Truncated: latest AI news

Monday 2 November

Traders rushing into a leveraged ETF to make a bullish bet on the Nasdaq-100 just got burned

AI-generated summary The Direxion Daily Semiconductor Bull 3X ETF is available after booking a nearly 48% drop in October as tech stocks struggled under renewed anxiety around the artificial-intelligence trade. Traders rushing into the ProShares UltraPro QQQ to make a bullish bet on the Nasdaq-100 got burned as the fund sank following a deep, 20.5% loss in October.

Using Claude for Legal Work: Privilege, Confidentiality, and How to Think About Configuration | Claude Help Center

AI-generated summary Anthropic made Claude available for lawyers and legal teams to use for research, drafting, contract review, and litigation preparation under specific configuration options. Anthropic says customer content from Team and Enterprise plans, the Claude Platform, and the API is not used to train its models by default under commercial terms.

Palantir beats Q3 estimates, lifts 2026 revenue outlook to around $8.5 billion

AI-generated summary Palantir releases its third-quarter financial results, beating analyst expectations across every major line and lifting its full-year revenue outlook to around $8.53 billion. Palantir says it expects fourth-quarter revenue of about $2.65 billion while raising full-year adjusted operating income guidance to about $5.25 billion.

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The best speech recognition you can run at home is absolutely tiny, and it runs on a ten-year-old laptop

AI-generated summary Nvidia has made available Parakeet, an open-source automatic speech recognition model that turns spoken audio into text locally without requiring cloud services. The model runs on modest hardware and can process recordings, voice notes, and web-based audio while keeping all data fully private on-device.

Humanoid AI connects walking and object handling without demonstrations of complete task sequences

AI-generated summary Seoul National University College of Engineering researchers announced the RISE framework, which connects walking and object handling without requiring complete task sequence demonstrations. The research team validated the framework in simulation and on a Unitree G1 humanoid robot to perform multistep tasks sequentially.

Chip stocks are suffering from a ‘crisis of confidence’ — but things aren’t as gloomy as they seem

AI-generated summary Intel released a recent earnings report that showed strong performance for its data-center and AI business despite an overall stock decline. Rasgon says earnings reports from major cloud-services providers support the idea that the artificial-intelligence trade has more room to run.

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