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☆ Samsung chief Lee Jae-yong acquitted in 2015 merger case
▼ + stars: | 2024-02-05 | by ( Yoonjung Seo | ) edition.cnn.com time to read: +1 min

Seoul CNN —Samsung chief Lee Jae-yong was found not guilty by a Seoul court on Monday on charges of stock manipulation and accounting fraud connected to a controversial merger in 2015 of two Samsung affiliates. The acquittal comes as a major relief to the chairman of Samsung Electronics, who has been embroiled in legal problems for years. They alleged that the merger of the two firms allowed Lee to gain a tighter grip on Samsung Electronics, the group’s flagship company. “Even if Lee’s control has been strengthened, the merger in this case cannot be considered unfair, as long as there is a reasonable purpose for the merger,” Park said. He added the decision will “lead to lowering the confidence of foreign investors in the Korean legal system and the soundness of the Korean capital market.”

Persons: Lee Jae, Lee, Park Jeong, ” Organizations: Seoul CNN — Samsung, Samsung, Samsung Electronics, Cheil Industries, Seoul, District Court, Seoul National University, CNN Locations: Seoul

☆ Samsung chief Lee cleared of charges in 2015 merger case
▼ + stars: | 2024-02-05 | by ( ) www.cnbc.com time to read: +1 min

Samsung Electronics Co. Executive Chairman Lee Jae-yong leaves after attending a final decision at the Seoul Central District Court on Feb. 05, 2024 in Seoul, South Korea. Seoul Central District Court acquits Samsung Electronics Co. Executive Chairman Lee Jae-yong in controversial 2015 merger case. Samsung Electronics Chairman Jay Y. Lee was found not guilty by a Seoul court on Monday in a case related to irregularities in a 2015 merger of Samsung affiliates that prosecutors said was designed to cement his control of the tech group. Lee denied wrongdoing, arguing that he and other executives acted on the belief the merger would benefit shareholders. The sentence prevents a return to jail for Lee who was convicted in 2017 of bribing a friend of former President Park Geun-hye.

Persons: Lee Jae, Jay Y, Lee, Prosecutors, Park, Yoon Suk Organizations: Samsung Electronics Co, Seoul Central, Court, Samsung Electronics, Samsung Locations: Seoul, South Korea

☆ Samsung Chief Lee Cleared of Charges in 2015 Merger Case
▼ + stars: | 2024-02-05 | by ( Feb. | At A.M. | ) www.usnews.com time to read: 1 min

SEOUL (Reuters) - Samsung Electronics Chairman Jay Y. Lee was found not guilty by a Seoul court on Monday in a case related to irregularities in a 2015 merger of Samsung affiliates that prosecutors said was designed to cement his control of the tech group.

Persons: Jay Y, Lee Organizations: Samsung Electronics, Samsung Locations: SEOUL, Seoul

☆ 8 more of our stocks report earnings next week. Here's what we want to see
▼ + stars: | 2024-02-03 | by ( Zev Fima | ) www.cnbc.com time to read: +13 min

The three major averages posted gains for the fourth week in row, lifted by strong quarterly earnings results for most of the Big Tech companies and a strong jobs report. A weaker ADP Employment report on Wednesday provided no read-through to the monster January jobs report Friday. Here's what we're keeping an eye on in the coming week: 1. Earnings: It's another big earnings week head for the portfolio, with 8 more of our companies reporting. Consistency is what we appreciate most from nat gas giant Linde , so we're hoping for another quarter of solid earnings growth Tuesday.

Persons: Estee Lauder, Eli Lilly, Mounjaro, Nelson Peltz, Estée Lauder, Tyson, CARR, Jacobs, Willis Towers Watson, Edwards, Walt Disney, Oscar Health, Philip Morris, Armour, BAX, BILL, Jim Cramer's, Jim Cramer, Jim, George Frey Organizations: Big Tech, Dow Jones Industrial, Nasdaq, PMI, Apple, Starbucks, Procter, Gamble, GE Healthcare, DuPont, Linde, Ford, General Motors, Trian Partners, Disney, ESPN, Wynn Resorts, Wynn, Vegas, Prix, Estée Lauder Companies, Caterpillar, McDonalds Corp, Allegiant Travel, Bowlero Corp, Tyson Foods, TSN, Air Products & Chemicals, IDEXX Laboratories, CNA Financial Corp, CNA, Timken Company, Graham Corporation, Mesa Laboratories, Sphere Entertainment, Loews Corp, Technologies, Vertex Pharmaceuticals, Semiconductors, Simon Property Group, Amkor Technology, FMC Corporation, FMC, BellRing Brands, Crown Holdings, ChampionX Corporation, Golub Capital BDC, Flexsteel Industries, Kilroy Realty Corp, Gladstone Capital Corp, Unibanco, S.A, Snack Foods Corp, Kimball Electronics, Skyline Corp, Cabot Corporation, Simpson Manufacturing Co, Varonis Systems, Co, GE HealthCare, Linde plc, LIN, Spotify Technology S.A, BP, Hertz Global Holdings, AeroSystems Holdings, Toyota Motor Corp, Cummins, CMI, Software Technologies, AGCO Corporation, Carrier Global Corporation, Lear Corp, CONSOL Energy, Centene Corporation, Gartner, Arcbest Corp, CTS Corporation, Energizer Holdings, Hamilton Lane Incorporated, KKR, Precision Drilling Corporation, Frontier Group Holdings, Waters Corp, Alfa Laval, Aramark Holdings Corp, FirstService Corporation, Garden Sports Corp, New Jersey Resources Corp, nVent Electric plc, PJT Partners, Resources, Sensata Technologies, Ford Motor Company, Enphase Energy, Grill, VF Corp, Edwards Lifesciences Corp, Gilead Sciences, Lumen Technologies, Cognizant Technology Solutions Corp, Weatherford International plc, Amcor plc, Arrowhead Pharmaceuticals, Advanced Energy Industries, Uber Technologies, CVS Health, Roblox Corporation, Ares Capital Corp, Bunge, XPO Logistics, Scotts Miracle, Gro Company, Berry Global, Flex LNG, Equinor ASA, Griffon Corporation, OneMain Holdings, Brookfield Asset Management, Emerson Electric Co, Hilton Worldwide Holdings, Reynolds Consumer Products, Silicon Laboratories, Brands, Sciences, CDW Corp, Fox Corporation, WYNN, PayPal, Arm Holdings plc, ARM, Axcelis Technologies, Mattel, Paycom, Annaly Capital Management, McKesson Corp, Health Corporation, O'Reilly Automotive, Allstate Corp, Fluence Energy, Power Systems, Digital Turbine, Blue Bird Corp, Everest Group, Omega HealthCare, Coty, COTY, ConocoPhillips, Cameco Corp, Philip Morris International, Spirit Airlines, Hershey Company, Lightspeed Commerce, Aurora Cannabis, Lincoln National Corp, P, Tenet Healthcare Corp, Asbury Automotive Group, Arrow Electronics, Baxter International, PetMed, Boyd Gaming Corp, FirstEnergy Corp, Motorola Solutions, Terex Corp, PepsiCo, Growth, AMC Networks, Owl, American Pipeline, TELUS International, Magna International, Newell Brands, Jim Cramer's Charitable, CNBC, Bloomberg, Getty Locations: U.S, China, Macau, Wynn Macau, Valvoline, VVV, ALFVY, Madison, New Jersey, Gilead, Ceridian, ORLY, Paycor, Aurora, Provo , Utah

☆ India set to clock up to 8% GDP growth as it boosts manufacturing capacity, minister says
▼ + stars: | 2024-02-02 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +4 min

Workers assemble mobile phones at a Dixon Technologies factory in Noida, India, on Jan. 28, 2021. Bloomberg | Bloomberg | Getty ImagesIndia could clock up to 8% annual GDP growth for several years as it focuses on boosting its manufacturing capabilities, a key government minister told CNBC on Thursday. watch nowHe spoke extensively about the country's mobile manufacturing ecosystem, claiming that 99% of the phones used in India were made within the country. The country exported $11 billion mobile phones last year, and they are likely to rise to between $13 billion and $15 billion in 2024, Vaishnaw said. Apple 's presence in India has grown exponentially since it first started manufacturing in the country in 2017.

Persons: Vaishnaw, Narendra Modi's, Nirmala Sitharaman, CNBC's, Apple, OnePoll, Joe Biden, India's Modi, Narendra Modi, Modi, Mandel Ngan Organizations: Dixon Technologies, Bloomberg, Getty, CNBC, Union, Railways, Communications, Electronics, Technology, CNBC's Sri, Deloitte, India, Apple, Samsung, Micron, U.S, India's, White, Afp Locations: Noida, India, Delhi, Mumbai, Chennai, China, Washington ,

☆ Apple’s Vision Pro headset to hit stores in the US. Here’s what you need to know
▼ + stars: | 2024-02-02 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +6 min

CNN —The Vision Pro, Apple’s first new product in seven years, will officially launch in stores on Friday in the US. The Apple Vision Pro headset is displayed in a showroom on the Apple campus in Cupertino, Calif., after it's introduction at the company's annual developers conference, Monday, June 5, 2023. The Vision Pro is a high-priced headset that blends virtual reality with augmented reality that projects digital images on top of real-world settings. Vision Pro includes surround sound, with audio pods that sit outside the ears to deliver rich immersive audio. Morgan Stanley analysts project the company will ship up to 400,000 Vision Pro units this year.

Persons: Apple’s, Tim Cook, Cook, Jeff Chiu, it’s, Siri, Luke Skywalker’s, Ming, Chi Kuo, Morgan Stanley Organizations: CNN, Apple Stores, New York Times, Apple, Pro, Vision, Disney, Apple Watch, Shipping Locations: Cupertino , Calif

☆ India’s Quiet Push to Steal More of China’s iPhone Business
▼ + stars: | 2024-02-02 | by ( Alex Travelli | ) www.nytimes.com time to read: 1 min

It is happening in South Indian industrial areas on muddy plots that were once farmland. In Sriperumbudur, people call Apple “the customer,” not daring to say the name of a company that prizes its secrets. Once finished, each will be a tight block of 13 buildings with 24 rooms per floor around an L-shaped hallway. Every one of those pink-painted rooms will have beds for six workers, all women. It’s a ready-made scene from Shenzhen or Zhengzhou, the Chinese cities famous for their iPhone production prowess.

Persons: ”, It’s Organizations: Apple Locations: India, China, Shenzhen, Zhengzhou

☆ Railway investments have risen significantly from 'minuscule amount,' Indian minister says
▼ + stars: | 2024-02-02 | 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 EmailRailway investments have risen significantly from 'minuscule amount,' Indian minister saysAshwini Vaishnaw, Indian Minister of electronics, IT, railways and communications, says "significant progress" has been made in the last 10 years.

Persons: Ashwini Vaishnaw Locations: Indian

☆ AI is fueling global power demand. Morgan Stanley sees opportunities for these 'underappreciated' winners
▼ + stars: | 2024-02-01 | by ( Pia Singh | ) www.cnbc.com time to read: +7 min

Power demand from generative AI will soar from 46 terawatt hours to 224 TWH between this year and 2027, according to the firm's base case scenario. That's equivalent to more than 75% of the total global data center power use in 2022, or close to Spain's entire power consumption in 2022, the firm said. "We believe the rapid power demand growth from GenAI is not well understood, and not priced into a number of stocks." Among large-scale renewable developers in the U.S., AES has the largest commercial and industrial market share, according to Morgan Stanley. Apart from data center infrastructure and power providers, utilities are another part of the data center servicing ecosystem.

Persons: Morgan Stanley, Morgan Stanley's, Andrew Percoco, Bloom, Percoco, NextEra, Max Yates, Sharon Shih Organizations: CNBC, Bloom Energy, AES Corp, NextEra Energy, Google, Microsoft, Bank of America, AES, Big Tech, Stocks, Delta Electronics, Mitsubishi Electric, Analysts, Dominion Energy Locations: GenAI, U.S

☆ Demand for shipments from China via rail through Russia has 'skyrocketed' since the Red Sea attacks
▼ + stars: | 2024-02-01 | by ( Lucy Handley | ) www.cnbc.com time to read: +6 min

And — while it only represents a very small proportion of containers moved between the Far East and Europe — rail routes via Russia have seen an uptick in interest too. Rail through RussiaFirms have raised concerns about sending goods via rail through Russia, Sciglaite said. A train engine pulls carriages that started their journey in Yiwu, China into Barking rail freight terminal on January 18, 2017 in the U.K. Igor Tambaca, managing director of Rail Bridge Cargo, a Dutch logistics company, said China-Europe rail route bookings were up 37% over the past four weeks. Tambaca said the cost of sending one forty-foot container (FEU) from China to Europe via rail is currently around $7,900.

Persons: Liu Wenhua, Julija, RailGate, Hapag Lloyd, Sciglaite, Dan Kitwood, Igor Tambaca, Tambaca, Maria Magdalena Pavitsich, Pavitsich, Vladimir Putin, Davies Turner Organizations: China News Service, Getty, Air, CNBC, Rail, Cargo, OBB Rail Cargo Group, FEU, Initiative, British Locations: China, Europe, Russia, Manzhouli, Vietnam, Xeneta, East, European, Rotterdam, South Africa's, Ukraine, Yiwu, Barking, Kazakhstan, Belarus, Poland, Germany, Belgium, France, Red, Dutch, Turkey, Austrian, Asia, Xian, Chengdu, Suez, Africa, Moscow, Central Siberia, Beijing, Wuhan, Duisburg

☆ Biden Takes Aim at Grocery Chains Over Food Prices
▼ + stars: | 2024-02-01 | by ( Jim Tankersley | ) www.nytimes.com time to read: +1 min

President Biden, whose approval rating has suffered amid high inflation, is beginning to pressure large grocery chains to slash food prices for American consumers, accusing the stores of reaping excess profits and ripping off shoppers. “There are still too many corporations in America ripping people off: price gouging, junk fees, greedflation, shrinkflation,” Mr. Biden said last week in South Carolina. Aides say those comments are a preview of more pressure to come against grocery chains and other companies that are maintaining higher-than-usual profit margins after a period of rapid price growth. Mr. Biden’s public offensive reflects the political reality that, while inflation is moderating, voters are angry about how much they are paying at the grocery store and that is weighing on Mr. Biden’s approval rating ahead of the 2024 election. Those prices jumped by more than 11 percent in 2022 and by 5 percent last year, amid a post-pandemic inflation surge that was the nation’s fastest burst of price increases in four decades.

Persons: Biden, Mr Locations: America, South Carolina

AdvertisementWe expect our energy bill to remain high in the coming months unless we make crucial changes around our apartment. But having the heat on for 12 hours is making our energy bill higher than we'd like. But I am willing to invest a little money if it will decrease my monthly energy bill. Minkel also says that it's important to stay safe with your actions even when you're eager to lower your energy bill. AdvertisementInstead, Minkel says that it's important to put safety first as you're looking for ways to reduce your energy bill.

Persons: —, we've, Maureen Minkel, Minkel Organizations: Service, Business, South Jersey Industries, weatherstripping Locations: South

☆ US Charges Chinese Nationals With Smuggling US-Made Electronics to Iran
▼ + stars: | 2024-01-31 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +1 min

WASHINGTON (Reuters) - U.S. authorities have charged four Chinese nationals with crimes related to the smuggling of U.S.-made electronic components, including some with possible military use, to Iran, the Justice Department said on Wednesday. The Chinese nationals are accused of moving U.S. export-controlled items through China and Hong Kong to sanctioned entities affiliated with Iran's Islamic Revolutionary Guard Corps (IRGC) and its defense ministry, the department said in a statement. The alleged scheme resulted in the export of a "vast amount" of dual-use U.S.-origin commodities with military capabilities from the United States to Iran, the Justice Department said. "Such efforts to unlawfully obtain U.S. technology directly threaten our national security, and we will use every tool at our disposal to sever the illicit supply chains that fuel the Iranian regime's malign activity," Assistant Attorney General Matthew Olsen of the Justice Department's national security division said in the statement. The U.S. has issued arrest warrants for the accused, who all remain fugitives, according to the statement.

Persons: Matthew Olsen, Ismail Shakil, Rami Ayyub, Bill Berkrot Organizations: WASHINGTON, Justice, Islamic Revolutionary Guard Corps, Justice Department, Justice Department's Locations: U.S, Iran, China, Hong Kong, United States

☆ Samsung is optimistic about AI-driven smartphones, despite losing the top sales crown
▼ + stars: | 2024-01-31 | by ( Michelle Toh | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —Samsung posted its fourth straight quarter of slumping profits on Wednesday, capping off a dismal year that also saw it lose its crown as the world’s top smartphone maker. Despite that, Samsung is optimistic about a resurgence in demand for mobile devices this year. The South Korean firm has acknowledged “lower smartphone sales” during the fourth quarter, though it noted a pickup in demand for high-end smartphones compared to the previous three months. This year, however, the market is expected to recover gradually, “despite various potential obstacles, including interest rate policies and geopolitical issues,” Samsung said in a statement Wednesday. The company managed to command higher prices for memory chips in the fourth quarter compared to the previous quarter, showing a slight “improved performance,” it added.

Persons: Hong Kong CNN —, ” Samsung Organizations: Hong Kong CNN, Hong Kong CNN — Samsung, South, Samsung, Apple, IDC Locations: Hong Kong, Seoul

☆ Qualcomm earnings beat estimates as smartphone chip sales suggest recovery
▼ + stars: | 2024-01-31 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

Qualcomm reported fiscal first-quarter results on Wednesday that topped analysts' estimates as sales of handset chips jumped 16% from a year earlier. Consensus expectations, according to LSEG, were for earnings of $2.25 per share on $9.3 billion of revenue. Qualcomm is best-known for making smartphone chips — both the modems that connect them to cellular networks, as well as the processors at the heart of high-end Android devices. QCT, the company's chip sales business that includes automotive, Internet of Things and handsets, totaled $8.42 billion in revenue during the quarter, up 7% on an annual basis. Qualcomm said it spent $800 million in share repurchases and $900 million on dividends during the quarter.

Persons: Cristiano Amon, it's, Amon Organizations: Qualcomm, Galaxy, Apple Locations: Las Vegas , Nevada, QCT

☆ Samsung Electronics' operating profit falls 34.57% in the fourth quarter, in line with guidance
▼ + stars: | 2024-01-31 | by ( Sheila Chiang | ) www.cnbc.com time to read: +4 min

(Photo by Jakub Porzycki/NurPhoto via Getty Images) Jakub Porzycki | Nurphoto | Getty ImagesSamsung Electronics on Wednesday posted a 34.57% drop in operating profit in the fourth quarter from a year ago, in line with its guidance issued earlier this month. Here are Samsung's fourth-quarter results versus estimates: Revenue: 67.78 trillion Korean won (about $51 billion), vs. 69.27 trillion Korean won expected by LSEG analysts67.78 trillion Korean won (about $51 billion), vs. 69.27 trillion Korean won expected by LSEG analysts Operating profit: 2.82 trillion Korean won, vs. 3.43 trillion Korean won expected by LSEG analysts Samsung's revenue for the quarter ending December fell 3.8% from a year ago, while operating profit dropped 34.57% in the same period. In its earnings guidance earlier this month, Samsung said it expected operating profit for the October-December quarter to be 2.8 trillion South Korean won ($2.13 billion), down 35% from the same period a year ago when the firm reported an operating profit of 4.31 trillion won. Daiwa Capital Markets in a Jan. 9 report said Samsung's revenue and operating profit estimates were "lower than our market estimates." "We aim to establish Samsung as the leading brand in the AI smartphone market," said Samsung.

Persons: Jakub Porzycki, SK Kim, Apple, Bryan Ma, Ma Organizations: Samsung, Getty, Nurphoto, Samsung Electronics, Korean, South Korean, Daiwa, SK, Apple, International Data Corporation, IDC Locations: Krakow, Poland

☆ The True Price of Apple’s $3,500 Vision Pro Is Closer to $4,600
▼ + stars: | 2024-01-31 | by ( Brian X. Chen | ) www.nytimes.com time to read: +2 min

When Apple unveiled the Vision Pro virtual reality goggles last year at a technology conference, many in the audience gasped at the price: $3,500. Yet the true cost of owning the Vision Pro is probably even higher. That’s because the price shoots up with the add-ons and accessories that many people would want to buy, including:Apple’s $200 carrying case to protect the Vision Pro on the go. A spare $200 cushion to make the goggles fit another member of the family. While I have your attention with these breathtaking numbers, we can all learn a valuable lesson from the Vision Pro about “phantom costs,” the add-ons that significantly inflate the amount we spend.

Organizations: Apple, Meta, Vision

HONG KONG (AP) — Asian stocks were mixed Wednesday as markets awaited a decision on interest rates by the Federal Reserve, while China reported manufacturing contracted in January for a fourth straight month. South Korea’s Kospi shed 0.1% to 2,497.09 after Samsung Electronics reported reported an annual 34% decline in operating profit for the last quarter. Its revenue fell short of Wall Street’s estimates, and it also gave a forecast for full-year revenue in 2024 that was weaker than expected. Treasury yields were also mixed in the bond market following reports that showed the economy remains stronger than expected. The Federal Reserve began its latest policy meeting on interest rates Tuesday, but virtually no one expects it to cut rates this time.

Persons: Seng, India’s Sensex Organizations: Federal Reserve, Nikkei, Samsung Electronics, PMI, Reserve Bank, Dow Jones Industrial, Nasdaq, Whirlpool, General Motors, Treasury, Traders, New York Mercantile Exchange, Brent, U.S Locations: HONG KONG, China, Shanghai, U.S

☆ China just revealed plans to take on Elon Musk's Neuralink
▼ + stars: | 2024-01-30 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Read previewChina has bold ambitions to develop its own brain-computer products by 2025. The MIIT said it wants to achieve breakthroughs in hundreds of technologies by creating "iconic products" by 2025, and it includes making brain-computer interfaces like Elon Musk's Neuralink implant. China has been actively working on creating brain-computer interface devices in recent years, including ones that can rival Neuralink. AdvertisementThe SprialE brain-computer interface can be inserted without the need for surgery as it has a spiral design, allowing it to be slid in without an invasive method, the report says. The tech policy document outlining its ambitions comes after the MIIT published a road map in November of its plans to mass-produce humanoid robots by 2025.

Persons: —, Neuralink, Musk Organizations: Service, Business, Ministry of Industry, Information Technology, Elon, FDA, Tianjin University, China Electronics Corporation, China Morning Post, Tsinghua University, Independent Locations: China, Tianjin, Beijing

SAVANNAH, Ga. (AP) — The Georgia Ports Authority said Tuesday that it moved a record number of automobiles across its docks in Brunswick last year, while goods shipped to Savannah in cargo containers declined 16%. The news comes as port authority CEO Griff Lynch has set a goal of Brunswick surpassing the Port of Baltimore as the No. We've been creating capacity in Brunswick,” Lynch said in an interview, adding that more growth is possible in 2024. Savannah handled 4.9 million container units of imports and exports last year, down 16% compared with calendar 2022. “I fully believe that when we look at February and March and April, we should see some positive numbers year-over-year,” Lynch said.

Persons: Griff Lynch, We've, ” Lynch, Lynch, “, ” Organizations: Georgia Ports Authority, Brunswick, Port, Auto, Hyundai, Kia, U.S Locations: SAVANNAH, Ga, Georgia, Brunswick, Savannah, Port, Port of Baltimore, Southern, U.S, Atlanta, West, New York, Los Angeles, Long Beach , California

SEOUL, South Korea (AP) — Samsung Electronics on Tuesday reported an annual 34% decline in operating profit for the last quarter as sluggish demands for its TVs and other consumer electronics products offset hard-won gains from a slowly recovering computer chip market. Samsung’s operating profit was measured at 2.8 trillion won ($2.1 billion) for the three months through December, compared to 4.3 trillion ($3.2 billion) from the same period last year. Its operating profit for the full year 2023 was at 6.5 trillion won ($4.8 billion), which marked an 85% decline from 2022 and represented the company’s lowest since 2008, when global markets were weathering a financial crisis. While the company’s semiconductor division posted a loss of 14.9 trillion won ($11 billion) in 2023, the losses narrowed during the fourth quarter, with the DRAM business returning to profit. “In 2024, the memory business expects the market to continue to recover despite various potential obstacles, including interest rate policies and geopolitical issues,” Samsung said in a statement.

Persons: “, ” Samsung Organizations: Samsung Electronics Locations: SEOUL, South Korea, Korean

☆ The story of Neuralink: Elon Musk's AI brain-chip company that has implanted its first chip into a human patient
▼ + stars: | 2024-01-30 | by ( Isobel Asher Hamilton | Beatrice Nolan | ) www.businessinsider.com time to read: +1 min

In 2020, Neuralink showed off one of its chips embedded in a pig named Gertrude. The Neuralink device in Gertrude's brain transmitted live data during the demo as she snuffled around. Musk said the pig had been living with the chip embedded in her skull for two months. "This is solid engineering, but mediocre neuroscience," he said. Jackson told Insider following the 2020 presentation that the wireless relay from the Neuralink chip could potentially have a big impact on the welfare of animal test subjects in science, as most neural interfaces currently in use on test animals involve wires poking out through the skin.

Persons: Neuralink, Gertrude, Musk, Andrew Jackson, Jackson Organizations: Newcastle University

☆ Hong Kong already has a national security law. Now its leader is pushing for another one
▼ + stars: | 2024-01-30 | by ( Nectar Gan | ) edition.cnn.com time to read: +5 min

Hong Kong CNN —Hong Kong on Tuesday formally began the process of enacting a controversial homegrown national security law in a move that could have deep ramifications for the city’s status as a global financial hub. Beijing’s national security crackdown of recent years has transformed once-freewheeling Hong Kong, silencing almost all dissent and jailing dozens of political opponents. Under Hong Kong’s mini-constitution agreed by the two powers, the city is required to enact laws to prohibit acts that endanger national security. “Foreign agents and Hong Kong independence ideas are still lurking in Hong Kong society.”Hong Kong Chief Executive John Lee speaks during a press conference at government headquarters in Hong Kong on January 30, 2024. The new security law could bring further uncertainty for Hong Kong, which is striving to maintain its status as Asia’s premier financial hub following three years of strict Covid restrictions and Beijing’s national security crackdown.

Persons: Hong, it’s, John Lee, ”, It’s, we’ve, ” Lee, Lee, Peter Parks, Chris Tang, ” Tang, Tang Organizations: Hong Kong CNN, Tuesday, Hong, CIA, British, Getty Locations: Hong Kong, Beijing, China, AFP, Hong Kong’s, East, West

This is Insider's fourth-annual list recognizing the diverse up-and-coming marketing talent who will define the industry for years to come. These marketers sit below CMO level and represent a variety of roles and backgrounds, from digital media to creative. They come from brand giants like Coca-Cola, General Mills, and LG Electronics, as well as startups like Liquid Death and Mercury. But all show the potential to be the industry leaders of the future. Scroll on to see the 14 rising stars of brand marketing, listed alphabetically.

Persons: General Mills Organizations: Business, LG Electronics

☆ At Sundance, a reckoning with our digital selves
▼ + stars: | 2024-01-29 | by ( Thomas Page | ) edition.cnn.com time to read: +11 min

Harper that premiered at this month’s Sundance Film Festival, rapper Kemba enters an electronics store. Sundance is a broad church, but one throughline this year was a reckoning with our digital selves. Courtesy of Sundance InstituteIn the game Steen could be whatever he wanted to be, do whatever he wanted to do. The Sundance Film Festival concluded on January 28. Documentary Competition)“Sujo” (World Cinema Dramatic Competition)“A New Kind of Wilderness” (World Cinema Documentary Competition)Audience Favorite Awards“Daughters” (U.S.

Persons: J.M, Harper, Kemba, “, headspace Harper, Deus, J.M . Harper, Jazmin Jones, Olivia McKayla Ross, Mavis Beacon, Mandela, she’s, Jones, McKayla Ross Gen, we’re, Siri, knotty, L’espérance, feelgood, Thelma, Squibb, Beacon, Yeleen Cohen, ”, Kristin Stewart, Sam, Andy Zuchero, Stewart, Steven Yeun, Déja, Liam, “ Sebastian ”, Mikko Mäkelä, Ruaridh, Mollica, David Nellist, Sebastian, James Watson, “ Ibelin, Benjamin Ree, Mats Steen, Steen, Steen’s, Ibelin . Ibelin, he’d, Ree, Ibelin, Steen's avater Ibelin, It’s, ’ “, Steen –, Sujo, Dìdi ”, Ibelin ”, Kneecap Organizations: CNN, Sundance, Motorola, Sundance Institute, Americans, Iam, AIs, Netflix, Sundance Film Locations: “, Haiti, ”, New York, Norwegian

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