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☆ I'm a student at NYU Stern. The school can be perceived as cutthroat and competitive, but I've found a supportive community.
▼ + stars: | 2023-11-30 | by ( Vincent Campanaro | ) www.businessinsider.com time to read: +6 min

I hesitated to enroll in NYU Stern because of its reputation for being cutthroat and competitive. AdvertisementChoosing New York University's Stern School of Business as my new home was not a decision I took lightly. I've discovered the reality at Stern contrasts sharply with the stereotypesContrary to popular belief, the stereotypes about Stern students are just that — stereotypes. AdvertisementStern is not a traditional college experience, but it's perfect for meMany people say the Stern experience is like getting your MBA as an undergrad. The school's hyperfocused approach, combined with the lack of a "traditional" college campus differentiates it starkly from a conventional college experience.

Persons: NYU Stern, —, University's, Stern, I've, résumés, they've, It's Organizations: NYU, Service, University's Stern School of Business, U.S . News, Stern Locations: Wall, Manhattan

☆ Why is medieval art so weird? This new book offers a guide to the era
▼ + stars: | 2023-11-23 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +7 min

CNN —So you want to live like you’re from the Middle Ages? Swarthout is the researcher behind the popular art history-inspired social media account Weird Medieval Guys, which has attracted nearly 700,000 followers on X, formerly Twitter, since she began posting with the handle @WeirdMedieval in April 2022. Swarthout is not a historian, but a recently graduated statistician who took art history during undergrad. Württemberg State Library Stuttgart/Courtesy Penguin Random HouseThere’s a reason why Medieval art is particularly, well, weird. Watch: “Monty Python and the Holy Grail (1975)The classic satire of Arthurian legend mined the Middle Ages for comedic gold decades before Medieval memes were a thing.

Persons: it’s, Olivia M, commonfolk, Guy, —, ” Swarthout, Swarthout, ”, Jonah, tradespeople, Andreas, Monty Python, Jack Hartnell Organizations: CNN, Dark Times, University of Pennsylvania, Twitter, Stuttgart, Xbox Locations: Camelot

Microsoft had no official say with the board when Altman, the company’s key contact, was fired. That is partly as a hedge for the fact it has no control over the start-up’s board. It involves the holy grail of OpenAI’s work: achieving artificial general intelligence, or A.G.I. Scott Syphax, a corporate governance expert, told DealBook that the deal could raise red flags with regulators if it threatens the nonprofit’s tax-exempt status. Another area Syphax is watching: the valuation that Microsoft placed on OpenAI after its investment and whether it acquired the I.P.

Persons: Altman, Nadella, Kara Swisher, Brockman, ”, Microsoft’s, Scott Syphax, DealBook, Bill Gurley, Satya Organizations: Microsoft, Times Locations: “, Grubhub

☆ Here’s how AI can — and can’t — help you look for a job
▼ + stars: | 2023-11-17 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +6 min

Job seekers using free AI programs like ChatGPT are asking the programs to tailor their resumes to a specific employer and job description, write cover letters, create writing samples and provide answers on job applications, according to Gartner, a research and consulting firm. Job candidates also can use it to help prepare for interview questions, should they get to that stage. “Use AI as a tool, but don’t use it as your only tool. “AI may not be as good in highlighting transferrable skills or telling the narrative of why you want to change careers. The best and most common way people find their next job is through their network,” Haller said.

Persons: ”, Darci Smith, David Timis, ” Smith, Smith, Jamie Kohn, ” Kohn, you’re, You’re, Stacie Haller, Haller, “, Kohn, It’s, ” Haller Organizations: New, New York CNN, Gartner, CNN, Roklyn Consulting, Google Locations: New York, Timis

☆ A former Vice exec is launching an AI platform that can visualize entire stories, scripts, or poems from the text
▼ + stars: | 2023-11-16 | by ( Marta Biino | ) www.businessinsider.com time to read: +4 min

He started Lore Machine with Moises Sanabria, the company's chief prompt officer, and Kutlu Mizrak, who is in charge of natural-language processing. Lore Machine turns text stories into images, ensuring consistency in style for the different characters, locations, and recurring elements. Stable Diffusion vs Midjourney) depending on their preferences and their values. Lore Machine is currently in beta, and being used by screenwriters, artists, novelists, graphic novelists, and animators, with a waitlist of over 12,000, the company said. Campion said he expects Lore Machine to be publicly available in early 2024.

Persons: Thobey Campion, Campion, Moises Sanabria, Kutlu Mizrak, Machine's, it's, Phil Gelatt, Lore Machine's, Lore, Samuel T Organizations: Business, Machine, Hollywood, Lore Machine

☆ ‘Spamalot’ Review: You’ll Laugh in Its General Direction
▼ + stars: | 2023-11-16 | by ( Jesse Green | More About Jesse Green | ) www.nytimes.com time to read: +1 min

If you’ve seen “Monty Python and the Holy Grail,” the 1975 movie spoof of all things Arthurian and many things not, you know the coconuts I mean. And if you’re enough of a Python fan to have also seen “Spamalot,” the 2005 Broadway musical “lovingly ripped off” from the film, you’ve probably memorized the whole bit. That’s the one in which Arthur’s trusted patsy, Patsy, slaps coconut halves together so the deluded king can pretend he has a horse. Among many others, so are a troupe of self-flagellating monks, a cart of corpses, a vulgar French taunter and a Trojan rabbit. This one, directed and choreographed by Josh Rhodes, gives the “ni”-sayers what they want.

Persons: Monty Python, “, you’ve, Arthur’s, patsy, Patsy, James, Eric Idle, John Du Prez, ”, Josh Rhodes, sayers Organizations: St Locations: England

☆ Most expensive Ferrari ever auctioned fetches $51.7 million
▼ + stars: | 2023-11-15 | by ( Jack Guy | ) edition.cnn.com time to read: +2 min

CNN —A 1962 Ferrari 250 GTO has sold for $51.705 million, becoming the most expensive car from the Italian manufacturer ever sold at auction. “Now, it ranks among the most expensive cars sold at auction, a true testament to its singular place in history,” he added. Only 39 examples of the 250 GTO were built by the legendary Italian marque between 1962 and 1964, and it’s extremely rare for an owner to part with one at any price. Renowned car collector David MacNeil, founder and CEO of automotive floor-mat company WeatherTech, bought chassis number 4153 GT for $70 million in 2018. “The Ferrari 250 GTO is the motoring market’s equivalent of Van Gogh’s ‘Sunflowers’ and a talisman for any top-end collection,” said Knight.

Persons: Gord Duff, ” Duff, Le, ”, David MacNeil, James Knight, Van, “ Organizations: CNN, Ferrari, Scuderia Ferrari Locations: Sotheby’s, New York

☆ Cruise's recall means trouble for driverless car companies
▼ + stars: | 2023-11-11 | by ( Tom Carter | ) www.businessinsider.com time to read: +5 min

Cruise recalled its entire driverless car fleet after they were banned in California following a fatality. Now other driverless car companies are facing questions over the safety of their vehicles. AdvertisementAdvertisementCruise's robotaxi rollout in San Francisco has turned into a fiasco , with the driverless car firm facing growing questions over just how safe its vehicles really are . A self-driving Waymo car in San Francisco. AdvertisementAdvertisementCruise's recall has sparked renewed scrutiny of the decision to allow the driverless car company and its rival Waymo to operate their robotaxi services in San Francisco 24/7 .

Persons: Cruise, —, Pete Buttigieg, Sen, David Cortese, Gavin Jackson, Jackson, Waymo Organizations: Service, Google, Getty Locations: California, San Francisco, Phoenix, Austin, Los Angeles

When the San José made its final voyage from Seville, Spain, to the Americas in 1706, the Spanish galleon was considered to be one of the most complex machines ever built. But in an instant, the armed cargo vessel went from a brilliant example of nautical architecture to what treasure hunters would come to consider the Holy Grail of shipwrecks. The San José was destroyed in an ambush by the British in 1708 in what is known as Wager’s Action, sinking off the coast of Cartagena, Colombia, with a haul of gold, jewels and other goods that could be worth upward of $20 billion today. But the myth built around the San José has prompted the Colombian government to keep its exact location a secret as a matter of national security. It is the latest maneuver in a decades-long drama that has pitted treasure hunters, historians and the Colombian government against one another.

Persons: José, Gustavo Petro Locations: Seville, Spain, Americas, Spanish, José, Cartagena, Colombia, Colombian

☆ A 'Black Swan' investor warns of the biggest debt bubble in history - and predicts the Fed's efforts will end in disaster
▼ + stars: | 2023-11-09 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

A "Black Swan" investor says there's a huge debt bubble and the Fed's policies will end in disaster. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. I don't think that should be a controversial statement." "Treasuries are not a safe haven, they're very much a hopeful haven. I think that they're pretty cheap right now, frankly, so I don't want to trash them too much.

Persons: there's, Mark, Treasuries, Spitznagel, —, Mark Spitznagel, it's, They've, It's, Peter Lynch, I'm Organizations: Service, Universa Investments, Yahoo Finance

☆ Illumina cuts annual profit forecast for second straight quarter
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +2 min

A sign at the front entrance to the global headquarters of Illumina is pictured in San Diego, California, U.S., November 28, 2022. REUTERS/Mike Blake/File Photo Acquire Licensing RightsCompanies Grail Inc FollowIllumina Inc FollowNov 9 (Reuters) - U.S. genetic testing Illumina (ILMN.O) on Thursday trimmed its annual profit forecast for the second straight quarter, hurt by weakness in demand for its sequencing instruments, consumables and services. Illumina also disclosed it recognized $712 million in goodwill and $109 million in intangible asset impairment related to the Grail segment, in the quarter. Illumina sees full-year adjusted profit per share to be between $0.60 and $0.70, versus its prior forecast range of $0.75 to $0.90. On an adjusted basis, the company earned 33 cents per share during the quarter, versus analysts' estimate of 12 cents per share.

Persons: Mike Blake, Illumina, Pratik Jain, Shilpi Majumdar Organizations: REUTERS, Thomson Locations: San Diego , California, U.S, China, Bengaluru

☆ Opinion | The Road Back From Hell
▼ + stars: | 2023-11-08 | by ( Daniel Levy | ) www.nytimes.com time to read: +8 min

The nations opposing a cease-fire — Israel, the United States, some European countries and a few others — might acknowledge the perils looming. The United States would need to push for such an outcome, working alongside Qatar and regional states that have Israel’s ear. Revived Palestinian national political structures will be a critical component in advancing broader Israeli-Palestinian conflict resolution after this war. The road back from the hell of a zero-sum “us or them” begins with the humanizing of the other. Maybe it’s a road that eventually leads us back to a two-state dispensation.

Persons: Benjamin Netanyahu, Israel nixed, Bill Burns, Netanyahu, Israel, Israel’s overreach, ” Organizations: Gaza Health Ministry, West Bank, Qatar, Palestinian, Palestinian Authority, Palestine Liberation Organization, Nations Locations: Israel, Gaza, East Jerusalem, Lebanon, United States, U.S, Qatar, Oslo

☆ The history of the San José galleon, the 300-year-old sunken ship behind a $10 billion legal battle, known as the 'Holy Grail of Shipwrecks'
▼ + stars: | 2023-11-08 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +4 min

The San José galleon sank off the coast of Colombia in 1708 during a battle with British forces. Many of the treasures on board the San José were taken from Colombian and Peruvian mines using slave labor, Insider previously reported. ARMADA DE COLOMBIAIn 1708, the year the San José met its tragic fate, Spain was in the midst of the War of Spanish Succession. ARMADA DE COLOMBIAOn the night of June 8, 1708, British commander Charles Wager attacked the Spanish fleet near Cartagena, Colombia. By modern estimates, the San José may contain between $4 billion and $20 billion of riches, according to Bloomberg.

Persons: —, José, Spain's, King Philip of Anjou, Charles of Austria, Philip of Anjou, King Louis XIV, Philip, Charles Wager Organizations: British, Service, West Indies Fleet, Spanish, Expedition, Bloomberg Locations: San, Colombia, Colombian, San Jose, COLOMBIA, Spain, Spanish, France, Cartagena , Colombia, Santa Cruz, American, Bolivia

☆ Google researchers deal a major blow to the theory AI is about to outsmart humans
▼ + stars: | 2023-11-07 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

The race to build AI as smart as humans, or AGI, looks like it suffered a major blow. Google researchers found the transformer technology behind AI isn't very good at generalizing. AdvertisementAdvertisementGoogle researchers may have just given a major reality check to the ambitions of CEOs in chase of AI's holy grail. As it stands, AI is pretty good at specific tasks but less great at transferring skills across domains like humans do. AdvertisementAdvertisementTransformers' opacity and the scale of the data they're pretrained on gave some the illusion that they generalize beyond it.

Persons: —, Steve Yadlowsky, Nilesh Tripuraneni, they've, Pedro Domingos, AGI, Satya Nadella, Sam Altman, Arvind Narayanan, Jin Fan, G5mBuX6O36, Jim Fan, Domingos, it's, — Pedro Domingos, @pmddomingos, Sharon Zhou Organizations: Service, University of Washington, Microsoft, Nvidia, Google Locations: LLMs, Princeton, AGI

☆ How Does the World’s Largest Hedge Fund Really Make Its Money?
▼ + stars: | 2023-11-01 | by ( Rob Copeland | More About Rob Copeland | ) www.nytimes.com time to read: +2 min

For years, the whispered questions have passed from one Wall Street trading floor to the next. Bridgewater Associates, a global investing force, had $168 billion under management at its peak in 2022, making it not just the world’s largest hedge fund, but also more than twice the size of the runner-up. Yet the hedge fund’s overall descriptions of its investment approach could be maddeningly vague. Mr. Dalio often said he relied on Bridgewater’s “investment engine,” a collection of hundreds of “signals,” or quantitative indicators that a market was due to rise or fall. (One rule reads, in part: “Not all opinions are equally valuable so don’t treat them as such.”)

Persons: Ray Dalio, Dalio, Bridgewater Organizations: Bridgewater Associates, Bridgewater, White, Federal Reserve Locations: Manhattan, Bridgewater

☆ How Apple's thinking about AI spending and deployment differs from Big Tech rivals
▼ + stars: | 2023-11-01 | by ( Bob Woods | ) www.cnbc.com time to read: +9 min

And, of course, we've been doing research across a wide range of AI technologies, including generative AI, for years," he said. The upgraded camera uses machine-learning AI to tell the difference between a person and an animal in the frame. Laura Martin, a tech analyst at Needham, is among those who say Apple is "far behind" its big tech rivals. The early edge in generative AI is paying off for rivals, as was evidenced by Microsoft's recent earnings report. "We believe they are on the cusp of what will be the introduction of an AI App Store over the next year," he said.

Persons: Brendan Burke, That's, Tim Cook, Cook, we've, Siri, Apple, it's, Laura Martin, Martin, I'm, Ives, that's, what's, OpenAI, Google's Bard, Burke, Claude Organizations: Apple, Microsoft, Google, Vision Pro, Amazon Web Services, Bloomberg, Meta, Financial Times Locations: Cupertino, California, Seattle, Paris, Beijing, Anthropic

☆ E.l.f. Beauty blows past Wall Street's estimates, raises full-year guidance again
▼ + stars: | 2023-11-01 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +4 min

Beauty raised its full-year outlook for the second quarter in a row on Wednesday after posting another 76% year-over-year sales jump, beating Wall Street's expectations. During the previous quarter, sales were also up 76%. That's ahead of projected full-year sales of $852 million, or growth of 47.1%, that analysts had expected, according to LSEG. It now expects full-year adjusted earnings to be between $144 million and $146 million, compared with a previous range of $125 million to $127 million. previously expected full-year adjusted earnings per share to be between $2.19 and $2.22.

Persons: E.l.f, Tarang Amin, Amin, We've, it's Organizations: LSEG, CNBC, Procter, Gamble, Walmart, Target

☆ They went hunting for fossil fuels. What they found could help save the world
▼ + stars: | 2023-10-29 | by ( Laura Paddison | ) edition.cnn.com time to read: +9 min

“This was not a real surprise for us,” Pironon told CNN; it’s common to find small amounts near the surface of a borehole. Arguably, the catalyst for the current interest in white hydrogen can be traced to this West African country. White hydrogen deposits have been found throughout the world, including in the US, eastern Europe, Russia, Australia, Oman, as well as France and Mali. “Natural hydrogen is a solution which will allow us to get get to speed” on climate action, he said. Natural Hydrogen Energy LLCFrom hype to realityThe challenge for these businesses and for scientists will be translating hypothetical promise into a commercial reality.

Persons: Jacques Pironon, Phillipe De Donato, ” Pironon, Pironon, “ Gray, ’ ”, Geoffrey Ellis, “, ”, Ellis, Isabelle Moretti, Neil McDonald, Bill Gates, geochemist Viacheslav, ” Zgonnik, ” Ellis, that’s, De Donato’s, – Organizations: CNN, National, of Scientific Research, US Geological Survey, University of Pau, University of Sorbonne, Geologists, Energy Ventures, Natural Hydrogen Energy, Hydrogen Energy Locations: France, Lorraine, Mali, Bourakébougou, University of Pau et, l’Adour, Europe, Russia, Australia, Oman, Yorke, South Australia, Denver, Nebraska, Kansas

AdvertisementAdvertisementYou can get Southwest's Companion Pass by earning 135,000 Rapid Rewards points within a year — and this credit card bonus will get you more than halfway there. This elevated welcome bonus is available on all three personal credit cards:AdvertisementAdvertisementThe Southwest Rapid Rewards® Priority Credit CardThe Southwest Rapid Rewards® Premier Credit CardAnd the Southwest Rapid Rewards® Plus Credit Card. Southwest Rapid Rewards® Plus Credit Card Apply now lock icon An icon in the shape of lock. Annual fee Insider’s Take The Southwest Rapid Rewards® Premier Credit Card is worth considering if you fly Southwest, even occasionally. Otherwise, have a look at other Southwest cards like the Southwest Rapid Rewards® Plus Credit Card and Southwest Rapid Rewards® Premier Credit Card, which have lower annual fees but the same elevated welcome bonus offer.

Persons: Nicolas Economou, Getty Images We're, —, We'll, you've, Miles, you'll Organizations: Rapid, Getty Images, Southwest, Rewards, Card, Southwest Airlines, Service, Southwest ®, FDIC, Rapid Rewards, Chase, eBay, Southwest Hotels Locations: U.S, Southwest

☆ This $1,000 Test Finds Signs of Cancer in Your Blood
▼ + stars: | 2023-10-25 | by ( Alex Janin | ) www.wsj.com time to read: 1 min

Doctors, researchers and patient advocates are excited about a new blood test that promises to detect cancer early. They disagree about whether you should actually use it yet. The $949 Galleri liquid biopsy can screen for more than 50 types of cancers. It works by looking for a shared cancer signal in DNA shed by tumors in the bloodstream. More than 130,000 of the prescription-only tests have been sold since Galleri became available in June 2021, according to the test maker Grail, a unit of the gene-sequencing company Illumina .

Persons: Galleri

☆ Activist Icahn sues Illumina board over Grail acquisition - FT
▼ + stars: | 2023-10-17 | by ( ) www.reuters.com time to read: 1 min

Billionaire activist-investor Carl Icahn gives an interview on FOX Business Network's Neil Cavuto show in New York, U.S. on February 11, 2014. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsCompanies Grail Inc FollowIllumina Inc FollowOct 17 (Reuters) - Activist-investor Carl Icahn said his firm had sued current and former board directors at Illumina (ILMN.O) concerning the acquisition of gene-sequencing company Grail (GRAL.O), the Financial Times reported on Tuesday. Reporting by Mrinmay Dey in Bengaluru; Editing by Sherry Jacob-PhillipsOur Standards: The Thomson Reuters Trust Principles.

Persons: Carl Icahn, Neil Cavuto, Brendan McDermid, Mrinmay Dey, Sherry Jacob, Phillips Organizations: FOX Business, REUTERS, Financial Times, Thomson Locations: New York, U.S, Illumina, Bengaluru

☆ Illumina to divest Grail within a year if it does not win challenge in EU court
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +2 min

Companies Grail Inc FollowIllumina Inc FollowOct 13 (Reuters) - Illumina (ILMN.O) said on Friday it would divest cancer test maker Grail (GRAL.O) in 12 months, according to the terms of the European Commission's order, if the life sciences company does not win its challenge in court. EU antitrust regulators on Thursday ordered Illumina to divest Grail, after it completed the deal before securing their approval. The San Diego-based genetic testing company last year challenged the EU watchdog saying it does not have jurisdiction over the acquisition of Grail. But if it is not successful with either its ECJ jurisdictional appeal or in a final decision of the U.S. Fifth Circuit Court of Appeals, Illumina will divest Grail. Illumina had in June appealed against the order by the Federal Trade Commission, which enforces antitrust law in the U.S., to divest Grail.

Persons: Illumina, it's, Sriparna Roy, Shilpi Majumdar Organizations: Illumina, European Court of Justice, U.S, Fifth, Appeals, Federal Trade Commission, Thomson Locations: San Diego, U.S, Bengaluru

☆ Illumina Ordered by EU to Unwind Grail Acquisition
▼ + stars: | 2023-10-12 | by ( Kim Mackrael | Peter Loftus | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

BRUSSELS (AP) — The European Union on Thursday ordered U.S. biotech giant Illumina to undo its $7.1 billion purchase of cancer-screening company Grail because it closed the deal without approval of regulators in the 27-nation bloc. The EU already slapped a $475 million fine on Illumina over the summer for jumping the gun on the acquisition without its consent. Allowing the deal to stand would have undermined the credibility of EU regulators. The EU accused Illumina and Grail of knowingly and deliberately merging before getting clearance in what amounted to a vital infringement of the rules. Illumina must “restore the situation prevailing before” the acquisition, regulators said, and how Illumina divests itself of Grail also needs EU approval.

Persons: Didier Reynders, Illumina, ”, Grail Organizations: Union, Thursday, EU, Companies, European Commission, Illumina, Regulators, Federal Trade Commission Locations: BRUSSELS, EU, U.S, San Diego

Companies Grail Inc FollowIllumina Inc FollowBRUSSELS, Oct 12 (Reuters) - U.S. genetic testing company Illumina (ILMN.O) has been ordered by EU antitrust regulators to sell cancer test maker Grail (GRAL.O) after it completed the deal before securing their approval. The gun-jumping cost Illumina a record EU antitrust fine of 432 million euros ($457 million) for such an offence. The EU watchdog ordered Illumina to restore Grail's independence to the same level as prior to its acquisition and to ensure that it is as viable and competitive as before the takeover. Illumina can choose to divest Grail via a trade sale, a capital markets transaction or other methods, but must do it within strict deadlines. The company must keep Grail separate and viable until the sale is completed.

Persons: Illumina, Foo Yun Chee, Philip Blenkinsop Organizations: pharma, EU, European Commission, Thomson

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