Author: Press Room
Stay informed with free updatesSimply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox.Elon Musk told UK prime minister Rishi Sunak there “will come a time where no job is needed” as the billionaire entrepreneur described artificial intelligence as the “most disruptive force in history” in a wide-ranging conversation.Speaking in the lavish Lancaster House in London, the Tesla chief executive and owner of SpaceX and X said he believed there would come a time when “you can have a job if you want a job . . . but AI will be able to do everything”. The discussion between…
© Reuters. FILE PHOTO: Monster energy drinks are seen for sale in a motorway services shop, Reading, Britain, January 25, 2019. REUTERS/Peter Cziborra/File Photo (Reuters) – Monster Beverage Corp (NASDAQ:) beat estimates for third-quarter profit on Thursday, helped by higher pricing for its energy drinks and hard seltzers, sending the company’s shares up about 3% in extended trade. Monster, like industry leaders Coca-Cola (NYSE:) and PepsiCo (NASDAQ:), has seen demand hold up largely for its beverages, despite a string of price increases. The company has also seen costs of freight and aluminum cans come down from the pandemic highs, helping…
© Reuters. Expedia app is seen on a smartphone in this illustration taken February 27, 2022. REUTERS/Dado Ruvic/Illustration/File Photo (Reuters) – Expedia (NASDAQ:) Group on Thursday announced a new share buyback plan of $5 billion after posting a better-than-expected quarterly profit, as the online travel booking company benefited from resilient demand and higher rates that boosted margins. Shares of the Vrbo and Hotel.com operator rose 10% after the bell. U.S. travel companies in the last few months has seen a sharp rise in demand for international travel as people free from restrictions take advantage of a strong dollar and flexible…
AMN Healthcare Services beats Q3 top and bottom line estimates; initiates Q4 outlook
Senate Democrats are trying a novel strategy to break Senator Tommy Tuberville’s blockade of senior military promotions, as pressure builds among his fellow Republicans and Defense Department officials to end his monthslong hold in protest of the Pentagon’s abortion access policies.Senator Chuck Schumer, Democrat of New York and the majority leader, said on Wednesday that he would seek to temporarily go around the chamber’s rules to allow confirmation of almost all military nominees as a bloc. A vote could take place as soon as next week.That would restore what had been routine practice in the Senate before Mr. Tuberville, an…
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Stay informed with free updatesSimply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox.Leading artificial intelligence companies have agreed to allow governments including the UK, US and Singapore to test their latest models for national security and other risks before they are released to businesses and consumers.Companies including OpenAI, Google DeepMind, Anthropic, Amazon, Mistral, Microsoft and Meta on Thursday signed a “landmark” but not legally binding document, closing a two-day AI safety summit in the UK. The document was signed by governments that also included Australia, Canada, the EU, France, Germany, Italy, Japan and South…
© Reuters. Toy figures of people are seen in front of the displayed Paramount + logo, in this illustration taken January 20, 2022. REUTERS/Dado Ruvic/Illustration/File Photo (Reuters) – Media company Paramount Global beat third-quarter revenue and profit estimates on Thursday and said costs at its streaming division have peaked, sending its shares surging 10% in extended trading. The integration of Paramount+ with Showtime has helped the company boost its subscription numbers, as well as advertising revenue from its streaming service, while creating room for it to keep costs in check. Paramount+ added 2.7 million subscribers in the third quarter, beating…
© Reuters. Apple earnings beat by $0.07, revenue topped estimates Investing.com – Apple (NASDAQ: ) reported fourth quarter EPS of $1.46, $0.07 better than the analyst estimate of $1.39. Revenue for the quarter came in at $89.5B versus the consensus estimate of $89.31B. Apple’s stock price closed at $177.57. It is down -2.43% in the last 3 months and up 27.86% in the last 12 months. Apple saw 18 positive EPS revisions and 6 negative EPS revisions in the last 90 days. See Apple’s stock price’s past reactions to earnings here. According to InvestingPro, Apple’s Financial Health score is “good…
© Reuters. A logo for TMX Group, which operates the Toronto Stock Exchange, is seen after the company announced it was shutting down all markets for the rest of the day after experiencing issues with trading on all its exchange platforms in Toronto, Ontario, Canada By Ismail Shakil and Nia Williams OTTAWA (Reuters) -The Canada Energy Regulator (CER) on Thursday ordered the Trans Mountain pipeline expansion project to stop work in a wetland area near Abbotsford, British Columbia, after inspectors found several environmental and safety-related non-compliances. Some of the non-compliances include insufficient fencing to protect amphibians and unapproved vegetation clearing,…