IBM on Wednesday said it will spend $240 million to open a Watson-branded artificial intelligence research lab in collaboration with a long-time partner, the Massachusetts Institute of Technology. IBM has made larger financial commitments in the past. Still, the amount of money is notable in the world of AI research. MIT is no stranger to […]
Read moreJapan and a whole range of other countries could see upheavals in their bond markets if Norway goes ahead with new proposals for its sovereign wealth fund, according to industry experts. In a letter released over the weekend, Norges Bank proposed restricting its fixed income and corporate bond investments exclusively to the euro, the U.S. […]
Read moreChina’s air force has carried out exercises near the Korean Peninsula, practicing to defend against a “surprise attack” coming over the sea, Chinese state media said. The exercises came days after North Korea’s sixth, and most powerful, nuclear test fueled global concern that the isolated nation plans more weapons tests, possibly of a long-range missile. […]
Read moreU.S. Treasury Secretary Steve Mnuchin said on Wednesday that if the United Nations does not put additional sanctions on North Korea over nuclear tests, he has an executive order ready for President Donald Trump to sign that would impose sanctions on any country that trades with Pyongyang. “I have an executive order prepared. It’s ready […]
Read moreFacebook has turned over all information about ads “likely” purchased by Russian operatives to special counsel Robert Mueller, according to a report. A source familiar with the matter told Reuters on Wednesday that the social media giant had sent the former FBI director data including copies of the ads and the identity of the buyers. […]
Read moreDeere is bringing more robots to the farm. The maker of John Deere agricultural equipment said on Wednesday that it’s acquiring robotics start-up Blue River Technology for $305 million. The deal is expected to close in September. Based in Silicon Valley, Blue River makes “see-and-spray” robots that affix to tractors. They use computer vision to […]
Read moreThe White House has set aside for now consideration of terminating the U.S. trade agreement with South Korea, a senior administration official said on Wednesday. President Donald Trump had been discussing with his senior advisers ending the trade deal out of concern that it was tilted against the United States. Source: cnbc china US halts […]
Read moreRob Coppedge is CEO of Echo Health Ventures in Seattle and has been investing and working in health care for 20 years. Let me be clear: I believe strongly in the need for substantive, consumer-centric transformation of the health care system and have been a long-term proponent of the power of entrepreneurs to catalyze and […]
Read moreWhen CNBC’s Jim Cramer first started working at Goldman Sachs in 1984, he used to get calls from his mother, who loved the stock market and would ask him for quotes on her favorite stocks. She chose to invest by buying what she knew and staying on top of it. She liked to shop at […]
Read moreWith popular cryptocurrency bitcoin a few percentage points away from a new high, Yale economics professor Robert Shiller shared his theory on why it resembles a bubble. Shiller, who won the Nobel Prize in Economics for his work on bubbles, told CNBC’s “Fast Money” on Wednesday that often bubbles are promulgated by stories, not metrics. […]
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