Business

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OpenAI is going all in on the most-hyped trend in AI right now: AI agents, or tools that go a step beyond chatbots to complete complex, multi-step tasks on a user’s behalf. The company on Thursday debuted ChatGPT Agent, which it bills as a tool that can complete work on your behalf using its own “virtual computer.” In a briefing …

The stock market isn’t waiting around for Aug. 1 to decide if tariffs will hurt consumers  MarketWatch Retail sales jumped more than expected last month  CNN Consumer Spending Is Starting to Crack. What It Means For Retail Stocks.  Barron’s US retail sales growth, steady job market bolster Fed’s rate-cut delay  Reuters Retail sales jump after spring pullback in shopping  Axios Source link

Getty Images Lawmakers in the US have passed the country’s first major national cryptocurrency legislation. It is a major milestone for the once fringe industry, which has been lobbying Congress over regulation for years and poured millions into last year’s election, backing candidates that included Donald Trump. The bill sets up a regulatory regime for so-called stablecoins, a kind of …

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WILMINGTON, Del. (AP) — A settlement was announced Thursday in court in a class action investors’ lawsuit against Meta CEO Mark Zuckerberg and current and former company leaders over claims stemming from the privacy scandal involving the Cambridge Analytica political consulting firm. The suit had sought billions of dollars in reimbursement for fines and legal costs. No details on the …

KEY TAKEAWAYS Taiwan Semiconductor Manufacturing Co. on Thursday boosted its full-year revenue growth projections, as strong AI demand continued to fuel results at the world’s largest contract chipmaker. CEO C.C. Wei said he saw full-year sales growth of around 30% in U.S. dollar terms, up from around mid-20% levels previously. TSMC’s second-quarter earnings per share and revenue came in higher than …

FedEx Technology Chief Departs After Internal Probe Into Unit He Oversaw  The Wall Street Journal FedEx exec exits C-suite role after leading digital transformation efforts  The Business Journals FedEx executive vice president announces departure from role  localmemphis.com Source link

Meta Hires Two Key Apple AI Experts After Poaching Their Boss  Bloomberg.com Another High-Profile OpenAI Researcher Departs for Meta  WIRED Mark Zuckerberg says AI researchers want 2 things apart from money  Business Insider Meta hires two Apple AI researchers after poaching their boss, Bloomberg reports  Reuters Mark Zuckerberg on techies joining Meta for big salaries: LoL, that’s mostly …  The Times of India Source link

What is the opposite of the Midas touch? Whatever that is, Donald Trump Jr. seems to have it. On Wednesday, an online firearms seller backed by the President’s favorite failson went public. It didn’t take long for the public to say, “No thanks.” On Wednesday, the company’s stock price took a significant hit by the end of the trading day. GrabAGun …