Author: arthursheikin@gmail.com

[ad_1] AMD’s latest acquisition could help reduce Nvidia’s market dominance when it comes to AI hardware. Semiconductor giant AMD on Wednesday announced it acquired AI software optimization startup Brium. Terms of the deal were not disclosed. Brium is a startup that appears to be in stealth mode. The startup builds machine learning applications to enable AI inference, the process a trained AI model uses to draw conclusions from new data, across a variety of different hardware options, according to a blog post on Brium’s bare-bones website. Cutting through that jargon a bit, Brium can help retrofit AI software to work…

[ad_1] The Health Care Select Sector SPDR Fund (XLV) was down over 5% in May, as the S & P 500 gained over 6%, which means that XLV underperformed the index by 11%. That’s a huge performance discrepancy. In fact, it was the worst relative monthly percent move vs. the SPX in XLV’s history, dating back to late 1998. As is clear from this long-term chart, the odds of this horribly bad relative weakness continuing at this same pace is low – at least for June. XLV itself now has approached two major long-term support levels after the recent downturn.…

[ad_1] Snap has launched a stand-alone Lens Studio iOS app and web tool, the company announced on Wednesday. The new tools are designed to make it easier for anyone to create AR Lenses through text prompts and simple editing tools. With the Lens Studio app, users will be able to do things like generate their own AI effects, add their Bitmoji, and browse trending templates to create customized Lenses. Up until now, Lens Studio has only been accessible via a desktop application for professional developers. While the desktop application will remain the primary tool for professionals, Snap says that the…

[ad_1] A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free here. New York CNN  —  The Trump family is quickly learning what happens when you get into business with one of the internet’s most bizarre sideshows. As a quick catch-up: On Tuesday, crypto researcher Molly White dropped a scoop that said the president was about to launch a Trump-branded cryptocurrency wallet to encourage people to trade his $TRUMP memecoin — yet another product expanding the Trump family’s reach in digital assets. (For the uninitiated, a crypto wallet is…

[ad_1] OpenAI’s ChatGPT is adding new features for business users, including integrations with different cloud services, meeting recordings, and MCP connection support for connecting to tools for deep research. As part of the launch, ChatGPT is gaining connectors for Dropbox, Box, SharePoint, OneDrive, and Google Drive. This allows ChatGPT to look for information across users’ own services to answer their questions. For instance, an analyst could use the company’s slide deck and documents to build out an investment thesis. OpenAI said that the new feature will follow an organization’s access control hierarchy. Recording and transcription of meetings, now a table-stakes…

[ad_1] The US housing market has been brutal for buyers to navigate in the last few years, leaving house hunters wondering when conditions might ease. Goldman Sachs shared three predictions this week about where things may be headed. The bank updated its forecast for the path of mortgage rates, predicted the impact of Donald Trump’s possible move to shake up mortgage finance giants Fannie Mae and Freddie Mac, and examined the possible effects of lower immigration on supply. Here’s what the bank sees ahead for US housing through the rest of 2025. Mortgage rates will stay elevatedDon’t count on rate…

[ad_1] “Too Late Powell” is in the president’s crosshairs again.That’s the nickname Donald Trump has given to Federal Reserve Chairman Jerome Powell, whom he’s said repeatedly this year has been late to adjust monetary policy and lower borrowing costs for Americans.Wednesday’s private payrolls report is the latest data point Trump is using to support his critique of the central bank chief.ADP data showed private payrolls rose 37,000 in May, lower than the 110,000 jobs economists were expecting.”ADP NUMBER OUT!!!” Trump wrote in a post on Truth Social shortly after the private payrolls data rolled out Wednesday morning. “‘Too Late’ Powell…

[ad_1] Worldwide shipments of artificial intelligence personal computers, known as AI PCs, are expected to total 114 million units this year, and are projected to represent 43% of all PC shipments in 2025.By next year, they’re anticipated to be the only available PC that is sold to large companies, according to the research firm Gartner.The growing popularity of these devices — which have built-in AI hardware and software that help to speed up data processing — presents a new challenge for companies and their IT departments: Guarding their sensitive data troves against cyber threats.AI PCs integrate a specialized processor called…

[ad_1] Washington CNN  —  In the New England region, a clothing store re-tagged items to be sold during the summer to cover the cost of tariffs. A car dealership in upstate New York said its inventory has been depleted by Americans rushing to get ahead of tariffs. And an electronics manufacturer said President Donald Trump’s sweeping policy changes are “raising hell with businesses.” These accounts — and the picture they paint about the US economy — come from various surveys of businesses released this week from the Federal Reserve, the Institute for Supply Management (ISM) and S&P Global. Taken together,…

[ad_1] Chinese tea chain Chagee is in the early days of a long runway for strong growth, according to Citi Research. Analyst Xiaopo Wei initiated the stock with a buy rating and $43.70 price target, suggesting shares stand to gain nearly 44% from their latest close. Shares of Chagee are down more than 10% since the company made its public market debut on April 17. The stock has rebounded roughly 14% this week, however, after Chagee on Friday reported a significant beat for its first quarter. Chagee is a “fast-growing premium tea play,” Wei said in a Wednesday note to…