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☆ Satya Nadella just tried to show everyone who's boss in AI, again
▼ + stars: | 2024-04-18 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

Satya Nadella is hoping to prove he's the shrewdest dealmaker in AI. Microsoft just put $1.5 billion in UAE firm G42 while getting it to divest its China ties. G42 has been linked to a chip venture led by Microsoft's other main AI bet, OpenAI. Last month, Nadella pulled off a big coup by hiring Mustafa Suleyman, a DeepMind cofounder and Inflection AI CEO, and several of his software engineers to head up a new AI division at Microsoft. InflectionThe move involved a $650 million payment to Inflection AI that would also allow Microsoft to license Inflection's AI models.

Persons: Satya Nadella, —, Redmond, Peng Xiao, hasn't, Sam Altman, Nadella, Brad Smith, who's, …, Altman, Mustafa Suleyman, Mistral Organizations: Microsoft, Service, OpenAI, Huawei Locations: UAE, China, Abu Dhabi, DarkMatter, Beijing, @G42ai, OpenAI, Paris

☆ 5-Hour Energy billionaire Manoj Bhargava sued by the owner of Sports Illustrated for $49 million after a tumultuous takeover
▼ + stars: | 2024-04-01 | by ( Jack Newsham | ) www.businessinsider.com time to read: +5 min

The owner of the Sports Illustrated brand filed a lawsuit Monday against the magazine's old publisher. The Arena Group lost SI, its crown jewel, after 5-Hour Energy owner Manoj Bhargava took control. In a lawsuit, Authentic Brands Group says Bhargava threatened to "go nuclear" and seeks $49 million. "ABG does not comment on pending litigation," a spokesperson for Authentic Brand Groups said. AdvertisementBhargava and Arena Group also declined to comment.

Persons: Manoj Bhargava, Bhargava, —, ABG, Ross Levinsohn, steamroll, Rob Barrett, Ron Wyden, Brooks, Derek Jeter Organizations: Sports Illustrated, Group, Energy, Authentic Brands, Service, Illustrated, Arena Group, Sports, Authentic, Arena, NCAA, Brand Groups, Reebok, Brooks Brothers, Media, Players ' Tribune, SI.com Locations: Michigan, Swiss

Save America was once so flush with cash that Trump’s political operation used its money to seed a super PAC, MAGA Inc., that advertises in support of his presidential campaign. But as Trump’s legal bills have grown and its cash dwindled, Save America clawed back more than $42 million in refunds from the super PAC last year. The super PAC supporting her candidacy, SFA Fund, spent more freely. Its year-end report shows that the group raised $50.2 million and spent $63.7 million between July and December. The substantial burn rate left the super PAC with just $3.5 million in cash on hand entering 2024.

Persons: Joe Biden, Donald Trump’s, Biden, Nikki Haley, Haley, Haley’s, Trump, “, ”, Ken Griffin, Jan Koum, Paul Singer, Jim Davis, Griffin, Singer, George Soros, Eric Schmidt, Shonda Rhimes, Ron DeSantis ’, DeSantis, Donors Organizations: CNN, Trump, GOP, South Carolina Gov, Federal, Republican, Save America PAC, Make, PAC, FEC, Save, MAGA Inc, SFA Fund, SFA, Palmetto State, Haley, Citadel, New, American Opportunity Alliance, Hollywood, DeSantis Locations: Iowa, New Hampshire, Save America, South Carolina, Palmetto, Florida

☆ Even with inflation cooling, Jim Cramer says the Fed has no choice but to keep tightening
▼ + stars: | 2023-07-12 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer asserted Wednesday that the Federal Reserve is not done tightening, even as inflation seems to be on the decline because the consumer price index is no longer so scorching hot. "Unfortunately, even with inflation cooling, the Fed has no choice but to keep tightening, if only to offset the tidal wave of inflation caused by all the government spending that's about to steamroll this economy," he said. Cramer listed three factors that might indicate the Fed hasn't finished tightening. Cramer also highlighted the tight labor market he thinks is currently making inflation difficult to manage. "We need to stop confusing any given index with the tight labor market that makes our current bout of inflation so intractable," Cramer said.

Persons: CNBC's Jim Cramer, Cramer, he's, they'll Organizations: Federal Reserve, Fed, CPI

Trademark Office to cancel two smaller rivals' "Taco Tuesday" trademarks in what the largest Mexican fast-food chain in the U.S. called a bid to "liberate the phrase for restaurants nationwide." Taco Bell's petitions said the trademarks, owned by Gregory's Restaurant & Bar in New Jersey and Wyoming-based Taco John's in the rest of the country, wrongly monopolize the use of the phrase in the restaurant industry. "Nobody should have exclusive rights in a common phrase," the petitions said. Representatives for Taco John's, whose "Taco Tuesday" trademark registration dates to 1989, did not immediately respond to a request for comment on the petitions. The office last year cited similar reasons for rejecting a brewery's bid for a federal "Taco Tuesday" mark covering beer.

☆ CNN town hall shows the network still doesn't know how to handle Donald Trump
▼ + stars: | 2023-05-11 | by ( Alex Sherman | ) www.cnbc.com time to read: +3 min

Wednesday's 70-minute town hall with Trump, moderated by anchor Kaitlan Collins, was CNN's first big opportunity since the change of ownership to showcase itself as a network of facts. Trump has a history of peddling election fraud lies — an example of saying it's raining when it's not. At one point, bothered by Collins' consistent attempt to tether Trump to the truth, Trump called Collins "a nasty person." "If I see election fraud, I think I have an obligation to say it," Trump said. In other words, Trump said he'd suspend talk about the 2020 election fraud and then, seconds later, spoke about 2020 election fraud.

☆ Want to sound more assertive? Ditch these 4 phrases that make you look 'weak or timid,' say word experts
▼ + stars: | 2023-01-15 | by ( Kathy | Ross Petras | ) www.cnbc.com time to read: +3 min

The key is to be assertive without being overly aggressive, and you can do that by avoiding these four phrases that make you sound weak or timid:1. Don't say: "I'm sorry to bother you, but can you share the report you made for the team meeting?" Instead of saying "You always forget meetings," say "I was upset when you showed up late to Thursday's meeting." You also don't want to assign all of the blame to one person: "You ruined the presentation by not being there!" Instead, describe the situation accurately: "By coming 10 minutes late, you made the presentation more difficult by distracting the audience."

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