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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
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
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
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
Public safety officials in England, France and Spain said Tuesday that they would step up security for matches this week in the Champions League, Europe’s marquee soccer competition, after ISIS-related groups called for violent attacks on the contests. The first of four quarterfinal matchups were scheduled in London and Madrid on Tuesday, and were to feature some of the top clubs in world soccer: Spain’s Real Madrid; the English giants Arsenal and Manchester City; and Germany’s Bayern Munich. Two other high-profile matches will take place on Wednesday in Paris and Madrid. “We don’t know what location might be particularly targeted, neither in what conditions,” the French interior minister, Gérald Darmanin, told reporters in Paris. The ministry said security measures at the matches in Madrid had been increased and additional agents deployed.
Persons: Gérald Darmanin Organizations: Champions League, ISIS, Spain’s, Arsenal, Manchester City, Germany’s Bayern Munich, , El Mundo Locations: England, France, Spain, London, Madrid, Spain’s Real Madrid, Paris, Spanish, El
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
Taiwan Semiconductor Manufacturing Company is transforming the small Japanese farm town of Kikuyo into a key node in Asia’s chip supply chain. TSMC, as the company is known, dominates the global semiconductor business. At its home base in Taiwan, TSMC sits at the center of a web of factories, suppliers and engineering firms. In February, TSMC opened a factory, known as a chip “fab,” for fabricator, on a ridge overlooking Kikuyo. The Japanese electronics giants Sony, Denso and Toyota, major buyers of TSMC semiconductors, are investing huge sums in TSMC’s Japan subsidiary.
Persons: TSMC Organizations: Taiwan Semiconductor Manufacturing Company, Sony, Toyota, TSMC’s Locations: Kikuyo, Taiwan, Japan, TSMC’s Japan
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
Google is trying to make cloud computing more affordable with a custom-built Arm -based server chip. With the new Arm-based chip, Google is playing catch-up with rivals such as Amazon and Microsoft, which have been employing a similar strategy for years. Google has used Arm-based server computers for internal purposes to run YouTube advertising, the BigTable and Spanner databases and the BigQuery data analytics tool. Arm chips, which are popular in smartphones, offer a shorter set of instructions than x86 chips, which are commonly found in PCs. Axion offers 30% better performance than the fastest general-purpose Arm-based virtual machines in the cloud and 50% better performance than than comparable VMs based on x86, Google said.
Persons: Chirag, Gartner, Graviton, Alibaba, Thomas Kurian, Dekate, Christina Malbon Organizations: Google, Microsoft, Amazon, Gartner, Amazon Web Services, Chirag Dekate, CNBC, Oracle, Arm Holdings, AMD, Intel Locations: Las Vegas, Sprinklr
State actors have since made routine attacks in various countries to manipulate the outcome of elections, according to cyber experts. "Right now, generative AI can be used for harm or for good and so we see both applications every day increasingly adopted," Meyers told CNBC. "This democratic process is extremely fragile," Meyers told CNBC. "You can train those voice AI models very easily ... through exposure to social [media]," Holmes told CNBC in an interview. It's just one example of many deepfakes that have cybersecurity experts worried about what's to come as the U.K. approaches elections later this year.
Persons: Andrew Brookes, Rishi Sunak, Todd McKinnon, Okta's McKinnon, We're, Adam Meyers, CrowdStrike, Meyers, Dan Holmes, Holmes, Keir Starmer, what's Organizations: Getty, Britain, CNBC, British, U.S, APT, New Zealand, Labour Party, Local, Facebook, Meta, Google Locations: Russian, Moscow, London, Wuhan, U.S, Australia, New, China, cybersecurity, Russia, Iran
CNN —Ecuador’s former vice president Jorge Glas has been hospitalized, days after his arrest during a high-profile raid of the Mexican embassy in Quito. Glas was taken a hospital in Guayaquil after falling ill, the country’s national prison agency SNAI said Monday. He became ill after he refused to eat food provided to him while in detention, the agency also said. The news came as Ecuador’s President Daniel Noboa on Monday defended the controversial police raid on Friday that led to Glas’s arrest. Glas, who has previously been convicted twice on corruption charges, served under leftist ex-President Rafael Correa between 2013 and 2017.
Persons: CNN — Ecuador’s, Jorge Glas, Glas, SNAI, Daniel Noboa, Rafael Correa, , Noboa, , ” Noboa, Argentina –, António Guterres Organizations: CNN, Ministry of Public Health, Naval Hospital of, International Court of Justice, Twitter, Brazil, Vienna Convention, Diplomatic Relations, United Nations Locations: Mexican, Quito, Guayaquil, Naval Hospital of Guayaquil, Mexico, Ecuador, Argentina, Nicaragua, Vienna
Other Wall Street analysts in recent weeks offered different views on the state of Nvidia's China-specific AI chips. Nvidia has been sampling AI chips designed to comply with U.S. government export restrictions to Chinese customers since last fall. NVDA 1Y mountain Nvidia's stock performance over the past 12 months. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Nvidia Stock Soar | Future Publishing | Getty Images
Persons: Nvidia's, Jeff Marks, Wolfe, Tencent, Biden, China –, Xi Jinping, Jensen Huang, KeyBanc, Jim Cramer's, Jim Cramer, Jim Organizations: Nvidia, KeyBanc, Markets, FactSet, Wall, Wolfe Research, U.S, Microsoft, Street, Huawei, Blackwell, Nvidia's, Taiwan Semiconductor Manufacturing Company, CNBC, Visitors, Future, Getty Locations: China, Nvidia's China, U.S, Hangzhou
The Maryland legislature this weekend passed two sweeping privacy bills that aim to restrict how powerful tech platforms can harvest and use the personal data of consumers and young people — despite strong objections from industry trade groups representing giants like Amazon, Google and Meta. One bill, the Maryland Online Data Privacy Act, would impose wide-ranging restrictions on how companies may collect and use the personal data of consumers in the state. The other, the Maryland Kids Code, would prohibit certain social media, video game and other online platforms from tracking people under 18 and from using manipulative techniques — like auto-playing videos or bombarding children with notifications — to keep young people glued online. “We are making a statement to the tech industry, and to Marylanders, that we need to rein in some of this data gathering,” said Delegate Sara Love, a Democratic member of the Maryland House of Delegates. Wes Moore, a Democrat, who has not taken a public stance on the measures.
Persons: , Sara Love, Love, Wes Moore Organizations: Google, Democratic, Maryland, Gov, Democrat Locations: Maryland
The artificial intelligence lab had exhausted every reservoir of reputable English-language text on the internet as it developed its latest A.I. It could transcribe the audio from YouTube videos, yielding new conversational text that would make an A.I. Ultimately, an OpenAI team transcribed more than one million hours of YouTube videos, the people said. The texts were then fed into a system called GPT-4, which was widely considered one of the world’s most powerful A.I. models and was the basis of the latest version of the ChatGPT chatbot.
Persons: OpenAI, Greg Brockman Organizations: YouTube, Google
Bangkok, Thailand CNN —On the surface, Thailand’s annual Songkran festival appears to be just one great big water fight. Pipad Krajaejun, a history lecturer at Bangkok’s Thammasat University, says it’s difficult to pinpoint exactly when the water fights became such a key part of the festival. (We’ll share more on the water fights below.) Some towns limit the water fights to one day, so be sure to check ahead if you’re planning to join the battles. Soe Zeya Tun/ReutersAmong the highlights of the festival is the Maha Songkran Parade, which will happen on April 11.
Persons: Thailand CNN —, that’s, , Songkran, Boonserm Satraphai, Pipad, , Soe Zeya Tun, University’s Pipad, Nam, Chalinee Thirasupa, MBK, Lauren DeCicca, John S Lander, it’s, CNN Travel’s Karla Cripps, she’s Organizations: CNN, Thailand CNN, UNESCO, Heritage, Bangkok’s Thammasat University, CNN Travel, , Thailand’s Tourism Authority, of, Reuters, Central Department, Thai Locations: Bangkok, Thailand, it’s, Chiang Mai, Thailand's, Khao San, Chiang, Old City, Pipad, Chiangmai, Thailand’s, Ratchadamnoen, Lanna, San
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRobotics race ramps up among tech giants such as Apple, Google, Amazon and TeslaCNBC's Kate Rooney reports on Apple's reported move into home robotics, ditching its plans to create an electric vehicle, and what the shift means for the tech industry.
Persons: Tesla, Kate Rooney Organizations: Apple, Google
How India is challenging China as Asia's tech powerhouse
  + stars: | 2024-04-05 | by ( Arjun Kharpal | ) www.cnbc.com   time to read: +30 min
New Delhi has sought to woo foreign tech companies and has been increasingly successful, with giants like Apple increasing their presence in the country. Tom Chitty: For years China has been Asia's tech powerhouse where the world's electronics and some of the biggest companies on the planet are located. And I think India is in the very early stages, to put it quite bluntly, of trying to do that. Tom Chitty: India have got an election this year as well, which is going to be interesting to see what happens there. You know, India has aligned itself slightly more to the countries that are currently a bit more anti-China, shall we say?
Persons: Tom Chitty, Arjun Kharpal, It's, Let's, I'm, Arjun, You'll, We're, we've, what's, gunning, Narendra Modi, it's, Tom, Modi, Trump, Apple, COVID, there's, Taiwan's, that's, Karen Tso, China's, Tim Cook, Raghuram Rajan, We've, feasibly, India's, let's, he's, you've, we'll, I've, We'll Organizations: Apple, CNBC, China, India's, Foxconn, Micron, Tata Electronics, Taiwan's Powerchip Semiconductor Manufacturing Corp, Reserve Bank of India, CCP, Samsung, Bain, India, London Locations: China, Tencent, Asia, India, Delhi, Washington, Beijing, American, COVID, U.S, Brazil, Vietnam, Indonesia, Thailand, Taiwan, South Korea, Bangalore, Goa, Kolkata, Mumbai, Europe, Silicon, New York, Germany
Market chaos could come next year if the US doesn't adjust its fiscal path, Joao Gomes told CNBC. The US can't afford to extend tax cuts next year, he said. If it doesn't adjust its fiscal trajectory soon, 2025 could be the year when markets start to roil, Wharton professor Joao Gomes warned. "That's something that could definitely happen to us next year," Gomes told CNBC on Thursday. "I think we'll have a serious debate next year about the tax cuts and whether to extend them or not," he said.
Persons: Joao Gomes, Wharton, , It's, Gomes, Maya MacGuineas, Gomes isn't, Jamie Dimon, Ken Griffin Organizations: CNBC, US, Service, Bank of America, Penn Wharton Budget Model, Trump Administration, White House, Federal, Wall Locations: roil
Some might think that, questions of morality aside, fossil fuel investments are just too good to pass up. Even in the United States, where President Joe Biden’s Inflation Reduction Act is making historic investments in clean energy, oil exports are at an all-time high. On closer examination, the simplest argument against funding new oil, gas and coal projects is not that they’re immoral. What should be even more concerning to investors is that fossil fuel companies’ challenges go beyond supply and demand. Finally, there is perhaps the greatest risk fossil fuel investors face: the industry’s massive profits are largely dependent on special treatment by governments.
Persons: Tom Steyer, Pimco, Vladimir Putin’s, Joe Biden’s, I’ve, , there’s, Morgan Stanley, persuasively, Herbert Stein Organizations: Solutions, CNN, JPMorgan Chase, State Street, Global Energy Monitor, Farallon Capital, Locations: BlackRock, Ukraine, United States, Texas, Farallon
New York CNN —Meta’s AI image generator is coming under fire for its apparent struggles to create images of couples or friends from different racial backgrounds. The same thing happened when prompted by CNN to create an image of an Asian woman with a White husband. This screen grab of an Imagine with Meta AI prompt shows an AI-generated image. Catherine Thorbecke/CNN via Imagine with Meta AIMeta released its AI image generator in December. Please try something else.”This screen grab of Imagine with Meta AI shows a message in response to a prompt.
Persons: Catherine Thorbecke, Meta, , OpenAI’s Dall Organizations: New, New York CNN, CNN, East, Meta, Google Locations: New York, America, White
Jakub Porzycki | Nurphoto | Getty ImagesCrypto startup Ripple is the latest major player to jump into the $150 billion stablecoin market with the launch of a digital currency pegged to the U.S. dollar. The move would pit Ripple against stablecoin giants like Tether, which is behind the largest stablecoin UDST, and USDC issuer Circle. Payments giant PayPal , meanwhile, launched its own U.S. dollar stablecoin called PayPal USD, a stablecoin backed by U.S. dollars and dollar equivalents that is issued by crypto firm Paxos. watch nowTether is the market leader for stablecoins with a market capitalization of $106.3 billion, according to CoinGecko data. "In fact, the number one request we get from the XRP community is to launch a USD-backed stablecoin on the XRP Ledger."
Persons: Jakub Porzycki, Brad Garlinghouse, he's, Garlinghouse, Tether's, USDT, USDC, MoneyGram Organizations: U.S, SEC, Nurphoto, Getty, U.S ., PayPal, CNBC, Bank, FinCEN, Santander, U.S . Securities, Exchange Commission, Southern, of Locations: U.S, Europe, Asia, New York, Ireland, Singapore, of New York
Agility Robotics said it laid off a "small number" of employees on Wednesday. The company told Business Insider that the job cuts affected a "small number" of employees. Amazon is testing its Agility's Digit robots in a research and development facility near Seattle. AdvertisementAn electrical engineer at the humanoid robotics firm shared in posts on LinkedIn and X that he was "one of the many laid off" at the company. AdvertisementJohnson previously told BI that it will churn out "hundreds" of its Digit robots in 2025 and then "ramp up capacity to thousands" in the years that follow.
Persons: , Lisa Haugh, Crunchbase, it's, Peggy Johnson, Johnson, It's Organizations: Robotics, Service, Business, Industrial Innovation, LinkedIn, Bureau of Labor Statistics Locations: Oregon, Seattle
Chipmakers and governments, including the US government, have in recent years invested billions in efforts to diversify chip production, but many experts worry that process is not happening fast enough. TSMC produces an estimated 90% of the world’s most advanced semiconductor chips, which power countless devices people rely on daily. Still, even an hours-long shutdown of certain chip production could take weeks to recover from. The race to diversify chipmakingWednesday’s earthquake will likely only add pressure to efforts underway for years to grow chipmaking capacity outside of Taiwan. Experts say it’s a sign that the diversification of the chip supply chain is not moving quickly enough to account for the risks of remaining concentrated in Taiwan.
Persons: chipmaker, TSMC, ” TSMC, , David Bader, ” Bader, facilites, wasn’t, Joe Unsworth, Foxconn —, Angelo Zino, Joe Biden Organizations: New, New York CNN, Taiwan Semiconductor Manufacturing Company, Apple, Qualcomm, Nvidia, AMD, Institute for Data Science, New Jersey Institute of Technology, Barclays, Tech, United Microelectronics Corporation, Micron Locations: New York, Taiwan, chipmaking, China, United, Japan, Germany, United States, Arizona
Like many other enterprise companies, Symphony was locked into its cloud providers as its tech stack became increasingly entwined with and dependent on the cloud companies' tools and software. Some of that computing power and storage comes from the major cloud providers themselves, by way of consumer devices, but they can also come from a company's own private cloud, Gurle said. On Wall Street, tech execs constantly look for new ways to keep cloud costs in check. This is reaching new heights thanks to the AI craze, with the construction of data centers wreaking havoc on rural communities. Here's the pitch deck Hive used to raise $13 million.
Persons: David Gurle, Gurle Organizations: Service, Symphony, Wall Street, Amazon Web Services, Google, Business, Oracle Labs, University of California, Hive, SC Ventures, Chartered, French Locations: University of California Berkeley, America
Yaron Goldstein retired at 36, following a successful career as a data scientist. AdvertisementYaron Goldstein retired at 36, around 10 years after he first started working. His career as a data scientist took him from consulting to tech giants such as Google and Meta. Goldstein told Business Insider that he found two money strategies that worked for him. This story is available exclusively to Business Insider subscribers.
Persons: Yaron Goldstein, Goldstein, Organizations: Service, Google, Meta, Business
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