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A new paper from AI lab Cohere, Stanford, MIT, and Ai2 accuses LM Arena, the organization behind the popular crowdsourced AI benchmark Chatbot Arena, of helping a select group of AI companies achieve better leaderboard scores at the expense of rivals. According to the authors, LM Arena allowed some industry-leading AI companies like Meta, OpenAI, Google, and Amazon to privately test several variants of AI models, then not publish the scores of the lowest performers. This made it easier for these companies to achieve a top spot on the platform’s leaderboard, though the opportunity was not afforded to every firm,…
CNBC’s Jim Cramer on Wednesday expressed faith in Starbucks CEO Brian Niccol’s ability to execute a turnaround, even though the coffee chain’s quarter missed expectations and failed to impress Wall Street.”This is a case where you simply have to bet on the jockey and remember that he can turn the horse around and make it a winner,” he said.Starbucks reported weaker-than-expected earnings and revenue, posting another quarter of same-store sales declines. Shares dipped during Wednesday’s session, finishing down 5.66%. Niccol admitted the results were “disappointing” on the earnings call, but he claimed that “behind the scenes, we really are showing…
Saha Entertainment | Digitalvision | Getty ImagesJapanese and Australian markets rose Thursday after swings on Wall Street overnight, as data pointing to a contraction in the U.S. economy in the first quarter heightened investors’ fears of a looming recession.Several Asia-Pacific markets, including South Korea, Hong Kong, China and India were closed for the Labor Day holiday.Japan’s benchmark Nikkei 225 rose by 0.92% in choppy trade while the broader Topix index climbed 0.28% after the country’s central bank held interest rates steady at 0.5% in a unanimous vote.Yields on 10-year Japanese Government Bonds (JGBs) fell sharply by 4.3 basis points to 1.269% following the…
An executive cautioned during Microsoft’s earnings call on Wednesday that customers might face AI service disruptions as demand outstrips the company’s ability to bring data centers online. Microsoft’s EVP and CFO Amy Hood said during the company’s fiscal 2025 third-quarter earnings call that the company may face AI capacity constraints as early as June. “We had hoped to be in balance by the end of Q4 but we did see some increased demand, as you saw through the quarter,” Hood said. “So we are going to be a little short, a little tight as we exit the year.” The timing…
Google’s Gemini chatbot app now lets you modify both AI-generated images and images uploaded from your phone or computer, the company said in a blog post on Wednesday. Native image editing in Gemini will start rolling out gradually today. The service will be expanded to people in most countries and get support for more than 45 languages in the coming weeks. The launch follows an AI image-editing model Google piloted in its AI Studio platform in March, which went viral for its controversial ability to remove watermarks from any image. Similar to ChatGPT’s recently upgraded image-editing tool, Gemini’s newfangled native…
Artificial intelligence is not just infiltrating the startup world. Now credit card giants Visa and Mastercard are getting into the AI game. Visa announced on Wednesday “Intelligent Commerce,” which it says enables AI “to find and buy.” AI agents will be able to shop and make purchases on behalf of consumers, based on preselected preferences. In a statement, Visa chief product and strategy officer Jack Forestell said: “Each consumer sets the limits, and Visa helps manage the rest.” Visa says that it is collaborating with a mix of tech giants and startups to develop AI-powered shopping experiences that are “more…
Pelerin Heal (Pelerin’s Foot) The Continent Leave Monoco’s Station and head northwest to find a trio of large monsters facing each other. Defeat them. Cultist Slashes (Reaper Cultist’s Foot) The Continent Leave Monoco’s Station and head northwest to find a trio of large monsters facing each other. Defeat them. Sapling Absorption (Sapling’s Foot) The Continent Enemies on beach east of Gestral Beach entrance. Gault Fury (Gault’s Foot) The Continent Enemies on beach east of Gestral Beach entrance. Glaise Earthquakes (Glaise’s Foot) The Continent Walk a little north of Endless Night Sanctuary to find a group of monsters. Portier Crash (Portier’s…
US Dollar-pegged stablecoins are on track to reach an aggregate market capitalization of approximately $2 trillion by 2028, according to the United States Department of the Treasury’s Q1 2025 report. Stablecoins’ cumulative market cap currently stands at roughly $230 billion, but “[e]volving market dynamics [have] the potential to accelerate stablecoins’ trajectory to reach ~$2tn in market cap by 2028,” the Treasury said in the April 30 report. A stablecoin is a cryptocurrency whose value is pegged to a traditional asset like the US dollar. According to the report, such tokens are already “ubiquitously utilized as ‘cash on-chain,’ effectively serving as a…
Check out the companies making headlines in extended trading: Microsoft — Stock in the technology behemoth climbed more than 6% on the heels of better-than-expected third-quarter results on the top and bottom lines. Microsoft earned $3.46 per share on revenue of $70.07 billion, while analysts polled by LSEG were looking for a profit of $3.22 per share and $68.42 billion in revenue. Meta Platforms — Shares of the Facebook parent advanced more than 5%. Meta beat analysts’ first-quarter estimates when it reported earnings of $6.43 per share and revenue of $42.31 billion. Analysts surveyed by LSEG were expecting a profit…
Beijing Reuters — China restated its case that Covid-19 may have originated in the United States in a white paper on its pandemic response released on Wednesday, after President Donald Trump’s administration blamed a lab leak in China. The White House launched a Covid-19 website on April 18 in which it said the coronavirus came from a lab leak in China while criticizing former President Joe Biden, former top US health official Anthony Fauci and the World Health Organization (WHO). In the white paper, released by the official Xinhua news agency, China accused the US of politicizing the matter of…