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☆ Steve Wozniak: When I die, these are the moments I want to remember—they don't involve co-founding Apple
▼ + stars: | 2024-05-18 | by ( Ashton Jackson | ) www.cnbc.com time to read: +1 min

At the end of his life, Steve Wozniak won't measure his happiness by the size of Apple's market cap or his personal net worth. In his speech, Wozniak recounted an article he once read about ex-Viacom CEO Sumner Redstone. "He was flying around to one city to sell a company for a billion of today's dollars, and then flying to another one ... To have that kind of wealth and power, would you want that when you die?'" The answer was "no," Wozniak continued: "I want to die remembering my pranks, and the fun I had, and funny jokes.

Persons: Steve Wozniak, —, Wozniak, Sumner Redstone Organizations: Apple, University of Colorado Boulder, Viacom

☆ Former Augusta National Golf Club employee pleads guilty to stealing millions worth of Masters memorabilia and merchandise
▼ + stars: | 2024-05-18 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +4 min

CNN —A former employee of the Augusta National Golf Club (ANGC) in Georgia has pleaded guilty to stealing millions worth of Masters Tournament merchandise and memorabilia. A view of a Members Only sign outside of Augusta National Golf Club prior to the 2024 Masters Tournament on April 7. The 11th green is prepared prior to the 2024 Masters Tournament at Augusta National Golf Club on April 6. CNN has contacted Augusta National for further comment. Unlike the other majors, The Masters is played at the same course every year, with Augusta National hosting the event since the year it was founded.

Persons: CNN —, Richard Globensky, Globensky’s, Arnold Palmer, Gene Sarazen, Ben Hogan, Globensky, Bobby Jones, Andrew Redington, “, Maddie Meyer, Tom Church, Scottie Scheffler Organizations: CNN, Augusta National Golf, District of Illinois Eastern, Masters, Augusta National, United States Attorney’s Office, Prosecutors, Augusta National Golf Club, PGA, U.S . Locations: Georgia, Chicago, Augusta, Florida

☆ The new highs confirm that we are in a bull market, says Bespoke Investment’s Paul Hickey
▼ + stars: | 2024-05-17 | 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 EmailThe new highs confirm that we are in a bull market, says Bespoke Investment’s Paul HickeyPaul Hickey, Bespoke Investment Group co-founder, joins ‘Squawk Box’ to discuss the latest market trends, why he believes we are in a bull market, and more.

Persons: Paul Hickey Paul Hickey Organizations: Investment Group

☆ More OpenAI drama: Exec quits over concerns about focus on profit over safety
▼ + stars: | 2024-05-17 | by ( Clare Duffy | ) edition.cnn.com time to read: +3 min

New York CNN —A departing OpenAI executive focused on safety is raising concerns about the company on his way out the door. His resignation followed an announcement by OpenAI Co-Founder and Chief Scientist Ilya Sutskever, who also helped lead the superalignment team, on Tuesday that he would leave the company. The technology will make ChatGPT more like a digital personal assistant, capable of real-time spoken conversations. “i’m super appreciative of @janleike’s contributions to openai’s alignment research and safety culture, and very sad to see him leave,” Altman said. i’ll have a longer post in the next couple of days.”–CNN’s Samantha Delouya contributed to this report.

Persons: Jan Leike, superalignment, OpenAI, “, Leike, ”, Ilya Sutskever, Sutskever, Sam Altman, Altman, Kara Swisher, ” Leike, ” Altman, ” –, Samantha Delouya Organizations: New, New York CNN, OpenAI, CNN Locations: New York, ChatGPT

☆ OpenAI dissolves team focused on long-term AI risks, less than one year after announcing it
▼ + stars: | 2024-05-17 | by ( Hayden Field | ) www.cnbc.com time to read: +5 min

The news comes days after both team leaders, OpenAI co-founder Ilya Sutskever and Jan Leike, announced their departures from the Microsoft-backed startup. OpenAI's Superalignment team, announced last year, has focused on "scientific and technical breakthroughs to steer and control AI systems much smarter than us." "I joined because I thought OpenAI would be the best place in the world to do this research," Leike wrote on X. Leike wrote that he believes much more of the company's bandwidth should be focused on security, monitoring, preparedness, safety and societal impact. The update brings the GPT-4 model to everyone, including OpenAI's free users, technology chief Mira Murati said Monday in a livestreamed event.

Persons: Sam Altman, OpenAI, Ilya Sutskever, Jan Leike, OpenAI's, Leike, Altman, Sutskever, Helen Toner, Tasha McCauley, Adam D'Angelo, Ilya, Jakub Pachocki, Mira Murati, Murati Organizations: OpenAI, Hope, CNBC, Microsoft, Wired, Tuesday, Wall Street Locations: Atlanta, Leike, OpenAI

☆ Cannabis reclassification is 'a real milestone' for the industry," says Curaleaf's Boris Jordan
▼ + stars: | 2024-05-17 | 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 EmailCannabis reclassification is 'a real milestone' for the industry," says Curaleaf's Boris JordanBoris Jordan, co-founder and executive chairman of Curaleaf, joins 'Squawk on the Street' to discuss the significance of cannabis' reclassification, the federal tax code around cannabis, and much more.

Persons: Curaleaf's Boris Jordan Boris Jordan

☆ Reddit stock jumps 14% after it inks data training deal with OpenAI
▼ + stars: | 2024-05-17 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

The agreement will allow OpenAI to train its large language model using content on Reddit. AdvertisementReddit stock surged 14% on Friday after it inked a content deal with OpenAI. The deal will allow OpenAI to train its large language model using content from Reddit. Prior to the deal, Reddit and OpenAI had a connection in that OpenAI CEO Sam Altman was a former board member of Reddit. Including it in ChatGPT upholds our belief in a connected internet, helps people find more of what they're looking for, and helps new audiences find community on Reddit," Reddit co-founder and CEO Steve Huffman said.

Persons: OpenAI, —, Axel Springer, Sam Altman, Reddit, Altman, Steve Huffman Organizations: OpenAI, Service, Google, Business Locations: Reddit

☆ Reddit soars after announcing OpenAI deal that allows use of its data for training AI models
▼ + stars: | 2024-05-16 | by ( Hayden Field | ) www.cnbc.com time to read: +2 min

As part of the deal, OpenAI will gain access to Reddit's Data application programming interface, or API, "which provides real-time, structured, and unique content from Reddit," according to a release. In exchange, Reddit will begin offering certain AI features to users and moderators, powered by OpenAI, which will also become a Reddit advertising partner. OpenAI Chief Operating Officer Brad Lightcap spearheaded the deal, which was approved by the company's board, the release said. The update brings GPT-4 to everyone, including OpenAI's free users, Chief Technology Officer Mira Murati said Monday in a livestreamed event. Reddit, which went public in March and reached a record close a few days after its initial public offering, is back to trading near its high of $65.11.

Persons: Reddit, OpenAI, Steve Huffman, Sam Altman, Brad Lightcap, Mira Murati, Murati Organizations: New York Stock Exchange, Google, Reddit, GameStop Locations: New York City, Reddit

☆ R.F.K. Jr. Draws Another $8 Million From His Running Mate, Nicole Shanahan
▼ + stars: | 2024-05-16 | by ( Rebecca Davis O Brien | Chris Cameron | ) www.nytimes.com time to read: +1 min

Robert F. Kennedy Jr.’s running mate, the Silicon Valley investor Nicole Shanahan, said on Wednesday night that she had given another $8 million to their independent presidential campaign as it carries out the expensive endeavor of gaining ballot access across the country and tries to propel Mr. Kennedy onto debate stages. Ms. Shanahan, a lawyer who was formerly married to the Google co-founder Sergey Brin, gave the campaign $2 million shortly after Mr. Kennedy named her as his running mate in March. After a nod to the media, Ms. Shanahan said, “I think I know what they’re going to say — they’re going to say Bobby only picked me for my money,” a remark that drew laughter from the crowd. She followed performances by comedians including Russell Brand, Rob Schneider and Jim Breuer, a former “Saturday Night Live” cast member. Many of the performers praised Mr. Kennedy, but they also used their time onstage to rail against Covid vaccinations, Dr. Anthony S. Fauci, the mainstream news media and President Biden.

Persons: Robert F, Kennedy Jr, Nicole Shanahan, Kennedy, Shanahan’s, Shanahan, Sergey Brin, “, Bobby, ”, Russell Brand, Rob Schneider, Jim Breuer, Mr, Anthony S, Biden Organizations: Mr, PAC, Google Locations: Nashville, Ryman

☆ China's Baidu beats quarterly revenue estimates on ad recovery, cloud
▼ + stars: | 2024-05-16 | by ( ) www.cnbc.com time to read: +1 min

China's Baidu beat analysts' estimates for first-quarter revenue on Thursday, driven by a recovery in advertising sales and higher demand for its AI-powered cloud products. The company, China's largest search engine provider, reported revenue of 31.51 billion yuan ($4.37 billion) for the three months ended March 31, compared to analysts' average estimate of 31.21 billion yuan as per LSEG data. "Baidu Core's online marketing revenue remained stable, while the end-to-end optimization of our AI technology stack continued to propel the growth of our AI Cloud revenue during the quarter," said co-founder and CEO Robin Li in an earnings release. Revenue from Baidu Core, which includes its search-based ad sales, cloud offerings and autonomous driving initiatives, grew 4% to 23.8 billion yuan. Baidu reported adjusted net income of 7 billion yuan for the quarter, beating the analysts' average estimate of 5.57 billion yuan, according to LSEG data.

Persons: ERNIE Bot, Baidu, Robin Li Organizations: Baidu Locations: ZHEJIANG, CHINA

Dylan Field, co-founder and CEO of Figma, speaks at the startup's Config conference in San Francisco on May 10, 2022. Figma, a cloud-based design tool company, said Thursday it will allow investors, including current and former employees, to sell their shares in a tender offer that values the company at $12.5 billion. That's up 25% from the valuation at which the company fundraised in 2021, but below the $20 billion acquisition offer Adobe made in 2022. Adobe and Figma called off the planned acquisition in December following regulatory scrutiny. In December, a regulatory filing said Adobe would pay Figma a $1 billion breakup fee.

Persons: Dylan Field, Kleiner Perkins, Salesforce, Figma, Morgan, CNBC's Jordan Novet Organizations: Figma, Adobe, Microsoft, Google, Oracle Locations: San Francisco, Sequoia

☆ Why we care so much about the Dow, the stock market’s dumbest index
▼ + stars: | 2024-05-16 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

New York CNN —The Dow Jones Industrial Average is, at best, an imperfect barometer of stock market activity among a narrow band of very large US companies. It’s clunky, and too limited in scope for any Wall Street pros to pay serious attention to it. “Mention ‘the Dow’ and, to most people, that means the stock market,” said Art Hogan, chief market strategist at B. Riley Financial, in a note to CNN. It’s just an index that tracks the stock market activity of 30 large US companies, from Amazon to McDonald’s to the Walt Disney Company. Market capitalization measures the total value of a company on the stock market.

Persons: Dow, ”, Hogan, It’s, “ Dow Jones ”, “, Nick Colas, you’re, ” Colas, Daniel Alpert, wasn’t, Goldman Sachs, Colas, I’ve, ” Alpert Organizations: New, New York CNN, Dow Jones, Dow, Riley Financial, CNN, Walt Disney Company, Westwood Capital, Standard Oil, US Steel, Microsoft, Apple Locations: New York, Amazon, Silicon

☆ Wayfair to open its first large store, as physical locations make a comeback
▼ + stars: | 2024-05-16 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +10 min

Wayfair follows other direct-to-consumer brands that have opened stores, including Warby Parker , Figs , Casper, Glossier and Everlane. In the early 2010s, new store openings largely outpaced closures, until the tide turned in 2017. Jeenah Moon | Bloomberg | Getty ImagesOther privately held direct-to-consumer brands have also expanded into retail stores, including bedding company Brooklinen, furniture store Burrow and apparel brands Everlane and Untuckit. High cost of entryIf direct-to-consumer brands could all open stores and suddenly boost sales and profitability, they'd all be doing it. Courtesy: WayfairSome direct-to-consumer brands have already been burned after they expanded too quickly and demand fell.

Persons: Niraj Shah, Wayfair, Warby Parker, Glossier, They're, Larry Cheng, It's, you'll, Liza Lefkowski, Shah, Coresight, John Mercer, Coresight's, Trina Spear, Spears, King, King of Prussia, Rebecca Fitts, Alvarez, Tolia, Allbirds, Al Drago Organizations: CNBC, Apple iOS, Companies, Walmart, Target, Joss, Discount, TJX, Bloomberg, Getty, Marsal, Washington , D.C Locations: Wilmette , Illinois, Chicago, Casper, Amazon, U.S, Coresight Research's, Burlington, Los Angeles, Philadelphia, King, King of Prussia , Pennsylvania, Georgetown, Washington ,

☆ In pictures: Microsoft co-founder Bill Gates
▼ + stars: | 2024-05-15 | by ( ) edition.cnn.com time to read: +1 min

Bill Gates helped usher in a personal computing revolution that brought computers to the masses. The Seattle native dropped out of Harvard University and co-founded Microsoft in 1975. After holding a number of leading roles at the company he co-founded, Gates eventually left his day job at Microsoft in 2008 to focus full time on his philanthropic organization, The Bill & Melinda Gates Foundation. Gates' philanthropic endeavors have garnered global acclaim: In 2005, Gates was knighted by Britain's Queen Elizabeth II, and in 2016 he and his wife received the Presidential Medal of Freedom from Barack Obama. In 2021, Bill and Melinda French Gates announced they were ending their marriage after 27 years.

Persons: Bill Gates, Gates, Melinda Gates, Queen Elizabeth II, Barack Obama, Melinda French Gates Organizations: Seattle, Harvard University, Microsoft, Forbes, Melinda Gates Foundation

☆ Semafor's Ben Smith: People are not in love with TikTok, but they love creators and short videos
▼ + stars: | 2024-05-15 | 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 EmailSemafor's Ben Smith: People are not in love with TikTok, but they love creators and short videosBen Smith, Semafor co-founder and editor-in-chief, joins 'Squawk Box' to discuss billionaire Frank McCourt's interest in buying TikTok, who would benefit if the social media is banned in the U.S., and more.

Persons: Semafor's Ben Smith, Ben Smith, Semafor, Frank McCourt's Locations: U.S

☆ Apple co-founder shares the best strategy his parents used while raising him: I'm 'the same way with my own kids'
▼ + stars: | 2024-05-15 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

Apple co-founder Steve Wozniak, 73, says his parents took the latter approach — and he's happier and more successful because of it. He used the same strategy when raising his own children, he added. "My parents let me follow my heart," he told graduating students at the University of Colorado Boulder last week. "When you really want something, love something and it's your passion, you should have your parents supporting you going in your direction. Now, Wozniak provides his kids the same kind of support his parents gave him, he said.

Persons: Steve Wozniak, Wozniak, Berkeley —, Steve Jobs, Jobs, Margot Machol Bisnow, Bisnow Organizations: University of Colorado Boulder, De, De Anza College, University of California, Berkeley, Apple, CNBC Locations: California, De Anza, Berkeley

Behind a big shake-upA day after OpenAI announced major updates to its ChatGPT chatbot, the company said its chief scientist and co-founder was leaving. There were signs that Ilya Sutskever would quit, six months after he helped lead the rebellion that briefly ousted Sam Altman as OpenAI’s C.E.O. But it also raises questions about the future of a leading developer of generative A.I. “OpenAI would not exist without him and certainly was shaped by him,” Altman told The Times about Sutskever. But Sutskever’s presence at OpenAI may have become untenable.

Persons: OpenAI, Ilya Sutskever, Sam Altman, OpenAI’s, “ OpenAI, ” Altman, Altman, Elon Musk, Sutskever Organizations: Times

The National Security Agency collected the intelligence that gave US officials insights into China and Iran’s capabilities in producing deepfakes, one of the sources said. At a briefing last week, FBI officials warned that AI increases the ability of foreign states to spread election disinformation. US officials have maintained a high level of visibility into the AI and deepfake advancements made by countries including China, Iran and Russia since the 2020 election. Nearly 70% of Republicans and Republican-leaners said that President Joe Biden’s 2020 election win was not legitimate, according to a CNN poll released in August. The 2024 US election will present new opportunities for foreign influence operations.

Persons: “, ”, Lee Foster, Foster, ” Foster, leaners, Joe Biden’s, Donald Trump Organizations: CNN, National Security Agency, NSA, Intelligence, US, Labs, “, Republican, Pew Research Center, FBI, Kyiv Locations: China, Iran, Russia, United States, Ukraine, Ukraine –

☆ Instagram co-founder Mike Krieger joins Amazon-backed Anthropic
▼ + stars: | 2024-05-15 | by ( Hayden Field | ) www.cnbc.com time to read: +3 min

Instagram co-founder Mike Krieger will join artificial intelligence firm Anthropic as chief product officer, the company announced Wednesday. He and Instagram's other co-founder, Kevin Systrom, most recently built the personalized news app Artifact and sold it to Yahoo. Around this time last year, Anthropic had only rolled out the first version of its chatbot without any consumer access or major fanfare. News of Krieger's hiring follows Anthropic's debut of its first enterprise offering and iOS app earlier this month. And in March, Anthropic announced Claude 3, a suite of AI models that it says are its fastest and most powerful yet.

Persons: Instagram, Mike Krieger, Anthropic, Krieger, Kevin Systrom, OpenAI's, Claude, Mike, Daniela Amodei, It's, it's Organizations: Meta, Yahoo, Google, CNBC

☆ Inside the life and career of Larry Page, Google's co-founder and first CEO
▼ + stars: | 2024-05-15 | by ( Avery Hartmans | Lakshmi Varanasi | ) www.businessinsider.com time to read: +13 min

AdvertisementSo who is Larry Page and how did he get to where he is today? AdvertisementPage and Sergey Brin create GoogleGoogle co-founders Sergey Brin and Larry Page met as students at Stanford. Google's parent company, Alphabet, has developed self-driving cars through Waymo, the company formerly known as the Google Self-Driving Car project. Page's personal lifeGoogle cofounder Larry Page and his wife, the scientist Lucinda Southworth C Flanigan/FilmMagicThroughout it all, Page has kept information about his personal life closely guarded. Life after GoogleGoogle cofounder Larry Page bought Cayo Norte, an island in Puerto Rico.

Persons: —, Larry Page, Sergey Brin, Page, Sundar Pichai, Gloria, Carl Page —, Larry, what's, Nikola Tesla, he's, Brin's, BackRub, Brin, Eric Schmidt, Schmidt, Andy Rubin's, he'd, Andrew Kelly, Sergey, Lucinda Southworth C, Lucinda Southworth, Richard Branson, Page's, Carl Victor Page, Carl Page, He's, Hugh Langley Organizations: Service, Google, Business, Michigan State University . Education, Getty, Michigan State University, The, Montessori, Google Google, Stanford, Associated Press, University of Michigan, Labs, Reuters Page, Virgin Group, Investments, Carl Victor Page Memorial Foundation, Zee Aero, Pacific, Virgin Island, Atomic Locations: Michigan, Waymo, Toronto, Stanford, Caribbean, Palo Alto, Cayo Norte, Puerto Rico, Koop, Tavarua, Fiji

☆ Disruptor #14: Flutterwave CEO breaks down the business of payments
▼ + stars: | 2024-05-14 | 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 EmailDisruptor #14: Flutterwave CEO breaks down the business of paymentsOlugbenga Agboola, Flutterwave co-founder and CEO, joins 'Money Movers' to discuss how the company's expansion into India is going, the company's efforts to secure money-transferring licenses, and more.

Persons: Olugbenga, Flutterwave Locations: India

OpenAI co-founder Ilya Sutskever said Tuesday that he's leaving the Microsoft -backed startup. The departure comes months after OpenAI went through a leadership crisis involving co-founder and CEO Sam Altman. In November, OpenAI's board said in a statement that Altman had not been "consistently candid in his communications with the board." OpenAI has announced new board members, including former Salesforce co-CEO Bret Taylor and former Treasury Secretary Larry Summers. In 2015, Altman and Tesla CEO Elon Musk, another OpenAI co-founder, wanted Sutskever, then a research scientist at Google , to become the budding startup's top scientist, according to the lawsuit Musk filed against OpenAI in March.

Persons: Sam Altman, Ilya Sutskever, OpenAI, he's, Sutskever, OpenAI's, Altman, Helen Toner, Tasha McCauley, Adam D'Angelo, Ilya, Jakub Pachocki, Bret Taylor, Larry Summers, WilmerHale, Sue Desmond, Hellmann, Melinda Gates, Nicole Seligman, Fidji Simo, Greg, Sam, Greg Brockman, Mira Murati, Murati, Elon Musk, Musk, Dr Organizations: Tel Aviv University, Microsoft, Street, OpenAI's, Sony, Sony Entertainment, Tesla, Google, OpenAI Locations: Tel Aviv, OpenAI

☆ OpenAI Co-Founder and Chief Scientist leaving company
▼ + stars: | 2024-05-14 | 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 EmailOpenAI Co-Founder and Chief Scientist leaving companyHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Brian Sullivan, “ Organizations: CNBC

☆ We don't rely on fees, instead we monetize transactions, says Chime CEO Chris Britt
▼ + stars: | 2024-05-14 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe don't rely on fees, instead we monetize transactions, says Chime CEO Chris BrittChime Co-Founder and CEO Chris Britt joins 'Mad Money' host Jim Cramer to talk how it is disrupting the banking space with its fee free cards.

Persons: Chris Britt, Jim Cramer

☆ Two-time world champion sailor Mike Buckley on sailing league investment: The future is bright
▼ + stars: | 2024-05-14 | 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 EmailTwo-time world champion sailor Mike Buckley on sailing league investment: The future is brightMarc Lasry, co-founder and CEO at Avenue Capital Group, and Mike Buckley, co-owner and CEO at SailGP U.S. team, to discuss their investment in the sailing league, how extensive pro sailing could get in the future, and more.

Persons: Mike Buckley, Marc Lasry Organizations: Avenue Capital Group, SailGP U.S

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