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In 2023, Texas led the nation in solar installations on its power grid, surpassing California for its second consecutive year. Explosive power demand poses a challenge to the Biden administration's goal of converting the U.S. power grid to 100% clean electricity by 2035. Nextracker is a leading U.S. solar firm, building systems that allow panels to track to the position of the sun, improving the efficiency of solar power plants. Shugar pointed to the massive number of renewable projects in the U.S. seeking connection to the power grid. But as energy demand increases, the value of each additional hour should rise, eventually making longer duration batteries more cost effective, he said.

Persons: Brandon Bell, Andrés Gluski, Joseph Rand, We've, Kelley, Wells, Goldman Sachs, Biden, Ryan Sweezey, Wood Mackenzie, Richard Kinder, Kinder Morgan, Kinder, Amin Nasser, Nasser, Shugar, Lawrence, Lazard, Nextracker's Shugar, Lawrence Berkeley, Amol Phadke, Rand, Sweezey, Reid Ramdathsingh, Ramdathsingh, Fluence, John Zahurancik, Zahurancik, it's, Zahuranick Organizations: Getty, Renewables, Energy Information Administration, Department of Energy, Big Tech, Microsoft, AES Corporation, Google, AES, Meta, UBS, Solar, Lawrence Berkeley National Laboratory, U.S, Tech, North America, DOE, CNBC, University of California Berkeley's Goldman School of Public, Goldman School, Lawrence, Rystad Energy, Siemens Locations: Ector County , Texas, Texas, California, United States, U.S, Wells Fargo, Saudi, Houston, Lawrence Berkeley, Fluence's Americas

☆ 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

☆ Former Google CEO reportedly sold his Atherton mansion for $22.5 million. See inside the stunning estate.
▼ + stars: | 2024-06-19 | by ( Ana Altchek | ) www.businessinsider.com time to read: +1 min

The property, located in the most expensive US zip code, includes a main home and a guest house. Schmidt, who served as Google and Alphabet chairman, has a net worth of around $23.9 billion. The sale closed a month later, Mansion Global reported, with a price of $22.5 million. The 5,265 square-foot listing includes a main home and a guest house in the most expensive zip code in the US. Schmidt's current net worth is estimated at around $23.9 billion, according to Forbes' ranking.

Persons: Eric Schmidt, Google's, Atherton, Schmidt, —, Wendy, Forbes Organizations: Service, Wall, Business Locations: Atherton , California

☆ A Google strategy manager says these are the 5 things you should do to stand out in the workplace
▼ + stars: | 2024-06-19 | by ( Ana Altchek | ) www.businessinsider.com time to read: +5 min

Read previewHerng Lee has seen a lot of top performers in his nearly nine years working on Google's strategy team. But the employees who really stand out are those who are team players, the Google manager said in his weekly newsletter for high-performing tech professionals. Lee said these are the five things you can do consistently to be more like one. Related storiesDoing all these things may take time and effort, and could mean sacrificing a bit of efficiency in the moment. AdvertisementYou should try to save others time even in cases when you don't receive credit for it, Lee said.

Persons: —, Herng Lee, Lee Organizations: Service, Business, Google didn't

☆ The luxury conglomerate behind Cartier is beating LVMH at its own game
▼ + stars: | 2024-06-19 | by ( Madeline Berg | ) www.businessinsider.com time to read: +10 min

But there's another corporation beating LVMH at its own game, and you probably haven't even heard of it: Richemont. Switzerland-based Richemont, behind brands like Cartier, Van Cleef & Arpels, and Piaget, is having a moment. "All of this favors the most established brands: Cartier and Van Cleef." Driven by Richemont's top brands, Cartier and Van Cleef, sales gained 7% in the country, including Hong Kong and Macau, in Richemont's 2024 fiscal year. "If you're in a bar or restaurant, you're sitting at a distance, you can recognize the Labra pendant from Van Cleef.

Persons: —, Louis Vuitton, Bernard Arnault's, Van Cleef, Piaget, outperforming LVMH, Saint Laurent, It's, Cartier, Chiara Battistini, it's, Gucci, Arnault, Johann Rupert, Rupert, Richemont, Fflur Roberts, HSBC's Rambourg, Diana —, Tim Graham, Jelena Sokolova, Morningstar, Rambourg, Euromonitor's Roberts, Van, Keith Tsuji, Sokolova, Cleef, Nicolas Bos, — Bos, Nicholas Bos, Jared Siskin, I've, What's, JPMorgan's Battistini, Bos, Porter Organizations: Service, LVMH, Business, Cartier, Gucci, HSBC, Google, JPMorgan, Credit Suisse, Deloitte, Local, Art Basel, McKinsey, Prada Locations: Switzerland, China, Euromonitor, Hong Kong, Macau, Art Basel Hong Kong, Asia

A Massacre Threatens Darfur — AgainDarfur SUDAN El FasherA civil war is ripping apart Sudan, one of Africa’s largest countries. Yet a New York Times examination of satellite imagery and video from El Fasher make one thing clear:The assault is intensifying. DARFUR R.S.F. Whole neighborhoods were razed, similar to the destruction in parts of southern and eastern El Fasher in recent months. “The videos from El Fasher could become critical evidence in future trials for crimes in Darfur.”

Persons: Sudan’s, Al Salam, Abu Shoak, El Fasher Al Salam, Abu, Mohamed Zakaria, Thomas van Linge, —, Mellit, El Fasher, ”, El, El Geneina, Janjaweed, Linda Thomas, Greenfield, Ali Yagoub Gibril, Al Zeer Salem, Fasher, Matthew Gillett, “, ” Mr, Gillett Organizations: Fighters, Rapid Support Forces, . Security, New York, El, Sudanese, Al Salam Camp, Camp, Reuters Fighters, Yale, Research, —, Times, Centre, Information Resilience, Mellit El, Support Forces, Google, ”, Islamic Relief, United Nations, The Times, U.S . Treasury, Broadcasting, University of Essex Locations: Darfur, SUDAN El Fasher, Sudan, El, DARFUR, El Fasher, East Darfur, Sudan’s, Chad, El Geneina, American, Spain, Central Darfur

☆ Israel warns Lebanon of prospect of ‘all-out war’ as U.S. seeks to de-escalate hostilities
▼ + stars: | 2024-06-19 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +3 min

TOPSHOT - Smoke billows from the site of an Israeli airstrike on Zibqin in southern Lebanon on June 12, 2024. Israel and Hezbollah, which controls much of Lebanon, have been trading fire since October in parallel with the Jewish nation's war campaign against Palestinian militant group Hamas in the Gaza Strip. In an all-out war, Hezbollah will be destroyed and Lebanon will be severely hit." "I remind you that, according to the United Nations, there is no territorial dispute — no territorial dispute — between Lebanon and Israel," Israeli government spokesman David Mencer said during a Tuesday press briefing. Security concerns have driven thousands of Lebanese and Israeli civilians to flee their border-facing settlements.

Persons: Sami Taleb Abdullah, Rafael, Yona Yahav, Israel Katz, " Katz, David Mencer Organizations: Israel Defense Forces, Palestinian, Hamas, Lebanese, Ministry of Health, IDF, CNBC, Reuters, Foreign, Hezbollah, United Nations Locations: Lebanon, Gaza, Israel, Lebanese, Jouaiyya, Metula, Haifa

☆ I'm a therapist who's been hospitalized for a manic episode. I worried about the stigma at work — then, another patient recognized me.
▼ + stars: | 2024-06-19 | by ( Marcia Naomi Berger | ) www.businessinsider.com time to read: +7 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. A year later, in 1975, I had a second manic episode, which landed me in Langley Porter Hospital. I first met Henry when I was a patient myselfI played ping-pong with Henry, a stocky, lively patient around my age. Then I saw his name on my list of patients on the large whiteboard that paired patients with their primary therapists. AdvertisementExcerpted from The Bipolar Therapist: A Journey from Madness to Love and Meaning by Marcia Naomi Berger.

Persons: —, Henry, Langley Porter's, I've, Marcia, Doreen, I'd, Langley Porter, Henry —, Barbara, Marcia Naomi Berger Organizations: Service, Langley Porter Hospital, Business, Elmhurst, Bitachon Press Locations: Queens , New York, San Francisco, Langley Porter, earshot

☆ Earth Photo 2024: Striking images show how our planet is changing
▼ + stars: | 2024-06-18 | by ( Nell Lewis | ) edition.cnn.com time to read: +3 min

Editor’s Note: Call to Earth is a CNN editorial series committed to reporting on the environmental challenges facing our planet, together with the solutions. Rolex’s Perpetual Planet Initiative has partnered with CNN to drive awareness and education around key sustainability issues and to inspire positive action. CNN —A photograph of a solitary man walking along terraces in China, rust-red rivers in Alaska and a gargantuan western red cedar are among the winning images of the Earth Photo 2024 competition. More than 1,900 images and videos were submitted to this year’s competition by photographers and filmmakers from all over the world. “Bringing us closer to landscapes, wildlife and communities from across the planet in this way sparks new conversations and reflections.

Persons: –, Parker Harris –, Jean, Marc Caimi, Valentina Piccinni, ”, Francesco Verri, ” Louise Fedotov, Clements, “, Jennifer Adler’s, Marc Lathuillière, Mike Seddon, Fedotov Organizations: CNN, Initiative, Forestry England, Royal Geographic Society, Geographical Society, Photoworks, Forestry Locations: China, Alaska, Jean, Colombia, Forestry England

☆ Trump’s former top strategist pushes the 2024 election as a ‘victory or death!’ war
▼ + stars: | 2024-06-18 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +7 min

“Is this a political war to the knife?”I was not familiar with that term – “war to the knife” – but Bannon also recently used it in an interview with ex-Fox News host Tucker Carlson. Ousted from White House role in 2017Bannon’s tenure in Trump’s White House was relatively short; he was fired in August 2017, part of a major reorganization under then-chief of staff John Kelly, who was brought in to control a chaotic atmosphere. As chief strategist at the White House, Bannon was known for large whiteboards full of lists of priorities – things that still ring true in the priorities he outlined over the weekend. Courts, Congress and mismanagement kept Bannon and Trump from achieving many of these goals in Trump’s first term. Anticipating the potential for a second Trump term, there are any number of supporters who are mapping out how to make the most of it.

Persons: Steve Bannon, Donald Trump’s, Bannon, ”, Tucker Carlson, “, Trump, Read, Kristen Holmes, Alayna Treene, John Kelly, Kelly, Trump’s, ” Bannon, Joe Biden’s, General Merrick Garland, Gestapo … there’s, MAGA, Peter Bergen, Bergen, Trump ” –, Roger Stone, Rudy Giuliani, John Eastman, Alex Jones Organizations: CNN, FBI, Fox News, Sovereign, of Congress, Democrats, White, Trump’s, Trump –, Trump, of Justice, DOJ, Gestapo, Federal Reserve, Heritage Foundation, State Department, Heritage Locations: Detroit, Kansas, Atchison, White, Ukraine, Trump’s, State

☆ Digital advertisers want 'premium content' — but are in a battle over how to define it
▼ + stars: | 2024-06-18 | by ( Lauren Johnson | ) www.businessinsider.com time to read: +7 min

Read previewPublishers are racing to be known for "premium" content to keep advertising revenue afloat, but there's a swirling debate in the industry over how to define it. AdvertisementFor example, some broadcasters are pitching their streaming content as premium by selling it directly to advertisers without using third-party adtech companies. Broadcasters are gunning for control of streaming ad dollarsAt the same time, TV publishers are angling to define themselves as makers of premium content that appeals to advertisers. Instead of premium content, many advertisers are more concerned with premium audiences who are watching streaming content. Still, Gupta from U of Digital said that broadcasters have the upper hand in deciding what is considered premium content because there is a lack of high-quality content in streaming environments.

Persons: —, Max, Critics, Joe Root, Shiv Gupta, Gupta, Permutive's Root, Digital's Gupta, gunning, Rachel Eckerling Organizations: Service, Business, Hulu, Disney, Google, Trade, Association for National, Jounce Media, ANA, Universal, Broadcasters, Publicis, Precision, CTV, Publishers, Industry, Interactive

☆ Google's Android apps are coming in 3D via Xreal as competition with Apple's Vision Pro heats up
▼ + stars: | 2024-06-18 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Xreal, an augmented reality glasses maker, has launched a connected Beam Pro mobile device that allows users to capture spatial video and 3D images. Xreal said the Beam Pro uses Nvidia CloudXR technology for image rendering and Qualcomm 's Snapdragon spatial computing platform. A pair of Xreal AR glasses costs around $200 to $400, depending on the model and sales promotion. That means a set of Xreal AR glasses and Beam Pro costs significantly less than $1,000. The Beam Pro launched in China in late May.

Persons: Apple, Chi Xu, Xu, Xreal, Rokid, Ramon, Xreal Xu Organizations: BEIJING — Games, Google, Apple, CNBC, Apple Vision, Beam, Nvidia, Qualcomm, Amazon Web Services, IDC Research, Vision, The Locations: BEIJING, U.S, China, Hong Kong, Japan, Singapore

☆ ‘Cats’ Returns, Ditching the Junkyard for Queer Ballroom
▼ + stars: | 2024-06-18 | by ( Joshua Barone | ) www.nytimes.com time to read: +1 min

At the end of May, the Perelman Arts Center posted a clip on social media of “Jellicle Cats,” the catchy, effervescent opening number from the musical “Cats.” It showed a group of queer performers catwalking in a rehearsal room before breaking apart to freely dance and vogue. One singer wore a cap winkingly topped with feline ears; another stared down the camera and twirled her ponytail with declarative swagger. This was the first real glimpse of a new, ballroom-inspired revival of “Cats,” running through July 28 at PAC NYC, as the Perelman Center in Manhattan is known. Since it was announced nearly a year earlier, the show had been a subject of skepticism and mocking humor: “Cats” was ridiculous enough, but ballroom? Then the “Jellicle Cats” clip went viral, and jaws dropped.

Persons: chimed, Ziwe, Justin Simien, “ Organizations: Perelman Arts, PAC NYC, Perelman Locations: Manhattan

☆ Psychology student did a daily act of kindness for 108 days: ‘My life was better in just about every way’
▼ + stars: | 2024-06-18 | by ( Kasley Killam | In Kasleykillam | ) www.cnbc.com time to read: +8 min

The question was a precursor to my graduate work, and the next decade of my career, promoting community, belonging, and social health in society. In the experiment, acts of kindness would be my daily beads and mantra, reminding me to set out each morning with the intention of connecting. After 108 days of prioritizing connection, my life was better in just about every way you can imagine. Kasley Killam, MPH, is a leading expert in social health and author of "The Art and Science of Connection: Why Social Health is the Missing Key to Living Longer, Healthier, and Happier." She's a graduate of the Harvard School of Public Health, sought-after advisor and keynote speaker, and founder of Social Health Labs.

Persons: I'd, Kasley, Harvard —, I'm, League baseballs, Penelope, Homer's, he'd, She's Organizations: Queen's University, Harvard, League, Health, Harvard School of Public Health, Social Health Labs, Google, U.S . Department of Health, Human Services, Economic Locations: Canada, Nepal, laundromats, Vancouver, Toronto

☆ Social media isn't like cigarettes, and a warning label won't help much
▼ + stars: | 2024-06-18 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +5 min

US Surgeon General Vivek Murthy is recommending a warning label on social media sites cautioning that "social media is associated with significant mental health harms for adolescents." This label would warn teens and their parents of the potential risk of harm from using social media. But is social media really comparable to cigarettes? So far, the government's approach to social media regulation has been somewhat chaotic. A surgeon general warning label that pops up when you open Instagram is probably going to be annoying, but it can't really hurt.

Persons: Vivek Murthy, Murthy, There's, Meta, Tipper Gore, Nikki, John Denver, Frank Zappa, Dee Snider Organizations: Service, The New York Times, Business, Big Tech, Social Media, Apple, Music Resource, Recording Industry Association of America Locations: New York

☆ Martine Rose’s Milan Fashion Week debut packs a punch
▼ + stars: | 2024-06-18 | by ( Scarlett Conlon | ) edition.cnn.com time to read: +5 min

“I wanted it to be a bit of a mess,” said Rose ahead of the show on Sunday that marked her debut on the Milan Fashion Week schedule after years presenting her label in London. For her Spring-Summer 2025 show, she continued to challenge traditional concepts of masculinity and classic codes of tailoring. Justin Shin/Getty Images“There is a familiar subversion but I never intend for things to be shocking,” she explained. Milan is something of a fitting host for Rose’s brand with the two sharing a sense of intrigue on first impression. As Rose notes of Milan, “it reveals itself slowly”.

Persons: Martine Rose, “, ”, Rose, Justin Shin, Milan, JW Anderson, Wales Bonner, it’s Organizations: CNN, Milan, Tomorrow Group, BFC, London Locations: Milan, British, London, —, waists, Bermuda, Florence, Paris, Italy

☆ AI skills can help you land a job or promotion faster—especially for Gen Z, says new research
▼ + stars: | 2024-06-18 | by ( Morgan Smith | ) www.cnbc.com time to read: +3 min

AI skills could rival job experience in hiring decisions — and not just in techClose to 70% of leaders say they won't hire someone without AI skills and would rather hire a less experienced candidate with AI skills than a more experienced person without them, according to the report, which surveyed more than 30,000 people in 31 countries. Some companies including Google and Amazon have announced investments in teaching their workforce AI skills, but such initiatives aren't the norm: Only 25% of companies are planning to offer training on generative AI tools like ChatGPT and Microsoft Copilot, Microsoft and LinkedIn found. There are dozens of free online courses people can use to learn AI skills offered by companies like IBM and Google and Ivy League institutions like Harvard University and the University of Pennsylvania. "Less than two years after generative AI burst onto the scene, we're seeing this technology being woven into the fabric of work across a wide range of industries," Stallbaumer says. Generative AI tools in particular have seen a surge in workplace adoption, with usage doubling in the last six months, Microsoft and LinkedIn report.

Persons: Raman, it's, Colette Stallbaumer, Stallbaumer, It's Organizations: —, Microsoft, LinkedIn, CNBC, Google, IBM, Ivy League, Harvard University, University of Pennsylvania

☆ Ex-Nvidia recruiter's No. 1 interview red flag: 'You can tell when people are just phoning it in'
▼ + stars: | 2024-06-18 | by ( Gili Malinsky | ) www.cnbc.com time to read: +1 min

HR consultant Stefanie Fackrell has worked in talent acquisition for years. As far as that portion is concerned, she has one clear red flag: "People not coming prepared," she says. It makes it seem like you're "not necessarily serious about this role or this particular company," Fackrell says. Some job seekers think, 'I know everything'To begin with, sometimes there's an element of overconfidence in some job seekers. "A lot of people see a job opportunity, they see the title, they get the interview and they think, 'oh, I got this.

Persons: Stefanie Fackrell, Fackrell, they'd Organizations: Google, Nvidia, Samsung

☆ Hollywood is facing a dire threat: sports
▼ + stars: | 2024-06-18 | by ( Lucia Moses | ) www.businessinsider.com time to read: +9 min

AdvertisementSports media rights have never been more expensive, but media companies keep paying up. The number of TV shows across the industry has been declining since the 2022 end of the Peak TV era. Media companies have been aggressively pursuing other secondary sports to maintain their value to distributors and advertisers, as Warner Bros. All this has dire implications for entertainment budgets, which media companies have already been trimming after overspending to build streaming businesses. AdvertisementRelationships with the top people in sports will likely be a bigger factor in leadership at media companies moving forward.

Persons: —, Doug Shapiro, Shapiro, Seth Meyers, Spencer Wang, David Levy, — it's, Levy, it's, Jonathan Miller, WBD, Michael Kassan, Mark Lazarus, Media Group's, John Kosner, Ed Desser, Sports doesn't, David Zaslav, Alex Iosilevich Organizations: Service, NBA, Business, Turner Broadcasting, Apple, Google, Street Journal, NBC, ESPN, Amazon, Warner Bros, NFL, Comcast, Netflix, Nielsen, Turner Networks, Horizon, Entertainment, Marvel, Star, Integrated Media Co, Hollywood, Media, Warner Bros . Discovery, Sports, Cannes Lions, Turner, TNT, TBS, Premier League, WWE

☆ The cost of sports content is soaring — and it could mean big cuts in Hollywood budgets
▼ + stars: | 2024-06-18 | by ( Lucia Moses | ) www.businessinsider.com time to read: +9 min

Read previewSports has increasingly become the star of the show for big TV companies, and its ascent is sending a shiver down Hollywood's spine. AdvertisementSports media rights have never been more expensive, but media companies keep paying up. The number of TV shows across the industry has been declining since the 2022 end of the Peak TV era. Media companies have been aggressively pursuing other secondary sports to maintain their value to distributors and advertisers, as Warner Bros. AdvertisementRelationships with the top people in sports will likely be a bigger factor in leadership at media companies moving forward.

☆ The influencer-marketing strategies that made brands like Adobe and Google Pixel favorites for creators from underrepresented backgrounds to work with
▼ + stars: | 2024-06-17 | by ( Shriya Bhattacharya | ) www.businessinsider.com time to read: +6 min

"Influencer marketing is so personal, it's about the creator," Jenkins said. Several industry experts, including creators, have said this is because brands routinely pay creators of color less than their white counterparts on collaborations. AdvertisementSome companies like Pandora, however, have earned reputations among creators of color for fair compensation, prompting them to develop long-term partnerships spanning years. We also give the creator creative latitude whenever we can and let them co-create the concept based on what is authentic to their experience." "We usually know going into a negotiation where it's going to start and where it's going to end up."

Persons: Inclusivity isn't, Nikki Jenkins, She's, it's, Jenkins, Brandon Shi, They've, Google's, Ava Donaldson, Nneya Richards, she's, Donaldson, We're, we're, Pandora, lowballs, Leah Walker, Walker Organizations: Service, Business, Pandora, Adobe, Google, Heritage

☆ Your next iPhone could be thinner as Apple reportedly aims to slim down its product range
▼ + stars: | 2024-06-17 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

The iPhone 15 Pro is 0.32 inches (8.25 mm) deep, compared with 0.29 inches (7.4 mm) for the iPhone 12 Pro, per Apple's website. Apple announced at the Worldwide Developers Conference it would integrate its new AI software, Apple Intelligence, into the iPhone, iPad, and Mac. The AI features will roll out later this year with Apple's iOS 18 update, but will only be available to iPhone 15 Pro and 15 Pro Max users. Android chief Sameer Samat previously told Business Insider that it plans to seize the moment to "reinvent" what phones can do. AdvertisementApple didn't immediately respond to a request for comment from Business Insider, made outside normal working hours.

Persons: —, Apple, Mark Gurman, Gurman, Mac, It's, Sameer Samat Organizations: Service, Business, Apple, Worldwide, Apple Intelligence, Pro Max, Google, Samsung, Android, Bank Of America Securities

☆ TikTok is getting into the murky business of AI-generated influencer ads
▼ + stars: | 2024-06-17 | by ( Dan Whateley | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewTikTok is rolling out a tool that will allow brands to use AI-generated avatars of real people in ads on the platform. In a demonstration in the announcement post, the company showcased a reel of AI-generated avatars built from apparent TikTok creators who explain why they'll benefit from an AI tool that uses their likenesses. "If this is something that caught on, I'd be very scared for the future of my business," micro influencer Kristen Bousquet told Business Insider in May. TikTok isn't the only Big Tech platform experimenting with AI-generated avatars.

Persons: —, SelfMade, Kristen Bousquet, TikTok, creatives —, Meta, Tom Brady, Kendall Jenner, YouTuber Organizations: Service, Business, NBA, Big Tech, Facebook, Microsoft, Apple

☆ Microsoft stock will surge 24% amid a 'tidal wave' of AI-monetization opportunities, Wedbush says
▼ + stars: | 2024-06-17 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Microsoft stock is set to hit $550 on AI monetization opportunities, Wedbush Securities said. Client checks revealed growing bullishness towards Microsoft's AI Copilot software. AdvertisementArtificial intelligence deal conversions are accelerating, priming shares of Microsoft to reach even higher records, Wedbush Securities said. Behind the call were increasingly bullish customer checks, Wedbush Securities said, driven by "a tidal wave of Copilot and Azure monetization now on the doorstep for MSFT." Growth in Azure, Microsoft's cloud platform, has boomed in recent quarters, and could be a bridge into more AI spending, Ives wrote.

Persons: —, Redmond, Dan Ives, Ives, Wedbush Organizations: Microsoft, Wedbush Securities, Service, Nadella, Oracle, IBM, Nvidia, Apple

☆ Hardware is Wall Street's new favorite bet
▼ + stars: | 2024-06-17 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In today's big story, we're looking at the Apple-Google partnership that shows why hardware has become Wall Street's new favorite bet . The big storyHardware is hotGetty Images; Chelsea Jia Feng/BISoftware may still eat the world, but only with the help of some serious hardware. But generative AI has put a considerable spotlight on a less sexy part of tech: hardware. That's playing out in the stock market, where hardware tech stocks have outperformed software tech stocks by 30 percentage points this year , writes BI's Matthew Fox.

Persons: —, Chelsea Jia Feng, Marc Andreessen's, Hugh Langley, That's, BI's Matthew Fox, it's, Steve Schwarzman, Jon Gray, Brian Ach, Tyler Le, Andy Sieg, Merrill Wealth, Dan Sundheim, Chris Tuite, Trump, Elon Musk, hasn't, Jimmy Simpson, they're, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Annie Smith, Amanda Yen Organizations: Service, Elon, Apple, Business, Apple Intelligence, OpenAI, Google, Microsoft, Amazon, Oracle, Street, Nvidia, Broadcom, Blackstone, Merrill, D1 Capital, YouTube, Netflix, BI, Cannes Lions, advertising's Locations: That's, New York, London

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