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Meta enters enterprise AI race with new business agent
Meta enters enterprise AI race with new business agent LONDON, June 3 : Meta Platforms on Wednesday unveiled an artificial intelligence agent aimed at helping businesses carry out day-to-day operations, positioning the social media giant as a player in the enterprise AI market. Announced at the company's WhatsApp-focused Conversations conference in London, the new product expands on existing business messaging services by enabling "agentic" capabilities in which the assistant can take...
Meta launches enterprise-focused AI 'business agent' to automate daily operations
Meta launches enterprise-focused AI 'business agent' to automate daily operations LONDON, June 3 : Meta Platforms on Wednesday unveiled an artificial intelligence agent aimed at helping businesses carry out day-to-day operations, positioning the social media giant as a player in the enterprise AI market. Announced at the company's WhatsApp-focused Conversations conference in London, the new product expands on existing business messaging services by enabling "agentic" capabilities in which...
AI hyperscaler effect vaults China’s Zhongji Innolight to top of CSI 300 benchmark
AI hyperscaler effect vaults China’s Zhongji Innolight to top of CSI 300 benchmark Maker of optical modules surpasses CATL in weighting thanks to off-the-charts demand from Alphabet, Amazon, Meta and Huawei The northern Shandong province-based company had a 5 per cent weighting on the CSI 300 Index on Friday, making it the largest of the 300 most valuable stocks on the Shanghai and Shenzhen exchanges. The index’s weighting is based on the market capitalisation of free-float shares. The...
Why AI hyperscalers are now the epicenter of a bear case for stocks
If the facts change, then I have to change. I learned that from reading the legendary British economist John Maynard Keynes, and it has never steered me wrong. I was a huge bull on this market because of the terrific things happening in artificial intelligence.
As AI-related stocks dive, the market's winners have one thing in common
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Stocks are falling hard on Friday , likely putting an end to the S & P 500 's 9-week win streak. After driving the market's gains for the past several months, technology and AI infrastructure stocks sold off sharply, sending the Nasdaq down about 3% and marking its worst day since October.
Analysis:US tech stocks' market dominance reaches new heights and presents new risks
Analysis:US tech stocks' market dominance reaches new heights and presents new risks NEW YORK, June 3 : The charge higher in U.S. technology stocks has made broader indexes as reliant as ever on the group - and more vulnerable should those market leaders trip up. With stunning gains over the past two months, the S&P 500 technology sector now accounts for more than 39 per cent of the market capitalization of the overall benchmark index, its highest on record and above the level it reached...
Big tech firms must stop young people circulating nude images, says UK PM Starmer
Big tech firms must stop young people circulating nude images, says UK PM Starmer LONDON, June 8 : Big tech firms operating in Britain must stop children circulating nude images on their phones or they will face legislation forcing them to do so, Prime Minister Keir Starmer said on Monday. The announcement is Starmer's latest effort to protect children from the harmful impacts of technology.
Social media bans on teens risk strengthening Big Tech's grip on the sector, Bluesky exec warns
Government action to ban social media platforms risks strengthening Big Tech's grip on the industry further, limiting access for smaller players, an exec at BlueSky has warned. Rose Wang, Bluesky's chief operating officer, told CNBC on the sidelines of SXSW in London on Wednesday that the smaller open-source platform isn't opposed to regulation but that smaller players in the industry should be protected. "I support the protection and the safety of youth, the question that we have then is at...
We're right-sizing our position in an AI stock after its impressive run this year
Shortly after the opening bell, we will sell 40 shares of Broadcom at roughly $486. Following the trade, Jim Cramer's Charitable Trust will own 325 shares, decreasing its weighting to 3.75% from about 4.2%. Broadcom shares are up about 6% in pre-market trading on Tuesday, extending a run of new record highs, in reaction to Alphabet announcing an $80 billion equity raise on Monday to "fund investments in its world-class AI compute infrastructure to meet its unprecedented customer demand."
Why we're raising our price target on Broadcom despite its post-earnings sell-off
Broadcom posted strong quarterly results after the bell on Wednesday, but didn't provide enough upside to its guidance to move the stock higher. Revenue in the fiscal second quarter of 2026, which ended May 3rd, was $22.19 billion, a slight miss versus the $22.27 billion consensus forecast, according to estimates compiled by LSEG. On an annual basis, revenue rose 48%.