Author: Press Room
Elon Musk says artificial intelligence will take all our jobs and that’s not necessarily a bad thing. “Probably none of us will have a job,” Musk said about AI at a tech conference on Thursday. While speaking remotely via webcam at VivaTech 2024 in Paris, Musk described a future where jobs would be “optional.” “If you want to do a job that’s kinda like a hobby, you can do a job,” Musk said. “But otherwise, AI and the robots will provide any goods and services that you want.” For this scenario to work, he said, there would need to be…
Last updated: May 25, 2024 12:00 EDT | 2 min read The Delaware Supreme Court has ruled in favor of BitGo by overturning a lower court’s dismissal of the company’s $100 million lawsuit against Galaxy Digital.The lawsuit stems from a failed acquisition between the two entities.In its filing on May 22, the Delaware Supreme Court stated that the language used in the BitGo-Galaxy Digital $1.2 billion merger agreement was “ambiguous.”The ambiguity led the court to reverse the decision made by the Delaware Chancery Court and open the opportunity for the consideration of additional evidence to resolve the ambiguity.BitGo Can Pursue…
Elon Musk is once again betting that artificial intelligence will outsmart us all — and he expects that to occur sooner than he initially thought.”My guess is we’ll have AI that is smarter than any one human probably around the end of next year,” Musk said during a live interview with Norges Bank CEO Nicolai Tangen on X, formerly Twitter, earlier this week that’s now an episode of his podcast “In Good Company.”The Tesla CEO added that the “total amount of sentient compute” — a concept that may refer to AI thinking and acting independently — will exceed all humans…
In my last article about Palantir Technologies Inc. (NYSE:PLTR), published before Q1 earnings on May 5th, I argued how the company represented an asymmetric bet on its Artificial Intelligence Platform (“AIP”). In this follow-up, I examine the details of the latest earnings and go over some new elements that I see as catalysts for Q2 – namely the Oracle partnership (not reflected in Q1 earnings yet, in my opinion) and the launch of Mixed-Reality OSDK. All figures discussed in this article are taken from Palantir’s Q1 shareholders presentation and report, available on Palantir’s website. Thesis: Palantir has shown excellent US…
Some of Silicon Valley’s most prominent venture capitalists will host a fundraiser for Donald Trump next month as Republicans make inroads within the overwhelmingly Democratic tech donor community. David Sacks and fellow tech investor Chamath Palihapitiya, co-hosts of the popular All-In podcast, are hosting a San Francisco fundraiser for Trump on June 6, according to an invitation obtained by the Financial Times. Sacks has said he hopes to feature the presidential candidate on his show.The event — which comes ahead of another fundraiser by Palmer Luckey, founder of defence group Anduril and Oculus VR, in Newport Beach, California — is…
US Secretary of Defense Lloyd Austin will undergo a “minimally invasive” and “non surgical” procedure at Walter Reed Medical Center on Friday night, Pentagon spokesman Major Gen. Patrick Ryder said on Friday. He will transfer his authorities temporarily to his deputy, Kathleen Hicks, Ryder said. The procedure is related to a bladder issue Austin suffered as a result of a surgery he underwent to treat prostate cancer last year. The notification from Ryder about the planned procedure on Friday is part of the Pentagon’s attempt to be more transparent about Austin’s health – Austin underwent two surgeries at Walter Reed…
Most people are confused about how much money they need to retire comfortably, and financial services firms often add to the confusion. Two recent surveys show the confusion, especially when compared with other data. American adults say on average they now need $1.46 million to retire, according to the Northwestern Northwestern Mutual 2024 Planning & Progress Study. That’s 15% higher than a year earlier and a 50% increase since 2020. The increase is significantly more than the roughly 5% annual inflation during that period. In another survey, about 49% of workers said they needed more than $1 million, according to…
Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. The interest rate on a 30-year fixed-rate mortgage is 6.990% as of May 24, which is 0.115 percentage points higher than yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 6.125%, which is unchanged from yesterday. With mortgage rates changing daily, it’s a good idea to check today’s rate…
Amid 2024 presidential election campaigning, student loan debt and forgiveness is a critical issue to American voters with college graduates struggling to contribute to their loan tab. Across the country, Gen X and a portion of baby boomers racked up an average of $44,331 in loan debt per capita, which is a quarter above the U.S. average, according to DegreeChoices, a higher education research group.”Federal loan debt in the United States totals $1.727 trillion, accounting for 92.8% of all student loan debt, with the remainder borrowed from other sources, such as home equity loans and child funding,” David Levy of…
Inflation has steadily been rising in recent years. The Consumer Price Index — a major measure of inflation — rose again in March, by 0.4% on all items. Rising inflation is causing consumers to rely more heavily on credit cards for everyday expenses, a Varo Money survey found. Close to 65% of respondents to the survey blame their added credit card usage on inflated prices on essentials like groceries and utilities. An additional 55% cite the increased cost of living as the reason behind their reliance on credit cards.Gen Z has increased their credit card usage the most. About 35%…
