Author: franperez66q@protonmail.com
CNBC’s Jim Cramer said on Monday that Amazon CEO Andy Jassy’s earnings call changed how Wall Street views massive artificial intelligence investments.”Until Jassy spoke, the market seemed highly skeptical of how these megacap tech companies were spending money,” the “Mad Money” host said. “That’s no longer the case.”For months, investors had questioned whether the hyperscalers’ enormous spending on the AI buildout would ever translate into meaningful returns. Cramer said Jassy’s explanation on Amazon’s earnings call finally gave Wall Street the “line of sight” it needed to understand how those investments will pay off.”It was Jassy’s calm, thoughtful presentation that allowed…
CANADA – 2026/06/23: In this photo illustration, the Grab logo is seen displayed on a smartphone screen. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images)Sopa Images | Lightrocket | Getty ImagesGrab, Southeast Asia’s leading ride-hailing and delivery firm, raised its full-year outlook on Tuesday as it reported record second-quarter results, with resilient consumer demand across the region holding up despite macroeconomic headwinds. Shares of the Nasdaq-listed company rose 4.86% in extended trading. “AI is now embedded in the Grab way of life, whether it’s in our products or the way we work,” Grab CFO Peter Oey told CNBC’s “Squawk Box Asia”,…
Palantir topped second-quarter earnings estimates on Monday and said commercial revenue more than doubled from a year ago. The stock surged 12% after the numbers were released.Here’s how the company did versus LSEG estimates:Earnings per share: 41 cents adj. vs. 35 cents expectedRevenue: $1.94 billion vs. $1.80 billion expectedRevenue climbed 93% from about $1 billion a year ago. Palantir reported net income of $1.07 billion, or 41 cents per share, compared to about $329 million, or 13 cents per share in the year-ago quarter.”Forget consensus,” CEO Alex Karp told CNBC’s Seema Mody in an exclusive interview. “To my knowledge, no…
Earlier this summer, nearly 160,000 applicants took the entrance exam for UNAM, Mexico’s largest university. For the first time, they did it completely remotely, using a “lockdown” browser and AI-powered webcam proctoring software, over several weeks from late May through early June. It was a disaster. When exam results came in, they bore little resemblance to past results, especially at the top. Between 2021 and 2025, 3.5 percent of test takers scored 100 or more on the 120-question UNAM test. This year, 16.3 percent did so. The story was even worse at the highest of the high end. Between 2021…
CNBC’s Jim Cramer on Monday said Wall Street’s “basket trades” during the Iran war are distorting stock prices, urging investors to use the dislocations to their advantage. “The best thing? They create real opportunities, as the stocks divorce themselves from the fundamentals until the companies report,” the “Mad Money” host said. “There are big gains to be had when the worth of the baskets blows up in the face of real earnings.” Cramer said traders have increasingly grouped stocks into baskets that rise or fall together based on broad themes rather than company-specific fundamentals. While those trades often dominate day-to-day…
Cost-effective AI for battlefield drones Until now, the Ukrainian military has mainly relied on human operators to manually guide drones toward their targets, with the exception of mid- or long-range strike drones such as the $5,000 AI-powered “Hornet” drones developed by the California-based company Perennial Autonomy founded by former Google CEO Eric Schmidt. Those drones often fly far beyond the frontlines to target Russian oil refineries and energy infrastructure, factories and warehouses, or even ships in the Sea of Azov and the Black Sea. But Auterion focused on creating AI-powered capabilities for the cheaper, shorter-range FPV drones that have become…
The Federal Reserve may soon be drawn into the Trump administration’s efforts to back the embattled currency of U.S. ally Japan. Treasury Secretary Scott Bessent wants the apolitical Fed to expand a lending facility that would enable Japan to support its currency without roiling the sensitive U.S. Treasurys market. That request comes as new Fed Chairman Kevin Warsh is seeking to rewrite the relationship between the Treasury and the Fed. How the two collaborate could have important consequences for the management of the $29 trillion Treasurys market and could see the Fed take on a new role backing U.S. financial…
Palantir CEO Alex Karp doubled down on his criticism of the frontier artificial intelligence labs on Monday, arguing that enterprises shouldn’t be forced to give up their intellectual property to work with model makers.”We have people trying to drug addict us to a future they [frontier AI models] believe they control,” Karp said in an exclusive interview with CNBC. “Now, I’ve spent a lot of time with Dario [Amodei] and the Anthropic crew. They want to tell you we have to march into a future where we own nothing, where our businesses aren’t profitable, where none of us have jobs,…
Prisoners who committed rape, grooming, and serious child sex offences will be excluded from the forthcoming early release scheme for England and Wales, the government has said.Prime Minister Andy Burnham paused plans to release some prisoners in September as part of a bid to stop unprecedented prison overcrowding after backlash from survivors and victims. The scheme will now restart in October.Burnham said he “wanted to go even further”, but that would not possible without the prison system collapsing and putting the public “at much greater risk”.Lissie Harper, the widow of police officer Andrew Harper, said it was “disgusting” that his…
India Prime Minister Narendra Modi, left, with OpenAI CEO Sam Altman, center, and Anthropic CEO Dario Amodei at the AI Impact Summit in New Delhi on Feb. 19, 2026.Ludovic Marin | Afp | Getty ImagesTech companies’ venture capital portfolios are making corporate profits look a lot stronger than they really are. Microsoft, Amazon and Alphabet booked sizable investment gains in the most recent quarter thanks to stakes in Anthropic and OpenAI, and in one case, SpaceX. Anthropic and OpenAI have both seen soaring valuations in private markets, with both valued just south of $1 trillion amid the ongoing AI boom.…