In a Wednesday interview with CNBC’s Jim Cramer, CrowdStrike CEO George Kurtz described how it serves customers who are using legacy technology from other companies. “One of the things that I talked about in my…prepared remarks on the earnings call was this concept of a monoculture,” Kurtz said. “Customers are at risk when they are …
That route between Beijing South Railway Station and the suburb of Yizhuang is set to open a public-facing robotaxi service in the next week or two, Ning Zhang, vice president at Pony.ai and head of its Beijing research and development center, told CNBC in an exclusive interview Thursday. He cited pending government permits. By the …
Best Buy CEO Corie Barry told CNBC’s Jim Cramer the electronics retailer is getting ready to sell a slew of new artificial intelligence-enabled personal computers. “We are, as you can imagine, arming ourselves on every angle to be the single best place to come experience this across the assortment,” Barry said. “So, you’re going to see …
Fund managers’ love for artificial intelligence-related stocks has grown as many of these tech companies have become their essential holdings in the portfolio, according to Bank of America’s analysis. The Wall Street firm looked at the holdings of U.S. large-cap equity mutual funds that are actively managed. It screened the S & P 500 for …
The growing need to feed power-hungry artificial intelligence models could benefit an under-the-radar power management stock, according to Wall Street analysts. Shares of Eaton have rallied more than 41% since the start of 2024 and are up about 103% over the past year. The company creates electrical components and power distribution systems, with exposure to …
Amazon is upgrading its decade-old Alexa voice assistant with generative artificial intelligence and plans to charge a monthly subscription fee to offset the cost of the technology, according to people with knowledge of Amazon’s plans. The Seattle-based tech and retail giant will launch a more conversational version of Alexa later this year, potentially positioning it …
John Chambers, CEO of Cisco, at the 2015 CGI Annual Meeting in New York. Adam Jeffery | CNBC Artificial intelligence will power the stock market for the next decade, former Cisco CEO John Chambers told CNBC on Wednesday. Chambers, who is also the founder and CEO of JC2 Ventures, said that AI will not only …
Citi recently named one under-the-radar company to buy on a “data and AI opportunity.” That’s U.S.-listed ExlService Holdings , an analytics and digital solutions company. “With AI, EXLS views its differentiation and opportunity in its ability to combine domain, data, and AI expertise to embed AI into client workflows and fine-tune models to get higher …
Baupost’s Seth Klarman found a slew of buying opportunities in the first quarter, including a handful of artificial intelligence-linked stocks, according to a new regulatory filing. The noted hedge fund investor added a sizable stake in web recommendation platform Outbrain last quarter, building a bet worth more than $100 million and making it his ninth …
CNBC’s Jim Cramer on Monday reminded investors that much of the stock market currently depends on the Federal Reserve’s interest rate decisions, which are hard to predict as inflation persists. He said he is hopeful new artificial intelligence technology will help cut costs, but stressed that it will not happen any time soon. “We keep …