Spatial Intelligence (SI) to Drive AMD Up, Stocks Down
AMD has acquired Spatial Intelligence (SI) company, World Labs for $8.2 billion. The acquisition is the most significant throughout AMD’s history. AMD now has the foundation to surpass Nvidia and to become the world’s most valuable chip company. For World Labs, the...
German Army to Start Training With New Attack Drones Next Month
German defense startups Helsing and Stark Defence are on track with the development of attack drones, including plans to start training Germany’s army on the equipment in November, according to the government. “Both systems have achieved a comparable level of...
Don’t Be Fooled. Treasuries Aren’t Cheap Yet
Treasuries might look cheap against stocks, GDP and the global cycle, but on their own historical terms they have more to fall before they become oversold and ready for a durable bounce. The counter-rally in Treasuries has yet to come, with 10-year yields as high as...
Carlyle Warns Private Credit AI Push Runs Concentration Risk
Private credit firms rushing to finance the artificial intelligence buildout risk encountering the same concentration problems that have plagued lenders exposed to software companies, according to Carlyle Group Inc. The industry may need to provide roughly $1 trillion...
Citadel Securities’ Rubner Sees Retail Cash Reloading on Stocks
Retail investors are poised to pile back into US stocks this month after a sharp cooldown in September, Citadel Securities’ head of equity and equity derivatives strategy Scott Rubner said. While October could still be volatile, the month offers a better entry point...
Advanced Micro Devices (AMD) Could Be 33% Undervalued Following Its World Labs Deal
Advanced Micro Devices (AMD) shares recently reacted to news of a US$8.2b all-stock agreement to acquire AI specialist World Labs, a deal that places Dr. Fei-Fei Li in a leading research role. Recent headlines around the World Labs deal focus on a stock that has...
AMD acquires Fei-Fei Li’s World Labs for $8.2 billion
AMD agreed to acquire World Labs, the San Francisco-based AI model and research lab founded by Dr. Fei-Fei Li, in an all-stock transaction valued at approximately $8.2 billion, the company said Monday. The deal is expected to close by the end of 2026, subject to...
Bond Veteran Jim Bianco Turns Bullish for First Time Since 2020
Jim Bianco, a Wall Street veteran and longtime market watcher, is turning bullish on US Treasuries for the first time in six years after benchmark yields surged to two-decade highs, creating an enticing entry point. “This is a value play,” said Bianco, president and...
AMD Bolsters AI Vision With $8.2B Acquisition Of Fei-Fei Li’s World Labs, Stock Drops 4%
AMD agrees to buy World Labs for $8.2 billion in an all-stock transaction, targeted to close by year-end, subject to regulatory approval. Stanford computer scientist and World Labs founder Dr. Fei-Fei Li will join AMD as executive vice president and chief scientist,...
AMD will acquire Fei-Fei Li’s World Labs for $8.2B
AMD is acquiring World Labs, one of the leading developers of deep learning models intended to understand physical reality, in an $8.2 billion deal, the two companies said today. World Labs justified the deal in a statement saying that AI development required “close...
Apollo’s Slok Says Financial System Risks an ‘Agentic Bank Run’
Artificial intelligence assistants such as Meta Platforms Inc.’s Muse could put the financial system at risk if consumers start heavily relying on them to shift cash into higher-yielding accounts, according to Apollo Global Management Inc. Chief Economist Torsten...
Apollo’s Slok Says Fed Risks Overlooking Diesel-Price Danger
Apollo Global Management Inc.’s Torsten Slok warned that record diesel prices pose a greater inflation threat than the Federal Reserve may appreciate because those fuel costs flow into the core consumer price index. The breadth of diesel-related transportation...
India Lets Wealth-Focused Funds With $463 Billion Invest Abroad
India’s market regulator will allow a $463 billion segment of its portfolio management industry catering to wealthy individuals to invest in overseas securities and short equity options for the first time, as part of a sweeping overhaul of the rules. The Securities...
Bill Gates Warns AI Powerful Enough to Lead to ‘a Billion Deaths’
Microsoft Corp. co-founder Bill Gates warned that artificial intelligence is a “powerful enough” tool to kill off a substantial portion of humanity, joining a growing chorus of tech leaders and employees calling attention to AI’s existential risks. “AI is certainly...