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☆ Meet the $10,000 Nvidia chip powering the race for A.I.
▼ + stars: | 2023-02-23 | by ( Kif Leswing | ) www.cnbc.com time to read: +8 min

Powering many of these applications is a roughly $10,000 chip that's become one of the most critical tools in the artificial intelligence industry: The Nvidia A100. The A100 is ideally suited for the kind of machine learning models that power tools like ChatGPT, Bing AI, or Stable Diffusion. Huang, Nvidia's CEO, said in an interview with CNBC's Katie Tarasov that the company's products are actually inexpensive for the amount of computation that these kinds of models need. "We took what otherwise would be a $1 billion data center running CPUs, and we shrunk it down into a data center of $100 million," Huang said. Huang said that Nvidia's GPUs allow startups to train models for a much lower cost than if they used a traditional computer processor.

☆ Biden's semiconductor push has states jockeying for federal cash
▼ + stars: | 2023-01-29 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Shannon-Pettypiece-Circle-Byline-Template.Jpg | Shannon Pettypiece | ) www.nbcnews.com time to read: +10 min

The prospect of that much cash has sparked a scramble among states to pitch themselves as the best place to spark a semiconductor boom. In anticipation of the federal funds, semiconductor companies have already been making billions of dollars in commitments. President Joe Biden arrives for a ceremony at the groundbreaking of the new Intel semiconductor manufacturing facility near New Albany, Ohio, on Sept. 9, 2022. The Taiwan Semiconductor Manufacturing Co. facility under construction in Phoenix, on Dec. 6, 2022. But scaling up a U.S. semiconductor industry in a matter of years rather than decades is rife with challenges, said industry leaders.

☆ Ticketmaster under fire: 6 takeaways from hearing over Taylor Swift concert fiasco
▼ + stars: | 2023-01-24 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +9 min

The venues controlled by Live Nation set fees that are “consistent with the other venues in the marketplace,” he said. Entertainment industry pushes back at Ticketmaster’s dominanceMembers of the entertainment industry and one rival spoke out against Ticketmaster’s dominance in the industry. Andrew Harnik/APClyde Lawrence, a singer-songwriter on the witness panel, explained how the company acts as a promoter, a venue and the ticketing company, which eats into performing artists’ revenues. Artists, he said, have no leverage over Live Nation. Lawmaker says Ticketmaster merger should ‘be on the table’Lawmakers repeatedly questioned the US government’s past handling of the Live Nation merger with Ticketmaster.

U.S. Secretary of State Michael Pompeo speaks during a press conference with Iraq's Foreign Minister Fuad Hussein at the State Department in Washington on Aug. 19, 2020. A demonstrator holds a poster with a picture of Saudi journalist Jamal Khashoggi outside the Saudi Arabia consulate in Istanbul, Turkey October 25, 2018. "And as even the New York Times reported, Khashoggi was cozy with the terrorist-supporting Muslim Brotherhood," Pompeo wrote. I confirm it to you," Khashoggi's widow, Hanan Elatr Khashoggi, told NBC News on Monday. Hanan Elatr Khashoggi Widow of journalist Jamal Khashoggi

☆ West must ramp up aid to Ukraine to keep war with Russia from becoming a stalemate, U.K. foreign secretary says
▼ + stars: | 2023-01-18 | by ( Dan De Luce | Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Abigail-Williams-Circle-Byline-Template.Jpg | ) www.nbcnews.com time to read: +4 min

The West needs to ramp up military assistance to Ukraine to ensure the war with Russia does not turn into a bloody, open-ended stalemate, British Foreign Secretary James Cleverly said Tuesday during a visit to Washington. The United Kingdom also said it would provide more heavy artillery and ammunition to help Ukraine roll back Russian forces from its territory. “The U.K. has been very much on the front foot” in its security assistance to Ukraine, Cleverly said. He stopped short of urging the U.S., Germany or other governments also to supply Ukraine with new tanks or other more advanced weapons. Germany has faced growing calls to send its Leopard 2 tanks to Ukraine and to allow other countries that have Leopards to provide Kyiv with them.

☆ Photos show Ukrainians on the front line signing the flag Zelenskyy gave to Congress the next day
▼ + stars: | 2022-12-22 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

President Volodymyr Zelenskyy presented a Ukrainain flag to the US Congress Wednesday. The flag had come from Bakhmut, the site of the most intense fighting in Ukraine, where Zelenskyy made a high-risk visit on Tuesday. During the trip, Zelenskyy issued photos of himself with soldiers there, including a seemingly unremarkable image of him with a flag. Zelenskyy said: "Our heroes gave me the flag — the battle flag, the flag of those who defend Ukraine, Europe, and the world, at the cost of their lives. In return, Pelosi presented Zelenskyy with a folded US flag that had recently flown over the Capitol.

☆ Here's what America's top CEOs are saying about a possible recession in 2023
▼ + stars: | 2022-12-06 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +5 min

Mandel Ngan | AFP | Getty ImagesAs 2023 approaches and the prospect of a recession looms, corporate America is preparing for a slowdown in consumer spending. Here's what they said:Jamie Dimon, JPMorganwatch nowRising interest rates, record inflation, geopolitical pressure and other factors could coalesce into a recession, JPMorgan Chase CEO Jamie Dimon told CNBC. Mary Barra, GMwatch nowGeneral Motors CEO Mary Barra anticipates economic headwinds next year but is not sounding the alarms for a recession just yet. Though Walmart is still seeing strong spending, McMillon has spotted more conservative spending in certain categories like electronics and toys. "If I didn't watch CNBC in the morning – which I do – the word recession wouldn't be in my vocabulary," Kirby said.

☆ How Ivanka Trump lost friends and was shunned by US high society after joining her father in politics
▼ + stars: | 2022-11-23 | by ( Sophia Ankel | ) www.businessinsider.com time to read: 1 min

Ivanka Trump said in November 2022 that her time in politics was over, and that she wouldn't help Donald Trump's 2024 campaign. Then-President Donald Trump and Ivanka Trump make their way to board Air Force One on January 4, 2021. Mandel Ngan/AFP via Getty ImagesIvanka Trump was notably absent from former President Donald Trump's campaign launch in Palm Beach, Florida. In a public statement after the launch, she said: "I love my father very much. This time around, I am choosing to prioritize my children and the private life we are creating as a family.

Senate Minority Leader Mitch McConnell, R-Ky., meets with reporters Wednesday after he fended off a challenge by Sen. Rick Scott, R-Fla., and was re-elected as Republican leader. And we turned off a lot of these centrist voters," McConnell said Wednesday. “Much criticism is being placed on the fact that the Republican Party should have done better. House Minority Leader Kevin McCarthy, R-Calif., speaks after he was nominated to be House speaker on Tuesday. “What I hope we learned from this is you can’t win the general election merely because of your base vote.

The sources say Justice Department officials are looking carefully at a cross section of past cases involving the mishandling of classified material. Though his comments were about the separate Jan. 6 investigation, Justice Department officials said they apply broadly. Experts say the public evidence in the Mar-a-Lago case seems unambiguous. Less clear is whether there are aggravating factors — such as whether the Justice Department can prove Trump obstructed justice by failing to turn over documents despite a grand jury subpoena. Martin’s lawyers said he was a hoarder, and prosecutors concluded that he had not given classified information to anyone.

☆ Fraying U.S.-China relations could have huge implications for Earth
▼ + stars: | 2022-11-10 | by ( Sam Meredith | ) www.cnbc.com time to read: +5 min

Xinhua News Agency | Xinhua News Agency | Getty ImagesSHARM EL-SHEIKH, Egypt — Fraying diplomatic tensions between the U.S. and China are a big concern at the COP27 climate summit. However, many fear tensions between Washington and Beijing could make climate cooperation at COP27 extremely difficult. We say it is just on climate change, but we know that climate change is really at the center of everything in society." Biden is expected to join a 16-member delegation of senior officials at COP27 later this week to "advance the global climate fight." "And there is no solution to the problem of climate change without China, without Russia, without India, without … large economies being at the table," Kerry said.

☆ Is the economy improving? Days before the midterms, no one has a good answer
▼ + stars: | 2022-11-04 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

By aggressively hiking interest rates, the Fed has sought to introduce some slack into a tight labor market. Inflation remains high, but now it’s also far more expensive to take out loans or pay off credit cards. Wages are up, but not enough to take the sting off high prices of necessities like food, fuel and shelter. Economists will get fresh insight into the state of inflation next week with the October CPI reading on Thursday. But if there’s good news in that report, it will have come two days too late to sway voters one way or another.

☆ Op-ed: The U.S. and China should not miss a historic opportunity to save the world
▼ + stars: | 2022-11-03 | by ( Siddharth Chatterjee | The United Nations Resident Coordinator To China | ) www.cnbc.com time to read: +4 min

Climate Change Conference (COP 27) in Egypt approaches, the countries of the world face a stark choice between two paths. Such exploitation leads to more climate change, more floods, more fires, more hunger, more diseases, more forced migration and more war. Anyone who accepts the scientific facts of climate change understands that this must be our choice. The U.S. and China can each take dramatic climate action on their own, but they must also rise above current tensions to collaborate. Over a decade ago, cooperation between the U.S. and China laid the foundation for global action on climate change and paved the way for the 2015 Paris Agreement.

☆ US curbs on China's microchip industry could throttle Xi Jinping's tech ambitions
▼ + stars: | 2022-10-31 | by ( Laura He | ) edition.cnn.com time to read: +8 min

One dramatic, and potentially disruptive aspect of the rules is the ban on American citizens and legal residents working with Chinese chip firms. The ban could lead to a mass resignation of top executives and core research staff working at Chinese chip firms, which will hit the industry hard, Dong from Georgetown University said. So far it’s not clear exactly how many American workers there are in China’s domestic chip industry. At Advanced Micro-Fabrication Equipment China (AMEC), one of the country’s largest semiconductor equipment manufacturers, at least seven executives, including founder and chairman Gerald Yin, hold US citizenship, the latest company documents show. But some Western suppliers have already started preparing to halt sales to China in response to the US export curbs.

☆ IBM salaries revealed: Engineers can earn nearly $200K. See how much analysts, managers, and others at the tech giant make.
▼ + stars: | 2022-10-27 | by ( Caroline Haskins | ) www.businessinsider.com time to read: +15 min

IBM is among the oldest and largest computer companies in the world and has more than 350,000 employees. These offers must be equal to what US employees earn making them a great guide to employee salaries at the company. When Insider analyzed IBM salary data in 2021, the highest offer was to an engineering program director, earning $335,000. A technical team lead, for instance, earned $57,500 in Monroe, LA, and as much as $114,500 in Parsippany, NJ. Insider has also compiled a database of salaries across other big tech companies like Google, Apple, Tesla, Amazon, and more.

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☆ Millions at risk of losing health insurance if U.S. ends Covid public health emergency in January
▼ + stars: | 2022-10-19 | by ( Spencer Kimball | ) www.cnbc.com time to read: +13 min

The Health and Human Services Department will give the public 60 days notice before lifting the public health emergency, Becerra said. The health emergency also allowed millions of people to receive increased food benefits through the federal government's nutrition program. When the public health emergency does end, HHS estimates up to 15 million people will be disenrolled from Medicare and the Children's Health Insurance Program. Millions to lose Medicaid coverageThe most dramatic impact from ending the public health emergency will fall on people enrolled in Medicaid and the Children's Health Insurance Program. Trump administration Health Secretary Alex Azar activated the FDA's emergency authorization powers in March 2020, about two months after first declaring the public health emergency.

☆ America's 'once unthinkable' chip export restrictions will hobble China's semiconductor ambitions
▼ + stars: | 2022-10-12 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +5 min

America argues that such advanced semiconductors can be used by China for advanced military capabilities. U.S. companies will be heavily restricted in exporting machinery to Chinese companies that are manufacturing chips of a certain sophistication. "The latest chip rules are a sign that Washington is not trying to rebuild relations with Beijing. For example, it's unlikely that advanced chips manufactured by TSMC won't have used American tools somewhere along the way. Under those rules, Huawei was cut off from the most advanced chips that TSMC was manufacturing and that were designed for its smartphones.

☆ Biden threatens 'consequences' for Saudi Arabia after OPEC cut, but his options are limited
▼ + stars: | 2022-10-12 | by ( Natasha Turak | ) www.cnbc.com time to read: +5 min

Washington has since the 1940s provided billions of dollars in military and security aid to Saudi Arabia. A file photo of cannisters containing Patriot missiles to intercept missiles fired at Saudi Arabia or its neighboring countries. We must pull all US troops out of Saudi Arabia, stop selling them weapons & end its price-fixing oil cartel." "The White House has few good options despite Biden's warning of 'consequences' after the cut," he said, noting U.S. lawmakers' threats of anti-trust legislation and removal of U.S. military assets from Saudi Arabia. While both courses of action would send a clear message, this could backfire for both the U.S. and for crude prices.

Energy analysts believe the deep production cuts could yet backfire for OPEC kingpin and U.S. ally Saudi Arabia. Energy analysts believe the deep production cuts could yet backfire for OPEC kingpin and U.S. ally Saudi Arabia, particularly as Biden hinted Congress would soon seek to rein in the Middle East-dominated group's influence over energy prices. OPEC and non-OPEC allies, a group often referred to as OPEC+, agreed on Wednesday to reduce oil production by 2 million barrels per day from November. "In light of today's action, the Biden Administration will also consult with Congress on additional tools and authorities to reduce OPEC's control over energy prices," the White House said. While the group likes to say they keep politics out of their decisions, there's no denying that there are potential ramifications to this beyond the oil price.

☆ Everything you want to know as OPEC+ agrees to cut oil production
▼ + stars: | 2022-10-06 | by ( Hallam Bullock | ) www.businessinsider.com time to read: +7 min

OPEC+ agreed to cut production. But the group — which includes Saudi Arabia, the United Arab Emirates, and Russia — agreed Wednesday to slash daily oil production by 2 million barrels, in a bid to send crude prices higher. But OPEC+ defended their decision, saying it was in response to "uncertainty that surrounds the global economic and oil market outlooks." At a news conference after the meeting, the Saudi energy minister added: "We would rather be pre-emptive than be sorry," the New York Times reports. The country's deputy prime minister, Alexander Novak, said the EU's plan could lead to Russia temporarily cutting oil production further — a move that would see crude prices rise, and gasoline follow.

☆ Gen X is late to the leadership table in US politics, prompting the question: Will it ever produce a president?
▼ + stars: | 2022-09-28 | by ( Darren Samuelsohn | ) www.businessinsider.com time to read: +21 min

By historical standards, Gen X should be in charge of the US by now. Think of them as the godparents of the "Xennials" — those born in the late 1970s or early 1980s who aren't fully Gen X or millennial. No matter whether you deny the 61-year-old Obama is a boomer, Gen X is starting to get up there in age. Michael Ciaglo-Pool/Getty ImagesWhat's the US missing without a Gen X president? "It's like seeing a ghost that doesn't appear," she said of any expectation the presidency would just suddenly open up for Gen X.

☆ Dozens of Trump’s phony electors, many under investigation, still hold powerful GOP jobs in key states
▼ + stars: | 2022-09-21 | by ( Natasha Korecki | Kaitlyn Francis | Natasha Korecki Is A Senior National Political Reporter For Nbc News. | ) www.nbcnews.com time to read: +13 min

Law enforcement activity has not pushed these false electors from their political perches. Al Drago / Bloomberg via Getty ImagesAll told, 23 of those false electors hold positions of power within their Republican parties. Then there are additional actors that didn’t serve in the slate of false electors themselves but were instrumental in the scheme. Others hold positions of power within the state GOP, including Shafer, who is chair; Joseph Brannan, state GOP treasurer; Vikki Consiglio, the state party’s assistant treasurer; and Ken Carroll, the assistant secretary. On June 21, federal agents scattered across key states to deliver subpoenas to those who acted as Trump electors.

☆ Inflation is a global problem. Here’s how central banks are addressing it
▼ + stars: | 2022-09-21 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

In Turkey and Argentina, annual inflation rates are forecast to clock in at a whopping 80%. At least 75 have lifted their benchmark interest rates in the past year, increasing the price of credit across the world. In July, it instituted its second consecutive 0.75 percentage point interest rate increase, taking its benchmark rate to a range of 2.25% to 2.5%. The country is struggling with rampant inflation rate that rose to a 20-year high of nearly 80% in August. The country’s annual inflation rate slowed to 7% in August, below analyst forecasts of 7.3% and down from 7.6% in July.

☆ Meet the GOP's biggest Hollywood donors
▼ + stars: | 2020-08-26 | by ( Dave Levinthal | ) www.businessinsider.com time to read: +13 min

America First Action, the most notable super PAC backing President Donald Trump, has directly criticized Hollywood. Donors from Hollywood-area ZIP codes also rank among the most generous donors to key Republican senators, including Lindsey Graham of South Carolina and Marco Rubio of Florida. 3 donor ZIP code in the nation, trailing only ZIP codes in Houston and Palm Beach, Florida, which is home to his Mar-a-Lago Club resort. Bill Pugliano/Getty ImagesTrump continues to profit from HollywoodIn messages to supporters this year, Trump has decried "liberal HOLLYWOOD donors" and "MEGA HOLLYWOOD DONORS," while his son Donald Trump Jr. has castigated the "Hollywood Elite." As president, Trump's pension earned him more than $84,000 in 2017, about $91,000 in 2018, and about $78,000 in 2019, his personal financial disclosures showed.

☆ At the age of 95, Jimmy Carter says he's 'completely at ease with death'
▼ + stars: | 2019-11-04 | by ( Ashley Collman | ) www.businessinsider.com time to read: +2 min

Former President Jimmy Carter said at a church service on Sunday that he is "absolutely and completely at ease with death." Carter, 95, was diagnosed with cancer in 2015, and said he figured he was "going to die very quickly." And I found that I was absolutely and completely at ease with death. Except I was going to miss my family, and miss the work at the Carter Center, and miss teaching your Sunday school service sometimes and so forth. Jimmy and Rosalynn Carter are pictured attending the funeral of former President George H.W.

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