Author: arthursheikin@gmail.com

[ad_1] Alex Karp, CEO of Palantir Technologies, speaks during the Digital X event in Cologne, Germany, on Sept. 7, 2021.Andreas Rentz | Getty ImagesQuasi-governmental financial firm Fannie Mae on Wednesday announced a partnership with defense tech player Palantir to detect mortgage fraud, deepening ties between the federal government and a company that has been a big winner in the second Trump administration.Priscilla Almodovar, Fannie Mae CEO, said Wednesday at a press event that the goal is for the firm to “identify fraud more proactively” with the help of Palantir, starting with its multi-family housing business. An early test showed that…

[ad_1] CNN  —  The Trump administration has effectively cut off some American companies from selling software used to design semiconductors to China, the Financial Times reported on Wednesday. Impacted companies include Cadence, Synopsys and Siemens EDA, according to the FT’s reporting, which cited people familiar with the matter. CNN was not immediately able to confirm that. The three companies didn’t return requests for comment. The New York Times subsequently reported on Wednesday that sales to China of jet engine technology and certain chemicals were also halted. The Commerce Department told CNN on Wednesday it is “reviewing exports of strategic significance…

[ad_1] New York CNN  —  Hailey Bieber’s beauty brand rhode sold to budget makeup powerhouse e.l.f. Beauty for $1 billion on Wednesday. It’s e.l.f.’s largest acquisition to date, eclipsing its $355 million purchase of skin care brand Naturium in 2023. Founded in 2022, Bieber’s brand racked up $212 million in net sales in its last fiscal year, which ended in March. And earlier this year, rhode announced that its products will be seen in-stores at Sephoras in North America and the United Kingdom. Bieber will serve as rhode’s chief creative officer and head of innovation, the company said. She’s the…

[ad_1] Google is celebrating 10 years of Google Photos with the launch of a redesigned editor. The redesign adds new AI features — Reimagine and Auto Frame — which were previously only available on Pixel devices, bringing the tools into the hands of more users. The Reimagine feature uses generative AI to transform objects and backgrounds in photos with text prompts. For example, you could ask to replace a gloomy sky in one of your photos with “clear blue skies.” The Auto Frame feature suggests different ways to frame a photo, whether it’s by cropping, widening, or using generative AI…

[ad_1] Netflix co-founder Reed Hastings is joining Anthropic’s board of directors, the company announced on Wednesday. Hastings’ appointment adds a veteran Big Tech executive to one of OpenAI’s largest — and youngest — competitors in the AI race. The Netflix co-founder seems likely to help Anthropic grow from a startup into a major company, pulling from his experience sitting on the boards of Netflix, Microsoft, Bloomberg, and Meta. However, Anthropic notes that Hastings was appointed by its Long-Term Benefit Trust, an independent body at the top of the startup’s corporate governance structure that’s designed to be “financially disinterested.” The Long-Term…

[ad_1] AMD has acquired Enosemi, a startup designing custom materials to support silicon photonics product development. The terms of the deal, announced Wednesday, weren’t disclosed. Silicon photonics uses light — photons — to transmit data, offering a faster and more efficient alternative to traditional electrical communication. AMD and other chipmakers have shown an increasing interest in the tech. Late last year, AMD reportedly teamed up with several Taiwan startups for a silicon photonics R&D collaboration. AMD says that its acquisition of Enosemi will “accelerate [its] co-packaged optics innovation for AI systems.” “As AI models grow larger and more complex, the need…

[ad_1] The bullish thesis on Nvidia remains in place ahead of earnings, but analysts have questions about the company’s path forward. The tech giant is due to post fiscal first-quarter results after the bell. Analysts polled by LSEG expect the chipmaker to report adjusted earnings of 93 cents per share on $43.28 billion in revenue for the quarter that ended in April. Those figures signal year-over-year earnings and revenue growth of 52% and 62%, respectively. Analysts will look for clues on how China restrictions are affecting sales, and whether the artificial intelligence demand that has powered markets in recent years…

[ad_1] Investors are underappreciating the effect generative artificial intelligence will have on biotech stocks, according to Jefferies. Biotech stocks have had a challenging couple of years, falling into a correction after an initial surge at the onset of the Covid-19 pandemic, as they navigated a higher interest rate environment. More recently, tariffs and staffing reductions at the U.S. Department of Health and Human Services have also hit the sector. The SPDR S & P Biotech ETF (XBI) is down more than 11% in 2025, while the S & P 500 has eked out a slight gain. XBI YTD mountain XBI…

[ad_1] Nvidia is set to report its latest quarterly results after the bell on Wednesday, and there are certain stocks besides just the artificial intelligence chip darling that could see major moves in either direction. Nvidia’s earnings results have been a driver of volatility over the past couple of years, but this time around, the market may actually be underestimating volatility. Nvidia options pricing prior to its upcoming earnings implies shares could swing 6.4% in either direction, per Goldman Sachs estimates. That is less than its average realized move of 8.5% up or down over Nvidia’s past eight earnings reports.…

[ad_1] Content about luxury bag “dupes” — or similar products at a more affordable price point — surged on social media in April, according to a new report, with users looking for alternatives to some famous brands more than others.The recent report from Plot, a management platform for social media teams, found posts about luxury bag dupes increased tenfold between February and April this year. Plot used an AI tool to analyze 1,718 videos on TikTok and Instagram that mentioned luxury bag dupes or similar terms, like replicas or fakes, as well as more than 1,200 user comments.Plot’s report said Gen…