishan will be its new chief restaurant critics. In naming two top food critics, a first for the Times, the storied newspaper signals ambitious growth for the beat as…

[ad_1] The world’s largest aircraft lessor AerCap can recover more than $1 billion in relation to jets stuck in Russia since the invasion of Ukraine, London’s High Court ruled Wednesday, though that is less than the roughly $2 billion it sought. The court ruled broadly in favor of leasing companies in a multi-billion-dollar legal dispute with insurers, following a mammoth trial in one of the biggest insurance disputes ever heard in London, which concluded in February. The lawsuit had focused on almost 150 jets and some engines, previously with a total value of up to $4.7 billion, though settlements –…