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[ad_1] Artificial intelligence is all the rage right now. And according to tech investor Mark Hawtin, there's a smart way to jump on the trend: playing the data theme. AI has taken Wall Street by storm since since ChatGPT was launched and went viral — causing a surge in interest among investors in what stocks could benefit from the trend. Stocks such as tech giant Microsoft, which backed ChatGPT, Alphabet — which developed a chatbot — as well as semiconductor firms like Nvidia have come up as obvious plays on AI. ChatGPT was created by San Francisco-based OpenAI , a private company backed by Microsoft . It can answer questions, write essays and more. But Hawtin, investment director at Zurich-based GAM Investments, has identified data as another way to get into the game. "If we make the assumption that data is the new oil from a corporate perspective, it's what is absolutely required, it's the edge in business — then that data has to be stored," he told CNBC P

[ad_1] A Falcon Heavy rocket launches the USSF-67 mission on January 15, 2023 from NASA's Kennedy Space Center in Florida. SpaceX The U.S. military is raising the stakes — and widening the field — on a high-profile competition for Space Force mission contracts. The Space Force plans to buy even more rocket launches from companies in the coming years than previously expected, granting more companies a chance at securing billions in potential contracts. "This is a huge deal," Col. Doug Pentecost, the deputy program executive officer of the U.S. Space Force's Space Systems Command, told reporters during a briefing this week. Earlier this year the Space Force kicked off the process to buy five years' worth of launches, under a lucrative program known as National Security Space Launch (NSSL) Phase 3. Now it's boosting the scale. The U.S. sees a rising impetus to improve its military capabilities in space, spurring the need to almost triple the number of launch

[ad_1] Artificial intelligence is making a big effect on the auto industry. Revenue from sales of autonomous vehicles is anticipated to top $70 billion by 2033, according to Future Market Insights. But self-driving cars powered by AI are not the only change — AI technology is already being infused into vehicle production.  As part of that industry-wide trend, the BMW Group is now shifting gears to rely more heavily on AI to create a leaner and more efficient manufacturing process.  Inside BMW'S plant Spartanburg in South Carolina. CNBC Over the past few years, BMW has upgraded its Spartanburg, South Carolina, plant to include new AI capabilities. The factory spans more than 8 million square feet and produces about 60% of all BMWs sold in the U.S. That works out to more than 1,500 vehicles produced daily. In the body shop, robots weld between 300 and 400 metal studs onto the frame of every SUV. That's about half a million studs each day applied by machines and now managed

[ad_1] SpaceX, Twitter and electric car maker Tesla CEO Elon Musk looks on as he speaks during his visit at the Vivatech technology startups and innovation fair at the Porte de Versailles exhibition center in Paris, on June 16, 2023.  Alain Jocard | Afp | Getty Images Tesla reported earnings after the bell, showing a record for quarterly revenue but lower margins thanks to price cuts and incentives. The stock price remained flat after the initial report, but began dropping during the earnings call as CEO Elon Musk and other executives failed to deliver precise specs and start of delivery dates for the Cybertruck, and for a robotaxi-ready vehicle. Musk and other execs also said during the call that vehicle production would slow down during Q3 due to shutdowns for factory improvements. It's now down about 4% after hours. Here's how the company did versus expectations: Revenue: $24.93 billion, versus $24.47 billion expected according to Refinitiv. Earnings: 91 cents per s

[ad_1] LOS ANGELES, CALIFORNIA - JUNE 12: CEO of Netflix Ted Sarandos attends Netflix's FYSEE event for "Squid Game" at Raleigh Studios Hollywood on June 12, 2022 in Los Angeles, California. (Photo by Charley Gallay/Getty Images for Netflix) Charley Gallay | Getty Images Entertainment | Getty Images The main takeaway from Netflix 's second quarter earnings is business is ... good. That's right. A large media and entertainment company's fundamental business is just fine. Netflix added 5.9 million subscribers in the quarter, a sign that its two primary 2023 initiatives — cracking down on password sharing and launching a cheaper $6.99 per month advertising tier — are bringing in new subscribers. Netflix added 1.2 million subscribers in the United States and Canada in the quarter — its largest regional quarterly gain since 2021. This is not the story for the rest of the media industry. Disney and Warner Bros. Discovery have spent the year slashing content f

[ad_1] Viasat 's stock plummeted in trading on Thursday after the company disclosed its most recently launched communications satellite suffered a malfunction. The Carlsbad, California-based company on Wednesday said an "unexpected event occurred" while deploying the reflector of its Viasat-3 Americas satellite "that may materially impact" performance. The satellite launched successfully in April on SpaceX's Falcon Heavy rocket. "We're disappointed by the recent developments," Viasat CEO Mark Dankberg said in a statement. Shares of Viasat fell 28.5% on Thursday to close at $30.74 a share, its biggest one-day loss since going public in December 1996. Sign up here to receive weekly editions of CNBC's Investing in Space newsletter . Viasat did not disclose the identity of the reflector's manufacturer in its release. Dankberg said his company is "working closely" with the manufacturer to resolve the problem. A Viasat spokespe

[ad_1] Google was working on an AI-powered mobile chatbot app for Gen Z users that features interactive digital characters, CNBC has learned. However, the company recently "deprioritized" those efforts amid an internal reorganization, according to materials seen by CNBC. Typically, when a product is deprioritized at Google, work on it ceases. Called "Bubble Characters," the app featured a choice of a talking digital character that would interact in conversations with Gen Z users, according to internal documentation viewed by CNBC. The company had been working on it since Q4 2021. Google declined comment to CNBC. The app's description states that it featured "human-like" conversations that "take action" and are "interesting for GenZ." The conversations were powered by large language models, which are massive data sets used to understand and generate human-like text. "What started out as something from a science fiction nov

[ad_1] Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Monday's key moments. Earnings and inflation Watch J & J Strong outlook for Meta 1. Earnings and inflation U.S. stocks edged higher Monday, with the Dow jumping over 150 points, rallying after a tough week for the major Wall Street gauges. We're looking ahead to second-quarter earnings Friday, kicking off with financials like Club holding Wells Fargo (WFC). Consumer price index (CPI) data will be released Wednesday, which will give the market a better read on the inflation situation. Overall, there's a lot of uncertainty for the U.S. economy as inflation stays high and the Federal Reserve mulls over further monetary tightening in order to cool a resilient labor market. 2. Watch J & J We're watching for closing arguments in a talc lawsuit against Johnson & Johnson (JNJ) brought by a 24-year-old in California

[ad_1] Nikola TRE FCEV2 Courtesy: Nikola Electric heavy-truck maker Nikola will find out later Thursday whether its shareholders have approved its plan to raise money by selling more stock. Nikola hopes to raise more capital to help ramp up production of its new fuel-cell-powered electric heavy truck, set to launch later this month. But before it can sell additional stock to raise money, it needs to increase the total number of shares it's authorized to issue to 1.6 billion from 800 million. That move requires shareholder approval. Nikola first put the plan to its shareholders at its annual meeting in June. While 77% of those who voted were in favor, there weren't enough total shares voted to pass the proposal. Nikola is incorporated in Delaware, and under that state's law, at least half of the total outstanding shares of a company's common stock must be voted in favor for a share-increase proposal to pass. The company adjourned its annual meeting for a month to t

[ad_1] Beijing — U.S. Treasury Secretary Janet Yellen, in Beijing for meetings with top Chinese officials and American companies that do business in the country, said the U.S. welcomes healthy economic competition with  China , but only if it's fair. Yellen also said she was concerned about new export controls announced by China on two critical minerals used in technologies like semiconductors. "We are still evaluating the impact of these actions," she said, "but they remind us of the importance of diversified supply chains." Her message to company representatives, including from corporate giants such as Boeing and Bank of America that have significant operations in China, was that the U.S. government understands it's not been an easy time. "I've been particularly troubled by punitive actions that have been taken against U.S. firms," the Treasury chief said, referring to  raids carried out in

[ad_1] Amazon CEO Andy Jassy doesn't believe the retail and cloud computing giant should be counted out of the artificial intelligence race just yet. In a wide-ranging interview with CNBC, Jassy challenged the notion that Amazon has fallen behind in AI as Microsoft and Google add chatbots to consumer products like their search engines, likening it to the "hype cycle" before the "substance cycle." "I think most people are focused on the applications, you know, things like ChatGPT brought everybody's awareness up, but I think of generative AI as having three macro layers," Jassy told Jon Fortt in an interview that aired on "Closing Bell Overtime" late Thursday. "I think they're all really big and important." Jassy has said Amazon intends to invest in AI across the company, and that AI programs have the potential to improve "virtually every customer experience." But he specifically pointed to Amazon Web Servi

[ad_1] Technology to eliminate "forever chemicals" showing positive results - CBS News Watch CBS News A new study has found that man-made toxic PFAS, known as "forever chemicals," may be found in 45% of the tap water in the U.S. However, a scientific company has developed a technology that uses an annihilator to completely eliminate PFAS within seconds. Mark Strassmann has more. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On [ad_2] Source link https://worldnews2023.com/science-environment/technology-to-eliminate/?feed_id=22375&_unique_id=64a7604c6cfee