Posts by Amelia Frost
Meta’s Muse Is Emerging as an AI Powerhouse. JPMorgan Sees Massive Potential and Raises Its Stock Price Target.
Meta Platforms may have found the product that could transform it from a social media giant into one of the dominant players in consumer artificial intelligence, with JPMorgan betting that its newly launched Muse agent could become the most widely used consumer AI application since ChatGPT. JPMorgan analyst Doug Anmuth raised the bank’s price target…
Read MoreAn OpenAI Agent Broke Into An Australian Medicare Portal. It Had Already Tried Bypassing Other Websites.
An OpenAI artificial intelligence agent gained unauthorized access to an Australian government Medicare statistics portal in June, retrieving public and nonpublic files after encountering restrictions while attempting to collect information about medical spending. The June 18 incident involved the Medicare Statistics Reporting Service, a public-facing website administered by Services Australia. The portal contains aggregate Medicare…
Read MoreThe AI Buildout Could Cost $10 Trillion. A Researcher Is Warning It Could Create Systemic Risks.
The U.S. artificial intelligence boom is rapidly becoming one of the largest infrastructure investments in American history. Still, the increasingly complex financial machinery funding it could create risks that extend well beyond Silicon Valley. A new study by Columbia Business School professor Stijn Van Nieuwerburgh, prepared for a Brookings Institution conference this week, estimates that…
Read MoreF-35 Parts Were Reportedly Diverted To Hong Kong. China Might Now Have Them.
UPS shipped airport components of an F-35 stealth fighter to Hong Kong, and China now has possession of the items, according to a new report. Politico detailed that a cockpit canopy and a weapons bay door were supposed to go from the U.S. to Australia in May, but the shipment was diverted to Hong Kong…
Read MoreOracle Reportedly Cited ‘Force Majeure’ To Delay Payments For a Data Center. Its Stocks If Falling.
Oracle shares are plunging on Thursday following a report claiming it cited “force majeure” to protect itself from higher expenses in the construction of a data center in New Mexico, according to a new report. The company’s stock fell almost 5.5% at 9:46 a.m. ET. Bloomberg detailed that Oracle sent the project’s developer the notice.…
Read MoreMore Fed Officials Are Signaling Support For a New Hike Before The End Of The Year. Here’s Where Chances Stand.
The chance of a Federal Reserve rate hike before the end of the year now stands above 68% after several officials signaled their willingness to support one as inflationary concerns continue to mount. The CME Group’s FedWatch tool shows a significant increase compared to last week, when the figure clocked in at 55.4%. Should it…
Read MoreChinese President Xi Jinping Is Already In Washington. Bessent Says a Trade Truce Has Been Extended.
Treasury Secretary Scott Bessent said the U.S. and China have extended a trade truce for two months as President Xi Jinping begins a state visit in Washington. Bessent said that the truce, which was agreed on last October in South Korea and was set to expire in November, has been pushed to January 10. Chinese…
Read MoreBrent Oil Could Skyrocket Past $150 If Wars Continue. Bank of America Warns Supply Crunch Could Last Into 2027.
Bank of America is warning that Brent crude oil could surge above $150 a barrel if the conflict with Iran drags into next spring and disruptions to global energy supplies continue to drain already-thin inventories. According to a note reported by CNBC, the Wall Street bank raised its oil price outlook as constrained shipments through…
Read MoreMorgan Stanley Says Investors Should Look Beyond U.S. Stocks. Here’s Where It Sees Opportunities.
Investors looking beyond U.S. stocks are finding stronger corporate earnings in Japan and Europe, where companies in sectors ranging from banking to defense have helped broaden opportunities outside Wall Street. Morgan Stanley senior portfolio manager Andrew Slimmon pointed to rising earnings estimates as a major factor behind the performance of Japanese equities this year, while…
Read MoreAI Is Reshaping The Entry-Level Job Market. Young Workers May Need A New Way In.
Artificial intelligence is taking on more of the routine work traditionally assigned to junior employees, changing what some companies expect from entry-level hires and how young workers gain the experience that has long formed the first stage of a career. At London advertising agency Catalyst, AI tools now handle research, gather data and produce initial…
Read MoreElectricity is Emerging as the Next Constraint on America’s AI Race
The artificial intelligence boom was supposed to be a race for chips, but it is Increasingly becoming a race for electricity. The United States is building data centers at a pace that is exposing a less glamorous but potentially more consequential constraint: the power grid’s ability to generate, transmit, and deliver electricity quickly enough to…
Read MoreOpenAI and Anthropic CEOs Warn UN of Losing Control Of AI, Call It a ‘Risk To Humanity’
The executives behind two of the world’s leading artificial intelligence companies warned the United Nations Security Council on Wednesday that the technology they are developing could eventually escape human control and pose a threat to humanity unless governments establish international safeguards. OpenAI CEO Sam Altman and Anthropic CEO Dario Amodei urged world leaders to introduce…
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