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☆ Companies Are Luring Investors by Exaggerating What Their AI Can Do
▼ + stars: | 2024-03-27 | by ( Emily Stewart | ) www.businessinsider.com time to read: +8 min

The Securities and Exchange Commission's chair, Gary Gensler, recently warned about "AI washing," or companies giving off a false impression that they're using AI so they can amp up investors. And while some companies are simply exaggerating the tech they do legitimately use, others have taken it a step further. Most companies aren't being accused of breaking the law with their AI chatter, but they're definitely posturing around it. An analysis from Goldman Sachs found that 36% of S&P 500 companies mentioned AI in their fourth-quarter earnings calls, a record high. Even the Big Tech companies that are really moving and shaking in AI are on shifty ground at times.

Persons: Gary Gensler, Delphia, Goldman Sachs, Scott Kessler, Elon Musk, Adolf Hitler, it's, ChatGPT, Daron Acemoglu, Sam Altman, Ed Zitron, he's, It's, overselling, Angelo Zino, Microsoft's, Zino, Acemoglu, Emily Stewart Organizations: Securities, Exchange, SEC, Woodstock, Third, MIT, Prosperity, Nvidia, AMD, Broadcom, CFRA Research, Big Tech, Tech, Microsoft, Business Locations: San Jose , California

☆ The Age of AI BS: Companies Are Exaggerating What Their Tech Can Do
▼ + stars: | 2024-03-27 | by ( Emily Stewart | ) www.businessinsider.com time to read: +8 min

☆ September's overselling sets up market for better returns going forward, says Bespoke's Paul Hickey
▼ + stars: | 2023-10-02 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSeptember's overselling sets up market for better returns going forward, says Bespoke's Paul HickeyPaul Hickey, Bespoke Investment Group co-founder, and Sameer Samana, Wells Fargo Investment Institute senior global market strategist, joins 'Closing Bell Overtime' to talk the day's market action.

Persons: Bespoke's Paul Hickey Paul Hickey, Sameer Samana Organizations: Investment Group, Wells Fargo Investment Institute Locations: Wells Fargo

☆ Food-truck owners from marginalized communities are cooking up success with cloud-based POS systems and analytics software
▼ + stars: | 2023-09-26 | by ( Christine Macintyre | ) www.businessinsider.com time to read: +10 min

Today, these dynamic food trucks serve up gourmet delights and cater events, fueled by convenience and social media-driven connection. While the most apparent technology food-truck owners use is front-end POS systems, back-end technology is also essential. Food-truck owners face the challenge of frequent menu updates, often requiring them to recreate signage or hire someone for the task. This helps food-truck owners make informed decisions related to parking and operating hours, which significantly influences their sales performance. In fact, a 2022 study published by Elsevier found that location was a key challenge for food-truck owners, as it affected customer targeting, exposure, and financial sustainability.

Persons: —, IBISWorld, Let's Chow, Olivia, Luis Surla, Joselle's, Jordan Foley, Let's Chow Jordan Foley, Foley, Olivia Surla's, Sofiat, Abdulrazaaq, Lemaire Stewart, Kyle Miller, Goodfynd Organizations: Service, Food, Technology, Entrepreneurs, Joselle's, Pacific Islander, Goodfynd, Elsevier Locations: American, Annapolis , Maryland, San Diego, Pacific, Nigerian, Caribbean, Maryland

☆ UBS Asset Mgmt: Start to look into China markets now
▼ + stars: | 2023-09-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUBS Asset Mgmt: Start to look into China markets on recovery green shoots and investor oversellingHayden Briscoe of UBS Asset Management discusses China's slow economic recovery and highlights the strength in China's EV industry on both internal demand pickup and export prospects.

Persons: overselling Hayden Briscoe Organizations: UBS, Management Locations: China

☆ Deutsche Bank believes this J&J spinoff can rebound by more than 25% in the short term
▼ + stars: | 2023-09-11 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Deutsche Bank says the overselling in Kenvue stock could present an attractive entry point for investors. The firm upgraded shares of the Johnson & Johnson spinoff to buy in a Sunday note, albeit with an unchanged $27 per share price target. Deutsche Bank's forecast implies nearly 27% upside from Friday's $21.30 close. Kenvue stock has slipped more than 15% since going public in May. KVUE YTD mountain Kenvue stock has slipped more than 15% since May.

Persons: Johnson, J, Steve Powers, Powers, — CNBC's Michael Bloom Organizations: Deutsche Bank, Deutsche, KVUE

☆ See the presentation that got a healthtech startup $7 million from Khosla Ventures to help patients find new treatments using AI
▼ + stars: | 2023-08-17 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +3 min

Eureka Health is building a platform to help patients with chronic conditions find new treatments. Eureka Health used this 11-slide pitch deck to land $7 million in a round led by Khosla Ventures. Eureka Health seeks to give patients with chronic conditions a community to find new treatments based on reports of what other patients have tried. Then, Eureka patients can log how effective a specific treatment was for their symptoms, as well as any side effects they may have experienced. Eureka Health provided Insider with the deck it used to raise $7 million in seed funding.

Persons: Zain Memon, Noah MacCallum, Memon, MacCallum, Anne Wojcicki, Susan Wojcicki, Eureka, we're Organizations: Eureka Health, Khosla Ventures, Health, South Park, SciFi, Able Partners, Bow, 23andMe, South Locations: Eureka, South Park

☆ Margot Robbie will reportedly earn $50 million in salary and box office bonuses for 'Barbie'
▼ + stars: | 2023-08-16 | by ( Will Gendron | ) www.businessinsider.com time to read: +2 min

Margot Robbie will earn about $50 million for starring in and producing the film, Variety reported. The film has grossed more than $1 billion at the global box office. The film — which grossed $160 million domestically during its opening weekend, according to Box Office Mojo — crossed the $1 billion mark at the box office earlier this month. That's good news for Margot Robbie, the film's star and producer, who is set to earn about $50 million in salary and box office bonuses, Variety reported, citing three individuals familiar with her deal. Greta Gerwig — the film's director and co-writer, who became the first woman filmmaker to solo-direct a $1 billion movie — will also receive bonuses due to the film's success, according to Variety.

Persons: Margot Robbie, —, Greta Gerwig, Robbie, Barbie, Uno, Polly Organizations: Variety, Morning, Collider, Mattel, Warner Bros

☆ ‘Barbie’ on track to become highest grossing domestic film of the year
▼ + stars: | 2023-08-13 | by ( Jennifer Korn | ) edition.cnn.com time to read: +2 min

Trailing behind “The Super Mario Bros. Movie” by an estimated $48 million, writer-director Greta Gerwig’s “Barbie” appears destined to gain the top spot for highest grossing domestic film of 2023. While “Pink Fever” has slowed in the last week, “Barbie” is estimated to have earned $33.7 million this weekend to maintain its stronghold in the theaters. The comedy about the iconic doll is estimated to have reached $525 million domestic and nearly $1.2 billion worldwide. “Barbie” took in $10 million Friday alone, earning an average above $11.3 million per day from August 5-11. “Barbie” passed the $500 million domestic mark in the middle of its third week, while “The Super Mario Bros. Movie” needed more than five weeks to reach the milestone.

Persons: New York CNN — “ Barbie ”, Mario, Greta Gerwig’s “ Barbie ”, “ Barbie ”, Paul Dergarabedian, “ Oppenheimer, ”, “, Barbenheimer, “ I’ve, Barbie ’, ‘ Barbie ’, ‘ Oppenheimer, ’, Margot Robbie, “ Barbie Organizations: New, New York CNN, Mario Bros, CNN, Collider, Warner Bros, Warner Bros . Locations: New York, North America

☆ 'Barbie' makes history with $1 billion box office
▼ + stars: | 2023-08-06 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +4 min

New York CNN —“Barbie” has answered the billion-dollar question with a resounding “yes.” Barely three weeks into its run, writer-director Greta Gerwig’s blockbuster has raked in an astounding $1.03 billion at the global box office, according to official Warner Bros. estimates. He added the movie’s marketing campaign was the first hint “Barbie” would be a box office smash. “Barbie” was distributed by Warner Bros., which is owned by CNN’s parent company Warner Bros. Its global success was driven by box office sales in some of the world’s largest movie markets, including the United Kingdom, Mexico and Australia. 1 release in these markets every weekend since its release, according to tracking site Box Office Mojo.

Persons: New York CNN — “ Barbie ”, Greta Gerwig’s, Barbie ”, “ I’ve, Barbie, ”, Paul Dergarabedian, Dergarabedian, ‘ Barbie ’, ‘ Oppenheimer, ’, Margot Robbie —, —, “ Barbie ”, “, Barbie ’, Michael Berry, Berry, Barbie haters, it’s, BoxOffice, Shawn Robbins Organizations: New, New York CNN, Warner Bros, Comscore, Collider, Warner Bros ., UCLA’s Center, Chinese Studies, BoxOffice Pro Locations: New York, United Kingdom, Mexico, Australia, China, United States

☆ Russian forces battling Ukraine's assault are discovering a nasty danger behind them, courtesy of the US
▼ + stars: | 2023-06-08 | by ( Sam Fellman | ) www.businessinsider.com time to read: +2 min

Ukraine is firing an artillery shell that lays mines built to destroy tanks. The US has sent Ukraine over 10,000 of these rounds along with the 155mm howitzers that fire them. Sladkov wrote that Ukraine is firing the Remote Anti-Armor Mine System (RAAMS), a US-made artillery round that lays anti-tank mines in flight. Vehicles must run a gauntlet laid with mines to deliver fresh troops, ammunition, fuel, and food to front-line positions. Whether it's as easy as this pro-Russian voice argues is debatable as this community has a tendency to downplay threats while overselling Russian capabilities.

Persons: —, Alexander Sladkov, Sladkov Organizations: US, Service, Telegram Locations: Ukraine, Russian, US, Russia

☆ Elon Musk's super-app ambitions took an interesting turn with his first acquisition at Twitter
▼ + stars: | 2023-05-17 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

The move speaks to a broader strategy Musk has hinted at of creating a US super app. While extremely popular in Asia, super apps haven't caught on in the US. There are multiple forces working against the success of a super app in the US, let alone one run by someone as polarizing as Musk. When I think of super apps, my mind goes toward pursuing users' wallets. And here's why industry experts remain unconvinced about Elon Musk's plans to turn Twitter into a super app.

☆ How Do We Ensure an A.I. Future That Allows for Human Thriving?
▼ + stars: | 2023-05-02 | by ( David Marchese | ) www.nytimes.com time to read: +16 min

Some of us would like to slow this down because we are seeing more costs every day, but I don’t think that means that there are no benefits. We may someday have a technology that revolutionizes science and technology, but I don’t think GPT-5 is the ticket for that. Combine that human overattribution with the reality that these systems don’t know what they’re talking about and are error-prone, and you have a problem. I don’t think we should go after an individual who posts a silly story on Facebook that wasn’t true. I don’t think, however, that the technology we have right now is very good for that — systems that can’t even reliably do math problems.

LONDON, April 27 (Reuters) - Barclays reported better than expected first-quarter profit on Thursday after a strong performance from its credit card business offset pressure on other business lines. The British bank's pretax profit of 2.6 billion pounds ($3.25 billion) beat analyst forecasts for a repeat of the previous year's 2.2 billion pounds. Income at the lender's consumer, cards and payments division rose 47% to 1.3 billion pounds thanks to rising credit card balances driven partly by its acquisition of a portfolio from retailer Gap last year. While higher credit card spending boosted Barclays' finances, there were signs this could have a sting in the tail. Fixed income, currencies and commodities (FICC) was a bright spot, with income rising 9% to 1.8 billion pounds.

☆ I'm a former Microsoft VP of HR. Here are the real reasons why layoffs are happening and how much longer they'll last.
▼ + stars: | 2023-04-17 | by ( Chris Williams | ) www.businessinsider.com time to read: +6 min

Some of the layoffs we've seen have included long-time employees years from their most meaningful contributions. The opticsSome of the layoffs we've seen in tech are ones that the companies have probably wished they could do for years. The future is brightWe are in a season of layoffs, and it's not clear we've seen the last or worst of it. That said, there is no reason to see the layoffs as a harbinger of doom and gloom for the tech world. Chris Williams is the former VP of HR at Microsoft and a leadership advisor, podcaster, TikTok creator, and author.

☆ 'Anyone can do this': Real-estate investor Dan Lane shares the low-risk strategy he's used to build up a portfolio of 6 rental properties — and why just getting starting in real estate makes scaling u
▼ + stars: | 2023-03-12 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

Dan Lane hosts the "Rental Income Podcast," where he interviews a host of real-estate investors. On the show, Lane interviews real-estate investors from all over the country using a wide variety of strategies to build up their portfolios. How Lane built his portfolioLane started off his rental property journey when he and his wife Suzanne wanted to move out of their home in Virginia in 2015. Instead of selling the property, Lane suggested they rent out the home instead when they moved into their new house. Lane said the total cash flow from his properties has allowed him to cover his living expenses.

☆ Companies are latching onto the hot new AI trend. The feds are warning they're watching for false claims.
▼ + stars: | 2023-03-02 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

The FTC warned companies to avoid overselling their AI products in a blog post on Monday. It called AI a "hot marketing" term that some companies won't be able to stop themselves from "abusing." The craze has caused an AI arms race between Big Tech companies like Microsoft and Google. News organizations like Buzzfeed and CNET have also begun using AI. "Is it any wonder that we can be primed to accept what marketers say about new tools and devices that supposedly reflect the abilities and benefits of artificial intelligence (AI)?"

☆ Costs could rise even more in 2023—and thousands of CEOs blame climate change
▼ + stars: | 2023-02-07 | by ( Natasha Piñon | ) www.cnbc.com time to read: +3 min

Their reason: climate change. Such incidents have led environmental experts and economists to establish a link between climate change and inflation. Climate change isn't considered a primary driver of today's inflation, but economists say the connection will deepen as the planet continues to warm — making the link more noticeable and acute. At the corporate level, only CEOs who feel directly exposed to climate change are likely to take steps to address it, PwC's survey found. Many company-driven climate efforts aren't even particularly successful, the report noted.

☆ Morgan Stanley has a ‘simple’ tech playbook, names TSMC and others as stocks to buy right now
▼ + stars: | 2023-01-27 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

Despite the recent rally, few believe the downturn in tech has bottomed — but Morgan Stanley believes investors should not sit on the sidelines. Stay invested even if a recession strikes Morgan Stanley believes investors should continue to selectively own Asia tech names even if a widely anticipated recession materializes, given the sector's historical resilience. Stock picks Morgan Stanley recommends investing in commodity and consumer cyclical companies "that will likely be first to come out of the downturn." Morgan Stanley also likes Samsung Electronics on the back of its market share gains, dividend support and potential for growth through M & A. Morgan Stanley has a price target of 700 Taiwan dollars ($23.10) on TSMC, which implies an upside of around 40%.

☆ Ticketmaster provides no real answers as it struggles to explain disastrous Taylor Swift Eras Tour concert sale
▼ + stars: | 2022-11-19 | by ( Bethany Biron | ) www.businessinsider.com time to read: +4 min

Ticketmaster apologized for its chaotic and botched ticket-sale system for Taylor Swift's upcoming tour. "We want to apologize to Taylor and all of her fans — especially those who had a terrible experience trying to purchase tickets," Ticketmaster wrote in a tweet Friday night. "We're working to shore up our tech for the new bar that has been set by demand for the Taylor Swift | The Eras Tour," Ticketmaster wrote. This disrupted the predictability and reliability that is the hallmark of our Verified Fan platform," Ticketmaster wrote. According to Ticketmaster, a record-breaking 3.5 million fans registered to the verified presale in hopes of snagging a ticket on Nov. 15.

☆ FDA says two studies showing omicron boosters weren't much better than old Covid shots were too small to come to any conclusions
▼ + stars: | 2022-10-28 | by ( Spencer Kimball | ) www.cnbc.com time to read: +6 min

The recently authorized booster vaccine protects against the original SARS-CoV-2 virus and the more recent omicron variants, BA.4 and BA.5. The Food and Drug Administration said two studies this week showing that the new omicron boosters weren't that much better than the old shots were too small to come to any real conclusions. The antibody responses were slightly higher with the omicron boosters, though the studies concluded the difference wasn't significant. The studies are of public interest because there's very limited human data on how the omicron BA.5 boosters perform right now. The FDA also looked at data directly on the BA.5 shots that came from animal studies.

☆ New Covid boosters aren’t better than old shots at neutralizing omicron BA.5, early studies find
▼ + stars: | 2022-10-27 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

The new COVID-19 booster which includes protection for Omicron at AltaMed Health Services in South Gate on Thursday, October 6, 2022. Two studies are raising doubts about whether the new omicron BA.5 booster really will offer better protection against Covid than the first generation shot. Scientists at Columbia University in New York City found the new boosters did not produce a better antibody response in humans against BA.5 than the first-generation vaccines. Hotez said there should also be investigations into how the boosters perform against emerging omicron subvariants such as XBB and BQ.1., as the currently dominant BA.5 declines in circulation. It could be the case that the new boosters perform better against these emerging variants than the first generation shots do, Hotez said.

☆ CDC Oversells the ‘Bivalent’ Covid Shot
▼ + stars: | 2022-09-22 | by ( Paul A. Offit | ) www.wsj.com time to read: 1 min

The Centers for Disease Control and Prevention recommends that everyone over 12 receive a “bivalent” Covid-19 vaccine as a booster dose. But only a select group are likely to benefit, and the evidence to date doesn’t support the view that a bivalent vaccine containing omicron or its subvariants is better than the monovalent vaccine. The existing Pfizer and Moderna mRNA vaccines were designed to protect against the original strain of the novel coronavirus, known as Wuhan-1. Between January 2020 and December 2021, D614G was replaced by the alpha variant then the delta variant. At the end of 2021, Oxford conducted a study to determine whether the mRNA vaccines still provided protection against severe illness and death caused by the variants.

The logo of Barclays bank is seen on glass lamps outside of a branch of the bank in the City of London financial district in London September 4, 2017. REUTERS/Toby MelvilleLONDON, Sept 20 (Reuters) - Investment banks are likely to be hit by a dip in trading revenue next year and will be counting on a bounce back in advisory fees to support their finances, Barclays' CEO C.S. A trading surge has helped investment banks report robust results this year and helped to offset a dire year for fees on company flotations and M&A deals amid global market turbulence. Register now for FREE unlimited access to Reuters.com Register"Trading revenue pools will probably shrink a bit and investment banking revenue pools will probably rise. And so the declining trading revenue pools seasonally adjusted is more likely to happen in the second half of next year."

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