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24.07.26 - 15:51
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Futures Rebound As Brent Dips Below $100 (ZeroHedge)
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Futures Rebound As Brent Dips Below $100
US equity futures are seeing a modest rebound after posting their biggest drop this month, as Brent crude dropped back under $100 a barrel, and bond yields and rate hike odds - which track the price of oil one to one - halted their ascent. As of 6:00am ET, S&P 500 futures rose 0.3%, with the index still on track for its first back-to-back weekly loss since the early stages of the Iran war. Tech stocks remained under pressure as South Korea's memory and Japanese chip giants were pummeled. Treasury yields hovered just below their highest levels this year, while Brent fell more than 3% toward $97 a barrel.
In premarket trading, Tesla leads gains among Mag 7 stocks after the electric vehicle maker plunged about 15% on Thursday (Tesla +1.3%, Microsoft +1.1%, Alphabet +0.7%, Meta +0.7%, Amazon +0.5%, Apple +0.2%, Nvidia -0.4%)
Amkor Technology (AMKR) rallies 11% after the company announced a $1.5 billion multi-year binding agreement with Nvidia to develo...
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24.07.26 - 15:06
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Why Meta is My New Favorite to Win the AI Race (24/7 Wall St.)
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Meta's AI strategy has quietly shifted from playing catch-up to raising the stakes in ways most analysts have yet to price in, and the CapEx fears dominating headlines may be obscuring something much bigger building beneath the surface....
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24.07.26 - 14:42
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When is an apology not an apology? When it comes from an AI boss with an out-of-control chatbot | Marina Hyde (The Guardian)
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An incident in which an autonomous OpenAI agent hacked a startup either confirms that the end is nigh – or that the product is just amazingly sophisticatedThroughout history, many things have been seen by terrified populaces as a harbinger of doom. A comet. A crow on the battlefield. A solar eclipse. A mutant livestock birth. Yet times move on. In the modern era, the leading harbinger of doom is literally any picture of the OpenAI CEO, Sam Altman, attached to a news story. You know it's not going to be good, right? You know that by the time you've read it, you'll be begging to go back to the time when the worst thing that could happen to us at the hands of the techlords was just some democracy-subversion, or childhood destruction, usually followed by Mark Zuckerberg putting on a suit and claiming: “We will learn from this.”Anyway: a lot of pictures of Sam Altman in the news of late. Most recently, this week, one darkened the skies alongside the tale of how an OpenAI autonomous agent went rogue du...
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