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The Latest Breaking News on AI

Scott Bessent Rejects 'AI Bubble' Fears, Cites Broadening CapEx, Manufacturing Growth

Treasury Secretary Scott Bessent on Tuesday dismissed fears that the U.S. economy has become dangerously addicted to artificial intelligence (AI) spending, arguing instead that investment is poised to broaden into a wider industrial resurgence.

Benzinga

Google TPUs Are 'Cost-Effective Hedge,' Not Replacement For Nvidia, Strategist Says

Despite reports of Meta Platforms Inc. (NASDAQ:META) possibly shifting billions in AI hardware spending to Alphabet Inc.‘s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google’s TPUs, one market strategist argues the move is a defensive tactic against supply shortages, not a sign of Nvidia Corp.‘s (NASDAQ:NVDA) ending dominance.

Benzinga

Dan Ives Drops His 'Top 10' Tech Stocks To Own 'In The AI Revolution' — Here Is The Full List

Wedbush senior analyst Dan Ives has published his “Top 10” tech stocks he believes are best positioned to lead “the AI revolution,” outlining why each company stands out as artificial intelligence becomes the global economy’s defining growth driver.

Benzinga

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ChatGPT is losing the AI battle on all sides — here's why Anthropic and Gemini are pulling ahead

ChatGPT was once the clear winner in the world of AI, but that picture appears to be changing. Here's why.

Tom’s Guide

Qualcomm unveils Snapdragon 8 Gen 5: Flagship performance for affordable phones

The Snapdragon 8 Gen 5 aims to bring premium performance to cheaper flagships from brands like OnePlus and Vivo.

Android Central

Google DeepMind Scientist Slams Market After Nvidia, AMD Stocks Tumble: 'Selloff Shows How Clueless The Market Is'

On Tuesday, a sharp dip in Nvidia Corp (NASDAQ:NVDA) and Advanced Micro Devices, Inc. (NASDAQ:AMD) sparked unexpected pushback from Google DeepMind researcher arguing the market still doesn't grasp the reality of exploding demand for AI hardware.

Benzinga

Dan Ives Once Again Rejects AI Bubble Fears, Calls Microsoft A 'Table-Pounder' Pick And Highlights Google's AI Tailwinds As Key Evidence

On Tuesday, Wedbush analyst Dan Ives reiterated that the AI market is far from a bubble and still in the early stages of growth.

Benzinga

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Judge blasts immigration agents using ChatGPT to write ‘inaccurate’ reports

The judge noted factual discrepancies between law enforcement responses and body camera footage

The Independent UK

AI could push up the RBA's neutral interest rate level

A Reserve Bank official says the neutral rate may have increased since the pandemic, which would limit how far rates could be cut without adding to inflation.

AAP

Elon Musk Wants Us To Flee Earth & Live On Mars To Save Humanity—But Jeff Bezos Says 'There Is No Plan B… We Have To Save Earth, This Is The Good One'

Blue Origin founder Jeff Bezos wants to move industry off Earth to save the planet. Elon Musk, CEO of SpaceX, wants to move people off Earth to save humanity. Same mission: space. Very different destination.

Benzinga

Marjorie Taylor Greene, Dan Ives Bet On The Same 16 Stocks – Some Might Surprise You

Rep. Marjorie Taylor Greene (R-Ga.) is one of the most followed members of Congress when it comes to tracking stock trading activity, thanks to years of strong returns. Wedbush analyst Dan Ives is one of the most followed analysts on Wall Street, thanks to frequent media appearances and coverage of…

Benzinga

Options Corner: Taiwan Semiconductor's Trade Secret Dispute With Intel Presents A Contrarian Opportunity

Multinational chip contract manufacturing and design company Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM) — more commonly known as TSMC — suffered a noticeable decline on Tuesday. While the foundry giant is rapidly expanding its cutting-edge 2-nanometer facilities from seven to ten sites (obviously a direct impact from the dramatic demand…

Benzinga

Dell Delivers Mixed Q3 Earnings, Shares Volatile After Hours Even With Strong Outlook: 'Dell Is Winning In AI'

Dell Technologies Inc (NYSE:DELL) reported financial results for the third quarter on Tuesday after the market close. Here’s a rundown of the report.

Benzinga

Dow Gains 664 Points as Rate-Cut Hopes Rise: Stock Market Today

Markets are pricing in higher odds for a December rate cut, fueling a major rally in stocks ahead of the Thanksgiving holiday.

Kiplinger

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Benzinga

Nvidia Is A 'Generation Ahead,' But 'Delighted' For Google

Nvidia Corp. (NASDAQ:NVDA), the leader in AI hardware, issued a masterclass in competitive positioning on Tuesday by simultaneously praising rival Google while boldly reaffirming its own technological supremacy.

Benzinga

CoreWeave (CRWV) Stock Is Sliding Tuesday: Here's The News Unsettling Investors

CoreWeave Inc (NASDAQ:CRWV) shares are trading lower on Tuesday afternoon, caught in the crossfire of a potential shift in the AI hardware market. Here’s what investors need to know.

Benzinga

'We've Seen A Very Strong Demand In The Art Market,' Art Auction Sales Projected To Jump 50% This Year

Early reports from this week's New York fall art auctions show that experts’ sales totals predictions will be far surpassed.

Tom’s Guide

'Aluminium OS' tipped to be Google's new Android-based PC operating system

A now-deleted job listing teased the future of ChromeOS with a new ‘AluminIum OS’ which will be based on Android.

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Benzinga

AI Just Sparked Biotech's Biggest Rally Since 2004 — Why Isn't Anyone Talking About It?

While everyone's watching AI reshape chipmakers and tech sectors, the most profound transformation may be unfolding where no one’s looking: biotech.

Benzinga

Google, Meta Rises As Nvidia Sinks; AI ETFs Caught In A Rare Big-Tech Vs. Theme Trade Split

Alphabet Inc.’s (NASDAQ:GOOGL) sprint toward a $4 trillion valuation lit up Wall Street on Tuesday, yet AI-focused ETFs sat out the celebration. Google shares jumped on Tuesday following a report indicating that Meta Platform Inc. (NASDAQ:META) may use Google's AI chips in its data centers. A powerful year-long rally fueled by its sharpened…

Benzinga

How To Invest In Deep Value Like A Lender

Cheap is not the same as safe. That’s the distinction most investors miss. A stock trading at 30% of book value is only a bargain if the company survives long enough for the value to matter.

Benzinga

Nvidia Eyes Worst Month Since 2022 — Will December Bring Relief Or More Pain?

Despite reporting one of the most spectacular earnings quarters in its history, NVIDIA Corp. (NASDAQ:NVDA) is on track to end November with its worst monthly performance in over three years, raising fresh questions about whether the chipmaker’s AI-fueled rally has hit a wall.

Reason

Journal of Free Speech Law: "Inevitable Errors: Defamation by Hallucination in AI Reasoning Models," by Lyrissa Lidsky & Andrew Daves

This new article is here. The Introduction: Artificial general intelligence is "probably the greatest threat to the continued existence of humanity."… The post Journal of Free Speech Law: "Inevitable Errors: Defamation by Hallucination in AI Reasoning Models," by Lyrissa Lidsky & Andrew Daves appeared first on Reason.com.

Benzinga

5 Fintechs To Consider Selling As The Market Stays Frothy

The AI gold rush returned with a flourish last week as solid earnings from NVIDIA and Google's Gemini 3 calmed jittery investors. However, two big up days don't make a rally, and the large trading ranges in major indices usually aren't signs of a confident market.

Axios

Deepfakes are flooding retailers as part of scammers' return fraud operations

One large retailer currently averages more than 1,000 AI-generated calls per day, according to Pindrop.

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