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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBank of Korea's first rate cut in two years 'understandable', 'not that surprising', says JPMorganPark Seok Gil, chief Korea economist at JPMorgan, suggests the bureau's case for cutting rates was about normalizing policy.
Persons: Seok Gil Organizations: Email Bank, JPMorgan Locations: Korea's, Korea
"Succession" actor Nicholas Braun stars as Andy Kaufman and Jim Henson in "Saturday Night." Jason Reitman, the film's director, said that Jim Henson was written with Braun in mind to play the role. Braun also landed a second job as Kaufman after Benny Safdie had to drop out of the movie. Braun, known for his Emmy-winning role as the bumbling, awkward Greg Hirsch on HBO's "Succession," stars as both Jim Henson and Andy Kaufman in "Saturday Night." Advertisement"As we kept on thinking about who would be right for Andy Kaufman, we just kept on coming back to Nicholas Braun," Reitman told IndieWire.
Persons: Nicholas Braun, Andy Kaufman, Jim Henson, Jason Reitman, Braun, Kaufman, Benny Safdie, , Jason Reitman's, Greg Hirsch, HBO's, Eddie Murphy, Tina Fey, Dan Aykroyd, Reitman's, Jose Perez, Bauer, Griffin, Reitman, IndieWire, Gil Kenan, Henson, Kenan, Hopper, Sony Pictures Braun, Safdie, " Braun, Jim would've, Andy Organizations: Service, NBC, Hopper Stone, Sony Pictures Locations: Atlanta
Why Google should negotiate with the DOJ
  + stars: | 2024-10-09 | 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 EmailWhy Google should negotiate with the DOJGil Luria, D.A. Davidson managing director, joins CNBC's 'Squawk on the Street' to discuss the DOJ considering breaking up Google, how Google should handle the case and what businesses it could possibly let go if needed.
Persons: DOJ Gil Luria, D.A, Davidson Organizations: Google, DOJ
The iPhone 16 lacks new features and a new AI smartphone is years away, wrote analysts on Sunday. Much of the optimism surrounding Apple this year came from its June announcement of Apple Intelligence, the company's take on artificial intelligence. In Sunday's note, Lee forecasted "flattish volume growth" in the second half of 2024 for iPhone 16 compared to the iPhone 15, and only 2.5% growth in lifecycle volume for the iPhone 16. AdvertisementTo be sure, not all analysts think the delay in introducing Apple Intelligence will hurt the company. He said that he gives little credence to third-party reports of iPhone 16 sales.
Persons: Jefferies, , Edison Lee, Siri, Lee, Gil Luria, Davidson Organizations: Service, Apple Intelligence, Bloomberg, D.A, Apple
Even fantasy football participants like to hold their cards close to their chests. But the new Top Contributing Factors feature in ESPN Fantasy Football is an interesting contrast. For the past eight years, IBM has worked closely with ESPN to enhance its popular fantasy football platform. The feature satisfies the fantasy football participants' curiosity and makes a broader point. Learn more about the AI in ESPN fantasy football.
Persons: Noah Syken, coverages, Dario Gil, Malcolm Gladwell, Mo Duffy Organizations: IBM, Baseball, Football, ESPN Fantasy, ESPN, IBM IBM, IBM Research, Red Hat, Business, Sports, Insider Studios
One thing seems clear: The company is burning through far more cash than it’s bringing in, according to reporting from the New York Times. (That’s revenue largely from subscriptions to premium versions of ChatGPT and licensing its tech to third-party developers.) Here’s where things get a little wild:Next year, OpenAI estimates that its revenue will more than triple to $11.6 billion. It’s not clear how, or whether, OpenAI is working on reducing its significant cash burn. “It has nothing to do with reality.”One way OpenAI could improve its margins would be to cut costs.
Persons: CNN Business ’, New York CNN —, Goldman Sachs, that’s, Gil Luria, Davidson, ” Luria, , Luria, There’s, OpenAI, Sam Altman, we’ve, Organizations: CNN Business, New York CNN, Google, Pfizer, Microsoft, Nvidia, Ark Investment Management, Apple, Wall Street, New York Times, Times, CNN, CNBC, Bravo, Locations: New York, Silicon Valley, Silicon
“The idea was that all you need to defend against antisemitism is a table and a couple of Jewish students willing to have a conversation,” he explained. “It was a very difficult time and a lot of Jewish students started to become scared. “Jewish students had a terrible year last year,” Emma Hallali, president of the European Union of Jewish Students (EUJS), an umbrella organization representing 160,000 young people in 36 different countries, told CNN. “The community of Jewish students in Oxford has never been stronger and it’s a really vibrant place to be,” he said. The Union of Jewish Students President Sami Berkoff (left) with Solicitor General Sarah Sackman at a meeting to discuss the concerns of Jewish students.
Persons: Andrew Milligan, , “ We’ve, Jewish Students Gil, , Gil, judenrats, weren’t, David, we’re, Dave Rich, Rich, Joe Giddens, aren’t, there’s, Rabbi Michael Rosenfeld, “ I’d, ” Emma Hallali, Emma Hallali, Hallali, Emilia Kartovaara, Emilia, Kartovaara, ” Markus Laitinen, Laitinen, Rosenfeld, Sami Berkoff, Berkoff, UJS, Sarah Sackman, Sackman, isn’t Organizations: CNN, Community Security Trust, Jewish, Old College, University of Edinburgh, University of Leeds ’ Hillel House, Hillel House, Jewish Students, University of Leeds, ” Universities, Cambridge University, Oxford University, Oxford, European Union of Jewish Students, University of Helsinki, UK Union of Jewish Students, Union of Jewish Students Locations: United Kingdom, Israel, Gaza, Leeds, England, The, United States, Western, France, Germany, Netherlands, Europe, Finland, Helsinki, Oxford
It is one of Spanish football’s most iconic fixtures, but Sunday’s 1-1 draw between Atletico Madrid and Real Madrid will be remembered for all the wrong reasons. AdvertisementIn the second half, the referee suspended play and both teams were taken off due to home fans throwing objects at Real Madrid goalkeeper Thibaut Courtois. The ‘Frente Atletico’ fans group was formed in the 1980s and has a reputation for holding radical right-wing views and being involved in violence. There was also tension when some fans passed by wearing Real Madrid shirts against the backdrop of a heavy police presence. AdvertisementCristiano Ronaldo was hit by a lighter thrown by Atletico fans at their old Calderon home in February 2014.
Persons: Vinicius Junior, Thibaut Courtois, Angel Correa, Eder, Courtois, Mateo Busquets Ferrer, Busquets Ferrer, Koke, Jose Maria Gimenez, Diego Simeone, Gimenez, Simeone, gestured, Courtois ’, Florencia Tan Jun, Correa, Marcos Llorente, Fran Garcia, Aitor Zabaleta, Vicente Calderon, Javier, Jimmy ’ Romero Taboada, Calderon, Miguel Angel Gil Marin, Vinicius Jr, “ Vinicius, Vinicus Jr, Dennis Agyeman, Enrique Cerezo, , , Oscar del Pozo, Joan Jordan, Benito Villamarin, Valencia, Real Madrid's Vinicius Jr, Cristiano Ronaldo, Gonzalo Arroyo Moreno, Carlo Ancelotti Organizations: Atletico Madrid, Atletico’s Estadio Metropolitano, Real Madrid, Atletico, Metropolitano, Liga, Atletico ‘, Spanish Football Federation, Play, Frente Atletico ’, Real Sociedad, Frente Atletico, Deportivo La Coruna, Deportivo, Real Betis, Europa League, Marseille, Sport, Atletico de, Spanish TV, Cuatro, Players, Copa del Rey, Europa Press, Getty, Athletic, Madrid, La Liga, Champions League, Belgian, Courtois, Copa, Rey, Sevilla, Benito, Betis, , Valencia, Aitor Alcalde, Villarreal, Real Madrid’s Estadio Santiago Bernabeu, Real’s, Bernabeu, “ Atletico Madrid, Real Locations: Spanish, Real Madrid, balaclava, Nazi, Madrid, AFP, Spain, Valencia, ” Madrid
Read previewBig tech cloud providers have been investing in their own homegrown AI chips lately, in hopes of replicating Nvidia's success. Amazon Web Services have worked on Trainium and Inferentia processors for several years, while Google unveiled its sixth generation TPU line of AI chips this year. Davidson, AWS's AI chips may have one potential advantage: more regional availability. Regional deployment rate of AI chips by Microsoft, Amazon, and Google D.A. The company has doubled down on its silicon business lately, but its AI chips have so far seen mixed results against Nvidia's dominance.
Persons: , Maia, Gil Luria, Davidson, AWS's, Luria, Microsoft's Maia, Patrick Neighorn, we're Organizations: Service, Services, Google, Microsoft, Business, D.A, Davidson, AWS, Nvidia's
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDA Davidson: Meta's 'better vision than most' makes it a compelling buyD.A. Davidson's Gil Luria sees the timing ripe for mass market adoption of AI and Spatial Computing, with Meta poised to benefit from these key trends.
Persons: DA Davidson, Meta's, Davidson's Gil Luria Organizations: DA, Meta
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. According to a simulated model that factors in things like changes in health, nursing home costs, and demographics, about 45% of Americans who leave the workforce at 65 are likely to run out of money during retirement. When you have more leisure time on your hands, more money goes toward entertainment and travel, especially in the first few years of retirement. The outcome is a higher withdrawal rate, which can push you into a higher tax bracket, he noted. "People don't take into account how expensive things get over time, not realizing that they can live another 40 years in retirement.
Persons: , Spencer Look, they're, JoePat Roop, Roop, Bob, would've, it'll, Gil Baumgarten, Baumgarten, it's Organizations: Service, Morningstar's Center for Retirement, Business, Belmont Capital Advisors, IRA, IRS, Wealth Management Locations: breakeven
Read previewApple Intelligence didn't come with the latest iPhone 16 drop on September 20, but that won't matter — analysts are confident that it'll still boost iPhone 16 sales throughout the next 12 months as Apple releases the AI-powered features in multiple software updates. "Apple Intelligence is still the big driver," Gil Luria, an Apple analyst for D.A. The analyst compared Apple Intelligence's sales boost potential to the excitement around 5G coverage for iPhone 12 about four years ago. According to the analyst, the difference now is that Apple Intelligence won't come out of the box. Luria, the Apple analyst, told BI that Apple Intelligence won't be a popular feature until people can start using it, comparing it to AI's dominance after ChatGPT was released to the public in 2022.
Persons: , Gil Luria, Davidson, Chi Kuo, Luria, Dan Ives, Ives, Ron Witt, " Luria, ChatGPT Organizations: Service, Apple, Apple Intelligence, D.A, Business, BofA Global Research, BI, 5G, Wedbush Securities Locations: Cupertino, San Francisco and New York, San Francisco
Analyst Gil Luria maintained his price target of $475, which is approximately 9% higher than where Microsoft stock closed on Friday. In particular, Amazon Web Services and Google Cloud Platform appear to pose the biggest threats to Microsoft's Azure cloud computing platform. But Amazon Web Services is now adding nearly as much cloud business, while Google Cloud Platform's current acceleration is comparable to that of Azure's last-quarter growth rates. "While Microsoft has discussed its Maia chips, it is years behind Amazon and Google and appears to be using them only to run Azure OpenAI Services workloads. We believe this means Microsoft has been escalating an arms race it may not be able to win."
Persons: D.A, Davidson, Gil Luria, Luria, Maia Organizations: Microsoft, Amazon Web Services, Google, Services, Amazon, OpenAI Locations: OpenAI
Meanwhile, Morgan Stanley raised its price target on Constellation Energy to $313m implying more than 20% upside. 7 a.m.: DA Davidson downgrades Microsoft, cites diminishing AI lead DA Davidson believes that Microsoft has lost its edge over competitors in artificial intelligence. The investment firm downgraded shares of the tech giant to neutral from buy, although analyst Gil Luria maintained his $475 price target. This could begin to have a material impact on the company's returns beginning in 2025, the analyst wrote. Wells Fargo analyst Neil Kalton also hiked his price target on the stock to $300, implying nearly 18% upside ahead.
Persons: Raymond James, Morgan Stanley, Bernstein, DA Davidson, Davidson, Gil Luria, Luria, GitHub Copilot, — Lisa Kailai Han, Daniel Roeska, Roeska, Lisa Kailai Han, Ronald Josey, Josey, Meta, Atif Malik, Malik, Raymond James downgrades, Brian Gesuale, Gesuale, David Arcaro, Arcaro, Wells, Neil Kalton, — Fred Imbert Organizations: CNBC, Constellation Energy, Motors, Microsoft, DA, Nvidia, Motors General Motors, General Motors, Hyundai, Citi Locations: Palantir, Friday's, U.S, 25e, GenAI
DA Davidson's Gil Luria explains his Microsoft downgrade
  + stars: | 2024-09-23 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDA Davidson's Gil Luria explains his Microsoft downgradeDA Davidson senior software analyst Gil Luria joins 'Closing Bell Overtime' to explain his downgrade of Microsoft.
Persons: DA Davidson's Gil Luria, Gil Luria Organizations: DA, Davidson, Microsoft
Apple Intelligence, the AI feature analysts believe will spark a consumer rush to update their iPhones, Business Insider previously reported, was not installed in the new iPhones straight out of the box. AdvertisementDespite the lines, the data shows that preorder sales took a hit this year — possibly due to the absence of Apple Intelligence. The average global shipping time for the iPhone 16 was 7 days compared to 9 days for the iPhone 15. Shipping times for the 16 Pro Max were 11 days compared to 19 days for the 15 Pro Max. The level of draw Apple Intelligence will have on customers is also in question.
Persons: , Siri, Ron Witt, Witt, It's, Saul Campos, Campos, Tim Cook, it's, Mark Gurman, Chi Kuo, Kuo, Max, Gil Luria, Davidson, Techradar, Apple Organizations: Service, Apple, Apple Intelligence, Business, Apple's, CNBC, Reuters, Shipping, D.A, Consumer Intelligence Research Partners Locations: San Francisco, New York, Manhattan
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailColliers U.S. CEO: Commercial real estate still has some stress to come and loans to be worked outGil Borok, Colliers U.S. and Latin America CEO, joins 'Money Movers' to discuss if Borok thinks rate cuts mark the peak in commercial real estate delinquencies, how the chief executive sees the current environment, and much more.
Persons: Gil Borok, Borok Organizations: Colliers, Colliers U.S, America
Faster delivery is prompting more and more people to turn to Amazon to buy paper towels and other everyday items. The growing prevalence of one- and same-day delivery has made Amazon a much more convenient to place to shop for everyday essentials. "If people buy everyday essentials on Amazon, they're more likely to buy other products too," said Jeff Marks, the Club's director of portfolio analysis. This added convenience in ordering everyday essentials from Amazon comes at a challenging time for physical retailers known for selling those same products. The company likes "to be in the consideration set for consumers" in the everyday essentials since it helps drive market share gains, Olsavsky said.
Persons: , it's, Jeff Marks, Andy Jassy, Jassy, Gil Luria, Davidson, We've, Jim Cramer, Amazon's, Brian Olsavsky, Olsavsky, Wells, Ken Gawrelski, Gawrelski, Morgan Stanley, we're, Davidson's Luria, Luria, Jim, Jim Cramer's, Angus Mordant Organizations: Walgreens, CVS, Aid, D.A, Amazon, CNBC, Bloomberg, Getty Locations: Target, North America, New York
It's also a sign of just how expensive the business of training and running AI models is getting. AdvertisementGenerative AI is a cash-guzzlerStartups like OpenAI need to raise huge amounts of capital to build smarter AI models. Just look at the spending of Big Tech firms working to improve their AI models. Consolidation has struck the AI industry in recent months, as some top startups trying to build AI models have been gutted. AI startups serious about progressing on LLMs will need to figure out the answer to this pretty quickly.
Persons: , Elon, Sam Altman, ChatGPT, It's, Justin Sullivan, OpenAI, Dario Amodei, Anthropic, Pretty, Amodei's Anthropic, Dario Amodei's Anthropic, Noam Shazeer —, Ben Bergman, Sri Muppidi, it's, Elad Gil, Gil Organizations: Service, Bloomberg, Business, SpaceX, Getty, Microsoft, Big Tech, Street, Nvidia, Apple, Amazon, Samsung, Google Locations: OpenAI, aren't
Meta: Here's why DA Davidson is bullish on the stock
  + stars: | 2024-09-10 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMeta: Here's why DA Davidson is bullish on the stockGil Luria, D.A. Davidson senior software analyst, joins 'Power Lunch' to discuss naming Meta as a top pick for AI.
Persons: Davidson, Gil Luria, D.A Organizations: Davidson
The crew apparently didn't have permission from Disney to shoot the final scene. The final scene of the movie zooms in on a band performing on top of the high school. Buena Vista PicturesIn the final scene of the movie, Letters to Cleo performs a cover of Cheap Trick's "I Want You to Want Me" on the roof of Padua High School. But Disney originally told the director that he couldn't do it because the shot would be too expensive. They also didn't have permission to film on the roof, but Junger decided to shoot it anyway.
Persons: Cleo, Junger, Kay Hanley, Gil Organizations: Buena Vista Pictures, Padua High School, Disney, New York Times, Puget Sound Locations: Padua, Hollywood
CNN —Apple excited fans with its vision for its “Apple Intelligence” artificial intelligence system earlier this year. Apple faces immense pressure ahead of the event to prove the new AI features and other iPhone 16 updates are worth shelling out for an upgrade. Subplot or main character, here is everything we’re expecting from the Apple event. The company’s task on Monday will be to show iPhone users what that will look in real life. A major question heading into Monday’s event is how Apple will price the iPhone 16 lineup.
Persons: Ming Yeung, Dan Ives, Wedbush, ” D.A, Davidson, Gil Luria, Siri, ” Luria, , Tiffany, Tiffany R, you’ll, Luria, Aly Song, , , Mark Gurman, CFRA Research’s Angelo Zino, Gurman, Samantha Kelly, Ramishah Maruf Organizations: CNN, Apple, Apple Intelligence, Apple Watch Locations: Milan, Italy, , Shanghai, China
Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. They assessed participants' flexibility, based on a range of motion through the ankles, hips, knees, shoulders, torso, wrists, and elbows. AdvertisementWomen were 35% more flexible, on average, than men, according to this study (and tend to live longer, too, per CDC data). A caveat is that this study was observational, meaning more research is needed to see if improving flexibility can help people live longer. The best exercises to improve flexibilityMore research could also help determine which exercises are best for improving flexibility, and longevity.
Persons: , Araújo, There's, Claudio Gil S Organizations: Service, Scandinavian, of Medicine & Science, Business, Stanford, Exercise Locations: Rio de Janeiro
Read previewChat GPT-5, the next version of OpenAI's language model that changed everything, is on the way. As AI developers wait to test GPT-5, some have found a new way to bootstrap their way to more advanced AI without an entirely new model. Fewer idle GPUs then translate to more affordable computing, as Davis explained on the No Priors podcast released Thursday. When Davis and his co-authors used the compound AI method, the layered model produced the correct answer 37% of the time — a nearly 10-fold increase. "I think people are getting more sophisticated at thinking about cost in more of a life-cycle way," Davis said.
Persons: , Jared Quincy Davis, Davis, Sarah Guo, Elad Gil, iterating Organizations: Service, Business, Foundry, Lightspeed Venture Partners, Sequoia Capital, Systems
At this year’s Olympic games, Latino fans cheered on athletes from their home countries as well as those representing Team USA. As the Paris Games come to an end, thirteen Latinos are returning home with gold medals. Beatriz Sousa brought Brazil, Latin America's gold medal leader, its first Paris gold medal in the 78kg+ judo final. Latino medal countdown, by country:Brazil took home the most medals of any Latin American country at the Olympic Games, including three gold medals. Latino athletes on Team USA were part of team events that earned the U.S. two gold medals and one silver medal at the Games.
Persons: Rebeca Andrade, Simone Biles, Andrade, Beatriz Sousa, Marileidy Paulino, Diana Taurasi, Sue Bird, Mijain López Núñez, López Núñez, Adriana Ruano, Cuba’s Erislandy Alvarez, Brazil’s Ana Patrícia, Duda Lisboa, Francisca Crovetto Chadid, Chile’s, Paris Games —, Jose Torres Gil, , ” Torres Gil, Brian Pintado, Hezly Rivera, Rivera, Ángel, Shinnosuke Oka, Oka, Daniella Ramirez, Anita Alvarez, Sebastian Rivera Organizations: Team USA, Paris Games, Paris, USA’s, Olympic, Cuba, Canada, American, Argentina, Associated Press, Ecuador —, Dominican, U.S, Games, Paris Olympics, Ángel Barajas, Barajas, USA, Olympics, Puerto Rico, Rutgers, NBC Locations: Brazil, Dominican Republic, Guatemala, Paris, Argentina, Chile, Colombia, Cuba, Ecuador, Mexico, Peru, Puerto Rico, Venezuelan American, New Jersey, Puerto
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