Artificial intelligence researchers in recent days have been speaking out against media reports that dramatize AI research that Facebook conducted. An academic paper that Facebook published in June describes a normal scientific experiment in which researchers got two artificial agents to negotiate with each other in chat messages after being shown conversations of humans negotiating. […]
Read moreGoldman Sachs Chief Financial Officer Marty Chavez said on Tuesday that the market for fixed income trading has not improved much since the second quarter. Chavez said on a call with fixed income investors that low volatility—which caused a slump in trading revenue for Goldman during the second quarter—had “essentially continued into this quarter.” Goldman […]
Read moreAs the most valuable American company by market capitalization, Apple‘s financial results are an event that often has markets on edge. But as expectations for the next iPhone overshadow spring sales, the top and bottom line may not top of mind for many on Wall Street. Luckily, Tuesday night’s report promises a wealth of data […]
Read moreDow transports and Dow industrials diverged in July: here’s what it means. While transports fell 4 percent last month, the Dow industrials rose almost 3 percent. This divergence is notable since transports had just hit new highs. But across the board, airlines, railroads, truckers and logistics firms declined. What’s going on? You can only stretch […]
Read moreApple needs to increase its market share in China, but it shouldn’t have bowed to the country’s smartphone demands to do so. By removingVPN applications from the iTunes App Store in China earlier this week, it helps the government stifle its residents’ access to internet content it deems inappropriate, including news from around the world. […]
Read moreMicrosoft is now officially selling mixed reality headsets built by Acer and HP. The headsets cost $299 and $329, respectively, and offer relatively similar specs. If you have a computer powerful enough to support them — you’ll need a modern graphics processor such as an NVIDIA GeForce 1060 to begin — the headsets are capable […]
Read moreProcter & Gamble blasted Nelson Peltz’s efforts to join the consumer goods conglomerate’s board, saying the investor was not entitled to a seat and that he was being wrongly advised by people who were not in tune with the company’s operations. P&G’s salvo comes weeks after Peltz’s Trian Fund Management sought a board seat for […]
Read moreA day where shoppers don’t even have to think about what they need to purchase — let alone push a button — is quickly approaching, Chieh Huang, Boxed co-founder and CEO, said Tuesday on CNBC’s “Squawk Box.” “The machine learning algorithm is getting better and better” in being used in e-commerce, he said. Boxed, started […]
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Oil prices plunged back below $49 a barrel on Tuesday after another report that OPEC’s output rose last month despite the cartel’s deal to slash production. A survey of analysts conducted by Bloomberg News suggested OPEC’s July output rose by 210,000 barrels a day to 32.87 million barrels a day. That was a bigger jump […]
Read moreSnap‘s stock is boxed into a corner, and CEO Evan Spiegel’s quest to hoard control of his company may be a factor. Shares fell more than 2.5 percent on Tuesday morning after the S&P 500 made an unexpected change that will prevent Snap from joining the index. The conflict centers on the co-founders’ decision to […]
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