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☆ Big Tech is eating as much data as it can to win in AI — but it's not 'winner takes all,' CEO says
▼ + stars: | 2024-05-08 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

Matt Calkins, CEO and co-founder of Appian, said that though internet giants like Microsoft , Amazon , and Google are spending billions on the tech, ensuring success in AI is "not just about money." "AI is not a place where money makes more money," Calkins told CNBC in an interview at its London bureau on Tuesday. Microsoft has struck a similar deal with Mistral, taking a 15 million euro ($16 million) stake in the French AI firm. Separately, Amazon has invested a whopping $4 billion into U.S. AI firm Anthropic, which is behind the Claude AI system. "The best AI will be the AI you put your data into, not whoever bought the biggest stack," he said.

Persons: Matt Calkins, Appian, Calkins, Sam Altman, Altman, Claude, you've, —, Sundar Pichai Organizations: Microsoft, Google, CNBC, Mistral, Amazon, OpenAI, Anthropic, British Locations: London, OpenAI, Redmond, Washington, French, Anthropic, Europe

☆ AI revolution being 'held up a little bit by fear,' Appian CEO says
▼ + stars: | 2024-05-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAI revolution being 'held up a little bit by fear,' Appian CEO saysMatthew Calkins, CEO of Appian, discusses the state of the AI industry in the U.S. and Europe and weighs in on what could lie ahead.

Persons: Appian, Matthew Calkins Locations: U.S, Europe

☆ How Hedge Funds Are Betting on Electricity and the Changing Power Grid
▼ + stars: | 2024-03-05 | by ( Alex Morrell | Bradley Saacks | ) www.businessinsider.com time to read: +19 min

A onetime commodities backwater, congestion trading has become a growing business in recent years as the demand for electricity and volatility on the power grid in the US has soared. The financial category, which includes specialized power-trading companies, banks, hedge funds, and large proprietary trading firms, dominates the market, in part because the physical power firms typically operate in only one or two regions. He launched three congestion trading teams for the firm, including in California and Texas after those states introduced congestion trading in 2008 and 2010, respectively. Citadel, along with Susquehanna International Group and Tower Research, has been involved in FTR trading since the market's infancy. Volatility has been increasing on the power grid, in part because of changing weather patterns, Jeev added.

Persons: Kumar Jeev, Jane Street, Richard Roseblade, who's, There's, Roseblade, Bill Clark, Jeev, DC Energy's Tyler Kuhn, DRW, California Al Seib, Brevan Howard, Jane, Stephanie Staska, Staska, couldn't, Joe Biden's, It's, Meredith Angwin, Angwin Organizations: Business, Capital, Midwest, Citadel, Tower Research, Yes Energy, Energy, Anadolu, Getty, Federal Energy Regulatory Commission, FERC, Nasdaq, York Stock Exchange, Nvidia, Johns Hopkins University, DC Energy, Wayfair, Squarepoint, Appian, Boston Energy, Susquehanna International Group, DC, Bloomberg, Commodities, Traders, Wall Street, Workers, GreenHat Energy, JPMorgan, Hill Energy Resource & Services, P, Grid, & $ Locations: Wall, East Coast, DRW, Susquehanna, FTRs, New York, Canada, Texas, Virginia, California, Berlin, Chicago, Oregon, California Al, Ukraine, Russian, Uri, Northern Virginia

☆ The world is splitting between those who use ChatGPT to get better, smarter, richer — and everyone else
▼ + stars: | 2023-12-01 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +6 min

There is growing evidence that artificial intelligence tools such as ChatGPT can make you more efficient and capable at work. And the effect will be particularly noticeable if no one else in the company is using AI in this way. All said that outsourcing time-consuming, small jobs to AI tools freed up their time. AI at work still needs careful handlingThere are obvious caveats to using AI to do your work for you. Some companies also have specific rules for AI tools due to fears around copyright or data security.

Persons: ChatGPT, —, OpenAI's, techies, Google's, Matt Calkins, Appian, It's, Shakespeare, Shona Ghosh Organizations: Service, Harvard Business School, Boston Consulting, Developers, Microsoft, Workers

ISSY-LES-MOULINEAUX, France (AP) — In a high-profile showdown, Rome, Busan and Riyadh are the top contenders to become the host city of the 2030 World Expo, with the organizing body choosing the winner on Tuesday. The meeting started with the candidates' final presentation to be followed by the vote, which will be held behind closed doors. Political Cartoons View All 1267 ImagesThe Rome campaign also hosted BIE delegates at Paris’ luxurious Plaza Athenee hotel. The World Expo has a storied history of bringing together nations to showcase technological innovations and cultural achievements. With the world’s attention turned to Paris, the upcoming vote will set the stage for the next chapter in the rich legacy of the World Expos.

Persons: Russell Crowe, Giampiero Massolo, ” Rome’s, Psy, Emmanuel Macron, Ferris, ___ Thomas Adamson, John Leicester, Frances D’Emilio, Colleen Barry Organizations: Expo, BIE, Paris, Michelin, Eiffel, Saudi, Expos, World Expos Locations: ISSY, France, Rome, Busan, Riyadh, Paris, BIE, Issy, Italy, ”, Roman, Saudi Arabian, Elysee, Osaka, Japan, Milan

☆ Want a family activity this holiday? A CEO who designs board games as a hobby has 2 suggestions.
▼ + stars: | 2023-11-24 | by ( Shona Ghosh | ) www.businessinsider.com time to read: +5 min

Calkins also owns "maybe 800" board games, and designs his own. AdvertisementAnyone who suffered through Monopoly growing up may associate family board game sessions with intergenerational tension, boredom, and despair. In his off-hours, the chief executive sometimes delves into his collection of around 800 board games and regularly challenges his own employees to a match. Matt Calkins' board games: Charioteer, Sekigahara, and Tin Goose. Matt CalkinsApart from his own, these are the two family-friendly games Calkins recommends, plus some bonus recommendations.

Persons: Matt Calkins, Appian, Calkins, —, it's Organizations: Service, Monopoly, Appian, Hasbro, Elon Locations: Japan, Sekigahara

☆ Here are Tuesday's biggest analyst calls: Nvidia, Apple, Nike, TJX, Disney, Peloton, Re/Max, Home Depot and more
▼ + stars: | 2023-11-07 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Morgan Stanley reiterates Apple as overweight Morgan Stanley said it's standing by its overweight rating on the stock after its 10-K annual report. Morgan Stanley initiated Tal Education as overweight Morgan Stanley said the China education company is defensive. Morgan Stanley names TotalEnergies a top pick Morgan Stanley named TotalEnergies a top pick and says the energy company has "resource depth and resilience." Morgan Stanley reiterates Tesla as overweight Morgan Stanley said in a note Tuesday that Tesla needs to "stop missing numbers" and execute better, but that the firm is sticking with its overweight rating. Morgan Stanley downgrades Re/Max to underweight from equal weight Morgan Stanley said in its downgrade of Re/Max that it sees too many negative catalysts for the real estate company.

Persons: Morgan Stanley, Apple, it's, Edward Jones, Hewlett Packard, PC's, D.A, Davidson, Appian, Wells, Wells Fargo, financials, Tal, EDU, TAL, TotalEnergies, TJX, Goldman Sachs, Tesla, Melius, Morgan Stanley downgrades, Max Organizations: RBC, Home, ISI, Nike, Athletic, UBS, Apple, Citi, Deutsche Bank, TAM, Hewlett, Disney, Tal Education, BP, TJX Companies, Thomson Reuters, Nasdaq, Tesla, Nvidia Locations: Ceridian, China, OW

☆ $1 bln metals SPAC deal backed by Glencore, automakers collapses
▼ + stars: | 2023-09-28 | by ( ) www.reuters.com time to read: +3 min

The logo of commodities trader Glencore is pictured in front of the company's headquarters in Baar, Switzerland, July 18, 2017. In June, global miner Glencore (GLEN.L), Chrysler parent Stellantis (STLAM.MI) and Volkswagen's (VOWG_p.DE) battery unit PowerCo agreed to back the deal through an equity investment. Weak economic data from the world's largest metals consumer China, which it has reported since August, affected the investors' appetite for the deal, a source, directly familiar with the situation, told Reuters. "The deal fell apart over price," said another source familiar with the situation, adding the price was higher than the buyers considered realistic after the nickel price declined. Reporting by Polina Devitt and Clara Denina; editing by Timothy Gardner and David GregorioOur Standards: The Thomson Reuters Trust Principles.

Persons: Arnd, ACG, Glencore, Appian, Sibanye, Polina Devitt, Clara Denina, Timothy Gardner, David Gregorio Our Organizations: REUTERS, Appian Capital, Chrysler, Reuters, South Africa's, Thomson Locations: Baar, Switzerland, London, Appian, China, Stillwater

☆ ChatGPT was an 'oh crap' moment for hundreds of CEOs
▼ + stars: | 2023-07-11 | by ( Shona Ghosh | Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

ChatGPT was an 'oh crap' moment for every CEO. Bosses of everything from travel firms to online florists showed off hastily built ChatGPT plug-ins. For much of corporate America right now, there's the world before ChatGPT, and the world after. Beckley was trying to enjoy the remainder of his Thanksgiving holiday when AI startup OpenAI dropped ChatGPT to the public on November 30. In 2022, the startup was reportedly heavily loss-making due to the costs of creating and running ChatGPT.

Persons: ChatGPT, florists, Michael Beckley, Appian, Beckley, Jefferies, Chris McCann, Jim Conroy, Appian's Beckley, everyone's, everything's Organizations: Morning, America, Mother's Locations: OpenAI

☆ Glencore, automakers to back $1 bln nickel, copper SPAC deal in Brazil
▼ + stars: | 2023-06-12 | by ( ) www.reuters.com time to read: +3 min

[1/2] The logo of commodities trader Glencore is pictured in front of the company's headquarters in Baar, Switzerland, September 30, 2015. Glencore will invest $100 million in ACG equity. Stellantis and mining investment fund La Mancha Resource Capital will each provide an equity investment of the same amount, while PowerCo will make a $100 million nickel prepayment. During the process, ACG will become ACG Electric Metals and issue new shares, making Glencore, Stellantis and La Mancha owners of 51% and leaving 49% for free float, Artem Volynets, ACG chief executive, told Reuters. The deal "will establish ACG Electric Metals as a premier supplier of critical metals into the western EV value chain," Volynets said.

Persons: Arnd, ACG, Mick Davis, PowerCo, Artem Volynets, Appian, Sibanye, Volynets, En, Rusal, Polina Devitt, Clara Denina, Kirsten Donovan, Jason Neely Organizations: REUTERS, Chrysler, Company, Santa, Appian, Chartered, Citigroup, Blue Resources, Metals Acquisition Corp, Glencore, La, La Mancha Resource, Metals, Reuters, South Africa's, Hong, Thomson Locations: Baar, Switzerland, Brazil, London, New York, Western Europe, North America, La Mancha, Stillwater, Santa Rita, Hong Kong

☆ Goldman Sachs loves these stocks, but the rest of Wall Street hates them
▼ + stars: | 2023-04-06 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Finding opportunities in this tricky stock market is no easy task, and Goldman Sachs thinks it might be worth looking at these unloved gems with great potential. The Wall Street bank identified a slew of stocks where its analysts are bullish but most of the Street gave either a neutral or sell rating. These stocks with buy ratings from Goldman analysts have at least 10% upside, based on their price target, and the firm's earnings estimates for these companies are at least 2% above consensus. "These names appear underappreciated by the market and could generate alpha for investors with a contrarian view," Goldman said. Ride sharing giant Lyft is also widely hated by Wall Street, except for Goldman.

☆ Water spoils archaeological quest for 'queen' of Roman roads
▼ + stars: | 2023-01-24 | by ( Alvise Armellini | ) www.reuters.com time to read: +2 min

[1/5] Medieval coins that have been found during excavations, looking for the "first mile" of the Appian Way, the first and most important highway of ancient Rome, are seen in this undated handout image obtained by Reuters. Appius Claudius Caecus, a magistrate, started the Appian Way in the 4th century BC. Valenzani explained that pumps are working 24/7 to clear water from the digging site and allow exploration, but would not be powerful enough if the excavation were to go deeper. In a last bid to find traces of the Appian Way's founding stones, archaeologists will extract samples of what remains unexcavated via a core drill before covering up the site. Reporting by Alvise Armellini; Editing by Josie KaoOur Standards: The Thomson Reuters Trust Principles.

☆ Gina Lollobrigida, post WWII Italian film diva, dies at 95
▼ + stars: | 2023-01-16 | by ( Philip Pullella | ) www.reuters.com time to read: +3 min

ROME, Jan 16 (Reuters) - Italian actress Gina Lollobrigida, a sultry Mediterranean diva who came to represent Italy's vibrant rebirth after World War Two, has died aged 95, her former lawyer said on Monday. "Farewell to a diva of the big screen, protagonist of more than half a century of the Italian film history. Ciao Lollo," Italian culture minister Gennaro Sangiuliano wrote on Twitter. One of her last appearances was a cameo in an Italian film in 2011. In an interview with Reuters in the Rome villa in 2006, she complained about intrusive photographers, saying they were still trying to invade her privacy.

☆ I expect to see automation do well in the next year, says Appian CEO Matt Calkins
▼ + stars: | 2022-11-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI expect to see automation do well in the next year, says Appian CEO Matt CalkinsMatt Calkins, Appian CEO, joins 'TechCheck' to discuss what investors are learning about cloud and enterprise spending in the current environment, who is best positioned right now and how consumption-based cloud models fare in economic downturns.

☆ Margot Robbie says tequila shots helped her film nude ‘Wolf of Wall Street’ scenes
▼ + stars: | 2022-11-25 | by ( Lisa Respers France | ) edition.cnn.com time to read: +1 min

CNN —According to Margot Robbie, she needed a little bit of liquid courage to film a now-famous scene in “The Wolf of Wall Street.”The Daily Mirror reported that during remarks at a BAFTA: A Life In Pictures recording, the Australian actress shared some of what happened behind the scenes when she starred as Naomi Lapaglia in the 2013 film opposite Leonardo DiCaprio as real-life stockbroker Jordan Belfort. The pair had a pretty racy nude scene together, and Robbie reportedly said she reached for some tequila to prepare. Margot Robbie and Leonardo Dicaprio in "The Wolf Of Wall Street." Appian Way/Paramount/Kobal/Shutterstock“I’m not going to lie, I had a couple of shots of tequila before that scene because I was nervous - very, very nervous,” she said. The film went on to be pretty big, unlike what Robbie had imagined.

☆ Cramer: Why tech can't find a bottom as other parts of the market show signs of life
▼ + stars: | 2022-11-06 | by ( Jim Cramer | ) www.cnbc.com time to read: +10 min

The Carvana and Zillow calls aren't resonating because the autos and housing companies have already seen their stocks crushed. At the same time, these once-thriving tech companies that saw an ever-expanding funnel somehow didn't seem to see any of this coming. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

☆ Stocks shrug off tech's troubles as the Street awaits key inflation data next week
▼ + stars: | 2022-10-28 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

The major indexes all posted gains this week despite a Big Tech beatdown, proving the market can rally without its most valuable stocks. Indeed strength in other sectors — only communication services finished down — helped the overall market to shrug off disappointing earnings results from Microsoft (MSFT), Alphabet (GOOGL), Amazon (AMZN) and Meta Platforms (META). Alphabet's results fell short of the Street's expectations, but still managed to grow revenue 6% annually off a $65 billion base. (Canada's central bank hiked rates less than expected this week, opting for a 50 basis point hike instead of the expected 75.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Yellen to tout Biden technology investments at Virginia business incubator
▼ + stars: | 2022-10-20 | by ( David Lawder | ) www.reuters.com time to read: +3 min

WASHINGTON, Oct 19 (Reuters) - U.S. Treasury Secretary Janet Yellen is set to resume her campaign-style promotion of President Joe Biden's economic initiatives on Friday, visiting a Virginia business incubator to tout U.S. investments in research, semi-conductors, clean energy and other technologies. The Treasury said Yellen will deliver remarks and meet with entrepreneurs at the Virginia Innovation Partnership Corp (VIPC) in Herndon, Virginia, a booming Washington suburb near Dulles International Airport. Register now for FREE unlimited access to Reuters.com RegisterLast month, Yellen made similar speeches to tout infrastructure and electric vehicle investments in Detroit and visited a solar power developer in North Carolina. The Washington Metro transit system is set to soon open a nearby stop on its Dulles line called Innovation Center. Register now for FREE unlimited access to Reuters.com RegisterReporting by David Lawder; Editing by Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

☆ It's possible to deploy capital without being profitable, says Appian CEO
▼ + stars: | 2022-09-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt's possible to deploy capital without being profitable, says Appian CEOMatt Calkins, Appian CEO, joins 'TechCheck' to discuss what he's investing in right now, why Appian is hiring faster and whether companies need to be profitable before finding opportunity in this market.

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