Cisco Systems posted second quarter earnings that beat analysts' expectations. The networking software/hardware maker’s adjusted earnings came in at 79 cents a share, compared to analysts’ expectations of 76 cents. Revenue of $11.96 billion also surpassed the FactSet consensus of $11.92 billion. For the current quarter, the firm is projecting earnings of 80 cents to 82 cents a share, and...

Video game company Electronic Arts said it is acquiring Glu Mobile for $12.50 a share in cash, or $2.4 billion. The deal is expected to expand the company’s mobile-games business. If the deal is completed, the combined companies will have a portfolio including more than 15 live services with a combined $1.32 billion in bookings over the past 12 months, EA said. The combined organization will...

Bitcoin may be a digital cryptocurrency, but keeping them secure extends into the physical world using a technique called cold storage.Choose Your Tool Several tools exist for making a paper wallet – I am using https://bitcoinpaperwallet.com/ (one of the most popular) in this tutorial.

The Chairman of the Securities and Exchange Commission, Jay Clayton, made a public statement on the SEC’s website that leveled some cautionary words for the cryptocurrency markets.His warnings mainly focused on initial coin offerings (ICOs) and “tales of fortunes” that are luring investors into the market, with his concern particularly on those who cannot necessarily afford to take speculative risks. Mr.

Coty posted sales that were below expectations. It adjusted earnings, however, beat estimates. The beauty company’s adjusted net income came in 17 cents a share, for its fiscal second quarter ended Dec. 31, vs. 27 cents a share, in the year-ago quarter. Analysts polled by FactSet had expected per-share earnings of 7 cents. Excluding adjustments, the company had a loss of -36 cents a share vs...

On Tuesday, Canadian cannabis company Canopy Growth reported fiscal third-quarter revenue that surpassed analysts’ expectations. However, the company incurred a loss during the period. The company’s revenue grew +23% year-over-year to a record-setting $152.5 million in the three months ending Dec. 31, 2020. Canopy Growth’s fiscal third-quarter net loss came in at -C$829 million (-US$651.1...

Bitcoin climbed to a new high on Tuesday, as it edged past $48,000 for the first time. This followed the disclosure of Tesla’s $1.5 billion investment in the cryptocurrency. On Monday, Tesla said it would begin accepting bitcoin as a form of payment for its electric cars. The SEC filing mentioned that Tesla had purchased $1.5 billion of the cryptocurrency. Following Tesla's announcement...

The CEO of Coinbase (which is arguably the world’s most popular exchange for buying and selling bitcoin) came clean to the investment world last week with some candid, but hardly reassuring, statements about his cryptocurrency exchange. In a Medium post, the CEO, Brian Armstrong, made the following statement: “We wanted to remind customers that access to Coinbase services may become degraded or unavailable during times of significant volatility or volume…This could result in the inability to buy or sell for periods of time.While the honesty from Mr. Armstrong is certainly appreciated, the reality of liquidity problems is a major issue. Some assets can exist perfectly fine in illiquid markets, like fine art or real estate.

The second role is related to the first, but not necessarily in a good way – AI could potentially shrink the size of the asset management/hedge fund business, by taking the jobs of thousands of data crunchers and analysts who would technically no longer be needed.By some estimates, AI is set to replace 90,000 asset management jobs and 45,000 sales and trading jobs by 2025. Let’s start with role #1 – AI being a revolutionary tool to help investors trade.

This mindset causes many to resist the idea of AI’s rise, but it shouldn’t – it’s possible, perhaps even likely, that AI will actually create jobs on net. Indeed, a recent report by Gartner indicated that while AI could eliminate 1.8 million jobs, it may also create 2.3 million jobs in the process.But for those who are game and willing to learn, the future is bright. In the immediate future, there are four professions in particular that could see an immediate and voluminous boost, as more companies adopt AI and as it envelops more aspects of the economy more quickly.

Interest rates in the U.S. have been rising over the last six months, not the Fed Funds rates that the Federal Reserve controls, but the 10-year and 30-year Treasuries. If we look at a daily chart for the 10-year treasury yield, it has jumped from 0.504% last August to a recent high of 1.193%. The trek higher has been steady and consistent. If this was a stock chart I was looking at, I would...

Noted examples are "medical diagnostic apps" that read through millions of research papers. Google Prediction brings the power of machine learning to anyone.When the system is trained, you can have it make predictions. Windows Azure Machine Learning Recommendations provides solutions based on predictive analysis.

Wynn Resorts announced a public offering of 5.5 million shares. The casino operator said that it will use the funds for general purposes. The offering is valued at as much as $643.4 million. Deutsche Bank, Goldman Sachs and Bank of America are lead bookrunning managers for the offering. Wynn plans to grant the underwriters the options to buy an additional 825,000 shares to cover...

Within the family of computerized learning, you might think of “deep learning” as the gifted child of machine learning.AI is designed to perform tasks as programmed, i.e., it is fed a sophisticated algorithm and programming and is let loose on things like massive data sets.

On Monday, Amazon announced that plans to buy half of the energy produced by a new wind farm in the Netherlands. Shell and Eneco secured the right to build the 759 megawatt wind farm in the North Sea last July. The e-commerce behemoth said it would now purchase over 380 MW of the farm’s output to power its operations in Europe. This will be the largest single-site renewable energy project...

These are lavish salaries even by Silicon Valley standards, and its plain to see just how valuable the industry considers AI – and how quickly the rush is to be first to market. Salaries are soaring so quickly that an inside joke within the industry is that AI specialists need to be handled like professional athletes, with short-term contracts and salary caps.It’s also true that they often move from company to company and opportunity to opportunity, just like professional ball players do. At the highest end of the compensation spectrum are executives with experience managing AI projects.

For now, I’ll focus on the first two parts—the basics of Bitcoin. To understand Bitcoin, you first must understand the term ‘cryptocurrency.’ Look no further than the Oxford Dictionary for a concise definition, where cryptocurrency is defined as "a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.Not having a middleman is the key, so to speak, since it allows for direct, private transactions between users with virtually no transaction costs. At the end of the day, Bitcoin is a real currency used by (mostly) normal people, but the transactions are generally not for everyday purchases like groceries or clothes.

AlphaGo was able to defeat world champion Go player Lee Sedol in 2016. Since that time, the AI has gotten even better at the game.This reinforcement learning strategy, which was used extensively by AlphaGo as well, has its roots in psychology: the neural network learns from rewards like humans do. The results?

A recent study conducted by Markets and Markets suggests that the AI industry will be worth over $16 billion by 2022, which would mark a compound annual growth rate (CAGR) of 62.9% over the next five years.Yes, you read that figure correctly—annualized growth of over 60% each year for the foreseeable future! With AI’s rapid growth and adoption across many industries and for many purposes, corporations are literally racing to research and develop AI for their business, for fear of being left behind.

The most recent mania to hit the market seems to be stocks with high short interest. The huge spikes in Gamestop (GME) and AMC Entertainment (AMC) brought attention to an indicator that I’ve been using for 20 years. The most recent short interest reports recently came out and they are updated through January 15. Some investors have been buying stocks simply because of their short interest...