Goldman Sachs is using ChatGPT-style A.I. in house to assist developers with writing code

The Goldman Sachs logo displayed on a smartphone. Budrul Chukrut | Sopa Images | Lightrocket | Getty Images Goldman Sachs is experimenting with generative AI tools internally to help its developers automatically generate and test code, the company’s chief information officer told CNBC. Marco Argenti, who joined Goldman as a partner from Amazon in 2019, … Read more

Give us your nominations: CNBC is ranking the world’s top fintech companies

In 2022, the fintech world took a beating, with some of the world’s most richly valued companies seeing their valuations slashed. But innovation is still happening — with a vengeance. Oscar Wong | Moment | Getty Images CNBC and independent research firm Statista are working together to identify the world’s top fintech companies, to be … Read more

Virgin Orbit returning ‘small’ team from unpaid pause on Thursday to prep for next rocket launch

Virgin Orbit flew its modified Boeing 747 airplane “Cosmic Girl” with the company’s LauncherOne rocket under its wing for the first time on November 18, 2018. Virgin Orbit Virgin Orbit is returning a “small” team to work on Thursday, according to a company-wide email obtained by CNBC, as it aims to prepare for its next … Read more

Morgan Stanley’s case for six Club names, including Alphabet and Microsoft

When evaluating stocks for the Club, we’re guided by our long-term mantra: Own companies that make stuff and do things at a profit. We hold the stocks of companies that showcase room for future cash-flow growth, are industry leaders with durable moats, and have strong balance sheets. In a research note Tuesday, Morgan Stanley identified … Read more

Bill Gates says OpenAI’s GPT is the most important advance in technology since 1980

Microsoft founder Bill Gates speaks during the Global Fund Seventh Replenishment Conference in New York on September 21, 2022. Mandel Ngan | AFP | Getty Images Microsoft founder Bill Gates says that OpenAI’s GPT AI model is the most revolutionary advance in technology since he first saw a modern graphical desktop environment (GUI) in 1980. … Read more

Satellite maker Terran Orbital sees annual revenue climb near $100 million

Terran Orbital, a specialist in manufacturing small satellites, reported fourth-quarter results on Tuesday, with annual revenue nearing $100 million as it continued to build its order backlog. For the full year of 2022, Terran Orbital brought in $94.2 million in revenue – more than double its 2021 total. The Irvine, California-based company reported that revenue … Read more

Bitcoin, ether build on recent gains as investors await Fed rate hike decision

Pedestrians walk past an advertisement displaying a Bitcoin cryptocurrency token on February 15, 2022 in Hong Kong, China. Anthony Kwan | Getty Images Cryptocurrency prices were slightly higher Tuesday as investors braced for the conclusion of the Federal Reserve’s two-day policy meeting on Wednesday. Bitcoin was trading back above the $28,000 level, after slipping below … Read more

Google CEO tells employees that 80,000 of them helped test Bard AI, warns ‘things will go wrong’

Alphabet CEO Sundar Pichai gestures during a session at the World Economic Forum (WEF) annual meeting in Davos, on January 22, 2020. Fabrice COFFRINI | AFP | Getty Images Google and Alphabet CEO Sundar Pichai told employees that the success of its newly launched Bard A.I. program now hinges on public testing. “As more people … Read more

Club meeting recap: Banking assurances boost market, but Jim Cramer still sees room to buy Meta

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. Markets moving higher Emerson Electric gets an upgrade Morgan Stanley endorses Meta 1. Markets moving higher Stocks moved higher Tuesday morning after Treasury Secretary Janet Yellen said the government is … Read more

Here are Morgan Stanley’s favorite quality stocks to buy as bear market nears end

As investors start preparing for the end of the bear market, Morgan Stanley has identified a number of stocks it expects to outperform once the next bull market begins. The Wall Street investment bank is anticipating a stronger earnings picture in 2024. It also sees several potential cyclical and secular catalysts of the next bull … Read more