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☆ Amazon CEO Andy Jassy says he's committed to cost cutting while investing in AI in shareholder letter
  + stars: | 2024-04-11 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com   time to read: +41 min
This work diminished short-term revenue, but was best for customers, much appreciated, and should bode well for customers and AWS longer-term. We're also making progress on many of our newer business investments that have the potential to be important to customers and Amazon long-term. Being intentional about building primitives requires patience. Customers building their own FM must tackle several challenges in getting a model into production. Customers' AI models contain some of their most sensitive data.
Persons: Andy Jassy, Jassy, Jeff Bezos, he's, we've, Martha Stewart, Clinique, we're, We've, bode, We're, I've, iterating, We'd, we'd, Fox, affordably, you've, They're, Anthropic, that's, Claude, Dana, debugs, Slack Organizations: Amazon, Services, AWS, Deal, Prime, MGM, Savings, Regions, Citadel, Target, Storage Service, Netflix, Disney, Max, Paramount, CIA, . Intelligence, Amazon Freight, Carrier, Amazon Shipping, Foods, Drones, Amazon Pharmacy, Amazon Clinic, Robotics, Nvidia, Ricoh, NatWest, FMs, Meta, Bridgewater Associates, Farber Cancer Institute, Delta Air Lines, Intuit, KT, Lonely, LexisNexis, Netsmart, Pfizer, PGA, Rocket Companies, Siemens, Media, Inc Locations: North America, U.S, Europe, India, Brazil, Australia, Mexico, Middle East, Africa, Malaysia, New Zealand, Kingdom of Saudi Arabia, Thailand, Berlin, Hulu, Amdocs, Genomics England, GoDaddy, GenAI
☆ Ex-BOJ official predicts no yen intervention until breach of 150 threshold
  + stars: | 2023-08-22 | by ( Leika Kihara | ) www.reuters.com   time to read: +3 min
The dollar stood at 146.125 yen on Tuesday, staying near a nine-month high of 146.565 hit last Thursday. But anxiety over the weak yen appears less than a year ago as households are becoming accustomed to rising prices, he said. The benefits of a weak yen are also becoming clearer due to Japan's re-opening of borders, which is reviving inbound tourism and domestic service-sector firms, he added. "Public discontent over the weak yen isn't escalating to a scale seen last year," he said. But authorities could intervene if the yen speeds up its pace of declines and breaches 150 to the dollar, he said.
Persons: Yen, Dado Ruvic, Takeuchi, Kishida, Fumio Kishida, Atsushi Takeuchi, Japan's, Leika Kihara, Simon Cameron, Moore Organizations: REUTERS, FX, Reuters, Ricoh Institute of Sustainability, Ministry of Finance, Thomson Locations: Tokyo, TOKYO, Japan
☆ This Gen Z founder made an OnlyFans rival that has no nudity and sold it for $65 million
  + stars: | 2023-05-29 | by ( Pete Syme | ) www.businessinsider.com   time to read: +9 min
He said it sold for $65 million after sites including TikTok "failed" to help creators make money. The 22-year-old certainly doesn't need to live with his folks: He became a millionaire last year after his company, Fanfix, sold for $65 million, according to Crunchbase. It's a model broadly similar to OnlyFans, but with a major difference: it doesn't allow nudity. When SuperOrdinary bought Fanfix, Insider's Geoff Weiss reported that there were plans for product collaborations with the platform's creators. And they took advantage of the creators, and so a massive gap opened up for platforms like Patreon, platforms like us."
☆ Japan's Nikkei powers to 1990 'bubble' era high
  + stars: | 2023-05-19 | by ( Kevin Buckland | ) www.reuters.com   time to read: +3 min
TOKYO, May 19 (Reuters) - Japan's Nikkei share average rallied on Friday to the highest since August 1990, the country's so-called "bubble" era, driven by a confluence of positive factors from strong earnings to optimism over a U.S. debt ceiling deal. The broader Topix (.TOPX), which had reached the post-bubble milestone on Tuesday, extended its climb to as high as 2,171.37. Foreign buying thanks to increased investment by Warren Buffett and a push for better corporate governance by the Tokyo Stock Exchange also provided some impetus. The Nikkei had rocketed 6.2% from the May 10 close - when sweeping rally began - to reach Friday's high. "Investors are going to spend today thinking hard about whether this Nikkei rally will continue," said Kazuo Kamitami, an equity strategist at Nomura Securities.
☆ How a work management platform can help your organization embrace digital transformation
  + stars: | 2022-12-05 | by ( Sponsor Post | Created Asana With Insider Studios | ) www.businessinsider.com   time to read: +6 min
For many, this will mean moving on from a legacy ecosystem and investing in a new era of digital transformation. Ricoh's team was also primarily operating in manual workflows, which resulted in uncoordinated project launches and lack of transparency across the organization. A leading work management platform that helps organizations of all sizes orchestrate their work, Asana was a foundational step in working cohesively. Nine months in, and Ricoh's marketing team is using Asana as its day-to-day workplace management platform. Learn more about how Asana can help your team embrace a digital transformation.
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