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☆ Microsoft and other tech giants' AI capex is not sustainable: Analyst
▼ + stars: | 2024-07-31 | 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 EmailMicrosoft and other tech giants' AI capex is not sustainable: AnalystGil Luria of D.A. Davidson says that customer demand for AI services is continuing to drive Microsoft and other hyperscalers' unsustainable levels of spending.

Persons: Gil Luria of D.A, Davidson Organizations: Microsoft

☆ Facebook marketing partner on the potential slowdown in digital ads
▼ + stars: | 2024-07-25 | 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 EmailFacebook marketing partner on the potential slowdown in digital adsGil David, Owner of Run DMG, discusses a potential slowdown in the digital advertising market following results from Alphabet.

Persons: Gil David Organizations: DMG

☆ Middle East Crisis Israeli Forces Retrieve Bodies of 5 Hostages From Gaza
▼ + stars: | 2024-07-25 | by ( Aaron Boxerman | Lauren Leatherby | ) www.nytimes.com time to read: +4 min

The Israeli military said that the bodies were found in the Khan Younis area on Wednesday. Israeli forces retrieved the bodies of five Israeli hostages held in Gaza, the Israeli military said on Thursday, amid growing international pressure for a cease-fire deal that would involve the release of the remaining captives. The Israeli leader has been facing increasing anger from Israelis over the fate of the hostages in Gaza. The Israeli military said that the bodies were found in the Khan Younis area on Wednesday and that intelligence — including information from detained Palestinian militants — had guided forces to their location. “The war in Gaza could end tomorrow if Hamas surrenders, disarms and returns all the hostages,” Mr. Netanyahu said during his address to Congress on Wednesday.

Persons: Khan Younis, Younis, Benjamin Netanyahu, Biden, Kamala Harris, — Maya Goren, Tomer Ahimas, Kiril Brodski, Oren Goldin, Ravid Katz, Brodski, Ahimas, —, Goren, Nir Oz, Katz, . Goldin, Tal Haimi, Netanyahu’s, ” Mr, Netanyahu, Nissim Kalderon, Ofer, Mr, hesitating, “, ‘, you’re, Kalderon, “ Benjamin Netanyahu, ”, Gil Dickmann, Carmel Gat, ” Rawan Sheikh Ahmad Organizations: White, United Nations Security, Capitol Police Locations: Gaza, Israel, Washington, Tel Aviv, Be’eri

☆ Mediterranean diet found to improve children’s heart health, study finds
▼ + stars: | 2024-07-15 | by ( Taylor Nicioli | ) edition.cnn.com time to read: +6 min

CNN —The Mediterranean diet has been linked to many health benefits for adults. Now, a new study suggests it could be beneficial to children’s heart health as well. Here’s how parents and guardians could help their children benefit from the Mediterranean eating plan, according to experts. The Mediterranean diet is a way of eating that includes plant-based cooking with an emphasis on healthy fats. “The growing research shows the value (in the Mediterranean diet) to be the same for children and adolescents (as in adults),” Muth said.

Persons: ”, José Francisco López, Gil, Stuart Berger, Robert H, Lurie, Berger, Natalie Muth, Muth, Tamara Hannon, Hannon, “, ” Berger, ” Muth Organizations: CNN, JAMA, Health Research, University of, Ann, Lurie Children’s Hospital of Chicago, American Academy of Pediatrics, Care Medical Group, Northwestern University’s Feinberg School of Medicine, Riley Hospital for Children, Indiana University Health, Indiana University School of Medicine Locations: Americas, Quito, Ecuador, San Diego, Chicago, Indianapolis

☆ Israel’s Netzah Yehuda: How an army unit deemed abusive by the US is shaping the fight in Gaza
▼ + stars: | 2024-07-13 | by ( Cnn S International Investigations Team | ) edition.cnn.com time to read: +25 min

In this 2014 photo, Israeli soldiers in the Netzah Yehuda battalion are seen taking part in training in the Israeli-controlled Golan Heights, near the Syrian border. While he was in Netzah Yehuda, he said, the battalion’s commanders played a key role in perpetuating a culture of violence, both by standing by as it happened and promoting it. The findings by the expert panel would have been enough to disqualify a military unit from any other country, the officials said. Lt. Col. Nitai Okashi oversaw the Netzah Yehuda battalion from 2018 to 2020. Lt. Col. Uri Levy was in charge of Netzah Yehuda from 2014 to 2016.

Persons: Yehuda, Menahem Kahana, Benjamin Netanyahu, Antony Blinken, Mike Johnson, Israel “, Blinken, Netzah Yehuda, –, ” Charles Blaha, they’re, ”, “, Biden, Israel, Netzah, Ahmad Jamil Fahd, Sanad, Shin Bet, Gil Cohen, Josh Paul, Paul, CNN’s Christiane Amanpour, Amanpour, ” Paul, Eyad Baba, Joe Biden, Leahy, Sen, Patrick Leahy, Charles Blaha, Blaha, Omar Assad, Assad, Netzah Yehuda –, Mati Shevach, Nasser Nasser, ” Blaha, Shevach, Nitai Okashi, Okashi, Der Spiegel, , Uri Levy, Levy, Johnson, don’t, ” Netzah Yehuda, Col, Shlomo Shiran, Katie Polglase, Benjamin Brown, Barbara Arvanitidis, Alex Platt, Mark Baron, Augusta Anthony, Alberto Mier, Toby Hancock, Gianluca Mezzofiore, Laura Smith, Eliza Mackintosh, Dan Wright, Matt Wells Ami Kaufman, Jennifer Hansler Organizations: CNN, West Bank, Israel Defense Forces, US State Department, State Department, Getty, IDF, State Department’s Office, Security, Human Rights CNN, Congress, Department, Israel Border Police, Internal Security Forces, ” CNN, Israeli Air Force Base, Magen, State, Human, Kfir Brigade, AP, Netzah, Urban Warfare Training Center, CBS, Battalion, Kfir Infantry Brigade, West Bank ., Jerusalem Brigade, Britain’s Guardian, Okashi, Israeli, Augusta Anthony Visual Locations: Israeli, United States, Gaza, Golan, Syrian, AFP, Palestinian, Israel, Ramallah, Rahat, Jerusalem, Jiljilya, Col, West Bank, Jiljiliya, Beit Hanoun

☆ Investors want proof AI will aid drug discovery. Evidence may come in the second half
▼ + stars: | 2024-07-06 | by ( Christina Cheddar Berk | In | ) www.cnbc.com time to read: +10 min

Analysts who have been following companies on the cutting edge of using generative AI for drug discovery say it is still very early days. But these endorsements haven't lifted Recursion shares out of a slump. RXRX 1Y mountain Recursion shares over the past year. The drug company will be a beta user of Recursion's LOWE (Large Language Model-Orchestrated Workflow Engine) and the pair are also partnering on oncology research. SDGR 1Y mountain Schrodinger shares over the past year.

Persons: Scott Schoenhaus, Chris Gibson, Jensen Huang, Leerink, Mani Foroohar, Foroohar, Recursion's, KeyBanc's Schoenhaus, Needham, Gil Blum, it's, Recursion's LOWE, Blum, Eli Lilly, AbCellera, KeyBanc's, Schoenhaus, FactSet, Allison Bratzel, Piper Sandler, Goldman Sachs, Salveen Richter, Peter Lawson, Lawson, Japan's Takeda, Schrodinger, Leerink's Foroohar Organizations: Analysts, Capital, Nvidia, ARK Investment Management, REC, CCM, Union, Bayer, Therapeutics, Dynamo, RLY, Barclays, Japan's Locations: U.S, biopharma, Biohive

☆ Hezbollah fires more than 200 missiles at Israeli targets following killing of commander
▼ + stars: | 2024-07-04 | by ( Sophie Tanno | Mick Krever | ) edition.cnn.com time to read: +2 min

CNN —Hezbollah said that it fired more than 200 missiles at Israeli military sites in retaliation for the killing of one of its senior commanders in southern Lebanon. “Together, they served as two of the most significant Hezbollah terrorists in southern Lebanon,” the IDF said. In response to the killing, Hezbollah on Thursday said it had launched “more than 200 missiles of various types” at Israeli targets. The Israeli military said that it intercepted some of those Hezbollah missiles, as well as drones. In response to those strikes, the IDF said their fighter jets have struck Hezbollah targets in southern Lebanon overnight Wednesday into Thursday.

Persons: Muhammed Neamah Naser, ”, Sami Taleb Abdullah, Naser, Gil Eliyahu Organizations: CNN, Hezbollah’s, Israel Defense Forces, IDF Locations: Lebanon, Gaza, Israel, Golan, Iran

☆ Israel may soon draft ultra-Orthodox Jews. What does it mean for the war and Netanyahu?
▼ + stars: | 2024-06-25 | by ( Mick Krever | ) edition.cnn.com time to read: +8 min

CNN —The Israeli Supreme Court issued a ruling on Tuesday ordering the government to draft ultra-Orthodox Jews into the military. Since Israel’s founding, ultra-Orthodox Jews have been exempt from mandatory military service. Some do, but far fewer than most Israeli Jews. Technically, the military service exemption applied to young men who were actively studying at a yeshiva. In essence, the court said that the ultra-Orthodox could not be treated differently from other Israeli Jews.

Persons: –, “, Staff Herzi Halevi, ” Gilad Malach, ”, General Gil Limon, Netanyahu Organizations: CNN, Israel Democracy Institute, Shas, Israel Defense Forces ’, Staff, IDF, United, Likud Locations: Israel, Gaza, Lebanon

☆ Decagon raises $35 million from Accel and A16z to build AI customer support agents. Here's an exclusive look at the pitch deck it used.
▼ + stars: | 2024-06-18 | by ( Sri Muppidi | ) www.businessinsider.com time to read: +1 min

AI startup Decagon builds AI agents to automate customer support for enterprise customers. Founded in July 2023, Decagon uses generative AI to automate customer support for enterprise customers. The company has emerged from stealth and raised $35 million in funding for its seed and Series A rounds. Accel led the company's $30 million Series A, with participation from Andreessen Horowitz, A*, and Elad Gil. A16z led the company's $5 million seed round.

Persons: Andreessen Horowitz, —, Jesse Zhang, Ashwin Sreenivas, Zhang, Elad Gil, A16z, Decagon, Aaron Levie, Howie Liu Organizations: Accel, Service, Decagon, Business

☆ Kylian Mbappe fractures nose for France at Euro 2024, will wear mask to return to play
▼ + stars: | 2024-06-17 | by ( Ali Rampling | Oliver Kay | ) www.nytimes.com time to read: +4 min

Kylian Mbappe suffered a fractured nose during France’s Euro 2024 win over Austria on Monday but will not undergo surgery at this time. AdvertisementThe 25-year-old was seen bleeding heavily from his nose as he was attended to by medical staff on the pitch. — Kylian Mbappé (@KMbappe) June 17, 2024Speaking before the diagnosis was confirmed head coach Didier Deschamps acknowledged the blow that losing Mbappe to injury would be for his side. Asked by French television channel TF1 if the fear was a broken nose, he said: “Apparently yes, his nose is not good at all. It’s so intense.”GO DEEPER The Briefing: Austria 0 France 1 - Mbappe's bloodied nose, pitch problems, Deschamps' dilemma(Michael Regan – UEFA/UEFA via Getty Images)

Persons: Kylian Mbappe, Kevin Danso, Mbappe, Des idées Organizations: Austria, Real, Dusseldorf Locations: Real Madrid, France, Netherlands

☆ The $10 Trillion bull fight: Apple versus Microsoft versus Nvidia
▼ + stars: | 2024-06-17 | 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 EmailThe $10 Trillion bull fight: Apple versus Microsoft versus NvidiaGil Luria, D.A Davidson senior software analyst; Joel Fishbein, Truist software & cloud technology analyst; and Christopher Rolland, Susquehanna Financial Group senior semiconductor analyst, join 'Power Lunch' to discuss Apple, Microsoft, and Nvidia.

Persons: Nvidia Gil Luria, D.A, Joel Fishbein, Christopher Rolland Organizations: Apple, Microsoft, Nvidia, D.A Davidson, Susquehanna Financial Group

☆ Wall Street expects Apple's AI updates to power a strong upgrade cycle
▼ + stars: | 2024-06-11 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Davidson's Gil Luria to upgrade shares to a buy. Apple shares have lagged major technology peers this year due in part to its failure to share a clear-cut AI plan. Goldman Sachs analyst Michael Ng was "encouraged by the financial implications" of the announcements, noting that new product features should help fuel an iPhone upgrade cycle . Lingering skepticism To be sure, other analysts worry that Apple's AI prospects may not be enough to power significant upgrades. "Contrary to consensus, we maintain the view that Apple's AI strategy will not lead to a significant iPhone upgrade cycle this fall."

Persons: Tim Cook, Siri, D.A, Davidson's Gil Luria, Luria, Goldman Sachs, Michael Ng, Morgan Stanley's Erik Woodring, Woodring, Toni Sacconaghi, Atif Malik, OpenAI, Evercore ISI's Amit Daryanani, Apple's, David Vogt, Tim Long, Long Organizations: Apple, Worldwide, Apple Intelligence, Napster, Citigroup, UBS, Barclays

☆ Davidson upgrades Apple, says iPhone maker will be first to get people to really use AI
▼ + stars: | 2024-06-11 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Davidson thinks the artificial intelligence plans Apple unveiled on Monday will lead to a new era for the iPhone and open up possibilities for the tech company as it asserts itself in the AI race. Analyst Gil Luria upgraded Apple to buy and raised his price target to $230 per share from $200, which suggests a roughly 19% upside from Monday's $193.12 close. Luria's upgrade comes on the heels of Apple's announcement of its long-awaited generative AI initiatives , which it calls "Apple Intelligence," at its Worldwide Developers Conference, or WWDC, on Monday. That could lead to a much-needed iPhone upgrade cycle, Luria said, raising his fiscal year 2025 estimates above consensus on the expectation of an AI-driven boost for the smartphone maker. "Importantly, Apple is uniquely positioned to offer these capabilities, and may be the only one capable of doing so any time soon," Luria added.

Persons: D.A, Davidson, Gil Luria, Max, Luria, Apple, Siri Organizations: Apple, Apple Intelligence, Worldwide Developers Conference, Napster

☆ Apple needs to make the iPhone cool again. Tomorrow is its chance
▼ + stars: | 2024-06-09 | by ( Clare Duffy | ) edition.cnn.com time to read: +5 min

And no product is more important to Apple than the iPhone. New AI features that provide a compelling reason to upgrade when Apple rolls out the iPhone 16 in the fall could boost the company at a crucial time. Here’s the thing: No matter how Monday goes, Apple isn’t losing its status as a tech powerhouse anytime soon. The latter scenario — assuming the features are compelling — could spur the next major iPhone upgrade cycle and have ripple effects for the entire company. “That’s the key: if it’s compelling and not backward-compatible, Apple will have the first upgrade cycle in four years,” Luria said.

Persons: they’ve, Apple isn’t, D.A, Davidson, Gil Luria, Gadjo Sevilla, “, Siri, Luria, ” Luria Organizations: New, New York CNN, Apple, CNN, ”, Nvidia, Microsoft, eMarketer, iOS, Samsung Locations: New York, China, WWDC

☆ Craft cocktails, mountain bikes and art: Walmart's hometown is booming, and getting more expensive
▼ + stars: | 2024-06-06 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +13 min

— When Gil Curren's family moved into a run-down farmhouse in Walmart's hometown of Bentonville, Arkansas, in 1971, the now-retail giant wasn't yet a decade old. Craft cocktails, hipster coffee shops and chef-driven restaurants have popped up around the city. Realtor Kristen Boozman, who works for Sotheby's, helps clients search for homes in the Bentonville area, including many buyers who are relocating from another city. Home values have shot up in the Bentonville area. A Walmart spokeswoman said the Walton Family Foundation funds and advocates for affordable housing projects in the Bentonville area.

Persons: Gil Curren's, it's, Sue, Gil Curren, Melissa Repko, Hunt, Tyson, Shawn Baldwin, Sam Walton, Walton, Walton's, Steuart, Tom Walton, Sam Walton's, Alice Walton, Bridges, She's, Crystal Bridges, Kristen Boozman, There's, Donna Morris, Morris, Tracy Robinson, she's, CNBC Tracy Robinson, Robinson, Stanley, Matthew Cooper, Tom, Cooper, he's, district's, It's, Jeff Webster, Bentonville Shawn Baldwin Organizations: Cyclists, Kansas City, CNBC, Walmart, Craft, Fortune, Tyson Foods, PepsiCo, Hershey, Mattel, . Census, Cushman &, Sage Partners, of Commerce, Northwest Arkansas Council, D.C, Ropeswing Hospitality, Bentonville Schools, Excellerate Foundation, Walton Family Foundation, Walton Family, Bentonville Locations: BENTONVILLE, Ark, Walmart's, Bentonville , Arkansas, Bentonville, Kansas, Austin , Texas, New York, U.S, Silicon, It's, Arkansas, Cushman & Wakefield, American, Crystal, Austin, Boise , Idaho, Dallas, Fort Worth, Atlanta, Toronto, New York City, Miami, Washington, New York City , Washington, Bentonville's

☆ Check Point CEO on state of cyber security and protecting data through AI
▼ + stars: | 2024-06-03 | 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 EmailCheck Point CEO on state of cyber security and protecting data through AIGil Shwed, Founder and CEO of Check Point Software Technologies, discusses the cyber security market and the use of artificial intelligence in product development.

Persons: Gil Shwed Organizations: Software Technologies

☆ Israel-Gaza War: Live Updates
▼ + stars: | 2024-06-02 | by ( Aaron Boxerman | Mike Ives | ) www.nytimes.com time to read: +6 min

Two Israeli officials confirmed that Mr. Biden’s proposal matched an Israeli cease-fire proposal that had been greenlit by Israel’s war cabinet. “Put your money where your mouth is.”But at home, Mr. Netanyahu faces a host of competing pressures. Yair Lapid, the leader of Israel’s parliamentary opposition, also urged Mr. Netanyahu to take the deal as outlined by Mr. Biden. He repeated that his party would back Mr. Netanyahu’s government if hard-liners like Mr. Ben-Gvir, the national security minister, left over a hostage release deal. Political analysts said Mr. Netanyahu has tried to avoid that scenario, as it would make him dependent on some of his harshest critics.

Persons: Biden, Benjamin Netanyahu, Israel, Netanyahu, Netanyahu’s, Biden’s, ” Mr, Mr, — Bezalel Smotrich, Itamar Ben, Gvir, Ben, ”, “ Biden, ‘, Uzi Arad, “, Cheriss, Gil Dickmann, Carmel Gat, Kibbutz, Dickmann, Benny Gantz, Gantz, Yair Lapid, Mr . Biden Organizations: Hamas, ”, Gaza Health Ministry, Palestinian, White, ., The New York Times, Kibbutz Be’eri, Mr Locations: Israel, Gaza, Tel Aviv

☆ European Super League: Spanish court orders FIFA and UEFA to stop anticompetitive conduct in ESL case
▼ + stars: | 2024-05-28 | by ( Sammy Mncwabe | ) edition.cnn.com time to read: +3 min

CNN —A Spanish court ordered FIFA and UEFA to stop anticompetitive conduct in their opposition of the breakaway European Super League (ESL) in a ruling on Monday. However, in response to the ruling, UEFA said “the court has not given the green light to, nor has it approved, projects like the Super League.”A newsagent shows two pages of the main Italian sports newspapers with a headline regarding the Super League reading 'No!' Laura Lezza/Getty Images“In fact, the judge has asserted that the Super League project has long been abandoned and that she cannot be expected to rule on any abstract projects. FIFA and UEFA can appeal the ruling to a separate section of the Madrid Provincial Court. The Spanish court’s ruling comes just days before UEFA’s showpiece Champions League final between 14-time winner Real and Borussia Dortmund at Wembley Stadium on Saturday.

Persons: Judge Sofía Gil García, “, ’, ”, Bernd Reichart, ” Reichart, Laura Lezza, Fran Santiago Organizations: CNN, FIFA, UEFA, Super League, European, Justice, European Union, ESL, CNN Sport, Madrid Provincial Court, Europe’s, League, Real Madrid, Getty, Real, Borussia Dortmund, Wembley Locations: Europe, Madrid, Spanish, Barcelona, Spain, Barça

☆ Here’s why we eat popcorn at the movies
▼ + stars: | 2024-05-25 | by ( Alicia Wallace | ) edition.cnn.com time to read: +11 min

But the perfect (and very profitable) pairing of today wasn’t always the case: For many years, movie theaters wanted nothing to do with the snack. People watch movies in a newly reopened AMC River East theater on Aug. 20, 2020, in Chicago. Popular movies often bring collectible cups and popcorn buckets, or, in industry-speak, Collectible Concession Vehicles (CCVs). The cinema business will continue to evolve, but one thing will remain constant, said Gil of Queen’s University. “Theaters will stop playing movies before they will actually stop selling popcorn.”

Persons: “, Fred Astaire, Ginger Rogers, ” Paul Dergarabedian, Andrew F, ” Smith, Cracker Jack, ”, Smith, ’ ” Smith, hawkers, Peter Stackpole, John Aitkin, John Sr, Aitkin, Alicia Wallace, CNN It’s, Loren Williams, Alicia Reese, Ricard Gil, Jason Wambsgans, Gil, Wedbush’s Reese, Red Robin, ” Nels Storm, Garfield ”, Cory Ryan, Heather Morgan, Alamo’s, ” Andrew Sherburne, Christian Meoli, Camilla Meoli, ” Gil Organizations: Minneapolis CNN, CNN, AMC, Exposition, Bettmann, Riverview, “, Riverview Theater, Wedbush, Queen’s University, Chicago Tribune, Tribune, Service, Waffle, AMC Theatres ’, Walmart, Kroger, Alamo, University of Iowa’s, Cinemas Locations: Minneapolis, America, New England, South America, Philadelphia, Texas, South Minneapolis, Riverview, “ Kingdom, Canada, Chicago, Brooklyn , New York, Iowa City , Iowa, Seattle, Emerald, California

☆ Why one analyst sees a 20% drop for Nvidia stock in the next 18 months
▼ + stars: | 2024-05-24 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Nvidia stock can't keep climbing forever, according to DA Davidson analyst Gil Luria. The Wall Street veteran sees a decline of as much as 20% in Nvidia stock in the next few years. That trend will falter, Luria predicts, and he says he's anticipating a double-digit decline for the chip maker's stock within the next 18 months. Advertisement"My estimates for 2026 are the lowest on the Street," Luria said. AdvertisementLuria has warned of a long-term decline for Nvidia stock for months, though investors are still feeling pretty bullish.

Persons: Gil Luria, —, who's, Luria, It's, Tesla Organizations: Wall Street, Nvidia, Service

☆ Amazon’s new cloud boss inherits a business under pressure to keep pace in AI
▼ + stars: | 2024-05-23 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +12 min

"It's very early days in generative AI," said Jassy, who succeeded Jeff Bezos as CEO in 2021. Davidson, told CNBC that Amazon was "caught flat-footed" by the generative AI boom. During a Q&A session on Wednesday, Jassy was asked twice about the status of Amazon's generative AI efforts. He said the company is "seeing a lot of momentum" in generative AI within AWS to where it's now a multibillion-dollar business based on annualized revenue. Amazon has previously said it intends to use generative AI to make Alexa more conversational.

Persons: Noah Berger, Andy Jassy, OpenAI's ChatGPT, Adam Selipsky, Jassy, Jeff Bezos, Matt Garman, Gil Luria, Davidson, Luria, Bezos, Selipsky, Casey McGee, McGee, Anthropic, Dario Amodei, OpenAI, it's, Garman, Amazon, wasn't, Dilip Kumar, Kumar, Swami Sivasubramanian, Jamie Meyers, Meyers, Matt, Jordan Novet, Kate Rooney Organizations: Web Services, Getty, Amazon, Microsoft, Google, D.A, CNBC, Amazon Web, Alexa, AWS, Nvidia, ChatGPT, Accenture, Toyota, Nasdaq, Investments Locations: Las Vegas, Vegas, Bezos, Anthropic

☆ Amazon, Meta back Scale AI in $1 billion funding deal that values firm at $14 billion
▼ + stars: | 2024-05-21 | by ( Riley De León | ) www.cnbc.com time to read: +1 min

Artificial intelligence startup Scale AI said Tuesday that it has raised $1 billion in a Series F funding round that values the enterprise tech company at $13.8 billion — almost double its last reported valuation. 12 on this year's CNBC Disruptor 50 list, has now raised $1.6 billion to date. Existing investors including Y Combinator, Nat Friedman, Index Ventures, Founders Fund, Coatue, Thrive Capital, Spark Capital, Nvidia, Tiger Global Management, Greenoaks, and Wellington Management also participated in the round. Scale AI is playing a key role in the rise of generative artificial intelligence and large language models, with the data — whether it is text, images, video or voice recordings — needing to be labeled correctly before it can be digested and used effectively by AI technology. Scale AI has evolved from labeling data used to train models that powered autonomous driving to now helping to improve and fine tune the underlying data for nearly any organization looking to implement AI, powering some of the most advanced models in use.

Persons: Elad Gil, Y Combinator, Nat Friedman, Alexandr Wang Organizations: CNBC, Accel, Cisco Investments, Intel Capital, ServiceNow Ventures, AMD Ventures, WCM, Color Genomics, Meta, Ventures, Founders Fund, Spark Capital, Nvidia, Tiger Global Management, Wellington Management Locations: San Francisco, AGI

Read previewWall Street is investing big in artificial intelligence — and that's good news for machine-learning engineers and other tech talent. Hirsch said that investment banks are hiring AI engineers to build in-house tools that they can use "across their trading, research, and risk-management functions." The 8 banks reviewed are JPMorgan Chase, Bank of America, UBS, Citibank, Barclays, Deutsche Bank, Goldman Sachs, and Morgan Stanley. We pulled data for roles containing keywords like "AI," "data science," "machine learning," and "prompt." AdvertisementCheck out data-science and AI salaries for JPMorgan, Goldman Sachs, Citi, Bank of America, and other investment banks:

Persons: —, JPMorgan Chase, Jamie Dimon, Dimon, Gil Perez, Giancarlo Hirsch, Hirsch, Goldman Sachs, Morgan Stanley Organizations: Service, JPMorgan, Business, Deutsche Bank, Wall, of Foreign Labor, JPMorgan Chase, Bank of America, UBS, Citibank, Barclays, Department, Labor, Citi Locations: America

☆ Nvidia's rally will run out of steam next year as the chip giant's customers become competitors, analyst says
▼ + stars: | 2024-05-15 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The DA Davidson analyst has predicted as much as a 20% decline in Nvidia stock by the end of the year. Nvidia's largest customers could turn into competition as they develop their own AI chips, Luria warned. AdvertisementMost of Nvidia's business comes from its five largest customers, Luria said, which include Amazon, Meta, Microsoft, Alphabet, and Tesla. And while some of Nvidia's customers are stockpiling its GPUs, demand is bound to run out eventually, Luria previously told Bloomberg, as firms can only accumulate so many chips. AdvertisementLuria has among few forecasters who are bearish on Nvidia stock.

Persons: Gil Luria, Davidson, Luria, —, BNN, That's Organizations: Service, Nvidia, BNN Bloomberg, Meta, Microsoft, Tesla, Apple, Bloomberg

☆ A flood of crypto tokens with names referencing GameStop and famed trader Roaring Kitty have been created in the last 24 hours as developers try to ride a meme-coin resurgence
▼ + stars: | 2024-05-13 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

The social media return of Keith Gill, aka "Roaring Kitty," has sparked a flood of crypto meme tokens. Microcap meme tokens with names like "GME" and "Roar" have soared more than 1,000%. Most of the tokens were created in the past 24 hours as developers try to capitalize on the spike of interest. Another meme token created on the Solana network is "GIL", which was created early Monday morning and soared more than 4,000% on total volume of about $7 million. "ROAR" is another Solana-based meme token that was created Sunday evening and is trading up 1,856% on total volume of about $12 million.

Persons: Keith Gill, —, Keith Gill's, GIL, KITTY, Gill Organizations: Service, Solana, GameStop, AMC Entertainment Locations: Solana

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