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Many Nvidia employees have become incredibly rich after the company's stock is up by about 1,200% over the past five years. Nvidia employees are also rarely put on performance-improvement plans, unlike some of its competitors, such as Amazon . Despite a growing number of companies launching their own in-house chips, Nvidia employees say they don't feel the competitive pressure yet. Three Nvidia employees, however, told BI that those chips never came up in customer conversations because, in their view, of Nvidia's superior performance. In other ways, Nvidia employees haven't let their riches go to their heads.
Persons: , It's, Jensen Huang, Huang, he's, Jim Herd, Herd Freed Hartz, Herd, we're, Glassdoor, He's Organizations: Service, Nvidia, Business, AMD, Intel, Big Tech, Microsoft, Amazon, Employees, BI, Lamborghini, Meta Locations: Silicon
The same inevitable supply-and-demand dynamic is about to wash over us again with large language models and generative AI. AI models are trained on masses of data from the past. Humans are good at learning quickly from a small amount of data, while AI models need mountains of information to train on. Soon, human content creators will be vying for attention with content generated by AI models. 'Utility, value and signaling'Hartz, a venture capitalist who now chairs Eventbrite's board, says successful technologists will continue to spend heavily on human experiences.
Persons: , Kevin Hartz, Eventbrite, Taylor Swift, Marc Andreessen, Hartz, John Barone, you'll, Sal Khan, That's, Gates, Michael Larson, Elon Musk's, Morgan Stanley, Jared Birchall, Noam Brown, He's, Mark Zuckerberg, Zuckerberg Organizations: Service, Khan Academy, Menlo School, Sigma, Bloomberg, Meta, OpenAI, Google, Amazon Locations: GPT, Fiji, Palo Alto, Silicon, Menlo
The Doctor Won’t See You Now
  + stars: | 2023-07-17 | by ( Andrew Hartz | ) www.wsj.com   time to read: 1 min
Journal Editorial Report: The week's best and worst from Kim Strassel, Bill McGurn, Mary O’Grady and Dan Henninger. Images: AP/EPA/Shutterstock/Reuters/Zuma Press Composite: Mark KellyA patient came to a clinic where I worked a few years ago. He was looking for help with depression but also told his therapist that he was feeling frustrated after having lost out on a research fellowship. The patient, who was white, felt the reason was affirmative action. They argued that it would be unfair for a clinician of color to have to provide therapy to a “racist” patient.
Persons: Kim Strassel, Bill McGurn, Mary O’Grady, Dan Henninger, Mark Kelly, didn’t Organizations: Reuters, Zuma
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe experience economy is still robust and booming, says Eventbrite CEO Julia HartzJulia Hartz, Eventbrite co-founder and CEO, joins 'Closing Bell Overtime' to discuss why consumers are willing to spend on events and experiences despite inflation.
Persons: Julia Hartz Julia Hartz, Eventbrite
Both Haley and Ramaswamy are trailing former President Donald Trump, according to the latest public polls. Team Stand for America's filing says the group received individual donations from wealthy donors ranging from $5,000 to $16,600. The joint fundraising committee finished raising over $4.3 million, while the Haley campaign itself brought in around $5.1 million, according to FEC records. Team Stand for America transferred about $1.8 million to the Haley campaign on March 31, according to the records. Leonard Stern, the CEO of real estate firm Hartz Mountain Industries, contributed the same amount as Hamm to Team Stand for America in March.
Factbox: Germany's welfare reform plan
  + stars: | 2022-11-24 | by ( ) www.reuters.com   time to read: +1 min
BERLIN, Nov 24 (Reuters) - German lawmakers have agreed a welfare reform to raise unemployment benefit payments and help train people who are out of work, with a view to addressing a skills shortage in Europe's largest economy. The reform is less ambitious than a landmark measure originally planned by the left-leaning government, which the conservative opposition blocked it in the upper house last week. Below are some key points on the revised Buergergeld, or "citizens' money", which will replace the Hartz IV system introduced from 2005. * The reform provides for a significant increase in monthly benefit payments. In future, a single adult will receive 502 euros ($522.63) per month for living expenses, a rise of 53 euros.
BERLIN, Nov 22 (Reuters) - Germany's ruling coalition parties and opposition conservatives reached a compromise on a major welfare reform on Tuesday, according to a proposal seen by Reuters, paving the way for new measures to support the unemployed in gaining vocational skills. Conservatives in the Bundesrat upper house had blocked the reform before wrangling with the governing parties to find a compromise that sources said they expect a parliamentary mediation committee to approve at a meeting on Wednesday. The welfare reform will introduce Buergergeld, or "citizens' money", to replace the Hartz IV system brought in from 2005, which sanctions people who reject job offers. A so-called trust period of six months, during which sanctions for lack of cooperation would have been waived, will be dropped altogether. Reporting by Holger Hansen, Writing by Paul Carrel, Editing by Miranda Murray and Tomasz JanowskiOur Standards: The Thomson Reuters Trust Principles.
German upper house blocks landmark welfare reform
  + stars: | 2022-11-14 | by ( ) www.reuters.com   time to read: +3 min
[1/5] German Labour and Social Affairs Minister Hubertus Heil speaks at an extraordinary session, as Members of German upper House of Parliament or Bundesrat vote on Buergergeld or "citizens' money" welfare reform law, in the plenary hall, in Berlin, Germany November 14, 2022. REUTERS/Michele TantussiBERLIN, Nov 14 (Reuters) - Germany's conservative opposition held up a major welfare reform on Monday, setting the scene for a mediation process to find a compromise that could still allow the introduction of ambitious measures to support the unemployed in gaining vocational skills. The welfare reform would introduce Buergergeld, or "citizens' money", to replace the Hartz IV system brought in from 2005, which sanctions people who reject job offers. "Our welfare state can only function if there are duties as well as rights," Baden-Wuerttemberg labour minister Nicole Hoffmeister-Kraut of the opposition conservative CDU party said. German Labour Minister Hubertus Heil said the ruling coalition -- of his Social Democrat (SPD) party with the Greens and the liberal FDP -- would call on a mediation committee later on Monday.
Factbox: German government's plan to reform welfare
  + stars: | 2022-11-14 | by ( ) www.reuters.com   time to read: +1 min
The government has aimed to introduce the reform from Jan. 1. Labour Minister Hubertus Heil now wants to call on a committee that mediates between the lower house and upper house of parliament to fast-track a resolution so the bulk of the reform can still come into force at the start of 2023. Below are some key points on the Buergergeld, or "citizens' money", which will replace the Hartz IV system introduced in 2005. * The reform provides for a significant increase in monthly benefit payments. In future, a single adult will receive 502 euros ($516.21) per month for living expenses, a rise of 53 euros.
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