Brad Gerstner, CEO of Altimeter Capital, dismissed recent warnings about AI causing human extinction as exaggerated and politically motivated. His firm invests in major AI companies including Anthropic and OpenAI. Gerstner emphasized that unlike past technologies, significant efforts are underway to ensure AI safety, countering claims that the industry is recklessly advancing without caution. This comes after an Anthropic researcher resigned, criticizing AI firms for risking lives in the race for superintelligence.
On the 25th anniversary of 9/11, billionaire John Catsimatidis warned that countries like Russia, North Korea, China, and Iran are actively trying to undermine President Donald Trump ahead of the November election. He expressed disappointment with Ca...
Lakeland Industries remains a Buy, but the price target was lowered from $18.00 to $14.50 due to revised margin expectations and increased litigation risk from new PFAS multidistrict lawsuits. While gross margin improved to 37%, only half of that is ...
Western Digital, a leading hard disk drive (HDD) provider, reported a 44% year-over-year revenue increase in Q4 driven by strong demand from cloud and AI workloads. Cloud customers made up 89% of revenue, with shipments growing 22% in exabytes. Gross...
VinFast and GSM have announced new senior leadership appointments to support their global expansion. Pham Nhat Quan Anh becomes CEO of VinFast Global and Chairman and CEO of VinFast Vietnam, succeeding Pham Nhat Vuong. Nguyen Quoc Tuan is named Chair...
During the week of September 8–11, US spot Bitcoin ETFs saw significant outflows totaling $462.7 million, with the largest daily loss of $282.7 million on Thursday. In contrast, Ethereum ETFs reversed earlier losses with a strong $216.4 million inflo...
