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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInside Google's chip lab, where it makes custom silicon to train Gemini and Apple AI modelsGoogle was the first cloud provider to make its own custom AI chips, called TPUs, when they first came out in 2015 - a trend both Amazon and Microsoft followed years later. Now, Apple has revealed it uses TPUs to train its AI models, positioning Google chips as an alternative to Nvidia's market-leading GPUs. CNBC got an exclusive look inside the lab where Google makes its chips, where its top executive showcased TPU Version 6, and its new Arm-based CPU, Axion, both coming out later in 2024.
Persons: Apple Organizations: Gemini, Apple, Google, Microsoft, CNBC
Generative AI models require huge amounts of training data to enable their systems to produce advanced outputs. But the data that goes into them is often from sources where copyright restrictions are in place. The round values the two-year-old company at $2.25 billion, sources familiar with the matter told CNBC. Fighting AI copyright theftStory is now trying to tackle a timely problem with its tech — theft of copyrighted media on the internet by powerful generative AI models like OpenAI's ChatGPT. But the data that goes into fueling these AI models is often from sources where there's copyright restrictions in place.
Persons: Story, Andreessen Horowitz, Polychain, Smart, Story's, Lee, it's, Dolce Organizations: Getty, San, CNBC, Balmain, Gabbana, Brands, New York Times, Microsoft, Times, Big Locations: Francisco
AdvertisementVMware customers report seeing massive price increases since Broadcom acquired VMware late last year, with some paying as much as 10 times as much for the same services. VMware price hikesDave Russell, senior vice president and head of strategy at Veeam, said his company saw a 300% price increase in the VMware products it's using. Hinkley said CloudBolt's customers have seen VMware price increases ranging from 140% to 600%. Hinkley said longtime VMware customers have spent years developing code and automation processes in their IT infrastructure specifically for running VMware products. Similarly, Virtuozzo CEO Alex Fine said over 200 providers approached his company as a result of the price increases.
Persons: , Craig Hinkley, Rick Vanover, David Rowe, Dave Russell, he's, Russell, Hinkley, they'd, Forrester, Rowe, We've, Steve Tuck, Renee Wells, Wells, Alex Fine, We're, Fine, Rajiv Ramaswami, Ramaswami, Rosalie Chan, Ashley Stewart Organizations: VMware, Service, Broadcom, VMware's, Microsoft, Gartner, Oxide Computer, Rimini, Dell, Nutanix Locations: Rimini, rosal
They'll hand 5%, or $25,000, to their agent, who then gives half, or $12,500, to the buyer's agent. They also feared that buyers' agents might "steer" clients away from homes that dared to offer less than the going rate. But in order to keep using the MLS, buyers' agents will have to abide by another rule that will further upend the old way of doing things. In the old days, a seller might have unthinkingly offered a commission of 2% or even 3% to the buyer's agent. The idea that sellers pay both agents' commissions has always been a clever sleight of hand.
Persons: they'll, didn't, Laura Ellis, they'd, Sellers, Tanya Monestier, Monestier, Ellis Organizations: Realtors, Baird & Warner, MLS, National Association of Realtors, NAR, Consumer Federation of America, California Association of Realtors, CFA, University at Buffalo Locations: Chicago, America, California
The team then tracked the prices of the recommended stocks from the day the videos were posted up until June 21, 2024. The most profit that an investor could have generated from a single stock would have been Nvidia, which grew 63.08% in the period surveyed. If a person invested $1,000 in every stock recommended in the one video that got the most bets right, the gains would have amounted to $4,860. On the other hand, putting money into all the stocks recommended in the video that got most bets wrong would have led to a loss of $1,517. "Furthermore, a single period coincident result does not translate to a definitive conclusion of predictability in the long run."
Persons: Dado Ruvic, Let's, , Gerald Wong, Wong, Jeremy Tan, Jiang Zhang, — Zhang, Tan Organizations: Reuters, Nvidia, Qualcomm, Google, Ginkgo, Holdings, CNBC, Tiger Fund Management, Management, Investor Locations: York, Singapore
Fearful of the US' secondary sanctions, nearly all Chinese banks are refusing payment transfers from Russia. Russia has used smaller banks and non-US dollar currencies to bypass sanctions since the Ukraine invasion. AdvertisementThe impact of the West's sanctions just seems to be getting worse and worse for Russia. Now, 98% of Chinese banks — even small regional ones — are refusing to accept direct Chinese payment transfers from Russia, Alexey Razumovsky, the commercial director of payments company Impaya Rus, told the pro-Kremlin Izvestia media outlet. Such issues appear to have intensified over the last three weeks, because smaller Chinese financial companies were still processing Russian payments in May and June, per Izvestia.
Persons: , Alexey Razumovsky, Impaya Rus Organizations: Service, Impaya, Kremlin, Business Locations: Russia, Ukraine
AdvertisementThose moves show just how rapidly the cable TV business is unraveling. WBD's direct-to-consumer segment still loses money, and its streaming revenue actually declined 6% from last year — even though Max added 3.7 million subscribers. WBD added 3.9 million streaming subscribers abroad last quarter, thanks to its rollout across Europe ahead of the Olympics, which the company broadcasts outside the US. If that service attracts enough cord-cutters, it could help stop the bleeding in WBD's fast-declining pay TV business in a best-case scenario. Join forces with other media firmsAdvertisementAlthough WBD is struggling as the pay-TV business shrinks, the silver lining is that it's not alone.
Persons: , David Zaslav, Patience, WBD wasn't, Max, Fox —, Tim Nollen, WBD, Nollen, Venu, NBA would've, it's Organizations: Service, Warner Bros, Business, Paramount, Macquarie Research, Disney, NBA, Comcast's NBC, MLB, NHL, TNT, TBS, Max, Hulu Locations: WBD, Europe, Latin America
And when Hillary Clinton lost the 2016 election, after Silver gave her a 71% chance of winning, he became the subject of much (misplaced) scorn. But the rest of the world wants to know who Silver thinks is going to win the 2024 election. It's no longer Trump's election to lose. And so if it's Harris 80/20 and Trump wins, or Trump 80/20 and Harris wins on election day, then that's running some career risk. With hindsight, do you make sense at a big company, or do you think you're better as a solo act?
Persons: , Nate, Hillary Clinton, Silver, Sam Bankman, Sam Altman —, I'm, Harris, Kamala Harris, You've, it's, we've, She's, Tim Walz, she'd, Biden, It's someone's, Hilary Clinton, Trump, Clinton, It's, it's Harris, you've, Organizations: Service, NBA, Business, Biden, Trump, Libertarian, Party, New York Times, Disney — Locations: It's
Read previewI've heard all kinds of stereotypes when it comes to Gen Z: They're lazy, they don't want to work, or they lack commitment. Gen Z has a unique way of learning, and they seek a different path to navigate college. For example, Gen Z highly favors a teaching method known as the flipped classroom, where students watch online videos and expert-narrated demonstrations before coming to class. AdvertisementThey're more likely to be mental health advocatesI've noticed Gen Z values interpersonal communication and engagement on mental health issues. This helps students forego classroom hours and zero in on apprenticeships and job training, with some now labeling Gen Z the "tool-belt" generation.
Persons: , Gen, I've, Gen Z, Z, they're Organizations: Service, Business
The idea is that the US would require Google to make its Search index publicly available for anyone to use. AdvertisementBots and indexesA Search index is created by a bot crawling the web and collecting keywords and other information from sites. Related storiesGoogle's Search index is the biggest in the world. The Search index as part of the public commonsWouldn't this be taking something that belongs to Google, though? In the same way Bing powers DuckDuckGo, Google's open index could power other rival search engines that could offer different approaches to Google's search engine.
Persons: , It's, wouldn't, it's, Amit Mehta's, Bing, DuckDuckGo Organizations: Service, Justice Department, Business, Google, Rivals, Mobile Virtual Network, Verizon, DOJ
This story is available exclusively to Business Insider subscribers. Walker now lives off his roughly $18,000 annual pension (AU$28,000), according to bank statements reviewed by Business Insider. And, because his expenses in Chiang Mai are so low, Walker said he is able to save about 40% of his income. Business Insider has heard from Americans who moved from Texas to Panama, California to Italy, and Minnesota to Mexico, all in search of exciting travels and reduced financial stress. In Thailand, Walker said he has met people from all over the world.
Persons: , John, Walker, Chiang, Chiang Mai, It's Organizations: Service, Business, Social Security Administration Locations: Chiang Mai, Thailand, Western Australia, Texas, Panama , California, Italy, Minnesota, Mexico, Chiang, Australia, Spain, Majorca, Costa Rica
How ‘Deepfake Elon Musk’ Became the Internet’s Biggest Scammer An A.I.-powered version of Mr. Musk has appeared in thousands of inauthentic ads, contributing to billions in fraud. Mr. Beauchamp, an 82-year-old retiree, saw a video late last year of Mr. Musk endorsing a radical investment opportunity that promised rapid returns. “I mean, the picture of him — it was him,” Mr. Beauchamp said about the video he saw of Mr. Musk. Original A.I. Audio Original Original A.I.
Persons: ‘ Deepfake Elon, Musk, Steve Beauchamp, Elon, Beauchamp, , ” Mr, ‘ Pick, ’ that’s, “ It’s, , Francesco Cavalli, Scammers, Thorold Barker, Sensity, Warren Buffett, Jeff Bezos, “ Elon, Donald J, Trump, Elon Musk, Andrew Forrest, scammers, Lou Steinberg, Cavalli, Eastern Europe — cobble, “ There’s, Molly White, Finn Brunton, Davis, “ I’m Organizations: A.I, Deloitte, Wall, Street, Amazon, India, Facebook, YouTube, Better Business Bureau, CNET, Meta, Hong Kong’s Securities, Futures Commission, Federal Trade Commission, Federal Bureau of Investigations, TED, Fox News, Eastern Europe —, Tesla, University of California, CNN, New York Times, Magna, The New York Times, Better Locations: Sensity, India, Russia, China, Eastern Europe, Ontario, Canada
Musk agreed with Trump that Harris was a radical leftist and flattered his guest by implying that he was strong and his Democratic opponents were weak. Like, okay, you know, President Trump is like, don’t mess with me.”Musk has already endorsed Trump, and he was leaving no doubt on Monday night that he wants to see him win a second term. Trump may not have been president without Twitter, as his emergence as a political force in 2016 coincided with the site’s heyday. “There is a lot of opposition to people just hearing what President Trump has to say,” Musk said. The Harris campaign was quick to respond, posting a Trump Truth Social post from last year that lambasted Florida Gov.
Persons: Elon Musk, Donald Trump, Kamala Harris, Joe Biden’s, , Musk, Harris, , ” Trump, baselessly, Biden, Trump, ” Musk, Kamala, , , Steven Cheung, he’d, Thierry Breton, Cheung, Ron DeSantis Organizations: CNN, Tech, Elon, Democratic, Trump, Republican, Trump —, SpaceX, Twitter, Presidential, , Musk Trump, Biden, Florida Gov, Capitol Locations: United States, European, Europe
Opinion | Meet the New Boss, Same as the Old Boss
  + stars: | 2024-08-13 | by ( Jamelle Bouie | ) www.nytimes.com   time to read: +1 min
In just a few months, Trump may join the exclusive club of two-time presidential losers. Of course, it is still too early to make any real prediction about November. But the sharp reversal in Trump’s electoral fortunes raises an obvious question worth thinking about now: If Trump loses, and perhaps especially if he loses badly, what comes next for the Republican Party? One of the defining attributes of his leadership of the Republican Party is the extent to which he has so thoroughly reshaped Republican identity while leading Republican politicians to a string of national election defeats. Following Trump’s surprise win in 2016, Republicans either lost or underperformed in 2018, 2020 and 2022.
Persons: Donald Trump, Trump, Andrew Jackson, Abraham Lincoln, Franklin Roosevelt, Ronald Reagan, Trump’s, George H.W, Bush, Doug Mastriano Organizations: Republican Party, Trump, Republican Locations: — Arizona, Georgia, Nevada, Kari Lake, Arizona, Pennsylvania
Read previewRussia and China are planning to revive the age-old practice of barter trade to get around Western sanctions, Reuters reported on Thursday. Since barter trade doesn't require monetary payments, it would allow Russia and China to skirt such issues. Russia has used barter trade beforeIt would not be Russia's first time using barter trade. Problems with barter tradeEven so, barter trade isn't widely practiced in modern society. Russian authorities are working on other ways to skirt Western payment sanctions.
Persons: , Alexandra Prokopenko Organizations: Service, Reuters, Business, Russia, Kommersant, United Arab, RIA Novosti, Carnegie Russia Eurasia Center Locations: Russia, China, Russian, Ukraine, United Arab Emirates, Turkey, Austria, Afghanistan, Iran, Pakistan, India
We found one long-slot toaster represented the best value and the best toasting performance: the Breville "A Bit More" Toaster. Breville 'A Bit More' Long Slot Toaster The Breville “A Bit More” Long Slot Toaster is a modern and thoughtfully designed, high-performance appliance with easy cleanup and user-friendly controls. Check price at Amazon Check price at Crate & Barrel Check price at Williams Sonoma What we like Check mark icon A check mark. AdvertisementCons to considerIf you're in the market for a top-quality slot toaster, it's hard to find any criticisms of the Breville "A Bit More" Toaster. Taylor Tobin/Business InsiderBetween its remarkably even toasting abilities, modern design, and helpful special features, the Breville "A Bit More" Toaster represents the absolute best of the slot toaster field.
Persons: who's, thoughtfully, you'll, Taylor Tobin, There's Organizations: Business, Amazon, Williams
BEIJING — Chinese electric car brand Zeekr announced new batteries on Tuesday, which it says boast the fastest charge in the world. Zeekr said that the new battery could achieve the same charge performance even in negative 10 degree Celsius (14 degrees Fahrenheit) weather in about 30 minutes. Comparatively, Elon Musk's Tesla says its supercharger allow the company's vehicles to charge up to 200 miles in 15 minutes. Chinese automaker Nio has also offered the alternative of a three-minute battery swap. The subscription service automatically changes out the battery of designated car models with a charged one at specific swap stations.
Persons: Zeekr, Elon Musk's Tesla, Nio Organizations: New York Stock Exchange, Technology Holding Locations: BEIJING, U.S
Long Covid continues to evade a clear diagnostic test, researchers reported in a study published Monday in the Annals of Internal Medicine. They found no differences between those with long Covid and those without the condition. Different symptoms were assigned different scores, and a long Covid diagnosis was met if the score reached a level of 12. There was no time cutoff for symptoms and a positive Covid test was not required for diagnosis. Dr. Nisha Viswanathan, the director of the long Covid clinic at UCLA Health, was not surprised with the results based on her experience working with long Covid patients for three years.
Persons: Long Covid, Kristine Erlandson, , we’ve, ” Erlandson, Marc Sala, ” Sala, , Nisha Viswanathan, ” Viswanathan Organizations: Internal Medicine, National Institute of Health’s, University of Colorado Anschutz Medical, Johns Hopkins University School of Medicine, Northwestern Medicine, UCLA Health, Yale School of Medicine
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In my final summer before graduation, I managed to land three internship offers — from a consulting company, a consumer goods company, and JPMorgan. When I got that phone call that I got the JPMorgan internship, it was so exciting and I felt really grateful. I wanted desperately to be in a place where I feel stimulated and I'm interested in the work I'm doing. The alternative was job hunting from scratch, not knowing what I would land and whether the offer would even come close to what JPMorgan was paying.
Persons: , Nick Rutherford Organizations: Service, of Pennsylvania, JPMorgan Private Bank, Unilever, Business, University of Pennsylvania's Wharton School of Business, JPMorgan, company's Locations: Seattle, Jersey
The "For the Birds" ad campaign for DirecTV emphasizes customers don't need a satellite dish anymore for service. Courtesy: DirecTVCoach Prime wants consumers to know they can watch DirecTV without a satellite dish. As pay TV distributors — both satellite and cable companies — have seen customers flee for streaming, DirecTV is trying to get the message out that a clunky satellite dish is no longer needed for its service. Satellite TV providers like DirecTV and EchoStar's Dish were once some of the biggest distributors of the TV bundle. Sticking with sportsThe "For the Birds" ad campaign for DirecTV emphasizes customers don't need a satellite dish anymore for service.
Persons: Deion Sanders, Steve Buscemi, Henry Winkler, Vince Torres, it's, Torres, Shedeur Sanders, , Winkler's Frank, Bobby, Buscemi, There's, Sanders, Tinker Bell, Cord, Pavlo Gonchar, Craig Moffett, what's, Moffett, DirecTV's Organizations: DirecTV, NFL, Colorado, Colorado Buffaloes, Nebraska Cornhuskers, Folsom, NBA, NHL, NCAA's Colorado Buffaloes, Lightrocket, Satellite, TPG, AT, Hulu, Sling, YouTube, Netflix, Comcast, Charter Communications Locations: Colorado, Boulder ,, New York City
Starting August 17, new rules will roll out that overhaul the way Realtors get paid to help people buy and sell their homes. This could pave the way for real estate companies with alternative business models, like flat-fee and discount brokerages, to thrive. Redy, which operates nationwide, is a marketplace that allows real estate agents to bid on home listings, meaning agents could pay homesellers for the opportunity to represent them, cutting into their own commissions. “This is part of this notion of shifting how real estate is always done,” Cofini said. “Consumers don’t know this is coming,” Flyhomes’ chief strategy officer, Adam Hopson, said of the NAR changes.
Persons: Leo Pareja, Kevin Sears, ” Sears, , Mary Schumann, ” Schumann, TD Cowen, Shelly Cofini, ” Cofini, Flyhomes, Adam Hopson, Will, Madison Mathias, Mathias, I’ve, “ I’m Organizations: CNN — Realtors, Realtors, National Association of Realtors, eXp Realty, NAR, , CNN Locations: theory­, Minnesota, Chapin , South Carolina
Instead, look at companies that sell tools for content creation that service a wider swath of users, Lambros told Business Insider. BI spoke to Lambros about the state of the creator economy and the firm's recent report on the industry. The creator economy needs to crack B2BCompanies should not rely on influencers to make it big. Publicly traded companies within the creator economy include Shopify, Eventbrite, Roblox, and Reddit. Private-equity firms, an increasingly common buyer in the startup space, still have some learning to do about the creator economy, he said.
Persons: , John Lambros, Houlihan Lokey, They're, Lambros, upstarts, it's, Permira, That's Organizations: Service, Business, Fortune, Avid, Networks, Publicly, YouTube Locations: Lambros
Even though Trump Media & Technology Group (DJT) is valued at $5 billion, the Truth Social owner revealed Friday evening it made just $837,000 in revenue last quarter. But Trump Media is hoping to turn things around by building a streaming business catering to conservatives. Trump Media wants ‘neglected’ contentLast week, Trump Media launched Truth+, a TV streaming platform available on Android, iOS and the Web versions of Truth Social. Trump Media said it will have the right to secure the source code in the future for the streaming technology. Trump not only serves as the chairman of Trump Media, he is the dominant shareholder, with 114.75 million shares.
Persons: Donald Trump’s, Trump, Kamala Harris, , , , Devin Nunes, ” Nunes Organizations: New, New York CNN, Trump Media & Technology, Trump Media, Trump, White House, Fox News, ” Trump Media, Big Tech, Amazon, Netflix, Republican, ” Trump Locations: New York, Silicon Valley
These women talk openly about being rich and wanting to help other women become rich too. She also launched a platform called Treasury, which says it has helped women invest over $80 million in the stock market. "I couldn't really find anyone who was teaching money the way that I wanted to learn it," Sacks said. And it's probably getting really smart about how you save money, taking the money that you are saving and investing it and building wealth." Young women, on the other hand, are turning to more tried-and-true tactics.
Persons: Dave Ramsey, Tori Dunlap, It's, Dunlap, Dow Jones, Simran Kaur, Rachel Rodgers, Z, Kaur, Zers, Haley Sacks, Sacks, Cartier, Kylie Jenner, Suze Orman, it's, they're, Rita Soledad Fernández Paulino, Leah Sheppard, Gen Zers, , Rita Soledad Fernández Paulino Sacks, Kyla Scanlon, Scanlon, aren't, Fernández Paulino, weren't Organizations: Economic, Institute, Washington State, Carson College of Business, GameStop, Fidelity Investments, Federal Reserve's Survey, Consumer Finances Locations: Tacoma , Washington, Dunlap, Instagram, Zealand, York, California
CNN —Donald Trump’s campaign, which has whiffed in its early attacks on Kamala Harris’ new presidential campaign, will grapple this week for a more effective foothold after the vice president transformed an election of stunning surprises. On Sunday, for instance, he spread a new false conspiracy theory over the size of Harris’ rally crowd in Michigan last week. Trump’s campaign was also forced on Saturday to deny a report in The New York Times that he’d privately referred to Harris as a “b*tch” as he bemoaned her momentum. Therefore, a debate expected between Trump and Harris on ABC on September 10 looms as a pivotal new moment in the campaign. But as Trump has shown in recent days, he still hasn’t worked out a way to respond to the suddenly changed circumstances of the campaign.
Persons: Donald Trump’s, Kamala Harris ’, Harris, he’d, bullish, Tim Walz, Joe Biden, , Biden, Trump, Biden administration’s, , Harris ’, Elon Musk, Walz, , “ It’s, ” Trump, Sen, JD Vance, Vance, CNN’s Dana, ” Vance, Kamala Harris, Vance wriggled, Trump’s, Nick Fuentes, Usha, Fuentes, Donald Trump …, “ misspoke, there’s, she’s, hasn’t Organizations: CNN, The New York Times, Republican, bullish Republicans, Minnesota Gov, Trump, New York Times, Siena College, Democratic, San, Ohio Republican, GOP, Army National Guard, Congress, Union, CBS, Court, White, Minnesota, ABC, Fox Locations: Michigan, Montana, The, Siena, Wisconsin , Michigan, Pennsylvania, Chicago, North Carolina, San Francisco, Ohio, Iraq, “ State, , America, Russia, China
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