BBD Investors

  Godfather of AI Blasts Musk's xAI as “Failure,” Says Labs Are Risking a “Big Bubble Explosion” The Bombshell That Shook Silicon Valley You're Yann LeCun . You're one of the most respected computer scientists on the planet. You've won the Turing Award , the Nobel Prize of computing. You were the chief AI scientist at Meta. And you've just watched Elon Musk 's xAI burn through  billions of dollars  while losing its entire founding team. So when CNBC sits you down for an interview, you don't hold back. “xAI is kind of a failure, frankly.” Those six words sent shockwaves through Silicon Valley. But LeCun wasn't done. He went on to warn that the  entire AI industry  is sitting on a powder keg, and unless labs cut costs and raise prices, we're heading for a  “big bubble explosion.” This isn't just gossip between tech billionaires. This is one of the founding fathers of artificial intelligence telling the world that  the AI gold rush might be built...

  Belief That Anyone Can Achieve the American Dream Is Fading, Poll Finds You know that feeling when you're doing everything right, working hard, showing up, playing by the rules, and yet the finish line keeps moving further away? That's not just you. That's  most of America  right now. A wave of new polling from Gallup , the Associated Press-NORC Center , and CNBC has delivered a sobering verdict:  the belief that anyone can achieve the American Dream is fading.  And not just fading, for many, it's already gone. Let's be honest here. The American Dream has always been more of a promise than a guarantee. But when nearly two-thirds of Americans say that promise is broken, something fundamental has shifted. Here's what the data actually shows, why it's happening, and, most importantly, what it means for you. What the Numbers Actually Say Let's start with the hard numbers. Because the data doesn't lie, and honestly, it's pretty startling. Gal...

  California’s Counting on an IPO Tax Windfall. Several Factors Are Complicating the Equation. You're expecting a massive bonus at work. You've already mentally spent it, the home renovation, the vacation, the new car. Your budget depends on it. Then you find out the bonus is going to be spread out over three years. And your most sophisticated colleagues have found ways to reduce their tax bill substantially. And the market might crash before you see a dime. That's California right now. The Golden State is counting on an IPO tax windfall from three tech giants,   SpaceX ,  OpenAI , and  Anthropic  - to help balance its books. Combined, these companies could be valued at over $4 trillion. The 2012 IPO of Facebook, then valued at just $104 billion, generated  $1.3 billion  in taxes for California. Simple math suggests this new wave could bring in tens of billions. But here's the thing: the math isn't simple anymore. The way tech employees are compensat...

  Stocks Making the Biggest Moves Premarket: Intel, SpaceX, Micron, Carnival & More There's something almost magical about the premarket trading session. It's the stock market's "first draft", a quiet, low-volume period where the biggest news of the day gets priced in before most of us have even had our morning coffee. And today? Today is one of those mornings that reminds you why premarket action matters. We're seeing a fascinating mix of movers this morning: a semiconductor giant staging a dramatic comeback, a freshly public space company catching its breath after a record-breaking debut, a memory-chip stock riding the AI wave to new heights, and a cruise operator getting a boost from a geopolitical breakthrough. Intel Jumps 9%, The Apple Deal That Changed Everything What Trump Said on Truth Social If you're wondering why Intel (INTC) shares are up nearly 9% in premarket trading, look no further than a Truth Social post from President Donald Trump...

  22 Hours in the Sky: Qantas Just Announced the World’s Longest Flight, Here‘s What You Need to Know Twenty-two hours in a plane seat isn‘t exactly most people’s idea of a good time. That‘s nearly a full day. That’s enough time to watch the entire  Lord of the Rings  trilogy, extended editions, obviously, and still have hours to spare. That‘s long enough to cross nine time zones and witness two sunrises from 40,000 feet. And yet, Qantas just announced they’re going to do exactly that. Starting October 2027, the Australian flag carrier will launch the world‘s longest nonstop commercial flight between Sydney and London . The journey will cover 17,015 kilometers (that’s 10,573 miles) and take anywhere from 19 to 22 hours, depending on winds and routing. This isn‘t just another route announcement. This is aviation history in the making. This is the culmination of a promise Qantas made back in 2017, to conquer what they called “the final frontier of long-haul aviation”. ...

  What Smart People Are Saying After Fed Chair Kevin Warsh's Debut Kevin Warsh 's first Fed meeting sent stocks tumbling and bond yields soaring. From El-Erian to Gundlach, here's what top economists and Wall Street strategists are saying about the new Fed chair's hawkish debut . Kevin Warsh stepped up to the podium inside the Federal Reserve 's headquarters on June 17, and within minutes, it was clear: this wasn't going to be the press conference anyone expected. The Fed held interest rates steady at 3.5% to 3.75%, a move markets had fully priced in. No surprises there. But the man behind the podium? That was a different story entirely. In his first meeting as Fed chair, Warsh struck a firm tone on inflation, signaling that the central bank's focus remains squarely on getting price growth back under control. He unveiled plans to rethink how the central bank communicates and operates. He dropped forward guidance . He refused to submit his own " dot plot...