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☆ What it’s really like to live in Antarctica
▼ + stars: | 2024-05-23 | by ( Lilit Marcus | ) edition.cnn.com time to read: +14 min

The Minnesota native first went to the White Continent in 2007 to work as a janitor at McMurdo Base, one of the three US outposts there. She was one of half-a-dozen people staffing the world’s southernmost post office, UK-administered Port Lockroy. Counting penguins is one of the roles Port Lockroy staff have during their time in Antarctica. Once you get the Antarctica bug, Long and Nelson say, it’s pretty hard to get rid of. In a fast-paced globalized world where everyone is on their phones all the time, Antarctica offers a rare opportunity to live a different kind of life.

Persons: United States –, Keri Nelson, Amundsen, ” Nelson, “, McMurdo, Palmer, Evan Townsend, ” Keri Nelson, ”, Nelson, Scott Base, –, Scott, Keri Nelson “, Chris Long, Long, Laura Bullesbach, Bridie Martin, Laura Bullesbach doesn’t, you’re, You’re, Port Lockroy, Bullesbach, Clare Ballantyne, ” Long, Keri Nelson Long, he’s, vacationer, ” Klaus Dodds Organizations: CNN, United, Antarctic, Minnesota, Base, Scott, Palmer, grownups, McMurdo Base, McMurdo, US, Geographic, Pole, Ocean, Scott Base, Port, Lockroy, Port Lockroy, Electronics, University of London Locations: Antarctica, Chile, Japan, Australia, United States, McMurdo, New, Ross, Amundsen, New Zealand, Russian, South America, Port Lockroy, Lockroy, Port, Denver, China

A stage in northern Mexico where a presidential candidate was campaigning collapsed after a gust of wind blew through the area on Wednesday night, leaving at least five people dead and at least 50 others injured, a state governor said. The stage collapsed in a suburb of Monterrey, in the state of Nuevo León, during an event attended by the progressive candidate Jorge Álvarez Máynez and other members of the Citizens’ Movement party. The collapse was caused by strong wind, President Andrés Manuel López Obrador of Mexico said on social media. Samuel García, the governor of Nuevo León, announced the deaths and injuries in a news conference. The stage, which had been erected on a baseball field in the city of San Pedro Garza García, was the site of a campaign event for the Citizens’ Movement party’s candidate for the city’s mayoral election, Lorenia Canavati.

Persons: Jorge Álvarez Máynez, Andrés Manuel López Obrador, Samuel García, San Pedro Garza García, Lorenia Canavati Organizations: Citizens ’ Movement Locations: Mexico, Monterrey, Nuevo León, San

☆ 9 dead, 54 injured as wind causes stage collapse at Mexico election rally
▼ + stars: | 2024-05-23 | by ( Michael Rios | ) edition.cnn.com time to read: +2 min

CNN —Nine people were killed and a presidential candidate was briefly taken to hospital after a stage collapsed under heavy winds at a campaign rally in Mexico on Wednesday. Candidate Jorge Álvarez Máynez said he was not injured in the incident, which happened during his campaign event in the northeastern city of San Pedro Garza García. The governor of Mexico’s Nuevo Leon state said at least 54 people were injured and rescue operations were ongoing to save some of the people trapped under the collapsed stage. Álvarez Máynez later said he was suspending all campaign activities after the collapse but would remain in the state to monitor the situation and victims. The presidential candidate said an investigation into the incident would take place.

Persons: Jorge Álvarez Máynez, San Pedro Garza García, Samuel García, Máynez, Álvarez Máynez, ” Álvarez Máynez, Alberto Lopez, ”, Governor García Organizations: CNN, Security, Civil Defense Locations: Mexico, San, Mexico’s Nuevo Leon, San Pedro

☆ How family offices are planning to invest now and in the next 5 years, according to UBS
▼ + stars: | 2024-05-23 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

Here's how family offices are investing this year and how they plan to change their allocations in the next five years, according to UBS' Global Family Office Report 2024. Family offices plan to maintain the same allocation for 2024 – at 16%. Real estate Apart from fixed income, real estate was the other big change in how family offices invested last year, according to UBS. But family offices plan to increase the real estate part of their portfolios — to 12% in 2024, according to the report. Elsewhere, family offices are investing in Western Europe – in sectors such as luxury goods and automation, and in Asia Pacific (35%).

Persons: That's Organizations: UBS, Global, –, Globally, Koh Locations: North America, U.S, Western Europe, Asia, Greater China

☆ Civilian killed by Russian forces while evacuating border town, Ukrainian prosecutors say
▼ + stars: | 2024-05-22 | by ( Svitlana Vlasova | Radina Gigova | ) edition.cnn.com time to read: +4 min

Another civilian was also killed during the shooting, which took place on May 15, the Kharkiv Regional Prosecutor’s Office said, as intense battles between Ukrainian and Russian forces for control of the border town continue. (Photo by Libkos/Getty Images) Libkos/Getty ImagesThe Russian military had opened fire on the evacuees from a five-story building, the husband told prosecutors. “She stayed in the wheelchair,” the man told prosecutors. The Kharkiv Regional Prosecutor’s Office is “taking measures for a comprehensive investigation” into the shooting of civilians in the border town, it said. Prosecutors say they are working with law enforcement agencies to identify Russian soldiers who have “committed atrocities” in the region.

Persons: Husband, “, ” Organizations: Russian, Kharkiv Regional Prosecutor’s Office, Libkos, CNN, Russian Defense Ministry, Kharkiv Regional Prosecutor’s, Prosecutors Locations: Vovchansk, Kharkiv, Russia, ” VOVCHANSK, UKRAINE, Ukranian, Kharkiv Oblast, Ukraine, Ukrainian, Ukraine’s

☆ Africa’s richest man says he needs 35 visas to travel in Africa – way more than a European visitor
▼ + stars: | 2024-05-22 | by ( Larry Madowo | ) edition.cnn.com time to read: +5 min

The 67-year-old entrepreneur’s visa woes have reignited a fresh firestorm about the frustrations of traveling within Africa for Africans. But many African countries still require visas from other Africans and the experience is fraught with discrimination, hostility and sky-high fees. He has also been detained at airports in Kenya and South Africa because of his Nigerian passport. “There’s a fear in richer African countries that people from poorer nations might be looking for a way to permanently move there,” he explains. His new St Kitts passport allows him to go to more African countries than his Nigerian passport.

Persons: Aliko Dangote, ” Dangote, ”, Patrick, Pouyanné, Tayo Aina, Aina, YouTuber, hasn’t, Marco Longari, Alan Hirsch, “, Sotunde, William Ruto, Tayo Organizations: Rwanda CNN, Forum, CNN, African, African Continental Free Trade, Getty, University of Cape, New, Institute, Travelers, East African Community, Kenyan, REUTERS, Reuters Kenyan, St Kitts Locations: Kigali, Rwanda, Nigerian, Africa, “, Benin, The Gambia, Seychelles, Addis Ababa, London, Kenya, South Africa, Caribbean, St Kitts, Nevis, AFP, University of Cape Town, Johannesburg, Southern, West Africa, Abuja, Nigeria, East

☆ Strong spending is obscuring an economy that isn’t working for many Americans
▼ + stars: | 2024-05-22 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

New York CNN —Even after years of inflation, geopolitical chaos and recession in Europe, the US economy remains robust and resilient. Unemployment rose to 3.9% last month, lower-income consumers are spending less and businesses are limiting employee hours and pay. A recent survey by Santander Bank of its customers found that while inflation fears have largely subsided, middle-income Americans are pessimistic about the economy. Those Americans could still be suffering, but their stories are obscured by data that paints a broad picture of a resilient economy. Piepszak, meanwhile, now leads the company’s newly combined commercial and investment bank with her co-CEO Troy Rohrbaugh.

Persons: ”, Gregory Daco, haven’t, Skyler Weinand, Regan, “, ” Nanette Abuhoff Jacobson, Bryan Mena, What’s, Jamie Dimon, Here’s, Dimon, he’s, —, ” Dimon, can’t, “ Dimon, Marianne Lake, Jennifer Piepszak, Piepszak, Troy Rohrbaugh, Rohrbaugh, Mary Erdoes, Jeremy Barnum, Daniel Pinto, COOs Gordon Smith, Smith, Satya Nadella, Bing Organizations: CNN Business, Bell, New York CNN, Regan Capital, Santander Bank, Hartford Funds, Bureau of Labor Statistics, Federal Reserve, JPMorgan, JPMorgan Chase, Bank of America, Microsoft Locations: New York, Europe, Redmond, Washington

☆ Trump Prosecutor Wins, McCarthy’s Successor Is Set and Other Election Takeaways
▼ + stars: | 2024-05-22 | by ( Chris Cameron | ) www.nytimes.com time to read: +1 min

Mr. Fong succeeds Mr. McCarthy nearly five months after he resigned from Congress, following his ouster from the speakership. Mr. Fong will now serve until the term expires in January and will again face his Republican opponent — Mike Boudreaux, the longtime sheriff of Tulare County — in the fall to seek a full term. Georgia, Idaho, Kentucky and Oregon also held primary contests on Tuesday, with presidential primaries in Kentucky and Oregon yielding notable protest votes against President Biden and former President Donald J. Trump. Biden met significant resistance in the Kentucky primary, and a protest vote against him in Oregon faltered. The protest vote against Mr. Biden there was nearly double that against Mr. Trump, who won about 85 percent of the vote in the Republican primary.

Persons: Vince Fong, Kevin McCarthy, Fong, McCarthy, — Mike Boudreaux, Biden, Donald J, Mr, Trump Organizations: Republican, Trump, Democratic, Mr Locations: California, Tulare County, Georgia , Idaho , Kentucky, Oregon, Kentucky

☆ Cristiano Ronaldo set to play in 11th international tournament after 39-year-old makes Portugal’s Euro 2024 squad
▼ + stars: | 2024-05-22 | by ( Ben Church | ) edition.cnn.com time to read: +3 min

CNN —Cristiano Ronaldo is set to play in his 11th international tournament for Portugal later this year, after the 39-year-old was named in his nation’s squad for Euro 2024. It seemed as though Ronaldo might have made his last appearance in a major international tournament at the 2022 World Cup in Qatar. Ronaldo made his first tournament appearance for Portugal at Euro 2004. Darren Walsh/Action Images/ReutersHowever, Ronaldo will not be the oldest player in the Portugal squad. “His communication, his positioning mean that, when he’s fit, he’s a very important player.”Portugal will play Turkey, Georgia and Czech Republic in Group F at Euro 2024.

Persons: CNN — Cristiano Ronaldo, Ballon d’Or, Roberto Martinez, “ Cristiano, It’s, who’s, ” Martinez, Ronaldo, “, Fernando Santos, Darren Walsh, Pepe, ” Organizations: CNN, Portugal, Saudi, Portugal’s UEFA Nations League, Al, UEFA, Porto, European, Champions League, Sporting Lisbon, Czech Republic, Czech Locations: Europe’s, Saudi Arabian, Portugal, Greece, Portugal’s, Qatar, ” Portugal, Turkey, Georgia, Czech, Czech Republic

☆ Nvidia's Jensen Huang gave us all the details on when its new big-ticket AI chip will hit the market
▼ + stars: | 2024-05-22 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +1 min

Nvidia CEO Jensen Huang said the company's newest AI chip will start shipping next quarter. The Blackwell chip is twice as fast Nvidia's current Hopper chip. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In a gangbusters earnings call on Wednesday, Nvidia CEO Jensen Huang laid out an accelerated timeline for the deployment of Blackwell, the company's newest AI chip that is twice as fast as Nvidia's current iteration and boasts five times the AI performance. Huang unveiled the Blackwell chip earlier this year in March, but the company has been working on its production for some time now, he said this week.

Persons: Jensen Huang, Blackwell, Huang, — Organizations: Nvidia, Hopper, Service, Business

☆ OpenAI Strikes a Deal to License News Corp Content
▼ + stars: | 2024-05-22 | by ( Katie Robertson | More About Katie Robertson | ) www.nytimes.com time to read: +1 min

News Corp, the Murdoch-owned empire of publications like The Wall Street Journal and The New York Post, announced on Wednesday that it had agreed to a deal with OpenAI to share its content to train and service artificial intelligence chatbots. News Corp said the multiyear agreement would allow OpenAI to use current and archived news content from News Corp’s major news outlets, including brands in the United States, United Kingdom and Australia as well as MarketWatch and Barron’s. The agreement does not include content from News Corp’s other businesses, such as its digital real estate services or HarperCollins. The Wall Street Journal reported the agreement could be worth as much as $250 million over five years, citing unnamed sources. A News Corp spokesman declined to comment on the reporting.

Persons: Murdoch, OpenAI, “, ” Robert Thomson, Sam Altman, ”, ” Mr, Altman Organizations: Corp, Street, The New, The New York Post, . News Corp, HarperCollins, News Corp, Street Journal Locations: The New York, United States, United Kingdom, Australia

☆ Kennedy Adviser Leaves Campaign, Citing ‘Hateful and Divisive Atmosphere’
▼ + stars: | 2024-05-22 | by ( Chris Cameron | Rebecca Davis O Brien | ) www.nytimes.com time to read: +1 min

A key adviser to Robert F. Kennedy Jr. is stepping away from his presidential campaign, citing an “increasingly hateful and divisive atmosphere” that “no longer aligns with my values.”Angela Stanton King, the campaign’s adviser for Black engagement, announced her departure in a statement on social media on Tuesday evening, five months after she was added to the campaign’s payroll. In a text message, Ms. Stanton King said she had “switched to an informal role.” Asked for the reason for the switch, she pointed to her statement on social media. “The increasingly hateful and divisive atmosphere no longer aligns with my values.”The Kennedy campaign did not respond to multiple requests for comment. Ms. Stanton King was a high-profile figure in the Kennedy campaign, appearing with Mr. Kennedy and Nicole Shanahan, his running mate, on the campaign trail and addressing crowds at rallies. In Ms. Shanahan’s debut campaign event in Houston this month, Ms. Stanton King spoke at length and introduced the candidate to the crowd, saying, “I don’t fall in love with a lot of people, but I fell in love with Nicole.”

Persons: Robert F, Kennedy Jr, ” Angela Stanton King, Stanton King, ”, I’ve, “, Kennedy, Nicole Shanahan, Shanahan’s, Nicole Locations: Houston

☆ 5 Dead as Iowa Reels From Tornado
▼ + stars: | 2024-05-22 | by ( Joel Petterson | Christine Hauser | ) www.nytimes.com time to read: 1 min

Southwestern Iowa was reeling Wednesday after a destructive wave of storms, including a tornado, swept across the state the day before, leaving five people dead and at least 35 injured, the authorities said. The tornado devastated the city of Greenfield, where survey teams estimated it had wind gusts of up to 165 miles an hour, powerful enough to cause major damage to buildings. “It is just gut-wrenching,” Gov. Kim Reynolds said at a news conference on Wednesday morning in Greenfield, where large swaths of the town were destroyed by the tornado. “It is just horrific; it is hard to describe.”

Persons: Kim Reynolds, ” Organizations: Southwestern Locations: Southwestern Iowa, Greenfield

So far in May, 30-year mortgage rates have averaged around 6.75%, which is 10 basis points lower than the previous month's average. If the next few months continue to show that inflation is decelerating, mortgage rates could go down further this year. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates would impact your monthly payments. 15-Year Fixed Mortgage Rates Go Down (-0.09%)The average 15-year mortgage rate is 6.00%, nine basis points lower than last week. Mortgage rates also rose dramatically in 2023, though they started trending back down toward the end of the year.

Persons: they'll, you'll, It's, refinance Organizations: Zillow, FHA Locations: Chevron

☆ Turbulence killed a passenger on a flight from London to Singapore, but severe injuries due to turbulence are incredibly rare
▼ + stars: | 2024-05-22 | by ( Pete Syme | ) www.businessinsider.com time to read: +1 min

A Singapore Airlines passenger died Tuesday after a flight was hit by turbulence. Serious injuries due to turbulence are extremely rare, per FAA data. AdvertisementThe dangers of turbulence were made apparent on Tuesday when Singapore Airlines announced a passenger died on board a flight. It is also the first death on a Singapore Airlines flight since 2000. This story is available exclusively to Business Insider subscribers.

Persons: —, Geoff Kitchen Organizations: Singapore Airlines, Service, Bangkok Airport, Skytrax, Business

☆ TikTok is becoming a new GoFundMe, with views replacing donations to help people get out of debt
▼ + stars: | 2024-05-22 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +7 min

Read preview"We are paying off each other debt on TikTok," a creator recently declared. The creator, named Yolanda, was gushing about the "pay off each other's debt" trend that seems to have become popular on the app. More than 4,000 videos have been posted under the #payoffdebttrend hashtag on TikTok, with creators asking for help for various reasons including medical bills, student debt, and unexpected costs. The requirements for earning money on TikTok are to have at least 10,000 followers and to have amassed 100,000 video views in the previous 30 days. AdvertisementAccording to creators who previously spoke with BI in 2022, the amount TikTok pays creators varies widely from a few pennies to $17 per 1,000 views.

Persons: —, Yolanda, TikTok, Katya Varbanova, Jake Heisenburg, Heisenburg, commenter, didn't, he'd, Markia Brown, Mark Tilbury, Varbanova, it's, Brown, isn't Organizations: Service, Business, New York Federal Reserve Bank, TikTok, Facebook Locations: TikTok, Experian

☆ Ex-Google CEO Eric Schmidt has an easy solution to the terrifying idea of AI with free will
▼ + stars: | 2024-05-22 | by ( Ana Altchek | ) www.businessinsider.com time to read: +1 min

At VivaTech in Paris, Eric Schmidt shared some unsettling predictions about the dangers of AI. The former Google CEO said if computers developed free will, "we're going to unplug them." AdvertisementEric Schmidt made some unsettling predictions Wednesday about AI while speaking at the annual VivaTech conference in Paris. Schmidt acknowledged that the development of AI posed dangers but said the biggest threats hadn't arrived yet. If and when those threats do materialize, Schmidt seems to think the world will have a way to deal with it.

Persons: Eric Schmidt, —, he's, Schmidt, hadn't Organizations: Google, Service, Business Locations: VivaTech, Paris

☆ Apple thinks it's figured out the top 10 albums of all time. That's kicked off debate among music fans.
▼ + stars: | 2024-05-22 | by ( Jordan Hart | ) www.businessinsider.com time to read: +1 min

The Apple Music team has released its list of the top 100 albums of all time list. AdvertisementApple Music has released its list of the best albums of all time, and it's dividing the internet. The music streamer released its top 100 albums over several days, and the top spot was revealed Wednesday morning. "The Miseducation of Lauryn Hill," released in 1998 by Lauryn Hill, is ranked No. 1, according to Apple Music.

Persons: —, Lauryn Hill, Hill, Michael Jackson, Frank Ocean Organizations: Apple Music, Service, Business

☆ Abortion Pills May Become Controlled Substances in Louisiana
▼ + stars: | 2024-05-22 | by ( Pam Belluck | Emily Cochrane | ) www.nytimes.com time to read: +1 min

Louisiana could become the first state to classify abortion pills as dangerous controlled substances, making possession of the pills without a prescription a crime subject to jail time and fines. A bill that would designate the abortion pills mifepristone and misoprostol as Schedule IV drugs — a category of medicines with the potential for abuse or dependence — passed the state’s Republican-controlled House of Representatives on Tuesday by a vote of 63 to 29. The measure — which would put abortion pills in the same category as Xanax, Ambien and Valium — contradicts the way the federal government classifies mifepristone and misoprostol. The federal Food and Drug Administration does not consider abortion pills to be drugs with the potential for dependence or abuse, and decades of medical studies have found both to be overwhelmingly safe. Pregnant women would be exempt from those penalties; most abortion bans and restrictions do not punish pregnant women because most voters oppose doing so.

Persons: Jeff Landry, — Organizations: Republican, Gov, Food and Drug Administration Locations: Louisiana

☆ ‘Silicon Valley Princess’: Inside the Life of Nicole Shanahan, R.F.K. Jr.’s Running Mate
▼ + stars: | 2024-05-22 | by ( Kirsten Grind | ) www.nytimes.com time to read: +1 min

Ms. Shanahan, 38, a onetime Silicon Valley lawyer, has never held public office and has scant name recognition. But she was selected after Mr. Rodgers and Mr. Ventura fell through as vice-presidential candidates and Mr. Kennedy’s campaign needed money to fund its efforts to get onto state ballots, three people familiar with the events said. And money was something that Ms. Shanahan could provide in abundance. During their five-year marriage, Ms. Shanahan partied with Silicon Valley’s elite and used recreational drugs including cocaine, ketamine and psychedelic mushrooms, according to eight people and documents reviewed by The New York Times. Ms. Shanahan and Mr. Brin separated after she had a sexual encounter with Elon Musk in 2021, three of the people said.

Persons: Robert F, Kennedy Jr, Aaron Rodgers, Jesse Ventura, Kennedy, Nicole Shanahan, Ms, Shanahan, Rodgers, Ventura, Sergey Brin, Brin, Elon Musk Organizations: Google, The New York Times Locations: Minnesota

☆ How Today’s Economy Could Matter in November
▼ + stars: | 2024-05-22 | by ( Jess Bidgood | ) www.nytimes.com time to read: +1 min

Ortiz, 32, lives in Bethlehem, Pa., and has a job that she loves, analyzing claims of malpractice and other issues. But with prices still feeling high and a recent round of layoffs at work, she feels like the economy has gotten worse. Now, after sitting out the presidential elections in 2016 and 2020, Ortiz has been paying a lot of attention to politics. And right now, Ortiz, a onetime Obama voter, is leaning toward former President Donald Trump. “When he was president, we got a raise in my job,” Ortiz said, as she loaded a couple of packages of energy drinks into the back of a big S.U.V.

Persons: Syd Ortiz, Ortiz, Donald Trump, ” Ortiz, Biden Locations: Bethlehem, Pa, New York

☆ Can Biden Win America’s Green Tech Trade War With China? - The New York Times
▼ + stars: | 2024-05-22 | by ( David Wallace-Wells | ) www.nytimes.com time to read: +3 min

On May 14, President Biden announced a major escalation of the country’s emerging climate trade war with China, raising existing tariffs on Chinese electric vehicles to 100 percent — a unilateral quadrupling. A few days earlier, responding to reports of Biden’s plans, Donald Trump outdid him, promising tariffs of 200 percent should he win the 2024 election. Five years after blasting Trump for imposing tariffs on Chinese exports, Biden raised them — on aluminum, steel, lithium batteries, solar cells and semiconductors, among other products. In 2019, Chinese E.V. Nearly 60 percent of all the world’s E.V.s are now sold in China, which is home to three of the world’s four biggest E.V.

Persons: Biden, Biden’s, Donald Trump outdid, It’s, “, Gaia, David Autor, Tesla, BYD Organizations: Trump, Democratic Locations: China, U.S, Washington, Chinese

☆ I've dined at 75 Disney World restaurants. These 5 are actually worth the money.
▼ + stars: | 2024-05-22 | by ( Trisha Daab | ) www.businessinsider.com time to read: +1 min

Disney World is known for its rides and shows, but it puts a lot of effort into its dining as well. I've dined at 75 Disney restaurants to try to find the best experience and food. Some spots, like Story Book Dining, Space 220, and Sanaa are magical and worth the money. Luckily, I've dined at 75 of the property's restaurants, so I know which pricey meals are actually worth splurging on. Here are five Disney World restaurants that I think have the perfect blend of immersive theming, delicious food, and Disney magic.

Persons: I've, — Organizations: Disney, Service

☆ Warner Bros. Discovery and ESPN strike 5-year deal for College Football Playoff games
▼ + stars: | 2024-05-22 | by ( Alex Sherman | ) www.cnbc.com time to read: +2 min

Discovery has signed a five-year sublicensing deal with Disney's ESPN to broadcast first-round and quarterfinal College Football Playoff games. Warner Bros. Disney is paying about $1.3 billion per year for rights to the entire College Football Playoff. The new 12-team College Football Playoff slate debuts in December, replacing a four-team tournament that began in 2014. "It is exciting to add TNT Sports, another highly respected broadcaster, to the College Football Playoff family," Bill Hancock, executive director of the College Football Playoff, said in a statement.

Persons: Bill Hancock Organizations: ESPN, State Sugar, Texas Longhorns, Washington Huskies, Caesars, Warner Bros, Discovery, College Football, TNT, Disney, Football, TNT Sports Locations: New Orleans, LA

☆ AI will power the stock market for the next decade, former Cisco CEO says
▼ + stars: | 2024-05-22 | by ( April Roach | ) www.cnbc.com time to read: +2 min

John Chambers, CEO of Cisco, at the 2015 CGI Annual Meeting in New York. Adam Jeffery | CNBCArtificial intelligence will power the stock market for the next decade, former Cisco CEO John Chambers told CNBC on Wednesday. "AI will power the stock market for the next decade," Chambers told CNBC's Karen Tso on the sidelines of the VivaTech conference in Paris. watch nowChambers said 38% of venture capital in the U.S. in the first quarter went into AI stocks. Chambers compared Nvidia's place in the AI market to Cisco's position in the internet market.

Persons: John Chambers, Adam Jeffery, Chambers, CNBC's Karen Tso, Maurice Lévy, Lévy Organizations: Cisco, CNBC, JC2 Ventures, Nvidia Locations: New York, Paris, U.S, Europe

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