Tokyo, September 18, 2024 – NEC Orchestrating Future Fund (NOFF), an ecosystem-based corporate venture capital (CVC) fund, has made an investment in Sakana AI, a Japan-based company that gathers technical talent from around the world to conduct research and development of generative AI.While the use of AI is essential to improve the competitiveness of companies, the development of large-scale AI models requires an enormous amount of time and cost to learn data.Sakana AI was founded in Tokyo in 2023 by David Ha, who has led research on complex and autonomous systems at Google Brain’s Japan division, Llion Jones, one of…
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The Dow Jones clipped into yet another record bid on Tuesday. Investors are tilting into the risk-on side ahead of expected Fed rate cut. Markets are split on the depth of anticipated first Fed rate cut in over four years. The Dow Jones Industrial Average (DJIA) rose into a fresh record high for the second day in a row on Tuesday as investors jostle for position ahead of the Federal Reserve’s (Fed) hotly-anticipated rate cut during the midweek market session. Despite a strong start to the day, the Dow Jones turned away from record peaks and dipped back into the…
We recently compiled a list of the 19 Trending AI Stocks on Latest Analyst Ratings and News. In this article, we are going to take a look at where Alphabet Inc. (NASDAQ:GOOG) stands against the other AI stocks.Exciting new developments in the artificial intelligence space have continued to pour in over the past few days as the stock market recovers from a major tech selloff. Some of the most trending ones relate to electronics giant Apple, Microsoft-backed AI startup OpenAI, and software firm Adobe. Apple has doubled down on AI with the release of macOS Sequoia, which integrates AI features…
While introducing Donald Trump at his Flint, Michigan, town hall Tuesday, Arkansas Gov. Sarah Huckabee Sanders (R) appeared to take a swipe at Vice President Kamala Harris for not having her own biological children.The jab came in the form of a brief anecdote that Sanders, who served as press secretary in Trump’s administration, shared about tearing up while helping her daughter get ready for a dance.″‘It’s okay, mommy, one day you can be pretty too,’” Sanders said her daughter told her. “So my kids keep me humble. Unfortunately, Kamala Harris doesn’t have anything keeping her humble.”She continued: “You would think…
(Bloomberg) — The Federal Reserve is widely expected to lower interest rates this week after holding borrowing costs at a two-decade high for more than a year.Most Read from BloombergBy how much, however, remains an open question.Forecasters largely anticipate the Federal Open Market Committee will reduce rates by a quarter point to a range of 5% to 5.25%, though economists at JPMorgan Chase & Co. expect a bigger, half-point move. Investors see better-than-even odds of a half-point adjustment.Fresh quarterly projections released at the conclusion of the central bank’s two-day policy meeting will offer further insight into the path ahead for…
NEW YORK (AP) — U.S. stock indexes remained stuck in place on Tuesday as Wall Street made few big moves ahead of what’s expected to be the first cut to interest rates in more than four years. The S&P 500 edged up by 1.49, or less than 0.1%, to 5,634.58. It remains 0.6% below its all-time closing high set in July, and it briefly rose above that mark during the morning. The Dow Jones Industrial Average slipped 15.90 points, or less than 0.1%, to 41,606.18 from its own record set the day before, while the Nasdaq composite edged up by 35.93, or 0.2%,…
Bowen Yang and Travis Kelce are still buds, nearly a year after they bonded on the set of Saturday Night Live.The comedian revealed that he has stayed in touch with the Kansas City Chiefs tight end over the past year. “He is my straight male friend for life,” he said during an interview with the Los Angeles Times at the 2024 Emmys over the weekend. “Travis, I love you.”More from Billboard“Straight Male Friend” is the SNL sketch the duo starred in together when the athlete hosted a season 49 episode in October 2023. The sketch showed the joys of “a low-effort friendship that requires…
By Tom WestbrookSINGAPORE (Reuters) – The dollar steadied on Wednesday as stronger-than-expected U.S. retail sales had traders slightly trimming bets that the U.S. easing cycle will begin with an outsized interest rate cut.The Federal Reserve is expected to make its first interest rate cut in more than four years at 1800 GMT, which will be followed by a news conference half an hour later.The dollar has fallen along with U.S. yields since July and at $1.1119 per euro is not far from the year’s low at $1.1201 as traders anticipate easing at a clip, with more than 100 basis points…
(Reuters) -BlackRock and Microsoft (NASDAQ:) plan to launch a more than $30 billion fund to invest in artificial intelligence infrastructure to build data centers and energy projects, the companies said on Tuesday. AI models, especially those used for deep learning and large-scale data processing, require substantial computational power, leading to higher energy consumption. The computing requirements for AI have dictated that tech companies string together thousands of chips in clusters to achieve the necessary amount of data crunching power, leading to a surge in the demand for these specialized data centers. The investment vehicle, known as Global AI Infrastructure Investment…
(Bloomberg) — JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said whether the Federal Reserve cuts interest rates by 25 or 50 basis points, the move is “not going to be earth-shattering.”Most Read from Bloomberg“They need to do it,” Dimon said at a conference on Tuesday. But “it’s a minor thing when the Fed’s raising rates and lowering rates because underneath that there’s a real economy.”Fed officials are expected to lower interest rates this week for the first time in more than four years. Ahead of the decision, bond traders have been divided over whether the Fed will cut…