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Sam Altman, CEO of OpenAI, attends the 54th annual meeting of the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024. On Friday, advanced nuclear fission company Oklo, for which Sam Altman serves as chairman, started trading on the New York Stock Exchange. Oklo's business model is based on commercializing nuclear fission, the reaction that fuels all nuclear power plants. "I don't see a way for us to get there without nuclear," Altman told CNBC in 2023. It's not Altman's only foray into nuclear energy or other infrastructure that could power large-scale AI growth.

Persons: Sam Altman, Altman, Oklo, Bill Gates, Jeff Bezos, Jacob DeWitte, hasn't, we've, DeWitte, It's, Helion, OpenAI Organizations: Economic, New York Stock Exchange, AltC, U.S . Air Force, Microsoft, Amazon, CNBC, U.S . Nuclear Regulatory Commission, NRC, DeWitte, Nvidia Locations: Davos, Switzerland, Idaho, OpenAI's San Francisco, U.S, Saudi Aramco, Rain

☆ A bearish options trade on a one-time tech darling that could struggle in the new AI world
▼ + stars: | 2024-05-08 | by ( Tony Zhang | ) www.cnbc.com time to read: +2 min

I think shares of the one-time cloud computing darling are at risk of falling even lower and I will give a bearish options trade to capitalize on it. As CRM matures and growth rates moderate, it simply cannot continue to command the industry-leading valuations it once did and has to face the reality of its fundamentals. This suggests that CRM will likely continue to trade back towards the midpoint of the range in the $210-220 area. This makes a valuation that is 40% higher than the S & P 500 harder to justify when growth rates are slowing down significantly. The trade With earnings in three weeks, CRM options prices are slightly elevated and warrant using a spread to lower the cost of seeking bearish exposure.

Locations: Salesforce

☆ Here are other AI stocks vulnerable to profit taking as Druckenmiller sells some Nvidia
▼ + stars: | 2024-05-07 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

But the chipmaking darling is far from the only artificial intelligence stock that's run too far too fast. Elsewhere, Altimeter's Brad Gerstner eased his stake in the chipmaker and other winning technology stocks, he told CNBC's " Halftime Report ." Nvidia isn't the only AI play vulnerable to profit taking here. Of the group, Micron Technology shares trade at the most significant premium. Over the last year, shares have surged 493% and trade at a 185% premium to their five-year average PE.

Persons: Stanley Druckenmiller, CNBC's, Altimeter's Brad Gerstner, Druckenmiller, We've, Broadcom's Organizations: Nvidia, CNBC Pro, Devices, Micron Technology, Arm Holdings, Broadcom, Arista Networks, Applied Materials, KLA Corporation Locations: British

A flicker of hope for the weed businessFor years, the dreams of the cannabis industry looked like they might go up in smoke, with the U.S. government classifying marijuana as a drug as dangerous as heroin. But the multibillion-dollar industry now has some hope that could change. The bet is that this will give the industry a new lease on life — though it shouldn’t expect big changes immediately. Shares in Tilray, a giant in the industry, jumped 39 percent on Tuesday, while those in Canopy Growth leaped nearly 79 percent. That’s welcome news for investors in both companies: Canopy Growth’s stock is down 97 percent over the past five years, while those in Tilray are down 95 percent.

Persons: Biden Organizations: U.S, Justice Locations: Tilray

☆ Special Education, Inc.
▼ + stars: | 2024-04-21 | by ( Meghan Morris | ) www.businessinsider.com time to read: +34 min

AdvertisementNate Smallwood for BITo some, private equity's business model appears antithetical to special education. (The average public school district in Pennsylvania, where New Story operates the most schools, spends about $23,000 per child across all types of public education. "Private equity has no place in education — especially special education," Sen. Sherrod Brown of Ohio told BI. For instance, two Pennsylvania education directors left in spring 2023, according to records obtained by BI — one after just months in the role. AdvertisementNickie Coomer, a Colorado College education professor who has written about the privatization of special education, told BI that this data gap is a major regulatory hole, one that private-equity companies are happy to exploit.

Persons: Emily, Sarah, Nate Smallwood, Sarah didn't, —, Mergermarket, Shanon Taylor, Taylor, Sen, Sherrod Brown, Bob Casey of Pennsylvania, Casey, Paul Volosov, Volosov, Jim Grinnen, Rachel Wisniewski, Christina Spielbauer, Spielbauer, Nathaniel Garnick, Garnick, sully, Craig Richards, He's, Richards, they're, " Richards, Judith McKinney, Grinnen, Donnell McLean, McLean, Natalie Stoup, Blackstone, haven't, Biden, of Education spokespeople, Nickie, …, that's, didn't, Hill, Amy Hall Kostoff, Kostoff, Green, she'd Organizations: Business, State College ,, New, BI, Audax Group, Kentucky, Pennsylvania State Employees, Schools, Audax, Rock Academy, University of Nevada, Ohio, Pennsylvania Department of Education, Rock, Reading School District, River Rock Academy, Virginia's Department of Education, Green Tree, Pay, Tree, Autism, Forbes, NBC News, Federal Trade Commission, of Education, Colorado College, Tree School, Pennsylvania's Department of Education, Pennsylvania, In State College Locations: State College , Pennsylvania, Boston, Pennsylvania, Reno, —, Ohio, New Story's, Rock, Virginia, , Ohio, New Jersey , Pennsylvania, New Story's New Cumberland , Pennsylvania, CARD's Virginia, Philadelphia, Rochelle Park , New Jersey

☆ Billionaire Baupost founder Seth Klarman on AI, where private markets opportunities are, and what investment advice he'd add to his best-selling book
▼ + stars: | 2024-04-18 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. As the billionaire Baupost founder told an audience at a Harvard Business School event Monday morning, he has yet to find the value in crypto. But he's buying the hype of artificial intelligence — or at least the impact the technology could have on society. This story is available exclusively to Business Insider subscribers. "So we are in unprecedented territory that may involve some opportunities for investors, that maybe dips really are buying opportunities.

Persons: —, Seth Klarman isn't, Klarman, we're, Annabel Ware, hasn't, they'll Organizations: Service, Harvard Business, Business Locations: Europe, Asia

☆ Pullback is just a 'healthy consolidation,' use it to buy AI plays, says BlackRock's Kate Moore
▼ + stars: | 2024-04-16 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Recent weakness in the market shouldn't deter investors from finding pockets of opportunity, particularly in artificial intelligence-related companies, according to BlackRock's Kate Moore. The Dow Jones Industrial Average and S & P 500 fell for a second week last week. "I think healthy consolidation after an extremely strong return in the first quarter is completely fair, and doesn't change the fundamentals," Moore said in an interview. Moore sees an opportunity in two of BlackRock's highest-conviction themes: AI-adjacent software and semiconductor companies, and global commodity producers and miners, particularly those related to copper. She expects better breadth in terms of earnings growth this quarter, which should support long-term investor confidence in the equity market.

Persons: Kate Moore, Stocks, There's, Moore, it's Organizations: Dow Jones Industrial, Devices

☆ Moving Away From a Big City Can Seriously Damage Your Career
▼ + stars: | 2024-04-15 | by ( Aki Ito | ) www.businessinsider.com time to read: +8 min

Moving away from a major city, Moretti found, can be terrible for your career. The market for WFH jobs has cratered, putting everyone who moved away from big cities at risk. Those who moved away from big cities effectively gave up their career insurance. In a big city, you also run into people who work for other companies in your industry — on the bus, at the bar, in line at the deli. "The benefits of being a big city," Moretti tells me, "have been underappreciated" during the pandemic.

Persons: I've, —, We've, Enrico Moretti, Moretti, Des Moines, they'll, they're overqualified, That's, Madison Hoff, Aki Ito Organizations: Franciscan, Census, University of California, Business Locations: New York, Los Angeles, San Francisco, Seattle, America's, Berkeley, Paris, Des, Iowa, California, Sacramento, Bay

☆ Hudson Yards ‘Vessel’ Sculpture Will Reopen With Netting After Suicides
▼ + stars: | 2024-04-13 | by ( Hurubie Meko | Nate Schweber | ) www.nytimes.com time to read: +1 min

Nearly three years after a series of suicides shut down the Vessel, the 150-foot-tall centerpiece of the Hudson Yards complex in Manhattan, the project’s developer said on Friday that it would reopen this year with new safety measures. The beehive-shaped sculpture, with a labyrinth of about 2,500 steps and 80 landings, opened in 2019, along with much of the rest of Hudson Yards, a gleaming development in Midtown West. Not long after, in February 2020, a 19-year-old, Peter DeSalvo III, died by suicide there. The attraction will reopen once “floor-to-ceiling steel mesh” has been installed on several staircases, said Kathleen Corless, a spokeswoman for Related Companies, the developer of Hudson Yards. The measure will preserve the “unique experience that has drawn millions of visitors from around the globe,” the company said in a statement.

Persons: Peter DeSalvo III, Kathleen Corless Organizations: Hudson, Related Companies, Hudson Yards Locations: Manhattan, Hudson, Midtown West

☆ Higher yields pressure stocks — and Cramer predicts Disney share reaction if Peltz loses board fight
▼ + stars: | 2024-04-01 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Disney: One of the sales we made Monday was in Disney; the other was in Alphabet. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, it's, Stanley Black, Decker, Disney's, Nelson Peltz, Jim, It's, Tommy Hilfiger, Calvin Klein, Jim Cramer's, Mickey, Minnie, Ian Langsdon Organizations: CNBC, Disney, Trian, Bank of America, Peltz, Club, Starbucks, Dell, Micron, AMD, PVH Corp, Jim Cramer's Charitable, Paris, Afp, Getty Locations: Disney, Marne, Paris

☆ The Real Housewives are turning on Bravo and Andy Cohen. Here's what to know about the lawsuits and turmoil behind the scenes.
▼ + stars: | 2024-03-24 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +15 min

Two "Real Housewives" stars have filed suits alleging mistreatment and a hostile workplace. She returned to the franchise for the fourth season of the spinoff "The Real Housewives Ultimate Girls Trip," where cast members from various series within the franchise go on a vacation together. The incident in question never aired — the entire season was shelved and its premiere date swapped with a different season, "The Real Housewives Ultimate Girls Trip: RHONY Legacy," which aired instead. Mr. Cohen never used cocaine with any cast member on any Real Housewives show or with any other Bravo employee." Former "Real Housewives of Atlanta" star NeNe Leakes has also accused Cohen and Bravo of racist behavior, insinuating it's why she left the show.

Persons: Bravo, Andy Cohen's, —, Andy Cohen, Cohen, Peacock, Caroline Manzo, Manzo, Brandi Glanville, Glanville, isn't, Derek Smith, Mr, Glanville's, Matt Lauer, Kate Chastain, Brandi, they've, Leah McSweeney, McSweeney, costars, Lisa Shannon, Leah, she'd, Cohen's, Ms, McSweeney's, didn't, Bethenny Frankel, Frankel, Frankel aren't, Eboni K, Williams, costars Luann, Lesseps, Sonja Morgan, Ramona Singer, NeNe Leakes, Monique Samuels, Candiace Dillard Bassett, Samuels Organizations: Housewives, Service, Bravo, Shed Media, Housewives of, BI, Beverly Hills, Warner Bros, NBC, New, People, Real Housewives, Atlanta Locations: Housewives of New Jersey, Morocco, Glanville, New York City, York

☆ David Rosenberg, Jeremy Grantham, and 4 other market gurus just rang the alarm on a stock market bubble
▼ + stars: | 2024-03-16 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

Here are six recent bubble warnings from experts this week:Advertisement1. "We are nonetheless in a market bubble." Paul Dietrich"The Stock Market Bubble Is About to Burst — Look Out!" AdvertisementGrantham also suggested the AI craze would end and bring the stock market down with it. Michael GayedGayed flagged the recent surge in gold, utility stocks, and long-term Treasury bonds as evidence of mounting market jitters in an InvestorPlace op-ed this week.

Persons: —, David Rosenberg, Merrill Lynch, Rosenberg, Paul Dietrich, Riley Wealth, Jeremy Grantham Stocks, Grantham, Michael Hartnett, Hartnett, Larry Summers, Summers, Michael Gayed Gayed Organizations: Service, Nvidia, Business, Rosenberg Research, North, Bloomberg, Bank of America, Tidal Locations: North American

☆ Will Nikkei's record-breaking rally sustain even as Japan's economy sputters?
▼ + stars: | 2024-03-05 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +3 min

Fuji and Tokyo skyline Jackyenjoyphotography | Moment | Getty ImagesJapan's Nikkei stock index has been on a record-breaking spree on the back of robust earnings and investor-friendly measures. But the country's ailing economy has experts divided over this sustainability of this rally. Japan's corporate governance reforms have been a key driver for the country's stock markets, Momma said, while stressing that stock indexes do not necessarily represent the entire economy that includes SMEs and households. SMEs are a critical lever in the Japanese economy, accounting for 70% of national employment and 50% of the country's economic growth. "Spillover from the global boom of AI-related stocks certainly helped Nikkei," Momma said.

Persons: Kazuo Momma, Momma, Sayuri Shirai, pare, Shirai, Phillip Colmar MRB Organizations: Nikkei, Mizuho Research, CNBC, Bank of Japan, Nvidia, Technology, Stock, Keio University, Bank of America, Phillip Colmar MRB Partners Locations: Fuji, Tokyo, Germany, Japan, U.S, China

☆ Jim Cramer: Why a successful Reddit IPO would be bad news for this bull market
▼ + stars: | 2024-03-03 | by ( Jim Cramer | ) www.cnbc.com time to read: +14 min

There's nothing like a moribund IPO market to create a pleasant backdrop for a bull run. Hot on the heels of the Reddit deal is the expiration of the IPO lockup period for Arm Holdings on March 12. I thought it might occur after the successful Arm deal, but like so many nascent attempts to revive the IPO market there was nothing worth following up with until the Reddit deal. This brings me back to the IPO market. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: We've, It's, Reddit, Sam Altman, Conde Nast, Rene Haas, Steve Huffman, Reddit's, —, isn't, Morgan Stanley, Goldman Sachs, Uber, Jim Cramer's, Jim Cramer, Jim, Mateusz Slodkowski Organizations: Advance Magazine Publishers, Arm Holdings, Company, Nvidia, Employees, GameStop, Supply, Amazon, Walmart, Securities and Exchange Commission, Investors, Fidelity, ICE, Costco, Rite Aid, Tech, Microsoft, Meta, Federal Trade Commission, White House, Jim Cramer's Charitable, CNBC, Getty Locations: British, TheStreet.com, Reddit, POLAND

☆ Opinion: We must help Ukraine now or fight costlier wars later
▼ + stars: | 2024-02-28 | by ( Opinion Mark T. Esper | ) edition.cnn.com time to read: +8 min

Whether Congress chooses to provide the continued financial support Ukraine, Israel and Taiwan desperately need will go a long way toward answering this question. Secretary of Defense Mark Esper testifies during a House Armed Services Committee hearing on July 9 in Washington, DC. Without renewed US support, the arms pipeline to Ukraine will continue to dwindle over the coming months, directly impacting what happens on the battlefield. Politics must be set aside, and politicians who spurn allies, coddle autocrats and argue for American retrenchment should be ignored. Leadership is a heavy cross to bear, indeed, but the benefits of doing so — especially in the face of clear threats — will always outweigh the costs and favor the United States.

Persons: Mark, Esper, Trump, Russia resurges, Defense Mark Esper, Greg Nash, Vladimir Putin’s, Israel dismantles, Joe Biden, Anatolii Stepanov, Putin, Xi Jinping, coddle autocrats Organizations: Times, The McCain Institute, CNN, Defense, Armed, Funds, Communist, NATO, Ukraine, Taiwan Locations: Russia, Ukraine, United States, Israel, Taiwan, Washington , DC, Ukrainian, Avdiivka, Communist China, Kyiv, Moscow, Russian, Kostyantynivka, Donetsk, AFP, China, Japan, South Korea, Philippines, Washington, Iran, Afghanistan, East

☆ Bitcoin surpasses $56,000 benchmark, uplifts crypto market in latest rally
▼ + stars: | 2024-02-27 | by ( Dylan Butts | ) www.cnbc.com time to read: +1 min

Bitcoin , the world's largest cryptocurrency by market cap, extended a rally in Asia trading on Tuesday, reaching a two-year high of over $56,000 and uplifting the broader crypto market amid positive market developments and buying from crypto bulls. MicroStrategy , based in Virginia, is currently the largest publicly traded owner of bitcoin. According to Greta Yuan, head of research at digital asset platform VDX, the market was "encouraged by crypto bulls such as MicroStrategy" as well as a "new record of Bitcoin ETF inflows." Most of the cryptocurrency market experienced a lift from the latest rally. Ethereum , the second-largest cryptocurrency by market cap, reached a multi-month high above $3,200.

Persons: MicroStrategy, Greta Yuan Locations: halve, Asia, CoinMarketCap, Virginia, U.S, San Francisco

☆ Crypto venture funding climbs for first time in nearly 2 years after bitcoin's stellar run
▼ + stars: | 2024-02-15 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

Now, venture investors are returning. Venture funding for crypto-related companies in the fourth quarter of 2023 totaled $1.9 billion, a 2.5% increase from the prior quarter, PitchBook said Thursday. It marks the first time that venture VC investments in crypto startups have risen since the March quarter of 2022. Problems for crypto ventures were compounded that year by major collapses of crypto companies like Do Kwon's controversial algorithmic stablecoin Terra and Sam Bankman-Fried's FTX. Le said that crypto venture funding has bottomed with a rise in crypto asset prices and public market valuations of crypto-related companies such as Coinbase , Marathon Digital , and MicroStrategy .

Persons: Crypto, PitchBook, It's, Sam Bankman, FTX, Andreessen Horowitz, Le, bitcoin Organizations: Venture, Sequoia Capital, Tiger Global, CNBC, Marathon Locations: FTX

☆ I'm an AI startup founder and love hiring liberal arts grads. They give us a surprising edge.
▼ + stars: | 2024-02-07 | by ( Megan Carnegie | ) www.businessinsider.com time to read: +6 min

Barthélémy Kiss, 36, is a politics graduate running his second AI company Powder. Kiss has hired career switchers and liberal arts grads to work on his most recent AI project. Working on this startup, I've learned that people with a liberal arts background have a major edge in our industry. The liberal arts grads we've hired have a creative, human-centric approach to understanding the best applications of AI in their respective fields. We need creative thinkers to get the best out of AI technologyHuman creativity is crucial in the AI space.

Persons: Barthélémy, Kiss, switchers, grads, —, Eric Risser, We've, I've, grads we've, Stan, Maryan, Pierre Boulez Organizations: Service, Unity, Creative, Ircam Locations: Paris

Elsewhere, Bank of America raised its price target on Nvidia, calling for more than 25% upside. 7:07 a.m.: Deutsche Bank deals latest blow to regional bank after earnings disappoint Deutsche Bank joined the post-earnings dogpile on New York Community Bank . Analyst Bernard von-Gizycki downgraded the regional bank to hold from buy and slashed to price target to $7 from $15. Analyst Alicia Yap upgraded the consumer internet stock to buy from neutral and raised her price target by $6 to $50. — Alex Harring 5:45 a.m.: Bank of America hikes Nvidia price target Don't expect Nvidia to lose momentum anytime soon, according to Bank of America.

Persons: Goldman Sachs, Bernard von, Gizycki, — Alex Harring, There's, Alicia Yap, Sea's, Shopee, Alex Harring, what's, Tim Cook, Brandon Nispel, AAPL's, AAPL, Morgan Stanley, Erik Woodring, we're, Tim Long, Piper Sandler, Harsh Kumar, Meta, Ross Sandler, Benjamin Black, Mark Kelley, Bernstein, Mark Shmulik, LSEG, Rufus, Eric Sheridan, Brian Nowak, outsized, Brad Erickson, Vivek Arya, Fred Imbert Organizations: CNBC, Apple, Bank of America, Nvidia, Deutsche Bank, New York Community Bank, von, Investors, Traders, Citi, Nasdaq, Conference, Barclays, Vision, Meta, Wall Street, Amazon, RBC Capital, Enterprise, SAP, VMWare, Dell Locations: Wall, New, Thursday's, Friday's premarket, China, genAI, CY25

☆ Kimbal Musk 'felt the voice of God' twice in his life: during a near-death experience and when taking ayahuasca
▼ + stars: | 2024-01-23 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

Kimbal Musk takes a slightly different stance on God than his older brother. While Elon Musk has said he's "not religious" and has said he's questioned whether life is a simulation and "may have no meaning," Kimbal Musk said he believes in the "soul and spirit." "I had two different lives," Kimbal Musk said. Kimbal Musk is also the cofounder of two other food-related companies, a nonprofit called Big Green, and the urban-farming startup Square Roots. Musk said he had a similar spiritual experience later on in his life when he tried ayahuasca, a plant-based psychedelic known for its hallucinogenic properties.

Persons: Kimbal, Elon Musk's, biohacker Dave Asprey, Elon Musk, he's, Kimbal Musk, Musk, Tesla, Walter Isaacson Organizations: Service, Business, Facebook, Man, Wall Street

☆ There's a lot of room to run up with AI-related companies, says Earnings Scout CEO Nick Raich
▼ + stars: | 2024-01-19 | 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 EmailThere's a lot of room to run up with AI-related companies, says Earnings Scout CEO Nick RaichNick Raich, The Earnings Scout co-founder and CEO, joins 'Squawk Box' to preview quarterly earnings results next week from companies like Netflix, United Airlines, Tesla, and more.

Persons: Nick Raich Nick Raich Organizations: Scout, Netflix, United Airlines, Tesla

HONG KONG (AP) — Asian shares were mostly higher on Monday, with Tokyo extending its New Year rally, as China’s central bank kept its one-year policy loan interest rate unchanged. China’s central bank opted to keep its one-year policy loan interest rate at 2.5% on Monday while injecting funds into the financial system. Traders are largely betting on the Fed cutting its main interest rate six or more times through 2024. The airline and other travel-related companies were also hurt by a rise in oil prices, which put pressure on their fuel costs. A barrel of benchmark U.S. crude oil rose 10 cents to $72.78.

Persons: Zhaopeng Xing, Raymond Yeung, “, Ernie, Baidu, Lai Ching, Lai, Taiwan’s Taiex, Australia’s, It's, Yemen’s Houthi, Brent Organizations: ANZ, Baidu, Democratic Progressive Party, Dow Jones, UnitedHealth Group, Nasdaq, Federal Reserve, Treasury, Traders, Fed, Delta Air Lines, United Airlines, Cruise Line Holdings, U.S Locations: HONG KONG, Tokyo, Hong Kong, Shanghai, South Korea, China, Taiwan

☆ Smart shopping carts with customized ads are the future of grocery shopping, according to Instacart
▼ + stars: | 2024-01-08 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

Instacart will test ads on its Caper smart shopping carts at Bristol Farms grocery stores in Southern California, it said on Monday. This story is available exclusively to Business Insider subscribers. AdvertisementInstacart plans to have "thousands" of the Caper carts in stores by the end of 2024, Instacart CEO Fidji Simo told Bloomberg on Monday. Caper carts are just one example of the boom in what those in the industry call "retail media." AdvertisementMost retailers' ad sales are a fraction of Amazon's, which has been building its ad business for longer.

Persons: —, General Mills, That's, Fidji Simo, they're, Simo Organizations: Service, Bristol Farms, Kroger, Schnucks, Business, Del, Del Monte Foods, Bloomberg, Retailers, Walmart, Amazon, Intelligence Locations: Southern California, Del Monte

☆ AI Career Switchers: Meet Five People Who Quit Old Roles for AI Jobs.
▼ + stars: | 2024-01-02 | by ( Aaron Mok | ) www.businessinsider.com time to read: +10 min

These workers in accounting, product management, defense, and music quit their jobs to work in AI. Moritz Kremb quit his product manager job to focus on his AI business. Ted Lebantino says there's a high learning curve in developing AI skills. To make the jump into AI, Kremb suggests making a name for yourself on social media by creating content about AI. As for Fineberg, the AI startup CEO says you don't even need to quit your job to break into it.

Persons: —, Moritz Kremb, OpenAI's ChatGPT, Kremb, Weeks, Moritz Kremb There's, who've, Justin Fineberg, there's, Justin Fineberg Justin Fineberg, Uber, Fineberg, Jacqueline DeStefano, Tangorra, Lockheed Martin, Ted Lebantino, — Lebantino, Javier Orman, Javier Orman DeStefano, DeStefano, Orman, switchers Organizations: Service, Business, Meta, Netflix, New Yorker, Omni Business Intelligence Solutions, Lockheed, San Francisco Bay Area, LinkedIn Locations: New, New York, Long, San Francisco Bay, Chicago

☆ How Long Can the ‘Magnificent Seven’ Stocks Hold the Line?
▼ + stars: | 2023-12-05 | by ( Jon Sindreu | ) www.wsj.com time to read: +1 min

The latest stock-market rally has further increased the dominance of the top-seven companies in the S&P 500. Illustration by Alexandra Citrin-Safadi/WSJAs in the eponymous 1960s Western, the so-called “Magnificent Seven” stocks keep on winning. The S&P 500 is in a bull market, fueled by soft inflation data in the U.S. and Europe and the widespread belief that interest rates will start coming down early next year. Yet the stock market has become so top-heavy that speaking of a “bull market” carries less meaning than before. Without Apple , Microsoft , Alphabet , Amazon.com , Nvidia , Tesla and Meta Platforms—the high-growth, technology-related companies that analysts have dubbed the “Magnificent Seven”—the S&P 500 would only be up 9% this year, rather than 19%.

Persons: Alexandra Citrin Organizations: Apple, Microsoft, Nvidia, Tesla Locations: U.S, Europe

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