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☆ Three ways investors can minimize their tax payments
▼ + stars: | 2024-04-15 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

It’s particularly difficult for investors, he said, who have to report their earnings and losses from the market to the IRS. As an alternative, Harris, who currently heads financial services firm Evergreen Money and recently authored a book about reducing tax burdens, shared his three biggest tax tips for investors with Before the Bell. So for tax purposes, selling securities that have lost value can offset the taxes due on gains from successful investments. If your losses exceed your gains, you can carry the net loss (total losses minus total gains) into the next tax year, potentially reducing future tax burdens. If you have three children and two parents, that’s $108,000 in tax free money a year, Harris said.

Persons: They’ll, ”, Bill Harris, It’s, Harris, “, Roth, hasn’t, “ you’re, Laura, Anna Cooban, Brent, Germany’s DAX, Read, Tempore Mike McGuire Organizations: New, New York CNN, National Taxpayers Union Foundation, Paypal, CNN, Evergreen Money, Bell, Investments, Brent, Traders, CAC, FTSE, Nikkei, International Energy Agency, ANZ, Google, California Journalism, Meta, California, Pro, Tempore, ” Locations: New York, United States, Israel, Iran, Tehran, Syria, Shanghai, Paris, California, America

☆ How Royal Caribbean is leading the charge in the cruise industry comeback
▼ + stars: | 2024-04-15 | by ( Ryan Baker | ) www.cnbc.com time to read: +1 min

Carnival , Norwegian and Royal Caribbean all reported entering the year with record highs for individual bookings and cruise pricing. It's an impressive turnaround after the industry was largely halted for 15 months after the Centers for Disease Control and Prevention issued a no-sail order in March 2020 at the onset of the Covid pandemic in the U.S.And Royal Caribbean has been leading the way. It's seen the highest ticket revenue increase relative to 2019 out of the big three cruise giants. 1 reason why Royal Caribbean has outperformed its peers and recovered the fastest is because they issued the least amount of equity during the pandemic. All of the companies had to issue equity.

Persons: It's, Brandt Montour Organizations: Royal, Centers for Disease Control, Barclays Locations: Royal Caribbean, U.S, Caribbean, Norwegian

☆ Sabrina Carpenter may have dropped this year's summer bop with 'Espresso.' Here's how valuable a summer hit can be.
▼ + stars: | 2024-04-14 | by ( Katie Balevic | Lauren Edmonds | ) www.businessinsider.com time to read: +6 min

Sabrina Carpenter just dropped "Espresso," which is already topping the charts. With her new song "Espresso," the pop star may have just dropped this year's summertime hit. Cyrus' 2023 single "Flowers" breathed new life into her career after a rocky public personaMiley Cyrus performs at the 2024 Grammys. Like Carpenter, Cyrus was a Disney child star who amassed international fame with "Hannah Montana." So with "Espresso," Carpenter has a chance to catapult herself onto the big stage and secure her place as a bonafide star.

Persons: Sabrina Carpenter, —, Taylor, Barry Keoghan, She's, Carpenter, Theo Wargo, Sabrina Carpenter's, Morgan Wallen's, Harry Styles, Olivia Rodrigo, Miley Cyrus, SZA, Cyrus, Amy Sussman, cushioned Cyrus, Forbes, Vijat, Hannah Montana, Pharrell Williams, Cowboy Carter, Armando L, Sanchez, Bill, Timothy Norris, J, Cole, Nicki Minaj Organizations: Service, Coachella, Spotify's, Spotify, Apple, NBC, Getty, Chicago Tribune, Tribune, Billboard, iHeart Locations: Disney

☆ Bitcoin and other cryptocurrencies tumble amid Middle East tensions
▼ + stars: | 2024-04-14 | by ( Matt Clinch | ) www.cnbc.com time to read: +1 min

Bitcoin had been trading at around $70,000 on Saturday evening but plunged to below $62,000, according to data from the Bitstamp exchange. Bitcoin was down some 8% late on Saturday evening as U.S. officials confirmed the attack was taking place. The cryptocurrency market suffered heavy selling overnight Saturday amid an unprecedented Iranian drone and missile attack on Israel. In the Middle East, events overnight marked the first instance of a direct attack on Israel from Iranian territory. The deluge of drones and missiles on Israel was reportedly in response to a suspected Israeli strike that killed top Iranian officials in Syria.

Persons: Bitcoin, bitcoin, —, Ruxandra Iordache Organizations: Bloomberg, Tel, Tel Aviv Stock, TA Locations: Israel, Syria, Tel Aviv, London

☆ AI CEO says people's obsession with reaching artificial general intelligence is 'about creating God'
▼ + stars: | 2024-04-13 | by ( Ana Altchek | ) www.businessinsider.com time to read: +4 min

Mistral's CEO Arthur Mensch said the obsession with creating general AI is about "creating God." The AI CEO doesn't believe Elon Musk and Sam Altman's predictions that AI will surpass human intelligence. AdvertisementMistral's founder and CEO Arthur Mensch doesn't believe in god — and therefore, he doesn't believe in artificial general intelligence. Artificial general intelligence, also referred to as AGI, is a level of AI that will outperform humans. Mensch said he felt uncomfortable with Silicon Valley's religious fascination with general AI.

Persons: Arthur Mensch, doesn't, Elon Musk, Sam Altman's, Mensch, —, Arthur Mensch doesn't, Mistral, I'm, Sam Altman, Anthony Levandowski, Donald Trump, Levandowski, It's Organizations: Service, The New York Times, Elon, Pollen, Microsoft, Google, Union, Intelligence, Big Tech Locations: Paris, Europe, Levandowski, France, United States, China

☆ Google removes links to California news sites, citing proposed state law requiring payment to publishers
▼ + stars: | 2024-04-13 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +5 min

New York CNN —Google is removing links to California news websites in reaction to proposed state legislation requiring big tech companies to pay news outlets for their content, the company announced Friday in a blog post. “It’s time they start paying market value for the journalism they are aggregating at no cost from local media.”Charles F. Champion, the president and CEO of the California News Publishers Association, said Google is suppressing California news. Google has not responded to CNN’s request for comment about the current state of talks with the Canadian government. The company had a similar reaction to a 2021 Australian law that would require platforms to compensate Australian news outlets for using their content. Google said at the time it would pay publishers through its Google News Showcase instead of paying them for links.

Persons: Tempore Mike McGuire, ”, Assemblymember Buffy Wicks, “, Charles F, we’ve, CJPA, Jaffer Zaidi Organizations: New, New York CNN, Google, California Journalism, Meta, California, Pro, Tempore, ”, California News Publishers Association, Global, Australian Competition, Consumer Commission Locations: New York, California, America, Canada, Australian, Australia

The U.S. has passed a series of export controls starting in October 2022 aimed at restricting China's access to advanced chip technology, particularly those used in AI applications. According to data from tech consultancy Omdia, China consumes nearly 50% of the world's semiconductors as it is the biggest market for assembling consumer devices. But, soon after, it was reported that Nvidia was working on a new chip made for China. The company did not respond to a request for comment on their plans for the China market. An analysis of Huawei's Mate 60 Pro smartphone by TechInsights revealed an advanced chip made by China's top chip maker, SMIC.

Persons: Wong Yu Liang, Chris Miller, William B, Bailey, Donald Trump, TechInsights Organizations: AMD MU, P Global, Intel, Broadcom, Qualcomm, Marvell Technology, U.S, The, CNBC, Nasdaq, Intelligence, Micron Technology, AMD, Nvidia, Huawei, Semiconductor Industry Association, America's Micron, country's Cyberspace Administration, Micron Locations: China, The U.S, U.S, Washington, Xi'an, Netherlands, Beijing

☆ Europe’s A.I. ‘Champion’ Sets Sights on Tech Giants in U.S.
▼ + stars: | 2024-04-12 | by ( Liz Alderman | Adam Satariano | ) www.nytimes.com time to read: +1 min

Arthur Mensch, tall and lean with a flop of unkempt hair, arrived for a speech last month at a sprawling tech hub in Paris wearing jeans and carrying a bicycle helmet. Mr. Mensch, 31, is the chief executive and a founder of Mistral, considered by many to be one of the most promising challengers to OpenAI and Google. revolution, the French government has singled out Mistral as its best hope to create a standard-bearer, and has lobbied European Union policymakers to help ensure the firm’s success. should not be dominated by tech giants, like Microsoft and Google, that might forge global standards at odds with the culture and politics of other countries. At stake is the bigger question of which artificial intelligence models will wind up influencing the world, and how they should be regulated.

Persons: Arthur Mensch, Mensch, ” Matt Clifford, Europe scrambles Organizations: Mistral, Google, European Union, Microsoft Locations: Paris, United States, China, France, British, Europe

☆ The NFL is starting a new Christmas tradition and it will change how millions of Americans spend the holiday
▼ + stars: | 2024-04-12 | by ( Cork Gaines | ) www.businessinsider.com time to read: +5 min

If that trajectory continues, NFL games on Christmas could be an annual tradition moving forward, and the move could have a huge impact on how millions of Americans spend the holiday. Previously, the NFL only played on Christmas when it fell on one of the traditional days for NFL games — Sunday, Monday, Thursday, and Saturday. The 2023 Christmas games were three of the 19 most-watched programs on TV last year, according to Nielsen. In March 2023, NFL Commissioner Roger Goodell told the media that short-week games do not lead to more injuries. On the other hand, CBS aired 107 games in 2023, but only six were national TV games.

Persons: —, Taylor Swift, Jon Lewis, Lewis, Aaron Ontiveroz, Roger Goodell, Mike Florio, NBC's, Ethan Miller Organizations: Service, NFL, Business, CBS, San Francisco 49ers, New York Giants, Philadelphia Eagles, Las Vegas Raiders, eventual Super Bowl, Kansas City Chiefs, Nielsen, Turkey, Sports Media, NBA, Hollywood, NBC's NFL, ESPN, TV, NBC, Fox Locations: Denver

The Denver-Boulder metro region in Colorado is among the winners in the migration shuffle. Led by Denver and Boulder, Colorado has built a thriving tech industry ecosystem attracting both startups and tech giants — Google, Amazon and Salesforce all now have a major presence in the area. CNBCOver the last five years, about $17 billion in VC funding has poured into the area, according to research firm CB Insights. While the Denver startup community has seen dramatic expansion, it hasn't made as much progress on diversifying its business community. However, even the top 10 cities for Black-owned business growth in the study fall far short of corresponding metro population metrics.

Persons: Niji Sabharwal, Sabharwal, Jared Polis, Dan Caruso, CNBC's Carl Quintanilla, Caruso, hasn't, Zaneta Kelsey, Donavan Bennett, Bennett Organizations: Rockies, CNBC, Denver, Google, Colorado Office, Economic Development, International Trade, Boulder, Zayo, Brookings Institute Locations: CNBC's, U.S, California, Denver, Boulder, Colorado, San Francisco, High City, It's, Boulder , Colorado, Black

☆ Native teens are nearly 4 times as likely to commit suicide. Tribes suing Meta, Google, TikTok, and Snapchat say social media addiction fuels the problem.
▼ + stars: | 2024-04-11 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +5 min

Read previewTwo tribes are suing social media giants, accusing them of contributing to the high suicide rates among Native teenagers by purposely getting kids hooked on their platforms. The lawsuits name Facebook, Instagram, Snapchat, TikTok, YouTube, and their parent companies, including Meta and Google as defendants. In collaboration with youth, mental health, and parenting experts, we built services and policies to provide young people with age-appropriate experiences and parents with robust controls. Other lawsuits have been brought over social media addiction, including by dozens of state attorneys general who sued Meta last year. However, these are the first lawsuits over social media addiction brought by federally recognized tribes, according to Robins Kaplan, the firm that filed the suits.

Persons: —, Lonna Jackson, Gena Kakkak, José Castaneda, Snapchat, Robins Kaplan, Tim Purdon, Meta Organizations: Service, Superior Court, Facebook, YouTube, Meta, Google, Business, Street, Spirit, Center for Native American, Tribal Nations, American Indian Law, Policy, New, Inc, Associated Press Locations: Los Angeles, Lake, North Dakota, Menominee, Wisconsin, Country, Spirit Lake, New York City

☆ Ancient carved drawings found next to dinosaur footprints in Brazil
▼ + stars: | 2024-04-11 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +7 min

CNN —Prehistoric humans in Brazil carved drawings in the rock next to dinosaur footprints, suggesting that they may have found them meaningful or interesting, a new study has found. A dashed line indicates petroglyphs made by indigenous people, while a continuous line shows theropod dinosaur footprints. “I think rock art creation was embedded in some sort of ritual context: people gathering and creating something, perhaps utilizing some psychotropics. I think they were interested in what the footprints represent, and I suppose they identified them as footprints. “This was the case in various parts of the world where rock art was practiced, and it is very clearly visible, among others, in the North American Southwest/U.S.

Persons: ”, Leonardo Troiano, We’ll, ” Troiano, Australia —, Troiano, Radosław, ” Palonka, Leonardo Troiano Jan Simek, Simek, Adrienne Mayor, ’ Simek Organizations: CNN, Institute of National Historic, Heritage, Jagiellonian University, Southwest, University of Tennessee, Stanford University Locations: Brazil, Paraíba, Brasilia, Australia, Serrote, United States, Poland, Kraków, U.S, Knoxville

☆ 'Lose-lose situation': New Swiss bank laws could derail UBS challenge to Wall Street giants
▼ + stars: | 2024-04-11 | 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 Email'Lose-lose situation': New Swiss bank laws could derail UBS challenge to Wall Street giantsBeat Wittman, partner at Porta Advisors, reviews new Swiss banking regulation and its potential impact on UBS in the wake of its absorption of Credit Suisse.

Persons: Beat Wittman Organizations: UBS, Wall Street, Porta Advisors, Credit Suisse Locations: Swiss

☆ The US is headed for a much more aggressive trade war with China regardless of who is president next year, economist says
▼ + stars: | 2024-04-11 | by ( Yuheng Zhan | ) www.businessinsider.com time to read: +3 min

A more intense trade war between the US and China is unavoidable, China Beige Book's Shehzad Qazi said. China would have many ways to sidestep heightened US restrictions in the event of a new trade war, Shehzad Qazi. AdvertisementA fiercer trade war between the US and China is inevitable, no matter who wins the presidential election in November, a top China expert said. "Our view is we're headed toward another trade war, regardless of who's president next year. Even in the face of a more aggressive trade war with the US, China has ways to skirt any restrictions, the COO said .

Persons: Qazi, Janet Yellen's, Shehzad Qazi, —, They're, Trump, Yellen, That's, Fitch Organizations: Service, Communist Party Locations: China, Beijing, Mexico

☆ 'Lose-lose situation': New Swiss bank laws could derail UBS' challenge to Wall Street giants
▼ + stars: | 2024-04-11 | by ( Elliot Smith | ) www.cnbc.com time to read: +3 min

Sergio Ermotti, CEO of Swiss banking giant UBS, during the group's annual shareholders meeting in Zurich on May 2, 2013. Fabrice Coffrini | Afp | Getty ImagesSwitzerland's tough new banking regulations create a "lose-lose situation" for UBS and may limit its potential to challenge Wall Street giants, according to Beat Wittmann, partner at Zurich-based Porta Advisors. The government-backed takeover was the biggest merger of two systemically important banks since the Global Financial Crisis. At $1.7 trillion, the UBS balance sheet is now double the country's annual GDP, prompting enhanced scrutiny of the protections surrounding the Swiss banking sector and the broader economy in the wake of the Credit Suisse collapse. The Wednesday report floated giving additional powers to the Swiss Financial Market Supervisory Authority, applying capital surcharges and fortifying the financial position of subsidiaries — but stopped short of recommending a "blanket increase" in capital requirements.

Persons: Sergio Ermotti, Fabrice Coffrini, Beat Wittmann, Wittmann, Wittman, Goldman Sachs, Morgan Stanley — Organizations: UBS, Afp, Getty, Wall, Porta Advisors, Swiss, Credit Suisse, Suisse, Swiss Financial Market, Authority, JPMorgan, Citigroup Locations: Zurich, Switzerland

☆ AI companies are hiring gig workers to write essays that can train AI
▼ + stars: | 2024-04-11 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +1 min

Companies are hiring highly educated gig workers to write training content for AI models. AI could run out of data to learn from by 2026, one research institute has warned. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAs artificial intelligence models run out of data to train themselves on, AI companies are increasingly turning to actual humans to write training content. For years, companies have used gig workers to help train AI models on simple tasks like photo identification, data annotation, and labelling.

Persons: — Organizations: Service, Business

☆ Big corporations are quietly taking over your medical practice. Some doctors and experts say it's ruining healthcare.
▼ + stars: | 2024-04-11 | by ( ) www.businessinsider.com time to read: +17 min

UnitedHealth Group struck a deal in March to buy the nine-state doctor group of the struggling hospital system Steward Health Care. AdvertisementDoctors are hot commoditiesIt's tough to lump the many buyers of medical practices together, as they're pursuing different strategies. Insurers like UnitedHealthcare and CVS' Aetna are required by federal law to spend most of the money they collect in premiums on medical care. Plus, running a modern medical practice is expensive, requiring investments in staffing, technology, and electronic health records. Advertisement"The corporate practice of medicine is the reason why healthcare costs are out of control," Li said.

Persons: —, UnitedHealth's Optum, That's, UnitedHealth, there's, They're, Farzad Mostashari, UnitedHealth's chokehold, Chas Roades, Yashaswini Singh, Singh, Roades, Nick Jones, they're, Optum, Jones, Mitch Li, Li, Michelle Cooke, Cooke, she's, Ben Bowman, Bowman Organizations: Service, UnitedHealth, Health Care, CVS Health, Walgreens, Physicians, Research, US Justice Department, CVS, Aetna, Brown University, Harvard Medical School, Oregon Medical Group, JAMA, Amazon, The Washington Post, Federal Trade Commission, US Department of Justice, Department of Health, Human Services, Oregon State, Corvallis Clinic Locations: Oregon, New York, UnitedHealth, Optum, California, The, Atlanta

☆ Tech workers flush with cash are turning Miami's suburbs into the new Beverly Hills
▼ + stars: | 2024-04-10 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +3 min

The most expensive neighborhood in America is in Coral Gables, Florida, Bloomberg reports. AdvertisementThe post-pandemic Florida real-estate boom just earned the state a new superlative. Today, seven of the 10 most expensive neighborhoods in the US are located in Florida, Bloomberg reported, citing data from Zillow. The priciest neighborhood in America is Gables Estates in Coral Gables, where a typical home costs $21.2 million, Bloomberg reported. Pre-pandemic, in 2020, the most expensive neighborhood in America was Beverly Hills Gateway, where a typical home cost a cool $10.6 million.

Persons: —, Jeff Bezos, BI's Eliza Relman Organizations: Bloomberg, Zillow, Tech, Service, Gables Estates, Business, Beverly Hills Gateway, Royal, Beverly Hills, Apple, Microsoft, Amazon Locations: America, Coral Gables , Florida, Beverly Hills, Florida, Coral Gables, Naples , Florida, , New York, Miami

☆ Can China's Comac break up the Airbus-Boeing duopoly?
▼ + stars: | 2024-04-10 | by ( Nessa Anwar | ) www.cnbc.com time to read: +2 min

China is on a mission to break up the Airbus -Boeing duopoly and it hopes the domestically made Comac C919 will be its first big break into foreign markets. Made by the Commercial Aircraft Corporation of China (Comac), the passenger aircraft has been touted as the "dream of a nation" by Chinese President Xi Jinping. However, there are still several hurdles Comac would need to clear before it could take on the French and American aerospace giants' dominance. "As a customer and operator of China's Comac products, we can get financial support from China's import-export bank, and also central banks," Cham told CNBC in an interview. According to Cham, Comac said it would consider creating aircraft maintenance, repair and overhaul support for its aircraft in Brunei.

Persons: Xi Jinping, Cham, Comac, Adam Cowburn, Cowburn, Brendan Sobie, It's, Brendan Organizations: Airbus, Boeing, Commercial Aircraft Corporation of China, Cham Chi, CNBC, Alton Aviation Consultancy, " Industry, Sobie Aviation, Airlines Locations: China, American, Brunei, Cham, Shanghai

☆ Nvidia and Georgia Tech announce first AI supercomputer for students
▼ + stars: | 2024-04-10 | by ( Hayden Field | ) www.cnbc.com time to read: +2 min

Nvidia and the Georgia Institute of Technology announced Wednesday the first artificial intelligence supercomputer designed for student use. At first, only Georgia Tech's undergraduate students will be able to use the computing cluster, which is fueled by Nvidia's enterprise AI software and a "virtual gateway" developed by Penguin Solutions. So far, students have used the supercomputer in just one class — foundations of machine learning — since the beginning of the semester, but Georgia Tech plans to continue scaling usage. Georgia Tech's supercomputer runs on 20 Nvidia HGX H100 systems, which house 160 of Nvidia's H100 GPUs, which are high in demand across the tech industry. For reference, it would take one of these 160 GPUs a single second to come up with a multiplication function that would take 50,000 students 22 years, according to a Georgia Tech release.

Persons: Jensen Huang, Raychowdhury Organizations: Nvidia, Georgia Institute of Technology, Penguin Solutions, Georgia Tech, Georgia Tech's School of Electrical, Computer Engineering, CNBC, Arizona State University, ChatGPT Enterprise, Georgia Tech's Locations: Georgia

☆ Alibaba shares jump after founder Jack Ma reemerges with praise of Chinese giant's 'transformations'
▼ + stars: | 2024-04-10 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Jack Ma, founder of Alibaba, reappeared in the public view in China for the first time in months. Alibaba founder Jack Ma on Wednesday praised the company's reorganization and change over its tumultuous past year, marking the billionaire's second major public statement to employees in just a few months. Daniel Zhang, longtime CEO of Alibaba Group, unexpectedly quit and then stepped down as CEO of the company's cloud unit. Ma is reemerging at a time when Alibaba employees are likely in need of a morale boost. The Alibaba founder also said Alibaba needs to think what e-commerce looks like in three years' time, especially since the arrival of artificial intelligence.

Persons: Jack Ma, Alibaba, Ma, ByteDance, Daniel Zhang, Eddie Yongming Wu, Joe Tsai, Tsai, Wu Organizations: CNBC, Wednesday, Ant Group, Alibaba, Cainiao Locations: China, Beijing

☆ Amazon and Walmart warehouse employees are so surveilled that they're worried about breaking to use bathroom: Oxfam report
▼ + stars: | 2024-04-10 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +11 min

Data from two recent surveys, funded in part by Oxfam — the National Survey of Amazon Warehouse Workers and the National Survey of Walmart Warehouse Workers — is included in the report. The results show that a substantial amount of Amazon and Walmart warehouse employees surveyed reported being closely watched by technology while in the workplace. Advertisement"The conditions there are absolutely horrific," one Amazon warehouse worker in Alabama was quoted as saying in the report. The Oxfam report says that at Amazon, warehouse workers "are assigned handheld devices or scanners that record, count, and measure every item they move during their day." One Walmart worker quoted in the Oxfam report alleged that the company's warehouse robots "are treated better than human beings."

Persons: —, Soren Larson, Maureen Lynch Vogel, Vogel, Petion, Suzanne Kreiter, Irit Tamir, they're, Tamir, Abby Maxman Organizations: Oxfam, Amazon, Walmart, Service, Securities, Exchange Commission, Oxfam —, National Survey, Amazon Warehouse Workers, National Survey of Walmart Warehouse Workers, Reuters Amazon, BI, Employees, Boston Globe, Getty, Oxfam America Locations: United States, Amazon, Alabama

☆ Intel unveils latest AI chip as Nvidia competition heats up
▼ + stars: | 2024-04-09 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

Nvidia has an estimated 80% of the AI chip market with its graphics processors, known as GPUs, which have been the high-end chip of choice for AI builders over the past year. Intel says the new Gaudi 3 chip is over twice as power-efficient as and can run AI models one-and-a-half times faster than Nvidia's H100 GPU. Intel on Tuesday unveiled its latest artificial intelligence chip, called Gaudi 3, as chipmakers rush to produce semiconductors that can train and deploy big AI models, such as the one underpinning OpenAI's ChatGPT. AMD is also looking to expand and sell more AI chips for servers. Intel is teaming up with other chip and software giants, including Google , Qualcomm and Arm to build open software that isn't proprietary and could enable software companies to easily switch chip providers.

Persons: Abu, Gaudi, Das Kamhout, Sachin Katti, Patrick Gelsinger Organizations: Nvidia, Intel, Gaudi, Dell, HP, AMD, Microsoft, Google, Qualcomm Locations: Abu Dhabi, Ohio

☆ AI fever is triggering a new hunt for tech talent on Wall Street. 5 recruiters outline in-demand tech roles that can pay from $250,000 to $2 million.
▼ + stars: | 2024-04-09 | by ( Bianca Chan | ) www.businessinsider.com time to read: +8 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewWall Street firms are switching into hiring gear. Banks, hedge funds, and private equity firms are back on the hunt for tech talent, several recruiters told Business Insider. Across the Street, finance firms are witnessing the AI transformation being led by tech giants like OpenAI and Nvidia. Hodzic added that, on average, the technology business at Selby Jennings is registering 25% more job orders a week compared to this time last year.

Persons: —, Giancarlo Hirsch, Deepali Vyas, she's, Vyas, Ben Hodzic, Selby Jennings, Hodzic, Glocomms, Hirsch, whittle, Banks, Andy Legg, Dennis Baden, Baden, Korn Ferry's Vyas Organizations: Service, Finance, Business, Blackstone, JPMorgan, Vyas, Nvidia, They're, Wall, Riviera Partners, Google, Banks Locations: Selby

☆ Ultrawealthy cruising: See inside Royal Caribbean's most extravagant upgrades and a $100,000-a-week cabin on its Icon of the Seas
▼ + stars: | 2024-04-09 | by ( Brittany Chang | ) www.businessinsider.com time to read: +1 min

Royal Caribbean's Icon of the Seas has high-end upcharge options like a $200-per-person dinner. See what a vacation on the world's largest cruise ship is like for affluent travelers. AdvertisementAre you looking to ball out on your weeklong vacation aboard the world's largest cruise ship? And there's likely no better example of this than Royal Caribbean's new world's largest cruise ship. On the 9,950-person Icon of the Seas, affluent travelers could have a vacation that rivals even the most luxurious small-ship cruise.

Persons: — Organizations: Royal, Service

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