DIRS.INFO The most relevant business & tech news

☆ Chime: 2024 CNBC Disruptor 50
▼ + stars: | 2024-05-14 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +1 min

Chime, the largest digital-only financial provider in the U.S., has capitalized on distrust of traditional banks and their slowness to digitize. Founded in 2012 in the wake of the financial crisis, Chime calls itself a fintech company, not a bank. "The trust levels that mainstream Americans have in banks is extremely low, and that was part of the opportunity that we pursued," Chris Britt, CEO of Chime, told CNBC. 1 position in the U.S. Now it's out to continue disrupting traditional banking giants Chase, Bank of America and Wells Fargo. Like other fintechs, Chime faces an uncertain public offering market outlook.

Persons: Chris Britt, Britt Organizations: CNBC, Chase, Bank of America Locations: U.S, Wells Fargo

☆ Tiny backpacks reveal newfound species of the world’s largest hummingbird
▼ + stars: | 2024-05-14 | by ( Ashley Strickland | ) edition.cnn.com time to read: +9 min

Now, new research has revealed that there are two distinct species of giant hummingbird in South America — the northern giant hummingbird that lives year-round in the Andes, and the migratory southern giant hummingbird — and they have been evolving separately for millions of years. A southern giant hummingbird is seen flying from its breeding grounds in central Chile. “We wanted to finally solve this mystery.”Designing backpacks for hummingbirdsGiant hummingbirds differ from hundreds of other hummingbird species in many other ways. A southern giant hummingbird is fitted with a tiny backpack-like geolocator tracking device in central Chile. “The two forms of giant hummingbird look almost identical — for centuries, ornithologists and birders never noticed that they were different.

Persons: Charles Darwin, Darwin, Chris Witt, ”, Jessie Williamson, “, ” Williamson, Emil Bautista, Williamson, Christopher Witt, birders, ” Witt, chaskis, “ I’m Organizations: CNN, HMS, National Academy of Sciences, National Science Foundation, Cornell, of Ornithology, Swifts, Centro, Biology, Museum of Southwestern, University of New Locations: New York City, Buenos Aires, South America, Chile, Ithaca , New York, Peru, Biodiversidad, Lima, Peruvian, Chilean, University of New Mexico, Inca

☆ Wholesale prices rose 0.5% in April, more than expected
▼ + stars: | 2024-05-14 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

Wholesale prices jumped more than expected in April, putting up another potential roadblock to interest rate cuts anytime soon. Stripping out volatile food and energy prices, core PPI also increased 0.5% compared to the 0.2% Dow Jones estimate. On a year-over-year basis, wholesale inflation rose 2.2%, also the highest in a year. Core PPI inflation was at 2.4%, the biggest annual move since August 2023. Services prices boosted the wholesale inflation reading, rising 0.6% and accounting for about three-quarters of the headline gain, while the final demand goods index increased 0.4%.

Persons: Dow Jones, Chris Larkin, Morgan Stanley Organizations: Labor Department's Bureau of Labor Statistics, PPI, Reuters . Stock, BLS, Federal Reserve, Commerce, York

☆ Susquehanna's Chris Murphy on trading meme stocks: Remain very short term to avoid volatility
▼ + stars: | 2024-05-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSusquehanna's Chris Murphy on trading meme stocks: Remain very short term to avoid volatilityChris Murphy, co-head of derivatives strategy at Susquehanna International Group, joins CNBC's 'The Exchange' to discuss the recent spike in "meme stocks," other increasing-volatility stocks to watch, and more.

Persons: Chris Murphy Organizations: Susquehanna International Group

☆ Stock market today: Indexes edge up as traders digest wholesale inflation data
▼ + stars: | 2024-05-14 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Major indexes were slightly higher after the data as investors assessed the impact on rate cut outlooks. April's producer price index data beat estimates, gaining 0.5% for the month against 0.3% consensus estimates. The PPI data comes a day before Wednesday's consumer price index and will give investors a broader frame of reference. If CPI data is equally hot, the stuttering stock rally could face even more negative consequences. The 10-year Treasury briefly topped 4.5% after the PPI data before slipping by about one basis point to 4.465.

Persons: Jerome Powell, —, Chris Zaccarelli, Keith Gill Organizations: Service, PPI, Independent, Federal, GameStop, AMC, Treasury, Here's

☆ Live updates: Israel-Hamas war, Rafah invasion looms, new Gaza aid crossing opens
▼ + stars: | 2024-05-13 | by ( Chris Lau | ) edition.cnn.com time to read: 1 min

Palestinians leave the Jabalya Refugee Camp with their belongings in Gaza, on May 12. Dawoud Abo Alkas/Anadolu/Getty ImagesIsrael is battling Hamas across Gaza, including in the Jabalya refugee camp in the north. Israel, which previously said it controlled Jabalya, said it is trying to stop Hamas regrouping there. Video captured heavy gunfire, Israeli tanks and the sound of drones in the area on Sunday. The Israeli military said it was continuing "precise operations" in eastern Rafah and near the Rafah crossing, ahead of a planned full-scale invasion.

Persons: Dawoud Abo Organizations: Dawoud Abo Alkas, Getty, Israel, Gaza's Health Ministry Locations: Gaza, Anadolu, Israel, Rafah

☆ The $5 McDonald's meal may be making a grand comeback — but only for a month
▼ + stars: | 2024-05-13 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

McDonald's reportedly plans to launch a limited-time $5 meal. AdvertisementMcDonald's is looking to launch a $5 meal in the US in a move to bring back price-sensitive customers. CEO Chris Kempczinski said McDonald's has local value meals around the US, but no standard national offering like competitors do. A meal consisting of the same four items — a McChicken, fries, a drink, and four-piece chicken nuggets — costs $18.26 in downtown New York City. AdvertisementThe new bundle would be priced lower than a Happy Meal, which starts at $6.39 in downtown Manhattan.

Persons: McDonald's, —, Ian Borden, they're, Chris Kempczinski, Gunther Plosch Organizations: Service, Bloomberg, Restaurant Business, Customers, downtown, Burger King, Restaurant Brands Locations: New York City, downtown San Francisco, Manhattan

☆ Australia and US unveil undersea drones Ghost Shark and Manta Ray
▼ + stars: | 2024-05-13 | by ( Brad Lendon | ) edition.cnn.com time to read: +7 min

Seoul, South Korea CNN —Ghost Shark and Manta Ray protect the undersea realm. Ghost Shark and Manta Ray are the names of prototype uncrewed underwater vehicles – UUVs or drones – introduced recently by Australia and the United States respectively. But when Australia unveiled Ghost Shark last month, it called the prototypes “the most advanced undersea autonomous vehicles in the world.”The first Ghost Shark prototype, "Alpha," was co-developed by the Defence Science and Technology Group, Navy and Anduril Australia. Like the Orca, the Manta Ray hasn’t come together as quickly as Ghost Shark. Its program began in 2020 and DARPA didn’t give a goal for the Manta Ray – or some variant of it – to join the US fleet.

Persons: Ray, Manta Ray, Rodney Braithwaite, ” Shane Arnott, Anduril’s, ”, Tanya Monro, Emma Salisbury, “, ” Salisbury, Chris Brose, Northrop, Manta, Northrop Grumman, ” Kyle Woerner, Kyle Woerner, Manta Ray hasn’t, Manta Ray –, –, Salisbury, Sutton Organizations: South Korea CNN, Marvel, Defence Science, Technology Group, Navy, Anduril, Government Defence, Australian Defense Ministry, “, US Navy, Boeing, Pentagon, Advanced Research Products Agency, DARPA, Research Projects Agency, Northrop Grumman, Manta, Defense, Research, Agency, US, U.S . Navy Locations: Seoul, South Korea, Australia, United States, Iraq, Afghanistan, Ukraine, Kyiv, Swiss, Anduril Australia, Geostrategy, Southern California, Maryland, California, China, UUVs, Beijing, Canada, France, India, Iran, Israel, North Korea, Norway, Russia, United Kingdom, Sutton

☆ These 'virtuous' stocks with high dividend growth and strong cash flow are primed for outperformance, Wolfe Research says
▼ + stars: | 2024-05-13 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Against this backdrop, Wolfe Research screened for stocks that can help investors navigate a still challenging macroeconomic backdrop. "One of our favorite dividend strategies is to buy companies with a virtuous combination of (1) high dividend growth, and (2) a high free cash flow yield," Wolfe Research's Chris Senyek wrote. Johnson & Johnson was one of the companies that made the cut. Johnson & Johnson also said earlier in May it would spend $6.5 billion to resolve all outstanding litigation in the U.S. tied to claims its talc power caused ovarian cancer. JNJ YTD mountain Johnson & Johnson stock.

Persons: isn't, Wolfe, Chris Senyek, Johnson, Enrique Lores, it's, — CNBC's Michael Bloom Organizations: Federal Reserve, Wolfe Research, Wall, Johnson, HP Inc, HP, Constellation Energy, Constellation, eBay, Vistra Energy Locations: U.S, Johnson

☆ Nicole Shanahan Ventures Onto the Stump for Kennedy
▼ + stars: | 2024-05-13 | by ( Chris Cameron | ) www.nytimes.com time to read: +1 min

She quoted Carl Jung as she opened her meandering speech, cited what she called the “ruthless” American psyche, alluded to her friendship with the director of the “Black Panther” movies and talked about how Americans needed to remember their ancestors. Nicole Shanahan, the Silicon Valley millionaire chosen by Robert F. Kennedy Jr. as his running mate, had previously said that she would spend little time on the campaign trail, leaving stump speeches mainly to Mr. Kennedy. But in her first outing on the hustings, in Houston on Saturday about a month and a half after she joined Mr. Kennedy on his independent presidential ticket, Ms. Shanahan signaled that she was a fitting match for him, speaking about the electorate as if it were the victim of a vast Covid-related conspiracy and defying easy categorization along partisan lines. “I often said Covid was the truth serum,” she said of the pandemic. We’re not going to stand that anymore.”

Persons: Carl Jung, Nicole Shanahan, Robert F, Kennedy Jr, Kennedy, Shanahan, Covid, ”, We’re Organizations: Silicon Locations: Houston

☆ How Fox's Tubi captured Gen Z's attention and became the fastest-growing streaming service
▼ + stars: | 2024-05-13 | by ( Lucia Moses | ) www.businessinsider.com time to read: +8 min

TubiHow Tubi found a Gen-Z audienceTubi, which was acquired by Fox in 2020 for $440 million, didn't deliberately aim at Gen Z when it started in 2014. Because Gen Z spends so much time on social media, they're used to entertainment being free. "Gen Z is orienting themselves around shared interests, subculture interests. The plan is to turn fans into promotors, recognizing that Gen Z is heavily influenced by their friends' recommendations; the initiative is in beta. My thesis is not that people are going to cancel their Netflix subscriptions and go running to Tubi," Parlapiano said.

Persons: Tubi, Peacock, Max, Gen, Nicole Parlapiano, It's, it's, Rupert Murdoch, Fox, There's, didn't, they're, Parlapiano, we've, Carter, Anne Hathaway, Bijou Phillips, Joseph Gordon, Levitt, Chris Baker, Issa Rae's, Bridgerton's, Nicola Coughlan Organizations: Service, Fox, Nielsen, Disney, Hollywood, Business, YouTube, Netflix, FAST, ColorCreative, promotors Locations: Tinder, Tubi

☆ The US Air Force is teaching AI to navigate aircraft in case GPS gets taken out in a future fight
▼ + stars: | 2024-05-13 | by ( Chris Panella | ) www.businessinsider.com time to read: +3 min

In a future war, electronic warfare and anti-satellite weapons could leave the US military without GPS, a critical tool for navigation and targeting. That challenge has prompted the US Air Force to experiment with using artificial intelligence as an alternative navigation method. Related storiesA potential solution being developed by the US Air Force instead relies on AI for navigating in GPS-denied environments. The potential for AI to be used as an alternative to GPS navigation speaks to the growing concern around GPS denial in a future fight. AdvertisementAI creates new opportunities, and the Air Force's navigation alternative isn't the only project looking into how to integrate AI into military systems.

Persons: Col, Garry Floyd, Floyd Organizations: Service, GPS, US Air Force, Business, Department of Air Force, MIT, Intelligence, Associated Press, Air Force, AP, Pentagon, Air Locations: China, Russia, Ukraine, Geneva

☆ Worry About Women Voters Drove Trump’s Hush-Money Decisions, Cohen Says
▼ + stars: | 2024-05-13 | by ( Michael Wilson | ) www.nytimes.com time to read: +1 min

The striking amount of time and energy that went into covering up Donald J. Trump’s alleged affairs in the run-up to the 2016 election, and the panic among his aides over their impact on female voters, returned front and center in the testimony of Michael D. Cohen on Monday. Mr. Cohen and a team at The National Enquirer spoke seemingly constantly about how to keep these women quiet, even as new accounts surfaced that required awkward conversations with the candidate. Accounting departments were engaged, front companies were created, and misleading invoices were produced, according to witnesses for the prosecution. The “Access Hollywood” tape, a recording of Mr. Trump talking about groping women with impunity, landed like a bombshell in 2016. Mr. Trump urged Mr. Cohen, who was in London, to reach out to his contacts in the news media.

Persons: Donald J, Trump’s, Michael D, Cohen, Trump, Mr, Chris Cuomo Organizations: National Enquirer, Mr, CNN, Trump Locations: London

☆ Careers site Indeed to lay off 1,000 workers
▼ + stars: | 2024-05-13 | by ( Dominick Reuter | Alyshia Hull | ) www.businessinsider.com time to read: +2 min

Careers site Indeed will lay off roughly 1,000 employees, or 8% of its workforce. In a memo, CEO Chris Hyams said the company is profitable, but not set up for sustainable growth. Hyams said the cuts are more targeted than last year's across-the-board reduction of 2,200 workers. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementCareers site Indeed says it will lay off roughly 1,000 employees as it looks to simplify its organization.

Persons: Chris Hyams, Hyams, —, Mark Zuckerberg's, " Hyams Organizations: Service, Business, Market, Facebook, Meta

☆ Priced Out of Housing, Communities Take Development Into Their Own Hands
▼ + stars: | 2024-05-13 | by ( Keith Schneider | ) www.nytimes.com time to read: +1 min

“Traverse City is becoming Myrtle Beach meets Hilton Head — a place catering to a population outside the region,” Mr. Treter said. What sets this project apart from others like it is how it’s paid for. Mr. Treter developed the space with Kate Redman, a lawyer who works with nonprofit organizations, and several other entrepreneurs who were dealing with similar challenges. They created a crowdfunding campaign that recruited nearly 500 residents to invest $1.3 million as a down payment to help finance the project’s construction and earn up to 7 percent annually in dividend payments. Roughly 500 more residents contributed $50 each to join the project as co-op members.

Persons: Chris Treter, Mr, Treter, “, Kate Redman Organizations: Trading, “, Myrtle Beach Locations: CITY, Mich, —, “ Traverse, Michigan

CNN —A 62-year-old man has died months after becoming the world’s first living recipient of a genetically edited pig kidney transplant, hailed as a medical milestone. Rick Slayman received the kidney at Massachusetts General in March after he had been diagnosed with end-stage kidney disease last year. “Our family is deeply saddened about the sudden passing of our beloved Rick but take great comfort knowing he inspired so many,” a family statement said. Before Slayman’s transplant, just two transplants using pig organs had been completed – both heart transplants performed under compassionate use. EGenesis, the biotech company providing the genetically edited pig kidney, called Slayman “a true pioneer” in a statement late Saturday night.

Persons: Rick Slayman, Mr, Slayman, Slayman’s, ”, “, Rick, –, ” Slayman, Tatsuo Kawai Organizations: CNN, Massachusetts General, Massachusetts Department of Transportation, Legorreta, Procurement, Transplantation Network, Massachusetts Locations: Massachusetts, ” Massachusetts

☆ Louisiana parishioners confront teen who entered church with a gun during children’s mass, police say
▼ + stars: | 2024-05-12 | by ( Chris Boyette | Elizabeth Wolfe | ) edition.cnn.com time to read: +4 min

CNN —A mass celebrating a group of children’s first communion at a church in southern Louisiana was interrupted Saturday when a 16-year-old boy armed with a gun walked in, the church and police said. The incident happened in Abbeville at the St. Mary Magdalen Church when a “suspicious person” opened the back door of the church while mass was underway, the church said in a statement. Parishioners immediately confronted the person, took him outside and called the police, the church said in a message to its community. Some parishioners in the front pews appeared concerned and were turning around to look toward the back of the church, the video shows. CNN also reached out to St. Mary Magdalen Church for more information.

Persons: Mary Magdalen, ”, Father Nicholas DuPré, DuPré, Go, He’s, Mike Hardy, “, “ Grant, Grant, Mary Magdalen Parish, CNN’s Rafael Romo, Yan Kaner Organizations: CNN, Mary Magdalen Church, Authorities, Abbeville Police Department, Mary Magdalen Catholic, Abbeville Police, FBI, Facebook, National Register of Historic Places Locations: Louisiana, Abbeville, St, ” St, Vermilion Parish, Lafayette

☆ The restaurant stocks that are killing it in this market have one thing in common
▼ + stars: | 2024-05-12 | by ( Jim Cramer | ) www.cnbc.com time to read: +17 min

When a company performs well and I interview its CEO on CNBC, I consider the stock's performance before fashioning my questions. Maybe the company had been poorly run and the guest is a new CEO who is turning it around. Once Wood picks a stock, that company can do no wrong, which is code for she can do no wrong. And take it from me, an old Mexican restaurant veteran, it travels better than any other restaurant chain. We should have just bought Dutch Bros. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.)

Persons: Albert Manifold, Rather, That's, Chris Gibson, Jensen Huang, Huang, Gibson, Cathie Wood, Wood, that's, Brinker, Chipotle, Chipotle execs, Taco Bell, isn't, Yum, McDonald's, Laxman Narasimhan, Howard Schultz, let's, Narasimhan, Joe, Locker, Jim Cramer's, Jim Cramer, Jim, Al Drago Organizations: CNBC, Pharmaceuticals, Nvidia, ARK, Gallup, Darden, Diageo, Brands, KFC, Taco, Taco Bell, Texas, Starbucks, Management, Bros, Dutch Bros, Jim Cramer's Charitable, Starbucks Corp, Health, Education, Labor, Bloomberg, Getty Locations: United States, U.S, Dublin, Ireland, Europe, Texas, Olive, East, Israel, Washington , DC

CNN —President Joe Biden is facing backlash from lawmakers in both parties over his ultimatum that a major Israeli offensive in the city of Rafah would result in a shut-off of some US weapons. “So if you’re worried about Palestinian casualties, the stated policy here actually doesn’t make a ton of sense,” Vance said. The president’s announcement amounted to a turning point in US-Israeli ties since the seven-month conflict between Israel and Hamas began in October. Still, the president’s aides said the message shouldn’t have been a surprise to their intended recipients in Israel given repeated warnings to Prime Minister Benjamin Netanyahu. “I think President Biden has taken forceful action – so much so there’s been a lot of blowback for his recent public statement.”CNN’s Kit Maher, Aileen Graef, Kevin Liptak, Jennifer Hansler and Kylie Atwood contributed to this report.

Persons: Joe Biden, CNN’s Erin Burnett, “, Republican Sen, JD Vance, CNN’s Dana, ”, Biden, ” Vance, Benjamin Netanyahu, Burnett, Israel, Lindsey Graham of, Graham, GOP Sen, Rick Scott of, Israel ”, Josh Gottheimer, Adam Smith, Erin Burnett, –, Netanyahu, Democratic Sen, Chris Murphy, Bash, Murphy, Antony Blinken, ” Blinken, Chris Van Hollen, Margaret Brennan, Van Hollen, ” Van Hollen, ” Murphy, ” Democratic Sen, Chris Coons, Van Hollen’s, there’s, ” CNN’s Kit Maher, Aileen Graef, Kevin Liptak, Jennifer Hansler, Kylie Atwood Organizations: CNN, GOP, Republican, Union, Hamas, Fox News, Democrats, House Democrats, Rep, Congress, Democratic, Connecticut, “, CBS, Ministry, Health, State Department, ” Democratic Locations: Rafah, Ohio, “ State, Israel, Rafah —, Gaza, Lindsey Graham of South Carolina, Rick Scott of Florida, New Jersey, Washington, ”, Iraq, Afghanistan, United States, Maryland, Chris Coons of Delaware

☆ Chris Pine gets candid about past struggle with acne: ‘I know how depressing it can be’
▼ + stars: | 2024-05-12 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +1 min

In his case, he said, it was “tremendously debilitating and really seriously emotionally incapacitating.”“It was one of the most traumatic points of my life but it is my story,” he said. Pine candidly said that he felt like Rush “didn’t have to talk about it” in the book. “I can understand that they wanted to have pretty people doing pretty things and bad acne is not a key,” he said. “I don’t want to say I’m grateful for not having landed that… but I’m alright.”Pine, of course, is more than alright. “I know how depressing it can be and the kind of depths of sorrow it can drag you to,” he said.

Persons: Chris Pine, Pine, ”, Josh Horowitz, Patrick Rush, Alan Sepinwall’s, Rush, Ryan Atwood, Atwood, Ben McKenzie, Rush “, “, Kirk Organizations: CNN, Hollywood, Trek Locations: Hollywood, Rush

☆ Election Updates: Trump returns to the trail as Biden makes a West Coast fund-raising swing.
▼ + stars: | 2024-05-11 | by ( Chris Cameron | ) www.nytimes.com time to read: +5 min

The thinking of party leaders is that Mr. Hernandez would stay in the race if he won the nomination, running interference for Ms. Lake. “They’re not even trying to cover their tracks at this point,” Cody Hannah, a co-chair of the Arizona Green Party, said in an interview on Friday. We know they aren’t genuine Greens.”Efforts to reach Mr. Norton and Mr. Hernandez were not immediately successful. Mr. Hannah, the Green Party’s co-chair, said party members were not familiar with either Mr. Hernandez or Mr. Norton. “These are people who essentially have no connection to our party deciding who’s on our primary ballot,” he said.

Persons: Mike Norton, Arturo Hernandez, —, Norton, Ruben Gallego, Hernandez, Kari Lake, Donald J, Trump, Gallego, Eduardo Heredia, “ They’re, ” Cody Hannah, “, Lake, Kyrsten Sinema, Robert F, Kennedy Jr, circulators, Mr, Joe Lombardo, Hannah, ” Organizations: Arizona Green, U.S . Senate, Republicans, Green Party, Democratic, Green Party of, Arizona Green Party, Greens, Democratic Party, Republican Party, Senate, Green, New York Times, Republican, Federal, Commission Locations: Arizona, Quintana, Green Party of Pima County

☆ Meta is using your Instagram and Facebook photos to train its AI models
▼ + stars: | 2024-05-11 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +1 min

Meta uses public Instagram and Facebook photos and text to train its AI text-to-image generator. Meta executive Chris Cox told Bloomberg's Tech Summit the company doesn't "train on private stuff." The chief product officer's comments come as Big Tech firms race to get data to train AI models. AdvertisementBig Tech firms are scrambling for AI training data and Meta seems to have one big advantage over its rivals: using Instagram and Facebook photos. "We don't train on private stuff, we don't train on stuff that people share with their friends, we do train on things that are public," he said.

Persons: Chris Cox, — Organizations: Bloomberg's Tech Summit, Big Tech, Service, Bloomberg's Tech, Business

☆ Insider Today: Hair transplants in Istanbul
▼ + stars: | 2024-05-11 | by ( Joi-Marie Mckenzie | ) www.businessinsider.com time to read: +5 min

On the agenda today:This story is available exclusively to Business Insider subscribers. But first: Where did Mother's Day brunch come from? Austin Melonie Carroll / Getty ImagesThis week's dispatchMother's Day brunchAdvertisementIt's Mother's Day tomorrow — a holiday that can be joyful for many, but also difficult and emotional for others. For those celebrating the holiday, I have a feeling you might be doing something that just feels synonymous with Mother's Day: brunching. I asked Business Insider lifestyle correspondent Anneta Konstantinides for her thoughts — and whether she has any brunch tips.

Persons: —, Austin Melonie Carroll, Anneta Konstantinides, Ina Garten's, Matteo Colombo, Dia Dipasupil, Abanti Chowdhury, Pine, That's, Chris Pine's, Charles Tyrwhitt, Chelsea Jia Feng, Reginald Ferguson, Tyler Le, Anne Rice's, Brooke Shields, Von Erich Organizations: Service, Business, Mother's, Taj, Lionsgate, Paramount, Warner Bros, Dia, Getty, Denzel, Casio, Chelsea, BI, AMC Locations: Town, South Africa, United States, Istanbul, Denzel Washington, Patagonia

☆ Nvidia's CEO 'had no idea how to' start his $2 trillion company, and wouldn't do it again: 'Nobody in their right mind would do it'
▼ + stars: | 2024-05-11 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +1 min

So says Jensen Huang, who co-founded computer chip company Nvidia with fellow engineers Chris Malachowsky and Curtis Priem from a Denny's booth in 1993. None of us knew how to do anything," Huang recently told "60 Minutes" about the origins of the company. Today, Huang has been Nvidia's CEO for more than three decades, and he's grown the company — through ups and downs — into a $2.2 trillion tech giant that's helping to power the artificial intelligence boom. The co-founders had never run a business before, but Huang — a microprocessor designer — believed they could build a graphics processing unit (GPU) that would revolutionize video games and computer graphics, he said. If Huang could go back to 1993 and do it all again, he'd probably bail on Nvidia, he told the "Acquired" podcast in October 2023.

Persons: Jensen Huang, Chris Malachowsky, Curtis Priem, Huang, —, he'd Organizations: Nvidia

☆ Trump dismisses former presidential rival Nikki Haley as a potential running mate: 'Not under consideration'
▼ + stars: | 2024-05-11 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Donald Trump appeared to close the door on Nikki Haley as a potential vice president. Trump's remark came after an earlier report that Haley was in the mix for VP. AdvertisementFormer President Donald Trump on Saturday threw cold water on any speculation that he was considering ex-presidential rival Nikki Haley as his running mate, saying she was "not under consideration." Just hours after the article was published, Trump went online to set the record straight on his vice presidential search. AdvertisementWhen Haley left the race, she did not throw her support behind Trump's reelection bid and gave no timeline for a potential endorsement.

Persons: Donald Trump, Nikki Haley, Trump's, Haley, —, Trump, Ron DeSantis, Chris Christie, Biden Organizations: Service, Saturday, UN, Trump, GOP, Florida Gov, New, New Jersey Gov Locations: South Carolina, New Jersey, exurban

Search resuls for: "Chris"

25 mentions found