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We're getting hands-on with the Google TV Streamer soon, but until then, we've broken down everything we know so far, including pricing and key features. AdvertisementThe Google TV Streamer is now available to buy for $100 from Amazon, Best Buy, and the Google Store. The Google TV Streamer could challenge the Apple TV 4K and Roku UltraThe Google TV Streamer is clearly designed to compete with the best streaming devices from Apple and Roku. AdvertisementShould you buy the Google TV Streamer? However, its specifications point to a promising performer that could be the flagship streaming device Google fans have been waiting for.

Persons: There's Organizations: Business, Google, Apple, Dolby, Amazon Locations: Amazon

☆ An 'AI associate' for PE firms just launched. Here's a look at the pitch deck that helped it raise a $1.5 million seed round.
▼ + stars: | 2024-09-24 | by ( Bianca Chan | ) www.businessinsider.com time to read: +5 min

On Tuesday, Goldman and his cofounder, Shivaal Roy, launched Mako AI after building the startup for about a year. Before cofounding Mako with Goldman, Roy was an early engineering hire at Glean, an AI-enabled enterprise-search startup valued at $2.2 billion. So far, Mako has a handful of clients, including mid-market PE firms and growth-equity firms, including L.A.-based Shamrock Capital and San Francisco firm GroundForce Capital. Advertisement"The most important thing right now is getting this product from a first-year associate to a second-year associate," Goldman said. Here's the pitch deck Mako used to raise its $1.55 million seed round led by Khosla Ventures.

Persons: —, Danny Goldman, Goldman, Shivaal Roy, Mako, hasn't, Blackstone, OpenAI's, Roy, cofounding Mako Organizations: Service, Bain, Co, Business, Khosla Ventures, KKR, Shamrock Capital, GroundForce, Mako Locations: San Francisco

☆ CNBC Daily Open: Fedspeak reassures markets
▼ + stars: | 2024-09-24 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Markets regain momentumU.S. markets rose Monday, with the S&P 500 and Dow Jones Industrial Average notching fresh closing highs. Asia-Pacific stocks mostly climbed Tuesday, with the Chinese and Hong Kong markets popping over 3% on Beijing's announcement of policy easing measures. PBOC policy easingThe People's Bank of China Governor Pan Gongsheng on Tuesday announced a cut to banks' reserve requirement ratio.

Persons: Neel Kashkari, The Beverly Hilton, Pan Gongsheng Organizations: Federal Reserve Bank of Minneapolis, The Beverly, CNBC, Dow Jones, People's Bank of China, Boeing, Tech, Big Tech, Companies, Nomura Locations: Beverly Hills , California, U.S, Asia, Pacific, Hong Kong, China, Beijing

☆ Director James Cameron explains why he is joining Stability AI's board of directors
▼ + stars: | 2024-09-24 | 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 EmailDirector James Cameron explains why he is joining Stability AI's board of directorsJames Cameron, Oscar Winning Filmmaker and Prem Akkaraju, Stability AI CEO, join 'Closing Bell Overtime' and CNBC's Julia Boorstin to talk the impact of AI on Hollywood, Cameron joining the board of Stability AI and more.

Persons: James Cameron, Oscar, Prem Akkaraju, Julia Boorstin, Cameron Organizations: Hollywood

☆ AI startup Anthropic revenue expected to surge
▼ + stars: | 2024-09-24 | by ( Deirdre Bosa | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAI startup Anthropic revenue expected to surgeCNBC’s Deirdre Bosa joins ‘The Exchange’ to report on Anthropic’s big revenue projections for 2024, how the company is competing against established AI players, and more.

Persons: Deirdre Bosa

☆ Leaders from the CIA, Dell Technologies, HP, SageCXO, and ezCater share how they keep up with AI development
▼ + stars: | 2024-09-24 | by ( Helen Li | Emma Cosgrove | ) www.businessinsider.com time to read: +14 min

John Roese, the global chief technology officer and chief AI officer of Dell Technologies. In the long term, those two have to come closer together to achieve the speed necessary for an AI cycle. So the quality of what you produce in your organization as a CTO — if you're going to provide models built in-house — better be superstar quality, or no one's using it. Once you understand that those are high level, then you have to ask if you are actually on a path where if you apply AI, you're going to get to an outcome. DeCesare: I've been most inspired to drive the leverage of AI through the company by finding out how people have applied it.

Persons: Emma Cosgrove, La'Naia Jones, John Roese, Elaine Zhou, Faisal Masud, Erin DeCesare, What's, it's, Claude, It's, She's, ChatGPT, Cosgrove, we've, cocreate, that's, We've, Masud, That's, they're, Jones, You've, Everyone's, Aaron, Jensen, Huang, I've Organizations: Business, BI's, CIA, Dell Technologies, HP, Star, Amazon, Nvidia Locations: Spain, Madrid, Silicon

☆ AI startup Anthropic expects revenue surge as it ramps up competition with OpenAI
▼ + stars: | 2024-09-24 | by ( Deirdre Bosa | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAI startup Anthropic expects revenue surge as it ramps up competition with OpenAICNBC’s Deirdre Bosa joins ‘Money Movers’ to report on Anthropic's big revenue expectations, how the company is positioning itself to compete in AI, and more.

Persons: OpenAI CNBC’s Deirdre Bosa, ’ Organizations: ‘

☆ A millennial has been looking for a tech job for over a year after being laid off. He says AI and being Black have worked against him.
▼ + stars: | 2024-09-24 | by ( Jacob Zinkula | Madison Hoff | ) www.businessinsider.com time to read: +9 min

The ratio of job openings to unemployed people — an indicator of job availability — has declined considerably over the past two years. As a Black man, Jared said he thinks it's likely he's also faced some discrimination on his job hunt. AdvertisementJared said he also suspects that being a Black man has sometimes worked against him during job interviews. AdvertisementInterviewing can be a difficult skill to masterA competitive job market and discrimination during the hiring process aren't the only reasons Jared thinks he's struggled to land a job. While Jared feels he has a pretty good handle on the job market challenges he's facing, he said that sometimes, certain developments can perplex him.

Persons: —, Jared, he's, who's, What's, it's, George Floyd, haven't, wasn't, he'd, hadn't, I'm Organizations: Service, Business, LinkedIn Locations: New York, California

☆ CNBC Pro Talks: After the Fed cuts rates, one fund manager will reveal where to invest right now
▼ + stars: | 2024-09-24 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +3 min

After the U.S. Federal Reserve cut interest rates by a bumper 50 basis points , investors have been left wondering whether growth or value stocks are the best bet. On CNBC's upcoming Pro Talks , Silvia Amaro will ask value investor Sean Peche where he sees opportunities in the current market. Peche is portfolio manager at the U.K.-based Ranmore Fund Management and manages its $329 million Ranmore Global Equity Fund . As of Aug. 31, the Ranmore Global Equity Fund has returned 21.6% over the last year, underperforming its benchmark MSCI World Index's 24.4%. CNBC Pro subscribers can watch Pro Talks live on Wednesday, Sept. 25, at 7 a.m.

Persons: Silvia Amaro, Sean Peche, He'll, Warren Buffett, Eli Lilly, ager, CNBC's Silvia Amaro Organizations: U.S . Federal Reserve, Ranmore Fund Management, Global Equity Fund, Investors, Ranmore, Equity, Petrobras, Baidu, ABN Amro, Ranmore Global Equity Fund, Decillion Fund Management, Orbis Investment Advisory, CNBC, Beyond Locations: Carrefour, China, U.S, London

☆ Amazon's Bedrock success prompts a surprising question: Do you need a top model to win in AI?
▼ + stars: | 2024-09-24 | by ( Eugene Kim | ) www.businessinsider.com time to read: +6 min

Read previewSo far, the generative AI race has been about who can build the most powerful models. Almost two years later, there are so many powerful AI models out there, it's no longer that special. Advertisement'Important but not critical'AWS CEO Matt Garman appears to be fine not having a fancy, home-grown AI model. "It'll be important but not critical," Garman said when asked about the importance of offering a top-performing first-party AI model. AGI teamThis doesn't mean Amazon has given up on building its own powerful AI model.

Persons: —, Claude, Meta's, Matt Murphy, Anthropic, Murphy, ChatGPT, Patrick Neighorn, Amazon's, Andy Jassy, Matt Garman, Garman, Matt McIlwain, Brent Thill, Jefferies, Thill Organizations: Service, Google, Business, Microsoft, OpenAI, Gemini, Menlo Ventures, AWS, Intuit, Toyota, New York Stock Exchange, BI, Asia, Madrona Venture Group, Amazon Locations: Europe, Middle East, Africa, Asia Pacific, Japan, North America

☆ Databricks VP on the 'data exhaustion' problem with AI
▼ + stars: | 2024-09-24 | 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 EmailDatabricks VP on the 'data exhaustion' problem with AINaveen Rao, VP at Databricks, discusses the problem of "data exhaustion" in AI development and how companies can adjust with "data intelligence."

Persons: Naveen Rao

Defense lawyers also had requested a no-prison sentence for Ellison, who had run Alameda Research , a hedge fund connected to FTX. Kaplan allowed Ellison to remain free on bail until she surrenders to prison either on or after Nov. 7. He was sentenced to 25 years in prison in March and also was ordered to pay $11 billion in forfeiture by Kaplan. On Tuesday, before sentencing Ellison, Kaplan contrasted her conduct after she was charged with that of Bankman-Fried. Both Bankman-Fried and Ellison had faced the same statutory maximum sentence of about 110 years in prison for their crimes.

Persons: Ellison, Lewis Kaplan, Caroline Ellison, Sam Bankman, Kaplan, I've, Miss Ellison, FTX spiraled, Ellison's Organizations: Alameda Research, federal, Department Locations: New York, U.S, Manhattan, FTX

☆ These 4 Asian stocks are set to pop on an AI server cooling boom, Nomura says
▼ + stars: | 2024-09-24 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

That's liquid cooling, a cooling technology used in data centers which helps to improve power and cost efficiency. "As air cooling is approaching the limit of its cooling capacity, the importance of liquid cooling is getting increasingly more pronounced … liquid cooling [is] becoming a must-have for GB200," said the bank. Nomura estimates the liquid cooling penetration rate in Nvidia's AI servers is set to rise from 8% in 2024 to 43% in 2025, and 47% in 2026. Liquid cooling systems are the solution to "power shortage pressures" in data centers, Morgan Stanley said in a previous report . Against that backdrop, Jefferies is bullish on four Asian stocks it says will be "key beneficiaries" of the liquid cooling trend.

Persons: Nomura, Morgan Stanley, Jefferies, it's, — CNBC's Michael Bloom Organizations: Nvidia, Nomura, Tech, Jefferies, Nvidia's G200, Micro Computer, Quanta's CDU, Microsoft, Meta, Web Services Locations: Taiwan, Delta

☆ As interest rates drop, ultra-rich investors are giving up their cash for risk assets. Here's what they're buying.
▼ + stars: | 2024-09-24 | by ( Laila Maidan | ) www.businessinsider.com time to read: +6 min

Citi Private Bank's latest Global Family Office survey showed that family offices had already been moving into risk assets well before the central bank began cutting. Citi Private Bank's latest Global Family Office survey. Related storiesSo far, the move toward equities has translated into a rush for big tech's AI, which remains a favorite among family offices. AdvertisementWhen it comes to real estate, family offices often prefer private investments. AdvertisementFixed incomeThe number one goal for any family office is the preservation of capital.

Persons: —, Richard Weintraub, Bank's, haven't, Weintraub, REITs Organizations: Service, Citi, Bank's, Business, Treasury Locations: American

☆ Why all eyes are on Intel now
▼ + stars: | 2024-09-24 | by ( Helen Li | ) www.businessinsider.com time to read: +8 min

Read previewOnce a Silicon Valley leader, Intel has been a staple of the computer chip-making business for decades. Even if Qualcomm acquired Intel, it's unclear what it would do with its manufacturing operations. Which Intel lacked," tweeted Bryan Catanzaro, vice president of applied deep learning research at Nvidia, who previously worked at Intel as an intern on the Larrabee project. The CPUs that made Intel big now have presented what Logan Purk, senior analyst at Edward Jones, called "the inventor's dilemma," when newer technology replaces established incumbents. Mobile chipmaker Qualcomm approached Intel to acquire its chip-designing business and, later, a merger deal, Reuters and the Journal reported, respectively.

Persons: —, Pat Gelsinger, Stacy Rasgon, Paul Otellini, Otellini, OpenAI, chipmaker, Habana, Intel's, Gaudi, Rasgon, Bryan Catanzaro, Logan Purk, Edward Jones, nipping, Purk, TSMC, Mobile chipmaker, Dan Morgan, Morgan Organizations: Service, Intel, Business, Wall, Journal, Qualcomm, VMware, Bernstein Research, Atlantic, Apple, Microsoft, Systems, Habana Labs, Nvidia, Companies, AMD, Samsung, Mobile, Mobile chipmaker Qualcomm, Reuters, Apollo Global Management, Bloomberg, Broadcom, Biden Locations: Arizona, Ohio, Nervana

☆ Nvidia leads list of 10-bagger stocks the last five years. But be careful
▼ + stars: | 2024-09-24 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Nvidia is the latest poster child on Wall Street for "10 baggers," stocks that soar in price 10 times. But the AI chipmaker's path to " 10-bagger " status included what is also a typical slump (or two) along the way, according to Trivariate Research. To find the 84 stocks, Parker looked for names with market capitalizations over $2 billion and average daily trading volume of at least $30 million. He then screened for stocks that achieved 10-bagger status, and further culled the list to only those that accomplished the feat in the past 25 years. The chart below contains the names that achieved 10-bagger status most recently, along with information on their drawdowns.

Persons: Morgan Stanley, Adam Parker, Parker, Trivariate, they've, Jensen Huang, Tesla Organizations: Nvidia, Research

☆ Microsoft's GitHub gives clients option to keep sensitive code in EU only, in data sovereignty push
▼ + stars: | 2024-09-24 | by ( Ryan Browne | ) www.cnbc.com time to read: +6 min

Firms will be able to control the "data residency" of software code stored on GitHub — effectively meaning they can decide which regions the data is kept in. GitHub Enterprise Cloud is a paid product the firm only offers to businesses. "The EU has been in the center of this [data residency] movement since the beginning of the cloud days." Going forward, GitHub plans to roll out data residency within its GitHub Enterprise Cloud across other regions, including Australia, Asia, and Latin America. EU push for digital 'sovereignty'GitHub's data residency push ties into a broader political and regulatory theme within the EU around so-called digital "sovereignty."

Persons: GitHub, Jonathan Raa, —, Thomas Dohmke, Dohmke, Shelley McKinley, Mario Draghi, Draghi, GitHub's Dohmke, it'll Organizations: Microsoft, Nurphoto, Getty Images Microsoft, European Union, EU, Companies, CNBC, European Central Bank Locations: Europe, Australia, Asia, America, EU, China, France, Finland

☆ Confused about the potential Qualcomm-Intel deal? Here's why it matters even if it doesn't happen.
▼ + stars: | 2024-09-24 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +9 min

In today's big story, why you should care about a potential Intel-Qualcomm deal , even if it might not work. Getting all that varied experience has proved particularly beneficial for TSMC in the age of cutting-edge mobile and AI chips. The US needs Intel to keep (and get better at) manufacturing chips. The problem with that is that this manufacturing business would have almost no customers, and would fall even further behind TSMC. Experts seem incredibly skeptical about a Qualcomm deal going through.

Persons: —, Jamie Dimon, Moneyball, Rupert Murdoch's, Chelsea Jia Feng, I'm, it's, Palantir alums, Jamie Dimon Tom Williams, he's, Goldman Sachs, Chelsea JIa Feng, ChatGPT, Vinod Khosla, Chris Gash, Lachlan Murdoch, Murdoch, Lachlan's, Caroline Ellison, Biden, Dan DeFrancesco, Jordan Parker Erb, Jack Sommers, Milan Sehmbi, Amanda Yen Organizations: Service, Intel, Qualcomm, Business, Tech, Getty, TSMC, Inc, JPMorgan, Bank of America, Big Tech, Web Services, Employees, Bloomberg Global Business Forum, FAA, OPEC, Oil Locations: Taiwan, China, San Francisco, Nevada, New York, London

☆ Jamie Dimon says an 'evil axis' of countries threatening war is the biggest risk to the world economy in the next century
▼ + stars: | 2024-09-24 | by ( Matthew Fox | ) www.businessinsider.com time to read: +1 min

Jamie Dimon warns rising geopolitical tensions could weaken the global economy and stock markets. He labeled Iran, North Korea, and Russia an "evil axis" and criticized China's approach to geopolitics. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementJPMorgan CEO Jamie Dimon warned that investors are overlooking a key risk that could significantly weaken the global economy and stock markets over the next century. You have a lot of war taking place right now," Dimon told CNBC-TV18 during a visit to India on Tuesday.

Persons: Jamie Dimon, —, Dimon Organizations: Service, CNBC, TV18, Business Locations: Iran, North Korea, Russia, India

A San Francisco venture firm developed a proprietary model it calls "moneyball for venture capital." The firm is revealing 19 exceptional female investors with a keen eye for identifying future unicorns. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . It developed a proprietary model it calls "Moneyball for venture capital" that uses AI to predict which early-stage startups are most likely to become unicorns, which are companies valued at more than a billion dollars.

Persons: —, Fred Campbell, Joseph Aaron, Scott Pyne, Steve Marek, Dick Fredericks Organizations: US, Service, Business Locations: San Francisco

☆ OpenAI just launched advanced voice mode for audio chats with ChatGPT. Here's how to use it
▼ + stars: | 2024-09-24 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

OpenAI said Tuesday that its popular chatbot now has an advanced voice feature for people who pay for the premium service. Legal counsel working on behalf of Johansson sent OpenAI letters claiming the company didn't have the right to use the near-identical voice, and OpenAI paused using it in its products, CNBC reported. OpenAI got a head start in the generative AI chatbot market, when it launched ChatGPT in late 2022. The advanced mode is only available to those with subscriptions to OpenAI's Plus, Team or Enterprise plans. The most affordable option is the Plus tier at $20 per month.

Persons: ChatGPT, OpenAI, it's, Scarlett Johansson, Johansson, Sam Altman, OpenAI's, It's Organizations: OpenAI, CNBC, Microsoft, Google, Reuters, Meta, Facebook, Enterprise Locations: Iceland, Liechtenstein, Norway, Switzerland

☆ Meta has a curious addiction to celebrities
▼ + stars: | 2024-09-24 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +5 min

Read previewMeta is reportedly set to introduce AI chatbots voiced by celebrities like John Cena, Awkwafina, Keegan-Michael Key, Kristen Bell, and Dame Judi Dench. (I assume that's the name of the Judi Dench stan-dom) who haven't yet found the right reason to experiment with an AI voice chatbot. Around this time last year, Meta introduced a different round of celebrity AI assistants as part of Messenger. So why is Meta using the celebrity AI playbook again if it apparently crashed and burned last time? AdvertisementHow celebrities can help MetaSo, Meta relying on celebrity voices for its AI products feels a little odd to me.

Persons: —, John Cena, Awkwafina, Keegan, Michael Key, Kristen Bell, Dame Judi Dench, Judi Dench stan, Meta, chatbots, Kendall Jenner, Tom Brady, Snoop Dogg, Billie, playbook, It's, Taylor Swift, Mark Zuckerberg, Swift, Kamala Harris, Peter Kafka, Kim Kardashian, Jennifer Lopez, Judi Dench, Yann LeCun Organizations: Service, Business, Meta, Super, Facebook, Dame

☆ A self-taught engineer at Google shares the 8 best Google programming courses you can access for free
▼ + stars: | 2024-09-24 | by ( Tess Martinelli | ) www.businessinsider.com time to read: +7 min

Many new programmers who start in Gaba's shoes turn to free YouTube videos or their pricey counterpart, programming courses. "I started learning programming very late in my life, around 25, and I was completely confused at the time," Gaba told Business Insider. In the search for alternative resources, Gaba discovered ways to access Google's programming courses for free. AdvertisementAuditing a Google programming course allows you to enroll without receiving credit or a certification. Gaba recommends Google's Machine Learning Crash Course as a great way to dabble in machine learning without being overwhelmed by every algorithm out there.

Persons: —, Sahil Gaba, Gaba, SQL Gaba, GitHub Gaba, It's, Tess Martinelli Organizations: Service, Google, Business, Gaba, Amazon, Trade, Linux, SQL, Big Tech, Cybersecurity Locations: tmartinelli

☆ Venture Capitalist: India's AI sector is 'well-entrenched' in the developed market
▼ + stars: | 2024-09-24 | 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 EmailVenture Capitalist: India's AI sector is 'well-entrenched' in the developed marketSunil Goyal, Managing Director and Fund Manager of YourNest Venture Capital, discusses the investment opportunities in India's AI sector.

Persons: Sunil Goyal Organizations: Email Venture, YourNest Venture Capital

☆ Coatue-backed Distyl AI founded by Palantir alums, raises $20 million funding round, sources say
▼ + stars: | 2024-09-23 | by ( Sri Muppidi | ) www.businessinsider.com time to read: +1 min

Palantir alums Arjun Prakash and Derek Ho founded Distyl AI. AdvertisementDistyl AI, a startup applying generative AI to enterprise workflows, has raised a new Series A funding round of $20 million, Business Insider has learned. The new round values the startup at least $200 million, two sources familiar said. Founded in 2022, the company raised a $7 million seed round last April, reported VentureBeat. This story is available exclusively to Business Insider subscribers.

Persons: Palantir alums Arjun Prakash, Derek Ho, —, Coatue, Nat Friedman, Brad Gerstner Organizations: OpenAI, Service, Dell Technologies Capital, Business

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