Author: i2wtc

Justin Sullivan | Getty ImagesInstacart on Tuesday launched a suite of artificial intelligence tools for grocers to deliver more personalized shopping experiences and improve retail operations.CEO Chris Rogers told CNBC that the announcement is a major step forward in the company’s enterprise strategy, which has grown to power hundreds of digital storefronts.”It’s taking everything that we’ve been building for retailers over the last decade, and it’s bringing it into the AI era,” Rogers said. “It’s really about putting enterprise-grade AI tech in every grocer’s hands, whether it’s a small, local independent or a national chain.”The collection of new AI Solutions…

Ishaq Dar hails move as industrial milestone boosting jobs and digital manufacturing Deputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar. Photo: SCREENGRAB Google has begun local assembly of Chromebooks in Pakistan, a development the government says will spur digital hardware manufacturing, create jobs, and strengthen the country’s technology supply chain. Speaking at the launch event in Islamabad on Tuesday, Deputy Prime Minister and Foreign Minister Ishaq Dar said the initiative marks “an industrial milestone” as Pakistan deepens its shift from technology consumer to technology producer. “This is not just about assembling devices, it is about future exports, new…

Palantir CEO Alex Karp ranted against short sellers, calling out specifically Michael Burry after a filing revealed the investor of “The Big Short” fame had bets against the artificial intelligence software company, as well as Nvidia, at the end of the last quarter.”The two companies he’s shorting are the ones making all the money, which is super weird,” Karp told CNBC’s “Squawk Box” on Tuesday. “The idea that chips and ontology is what you want to short is bats— crazy.””He’s actually putting a short on AI. … It was us and Nvidia,” Karp added.When reached via email by CNBC seeking…

The logos of Danish drugmaker Novo Nordisk, maker of the blockbuster diabetes and weight-loss treatments Ozempic and Wegovy is seen outside theri building as the company presents the annual report at Novo Nordisk in Bagsvaerd, Denmark, on February 5, 2025. Mads Claus Rasmussen | Afp | Getty ImagesMetsera on Tuesday said Novo Nordisk’s new bid for the obesity biotech is “superior” to a revised offer from Pfizer, escalating a heated tussle over the startup between the two pharmaceutical giants. Novo Nordisk’s new proposal values Metsera at up to $86.20 per share, for a total of around $10 billion. In a release,…

Palantir’s stock fell 6% on Tuesday as Wall Street analysts raised concerns about the company’s elevated valuation and “Big Short” investor Michael Burry revealed a short position in the software company.During an interview with CNBC’s “Squawk Box” on Tuesday, CEO Alex Karp ripped into short sellers, calling their moves “market manipulation.”Karp called the positions “super triggering” and said they are “shorting one of the great businesses of the world.””Honestly, I think what is going on here is market manipulation,” Karp said. “We delivered the best results everyone, anyone’s ever seen.”The stock move overshadowed the company’s top-and-bottom-line beat and stronger-than-expected guidance.…

Says macro-economic stability, ‘geopolitical tailwinds’ leave Pakistan poised for growth, investment Federal Minister for Finance Muhammad Aurangzeb said on Tuesday that Pakistan is enjoying a moment of convergence between internal economic stability and favourable international dynamics. In a virtual address at the second edition of the Pakistan International Maritime Expo and Conference in Karachi, he said, “Where we are as a country, we find ourselves in a good spot at this point and time because there is a confluence of factors.” He pointed to what he described as “macroeconomic stability combined with geopolitical tailwinds” as the main drivers of this…

Thomas Fuller | Lightrocket | Getty ImagesSpotify on Tuesday reported strong third-quarter results that topped Wall Street expectations and saw total revenue climb 12% year over year, but issued weak guidance for revenue and subscribers for the current quarter.Shares of Spotify fell 2% on Tuesday.Here’s what Spotify reported compared with LSEG estimates:Earnings per share: 3.28 euros vs. 1.97 euros expected.Revenue: 4.27 billion euros vs. 4.23 billion euros expected.The streaming platform increased premium subscribers by 12% to 281 million, coming in just below StreetAccount expectations of 281.24 million.Spotify hiked subscription prices in August to 11.99 euros from 10.99 euros in multiple markets, including South…

Republican gubernatorial candidate Winsome Earle-Sears and Democratic gubernatorial candidate, former U.S. Rep. Abigail Spanberger (D-VA).Anna Moneymaker | Chip Somodevilla | Getty ImagesVirginia voters on Tuesday are poised to pick their first female governor and weigh in on a scandal-rocked state attorney general’s race.The race for governor will make history, regardless of whether the winner is Democratic former U.S. Rep. Abigail Spanberger or Winsome Earle-Sears, the state’s Republican lieutenant governor.Virginia is one of 18 states that have never had a female governor. The winner will succeed Gov. Glenn Youngkin, a Republican who is term-limited from running again.Polls of the governor’s race,…

Corporate America is getting rocked by historic rounds of white-collar layoffs, leading some to wonder: Has AI finally come for their jobs?While the proliferation of generative and agentic artificial intelligence is playing a role, recent job cut announcements from companies like Amazon, UPS and Target are about a lot more than just the advance of new technology. The firms, which each announced layoffs in recent weeks totaling more than 60,000 roles eliminated this year, said they’re trying to cut corporate bloat, streamline operations and adjust to new business models.But in the absence of the Bureau of Labor Statistics’ monthly jobs report,…

Scale AI CFO Dennis Cinelli.Courtesy of Scale AI.After Meta shocked the tech world in June by announcing plans to invest $14.3 billion in Scale AI, primarily as a way to hire the startup’s founder, Alexandr Wang, and a handful of his employees, the future of Scale was immediately thrown in doubt.OpenAI soon disclosed that it had been winding down its work with Scale, which prepares the data that artificial intelligence labs and big tech companies use to train their models. Companies including Google and Elon Musk’s xAI also paused work with Scale after the deal, according to multiple media reports. But…