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☆ Chasing after a chief AI officer may be a big mistake, says top tech recruiter
▼ + stars: | 2024-05-03 | by ( Susan Caminiti | ) www.cnbc.com time to read: +5 min

As companies race to deploy artificial intelligence in ways that aim to make them better at operating, hiring, and competing, they're also chasing after top AI talent, including filling the position of chief AI officer. A lot of these companies, Doonan said, "can't really articulate what they want, why they want it, and what are the outcomes that they're looking for." "All I could think is that you could change the word 'cowbell' to 'AI,'" Doonan said. Without that understanding, Doonan said companies are going to hire "somebody really senior and they're going to be doing [data] clean-up for the next two years. Of course, that hasn't stopped companies from wanting to add a chief AI officer to their ranks.

Persons: they're, Mike Doonan, Doonan, CNBC's, Jon Fortt, Christopher Walken, that's, hasn't, LinkedIn's, I've Organizations: CNBC Technology, Alteryx's Enterprise

☆ 'Fallout' will take viewers back to the wasteland for season 2. Here's everything we know.
▼ + stars: | 2024-05-02 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +6 min

Here's what to know about "Fallout" season two. It seems likely 'Fallout' season 2 will visit a classic location from a beloved gameNew Vegas in Amazon's "Fallout." HOLYSHIT HOLYSHIT HOLYSHIT HOLYSHIT HOLYSHIT HOLYSHIT HOLYSHIT HOLYSHIT HOLYSHIT THAT ENDING OH MY GOD MY EXCITEMENT LEVELS ARE THROUGH THE ROOF AFTER THAT ENDING #Fallout — Glassman044 (@glassman044) April 21, 2024When speaking to Business Insider ahead of "Fallout" season one, showrunner Graham Wagner said that there's a lot the makers didn't do in the series (like introducing a deathclaw) in the hopes that they got a second season. If Amazon gets the cameras rolling this year, it's possible "Fallout" season two might arrive on the streamer in early 2026. AdvertisementAaron Moten, Walton Goggins, and Ella Purnell will return for 'Fallout' season 2Aaron Moten as Maximus, Walton Goggins as The Ghoul, Ella Purnell as Lucy in "Fallout."

Persons: —, Lucy MacLean, Ella Purnell, Hank MacLean, Kyle MacLachlan, Lucy, it's, Hank, he's, Maximus, Aaron Moten, Graham Wagner, irrefutably, Wagner, Walton Goggins, Walton, MacLachlan, — Eammon Jacobs, Sarita Choudhury, Norm, Moisés Arias, Will Thaddeus, Johnny Pemberton Organizations: Amazon, Service, New Vegas Locations: Amazon's, Vegas, New Vegas

☆ 'Fallout' ending explained: The finale hints at who started the apocalypse and teases a return to a fan-favorite location
▼ + stars: | 2024-04-11 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +3 min

Amazon's '"Fallout" takes place after a nuclear war has ravaged the world. The end of "Fallout" also teases a return to a fan-favorite game in the series. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFrances Turner as Barb Howard in "Fallout." Regardless of what lies ahead for Hank in the "Fallout" series, seeing the futuristic version of Sin City is a tantalizing possibility.

Persons: —, Jonathan Nolan, Lucy MacLean, Ella Purnell, he's, Cooper Howard, Walton, Barb Howard, Frances Turner, Lee Moldaver, Sarita Choudhury, Cooper, Barb, Hank MacLean, Kyle MacLachlan, Rafi Silver, Hank Organizations: Service, Bethesda SoftWorks, Interplay, Tec, RobCo Industries Locations: postapocalyptic America, Vegas . New Vegas, Amazon's, Vegas, Sin

☆ Inside Smashmallow, Silicon Valley's Failed Marshmallow Startup
▼ + stars: | 2024-03-03 | by ( Adam Rogers | ) www.businessinsider.com time to read: +20 min

"We wanted a marshmallow to have a little bite to it, not just be a foamy air," he says. Jon Sebastiani, Smashmallow founderSmashmallow had a killer brand — but the product was still basically being made one batch at a time, on kitchen counters. If Smashmallow couldn't produce enough marshmallows, Tanis wouldn't get its dough. The thing is, even though Smashmallow failed, Sebastiani didn't. "In that industry, a snackable marshmallow is a Smashmallow, like a copy machine is a Xerox," says Kwasniewski.

Persons: Jon Sebastiani, Sebastiani, Krave, jonesing, marshmallows, Liam Eisenberg, aerated, Cook, Jens Hoj, Hoj, Smashmallow, he'd, It's, Theranos, wasn't, Elizabeth Holmes, Tanis, Wolfgang Confectioners, Smashmallow Smashmallow, Wolfgang, Tanis wouldn't, Smashmallow couldn't, Richard Hartel, Sebastiani didn't, David Kwasniewski, Kwasniewski, Smashmallows, it's, Adam Rogers Organizations: Hershey, Michelin, BI, Kraft, Target, Walmart, Doumak, Workers, University of Wisconsin, Area, Xerox, marshmallows, Business Locations: Paris, California, Sonoma, Hershey, Silicon Valley, Los Angeles, Hobart, Chicago, Las Vegas, Netherlands, Tanis, Pennsylvania, America, Sonoma Capital, Smashmallow, Santa Rosa, San Francisco, Colorado, North America

☆ For Microsoft and OpenAI, after a year in the 'hype cycle,' the Copilot corporate spending boom is just getting started
▼ + stars: | 2023-12-20 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +9 min

While another third (32%) said they have not made the spending decision, only 13% said they would not be acquiring similar gen AI capabilities. Microsoft has pointed to customers including Visa, BP, Honda and Pfizer using Copilot, and professional services firm partners on Copilot AI including Accenture, EY, KPMG, and PwC. And even amid the hype, it's important to keep in mind that as gen AI spending grows, it is still dwarfed by companies' cybersecurity budget needs. That means roughly $5 will be spent on security for every dollar spent on gen AI. But it's growing, and for now at least, when it comes to the billions in gen AI spending, Microsoft is in the pole position.

Persons: Dan Ives, Google Bard, Satya Nadella, Sam Altman, Altman, Jason Wong, Wong, Joe Atkinson, That's, Copilot, It's, Gartner, it's, Will, John Lovelock Organizations: Microsoft, Wedbush Securities, " Enterprises, Google, CNBC Technology, Survey, Gartner, Visa, BP, Honda, Pfizer, Accenture, EY, KPMG, CNBC, CNBC TEC, SAP, Adobe, Amazon Web, Meta, SharePoint Locations: San Francisco , California, U.S, Copilot, Salesforce, that's

☆ Mexico's Samuel Garcia pulls out of 2024 presidential race
▼ + stars: | 2023-12-02 | by ( ) www.reuters.com time to read: +2 min

Governor of Nuevo Leon state Samuel Garcia poses for a picture with students as he arrives at an event of school equipment delivery at the Prepa Tec high school, in Monterrey, Mexico April 25, 2023. REUTERS/Daniel Becerril/File Photo Acquire Licensing RightsMEXICO CITY, Dec 2 (Reuters) - Samuel Garcia, one of the two main opposition hopefuls competing in Mexico's 2024 presidential election, has withdrawn from the contest to return to his post as governor of the northern state of Nuevo Leon, his party said on Saturday. "I have decided to not participate in the electoral race for President of the Republic," the 35-year-old Garcia said in a statement from the Nuevo Leon government made public by his center-left Citizens' Movement (MC) party. Garcia then became embroiled in a dispute about who would replace him in Nuevo Leon, where his political opponents control the state legislature, which votes in the interim governor. Recent opinion polls have given Garcia around 10% support in the presidential race, putting him behind Xochitl Galvez, candidate of the main opposition alliance.

Persons: Samuel Garcia, Daniel Becerril, Garcia, Luis Enrique Orozco, Garcia's, Orozco, Xochitl Galvez, Mexico City Mayor Claudia Sheinbaum, MORENA, Dante Delgado, Dave Graham, Adriana Barrera, Nick Zieminski Organizations: Tec, REUTERS, MEXICO CITY, Nuevo, ' Movement, Regeneration, Mexico City Mayor, Thomson Locations: Nuevo Leon, Monterrey, Mexico, MEXICO, Republic

☆ How Bill Nye, ‘The Science Guy’ educated Google Bard on how AI can help save the world
▼ + stars: | 2023-10-29 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +3 min

You may not know this, but Bill Nye, "The Science Guy," has professional experience overseeing new and potentially dangerous innovations. Still, computer science is not the skill that Nye thinks is the most important for students to learn. We don't want a smaller and smaller fraction of people understanding a more complex world," Nye said. During the conversation with CNBC's Tyler Mathisen at the TEC Summit on AI, CNBC surprised Nye with a series of questions that came from a prompt given to the Google generative AI Bard: What should we ask Bill Nye about AI? Watch the video above to see all of Bill Nye's answers to the AI about how it can help save the world.

Persons: Bill Nye, Guy, Nye, CNBC's Tyler Mathisen, Bard, —, Bill Nye's Organizations: Boeing, CNBC Technology, Summit, TEC, CNBC Locations: New York City

"I will match your offer and commit today to open an office," Saudi Investment Minister Khalid Al Falih said after India's trade minister Piyush Goyal invited Saudi Arabia to set up an office of its sovereign wealth fund, Public Investment Fund (PIF), in GIFT City. Goyal also said he would suggest that his ministry starts an investment promotion office in Riyadh. During the Crown Prince's visit India and Saudi Arabia signed 50 initial pacts in various fields and agreed to form a joint task force for $100 billion in Saudi investment in India, originally announced by the Crown Prince in 2019. Half of the planned $100 billion is earmarked for a delayed refinery project along India's western coast, an Indian foreign ministry official said. He said Saudi Arabia is looking to invest in sectors including oil, gas, petrochemicals, new energy, technology, manufacturing and defence.

Persons: Amit Dave, Narendra Modi, Khalid Al Falih, Piyush Goyal, Prince Mohammed bin Salman's, Goyal, Crown Prince, Falih, Shivangi Acharya, Nidhi Verma, Blassy Boben, Ed Osmond, Susan Fenton Organizations: Gujarat International Finance Tec, REUTERS, Indian, Saudi Investment, Public Investment Fund, Crown, United Arab Emirates, Saudi Aramco, Thomson Locations: Gujarat, Gandhinagar, DELHI, Saudi Arabia, New Delhi, Dubai, Hong Kong, City, Falih, Delhi, Saudi, Riyadh, India, Indian, Maharashtra

☆ With A.I., top CFOs are more likely to see it as a job destroyer
▼ + stars: | 2023-06-30 | by ( Ian Thomas | ) www.cnbc.com time to read: +3 min

But given the choice of potential futures, just 18% of CFOs say they see AI as a job creator. But given the same choice as CFOs making the financial and cost decisions for companies, tech executives are the ones more likely to have an optimistic view. Another 18% said their firms are planning no new AI investments. For tech executives, AI is the clear priority. "My first reaction was one of horror," Higgins said of the 18% of CFO respondents who said their firms are planning no new AI investments.

Persons: CFOs, Matt Higgins, CNBC's, Higgins Organizations: Workers, CNBC, SurveyMonkey, CNBC Technology, RSE Ventures

"It's hard to think of an area that this couldn't help," said Diogo Rau, Eli Lilly chief information and digital officer. He said Lilly already is using generative AI to write patient safety reports and clinical narratives, and ultimately, it will play a role in drug discovery. One of the most anticipated uses for generative AI is in customer relationship management, and that is happening at more companies. Others noted their firms are in the early days of rolling out code generation tools using gen AI, as well as AI "co-pilots" across many roles, and using generative AI to help make investment decisions. Generative AI could enable a more customized and pro-security posture for organizations," he said.

Persons: OpenAI, Diogo Rau, Eli Lilly, Lilly, Rau, Eddie Fox, It's, Fox, Nicole Coughlin, Cybersecurity, ransomware, Jim Richberg, Richberg, Joe Levy, Sophos, it's, Levy Organizations: CNBC, Nvidia, Google, Microsoft, TEC, CNBC Technology, Epic, AIs Locations: Cary , North Carolina, Fortinet

☆ From Titanic tours to space exploration: extreme tourism is on the rise
▼ + stars: | 2023-06-21 | by ( ) www.reuters.com time to read: +3 min

[1/2] Kukenan (L) and Roraima mounts are seen from the Tec Camp, near Venezuela's border with Brazil January 14, 2015. REUTERS/Carlos Garcia Rawlins/File PhotoJune 21 (Reuters) - The $250,000-a-head expedition that vanished this week en route to the deep-sea wreck of the Titanic ocean liner is just one example of extreme tourism that is becoming more commonplace for those who can afford it. Branson's Virgin Galactic Holdings said last week its first commercial spaceflight, called "Galactic 01", would launch between June 27 and June 30. Before he set his sights on space, Branson was one of an elite group of extreme hot-air balloon travelers, becoming the first to traverse the Pacific Ocean in a balloon in 1991. Reporting by Julia Harte; editing by Donna Bryson and Rosalba O'BrienOur Standards: The Thomson Reuters Trust Principles.

Persons: Carlos Garcia Rawlins, Jeff Bezos, Elon Musk, Richard Branson, Branson, Arthur Conan Doyle's, Julia Harte, Donna Bryson, Rosalba O'Brien Organizations: Tec, REUTERS, SPACE, Virgin Galactic Holdings, SpaceX, Heli, Thomson Locations: Roraima, Venezuela's, Brazil, Indian Kashmir, India, Pakistan, New Delhi, Mount Roraima, Venezuela

☆ Fact Check-Nashville school shooter was armed with two assault-style weapons
▼ + stars: | 2023-04-05 | by ( Reuters Fact Check | ) www.reuters.com time to read: +5 min

WEAPONS IDENTIFIEDHale was armed with three weapons and fatally shot six people at a private Christian school (here). WEAPONS USED IN NASHVILLE ARE ASSAULT-STYLEBoth the AR-15 pistol and the Kel-Tec Sub2000 carbine pistol would be considered assault-style weapons “based on definitions of assault weapons used by many states that ban them,” Webster said. On July 2022, the U.S. House of Representatives passed legislation banning assault-style weapons (here), (here). It says “all AR types,” specifically the AR-15, and the Kel-Tec Sub-2000, are among the firearms considered semiautomatic assault-style weapons. The suspect in the Nashville school shooting was armed with three firearms, two of which are considered assault-style weapons.

☆ SVB Crisis Tests India’s New Finance Hub Potential
▼ + stars: | 2023-03-17 | by ( Megha Mandavia | ) www.wsj.com time to read: +1 min

Many Indian startups rushed this week to open new bank accounts in India’s Gujarat International Finance Tec-City, known as GIFT city. The swift collapse of Silicon Valley Bank has cast an aspiring Indian finance center into sudden relief. India, which has long been a bit player in global finance, has a chance to boost its role—but only if it moves swiftly to rectify some regulatory barriers. This week, many Indian startups rushed to open new bank accounts in India’s Gujarat International Finance Tec-City, known as GIFT city, once they regained access to their SVB deposits. Accounts set up within the hub’s International Financial Services Center, or IFSC, are free of India’s stringent capital controls since the funds are held in U.S. dollars.

☆ Bank troubles roil markets and make Fed's decision next week more fraught
▼ + stars: | 2023-03-17 | by ( Patti Domm | In | ) www.cnbc.com time to read: +7 min

Even with Friday's sell-off, the S & P 500 and Nasdaq scored gains for the week. The S & P 500 rose 1.4%, compared to a tiny loss of 0.2% in the Dow . "If the U.S. economy is going into a recession, they're going to be buying less cloud service. On Friday, durable goods for February is reported, and there are releases of flash S & P Global PMI data for services and manufacturing. Durable goods 9:30 a.m. St. Louis Fed President James Bullard 9:45 a.m. S & P Global Manufacturing PMI 9:45 a.m. S & P Global Services PMI

☆ 'Three years ahead of our guidance.' Palo Alto Networks' CEO shows why the Club holding is soaring
▼ + stars: | 2023-02-21 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +3 min

Arora's comments came as shares of Palo Alto Networks surged by more than 8% in extended trading Tuesday, to over $180 apiece. Palo Alto Networks on Tuesday raised elements of its full-year guidance that it first issued in November . Palo Alto Networks is the newest Club stock, joining our portfolio just under a week ago, on Feb. 15 . And Palo Alto Networks is delivering. Nikesh Arora, Chairman and CEO of Palo Alto Networks, speaking at the TEC Summit on October 29, 2019 in New York City.

In this article LUV Follow your favorite stocks CREATE FREE ACCOUNTGenaro Molina | Los Angeles Times | Getty ImagesWill the majority of travelers forgive Southwest Airlines and start buying tickets on the major U.S. air carrier again? Southwest Airlines accepted the blame for its technological meltdown during the holidays, and it has committed over $1 billion to fixing it. He pointed to $29 fare sales, "something I haven't seen Southwest offer in a long time," he said. The Southwest spokeswoman said the airline has a long history of innovation and pioneering technology in the airline industry. BALTIMORE, MD - DEC 27: Hundreds of passengers wait in line to handle their baggage claim issues with Southwest Airlines at Baltimore/Washington International Thurgood Marshall Airport in Baltimore, Maryland on December 27, 2022.

☆ The ChatGPT AI hype cycle is peaking, but even tech skeptics don't expect a bust
▼ + stars: | 2023-02-11 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +18 min

Even the skeptics of the latest hype cycle recounted during the Town Hall numerous examples of how AI is already embedded in more efficient business processes. The arrival of ChatGPT and generative AI only a few years after the hype cycle over the metaverse has attracted both the AI bulls and bears as tech pursues its next big thing. Another executive who works with lawyers and accountants said the sentiment right now is that AI is not to replace lawyers, but "lawyers using AI are gonna replace lawyers." And what generative AI does, is really help you crunch, take your machine learning to, you know, the 'nth' level of the finite level. That may also place AI in the crosshairs of ESG investors, making sure that the ethics part is part of the mission of companies using it.

☆ Survey: Tech executives say cloud computing and security are top priority
▼ + stars: | 2022-12-19 | 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 EmailSurvey: Tech executives say cloud computing and security are top priorityIn a survey with the CNBC Technology Executive Council, more than 85% of TEC members say cloud computing and security is critically important for their business. The consensus is cyber security and protecting IP from China and other actors should be a top priority for the newly elected Congress.

☆ CFOs learn how to respond and lead during a cyberattack
▼ + stars: | 2022-12-19 | by ( Susan Caminiti | ) www.cnbc.com time to read: +2 min

After returning to the office from an exhausting overseas trip, your CIO informs you that malware was deployed within your customer databases. CFOs from the Council were broken up into teams, each representing a fictitious company in a specific industry such as financial services, healthcare, energy, and pharma/biotech. As the scenario moved along, CFOs were given the next development or demand in the attack. Once they knew a ransomware demand was made, the most pressing question was whether they should pay the money. Others turned immediately to the participants playing company lawyers to determine how much cyber insurance they had on hand to pay the ransomware.

☆ Technology executives signal spending in 2023 even as the sector goes through massive layoffs
▼ + stars: | 2022-12-15 | by ( Ian Thomas | ) www.cnbc.com time to read: +2 min

Nearly three-quarters (74%) of respondents said they expect their companies to spend more on new technology in the next 12 months, while 22% said they expect spending to be about the same, according to the survey. Roughly 4% of respondents said they would be spending less, compared to none in the previous survey. Cloud computing, which received nearly unanimous support as "critically important" from TEC survey respondents, will likely be the recipient of that sustained spending. Gartner expects cloud computing revenues to rise to $101 billion next year, up from $90 billion in 2021. Cloud computing is expected to rise by 20% for the next two to three years, according to Gartner's forecast.

☆ Building a digital workforce: A case study in intelligent automation
▼ + stars: | 2022-12-12 | by ( Frank Holland | ) www.cnbc.com time to read: 1 min

After the biggest bank merger of the decade, newly formed Truist Bank faced a massive challenge: integrating two heritage banks (BB&T and SunTrust) with two different platforms while tackling an unprecedented volume of fraudulent activity. Truist Bank turned to UiPath's Automation Cloud platform to build a digital workforce, automating more than 150 processes and saving the newly merged bank millions of dollars. CNBC's Frank Holland spoke with UiPath CEO Rob Enslin and Truist Head of Intelligent Automation Jarel Hawkins at CNBC's TEC Summit on Nov. 15, 2022 to hear how they put technology to work. Robert Enslin, UiPath Co-CEOJarel Hawkins, Truist Bank Head of Enterprise Intelligent AutomationModerator: Frank Holland, CNBC General Assignment Reporter

☆ Opening keynote: Finance, technology and national security
▼ + stars: | 2022-12-12 | by ( Melissa Lee | ) www.cnbc.com time to read: 1 min

Treasury Secretary Steven Mnuchin played a major role in pushing the 2017 Tax Cuts and Jobs Act through congress and in the Trump Administration's tumultuous trade negotiations with China, where technology was a central theme of those discussions. Now in the private sector, Mnuchin's Liberty Strategic Capital is investing $2.5 billion in startups focused on cybersecurity and fintech. He joined CNBC's TEC Summit on Nov. 15, 2022 with a wide-ranging discussion on geopolitical technology and finance issues. Steven Mnuchin, Liberty Strategic Capital Founder & Managing Partner and 77th US Secretary of TreasuryInterviewer: Melissa Lee, CNBC Host, "Fast Money" & "Options Action"

☆ Testing Meta’s Quest Pro VR headset with CNBC Technology Executive Council members
▼ + stars: | 2022-11-18 | by ( Susan Caminiti | ) www.cnbc.com time to read: +3 min

Much of this vision hinges on Meta's $1,500 Quest Pro headset, which went on sale last month. The new virtual reality headset has some noted improvements over the mass consumer $400 Quest 2 headset model (which will remain on sale, though a Quest 3 is expected next year) — notably better sound and sensors. The Quest Pro can track your eyes and face, so your avatar can make the same faces that you do. Meta is betting that businesses, not consumers, are going to be the first big market for the Pro headset. Mark Zuckerberg, chief executive officer of Meta Platforms Inc., demonstrates the Meta Quest Pro during the virtual Meta Connect event in New York, US, on Tuesday, Oct. 11, 2022.

☆ Passed on investing in FTX, twice, says former Treasury Secretary Steve Mnuchin
▼ + stars: | 2022-11-16 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +4 min

"We looked at investment twice, and passed both times," Mnuchin said at the CNBC Technology Executive Council Summit in New York on Tuesday. I did not expect it would unwind nearly as quickly, and if indeed customer funds were misused those are very serious issues," he said. "We were a bit surprised by the overall level of valuation," Mnuchin said. "You had people doing an investment a day in tech," Mnuchin said at the CNBC event. Though he added that the allegations of misuse of customer funds in the FTX case do point to a foundational principal in financial regulation.

☆ Japan's Toshiba slashes profit outlook after second-quarter slump
▼ + stars: | 2022-11-11 | by ( Makiko Yamazaki | ) www.reuters.com time to read: +2 min

TOKYO, Nov 11 (Reuters) - Toshiba Corp (6502.T) on Friday cut its full-year operating profit outlook after a 75% slump in second-quarter profit - dismal results that heighten the uncertainty surrounding its prospects for a buyout deal. It cut its profit forecast for the year ending in March by roughly a quarter to 125 billion yen ($885 million). Kioxia Holdings Corp, a memory chip maker some 40% owned by Toshiba, has also said it would cut production by about 30% from in October. For the July-September quarter, Toshiba posted an operating profit of 7.5 billion yen ($53.2 million). That was far short of a Refinitiv consensus estimate of 36.9 billion yen from four analysts.

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