The state of the AI revolution can be confusing. At times, it can seem as if the latest artificial intelligence models are showing huge capability increases. One example is when two OpenAI models broke out of the lab, accessed the internet, and broke into another AI company. Or, as a Wall Street Journal headline put…
All things being equal, when crude oil prices rise, the fortunes of energy exploration and production (E&P) companies increase (as do their share prices). When said prices decline, the opposite is often true. This was the key dynamic behind upstream oil company ConocoPhillips‘ (COP -3.89%) nearly 4% drop on Monday. The costs of war As…
The extent to which businesses across different industrialized countries can deduct their capital investments as depreciation differs, according to a new study that may help policymakers as well as global tax planners. Processing Content The study, released Monday by the Tax Foundation, found that countries that are part of the Organization for Economic Cooperation and…
The cyclospora outbreak that has sickened thousands in the U.S. is drawing renewed attention to a decades-long shift in how fresh food moves through the country. While investigators work to identify the original source of contamination, some food safety experts say the industry’s centralized sourcing and distribution networks after a wave of consolidation can help…
CNBC’s Jim Cramer on Monday said the latest chapter of the artificial intelligence boom is reviving memories of the excesses that fueled the dot-com bubble. “I lived through 2000,” the “Mad Money” host said. “I don’t want the sequel.” On Sunday, the Wall Street Journal reported that Nvidia was discussing a $250 billion backstop for…
OpenAI’s foray into hardware has transfixed techies for more than a year, with speculation about the AI company’s forthcoming mystery gadget ranging from a smart speaker to a wearable device. It turns out, OpenAI’s first hardware device is a bit more prosaic: a keyboard. On July 15, OpenAI debuted the Codex Micro, a $230 square…
With this acquisition, Momentum now operates three New York State Department of Environmental Conservation-permitted waste processing facilities and seven service locations in Bath, Lancaster, Rochester, Syracuse, Oswego, Tonawanda, and Albany, New York As part of the acquisition, CICS founder Craig Corbett will serve as director of operations for Momentum’s eastern region CICS was founded in…
Kraft Heinz’s new lactose-free Philadelphia cream cheese targets the 30 to 50 million Americans who are lactose intolerant and one of the company’s big strategic moves. Courtesy Kraft Heinz Kraft Heinz spent two years, and refused to charge a premium, solving a problem most of the food industry ignores: an estimated 30 to 50 million…
Sometimes the questions come in via Twitter. Today’s query: @TheMorrisBunch: Help!! I took clothes out of the wash and found red lipstick in the dryer and all over my clothes. First of all, yuck. I don’t envy your situation in the least; finding lipstick stains in the laundry is a great big hassle. To get…
Investors usually watch closely for potential changes to the Federal Reserve’s federal funds rate because such changes can move markets. And that’s certainly the case for the decision due on Wednesday, July 29. The Fed could curb high inflation by raising interest rates. But a rate hike could also wreck the already fragile U.S. economy. When it’s…