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☆ The potential $2 billion sale of Selena Gomez's Rare Beauty could make her the next celebrity billionaire
▼ + stars: | 2024-03-20 | by ( Madeline Berg | ) www.businessinsider.com time to read: +7 min

Here's how Rare Beauty outdid other celebrity brands — and how it could make Gomez a billionaire. AdvertisementThere are currently at least 40 celebrity beauty brands on the market — all experiencing varying degrees of success. AdvertisementNow, Selena Gomez may be poised to join their ranks and become the next celebrity beauty billionaire. Rare Beauty is exclusively sold at Sephora — meaning a potential buyer would see plenty of room for growth. It's among the most-followed celebrity beauty brands on both Instagram and TikTok, with 7.1 million and 3.6 million followers, respectively.

Persons: Selena Gomez, Gomez, —, Hailey Beiber's Rhode, Addison, Brad Pitt's Le Domaine, Rihanna, Kim Kardashian, Kim, Anncy Rowe, Jeffrey Ten, Scott Friedman, Nikki Eslami, Pascal Le Segretain, it's, Friedman, Mehdi Mehdi, Joyce Kim, Estée Lauder, Elizabeth Taylor's, Rowe, she's, Alex Rawitz Organizations: Service, Coty, Bloomberg, Fashion, Business, Fast Company, Brand, New Theory Ventures, Nyx, L'Oréal Locations: SKKN, L'Oréal, Sephora

☆ Ukraine Needs $486 Billion to Recover, Rebuild After Nearly Two Years of War - World Bank
▼ + stars: | 2024-02-15 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +3 min

That 10-year cost estimate is up from $411 billion last March, with housing needs topping the list at $80 billion or 17%, followed by transport needs of $74 billion or 15%, and commerce and industry at $67.5 billion, or 14%. The new estimate excludes reconstruction needs already met through the Ukraine state budget or through partners and international support. He said the Ukrainian economy had proven remarkably resilient in the face of the war. Four of five firms continued to operate in Ukraine, despite the war, with many relying on digital operations or moving sites to stay in business, he added. The number of internally displaced persons had also gone down to around 3.7 million, compared with 5.4 million in spring 2023.

Persons: Andrea Shalal WASHINGTON, Arup Banerji, Banerji, Andrea Shalal, Jonathan Oatis Organizations: World Bank, United, European Commission Locations: United Nations, Eastern Europe, Donetsk, Kharkiv, Luhansk, Zaporizhzhia, Kherson, Kyiv, Ukraine, Ukrainian

☆ Mercedes's Toto Wolff previews Formula 1's big bet on Las Vegas with upcoming grand prix
▼ + stars: | 2023-11-13 | 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 EmailMercedes's Toto Wolff previews Formula 1's big bet on Las Vegas with upcoming grand prixToto Wolff, Mercedes-AMG Petronas Team Principal and CEO, joins 'Squawk on the Street' to discuss how important the Nevada Grand Prix is for the future of Formula 1, how Wolff quantifies the impact of the race on F1, and how problematic dominance is in the space.

Persons: Mercedes's Toto Wolff, Toto Wolff, Mercedes, Wolff Organizations: Las Vegas, Team Locations: Nevada

☆ Elon Musk's X restructuring curtails disinformation research, spurs legal fears
▼ + stars: | 2023-11-06 | by ( Sheila Dang | ) www.reuters.com time to read: +9 min

It also shows a majority of survey respondents fear being sued by X over their findings or use of data. European Union regulators are also currently investigating X's handling of disinformation, which was the focus of multiple stalled or canceled independent research studies, the survey found. She helped conduct the research survey for the coalition, a global group with more than 300 members, that works to advance the study of technology's impact on society. 'X' logo is seen on the top of the headquarters of the messaging platform X, formerly known as Twitter, in downtown San Francisco, California, U.S., July 30, 2023. Short-form video app TikTok announced an academic research API earlier this year, but its onerous terms and conditions limit its usefulness for researchers, said Megan A.

Persons: Elon, Musk's, Josephine Lukito, Musk, Carlos Barria, Lukito, Tim Weninger, Megan A, Brown, X, CCDH, Imran Ahmed, Bond Benton, Linda Yaccarino, Sheila Dang, Zeba Siddiqui, Martin Coulter, Supantha Mukherjee, Kenneth Li, Anna Driver Organizations: Social, Reuters, Twitter, Coalition for Independent Technology Research, Center, Union, University of Texas, San, EU, Reuters Graphics, REUTERS, University of Notre Dame, New York University, Tech Policy Press, Facebook, Montclair State University, Sprinklr, Thomson Locations: Israel, Gaza, quantifies, U.S, Australian, Austin, San Francisco, San Francisco , California, China, Sprinklr, London, Stockholm

☆ As cloud tech powers the world's most popular sports leagues, everyone from executives and coaches to players and fans reap the benefits
▼ + stars: | 2023-10-05 | by ( Nicholas Fearn | ) www.businessinsider.com time to read: +12 min

Cloud technology has proved a powerful tool for sports organizations around the world. This article is part of "Build IT," a series about digital tech and innovation trends that are disrupting industries. Cloud data and services are accessible anytime and from any location. AWSShe said AWS clients such as the German professional football league Bundesliga used cloud tech for improving the fan experience. "Every single element of this needs cloud services, scale, flexibility, security, and interoperability, which is a very important aspect."

Persons: —, Julie Souza, Drew Crisp, " Crisp, Crisp, Derek Schiller, Paola Olivari, Olivari, Lionesses, Alex Greenwood, Katie Robinson, Lotte Wubben, Naomi Baker, they're, Brian Shield, Souza, Ross McGraw Organizations: Service, Web Services, Amazon Web Services, Bundesliga, AWS, NFL, Liverpool FC, Liverpool Football, Atlanta Braves, Payments, Global Payments, Google, Football Association, FA, Boston Red Sox, East Coast MLB, Amazon Prime, Technology Locations: Moy, St, George's, Fenway

☆ Here are Monday's biggest analyst calls: Apple, Meta, Rivian, Nvidia, Amazon, U.S. Steel, FedEx & more
▼ + stars: | 2023-10-02 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Monday's biggest calls on Wall Street: Goldman Sachs adds Nvidia to the conviction buy list Goldman said the stock is well positioned to benefit for AI. UBS initiates Sunnova as buy UBS said the solar company is best positioned to take share. Morgan Stanley upgrades U.S. Steel to overweight from equal weight Morgan Stanley said in its upgrade of the steel stock that the transformation continues. UBS reiterates Amazon as buy UBS raised its price target on Amazon to $180 per share from $175 and says it's bullish on ads in Prime video content. Morgan Stanley reiterates TJX Companies as overweight Morgan Stanley said it's sticking with its overweight rating after a meeting with company management.

Persons: Goldman Sachs, Goldman, bullish, Evercore, RIVN, Gordon Haskett, Piper Sandler, Piper, Jefferies, Truist, Wells, ROY, SolarEdge, Morgan Stanley, Davidson, CLX, it's Organizations: Nvidia, UFC, WWE, UBS, NOVA, Susquehanna, FedEx, Meta Connect, Microsoft, Barclays, JPMorgan, Apple, Steel, Bank of America, NSC, Amazon, TJX Companies Locations: PODD, GLP, 3Q23, 2Q23, 1Q23, 4Q23, Europe, Bank of America downgrades Norfolk Southern

☆ Microsoft and Paige are building the world's largest AI model for detecting cancer
▼ + stars: | 2023-09-07 | by ( Ashley Capoot | ) www.cnbc.com time to read: +6 min

The AI model is training on an unprecedented amount of data that includes billions of images, according to a release . Paige also built an AI model that can help pathologists identify breast cancer, colon cancer and prostate cancer when it appears on the screen. But in order to expand its operations and build an AI tool that can identify more cancer types, Paige turned to Microsoft for help. Over the past year and a half, Paige has been using Microsoft's cloud storage and supercomputing infrastructure to build an advanced new AI model. Paige's original AI model used more than 1 billion images from 500,000 pathology slides, but Fuchs said the model the company has built with Microsoft is "orders of magnitude larger than anything out there."

Persons: Paige, Fuchs, Thomas Fuchs, Andy Moye, ChatGPT, Moye, Desney Tan, Tan Organizations: CNBC, Food and Drug Administration, Memorial Sloan Kettering Cancer Center, Netflix, Microsoft, Microsoft Health Futures, Cornell Locations: New York

☆ Meta, OpenAI, Anthropic and Cohere A.I. models all make stuff up — here's which is worst
▼ + stars: | 2023-08-17 | by ( Hayden Field | ) www.cnbc.com time to read: +3 min

That's all according to a Thursday report from researchers at Arthur AI, a machine learning monitoring platform. AI hallucinations occur when large language models, or LLMs, fabricate information entirely, behaving as if they are spouting facts. Meta's Llama 2, on the other hand, hallucinates more overall than GPT-4 and Anthropic's Claude 2, researchers found. In a second experiment, the researchers tested how much the AI models would hedge their answers with warning phrases to avoid risk (think: "As an AI model, I cannot provide opinions"). "Making sure you really understand the way the LLM performs for the way it's actually getting used is the key."

Persons: Claude, Arthur AI, It's, Adam Wenchel, Arthur, OpenAI's, Claude 2, Wenchel, that's Organizations: Microsoft, Arthur, CNBC, New, Moroccan Locations: New York

☆ Phoenix suffers a record 31 straight days of 110-degree highs, and more heat is on the way
▼ + stars: | 2023-08-01 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +2 min

On Monday, Phoenix finally stopped adding new notches to its record of consecutive days with heat of 110 degrees Fahrenheit or higher, but more hot days are just around the corner. The high temperature at Phoenix Sky Harbor Airport reached 108 degrees on Monday, according to a social media post from the National Weather Service in Phoenix. That high on Monday ended the 31-day record of consecutive days of high temperatures of 110 degrees Fahrenheit or higher. "Wednesday will mark the start of a warming trend with high temperatures eventually expected to once again top 110 degrees over much of the lower deserts by Friday. An Excessive Heat Watch has been issued for much of south-central Arizona from Friday through Sunday," the National Weather Service said.

Organizations: Sky Harbor, National Weather Service, NWS, Arizona State Climatologist, Climate Office, CNBC Locations: Phoenix, Arizona

☆ These are the 10 American states that are the most prepared for extreme weather
▼ + stars: | 2023-07-28 | by ( Scott Cohn | ) www.cnbc.com time to read: +9 min

But NOAA puts the Ohio Valley at the low end of its Climate Extremes Index, which considers temperatures, precipitation, drought and hurricanes. 2023 Infrastructure score: 205 out of 390 points (Top States grade: C+) Climate Extremes Index: 8.7% Properties at risk: 2.1% Renewable energy: 12.3%8. 2023 Infrastructure score: 231 out of 390 points (Top States grade: B) Climate Extremes Index: 23.68% Properties at risk: 4.2% Renewable energy: 42.5%5. 2023 Infrastructure score: 254 out of 390 points (Top States grade: A-) Climate Extremes Index: 8.7% Properties at risk: 2.7% Renewable energy: 34.6%2. 2023 Infrastructure score: 193 out of 390 points (Top States grade: C) Climate Extremes Index: 19.78% Properties at risk: 9% Renewable energy: 84%1.

Persons: Jeremy Porter, they're, Porter, John Boyd , Jr, Seth Herald, Joe Biden, Adam J, Brian Snyder, Jim Mracek, Andrew Lichtenstein, Helen H, Richardson, Marshall, Jewel Samad, James McGath, Cole Ruud, Nicole Neri, Scott Olson, Biden, Daniel Acker Organizations: Street Foundation, The Boyd Company, Micron, CNBC, First, Atmospheric Administration, U.S . Department of Energy, Tennessee, NOAA, Seth, AFP, Getty, Volunteer State, Michigan, Dewey, Anadolu Agency, Great, Great Lakes State, FEMA, Green, Nebraska, Corbis, Cornhusker, Colorado Firefighters, National Center for Atmospheric Research, Denver Post, Centennial, Kansas, Oklahoma Electric, Sooner State, Energy Department, Washington Post, North Star State, Mount, Iowa, Bloomberg Locations: New York, States, Memphis , Tennessee, Tennessee, Ohio, Royal Oak, MI, Metro Detroit, Royal Oak , Michigan, United States, Great Lakes, Michigan, Vermont, Montpelier , Vermont, Nebraska, Cass County, Boulder , Colorado, Colorado, Dodge City , Kansas, Kansas, Moore , Oklahoma, Sooner, Oklahoma, Minnesota, Stillwater, Stillwater , Minnesota, St, Croix, Dakota, Salem , South Dakota, Mount Rushmore, South Dakota, Gowrie , Iowa, U.S

☆ These are the states in America that are the least prepared for extreme weather
▼ + stars: | 2023-07-28 | by ( Scott Cohn | ) www.cnbc.com time to read: +11 min

Some states are in good shape to handle whatever the climate throws at them, but these are the states most at risk. 2023 Infrastructure score: 228 out of 390 points (Top States grade: B) Climate Extremes Index: 21.16% Properties at risk: 45.2% Renewable energy: 10.6%9. 2023 Infrastructure score: 165 out of 390 points (Top States grade: D) Climate Extremes Index: 8.7% Properties at risk: 2.8% Renewable energy: 12%8. Connecticut is home to the nation's first "green bank," which uses public dollars to leverage private investment in renewable energy. 2023 Infrastructure score: 227 out of 390 points (Top States grade: B) Climate Extremes Index: 21.16% Properties at risk: 61% Renewable energy: 12.5%1.

Persons: Jeremy Porter, York Snow, Joed Viera, Kelly Giddens, Daniel Hinton, Jessica Mcgowan, wades, Tim Boyle, Tony Evers, Scott Olson, Josh Edelson, Gavin Newsom, —, Marcellus, Tom Wolf, Josh Shapiro, Ida, Brendan McDermid, Hurricane Ida, Richard Bunting, Alex Hamilton, Hurricane Irene, Mark Wilson, Joe Biden's, Ted Shaffrey, Hurricane Nicole, Paul Hennessy, Marco Bello Organizations: Street Foundation, CNBC, Business, First, Oceanic, Atmospheric Administration, NOAA, U.S, Department of Energy, Afp, Getty, National Weather Service, Micron Technology, Alabama, University of Alabama, Illinois —, Badger State, Gov, Carolina, Carolinas, AFP, EQT Corp, Bloomberg, Reuters, Garden, State, Anadolu Agency, Sunshine State, Farmers Insurance, AAA Locations: States, York, Buffalo , New York, Empire, New York, Syracuse, Alabama TUSCALOOSA, AL, Cedar, Tuscaloosa , Alabama, Texas, Oklahoma, Alabama, Gulf, Wisconsin, Prairie du Chien , WI, Hurricane, Charleston , South Carolina, Florida, Georgetown , South Carolina, South Carolina, California, Oroville, Oroville , California, , California, Pennsylvania, Washington Township , Pennsylvania, U.S, Jersey, Oakwood, Elizabeth , New Jersey, Garden State , New Jersey, New Jersey, Delaware, Lewes , Delaware, Rhode, Connecticut, New Haven , Connecticut, Wilbur, , Florida, Louisiana, Kenner , Louisiana

The study — by Opportunity Insights, a group of economists based at Harvard who study inequality — quantifies for the first time the extent to which being very rich is its own qualification in selective college admissions. The result is the clearest picture yet of how America’s elite colleges perpetuate the intergenerational transfer of wealth and opportunity. Less than 1 percent of American college students attend the 12 elite colleges. For the several elite colleges that also shared internal admissions data, they could see other aspects of students’ applications between 2001 and 2015, including how admissions offices rated them. Share of admitted students who were recruited athletes at selected elite colleges Recruited athletes at elite colleges were much more likely to come from the highest-earning households.

Persons: ”, Susan Dynarski, Raj Chetty, John N . Friedman of Brown, David J . Deming, Christopher L, “, Neil Gorsuch, didn’t, Ivy, Dynarski, Pell, You’re, Michael Bastedo, Bastedo, John Morganelli, don’t, It’s, you’re, Jana Barnello, Stuart Schmill, “ It’s Organizations: Elite College, Ivy League, Opportunity, Harvard, Stanford, Duke, University of Chicago, Harvard Graduate School of Education, Princeton, Notre Dame, Public, University of Texas, University of Virginia, Fortune, University of Michigan, New York Times, Dartmouth, University of Michigan’s School of Education, Cornell, College Board, Brown, University of California Locations: M.I.T, America, Northwestern, N.Y.U, Austin, United States, California, U.C.L.A

☆ The DC Circuit just upheld a controversial law aimed at protecting sex trafficking victims. Advocacy groups say it 'inadvertently encouraged the kind of abuse it sought to eradicate,' as more women ar
▼ + stars: | 2023-07-16 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +7 min

Consensual sex workers and advocates say the law, an addition to Section 230, makes them less safe. I was doing online work in the past and this feels more dangerous' or 'I've experienced assault' since it happened," Cleary told Insider. After FOSTA was passed, sex workers, advocates, and some anti-trafficking groups predicted this outcome, warning lawmakers that the overbroad law would lead to a chilling effect and reduced resources for consensual sex workers and trafficking victims. If this law has had an effect on rates of trafficking in the United States, it has evidently only increased the risks sex workers and trafficking survivors face." "As Bardot Smith has said, 'Sex workers are often the canaries in the coal mine,'" Kendra Albert, the cyberlaw clinic instructor at Harvard Law School, told WHYY.

Persons: Rebecca Cleary, I've, Cleary, FOSTA, they're, SESTA, Lexi, HuffPost, TechDirt, Bardot Smith, Kendra Albert, WHYY Organizations: DC, Service, Communications, Twitter, Baylor University and West Virginia University, Craigslist, Harvard Law School Locations: Wall, Silicon, United States, Florida

☆ A new Texas law will override mandated rest and water breaks for construction crews as extreme heat rises
▼ + stars: | 2023-06-29 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +4 min

Some construction crews in Texas are no longer guaranteed water breaks under a new law. Critics say the law will override the few protections that construction workers in Austin and Houston are guaranteed, including 10-minute breaks every four hours to drink water and rest in the shade. The agency in 2021 started collecting information to help inform a national heat standard for indoor and outdoor workers, but a final rule could be years away. Mahaleris said the law wouldn't prohibit people from taking water breaks. "Access to drinking water and bathrooms, taking breaks in the shade — and there's also an education component that's important."

Persons: Greg Abbott, Daniela Hernandez, Abbott, Andrew Mahaleris, Mahaleris, Hernandez, Lulu Flores, there's Organizations: Service, Central America, Workers Defense Project, Occupational Safety, Health Administration, OSHA, Texans, Big, National Park Service, US Postal Service, Democrat, Austin, GOP Locations: Texas, Texas , Louisiana, Mexico, Central, Austin, Houston, Texas . Texas, California , Minnesota, Washington, North Texas, West Virginia, East Texas

☆ The 11 world cities with the best quality of life
▼ + stars: | 2023-06-22 | by ( Madison Hoff | ) www.businessinsider.com time to read: +3 min

Vienna is still the most livable city in the world, according to the Economist Intelligence Unit's Global Liveability Index for 2023. That's according to this year's Global Liveability Index from the Economist Intelligence Unit (EIU) that was just published. The index is based on five categories measuring various aspects of the quality of life in each city, such as healthcare and infrastructure. The infrastructure category for instance includes things like the "quality of public transport," and the "availability of good quality housing," per the report. 1 last year too out of 172 cities instead of 173 cities, as Kyiv, Ukraine, wasn't part of the ranking last year.

Persons: — Organizations: Economist Intelligence, Service, Economist Intelligence Unit, Vienna, Osaka Locations: Vienna, Osaka, Japan, Auckland , New Zealand, That's, Kyiv, Ukraine, Copenhagen, Denmark, Vancouver, Canada, Auckland, Melbourne, Australia

☆ How to Spot Robots in a World of A.I.-Generated Text
▼ + stars: | 2023-02-17 | by ( Keith Collins | ) www.nytimes.com time to read: +9 min

A detection tool that knew which words were on the special list would be able to tell the difference between generated text and text written by a person. That would be especially helpful for this generated text, as it includes several factual inaccuracies. By contrast, the detection tool OpenAI released requires a minimum of 1,000 characters. A person could repeatedly edit generated text and check it against a detection tool until the text is identified as human-written — and that process could potentially be automated. By that time, educators and researchers had already been calling for tools to help them identify generated text.

The Competition Commission of India (CCI) in October fined Alphabet Inc-owned Google (GOOGL.O) $161 million for exploiting its dominant position in Android, which powers 97% of smartphones in India, and asked it to change restrictions imposed on smartphone makers related to pre-installing apps. "Google will be required to make far-reaching changes to the Android mobile platform which has been in place for the last 14-15 years." Google licenses its Android system to smartphone makers, but critics say it imposes restrictions like mandatory pre-installation of its own apps that are anti-competitive. The CCI in October ordered Google to not prohibit un-installing of its apps by Android phone users in India -- currently, one can't delete apps such as Google Maps or YouTube from their Android phones when they come pre-installed. "No other jurisdiction has ever asked for such far-reaching changes based on similar conduct," Google said in its court submissions.

☆ Biogen’s $11 bln Alzheimer’s gain has cushion
▼ + stars: | 2022-09-28 | by ( Robert Cyran | ) www.reuters.com time to read: +3 min

NEW YORK, Sept 28 (Reuters Breakingviews) - An effective treatment for Alzheimer’s disease has long been the holy grail for drug companies. The $11 billion pop in Biogen’s (BIIB.O) market capitalization on Wednesday morning looks impressive but implies some skepticism that Japan’s Eisai (4523.T), and its partner Biogen, have found it. If the drug is priced at $20,000 a patient annually after discounts, it implies around 330,000 take it. Considering the disease affects far more people globally and there are no effective treatments, this seems like a low bar. Eisai will present the study’s results in late November and said it will publish the results in a peer-reviewed journal.

☆ Twitter hunts for documents showing possible connection between Elon Musk and former executive turned whistleblower Peiter 'Mudge' Zatko
▼ + stars: | 2022-09-22 | by ( Kali Hays | ) www.businessinsider.com time to read: +5 min

Zatko accused Twitter of lax security and other missteps during his time as a top executive. He also sided with Elon Musk in claiming "bots" are improperly quantified on the platform. Twitter now wants to know if Zatko has had prior dealings with Musk or those on his side of the deal. He also openly sided with Musk and his claims that Twitter hosts more "bots" or fake accounts that it publicly discloses. A section of Zatko's disclosure is titled "Lying about Bots to Elon Musk" and accuses Twitter of misrepresenting how it counts and combats spam accounts, saying "Elon Musk is correct."

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