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Qualcomm is acquiring PickNik Robotics to enhance its robotics software capabilities and expand into physical AI markets. The deal integrates MoveIt, an open-source robotics framework, with Qualcomm's Dragonwing platforms and Arduino boards. While the acquisition supports long-term diversification beyond smartphones, integration challenges and competition from major chipmakers present near-term risks.
As tech leaders debate whether artificial general intelligence (AGI) has arrived, major companies are spending record amounts on AI infrastructure. The article examines different CEOs' timelines for AGI and identifies three stocks best positioned to profit from the massive AI spending regardless of when AGI actually arrives: Nvidia, Broadcom, and Alphabet.
Ten sectors are higher and one is lower in Tuesday’s regular session, with defensive sectors holding two of the top three positions. The leaders are separated rather than clustered, with Health Care, Real Estate and Financials setting a clear pace over the rest of the table.
Elon Musk floats an Amazon rival after users raise concerns over restrictions on AI shopping agents, including Grok bots.