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☆ Why OpenAI should fear a Scarlett Johansson lawsuit
▼ + stars: | 2024-05-22 | by ( Brian Fung | ) edition.cnn.com time to read: +11 min

“It doesn’t matter if OpenAI used any of Scarlett Johansson’s actual voice samples,” Li posted on Threads. Here, Johansson could accuse OpenAI of illegally monetizing who she is by essentially fooling users into thinking she had voiced Sky. But there’s substantial case law — and one very inconvenient fact for OpenAI — undercutting that defense, legal experts say. According to Johansson, OpenAI approached her to perform as Sky; Johansson declined. While California’s publicity law protects all individuals, some state statutes only protect famous people, and not all states have such legislation on the books.

Persons: Will Scarlett Johansson, OpenAI, Johansson, OpenAI’s, Sam Altman, OpenAI didn’t, demoed, Tiffany Li, Scarlett Johansson’s, ” Li, monetizing, John Bergmayer, “, ”, —, Bette Midler, Midler, Tom Waits, Waits, …, James Grimmelmann, Scarlett Johansson ”, Altman, Sky’s, Johansson ”, Samantha, ‘, ” Grimmelmann, Joel Saget, ” Bergmayer, Dana Rao, Adobe’s, we’re, Jennifer Rothman, ” Rothman Organizations: Washington CNN, University of San, Public, Ford Motor Company, Appeals, Circuit, Frito, Cornell University, Getty, Adobe, FAIR, University of Pennsylvania Locations: University of San Francisco, California, Midler’s, Paris, AFP

☆ GM all-electric Chevy Equinox goes on sale as the latest test for EV production and demand
▼ + stars: | 2024-05-22 | by ( Michael Wayland | ) www.cnbc.com time to read: +5 min

The Equinox EV is launching with higher-priced models that start at roughly $43,000 to $51,100 (without any incentives). The Equinox EV is arriving to market following the Blazer EV and alongside GM's more than $96,000 Silverado EV RST. Equinox EVAll of that being said, the Equinox EV is an Equinox in name only. Outside of the U.S., the Equinox EV will be sold in Canada, Mexico, the Middle East and some South American markets such as Brazil. GM's 2024 Chevrolet Equinox EV (right) next to a gas-powered Chevy Equinox on May 16, 2024 in Detroit.

Persons: Michael Wayland, Mark Reuss, Tesla, Kathleen Murawski, Chevy Bolt, It's, We've, Rory Harvey, we've, Marissa West, West, Paul Waatti, Waatti Organizations: CNBC DETROIT, General Motors, GM, CNBC, Chevy, GMC Hummer EV, Blazer, Global, Silverado EV RST, Silverado, GM North America, Chevrolet, Motors, EV Locations: Detroit, China, U.S, Canada, Mexico, Brazil

☆ Nvidia shares pass $1,000 for first time on AI-driven sales surge
▼ + stars: | 2024-05-22 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Earnings Per Share : $6.12 adjusted vs. $5.59 adjusted, per LSEG consensus estimates. : $6.12 adjusted vs. $5.59 adjusted, per LSEG consensus estimates. Revenue: $26.04 billion vs. $24.65 billion expected by LSEG Nvidia said it expected sales of $28 billion in the current quarter. Wall Street was anticipating earnings per share of $5.95 on sales of $26.61 billion, according to LSEG. Nvidia said its data center category rose 427% from the year-ago quarter to $22.6 billion in revenue.

Persons: Jensen Huang, Blackwell, Nvidia, David Paul Morris, Colette Kress, Lama, Kress Organizations: Nvidia, Nvidia Corp, Technology Conference, Bloomberg, Getty, Google, Microsoft, Meta Locations: San Jose , California

☆ The chilling parallels a woman sees between the Trump trial and her accusations against Harvey Weinstein
▼ + stars: | 2024-05-22 | by ( Elizabeth Wagmeister | ) edition.cnn.com time to read: +16 min

I reported him and then I just tried to follow the justice and what they told me to do,” Battilana Gutierrez told CNN in a recent interview. Battilana Gutierrez says she sees chilling parallels between the alleged conspiracy surrounding a hush-money payment connected to Trump and what happened to her. “It would be very interesting to see if he had to speak about the Harvey Weinstein trial,” Battilana Gutierrez said of Pecker. Of Battilana Gutierrez, he added, “Harvey wishes her well and hopes only for happiness and success for her.”Eventually, Battilana Gutierrez did sign a non-disclosure agreement with Weinstein’s legal team. Mark Peterson/Redux“Both Harvey Weinstein and Donald Trump were ‘FOPs’ – Friends of Pecker,” Cartwright told CNN.

Persons: Ambra Battilana Gutierrez, Harvey Weinstein, –, ” Battilana Gutierrez, “, ”, Battilana Gutierrez, Weinstein, Donald Trump, David Pecker –, Trump, Jeenah, Michael Cohen, ” Pecker, Arnold Schwarzenegger, Ari Emanuel, Rahm, Barack Obama’s, Schwarzenegger, Ari, Rahm Emanuel, Pecker, ’ Battilana Gutierrez, ’, ” Harvey Weinstein, Natalia V, ” Weinstein’s, Juda Engelmayer, “ Ms, Gutierrez ’, ” Engelmayer, Battilana, Julia Nikhinson, he’s, Harvey Weinstein’s, “ Harvey, Judge James Burke, ” Gutierrez, Ronan Farrow, Cyrus Vance , Jr, Eduardo Munoz, Cyrus Vance, ” Vance, Vance, Attorney Alvin Bragg, Weinstein’s, Lachlan Cartwright, Ambra, ” Cartwright, David J, Mark Peterson, Rose McGowan’s, Cartwright, McGowan, American Media …, Timothy A, Clary, Jason Kravarik Organizations: CNN, Trump, American Media Inc, National, Manhattan Criminal, Staff, Chicago mayorship, National Enquirer, New Yorker, The New York Times, New, Weinstein’s, Manhattan District, Manhattan DA, Manhattan, Attorney’s, Attorney, Attorney’s Office, New York Times Magazine, AMI, Manhattan DA’s, New York Times, Enquirer, Yorker, Weinstein Company, Pecker, Radar, “, American Media, Model Alliance, Getty Locations: Italian, New York City, Manhattan, New York, Los Angeles, Italy, York, New, Angeles, AFP, CNN’s

☆ Fintech nightmare: 'I have nearly $38,000 tied up' after Synapse bankruptcy
▼ + stars: | 2024-05-22 | by ( Hugh Son | ) www.cnbc.com time to read: +4 min

The situation deteriorated in April after Synapse declared bankruptcy following the exodus of several key partners. That has left users of several fintech services stranded with no access to their funds, according to testimonials filed this week in a California bankruptcy court. One customer, a Maryland teacher named Chris Buckler, said in a May 21 filing that his funds at crypto app Juno were locked because of the Synapse bankruptcy. Synapse had contracts with 20 banks and 100 fintech companies, resulting in about 10 million end users, according to an April filing from founder and CEO Sankaet Pathak. The freeze-up of customer funds exposes the vulnerabilities in the banking as a service, or BAAS, partnership model and a possible blind spot for regulatory oversight.

Persons: Andreessen Horowitz, Chris Buckler, Buckler, Dave, Juno, Sankaet Pathak, Pathak, Joseph Dominguez, Dominguez, Jason Mikula, Mikula Organizations: Istock, Synapse, Evolve Bank & Trust, Mercury, CNBC, Evolve Bank, Trust, Regulators, FDIC, Federal Reserve Locations: California, Maryland, Joseph Dominguez of Sacramento , California, Silicon

☆ How AI and bionics are helping Ukrainian soldiers return to action
▼ + stars: | 2024-05-22 | by ( Ryan Bergeron | ) edition.cnn.com time to read: +4 min

The Esper Hand is the first product from Esper Bionics, a Ukrainian-US based company focused on next-generation prosthetics. “I think AI will be the next step in bionics,” says Dima Gazda, CEO of Esper Bionics. According to Esper Bionics, 70 Ukrainian soldiers are currently serving with Esper Hands, but the need greatly outnumbers the supply. Every morning, a group of Ukrainian veterans gather inside the clinic and go over the schedule for the day. Esper Bionics sells the Esper Hand (which normally sell for around $20,000) to Protez at manufacturing costs, and then Protez fits them to users for free.

Persons: CNN — Valera Kucherenko, I’m, ” Kucherenko, Kucherenko, who’ve, “, ”, Dima Gazda, Esper, It’s, Esper Bionics, Yakov Gradinar, ” Gradinar, Gradinar, Valera Kucherenko –, ” Gazda Organizations: CNN, Intelligence, Protez, Protez Foundation Locations: Ukrainian, Russia, Ukraine, Minneapolis, Minnesota

☆ Scientists a step closer to unraveling mystery of sun’s magnetic field
▼ + stars: | 2024-05-22 | by ( Katie Hunt | ) edition.cnn.com time to read: +5 min

In contrast to previous research that assumed the sun’s magnetic field originates from deep within the celestial body, they suspect the the source is much closer to the surface. This view of the sun's magnetic field was generated by NASA's Solar Dynamics Observatory. NASA/GSFC/Solar Dynamics ObservaModeling the sun’s magnetic fieldIt’s difficult to see the sun’s magnetic field lines, which loop through the solar atmosphere to form a complicated web of magnetic structures far more complex than Earth’s magnetic field. To better grasp how the sun’s magnetic field works, scientists turn to mathematical models. Like the 11-year solar magnetic cycle, torsional oscillations also experience an 11-year cycle.

Persons: Galileo, ”, Daniel Lecoanet, ” Lecoanet, “, Lecoanet, Geoff Vasil, Ellen Zweibel, Zweibel Organizations: CNN, Northwestern University’s McCormick School of Engineering, Center for Interdisciplinary Exploration, Research, Astrophysics, NASA's Solar Dynamics, NASA, Dynamics, University of Edinburgh, University of Wisconsin Locations: United Kingdom, Madison

☆ Deutsche Bank says it's time to invest in trash through these 2 stocks: 'Compounding defensive growth'
▼ + stars: | 2024-05-22 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Alwy initiated coverage of Waste Management and Waste Connections with a buy rating on each. His $241 price target on Waste Management suggests 15.7% upside, and his $189 price target on Waste Connections implies the stock has roughly 14.4% to rise. This year, Waste Management shares are up 17.2%, while Waste Connections has added 11%. Waste Connections is planning to invest $150 million, most of which will be used for renewable natural gas, or RNG, projects, she said. With that price target, she expects shares could add 7.3%.

Persons: Alwy Organizations: Deutsche Bank, Waste Management, Waste, Services, Casella Waste Systems Locations: American, North America

☆ News Corp. and OpenAI strike 'multi-year global partnership' deal to use journalistic content to improve ChatGPT
▼ + stars: | 2024-05-22 | by ( Hayden Field | ) www.cnbc.com time to read: +2 min

on Wednesday announced a "multi-year global partnership" that will allow OpenAI to access current and archived articles from News Corp.'s outlets, including The Wall Street Journal, MarketWatch, Barron's, The New York Post and more. As part of the deal, OpenAI will be able to display content from News Corp.-owned outlets within its ChatGPT chatbot, in response to user questions. The news follows Reddit's announcement on Thursday that it will partner with OpenAI, allowing the ChatGPT maker to train its AI models on Reddit content. As part of that deal, OpenAI will gain access to Reddit's Data application programming interface, or API, "which provides real-time, structured, and unique content from Reddit," according to a release. Google announced a similar partnership with Reddit in February, allowing the company to train its AI models, such as Gemini, on Reddit content via access to the platform's API.

Persons: Sam Altman, Robert Thomson, OpenAI, Reddit, Mira Murati, Murati Organizations: Economic, News Corp, Wednesday, Street, The New York Post, News, Google, Reddit Locations: Davos, Switzerland, OpenAI, The, OpenAI's

☆ Autos giant Peugeot is trialing driverless tech — with a twist — for Amazon-style deliveries
▼ + stars: | 2024-05-22 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

The Peugeot e-3008 electric car on display during a presentation at the Stellantis car factory in Sochaux, France. PARIS, France — French car giant Peugeot told CNBC this week that it's partnering with Vay, a German mobility startup, to integrate so-called "teledriving" tech — an alternative to autonomous cars — into its vehicles. The deal will see the two companies assess the use of Vay's teledriving tech on "last-mile delivery" vans and smaller logistics vehicles, with a focus on business-to-business (B2B) customers. The first pilot test drives of Vay's technology with Peugeot vehicles are expected to take place this year. Peugeot is looking to include the tech in its E-3008 electric SUVs and some electric vans.

Persons: Vay, Justin Spratt, Spratt Organizations: Peugeot, CNBC, Amazon Locations: Sochaux, France, PARIS

☆ 9 little-known growth stocks with exposure to AI or other transformative trends, according to a top-5% fund manager in the last 10 years
▼ + stars: | 2024-05-22 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

Industry analysts think the AI revolution is still in its early stages, and longtime fund manager Chris Retzler agrees. But the market veteran believes small, under-the-radar growth stocks—not the well-known companies that have already surged — are the best way to play the AI boom. AdvertisementHow to invest in small caps — and where to find themSince 2008, Retzler has single-handedly managed the Needham Small Cap Growth Fund (NESGX). Plus, investors are overlooking small-cap stocks' exposure to key growth opportunities like AI, data center buildouts, military modernization, and telecommunication improvements, in Retzler's view. "Money doesn't go immediately to small caps — it goes to the next market cap, generally," Retzler said.

Persons: —, Chris Retzler, Retzler, he's, Morningstar, doesn't, Rogers, Lumentum, that's, Generac Organizations: Service, Nvidia, Business, Industry, Growth, MKS, Aspen Locations: ROG

☆ Meta is considering new paid deals with media publishers for AI training data
▼ + stars: | 2024-05-22 | by ( Kali Hays | ) www.businessinsider.com time to read: +4 min

Meta may need such access to make its generative AI tools, like Meta AI, more effective for users and more competitive in the increasingly crowded market of generative AI search tools and chatbots, the people said. User posts and comments on Facebook or Instagram are not necessarily the type of high-quality training data that generative AI chatbots and search tools need to generate quality outputs. Previously, Zuckerberg said he did not expect the generative AI boom. The US Copyright Office is considering new rules to cover generative AI. Major rival tech companies now fiercely competing in generative AI have already entered into deals with news publishers and media outlets for more access to content to be used as model training data.

Persons: Meta, Mark Zuckerberg, Zuckerberg, Dotdash Meredith, Axel Springer, OpenAI, Kali Hays Organizations: Service, Meta, Facebook, Business, News, Google, US, News Corp, Financial, Associated Press, BI, Politico, Microsoft, The New York Times, Times Locations: Europe, khays@businessinsider.com

☆ Here are Wednesday's biggest analyst calls: Nvidia, Meta, Tesla, Chipotle, Ferrari & more
▼ + stars: | 2024-05-22 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are Wednesday's biggest calls on Wall Street: Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it's sticking with its overweight rating on Tesla but says it's only a matter of time before others automakers begin to take advantage of AI also. Morgan Stanley reiterates Meta as overweight Morgan Stanley said that, as users adopt the company's Reels product it becomes a "monetization opportunity." Morgan Stanley reiterates Dell as a top pick Morgan Stanley said Dell remains a favorite name at the firm. Morgan Stanley reiterates McDonald's as overweight Morgan Stanley said it's standing by the fast-food chain. Morgan Stanley reiterates Ferrari as overweight Morgan Stanley said it's standing by its overweight rating on the automaker.

Persons: Morgan Stanley, Tesla, Piper Sandler, Piper, Meta, Dell, JMP, Oppenheimer, it's, Goldman Sachs, Goldman, Kraft Heinz, McDonald's, Rosenblatt, John Malone, Sportico, Morgan Stanley downgrades, Generac, Jefferies, Needham, Stryker, Ferrari, MSFT Organizations: GM, Ford, Nvidia, Blackwell, ODM, Lenovo, Dell, China Tech Hardware, Costco, " Bank of America, Bank of America, Kraft, Brunswick, UBS, Brunswick Corporation, Atlanta Braves Holdings, Deutsche Bank, Waste Management, Deutsche, Price, Jefferies, Prudential, Lincoln National, Microsoft, Garmin, of America Locations: Coinbase, Shopify

☆ This startup built AI that's actually licensed to practice law. We got an exclusive look at the pitch deck it used to raise $5 million.
▼ + stars: | 2024-05-22 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The startup, Superlegal, just raised $5 million in seed funding in a round led by Israeli VC funds Aleph and Disruptive AI. The startup says it has the only AI licensed to practice law in the US. One such startup, Robin AI, raised a Series B funding round earlier this year for its gen AI-powered contract drafting and review technology. Here's a look at the 14-slide pitch deck Superlegal used to raise its $5 million seed round.

Persons: —, Tom Glover, Westlaw —, Superlegal, Noory, hasn't, AI, Bechor Organizations: Service, Israeli, Alicorn Venture Capital, Thomson Reuters, Business, Utah Locations: Israel

☆ Meet the leaders of the Trump era's new conservative economic populism
▼ + stars: | 2024-05-22 | by ( Eamon Javers | ) www.cnbc.com time to read: +9 min

Drew Angerer | Getty ImagesThis reported column is Part Two of Eamon Javers' two-part series on the new, conservative economic populism gaining ground among Republicans close to former President Donald Trump. In Part One, Javers introduces readers to the new, conservative economic populism gaining ground among Republicans close to former President Donald Trump. Senator Republican Marco Rubio gives a speech at the Conservative Political Action Conference (CPAC) in Orlando, Florida, February 25, 2022. Cass counts among his allies several well respected conservative economic thinkers. "It's economic policy that emerges not from good economics, but from politics and the culture war and what your base wants," he said.

Persons: Vance, Sen, Josh Hawley, Drew Angerer, Eamon Javers, Donald Trump, Javers, WASHINGTON —, Trump, Sohrab Ahmari, Ahmari, Donald Trump's, –, We've, Oren Cass, —, Marco Rubio, Tom Cotton, Republican Marco Rubio, Octavio Jones, Cass, Robert Lighthizer, Lighthizer, James Pethokoukis, Pethokoukis, Joe Biden —, Biden, Kahn, Lina Kahn, Lina Khan, Tom Williams Organizations: Republican, U.S, Senate, GOP, Wall Street Journal, Security, African American, Trump coalition, National Labor Relations, American, Conservative Political, Reuters, CNBC, United States Trade, Trump, American Enterprise Institute, Democratic, Big Tech, Biden's Federal Trade Commission, Financial Services, General Government, Federal Trade Commission, Cq, Inc, Getty Locations: Ohio, Cuyahoga Falls , Ohio, America, Washington, Ukraine, Vance ( Ohio, Fla, Mo, Washington . U.S, Orlando , Florida, Biden's, Rayburn

☆ Shocking: Some AI developers didn’t listen when a woman rejected their offer
▼ + stars: | 2024-05-22 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

Back in September, Scarlett Johansson, who played the hauntingly complex AI assistant in the 2013 Spike Jonze film “Her,” got a request from OpenAI’s CEO, Sam Altman. He wanted to hire Johansson to voice his company’s newest ChatGPT model, “Sky.” She said no. Johansson quickly lawyered up, saying Monday she was “shocked, angered and in disbelief” that Altman would use a voice “so eerily similar” to her own. OpenAI was forced to confront some of those concerns late last week, after two prominent employees left the company. “Being friends with AI will be so much easier than forging bonds with human beings,” wrote Wired editor Brian Barrett in a recent essay about the movie.

Persons: CNN Business ’, you’ve, Scarlett Johansson, Spike Jonze, ”, Sam Altman, Johansson, OpenAI, Altman, Altman —, Jan Leike, OpenAI’s, Ilya Sutskever, ” Altman, “, that’s, Joaquin, Brian Barrett, — CNN’s Clare Duffy, Brian Fung Organizations: CNN Business, New York CNN, Google Locations: New York, Silicon

☆ 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

☆ Here's how Coinbase would benefit from U.S. ether ETFs if approved, according to JMP
▼ + stars: | 2024-05-22 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Coinbase is poised to benefit from U.S. spot ether exchange-traded funds, if they are approved, according to JMP Securities. The turnaround sent ether soaring more than 20% to start the week. ETH.CM= 5D mountain Ether 5-day chart JMP's Devin Ryan said in a note Wednesday that Coinbase could see benefits to its transaction, custody and staking businesses as a result of the introduction of ether ETFs. He also said an ether ETF approval does not necessarily signal a blessing by the SEC of the broader crypto asset class, or even comfort around all ETH use cases, such as staking. JMP has an outperform rating on Coinbase and a price target of $320, implying nearly 42% upside from Tuesday's close.

Persons: Coinbase, Devin Ryan, Ryan, JMP Organizations: JMP Securities, U.S . Securities, Exchange Commission, SEC, Fidelity, Management Locations: Base, BlackRock

Analyst Ronald Epstein downgraded the electronics maker to underperform from neutral and slashed $15 off his price target to $150. Analyst Rupesh Parikh reiterated his outperform rating on the wholesaler, while lifting his price target by $45 to $850. Analyst Tal Liani reiterated his buy rating on the software stock and price target of $315. Analyst Gabriela Borges upgraded the retail software stock to buy from neutral and raised her price target by $7 to $74. He also slapped a $42 price target on the stock, implying upside of nearly 17%.

Persons: Goldman Sachs, Piper Sandler, Kraft Heinz, Ronald Epstein, Epstein, — Alex Harring, Oppenheimer, Rupesh Parikh, Parikh, Alex Harring, Daniel Grosslight, Grosslight, HIMS, he's, Tal Liani, Liani, CORA, it's, Morgan Stanley, Josh Baer, Baer, Box's, there's, Goldman, Gabriela Borges, Borges, Shopify, Michael Lavery, Lavery, KHC, Fred Imbert Organizations: CNBC, Garmin Garmin, Bank of America, Garmin, Costco, Citi, Kraft, ~$ Locations: Tuesday's, Swiss, Shopify

☆ Snowflake CEO talks collaboration with Nvidia: 'There's a lot to come'
▼ + stars: | 2024-05-22 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

In a Wednesday interview with CNBC's Jim Cramer, Snowflake CEO Sridhar Ramaswamy indicated the cloud data company will collaborate further with artificial intelligence darling Nvidia . There's a lot to come and Jensen's, of course, a visionary when it comes to AI," Ramaswamy said, referencing Nvidia chief Jensen Huang. Ramaswamy also said Snowflake's enterprise customer base is growing and described what the company can do for names like Kraft Heinz . For example, he said Snowflake's AI offerings can analyze customer feedback data to help determine automated responses to questions. "The era of enterprise AI is here, right here at Snowflake."

Persons: CNBC's Jim Cramer, Snowflake, Sridhar Ramaswamy, Ramaswamy, Jensen Huang, Huang, he's, Kraft Heinz Organizations: Nvidia, Cloud Summit Locations: San Francisco, Snowflake

☆ A Microsoft under attack from government and tech rivals after 'preventable' hack ties executive pay to cyberthreats
▼ + stars: | 2024-05-22 | by ( Trevor Laurence Jockims | ) www.cnbc.com time to read: +13 min

The decision by Microsoft to link executive compensation to successful cybersecurity performance is another is prompting discussions at other firms. One change the tech giant is making in response: linking executive compensation more closely to cybersecurity. In recent years, many Fortune 500 companies, including Apple, have added bonus pay tied to ESG metrics. The conversations about cybersecurity-linked executive pay have started taking place at other companies since Microsoft made its move, according to Aalap Shah, managing director at executive compensation consultant Pearl Meyer. Madnick's research shows that gaps in corporate culture are often culprits in high-profile hacks, not just the Microsoft example.

Persons: Brad Smith, Charlie Bell, Aalap Shah, Pearl Meyer, It's, I've, Shah, —, Stuart Madnick, Madnick, Ryan Kalember, unavoidability, Jen, Kalember, ransomware, Mike Doonan, Doonan Organizations: Microsoft, U.S, Hill, Google, U.S . Department of Homeland, Initiative, Microsoft Security, Team, Companies, Fortune, Apple, MIT, Infrastructure Security Agency, CNBC, Technology, State Department Locations: China, Russia, cybersecurity, U.S

☆ Nvidia crushes sky-high expectations and charts continued AI-driven dominance for years to come
▼ + stars: | 2024-05-22 | by ( Jeff Marks | ) www.cnbc.com time to read: +10 min

In what was the most anticipated quarter this earnings season, Nvidia far outpaced lofty expectations on the top and bottom lines. Adjusted gross margin of 78.9% also beat the Street's 77.2% estimate, according to market data platform FactSet. Through its Nvidia AI Enterprise service, Nvidia is in the process of building out a potentially massive software business. Nvidia said Tesla's use of Nvidia AI infrastructure "paved the way" for the "breakthrough performance" of full self-driving version 12. Kress expects sovereign AI revenue to approach the high single-digit billions of dollars this year from nothing last year.

Persons: Jensen Huang, Blackwell, here's, Jensen, it's, It's, Colette Kress, Kress, Hopper, Jim Cramer's, Jim Cramer, Jim, David Paul Morris Organizations: Nvidia, Revenue, Enterprise, Devices, Intel, Oracle, Microsoft, Infrastructure, Blackwell, Capital, CNBC, Nvidia Corp, Technology Conference, Bloomberg, Getty Locations: China, U.S, San Jose , California

☆ Judge rules Exxon can sue activist shareholder over climate proposal
▼ + stars: | 2024-05-22 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

A federal judge in Texas on Wednesday said Exxon Mobil can sue to bar a climate change proposal from an activist investor, in a case that has raised concerns about its future effect on shareholder resolutions. Exxon sued the two investors in January after they submitted a proposal to be tabled at the May 29 annual shareholder meeting that called for the company to accelerate carbon dioxide emissions reductions. Arjuna and Follow This subsequently withdrew the proposal, but Exxon proceeded with its claims against the two firms, arguing that they could file similar proposals at future shareholder meetings. The judge, appointed to the federal bench by former President Donald Trump in 2019, said Exxon should not be faulted for distrusting the activist investors. He said Arjuna could slightly modify its withdrawn 2024 proposal for submission to future shareholder meetings.

Persons: Mark Pittman, Arjuna, Exxon's, Pittman, Donald Trump, that's Organizations: Exxon Mobil, U.S, District, Northern, Northern District of, Boston, Exxon, Securities, Exchange Commission, Oil, Defendant, CNBC Locations: Texas, Northern District, Northern District of Texas, Netherlands

☆ Nvidia shows no signs of AI slowdown after over 400% increase in data center business
▼ + stars: | 2024-05-22 | by ( Kif Leswing | ) www.cnbc.com time to read: +4 min

Jensen Huang, co-founder and chief executive officer of Nvidia Corp., during the Nvidia GPU Technology Conference (GTC) in San Jose, California, US, on Tuesday, March 19, 2024. Nvidia's most important clients for its graphics processing units are the big cloud providers — Amazon Web Services, Microsoft Azure, Google Cloud and Oracle Cloud. For example, CoreWeave, a GPU cloud, is currently quoting $4.25 per hour to rent an Nvidia H100. Huang said Meta has declared its intention to spend billions on 350,000 Nvidia chips, even though the company isn't a cloud provider. Meta's cluster of servers is an example of "essential infrastructure for AI production," Huang said, or, "what we refer to as AI factories."

Persons: Jensen Huang, There's, Nvidia's, Colette Kress, Kress, Huang, Meta, Blackwell, Elon Musk's xAI Organizations: Nvidia Corp, Nvidia, Technology Conference, Web Services, Microsoft, Google, Oracle, NVIDIA, Facebook, Meta, Tesla Locations: San Jose , California

☆ A former model accused Diddy in a new lawsuit of sexually assaulting and drugging her in 2003. He's now facing 5 suits.
▼ + stars: | 2024-05-22 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +4 min

Read previewA former model filed a lawsuit Tuesday, accusing embattled music mogul Sean "Diddy" Combs of sexually assaulting her in 2003. Crystal McKinney, according to a lawsuit obtained by Business Insider, met Combs at a 2003 Men's Fashion Week event in Manhattan when she was 22. According to the lawsuit, McKinney was introduced to Combs by a fashion designer who believed Combs could "advance her modeling career." AdvertisementAccording to the lawsuit, McKinney was invited back to Combs' recording studio and given what she believed to be laced marijuana. One woman said in her suit filed in December that Combs "sex trafficked and gang raped" her as a 17-year-old in 2003.

Persons: —, Sean, Diddy, Combs, Crystal McKinney, McKinney, Comb's, Cassie Ventura, Ventura, Aaron Dyer, Dyer, Mr Organizations: Service, Business, New York's Southern, Court, NYC, Associated Press, CNN, Los Angeles Hotel, Department of Homeland Security Locations: Manhattan, New York's, Los, Los Angeles, Miami

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