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☆ The West is tapping Russian money to arm Ukraine. Much more could follow
▼ + stars: | 2024-05-24 | by ( Hanna Ziady | ) edition.cnn.com time to read: +5 min

London CNN —Money generated by Russian financial assets frozen in Europe will soon start flowing to Ukraine, giving Kyiv a boost as it struggles to counter an advance by Moscow’s troops. The plan “would essentially bring forward that flow of interest proceeds from the assets… (through a loan) given to Ukraine,” Yellen told broadcaster Sky News in an interview this week. “Ukraine has substantial needs, and being able to marshal significant resources to help Ukraine is important,” she said. Most of the frozen Russian money is held in Europe, and the euro is the world’s second-most important currency after the US dollar. This would give Kyiv access to a much larger amount of money than using future or current windfall profits from Russian assets.

Persons: Janet Yellen, ” Yellen, Gabriel Bouys, Joe Biden, ” Lee Buccheit, Trade Valdis Dombrovskis, Yellen, there’s, —, Buchheit, Putin, ” Organizations: London CNN, Union, Sky News, “, US, Getty, University of Edinburgh Law School, CNN, EU, Trade, Reuters, Russia, Ukraine, World Bank Locations: Europe, Ukraine, West, Italy, Russia, Ukraine’s, Kharkiv, Frankfurt, Germany, “ Ukraine, Stresa, AFP, EU, Belgium, Kyiv

☆ Mathilde Collin built a $1.7 billion email startup by the time she was 32. She's now stepping back at an inflection point for Front.
▼ + stars: | 2024-03-25 | by ( Melia Russell | ) www.businessinsider.com time to read: +7 min

And so last fall, Collin kicked off a search for a new board director, to fill in her knowledge gaps. Now, Collin says she will step down as chief executive of Front after her hunt for a board director took an unexpected turn. She will move into an executive chair role on April 15, when O'Connell takes up the mantle as chief executive, Front tells Business Insider exclusively. Known for her sharp wit and radical candor, Collin started the business out of college in her native France. Advertisement"We're at a scale now where the CEO can't come in and sort of wave the proverbial magic wand and make things happen," said Mohammed Attar, Front's chief product officer.

Persons: Mathilde Collin, Collin, Dan O'Connell, O'Connell, Garry Tan, Paul Buchheit, Jack Altman, Kyle Vogt, Cruise, Jeff Lawson, Mohammed Attar, —, Josh Stein, Stein Organizations: Service, Business, Dialpad, Front Locations: San Francisco neighborhood, France, Dialpad

☆ Explainer-How the West Might Use Russia's Frozen Reserves
▼ + stars: | 2024-03-12 | by ( March | At P.M. | ) www.usnews.com time to read: +5 min

Here are some of the ideas that have been suggested:CONFISCATIONSome international policymakers and lawyers say the immobilised Russian reserves can simply be confiscated under a doctrine of international law known as "countermeasures". Some in the bloc are still wary, though, and the European Central Bank has warned that claiming the trapped Russian assets should only be done in tandem with G7 powers. The bondholders would not have a contractual claim on the Kremlin’s frozen reserves. Ukraine would have a plausible way to collect on any damages awarded up to the value of the reserves. If Moscow refused to pay the damages, the allies could then use Russia’s frozen assets to pay off the loan.

Persons: Marc Jones, Lee Buchheit, Daleep Singh, Mark Heinrich Organizations: Marc Jones LONDON, Emergency Economic, U.S, European Central Bank Locations: Ukraine, Russia, Kuwait, United States, EU, Russian, Brussels, Belgium, U.S, Britain, China, Hong Kong, Dubai, Moscow

SCOTTSDALE, Ariz. (AP) — Jazz Chisholm Jr. got disappointing news on his 26th birthday, losing to the Miami Marlins in the first salary arbitration decision of the year. The outfielder will be paid $2,625,000 rather than his $2.9 million request, Margaret Brogan, Jeanne Vonhof and Scott Buchheit ruled Thursday. He went 0 for 8 with four strikeout as the Marlins were swept by Philadelphia in their NL Wild Card Series. Chisholm had a $749,500 salary last year and was eligible for arbitration for the first time. Photos You Should See View All 45 ImagesMiami also is scheduled for hearings with second baseman Luis Arraez ($12 million vs. $10.6 million) and left-hander Tanner Scott ($5.7 million vs. $5.15 million).

Persons: Jazz Chisholm, Margaret Brogan, Jeanne Vonhof, Scott Buchheit, Chisholm, Luis Arraez, Tanner Scott, Arraez, Austin Hays, José Suarez, Joshua Gordon, Walt De Treux, Howard Edelman, Suarez, ___ Organizations: Miami Marlins, Marlins, NL, Miami, AL, Minnesota, Baltimore Orioles, Angels Locations: SCOTTSDALE, Ariz, Philadelphia, Angeles

☆ ChatGPT's founder blasts Google as a 'lethargic search monopoly' as the tech giant's AI war with Microsoft heats up
▼ + stars: | 2023-02-08 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

OpenAI CEO Sam Altman called Google a "lethargic search monopoly" in an interview on Tuesday. Google has said it's own ChatGPT rival, Bard, will be coming to the public in a matter of weeks. Altman said he sees tremendous upside to Microsoft's decision to incorporate OpenAI's technology into its search engine. Microsoft announced the integration of an AI language model into its "new Bing" search engine on Tuesday. Google's search engine represented over 91% of the global search market in the past 12 months, while Bing accounted for about 3%, according to data from SimilarWeb.

☆ Gmail creator warns Google is 'only a year or two away from total disruption' because of AI like ChatGPT
▼ + stars: | 2023-02-01 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

Gmail creator Paul Buchheit says Google is only one or two years away from "total disruption" due to AI chatbots. The engineer said advancements in AI like ChatGPT could make Google's search engine irrelevant. "Google may be only a year or two away from total disruption," Buchheit tweeted on Wednesday. "AI will eliminate the Search Engine Result Page, which is where they make most of their money. At the time, The Information had reported that Microsoft planned to use ChatGPT to power its own search engine, Bing.

☆ How Google’s long period of online dominance could end
▼ + stars: | 2023-01-26 | by ( Brian Fung | ) edition.cnn.com time to read: +7 min

This week, the Justice Department accused Google of running an illegal monopoly in its online advertising business and called for parts of it to be broken up. In the meantime, two other thorny issues are poised to determine Google’s future on a potentially shorter timeframe: The rise of generative artificial intelligence and what appears to be an accelerating decline in Google’s online ad marketshare. An ad sales machine under pressureAll this has taken place against the backdrop of what seems to be an extended, multi-year decline in Google’s online advertising marketshare. One-off factors like the pandemic and the war in Ukraine, as well as fears of a looming recession, have broadly affected the online advertising industry. Whatever the cause, Google’s advertising business, which is still massive, seems to face growing headwinds.

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