Author: Zech

Silicon Valley investors and Wall Street analysts are increasingly sounding the alarm about the billions of dollars being poured into AI, warning that overconfidence could lead to a huge bubble.As The Washington Post reports, investment bankers are taking a very different view from last year’s hype around AI, and are instead becoming wary of Big Tech’s ability to actually turn the technology into a profitable business.”Despite the high price tag, the technology is nowhere near what’s needed for practical use,” Jim Covello, top equity analyst at Goldman Sachs, wrote in a report last month. “Building too much of something that…

As Benzinga reports, the price target for Check Point Software Technologies, Inc. (NASDAQ:CHKP – Get free report ) was raised by research analysts at JPMorgan Chase from $175.00 to $180.00 in a report released on Thursday. The firm now rates the technology company’s shares as “neutral.” JPMorgan Chase’s price target indicates a potential downside of 1.50% from the company’s previous closing price. A number of other equity research analysts have also commented on CHKP recently. Needham & Company LLC reaffirmed their “hold” rating on shares of Check Point Software Technologies in a report on Thursday. KeyCorp raised their “hold” rating…

We’re back with our latest VR news roundup, bringing you some news you may have missed.On the VR hardware side, MR Dynamic Occlusion on the Quest 3 received a notable upgrade, Meta AI was introduced to Quest headsets and we may have gotten our first clear look at the Quest 3S, HTC previewed the next Vive headset, Google is reportedly looking to steal Ray-Ban from Meta, PSVR 2 was heavily discounted in the UK, Apple Vision Pro gets new virtual environments, and the PSVR 2 Steam app has arrived.In VR games, Into The Radius 2 launched in Steam Early Access,…

GRAND RAPIDS, Mich. — Three entrepreneurs of color who won a competition hosted by Grand Rapids-based StartGarden are now among 250 semifinalists in the entrepreneurship competition founded by Grammy Award-winning record producer and artist Pharrell Williams.The three semi-finalists – Michael Hyacinth, Andrea Wallace and Darren Riley – will be given the opportunity to join a mentorship cohort, while the grand prize winner will be announced in November.The competition, called “Black Ambition,” offers participants the opportunity to learn and network with business leaders as well as compete for $1 million in prize money.The competition is designed to provide opportunities for “underrepresented…

Skift Take These startups are modernizing tour packages, timeshares, and tipping systems with digital products. Justin Dawes The three startups on this week’s list are modern takes on old ways of doing business in three travel verticals: tour packages, timeshares, and hospitality tips. Modernization has been particularly slow in each of these sectors, and the growth of notable companies indicates that there is a demand for modernization. This week, the three startups announced funding totaling more than $104 million. Exotica: $65.1 million Exoticca, a platform for selling multi-day tour packages, has raised $65.1 million (€60 million) in Series D funding.…

InvestorPlace – Stock Market News, Stock Advice, Trading TipsBlockchain-related stocks are fast becoming a must-have investment for smart investors.As the backbone of cryptocurrency transactions, blockchain technology offers unparalleled transparency and security in record-keeping. Though traditionally known for its role in cryptocurrencies, its usefulness spans a variety of technological fields and industries, effectively increasing the integrity of transactions across multiple sectors within a decentralized framework. Moreover, given analysts’ high predictions, blockchain is likely to be one of the most explosive investment sectors in the coming years. According to a report by Fortune Business Insights, the blockchain sector could grow at a…

Intel is a better bargain and has an increasingly diverse position in the AI ​​space. Advanced Micro Devices (AMD +1.21%) has many investors bullish, with its stock price up more than 115% since the start of 2023. The company’s stock price rise coincides with an explosion of interest in artificial intelligence (AI). Nvidia, a rival to AMD’s chips, initially attracted a lot of attention as its graphics processing units (GPUs) became the hardware of choice for many AI developers, but Wall Street soon turned its attention to AMD, which has the second-largest market share in GPUs and partners with many…

BNP Paribas Financial Markets reduced its holdings in the Global X Cloud Computing ETF (NASDAQ: CLOU – free report ) by 52.8% in the first quarter, according to its latest filing with the Securities and Exchange Commission. The institutional investor sold 7,308 shares during the quarter and now holds 6,540 shares of the company’s stock. BNP Paribas Financial Markets’ holdings in the Global X Cloud Computing ETF were worth $142,000 as of its latest filing with the Securities and Exchange Commission. Other hedge funds have also recently added or reduced shares of CLOU. Raymond James Financial Services Advisors increased its…

Intel released a statement earlier this week about issues with instability in 14th and 13th Gen CPUs, but a few more details have emerged since then, including a clarification that any damage caused to high-end CPUs is permanent.In case you missed it, Intel’s previous announcement identified “elevated operating voltage” as the primary (but not necessarily the only) cause of these Core i9 processors (and lower-tier chips as well) crashing or simply failing altogether.Team Blue also assured that a fix in the form of a microcode update for these chips is on the way and is expected to arrive around mid-August.However,…

Bet on these blockchain stocks poised to soar as blockchain expands its role in tech and finance Blockchain-related stocks are fast becoming a must-have investment for smart investors. As the backbone of cryptocurrency transactions, blockchain technology offers unparalleled transparency and security in record-keeping. Though traditionally known for its role in cryptocurrencies, its usefulness spans a variety of technological fields and industries, effectively increasing the integrity of transactions across multiple sectors within a decentralized framework. Moreover, given analysts’ high predictions, blockchain is likely to be one of the most explosive investment sectors in the coming years. According to a report by…