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Elon Musk’s AI jobs prediction gets harsh reality check
TheStreet39d agoneutral
Elon Musk’s AI jobs prediction gets harsh reality check

Tesla CEO (TSLA) Elon Musk is back again, pushing one of his boldest claims about the AI boom, in which the technology might eventually make work optional. Musk first made that prediction at the U.S.-Saudi Investment Forum. Sitting alongside Nvidia CEO Jensen Huang, Musk told the crowd, “My ...

SpaceXAI launches Grok 4.5 model for coding, agentic tasks
Reuters39d agoneutral
SpaceXAI launches Grok 4.5 model for coding, agentic tasks

SpaceXAI on Wednesday launched the Grok 4.5 AI model, calling it the company's most intelligent offering to date designed ‌for coding and agentic tasks. Here are some details: • SpaceXAI said Grok 4.5 ‌was trained across tens of thousands of Nvidia GB300 graphics processing units, with a focus ​on meticulous data filtering, deduplication and quality scoring. "We've partnered with SpaceXAI to train Grok 4.5," popular AI coding agent Cursor said.

Price Prediction: Can Costco Stock Double by 2032?
24/7 Wall St.39d agoneutral
Price Prediction: Can Costco Stock Double by 2032?

Costco (NASDAQ:COST) keeps quietly compounding while the stock market debates AI and rate cuts. Membership fees hit $1.37 billion last quarter, worldwide renewals sit at 89.7%, and comparable sales just accelerated to 9.8%. Cost stock trades at $950.25, up 10.51% year to date but still 3.18% below where it traded a year ago. Can this ... Price Prediction: Can Costco Stock Double by 2032?

Alibaba Surges 9% Ahead of Earnings, Baidu Gains 5% as Chinese E-Commerce and Tech Stocks Rally
24/7 Wall St.39d agobullish
Alibaba Surges 9% Ahead of Earnings, Baidu Gains 5% as Chinese E-Commerce and Tech Stocks Rally

Shares of Alibaba (NYSE:BABA) are up 9% to $106 and change in early Wednesday trading, leading a broad rally in Chinese internet and e-commerce names. Alibaba stock closed at $98.14 on Tuesday, and even after this morning’s pop the shares remain down 28% year to date. The move extends well beyond Alibaba. Baidu (NASDAQ:BIDU) shares ... Alibaba Surges 9% Ahead of Earnings, Baidu Gains 5% as Chinese E-Commerce and Tech Stocks Rally

The U.S. Government Is Now Using Anthropic’s AI to Hunt Bugs in Its Own Code
24/7 Wall St.39d agoneutral
The U.S. Government Is Now Using Anthropic’s AI to Hunt Bugs in Its Own Code

On CNBC’s Squawk Box on July 7, 2026, anchors dug into fresh Reuters reporting that the U.S. cyber defense agency is using Anthropic’s Mythos software to audit federal code for vulnerabilities foreign adversaries could exploit. The tool, per that reporting, has already flagged a meaningful number of bugs in government systems. For an industry that ... The U.S. Government Is Now Using Anthropic’s AI to Hunt Bugs in Its Own Code

Perplexity says it plans to use Nvidia's new CPU
Reuters40d agoneutral
Perplexity says it plans to use Nvidia's new CPU

AI startup Perplexity on Tuesday confirmed it plans to use Nvidia's new ‌central processing units, as the chip giant works to ‌broaden its market and take on entrenched players such as Intel and Advanced ​Micro Devices. Nvidia has said it expects to generate $20 billion in sales from its "Vera" CPU, a more generic computing chip than its AI-specific offerings, by the end of this fiscal year. The Vera chips ‌are part of ⁠Nvidia's efforts to diversify sales as artificial intelligence companies such as OpenAI and DeepSeek make their own ⁠AI chips.

Oil’s $100 Threshold: What It Means for Energy Stocks Now
24/7 Wall St.40d agoneutral
Oil’s $100 Threshold: What It Means for Energy Stocks Now

The Number With oil now trading well below the $100 level (and seemingly poised to continue heading lower, after OPEC announced further production increases recently and recessionary concerns pick up), it’s unclear where certain oil stocks are headed. One such name that’s on my radar right now just reported its Q1 2026 earnings in early ... Oil’s $100 Threshold: What It Means for Energy Stocks Now

Ford Vs. Tesla: 2 American Icons With Upside, Which to Buy
24/7 Wall St.40d agobullish
Ford Vs. Tesla: 2 American Icons With Upside, Which to Buy

Ford (NYSE:F) and Tesla (NASDAQ:TSLA) just closed the books on Q1 2026. Ford leaned on trucks, fleet software, and a raised outlook. Tesla leaned on margin recovery, FSD subscriptions, and a roadmap stuffed with robots. Both grew revenue. Only one is priced like a growth story. Trucks Carry Ford. Margins Carry Tesla. Ford posted $43.25 ... Ford Vs. Tesla: 2 American Icons With Upside, Which to Buy

Exclusive-China's DeepSeek developing its own AI chip, sources say
Reuters40d agoneutral
Exclusive-China's DeepSeek developing its own AI chip, sources say

July 7 () - Chinese startup DeepSeek is developing its own AI chip, according to three people familiar with the matter, a push that could reduce its reliance on Nvidia and Huawei chips, which it has depended on to train and run its globally popular models. The chip is designed for ‌inference — the stage of AI computing in which a trained model generates responses for users — rather than for training new models, the sources said.