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☆ AI engineers report burnout, rushed rollouts as 'rat race' to stay competitive hits tech industry
▼ + stars: | 2024-05-03 | by ( Hayden Field | ) www.cnbc.com time to read: +16 min

The AI engineer bailed on his friends, who had traveled from the East Coast to the Seattle area. watch nowThis is the dark underbelly of the generative AI gold rush. Last year marked the beginning of the generative AI boom, following the debut of OpenAI's ChatGPT near the end of 2022. Justin Sullivan | Getty ImagesAn AI engineer at Microsoft said the company is engaged in an "AI rat race." The Microsoft AI engineer said a lot of tasks are about "trying to create AI hype" with no practical use.

Persons: Sebastien Bozon, Jensen Huang, Tech's, Amy Hood, Mark Zuckerberg, Zuckerberg, Andy Jassy, Jassy, they're, Eric Gu, “, Gu, Satya Nadella, Sam Altman, Justin Sullivan, there's, Morry, Kolman, doesn't, Sundar Pichai, Bard, There's, That's, beholden, Ayodele Odubela, ", it’s, Adam Selipsky, Anthropic, Dario Amodei, Noah Berger, Odubela, Gemini Organizations: Google, Apple, Facebook, Microsoft, AFP, Getty, Amazon, CNBC, Big Tech, Nvidia, Google . Engineers, Tech, Vision, Cloud Next, Web, Amazon Web Locations: Mulhouse, France, East Coast, Seattle, ChatGPT, San Francisco, Vegas, Las Vegas, German

☆ Who gets to buy a Birkin bag?
▼ + stars: | 2024-04-08 | by ( Joan Kennedy | ) edition.cnn.com time to read: +10 min

(CNN) — It’s so hard to get your hands on an Hermès Birkin bag that it should be illegal. Hermès’ ultra-exclusive positioning has meant Birkin sales have continued to overperform in the market even as most other luxury brands see demand slowing from post-pandemic highs. A scarcity-driven distribution model has helped drive desire for Birkins, as well as more broadly fuel Hermès’ business. Saroyan Humphrey/WWD/Getty ImagesThe lawsuit alleges shoppers are required to buy ancillary products (items like scarves, pillows or shoes) before being allowed to purchase a Birkin handbag. Presumably, the plaintiffs could buy a Birkin from The RealReal even if they can’t from Hermès directly.

Persons: —, Birkin, Hermès, Kelly, aren’t, Alex Tai, ”, snagging, Erwan, Haffner, Saroyan Humphrey, WWD, ’ ”, Susan Scafidi, “ It’s, Sebastien Bozon Organizations: The, Fashion, CNN, HSBC, Law, Microsoft, Fashion Law, Fordham University, Getty Locations: Northern California, waitlists, Paris, China, California, Hermès, Allenjoie, France, AFP

☆ Farmers’ protests have erupted across Europe. Here’s why
▼ + stars: | 2024-02-03 | by ( Sophie Tanno | Chris Liakos | ) edition.cnn.com time to read: +10 min

This week, the farmers’ protests struck at the heart of the European Union, when they rolled into Brussels on Thursday as leaders held a major summit on Ukraine. The EU has waived quotas and duties on Ukrainian imports in light of Russia’s invasion of Ukraine. “In Germany, it was really focused on diesel, so starting to tax diesel for tractors. France this week announced a series of measures for farmers in light of the protests. This has already been seen in Germany, when the far-right Alternative for Germany (AfD) involved itself in the protests and expressed solidarity with the farmers.

Persons: ”, Sebastien Bozon, Kay Nietfeld, Hugo Auge, Chancellor Olaf Scholz’s, Dimitar Dilkoff, Emmanuel Mathé, “, we’re, Anger, Renaud Foucart, Sakis Mitrolidis, Stefano Guidi, Gabriel Attal, Attal, Ursula von Der Leyen, Rob Engelaar Organizations: CNN — Farmers, CNN, European Union, Toulouse, BFMTV, Getty Images Farmers, AP, Farmers, Getty, ” Farmers, EU, Lancaster University, Deal, Green, European Commission, French, Farmer, Citizen Locations: Europe, Paris, France, Italy, Spain, Romania, Poland, Greece, Germany, Portugal, Netherlands, Eastern Europe, EU, Brussels, Ukraine, Zandvliet, Meer, Lyon, Vesoul, AFP, Berlin, Thessaloniki, Spanish, Hamburg, Cologne, Bremen, Nuremberg, Munich, Eastern, Bulgaria, Yvelines, French, Noisy, Seine et Marne, England, Novara, Belgium, Arendonk, Dutch

☆ Amazon's AWS to invest $15 billion to expand cloud computing in Japan
▼ + stars: | 2024-01-19 | by ( ) www.cnbc.com time to read: 1 min

An US giant Amazon employee passes by its logo on the opening day of the new distribution center in Augny, eastern France, on September 23, 2021. (Photo by SEBASTIEN BOZON / AFP) (Photo by SEBASTIEN BOZON/AFP via Getty Images)Amazon Web Services, or AWS, said on Friday it plans to invest 2.26 trillion yen ($15.24 billion) in Japan by 2027 to expand cloud computing infrastructure that serves as a backbone for artificial technology, or AI, services. The Amazon.com unit is spending to expand facilities in the metropolises of Tokyo and Osaka to meet growing customer demand, it said in a statement.

Persons: SEBASTIEN BOZON Organizations: Amazon, Getty, Web Services Locations: Augny, France, AFP, Japan, Tokyo, Osaka

☆ Rugby World Cup final: Inspirational South Africa captain Siya Kolisi chases history against New Zealand
▼ + stars: | 2023-10-27 | by ( Patrick Snell | ) edition.cnn.com time to read: +5 min

CNN —South Africa and New Zealand will meet on Saturday in a Rugby World Cup final for the first time since 1995. On that occasion, it was tournament host South Africa which won a close fought contest 15-12 to lift the Webb Ellis Cup for the first time. Twenty-four years on from that enduring moment, it was the inspiring Siya Kolisi who led his country to victory in the 2019 final against England, becoming the first Black captain to lead South Africa to World Cup glory. Indeed, his participation in this year’s World Cup is also nothing short of remarkable. South Africa or New Zealand will become the first nation to win the Rugby World Cup four times.

Persons: Webb Ellis, Nelson Mandela, Francois Pienaar, Mandela, Siya Kolisi, Kolisi, Richie McCaw, Jeanne Accorsini, ”, England’s Tom Curry, ” Kolisi, he’d, Curry, Thomas Samson, it’s, “, Unwisely, Sam Whitelock, Whitelock, Ian Foster, we’ve, ” Foster, Samuel Whitelock, Sebastien Bozon, Foster, Barrett, – Scott, Jordie, Beauden –, Will Jordan Organizations: CNN, Rugby, South, Springboks, England, All Blacks, World Rugby, Rugby World, Getty, While New Zealand, Kiwis, South Africa, Blacks, Twickenham, New Zealand, New, Stade de France Locations: South Africa, New Zealand, Africa, Zwide, Port Elizabeth, England, AFP, While New, London, France , New Zealand, France, Zealand, Paris

Paris CNN —At least nine people were killed and two are missing after a fire broke out at a vacation home in eastern France early Wednesday morning, authorities said. Christophe Marot, a senior official in Haut Rhin, told CNN affiliate BFMTV that those inside the building could not escape from the blaze. “It’s very tragic.”The 500 square-meter (5,400 square-foot) house had been hosting people with disabilities during the summer holidays. Authorities do not have any leads on what caused the blaze, but an investigation has been opened, Hauwiller said. Sebastien Bozon/AFP/Getty ImagesOne official said that those inside the building could not escape from the blaze.

Persons: Firefighters, Philippe Hauwiller, Hauwiller, hadn’t, Christophe Marot, ” Marot, “, Leroy, Sebastien Bozon, Gerald Darmanin, Emmanuel Macron, Elisabeth Borne, ” Organizations: Paris CNN —, Authorities, CNN, BFMTV, Getty, Getty Images, Solidarity Locations: France, Wintzenheim, Paris, Haut Rhin, Nancy, AFP

☆ Marketa Vondrousova Stuns Wimbledon to Win Her First Major Title
▼ + stars: | 2023-07-15 | by ( Joshua Robinson | ) www.wsj.com time to read: 1 min

Marketa Vondrousova celebrates with the Venus Rosewater Dish trophy after winning the Wimbledon final. Photo: sebastien bozon/Agence France-Presse/Getty ImagesWIMBLEDON, England—Until this summer, Marketa Vondrousova had always found grass-court tennis nothing short of baffling. In four trips to the Wimbledon main draw, she had won just one match and never survived past the second round. So when she returned to the All England Club this summer, unseeded and still finding the surface “almost impossible,” she expected her stay to be short.

Persons: Marketa Vondrousova, sebastien bozon Organizations: Wimbledon, Agence France, Getty, All England Locations: England

☆ Novak Djokovic reaches ninth Wimbledon final after brushing aside Jannik Sinner
▼ + stars: | 2023-07-14 | by ( Matias Grez | ) edition.cnn.com time to read: +5 min

After eventually holding serve, Djokovic turned to the fan and mimicked wiping away tears from his eyes. Novak Djokovic kisses the grass after beating Jannik Sinner. Rare hindrance callThe early signs were promising for Sinner, who earned a break point in Djokovic’s opening service game, though he was unable to convert. Jannik Sinner was no match for Novak Djokovic. Julian Finney/Getty Images“The hindrance [call] earlier on today in the match could have changed course of the match,” Djokovic said.

Persons: Novak Djokovic, Italy’s, Chris Evert’s, Carlos Alcaraz, Daniil Medvedev, Djokovic, he’s, Andy Murray, ‘, Jannik Sinner, Sebastien Bozon, ”, magnanimously, “, ” Djokovic, Sinner, Richard Haigh, Julian Finney, Haigh, Glyn Kirk, – Djokovic, I’ll Organizations: CNN, Wimbledon, Getty Locations: Friday’s, Sunday’s, AFP, SW19

☆ How the generative A.I. boom could forever change online advertising
▼ + stars: | 2023-07-08 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +10 min

Meta, Alphabet and Amazon , the leaders in online advertising, are all betting generative AI will eventually be core to their businesses. In May, Meta announced its AI Sandbox testing suite for companies to more easily use generative AI software to create background images and experiment with different advertising copy. However, Shaked said he's "not sold on the creative piece yet," regarding Meta's nascent foray into providing generative AI tools for advertisers. Jay Pattisall, an analyst at Forrester, said several major hurdles prevent generative AI from having a major immediate impact on the online ad industry. Stacy Reed, an online advertising and Facebook ads consultant, is currently incorporating generative AI into her daily work.

Persons: Sebastien Bozon, ChatGPT, Shane Rasnak, Rasnak, Cristina Lawrence, Lawrence, Mark Zuckerberg, Andrew Caballero, Reynolds, Yarden Shaked, Shaked, Jay Pattisall, Forrester, Pattisall, Reddit, Scott McKelvey, OpenAI, McKelvey, that's, Meta, Stacy Reed, it's, Reed, they've, Ryan Reynolds Organizations: AFP, Getty, Facebook, Twitter, CNBC, Meta, Meta's, Georgetown University, Bloomberg News, Mint Mobile, Social Locations: Utah, San Francisco, Washington

☆ Analysts see A.I. as a double-edged sword for 3 big tech stocks. We're more optimistic
▼ + stars: | 2023-06-26 | by ( Paulina Likos | ) www.cnbc.com time to read: +7 min

Alphabet The news: Analysts at UBS lowered their rating on Alphabet to neutral from buy but increased their price target to $132 per share from $123. Analysts expect the company's use of generative AI to be the "next leg to shares," and its use of AI tools should help the company "be viewed as an AI winner." Though Meta shares fell 3.5% to $278 each Monday. Reacceleration of revenue growth at Amazon's cloud unit, Amazon Web Services (AWS) into the fourth quarter of this year, should be a catalyst for the stock, analysts said. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Eric Schmidt, Jim, We're, Meta, Mark Zuckerberg, there's, Zuckerberg, Roth, Jim Cramer's, Jim Cramer, Sebastien Bozon Organizations: CNBC, Nasdaq, UBS, Google, Club, Microsoft, Facebook, Meta, Apple, Amazon Web Services, AFP, Getty Locations: Mulhouse

☆ In pictures: Crowds gather in London for King Charles' coronation
▼ + stars: | 2023-05-06 | by ( Dave Lucas | ) www.reuters.com time to read: +1 min

Well-wishers line the route of the 'King's Procession', a two kilometres stretch from Buckingham Palace to Westminster Abbey, in central London, on May 6, ahead of the Coronation of King Charles III. - The set-piece coronation is the first in Britain...moreWell-wishers line the route of the 'King's Procession', a two kilometres stretch from Buckingham Palace to Westminster Abbey, in central London, on May 6, ahead of the Coronation of King Charles III. - The set-piece coronation is the first in Britain in 70 years, and only the second in history to be televised. Charles will be the 40th reigning monarch to be crowned at the central London church since King William I in 1066. Outside the UK, he is also king of 14 other Commonwealth countries, including Australia, Canada and New Zealand.

☆ A hidden time bomb? A 'Big Short' investor sees financial disaster brewing in housing markets
▼ + stars: | 2023-04-06 | by ( Sam Meredith | ) www.cnbc.com time to read: +7 min

Josh Edelson | Afp | Getty ImagesMore than a decade after a U.S. mortgage meltdown threatened to destroy the international financial system, a "Big Short" investor once again sees financial disaster brewing in the real estate market. Now, Burt believes an overlooked climate risk could see history repeating itself. U.S. housing market overvalued? watch now"The biggest reason why it matters from our perspective is that climate risk isn't being priced into the housing market," Jeremy Porter, head of climate implications at First Street Foundation, told CNBC. 'A humanitarian crisis'Far from a domestic issue, Burt stressed the climate risks associated with the U.S. housing market posed a major problem for countries worldwide.

☆ Amazon's pledge to become 'Earth's Best Employer' is failing.
▼ + stars: | 2023-02-16 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +5 min

I get a lot of satisfaction out of what I do, but I'd love to work for the world's best employer. What would the best employer in the world look like? While we ponder these imponderables, I can tell you that it's probably not Amazon — despite its flashy 2021 pledge to become "Earth's Best Employer." Amazon is fumbling its "Earth's Best Employer" pledge. CEO Andy Jassy even once admitted that the definition of Earth's Best Employer is "subjective."

Share this -Link copiedThe full order of service for the funeral at Westminster Abbey The funeral service for Queen Elizabeth II is underway at Westminster Abbey. Police officers patrol outside Westminster Abbey in London on Monday, ahead of the state funeral service for Queen Elizabeth II. The coffin of Queen Elizabeth II leaves Westminster Hall for her funeral service in Westminster Abbey. Around 2,300 police officers will line the route from Westminster Abbey to Windsor Castle and 1,000 police officers will line the route from Westminster Abbey to Wellington Arch. Share this -Link copiedBuckingham Palace releases previously unseen portrait of queen Queen Elizabeth II, photographed at Windsor Castle in May 2022.

☆ Queen Elizabeth II funeral live updates: Britain, world say farewell to iconic monarch
▼ + stars: | 2022-09-19 | by ( Patrick Smith | Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Yuliya-Talmazan-Circle-Byline-Template.Jpg | ) www.nbcnews.com time to read: +20 min

“Today I respectfully join leaders from Britain, Ireland & the international community at the funeral of Queen Elizabeth II as she is laid to rest,” O’Neill tweeted. “Passengers can use their tickets on Tube and bus services instead,” the Heathrow Airport announced ahead of the queen’s funeral. Around 2,300 police officers will line the route from Westminster Abbey to Windsor Castle and 1,000 police officers will line the route from Westminster Abbey to Wellington Arch. Share this -Link copiedBuckingham Palace releases previously unseen portrait of queen Queen Elizabeth II, photographed at Windsor Castle in May 2022. Ranald Mackechnie / PA This previously unseen photo of Queen Elizabeth II was released late Sunday by Buckingham Palace.

☆ The world's most powerful are gathered in London for Queen Elizabeth II's funeral. Here's who is — and isn't — there
▼ + stars: | 2022-09-19 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +5 min

Wpa Pool | Getty Images Entertainment | Getty ImagesHundreds of global dignitaries are gathered in London Monday to attend the funeral of Queen Elizabeth II, marking a level of ceremony unseen in the U.K. for decades. Britain's King Charles III waves as he's driven down the Mall in London on September 19, 2022, ahead of the State Funeral Service of Britain's Queen Elizabeth II. - Leaders from around the world will attend the state funeral of Queen Elizabeth II. President of United States Joe Biden and Jill Biden arrive for the State Funeral of Queen Elizabeth II at Westminster Abbey on September 19, 2022 in London, England. Japan's Emperor Naruhito and his wife Empress Masako arrive at Westminster Abbey in London on September 19, 2022, for the State Funeral Service for Britain's Queen Elizabeth II.

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