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☆ 3 ways Indeed is leveraging AI to help bridge the gap between hiring managers and job seekers
▼ + stars: | 2024-05-08 | by ( Sponsor Post | ) www.businessinsider.com time to read: +8 min

Here are three ways Smart Sourcing can help you hire smarter and faster. "As you accept or reject candidates, the Smart Sourcing AI will learn what you prefer over time," Kudrikow said. Matches are based on three things: The keyword relevancy of your job post, job seekers' resumes, job seekers' search activity on Indeed, and how recently job seekers have been on the site. With a Professional Subscription, hiring managers gain the ability to automate post-outreach and follow-up with custom reminder messages. Getting started with Smart SourcingSmart Sourcing subscriptions are available starting today, and existing Indeed Resume subscriptions have transitioned to Smart Sourcing.

Persons: Allison McLellan, Harris Poll1, Jason Kudrikow, Harris, Smart Sourcing's, Kudrikow, you've, Kudikrow Organizations: Smart, Universal Health Services, UHS, Employers, Insider Studios, . Survey Locations: Puerto Rico, United States

☆ Why Vista Equity Partners, one of Wall Street's most prominent tech investors, doesn't want its analysts using AI for due diligence
▼ + stars: | 2024-05-08 | by ( Bianca Chan | ) www.businessinsider.com time to read: +2 min

Vista Equity Partners, the private equity giant that's known for its tech investing, doesn't want its analysts using generative AI for due diligence. "And we do want our humans to actually go and read the stuff that's important that's going to make billion-dollar decisions in the diligence side." Other private equity firms, like the Swedish giant EQT, have introduced generative AI to the due diligence process, BI previously reported. Vista Equity Partners, which is in the business of buying companies, improving them, and selling them for a profit, employs people whose sole job is to transform operations of portfolio companies and help them scale, Saroya said. He added that the firm created a reference guide for its portfolio companies, including the data, cloud, and other software providers needed to be successful, and partnered with those companies for the portfolio companies to use, where appropriate.

Persons: that's, Monti, Saroya, That's Organizations: Vista Equity Partners, doesn't, Milken Institute Global, Flagship Fund, PE, underwriters Locations: Asia

☆ Facebook's Oversight Board to consider if 'from the river to the sea' is hate speech
▼ + stars: | 2024-05-07 | by ( David Ingram | ) www.cnbc.com time to read: +5 min

The independent Oversight Board that hears appeals about content decisions on Facebook and Instagram said Tuesday it would consider whether the pro-Palestinian phrase "from the river to the sea" violates the platforms' rules including their ban on hate speech. In each of the three cases, other Facebook users reported the phrase, saying it violated platform rules on hate speech, incitement or violent organizations. The users opposed to the phrase then appealed to the Oversight Board. One of the Facebook posts being reviewed by the Oversight Board received about 8 million views, the board said. In one of its most significant decisions, the Oversight Board in 2021 upheld the suspension of former President Donald Trump from Meta's platforms but ruled that it was inappropriate to make the ban indefinite.

Persons: Instagram, Rashida Tlaib, Meta, Mark Zuckerberg, Donald Trump Organizations: Resistance, Facebook, Meta, Palestinian American, Hamas Locations: Manchester, United Kingdom, Israel, Gaza, Jordan, Palestinian, Palestine, Denmark

☆ Schonfeld's Asia cohead is leaving the $10 billion firm's fast-growing outpost
▼ + stars: | 2024-05-07 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +2 min

Eric To is leaving the $10 billion New York-based multi-manager, people close to the firm told Business Insider. He was the cohead of APAC and head of APAC fundamental equity. This story is available exclusively to Business Insider subscribers. A person close to the firm told Business Insider that To's cohead, Chris Antonelli, will take over as the sole head of the Asia business going forward. In the five years To was there, this person noted, Schonfeld's Asia business expanded to Japan and Australia and nearly tripled its head count in the region.

Persons: —, Eric, Sol Kumin's, Chris Antonelli, Ken Organizations: Service, Business, Schonfeld, SAC Capital, Schonfeld's, Citadel Locations: York, Hong Kong, Folger Hill, Asia, Balyasny, Schonfeld's Asia, Japan, Australia, APAC

☆ Why investing solo lets Refactor Capital's Zal Bilimoria be a 'lifeline' for founders
▼ + stars: | 2024-05-06 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +4 min

Now 42, Bilimoria is the sole partner of Refactor Capital, the early-stage venture-capital firm he launched in 2016. Through Refactor Capital, Bilimoria has backed unicorn companies including the green-chemical manufacturer Solugen and the space startup Astranis. AdvertisementTwo years later, Lee stepped down as a general partner — making Bilimoria the firm's sole investor. Life as a solo partnerAs a solo partner, "all the successes and all the challenges are on my shoulders," Bilimoria said. Refactor Capital invests in about eight companies every year and is deploying capital out of its third fund.

Persons: —, Bilimoria, Andreessen Horowitz —, weren't, Andreessen Horowitz, David Lee, Lee Organizations: Service, University of Pennsylvania, Business, Microsoft, Netflix, Google, Twitter, Fund, SV Angel Locations: Northwest Indiana

☆ Judge’s warning provides dilemma for Trump over whether he will risk jail for a political point
▼ + stars: | 2024-05-06 | by ( Stephen Collinson | ) edition.cnn.com time to read: +9 min

His warning also presented the former president – who has weaponized his four criminal indictments into a narrative of political martyrdom – with his own dilemma. Elie Honig, a CNN senior legal expert, said that he still believed it was unlikely Trump would end up jailed for contempt of court. He told Trump: “You are the former president of the United States and possibly the next president, as well. There are many possible reasons why voters may not be moved by this first trial of a former president. On Monday for example, prosecutors took former Trump employees through complicated financial transactions to lay a paper trail for future testimony from higher-profile witnesses.

Persons: Donald Trump, Juan Merchan, Merchan, Trump, wasn’t, ”, ” Merchan, –, “, Elie Honig, Michael Cohen, Stormy Daniels, Jack O’Donnell, CNN’s Erin Burnett, O’Donnell, Merchan’s, you’ll, ” Trump, it’s, Daniels, Joe Biden, he’s Organizations: CNN, Trump, GOP, Trump Plaza Hotel, White Locations: United States, Casino, Atlanta, Georgia, Manhattan

☆ These are JPMorgan's top stock picks for clients heading into May
▼ + stars: | 2024-05-06 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

JPMorgan spotlighted a fresh set of stocks, reflecting its analysts' top picks as May begins, including Caterpillar , Bank of America and TJX Companies . The firm's focus list includes its top equity ideas targeted around growth, income, value and short strategies. Nicholas Rosato, head of JPMorgan's North American Equity Research, said all the stocks on the list have an overweight rating. Here are some of the top picks: United Airlines shares are up about 25% in 2024, fueled largely by a strong second-quarter earnings forecast . No longer included in this month's focus list are CMS Energy and Prologis , both of which are still rated overweight by JPMorgan.

Persons: Nicholas Rosato, Morgan Stanley, Ravi Shanker, Jay Sole, Rosato Organizations: JPMorgan, Caterpillar, Bank of America, TJX Companies, North American Equity Research, United Airlines, Boeing, Investors, UBS, CMS Energy, Prologis, CMS Locations: Thursday's, Maxx

☆ Opinion: The destruction of Gaza isn’t just physical. It’s psychological as well
▼ + stars: | 2024-05-05 | by ( Opinion Arwa Damon | ) edition.cnn.com time to read: +12 min

A child shrieks in pain in a medical tent at a field clinic in southern Gaza. It is the psychological obliteration: What makes the trauma different in Gaza is the sheer constancy of it. Trauma compounds trauma every single day; there is no respite, not even a brief one. Death and destruction are not unique to the war in Gaza, but the scale and the scope are, as is the intensity and ferocity. Arwa Damon leads an activity with children at one of the shelters where INARA provides services in southern Gaza.

Persons: Arwa Damon, Arwa Damon CNN I’m, We’re, I’ve, “, you’ve, she’s, mumbling, — “, it’s, won’t, Ahmed, ”, doesn’t, Benjamin Netanyahu, Netanyahu, Israel, ” Damon, Gazans, he’s, He’s Organizations: CNN, International Network for Aid, Relief, INARA, Twitter Locations: Gaza, Iraq, Syria, Libya, Afghanistan, Egypt, Israel, Rafah, Cairo, people’s

☆ Police tactics at campus protests reveal disparities in approaches to public order and lessons learned post-George Floyd
▼ + stars: | 2024-05-05 | by ( Emma Tucker | ) edition.cnn.com time to read: +14 min

“I think we also saw this different sensibility about how to clear protests,” Straub said of the police response to campus demonstrations. In some cases, officers couldn’t distinguish lawful protesters from those who were being disruptive or causing violence, he added. The agreement mandated the NYPD to “change how it deploys officers to public demonstrations,” to better allow the public to exercise their First Amendment rights. NYPD officers in riot gear break into a building at Columbia University, where pro-Palestinian students were barricaded, on April 30. Officers were seen breaking down plywood barriers outside the entrenched encampment where protesters had barricaded themselves inside, as flash-bang explosives exploded overhead.

Persons: George Floyd, ”, Chuck Wexler, Emily Byrski, Joe Biden, ” Wexler, Frank Straub, ” Straub, PERF, Letitia James, James, Kena Betancur, Eric Adams, Kaz Daughtry, “, Spencer Fomby, Fomby, Straub, it’s, ” Fomby, Ryan Sun, ” CNN’s Julia Jones, Maria Sole, Artemis Moshtaghian Organizations: CNN, Police, Research, “ Police, Palestinian, Getty, Columbia University, New York Police Department, University of Arizona, UCLA, Israel, National Guard, Sound Schools, Center for, Police Foundation, ” Police, NYPD, New York, City College, Hampton Hall, Columbia, Hamilton, National Tactical Officers Association, ”, AP Locations: Gaza, Israel, AFP, California, Columbia, New York City, Hampton, Arizona, Los Angeles

☆ 10 of the best national parks to visit in the summer, and 2 to avoid, according to a couple who have been to all 63
▼ + stars: | 2024-05-05 | by ( Maria Noyen | ) www.businessinsider.com time to read: +1 min

A Gen X couple who has been to all 63 national parks says some are better than others in the summer. Matt and Karen Smith would avoid parks like Death Valley because of killer summer temperatures. The best to visit in the summer are high alpine national parks. AdvertisementThere are 63 national parks in the US, but according to a couple who have been to all of them, not every park is a summer destination. The National Parks Service reported earlier this year that over 325 million people visited at least one national park last year, a 4% increase from the year prior.

Persons: Matt, Karen Smith, —, Bob, Sue Organizations: Service, National Parks Service, Smiths

☆ Campaign Updates Noem, under fire for her new book, joins other V.P. contenders at G.O.P. donor retreat.
▼ + stars: | 2024-05-04 | by ( Chris Cameron | ) www.nytimes.com time to read: +4 min

That will be corrected in future editions of the book, too, said Ian Fury, the chief of communications for Ms. Noem. “It was brought to our attention that the upcoming book ‘No Going Back’ has two small errors,” Mr. Fury said. “I had the chance to travel to many countries to meet with world leaders — some who wanted our help, and some who didn’t,” Ms. Noem writes. The conversation that Ms. Noem describes having with Ms. Haley, the former South Carolina governor who dropped out of the Republican presidential primary in March, suggests that Ms. Haley had threatened her because they were both prominent Republican women. It was weird.”Chaney Denton, a spokeswoman for Ms. Haley, said Ms. Noem’s story was inaccurate.

Persons: Kristi Noem, Kim Jong, Noem, Donald J, Trump, Noem’s, Nikki Haley, Ian Fury, Mr, Fury, Kim, “, —, Ms, I’d, Haley, “ I’ve, I’ve, ” Chaney Denton, “ Nikki, ” Ms, Denton, Sean Hannity, ” Organizations: North Korean, The New York Times, South, House Armed Services Committee, North, Republican, Trump, Cricket, Fox News Locations: South Dakota, North Korean, South Carolina

☆ Richard Branson shares the simple mindset that's key to his success: 'I don't ever think of myself as a businessperson'
▼ + stars: | 2024-05-03 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +1 min

Richard Branson doesn't think of himself as a businessman — and he believes that helped him build Virgin Group into what it is today. "I don't ever think of myself as a businessperson, or even really an entrepreneur," Branson tells CNBC Make It. "I just see myself as somebody that loves to create things that I can be proud of." "There's many things that we've done that we wouldn't have done if we'd listened to accountants," says Branson. Perhaps ironically, the strategy has proved lucrative for Branson, whose current net worth is estimated at $2.5 billion, according to Forbes.

Persons: Richard Branson doesn't, —, Branson, we'd Organizations: Virgin Group, CNBC, Virgin Atlantic, Virgin Galactic, Branson, Forbes Locations: Branson

☆ UBS upgrades TJX to buy from neutral
▼ + stars: | 2024-05-02 | 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 EmailUBS upgrades TJX to buy from neutralJay Sole, UBS managing director, joins 'Money Movers' to discuss why the gain from department stores will be more significant than previously thought if the balance between e-commerce and brick and mortar is net-negative optically, and more.

Persons: Jay Sole Organizations: UBS

☆ Starting a new career in my 40s was the hardest and most rewarding thing I've ever done
▼ + stars: | 2024-05-02 | by ( Heidi Borst | ) www.businessinsider.com time to read: +4 min

The more time passed and the less contact I had with other adults, the more irrelevant I felt. In my marriage, I felt more like an employee than a partner or even a friend. Related storiesI'd lost touch with so much of myself that I was afraid there'd be nothing of "me" left soon. AdvertisementFor me, that's writing. I feel guilty that I have to work, and on really tough days, I feel like a total failure.

Persons: I'd, Hilary Berger, that's, we're, —, there'd, Berger, I'm, hustling Organizations: Service, Business

☆ Student-loan borrowers in public service will now have to wait until July for their debt relief forms to be processed
▼ + stars: | 2024-05-02 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +1 min

Applications to the Public Service Loan Forgiveness program are paused through July. During this time, borrowers can still submit applications, but they will not be processed. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementSome student-loan borrowers hoping for debt relief might have to wait a few months. Beginning on May 1, the Education Department placed a pause on any processing of applications to the Public Service Loan Forgiveness program, which forgives student debt for government and nonprofit workers after ten years of qualifying payments.

Persons: It's, MOHELA, — Organizations: Public, Service, Education Department, MOHELA, Business

☆ Thursday's analyst calls: Discount retailers upgraded, more good news for Carvana, tough outlook for CVS
▼ + stars: | 2024-05-02 | by ( Hakyung Kim | ) www.cnbc.com time to read: +8 min

Thursday's analyst calls feature upgrades to discount retailers TJX and Burlington and used car outlet Carvana, while there was more bad news for CVS Health following a tough earnings report Wednesday. He also raised his price target to $130 from $70, or 49.2% above Wednesday's close price. He lowered his price target by $25 to $60, or just 5.6% higher from Wednesday's close price. Analyst Jay Sole also lifted his price target to $132 from $104, indicating nearly 41% upside from Wednesday's close. He raised his price target to $212 from $126, suggesting shares could gain 19.1% from where they closed Wednesday.

Persons: Morgan Stanley, Joseph Moore, Moore, Samik Chatterjee, Chatterjee, Tal Liani, Liani, — Hakyung Kim, JPMorgan Carvana, Rajat Gupta, Gupta, Kevin Caliendo, Caliendo, Jay Sole, Sole, BURL, — Hakyung Kim —, Michael Bloom Organizations: CNBC, CVS Health, UBS, CVS, JPMorgan, Qualcomm, Wall Street, Samsung, Huawei, Edge, headwinds, " Bank of America, Microsoft, Burlington Discount, TJX Companies, Burlington Stores, Burlington Locations: Burlington, Carvana, CY24, seasonality, optionality, Maxx

☆ Americans say they hate tourist traps. They also can't stop visiting them.
▼ + stars: | 2024-05-01 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +4 min

Read preview"I can't wait for my trip to France — I'm planning to visit all the tourist traps! Despite all the negative connotations around "tourist traps," most travelers to a new place can't help but visit the sites that attract a lot of tourists. AdvertisementThere's room for debate over what exactly counts as a tourist trap — can the historic and gorgeous Venice canals really be considered a tourist trap, even with the souvenir vendors and flocks of selfie-taking visitors? Although nearly all respondents acknowledged recently visiting a tourist trap, almost 70% said their visit to a tourist trap diminished their overall enjoyment of their trip. Avoiding so-called tourist traps, or at least spending less time at them, could also help curb the impacts of overtourism.

Persons: —, Notre Dame —, they've, hadn't Organizations: Service, France —, Louvre, Notre Dame, Business, Winchester Mystery House, UFO Museum, Research Center Locations: France, Paris, Venice, Niagara Falls, Moulin Rouge, Iceland, San Francisco, San Jose , California, Roswell , New Mexico

☆ Richard Branson says money isn't a good way to measure success: Focus on this 1 word instead, it's 'all that really matters'
▼ + stars: | 2024-05-01 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +2 min

Richard Branson doesn't want to be defined by his money. Specifically, he finds it "quite insulting" when he is introduced as "the billionaire Richard Branson," rather than as the co-founder of Virgin Group, he tells CNBC Make It. "Maybe in America, 'billionaire' is a sign of success, but that rankles me," says Branson. "Your reputation is [whether] your team of people who work with you are proud of what they've created," Branson says. Financial success has often followed, but Branson is adamant that money has never been his chief motivating force.

Persons: Richard Branson doesn't, Richard Branson, Forbes —, they've, Branson, — Organizations: Virgin Group, CNBC, Branson, Virgin Atlantic, Virgin Mobile Locations: America, Branson, Vietnam

☆ This $119 houseplant is bioengineered to remove harmful air pollution in your home.
▼ + stars: | 2024-04-30 | by ( Ellyn Lapointe | ) www.businessinsider.com time to read: +9 min

Biotech company Neoplants just released the first houseplant grown to reduce indoor air pollution. Neo P1 can remove 30 times more VOC's, harmful indoor pollutants, than a typical houseplant. This week, the France-based biotech company Neoplants released the first houseplant bioengineered to remove harmful chemicals from indoor air. AdvertisementUnpacking the Neo P1 systemThe Neo P1 system comes with a marble queen pothos potted in a specially designed "shell," and a six-month supply of power drops. AdvertisementStriving for sustainabilityEvery part of the Neo P1 air purifying system is manufactured in the US.

Persons: —, you'd, Glenn Morrison, Patrick Torbey, Lionel Mora weren't, Mora, Torbey, Morrison, Neoplants, Jennifer Brophy, " Mora, it's, we'll Organizations: Biotech, Neoplants, Service, American Lung Association, University of North, Business, Stanford University, MIT Tech Locations: France, University of North Carolina, Torbey, VOCs, Neoplants, Paris

Like other governments across the Middle East, Egypt has not been shy about its position on the Israeli-Palestinian conflict. Its denunciations of Israel over the war in Gaza are loud and constant. State media outlets broadcast images of long lines of aid trucks waiting to cross from Egypt into Gaza, spotlighting Egypt’s role as the sole conduit for most of the limited aid entering the besieged territory. Yet at those, too, it detained dozens of people after protesters chanted slogans critical of the government. Now the Gaza war — and what many Arabs see as their own governments’ complicity — has driven an old wedge between rulers and the ruled with new force.

Persons: spotlighting, — Organizations: Hamas Locations: East, Egypt, Israel, Gaza, State, Cairo, United States

☆ Bernie Sanders: From small-town mayor to godfather of the progressive left
▼ + stars: | 2024-04-29 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +6 min

He got his start in government as a small-town mayor, decades before his 2016 and 2020 campaigns. Here's everything to know about the Democratic socialist senator. AdvertisementBernie Sanders is known today as perhaps the most important leader on the American left. In 2020, Sanders ran again, ultimately coming in second to now-President Joe Biden in the primary. Who Sanders is today — and what he's fighting forSince his 2020 campaign, Sanders has assumed a more institutional role in the United States Senate.

Persons: Bernie Sanders, —, Long, Sanders, Chuck Schumer, Donna Light, Douglas Graham, Hillary Clinton, Alexandria Ocasio, Clinton, Joe Biden, Who Sanders, Biden's, — Sanders, He's, Republican Sen, Chuck Grassley, Becca Balint Organizations: Democratic, Service, Democratic Party leftward, James Madison High School, University of Chicago, Liberty Union, Burlington City Hall, Newsday, Getty, Congressional, Senate, Democratic Party, United States Senate, Health, Education, Labor, Pensions, Israel, New York Times, Republican Locations: Vermont, Soviet Union, Brooklyn , New York, Poland, Chicago, Burlington, Burlington —, Alexandria, Cortez, Iowa

☆ Inside the investing strategy of Hunterbrook Capital, the news-driven hedge fund. Can it succeed in a ruthless industry?
▼ + stars: | 2024-04-29 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +6 min

Small team, limited scopeThe hedge fund makes trades based solely on news from Hunterbrook Media, its media sister company, sometimes getting advanced copies of the articles and placing trades before publication. AdvertisementThe hedge fund, however, has just one sole full-time employee. Before a story is published on Hunterbrook Media, the firm's general counsel reviews it to make sure there's not any insider information — such as leaked earning figures — in it. AdvertisementIf the general counsel and the executives green light the story to be shared, then it goes to the hedge fund — in other words, Dunlevie and Horwitz — prepublication. Opportunities few and far between so farInvestigations from Hunterbrook Media so far have less than a 50% hit rate on turning into trades for the hedge fund.

Persons: —, Nate Anderson's Hindenburg, Carl Icahn's, Nathaniel Horwitz, Matt Murray, Paul Steiger, Bethany McLean, That's, Courtney Dunlevie, Horwitz, Sam Koppelman, Brian Koppelman, Dunlevie, Horwitz — prepublication, isn't, It's Horwitz, Matt, Pulitzer, Tony Horwitz, Geraldine Brooks, Cash, Hunterbrook, Marc Lasry, David Fialkow, Matt Cherwin, we're, " Horwitz Organizations: Service, Business, Hunterbrook, Hunterbrook Media, Wall Street, Barclays, Commonstock, Phoenix Suns, Avenue Capital, Catalyst, JPMorgan Locations: Italian, Korean, Brazil

☆ Elon Musk wins official praise for Tesla during surprise visit to China
▼ + stars: | 2024-04-29 | by ( Laura He | ) edition.cnn.com time to read: +5 min

Autopilot is available in China, but not the full FSD feature, which needs to comply with the country’s data security rules. “The economies of China and the United States are deeply integrated,” he said, according to an official readout of the meeting with the Tesla CEO. “Tesla is willing to further deepen cooperation with China and achieve more win-win results,” Musk told Li. Musk first met Li in 2018, when Tesla signed a deal with the Shanghai government to open a plant there. Since then, Musk has met with Li publicly at least five times, according to state media reports and government statements.

Persons: Hong Kong CNN — Elon Musk, Premier Li Qiang, Tesla, Musk, ”, Dan Ives, that’s, Ives, Antony Blinken, Xi Jinping, Li, China’s BYD, “, ” Musk, Tesla’s, Ren Hongbin, Li Qiang Organizations: Hong Kong CNN, Premier, China Association of Auto Manufacturers, Baidu, Bloomberg, CNN, Beijing Auto, EV, Wedbush Securities, China Council, Promotion of International Trade Locations: China, Hong Kong, Beijing, United States, Shanghai, Weibo

☆ Samsung stock: Shares rise after tech firm reports big jump in profit
▼ + stars: | 2024-04-29 | by ( ) edition.cnn.com time to read: +4 min

The upbeat outlook from the world’s largest memory chip maker sent its shares 1.8% higher on Tuesday after it reported a more than 10-fold rise in first-quarter operating profit. Operating profit rose to 6.6 trillion won in January to March, up from 640 billion won a year earlier. It was the company’s highest operating profit since the third quarter of 2022. Samsung’s mobile devices business booked a 3.51 trillion won operating profit in the first quarter, down from 3.94 trillion won a year earlier. Rising costs, including increased memory chip prices, dented margins from its flagship Galaxy S24 smartphones launched during the quarter.

Persons: ” Jaejune Kim, Jeff Kim, ” Kim Organizations: Seoul Reuters, Samsung Electronics, Samsung, SK Hynix’s, Nvidia, SK Hynix, AMD, KB Securities, Apple Locations: Seoul, China

☆ Microsoft and Alphabet just proved AI boom has room to run
▼ + stars: | 2024-04-26 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +3 min

Microsoft and Alphabet reported quarterly earnings that beat Wall Street's expectations. On Thursday, just off the heels of Meta's mixed first-quarter results that caused a dip on Wall Street, Microsoft and Alphabet just proved that there's money to be made off of artificial intelligence. However, the executive also made sure to highlight the contributions of Google Cloud, which now comes with generative AI services through Google's AI model, Gemini. Investors appeared pleased with Microsoft's and Alphabet's quarterly performance, which gave the companies a stock surge, as Wall Street continues to nurse a hangover from Meta's first-quarter report. "They have a goldmine of AI engineers and data, and now they're starting to monetize it," Ives said of Alphabet and Microsoft.

Persons: Wedbush's Dan Ives, —, Meta's, Sundar Pichai, Mercedes, Pichai, Ruth Porat, Satya Nadella's, Nadella, Microsoft's, Dan Ives, Ives Organizations: Microsoft, CNBC, Service, Google, Bayer, Cintas, Mercedes Benz, Walmart

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