Somewhere along the line we forgot how to value seven large companies. We knew they were better than almost all of the other companies out there. We knew that their managements were incredibly good and their prospects enormous. But looking back, we stopped caring at what price we bought these stocks and, instead, decided that … Read more
OpenAI announced Friday a New York City art gallery collaboration that gives artists access to unreleased artificial intelligence tools. The exhibit, a series called “Strada Nuova: New Road” on view at Strada Gallery will run for three weeks and centers on a “diverse group of artists [that] is curated to consist of brilliant researchers, academics, … Read more
A pedestrian passes by the Google office in New York City on Jan. 25, 2023. Leonardo Munoz | View Press | Getty Images A month after losing a landmark antitrust case brought by the Department of Justice, Google is headed back to court to face off for a second time against federal prosecutors. In August, … Read more
The artificial intelligence trade is not just for traditional tech companies. We have three industrial stocks in the portfolio that will keep getting more and more business as AI proliferates and data centers are built and rebuilt to handle the increasing computing workloads. Beyond AI, there are other fundamental reasons to buy them as well. … Read more
Amazon Web Services CEO Adam Selipsky speaks with Anthropic CEO and co-founder Dario Amodei during AWS re:Invent 2023, a conference hosted by Amazon Web Services, at The Venetian Las Vegas in Las Vegas on Nov. 28, 2023. Noah Berger | Getty Images Almost three years into a largely dormant IPO cycle, venture capitalists are in … Read more
Abbie Parr | Getty Images Sport | Getty Images The Seattle Seahawks may be the next National Football League team to sell. Beyond that, it’s anyone’s guess when another franchise will change hands. Former Seahawks owner and Microsoft co-founder Paul Allen died in 2018. Since Allen’s death, the team has been controlled by a trust … Read more
Ryan Flournoy, #18 of the Dallas Cowboys, catches a touchdown pass as Matt Hankins, #23 of the Los Angeles Chargers, defends during the first half of a preseason game at AT&T Stadium in Arlington, Texas, on Aug. 24, 2024. Ron Jenkins | Getty Images Sport | Getty Images A National Football League team today is … Read more
Tech stocks are looking to stabilize following Tuesday’s brutal session and Wednesday’s modest hangover. With many names well off their highs and the market finally shaking its string of ten straight overbought sessions, we are looking for places to put some of our robust 10% cash position to work. Following Tuesday’s sell-off, we wrote about … Read more
A group of Amazon delivery drivers hold a labor strike at the DAX7 Amazon Sortation Center in South Gate. The police became involved due to the hold up of Amazon vehicles. Zoe Cranfill | Los Angeles Times | Getty Images Amazon should be considered a “joint employer” of some of its contracted delivery drivers, a … Read more
Anthropic on Wednesday rolled out Claude Enterprise, its biggest new product since its chatbot’s debut and a step up for businesses looking to integrate Anthropic’s artificial intelligence. The Amazon-backed AI startup, founded by former OpenAI research executives, is the company behind Claude — one of the chatbots that, like OpenAI’s ChatGPT and Google’s Gemini, has exploded … Read more
