Monthly Archives: May 2024
Med tech stock Semler Scientific takes bitcoin play from MicroStrategy’s book, surges 37%
(CNBC) Semler Scientific, a little-known medical technology company, saw its shares surge Tuesday after it said it has adopted bitcoin as its primary treasury reserve asset, taking a page out of MicroStrategy’s playbook. The company, which develops products used in the detection […]
OpenAI former safety leader Jan Leike joins rival AI startup Anthropic
(CNBC) Jan Leike, one of the lead safety researchers at OpenAI who resigned from the artificial intelligence company earlier this month, said on Tuesday that he has joined rival AI startup Anthropic. Leike announced his resignation from OpenAI early on May 15, […]
Stock futures rise to kick off shortened trading week: Live updates
(CNBC) Stock futures advanced Monday night as investors await inflation data due at the end of the shortened trading week for a better picture of the market’s outlook. Futures tied to the Dow Jones Industrial Average added 38 points, or […]
Nvidia CEO Jensen Huang’s net worth swells from $3 billion to $90 billion in five years
(CNBC) Five years ago, Nvidia CEO Jensen Huang owned a stake in his chipmaker worth roughly $3 billion. After Thursday’s rally, which pushed the stock to a record, his holdings now stand at more than $90 billion. Nvidia last week reported first-quarter earnings that […]
Elon Musk’s xAI valued at $24 billion after fresh funding
(CNBC) Elon Musk’s artificial intelligence startup xAI raised $6 billion in series B funding, reaching a post-money valuation of $24 billion as investors bet big on challengers to companies like OpenAI in the intensifying AI race. The funding round was backed by investors […]
Segantii to shutter and return capital as insider trading case escalates
(Hedgeweek) Simon Sadler’s $4.8bn Asian hedge fund Segantii Capital Management has said it will wind down and return capital to its investors “in an orderly manner”, with about 140 employees across Hong Kong, New York and London affected by the decision. […]
PEVC investments in cybersecurity jump by 91% to $8.51bn
(Opalesque) The announced value of private equity (PE) and venture capital investments (VC) in cybersecurity vendors between Jan. 1 and May 5 totaled $8.51 billion, jumping 91% from $4.46 billion during the same period in 2023, said a report. According […]
The Fed probably won’t be delivering any interest rate cuts this summer
(CNBC) Investors likely will have to sweat out a summer during which it looks increasingly improbable that the Federal Reserve will be cutting interest rates. A batch of stronger-than-expected economic data coupled with fresh commentary from policymakers is pointing away […]
Stock futures are little changed after Dow posts worst session since March 2023: Live updates
(CNBC) Stock futures were little changed on Thursday evening, following the worst session in more than a year for the Dow Jones Industrial Average. Futures tied to the 30-stock Dow hovered near the flatline. S&P 500 futures ticked up by 0.06%, while Nasdaq 100 futures inched […]
Hedge funds cut Magnificent Seven exposure to invest in AI
(Hedeweek) Hedge funds are cutting their stakes in large-cap technology stocks, shifting their focus to a broader range of companies that are involved in, or stand to benefit from advancements in AI, according to analysis from Goldman Sachs. To read […]
SEC approves rule change to allow creation of ether ETFs
(CNBC)The SEC has approved a rule change Thursday that would pave the way for ETFs that buy and hold ether, one of the world’s largest cryptocurrencies. The decision comes less than six months after the Securities and Exchange Commission approved bitcoin ETFs. […]
Nvidia shares pass $1,000 for first time on AI-driven sales surge
(CNBC) Nvidia shares topped $1,000 for the first time in extended trading on Wednesday after the chipmaker reported fiscal first-quarter results that topped analyst estimates. Nvidia’s quarterly earnings report has become a way for investors to gauge the strength of the […]