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Apple faces backlash for iPad ad
  + stars: | 2024-05-09 | 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 EmailApple faces backlash for iPad adCNBC's Steve Kovach and Jennifer Elias join 'Power Lunch' to discuss Apple's iPad ad criticism and pushback from consumers.
Persons: Steve Kovach, Jennifer Elias Organizations: Apple
"How does leadership plan to address these concerns and regain the trust, morale and cohesion that have been foundational to our company's success?" "Despite the company's stellar performance and record earnings, many Googlers have not received meaningful compensation increases" a top-rated employee question read. Google's use of cashThere were a lot of employee questions ahead of last week's meeting directed at the company's buyback, Porat said. With respect to the decline in morale brought up by employees, Pichai said "leadership has a lot of responsibility here, adding that "it's an iterative process." CNBC reported last week that Google is laying off at least 200 employees from its "Core" organization, which includes key teams and engineering talent.
Persons: Sundar Pichai, Loren Elliott, Ruth Porat, We've, Alphabet's, Hollie Adams, Porat, Prabhakar Raghavan, dory, Pichai, Ted, Larry Page, Jim Cramer Organizations: Inc, Government, Society, Bloomberg, Getty, Google, Economic, Finance, CNBC Locations: Stanford , California, Davos, Switzerland, U.S
At SFMOMA, Disability Artwork Makes History
  + stars: | 2024-05-07 | by ( Jonathan Griffin | ) www.nytimes.com   time to read: +1 min
In 1974, Florence Ludins-Katz and Elias Katz — she an artist, he a psychologist — turned the garage of their Berkeley home into an art studio for adults with developmental disabilities. Across California at that time, people with a range of disabilities were being deinstitutionalized, with little provision made for them after their release. Half a century on, Creative Growth — as the iconoclastic and influential studio in Oakland was named — is celebrating its 50th anniversary with an exhibition, “Creative Growth: The House That Art Built,” at the San Francisco Museum of Modern Art. The exhibition draws from SFMOMA’s half-million-dollar acquisition of more than 100 Creative Growth artworks, the largest purchase by any American museum of the work of disabled artists. The museum acquired 43 more pieces from Creative Growth’s sister organizations in California, also founded by the Katzes: Creativity Explored in San Francisco and NIAD (Nurturing Independence Through Artistic Development) in Richmond.
Persons: Florence Ludins, Katz, Elias Katz —, Organizations: San Francisco Museum of Modern Art Locations: California, Oakland, San Francisco, Richmond
Just ahead of its blowout first-quarter earnings report on April 25, Google laid off at least 200 employees from its "Core" teams, in a reorganization that will include moving some roles to India and Mexico, CNBC has learned. The Core unit is responsible for building the technical foundation behind the company's flagship products and for protecting users' online safety, according to Google's website. Core teams include key technical units from information technology, its Python developer team, technical infrastructure, security foundation, app platforms, core developers, and various engineering roles. Many Core teams will hire corresponding roles in Mexico and India, according to internal documents viewed by CNBC. Asim Husain, vice president of Google Developer Ecosystem, announced news of the layoffs to his team in an email last week.
Persons: Sundar Pichai, Asim Husain, Husain, Ruth Porat, Prabhakar Raghavan Organizations: Inc, Government, Society, Google, CNBC, Mexico City, U.S Locations: Stanford , California, India, Mexico, Sunnyvale , California, Bangalore, Brazil
Columbia University Apartheid Divest submitted a formal proposal to the committee for withdrawing investments related to Israel in December, which has yet to yield success. Students at Columbia College, the university’s undergraduate school, voted to support the divestment proposal last week. Heading a nationwide South Africa divestment movementCurrently, Columbia lists five areas where it refrains from investing: tobacco, private prison operations, thermal coal, Sudan and fossil fuels — all decisions that were made in the past decade. In April 1985, students led a three-week student demonstration against Columbia’s investments in South Africa, the New York Times reported at the time. Pete Seeger, right, speaks to the crowd at Columbia University as hundreds of students continued to protest the school's ties to South Africa, April 8, 1985.
Persons: ” Israel, Catherine Elias, Daniel Armstrong, , ” Armstrong, Pete Seeger, Frankie Ziths, G4S, Karla Ann Cote, divests, , Savannah Pearson, Michael Cusack Organizations: New, New York CNN, Columbia University, Columbia University Apartheid, , Columbia, Columbia College, CNN, Coalition, New York Times, American Express, Ford, Ivy League, University of California, Johns Hopkins University, University of North, Corrections Corporation of America, Library, , Columbia’s, Trustees, Columbia’s Teachers College Locations: New York, Gaza, Palestine, Columbia, Vietnam, Upper Manhattan, Israel, South Africa, Sudan, Los Angeles, Chevron, Berkeley, University of North Carolina, Hill, South, United States
Google CEO Sundar Pichai speaks in conversation with Emily Chang during the APEC CEO Summit at Moscone West on November 16, 2023 in San Francisco, California. There were other reasons for skepticism ahead of Alphabet's earnings report. Like Meta, Alphabet is pouring money into AI. Last month, Alphabet announced a suite of products, including Vertex AI, a no-code console for enterprise companies to build their own AI agents. With first-quarter results in the rearview mirror, Alphabet now has to keep up with heightened expectations, which will only increase as competitors roll out more generative AI products.
Persons: Sundar Pichai, Emily Chang, Ruth Porat, missteps, Investors, Mark Zuckerberg, Pichai, he's, Prabhakar Raghavan, Raghavan Organizations: APEC, Summit, Moscone West, YouTube, Nasdaq, Nvidia, Amazon, Meta, Revenue, Google, Amazon Web Services, Microsoft, rollouts Locations: San Francisco , California, San Francisco, U.S
Revenue: $78.59 billion, according to LSEG. : $7.72 billion, according to StreetAccount. Traffic acquisition costs (TAC): $12.74 billion, according to StreetAccount. Wall Street is expecting Alphabet to report a second straight quarter of year-over-year revenue growth in the low teens. CEO Sundar Pichai told employees in January that more job cuts were likely coming in 2024, though he didn't specify at the time which teams would be affected.
Persons: Sundar Pichai, Prabhakar Raghavan, Raghavan, Liz Reid, Meta, Mark Zuckerberg's, Ruth Porat Organizations: Google, TAC, OpenAI, Microsoft, CNBC Locations: Brussels, Belgium, LSEG, StreetAccount
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"If there's a clear and present market reality, we need to twitch faster, like the athletes twitch faster," he said. The spokesperson highlighted the addition of generative AI to search and improvements in search quality, adding, "There's lots more to come." In March, Google named company veteran Elizabeth Reid to the role of vice president, leading search and reporting to Raghavan. "We're in a new cost reality," Raghavan said. Demis Hassabis, Google's AI leader, said in February after the tool was taken down that it would be re-released in weeks.
Persons: Prabhakar Raghavan, Julia Nikhinson, Raghavan, Sundar Pichai, TikTok, dory, Elizabeth Reid, Ruth Porat, We've, Jonathan Raa, we've, they've, Demis, Bard, Pichai, That's Organizations: Google, US, Bloomberg, Getty, CNBC, Mazda, Microsoft, Google Gemini, Nurphoto, Union's, European Commission, Gemini Locations: Washington , DC, Mountain View , California, Silicon Valley, India, Brazil, Brussels, Belgium
"The tech sector is in the midst of a tremendous platform shift with Al," Porat wrote in the memo, obtained by CNBC, that was sent to employees in finance. The restructuring will impact finance teams domestically and abroad, including in the Asia Pacific region and Europe, the Middle East and Africa, Porat noted. "Over the past year, we have talked about creating hubs of Fin'ooglers around the world that are vibrant and have a strong culture," Porat wrote. "As we've said, we're responsibly investing in our company's biggest priorities and the significant opportunities ahead," a Google spokesperson told CNBC in an email. WATCH: Google Cloud CEO says company is monetizing AI in a variety of ways
Persons: Ruth Porat, Porat, Sundar Pichai, we've Organizations: Google, CNBC, San Francisco Bay Area Locations: Asia, Europe, East, Africa, Bangalore, Mexico City, Dublin, Chicago, Atlanta, San Francisco Bay, Fin'ooglers
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Best 0% Intro APR Business Credit CardsU.S. Bank Business Triple Cash Rewards World Elite Mastercard® : Best overall for high rewards and long 0% intro APR: Best overall for high rewards and long 0% intro APR Ink Business Cash® Credit Card: Best welcome offerThe American Express Blue Business Cash™ Card: Best for easy rewardsThe Blue Business® Plus Credit Card from American Express: Best for flexible rewardsU.S. Bank Business Platinum Card: Best for balance transfersBank of America® Business Advantage Customized Cash Rewards Mastercard® credit card : Up to 5.25% cash back for Bank of America Preferred Rewards for Business customersCompare the Best 0% APR Business Credit CardsBest for generous cash back rewards and long 0% APR U.S. Bank Business Triple Cash Rewards World Elite Mastercard® Insider’s Rating Info icon Insider's Ratings are decided by our editorial team. Features to Look For in 0% APR Business Credit CardsThe best 0% APR business credit cards either offer generous terms for zero interest, or high rewards for spending on the credit card. 0% APR Business Credit Card Frequently Asked QuestionsDo 0% APR business credit cards exist? Yes, many 0% APR business credit cards allow balance transfers from other credit cards, including business cards. While using more of your available credit can impact your credit and credit score, this doesn't typically apply to business credit cards.
Persons: you'll, APRs, Cash, you've, You've, Cardholders, cardholders, They'll Organizations: Business Insider, U.S . Bank Business, Cash, Mastercard, Bank of America, Cards, Bank Business, American Express, Bank, of America, Rewards, EV, Ink, FDIC, Express, U.S . Bank, Business, U.S, Chase, . Bank, Chevron Locations: Chevron
The first of its kindThe first C-130 Transport flying back from its early flight paces over California's Mojave Desert. Bettmann/Getty ImagesThe C-130 Hercules was created to address deficiencies in the US Air Force fleet during the Korean War. At the time, no plane could simultaneously achieve all the objectives the Air Force needed. To this day, Lockheed still makes C-130 models and their upgraded versions. The US Air Force has not stopped production of the C-130 class plane since it was invented in the 1950s, making it the longest continuous aircraft production run in history.
Persons: Hercules, Fairchild, Lockheed Martin, Jeff Rhodes, Rhodes Organizations: US Air Force, Air Force, Boeing, Douglas, Lockheed, Popular Mechanics, YC, Edwards Air Force Base Locations: Burbank , California, Kern County , California
“I don’t have many years left, [so] you hop to it,” Grandma Joy, now 94, tells CNN Travel via Zoom. @grandmajoysroadtrip“We’re in each other’s pockets all the time,” says Grandma Joy. “I tried to learn to enjoy his kind of music,” says Grandma Joy, who has three other grandchildren. Willing spirit"I'm in good shape for an old woman," says Grandma Joy. Life is very short.”As for Grandma Joy, she’s enjoying making up for lost time, and now has several stamps in her first ever passport.
Persons: Grandma Joy ” Ryan, Brad Ryan, , Grandma Joy, Grandma, Ryan’s, Ryan, , @grandmajoysroadtrip, ” Ryan, I’ll, Keen, Old, Brad, Grandma Joy’s, wasn’t, ziplining, they’ve, “ We’ve, ” We’ve, that’s, he’s, they’re, she’s, I’ve, “ I’ve, “ They’ve, , Organizations: CNN, Parks, National Parks, Banff National, Mara, Reserve, Travel, , and, Elias, of, South Pacific, Asia ” Locations: Hawaii, Canada, North America, Africa, Kenya, South America, Ecuador, Galapagos, Chile, , Kilimanjaro, Tanzania, Florida, Smoky, North Carolina, Tennessee, Yellowstone, Alaska, New, West Virginia, Wrangell St, of American Samoa, South, Ohio, Australia, Asia, India, Borneo, Europe, Antarctica, Duncan Falls , Ohio
The Royal Order of the Blue Nose is a naval tradition given to sailors who cross the Arctic Circle. The Blue Nose Ceremony is one of the rarest of naval traditions. AdvertisementThe Royal Order of the Blue Nose is one of the most exclusive clubs among members of the US Navy. The Order of the Blue Nose is a riff on the line-crossing ceremony many sailors experience when they cross the equatorial line. Sailors who partake in the rare naval tradition must undergo a number of tasks in the frigid temperatures of the Arctic in order to earn the graces of the King and earn their blue nose.
Persons: , Boreas Rex, King Organizations: Service, US Navy, North
I've traveled to all seven continents and have seen some unbelievably gorgeous places. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . I certainly never believed I would travel to all seven continents. After visiting all seven continents, here are the most breathtaking places I've visited on each one.
Persons: I've, Organizations: Elias National, Service Locations: Alaska's Wrangell St, Montana
To make the most of your visit, Business Insider spoke with college students and tour guides. Here are the dos and don'ts of college tours from student guides. Related storiesStudents can comfortably ask questions without a parent present and compare notes afterward. But some topics are off-limits, so don't ask your tour guide about their SAT scores, ACT scores, or what they wrote about in their essay. Your tour may be over, but you can still learn other ways to immerse yourself in college life.
Persons: , Skyler Kawecki, Emily Bone, Henry Millar, College of William & Mary, Nathan Weisbrod, Halle, Julian Jacklin, Lorenzo Mars, Thomas Elias, it's, Connor Gee, Emily Balda Organizations: Service, Business, Sarah Lawrence College, Fairleigh Dickinson, Fairleigh Dickinson University, College of William &, Wesleyan University, Bucknell University, Reed College, Pepperdine University, University of Scranton, University of Mississippi, Seton Hall University Locations: New York, New Jersey, Virginia, Connecticut, Oregon, California, Pennsylvania
Last month's job cut count was the highest of any February since 2009, when the financial crisis forced companies into cash preservation mode. CNBC spoke to a dozen people who have been laid off from tech jobs in the past year or so about their experiences navigating the labor market. Additionally, some listings required applicants to have advanced degrees or professional experience in machine learning and artificial intelligence, a new development in Croisant's experience on the job market. "It is a combination of how well you brand yourself, about your access through networking to any given position — to the hidden job market." Still, Powers said she's trying to stay optimistic, "because giving up is not going to get me a job."
Persons: Ed Jones, Allison Croisant, Croisant, Roger Lee, Layoffs.fyi, Lee, I'm, Powers, who's, Tayfun, Christopher Fong, Fong, Michael Kascsak, Kascsak, It's, Lee of Layoffs.fyi, Amit Mittal, Amit Mittal Amit Mittal, Mittal, he's, Bill Vezey, , Vezey, She's, would've, she's, Jennifer Elias Organizations: Afp, Getty, PayPal, Meta, Microsoft, eBay, Unity Software, SAP, Cisco, Wall, CNBC, Google, Anadolu Agency, Nationwide Locations: New York, Omaha , Nebraska, Comprehensive.io, Natchez , Mississippi, View , California, United States, Austin , Texas, U.S, who's, India, Chicago, Santa Cruz , California
Ahead of an International Women's Day Summit in Silicon Valley on Thursday, Google's employee message board was hit with an influx of staffer comments about the company's military contracts with Israel. The event on Monday in New York featured an address from Barak Regev, managing director of Google Israel. A Google spokesperson said the employee was fired for "interfering with an official company-sponsored event" in an email to CNBC on Thursday. Unfortunately, before the event a series of off-topic and divisive questions and comments were posted to internal forums. WATCH: Google vs. Google
Persons: , Sundar Pichai, Barak Regev, Regev, Boycotters, Dory, Gemini, Mai Ubeid, Ubeid, didn't Organizations: Google, CNBC, Israel, Defense Department, Amazon Web Services, Hamas, Palestinian enclave's Health Ministry, Tech, Google Israel, Starbucks, Workers United Locations: New York, Israel, Gaza, Silicon Valley, U.S, France
Brin, 50, spoke to entrepreneurs on Saturday at the "AGI House" in Hillsborough, California, just south of San Francisco, where developers and founders were testing Google's Gemini model. He also commented on the flawed launch last month of Google's image generator, which the company pulled after users discovered historical inaccuracies and questionable responses. Brin was also asked how online advertising will be disrupted considering ad revenue is core to Google's business. Bloomberg | Bloomberg | Getty Images“I of all people am not too terribly concerned about business model shifts,” Brin said. Beyond AI, Brin was asked about Google's difficulties in hardware given recent advancements in virtual reality.
Persons: Sergey Brin, Google David Paul Morris, Brin, ” Brin, , Larry Page, He's, , Gemini, “ that’s, Prabhakar Raghavan, Google's, Sundar Pichai, Raghavan, Brin didn't, OpenAI's ChatGPT, Elon Musk's, Eric Schmidt, that’s, I'm Organizations: Google, Bloomberg, Getty, CNBC, Gemini, Google Inc, Allen & Co . Media, Technology Conference, Apple Vision Locations: Hillsborough , California, San Francisco, Sun Valley , Idaho, U.S
Meet the Disney heirs rallying behind Bob Iger
  + stars: | 2024-03-03 | by ( Jordan Hart | ) www.businessinsider.com   time to read: +5 min
Roy O. Disney's grandchildrenRoy O. Disney had one son with his wife Edna Francis — Roy E. Disney, a long time Walt Disney Company executive. Roy P. DisneyRoy P. Disney told NYT that activist investors "must be defeated." AdvertisementIn a 2010 interview, Roy P. Disney said he worked as an investor based in California. Joe Scarnici/Stringer/Getty ImagesWalter Elias Disney MillerWalter Miller is the co-founder of the Walt Disney Family Museum, which opened its doors in 2009. Tamara Diane MillerTamara Miller spent four years as the President of the board of directors of the Walt Disney Family Museum.
Persons: , Roy, Walt Disney, Bob Iger, Nelson Peltz, Walt, Roy O, Disney, Edna Francis — Roy E, Roy E, Patricia Ann Dailey, Roy P, Disney Roy, George Pimentel, WireImage, Disney's, hasn't, Abigail Disney Abigail Disney, Ralph Orlowski, Burda Media Abigail Disney, she's, Abigail, Susan Disney, Susan Lord, Phillip Faraone, Tim Disney Tim Disney, Stefanie Keenan, Tim Disney, Diane Disney Miller, Sharon Disney, Diane Miller's, Ron Miller, Jennifer Goff, Tammy Miller, Joanna Miller, Walter Miller, Joe Scarnici, Stringer, Walter Elias Disney Miller Walter Miller, Joanna Sharon Miller Joanna Miller, grandpa, Joanna, Jim, Tamara Diane Miller Tamara Miller, Tamara Miller, Jennifer Miller, Goff Jennifer Miller, Goff Organizations: Service, Disney, Business, Walt Disney Company, Getty, New York Times, Burda Media, Yale, Stanford, Mouse, Bel, Harvard University, California Institute of, Arts, Walt Disney Productions, Walt Disney Family Museum, Jim Hill Media, Walt Disney Family Locations: California, Munich, Germany, Columbia, Los Angeles
Jack Krawczyk, a Google artificial intelligence product lead, has pulled away from social media sites, including X and LinkedIn, after the troubled launch of the company's AI image generator made him the target of online harassment. Krawczyk, who is typically active on social media, where he's known to solicit user feedback and to praise Google products and colleagues, removed identifying information and made some accounts private. Krawczyk's official title is senior director of product management for Gemini, the company’s main group of AI models. Krawczyk has since removed images of himself as well as any identifying information from social media platforms. WATCH: Google vs. Google
Persons: Jack Krawczyk, Krawczyk, Sundar Pichai, Critics, Elon Musk Organizations: X, Gemini, Google
“We believe the claims in this suit may stem from Elon’s regrets about not being involved with the company today,” wrote OpenAI Chief Strategy Officer Jason Kwon in an internal memo on Friday that was viewed by CNBC. The next year, Musk gave nearly $20 million to OpenAI, which the attorneys reiterated was more than other backers. "We did not think either approach was right for the mission," Kwon wrote. Regarding OpenAI's transformation from an "open source foundation" to a multibillion-dollar for-profit company, Musk said, "I don't know, is this legal?" — CNBC's Lora Kolodny and Hayden Field contributed to this reportWATCH: Elon Musk lawsuit against OpenAI and Altman began a year ago
Persons: Elon Musk, Tesla, , Jason Kwon, Sam Altman, OpenAI, Altman, Musk, Greg Brockman, Kwon, they've, Andrej Karpathy, Karpathy, didn't, — CNBC's Lora Kolodny, Hayden Field, Elon Organizations: CNBC, Elon, Microsoft, Tesla, The New York Times, OpenAI Locations: OpenAI
Alphabet's Waymo robotaxi unit won approval from the California Public Utilities Commission to expand service to parts of Los Angeles and the Bay Area, according to a notice posted to the regulator's website on Friday. "Waymo may begin fared driverless passenger service operations in the specified areas of Los Angeles and the San Francisco Peninsula, effective today," the release said. In mid-February, Waymo initiated a voluntary recall filing notice with the National Highway Traffic Safety Administration, saying it would fix software issues. The latest notice applies to the commercial ride-sharing service Waymo One. WATCH: Crowd burns Waymo in San Francisco
Persons: Alphabet's, Waymo, Apple, Elon Musk's Tesla, Cruise robotaxis Organizations: California Public Utilities Commission, San, National, Traffic Safety Administration, California Department of Motor Vehicles, General Motors, Cruise, Palo Locations: Los Angeles, San Francisco Peninsula, Phoenix, California, Palo Alto, San Mateo County, San Francisco
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCompass Diversified CEO Elias Sabo: We're not seeing 'fear' around consumer weakness right nowElias Sabo, Compass Diversified CEO, joins 'Closing Bell Overtime' to talk the state of the consumer.
Persons: Elias Sabo, We're Organizations: Compass
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