Alphabet’s second-quarter earnings announcement on Wednesday (July 22) provided a clearer answer to one of the central questions surrounding generative AI: Are businesses moving quickly enough from testing the technology to paying for it at scale? For Google, the evidence is increasingly coming from enterprise customers, where demand for computing capacity, Gemini models and AI […]
Key Takeaways By historical standards, today’s mortgage rates are pretty on par with what homeowners have paid in the past. Since Freddie Mac began tracking rates in April 1971, the median 30-year mortgage rate is 7.23%. However, it’s still true that rates are high by modern standards, since the typical rate observed over the past […]
Tesla reported weaker-than-expected earnings for the second quarter even as revenue topped estimates. The stock slid about 4% in extended trading on Wednesday. Here’s how the company did compared to Wall Street expectations, according to estimates from analysts polled by LSEG Earnings per share: 33 cents adjusted vs. 51 cents expected Revenue: $28.24 billion vs. […]
OpenAI has introduced a product designed to help enterprises deploy artificial intelligence (AI) voice and chat agents for uses cases such as customer support and outbound sales. The new OpenAI Presence starts each deployment with an agent that can do one job, identifies any gaps in the agent’s abilities after it’s been launched, and proposes updates that […]
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This week on How Success Happens, I sit down with Forrest Galante, a biologist, TV host, producer, and all-around wildlife maniac who’s been called a modern-day Charles Darwin with a splash of Indiana Jones. (And a splash of some squid slime as well.) You’ll see a lot more of Forrest as a host on the […]
AI is changing how people view creativity in the workplace. While some leaders have touted AI as improving the creative process at their companies, there are also broader concerns about outsourcing the creative process to the tech. This week, an Adobe survey revealed that 90% of workers want to use creative AI tools at work, […]
The CFP Board is seeking feedback on proposed revisions to how it evaluates applicants with expunged criminal convictions. The changes would amend the Board’s Fitness Standards, Procedural Rules and Sanction Guidelines, following the establishment of the Criminal Expungement Commission in March. According to CFP Board Counsel Leo Rydzewski, there is currently no language in the […]
STOXX Ltd., which is part of the ISS STOXX group of companies, announced Wednesday the launch of the STOXX Investable Market Indices (IMI), a new index family designed to support cost-effective portfolio construction and benchmarking through a consistent, transparent and scalable framework. The STOXX IMI offering is said to represent a global equity index family […]
Passionfroot raised $15 million in a Series A funding round to continue investing in its platform that connects B2B tech companies with vetted creators who can help them with their go-to-market campaigns. The platform simplifies the process of working with creators by providing an agent that helps companies find creators, book them, pay them, and […]