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☆ Why Twitch's CEO says AI will be a 'boon' for livestreaming creators
▼ + stars: | 2024-06-27 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +6 min

Read previewWith a Ph.D. in artificial intelligence and as the former head of NASA's AI and robotics unit, Twitch CEO Dan Clancy readily pitches himself as something of a generative AI expert. Twitch creators have begun using generative AI to set up debates with fictionalized versions of famous people and historical figures, he said. "You're going to be able to do that with two cameras," Clancy said of the advances in generative AI. The documentation for the program, which is due to launch in July or August of this year, doesn't make any mention of AI-generated music. Amazon is developing its own large language models and services that allow customers to build generative AI applications in the cloud.

Persons: —, Dan Clancy, Clancy, he's, Larry Feinberg, livestreams, doesn't, Twitch isn't, OpenAI, Axel Springer, that's Organizations: Service, Business, Cannes Lions, Bloomberg, YouTube, Universal Music, Sony Music, New York Times, Microsoft, Amazon Locations: Japan

☆ Has Fentanyl Peaked?
▼ + stars: | 2024-05-21 | by ( German Lopez | ) www.nytimes.com time to read: +1 min

Last week brought some rare good news on drugs: Overdose deaths declined in 2023. And while the opioid crisis has taken some surprising and terrible twists over the years, it may finally be turning around. First, drug epidemics tend to follow a natural course in which the drugs enter a market, spread and then fade away, at least for some time. Faddish cycleDrugs are often faddish; epidemics tend to ebb on their own. Think of all the drugs that have come and gone over the past several decades, such as crack, meth and synthetic marijuana.

☆ Meet WiFi Money: Wealthy Finance Influencers Who Infuriated Investors
▼ + stars: | 2024-05-19 | by ( Rob Price | ) www.businessinsider.com time to read: +26 min

The Texas couple were staring down more than $100,000 in debt, much of which they had poured into WiFi Money. Those who give their money to WiFi Money are often encouraged to sign up other people in return for a cut of their profits — and perhaps, one day, a chance to become part of the WiFi Money crew. As the money poured in, WiFi Money gained a patina of mainstream credibility. AdvertisementThrough WiFi Money, Moeller and Frederick had created a virtuous cycle of money and influence. The same month investors took WiFi Money to court over the stores, DBC announced it was closing down.

Persons: Alex Moeller, influencer, Jasmine Sadry, Joey Martin, Martin, Moeller, Chris Frederick, Casa Moeller Martinez, MentorCI, Kim Kardashians, Gary Vee, Uber, Etsy, Farnaz Ghaedipour, Frederick, Jay Gatsby, Scott Fitzgerald's, Brandon Celi, There's, Billy, Chris Casey, There's Todd Cahill, Liz Friesen, Tana Mongeau, Kardashian, —, James Ragano, BI Moeller, wouldn't, Kyle McDougal, Sadry, Kyncey, McDougal, hustlers, Kevin O'Leary, Jordan Belfort, Ronaldinho, Glenn Beck, I've, he'd, Daemon, I'm, they'd, It's, Chris Costello, Francis, Ashley, Costello, Gatsby, Casey, Avery Williamson, Victor Bermudez, DBC, They're, Instagram, Rolex Submariner Organizations: WiFi, Lamborghini, McLaren, Fox News, YouTube, Invest, Stanford University, PBS, BI, Social, Yahoo Finance, Business, Times, Piccadilly Circus, Fort, DMs, Kyncey Investments, Amazon, Kyncey, Investors, CNN, Fox Business, Big Tech, Florida Tropics Soccer Club, Royce, WiFi Money, Federal Trade Commission, WifiMoney, IRS, NFL, Dallas, Rolex Locations: Instagram, Mexico, Texas, Dallas, Quito, Ecuador, @amoeller, Florida, pecs, Maryland, Europe, Illinois, Mita, Burj, Fort Worth, dropshipping, Brazilian, New York City, ensconced, Minnesota, Los Angeles, Munich

☆ Why the Early Success of Threads May Crash Into Reality
▼ + stars: | 2023-07-11 | by ( Mike Isaac | More About Mike Isaac | ) www.nytimes.com time to read: +1 min

A big tech company with billions of users introduces a new social network. Leveraging the popularity and scale of its existing products, the company intends to make the new social platform a success. If this sounds like Instagram’s new Threads app and its push against its rival Twitter, think again. Despite the internet search giant’s enormous audience, its social network failed to catch on as people continued flocking to Facebook — and later to Instagram and other social apps. But as Google+ shows, bigness alone is no guarantee of winning the fickle and faddish social media market.

Organizations: Twitter, Google, Facebook Locations: Silicon Valley

☆ LinkedIn ages like fine wine in Microsoft’s cellar
▼ + stars: | 2023-06-28 | by ( Lauren Silva Laughlin | ) www.reuters.com time to read: +5 min

NEW YORK, June 28 (Reuters Breakingviews) - Most corporate acquisitions deteriorate over time, but Microsoft’s (MSFT.O) $26 billion deal for LinkedIn keeps getting better. Buying LinkedIn was a bold step for Satya Nadella, who became the software goliath’s third chief executive in early 2014. Paying a 50% premium for LinkedIn and its 430 million users made it one of the technology industry’s largest deals ever and by far Microsoft’s biggest. The war over the “Call of Duty” maker is just one of many things happening at Microsoft that’s overshadowing LinkedIn. Those market dynamics have buoyed LinkedIn, which was only generating $3 billion in revenue when Microsoft bought it.

Persons: Satya Nadella, Steve Ballmer, There’s, Mark Zuckerberg, Tesla, Elon Musk, faddish, Microsoft’s, It’s, Jeffrey Goldfarb, Sharon Lam Organizations: YORK, Reuters, LinkedIn, Nokia, aQuantive, Activision, Microsoft, Facebook, Twitter, Sprout Social, Bing, Thomson

☆ Ron DeSantis Outlines Second Term as Governor, Steers Clear of Donald Trump
▼ + stars: | 2023-01-03 | by ( Cameron Mcwhirter | John Mccormick | ) www.wsj.com time to read: 1 min

Florida Gov. Ron DeSantis with his wife, Casey, and their children during an inauguration ceremony in Tallahassee, Fla.Florida Gov. Ron DeSantis , a potential leading Republican presidential contender in 2024, attacked what he called “faddish ideologies” and Washington’s “floundering federal establishment” in remarks Tuesday at the inauguration of his second term. Mr. DeSantis, 44 years old, said the state’s law-and-order agenda and its rejection of severe restrictions during the height of the Covid-19 pandemic had motivated people from other states to move to Florida in recent years. In December, the U.S. Census Bureau declared Florida—with 22.2 million residents—to be the nation’s fastest-growing state from 2021 to 2022.

From an eco-conscious blazer reminiscent of an iconic late-1940s Christian Dior silhouette to a cloud-soft sweater unlike any we’ve ever seen, this assortment of 14 chic pieces is intended to satisfy this year’s giftees and, with luck, generations to come. An Affordable Heirloom for the WristWant to bequeath sparkle but don’t love the thought of taking out a second mortgage? Consider this bracelet, a string of 47, round-cut, lab-grown, white sapphires. Los Angeles label Dorsey, which uses lab-engineered gems more affordable than their mined cousins, is helping to democratize high-wattage jewelry. This design is equally appropriate for flashing at a schmancy holiday party or brightening a dull day at the office.

☆ This large cap fund is staying above water in this bear market by being the 'antithesis of ARK'
▼ + stars: | 2022-09-17 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

James Abate expects that his fund distinguished itself this year by maintaining a traditional bottom-up perspective on stocks. The flagship fund of Cathie Wood's ARK Invest, the ARK Innovation ETF , is down 28% this year. The fund manager maintains a concentrated portfolio of 35 to 50 of his best ideas. The fund manager also incorporates hedging techniques, specifically put options, from time to time to fortress the portfolio during periods of volatility, such as during the pandemic. Before founding Centre Asset Management in 2006, Abate started his career as a manager of valuation services at PriceWaterhouseCoopers in 1987, according to LinkedIn.

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