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☆ After Ohtani and Kikuchi, Japan high school toasts latest baseball prodigy
▼ + stars: | 2024-03-30 | by ( Hanako Montgomery | ) edition.cnn.com time to read: +4 min

Banners herald Los Angeles Dodgers megastar Shohei Ohtani and Toronto Blue Jays pitcher Yusei Kikuchi, their faces greeting every visitor. But now, Hanamaki Higashi High School celebrates a new prodigy in its midst – one whose high-school records beat even those of Ohtani and Kikuchi. “The presence of legends like Shohei Ohtani and Yusei Kikuchi were a huge factor as to why I got into baseball – I fell in love with the sport,” Sasaki told CNN. Now, with the emergence of three baseball stars from Hanamaki Higashi, Sasaki’s teammates swell with pride at the honor of walking the same corridors. Despite its status as a public school with a modest baseball budget, Hanamaki Higashi has impressively produced three outstanding athletes.

Persons: Shohei, Yusei Kikuchi, Hanamaki, Kikuchi, Rintaro Sasaki doesn’t, ” Sasaki, Sasaki, he’ll, ”, Hiroshi, Ohtani, Shohei Ohtani, “, Taichi Murakami, Hanamaki Higashi, it’s Organizations: Japan CNN —, Los Angeles Dodgers, Toronto Blue Jays, School, baseball, CNN, Stanford University in, Stanford, Los Angeles Angels, Angel, Kyodo, baseball’s, Dodgers, American League Locations: Hanamaki, Japan, Iwate prefecture, Stanford University in California, America, “, Anaheim , California, Higashi, Hanamaki Higashi

☆ Woman Could Have Prevented Great Recession; Ignored by Wall Street Men
▼ + stars: | 2024-03-04 | by ( Josie Cox | ) www.businessinsider.com time to read: +21 min

The story of Brooksley Born is not only the tale of a remarkable regulator whose Cassandra-like warnings — if heeded — could've prevented the great financial crisis from exploding into raging, ruinous enormity. Not long after she assumed chairmanship of the CFTC, Born started to feel a lingering unease with the rapidly expanding derivatives market. So to Rubin, Born was more of an inconvenience than anything, and she certainly wasn't in his club. Not long after, Treasury officials lobbied Congress to pass legislation preventing the CFTC from being able to regulate the OTC derivatives market. In the months and years that followed, it became increasingly hard to deny that the multi-trillion-dollar OTC derivatives market was the root cause of the great financial crisis.

Persons: Lehman Brothers, jolting, — could've, It's, Potter Stewart, Henry Edgerton, Porter, she'd, Bill Clinton, Clinton, Janet Reno, Brooksley, Michael Greenberger, Born, Gibson, weren't, Robert Rubin, Goldman Sachs, Rubin, Michael Hirsh, Alan Greenspan, Greenspan, Ayn Rand, Hirsh ., Hirsh, Greenspan didn't, braggadocian machismo, lauding Rubin, Lawrence Summers, Arthur Levitt, Josie Cox, Levitt, Summers, Jim Leach, Richard Lugar, —, Bethany McLean, Joe Nocera, Bob Rubin, Born's Cassandra, George W, Bush, Lauren Rivera, Christine Lagarde, Lehman, ABRAMS Organizations: Stanford University, Stanford Law School, Stanford, Appeals, District of Columbia Circuit, Arnold, Futures Trading Commission, American, CFTC, Bankers Trust, Procter, Gamble, Sumitomo, Federal Reserve, Fed, Securities and Exchange Commission, Financial Markets, Abrams, Term Capital Management, Enron, SEC, Born, Northwestern's Kellogg School of Management, Financial, International Monetary Fund, Lehman Brothers, Reuters, Street, The Washington Post, Guardian, Abrams Press Locations: California, Vietnam, United States, Washington, America, ABRAMS , New York

☆ How a 25-year-old went from talking to 1,000 strangers in NYC to quitting her finance job and founding a social startup
▼ + stars: | 2024-02-08 | by ( Sydney Bradley | ) www.businessinsider.com time to read: +5 min

"Ultimately, I spent more time home alone doing nothing than ever before," Epstein, CEO of the still-in-beta social networking app Kndrd, told Business Insider. "I spoke to a thousand strangers" — many who also felt a lack of community, companionship, or friendship, she added. But while investors may want to see viral, overnight growth for an app like Kndrd, Epstein hesitates at that strategy. "And that means me reading applications and vetting the community members and making sure that we have people who are the strongest, most high fidelity people." In the future, Kndrd also plans to incorporate AI into its user experience — something on nearly every investor's mind right now.

Persons: Isabella Epstein, Epstein, Kndrd, Tina Mai —, —, Mai aren't, Kndrd cofounders Tina Mai, Devin Kasparian Bootstrapping Organizations: Business, Stanford University, Stanford Locations: New York City, NYC, Mai, Epstein's NYC

☆ Meta and IBM launch alliance advocating 'open science' approach to AI, putting them at odds with rivals like Google and OpenAI
▼ + stars: | 2023-12-05 | by ( Associated Press | ) www.businessinsider.com time to read: +7 min

Meta and IBM have launched an alliance that's calling for an "open science" approach to AI development. Facebook parent Meta and IBM on Tuesday launched a new group called the AI Alliance that's advocating for an "open science" approach to AI development that puts them at odds with rivals Google, Microsoft and ChatGPT-maker OpenAI. AdvertisementPart of the confusion around open-source AI is that despite its name, OpenAI — the company behind ChatGPT and the image-generator DALL-E — builds AI systems that are decidedly closed. An increasingly public debate has emerged over the benefits or dangers of adopting an open-source approach to AI development. Biden's order described open models with the technical name of "dual-use foundation models with widely available weights" and said they needed further study.

Persons: —, they're, That's, Darío Gil, Alliance —, Gil, OpenAI, Ilya Sutskever, there's, David Evan Harris, Harris, Oppenheimer, Camille Carlton, Yann LeCun, LeCun, fearmongering, Chris Padilla, Joe Biden's, Gina Raimondo Organizations: Meta, IBM, Google, Microsoft, Service, Tech, Alliance, Dell, Sony, AMD, Intel, Associated Press, Stanford University, University of California, for Humane Technology, Frontier Model, Windows, Commerce, European Locations: Berkeley

These two diverging camps — the open and the closed — disagree about whether to build AI in a way that makes the underlying technology widely accessible. "So it’s not like a thing that is locked in a barrel and no one knows what they are.”Political Cartoons View All 1277 ImagesWHAT'S OPEN-SOURCE AI? Part of the confusion around open-source AI is that despite its name, OpenAI — the company behind ChatGPT and the image-generator DALL-E — builds AI systems that are decidedly closed. An increasingly public debate has emerged over the benefits or dangers of adopting an open-source approach to AI development. Weights are numerical parameters that influence how an AI model performs.

Persons: they’re, That's, ”, Darío Gil, Alliance —, ” Gil, OpenAI, Ilya Sutskever, there's, David Evan Harris, Harris, “, Oppenheimer ’, Camille Carlton, Yann LeCun, LeCun, fearmongering, ” LeCun, Chris Padilla, Joe Biden's, Gina Raimondo Organizations: Tech, Meta, IBM, Alliance, Google, Microsoft, Dell, Sony, AMD, Intel, Associated Press, Stanford University, University of California, for Humane Technology, Frontier Model, Windows, Commerce, European Locations: Berkeley

The tech giant said Tuesday it will launch Q — a business chatbot powered by generative artificial intelligence. San Francisco startup OpenAI’s release of ChatGPT a year ago sparked a surge of public and business interest in generative AI tools that can spit out emails, marketing pitches, essays, and other passages of text that resemble the work of humans. Amazon said Tuesday that Q can do things like synthesize content, streamline day-to-day communications and help employees with tasks like generating blog posts. It said companies can also connect Q to their own data and systems to get a tailored experience that's more relevant to their business. While Amazon is ahead of rivals Microsoft and Google as the dominant cloud computing provider, it’s not perceived as the leader in the AI research that’s led to advancements in generative AI.

Persons: who’ve, they’ve, it’s, that’s, Amazon Organizations: Microsoft, Google, Amazon, Stanford University, Stanford, OpenAI Locations: Las Vegas, Francisco, ChatGPT, San Francisco

☆ Exclusive: This pizza box-sized equipment could be key to Ukraine keeping the lights on this winter
▼ + stars: | 2023-11-21 | by ( Sean Lyngaas | ) edition.cnn.com time to read: +10 min

Officials from multiple US agencies played a quiet role in getting the Cisco equipment into Ukraine, sources say. In this undated photo, an employee at Ukraine’s state-owned grid operator, Ukrenergo, works on the power grid. As the world’s largest maker of computer networking equipment, Cisco had resources to spare. The switch allows an electric substation – which has the crucial task of converting power from high to low voltage – to communicate with other parts of a power grid. Years of Russian attacks on Ukraine’s gridBehind the scenes, US officials are often coordinating the delivery of key technology to Ukraine.

Persons: CNN —, Illia Vitiuk, Biden, Palantir, Ukrenergo, Joe Marshall, intently, Marshall, he’d, ”, ” Marshall, Taras Vasyliv, ” Vasyliv, Andrew Kravchenko, Vasyliv, Ukraine “, ” NERC Organizations: CNN, Engineers, Cisco, US Air Force, Washington, SpaceX, Microsoft, Pentagon, Department of Energy, Department of Commerce, Stanford University, GPS, Cisco’s, Ukrenergo, Bloomberg, Getty, GRU, US Department of Defense, Department of Homeland Security, Department of Locations: Austin , Texas, Ukraine, Russian, Stanford, Russia, Ukrainian, Denver, Ukraine’s, Kyiv, Silicon Valley, Alabama, East Coast, Germany, Rzeszów, Poland, California, ”, North America

Located just north of Miami Beach, the Shul of Bal Harbour is in the heart of South Florida's Jewish community. If Florida is to regain its status as a perennially competitive state, how Jewish voters perceive Biden's handling of the Israel-Hamas war will be critical. In South Florida, rabbis and community leaders are pushing their congregations to call their lawmakers and insist they back Israel as it ramps up its offensive. About 43% of Florida's Jewish voters supported Donald Trump in the 2020 presidential election, compared with 30% of Jewish voters who supported him nationwide, according to AP VoteCast. Ron DeSantis won 45% of Jewish voters in his re-election, when he flipped traditionally Democratic Miami-Dade County while also winning a majority of Latino voters statewide.

Persons: Ron DeSantis, Joe Biden's, ”, Georg Lipsztein, Donald Trump, he’s, Debbie Wasserman Schultz, Biden, “ I’ve, Israel, Eric, Jacob Solomon, “, Lauren Book, Rabbi Andrew Jacobs, ” Jacobs, Julio Frenk, Nicole Segal Organizations: Florida Gov, Republican, Gaza, Democratic, Miami, U.S, Rep, GOP, Florida International University, East Institute, AP VoteCast ., AP VoteCast . Florida Gov, Democratic Miami, Brandeis University, Greater Miami Jewish Federation, Israel Zionist, Florida State Senate, Associated Press, Stanford University, Cornell University, University of Miami, Israel Locations: SURFSIDE, Florida, Miami Beach, Bal Harbour, South, Israel, South Florida, DeSantis, Dade County, Fort Lauderdale, Michigan, Gaza, Washington, AP VoteCast . Florida, Miami’s, Pompano Beach, Central, South America, U.S, North America, Ramat, United States, California, New York

☆ NASA missions spy celestial features that resemble a ghostly hand and eerie face
▼ + stars: | 2023-10-31 | by ( Ashley Strickland | ) edition.cnn.com time to read: +3 min

CNN —The cosmos is full of mysteries waiting to be solved, and some of them appear especially eerie with the arrival of Halloween. A haunting “face” on Jupiter and a ghostly, skeletal hand-shaped nebula are just a couple of creepy celestial features recently spotted by NASA missions. Jupiter's swirling atmosphere appears to include a face in this image taken by JunoCam. The nebula, known as MSH 15-52, is located about 16,000 light-years from Earth. NASA’s Chandra X-ray Observatory observed the pulsar, known as PSR B1509-58, for the first time in 2001.

Persons: Vladimir Tarasov, Juno, Wilhelm Röntgen, Chandra, ’ ”, Roger Romani Organizations: CNN, NASA, JunoCam, JPL, Caltech, Astrophysical, Stanford University in Locations: —, Stanford University in California

☆ Silicon Valley CEO gets 8-year prison sentence in case over blood-testing company that gives off Elizabeth Holmes-Theranos vibes
▼ + stars: | 2023-10-19 | by ( Associated Press | Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

The CEO of medical testing company Arrayit was sentenced to 8 years in prison on Wednesday. Schena's case is similar to Elizabeth Holmes', who was sentenced to prison for defrauding investors in Theranos. 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 . In meetings with investors, Schena claimed he was on the shortlist for the Nobel Prize and falsely represented that Arrayit could be valued at $4.5 billion, prosecutors said.

Persons: Arrayit, Elizabeth Holmes, —, Mark Schena, Schena, Holmes, State Henry Kissinger, George Shultz, Richard Kovacevich, William H, Foege, San Organizations: Service, US Department of Justice, Arrayit Corporation, Stanford University, SEC, State, Wells, Centers for Disease Control Locations: Theranos, Sunnyvale , California, San Jose , California, Texas

Mark Schena, 60, was convicted last year of paying bribes to doctors and defrauding the government after his company billed Medicare $77 million for fraudulent COVID-19 and allergy tests, the U.S. Department of Justice said in a statement. Schena claimed his Sunnyvale, California-based company, Arrayit Corporation, had the only laboratory in the world that offered “revolutionary microarray technology” that allowed it to test for allergies and COVID-19 with the same finger-stick test kit, prosecutors said. In meetings with investors, Schena claimed he was on the shortlist for the Nobel Prize and falsely represented that Arrayit could be valued at $4.5 billion, prosecutors said. Holmes was convicted on four felony counts of investor fraud following a nearly four-month trial in the same San Jose, California, courtroom where Schena’s trial was held. In May, Holmes entered a Texas prison where she could spend the next 11 years.

Persons: Mark Schena, Schena, Elizabeth Holmes, Holmes, San Organizations: JOSE, Calif, U.S . Department of Justice, Arrayit Corporation, Stanford University Locations: Sunnyvale , California, San Jose , California, Texas

Underwood Archives/Getty Images Feinstein gets her makeup touched up for a photo shoot in San Francisco in 1955. Bettmann Archive/Getty Images Feinstein attends a campaign event for her mayoral run in San Francisco in 1971. Clem Albers/San Francisco Chronicle/Getty Images Feinstein attends a memorial service for assassinated Supervisor Harvey Milk in San Francisco in 1978. Roger Ressmeyer/CORBIS/VCG/Getty Images Feinstein speaks at the signing of an anti-gun bill at San Francisco City Hall in 1982. Douglas Graham/CQ Roll Call/Getty Images Feinstein greets first lady Hillary Clinton at the 2000 Democratic National Convention in Los Angeles.

Persons: Washington CNN — Dianne Feinstein, Feinstein, Gavin Newsom, Newsom, NBC’s “, ”, Feinstein’s, Ramsay Hunt, I’m, “, ” Feinstein, Lindsey Graham, Amy Coney Barrett, Leah Millis, Nancy Pelosi, Democratic Sen, Dick Durbin, Kevin McCarthy, Chuck Schumer, “ Dianne Feinstein, ” Schumer, Sen, Dianne Feinstein, Joe Biden, Celeste Sloman, Dianne Emiel Goldman, George Moscone, Harvey Milk, Duke Downey, Clem Albers, Janet Fries, Quentin Kopp, Sal Veder, Richard Blum, Walter Mondale, Georges, Roger Ressmeyer, Steve Ringman, Tony Bennett, Jeff Reinking, Neal Ulevich, Bishop Desmond Tutu, Eric Risberg, Willie Brown, Cecil Williams, Dr, Martin Luther King Jr, Paul Sakuma, Kim Komenich, Mark Reinstein, Barbara Boxer, Alan Greth, Ruth Bader Ginsburg, Carol Moseley, Braun, Doug Mills, Charles Tasnadi, Kathleen Brown, Bill Clinton, Dirck Halstead, Lisa Leslie, Gigi Goshko, Douglas Graham, Hillary Clinton, Clinton, Paul J, Richards, Orrin Hatch, Patrick J, Leahy, William H, Pryor Jr, Scott J, Ferrell, Arnold Schwarzenegger, Schwarzenegger, Tim Sloan, Rick Friedman, Condoleezza Rice, George W, Bush, Colin Powell, Chuck Kennedy, John Roberts, Mark Wilson, Eileen Mariano, Mariano, interning, Tom Williams, Carson, Jay L, Barack Obama, Ralf, Finn Hestoft, Hina Rabbani Khar, Brendan Smialowski, Jacquelyn Martin, AP Sen, Chuck Grassley, Christine Blasey Ford, Brett M, Kavanaugh, Ford, Donald Trump, Chip Somodevilla, Barrett, Bonnie Cash, Graham, Samuel Corum, Jonathan Ernst, Simone Biles, Larry Nassar, Aly Raisman, Maggie Nichols, McKayla Maroney, Bob Dole, Oliver Contreras, Kent Nishimura, Kevin Dietsch, Dianne Feinstein's, Moscone, Milk, CNN’s Dana Bash, Dan White, ‘ Dan, ’, Harvey, California’s, Bash, Richard Blumenthal, Bill Clark, Annette Bening, Donald Trump’s, South Carolina Republican Lindsey Graham’s Organizations: Washington CNN, Senate, California Democratic, Democratic, Press, Democrats, Democratic Party, Capitol, Senate Intelligence, California Democrat, Capitol Hill, CNN, Golden State ”, Illinois, Republican, New York Times, Underwood Archives, Getty, San Francisco City Hall, San Francisco, of Supervisors, Bettmann, San Francisco Chronicle, San Francisco Ice Company, White, Steiner, Forbidden, Democratic National Convention, United States Senate, United, United States women's, team, Convention, Washington Post, Circuit, Images California, McClatchy, Tribune, Service, Supreme, California, Rancho, Pakistan's, AP, Committee, White House, Los Angeles Times, Stanford University, San, Supervisors, Administration Committee, federal, Inc, South Carolina Republican, Judiciary, Intelligence, Appropriations Locations: Washington, California, San Francisco, America, ” San Francisco, Washington , DC, DC, Forbidden City, Beijing, China, Feinstein , California, Los Angeles, United States, New York, AFP, Boston, Rancho Bernardo, San Diego, San Francisco , California, Maryland, San Francisco County, Richard Blumenthal of Connecticut

☆ Victor R. Fuchs, ‘Dean’ of American Health Care Economists, Dies at 99
▼ + stars: | 2023-09-21 | by ( Clay Risen | More About Clay Risen | ) www.nytimes.com time to read: +1 min

Victor R. Fuchs, whose comprehensive grasp of the challenges facing the United States health care system, and eloquence in explaining those challenges to policymakers and the general public, made him what many called the “dean” of American health care economists, died on Saturday at his home on the campus of Stanford University in Palo Alto, Calif. Dr. Fuchs was best known for a slim, erudite book published in 1975 with the attention-grabbing title “Who Shall Live? Health, Economics and Social Choice.” He was among the first to articulate in clear, layman’s prose why the United States was in the midst of rapidly rising health care costs, while costs in other countries stayed manageable. The book has become required reading among physicians, health economists and anyone interested in the knotty issue of American health care, and it has never been out of print. Dr. Fuchs showed that the real problem facing the country was not health care coverage but health care costs; America, he wrote, was spending more and more without achieving better health outcomes.

Persons: Victor R, Fuchs, Fred Organizations: Stanford University, Health Locations: United States, Palo Alto, Calif, America

☆ Stanford University says it will return the 'entirety' of millions of dollars in gifts it received from bankrupt crypto firm FTX
▼ + stars: | 2023-09-20 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Stanford University has said it plans to return millions of dollars in gifts it received from FTX. According to a lawsuit, the university received $5.5 million from the now-bankrupt crypto firm. Co-founder Sam Bankman-Fried's parents both held teaching roles at the prestigious California university. A spokesperson for Stanford University responded to the lawsuit in an emailed statement to Bloomberg: "Stanford received gifts from the FTX Foundation and FTX-related companies largely for pandemic-related prevention and research." AdvertisementAdvertisementInsider contacted Stanford University for comment but did not immediately hear back outside of regular working hours

Persons: Sam Bankman, — Allan Joseph Bankman, Barbara Fried, Bankman, Stanford, Fried Organizations: Stanford University, Service, Bloomberg News, CNN, Stanford, FTX Group, Bloomberg, FTX Foundation, FTX, Alameda Research Locations: FTX, California, Wall, Silicon, Bahamas, Brooklyn

☆ Sam Bankman-Fried's dad emailed his son that he didn't know 'what to say' after finding he'd be paid $200,000 instead of $1 million by FTX — then looped in SBF's mom, lawsuit claims
▼ + stars: | 2023-09-20 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Sam Bankman-Fried's dad was not happy about his $200,000 salary at now-bankrupt crypto firm FTX, a lawsuit claims. In emails cited in the lawsuit, Joseph Bankman said he believed he would be paid $1 million by FTX. He then looped in Barbara Fried, his partner and Bankman-Fried's mom. Bankman and Fried enjoyed the benefits of more than $90,000 in expenses, paid for by FTX Trading, for their Bahamas residence." FTX group and Bankman-Fried's trading firm Alameda Research filed for bankruptcy in November 2022 with the founder stepping down from his role as CEO.

Persons: Sam Bankman, Joseph Bankman, Barbara Fried, FTX, Bankman, Fried, Gee, Sam, Barbara, Sean Heckler, Michael Tremonte, Joe Organizations: FTX, Service, Alameda Ltd, Stanford University, Alameda Research Locations: Wall, Silicon, FTX, Alameda, Bahamas

FTX entered bankruptcy in November when the global exchange ran out of money after the equivalent of a bank run. Several other former FTX executives have pleaded guilty to fraud and conspiracy charges and are cooperating with investigators. The scheme involved Bankman-Fried receiving a loan from Alameda, then transferring the money to his parents. According to FEC records, Singh contributed roughly $9.7 million in 2022 and in late 2020 to various candidates and committees. The judge revoked Bankman-Fried’s bail last month after finding probable cause that he had tampered with witnesses.

Persons: Sam Bankman, ”, Allan Joseph Bankman, Barbara Fried, FTX, Fried, Bankman, ’, “ Bankman, John Ray III, Joe, Barbara, Ray, “ Fried, Nishad Singh, ” Singh, Singh, Ryan Salame Organizations: —, FTX, Stanford University, Alameda Research, Stanford, FTX Group, Bankman, FEC, FTX Digital Markets Locations: Del, Bahamas, Delaware, Manhattan, Alameda, FTX

☆ Sam Bankman-Fried's parents are accused of siphoning millions of dollars from FTX
▼ + stars: | 2023-09-19 | by ( Will Gendron | Associated Press | ) www.businessinsider.com time to read: +5 min

The fallout of FTX's implosion continues, with Sam Bankman-Fried's parents now facing a lawsuit. Barbara Fried and Allan Joseph Bankman were accused of siphoning millions of dollars from the firm. FTX entered bankruptcy in November when the global exchange ran out of money after the equivalent of a bank run. "And together, Bankman and Fried siphoned millions of dollars out of the FTX Group for their own personal benefit and their chosen pet causes." Mr. Ray and his massive team of lawyers, who are collectively running up countless millions of dollars in fees while returning relatively little to FTX clients, know better."

Persons: Sam Bankman, Barbara Fried, Allan Joseph Bankman, SBF's, FTX, Fried, Bankman, John Ray III, Joe, Barbara, Ray Organizations: Service, FTX, Stanford University, Alameda Research, Stanford, FTX Group, Bankman Locations: Wall, Silicon, Bahamas, Delaware, Manhattan, Alameda, FTX, Brooklyn

☆ 28-year-old's side hustle makes up to $113,500 per year—and it only costs $50 to start
▼ + stars: | 2023-08-30 | by ( Megan Sauer | ) www.cnbc.com time to read: +6 min

It was 2017 and Osborne realized he could get paid to advise high school seniors on their college admissions essays. He went back to that mentor for help getting the side hustle off the ground. The upside: The side hustle costs almost nothing to start, he says. Here, Osborne details how he started and maintains his six-figure side hustle:CNBC Make It: Do you think your side hustle is replicable? How do you help students improve their essays without making it yours?

Persons: they've, Carter Osborne, Osborne, There's, you've, who's, I'm, I'd, Warren Buffett Organizations: CNBC, Stanford University Locations: Seattle , Washington

☆ Intel says new 'Sierra Forest' chip to more than double power efficiency
▼ + stars: | 2023-08-28 | by ( Stephen Nellis | ) www.reuters.com time to read: +2 min

At a semiconductor technology conference held at Stanford University in Silicon Valley, Intel said its "Sierra Forest" chip will have 240% better performance per watt than its current generation of data center chip, the first time the company has disclosed such figures. That has pushed chip companies to focus on how to get more computing work done per chip. Ampere Computing, a startup founded by ex-Intel executives, was first to market with a chip focused on handling cloud computing work efficiently. Intel, which has lost market share to AMD and Ampere in data centers, said on Monday its "Sierra Forest" chip is on track to arrive next year. The company is for the first time splitting its data center chips into two categories: A "Granite Rapids" chip that will focus on performance but consume more power, and the more efficient "Sierra Forest" chip.

Persons: Dado Ruvic, Singhal, Stephen Nellis, Bill Berkrot Organizations: REUTERS, Intel, Stanford University, Ampere Computing, Devices, AMD, Ampere, Thomson Locations: Silicon Valley, San Francisco

☆ AI is going to eliminate way more jobs than anyone realizes
▼ + stars: | 2023-08-14 | by ( Emil Skandul | ) www.businessinsider.com time to read: +16 min

We didn't see the internet coming, but AI is within viewThe adoption of groundbreaking technology is often hard to predict. The World Economic Forum estimated 83 million jobs worldwide would be lost over the next five years because of AI, with 69 million jobs created — that leaves 14 million jobs that will cease to exist during that timeframe. In the US, the knowledge-worker class is estimated to be nearly 100 million workers, one out of three Americans. The small and large compounding effects of productivity growth across many industries are central to the growth trajectory and the long-run effects of AI. This is an alarmingly trivial amount for an economy of $25 trillion GDP and over 150 million workers.

Persons: Goldman Sachs, Joseph Schumpeter, Bill Gates, David Letterman, Paul Krugman, Erik Brynjolfsson, —, Brynjolfsson, Robert Solow, Robert Gordon, provocatively, It's, Gordon, David Autor, Maria Flynn, Flynn, –, Georgia –, Emil Skandul, Tony Blair Organizations: McKinsey, Newsweek, Stanford University, Microsoft, Amazon, Cisco, Economic, International Labor Organization, Organization for Economic Co, Development, MIT, Congressional, Office, Department of Labor, Tony Blair Institute Locations: Washington, Singapore, New York, Georgia

☆ How water-bottle fill stations can impact children’s health, according to a new study
▼ + stars: | 2023-08-10 | by ( Madeline Holcombe | ) edition.cnn.com time to read: +4 min

CNN —Making water more accessible to kids leads to an increase in hydration and a decrease in children being overweight, according to a new study. The study, published Monday in the journal Pediatrics, included more than 1,200 students across 18 schools in California’s Bay Area. Half of the schools were gifted water dispensers in the cafeteria and water-bottle filling stations in areas of high traffic, Patel said. “I always tell people, drink water first — as that will reduce a person’s thirst and likelihood that they will drink sugary drinks. “If we really care about kids’ health, we won’t give them health information with a side of body shame, because we know weight stigma hurts kids’ health,” Hanson said.

Persons: ”, Anisha Patel, Patel, “, Asher Rosinger, Rosinger, Oona Hanson, Hanson, ” Hanson Organizations: CNN, Pediatrics, Stanford University in, Health, Nutrition, Pennsylvania State University Locations: California’s Bay, Stanford University in California, Los Angeles

☆ 28-year-old self-made billionaire started his self-driving car company in his parents' garage—now he's worth $1.6 billion
▼ + stars: | 2023-07-24 | by ( Ashton Jackson | ) www.cnbc.com time to read: +4 min

When Austin Russell was a 17-year-old high school student, he founded Luminar Technologies, which makes laser sensors that can help self-driving cars detect nearby objects. Now 28, Russell is the world's youngest self-made billionaire, according to Forbes, as Luminar competes with major companies like Tesla and Alphabet's Waymo. But self-driving cars aren't exactly commonplace on American roads, meaning Russell and Luminar have a lot of work ahead of them, despite their lofty valuations. How it differs from Tesla's approachElon Musk's Tesla also seeks to popularize self-driving cars, and Musk's approach to the technology is entirely different. Lidar could potentially change that, Russell says: Cameras can be helpful "for certain use cases," but lidar is "a huge step forward."

Persons: Austin Russell, Russell, Waymo, —, Luminar, Elon Musk's Tesla, Mario Herger, Herger, Tesla Organizations: Luminar Technologies, CNBC, Forbes, Benz, Volvo, Stanford University, Thiel, Washington Post Locations: Orlando , Florida, U.S

☆ The world's youngest self-made billionaire 'absolutely' recommends dropping out of college to make money instead—here’s why
▼ + stars: | 2023-06-30 | by ( Ashton Jackson | ) www.cnbc.com time to read: +1 min

That's according to Austin Russell, the world's youngest self-made billionaire, who dropped out of Stanford University in 2012 to start his company, Luminar Technologies, after receiving a $100,000 grant from the Peter Thiel Fellowship. CNBC Make It asked Russell, 28, if he'd recommend other student entrepreneurs to drop out. "It's just sort of the traditional approach around what you do and what you're supposed to do." What's more, he says he would have still left Stanford even if he hadn't received funding. "If you're wondering if I would have dropped out [without the grant], yeah.

Persons: Austin Russell, Peter Thiel, Russell, he'd, hadn't Organizations: Stanford University, Luminar Technologies, Peter Thiel Fellowship, CNBC, Stanford

☆ Instagram algorithms promote accounts that share child sex abuse content, researchers find
▼ + stars: | 2023-06-08 | 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 EmailInstagram algorithms promote accounts that share child sex abuse content, researchers findAlex Stamos, Director of the Stanford University Internet Observatory and former Facebook chief security officer, joins 'Squawk Box' to discuss an investigation by university researchers and The Wall Street Journal on how Instagram’s algorithms connect and promote accounts that facilitate and sell child sexual abuse material.

Persons: Alex Stamos Organizations: Stanford University Internet Observatory, Facebook

☆ Peru's Toledo returns home to join two other former heads of state in jail
▼ + stars: | 2023-04-23 | by ( ) www.reuters.com time to read: +2 min

[1/2] Peru's former President Alejandro Toledo walks with others after his arrival at the airport following his extradition to Peru, in Callao, Peru April 23, 2023. Toledo, president between 2001 and 2006, turned himself in on Friday for extradition. They have requested a 20-year prison sentence. Toledo, an economist by profession and with a doctorate from Stanford University in the United States, became the second former Peruvian president to be extradited. Fujimori was extradited from Chile and is serving a 25-year prison sentence for human rights abuses.

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