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☆ Mike Lynch won a dramatic 12-year legal battle over his tech company. Weeks later, he and his top lawyer are dead.
▼ + stars: | 2024-08-22 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +11 min

Hailed as Britain's Bill Gates, Lynch sold Autonomy, his groundbreaking data-management company, to Hewlett-Packard for $11 billion. Shareholders and business commentators were puzzled about what HP, a hardware company, would do with Autonomy, a software company — and why the latter was worth $11 billion. A year after the acquisition, HP wrote down $8.8 billion of the purchase value and accused Lynch of lying about Autonomy's finances. Lynch said HP stifled Autonomy with mismanagement and bureaucracy that pushed out employees and stymied sales. "This verdict closes the book on a relentless 13-year effort to pin HP's well-documented ineptitude on Dr. Lynch," Morvillo said in a joint statement with his attorney colleague Brian Heberlig.

Persons: —, Mike Lynch, Bill Gates, Lynch, Sushovan Hussain, Stephen Chamberlain, Chamberlain, Chris Morvillo, Léo Apotheker, Apotheker, Meg Whitman, James B, Stewart, Time Warner, Bryn Colton, Hussain, hadn't, Henry Nicholls, David Cameron, Cameron, Lynch —, Whitman, Apotheker's, Robert Hildyard, Hildyard hadn't, wasn't, that'd, Guglielmo Mangiapane Morvillo, Morvillo, Brian Heberlig, Angela Bacares, Hannah, Charles Morvillo Organizations: Service, Autonomy, Hewlett, Packard, HP, Business, Cambridge University, Cambridge, Oracle, Adobe, Cisco, Shareholders, New York Times, Time, FBI, Deloitte, Telegraph, The New York Times, KPMG, US Justice Department, Justice Department, High Court, REUTERS, BBC, British Museum, Politico, The Times, Times, Bacares Locations: San Francisco, London, California, Kenya, Sicily

☆ Here are Thursday's biggest analyst calls: Nvidia, Apple, Amazon, Spotify, AMD, Uber, McDonald's, Broadcom & more
▼ + stars: | 2024-07-11 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Thursday's biggest calls on Wall Street: Morgan Stanley reiterates Eli Lilly as overweight Morgan Stanley raised its price target on the stock to $1,083 per share from $1,023. "We are initiating RBBN with a Buy rating and $5 price target because the investment thesis has significantly improved." Rosenblatt reiterates Broadcom as buy Rosenblatt raised its price target on the stock to a Street high $2,400. Morgan Stanley downgrades Microchip to equal weight from overweight Morgan Stanley said the semis company has a "lofty" valuation. Morgan Stanley upgrades Telefonica Brasil to overweight from equal weight Morgan Stanley said it's bullish on shares of the LatAm telecom company.

Persons: Morgan Stanley, Eli Lilly, Rosenblatt, Goldman Sachs, Goldman, Mizuho, Truist, Wells, Guggenheim, it's, Jefferies downgrades Darden, Jefferies, Roblox, VIV, OW, Uber, McDonald's Organizations: Broadcom, AVGO, " Bank of America, Apple, Bank of America, JPMorgan, Nvidia, Digital Realty, Mizuho, Services, AMD, Silo AI, KBW, Guggenheim, Costco, Jefferies, Spotify, Telefonica Brasil, Energy, Uber, CART Locations: NYC, Europe, underperform, Olive, China

☆ British tech pioneer Mike Lynch acquitted at U.S. fraud trial
▼ + stars: | 2024-06-06 | by ( ) www.cnbc.com time to read: +3 min

Mike Lynch, former chief executive officer of Autonomy, arrives at federal court in San Francisco, California, US, on Monday, March 18, 2024. Representatives for Lynch and U.S. prosecutors said Lynch was acquitted on all 15 charges — one count of conspiracy, and 14 counts of wire fraud, each connected to specific transactions or communications. Former Autonomy finance executive Stephen Chamberlain, who faced the same charges at trial alongside Lynch, was also acquitted on all counts, the Lynch representative said. The trial where prosecutors said Lynch and Chamberlain schemed to inflate Autonomy's revenue was the latest chapter in a legal saga stemming from the failed deal. Lynch was one of the UK's leading tech entrepreneurs, drawing comparisons to Apple cofounder Steve Jobs and Microsoft cofounder Bill Gates.

Persons: Mike Lynch, Lynch, Stephen Chamberlain, Chamberlain schemed, Leo Apotheker, Prosecutors, Chamberlain, Sushovan Hussain, Autonomy's, Hussain, Steve Jobs, Bill Gates Organizations: Autonomy, Hewlett, Packard, Former Autonomy, HP, Cambridge University, Cambridge Locations: San Francisco , California, San Francisco, U.S, British, London

☆ BHP Group wants extension to $49 billion Anglo American takeover talks as deadline looms
▼ + stars: | 2024-05-29 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

LONDON — BHP Group on Wednesday said it believes an extension to talks with takeover target Anglo American is necessary, as the deadline for discussions looms later in the session. The offer values the company at £38.6 billion ($49.2 billion), according to previous Reuters calculations. "BHP believes a further extension of the Deadline is required to allow for further engagement on its proposal," it said in a statement. The rival miners have until 5 p.m. London time Wednesday to reach an agreement following a week-long extension of last week's deadline. Anglo rejected BHP's previous offers, saying they undervalued the company and its prospects.

Persons: BHP, Stuart Chambers Organizations: LONDON, BHP Group, London, CNBC, BHP Locations: American

☆ Copper prices will extend records and surge another 288% in the coming years, top trader says
▼ + stars: | 2024-05-24 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Top commodity trader Pierre Andurand expects copper to reach $40,000 a ton in the next four years. AdvertisementCopper prices at records are only a taste of what's to come, says top commodities trader Pierre Andurand. Copper is already sitting near record highs, so any quadrupling from current levels would mean a prolonged series of fresh records. It's bad news for a depleting inventory; last year, global copper supply hit its lowest seasonal level since 2008. The supply-demand imbalance is the same thesis for why commodities expert Jeff Currie expects higher prices, though his projection is nowhere near Andurand's — Currie expects copper to hit $15,000 in the coming years, and has called it "the most compelling trade" he's ever seen.

Persons: Pierre Andurand, —, That's, Andurand, BHP's, Jeff Currie, — Currie, I'm, Currie Organizations: Service, Financial Times, Bloomberg

☆ Morningstar: Anglo American has been good at playing 'hard to get'
▼ + stars: | 2024-05-22 | 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 EmailMorningstar: Anglo American has been good at playing 'hard to get'Jon Mills, equity analyst at Morningstar, says BHP's last bid for Anglo American is "getting expensive" ahead of Wednesday's deadline for a formal offer.

Persons: Jon Mills, BHP's Organizations: Morningstar

☆ Miner Anglo American rejects third takeover offer from rival BHP Group as talks deadline extended
▼ + stars: | 2024-05-22 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +3 min

(Photo by William WEST / AFP) (Photo by WILLIAM WEST/AFP via Getty Images)LONDON — Anglo American rejected a third takeover proposal from rival BHP Group on Wednesday, as the companies agreed to extend talks deadline by one week. The British miner confirmed the third proposal from BHP offered about £29.34 per Anglo American share, based on undisturbed share prices as of market close on April 23. Shares of Anglo American were up 0.35% shortly after the announcement, while BHP shares fell over 3.4%. The combined companies would form a behemoth in copper mining and the world's largest player in the space, supplying 10% of global output, according to a Reuters analysis. Anglo rejected both previous offers, however, saying that they "significantly undervalue the company and its future prospects."

Persons: Stuart Chambers, Chambers, Duncan Wanblad Organizations: BHP, William WEST, WILLIAM WEST, Getty, BHP Group, London Stock Exchange, Limited, Iron Ore Limited, Rio Tinto Locations: Melbourne, Australian, AFP, American, London, Australia

☆ Diamond giant De Beers faces spin-off amid wider restructuring as Anglo American takeover pressure mounts
▼ + stars: | 2024-05-14 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +2 min

Diamond rings are displayed in a cabinet inside a De Beers SA store in Hong Kong, China, on Thursday, Sept. 14, 2017. Photographer: Calvin Sit/Bloomberg via Getty ImagesAnglo American plans to spin off its highly prized De Beers diamond unit as part of a sweeping restructuring of its 107-year-old business as it seeks to fend off persistent takeover bids from mining rival BHP Group . The British miner said in a statement Tuesday that De Beers could be divested or demerged to "improve strategic flexibility." CEO Duncan Wanblad said the restructure, which represents "the most radical changes to Anglo American in decades," would help streamline the business and provide greater value to shareholders. The announcement comes just a day after Anglo rejected an improved takeover proposal from BHP.

Persons: Bruce Cleaver, Calvin Sit, De Beers, Duncan Wanblad, Wanblad, — Organizations: De Beers SA, Bloomberg, Getty, BHP Group, BHP Locations: Hong Kong, China, London

☆ BHP says Anglo American rejected $42.7 billion revised proposal
▼ + stars: | 2024-05-13 | by ( ) www.cnbc.com time to read: 1 min

Sheets of copper cathode are pictured at BHP Billiton's Escondida, the world's biggest copper mine, in Antofagasta, northern Chile March 31, 2008. BHP Group said on Monday that Anglo American had rejected a revised buyout offer valuing the company at 34 billion pounds ($42.67 billion). Anglo American in April rebuffed BHP's $39 billion all-share takeover proposal, saying it was opportunistic and significantly undervalued its prospects. "BHP is disappointed that the Anglo American Board has chosen not to engage with BHP with respect to the Revised Proposal and the improved terms," it said in a statement. "BHP continues to believe that a combination of the two businesses would deliver significant value for all shareholders," it added.

Persons: BHP's, BHP Organizations: BHP Billiton's Escondida, BHP Group, Anglo American, BHP Locations: Antofagasta, Chile

☆ HP CEO on multi-year partnership with Ferrari
▼ + stars: | 2024-05-03 | 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 EmailHP CEO on multi-year partnership with FerrariHP CEO Enrique Lores joins 'Money Movers' to discuss HP's title partnership with Ferrari, how the partnership with Ferrari works, and more.

Persons: Enrique Lores Organizations: Ferrari

☆ Anglo American rejects BHP's $39 billion takeover bid to form mining juggernaut
▼ + stars: | 2024-04-26 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +2 min

Australia-based BHP on Thursday said it had made an all-share takeover offer which valued the smaller company at £31.1 billion ($38.9 billion). "The BHP proposal is opportunistic and fails to value Anglo American's prospects, while significantly diluting the relative value upside participation of Anglo American's shareholders relative to BHP's shareholders," he said. Anglo American Chairman Stuart Chambers said the proposed restructure was "highly unattractive, creating substantial uncertainty and execution risk borne almost entirely by Anglo American, its shareholders and its other stakeholders." Shares of Anglo American Platinum rose more than 2% on the announcement, while Kumba Iron Ore moved 0.9% lower. Chambers said that, in its current state, Anglo American was "well positioned" to benefit from that energy transition.

Persons: BHP's, Stuart Chambers, Chambers, — CNBC's Jenni Reid Organizations: BHP Group, BHP, CNBC, Limited, Iron Ore Limited Locations: Australia, London, American, South Africa

☆ Elliott takes $1 billion stake in Anglo American as miner faces takeover interest
▼ + stars: | 2024-04-26 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +1 min

Elliott Management has built a roughly $1 billion stake in miner Anglo American in recent months, a person familiar with the matter told CNBC. Anglo American shares were up 5% on the news Thursday. News of the activist's position comes as the $43 billion, London-based miner faces takeover interest from BHP, a mining giant with worldwide operations. Anglo rejected BHP's $39 billion takeover offer Friday morning, saying BHP's offer "significantly undervalues Anglo American and its future prospects." Anglo American declined to comment.

Persons: Elliott, Stuart Chambers, BHP, CNBC's Karen Gilchrist Organizations: Elliott Management, CNBC, BHP, Bloomberg Locations: London, Australia

☆ Copper is 'crown jewel' for BHP's bid for Anglo American, says investor
▼ + stars: | 2024-04-25 | 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 EmailCopper is 'crown jewel' for BHP Group's bid for Anglo American, says portfolio managerTodd Warren, portfolio manager at Tribeca Investment Partners, says copper is the "crown jewel" and the main priority that BHP Group is fighting for with its takeover offer for rival Anglo American.

Persons: Todd Warren Organizations: BHP Group's, Tribeca Investment Partners, BHP Group

☆ Greenlight's David Einhorn builds new stake in this gambling name. Here's what else he bought
▼ + stars: | 2024-04-24 | by ( Adam Jeffery | ) www.cnbc.com time to read: +2 min

Greenlight Capital's David Einhorn continued to pick up new stocks in the first quarter, including Penn Entertainment , as the longtime value investor struggles to find opportunities in the volatile market. He established the stake at an average cost of $22.69 per share, but the stock has fallen to $17.44 as of Wednesday. Still, Einhorn said sports betting, if executed right, could take the shares much higher. "Were the market to credit PENN with merely 15% of DraftKings' value, that segment alone would be worth $20 per share." Q4 buyer's strike Einhorn had stopped building new stock positions at one point in the fourth quarter, saying he was on a "buyer's strike" due to worries about intensifying geopolitical risks.

Persons: Greenlight Capital's David Einhorn, Einhorn, PENN, he's, Greenlight, — CNBC's Leslie Picker Organizations: Penn Entertainment, CNBC, Barstool Sports, Cornell grad, Greenlight Capital, HP, Roivant Sciences, Liberty Global

☆ Erdogan's rival leads in Istanbul in high-stakes Turkey vote
▼ + stars: | 2024-03-31 | by ( ) www.cnbc.com time to read: +2 min

Istanbul Mayor Ekrem Imamoglu led a challenger from President Tayyip Erdogan's AK Party in local elections on Sunday, an initial count showed, in a potential boost for the Turkish opposition's effort to reassert itself as a political force. In another blow to Erdogan, in the nation's second-largest city Ankara, incumbent opposition mayor Mansur Yavas declared victory over his AK Party (AKP) challenger less than three hours after polls closed in the nationwide municipal vote. The nationwide local elections are seen by analysts as a gauge of both Erdogan's support and the opposition's durability. Erdogan, who has led Turkey for more than two decades, campaigned hard for his party to reclaim control of Istanbul from rival Imamoglu, the incumbent mayor and potential future presidential challenger. According to official results based on 41.43% of ballot boxes opened, Imamoglu had 50% support compared with 41.26% for AK Party (AKP) challenger Murat Kurum, a former minister in Erdogan's national government.

Persons: Ekrem Imamoglu, Tayyip Erdogan's, Erdogan, Mansur Yavas, Imamoglu, Murat Kurum Organizations: Tayyip Erdogan's AK Party, AK Party, Anadolu Agency, Republican People's Party Locations: Istanbul, Turkish, Ankara, Turkey, Izmir, Bursa, Antalya, Adana

CNBC embedded with teams from HSI and California Highway Patrol to witness four organized retail crime operations for this investigation. CNBCAt the bottom of organized retail crime rings are boosters — the people who go into stores and take the items. A bin filled with sparkly silver boots that police suspect an alleged San Jose, California, crime ring stole from T.J. Maxx. In a statement, a TJX spokesperson said the company is "thankful" for CHP's efforts and is taking organized retail crime "very seriously." Court records filed in connection with the case provide a rare glimpse into the inner workings of an alleged organized retail crime ring.

Persons: Michelle Mack, Mack, Michelle Mack's, Louis Vuitton, Adam Parks, they've, Parks, HSI, It's, Joaquin, El, Guzman, Scott Robles, Robles, moisturizer, Allegra, Maxx, Gabrielle Fonrouge, Manny Nevarez, TJX, Michael Ball, Diego, Donna Washburn, Washburn, Mack —, we'll, Charlotte, Estee Lauder, masterminding, Rob Bonta, Kenneth Mack, Bonta, Kimora Lee Gooding texted Michelle Mack, Jan, Gooding, Andrew Barclay, Scott, let's, Kenneth Mack texted Michelle Mack, Michelle Mack texted Alina Franco, Sephora, Prada, Ulta's, Dave Kimbell, Kimbell Organizations: Police, CNBC, Patrol, Homeland Security Investigations, Department of Homeland, New, U.S . Custom House, Operation French, Walgreens, New Orleans Public, Federal, Gillette, CHP, TJX Companies, Bay Area, CNBC Police, Flea, Santa, Attorney, Capitol Flea, L'Oreal, Macy's, Body Locations: San Diego, Bonsall , California, California, Washington , Utah , Oregon, Colorado , Arizona , Illinois , Texas, Florida , Pennsylvania, Massachusetts, Ohio, U.S, Baton Rouge , Louisiana, HSI, New Orleans, Orleans, San Jose, Jose , California, Maxx, Bay, Bay Area, San Jose , California, Santa Clara, Washburn, St, Augustine , Florida, Charlotte Tilbury, Prada, LensCrafters

☆ 10 fascinating facts about Nvidia CEO Jensen Huang, who has a company tattoo and dozens of direct reports
▼ + stars: | 2024-02-27 | by ( Aaron Mok | ) www.businessinsider.com time to read: +6 min

Nvidia cofounder and CEO Jensen Huang is on track to be one of the richest people in the world. Here are 10 surprising facts about Huang, from his Nvidia tattoo to his staggering number of direct reports. AdvertisementJensen Huang, the CEO and cofounder of Nvidia, is leading the charge towards an AI future — with his company making billions. He has a tattoo of Nvidia's logo on his shoulderNvidia founder, president and CEO Jensen Huang displays his tattoo in September 2010. "The more direct reports the CEO has, the less layers are in the company," Huang said during an interview at the 2023 DealBook Summit.

Persons: Jensen Huang, Huang, —, who's, it's, Lori, Chris Malochowsky, Curtis Priem, Robert Galbraith, you've, Fortune, Noah Berger, what's, He's, he'll, Jackie Chan Organizations: Nvidia, Service, Oneida Baptist Institute in, Wired, NPR, Oregon State University, HP, Stanford, New York Times, Wilson Jackets, New Yorker, Yorker, New York Times DealBook Locations: Oneida Baptist Institute in Kentucky, California, Shutterstock

☆ BHP half-year profit beats expectations, inflation impact recedes
▼ + stars: | 2024-02-20 | by ( ) www.cnbc.com time to read: +2 min

In this photo illustration, BHP logo of a multinational mining, metals and petroleum company is seen displayed on a smartphone in front of BHP Billiton logo. BHP Group on Tuesday logged first-half underlying profit that slightly beat analyst expectations, buoyed by strong iron ore prices, and said inflationary impacts were receding. BHP said underlying profit attributable to shareholders was $6.60 billion for the six months ended Dec. 31, unchanged from the previous year, but topping an LSEG estimate of $6.42 billion. It declared an interim dividend of $0.72 per share, compared with $0.90 per share a year earlier. Shares in BHP edged down 0.3% to A$45.91 amid a sour tone in resources stocks.

Persons: BHP Organizations: BHP Billiton, BHP Group, BHP, Citi Locations: China, India

☆ Australia's Resources Minister Seeks Investment From S.Korea, Japan
▼ + stars: | 2024-01-28 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +2 min

MELBOURNE (Reuters) - Australia's resources minister has begun a week long trip to South Korea and Japan to discuss gas exports and critical minerals opportunities, as its government on Monday released a "prospectus" of 52 investment ready critical minerals projects. "Australia's critical minerals are key to the world's energy transformation," said Minister Madeleine King in a statement. King will be meeting Japan's trade minister Ken Saito, and South Korean trade and energy minister Duk-geun Ahn, she said in a statement. The minister is also expected to engage her counterparts on natural gas as Australia develops its future gas policy, given both nations are large customers of the major exporter. Already this year, a string of Australian nickel projects have been iced, including part of BHP's operations in the state of Western Australia.

Persons: Madeleine King, King, Ken Saito, geun Ahn, Melanie Burton, Christopher Cushing Organizations: MELBOURNE Locations: South Korea, Japan, Korean, Australia, Western Australia, Australian

☆ HP CEO says AI capabilities will 'double the growth of the PC category'
▼ + stars: | 2023-11-21 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

In a Tuesday interview with CNBC's Jim Cramer, HP Inc CEO Enrique Lores said his company's new computers with artificial intelligence capabilities will help accelerate and grow the PC market. "This will drive significant momentum in the category, some in '24, more in '25, more in '26," Lores said of PCs with AI capabilities. "As we have said before, we think this is going to double the growth of the PC category starting next year." He added that the PC market has begun to recover, saying growth will also be bolstered by the transition from Windows 10 to Windows 11. "We really think that the PC market has started to recover," Lores said.

Persons: CNBC's Jim Cramer, Enrique Lores, Lores, Tuesday's Organizations: HP Inc

☆ HP forecasts downbeat first-quarter profit amid slow PC market recovery
▼ + stars: | 2023-11-21 | by ( Samrhitha A | ) www.reuters.com time to read: +2 min

REUTERS/Brendan McDermid Acquire Licensing RightsNov 21 (Reuters) - HP Inc (HPQ.N) on Tuesday forecast first-quarter profit below Wall Street estimates but maintained annual earnings outlook, a sign that demand in the personal computers market is still recovering, sending its shares down nearly 4% after market. HP expects first-quarter adjusted profit per share to be between 76 cents and 86 cents, the midpoint of which was below LSEG estimates of 86 cents. HP maintained fiscal 2024 adjusted profit forecast of $3.25 to $3.65 per share. Sales for HP's personal systems segment — home to its desktop and notebook PCs — fell 8% from a year ago, while its printing segment posted a 3% fall. Reporting by Samrhitha Arunasalam in Bengaluru; Editing by Shilpi MajumdarOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, Enrique Lores, Lores, Lenovo, Dell, Samrhitha, Shilpi Majumdar Organizations: Hewlett - Packard, New York Stock Exchange, REUTERS, HP Inc, Wall, Companies, HP, Lenovo, HK, Dell, Microsoft, Thomson Locations: New York, U.S, China, Bengaluru

☆ BHP train drivers to start 'restrained' industrial action on Friday
▼ + stars: | 2023-11-20 | by ( ) www.reuters.com time to read: +2 min

BHP's iron ore operations include four processing hubs and five mines that are linked by more than 1,000 km (621 miles) of rail and port facilities. BHP said that the proposed action would present logistical challenges but that it had put in place arrangements to mitigate the impact. Worries about a strike had lent support to iron ore prices, which are trading at the highest levels since February. "Concerns over disruptions on the supply side due to the looming strike at BHP in Australia contributed to higher iron ore prices today," said Pei Hao, a Shanghai-based analyst at international brokerage FIS. Drivers received an offer from BHP last Wednesday that did not meet their expectations around rostering, arbitration and camp standards, Busson added.

Persons: Dado Ruvic, Greg Busson, Busson, Pei Hao, BHP, Melanie Burton, Amy Lv, Gerry Doyle Organizations: BHP, REUTERS, Rights MELBOURNE, Reuters, Monday, Mining, Energy Union WA, Drivers, Thomson Locations: WA, Australia, Shanghai, rostering, Rio Tinto's, Beijing

☆ A former Vice exec is launching an AI platform that can visualize entire stories, scripts, or poems from the text
▼ + stars: | 2023-11-16 | by ( Marta Biino | ) www.businessinsider.com time to read: +4 min

He started Lore Machine with Moises Sanabria, the company's chief prompt officer, and Kutlu Mizrak, who is in charge of natural-language processing. Lore Machine turns text stories into images, ensuring consistency in style for the different characters, locations, and recurring elements. Stable Diffusion vs Midjourney) depending on their preferences and their values. Lore Machine is currently in beta, and being used by screenwriters, artists, novelists, graphic novelists, and animators, with a waitlist of over 12,000, the company said. Campion said he expects Lore Machine to be publicly available in early 2024.

Persons: Thobey Campion, Campion, Moises Sanabria, Kutlu Mizrak, Machine's, it's, Phil Gelatt, Lore Machine's, Lore, Samuel T Organizations: Business, Machine, Hollywood, Lore Machine

☆ Nvidia boss Jensen Huang joked that Jackie Chan should play him in a movie
▼ + stars: | 2023-11-06 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +2 min

Nvidia CEO Jensen Huang already has an actor in mind for a future biopic. Huang joked that Chinese actor Jackie Chan "looks just like me" during a conversation with host Ryan Patel. The Nvidia CEO has a net worth of over $40 billion, per Bloomberg Billionaires Index. The Nvidia CEO joked, "Jackie Chan, he looks just like me." His company, Nvidia, produces chips used to power AI and has seen its fortunes soar off the back of the generative AI boom this year.

Persons: Jensen Huang, Huang, Jackie Chan, Ryan Patel, —, Taylor Organizations: Nvidia, Bloomberg, Service, Oregon State University and Stanford Locations: Taiwan, Thailand

Turkey's main opposition Republican People's Party (CHP) leader Kemal Kilicdaroglu attends a swearing-in ceremony as he is accompanied by Ozgur Ozel at the Turkish parliament in Ankara, Turkey, June 2, 2023. REUTERS/Umit Bektas/file photo Acquire Licensing RightsANKARA, Nov 4 (Reuters) - Turkey's main opposition Republican People's Party (CHP) on Sunday elected Ozgur Ozel as its new leader, ending a 13-year term for incumbent Kemal Kilicdaroglu, as the country gears up for local elections next March. Ozel, 49, has been serving as the CHP's deputy parliamentary group chairman since 2015 and has been a lawmaker since 2011. Ozel, a pharmacist by trade, received 812 of 1,366 possible votes at a tense, hours-long party congress in Ankara that took two rounds. Imamoglu supported Ozel in a push for change at the CHP that has long been bogged down by in-fighting.

Persons: Kemal Kilicdaroglu, Ozgur Ozel, Umit, Tayyip Erdogan, Ozel, Kilicdaroglu, Istanbul Mayor Ekrem Imamoglu, Imamoglu, Erdogan, Mustafa Kemal Ataturk, Ozer Sencar, pollster Metropoll, Sencar, Daniel Wallis, Hugh Lawson, David Evans Organizations: Republican People's Party, Turkish, REUTERS, Rights, Sunday, Istanbul Mayor, CHP, Thomson Locations: Ankara, Turkey, Rights ANKARA, Ozel, Istanbul, Black Sea, Rize, Turkey's

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