Feb 12 (Reuters) - Trading platform Robinhood reported a surge in fourth-quarter profit on Wednesday, fueled by frenetic activity in equity and crypto markets following Donald Trump's presidential election victory. The Menlo Park, California-based company reported a profit of $916 million, or $1.01 per share, in the three months ended Dec. 31. That compares with $30 million, or 3 cents...

WASHINGTON (Reuters) -The federal government posted a $129 billion budget deficit for January, up sharply from an unusually low $22 billion deficit in January 2024 due to benefit payment calendar shifts and higher outlays for Social Security, Medicare, interest and other costs, the U.S. Treasury said on Wednesday. The January budget results, the last reflecting fiscal management of former president...

04:02 PM EST, 02/12/2025 (MT Newswires) -- Baidu ( BIDU ) plans to release Ernie 5.0, the next generation of its artificial intelligence model with expanded capabilities during H2 2025, CNBC reported Wednesday, citing a person with knowledge of the matter. Baidu ( BIDU ) introduced its Ernie large language model in March 2023. Ernie 5.0 will add several multimodal...

(Reuters) - OpenAI will not release o3 as a standalone artificial intelligence model, as the ChatGPT maker looks to simplify its products, CEO Sam Altman said on Wednesday. The Microsoft ( MSFT )-backed startup will release a GPT-5 model as a comprehensive AI system that will incorporate o3 along with other technologies, he said in a post on X. OpenAI...