Capgemini Predicts AI-Driven Self-Employed Workers to Debut in 2025
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Capgemini Predicts AI-Driven Self-Employed Workers to Debut in 2025

Capgemini, a leader in technology services, predicts that by 2025, AI-powered agents will collaborate to perform tasks within a multi-agent AI framework. Pascal Brier, Capgemini's chief innovation officer, revealed in an interview with CNBC that the company is already working with companies that are exploring these agent-based technologies. He noted that applications involving more autonomous agents are expected to emerge in the coming year. Capgemini describes AI agents as systems designed to operate independently, plan strategically, pursue high-level goals, and manage complex workflows with minimal human intervention. Essentially, these agents perform tasks on behalf of users. Brier stressed that the United States is at the forefront of developing this technology, while Europe is behin...
Delta Faces Major Disruption From Microsoft Outage
Business

Delta Faces Major Disruption From Microsoft Outage

Travelers wait in line at a Delta Airlines counter at Ronald Reagan National Airport in Arlington, Virginia, on July 19, 2024. Airlines around the world have been severely disrupted by a major global computer outage, which has caused chaos at airports. Delta Airlines CEO Ed Bastian has issued an apology and offered frequent flyer miles to affected travelers after thousands of flights were canceled due to a global computer outage Friday. The disruptions have drawn criticism from Transportation Secretary Pete Buttigieg. According to aviation data firm OAG, Delta canceled more than 4,600 flights from Friday through Sunday, more than any other airline. By Monday morning, Delta had canceled another 700 flights, representing 19% of its core flights and more than half of all cancellations in the...
Caitlin Clark Star Takes Over The Brickyard
Sports

Caitlin Clark Star Takes Over The Brickyard

The worlds of NASCAR and WNBA collided this weekend when Caitlin Clark's image graced the hood of Josh Berry's car at Indianapolis Motor Speedway. The unexpected partnership between the rising basketball star and the rookie driver generated considerable excitement and attention. While the Indianapolis 500 was unable to host Clark due to the Indiana Fever road course schedule, NASCAR and Panini capitalized on the opportunity to feature her in Berry’s car. The move proved to be a strategic success, generating significant social media engagement and increasing visibility for both athletes. Clark's immense popularity, fueled by his stellar performances in college basketball, has translated into a broader appeal that extends beyond sports. His image on a NASCAR car represents a unique crossove...
CrowdStrike Outage Highlights Risks of Rapid Software Updates
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CrowdStrike Outage Highlights Risks of Rapid Software Updates

A widespread outage caused by a faulty CrowdStrike software update has raised concerns about the potential consequences of rapidly deploying the software. The incident, which disrupted operations at numerous companies and government agencies around the world, underscores the critical importance of rigorous testing and quality assurance processes. Experts believe the problematic code likely slipped past the company’s quality assurance checks, highlighting a gap in its update procedures. The frequency of software updates, driven by the constant threat landscape, may have contributed to the oversight. The incident serves as a stark reminder of the potential risks associated with implementing software updates without adequate testing. While regular updates are essential to maintaining system ...
IMF questions path of rapid rate cuts in persistent inflation environment
Business

IMF questions path of rapid rate cuts in persistent inflation environment

The International Monetary Fund (IMF) has tempered expectations for rapid interest rate cuts, warning of increased inflation risks that could extend the Federal Reserve's tightening cycle. While recent data have shown a cooling of headline inflation, the IMF points out that underlying pressures, particularly in services and wages, remain persistent. This suggests that the path to lower inflation may be more arduous than expected. The IMF's cautious stance contrasts with market sentiment, which has been leaning toward multiple rate cuts this year. However, the fund's chief economist, Pierre-Olivier Gourinchas, has indicated that a more gradual approach to monetary easing may be needed. The U.S. economy is forecast to grow at a slower pace of 2.6% in 2024, as cooling consumer spending and a...
Growing Calls for Biden to Withdraw from 2024 Election
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Growing Calls for Biden to Withdraw from 2024 Election

A growing wave of congressional Democrats and former national security officials are urging President Joe Biden to step down from the 2024 presidential race. On Friday afternoon, 34 Democratic lawmakers publicly called on Biden to reconsider his candidacy. Biden’s campaign co-chair said the president is considering who would be the strongest candidate to uphold Democratic values ​​and win in November. In addition, more than 50 former U.S. national and foreign security officials, including Anthony Lake, former national security adviser under President Bill Clinton, have also advised Biden to end his campaign. They have expressed concerns about Biden's ability to secure a victory against Donald Trump, potentially jeopardizing Biden's record and national security legacy. The group s...
Mid-Day Market Action: CrowdStrike, Plug Power, Comerica and More
Business

Mid-Day Market Action: CrowdStrike, Plug Power, Comerica and More

Several stocks have seen significant mid-day changes in the market today. Among them are CrowdStrike, Plug Power, and Comerica. Here's a closer look at the major players making headlines. Crowd Strike (CRWD) CrowdStrike has seen a substantial increase in its stock price, driven by an upbeat earnings report that beat Wall Street expectations. The cybersecurity company reported stronger-than-expected revenue growth and issued positive guidance for the coming quarters. Investors responded favorably to the company’s solid performance and upbeat outlook, sending its shares up more than 10% at midday. Plug power supply (PLUG) Plug Power shares fell sharply after reporting their quarterly earnings. The hydrogen fuel cell company reported a wider-than-expected loss, disappointing i...
Bronny James shines with 12 points in Lakers’ Summer League win over Hawks
Sports

Bronny James shines with 12 points in Lakers’ Summer League win over Hawks

In his most notable performance of the Summer League, Bronny James made a significant contribution to the Los Angeles Lakers' narrow 87-86 win over the Atlanta Hawks. James scored 12 points, hitting 5-of-11 from the field and 2-of-5 from three-point range. Bronny’s summer league run has been a rocky one, averaging just 4.3 points and shooting 22.6 percent from three-point range through his first three games. Despite missing 15 three-pointers, his recent performance marks a promising turnaround. Drafted 55th overall by the Lakers in the 2024 NBA Draft, Bronny joins his iconic father, LeBron James, on the court. The young player has faced intense scrutiny, with many questioning his readiness for the NBA. However, his performance against the Hawks is a step toward silencing his critics. Skip...
Japan’s Nikkei hits record highs, Asian stocks rise on tech rally, rate-cut hopes
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Japan’s Nikkei hits record highs, Asian stocks rise on tech rally, rate-cut hopes

Fueled by a surge in technology stocks and rising expectations of a Federal Reserve rate cut, Asia-Pacific markets rose on Thursday. The highlight was Japan's Nikkei 225 index, which topped the 42,000 mark for the first time ever. The Nikkei rose nearly 1%, with technology stocks leading the charge. The broader Topix also hit new highs, rising 0.7%. This rally mirrored the performance of U.S. tech giants the day before, with chipmakers such as Taiwan Semiconductor Manufacturing Company (TSMC) and Nvidia posting significant gains. However, a separate report from Japan pointed to a potential weakness in the economy. Orders for basic machinery unexpectedly fell for a second straight month, potentially signaling a weakening in capital spending. That could pose a challenge to the Bank of Japan...
Fed Rate Cut Expectations Bolstered by Upcoming Inflation Report
Business

Fed Rate Cut Expectations Bolstered by Upcoming Inflation Report

Thursday's highly anticipated June CPI release will likely shape market sentiment regarding potential Federal Reserve rate cuts. Recent economic data, including rising unemployment, suggests both inflation and economic growth are cooling. Federal Reserve Chairman Jerome Powell acknowledged a more balanced risk outlook for inflation and recession in his testimony to Congress this week. He hinted at the possibility of rate cuts without waiting for inflation to hit the 2% target. Economists forecast a 0.1% monthly increase and a 3.1% annual increase in the consumer price index. The core consumer price index, excluding volatile food and energy prices, is forecast to rise 0.2% from May and 3.4% year-on-year. Market observers like Matt Brenner of MissionSquare Retirement believe that inflation ...