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9/21/2017, 7:00 PM
Note: Monday' class in
Room DWTN 108 AT 6:20
Wednesday's class encouraged to Attend : Con Ed Speaker
In the news:
Tesla reportedly working with AMD to develop AI chip
Tesla (TSLA) is teaming up with AMD (AMD) to develop its own AI chip
for self-driving cars, according to a report by CNBC. And Wall Street
is already weighing in on the partnership. Jefferies analyst Mark
Lipacis wrote it's a "critical win" for AMD.
On the other hand, Nvidia (NVDA) shares are falling on the news, since
a partnership with AMD would make Tesla less reliant on the company.
Albertsons buys Blue Apron rival Plated
Grocery chain Albertsons has reached a deal to buy meal-kit delivery
company Plated. The acquisition sent shares of Plated rival Blue Apron
(APRN) into the green. Bob Miller, chairman and CEO of Albertsons,
said in a statement, "Today's consumer is looking for a variety of
personalized shopping alternatives, and this transaction is the latest
example of Albertsons Cos. meeting our customers wherever and however
they like to shop."
Amazon plans to add jobs in New York
Amazon (AMZN) is expanding its presence in New York. The e-commerce
giant is planning to create more than 2,000 jobs in New York City over
the next three years and plans to open a new office in Manhattan in
2018. New York Governor Andrew Cuomo announced the jobs will be in
finance, sales, marketing and information technology. He also added
that Amazon's decision "is proof positive that the strong economic
climate of this state, and New York's diverse workforce and talent are
helping to attract top-notch companies from around the world."
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