This is a guest post co-written with Tim Krause, Lead MLOps Architect at CONXAI. CONXAI Technology GmbH is pioneering the development of an advanced AI platform for the Architecture, Engineering, and Construction (AEC) industry. Our platform uses advanced AI to empower construction domain experts to create complex use cases efficiently.Continue Reading
wellesenterprises/iStock Editorial via Getty Images Archer Daniels Midland (NYSE:ADM) said Friday its previously planned joint ventures with LG Chem to make materials for plant-based products such as bioplastics will not move forward, citing high costs. “Since we originally announced our two joint ventures with LG Chem for lactic and polylacticContinue Reading
Home improvement and building stocks were under pressure Monday after construction spending was unexpectedly soft in May, down 0.1% from a revised 0.3% increase the month prior. The data weighed on stocks in the category with Home Depot (NYSE:HD) and Lowe’s (LOW) down 2% and 3%, respectively at the closeContinue Reading
Akacin Phonsawat/iStock via Getty Images May Construction Spending: +0.1% M/M to $2,139.8B vs. +0.3% expected and -0.1% in April. The May figure is 6.4 percent above the May 2023 estimate of $2,011.8 billion Spending on private construction was at a seasonally adjusted annual rate of $1,652.1 billion, 0.3 percent belowContinue Reading
Wasan Tita Evercore ISI analysts said the “alchemy of portfolio construction” in 2024 should have four pillars, according to an Equity and Derivates Strategy macro note. First, it should have stocks that are “artificial intelligence revolutionaries.” — In other words, companies that are enabling the AI transition or using AIContinue Reading
