One exchange-traded fund is betting on a U.S. manufacturing job resurgence. Tema ETFs CEO and founder Maurits Pot is behind the American Reshoring ETF (RSHO) that focuses on industrials. “Some will call it deglobalization. We’re in the early innings,” Pot told CNBC’s “ETF Edge” this week. “At the heart of it is job creation, manufacturing … Read more
David A. Steinberg, CEO of Zeta Global Holdings, at the New York Stock Exchange. Source: NYSE Measuring the strength of the sprawling U.S. economy is no easy task, so one firm is sending artificial intelligence in to do the job. The Zeta Economic Index, launched Monday, uses generative AI to analyze what its developers call … Read more
A bullish move may be ahead for both value and growth in the year’s second half. VettaFi’s Todd Rosenbluth thinks value stocks, which have been market laggards, could get a lift from one of the biggest Wall Street events of the year: the FTSE Russell’s annual rebalancing. “It’s worth paying attention to value,” the firm’s … Read more
The news industry just gained a powerful ally in its effort to take on OpenAI. The Center for Investigative Reporting, the country’s oldest nonprofit newsroom, sued OpenAI and lead backer Microsoft in federal court on Thursday for alleged copyright infringement, following similar suits from publications including The New York Times, Chicago Tribune and the New … Read more
As design firm Figma rolls out its first major AI upgrade for its platform, CEO and co-founder Dylan Field is taking no chances with customers amid steep AI adoption and demand curves and consumer hype. Figma is paying the cost of the AI upgrade for now instead of attempting to charge customers. “We’re gonna eat … Read more
Budrul Chukrut | Lightrocket | Getty Images OpenAI and Time magazine on Thursday announced a “multi-year content deal” that will allow OpenAI to access current and archived articles from more than 100 years of Time’s history. The Microsoft-backed startup will be able to display Time’s content within its ChatGPT chatbot in response to user questions, according … Read more
Before Illia Polosukhin left Google in 2017, he had a brainstorming lunch and then returned to his desk to build what may have been the very first transformer, the neural network architecture that makes generative artificial intelligence possible. Now, Polosukhin is considered one of the founding fathers of modern AI. Polosukhin co-wrote the now famous … Read more
In the 13th arrondissement of the French capital Paris is an old rail freight station that has been converted into the world’s biggest startup campus. Known as Station F, the massive complex, which can house 1,000 startups and has corporate partners including U.S. tech giants like Meta and Google, underscores France’s push over the last … Read more
OpenAI’s chief technology officer Mira Murati says AI may help expand humans’ creativity — but the technology could wipe out some creative jobs as well. On June 19, Dartmouth College’s school of engineering held a discussion with Murati about the potential effects OpenAI’s tools, such as ChatGPT, may have on different industries. During the conversation, … Read more
Luis Alvarez | Digitalvision | Getty Images Nvidia CEO Jensen Huang said at the World Government Summit in Dubai earlier this year, “It is our job to create computing technology such that nobody has to program.” So far in the artificial intelligence hype cycle, software engineers are still operating at full force, with demand for … Read more
