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☆ Deutsche Telekom CEO: Europe has lost its momentum in the digital world
▼ + stars: | 2024-02-25 | 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 EmailDeutsche Telekom CEO: Europe has lost its momentum in the digital worldTim Hoettges, CEO of Deutsche Telekom, speaks to CNBC's Karen Tso from the Mobile World Congress in Barcelona.

Persons: Tim Hoettges, Karen Tso Organizations: Deutsche Telekom CEO, Deutsche Telekom, Mobile Locations: Europe, Barcelona

☆ Huawei spin-off Honor shows off tech to control a car with your eyes and chatbot based on Meta's AI
▼ + stars: | 2024-02-25 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Honor demonstrated how its smartphone eye-tracking technology could be used to control a car. One demo involved an app to control a car. As part of its press conference, Honor demonstrated eye-tracking technology in the smartphone. BARCELONA — Chinese firm Honor on Sunday showed off technology that allows a user to control a car just by using their eyes. In a video about the feature, Honor showed how a person could stare at one of the commands and the car would carry out the function such as moving forward.

Organizations: Mobile, Huawei, MWC Locations: Barcelona, Spain, BARCELONA, China

☆ Smartphone giants like Samsung are going to talk up 'AI phones' this year — here's what that means
▼ + stars: | 2024-02-25 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +4 min

Companies like Qualcomm and MediaTek have launched smartphone chipsets that enable the processing power required for AI applications. Large language models are huge AI models trained on vast amounts of data that underpin applications like the widely popular chatbots. The other big part of the AI smartphone puzzle is the term "on-device AI." Previously, many AI applications on devices were actually partly processed in the cloud, then downloaded onto the phone. Smartphone makers say on-device AI improves the security of gear, unlocks new applications and also makes them faster, since the processing is done on the handset.

Persons: SeongJoon Cho, OpenAI's ChatGPT, Bryan Ma, Ma, Ben Wood, Wood Organizations: Samsung Electronics Co, Samsung, Bloomberg, Getty, Mobile World Congress, MWC, IDC, CNBC, Qualcomm, MediaTek, CCS Insight Locations: Seoul, South Korea, Barcelona, Spain

☆ Premarket stocks: Could the Federal Reserve rule out rate cuts in 2024?
▼ + stars: | 2024-02-22 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

Now, some are wondering if the central bank might not cut rates at all in 2024. He expects the central bank to cut rates two to four times this year. Plus, there’s no official indication that the central bank won’t cut rates this year. • If the neutral interest rate, or the rate that maintains full employment and stable inflation, is revised upward closer to 3.5%. The neutral rate should be 2.5%, based on Fed officials’ estimates for the central bank’s key interest rate, inflation and unemployment.

Persons: stoked, Stocks, won’t pare, ”, Tom Graff, Jerome Powell, Oliver Darcy, “, Eddy, Apple’s, Read, Here’s what’s, Chris Isidore Organizations: CNN Business, Bell, New York CNN —, Federal Reserve, Deutsche Bank, Fed, Deutsche Bank economists, ” Apple, Wednesday, Apple Sports, NBA, NHL, MLS, NCAA, NFL, MLB, ESPN, Labor Department, Bureau of Labor Statistics, SAG Locations: New York, America

☆ Apple launches its first sports app
▼ + stars: | 2024-02-21 | by ( Oliver Darcy | ) edition.cnn.com time to read: +2 min

The company on Wednesday launched Apple Sports, a free app for the iPhone that delivers real-time scores, key statistics, and live betting odds. At launch, users will have access to live data from the NBA, NHL, and MLS, among other leagues. On Wednesday, Apple will launch a new app. Apple has in recent years struck deals with various sports leagues, such as the MLB and MLS, to stream games on its Apple TV+ streaming service. While Apple Sports can alert users to where a game is being broadcast, it will not stream games directly inside the app, instead pointing users to the correct app to watch the action.

Persons: “, ”, Eddy, Apple’s Organizations: CNN, Apple, Wednesday, Apple Sports, NBA, NHL, MLS, NCAA, NFL, MLB, Services, ESPN, Super Bowl, Nielsen

☆ Here's an exclusive look at the pitch deck former VMWare executives used to land $25 million for their 'mobile cloud' startup
▼ + stars: | 2024-02-21 | by ( Vishal Persaud | ) www.businessinsider.com time to read: +1 min

Highway 9 Networks, a cloud computing startup, has secured $25 million in round led by Mayfield. The startup offers a mobile cloud product that allows companies to deploy a private mobile network. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementThree years ago, Allwyn Sequeira and his Highway 9 Networks cofounders set out to embark on what the startup calls the mobile cloud. The startup is now coming out of stealth with a $25 million round led by Mayfield, with General Catalyst and Detroit Ventures contributing to the funding.

Persons: Mayfield, —, Allwyn Sequeira, Debashis Basak, Serge Maskalik, Sachin Thakkar Organizations: Service, VMWare, Networks, Mayfield, Catalyst, Detroit Ventures, Business

☆ An Alabama judge ruled that frozen embryos are people, and reproductive rights advocates are sounding the alarm
▼ + stars: | 2024-02-20 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +4 min

In its decision, which has already drawn criticism from reproductive rights advocates, the Alabama Supreme Court ruled that frozen embryos have the same rights as living children under Alabama's Wrongful Death of a Minor Act. AdvertisementSome experts on reproductive rights are already sounding the alarm over the new ruling. "This is a cause of great concern for anyone that cares about people's reproductive rights and abortion care." AdvertisementThe case reached the Alabama Supreme Court after a lower court dismissed the couples' claims, though they later appealed. Later this year, the Supreme Court is expected to rule on access to mifepristone, a drug that can terminate a pregnancy alongside misoprostol.

Persons: —, Alabama that's, they're, Tom Parker, Roe, Wade, Dana Sussman, Sussman, they'll, misoprostol Organizations: Service, Business, Pregnancy, Washington Post, The Center, Reproductive, Center for Reproductive Medicine, Mobile Infirmary Medical Center, Medical Association of Locations: Alabama

☆ Russia's NATO neighbors are building hundreds of bunkers and anti-tank ditches in case of an invasion
▼ + stars: | 2024-02-15 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +5 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementEstonia, Lithuania, and Latvia are busy building massive defensive installations along their collective 1,000 miles of border with Russia and Belarus. The Baltic Defense Line, comprising hundreds of bunkers and other defensive measures, was a key part of an agreement struck between the three countries last month, prompted by the war in nearby Ukraine. Advertisement"A Baltic defensive line is a huge project," Lukas Milevski, a research fellow at the Foreign Policy Research Institute, wrote recently. A diagram of prototype bunkers published by Estonia's defense ministry shows how the oblong structures are designed to fit into a T-shaped dugout, their entrance protected by earthworks.

Persons: —, 🛡️, evkur, e cade, " ERR, Baker, ure, ely, vic, ted as say Organizations: Service, Baltic Defense, ici Locations: Estonia, Lithuania, Latvia, Russia, Belarus, Ukraine, Eston, ain

☆ Elad Gil, tech's biggest solo capitalist, sees an AI app wave coming
▼ + stars: | 2024-02-14 | by ( Darius Rafieyan | Samantha Stokes | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementThe year of the "AI app layer"Gil sees 2024 as the year that the “AI app layer” will start to crystalize, bringing the power of rapidly advancing foundation models to the masses. For someone with so much skin in the AI game, it’s notable that Gil’s portfolio does not include the big foundation models companies like OpenAI, Anthropic, and Cohere. Gil says he has been impressed with how quickly the legacy tech companies have moved to corner the market on cutting-edge AI research. But with the Biden administration’s more robust antitrust posture, Gil says there’s a lot of much-needed consolidation that’s not happening.

Persons: —, OpenAI, Elad Gil, Harvey, Character.ai, “ We're, ” Gil, ChatGPT, Gil, Gil's, ”, “ they’ve, Biden, there’s Organizations: Service, Business, Twitter, Mixer Labs, Google, Apple, Fortune, “ Enterprises Locations: Airbnb, MistralAI, Silicon Valley

☆ Sam Altman compares today's ChatGPT to a 'barely useful cellphone'
▼ + stars: | 2024-02-13 | by ( Ana Altchek | ) www.businessinsider.com time to read: +1 min

OpenAI CEO Sam Altman compared the current ChatGPT model to a "barely useful cellphone." NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . But OpenAI CEO Sam Altman does — and he compared it to the current model of ChatGPT. "We're at this barely useful cellphone," Altman said this week at the World Government Summit, where he made a virtual appearance.

Persons: Sam Altman, Altman, —, OpenAI Organizations: Service, World Government, Business

☆ It's not just you: Facebook says people are hearing a chirping sound while scrolling on their phones because of a 'technical error'
▼ + stars: | 2024-02-13 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +1 min

Some Facebook users have reported hearing a chirping sound as they're scrolling in the app. Meta comms chief Andy Stone says it's "an unfortunate technical error" that the company is fixing. AdvertisementSome Facebook users have reported hearing a chirping sound as they're scrolling through the mobile app, and now the company has weighed in. "Hearing a chirping noise while scrolling through your Facebook Feed on your iPhone? And it's an unfortunate technical error that we're in the process of fixing," Meta's director of communications, Andy Stone, said in a tweet on Tuesday.

Persons: Andy Stone, — Organizations: Facebook, Service, Business

☆ Apple calls its Vision Pro a ‘spatial computer’—here’s what that means
▼ + stars: | 2024-02-08 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +2 min

Think of "spatial computing" as an umbrella term that refers to merging the digital world with the physical world in a seamless way. Instead, Apple refers to the Vision Pro as a "spatial computer." If you're in the U.S. and have an extra $3,500 lying around, you can now get Apple's latest gadget, the Vision Pro — but don't call it a virtual reality headset. While both augmented reality and virtual reality fall under the spatial computing umbrella, the two terms refer to different user experiences. Apple is positioning the Vision Pro as a full-on computer that could work as an alternative to your desktop or laptop, instead of a device that's mainly used for entertainment, he adds.

Persons: Apple, Louis Rosenberg, Rosenberg, they're Organizations: Apple, Vision, CNBC Locations: U.S

The number of affordable units — with rents under $600 — also dropped to 7.2 million that year, 2.1 million fewer than a decade earlier. Photos You Should See View All 45 ImagesThose factors contributed to a dramatic rise in eviction filings and a record number of people becoming homeless. "It just hits you like, ‘This is for nothing.’"In Auburn, Massachusetts, pervasive rent hikes have already hit the last bastion of affordable housing. Just off an interstate alongside a pond, residents at the American Mobile Home Park face rent increases upwards of 40%. The group Lawyers For Civil Rights has sent a letter to the landlord accusing it of “unconscionable rent increases," and failing to provide critical services like adequate garbage and snow removal.

Persons: Caitlyn Colbert, Colbert, “, ”, —, Whitney Airgood, Obrycki, ” Colbert, haven’t, Amy Case, Ann Urbanovitch, Zach Neumann, Monique Gant, Gant, Nick Graetz, ” Graetz, Chris Herbert, Jared Polis, ___ Casey, ___ Organizations: DENVER, Harvard Joint Center for Housing Studies, Harvard, Habitat, Humanity, American Mobile, Civil Rights, Associated Press, Colorado Judicial, Community Economic Defense, Princeton, ”, Colorado Gov, America Statehouse News Initiative, America Locations: Denver, U.S, ”, Auburn , Massachusetts, Colorado, Washington, Massachusetts, Boston

☆ An ex-finance trader launched a mobile coffee business and grew its sales by over 550% — she shares the 3 strategies that made her truck a household name in Phoenix
▼ + stars: | 2024-02-05 | by ( Bella Sayegh | ) www.businessinsider.com time to read: +8 min

Devon McConville is a former day trader who owns First Place Coffee, a Phoenix-based coffee truck. Now, McConville runs a beloved fixture of the Phoenix drink scene: First Place Coffee, a coffee vendor on wheels. First Place Coffee serves specialty coffee and espresso drinks from a 1970 Chevy P10 truck that regulars know as "Matilda." "I really had this vision to really create a community around a mobile coffee business," McConville said. "It seems really small, to own and operate a mobile coffee business, but I think it really has a large effect that radiates out from it," McConville said.

Persons: Devon McConville, McConville, —, Matilda, Alexandra Cocca McConville, Terrence Murtagh, Murtagh, Elizabeth Chung, Chung, Instagram, Bella Sayegh, Austin Hogland, they've, Kaytee Hogland, We're, she's Organizations: Service, Coffee, BI Locations: Devon, Phoenix, Austin

☆ A TikToker bought a $26,000 foldable house on impulse — and has absolutely no regrets
▼ + stars: | 2024-02-04 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

He ordered the house on Amazon, and his videos detailing the process gained nearly 20 million views. "I didn't even let him finish unboxing the house," Bryant said. The 19-by-20 unit is an investment opportunity, and he had "an automatic vision for it," Bryant told Business Insider. Chery IndustrialIt was delivered as a cube basically the size of its bathroom, Bryant told BI. But, he worked with an Amazon specialist to receive it on Monday — right on schedule.

Persons: Jeffrey Bryant, Bryant, —, TikToker Jeffrey Bryant, he's Organizations: Service, Amazon, Chery, Chery Industrial, Bryant, The California Department of Housing, Community Development

Mint is set to shut down in 2024, and some users are switching to the budgeting app Monarch Money. One of the most hyped-up Mint alternatives among Reddit users is the budgeting app Monarch Money. Find out why some Mint users are switching to Monarch Money and decide whether it's a good option for you. Monarch Money FAQsWho is the founder of Monarch Money? Monarch Money allows you to create a budget, set savings goals, track your net worth, and analyze your cash flow.

Persons: —, Karma, Val Agostino, You'll, you've, Jon Sutherland, Ozzie Osman Organizations: Service, Mint, Money, Intuit, Karma, Monarch, Plaid

☆ I hiked The Wave, the epic US trail that only 64 people can hike a day
▼ + stars: | 2024-02-02 | by ( Arlene Salisbury | ) www.businessinsider.com time to read: +1 min

The hike has unmarked trails and can be dangerous, so the number of permits issued is limited. We had to get permits before we could hike The Wave. Arlene SalisburyFor me, securing a permit was the most challenging aspect of hiking The Wave, as only 64 are issued daily. Of the 64 permits, 48 are allocated through an advanced online lottery, while the remaining 16 are available via a mobile-based daily virtual lottery. A few days before our hike, I entered the mobile lottery on behalf of my entire party using the Recreation.gov app.

Persons: Arlene Salisbury Locations: Lake Zion, Utah, Page, Arizona, Recreation.gov

☆ India set to clock up to 8% GDP growth as it boosts manufacturing capacity, minister says
▼ + stars: | 2024-02-02 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +4 min

Workers assemble mobile phones at a Dixon Technologies factory in Noida, India, on Jan. 28, 2021. Bloomberg | Bloomberg | Getty ImagesIndia could clock up to 8% annual GDP growth for several years as it focuses on boosting its manufacturing capabilities, a key government minister told CNBC on Thursday. watch nowHe spoke extensively about the country's mobile manufacturing ecosystem, claiming that 99% of the phones used in India were made within the country. The country exported $11 billion mobile phones last year, and they are likely to rise to between $13 billion and $15 billion in 2024, Vaishnaw said. Apple 's presence in India has grown exponentially since it first started manufacturing in the country in 2017.

Persons: Vaishnaw, Narendra Modi's, Nirmala Sitharaman, CNBC's, Apple, OnePoll, Joe Biden, India's Modi, Narendra Modi, Modi, Mandel Ngan Organizations: Dixon Technologies, Bloomberg, Getty, CNBC, Union, Railways, Communications, Electronics, Technology, CNBC's Sri, Deloitte, India, Apple, Samsung, Micron, U.S, India's, White, Afp Locations: Noida, India, Delhi, Mumbai, Chennai, China, Washington ,

☆ Mark Zuckerberg has had quite the week
▼ + stars: | 2024-02-02 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

In today's big story, we're recapping earnings from three tech giants: Meta, Apple, and Amazon. The big storyMeta's mega-winMark Zuckerberg is smiling: Its profit margins are much improved — and that's partly because of a shrinking headcount. Josh Edelson/AFP/Getty Images ; Isabel Fernandez-Pujol/ BIMark Zuckerberg has had quite the week. It lost $16 billion on the Metaverse in 2023, and Zuckerberg indicated more pain for years to come.) Following the success of Meta's "Year of Efficiency," Zuckerberg said that the company may never go back to large-scale hiring.

Persons: —, Phil doesn't, Zuck, Mark Zuckerberg, Josh Edelson, Isabel Fernandez, Sarah Jackson, Meta, Zuckerberg, BI's Peter Kafka, Peter, Richard Drew, Wall Street's, Rufus, BI's Eugene Kim, Amazon, Aaron Schwartz, Diem, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb Organizations: Service, Apple, Business, Getty, Pujol, Meta, Amazon, Xinhua, Microsoft, Chevron Corporation, ExxonMobil, Cigna Locations: AFP, China, New York, London

☆ The video game industry is in trouble. Here's why.
▼ + stars: | 2024-02-01 | by ( Peter Kafka | ) www.businessinsider.com time to read: +5 min

Read previewEven if you don't play video games, you probably know that video games are a really big business. And if you pay attention to the media business, you may also know that by some measures, the video game industry dwarfs Hollywood in terms of revenue . Which leads to layoffs: The games industry shed 8,500 jobs in 2022 and a record 10,500 in 2023, Ball reports. And that also affects the mobile games business, since game-makers use mobile ads to distribute their apps, and to advertise to players once they've downloaded the apps. Now, mobile game ads are more expensive and less precise, which makes it harder to find new customers and harder to make money from the customers they do have.

Persons: —, Matthew Ball, It's, We're, Ball Organizations: Service, Business, Apple, PlayStation

☆ Mastercard jumps into generative AI race with model it says can boost fraud detection by up to 300%
▼ + stars: | 2024-02-01 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

(Photo by Joan Cros Garcia/Corbis via Getty Images)Payments giant Mastercard says it has built its own proprietary generative artificial intelligence model to help thousands of banks in its network detect and root out fraudulent transactions. The company told CNBC exclusively that its new advanced AI model, Decision Intelligence Pro, will allow banks to better assess suspicious transactions on its network in real-time and determine whether they're legitimate or not. Ajay Bhalla, Mastercard's president of cyber and intelligence business unit, told CNBC that the new AI solution is a proprietary recurrent neural network — a core part of generative AI — from Mastercard built from scratch by the company's cybersecurity and anti-fraud teams. "We are using the transformer models which basically help get the power of generative AI," Bhalla told CNBC in an exclusive interview earlier this week. Mastercard's proprietary algorithm is trained on data from the roughly 125 billion transactions that go through the company's card network annually.

Persons: Joan Cros Garcia, Corbis, Ajay Bhalla, Bhalla, we've, — Organizations: MasterCard, Mobile, Congress, Getty, Mastercard, CNBC Locations: BARCELONA, SPAIN, Barcelona, Spain

☆ 8 things to pack for a Disney vacation and 3 to leave behind, from a travel planner who's been to the parks over 40 times
▼ + stars: | 2024-01-31 | by ( Kari Becker | ) www.businessinsider.com time to read: +6 min

Read previewAfter going to Disney World over 40 times, I've become quite the packing professional. If you've spent any time in the Orlando area, you know it will most likely rain during your Disney trip. My favorites are the rose-gold Minnie ears, but I've been eyeing the Haunted Mansion and It's a Small World ones for a while. Kari BeckerYou can pay for almost everything at Disney World with Disney gift cards, including dining, merchandise, and resort charges. I love this aspect of Disney World because it means there are wonderful dining options with upscale food that are still family-friendly.

Persons: —, I've, I'm, you've, Kari Becker I've, fanny, Kari Becker It's, Mickey, Minnie, Kari Becker, Alberts, you'll Organizations: Service, Disney, Business, Disney Genie, Magic Kingdom, Floridian, Yacht Locations: Orlando, River, Victoria

The announcement Thursday comes as it moves to comply with upcoming European regulations aimed at giving consumers the choice to use alternative app stores. It will also enable enable developers to offer alternative payment systems that could help them make more money while potentially lowering their prices. Apple won't collect any commissions on in-app transactions completed through alternative payment systems. If an in-app transaction is completed outside the Apple system in the U.S., the company plans to collect commissions from 12% to 27% to prevent freeloading on its iPhone software. Apple will continue to charge 15% to 30% on in app-transaction done through its payment system in the U.S.

Organizations: Apple Locations: Europe, U.S

☆ Check out the pitch deck that helped mobile adtech startup Big Happy raise $2.5 million in Series A funding
▼ + stars: | 2024-01-23 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +3 min

These types of campaigns typically take only a few days to build, Big Happy says. Big Happy CEO Jonathan Frohlinger said the company differs from others in the space because it's built its own tech in-house. Infolinks is now taking a 10% stake in Big Happy, which values the mobile ad firm at $25 million. "Jonathan and Big Happy are trying to do the opposite of that and innovate in an incredibly vanilla environment." Check out the investor pitch deck Big Happy used to raise its $2.5 million Series A round.

Persons: —, Big, Happy, Jonathan Frohlinger, Infolinks, Bob, Jonathan Organizations: Service, Business, Big Happy, Pillsbury, Royal, Big Locations: New York, Royal Caribbean

☆ Saudi Arabia goes big in Davos as it looks to become a top AI tech hub for the Middle East
▼ + stars: | 2024-01-19 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +7 min

A pop-up showcasing Saudi Arabia's Neom development features among the most prominent on the Davos promenade in 2024. But Saudi Arabia is keen to capture some of the limelight, and talent, from its neighbor on the Arabian Peninsula — an ambition laid bare on the Davos Promenade this year. "He's driving entrepreneurship, he's diversifying the economy ... And there are a lot of people that are really interested in working in Saudi Arabia," said Bremmer. "In the Emirates and in Saudi Arabia, you have millions of people that need upskilling, particularly Saudi Arabia which has a much larger population," Hidary said. Hidary, who was recently in Saudi Arabia, says that the UAE and Saudi Arabia are looking at countries like Singapore and Israel that have supported start-ups and are driven by technology.

Persons: Mohammed al, Jadaan, Prince Mohammed bin Salman's, Ian Bremmer, he's, Bremmer, Jamal Khashoggi, King Abdullah, KAUST, Harri Jarvelainen, Vera Futorjanski, Futorjanski, Israel Jack Hidary, Hidary, — CNBC's Karen Gilchrist Organizations: Saudi, CNBC, United Arab, prince's, —, Economic, Al, U.S, Eurasia Group, MBS, World Bank, Research Technology Centers, King, King Abdullah University of Science, Technology, UCLA, Riyadh's, Center, AI Research, AI, Artificial Intelligence Authority, Veritas Ventures, Emirates Locations: Davos, CNBC DAVOS, Switzerland, United Arab Emirates, Saudi Arabia, Neom, Saudi, Riyadh, China, Istanbul, UAE, Singapore, Israel, Emirates

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