Global Stock Markets Surge Following Palantir's Strong Earnings Report
Global stock markets experienced a significant rally following Palantir's blockbuster earnings report, which exceeded analysts' expectations, according to Fortune. The positive earnings, coupled with a surprisingly optimistic poll of manufacturers, fueled the surge.
Palantir's stock rose 10.86% in overnight trading after closing up 0.81% the previous day, Fortune reported. This positive momentum extended to other tech giants, with Apple, Alphabet, and Amazon also experiencing gains. Nasdaq 100 futures rose 0.41% this morning, while SP 500 futures were up 0.14% after the index closed up 0.54% yesterday, according to Fortune.
The positive trend was also evident in Asian markets, with Japan's Nikkei 225 up 3.92% and South Korea's KOSPI up 6.84%, Fortune noted.
In other news, Frank J. Bisignano, the current commissioner of the Social Security Administration (SSA), has taken on the additional role of CEO of the Internal Revenue Service (IRS), Fortune reported. According to Fortune, Bisignano's dual role makes him the top day-to-day leader of the IRS. Bisignano's background includes leadership positions in large financial institutions and fintech companies, including serving as CEO of both Fiserv and First Data, Fortune noted.
Meanwhile, in the realm of artificial intelligence, enterprises are increasingly adopting Retrieval-Augmented Generation (RAG) to ground Large Language Models (LLMs) in proprietary data, according to VentureBeat. However, many organizations are finding that retrieval has become a foundational system dependency, VentureBeat reported. Failures in retrieval can lead to business risks, undermining trust, compliance, and operational reliability, according to VentureBeat.
Additionally, a new platform called RentAHuman.ai has emerged, connecting AI agents with humans for physical tasks, according to Hacker News. The platform allows AI agents to "hire" humans for tasks they cannot perform themselves, such as pickups, meetings, signing, and verification, according to Hacker News. Humans can create profiles on the platform, set their rates, and get paid in stablecoins or other methods, according to Hacker News.
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