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Starting a passive income side hustle may look quick and easy on TikTok. Make It spoke with a group of experts who've built passive income businesses and scaled them into six-figure successes. JP Mancini II turned his boat chartering side hustle into mostly passive six-figure income. Ryan Hogue, 35, left his web development career in 2020 to focus on building passive income streams. DON'T MISS: The ultimate guide to earning passive income online After roughly a year, Torres left her engineering role.
Persons: Jannese Torres, D'Lites, Dinero, podcaster, JP Mancini, Florida —, JP Mancini II, Mancini, Ryan Hogue, Ryan Hogue Gamifying, Hogue, Rather, Torres, Jasmine McCall, McCall Organizations: CNBC, SXSW Locations: Hampton , Virginia, Key West, Florida, Puerto Rican
Sam Altman's company is trying to poach Googlers for a ChatGPT search engine, per the report. The Verge reported that the company behind ChatGPT has been trying to poach Googlers to work on its team developing a search engine for the chatbot. In February, The Information reported that OpenAI was developing a web search feature that could put the company into more direct competition with Google Search. AdvertisementGoogle's future plans in the AI field include large investments and a generative AI search engine. Big Tech is engaged in an intense battle for top AI talent as rival companies rush to launch similar AI-powered products.
Persons: Sam Altman's, , OpenAI, ChatGPT, Googlers, Bing, Mark Zuckerberg Organizations: Big Tech, Service, Google, Bloomberg, Business
(This is CNBC Pro's live coverage of Wednesday's analyst calls and Wall Street chatter. A closely watched electric vehicle maker and a cloud software company were among the talked stocks by analysts on Tuesday. "We move to Sell given the increased lack of visibility around an inflection in the aforementioned trends," said analyst Kash Rangan. – Samantha Subin 6:19 a.m.: Wall Street reacts to Reddit's first earnings print as a public company Reddit's first earnings report since hitting the public markets in March is garnering some mixed responses from Wall Street analysts. "Its limited production and commercial history leaves much to be seen," he wrote "Rivian must prove it can acquire the customer base, while maintaining low advertising costs."
Persons: there's, Baird, Goldman Sachs, Kash Rangan, Rangan, – Samantha Subin, Mark Shmulik, Reddit, Doug Anmuth, Bank of America's Justin Post, Citi's Ronald Josey, Samantha Subin, Mark Delaney, Rivian, Dan Levy, RIVN, Wells Fargo's Colin Langan, Langan, Datadog Baird, Amit Agarwal, Will Power, DDOG, Power, Fred Imbert Organizations: CNBC, ZoomInfo Technologies, Wall Street, Google, Bank of America's, Barclays, Datadog, Cisco Locations: Rivian, Datadog
BARCELONA, SPAIN - JANUARY 31: A logo sits illuminated outside the Amazon Web Services (AWS) booth at ISE 2023 and IOT Solution World Congress at Fira Barcelona on January 31, 2023 in Barcelona, Spain. (Photo by Cesc Maymo/Getty Images)SINGAPORE — Amazon Web Services on Tuesday said it will invest an additional 12 billion Singapore dollars (about $8.87 billion) over the next five years to grow its cloud infrastructure and services in Singapore. "The investment will go into the construction and build up of the DC capabilities, all associating with the Asia-Pacific Singapore region," Priscilla Chong, country manager of AWS Singapore, told CNBC's "Street Signs Asia" on Tuesday. The U.S. tech giant's cloud computing arm launched its first Asia-Pacific region in Singapore in 2010 – its first foray outside of the U.S. and Europe. Since then, AWS said it has pumped over SG$11 billion into Singapore's cloud infrastructure and ecosystem.
Persons: Cesc Maymo, Priscilla Chong, CNBC's, Chong Organizations: Amazon Web Services, Fira Barcelona, Integrated Systems, Services, AWS Singapore, ASEAN Locations: BARCELONA, SPAIN, Barcelona, Spain, Integrated Systems Europe, SINGAPORE, Singapore, Asia, Pacific Singapore, U.S, Pacific, Europe
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAWS will boost investments in Singapore's cloud infrastructure by $9 billion, country manager saysPriscilla Chong, country manager at Amazon Web Services Singapore, says the investments will go into the construction and buildup of data center capabilities.
Persons: Priscilla Chong Organizations: Amazon Web Services Singapore
New York CNN —In the spring of 2021, you might have heard about a small investment firm with an odd name, Archegos, that imploded practically overnight and left big Wall Street banks sweating over billions of dollars in losses. Put simply, prosecutors say Hwang had used financial instruments called “total return swaps” to gain exposure to the stocks without actually owning them. Over the course of a year, prosecutors say, Hwang grew his $1.5 billion portfolio into a $35 billion portfolio. Why the case mattersWhite-collar crime on Wall Street may seem like a distant problem for most Americans, and that may be true. And sometimes, as in the financial crisis of 2008, it was a bit of Wall Street tinkering in derivatives contracts that blew up in banks’ faces and collapsed the housing market.
Persons: CNN Business ’, Bill Hwang, Hwang, Matt Egan, Banks, Archegos, ” Hwang, Hwang didn’t, , isn’t, Dennis Kelleher Organizations: CNN Business, New York CNN, Archegos, Management, Viacom, Discovery, Warner Bros, CNN, Term Capital Management, Credit Suisse, Employees, Bloomberg, Tiger Asia Management Locations: New York, Korean, York City,
The New York Times and The Washington Post received three Pulitzer Prizes each on Monday for a wide array of journalism that spanned conflict and injustice around the globe, including the plight of child migrant workers in the American Midwest, the lethal consequences of war in the Middle East and the brutal repression of dissent in Vladimir Putin’s Russia. The prize for public service, considered the most prestigious of the Pulitzers, went to ProPublica for exposing a web of questionable financial entanglements involving Justice Clarence Thomas of the U.S. Supreme Court. The series, which revealed that Justice Thomas failed to disclose lavish gifts he had received from wealthy supporters, prompted the court to issue a new ethical code of conduct. The prize for investigations went to Hannah Dreier of The Times, for an exposé of migrant child labor in the modern United States, and the governmental blunders and disregard that have allowed the illegal practice to persist. This was the second Pulitzer awarded to Ms. Dreier, who won the 2019 feature writing prize for her coverage of the criminal gang MS-13 for ProPublica.
Persons: Vladimir Putin’s, Clarence Thomas of, Thomas, Hannah Dreier, Dreier Organizations: New York Times, Washington Post, U.S, Supreme, The Times Locations: American Midwest, Vladimir Putin’s Russia, United States
Microsoft is building its own AI model dubbed MAI-1, The Information reported. It's a sign Microsoft is ready to depend less on the ChatGPT maker as the AI wars heat up. AdvertisementMicrosoft is reportedly working on its own AI model separately from OpenAI — a chance for CEO Satya Nadella to prove his company doesn't need the ChatGPT maker to get ahead in the AI wars. Microsoft is working on building an in-house large language model model it calls MAI-1, The Information reported earlier this week. That's on top of the smaller, less advanced models Microsoft is developing for smartphone apps, reflecting the tech titan's multi-pronged approach to developing advanced AI.
Persons: Mustafa Suleyman, It's, , Satya Nadella, Nadella, Google's DeepMind, Kevin Scott, Scott, it's, Microsoft didn't Organizations: Microsoft, Service, MAI, Meta, Business, Microsoft's Locations: ChatGPT, Seattle
A general partner at Andreessen Horowitz is the latest to join the debate around "fake work" in Big Tech. David Ulevitch said "half the white-collar staff at Google probably does no real work." AdvertisementAn investor at famed Silicon Valley firm Andreessen Horowitz is the latest VC to get involved in the debate around "fake work" in the tech industry. Advertisement"I don't think it's crazy to believe that half the white-collar staff at Google probably does no real work," he said. Other VCs have also entered the debate around "fake work" and overstaffing within Big Tech in recent years.
Persons: Andreessen Horowitz, David Ulevitch, , Emily Sundberg, Ulevitch, Marc Andreessen, Keith Rabois, Thomas Siebel, they've, overhiring Organizations: Google, Meta, Service, Cisco, Big Tech, Tech, PayPal Mafia, Facebook Locations: Big Tech, Silicon, America
While it’s become fashionable to dump on the aging social media platform Facebook, I quite enjoy using it. Many of my high school and college friends use it to celebrate birthdays and share news of their children and their travels. But like many people, I wish I had more control over how Facebook delivers my friends’ updates to me. Mr. Barclay’s tool — a piece of software known as an extension, which can be installed in a Chrome web browser — was simple. I could curate my feed by following only those friends and groups I really still want to see updates from.
Persons: it’s, Louis Barclay Organizations: Facebook Locations: British
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
CNN —Whenever you type a search into Apple’s Safari browser — say, on an iPhone — chances are it’s Google that returns the results. You can tell Safari to pick another search engine, but in practice most people tend to stick with Google by default. You might know that Google pays Apple enormous sums of money every year for that prime placement. Those eye-popping figures, newly unsealed this week, come from a blockbuster antitrust lawsuit against Google that’s just entered its closing stages. Nothing prevented Apple from choosing a different default search partner, Google contends.
Persons: , Google that’s, Trump, Amit Mehta, Mehta, ” Mehta, John Schmidtlein, Google’s, Sherman, , ” Schmidtlein Organizations: CNN, Google, Apple, Justice Department, DOJ, Microsoft
The Palestinian startup sceneOur business is based in Ramallah, where Raya lives. If starting a company in Ramallah could benefit the community by creating jobs and further building on the small startup scene there, we wanted to try. When "The Middle Frame" goes through a hard time in the future, we can look back at that screenshot. In the future, when our business is stable in a different market, we could maybe have a smaller operation in the Palestinian market. The Palestinian startup ecosystem needs more examples of successful startups in the wider region to support the startups in Palestine and more investment bodies to support the early-stage startups.
Persons: Mohammad Alnobani, Alnobani, , We'd, Raya, creatives, We're, I'd, I've, We've, Raya's, we've, it's Organizations: West Bank, Hamas, Service, Young, Palestine, Israel, Getty, UAE Locations: Gaza, Alnobani, Ramallah, Palestinian Territories, Amman, Jordan, Jerusalem, Belfast, Palestinian, Israel, Saudi Arabia, Nablus, Qatar, London, Boston, East, North Africa, it's, Egypt, Europe, Ramallah —, Dubai, Jordanian, Iran, UAE, Palestine
Yet new data shows its main product — the conservative-friendly social network Truth Social — remains a very tiny player in its industry, and it’s getting even smaller. “If your entire social circle is on a social media platform, that’s a strong pull to sign up. ‘Meme stock’ argumentTrump recently received another 36 million shares of Trump Media as part of a bonus known as earnout shares. Including those new shares, Trump owns 114.75 million shares of Trump Media — a stake valued at $5.6 billion. Of course, Kennedy notes that there is a counter argument that Trump Media is not a typical social media stock, and so traditional metrics like growth and revenue don’t really matter.
Persons: Donald Trump, it’s, , Matthew Kennedy, Kennedy, , Trump, Shannon Devine, ” Devine, Similarweb, Mark Zuckerberg’s Meta, Gettr, Tom Liu, Musk, ” Kennedy Organizations: New, New York CNN, Trump Media & Technology, Trump Media, CNN, Trump, Truth, Renaissance, Social, ” Trump Media, Elon Musk Locations: New York, Similarweb
Anthropic has launched a mobile app for its AI chatbot, Claude. The app, a rival to OpenAI's ChatGPT, allows users to sync conversations and analyze photos. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementOpenAI rival Anthropic launched its first smartphone app on Wednesday, a mobile version of its artificial intelligence chatbot called Claude. Both of these features are available on rival ChatGPT.
Persons: Anthropic, Claude, OpenAI's, , ChatGPT, Dario, Daniela Amodei, Andreessen Horowitz Organizations: Amazon, Google, Service, Union, Services, Microsoft, Sequoia Capital, K2 Locations: Canada, OpenAI
Life was otherwise good: It was 2016, and Hogue sat next to his best friend every day at his senior web development job. He was making $117,300 per year, but driving back and forth felt like a waste of time and money, he says. Last year, Hogue made over $1,600 a day, or roughly $11,400 per week, according to documents reviewed by CNBC Make It. Winning that game each day helped keep him from quitting before his business turned profitable, he says. "The dollars-per-day [mindset] helps you understand what your time is worth," Hogue now tells Make It.
Persons: Ryan Hogue, Hogue, he'd Organizations: George Madison University, CNBC Locations: Virginia, Fairfax , Virginia
But the Hollywood strikes pushed the release date for "Deadpool & Wolverine, so "The Fall Guy" stepped in. 2012's "The Avengers" brought in $207 million opening weekend and grossed over $1.5 billion worldwide. 'The Fall Guy' doesn't need to earn what past Marvel titles did to be successfulRyan Gosling in "The Fall Guy." There have to be other big winners, and that's where "The Fall Guy" comes in. "The Fall Guy" is tracking in the mid-$30 million range for this weekend, multiple industry sources told BI.
Persons: Guy, , David Leitch, Ryan Gosling, Emily Blunt, Tim Handren, Hadren, Jeff Bock, Bock, Max Organizations: Marvel, Service, WGA, SAG, Santikos Entertainment, Marvel Studios, Hollywood Locations: Hollywood, Antonio
Read previewExpect a lot more talk of generative AI at Amazon cloud computing events this year. "Up to 80% of all Global Summit sessions will be sourced from 2023 re:Invent sessions tagged to Gen AI." The new directive shows how Amazon is going to extraordinary lengths to promote its AI prowess, at a time when interest in generative AI is skyrocketing. On Tuesday, Jassy said Amazon is on pace to generate "multi-billion" dollars in revenue this year from its generative AI offerings. Generative AI has already been accounting for a larger share of Amazon's public comments.
Persons: , Patrick Neighorn, we've, Andy Jassy, Jassy, It's Organizations: Service, Services, Business, AWS, Amazon, Global, Microsoft, Google, Meta
How Technology Has Outpaced the Law
  + stars: | 2024-05-02 | by ( German Lopez | More About German Lopez | ) www.nytimes.com   time to read: +1 min
It was reasonable to expect the number of abortions in the U.S. to decline. The dynamic encapsulates a broader trend: The combination of a relatively new technology (the web) and an old one (the mail) has made it easier for Americans to bypass laws that they don’t like. Gun owners assemble untraceable firearms, known as ghost guns, from parts ordered online or made with 3-D printers, another relatively new technology. Today’s newsletter will cover some of the ways that technology has outpaced the law. The number of ghost guns seized at crime scenes increased more than tenfold from 2016 to 2021.
Persons: Roe, Fentanyl’s Organizations: U.S . Gun Locations: Florida, U.S, China, India
The biggest U.S. challenge so far to the vast power of today’s tech giants has reached its climax. v. Google — over whether the tech giant broke federal antitrust laws to maintain its online search dominance. Google insists that consumers use its search engine because it is the best product. Many antitrust experts expect he will land somewhere in the middle, ruling only some of Google’s tactics out of bounds. The trial is the biggest challenge to date to the vast power of today’s tech giants, which have defined an era when billions of people around the world depend on their products for information, social interaction and commerce.
Persons: Amit P, Mehta Organizations: Justice Department, Google, Apple, District of Columbia, Meta Locations: U.S
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmazon Web Services CEO Adam Selipsky on the battle for the hyperscale data center marketAdam Selipsky, AWS CEO, joins 'Closing Bell Overtime' to talk Amazon's quarterly results, the integration of generative AI.
Persons: Adam Selipsky Organizations: Web
Over the last two weeks, major cloud providers Amazon, Microsoft, and Alphabet have reported quarterly earnings that exceeded Wall Street's expectations. Amazon, Microsoft, and Alphabet's shares also climbed after earnings were reported, evidence that doubling down on their AI strategies seems to be paying off. Davidson Companies analyst Gil Luria told Business Insider regarding Amazon, Microsoft, and Alphabet. Microsoft Cloud generated $35.1 billion in revenue — up 23% year-over-year — that CEO Satya Nadella credits partly to investments into AI tools like Microsoft Copilot. Amazon, Microsoft, and Alphabet didn't immediately return a request for comment from Business Insider before publication.
Persons: , D.A, Gil Luria, Claude, Andy Jassy, Satya Nadella, Nadella, Ruth Porat, OpenAI's ChatGPT, Luria, doesn't, Jassy, Sundar Pichai Organizations: Service, Microsoft, Business, Davidson Companies, Amazon, Web Services, Google Cloud, Google, Gemini, Research, Capital Locations: Indonesia
New York CNN —From New York to Los Angeles, college campus protests against the war in Gaza turned violent Tuesday night and into Wednesday morning as police sought to clear campuses of protesters in many locations, leading to mass arrests. The flash grenades emit a bright flash and a very loud bang and are typically used to shock and disorient. Officers arrested more than 200 protesters overnight at Columbia and made dozens of additional arrests at City College of New York located about a mile north in Manhattan, according to law enforcement sources. Columbia announced the NYPD could stay on campus through at least May 17, past the university’s commencement ceremony now scheduled for May 15. Brown UniversityAn exception to the escalating conflict was at Brown University in Providence, Rhode Island.
Persons: Nobody, ” Anna Dai, Liu, , Israel Organizations: New, New York CNN, Columbia University, City College of New York New, NYPD, Columbia, City College of New, UCLA, University of California, Daily Bruin, CNN, University of Arizona University police, Tulane University University, New Orleans police, Louisiana State Police, Tulane, Brown University, Protesters Locations: New York, Los Angeles, Gaza, City College of New York New York City, City College of New York, Manhattan, Israel, New Orleans, Providence , Rhode Island
Seinfeld remains a comedy legend. Amy Sussman/Getty ImageSeinfeld returned to New York and his stand-up comedy roots when the show ended in 1998. He chronicled his post-"Seinfeld" tour in the Emmy-nominated 1998 HBO comedy special "I'm Telling You for the Last Time." The streamer also struck a deal with Seinfeld for two stand-up specials and the development of scripted and unscripted comedy programming. "Jerry Before Seinfeld" was released on September 19, 2017, and "23 Hours to Kill" — his first original stand-up special in 22 years — premiered on May 5, 2020.
Persons: Seinfeld, Jerry Seinfeld, Amy Sussman, Getty, Dave Chappelle, Ellen DeGeneres, Jimmy Fallon, David Letterman, Barack Obama, Jerry, Organizations: HBO, Netflix Locations: New York
Ford says the main goals of the "Ford University" platform are to improve customer service, better engage employees — especially younger ones who are accustomed to binge-watching videos — and provide dealers and the company with more data to assist business. Vietor, who joined Ford in March 2023 after leading global games learning for Amazon Web Services, will oversee Ford University. She declined to disclose how much the company has spent on the new training. Dealership employees, who are independently employed by dealers, are crucial to the company's sales, performance and customer engagement and satisfaction. Automakers have long touted the idea that better dealer experiences lead to happier customers who are more likely to become repeat customers.
Persons: Abby Vietor, Vietor Organizations: Netflix, Ford, Amazon Web Services, Ford University Locations: Mich
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