DIRS.INFO The most relevant business & tech news

☆ 'Nobody wants to talk about it': A market-shifting real-estate trend is hiding in plain sight — and these 5 states will benefit most
▼ + stars: | 2024-07-27 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

"We've got a real headwind from climate change," Zelman told Business Insider in late July. AdvertisementThe two hottest days in recorded history were earlier this week, according to the Europe-based Copernicus Climate Change Service. Most scientists say that's due to climate change caused by humans, but even if it's a coincidental pattern, the trend of rising temperatures is undeniable. AdvertisementMidwestern cities are destined to overtake the 'Sun Melt'During the "great reshuffling" of the pandemic, warmer states in the Sun Belt region were among the biggest beneficiaries. The widespread advent of remote work allowed millions of people to relocate, and many moved in droves to warmer states in the Southern US.

Persons: —, Zelman, she's, We've, I've, Sylvain Leduc, Daniel Wilson Organizations: Service, Zelman, Associates, Wall, Business, Van Lines, Federal Reserve Bank of San Locations: Europe, Southern, South, Carolinas , Tennessee, Florida, Arizona, North Carolina, South Carolina , Tennessee, Georgia, Alabama, Texas, Midwest, Federal Reserve Bank of San Francisco, Miami, Ohio, Michigan , Illinois , Iowa, Wisconsin, Cleveland

Learn morePrime Day is just around the corner, and Amazon is offering a free $20 credit for a limited time only. All eligible Amazon Prime customers need to do is upload a photo to Amazon Photos for the first time, and they're good to go. You must be an Amazon Prime customer who isn't currently on a trial account and hasn't used Amazon Photos before. Prime Day features major deals across all categories for Amazon Prime members, from daily sales to lightning deals. If you're interested in learning more about Prime Day and what deals might be available to spend your $20 on, you can check out our Prime Day guide and our early Prime Day deals roundup.

Persons: isn't Organizations: Business, Amazon, Amazon Prime

☆ How do celebrities get their hands on museum-quality gowns?
▼ + stars: | 2024-05-07 | by ( Leah Dolan | ) edition.cnn.com time to read: +12 min

But today, as more and more celebrities choose to wear vintage, the all-important stretch of red carpet has started to look more like a museum hallway. Kendall Jenner's vintage dress for the 2024 Met Gala. Mugler — the luxury French fashion house responsible for dressing Zendaya in a 30 kilogram full metal robot suit from 1995. Although interest in vintage fashion is rising amongst celebrity clients, not everyone is qualified to physically handle these pieces. John Shearer/WireImage/Getty ImagesFashion’s rat raceBut if these one-of-a-kind pieces are so fragile, and the method of their conservation so exact, how do celebrities even get their hands on them?

Persons: CNN —, Miley Cyrus, Laverne Cox, Olivia Rodrigo, Bob Mackie, ”, Vanessa Friedman, Cardi, Margot Robbie, Jennifer Lawrence, Mugler, Givenchy —, That’s, Kim Kardashian, Marilyn Monroe’s, Emily Ratajkowski, Versace, Zendaya, Givenchy, Kendall Jenner, Kendall Jenner's, Jamie McCarthy, Renée Zellweger, Jean Dessès, Julia Roberts, “ Erin Brockovich, Erin Walsh, Anne Hathaway, Selena Gomez, Sarah Jessica Parker, WWD, Wiktor, ” Adrian Corsin, Law Roach, Jean, Jacques Urcun, Marion Bourdée, Adrian, Julie Ann Clauss, Tom Ford, Calvin Klein, Marc Jacobs, Carolina Herrera, “, John Shearer, Kylie, ” Jenner, Thierry Mugler, Couturissime, ” Bourdée, Kylie Jenner, Ripley’s, ” Mugler, won’t, Walsh, ” Erin Walsh, Valentino, Karwai Tang, We’re, Kendall, ” Corsin, hasn’t Organizations: CNN, New York Times, Givenchy, London, Publishing, Brooklyn, International Council of Museums, , New York, Hollywood, SAG, Vogue Locations: Zendaya, London, France, LA, Mugler, New York, “, , New

☆ Power demand from data centers is expected to boom by 160% into 2030, boosting electricity needs at a rate unseen in a century. These 16 buy-rated stocks are set to benefit, according to Goldman Sachs
▼ + stars: | 2024-05-05 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

According to an April 28 report from Goldman Sachs, the demand for power from AI data centers is expected to increase by 160% between 2023 and 2030. The report states that the rate of demand growth expected in the next five years has not been witnessed since the beginning of the century. AdvertisementFluence Energy (FLNC) provides clean energy storage that can serve as a power supply backup source if data centers experience outages. NextEra Energy (NEE) is a US energy company already providing power to data centers and demand from its electricity supply is expected to grow. nVent Electric (NVT) is an electrical parts supplier that provides liquid cooling, enclosures, power distribution, and cable management for data centers.

Persons: —, Goldman Sachs, Goldman, it's, Kinder Morgan Organizations: Service, Real, Business, Microsoft, Fluence, Google, GE, NextEra Energy, Co, Georgia Power, Xcel Energy, Cameco Corporation, EQT Corp, Caterpillar, Eaton Corporation, MYR Locations: US, Canadian

☆ 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

☆ AI job cuts: Technology will shrink workforces within five years, say company execs
▼ + stars: | 2024-04-05 | by ( Anna Cooban | ) edition.cnn.com time to read: +2 min

AI is emerging “as a great disruptor in the world of work,” Denis Machuel, chief executive of Adecco Group, said in a statement. Some 46% of executives said they would redeploy employees internally if their jobs were impacted by AI. Responses from more than 800 global companies showed that a quarter of them expected AI to cause job losses, while half thought the technology would create new jobs. The WEF said employers expected most technologies, including AI, to be “a net positive” for jobs over the following five years. Still, that offers little consolation to the workers AI has already helped push out.

Persons: ” Denis Machuel, Goldman Sachs Organizations: London CNN, Adecco Group, Oxford, Adecco, World Locations: Swiss, United States, Canada, Germany, Japan

☆ Google challenges cloud rivals by making it free for customers to transfer data when they leave
▼ + stars: | 2024-01-11 | by ( Jordan Novet | ) www.cnbc.com time to read: +4 min

"Starting today, Google Cloud customers who wish to stop using Google Cloud and migrate their data to another cloud provider and/or on premises, can take advantage of free network data transfer to migrate their data out of Google Cloud," Amit Zavery, a Google cloud vice president, wrote in the post. In 2018, Cloudflare announced the Bandwidth Alliance, a group of companies, including some cloud providers, that reduce or eliminate those data transfer, or egress, fees. "Restrictive licensing practices remain a far bigger issue to customers who want the choice of working with their preferred cloud provider," the spokesperson said. By making transfer free, Google could be pressuring rivals to follow suit or risk losing out on new business prospects. Last year Google expressed concerns about Microsoft's cloud practices to officials in the U.S. and the European Union.

Persons: Amit Zavery, Cloudflare, Zavery, Thomas Kurian Organizations: Amazon, Microsoft, Google, Bandwidth Alliance, Oracle, Amazon Web Services, European, European Union Locations: Virginia, U.S

☆ Amazon announces Q, an AI chatbot for businesses
▼ + stars: | 2023-11-28 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Amazon on Tuesday announced a new chatbot called Q for people to use at work. The Copilot for Microsoft 365 and Duet AI for Google Workspace for business workers both cost $30 per person per month. As a result, with Q, people can discuss information that's stored in Microsoft 365, Dropbox, Salesforce and Zendesk, along with AWS' S3 data-storage service. Administrators will be able to determine whether Q can answer people's questions about general topics, said Deepak Singh, an AWS vice president. WATCH: The market now sees Amazon as more of a cloud and generative AI company, says Needham's Laura Martin

Persons: James Bond, Salesforce's Slack, Adam Selipsky, Selipsky, Steven Dickens, Q, Deepak Singh, Needham's Laura Martin Organizations: Amazon Web Services, Microsoft, Google, Star Trek, Futurum, AWS Locations: Las Vegas

☆ HSBC to launch storage services for tokenized securities as more big banks warm to blockchain
▼ + stars: | 2023-11-08 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

HSBC on Wednesday announced it will offer custody services for tokenized securities, making the British bank the latest major institution to embrace digital assets. HSBC is using technology from Swiss crypto custody firm Metaco, which was recently acquired by blockchain startup Ripple, to store bonds and other securities. HSBC is the latest institution to embrace digital asset custody, after U.S. banking giant BNY Mellon announced a similar move in 2021. Tokenized securities are effectively regulated assets, like bonds and equities, in the form of tokens issued on a blockchain. It marks another step from HSBC toward embracing digital assets.

Persons: BNY Mellon, bitcoin, Banks, Zhu Kuang Lee, Adrien Treccani Organizations: HSBC, Wednesday, HSBC Orion, BNY, CNBC, Hong Locations: Europe, British, Swiss, Hong Kong

☆ CNBC Daily Open: Is trouble brewing?
▼ + stars: | 2023-10-27 | by ( Clement Tan | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Amazon reported third-quarter earnings and revenue on Thursday that sailed past analysts' estimates. Cost cuttingIntel shares rose about 7% in after-hours trading after the company reported third-quarter earnings on Thursday that beat expectations for profit and sales, even as overall revenue declined. Multiple names within the Nasdaq are already in a bear market, or down more than 20% from their 52-week highs.

Organizations: CNBC, Big Tech, Nasdaq, Dow Jones, Amazon Web Services, Ford, United Auto Workers union, Intel, CNBC Pro

☆ Amazon's cloud group becomes more profitable but misses on top line
▼ + stars: | 2023-10-26 | by ( Jordan Novet | ) www.cnbc.com time to read: +1 min

Amazon said Thursday that its cloud unit grew revenue 12% year over year in the third quarter. That's lower than the $23.20 billion consensus among analysts polled by StreetAccount. Amazon had a happier story to tell on the profitability of its cloud business. It generated $6.98 billion in operating income, a figure that was up 29% and considerably more than the StreetAccount consensus of $5.63 billion. Amazon's entire business generated $11.19 billion in operating income.

Organizations: Amazon, Amazon Web, StreetAccount

More than 9 million merchants sell their wares on Amazon's marketplace and also supply it with steady streams of revenue. Amazon collects advertising fees for touting their products, fulfillment fees for delivery in addition to less specific "sellers' fees." Some merchants welcome the potential of relaxed seller and advertising charges, while others worry that completely dissolving Amazon's advertising services would harm their ability to reach shoppers. The FTC found that the company's fulfillment fees increased approximately 30% between 2020 and 2022. Dieterle relies on Amazon's fulfillment and advertising services to boost merchandise sales.

Persons: Mike Segar, Rick Dieterle, Dieterle, Lindsay Windham, Bryan Croft, Croft, Big, Jason Hince, Hince, Stacy Mitchell, Arriana McLymore, Matthew Lewis 私 Organizations: REUTERS, Rights, Merchants, U.S . Federal Trade, Big Tech, Amazon, FTC, Taco Brands, Union, HC Brands, Big Crazy Buffalo, Facebook, Google, Big, Institute for Local Locations: Manhattan, New York City, Rights RALEIGH, North Carolina, Buffalo, Raleigh , North Carolina

☆ These 10 airports have the best food options in the world—only 4 are in the U.S.
▼ + stars: | 2023-07-22 | by ( Celia Fernandez | ) www.cnbc.com time to read: +1 min

It's no secret airport food can be hit or miss. Radical Storage, a luggage storage service and travel tip provider, ranked the best airports for food in the world from an analysis of more than 1.2 million passenger reviews. Number of eateries that offer vegan and vegetarian options. Number of eateries that offer gluten-free options. Only four airports in the U.S. made the top 10: Hartsfield-Jackson Atlanta International Airport in Georgia, Dallas-Fort Worth International Airport in Texas, Chicago O'Hare International Airport in Illinois and Los Angeles International Airport in California.

Organizations: Google, U.S ., Hartsfield, Jackson Atlanta International Airport, Fort Worth International, Chicago, International, Los Angeles International Locations: U.S, Georgia, Dallas, Texas, Illinois, California

☆ AI is already linked to layoffs in the industry that created it
▼ + stars: | 2023-07-04 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +6 min

Some 212,294 workers in the tech industry have been laid off in 2023 alone, according to data tracked by Layoffs.fyi, already surpassing the 164,709 recorded in 2022. But in the shadow of those mass layoffs, the tech industry has also been gripped by an AI fervor and invested heavily in AI talent and tech. Roger Lee, a startup founder who has been tracking tech industry layoffs via his website Layoffs.fyi, also runs Comprehensive.io, which examines job listings and compensation data across some 3,000 tech companies. Those looking to thrive in the tech industry and beyond may need to brush up on their AI skills. It’s not that everyone needs to become AI specialists, Wang added, but rather that workers should know how to use AI tools to become more efficient at whatever they’re doing.

Persons: Arvind Krishna, Barrons, Krishna, Dropbox, ”, Drew Houston, “, Dan Wang, ” Wang, Mark Zuckerberg, Roger Lee, Lee, Wang, It’s, That’s Organizations: CNN, Bloomberg, Columbia Business School, Layoffs.fyi, Microsoft, Machine Locations: OpenAI, Silicon Valley

☆ Elon Musk blamed data scraping for strict 'rate limits' on viewing tweets. Twitter's former head of trust and safety says it's not the first time the site's been broken by someone 'bumbling around in
▼ + stars: | 2023-07-02 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +4 min

Elon Musk announced limits to how many tweets Twitter users could view to combat data scraping. "To address extreme levels of data scraping & system manipulation, we've applied the following temporary limits," Musk announced on Twitter in the first of a series of tweets about the decision. Throughout the day, Musk continued posting about the rate limits, increasing the number of posts users could view each time. As Twitter users scrolled through the site, once they reached the new viewing limits, no new content would be displayed. "Futzing with rate limits is probably the easiest way to break Twitter."

Persons: Elon Musk, we've, Musk, Yoel Roth, Roth, Reddit, Linda Yaccarino's Organizations: Twitter, Google, Elon, Bloomberg

☆ Twitter's latest vendor to go unpaid is Oracle, despite Elon Musk's friend Larry Ellison investing $1 billion in the takeover
▼ + stars: | 2023-06-21 | by ( Kali Hays | ) www.businessinsider.com time to read: +4 min

Oracle cofounder Larry Ellison is a fellow billionaire and longtime friend of Musk. Even Elon Musk's close friend and financial backer Larry Ellison isn't safe from the Twitter owner's refusal to pay various bills and expenses. Oracle, the company Ellison cofounded and where he remains chairman and CTO, is the latest Twitter vendor to go months without being paid for services rendered, according to two people familiar with the company. Stiffing Oracle is more of a surprise given Musk's close personal and financial relationship with Ellison. Ellison was subpoenaed as part of Twitter's lawsuit to force Musk into acquiring the company for the agreed upon price.

Persons: Elon Musk, Larry Ellison, Musk, Elon Musk's, Larry Ellison isn't, Ellison, He's, Linda Yaccarino, Kali Hays Organizations: Twitter, Oracle, Google, X Holdings, Tesla, New York Times Locations: Europe, Asia, khays

☆ Senators unveil bipartisan legislation to ban kids under 13 from joining social media platforms
▼ + stars: | 2023-04-26 | by ( Brian Fung | ) edition.cnn.com time to read: +8 min

The proposed legislation by a bipartisan group of US senators aims to address what policymakers, mental health advocates and critics of tech platforms say is a mental health crisis fueled by social media. “Social media companies have stumbled onto a stubborn, devastating fact,” Schatz said. But it would represent a potentially vast expansion of the government’s role in regulating websites where age verification is a requirement. Tech companies could still develop their own in-house age verification technology or hire third party companies to perform the verification, lawmakers said. Violations of the proposed law could mean millions of dollars in Federal Trade Commission fines for social media companies.

☆ Arkansas governor signs sweeping bill imposing a minimum age limit for social media usage
▼ + stars: | 2023-04-12 | by ( Brian Fung | ) edition.cnn.com time to read: +6 min

Sarah Huckabee Sanders has signed a sweeping bill imposing a minimum age limit for social media usage, in the latest example of states taking more aggressive steps intended to protect teens online. The legislation, known as the Social Media Safety Act and taking effect in September, is aimed at giving parents more control over their kids’ social media usage, according to lawmakers. It defines social media companies as any online forum that lets users create public profiles and interact with each other through digital content. The confusion over YouTube appears to stem from the carveout for businesses that offer cloud storage and that make less than 25% of their revenue from social media. “The purpose of this bill was to empower parents and protect kids from social media platforms, like Facebook, Instagram, TikTok and Snapchat,” Dees said in a statement.

French cloud computing services provider and complainant OVHcloud (OVH.PA) is also waiting for a more concrete proposal from Microsoft, a person with direct knowledge of the matter said. Resolving the complaints with the companies could help Microsoft stave off a possible EU antitrust investigation that could lead to a fine as much as 10% of its global turnover. The complaints by OVHcloud, Italian cloud service provider Aruba and a Danish association of cloud service providers focused on Microsoft's cloud practices and licensing deals. "We are grateful for the productive conversations that led us there and appreciate the feedback that we have received since," a Microsoft spokesperson said. Cispe's members include cloud computing market leader Amazon.com Inc (AMZN.O).

☆ Dangers from Hacks Stretch Beyond Broken Computer Systems
▼ + stars: | 2023-03-15 | by ( James Rundle | Kim S. Nash | ) www.wsj.com time to read: +6 min

Newsletter Sign-up WSJ Pro Cybersecurity Cybersecurity news, analysis and insights from WSJ's global team of reporters and editors. Part of the delay, he said, was in getting details from the cloud company, which he declined to name. Cybersecurity companies should be held to a higher standard than others in relaying information about hacks quickly and thoroughly, Mr. Toubba said. The lessons learned from cyberattacks can be just as important as how a company responds to a breach, security chiefs say. LastPass has also rolled out several security tools in its infrastructure, data center and cloud systems, Mr. Toubba said.

☆ Reshoring is accelerating—These stocks should benefit as companies return to the U.S.
▼ + stars: | 2023-02-27 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

Reshoring declarations are amping up, as more companies look to return operations to the United States from overseas. Corporate reshoring announcements jumped 17% in the fourth quarter compared with the prior quarter and are now tracking nearly 300% higher than the fourth quarter of 2021, according to UBS. In fact, reshoring and foreign direct investments jobs reached a record of at least 360,000 jobs last year, according to the Reshoring Initiative. The move back to the U.S . can also be seen in corporate earnings, said Ron Graziano, managing director of global accounting and tax for Credit Suisse. The company's equipment is needed for big semiconductor manufacturing plants as companies test chips as they are produced, Snyder said.

☆ Amazon's cloud business reports 20% growth in fourth quarter, missing estimates
▼ + stars: | 2023-02-02 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Amazon Web Services leads the cloud infrastructure market, with almost 39% share in 2021, according to estimates from industry researcher Gartner. Revenue growth at AWS has generally decelerated since 2015 as the segment has become larger and competition has picked up. In the fourth quarter, AWS generated $21.4 billion in revenue, representing 14% of Amazon's total revenue. Also in the quarter, AWS announced the availability of data center regions in Spain and Switzerland. WATCH: Amazon Web Services revenue growth will slow down more in 2023, says Satori Fund's Niles

☆ Why ChatGPT Could Remain Free Amid Paid 'Pro' Version
▼ + stars: | 2023-01-29 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +4 min

OpenAI is floating a paid version of its product, prompting questions about future access. The Microsoft tie-up could help develop more sophisticated ChatGPT versions, experts said. The evolution toward paid versions is a common framework for newer technologies, where companies may release free or low cost versions to entice users and to gauge adoption. Keeping a version of ChatGPT free will still help the company develop its technology, Astvansh said. "A free version will help gather data on how people are asking questions, and help it improve other versions of GPT," he said.

Twitter accounts that offer to trade or sell child sexual abuse material under thinly veiled terms and hashtags have remained online for months, even after CEO Elon Musk said he would combat child exploitation on the platform. The tweets reviewed by NBC News offer to sell or trade content that is commonly known as child pornography or child sexual abuse material (CSAM). The tweets do not show CSAM, and NBC News did not view any CSAM in the course of reporting this article. The problem has been pervasive enough to catch the attention of some Twitter users. In 25 tweets, users tagged Musk using at least one of the major hashtags to alert him to the content.

☆ Australia takes aim at Apple, Microsoft over child protection online
▼ + stars: | 2022-12-15 | by ( Byron Kaye | ) www.reuters.com time to read: +2 min

The disclosure confirms gaps in the child protection measures of some of the world's biggest tech firms, building public pressure on them to do more, according to the commissioner. Meta Platforms Inc, (META.O) which owns Facebook, Instagram and WhatsApp, and Snapchat owner Snap Inc (SNAP.N) also got demands for information. The responses overall were "alarming" and raised concerns of "clearly inadequate and inconsistent use of widely available technology to detect child abuse material and grooming", commissioner Julie Inman Grant said in a statement. Microsoft and Apple "do not even attempt to proactively detect previously confirmed child abuse material" on their storage services, although a Microsoft-developed detection product is used by law enforcement agencies. An Apple announcement a week ago that it would stop scanning iCloud accounts for child abuse, following pressure from privacy advocates, was "a major step backwards from their responsibilities to help keep children safe" Inman Grant said.

Search resuls for: "Storage Service"

25 mentions found