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OpenAI is said to be closing a funding round that could value the company at as much as $150 billion. "Kushner is betting the ranch on OpenAI and Sam Altman just as Masa Son pledged 40% of his Vision Fund on Yahoo and Jerry Yang. "Second, Sam Altman has proven himself to be one of the greatest tech founders of this generation. Sam Altman has said that AI superintelligence could be a reality within "a few thousand days ." "Everybody wants Sam Altman at the helm, and they're willing to do anything to keep him as the CEO.

Persons: OpenAI, —, Sam Altman, ChatGPT, Mira Murati, Bob McGrew, Barret Zoph, Murati's, John Schulman's, Joe Aaron, Aaron, Capital's Josh Kushner, Kushner, Masa Son, Jerry Yang, Jerry Yang wasn't, Jai Das, Goldman Sachs, who's, Altman, they've, Ben Narasin, They're Organizations: Service, Research, Post, Reuters, Nvidia, Apple, Fund, Yahoo, Sapphire Ventures, Venture Locations: Silicon, UAE, OpenAI

☆ CNBC's Inside India newsletter: Can India grow as fast as China did?
▼ + stars: | 2024-09-26 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

Yet, India's central bank appeared to dismiss the negativity earlier this month and reiterated its bullish view of India's growth rate, still expecting the economy to grow by 7.2%. However, when prompted on whether India's growth rate could compete with what China has already achieved for over two decades, the governor was less buoyant. But if you are looking at 10-plus growth, before I venture into that, I have to really do my homework much more," Governor Das said. This week, China's central bank, President Xi Jinping and other top leaders announced plans to boost the country's economy and attract investment. If India intends to grow as fast as China did, it may have to get a move on.

Persons: Goldman Sachs, CNBC's Tanvir Gill, Shaktikanta Das, Das, Narendra Modi, he's, –, Xi Jinping, David Tepper, he'd, Kaanhari Singh Organizations: Bank of America, Deutsche Bank, Reserve Bank of India, CNBC, Bank, Appaloosa Management, Barclays Locations: Wall, India, China

☆ Trump Media looks to snap sell-off amid DJT post-lockup trading frenzy
▼ + stars: | 2024-09-24 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +1 min

DJT shares climbed as much as 7% in heavy trading shortly after the opening bell. The upswing followed six straight trading days in the red, which drove Trump Media stock down more than 32%. Stock Chart Icon Stock chart icon Trump Media (DJT) Stock PriceThat dive was just the latest negative stretch in a monthslong slump for Trump Media, which went public in late March after completing a merger with a special purpose acquisition company. Since surging to an intraday peak of $79.38 per share in its Nasdaq debut, Trump Media stock has lost more than 84% of its value. On Monday, the stock fell to its lowest point since before October 2021, when news of a planned merger between Trump Media and the SPAC, Digital World Acquisition Corp., was first made public.

Persons: Donald Trump Organizations: Getty Images Trump Media, Truth, Trump Media, Nasdaq, Trump, Republican

☆ The hottest AI startups are raising back-to-back funding rounds. Suddenly, it's feeling very 2021 in Silicon Valley for a chosen few.
▼ + stars: | 2024-09-20 | by ( Ben Bergman | Melia Russell | ) www.businessinsider.com time to read: +11 min

Read previewIn February, Glean announced a $200 million funding round valuing the AI enterprise software startup at $2.2 billion. AdvertisementThe transaction is the latest in a string of dizzying back-to-back funding rounds at ever-higher valuations for a handful of AI startups that stand in stark contrast to the doldrums of the overall market for startups. Earlier this year, Sakana raised $30 million in a seed funding round led by Lux Capital. Slingshot AI, which has built an automated mental health counselor, also raised separate rounds of funding just months apart. Advertisement"VCs are increasingly faced with frequent requests from their hot AI companies to follow on or double down on investments," said Iris Sun, an investor at 500 Global.

Persons: —, Glean, Arvind Jain's inbox, Jain, Steve Brotman, Perplexity, SoftBank, Sakana, Gregg Hill, that's, Matt Murphy, Dario Amodei, Kimberly White, Murphy, I'd, I've, Jenny Chang, Rodriguez, Jai Das, Rajeev Dham, couldn't, Das, Sapphire, Uber, Iris Sun, Chandrasekar Organizations: Service, Business, DST Global, Alpha Partners, Bloomberg, Google, New Enterprise Associates, Khosla Ventures, Lux Capital, Parkway Venture Capital, Menlo Ventures, Getty, Sapphire Ventures, Investments Locations: Tokyo

☆ Watch CNBC's full interview with Shaktikanta Das, Reserve Bank of India's Governor
▼ + stars: | 2024-09-19 | by ( Tanvir Gill | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Shaktikanta Das, Reserve Bank of India's GovernorCNBC's Tanvir Gill spoke to Shaktikanta Das, Reserve Bank of India's governor, in an exclusive interview for CNBC Conversations. He discussed the strength of the Indian Rupee, India's inflation outlook, as well as the RBI's interest rate considerations.

Persons: Shaktikanta Das, CNBC's Tanvir Gill Organizations: Reserve Bank, India's, CNBC

☆ CNBC Daily Open: Rate cuts might not benefit tech the most
▼ + stars: | 2024-09-17 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Record close for DowThe S&P 500 and Dow Jones Industrial Average rose on Monday, with the Dow notching a record close. Next move for the BOJThe Bank of Japan won't be raising interest rates at its September meeting, according to a CNBC survey of 32 analysts. [PRO] "Golden age of fixed income"The U.S. Federal Reserve is poised to cut interest rates this week.

Persons: Shaktikanta Das, Biden, Rick Rieder Organizations: Trade Center, CNBC, Dow, Dow Jones, Nasdaq, Nikkei, U.S ., Midea Group, Hong Kong, Bank of Japan, Bank of India, Intel, U.S . Federal Locations: Manhattan, Jersey City , New Jersey, Asia, Pacific, Hong

☆ India's central bank chief plays down fears of a deposit crunch
▼ + stars: | 2024-09-17 | by ( Matt Clinch | ) www.cnbc.com time to read: +3 min

Speaking to CNBC in an exclusive interview, Reserve Bank of India (RBI) Governor Shaktikanta Das discussed the issue of slowing growth in bank deposits underperforming an expansion in loans. "So there is a gap of 350 to 400 basis points," he said, referencing the difference between credit and deposit growth. Annual figures from August put loan growth at 13.6% with deposit growth at 10.8%, according to Reuters. When lending outpaces deposits, net interest margins — or the difference between what a bank earns on loans and pays out for deposits — take a hit. India's GDP slowed to 6.7% in the second quarter compared to last year's 8.2%, piling pressure on the central bank to reverse a recent hiking cycle.

Persons: Shaktikanta Das, Das, Ashish Gupta, CNBC's Organizations: CNBC, Reserve Bank of India, Reuters, Mutual Fund, Monetary, MPC Locations: India

☆ RBI Governor: interest rate decision will be based on the future trajectory of inflation and growth
▼ + stars: | 2024-09-16 | 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 EmailRBI Governor: interest rate decision will be based on the future trajectory of inflation and growthShaktikanta Das, governor of the Reserve Bank of India, joins CNBC's Tanvir Gill in an exclusive interview, discussing India's inflation outlook, as well as the RBI's interest rate considerations.

Persons: Das, Tanvir Gill Organizations: Reserve Bank of India

☆ India can achieve sustainable growth of up to 8% in the coming years, central bank chief says
▼ + stars: | 2024-09-16 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +3 min

Punit Paranjpe | Afp | Getty ImagesIndia can achieve sustainable economic growth of up to 8% over the medium term, according to the country's central bank governor. The figures have ratcheted up pressure on the central bank to launch its own rate-cutting cycle sooner rather than later. Shaktikanta Das, governor of the Reserve Bank of India (RBI), speaks during the Global Fintech Fest 2024 in Mumbai, India, on August 28, 2024. Nurphoto | Nurphoto | Getty ImagesIt comes as major central banks have started to ease monetary policy in recent months, including the European Central Bank, the Bank of England and the Swiss National Bank. Women (silhouetted) walk past Reserve Bank of India (RBI) logo displayed at Global Fintech Fest exhibition in Mumbai.

Persons: Punit Paranjpe, CNBC's Tanvir Gill, Shaktikanta Das, Das, Goldman Sachs Organizations: Afp, Getty, Reserve Bank of India, International Monetary Fund, Nurphoto, European Central Bank, Bank of England, Swiss National Bank, The U.S . Federal Reserve, ECB, Bank of India, Global Locations: Mumbai, India, Japan, Germany, U.S, China

☆ RBI Governor: 7.5% GDP growth for India is sustainable
▼ + stars: | 2024-09-16 | 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 EmailRBI Governor: 7.5% GDP growth for India is sustainableThe Governor of the Reserve Bank of India, Shaktikanta Das, joins CNBC's Tanvir Gill in an exclusive interview to discuss India's long-term growth trajectory.

Persons: Shaktikanta Das, Tanvir Gill Organizations: Reserve Bank of India Locations: India

☆ We are not artificially keeping the Indian Rupee strong, says RBI Governor
▼ + stars: | 2024-09-16 | 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 EmailWe are not artificially keeping the Indian Rupee strong, says RBI GovernorShaktikanta Das, Reserve Bank of India's Governor discusses the reasons behind Indian Rupee's relative stability against the U.S. dollar the past 2 years.

Persons: Shaktikanta Das Organizations: Reserve Bank, India's, U.S .

☆ RBI Governor: Monitoring for any signs of stress in banking sector
▼ + stars: | 2024-09-16 | 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 EmailRBI Governor: Monitoring for any signs of stress in banking sectorShaktikanta Das, the Governor of the Reserve Bank of India, spoke at length about the strict regulation of the NBFC sector, highlighting the RBI's commitment to maintaining India's financial stability.

Organizations: Shaktikanta Das, Reserve Bank of India

☆ New book says Bill Gates was envious of Steve Jobs' magnetism: 'How does he do that?'
▼ + stars: | 2024-08-13 | by ( Sarah Jackson | Jordan Hart | ) www.businessinsider.com time to read: +1 min

Microsoft cofounder Bill Gates and Apple cofounder Steve Jobs were two of the biggest tech CEOs of their time. While they at times were both friend and foe, Gates admired and envied Jobs' magnetism, a new book says. Gates has previously said he was "jealous" of Jobs' ability to captivate an audience. AdvertisementBill Gates and Steve Jobs were some of the most influential tech leaders of their time while at the helm of Microsoft and Apple respectively. Gates has spoken of his admiration for Jobs' magnetic persona and ability to woo a crowd, and a new book reveals further details about Gates' envy of the late Apple cofounder.

Persons: Bill Gates, Steve Jobs, Gates, envied, —, Jobs, Anupreeta Das Organizations: Service, Microsoft, Apple, New York Times, Macworld, Business

☆ Bill Gates's visits to Warren Buffett were an escape from a jam-packed schedule, new book says
▼ + stars: | 2024-08-13 | by ( Jordan Hart | Sarah Jackson | ) www.businessinsider.com time to read: +1 min

Bill Gates often visited Warren Buffett to escape his tightly scheduled life, a new book says. Gates's workday was meticulously planned, with activities broken into five-minute increments. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Every moment of the 68-year-old Microsoft cofounder's workday was meticulously planned.

Persons: Bill Gates, Warren Buffett, —, Anupreeta Das Organizations: Gates Foundation, Service, Microsoft, New York Times, Business

☆ Kolkata, India: Doctors strike to protest rape, murder of trainee medic in RG Kar Medical College and Hospital
▼ + stars: | 2024-08-13 | by ( Samra Zulfaqar | ) edition.cnn.com time to read: +3 min

Images showed doctors in Kolkata and the capital Delhi holding signs reading: “Save our doctors, save our future.” In the southern city of Hyderabad, doctors held a candlelight vigil. Police officers stand outside the emergency ward during a doctors' strike to protest the rape and murder of a medic at RG Kar Medical College and Hospital in Kolkata, India, on August 11, 2024. India has struggled for years to tackle high rates of violence against women, with a number of high-profile rape cases drawing international attention to the issue. According to India’s National Crime Records Bureau, a total of 31,516 rape cases were recorded in 2022, an average of 86 cases per day. Despite these changes, rape cases remain prevalent in the country – with victims and advocates saying the government is still not doing enough to protect women and punish attackers.

Persons: ”, Sarvesh Pandey, Sudipta Das, Mamata Banerjee Organizations: New, New Delhi CNN, Kar Medical College, Hospital, CNN, Federation of Resident, Association, Indian Medical Association, Police, AP West Bengal, Crime Records Locations: New Delhi, India, West Bengal, Kolkata, Delhi, Hyderabad

☆ Bangladesh Puts Its Eggs in One Economic Basket. Now, a Reckoning.
▼ + stars: | 2024-08-10 | by ( Anupreeta Das | ) www.nytimes.com time to read: 1 min

Not long ago, Bangladesh was hailed as an economic miracle. Its singular focus on exporting textiles and apparel delivered rapid growth, lifting millions out of poverty and winning the country’s prime minister, Sheikh Hasina, fame and admiration. But Ms. Hasina’s abrupt exit from power this week has exposed the limitations of that strategy, as Bangladesh struggles to combat steep inflation and joblessness that economists say are largely the result of poor policy decisions. Her increasingly authoritarian rule and Bangladesh’s widespread corruption only added to the frustration that boiled over and forced her ouster. Student protesters who had called for Ms. Hasina’s resignation have brought in Muhammad Yunus, a Nobel laureate and microfinance pioneer, to oversee an interim government.

Persons: Sheikh Hasina, Hasina’s, Muhammad Yunus, Yunus Organizations: Student Locations: Bangladesh

☆ Work Culture at the Gates Foundation: Bill Gates Was Domineering, Inspired Fear
▼ + stars: | 2024-08-09 | by ( Anupreeta Das | ) www.businessinsider.com time to read: +10 min

Every year, Bill Gates — and, until she left, Melinda French Gates — would hold multiple meetings with executives of the Gates Foundation to approve plans and budgets, and review strategies. For many, the meeting might be the only direct opportunity to interact with, and impress, Gates and French Gates. AdvertisementGates and French Gates followed the presentations closely, usually saving questions for the end. The former couple sought to maintain a professional relationship, giving themselves at least two years to see if they could work together, with the understanding that French Gates would leave if they couldn't. One former senior employee compared the style of discussion to the Socratic method, often used in law schools by professors who push students to reasoning through dialogue.

Persons: Bill Gates —, Melinda French Gates, Gates, Louis XIV, —, opprobrium, Gates —, Bill Gates, Simon, It's, Melinda weren't, hasn't, Warren Buffett —, outargue Gates, seethed, Anupreeta Das Organizations: Gates Foundation, Business, Employees, Avid Reader Press, Simon & Schuster, Inc, HBO, Microsoft Locations: French Gates, Versailles, Gates

The president of Bangladesh on Tuesday appointed Muhammad Yunus, a pioneer in microfinance who is a Nobel laureate, to oversee an interim government, accommodating demands by protesters and offering a reprieve for a country scarred by violence. The announcement from the main coordinator of the protests, Nahid Islam, came a day after Bangladesh’s authoritarian leader, Sheikh Hasina, resigned and fled the country amid a popular uprising. Mr. Islam was among a group of military officials and others present at a meeting with the president on Tuesday. Mr. Yunus, 84, is expected to lead a temporary government now that the Bangladeshi Parliament has been dissolved. Mr. Yunus, who is widely admired in Bangladesh and once made a brief foray into politics, has two immediate tasks.

Persons: Muhammad Yunus, Nahid, Sheikh Hasina, Islam, Mr, Yunus Organizations: Mr Locations: Bangladesh, Nahid Islam

They came prepared for violence. A day after about 100 people were killed in antigovernment protests, hundreds of thousands took to the streets of Dhaka, Bangladesh’s capital, defying a curfew imposed by the government and demanding the resignation of Prime Minister Sheikh Hasina. They got their wish. It remained unclear what role the military, which has seized power in the past, will play — or whether it had a hand in persuading Ms. Hasina to leave. On Monday afternoon, Gen. Waker-uz-Zaman, the Bangladesh Army chief of staff, announced her departure and said he would request the formation of an interim government.

Persons: Sheikh Hasina, Hasina, Ms Organizations: Awami League, Bangladesh Nationalist Party, Bangladesh Army Locations: Dhaka

☆ Has the Long Friendship of Bill Gates and Warren Buffett Reached Its Final Act?
▼ + stars: | 2024-08-04 | by ( Anupreeta Das | ) www.nytimes.com time to read: +1 min

In the summer of 1991, Mary Gates, the mother of the Microsoft billionaire Bill Gates, convinced her workaholic 35-year-old son to spend the July 4 holiday at Hood Canal, a scenic, outdoorsy location about two hours from Seattle that had long been the family getaway. The Oracle of Omaha, Warren Buffett, was among the guests. When Mrs. Gates tried to introduce her son to Mr. Buffett, however, he brushed her off, saying that he didn’t want to meet a “stockbroker.”But the two men hit it off immediately. Mr. Gates was surprised by the penetrating questions Mr. Buffett directed at him about the software business, and found himself warming to the avuncular Midwestern billionaire. Once, recounting the story of their meeting to students at the University of Nebraska-Lincoln, Mr. Gates called it an “unbelievable friendship.” Mr. Buffett quipped, “The moral of that is, listen to your mother.”

Persons: Mary Gates, Bill Gates, Warren Buffett, Gates, Buffett, —, ” Mr, ” Organizations: Microsoft, University of Nebraska Locations: Hood, Seattle, Omaha, Lincoln

Analyst Dan Dolev also increased his price target on shares to $31 from $17, suggesting shares could gain 19% from Tuesday's close. It also cut its price target to $24 from $38, implying downside of 16.7%. To be sure, he trimmed his price target to 21 euros from 24 euros. Analyst Joseph Moore named the chipmaker a top pick, reiterating his overweight rating and $144 price target. Nvidia shares have more than doubled this year.

Persons: Morgan Stanley, Nomura, Dan Dolev, Dolev, UPST, Dole, — Hakyung Kim, Samik Chatterjee, Chatterjee, Hakyung Kim, Anindya Das, Das, Joseph Moore, Moore, Fred Imbert Organizations: CNBC, Mizuho, Holdings, underperform, JPMorgan, TAM, Nomura, America, Nvidia Locations: Mizuho, Tuesday's, North America, U.S, Europe

ET Aurelien BreedenJohn Yoon andService on three high-speed train lines in France was disrupted on Friday because of arson attacks, the national railway company said, causing travel chaos on the day of the Opening Ceremony of the Olympics in Paris. “A massive attack took place last night to paralyze the high-speed rail network,” the railway company, S.N.C.F., said in a statement. Traffic was “severely disrupted” on three lines where fires had been set: the Atlantic, Northern and Eastern lines, the company said, and many trains had been canceled. The mood was already tense in Paris, where security has been tightening for weeks ahead of Friday night’s Opening Ceremony. The company said that another attack had been thwarted on the line that connects Paris to southeastern France.

Persons: Yoon, Patrice Vergriete Organizations: Olympic, Firefighters Locations: France, Paris, Northern, Arras, Lille, Courtalain

☆ The Paris Olympics Opened in Spectacular Style
▼ + stars: | 2024-07-26 | by ( Matthew Cullen | ) www.nytimes.com time to read: +1 min

Nearly 7,000 athletes from 206 delegations were ferried down the Seine today in an extravagant and star-studded opening ceremony to kick off the Olympic Games in Paris. And Celine Dion closed out the night with a triumphant return to the stage. Some competitions have already begun, but the Games move into full swing tomorrow with men’s basketball, tennis and women’s swimming (including the exciting 400-meter freestyle). “Gymnastics, swimming and track remain the heartbeat of the Games,” Andrew Das, our lead Olympics editor, told me. “Good stories there will make any Olympics more memorable.”

Persons: Celine Dion, ” Andrew Das Organizations: Olympic Games, “ Locations: Paris

On Today’s Episode:Arson Disrupts Trains Ahead of Opening Ceremony at Olympics, by Aurelien Breeden, John Yoon and Andrew DasHarris Narrows Gap Against Trump, Times/Siena Poll Finds, by Shane Goldmacher, Ruth Igielnik and Camille BakerObama Endorses Harris for the Democratic Nomination, by Jazmine Ulloa and Reid J. EpsteinSpeculation Swirls About What Hit Trump. An Analysis Suggests It Was a Bullet, by Malachy Browne, Devon Lum, and Alexander CardiaTwo Top Mexican Cartel Leaders Are Arrested by U.S. Authorities, by Alan Feuer and Natalie Kitroeff

Persons: Aurelien Breeden, John Yoon, Andrew Das, Shane Goldmacher, Ruth Igielnik, Camille Baker Obama, Harris, Jazmine Ulloa, Reid J, Epstein, Malachy Browne, Devon Lum, Alexander Cardia, Alan Feuer, Natalie Kitroeff Organizations: Times, Democratic, Mexican, U.S . Authorities Locations: Trump

☆ Harris’s Indian Heritage Is Deeply Felt if Little Advertised
▼ + stars: | 2024-07-24 | by ( Anupreeta Das | ) www.nytimes.com time to read: +1 min

Tamil Nadu, the South Indian state where her mother’s family is from, is one of India’s largest growers of coconut palms. It’s also the kind of thing an Indian parent might say. Ms. Harris, the vice president and Democratic candidate for president, neither advertises nor shies away from her Indian heritage. Last year, Ms. Harris spoke of her deep personal connection to India at a luncheon in Washington for Narendra Modi, the Indian prime minister, whom the United States has been courting. Her introduction to the concepts of equality, freedom and democracy came from her Indian grandfather, Ms. Harris said, with whom she went on long walks during her visits to Chennai.

Persons: Kamala Harris, Harris, It’s, Narendra Modi Organizations: Indian, Democratic Locations: Tamil Nadu, India, Washington, United States, Chennai

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