Author: Daniel snow

Wall Street isn’t immune from the plot line that has generative AI resulting in wholesale knowledge worker replacement. A new tool from AlphaSense, called Deep Research, won’t provide any comfort.The generative AI agent functions like a team of analysts operating at what AlphaSense calls “superhuman speed,” generating research and market insights, and building investment-grade briefings.But Jack Kokko, AlphaSense CEO and a former Morgan Stanley analyst and Wharton School MBA, isn’t worried about the job outlook for Wall Street professionals.”It’s a popular narrative,” Kokko told CNBC of the job replacement fears during an interview on “The Exchange” on Tuesday after AlphaSense…

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A Starbucks store is shown in Encinitas, California, on Feb. 24, 2025.Mike Blake | ReutersStarbucks plans to roll out a generative artificial intelligence assistant created with Microsoft Azure’s OpenAI platform to 35 locations this month as part of its strategy to simplify baristas’ jobs and speed up service in its cafes.The coffee chain showed off the new technology to more than 14,000 North American store managers at its Leadership Experience in Las Vegas on Tuesday. A broad launch of the “Green Dot Assist” platform across the U.S. and Canada is slated for the company’s fiscal 2026, which starts in the…

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A United Launch Alliance Atlas V rocket is on the launch pad carrying Amazon’s Project Kuiper internet network satellites, which are expected to eventually rival Elon Musk’s Starlink system, at the Cape Canaveral Space Force Station in Cape Canaveral, Florida, U.S., April 9, 2025. Steve Nesius | ReutersUnited Launch Alliance said Tuesday it was pushing back the second flight carrying Amazon’s Project Kuiper internet satellites due to “multiple weather delays during launch processing.”The launch from Florida’s Space Coast was originally slated for Friday afternoon, but it’s now scheduled to take place on June 16, at 1:25 p.m. ET, ULA said in…

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Walt Disney taking full ownership of streaming platform Hulu could unlock a new level of growth for the entertainment giant, according to CEO Bob Iger. He has a compelling case. In an interview Tuesday on CNBC, Iger said Disney buying all of Hulu is “the first big step in the direction of turning this into a real growth business for the company.” Shares of Disney advanced roughly 3.5%, reaching a 52-week high of $120 apiece. The stock is up nearly 7% year to date when including Tuesday’s gains. Disney is now set to finalize its acquisition of NBCUniversal’s 33% stake…

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