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Wall Street Beats
CNBC is reporting on a totally-expected event: MSFT will be showcasing new AI tools for PCs and cloud at their annual Build conference in May.
The NYT is out with a piece about banks trying to figure out how deep they can cut junior banker hiring by using AI. Who are all the MD’s going to boss around? Isn’t that part of their pay package?
GS and MS upgraded China GDP growth expectations, per Reuters…anyone remember how Fitch just lowered their expectations? Seems like 2 are forward thinking, and 1 is backward thinking…catching up with peers’ prior downgrades.
ADBE is buying videos for $3 per min to train its AI text-to-video generator. They want 100 short clips of people doing everyday things like walking or expressing emotions. I bet the clips they receive are hilarious at times. But, is anyone else a tad bit scared at where we’re headed collectively?
PPI data came out. Yes, it increased the most in 11 mo, but it trailed estimates.
Risk-on.
