2024-01-29 15:27:16
(Illustration: Camille Charbonneau)
THE ESSENTIAL NEWS
• Microsoft is preparing to record an increase in its turnover boosted by AI, the stock is climbing. Microsoft is expected to record a 15.8% jump in quarterly revenue, its best growth in nearly two years, as growing adoption of its generative AI-infused products fuels demand for “cloud” services.
• Financiers grappling with aircraft shortages in the context of the Boeing MAX crisis. Global airline financiers are meeting for the first time since a mid-flight cabin panel explosion plunged Boeing into a new safety crisis, deepening plane shortages as regulators stepped up factory inspections.
• ADM postpones the payment of bonuses to certain executives as part of an accounting investigation. Archer-Daniels-Midland will delay paying performance bonuses to some executives until its financial statements are completed and audited, according to a staff memo seen by Reuters.
• Italian supervisory authority says OpenAI’s ChatGPT violates privacy rules. Italy’s data protection authority said it had informed OpenAI that its artificial intelligence chatbot application ChatGPT violated data protection rules.
• The White House council on artificial intelligence meets Monday, as legislative action stalls. The White House Council on Artificial Intelligence is meeting, three months following President Joe Biden signed an executive order aimed at reducing the risks posed by artificial intelligence.
TRENDS BEFORE OPENING
THE futures of the main Canadian stock index are pulling lower due to falling copper prices, while investors have been cautious ahead of key domestic economic data. THE US major index futures remain discreet at the start of a week full of major events, including the Federal Reserve’s decision on interest rates and the results of large technology companies, which might set the tone on Wall Street following a record rally. THE European stocks are progressing slightly, driven by the strength of the energy sector. In Asia, the Chinese stocks fell despite new government measures to limit short selling, while the Nikkei Japanese closed higher. THE American dollar progresses before the Fed meeting during a week rich in data. THE gold price strengthened, as the escalation of tensions in the Middle East reinforced the appeal of bullion as a safe haven. THE oil price have increased due to fears of supply disruption.
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