Amazon’s market-leading cloud business is launching a bunch of artificial intelligence tools. On Wednesday at the Amazon Web Services re:Invent conference in Las Vegas, AWS CEO Andy Jassy announced one new AI service after another. The new tools do things like measure sentiment, track people in video feeds, and translate languages, among other things. Here […]
Read more
THE better artificial intelligence gets, the greater the popular concern that smart machines will soon usher in a labour-market catastrophe. In Chandler, Arizona, Americans can at this moment hail a ride from a car without a human at the wheel. Web users can read high-quality, instant translations of foreign-language newspapers—no professional translation service needed. And […]
Read moreAndrew Left is bearish on shares of Roku, the maker of TV streaming devices, at their current price level. The noted short-seller debated with Needham’s Laura Martin about the hot stock on CNBC’s “Halftime Report” Wednesday. Martin raised her price target to $50 from $28 for Roku shares on Monday, sparking a rally for the […]
Read more
IN 1929 the Lever Brothers, a British soapmaker, merged with Margarine Unie, a Dutch margarine manufacturer, to form Unilever. The company has an annual turnover of over €50bn ($59bn), and a portfolio of brands that is recognisable worldwide, from its Flora spread to its Persil detergent. It has retained dual nationality for nearly 90 years, […]
Read moreSnapchat’s new design is meant to be easier for people to understand and use. But some advertisers are concerned they will have to adapt to the new design, which will separate content posted by friends from publisher and community posts. “By separating consumer conversation from brand and publisher conversation, we are witnessing the death of […]
Read moreAmazon has a track record of coming out with hardware like tablets and smart speakers. And a couple of years ago Amazon’s cloud division joined in the fun with a box full of hard drives for moving data to the cloud. Now Amazon Web Services is going further with a special camera that can run […]
Read moreCurrency, United States Finance
British PM's office: Trump 'is wrong' to share 'hateful' UK group's anti-Muslim videos
In a rare rebuke to the United States, British Prime Minister Theresa May’s office on Wednesday condemned President Donald Trump‘s decision to retweet three anti-Muslim videos from a leader of an anti-immigrant political group in the U.K. The far-right fringe group Britain First is an ultra-nationalist party that opposes what it calls the “Islamization” of […]
Read moreAmazon’s consumer marketplace has gone from an online bookseller to an “everything store.” And Amazon’s head of cloud services just revealed that the company’s enterprise division could achieve a similarly grandiose position. CNBC’s Jon Fortt asked Amazon Web Services CEO Andy Jassy if Amazon could become the world’s largest enterprise company. “It has the chance, […]
Read moreSelf-help guru and former hedge fund manager James Altucher thinks bitcoin will reach $1 million in three years. Bitcoin surged to a record high of $11,377.33 Wednesday morning, according to CoinDesk. Outspoken libertarian and MGT Capital Investments CEO John McAfee subsequently tweeted that he predicts bitcoin will reach $1 million by the end of 2020, […]
Read moreRepublican leaders will pass a tax bill, but it’ll be a “watered down” version from what was originally envisioned, closely followed strategist Jim Paulsen told CNBC on Wednesday. The full Senate could vote on a tax reform bill as early as Thursday, but some lawmakers and conservative groups remain in disagreement about certain parts of […]
Read more