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☆ Don't worry, Dua Lipa fans: 'Radical Optimism' isn't a flop — it's primed for slow-burn success
▼ + stars: | 2024-05-03 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +7 min

Dua Lipa released her third studio album, "Radical Optimism," on Friday. With its Euro-pop vibe, 11-track structure, and dance-forward conceit, "Radical Optimism" does recall its predecessor, but that's hardly a bad thing. Compare that to the trio of "Radical Optimism" singles: "Houdini," "Training Season," and "Illusion," all of which have the makings of a smash. "Radical Optimism" is primed for the same kind of slow-burn success, especially given its familiar shimmer of pop genius. Final Grade: 8.6/10Dua Lipa's "Radical Optimism" was released on May 3, 2024.

Persons: Lipa, Maria, —, who's bristled, who'd, I've, I'd, Kevin Parker, Danny L Harle, Caroline Polachek's, Parker, Houdini, they've Organizations: Service, Lipa, Warner Records, Press Locations: Lipa, singledom, untethered

☆ Biden Is Still Losing. His Campaign Should Stop Acting Like He Isn’t. - The New York Times
▼ + stars: | 2024-05-01 | by ( Ross Douthat | ) www.nytimes.com time to read: +2 min

In February, there was a flurry of discussion about whether Joe Biden’s advancing age and seeming weakness in a matchup with Donald Trump meant that he should step aside. “The Drumbeat for Biden to Step Aside Will Only Grow Louder” ran one headline from that period, from Robert Kuttner in the American Prospect. All it took was Biden giving a passable State of the Union address: Thereafter his poll numbers marginally improved, the optimists on the Democratic side seized the rhetorical initiative, and the “should Biden step aside?” discourse faded into background noise. But it’s also quite consistent; since last fall, both candidates are bouncing around within a very narrow range. ), because voters aren’t paying close attention yet (but don’t they already know both of the candidates quite well?

Persons: Joe Biden’s, Donald Trump, Biden, Nate Silver, Ezra Klein, Robert Hur, Robert Kuttner, Kuttner, Robert F, Kennedy Jr, it’s, he’s Organizations: Democratic, Trump, Electoral College Locations: Georgia, Michigan, Arizona , Nevada , Pennsylvania, Wisconsin

☆ AI has entered the workplace. 3 industry leaders discuss how businesses can embrace it.
▼ + stars: | 2024-04-30 | by ( Leila Jordan | ) www.businessinsider.com time to read: +4 min

As the new technology accelerates in skill and ubiquity, business leaders are racing to figure out what the relationship between workers and AI will look like in years to come. Business Insider's virtual event "Human-AI Collaboration: The Key to Workplace Efficiency and Innovation," presented by Dell Technologies, brought together a panel of experts to discuss the trials, triumphs, and future of AI. He discussed the major ways in which Dell is integrating AI into its processes, from increasing productivity for developers to automating content. "There are predictions that we could have two times, three times, even four times the employment demand for new job growth as a result of gen-AI and AI ethicists, AI translators, AI mediators, AI co-creative, AI legal, and compliance experts," Miscovich said. Working with AI from the ground floor can allow businesses to design the parameters that will guide AI's future presence in the workplace.

Persons: Matt Baker, Mozziyar Etemadi, Peter Miscovich, Tim Paradis, Baker, Miscovich, Etemadi Organizations: Service, Efficiency, Dell Technologies, Business, Dell, Northwestern Medicine, AIs

☆ Opinion | Is the Internet the Enemy of Progress?
▼ + stars: | 2024-04-19 | by ( Ross Douthat | ) www.nytimes.com time to read: +5 min

But it’s 29 years old, written when the true internet era was still just a gleam in Al Gore’s eye. You could further argue that the passage predicted the Great Stagnation that Tyler Cowen identified in 2011, the productivity slowdown and disappointing economic growth that followed the initial 1990s-era internet boom. Writing for Quillette, he argues that globalization and homogenization have reduced cultural competition in roughly the way that the “Lost World” passage describes. It’s not just that we’re forgoing opportunities to improve our macro cultures. Shouldn’t we expect that macro cultures, when selection is weak, will drift into dysfunction just as firm cultures do?

Persons: Marc Andreessen, Michael Crichton’s, Crichton’s, Ian Malcolm, ” Malcolm, Al, John, Tyler Cowen, Malcolm, Crichton, Robin Hanson, It’s, Hanson, ” Organizations: Benetton, Western, George Mason University Locations: Bangkok, Tokyo, London, Al Gore’s, John Hammond’s, Davos, South Korea

☆ The world's largest chipmaker just issued a warning that the industry's red-hot growth could slow
▼ + stars: | 2024-04-18 | by ( Filip De Mott | ) www.businessinsider.com time to read: +1 min

TSMC sees growth in the microchip industry slowing to 10%, it said in a post-earnings call. The dimmed outlook comes on slowdown expectations for automotive chips. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The update was offered during the firm's post-earnings call with analysts, and is premised on TSMC's shifting stance on automotive chips, used in vehicles. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Service, Taiwan Semiconductor Manufacturing, Business

☆ BlackRock's Larry Fink thinks AI will boost wages — and productivity
▼ + stars: | 2024-04-16 | by ( Alexandra Bacon | ) www.businessinsider.com time to read: +1 min

Larry Fink, CEO of BlackRock, believes AI will increase productivity and wages. His firm has increased assets while keeping head count the same which Fink credits to AI advances. Although AI optimists hope it'll raise wages, others are more skeptical and fear job displacement. AdvertisementLarry Fink, CEO of BlackRock, said on a recent earnings call that the company's investments in AI will drive up productivity and raise wages. This is how it's going to have to be done, driven through technology, which will increase productivity," he said.

Persons: Larry Fink, Fink, — Organizations: Service, BlackRock, Business Locations: America

☆ How cell phones are killing our kids, and what we can do about it
▼ + stars: | 2024-04-16 | by ( Matt Villano | ) edition.cnn.com time to read: +12 min

Jonathan Haidt: Kids always had play-based childhoods, but we gradually let that fade away because of our growing fears of kidnapping and other threats in the 1980s and 1990s. If they have the phones, they will be texting during class, and they will be focused on their phones. If they don’t have phones, they will listen to their teachers and spend time with other kids. Most middle school kids are entirely enmeshed in smartphones and social media. Because kids are somewhat sex-segregated online (they interact less with kids of the opposite sex), the situation is unconducive to heterosexual dating and marriage.

Persons: Jonathan Haidt, ”, Haidt, Dave Cicirelli, Thomas Cooley, New York University’s Leonard N, Jayne Riew, You’ve, we’re, There’s, you’ve, they’re, We’re, they’ve, Matt Villano Organizations: CNN —, Penguin Press, American Psychological Association, New York, Stern School of Business, CNN, Jayne Riew CNN, YouTube, Getty, Meta Locations: United States, America, American, Northern California, whalehead.com

☆ How Spotify AI plans to know what's going on inside your head, and find the right track for it
▼ + stars: | 2024-04-14 | by ( Trevor Laurence Jockims | ) www.cnbc.com time to read: +7 min

Over the past decade or more, Spotify has been investing in AI and, in particular, in machine learning. Its recently launched AI DJ may be its biggest bet yet that technology will allow subscribers to better personalize listening sessions and discover new music. The AI DJ combines personalization technology, generative AI, and a dynamic AI voice, and listeners can tap the DJ button when they want to hear something new, and something less-directly-derived from their established likes. Behind the dulcet tones of an AI DJ there are people, tech experts and music experts, who aim to improve the recommendation capacity of Spotify's tools. A Spotify spokesperson said the generative AI tool allows the human experts to "scale their innate knowledge in ways never before possible."

Persons: Y, we've, they're, it's, Julie Knibbe, —, Knibbe, they've, Ben Ratliff, Ratliff Organizations: Spotify, Discover, Technology

☆ Opinion: The secret of being the world’s second happiest country
▼ + stars: | 2024-03-27 | by ( Opinion Emma Firth | ) edition.cnn.com time to read: +7 min

CNN —The UN World Happiness Report released last week ranked Denmark the world’s second happiest country for a sixth consecutive year. But that would mean you probably don’t understand the Danish way of thinking. The Happiness Report then takes an average of the numbers given by those surveyed in each nation across the last three years. An 80-year old Danish relative of mine thinks it’s why the older generation came out on top in this year’s happiness report. Join us on Twitter and FacebookWhich brings me back to the World Happiness Report and consistently being runner up to Finland.

Persons: Emma Firth, Emma Firth Galyna Baz, Jessica Joelle Alexander, Iben Dissing Sandahl, “, Danes, ”, Denmark, Finland’s, Catarina Lachmund, Santa Claus, Lachmund, “ I’m, lexicographers, they’ll Organizations: CNN, Gallup, Happiness Research, Twitter, Facebook Locations: Denmark, Finland, United States, ” Finland, Lapland, “ Denmark, Danish, Scandinavia

☆ Bitcoin shows its volatility once again, tumbling back to $67,000 in overnight decline
▼ + stars: | 2024-03-15 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

Data from Coin Metrics shows bitcoin was trading above $72,000 late Thursday night before fall to about $67,000 on Friday, a decline of roughly 7%. Bitcoin is still up about 57% year to date, and the overnight drop came from near record highs. The cryptocurrency has climbed over the past few months, in part due to anticipation and then demand from the new bitcoin ETFs that launched in the U.S. in January. Rapid rallies and steep drops have been a recurring feature of bitcoin's history. Crypto optimists say that the volatility of the asset class should decline as bitcoin matures.

Persons: Bitcoin, Kris Marszalek, bitcoin, Crypto Organizations: Coin Metrics, Rapid Locations: U.S

☆ Coups and Climate Change in the African Sahel - The New York Times
▼ + stars: | 2024-02-28 | by ( David Wallace-Wells | ) www.nytimes.com time to read: +2 min

On the time scale of human civilization, this might still be true, particularly when it comes to interpersonal violence. But on the time scale of human memory, it isn’t true any longer, particularly when it comes to warfare. By some measures, it’s more conflict ridden than at any point since the end of World War II. Nonstate violence — conflict between nongovernmental armed groups, such as gangs — has more than tripled, according to Sweden’s Uppsala Conflict Data Program, since a low point in 2007. In 2011, when Pinker published “Better Angels,” there were nearly 40,000 deaths from warfare worldwide, Uppsala estimates.

Persons: Steven Pinker’s, ”, —, Pinker Organizations: International Institute for Strategic Studies, Survey Locations: London, Sahel, Uppsala

☆ Educators teaching AI literacy to students should include ethics in their lesson plans, scholars say
▼ + stars: | 2024-02-27 | by ( Ngozi Nwanji | ) www.businessinsider.com time to read: +8 min

While some optimists focus on AI's benefits in education, others fear that using AI in classrooms could catalyze cheating and misinformation. This is where AI literacy can be useful. Created within the Stanford Graduate School of Education, CRAFT is a collaborative effort of Stanford education researchers, software developers, and curriculum developers. Lee also told BI that AI literacy in classrooms "should involve recognition of where AI can be effective and where it requires extra vigilance." He said the school also hopes to grow CRAFT's teacher codesign fellowship through which fellows develop AI literacy lessons.

Persons: —, OpenAI, Victor Lee, Lee, Matthew Ratz, Ratz, ChatGPT, Erin Reddick, who's, Reddick, Houghton Mifflin Harcourt Organizations: Stanford, Service, Allied Market Research, Arizona State University, ASU, Stanford Graduate School of Education, Montgomery College, TED, Ratz, Houghton Locations: North America, Jasper, Houghton Mifflin

☆ Nearly all doctors feel burnout, but many are encouraged by potential of AI, survey says
▼ + stars: | 2024-02-21 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +3 min

The survey found that excessive administrative tasks such as paperwork are the driving force behind this burnout, with 64% of doctors saying they feel overwhelmed by clerical requirements. Additionally, fewer than 40% of doctors feel confident that their employer is "on solid financial footing." Despite these obstacles, 83% of doctors in the survey said they believed AI could help. While AI is unlikely to solve health-care problems overnight, the survey found that the technology is giving some doctors hope for the future. Around 37% of the AI optimists believe the field is ultimately heading in the right direction, according to the survey.

Persons: Nele Jessel, Athenahealth Organizations: Athenahealth, Physicians, CNBC PRO Locations: U.S

☆ UK economy slipped into technical recession at the end of 2023
▼ + stars: | 2024-02-15 | by ( Elliot Smith | ) www.cnbc.com time to read: +3 min

LONDON — The U.K. economy slipped into a technical recession in the final quarter of last year, initial figures showed Thursday. Though there is no official definition of a recession, two straight quarters of negative growth is widely considered a technical recession. Across the whole of 2023, the British GDP is estimated to have increased by just 0.1%, compared to 2022. "These factors affected the performance of the services and construction sectors, which are the main drivers of the U.K. "Over the coming months, we expect inflation to fall, potentially easing the pressure on U.K. households, and supporting the recovery of the consumer-driven economy," Brookes added.

Persons: Jeremy Hunt, Marcus Brookes, Brookes, Neil Birrell Organizations: National Statistics, Reuters, Finance, Bank of England, Bank of England's, Quilter Investors, Premier Miton Investors Locations: British

☆ We hiked our Nvidia price target — encouraged by new highs after Goldman Sachs' bear case takedown
▼ + stars: | 2024-02-05 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +6 min

The new Goldman price target — which implies nearly 15.5% upside from Monday's — isn't even the highest on the Street. We're also raising our Club price target on Nvidia to $750 from $600. One of the lowest Nvidia price targets belongs to DA Davidson at $410 per share. NVDA 1Y mountain Nvidia's stock performance over the past 12 months. Nvidia's plan to release a new AI chip each year also adds to the sustainability of data center growth, the analysts argued.

Persons: Goldman Sachs, optimists —, — isn't, We're, Goldman, DA Davidson, Jim Cramer, TSMC, Jim Cramer's, Jim, Jensen Huang, Patrick T Organizations: Nvidia, Goldman, . Rosenblatt Securities, Microsoft, Amazon, Club, Apple, Taiwan Semiconductor Manufacturing Company, Devices, AMD, U.S, CNBC, Mobile, Fallon, Bloomberg, Getty Locations: China, American, Los Angeles

☆ Nobody's quitting their job anymore. That's a bad sign for workers.
▼ + stars: | 2024-02-04 | by ( George Glover | ) www.businessinsider.com time to read: +4 min

That could be a sign that workers feel less confident about the state of the labor market. AdvertisementFriday's blowout jobs report confirmed the labor market is still holding firm, but one often-ignored statistic could signal a looming slowdown. "The second straight 2.2% quits rate — just below the pre-Covid level — is more important, because it clearly signals slower wage gains." "All that air is coming out of the labor market, even though hiring remains strong." "The job market is steadily returning to its pre-pandemic self," Morningstar's Preston Caldwell said in a research note.

Persons: —, José Torres, Ian Shepherdson, Philipp Carlsson, Szlezak, Optimists, Morningstar's Preston Caldwell Organizations: Service, of Labor Statistics, Macroeconomics, Bureau of Labor Statistics, Boston Consulting Group, Business, eBay, Los Angeles Times

☆ Analysis: How Orban’s ties to Putin are putting European aid to Ukraine at risk
▼ + stars: | 2024-01-28 | by ( Luke Mcgee | ) edition.cnn.com time to read: +8 min

CNN —From the start of Vladimir Putin’s invasion of Ukraine, Hungary has been the weakest link in the West’s response. That’s why there’s so much attention on a meeting on Monday between the foreign ministers of Hungary and Ukraine. Hungary has frustrated European and US-led efforts to support Ukraine for the best part of two years. But time and again, they have blocked important action to support Ukraine and strengthen the Western alliance,” a German foreign affairs official told CNN. But that is what the vast majority of European officials think we are likely to see in the coming months.

Persons: Vladimir Putin’s, Viktor Orban, Orban, Vladimir Putin, Jens Stoltenberg, Francois Mori, Orban tantrums, Sean Gallup, hasn’t, ”, Putin, John Thys, – Organizations: CNN, EU, Hungarian, Ukraine, NATO, Getty, Russia, Kremlin, Putin Locations: Ukraine, Hungary, Russia, Brussels, Europe, Hungarian, AFP, brinksmanship, Finland, Sweden, Turkish, Hungary’s, Budapest, Moscow, Scandinavia, Balkans

☆ Quality stocks are dominating the market, up 25% in the past year
▼ + stars: | 2024-01-27 | by ( Michael Santoli | ) www.cnbc.com time to read: +8 min

Among the most broadly played investment "factors" — including value, momentum, low volatility, dividend yield — quality has dominated the market, the representative iShares MSCI USA Quality ETF (QUAL) up 25% in the past year, compared to 13% for S & P 500 value and less than 5% for the equal-weighted S & P 500. Even within industry sectors, the stocks with higher quality scores have sped ahead ( Costco in retail, WW Grainger in industrials, etc.). The quality label is based on strong balance sheets, high and steady profit margins, consistency of earnings growth and the like. Sure, there are multi-year secular growth stories animating the AI innovators and weight-loss-drug developers, but most quality stocks stand out for steadiness. Any give-back of the leading quality growth names wouldn't be easily absorbed by the broader market.

Persons: iShares, WW Grainger, Berkshire Hathaway, Goldman Sachs, FactSet, Michael Gates, Ed Yardeni, it's, Jerome Powell Organizations: Costco, Nasdaq, Nvidia, Microsoft, Apple, Visa, Mastercard, Nike, Bank of America, Citi, Invest, BlackRock's, Yardeni Research Locations: industrials, Berkshire

☆ Some of the biggest optimists on Wall Street see 3 threats to a strong labor market
▼ + stars: | 2024-01-23 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +5 min

The labor market may be returning to pre-pandemic conditions, Goldman Sachs found. "Broadly speaking, our analysis indicates a labor market returning to pre-pandemic norms, best characterized as a somewhat tight labor market that does not pose an inflation problem," the economists wrote. AdvertisementRecently, labor market data has been somewhat all over the place. Though these findings may point to a recovering labor market reminiscent of pre-pandemic times, GS noted some headwinds. GS also found that the labor market is at a higher risk of what it called "deterioration" in 2024 than in 2019.

Persons: Goldman Sachs, — Organizations: Service, GS, Labor, of Labor Statistics, ISM Services, Goldman, Federal Reserve, Employment Dynamics Locations: JOLTS

☆ Wanted: ‘New Collar’ Workers
▼ + stars: | 2023-12-29 | by ( ) www.nytimes.com time to read: 1 min

“New collar” jobs require advanced skills but not necessarily advanced degrees, especially in emerging high-tech fields like artificial intelligence, cybersecurity, electric vehicles and robotics. There are real fears that workers will lose jobs to technology in the coming years. But “new collar” optimists frame things in a more positive light: There are also real opportunities ahead. “Somebody has to program, monitor and maintain those robots,” said Sarah Boisvert, the founder of the New Collar Network, a national work force training program based in New Mexico. Still, even if millions of high-tech jobs are created in the coming years, the disruption to workers who lose jobs may be significant.

Persons: “, ”, Sarah Boisvert Organizations: New Collar Network Locations: New Mexico

☆ AI Helps Unskilled Employees on the Job, Hurts Experienced Workers
▼ + stars: | 2023-12-04 | by ( Aki Ito | ) www.businessinsider.com time to read: +13 min

The numbers have prompted AI optimists to predict an economic boom and AI pessimists to worry about a future of fewer jobs. The question isn't how much AI helps out around the office but who it helps — and why. AI, in other words, is raising overall productivity by narrowing the gap between high performers and low performers. Researchers tasked people to write a short story, with and without the help of an AI tool for generating ideas. A few enterprising employers will go all in on hiring job candidates with less experience and boosting their performance with AI.

Persons: I've, optimists, It's, coders, it's, Bolt, it'll, we'll, isn't, We've, there's, Aki Ito Organizations: Software, Management, Law, Business Locations: United States

☆ Opinion: Taylor Swift has it. Elon Musk and George Santos don’t
▼ + stars: | 2023-12-03 | by ( Richard Galant | ) edition.cnn.com time to read: +18 min

Exit George SantosVideo Ad Feedback SE Cupp: Trump didn't pave the way for George Santos. In the week that Americans said goodbye to Rosalynn Carter, Henry Kissinger and Sandra Day O’Connor, it was jarring that Santos occupied our minds. But as SE Cupp argued, in a more rational world, Santos would have resigned from Congress long ago. • Join us on Twitter and Facebook“Many Republicans just don’t care,” wrote Zelizer. Ron Edmonds/APAs a 12-year-old girl in 1981, Traci Lovitt was riveted by the appointment of Sandra Day O’Connor as the first woman on the Supreme Court.

Persons: William James, “, James, Webster, — Taylor Swift, Elon Musk, Taylor, Jeff Yang, aplomb, Swift, Ariana Grande, Tay, bestie, ”, ” Yang, Holly Thomas, ‘, Emma Chamberlain, we’re, we’ll, We’ll, Exit George Santos, George Santos, Rosalynn Carter, Henry Kissinger, Sandra Day O’Connor, Santos, New Jersey Sen, Bob Menendez, Cupp, Mercedes, ” Santos, Menendez “, Menendez, Donald Trump, Trump, Bill Clinton, ” Clay Jones Liz Cheney’s, Liz Cheney, ” Cheney, Julian Zelizer, Cheney, Kevin McCarthy, McCarthy, ” “, craven, — Cheney, Wade, Patrick T, Brown, ’ Trump, ” Brown, Sen, John McCain, ” Nick Anderson, Agency Nikki Haley’s, Nikki Haley, Koch, Haley, Geoff Duncan, ” Duncan, Joe Biden’s, Biden, Barack Obama, ” “ Haley, Nicole Hemmer, Bill Carter, Hannity, Newsom, Henry Kissinger’s, Henry “ Kissinger, Fareed Zakaria, Kissinger, Stalin, reread Spinoza, ” Kissinger, Zakaria, ” Jeremi Suri, ” “ Kissinger, Peter Bergen, Christopher Hitchens, Henry Kissinger David Andelman, Joe Biden, Phil Hands, Frida Ghitis, it’s, Netanyahu, Ghitis, Hani Almadhoun, Almadhoun, ” Elon, Jill Filipovic, X, Dean Obeidallah, Keith Magee, Lisa Benson, GoComics.com, Dominic Erdozain, Ronald Reagan, ’, Walt Handelsman, Will Leitch, William Faulkner, Robert Frost, John Steinbeck, Leitch, … I’d, ” Don’t, Dana Summers, Agency Amy Klein, Stuart E, Carter, Carmen Cusido, Sandra Day, Sandra Day O'Connor, Ron Edmonds, Traci Lovitt, O’Connor, Lovitt, Antonin Scalia, — Organizations: CNN, Oxford, Merriam, Exit, Trump, White House, Republican, Democrat, Independent, Mar, Twitter, Facebook, Republicans, Affordable, “, Tribune, Agency, New York Times, Biden, United Nations Relief, Works Agency, Musk’s, Islamic State, America “, National Commission, Illustrated, Sports, AP, Stanford Law, Potomac Locations: Merriam, New York, New Jersey, Roe, Georgia, Siena, optimists, European, Nazi Germany, Vietnam, Cambodia, Gaza, Israel, America, America “ America, United States, Arizona

☆ Opinion: The principle that animated Henry Kissinger’s foreign policies
▼ + stars: | 2023-12-01 | by ( Fareed Zakaria | ) edition.cnn.com time to read: +7 min

Editor’s Note: Fareed Zakaria hosts “Fareed Zakaria GPS,” airing at 10 a.m. and 1 p.m. CNN —Henry Kissinger, who died this week at 100, may have been the most famous foreign policy practitioner in modern American history. And yet, admired or despised, he managed to hold the world’s attention long after his power waned. The Vietnam War was over. It particularly irked him that the liberal elites who had been enthusiastically in favor of the Vietnam War in 1967 became his most vicious critics within a few years.

Persons: Fareed Zakaria, “ Fareed Zakaria, CNN — Henry Kissinger, Kissinger, Martin Luther King, Jr, Robert Kennedy, Egypt, Fareed Zakaria Kissinger, Hitler, Goethe, Stalin, reread Spinoza, Henry Kissinger, Henry Kissinger’s Organizations: CNN, doer, The, Israel, Pakistan Locations: America, The United States, Vietnam, Soviet, Washington, Beijing, China, Israel, Taiwan, Moscow, United States, Bangladesh, Cambodia, Laos, Chile, Indonesia, Germany, optimists, European, Japan, Europe

☆ Wall Street's dream of 'immaculate disinflation' is becoming reality and the economy is doing a lot better than people think, Nobel economist Paul Krugman says
▼ + stars: | 2023-11-29 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

"Immaculate disinflation" is becoming a reality, according to Nobel economist Paul Krugman. Inflation coming down without sparking a recession is a dream scenario for Wall Street. By a number of metrics, the economy is better off than it was a few years ago, Krugman said. AdvertisementWall Street's dream scenario is becoming a reality – and despite gloomy sentiment in pockets of the market, the economy is actually doing way better than people think, according to Nobel laureate Paul Krugman. But slowing inflation hasn't triggered a rise in unemployment or the start of a recession, pushing Wall Street closer to its dream scenario.

Persons: Paul Krugman, Krugman, —, Joe Biden Organizations: Service, Commerce Department, New York Times, Bank of America, RBC Capital Markets, Deutsche Bank

As technology titans jockey to back hot new startups, they are extracting explicit or implicit promises of revenue in return. loadingMicrosoft’s injection of $10 billion into OpenAI in January helped kick off the craze. As part of their deal, the ChatGPT operator agreed to exclusively use its new investor’s cloud computing services. Much of the invested capital should be returned relatively quickly as AI firms buy back-end services. Nvidia (NVDA.O) has at least 80% and as much as 95% of the AI market, according to estimates by analysts.

Persons: Sam Altman, Satya Nadella, OpenAI, Optimists, cynics, Jeffrey Goldfarb, Sharon Lam, Aditya Sriwatsav, Streisand Neto Organizations: Reuters, Microsoft, Financial Times, Apple, Nasdaq, Big Tech, OpenAI, Wall Street, Google, Reuters Graphics Reuters, Cisco Systems, Lucent Technologies, Nortel Technologies, Company, Global, Telecom, Nortel, Network, Nvidia, Thomson Locations: OpenAI, Silicon Valley

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