DIRS.INFO The most relevant business & tech news

☆ The digital ad market is showing signs of stabilization. How the pros are playing it
▼ + stars: | 2023-08-13 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

The signs of stabilization are perhaps most evident through recent better-than-feared earnings from behemoths like Alphabet and Meta Platforms as they focus on cost cuts and efficiency after 2022's rout. Meta Platforms said ad revenue rose about 12% last quarter from the prior year. Buying the '800-pound gorilla' It's hard to ignore Alphabet or Meta Platforms when investing in the advertising industry. On the digital side, Hanna Howard, a research analyst at GAMCO Investors, opts for Meta Platforms. Amazon posted a 22% increase in online advertising revenue year over year, and $10.68 billion in sales overall.

Persons: Susan Li, Rohit Kulkarni, Gene Munster, Paul Meeks, Meeks, Morningstar's Ali Mogharabi, Hanna Howard Organizations: Apple, Google, Roth Capital Partners, Street, Meta, Intelligence, Amazon, Independent Solutions Wealth Management, GAMCO Investors, Munster, Web Services

☆ Zuckerberg Says It’s ‘Time to Move On’ From ‘Cage Fight’ With Musk
▼ + stars: | 2023-08-13 | by ( Rob Copeland | More About Rob Copeland | ) www.nytimes.com time to read: +1 min

The will-they-or-won’t-they drama between Elon Musk and Mark Zuckerberg over a potential “cage fight” appeared on Sunday to end with a whimper, as Mr. Zuckerberg said that Mr. Musk’s delays and excuses had rendered the discussion moot. In a post to his nascent social-networking platform, Threads, Mr. Zuckerberg, the chief executive of Meta, wrote, “I think we can all agree Elon isn’t serious and it’s time to move on.” He included the hint of a taunt, “If Elon ever gets serious about a real date and official event, he knows how to reach me.”Mr. Zuckerberg’s message seemingly ended the suspense around a stranger-than-fiction summer of tension between the technology titans. Less than two months ago, Mr. Musk mused that he was “up for a cage match.” That was just before Instagram, owned by Meta, introduced Threads as a competitor to Mr. Musk’s Twitter (now renamed “X”). Whether or not he was serious at the time, intermediaries between the men began sketching out the contours of a match. Both executives continued to fan the flames; Mr. Zuckerberg posted photographs of himself shirtless in training, and Mr. Musk said in posts on X that the event could happen in Italy.

Persons: Elon Musk, Mark Zuckerberg, ”, Zuckerberg, “, Elon isn’t, Elon, Mr, Musk’s, Musk Organizations: Elon, Meta, Musk’s Twitter Locations: Italy

☆ From Elon Musk to Chinese tech titans, everyone wants Nvidia's GPU chips. There might not be enough to go around.
▼ + stars: | 2023-08-12 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Elon Musk has loaded up on Nvidia GPUs for X, xAI, and Tesla. Meanwhile, Chinese tech titans are reportedly scrambling to buy $5 billion worth of the chips. But there are signs emerging that there may not be enough of Nvidia's chips to go around, with multiple top executives warning that demand is massively outpacing supply. Soaring demandThe massive increase in interest in artificial intelligence has been a key factor driving demand for Nvidia's semiconductors. Perhaps the strongest sign that demand for Nvidia's chips is soaring came in May, when it released stellar second-quarter revenue forecasts that smashed Wall Street's expectations by 50%.

Persons: Elon Musk, Biden, Tesla, Adam Selipsky, Matthew Prince, there's, Barron's Organizations: Nvidia, titans, Service, Soaring, New, Research, Financial Times, Elon, Twitter, Web Locations: Wall, Silicon

Da Ponte denied a Bloomberg report that the payments processor paused development of its stablecoin in February. But da Ponte argues this troubled backdrop is exactly why PayPal is poised to succeed. Then there's the hypothetical digital dollar that would be the Fed's take on a central bank digital currency, or CBDC. "We have a large base of consumers; we have a large base of merchants," da Ponte said of PayPal's "two-sided network." Da Ponte sees PayPal's more than 20-year tenure in the payments space as one of the company's chief advantages in the stablecoin market.

Persons: Jose Fernandez da Ponte, PayPal's, Da Ponte, Paxos, it's, Ponte, stablecoins, Nic Carter, Stablecoins, Carter, Andy Bromberg, Andreessen Horowitz, Bromberg, PYUSD, Jeremy Allaire, Allaire, Patrick McHenry, McHenry Organizations: PayPal, CNBC, Bloomberg, SEC, New, Regulators, Valley Bank, U.S ., U.S, Castle, Ventures, Companies, Eco, Coinbase Ventures, Paypal, Facebook, Financial Services, America Locations: U.S, New York, Bromberg, web3, United States, R, DexTools

☆ Top tech investor names 5 tech stocks to buy — and says 2 still have 'a lot of upside'
▼ + stars: | 2023-08-08 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Top tech investor Paul Meeks says he'll likely buy the dip in stocks, as he doesn't expect a significant and long-lasting downturn, he told CNBC. "Tech and aggressive growth stocks in particular, have done so well, this year, probably got way ahead of themselves going up too far too fast. The five tech stocks he said he would buy are Meta , Alphabet , Extreme Networks , Arista Networks and Shopify . Meeks added that he would also consider one small-cap tech stock that's "too cheap:" Harmonic , a video-streaming tech company. Here's how much average potential upside Wall Street is giving the stocks Meeks mentioned, according to FactSet.

Persons: Paul Meeks, he'll, Meeks, CNBC's, Amazon Meeks, He's, AAPL Organizations: CNBC, Wall, Nasdaq, Dow, Tech, Independent Solutions Wealth Management, Networks, Arista Networks, Apple, titans Apple, Oracle Locations: U.S, China

☆ Martin Walser, 92, Dies; Among the Last Postwar German Literary Titans
▼ + stars: | 2023-08-08 | by ( Clay Risen | More About Clay Risen | ) www.nytimes.com time to read: +1 min

Martin Walser, among the last of a generation of acerbic, socially engaged novelists who dominated the German literary scene after World War II, died on July 26 in Überlingen, Germany, a city on Lake Constance, along the Swiss border. His publisher, Rowohlt, announced his death in a statement but did not provide a cause. Alongside writers like Henrich Böll, Günter Grass and Siegfried Lenz, Mr. Walser wrote essays, plays and novels that skewered what they saw as the complacent conservatism of Germany as it rebuilt itself into an economic powerhouse during the 1950s and ’60s. “If one were to cite an example of historically conscious, committed writing in postwar German literature, who else would spring to mind than Martin Walser?” President Frank-Walter Steinmeier of Germany wrote after Mr. Walser’s death. In 1981, he received the Georg Büchner Prize, the highest literary honor in Germany.

Persons: Martin Walser, Rowohlt, Henrich Böll, Siegfried Lenz, Walser, Frank, Walter Steinmeier, “ Ein, Georg Büchner Locations: Überlingen, Germany, Lake Constance, Swiss

☆ JPMorgan, Bank of America and 4 other Wall Street titans are set to pay $8.9 billion after this spring's banking fiasco
▼ + stars: | 2023-08-07 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +2 min

JPMorgan, BofA, and Wells Fargo are among those refilling the FDIC's deposit insurance fund. The FDIC's fund recently took a $13 billion hit following the failure of First Republic Bank. Wall Street's largest lenders are set to pay nearly $8.9 billion to refill the Federal Deposit Insurance Corporation (FDIC) coffers after this spring's banking fiasco. JPMorgan tops the list as the biggest contributor, expected to pay $3 billion towards the US government's deposit insurance fund, according to Bloomberg. What followed was a $15.8 billion hole in the FDIC's deposit insurance fund.

Persons: Wells, Goldman Sachs, Morgan Stanley, Jamie Dimon Organizations: titans, JPMorgan, First Republic Bank, Morning, Deposit Insurance Corporation, Bloomberg . Bank of America, Citi Group, FDIC, Silicon Valley Bank, Signature Bank, Fed Locations: Wells Fargo, Silicon

☆ Jeff Bezos and Lauren Sanchez's superyacht engagement party reportedly included business titans and celebs, from Bill Gates and his girlfriend to Leonardo DiCaprio
▼ + stars: | 2023-08-07 | by ( Haley Tenore | ) www.businessinsider.com time to read: +3 min

Some big names attended, including Bill Gates, Bumble CEO Whitney Wolfe Herd, and Kris Jenner. The party took place on Bezos' $500 million yacht, which first set sail in February. Jeff Bezos and Lauren Sanchez celebrated their engagement last week — and their party aboard the Amazon cofounder's $500 million superyacht attracted some big names. Attendees included Kris Jenner, Bumble CEO Whitney Wolfe Herd, and fashion designer Sarah Staudinger, according to photos on Sanchez's Instagram. Bezos and Sanchez have been spending lots of time on their $500 million yacht, which first hit the seas in February.

Persons: Jeff Bezos, Lauren Sanchez, Bill Gates, Bumble, Whitney Wolfe Herd, Kris Jenner, Sarah Staudinger, Instagram, Paula Hurd, Page, Wendi Murdoch, Rupert Murdoch's, Ari Emanuel, Staudinger, Andrew Garfield, Tobey Maguire, Rania Al Abdullah, Queen of Jordan, Leonardo DiCaprio, Bezos, DiCaprio, Sanchez, Mackenzie Scott Organizations: Morning, Black Ops Aviation, Good Locations: Positano, Italy

☆ Oil prices are up 20% and energy stocks are rebounding
▼ + stars: | 2023-08-04 | by ( Krystal Hur | ) edition.cnn.com time to read: +5 min

New York CNN —Energy stocks are making a comeback after being left for dead earlier this year. Energy stocks faltered in the beginning of the year, defying investors’ expectations for last year’s boom to accelerate on a lack of global supply. That drop in energy stocks came despite OPEC+ producers, the cartel of oil producing countries plus Russia, announcing several output cuts in a bid to bump up crude prices. US WTI crude oil prices have gained 22% since June 11, while global benchmark Brent is up by 19%. Jobs report will likely be strongMarkets and economists are expecting another solid jobs report on Friday, reports my colleague Alicia Wallace.

Persons: That’s, what’s, ”, Rebecca Babin, Chevron, Derek Amey, Jobs, Alicia Wallace, Daniel Zhao, Refinitiv, Read, Here’s what’s, Danielle Wiener, Bronner, We’ve, ” Read Organizations: CNN Business, Bell, New York CNN — Energy, Energy, OPEC, Brent, Federal Reserve, CIBC Private Wealth, titans, Shell, Reuters, Glassdoor, USA Rice Federation Locations: New York, Russia, Saudi Arabia, China

☆ Surprise winners, shock losers in 32-team World Cup group stage
▼ + stars: | 2023-08-04 | by ( Lori Ewing | ) www.reuters.com time to read: +5 min

The stunning upsets sent twice German champions packing in their first exit from the group stage in nine editions of the World Cup. Revived Norway were a big group stage winner, brushing off a turbulent two weeks to squeeze into the knockout rounds on goal difference over New Zealand. Norway's advancement sealed New Zealand's fate, despite the Football Ferns having edged the Norwegians 1-0 for their first win at a World Cup at the tournament's opening match. South Africa are not used to dominating outside their own continent and the nation erupted in celebration after the Banyana Banyana knocked out Italy, quarter-finalists four years ago, to progress with their first ever World Cup win. China's Steel Roses, once titans of women's soccer with silver medals from the 1996 Olympics and 1999 World Cup, were shock losers in the group stage, bowing out in a 6-1 thumping by England.

Persons: Deneisha Blackwood, Read, Lorne Donaldson, we'll, Anissa Lahmari, Marta, Canada's, Christine Sinclair, Sam Kerr, Matildas, Tony Gustavsson, Kailen Sheridan, Winger Caroline Graham Hansen, Hege Riise, Banyana, Cyril Ramaphosa, Shui Qingxia, Shui, Lori Ewing, Michael Perry Organizations: Soccer Football, FIFA, Jamaica, Brazil, Melbourne, Australia, New Zealand, Colombia, ARM, Olympic, Football Ferns, U.S, United, debutants, England, Thomson Locations: New Zealand, Jamaica, Brazil, Melbourne, Australia, SYDNEY, Morocco, South Africa, Norway, Germany, Canada, China, Perth, South Korea, Brisbane, Korea, New, Eden Park, Portugal, United States, debutants Portugal, Italy, England

☆ Stocks are having their best run since 2021. Can they beat the August doldrums?
▼ + stars: | 2023-08-01 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

On average, August has been the worst performing month for stocks since 1986, according to Morningstar. That means the dwindling number of traders who remain must take extra care in a such a potentially volatile environment. 99-year-old trucking company Yellow shuts downYellow Corp., a 99-year-old trucking company that was once a dominant player in its field, halted operations Sunday and will lay off all 30,000 of its workers, reports my colleague Chris Isidore. He said the company began taking on significant amount of debt 20 years ago in order to acquire other trucking companies. “Now their debt service is just enormous,” he said, pointing to $1.5 billion in debt on its books.

Persons: Morningstar, It’s, it’s, ”, Michael Landsberg, Landsberg, “, ” Jackson, Jerome Powell, Barbie, Barbie ”, “ Oppenheimer, Eva Rothenberg, “ Barbenheimer ”, “ Barbie, Chris Isidore, Satish Jindel, Tom Nightingale, Read Organizations: CNN Business, Bell, New York CNN, Nasdaq, Apple, Landsberg Bennett, Wealth Management, Federal Reserve Bank of Kansas, Fed, Dow, AMC, Oppenheimer AMC Theaters, CNN, Warner Bros, Corp, Teamsters, AFS Logistics, “ Locations: New York, Jackson Hole , Wyoming, Washington, Nashville , Tennessee

☆ These are the watch brands most popular with Silicon Valley's tech elite
▼ + stars: | 2023-07-29 | by ( Lakshmi Varanasi | Jordan Hart | ) www.businessinsider.com time to read: +2 min

Insider asked style experts about the most popular watch brands worn by technology titans. Since the pandemic, those in the know say people in the tech industry are fixating more on watches than ever before. Victoria Hitchcock, a fashion lifestylist and personal brander in Silicon Valley, told Insider by email. Unlike professionals in finance who have long seen the value of "a statement," those in tech industry have been characterized — and even mocked — for their fixation on utility and simplicity. With that in mind, here's a closer look at the watches trending in Silicon Valley right now:

Persons: Cartier, Victoria Hitchcock, —, Paul Altieri, Patek Philippe, Jeff Bezos, Bill Gates, here's Organizations: titans, Casio, Omega, Morning, Technology, Rolex Locations: Silicon Valley

Now, two prominent senators are pushing to create a new federal agency to rein in the power of Big Tech. Elizabeth Warren, Democrat of Massachusetts, and Lindsey Graham, Republican of South Carolina, plan to introduce the Digital Consumer Protection Commission Act, which they say would restrain tech titans while letting them continue to innovate. But these companies have fought hard against increased oversight, and it’s unclear how a new agency will fit into a Washington already full of regulators. The bill is in the vein of legislation that established agencies to oversee fast-growing industries, much like how Congress created the Interstate Commerce Commission, the Federal Communications Commission and the Nuclear Regulatory Commission. “For too long, giant tech companies have exploited consumers’ data, invaded Americans’ privacy, threatened our national security and stomped out competition in our economy,” Ms. Warren told DealBook’s Ephrat Livni.

Persons: Elizabeth Warren, Lindsey Graham, Ms, Warren, DealBook’s Ephrat Livni Organizations: Apple, Meta, Microsoft, Big Tech, Republican, Digital Consumer Protection, Interstate Commerce Commission, Federal Communications Commission, Nuclear Regulatory Commission Locations: Massachusetts, South Carolina, Washington

☆ Why big banks like JPMorgan and Citi want to put Wall Street on a blockchain
▼ + stars: | 2023-07-26 | by ( Jordan Smith | ) www.cnbc.com time to read: +1 min

Banking titans such as JPMorgan and Citi want to supercharge Wall Street by borrowing a tool from crypto — tokenizing assets on a blockchain. The firm projects $5 trillion in assets could be tokenized on blockchains over the next five years. It takes time to transfer ownership of an asset on Wall Street. U.S. agencies like the Securities and Exchange Commission are cracking down on crypto companies. Watch the video above to learn why big banks are spending millions on tokenization.

Persons: Elliot Han, Cantor Fitzgerald, Bernstein, Banks, James Angel, Gary Gensler Organizations: Banking, JPMorgan, Citi, Georgetown University, Securities and Exchange Commission Locations: U.S

☆ Premarket stocks: The stock market is dominated by just a handful of companies. The Biden administration is worried
▼ + stars: | 2023-07-25 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

What’s happening: Two years ago, Lina Khan, 34, became the youngest and perhaps most progressive leader of the FTC’s 100-plus year history. Khan, meanwhile, was unable to successfully block Microsoft from closing its $69 billion purchase of videogame publisher Activision Blizzard last week. The rise of gig workers is changing the face of the US economyFrom CNN’s Samantha DelouyaLazarus Limo usually starts his day at 10 a.m. But workplace experts say the number of gig workers is growing, and and their impact is being felt throughout the economy. But whether the success of both films will translate into a sustained revival of the movie industry remains to be seen.

Persons: New York CNN —, Biden, Lina Khan, haven’t, Khan, Kevin Kiley, Joe Biden, —, Brian Fung, ” Khan, “, ” What’s, She’s, Samantha Delouya Lazarus, ”, that’s, Louis Hyman, ” Read, “ Barbie ”, “ Oppenheimer, Anna Cooban, “ Barbie, Barbie ”, ” Daniel Loria, Disney’s “ Indiana Jones Organizations: CNN Business, Bell, New York CNN, Apple, Microsoft, Nvidia, of America, Big Tech, Federal Trade Commission, FTC, White, Activision Blizzard, Republican, Economic, of New, Yale Law, Amazon, Bloomberg, Tech, Meta, Uber, CNN, DoorDash, of Labor Statistics, Cornell University, “ Society, Insiders, Warner Bros, Universal Studios, Warner Bros ., AMC, Hollywood Locations: New York, California, of New York, Hill , North Carolina, “, United States, Instacart, Disney’s

Kering, the French luxury goods company that owns brands like Balenciaga, Alexander McQueen and Yves Saint Laurent, surprised the fashion industry this week when it announced a sweeping reorganization of its top ranks, including the departure of Marco Bizzarri, the longtime chief executive of Gucci, Kering’s premier brand. Activists have turned on the luxury industry in recent years. Dan Loeb’s Third Point as well as Artisan Partners called for change at Richemont, the owner of jewelry brands like Cartier and Van Cleef & Arpels. But the most active recently is Bluebell, a four-year-old, $250 million firm that has also taken aim at Richemont, and the fashion brand Hugo Boss. Bluebell failed to persuade fellow Richemont shareholders to add Francesco Trapani, the former chief executive of Bulgari, as a director, but the conglomerate agreed to give public investors more influence.

Persons: Alexander McQueen, Yves Saint Laurent, Marco Bizzarri, Gucci, François, Henri Pinault, Kering, Dan Loeb’s, Van Cleef, Hugo Boss, Bluebell, Francesco Trapani Organizations: Kering’s, Bluebell Capital Partners, Partners, Cartier, BlackRock, GlaxoSmithKline Locations: London

Kin Cheung | Pool | Getty ImagesLONDON — Two countries are jockeying for position as Europe's capital for artificial intelligence. So, who is leading the race to take Europe's AI crown? The European Union has its AI Act, which is set to be the first comprehensive set of laws focusing on artificial intelligence in the West. In contrast the EU's AI Act could make France "less attractive" for investment in artificial intelligence given that it lays down "a burdensome regulatory regime" for AI, Tanna said. Alexandre Lebrun, CEO of Nabla, an AI "copilot" for doctors, said the U.K. and France are "probably even" when it comes to attractiveness for starting an AI company.

Persons: Rishi Sunak, Emmanuel Macron, Kin Cheung, Macron, Karen Tso, Sunak, it's, Sajid Javid, Boris Johnson's, Simmons, Tanna, Anton Dahbura, Alexandre Lebrun, Lebrun, who've, Keir Starmer Organizations: British, Viva Tech, London Tech, Microsoft, U.S, CNBC, supercomputing, European Union, Johns Hopkins Institute, Autonomy, Google, Facebook, EU, Labour Locations: Europe, China, VivaTech, Paris, France, U.S, West, Germany, London

☆ US startups are having a bad year. Relief isn’t coming
▼ + stars: | 2023-07-18 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

Across the country, in Silicon Valley, the situation isn’t quite as good. For decades Silicon Valley has been a dominant contributor to the US economy and an integral part of the country’s culture. Bankruptcy filings…less so.”Pitchbook and The National Venture Capital Association’s most recent report on the industry also takes a pessimistic view of the situation. What it means: While startups are certainly far from extinct, there has been a serious culling in Silicon Valley that will likely continue on for some time. Just 19% of venture capital deals were made with startups based in the Bay Area this year; that’s down from 22% in 2020.

Persons: haven’t, Tom Loverro, IVP, Pitchbook, ”, dealmakers, Goldman Sachs, Morgan Stanley, they’ll, they’re, Elizabeth Warren, Tesla, Elon Musk, Ramishah Maruf, Elon, “, ” Warren, funneling Tesla, Warren, Gary Gensler, Linda Yaccarino, Musk, CNN’s Justin Gamble, Bill Clinton, Jonah Bryson, “ We’ve, Michael D, Smith Organizations: CNN Business, Bell, New York CNN, Apple, Microsoft, Venture, National Venture Capital, Goldman, Center for Research, Bank, SEC, Twitter, Securities and Exchange, AmeriCorps, CNN Locations: New York, Silicon Valley, Silicon, Massachusetts, America

Despite falling poll numbers and critical news coverage, Mayor Eric Adams clearly has the continued monetary support of two influential spheres of influence: real estate leaders and the donor class from New York City and beyond. Mr. Adams has raised $1.3 million since January for his 2025 re-election effort in the latest reporting period, drawing maximum $2,100 donations from real estate magnates like Marc Holliday, the chief executive of SL Green, the city’s largest commercial landlord, and its founder, Steve Green; and Alexander and Helena Durst, members of The Durst Organization real estate dynasty, according to new filings with the city’s Campaign Finance Board. About $550,000 came from donors outside New York City who live in the suburbs, Florida and other states — a continuation of a pattern displayed early in his tenure, when he held fund-raisers in Beverly Hills and Chicago in his first months in office. As mayor, Mr. Adams has often taken positions that benefit the real estate industry, including being supportive of rent increases and criticizing state lawmakers for failing to replace a tax-incentive program for developers known as 421a.

Persons: Eric Adams, Adams, Marc Holliday, Steve Green, Alexander, Helena Durst Organizations: SL Green, Organization, city’s Campaign Locations: New York City, Florida, Beverly Hills, Chicago

☆ Decoding billionaire style at this year's Sun Valley conference: It's all about half zip sweaters, muted tones, and On shoes.
▼ + stars: | 2023-07-15 | by ( Sindhu Sundar | Lakshmi Varanasi | ) www.businessinsider.com time to read: +1 min

Elite guests sported neutral looks seemingly inspired by the quiet luxury of "Succession." Morning Brew Insider recommends waking up with, a daily newsletter. But that's exactly what the paths around town became as billionaire and CEO guests strolled and biked between conference sessions at this year's Allen & Co. event. The fashion choices of the business elite seemed to evoke the luxury style seen on the hit HBO TV show "Succession," with a focus on muted tones and casual wear. Here's what the Who's Who of the business world wore at the Sun Valley conference this week.

Persons: strolled, Allen, it's Organizations: Allen, Co, athleisure, HBO, Sun Locations: Swiss, Sun Valley , Idaho

☆ 5 Restaurants in Naples Where You Can Forget About Pizza
▼ + stars: | 2023-07-14 | by ( Seth Sherwood | ) www.nytimes.com time to read: +1 min

The worldwide culinary fame of Italy’s third-largest city boils down to one word: pizza. But a slew of top-notch trattorias, osterias and ristoranti exist right alongside pizza titans like Sorbillo and Da Michele. Drawing on the cornucopia of livestock and produce from the fertile fields and coastal waters of the Campania region — cattle, goats, shellfish, wheat, artichokes, zucchini, figs, citrus fruits and more — these eateries dish out local inventions from mussel soup to homegrown pastas to limoncello. So when you’re ready to foray beyond the overcrowded dens of dough and red sauce, here are five addresses in five neighborhoods offering both traditional and creative takes on beloved Neapolitan recipes and ingredients. Buon appetito.

Persons: Da Michele, appetito Locations: Campania

☆ Industry Ventures just raised $1.4 billion for one of the largest venture capital secondary funds ever
▼ + stars: | 2023-07-13 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +2 min

Industry Ventures is one of the largest players in the VC secondary market, where shares of startups are bought and sold. Industry Ventures, a pioneer in the venture capital secondary market where shares of startups are bought and sold, has raised $1.4 billion for its latest flagship secondary fund, according to an SEC filing. The last time the industry saw a fund of this size was when StepStone Group closed its $2.3 billion secondary fund in 2021. "Everyone is gonna have to have a secondary strategy," said Ken Sawyer, co-founder of Saints Capital, another major player in the VC secondary market. This latest fundraise by Industry, which is backed by Goldman Sachs Asset Management among others, could be a sign of increased interest in the VC secondary market.

Persons: Industry Venture's, Ken Sawyer, Sawyer Organizations: Industry Ventures, Industry, SEC, StepStone Group, titans, Insight Partners, Tiger Global, Saints Capital, Goldman Sachs, Management

☆ Musk and Zuckerberg might channel their cage-fight anger on a new, shared enemy: ChatGPT
▼ + stars: | 2023-07-13 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Artificial intelligence could become the next battleground for Elon Musk and Mark Zuckerberg. Artificial intelligence could become the next battleground in the ongoing feud between Tesla CEO Elon Musk and Meta Platforms boss Mark Zuckerberg. The two billionaires – who've been trading barbs online since Musk summoned Zuckerberg to a cage fight last month – are working to challenge the dominance of ChatGPT owner OpenAI. Zuckerberg responded by telling Musk to "send [him his] location", setting the stage for a physical confrontation. Insider tech reporter (and resident combat sports expert) Hasan Chowdhury believes that Zuckerberg would have the edge in that one.

Persons: Elon Musk, Mark Zuckerberg, – who've, Musk, Zuckerberg, OpenAI, it's, It's, Sam Altman's, Hasan Chowdhury Organizations: Meta, Financial Times, Microsoft, Nvidia Locations: DeepMind

To help you score all the best Prime Day discounts, we're rounding up all of the best Prime Day PC gaming deals. Top 7 Prime Day PC gaming dealsThe best Prime Day gaming laptop dealsGaming laptops are down to low prices for Prime Day. $1,999.99 from Amazon Originally $3,199.99 Save 38%The best Prime Day gaming desktop dealsYou can snag great gaming desktops with powerful hardware at a discount on Prime Day. $1,259.99 from Amazon Originally $1,399.99 Save 10%The best Prime Day gaming monitor dealsAmazon's Prime Day sale includes big deals on gaming monitors from HP, LG, and more. $169.99 from Amazon Originally $249.99 Save 32%The best Prime Day gaming headset dealsGaming headsets are seeing great Prime Day discounts right now.

Persons: Marti Bug, That's, DisobeyArt, it'll, William Antonelli, Price Razer, Price Organizations: Amazon, ASUS, Intel, Razer, Getty, HP, LG, DC, Nvidia, AMD, Prime, Asus, Logitech, PlayStation, Amazon's, Price Logitech, Lightspeed, Bluetooth, Samsung, titans

☆ Tax prep companies shared private taxpayer data with Google and Meta for years, congressional probe finds
▼ + stars: | 2023-07-12 | by ( Brian Fung | ) edition.cnn.com time to read: +10 min

Some of the tax-prep companies still do not know whether the data they shared continues to be held by the tech platforms, the report said. The Warren aide told CNN it was unclear whether Meta knew it was inappropriately using taxpayer data at the time. The investigation found that all three tax-prep companies had discontinued their use of Meta’s pixel after The Markup’s report last November. “The scope of ‘taxpayer information’ is broad by design,” Rosenthal said, adding that tax-prep companies can be sued for “knowingly” or “recklessly” leaking that information. Depending on the strength of the allegations, the tax-prep companies could quickly be forced into a binding settlement, said a former FTC official who requested anonymity in order to speak more freely.

Persons: “, ”, David Vladeck, Vladeck, Democratic Sen, Elizabeth Warren, Meta, Warren, ‘, Sens, Ron Wyden, Richard Blumenthal, Tammy Duckworth, Sheldon Whitehouse, Sen, Bernie Sanders, Katie Porter, TIGTA didn’t, Block, TaxSlayer didn’t, TaxAct, TaxSlayer, TurboTax, Steven Rosenthal, ” Rosenthal Organizations: CNN, Meta, Google, Georgetown University, Federal Trade Commission, Democratic, FTC, Internal Revenue Service, Justice Department, Tax Administration, Intuit, IRS, Urban, Brookings Tax Locations: United States, Google’s

Search resuls for: "Titans"

25 mentions found