Author: Daniel snow
Superintelligent AI doesn’t exist yet, but companies like Meta are pouring billions into making it happen. Source link
Billionaire entrepreneur and investor Mark Cuban says that artificial intelligence has the potential to generate more wealth for a single person than any individual has ever accumulated before.Specifically, Cuban predicts that AI will help create the world’s first trillionaire, he said on a recent episode of the podcast “High Performance.” That person will be someone who is able to harness AI in a yet-to-be-discovered way, he added.’We haven’t seen the best, or the craziest, of what [AI] is going to be able to do,” said the 66-year-old former “Shark Tank” star. “Not only do I think it’ll create a trillionaire,…
Short and sweet: That was this week’s stock market in a nutshell. The second half of the year kicked off in record style, with both the S & P 500 and the Nasdaq closing at multiple all-time highs, including in Thursday’s holiday-shortened session. The U.S. stock market is closed on Friday for the Fourth of July. Extending its stunning comeback from its April sell-off, Club stock Nvidia broke all kinds of records this week as its market value topped $3.9 trillion on Thursday. It ended the day up 1.3% at $159.34 a share, good for a $3.89 trillion market cap.…
Readers voice outrage over appalling conditions in immigrant detention centers. Also: Paramount’s settlement; political violence; not pro bono. Source link
A UBS analyst says the news “increases the probability more tariff increases for other countries are coming.” Source link
Ilya Sutskever, co-founder and chief scientist of OpenAI, speaks at Tel Aviv University in Tel Aviv, Israel, June 5, 2023.Jack Guez | AFP | Getty ImagesOpenAI co-founder Ilya Sutskever said he will assume the CEO role at Safe Superintelligence, the artificial intelligence startup he launched last year.Sutskever’s announcement on Thursday comes after Meta poached Daniel Gross, a longtime entrepreneur and AI investor who had been CEO of Safe Superintelligence.In a post on X, Sutskever said Gross’ time at the company has been “winding down,” and that his last day was June 29. Safe Superintelligence co-founder Daniel Levy will now serve as…
President Donald Trump’s megabill could have a big impact on financial-services platform Robinhood Markets. Source link
Speaker of the House Mike Johnson, R-La., speaks to reporters as he walks back to his office as the House of Representatives waits to vote on President Trump’s “big beautiful bill” reconciliation package on July 3, 2025.Bill Clark | CQ-Roll Call, Inc. | Getty ImagesA massive package of tax cuts championed by President Trump and awaiting a final vote in the House would be a windfall for the wealthiest U.S. households. But the size of that financial benefit depends largely on where high-income taxpayers live, according to a new analysis by the Institute on Taxation and Economic Policy.The legislation would…
Also: A look ahead as the S&P 500 returns to setting record highs; how to decide on a Roth IRA conversion; and more pointed advice from the Moneyist. Source link
Here’s how Tripadvisor’s stock valuation stacks up with rivals such Expedia, Booking and Airbnb. Source link