AI startup Cohere cuts staff after $500 million funding round
Cohere, the artificial intelligence startup founded by ex-Google AI researchers and backed by Nvidia, cut about 20 roles on Tuesday, CNBC confirmed.
BofA Securities’ Savita Subramanian says there’s opportunity in this corner of the market that isn’t getting attention
The firm’s head of U.S. equity and quantitative strategy favors what she calls “old school capex” stocks that have yet to price in any AI gains.
Sen. Bob Menendez will resign seat Aug. 20 after bribery conviction
New Jersey Gov. Phil Murphy, a Democrat, will appoint someone to replace Sen. Bob Menendez in the Senate.
Tesla reports earnings after the bell. Here’s what Wall Street has to say
The electric vehicle maker posted better-than-expected second-quarter delivery numbers, but delay in its robotaxi drove shares lower in July.
Tesla reports 7% drop in auto revenue as earnings fall short of Wall Street estimates
Tesla reported a 7% decline in year-over-year automotive revenue for the second quarter, contributing to a drop in profit.
Meta debuts newest Llama AI model with help from Nvidia and cloud partners
One new variant of Llama 3.1, the biggest and most capable AI model from Meta to date, continues to be open source, which means it can be freely accessed.
BTIG says S&P 500 will be stuck in a range, but thinks these stocks can outperform
Jonathan Krinsky, chief market technician at BTIG, said the broader index’s recent choppy moves are likely to continue.
GM slows its EV plans again even as sales grow
GM is again slowing its plans for all-electric vehicles by further delaying a second electric U.S. truck plant and the Buick brand’s first EV.
DOT investigating Delta over IT outage chaos
The DOT cited widespread flight disruptions and customer service failures in which Delta did not uphold commitments to its passengers, it said.
