Top Stories Archives - Page 57 of 1424

2 minute read

Microsoft To Fund Startup That Enhances AI Deployment

June 4, 7:16 PM

Touchcast Inc., a startup focused on caching generative AI queries, is set to raise $100 million from venture backers, including Microsoft Corp. The New York-based company aims to reduce computational and energy requirements for models like OpenAI's GPT-4. CEO Edo Segal expects the new funding to push Touchcast's valuation to at least $350 million.

ACN

2 minute read

Modi Set To Lose India Majority, Needs Allies To Keep Power

By Michael Cohen

June 4, 4:50 PM

Modi set to lose majority in Indian elections, leading to speculation of coalition government and impact on stock market.

EPI

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Oil Prices Drop For Fifth Straight Session, Hit 4-Month Low On Growth Concerns, ‘Bearish’ OPEC+ Meeting

By Piero Cingari

June 4, 4:49 PM

Oil prices drop for 5th day due to economic growth concerns & OPEC+ supply decision. U.S. economic data raises fears of slowdown, affecting demand.

USO

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Biden Criticizes Netanyahu For Standstill On Cease-Fire Efforts As Tensions Escalate With Lebanon

By Piero Cingari

June 4, 4:33 PM

Critics blame Netanyahu for prolonging the Gaza war for political gain. There's "every reason for people to draw that conclusion," Biden says.

EIS

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‘Buying Call Options Is Not Illegal’: Professional Trader Calls Potential Roaring Kitty Ban ‘Absurd’

By Aaron Bry

June 4, 4:32 PM

Morgan Stanley's E-Trade is reportedly considering a ban on Roaring Kitty's trading account due to potential stock manipulation after he disclosed a $100-million GameStop position. Professional trader criticizes the idea, says buying calls is not illegal.

GME

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Bitcoin Races Past $70K, Ethereum, Dogecoin Inch Into Green: ‘Bitcoin Needs To Break This Final Major Resistance Area’ To Go Parabolic

By Khyathi Dalal

June 4, 4:10 PM

Cryptocurrency markets spiked on Tuesday, with Bitcoin pushing beyond $70,000 amid rising institutional capital inflows. Prices as of 4 p.m. ET:

$DOGE

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STMicroelectronics Stock Gains After EV Deal With Geely Auto – What’s Going On?

By Anusuya Lahiri

June 4, 4:05 PM

STMicroelectronics & Geely signed SiC supply deal for electric vehicles, also collaborating on solutions for automotive electronics & new energy vehicles.

CLIA

1 minute read

Nvidia, AMD Chips To Get Dearer as Taiwan Semi Eyes AI Chip Price Hike

By Anusuya Lahiri

June 4, 4:01 PM

Chip stocks, including NVDA, AMD, QCOM, ARM, and Big Tech stocks like MSFT, META, GOOGL, AAPL, and AMZN, are trading lower due to TSMC's plans to raise AI chip production prices.

AAPL

2 minute read

National Institutes of Health Kickstarts Gilead Sponsored Trials For Twice-Yearly HIV Prevention Injection

By Vandana Singh

June 4, 3:57 PM

The US National Institutes of Health has launched two clinical trials to test a new long-acting form of HIV PrEP in cisgender women and people who inject drugs. These mid-stage studies will evaluate the safety and pharmacokinetics of lenacapavir, a bi-annual injectable antiretroviral drug.

GILD

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Open Letter For AI Companies Calls For Better Transparency, Protections For Whistleblowers

By Vandana Singh

June 4, 3:53 PM

The letter signed by current and former employees at OpenAI, Anthropic, and Google DeepMind, said AI can exacerbate inequality, increase misinformation and allow weapons systems to become autonomous and cause significant death.

GOOG