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☆ Stagwell's Mark Penn says companies should use AI to connect holistically with consumers
▼ + stars: | 2024-01-11 | by ( Julia Hood | ) www.businessinsider.com time to read: +6 min

BI spoke to Stagwell CEO, Mark Penn, in December about the potential of AI, its applications at Stagwell, and why b-to-c companies need to focus use AI to connect with customers. Unlike the metaverse or some other trends, the power of AI, what it can do, and what companies need to do to harness it is real. If you look at advertising itself and what it takes to really generate tier-one [premium] content, I always say AI is having an entire group of C students. Say you're an office supply company. I don't think companies put as much time into that.

Persons: —, Mark Penn, PRophet, there's, you'll Organizations: Service, CES, Locaria, Stagwell, Business, Google

☆ From transparent TVs to ChatGPT-powered pet companions, here’s some of the buzziest tech of CES 2024
▼ + stars: | 2024-01-11 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +10 min

Here’s a look at some of the buzziest products announced this week:Loona companion robot is the world's first consumer robot equipped with ChatGPT AI technology. From Beijing KEYi Technology Co. Ltd.AI companionsAI companions are one of the biggest trends to emerge from the show this year. Samsung’s buzzy Ballie robot, which was first shown off at CES in 2020, received a refresh. BaracodaAI task robotsBeyond companions, AI has made its way into nearly every appliance and gadget you could think of this year. LG was one of the first leaders in transparent TVs; one of its earlier prototypes impressed the show floor back in 2020.

Persons: it’s, Loona, Rosie, Samsung’s, Dipanjan Chatterjee, ”, Volkwagen, Mercedes Benz, Chatterjee, ” Honda, VinFast, “ There’s, Jon Erensen, EssilorLuxottica, Francesco Milleri, Evie, Steve Jobs, Cook, Christoph Dernbach, “, Jitesh Ubrani, ” Ubrani, CNN’s Peter Valdes, Dapena Organizations: CNN — Tech, Consumer Electronics, Beijing KEYi Technology, ., LG, CES, Forrester Research, Walmart, Nvidia, AMD, Honda, VinFast, Fiat, Samsung, Gartner, Media, Apple Vision, Steve, Apple, IDC, Sony, Qualcomm Locations: Las Vegas, Beijing, USA, Cupertino, Cupertino ., Apple's, United States

☆ Walmart is betting big on new technology. But can it deliver where others haven’t?
▼ + stars: | 2024-01-10 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +7 min

New York CNN —Walmart is joining the AI, drone and tech race. The superstore announced that it is offering drone delivery for up to 75% of the Dallas area’s population, or about 1.8 million homes. But drone delivery as a concept isn’t new, and Walmart’s timeline to take off in Dallas is remarkably short. Normally, customers who need to shop for a Super Bowl party search for items on the Walmart app individually, the company said. Walmart also announced advancements in its InHome service, which it debuted in 2019 to deliver groceries straight into customer’s refrigerators.

Persons: Doug McMillon, Satya Nadella, it’s, ” McMillon, John Locher, Jeff Bezos, Prathibha Rajashekhar, It’s, Walmart’s InHome Organizations: New, New York CNN, Walmart, Consumer, Sam’s Club, CES, Sam’s, Fort, Dallas, Amazon, UPS, Volkswagen, Federal Aviation Administration, CNBC, FAA, Amazon’s, Air, Technology, Microsoft, Apple, Super, Business Locations: New York, Las Vegas, Dallas, Fort Worth Area, Italy

☆ Walmart wants to use AI to restock your fridge automatically
▼ + stars: | 2024-01-10 | by ( Alex Bitter | ) www.businessinsider.com time to read: +2 min

Walmart is starting to use AI to figure out how often you order groceries and order them for delivery. The service will soon be part of Walmart's InHome delivery, according to its presentation at CES. Walmart customers can set up deliveries of essentials at regular intervals, a service the big box chain started offering last year. The company started offering InHome delivery in 2019. Spark's gig delivery workers aren't allowed to enter customers' homes, a point of confusion for Walmart customers who think Spark contractors make InHome deliveries.

Persons: —, Whitney Pegden, Walmart InHome, Pegden Organizations: Walmart, Service, Consumer Locations: Las Vegas

☆ Honda teases new EVs with futuristic 'Space-Hub' and 'Saloon' concept cars
▼ + stars: | 2024-01-09 | by ( Michael Wayland | ) www.cnbc.com time to read: +3 min

The concept models are called the "Space-Hub" and "Saloon," which the first production "Honda 0 Series" EV will be based on, according to the Japanese automaker. Honda plans to introduce the first model of the Honda 0 Series based on the Saloon concept in North America, followed by model introductions in Japan, Asia, Europe, Africa and the Middle East, and South America. Honda Space-Hub concept electric vehicle Courtesy HondaThe Saloon is a sleek, futuristic-looking vehicle that seems fit for "Tron" movies, with a large open-mouthed front-end light in neon lighting with a redesigned Honda "H" in the center. Inside, the Saloon features a minimalistic digital cockpit with a yoke steering wheel, which is similar to concept cars from other companies that have debuted at CES. Honda Saloon concept electric vehicle Courtesy HondaBoth concepts appear to be designed to feature autonomous driving capabilities: the steering yoke is able to retract into the dashboard of each.

Persons: Toshihiro Mibe, Honda Organizations: Honda, CES Locations: North America, Japan, Asia, Europe, Africa, South America

☆ Why Netflix, Disney, and other Hollywood companies are flocking to CES this year
▼ + stars: | 2024-01-08 | by ( Lucia Moses | ) www.businessinsider.com time to read: +5 min

Advertising and marketing pros made up 7% of CES' attendees in 2023, per CES. Look for topics like the creator economy and the rise of artificial intelligence to dominate the conversation for advertisers, Kassan added. And Roku, which is closing in on its search for a new ad sales head, is sending a large contingent. The cost advertisers pay for streaming ads is expected to decline as platforms release more inventory, particularly with Amazon unleashing ads on Prime Video. Advertisers also have more options with the fast-growing FASTs (free, ad-supported streaming TV channels), which primarily offer older TV shows and movies.

Persons: David Benioff, Weiss, Alexander Woo, Amy Reinhard, execs, It's, who'll, Patrick Pannett, Michael Kassan, Evan Spiegel, Kassan, — that's, Rita Ferro, NBCUniversal's Mark Marshall, NBCU's Peacock, NBCUniversal, Peacock, NBCU, Tanner Elton, Amy McDevitt, Ludacris, Jon Steinlauf, GroupM Organizations: Netflix, CES, Business, Consumer Technology Association, Madison Avenue, Walmart, Disney, Nexstar Media Group, Nvidia, Paramount, CTA, Tech, NBC, Bravo, Amazon Ads, Warner Bros, Magna, CTV, Hulu, Intelligence, Prime Video Locations: Las Vegas, Peacock

☆ Why we see a way forward for Nvidia in China — plus our take on 2 other stocks in the news
▼ + stars: | 2023-12-13 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +8 min

Meanwhile, Jim Cramer's interview with an influential member of President Joe Biden's cabinet proved encouraging for Club holding Nvidia . It's been a two-session roller-coaster ride that illustrates the importance of staying disciplined and not chasing stocks while they're surging for non-fundamental reasons. Traders were trying to front-run the official announcement, pushing Linde stock up 4.53% Tuesday, to an all-time high of $426.72 per share. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Nvidia CEO Jen-Hsun Huang at the Consumer Elctronics Show (CES) in Las Vegas, USA, 04 January 2017.

Persons: Linde, Jim Cramer's, Joe Biden's, It's, Pfizer's, drugmaker Seagen, there's, Gina Raimondo, Jim, Biden, Raimondo, " Raimondo, Cigna, Humana's, —, Humana, Aetna's, Jim Cramer, Jen, Hsun Huang, Huang, Andrej Sokolow Organizations: Club, Nvidia, LIN, Linde, Nasdaq, Traders, . Commerce, U.S, Bank of America, Wall Street Journal, Humana, CNBC, Consumer, Audi, Getty Locations: China, U.S, Wall, Las Vegas, USA

☆ US lawmakers seek probe of Chinese drone maker Autel Robotics
▼ + stars: | 2023-11-30 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

An Autel Robotics Dragonfish Pro drone, with an 18-mile range, is displayed during CES 2022 at the Las Vegas Convention Center in Las Vegas, Nevada, U.S. January 5, 2022. REUTERS/Steve Marcus/File Photo Acquire Licensing RightsWASHINGTON, Nov 30 (Reuters) - A bipartisan group of 11 U.S. House lawmakers on Thursday asked the Biden administration to investigate and potentially sanction Chinese drone maker Autel Robotics, citing national security concerns. The Pentagon said it would respond to the lawmakers' letter. Another signer of the letter, Republican Representative Elise Stefanik, said, "Autel drones made in Communist China present an unacceptable national security risk and should not be allowed to operate in America." Over 50% of drones sold in the United States are made by DJI, and they are the most popular drones in use by public safety agencies, Republican lawmakers said earlier this year.

Persons: Steve Marcus, Biden, Mike Gallagher, Raja Krishnamoorthi, Autel, Elise Stefanik, Gallagher, Krishnamoorthi, David Shepardson, Chris Reese, Mark Porter Organizations: Las Vegas Convention, REUTERS, Rights, House, Republican, Commerce , Defense, Treasury, Autel Robotics, Technology, Robotics, China's People’s Liberation Army, PLA, Pentagon, Commerce, Commerce Department, U.S . Interior Department, Thomson Locations: Las Vegas , Nevada, U.S, House China, Communist China, America, China, Xinjiang, Ukraine, The U.S, United States

☆ Amazon.com to cut 'several hundred' Alexa jobs
▼ + stars: | 2023-11-17 | by ( Greg Bensinger | Thomson Reuters | Greg Bensinger Joined Reuters As A Technology Correspondent In Focusing On The World'S Largest Technology Companies. He Was Previously A Member Of The New York Times Editorial Board | ) www.reuters.com time to read: +4 min

REUTERS/Steve Marcus/File Photo Acquire Licensing RightsNov 17 (Reuters) - Amazon.com (AMZN.O) on Friday announced it is trimming jobs at its Alexa voice assistant unit, citing shifting business priorities and a greater focus on generative artificial intelligence. Many companies are shifting resources to generative AI, which can create software code and lengthy text responses from short prompts. Alexa is a voice assistant that can be used to set timers, ask search queries, play music, or as a home automation hub. In particular, people familiar with the matter pointed to the Alexa voice assistant, now nearly a decade old, as having failed to keep pace in the age of generative artificial intelligence. The Seattle-based online retailer's voice assistant products compete with offerings from Alphabet (GOOGL.O) and Apple (AAPL.O).

Persons: Steve Marcus, Daniel Rausch, Panos Panay, David Limp, Jeff Bezos, Rausch, Greg Bensinger, Kenneth Li, Chizu Nomiyama, Jonathan Oatis Organizations: REUTERS, Alexa, Fire, Reuters, Devices, Microsoft, Amazon, Origin, Echo, Amazon.com, Apple, Thomson Locations: Las Vegas , Nevada, U.S, Panay, Seattle, San Francisco

☆ China's JD.com posts higher Q3 profit as supply snarls ease
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +2 min

A sign of China's e-commerce company JD.com is seen at CES (Consumer Electronics Show) Asia 2016 in Shanghai, China, May 12, 2016. REUTERS/Aly Song/File Photo Acquire Licensing RightsNov 15 (Reuters) - Chinese e-commerce firm JD.com reported quarterly revenue below estimates on Wednesday, but posted a surge in profit as supply chain problems eased. JD.com has fewer popular livestreamers than its competitors, such as Austin Li, who exclusively streams on Alibaba Group's (9988.HK) platform. The company reported net revenue of 247.7 billion yuan ($34.19 billion) for the third quarter, missing analysts' average estimate of 249.26 billion yuan according to LSEG data. But it posted net income attributable to shareholders of 7.94 billion yuan, up 33% from 5.96 billion yuan a year earlier.

Persons: Aly, JD.com, Xu Ran, Austin Li, Alibaba's Tmall, Arsheeya Bajwa, Akash Sriram, Sophie Yu, Varun, Kim Coghill Organizations: CES, REUTERS, JD Retail, HK, Citi, Daiwa, Jefferies, PDD Holdings, Thomson Locations: Asia, Shanghai, China, Bengaluru, Beijing

☆ Fisker shares sink 20% after EV maker discloses 'material weaknesses' in financial reporting
▼ + stars: | 2023-11-14 | by ( John Rosevear | In Jrosevear | ) www.cnbc.com time to read: +1 min

Fisker Inc. officially revealed the Fisker Ocean all-electric luxury crossover at CES 2020 in Las Vegas. Shares of electric vehicle startup Fisker sank in morning trading Tuesday after a disappointing earnings report and a regulatory filing that raised concerns about the company's previous financial statements. The company's shares were down more than 20% from their previous close of $4.11 apiece. Fisker reported its third-quarter results on Monday afternoon, and they weren't what Wall Street had hoped to see. In a Monday night regulatory filing after its earnings report, Fisker said that following the abrupt departure of its chief accounting officer in October, it "determined that it has material weaknesses in the Company's internal control over financial reporting."

Persons: Fisker Organizations: Fisker Inc Locations: Las Vegas

☆ Taylor Swift's postponed Argentina show prompts airline to waive flight-change fees
▼ + stars: | 2023-11-11 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

Like hurricanes, blizzards or wildfires, Taylor Swift is now prompting an airline to waive ticket-change fees. The Chie-based carrier said it is waiving both ticket-change fees and differences in fare if travelers can fly anytime until Nov. 17 after Swift's show at Argentina's largest stadium was postponed. Some customers complained to LATAM on social media, however, that they were having trouble finding seats and that the carrier told them about the waiver too late. The airline didn't immediately comment on whether it is adding additional flights. While it might be a new era for airline waivers, The Eras Tour has impacted other industries like hotels.

Persons: Taylor Swift, popstar Organizations: LATAM Airlines, Airlines, CES, CNBC Locations: Chile, South America, Buenos Aires, Argentina's

☆ Hyundai Motor Group air taxi unit plans US manufacturing facility
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +1 min

SEOUL, Nov 8 (Reuters) - Hyundai Motor Group's air taxi unit Supernal plans to build a manufacturing facility in the United States to make flying electric taxis for commuters, the South Korean auto group said on Wednesday. Electric air taxi-makers worldwide have pitched themselves as clean alternatives to decongest cities, attracting investment from airline heavyweights such as Delta Air Lines Inc (DAL.N) though they are still a long way away from commercial operations. Shin said the eVTOL taxi would be capable of flying at 120 mph (193 kph) and have capacity for a pilot and four passengers, targeting December 2024 for a test flight. Hyundai Motor, Kia Corp (000270.KS) and Hyundai Mobis (012330.KS), have together invested 1.2 trillion won ($915.70 million) in Washington-based Supernal since its establishment in 2021, according to regulatory filings. Last month, Hyundai Motor Group signed an agreement with Korean Air Lines (003490.KS) to work together to accelerate the design of electric eVTOL vehicles and air mobility ecosystem in South Korea.

Persons: Shin Jaiwon, Shin, 1,310.4700, Heekyong Yang, Robert Birsel Organizations: Hyundai, South Korean, Supernal, Bloomberg, Electric, Delta Air Lines Inc, Kia Corp, Hyundai Motor Group, Korean Air Lines, Thomson Locations: SEOUL, United States, Las Vegas, Washington, South Korea

Selling more hybrid and electric trucks and improving the fuel efficiency of Ram combustion models is critical to Chrysler parent Stellantis. A Hemi V-8 will still be offered in Ram heavy-duty trucks. The company has not disclosed future production plans for light-duty Ram Classic trucks, which are based on previous generation Ram designs. Stellantis has previously said it will sell an all-electric Ram pickup called the Ram Rev starting in late 2024. The all-electric Ram REV has a 168 kWh battery pack in the base model that costs thousands more.

Persons: Steve Marcus, Ram, Ford, Stellantis, Tim Kuniskis, Joe White, Matthew Lewis Organizations: REUTERS, Rights DETROIT, American, Chrysler, Detroit, Silverado, General Motors, GM, Ford, GMC, Thomson Locations: Las Vegas , Nevada, U.S, Detroit, Sierras

☆ Chipmaker NXP forecasts profit above estimates on resilient auto, industrial
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Steve Marcus/File Photo Acquire Licensing RightsNov 6 (Reuters) - Chipmaker NXP Semiconductors (NXPI.O) forecast fourth-quarter profit above Wall Street targets on Monday, expecting a resilient automotive market and stable industrial demand to offset weakness in other key markets. NXP in September said automotive demand was "pretty good" across all its markets, including China, which contributes about 30% to the chipmaker's total revenue. However, NXP CEO Kurt Sievers said the company's communication infrastructure business performed "slightly below expectations" in the third quarter. The company forecast adjusted current quarter revenue in the range of $3.30 billion and $3.50 billion, compared to analysts' estimate of $3.43 billion, per LSEG data. Revenue in the third quarter was $3.43 billion, compared with estimates of $3.40 billion.

Persons: Steve Marcus, Kurt Sievers, NXP, Chavi Mehta, Krishna Chandra Organizations: Semiconductors, Electronics, Las Vegas Convention, REUTERS, Wall, NXP, Apple, Revenue, Nasdaq, Thomson Locations: Las Vegas , Nevada, U.S, China, Eindhoven, Netherlands, Bengaluru

☆ Paramount Global stock up double digits for second straight day
▼ + stars: | 2023-11-03 | by ( Laya Neelakandan | ) www.cnbc.com time to read: +1 min

Tom Ryan, CEO and President of Paramount Streaming, speaks during the LG press conference ahead of the Consumer Electronics Show (CES) in Las Vegas, Nevada, on January 4, 2023. Paramount stock jumped about 11% Friday, a day after posting another double-digit gain, on pace for its best day since last November. The media giant released its third quarter earnings report after the closing bell Thursday, posting higher profit and revenue from a year earlier. Bernstein Research analysts noted that the trends in the third quarter were strong, and if the company keeps them up, Paramount can expect more earnings growth. Moffett Nathanson Research analysts echoed that sentiment while remaining cautiously optimistic.

Persons: Tom Ryan, Moffett Nathanson Organizations: Paramount, LG, Consumer Electronics, Wall Street, Bernstein Research, Moffett Nathanson Research Locations: Las Vegas , Nevada

REUTERS/Steve Marcus/ File Photo Acquire Licensing RightsOct 31 (Reuters) - Caterpillar (CAT.N) reported a double-digit rise in third-quarter profit on Tuesday, beating Wall Street estimates as strong infrastructure investments across key markets boosted demand for its high-end construction equipment in North America. The world's largest construction equipment maker's order backlog fell $2.6 billion quarter over quarter. Construction equipment demand had been resilient as the United States upgrades its roads, railways and other transportation infrastructure under a $1 trillion package approved by Congress in 2021 under the Biden administration. Machinery, Energy and Transportation equipment profit rose 48% from the year prior. Its profit rose to $2.79 billion, or $5.45 per share, outpacing an analysts' forecast of $4.79.

Persons: Steve Marcus, Kristen Owen, Matt Britzman, Hargreaves Lansdown, Biden, outpacing, Bianca Flowers, Devika Syamnath, Louise Heavens, Mark Porter Organizations: Caterpillar, REUTERS, Wall, Oppenheimer, Co Inc, Congress, Machinery, Energy, Thomson Locations: Las Vegas , Nevada, U.S, North America, Texas, United States, Chicago, Bengaluru

☆ AMD gives soft fourth-quarter guidance, but expects to sell $2 billion of AI chips next year
▼ + stars: | 2023-10-31 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

AMD Chair and CEO Lisa Su speaks at the AMD Keynote address during the Consumer Electronics Show (CES) on January 4, 2023 in Las Vegas, Nevada. AMD reported third-quarter earnings on Tuesday that beat analyst expectations, though the chipmaker issued a weaker-than-expected forecast. AMD said its forthcoming AI chips, the MI300A and MI300X, are "on track" for volume production in the current quarter. Data center, which includes AMD's server processors and AI chips called GPUs, reported $1.6 billion in sales, flat from a year earlier. On the call, Su also mentioned recent AI acquisitions and improvements in the company's AI software suite.

Persons: Lisa Su, Su, Matt Bryson Organizations: AMD, Consumer Electronics, Nvidia, Revenue, Intel Locations: Las Vegas , Nevada

MILAN (AP) —Automaker Stellantis said Tuesday that the autoworkers strike in North America is expected to cost the company around 750 million euros ($795 million) in profits —less than its North American competitors. The Europe-based maker of Jeep, Fiat and Peugeot reported a 7% boost in net revenues to 45.1 billion euros, with production halts caused by the strikes costing the company 3 billion euros in sales through October. GM, the last carmaker to reach a deal to end the strike, reported an $800 million strike hit. North America continued to be the revenue leader, contributing 21.5 billion euros, an increase of 2% over last year, and representing nearly half of global revenues. Europe, the next biggest performing region, saw revenues grow 5% to 14 billion euros, as sales rose 11%.

Persons: Stellantis, Natalie Knight, Ford, Knight Organizations: MILAN, Fiat, Peugeot, GM, CES, LA, Saturday, United Auto Workers Union, Jeep, North Locations: North America, Europe, Asia, U.S, Las Vegas, Michigan, Ohio

☆ Panasonic cuts battery unit's profit outlook, warns on high-end EV sales
▼ + stars: | 2023-10-30 | by ( ) www.reuters.com time to read: +2 min

Panasonic lowered its full-year operating profit forecast for the energy unit that makes batteries for Tesla (TSLA.O) and other automakers to 115 billion yen ($769 million) from 135 billion yen. The battery unit's production in Japan suffered from slowing uptake for high-end EVs in North America, Panasonic said in the presentation material, as the U.S. Inflation Reduction Act spurred demand changes among consumers. Panasonic added its production at its North American operations remained steady, and it saw firm sales of vehicles eligible for tax credits. South Korean battery firm LG Energy Solution (373220.KS) last week warned of slowing revenue growth in 2024 due to global economic uncertainties affecting the outlook for EV sales. General Motors (GM.N) is also slowing the launch of several EV models to cut their costs, and pulling back on EV product spending.

Persons: Steve Marcus, Tesla, Elon Musk, Daniel Leussink, Kim Coghill, Miral Organizations: Panasonic, REUTERS, Rights, Panasonic Holdings, Korean, LG Energy, EV, General Motors, Thomson Locations: Las Vegas , Nevada, U.S, Japan, China, Europe, North America, KS

☆ Qualcomm's getting in on the AI craze with new chips for phones and PCs
▼ + stars: | 2023-10-24 | by ( Kif Leswing | ) www.cnbc.com time to read: +4 min

The new silicon includes Qualcomm's X Elite chip for PCs and laptops and the Snapdragon Series 8 Gen 3 for high-end Android phones. The speed at which a smartphone chip processes AI models could represent a new feature battleground between high-end Android phones from companies such as Asus, Sony and OnePlus versus Apple's iPhones, which are also getting new AI features on an annual basis. Now, Qualcomm said, its smartphone chip can handle the bigger AI models used in generative AI — as many as 10 billion parameters. That's still less than some of the biggest AI models, such as OpenAI's GPT3, which has about 175 billion parameters. Qualcomm executives said these kinds of AI models can run on devices if the chips are fast enough and equipped with enough memory.

Persons: Cristiano Amon, Steve Marcus, ChatGPT, Apple's, Alex Katouzian, Qualcomm's, Katouzian Organizations: Qualcomm, Asus, Sony, Microsoft, Snapdragon, OnePlus, Elite Locations: Las Vegas , Nevada, U.S

DETROIT (AP) — United Auto Workers union President Shawn Fain is expected to update members Friday afternoon on progress in contract talks with Detroit's three automakers as movement was reported with General Motors. The union's strikes at targeted plants at each company began on Sept. 15 and are nearing the start of their sixth week. A person briefed on the talks says the union is exchanging offers with GM and will meet again Friday with the company. The strikes started with one assembly plant from each company after contracts expired at 11:59 p.m. Sept. 14. The union later added the parts warehouses, then one assembly plant each from Ford and GM.

Persons: Shawn Fain, Fain, they’re, Gerald Johnson, ” Johnson, Ford, Stellantis Organizations: DETROIT, United Auto Workers, General Motors, GM, UAW, Ford, Equipment Market Association, Los Angeles Auto Show, CES Locations: America, Louisville , Kentucky, Kentucky

☆ The company powering the AI revolution is quite happy to let staff keep WFH
▼ + stars: | 2023-10-15 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

It's not adopted the strict return-to-office mandates enforced by some Silicon Valley firms. But Nvidia, whose chips are powering the AI revolution, is not enforcing strict return-to-office mandates. Nvidia CEO Jensen Huang speaks during a press conference at The MGM during CES 2018 in Las Vegas on January 7, 2018. Mandel Ngan/AFP/Getty ImagesYet the companies snapping up Nvidia's chips don't all agree. But Nvidia's astounding growth undermines the claims made by some Silicon Valley bigwigs.

Persons: Bard, It's, Jensen Huang, —, Beau Davidson, Davidson, Mandel Ngan, Mark Zuckerberg, Sam Altman, OpenAI, they're Organizations: Nvidia, Service, Venture, Commerical Observer, MGM, Getty, Meta, Reuters, CNET Locations: Silicon, Las Vegas, AFP, China, Hong Kong, Santa Clara

☆ Bank of America: These 6 global AI stocks are 'hidden gems' with great potential
▼ + stars: | 2023-10-11 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Bank of America has identified five global stocks it says are set to benefit as the use cases of artificial intelligence applications grow significantly. In an Oct. 3 note titled "End-device AI: Great potential with hidden gems awaits," the bank said customized and private AI services could soon be brought directly to users' end devices, revolutionizing smartphones, tablets, cars and more. The report named semiconductor leaders like Qualcomm , MediaTek , Nordic Semiconductor, SK Hynix and Renesas as key potential beneficiaries. Qualcomm Price target: $145 (31% upside) Bank of America said automakers are expected to use advanced end-device AI capabilities from Qualcomm's Ride platform for in-car services. MediaTek Price target: 1,100 New Taiwan dollars (40% upside) Bank of America expects the firm to add generative AI functions to its next flagship smartphone chips.

Persons: Brad Lin, MediaTek Organizations: of America, Bank of America, CES, MWC, Qualcomm, MediaTek, Nordic Semiconductor, SK Hynix, Meta, SK Hynix Price Locations: Taiwan

☆ As Covid-testing business drops, Abbott searches for new line of business with consumer wearables
▼ + stars: | 2023-10-10 | by ( Ashley Capoot | ) www.cnbc.com time to read: +3 min

Abbott Laboratories CEO Robert Ford took the stage at the HLTH conference in Las Vegas on Tuesday to discuss the company's expansion into a new market: consumer wearables. For instance, Abbott produces a continuous glucose monitor (CGM) called FreeStyle Libre that patients can use to manage their diabetes. Abbott's most recent model, the FreeStyle Libre 3, can measure glucose levels in real time for up to 14 days. FreeStyle Libre alone generated more than $1.3 billion in sales for Abbott during its second quarter, according to the company's earnings report. "We always believed that we could take this platform that we developed for diabetes and expand it beyond diabetes," Ford said.

Persons: Robert B, Ford, Robert Ford, Abbott, Covid, Margaret Kaczor Andrew, William Blair, CNBC's Erin Black, Lingo Organizations: Abbott, Libre, wearables Locations: Vegas, Las Vegas , Nevada, Las Vegas, U.S

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