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This is the first part in a series exploring Baltimore’s overdose crisis. People in Baltimore have been dying of overdoses at a rate never before seen in a major American city. In the past six years, nearly 6,000 lives have been lost. The city set ambitious goals, distributed Narcan widely, experimented with ways to steer people into treatment and ratcheted up campaigns to alert the public. Many of those efforts to fight overdoses stalled, an examination by The New York Times and The Baltimore Banner has found.

Organizations: New York Times, Baltimore Locations: Baltimore, American, Appalachia, York

☆ Tech's almost a defensive story in the higher-for-longer environment, says Edward Jones' Mahajan
▼ + stars: | 2024-05-23 | 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 EmailTech's almost a defensive story in the higher-for-longer environment, says Edward Jones' MahajanMona Mahajan, Edward Jones principal and senior investment strategist, joins 'Squawk Box' to discuss the rally in mega-cap tech stocks, which stocks are performing in the tech space, and more.

Persons: Edward Jones, Mona Mahajan

☆ Nikki Haley bends the knee to Trump, but he'll still need to put in the effort to sway her voters
▼ + stars: | 2024-05-23 | by ( Sarah Gray | ) www.businessinsider.com time to read: +1 min

Nikki Haley said she'll vote for Trump but says he needs to reach out to her supporters. Trump faces challenges with suburban voters, John Dorman reported and needs to woo Haley voters. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFormer UN Ambassador Nikki Haley exited the GOP presidential primary on March 6 but pointedly declined to endorse the frontrunner and now-presumptive nominee, former President Donald Trump, saying he needed to win over her voters. This story is available exclusively to Business Insider subscribers.

Persons: Nikki Haley, John Dorman, Haley, —, Donald Trump Organizations: Trump, Service, GOP, Hudson Institute, Trump —, Business

☆ Dollar hovers near highest in a week after hawkish Fed minutes
▼ + stars: | 2024-05-23 | by ( ) www.cnbc.com time to read: +3 min

The yen l anguished just above a three-week low despite the continued threat of intervention by Japanese officials. The dollar index, which tracks the currency against six major rivals including the euro , sterling and yen, was little changed at 104.89 after gaining 0.28% overnight. The dollar was little changed at 156.77 yen after rising to 156.85 overnight, the highest since May 1. Traders and analysts suspect Japan's Ministry of Finance intervened several times to support the yen following its plunge to a 34-year low of 160.245 per dollar on April 29. Bigger rival bitcoin was little changed at $69,491 after reaching $71,957 on Tuesday for the first time since April 9.

Persons: Sterling, Ether, James Kniveton, Japan's, Rishi Sunak, bitcoin Organizations: Bank of Japan, Reserve, Federal, Traders, of Finance, Bank of England, Conservatives, Labour Party, Labour, Securities

☆ Elon Musk predicts smarter-than-humans AI in 2 years. The CEO of China's Baidu says it's 10 years away
▼ + stars: | 2024-05-23 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Chesnot | Getty ImagesPARIS — Robin Li, CEO of one of China's biggest tech firms Baidu , said artificial intelligence that is smarter than humans is more than 10 years away, even as industry staple Elon Musk predicts it will emerge very soon. Artificial general intelligence, or AGI, broadly relates to AI that is as smart or smarter than humans. Li, whose company Baidu is one of China's leading AI players, signals this isn't realistic. I think [it] is more than 10 years away," Li said during a talk on Wednesday at the VivaTech conference in Paris. "[My] fear is that is that AI technology is not improving fast enough.

Persons: Robin Li, Porte de Versailles, Musk, AGI, Sam Altman, Li, it's, Everyone's Organizations: Baidu, Viva Technology, Parc, Getty, PARIS, Elon Locations: Paris, France, Europe

☆ Russian media cited fake rumors of a Mossad agent named 'Eli Copter' being involved in the helicopter crash that killed Iran's President Ebrahim Raisi
▼ + stars: | 2024-05-23 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Read previewAn online joke about Iranian President Ebrahim Raisi being killed in a helicopter crash by a Mossad agent named "Eli Copter" has fooled several media outlets — including Russian state TV host Vladimir Solovyov. Raisi, 63, died on Sunday in a helicopter crash alongside several senior officials in northwest Iran, with state media saying the vehicle struck a mountainside. An Israeli official said Tel Aviv was not involved in the crash, which Solovyov challenged. AF - The IDF Mourns The Loss Of Their Undercover Agent, Eli Copter pic.twitter.com/G0tok0TFyV — Associated Fress (@AssociatedFress) May 19, 2024Several people reporting about Raisi's death seemed to have missed the joke. Haik later quoted the Hamas message on i24, saying that the involvement of "Eli Copter" was a rumor that couldn't yet be confirmed.

Persons: —, Ebrahim Raisi, Eli Copter, Vladimir Solovyov, Solovyov, Daniel Haik, Eli Copter pic.twitter.com, Haik Organizations: Service, Business, Tel, Russia Media Monitor, IDF, Hamas, Telegram, i24 France, Kremlin, West, Washington, Observatory, MIT Media Lab, Center for Locations: Iran, Israel, Tel Aviv, Russia, Tehran, Moscow, Ukraine

A stage in northern Mexico where a presidential candidate was campaigning collapsed after a gust of wind blew through the area on Wednesday night, leaving at least five people dead and at least 50 others injured, a state governor said. The stage collapsed in a suburb of Monterrey, in the state of Nuevo León, during an event attended by the progressive candidate Jorge Álvarez Máynez and other members of the Citizens’ Movement party. The collapse was caused by strong wind, President Andrés Manuel López Obrador of Mexico said on social media. Samuel García, the governor of Nuevo León, announced the deaths and injuries in a news conference. The stage, which had been erected on a baseball field in the city of San Pedro Garza García, was the site of a campaign event for the Citizens’ Movement party’s candidate for the city’s mayoral election, Lorenia Canavati.

Persons: Jorge Álvarez Máynez, Andrés Manuel López Obrador, Samuel García, San Pedro Garza García, Lorenia Canavati Organizations: Citizens ’ Movement Locations: Mexico, Monterrey, Nuevo León, San

☆ Stocks making the biggest moves before the bell: NVDA, LYV, SNOW
▼ + stars: | 2024-05-23 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

Snowflake posted $829 million in revenue, while analysts polled by LSEG had called for $786 million. Adjusted earnings for the period came in at 14 cents a share, however, missing the consensus estimate by 4 cents. Beauty — The cosmetics maker added 3.4% after easily surpassing consensus forecasts from analysts surveyed by FactSet for the fiscal fourth quarter. posted 53 cents in earnings per share, excluding items, on $321.1 million in revenue, while analysts penciled in just 33 cents on $292.6 million in revenue. On top of that, LiveRamp offered firm revenue guidance for both the current quarter and full year.

Persons: Snowflake, LSEG, NetEase, FactSet, e.l.f, LiveRamp, Cytokinetics, Goldman Sachs, Morgan Stanley, Ed Bred, Lori Koch, Alibaba, GoodRX, —, Jesse Pound, Pia Singh, Yun Li, Tanaya Macheel, Sarah Min, Michelle Fox Organizations: Nvidia, Micro, Taiwan Semiconductor, Bloomberg, Department of Justice, of, News, Corp, JPMorgan, DuPont de Nemours, DuPont, Bloomberg News, Bank of America, RBC, Hasbro —, Hasbro Locations: Southern, of New York, —

☆ My mom and I live on different continents, but we're closer than ever. We text every day and FaceTime every weekend.
▼ + stars: | 2024-05-23 | by ( Demi Drew | ) www.businessinsider.com time to read: +4 min

Courtesy Demi DrewI've only seen her 3 times since I movedIn seven years, I've seen my mom three times. Collectively, I've spent six weeks with her the entire time I've lived abroad. I remember having my heart broken for the very first time, sobbing hysterically to my mom on FaceTime and being unable to hug her. Photo credit: Mauricio MerinoI actually appreciate her more nowDespite the 9,000 miles that separate us, my mom and I are closer than ever. Finding ways to connect with my mom and the life she lives in South Africa means being intentional with my time and how I choose to spend it.

Persons: I've, Demi Drew, Demi Drew I've, Demi Drew's, hysterically, I'm, Mauricio Merino Organizations: Business, Bridge, Central, Netflix Locations: Brooklyn , New York, Port Alfred, South Africa, New York, Central Park

☆ Putin has 'both eyes' on a strategic island belonging to new NATO member Sweden, army commander says
▼ + stars: | 2024-05-23 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +3 min

Read previewRussian President Vladimir Putin is targeting a strategic Swedish island that offers mastery over the Baltic Sea, the commander-in-chief of Sweden's army warned this week. Putin's goal is to gain control of the Baltic Sea," Micael Bydén told German news outlets, according to Politico's translation of his remarks. Sweden joined NATO in early March, and the alliance is now the dominant force in the Baltic Sea, thanks in large part to its control of Gotland. Advertisement"If Russia takes control and seals off the Baltic Sea, it would have an enormous impact on our lives — in Sweden and all other countries bordering the Baltic Sea," Bydén said. Swedish military officials watch a Swedish C-130H take off from a non-traditional runway on Gotland Island on October 23, 2021.

Persons: —, Vladimir Putin, Putin, Micael Bydén, Bydén, Patrik Orcutt, Ulf Kristersson Organizations: Service, Business, NATO, Nordic, Russia's Ministry of Defence, Moscow Times, US Army, Politico, Sweden's, Financial Times, Gotland Regiment, US Locations: Swedish, Baltic, Gotland, Putin's, Sweden, Russian, Kaliningrad, It's, Rhode, Russia, Bydén, Moscow, Lithuania, Finland, Latvia, Ukraine

☆ Buying a piece of Nvidia is about to get a whole lot cheaper
▼ + stars: | 2024-05-23 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Read previewBuying a share of Nvidia is about to get a lot cheaper. The microchip maker announced a 10-for-1 stock split in its first-quarter earnings on Wednesday. Nvidia's management said the goal of the stock split was to "make stock ownership more accessible to employees and investors." Chipotle approved a 50-for-1 stock split in April, saying it would make its shares "more accessible to employees as well as a broader range of investors." AdvertisementHe did so because Berkshire was acquiring a railway company, and he wanted its shareholders to be able to easily exchange their shares for Berkshire shares in a tax-free swap.

Persons: —, Price, Elon Musk's Tesla, Warren Buffett, it's Organizations: Service, Nvidia, Business, Dow, Big Tech, Apple, Microsoft, EV, Berkshire Hathaway's, Berkshire, Burlington Northern Locations: Berkshire

☆ It looks like someone tried to steal Graceland, possibly one of the dumbest crimes ever
▼ + stars: | 2024-05-23 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. New York CNN —We can’t be 100% sure that an obscure lending company just tried to steal Graceland. Her lawsuit says that the documents Naussany presented, including a 2018 notarized promissory note signed by Lisa Marie Presley, were forged. Even the notary public whose name appeared on the disputed document, told the court in an affidavit that no, they’d never notarized Lisa Marie Presley’s signature. (“Not acquire to proceed?”)It added: “There was no harm meant on Ms. Keough for her mothers LMP mis habits and mis managing of money.”(LMP, presumably, is Lisa Marie Presley.

Persons: CNN Business ’, Elvis Presley’s, —, Lisa Marie Presley, she’d, Naussany, Graceland, Riley Keough, Elvis’s, Keough, Mad Max Fury, Daisy Jones, ”, Naussany’s, Lisa Marie Presley’s, JoeDae Jenkins, Jenkins, ” Jenkins, Keough’s Organizations: CNN Business, New York CNN, Naussany, CNN, Naussany Investments Locations: New York, Tennessee, Graceland, Memphis, America, Shelby County, Naussany, Kimberling City , Missouri, Missouri

☆ Ademola Lookman scores stunning hat-trick as Atalanta wins Europa League title to end Bayer Leverkusen’s historic unbeaten run
▼ + stars: | 2024-05-23 | by ( Matias Grez | ) edition.cnn.com time to read: +4 min

CNN —Bayer Leverkusen’s historic unbeaten run came to a shuddering halt on Wednesday as Atalanta ran riot in the Europa League final, winning 3-0 to lift just the second major trophy in the club’s 116-year history. We did it!” Lookman told TNT Sports after the game. Most of the talk going into Wednesday’s final had been about Bayer Leverkusen’s remarkable season and its record-breaking 51-game unbeaten run. Leverkusen's incredible unbeaten run finally came to an end. “The unbeaten run has come to an end, but congratulations to Atalanta.

Persons: CNN —, Atalanta, Lookman, “, ” Lookman, I’m, ”, Paul Childs, Reuters “ I’m, “ We’re, Gian Piero Gasperini, Bayer, Xabi, Andrew Boyers, ” Alonso, Alonso Organizations: CNN, CNN — Bayer, Atalanta, Europa League, Charlton Athletic, Everton, RB Leipzig, Fulham, Leicester City, TNT Sports, Lookman, Coppa Italia, Africa, Nations, Reuters, BBC, Bayer Leverkusen’s, Bundesliga, Leverkusen, Kaiserslautern Locations: Dublin, Ireland, London, Bergamo, Italy, Nigeria, Lookman, Leicester, England

☆ They’re Ignoring MrBeast’s Rules of YouTube, and Thriving
▼ + stars: | 2024-05-23 | by ( Chris Almeida | ) www.nytimes.com time to read: +1 min

A more succinct way of putting it: Why is everyone on YouTube doing an imitation of MrBeast? Within a moment of clicking on any MrBeast video, he is shouting at his 250 million subscribers to explain the thesis of the video. Every thumbnail displays his face — with his mouth closed these days, which he said brings in more clicks than thumbnails where he has his mouth open. Titles are written in a classic clickbait style, like “In 10 Minutes This Room Will Explode!”He is present in each video, but only physically. In nearly every regard, he approaches YouTube as if it were a science.

Persons: Zackary, MrBeast, Jimmy Donaldson — Organizations: YouTube

☆ Opinion | A Giant Crater in Siberia Is Belching Up Russia’s Past
▼ + stars: | 2024-05-23 | by ( Sophie Pinkham | ) www.nytimes.com time to read: +1 min

Even the roads are buckling, cracking and collapsing, as if in a slow-motion earthquake. And outside a small town called Batagay, deep in the Siberian hinterland, a crater is rapidly opening up — known to locals as the gateway to the underworld. Already more than half a mile deep and about 3,000 feet wide, the Batagaika crater is growing as the ground beneath it melts. The land is belching up the past and swallowing the present — creating a yawning hole even more dizzying than the huge open-pit mines that already scar the Siberian landscape. In Alaska houses in rural villages are sinking into the ground as the shoreline falls into the sea.

Locations: Russia, Batagay, Canada, China, Tibetan, Alaska

☆ New Caledonia unrest: Tourists stranded and desperate as Macron arrives in strife-torn French territory
▼ + stars: | 2024-05-23 | by ( Jessie Yeung | Hilary Whiteman | ) edition.cnn.com time to read: +7 min

Other Australians stranded have had to go scrounge coconuts to eat,” he said. Maxwell Winchester and his wife, an Australian couple stranded in New Caledonia after the unrest broke out. But Winchester said he and other tourists have no sense of when it might be their turn. People line up at a store for supplies in New Caledonia, with larger supermarkets nearby burned and looted during the riots on the French territory. And among the stranded tourists, frustration is growing over what they say is a lack of assistance or clear instructions from their governments.

Persons: Maxwell Winchester, it’s, We’ve, ”, Emmanuel Macron, “, “ We’re, Winchester, Macron, Prisca Thevenot, Theo Rouby, we’re, – Organizations: CNN, ”, New Zealand, Facebook, Australia’s Department of Foreign Affairs and Trade, New Zealanders, Olympic, Paris Olympic Games, ” CNN, Getty Locations: South, New Caledonia, Victoria, Australian, ” Australia, New, Brisbane, Australia’s, ”, Brisbane , New Caledonia, Paris, France, “, Winchester, Noumea , New Caledonia, AFP, French

☆ Volkswagen in concrete discussions over car partnerships in India
▼ + stars: | 2024-05-23 | by ( ) www.cnbc.com time to read: +1 min

The logo of German car giant Volkswagen (VW) is seen on a Volkswagen ID Buzz van during the company's annual press conference to present the business report, on March 14, 2023 in Berlin. Volkswagen is in concrete talks about partnering up on passenger car production in India, the group's finance chief said on Thursday, adding it was tough to earn money in the market that still presents a "clear" opportunity. "We are in very good discussions," Arno Antlitz told the Reuters Events Automotive Europe conference in Munich, "it's very, very concrete," he added, without specifying. "I think we shouldn't underestimate the potential in India in terms of a market ... and in terms of regulatory uncertainty between the U.S. and China. At 101,553 delivered vehicles, India is so far a small market for Volkswagen, accounting for little more than 1% of deliveries across the whole group in 2023.

Persons: Arno Antlitz, Antlitz Organizations: Volkswagen, Reuters, Automotive, U.S, India's Mahindra, SKODA, Audi, Porsche, Lamborghini Locations: Berlin, India, Munich, China, Washington, Beijing, Aurangabad, Pune

The Haley rationale for backing TrumpAfter months of speculation, Nikki Haley said — in her first appearance since dropping out of the Republican presidential primary — that she would vote for Donald Trump, the man against whom she waged a sometimes scathing campaign. But it may provide cover to prominent donors like Ken Griffin who in recent weeks has suggested that he might come in from the cold and donate to Trump. Deep-pocketed Republicans flocked to Haley during the primary. “I think she is just what we need right now,” Langone said on Fox News. “What Trump put this country through the last three months of his presidency was disgraceful.”But donors are rethinking their aversion to Trump, who handily beat Haley and other rivals and is now leading President Biden in some polls.

Persons: Haley, Nikki Haley, —, Donald Trump, Ken Griffin, Griffin, Paul Singer, Henry Kravis, Barry Sternlicht, Cliff Asness, Stanley Druckenmiller, Ken Langone, Reid Hoffman, wasn’t Trump, Nikki, ” Sternlicht, ” Langone, Trump, Biden, White, Israel Organizations: Trump, Republican, PAC, Elliott Management, KKR, Starwood Capital, AQR Capital Management, Democratic, LinkedIn, Times, Fox News Locations: Gaza

☆ Celibacy might suck, but it's better than dating apps. Hooking up with old friends is the way to go.
▼ + stars: | 2024-05-23 | by ( Nicola Prentis | ) www.businessinsider.com time to read: +6 min

But, since then, the apps seemed to have changed the way dating worked. Celibacy and a different approach to dating are, to me, the only answers to the kind of dehumanizing behavior the apps today provoke. AdvertisementThe author stopped using dating apps and only dates men she already knows. Dating apps throw people together with none of the social glue that binds us in our IRL trusted networks. Some people might call this style of dating "friends with benefits," but I don't.

Persons: Tinder, Bumble, I've, We'd, who'd, we're, I'd Organizations: Service, National, coy, Facebook, IRL Locations: Spain, Ireland, Istanbul

☆ Sweeping changes to America's aging power grid are on their way to help bypass NIMBY roadblocks and state infighting
▼ + stars: | 2024-05-23 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +9 min

America's power grid is old and stressed. The main problem: It takes way too long to build towering high-voltage power lines that carry electricity across state lines and to hook up new power to the grid. AdvertisementBut upgrading the power grid gets bogged down by several issues. A new rule issued by the Federal Energy Regulatory Commission this month is aimed at tackling some of the problems. If the US doesn't invest in regional transmission lines, customers will pay the price in the form of congestion and more life-threatening outages.

Persons: Brett White, Larry Gasteiger, Allison Clements, West Virginia —, Jeffrey Shields, PJM, Shields, Manu Asthana's, Asthana, Mark Christie, Neil Chatterjee, Chatterjee, Christine Powell, Chuck Schumer, Gasteiger Organizations: Service, Business, Energy, Princeton University, Federal Energy Regulatory, Democrat, Sierra Club, Republican, Department of Energy, DOE, FERC, Earthjustice's Clean Energy, University of Chicago, wouldn't Locations: Pine, States, Maryland, Pennsylvania, West Virginia, New Jersey, California

☆ Ex-Reddit CEO says tech giants are shipping subpar products because they are obsessed with winning the AI race
▼ + stars: | 2024-05-23 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Ex-Reddit CEO Yishan Wong says tech giants are obsessed with AI but shipping bad products. "The big internet giants are in a state of memetic competition over AI," Wong said. Wong said tech companies are forcing everyone to use their LLM-powered products. AdvertisementTech giants are letting their obsession with AI affect the quality of the products they're launching, former Reddit CEO Yishan Wong said on Wednesday. "This is leading to all of them integrating LLM-powered AI into their products, but the AI sometimes gives flawed answers, which is problematic in products where the existing quality/accuracy expectation was higher," Wong continued.

Persons: Yishan Wong, Wong, — Organizations: Service, Tech

☆ Carlyle: Excited about the private equity opportunities in India
▼ + stars: | 2024-05-23 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCarlyle: Excited about the private equity opportunities in IndiaAmit Jain of Carlyle India Advisors says political stability and strong market fundamentals are making India's private equity market look attractive.

Persons: Carlyle, India Amit Jain Organizations: Carlyle India Advisors Locations: India

☆ TikTok Moves to Limit Russian and Chinese Media’s Reach in Big Election Year
▼ + stars: | 2024-05-23 | by ( Sapna Maheshwari | ) www.nytimes.com time to read: +1 min

TikTok said on Thursday that it was introducing new measures to limit the spread of videos from state-affiliated media accounts, including Russian and Chinese outlets, as the company deflects criticism that it could be used as a propaganda tool in a major election year. The company in 2022 started labeling state-affiliated media accounts — like those from RT, the global Russian television network, and People’s Daily, the official newspaper of the Chinese Communist Party. Social media platforms, including Meta, YouTube and X, are grappling with misinformation in a year when as much as half the global population will vote in major elections. Political news on TikTok, which is owned by a Chinese company, ByteDance, is under particular scrutiny after the passage of a law that would force ByteDance to sell the company or face a ban in the United States. Lawmakers and intelligence officials have said TikTok is a threat to national security, partly because of how the Chinese government could use it to spread propaganda.

Persons: TikTok, ” TikTok, ByteDance Organizations: Chinese Communist Party, Social, Meta, YouTube, United States, Lawmakers Locations: Russian, United

☆ I tried the Megaformer Pilates workout, loved by Kim Kardashian and Michelle Obama. It targeted my thighs in a whole new way.
▼ + stars: | 2024-05-23 | by ( Rachel Hosie | ) www.businessinsider.com time to read: +7 min

The list of Lagree's celebrity fans is long, including, reportedly, Jennifer Aniston, Meghan Markle, Kate Hudson, Jennifer Lopez, Michelle Obama, and Kim Kardashian. Steve Granitz/Getty ImagesThe global boutique fitness studio market is currently valued at $55.16 billion and is expected to reach $79.66 billion in 2029, according to Research and Markets. The gym was luxurious but minimalist, with club-style studiosThere are a couple of fitness studios in London offering Megaformer workout classes now, both at £35 ($45). AdvertisementStudio Fix's Megaformer studio. Afterward I felt proud of myself and my body felt good from the stretching and mobility.

Persons: —, Sebastien Lagree, Jennifer Aniston, Meghan Markle, Kate Hudson, Jennifer Lopez, Michelle Obama, Kim Kardashian, Steve Granitz, I've, Rachel Hosie, Andrea, Rachel, Lagree, I'd, Najeeb Abunahl, Sebastian Lagree, Abunahl Organizations: Service, Business, Research, Sauce Communications Locations: barre, London, Kensington —, Europe

☆ 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

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