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Donald Trump, named Time's 2024 Person of the Year, is set to ring the opening bell at the New York Stock Exchange, marking a significant comeback from his conviction as the first former president. In an interview, he discussed his campaign's impact, plans for pardons related to the Capitol riot, and intentions for mass deportations, asserting he will operate within legal limits.
Donald Trump, recently named Time's 2024 Person of the Year, is set to ring the opening bell at the New York Stock Exchange, marking a significant comeback after his conviction as the first former president for a crime. In an interview, he discussed his election campaign, plans for pardons related to the Capitol riot, and intentions for mass deportations, asserting he will operate within legal limits. Trump's influence on American politics continues to reshape the landscape as he prepares to take office again.
Google's DeepMind has unveiled Gemini 2.0, a new AI model designed to power advanced AI agents capable of understanding complex instructions, planning, and executing tasks across various platforms. Projects like Deep Research, Project Astra, and Project Mariner aim to assist users in research, everyday tasks, and web navigation, respectively. While still in early development, these agents show promise for future applications, including gaming and robotics, as Google collaborates with industry leaders to refine their capabilities.
Salesforce's recent earnings report highlights the success of its AI product, Agentforce, which features AI-powered chatbots designed to automate tasks in marketing and customer service. CEO Marc Benioff announced over 200 deals for Agentforce last quarter, showcasing its potential in the enterprise sector. Jim Cramer emphasized that these AI agents will not replace humans but will allow workers to focus on more meaningful tasks, marking a significant shift in the workplace dynamic.
Salesforce shares surged over 8% following a strong earnings report, with third-quarter revenue reaching $9.44 billion, surpassing expectations. The company raised its fiscal 2025 revenue guidance and highlighted a robust pipeline for its AI agent, Agentforce, which closed over 200 deals in the quarter. Analysts from Morgan Stanley, Goldman Sachs, and Bank of America expressed optimism, raising price targets and affirming buy ratings, citing Salesforce's strategic position in the cloud industry.
Tech investors are navigating heightened volatility due to geopolitical tensions, including US export controls on China and retaliatory measures from Beijing. Despite concerns, the impact on AI supply chains appears manageable, with a strong focus on Taiwan for AI capital expenditures. Robust demand for AI and improving monetization trends in tech earnings suggest a positive outlook, particularly for semiconductors and software, while traditional tech sectors face challenges.
The U.S. stock market experienced a strong week, with the S&P 500 rising 1.06%, the Nasdaq Composite up 1.13%, and the Dow Jones Industrial Average increasing by 1.39%. These gains contributed to a remarkable month, following Donald Trump's 2024 presidential election victory, with the Dow up 7.54%, the S&P 500 gaining 5.73%, and the Nasdaq increasing by 6.21%.
Salesforce CEO Marc Benioff criticized Microsoft's AI initiatives during his speech at Dreamforce on September 17, 2024, in San Francisco. He emphasized that investors do not need to choose between the two companies in the ongoing AI software competition.
Forward, a healthcare startup that aimed to revolutionize basic medical care through high-tech kiosks called "Carepods," has abruptly shut down despite raising over $660 million. The company, which offered services like health screenings and virtual consultations for a monthly fee, struggled to attract customers and faced high operational costs. CEO Aoun envisioned a modern healthcare experience akin to building a Tesla or iPhone, but ultimately, the demand for such a model was lacking.
Marc Benioff is in early discussions to sell Time to Antenna Group for around $150 million, having acquired it in 2018 for $190 million. The talks occur amid challenges for legacy media companies facing competition from digital platforms. A Time spokesperson confirmed there is no agreement yet, and Antenna Group has not commented.
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