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☆ Airlines may be struggling but global travel is in an uptrend. These companies are set to benefit
▼ + stars: | 2024-08-02 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

Global Jets ETF , whose largest holdings are Southwest Airlines , United Airlines , American Airlines and Delta Air , is off 7.5% just since the end of June. GE Aerospace GE Aerospace is a pure play on the rise of global air travel, according to John Belton, portfolio manager at Gabelli Funds. Just about all 18 analysts polled by LSEG consider GE Aerospace a buy, with five rating it a strong buy. Central to the investment thesis for GE Aerospace is its market leadership. "The air travel industry is a growth industry," Galluccio said.

Persons: Richard Branson, John Belton, Belton, Nicholas Galluccio, Galluccio, Morningstar, that's, Tony Bancroft, Bancroft, there's, wanderlust Organizations: Virgin Group, U.S . Global Jets ETF, Southwest Airlines, United Airlines, American Airlines, Delta Air, Transportation, Boeing, Airbus, Gabelli, International Air Transport Association, AAR Corp, Teton Advisors, Westwood, Equity, GE Aerospace GE Aerospace, Gabelli Funds, New York Stock Exchange, General Electric, GE Aerospace, LSEG, GE, Airlines, Morningstar, Growth, Max, Federal Aviation Administration, Aerospace & Defense ETF, Heico Corporation, Triumph, TransDigm Locations: U.S, Eastern Europe

☆ Why Silicon Valley Is Going to War Against the Media, Journalists
▼ + stars: | 2024-07-30 | by ( ) www.businessinsider.com time to read: +21 min

Just 20 years ago journalists covered the tech industry "like it didn't matter, like it was this hobbyist, interesting, plucky thing." The pro-tech media gives tech's main characters the chance to write their way back to the original storyline. Trae Stephens, a partner at Founders Fund, described Pirate Wires as a kind of daily affirmation for Silicon Valley. Related storiesTrae Stephens, a partner at Founders Fund, described Pirate Wires as a kind of daily affirmation for Silicon Valley. Of the members of the news media I talked to about pro-tech media, some were backhandedly laudatory.

Persons: Mike Solana, Solana, Peter Thiel, —, David Sacks, Jason Calacanis, Chamath Palihapitiya, David Friedberg, Elon Musk, Sam Altman, Tucker Carlson, Donald Trump, There's, Coogan, John Coogan, Andreessen Horowitz, Marc Andreessen, they're, Balaji Srinivasan, Mark Zuckerberg, Donald Trump's, Tyler Le, Sam Bankman, Warren Buffett, Trae Stephens, Andreessen, Palmer Luckey, It's, Dick Lucas, Lucas, Joe Rogan, Kamala, Stephens, Packy McCormick, Taylor Lorenz, Ryan Mac, Kevin Roose, Jesse Singal —, Casey Newton, Casey isn't, Casey, Newton, Erik Torenberg, Anthony Fauci, Ellen Pao, Katherine Maher, George Soros, Joe Biden, Chesa Boudin, Boudin, Gavin Newsom, Palihapitiya, Sacks, Trump, JD Vance, Brian Merchant, Ben Smith, Eric Newcomer, he's, Lulu Cheng Meservey, Balaji Srinivasan's, Zoë Bernard Organizations: Fund, Tech, Founders Fund, Apple, Elon, Elite, Sequoia Capital, Pirate, Penguin Group, Big Tech, Card Industry, Washington Post, TechCrunch, Media, NPR, Google, Disney, Twitter, Republican National Convention, Bloomberg, monetization, San, Business Locations: San Francisco, Substack, Silicon Valley, New York, Silicon, Solana, Miami, Francisco, California, Los Angeles

☆ Donald Trump once trashed bitcoin as ‘based on thin air.’ Now, he’s addressing crypto’s largest convention
▼ + stars: | 2024-07-27 | by ( Steve Contorno | Aaron Pellish | ) edition.cnn.com time to read: +8 min

Trump’s campaign would not say what sparked the former president’s 180-degree turn on bitcoin. Billionaire crypto tycoons Tyler and Cameron Winklevoss each pledged to donate $1 million worth of bitcoin to Trump’s campaign. The cryptocurrency industry has experienced a resurgence since the downfall of FTX. Trump supporters were not hard to find inside the Bitcoin Conference. Luke Broyles, a 25-year-old Michigander working in the crypto industry, was similarly unsure of Trump’s latest entreaties despite his recent rhetoric.

Persons: Donald Trump, Trump, bitcoin “, ”, ” Trump, Jacob Silverman, bitcoin, Sam Bankman, Larry David, Tom Brady, Fried, Brian Hughes, South Carolina Sen, Tim Scott, ” Scott, David Bailey, Bailey, cryptocurrency, tycoons Tyler, Cameron Winklevoss, Cryptocurrency, Ohio Sen, JD Vance, David Sacks, Biden, ” Sacks, “, ” Tyler Winklevoss, Eric Soufer, cryptocurrencies, ” Soufer, FTX, Robert F, Kennedy Jr, John Fischer, ” Fischer, Luke Broyles, Trump’s, ” Broyles Organizations: Nashville CNN, Twitter, United States, Biden, Capitalism, CNN, Republican, Trump, South, BTC Inc, Mar, Commission, Billionaire, Music City Center, Independent, Pew, Libertarian Party, Bitcoin Conference Locations: USA, Nashville, United States, Wisconsin, St, Cloud , Minnesota, South Carolina, Silicon, Washington, Atlanta, cryptocurrency

Video footage shows an angled line alongside Lee’s body, which is bent at the hips. Video footage shows an animated white line that follows Lee’s feet as she kicks them toward the ceiling on the upswing. Video footage shows a white line indicating that Lee’s body is about 3 to 4 feet above the high bar. Video footage shows a white line animating downward along the back of Lee’s body as she extends her feet. The Cappuccitti Release Catch the bar Front flip Full-twisting Jaeger Release Catch the bar Flip with full twist The Cappuccitti Full-twisting Jaeger Release Release Flip with full twist Front flip Catch the bar Catch the bar The Cappuccitti Full-twisting Jaeger Release Release Flip with full twist Front flip Catch the bar Catch the bar The Cappuccitti Catch the bar Release Front flip Full-twisting Jaeger Catch the bar Release Flip with full twist Note: The Cappuccitti was performed by Luo Rui.

Persons: Sunisa Lee, Lee, ”, “, Lee ”, Bernd Jäger, Stephanie Cappuccitti, Luo Rui, Jaeger, Rui, Aleksandr Tkatchev —, Gabby Douglas, Li Ya Organizations: Olympic, Games, International Gymnastics Federation, New York Times, U.S.A Locations: Paris

☆ The Trump-crypto love story may not be happily ever after
▼ + stars: | 2024-07-26 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

New York CNN —Donald Trump didn’t need to do much to win over crypto investors, who are used to being treated like the problem children of the financial world. They’re tinkering in the shadows, doing a thing most normies either don’t understand and/or believe is a scam. “Bitcoiners are looking for political validation after years in the wilderness,” said Eric Soufer, a political adviser to major crypto companies. But running against Vice President Kamala Harris, now the presumptive Democratic nominee, may change the calculus. It’s not clear why Trump has shown a sudden adoration for digital assets when he pooh-poohed it during his presidency.

Persons: CNN Business ’, Donald Trump, “, ”, Eric Soufer, ” Trump, Trump, Marc Andreessen, Joe Biden, Gary Gensler, Kamala Harris, Biden, Harris, Harris ’, Mark Cuban, Cuban, didn’t, Brian Hughes, “ Trump, unAmerican Crypto, ” Harris, Crypto, Molly White, It’s, —, Steve Contorno Organizations: CNN Business, New York CNN, Republican, Big Tech, Securities, Exchange Commission, Democratic, Politico, Trump, CNN, Democrats, Republican Party, GOP, Republicans, Fox Business Locations: New York, Nashville

Trump, the Republican nominee for president, has raised more than $4 million from a mix of digital tokens, a campaign aide told CNBC. At least 19 donors contributed more than $2.15 million bitcoin to the committee, the filing shows. Brian Hughes, a Trump campaign aide, said that of the more than $4 million in crypto raised, most of it arrived in bitcoin. "While the Biden-Harris Administration stifles innovation with more regulation and higher taxes, President Trump is ready to encourage American leadership in this and other emerging technologies." Thus far, it appears the Trump campaign is mostly converting these contributions immediately to USDC and then liquidating the donations.

Persons: Donald J, Trump, Bill Pugliano, Donald Trump, Tyler, Cameron Winklevoss, Mike Belshe, Tyler Winklevoss, Eva Marie Uzcategui, he's, Marc Andreessen, Ben Horowitz, Brian Hughes, Kamala Harris, Hughes, Harris, shiba inu, Jesse Powell, Stuart Alderoty, Alderoty, David Sacks, Ryan Selkis, Sen, Elizabeth Warren, Warren, Ohio Sen, JD Vance, Vance Organizations: Van, Getty, NASHVILLE, Republican, CNBC, U.S, Trump, Republican National Committee, State Department, Gemini Trust, Bloomberg, Solana, Bitcoin, Music City Center, Democratic, Biden, Harris Administration, IRS, Libertarian National Convention, Ohio, Biden White, SEC Locations: Grand Rapids , Michigan, Tennessee, bitcoin, Miami , Florida, U.S, Nashville, San Francisco, USDC, Washington, Lago, Florida

☆ Sam Altman says the US has to do 4 things to prevent China from taking the AI throne
▼ + stars: | 2024-07-25 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +4 min

Read previewOpenAI CEO Sam Altman has a four-point plan to help the United States retain its dominance in the global AI arms race. To this end, the first step in Altman's plan is to ensure proper safeguards around AI technology. He said that would help create more jobs and establish AI as a "new industrial base" in the United States. He also said the United States needs to invest in developing a new generation of AI innovators, researchers, and engineers. Related storiesThird, the United States should establish more regulations around trade and the transmission of information across borders.

Persons: —, Sam Altman, Altman's, Altman, aren't, Axios Organizations: Service, Washington, Business, International Atomic Energy Agency, AI, Internet Corporation, ICANN, United States, Stanford's Institute for, Intelligence Locations: United States, American, United, China

☆ Startups that aren't using AI are already obsolete, says the man known as the 'father of modern entrepreneurship'
▼ + stars: | 2024-07-22 | by ( Polly Thompson | ) www.businessinsider.com time to read: +5 min

This story is available exclusively to Business Insider subscribers. "If you're not playing with all the tools and trying to build apps on top of them, you're already obsolete," Blank told BI. "The pieces of the lean startup are just so obvious to me to be automated and then strung together. But then a lot of it won't tell you when it's not working," Blank told BI. From Blank's perspective, one side of entrepreneurship that is safe in the emerging AI world is the role of the visionary founder.

Persons: —, Steve Blank, Blank, It's, it's Organizations: Service, United States Census Bureau, Business, Harvard, Modern Entrepreneurship, Stanford, Silicon, Founders

☆ Seeking nominations for Business Insider's third annual climate action list
▼ + stars: | 2024-07-19 | by ( ) www.businessinsider.com time to read: +1 min

Nominations are open for Business Insider's third annual list of top climate leaders. Sign up for our newsletter to get the latest on the culture & business of sustainability — delivered weekly to your inbox. download the app Email address Sign up By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyWe're seeking nominations for Business Insider's third annual climate action list , which identifies global leaders working toward climate solutions. Aligning with COP29 and launching in November, BI's climate action list will invite honorees to share their progress toward achieving their climate goals and the specific actions they think our readers can take to do the same. This story is available exclusively to Business Insider subscribers.

Organizations: Business, Service

☆ ETF Innovators: 11 people disrupting the industry, creating unique products, and delivering mammoth returns
▼ + stars: | 2024-07-11 | by ( William Edwards | ) www.businessinsider.com time to read: +1 min

We highlight 11 people disrupting the ETF industry and delivering impressive returns for investors. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . According to PwC, total ETF assets under management have grown by almost 19% a year over the last five years. And asset management giants seem more willing to enter the ETF space, according to Nate Geraci, president of The ETF Store. This story is available exclusively to Business Insider subscribers.

Persons: —, It's, Morningstar, Nate Geraci Organizations: issuances, Service, Securities, Exchange, Business Locations: PwC

☆ 5 hot spots where San Francisco's startup founders, VCs, and tech workers hang out
▼ + stars: | 2024-07-08 | by ( Sri Muppidi | ) www.businessinsider.com time to read: +8 min

Here are five "third places" where San Francisco's founders, VCs, and tech workers are gathering. GroundfloorGroundfloor Sri MuppidiFounded in 2021, Groundfloor is a brightly lit community space located in the heart of San Francisco's Mission neighborhood. The space also doubles as a social space. AdvertisementThe Center SFThe Center SF The Center SFThe Center SF is a community hub located in a large Victorian house. The community space is funded entirely by donations.

Persons: —, Francisco, Ray Oldenburg, Sean Ang, Ang, Elizabeth Young, Max Wolff, they've, Zack Wexler, San Francisco Baybay Organizations: Service, Tech, San Francisco, Business, Groundfloor, Club, San, San Francisco Standard, Visitors Locations: San, Hayes Valley, Muppidi, Francisco's, Groundfloor, San Francisco

☆ One of the most powerful men in entertainment just called OpenAI's Sam Altman a 'con man' who can't be trusted
▼ + stars: | 2024-06-28 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +1 min

Ari Emanuel, CEO of media conglomerate Endeavor, called for guardrails on artificial intelligence. But he said OpenAI CEO Sam Altman can't be trusted and the government needs to step in. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAri Emanuel, CEO of Endeavor, the sports and entertainment conglomerate, called OpenAI CEO Sam Altman a "con man" who can't be trusted with artificial intelligence.

Persons: Ari Emanuel, Sam Altman, —, Altman, Emanuel, Elon Musk Organizations: Endeavor, Aspen Ideas, Service, Ideas, Business

☆ SXSW decision to end US Army sponsorship spotlights political tightrope for festival organizers amid Israel-Hamas war
▼ + stars: | 2024-06-28 | by ( Elizabeth Wagmeister | ) edition.cnn.com time to read: +7 min

“After careful consideration, we are revising our sponsorship model,” read an official statement shared on the SXSW website. In 2023, The Ireland-Palestine Solidarity Campaign (IPSC) announced that their “Irish Artists Pledge to Boycott Israel” had passed 1,500 signatories, including Kneecap. SXSW isn’t the only music festival that has seen artists pull out over sponsorships since the Israel-Hamas war began. Obviously, we pulled out of SXSW because it was literally sponsored by the American army, but we’re not f–kin’ ridiculous either.”The SXSW festival began in 1987. Greg Abbott took to social media to comment on the SXSW protesters, prompting the festival to publicly disagree with the governor.

Persons: Jamie Dobson, “, Selena Gomez, Meghan, Duchess of Sussex, Mark Cuban, Israel, Kneecap, Rich Peppiatt, Liam Óg Ó, Ó Cairealláin, Jj Ó, Justin Bettman, Boycott Israel ”, Dan Lambert, Lambert, Robert MacPherson, Greg Abbott, Don’t, ” Abbott, don’t, ”, Governor Abbott Organizations: CNN, Southwest, Hamas, SXSW, US Army, U.S, Army Futures Command, US Army Futures Command, Army, Hollywood, Irish, Palestine Solidarity, Barclays Bank, Barclays, Live, Reuters, Texas Gov Locations: Israel, Austin, The Texas, Palestine, Ireland, The Ireland, Gaza, Texas

☆ How some venture capitalists are trying to lift the profile of LGBTQ+ founders
▼ + stars: | 2024-06-27 | by ( Kevin Schmidt | ) www.cnbc.com time to read: +7 min

Some venture capitalists are trying to change the equation and are backing minority founders to help them scale their companies and create jobs within their communities. The largest cities that lack any LGBTQ+ founders are Orlando, Florida; Charlotte, North Carolina; and Birmingham, Alabama. One organization trying such solutions is Chasing Rainbows, a venture capital fund that works with LGBTQ+ founders to connect them with capital. Stokes said the LGBTQ+ community historically has experienced some form of discrimination when trying to access these types of services. An angel investor himself, Stokes founded Chasing Rainbows in 2021 after recognizing that underrepresented founders are seen as riskier investments.

Persons: Charlotte ,, Brian Richardson, Richardson, Ben Stokes, Stokes, outsized, Bill No Organizations: Gallup, CNBC, StartOut, University of California Locations: StartOut's State, San Francisco , New York, Los Angeles, Denver, Austin , Texas, Orlando , Florida, Charlotte, Charlotte , North Carolina, Birmingham , Alabama, Texas, North Carolina, Alabama, Massachusetts, New York, California, Berkeley

☆ The best-funded generative AI startups in Europe have something in common: Big Tech experience
▼ + stars: | 2024-06-20 | by ( Ryan Browne | ) www.cnbc.com time to read: +5 min

That figure rose to more than a third (38%) for the top 40 European and Israeli generative AI companies in terms of venture funding raised, and 60% for the top 10 generative AI companies for funding levels. Google bought British AI lab DeepMind in 2014, and the firm's tech is now key to AI products including its Gemini generative AI tools. Many AI founders are professors, tooAccel noted universities play a major role in the creation of generative AI startups. British universities are the most popular study destination for generative AI founders, Accel's research found. France's Ecole Polytechnique is the second-highest academic founder factory in Europe, with 7% of generative AI founders having studied there.

Persons: Arthur Mensch, Porte de Versailles, Dealroom, Harry Nelis, Europe's, Nelis, Timothee Lacroix, Guillaume Lample, Laurent Sifre, Karl Tuyls, Charles Kantor, Mistral, Accel, —, Lourdes Agapito, Agapito, Matthias Niessner, Victor Riparbelli, Steffen Tjerrild Organizations: Viva Technology, Parc, Chesnot, Getty, Accel, Apple, Google, Microsoft, CNBC, Mistral France Paris, Alpha, Alpha Germany Heidelberg, Face France Paris, France Paris, United, United Kingdom London, Kingdom London, Facebook, Research, Meta, Amazon, Stanford University, British, University College London, UCL, University of Cambridge, France's Ecole Polytechnique Locations: Paris, France, Europe, Israel, Israeli, Alpha Germany, United Kingdom, British, London, France's

☆ Inside Europe's tech hubs: Does London have what it takes to remain No. 1?
▼ + stars: | 2024-06-19 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +32 min

But it will remain a big, big trend. How has if at all, Brexit, affected the U.K. tech scene? Arjun KharpalAre there other challenges at the moment, as you see them to the U.K. tech landscape? I'm gonna go with the amount of VC funding in U.K. tech startups for 2025. Sanjot MalhiI would say that is the amount of funding in U.K. AI startups.

Persons: Tom Chitty, Arjun, we'll, Arjun Kharpal, I've, Sanjot, He's, It's, Tom Chitty I've, we've, it's, Arjun Kharpal Sanjot, fintech, we're, you've, let's, Tom Chitty We're, Franklin Templeton, they're, Masa, Softbank, that's, Arjun Kharpal Sanjay, Emmanuel, Macron, hasn't, who's, Emmanuel Macron, I'm, Sanjot Malhi, Arjun Kharpal That's, Kharpal, Tom Chitty Sanjot Organizations: HSBC Innovation Banking, CNBC, Northzone, Hague Cricket Club, European Union, Competition, Markets Authority, London Stock Exchange, London, Masa, Viva Tech, Mistral, Nvidia Locations: Europe, Dealroom, France, China, London, beyondthevalley@cnbc.com, Netherlands, India, The Hague, Germany, Sweden, North America, Asia, San Francisco, Beijing, Tel Aviv, Bangalore, U.S, British, doesn't, Ukraine, IPOs

☆ Elon Musk has a lot to lose — or gain — based on who wins the presidential election
▼ + stars: | 2024-06-16 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +6 min

While Musk is increasingly flexing his political power, whoever wins the White House could drastically impact the billionaire and his businesses. Here's how things could shake out for Musk under a second Trump administration versus a Biden win. Tusk said Biden doesn't think of Elon as a rival — he probably doesn't think about him at all. Advertisement"On the Trump side, Musk needs to be careful and not go headlong into this. Musk and Biden campaign representatives did not respond to requests for comment from Business Insider.

Persons: —, Elon Musk, it's, hasn't, Musk, Trump, Brian Hughes, Bradley Tusk, Tusk, he'd, You've, Stacey Lee, Johns, Elon, Biden, Joe Biden, Joe Biden's, Lee, it'd, Biden doesn't Organizations: Service, Trump, Business, Wall Street, Biden, Elon, SpaceX, Force, Johns Hopkins Carey Business School Locations: Washington, Paris, United States

☆ Bitcoin miners at Donald Trump's closed-door event say he thinks bitcoin can help win AI arms race
▼ + stars: | 2024-06-13 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +17 min

Less than four hours after Trump's roundtable wrapped, the former president took to social media to extol the virtues of the bitcoin mining business. "Bitcoin mining may be our last line of defense against a CBDC," Trump posted shortly before midnight on Tuesday. "That's where you've got all these ancillary jobs; it's not just the bitcoin mining directly," said Cook. Enter bitcoin miners. Adding bitcoin miners to the portfolio of energy buyers has helped to improve the core economics of renewable power production.

Persons: Donald Trump, Eva Marie Uzcategui, —, New York —, Jason Les, Bitcoin, Bill Hagerty, David Bailey, Trump, Bailey, Sen, Elizabeth Warren, Les, Warren, Geoff Kendrick, bitcoin, Matthew Schultz, Jayson Browder, Brian Hughes, Biden, Harris, Andreessen Horowitz, Ron Conway, Fred Wilson, Cameron, Tyler Winklevoss, Schultz, Browder, CleanSpark, Coke, Chris Cook, Cook, There's, Amanda Fabiano, Fabiano, Marathon's Browder, We've, Exacore's Cook, you've, it's, Digital's Browder Organizations: U.S, Mar, Lago, Trump, Riot, Marathon Digital Holdings, Arkon Energy, Cholla Energy, Exacore, CNBC, Senate's Banking, Finance, China, BTC Inc, Radical Communist, Democratic, Trump —, solana, Internal Revenue Service, Libertarian National Convention, Standard Chartered, Circuits, Government Affairs, Federal Reserve, Biden, U.S . Treasury Department, Republican, NASDAQ, Fabiano Consulting Locations: Lago, West Palm Beach , Florida, New York, Palm Beach , Florida, bitcoin, China, Russia, U.S, America, Washington, San Francisco, Beijing, Marathon, United States, West Texas

☆ Starbucks is teaming up with an Oscar-winning producer to make Hollywood-style movies and series
▼ + stars: | 2024-06-10 | by ( Lucia Moses | ) www.businessinsider.com time to read: +3 min

Read previewAdd Starbucks to the growing list of brands trying to crack Hollywood. The coffee company announced on Monday the creation of Starbucks Studios to create original entertainment. Related storiesIt's working with Sugar23 — the production company headed by Michael Sugar, best known for the Oscar-winning "Spotlight" — to develop projects. Starbucks' forays into original entertainment go back to 2016, when it released "Upstanders," a series of 10 written, video, and podcast stories about people creating positive change. "Starbucks is being very bold with this but really very smart … You can't reach 30 million people on NBC anymore."

Persons: —, Christy Cain, Sugar23, Michael Sugar, Sugar, Trevor Noah's, Max, Ron Howard, Brian Grazer's, Reese Witherspoon's Organizations: Service, Starbucks Studios, Business, InBev, Procter & Gamble, Time Studios, Productions, Amazon's, Tribeca, NBC, Brands, Netflix, Apple Locations: Rwanda

☆ Starbucks is teaming up with an Oscar-winning producer to make movies and series
▼ + stars: | 2024-06-10 | by ( Lucia Moses | ) www.businessinsider.com time to read: +3 min

☆ China, Xi Jinping's Plan for AI Will Wreak Havoc on the World Economy
▼ + stars: | 2024-06-02 | by ( Linette Lopez | ) www.businessinsider.com time to read: +18 min

According to the CCP's plan, by 2020, China was supposed to have "achieved iconic advances in AI models and methods, core devices, high-end equipment, and foundational software." Censorship requirements may slow China's AI development and limit the commercialization of domestic models, but they will not stop Beijing from benefiting from AI where it sees fit. We're not seeing a huge gap between the models Chinese companies have been able to roll out. The current price war is a race to the bottom, similar to what we've seen in the Chinese technology space before. A race to the bottom may simply beggar China's AI ecosystem.

Persons: Xi Jinping, China doesn't, there's, Beijing's, Reva Goujon, We're, It's, ChatGPT, Xie Huanchi, couldn't, you'll, —, Kenneth DeWoskin, it's, Matt Sheehan, they're, chatbot, Sheehan, Ernie Bot, There's, Alibaba, ByteDance's, Paul Triolo, Albright, we've, haven't, DeWoskin, Sam Altman, Elon Musk Organizations: Chinese Communist Party, CCP, Intelligence, Cyberspace Administration, Getty, Freedom, University of Michigan, Deloitte, CAC, Carnegie Endowment, International Peace, Baidu, Bloomberg, Companies, Brookings Institution, Beijing, The Commerce Department Locations: China, Beijing, China's, Hong Kong, Xinhua, , Washington, Brussels, Berlin, Taiwan, US, Xinjiang

☆ A short seller with a more-than-90% win ratio shares the only 4 investments he buys and holds long term
▼ + stars: | 2024-06-01 | by ( Laila Maidan | ) www.businessinsider.com time to read: +6 min

It's a more aggressive approach than many investors employ, because being a short seller is infinitely more risky than buying shares. But when you short, the potential loss is unlimited because there's no guarantee a stock's price will fall; it could instead rally to extreme highs. These variables include low institutional ownership, low cash reserves, and market caps smaller than $250 million, among other characteristics that could signal a vulnerable stock. Uber (UBER) is another stock he really likes, although he allocates less toward it because it's a newer company. But everywhere I go, there's Uber.

Persons: David Capablanca, Capablanca, there's Uber Organizations: Service, Business, Trust, Nasdaq, Capablanca, Apple Locations: Argentina, Galapagos, Columbia, Italy, India

☆ Big Tech is eating as much data as it can to win in AI — but it's not 'winner takes all,' CEO says
▼ + stars: | 2024-05-08 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

Matt Calkins, CEO and co-founder of Appian, said that though internet giants like Microsoft , Amazon , and Google are spending billions on the tech, ensuring success in AI is "not just about money." "AI is not a place where money makes more money," Calkins told CNBC in an interview at its London bureau on Tuesday. Microsoft has struck a similar deal with Mistral, taking a 15 million euro ($16 million) stake in the French AI firm. Separately, Amazon has invested a whopping $4 billion into U.S. AI firm Anthropic, which is behind the Claude AI system. "The best AI will be the AI you put your data into, not whoever bought the biggest stack," he said.

Persons: Matt Calkins, Appian, Calkins, Sam Altman, Altman, Claude, you've, —, Sundar Pichai Organizations: Microsoft, Google, CNBC, Mistral, Amazon, OpenAI, Anthropic, British Locations: London, OpenAI, Redmond, Washington, French, Anthropic, Europe

☆ A Harvard Medical School professor with ADHD shares how he retrained his brain for deep work and reached peak productivity
▼ + stars: | 2024-04-17 | by ( Dr. Jeffery Karp | ) www.businessinsider.com time to read: +10 min

Using two tactics to retrain his brain, Karp gained confidence and pursued a career in academia. The MIT and Harvard professor shares the benefits of working in a flow state in his new book. Though I still struggle every day in various ways, I'm grateful to be able to say that these LIT tools enabled me to meet and far exceed those dismal early expectations. AdvertisementYou're never too old to charge your brain this way, and most definitely no one is ever too young. In fact, LIT tools can be lifesavers for kids, as they were for me.

Persons: Jeffery Karp, Karp, —, Eric Kandel, you've, we're, I've, they've, Jeff Karp, William Morrow, Jeffrey Michael Karp Organizations: MIT, Harvard, Service, Harvard Medical School, National Academy of Inventors, Royal Society of Chemistry, American Institute for Medical, Biological Engineering's College of Fellows, Biomedical Engineering Society, Canadian Academy of Engineering, Karp Lab, Center, Medical Locations: Canada, playbook, LIT

☆ Inside Lilium, the German company trying to revolutionize air travel
▼ + stars: | 2024-04-12 | by ( Arjun Kharpal | Cristy Garratt | ) www.cnbc.com time to read: +2 min

German aerospace company Lilium wants to revolutionize air travel with its electric vertical take-off and landing (eVTOL) jet. "Revolutionize means make it absolutely zero emission," Lilium CEO Klaus Roewe told CNBC Tech in an interview. "We want to make a regional plane that has a decent transport capacity to have a meaningful effect on CO2 emission reduction." Less than a decade after being founded by four university students, the group is now one of Europe's leading eVTOL companies. Lilium, which is backed by the likes of China's Tencent and Earlybird Venture Capital, has started taking orders from the premium market.

Persons: Klaus Roewe, Lilium, Roewe, China's, Daniel Wiegand, Lilium's, Wiegand Organizations: CNBC Tech, Earlybird Venture, eVTOL Aircraft Locations: Weßling, Bavaria

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