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The complete collapse of OpenAI over the weekend caught everyone by surprise. The privately held artificial intelligence (AI) outfit fired its CEO and co-founder Sam Altman leading several top people at the firm to quit in protest. Hundreds of employees demanded the board of directors resign.  Financial backer Microsoft (NASDAQ:MSFT) was also caught flatfooted. Having
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Palantir Technologies (NASDAQ:PLTR), recognized for big data services and government contracts, attracted attention with blockchain and AI advancements. However, despite high-profile deals, PLTR stock’s financial performance disappointed, leading some to see it as a “glorified consultant” rather than a tech innovator. Intense competition from more profitable consulting firms presents a challenge. Despite the easing of
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It’s a difficult time to be an income investor. Interest rates are climbing in the U.S. to levels not seen in years, but the average dividend yield of the S&P 500 Index remains relatively low at under 2%. Fortunately, there are still many dividend stocks with yields of 5% or more. Even better, investors do
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Competition among electric vehicle manufacturers is never-ending, not only in the U.S. but worldwide. Some data points might lead investors to believe that China-based EV maker Nio (NYSE:NIO) is thriving amid the fierce competition. However, prospective NIO stock buyers need to be careful now as the recent news it’s all positive for Nio. Ultimately, there’s a lesson to be
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In a tech-driven era, the ascent of AI continues to reshape industries. Here are three top AI stocks poised to redefine market dominance by 2025. Each firm showcases distinctive approaches and groundbreaking strategies within cybersecurity, technological innovation, and semiconductor advancements. Fundamentally, it is signaling an imminent transformation in their respective sectors. The first one’s revolutionary
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It’s been a long way down for former market darling Block (NYSE:SQ). Block stock soared during the pandemic as merchants and consumers were forced to switch to digital payments because of lockdowns. In just 18 months shares soared nearly 600%, but it was short-lived. Investors saw the fintech stock lose almost 90% of its value
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Warren Buffett, chairman and CEO of Berkshire Hathaway, smiles as he plays bridge following the annual Berkshire Hathaway shareholders meeting in Omaha, Nebraska, May 5, 2019. Nati Harnik | AP Warren Buffett donated more than $870 million in Berkshire Hathaway stock to four family foundations before Thanksgiving, assuring investors in a letter that the conglomerate is “built
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