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Laurene Powell Jobs is betting on these 11 AI startups
  + stars: | 2024-09-30 | by ( Robert Frank | ) www.cnbc.com   time to read: +1 min
Laurene Powell Jobs speaks onstage during TechCrunch Disrupt SF 2017. News that Laurene Powell Jobs is investing in a new artificial intelligence "computing device" highlights her growing appetite for AI startups, according to fresh data. The Emerson Collective, Powell Jobs' family office, investment company and philanthropy, has invested in at least 11 AI-related startups since 2022, according to data provided exclusively to CNBC by Fintrx, the private wealth intelligence platform. According to Fintrx, the Emerson Collective has participated in AI funding rounds totaling more than $1 billion. A representative for the Emerson Collective declined to comment.
Persons: Laurene Powell Jobs, Steve Jennings, Robert Frank, Powell Jobs, Fintrx Organizations: TechCrunch, Getty, Emerson, CNBC, Fintrx Locations: New York, San Jose , California, French, Norwegian
The maritime alliance represents the major shipping lines, all of which are foreign owned, as well as terminal operators and port authorities. Depending on the length of the strike, there could be shortages of consumer and industrial goods, which could then lead to price hikes. What could be in short supplyThe ports involved include the Port of New York and New Jersey, the nation’s third-largest port by volume of cargo handled. Port Wilmington in Delaware describes itself as the nation’s leading banana port, bringing in a large share of America’s favorite fruit. The union has pledged to continue to handling military cargo even during a strike and said passenger ships won’t be affected.
Persons: , ” Harold Daggett, containerization, John McCown, Biden, , Joe Biden, Taft, Hartley, George W, Bush, Julie Su, Peter Buttigieg, Lael Brainard, ” Biden, ” CNN’s Arlette Saenz Organizations: New, New York CNN, Gulf Coasts, International Longshoremen’s Association, ILA, United States Maritime Alliance, American Farm Bureau, , Business, Labor, National Economic Council, CNN, Union, Labor Department Locations: New York, Gulf, Maine, Texas, of New York, New Jersey, Port Wilmington, Delaware, Port, Baltimore, West Coast, Taft
Biden says he won't intervene if port workers go on strike
  + stars: | 2024-09-29 | by ( ) www.cnbc.com   time to read: 1 min
U.S. President Joe Biden gestures as he arrives to Dover Air Force Base in Dover, Delaware, U.S., September 27, 2024. U.S. President Joe Biden said on Sunday he did not intend to intervene to prevent a port strike on the East Coast and Gulf of Mexico if dock workers failed to secure a new contract by an Oct. 1 deadline. "It's collective bargaining. I don't believe in Taft-Hartley," he told reporters. Presidents can intervene in labor disputes that threaten national security or safety by imposing an 80-day cooling-off period under the federal Taft-Hartley Act.
Persons: Joe Biden, Hartley, Taft Organizations: Dover Air Force Base Locations: Dover , Delaware, U.S, East Coast, Gulf of Mexico, Taft
U.S. East Coast port strike set to start Tuesday, union says
  + stars: | 2024-09-29 | by ( ) www.cnbc.com   time to read: +1 min
A port strike on the U.S. East Coast and Gulf of Mexico will go ahead starting on Tuesday, the International Longshoremen's Association union said on Sunday, signaling action that could cause delays and snarl supply chains. "United States Maritime Alliance ... refuses to address a half-century of wage subjugation," the union said in a statement. The United States Maritime Alliance, known as USMX, represents employers of the East and Gulf Coast longshore industry. If union members walk off the job at ports stretching from Maine to Texas, it would be the first coast-wide ILA strike since 1977. Presidents can intervene in labor disputes that threaten national security or safety by imposing an 80-day cooling-off period under the federal Taft-Hartley Act.
Persons: Joe Biden, Hartley, Taft Organizations: U.S ., International Longshoremen's Association, United States Maritime Alliance, ILA Locations: U.S . East Coast, Gulf of Mexico, East, Gulf Coast, Maine, Texas, Taft
It comes after China greenlit international adoption in 1992, leading to roughly 160,000 Chinese children being adopted to other countries, with half going to the U.S. The slowed international adoption coincides with a 2016 reversal of China’s one-child policy, which limited each Chinese family to one child in order to control population growth. With the door closed on international adoption, Newton emphasized that in order for those currently in Chinese social welfare institutes to thrive in their birth country, they also need more support. “The situation truly is a little bit more complicated for these kids with intense disabilities, especially with the rising costs of living in China,” Newton said. Newton said adoptees are often seen as “perpetual children” whose points of view don’t need to be considered.
Persons: Maze Felix, ” Felix, they’re, Grace Newton, ” Newton, Newton, , ’ ”, Mao Ning, , it’s, Monaco, adoptees, ” Monaco, didn’t, Katelyn Monaco, Felix, there’s, There’s Organizations: China, NBC News, Foreign, U.S, Research, Katelyn, Monaco, Locations: China, Cleveland, Beijing, Katelyn Monaco, Quincy , Massachusetts, Monaco, Los Angeles, Yangzhou,
Olga, who did not want to give her last name for privacy reasons, said the proposed bill doesn’t change her plans. And the Russian parliament gave its initial backing Wednesday to legislation that would ban the adoption of Russian children by people from countries that allow gender transition. “It’s not because I read ‘childfree’ information or someone tried to persuade me not to have children. It’s just that I decided it for myself,” said Panarina, 40, adding that the proposed legislation would not change her mind. For her, the proposed legislation is not about women’s rights per se, Panarina said, as much as the government’s effort to defend Russia’s traditional way of life.
Persons: Russia’s, ” Vyacheslav Volodin, Vladimir Putin, Dmitry Peskov, Russia —, Volodin, childlessness ”, it’s, , Dariana Gryaznova, ” Olga, Olga, , ” Putin, Natalia Kolesnikova, Daria Panarina, “ It’s, It’s, Panarina, ” Panarina, Ella Rossman, Rossman, ” Gryaznova Organizations: West, Kremlin, U.S, State Duma, “ Bills, NBC, Getty, NBC News, Russia’s Academy of Sciences, University College London School of Slavonic, East European Studies Locations: Ukraine, Russia, United States, State, Russian, Moscow, Russia’s, Primorsky Krai, Red, AFP, Philippines
Despite Aurora becoming a regular talking point at his rallies, a Trump campaign spokesperson declined to specify when or if the former president would visit the city. But Aurora has some important differences: It has a much larger population and has long been diverse. There has been crime, but it’s not clear how much of it is gang-related or directly attributed to increased migration. “They’re going in with guns that are beyond even military scope and they’re taking over apartment buildings,” Trump said Wednesday in North Carolina. Resources in Denver have been stretched thin — and migrants have sought housing in neighboring Aurora, where rent is cheaper.
Persons: Donald Trump, Mike Coffman, who’s, Trump, Coffman, , “ They’re, ” Trump, Cindy Romero didn’t, ” Romero, ” She’d, , Romero, Greg Abbott, Emily Goodman, ” Coffman, Goodman, ” Goodman, Tren, it’s, Todd Chamberlain, ” Chamberlain, Kamala Harris, he’d, “ I’m, “ I’ve, They’re, ” Carlos Ordosgoitti, ” Ordosgoitti Organizations: AURORA, Republican, GOP, Aurora, Trump, Dallas, Texas Gov, Resources, East, East Colfax Community, NBC, they’ve, Fox News Locations: Colo, Colorado’s, Springfield , Ohio, , Charleroi, Pa, Aurora, North Carolina, Denver, East Colfax, Venezuelan, He’s, Venezuela
China's stock market has recently rebounded on the promise of further economic and market stimulus. The measures include cuts to a variety of interest rates , as well as support for China's flagging real estate sector . China's stimulus efforts The Shanghai Composite has rallied sharply in the aftermath of those moves but remains about 50% below its all-time high of nearly 6,000, last seen in 2007. These moves have failed to boost growth or lead to a durable and sustainable stock market rally. The U.S. stock market accounted for roughly 60% of global stock market valuation in 2023.
Persons: David Tepper, Let's, Ron Insana Organizations: Bank, Atlanta, Apple, Microsoft, Nvidia, Amazon, European Union, U.S . Energy, Administration, The, U.S, Olympus, CNBC Locations: United States, China, It's, Shanghai, U.S, Beijing, Europe, Canada, European, The U.S, Russia, Iran, North Korea
“I committed to UNLV based on certain representations that were made to me, which were not upheld after I enrolled. “Football player Matthew Sluka’s representative made financial demands upon the University and its NIL collective in order to continue playing. UNLV has honored all previously agreed-upon scholarships for Matthew Sluka.”The Rebels have removed Sluka from their football team’s online roster. I did not receive a dime from any UNLV collective,” he posted. UNLV are set to face Fresno State at home without Sluka and Allen on Saturday.
Persons: Matthew Sluka, , ” Sluka, , Marcus Cromartie, Sluka, ” Rob Sine, UNILV, Cromartie, Matthew Sluka’s, Michael Allen, weren’t, I’m, ” Allen, Allen Organizations: CNN, The University of Nevada, Las Vegas ’, UNLV, Twitter, NCAA, ESPN, Blueprint Sports, ” CNN, UNLV Athletics, “ Football, University, “ UNLV, Rebels, JR, The Rebels, Fresno State Locations: Las, Nevada
Starbucks CEO Brian Niccol said the coffee chain is committed to bargaining in good faith with the union that represents many of its baristas, as the two sides work to craft a labor deal. He was responding to a letter from the Starbucks Workers United bargaining delegation sent a day earlier, ahead of another bargaining session between Starbucks and the union. Three years ago, Starbucks baristas started unionizing under Workers United, an affiliate of the Service Employees International Union. Niccol joined Starbucks several weeks ago, making him a newcomer to the union discussions. Today, Workers United represents more than 490 of Starbucks' U.S. cafes and more than 10,500 of its employees.
Persons: Brian Niccol, Niccol, Starbucks baristas, Chipotle Organizations: CNBC, Starbucks Workers United, Starbucks, Workers United, Service Employees International Union, burrito Locations: Lansing , Michigan, Augusta , Maine, U.S
An unidentified Gettysburg College student who allegedly carved a racial epithet on the chest of a teammate is no longer enrolled at the Pennsylvania liberal arts college, the school said over the weekend. "We can report now that the individual who scratched a slur onto another person is no longer enrolled at the College," the parties stated. A spokesperson for the college confirmed it, saying the alleged perpetrator and victim were suspended from the swim team pending the outcome of an investigation. On Friday, The Gettysburgian published a statement from the victim's family. The victim’s family said he was the only person of color at the gathering and that the alleged perpetrator was a trusted friend of his.
Persons: Bob Iuliano, Iuliano, Jamie Yates, Yates, Organizations: Gettysburg College, Sunday, College, NAACP, Pennsylvania, Human Relations, U.S . Justice Department's Civil Rights Division, Gettysburg, III, Centennial Conference, Division, District Locations: Pennsylvania, Gettysburg
Read preview"The Secret Lives of Mormon Wives" is officially one of Hulu's biggest reality hits. Who will return for 'The Secret Lives of Mormon Wives' season 2? Related storiesWill there be any new cast members on 'The Secret Lives of Mormon Wives' season 2? What could happen on 'The Secret Lives of Mormon Wives' season 2? "The Secret Lives of Mormon Wives" season one is streaming on Hulu.
Persons: , Taylor Frankie Paul, Tate Paul, Paul, Whitney Leavitt, Layla Taylor, Demi Engemann, Jessi Ngatikaura, Jen Affleck, Mikayla Matthews, Mayci, Disney, Ashley Rose Ramirez, Neeley, Leavitt, Zac Affleck, Affleck, MomTok, Camille Munday, Victoria Zalic, Miranda McWhorter, Taylor, Dakota Mortensen, Fred Hayes, Mortensen, Jenna, Jenna — Organizations: Service, Business, Hulu, Disney Locations: MomTok, New York City, Utah
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
President Joe Biden welcomed the Gotham Football Club to the White House on Monday, the first National Women’s Soccer League championship team to have the distinction. Biden then welcomed to the stage former U.S. women's national soccer team star Ali Krieger, who played with Gotham until her retirement last year. "Reflecting on my career, I recall times when women's soccer lacked coverage and support," Krieger said. Kevin Dietsch / Getty ImagesThough Gotham FC is the first NSWL team to reach the White House, it is not the only women's soccer team to be invited. Two other now-defunct leagues have been formed in the U.S. since 2000— the Women's United Soccer Association and the Women's Professional Soccer league.
Persons: Joe Biden, Biden, , Ali Krieger, Krieger, Juan Carlos Amorós, Midge Purce, Kevin Dietsch, Barack Obama, ” Krieger Organizations: Gotham Football Club, White, National Women’s Soccer League, team, Gotham, NJ, NY Gotham FC, Women's Soccer League, Gotham FC, Women's United Soccer Association, Professional Soccer, Sky Blue FC, WPS, White House Locations: York, New Jersey, San Diego, U.S, New York
The Summary A new study found that some members of an octopus species hunt cooperatively in groups with fish. A new study shows that some members of the species Octopus cyanea maraud around the seafloor in hunting groups with fish, which sometimes include several fish species at once. It’s an indication that at least one octopus species has characteristics and markers of intelligence that scientists once considered common only in vertebrates. These hunting groups typically included several species of reef fish, such as grouper and goatfish. These are the ambush predators, the ones that don’t move, don’t look for prey,” Sampaio said.
Persons: aren’t, , Eduardo Sampaio, Simon Gingins, ” Sampaio, it’s, , Martha, I’ve, ” It’s, Jonathan Birch, ” Birch, cyanea Organizations: Max Planck, Animal, London School of Economics Locations: Eilat, Israel
Read previewOpenAI CEO Sam Altman is working on a new AI device startup with former Apple design chief Jony Ive and Laurene Powell Jobs, the widow of the late Apple founder Steve Jobs. Marc Newson, who cofounded LoveFrom with Ive, told The Times that they were still figuring out the product and its release date. Advertisement"I'm interested in this topic, I think it is possible," Altman told The Journal's tech columnist Joanna Stern at the event. Notably, Altman told Stern in October 2023 that he didn't think AI devices would eclipse smartphones. Related storiesFormer Apple employees Imran Chaudhri and Bethany Bongiorno cofounded their own AI startup, Humane in 2019 and launched their first product, the Ai Pin in November.
Persons: , Sam Altman, Jony, Laurene Powell Jobs, Steve Jobs, Brian Chesky, Altman, Airbnb, Emerson, Powell Jobs, Marc Newson, Joanna Stern, Stern, Imran Chaudhri, Bethany Bongiorno, Zoz Organizations: Service, Apple, The, The New York Times, The Times, Business, Apple Watch, Times, Bloomberg, Humane, Emerson, Business Insider Locations: OpenAI
Read preview69-year-old Vinod Khosla shared some bold predictions about the future of AI in a more than 10,300-word essay on Friday. The venture capitalist, whose firm Khosla Ventures invested $50 million into OpenAI in 2019, holds highly optimistic views about the future of AI. OpenAI's GPT O1 wasn't fully convincedInterestingly enough, OpenAI's most advanced AI yet didn't echo all of Khosla's predictions. It agreed with some, like AI's transformative potential in providing economic and societal benefits, democratizing access to healthcare and education, and enhancing creativity. AdvertisementBut it labeled some of Khosla's predictions about AI "overly optimistic," like AI performing 80% of tasks in 80% of jobs in the next 25 years.
Persons: , Vinod Khosla, Khosla, OpenAI, ChatGPT, Vinod Khosla's Organizations: Service, Khosla Ventures, Business, O1 Locations: OpenAI
Foot Locker turns 50 while on a bit of an upswing two years into Dillon's tenure as CEO. Coi Leray performs at Foot Locker 50th anniversary event on September 16, 2024 in New York. "Whereas Foot Locker looks vulnerable because it just doesn't have all these other strings to its bows," said Saunders. Foot Locker store location on 34th street in New York City. The company is working to refresh two-thirds of its global Foot Locker and Kids Foot Locker doors by the end of 2025, and said 40% of its North American footprint is now off-mall.
Persons: Patrick T, Mary Dillon, Locker, Mike Vitelli, Isabella Picicci, we've, Dillon, Neil Saunders, Dick's, Saunders, they're, Frank Winfield Woolworth, Janine Stichter, Foot, Frank Bracken, Bracken, America sputtered, WSS, , she's, That's, Stichter, they'd, Kim Waldmann, it's, Waldmann, that's, Foot Locker Organizations: Nike, Foot, Beverly Center, Fallon, Bloomberg, Getty, PR, Adidas, CNBC, Goods, JD, JD Sports, City of, Forbes, Jordan, she's Locations: Los Angeles, New York City, New York, City, City of Industry , California, U.S, America, North America, GlobalData, Foot
Read previewMario Vasquez Zuniga, 29, got a taste of entrepreneurship three years before he launched his own business. In 2023, Vasquez Zuniga quit his job and cofounded Collective, a consulting firm, with former colleague Thea Appling. Vasquez Zuniga is a first-generation college graduate who earned his degree from San Francisco State University in 2016. Vasquez Zuniga has another advantage: He's a native Spanish speaker, and he said nearly all of the people he works with are bilingual. Vasquez Zuniga added that setting milestones is also key for new entrepreneurs.
Persons: , Mario Vasquez Zuniga, Vasquez Zuniga, Thea Appling, " Vasquez Zuniga, who's, undervalue, they've, hasn't Organizations: Service, Lucas Public Affairs, Business, Treasury Department, Bureau of Labor Statistics, San Francisco State University, Small Business Administration, CPA, Sacramento Valley Small Business Development Center, Immigrants Locations: Palmdale , California, Sacramento, El Salvador, Spanish
1 guided her squad to a cathartic triumph in Gainesville, Virginia last Sunday, the host winning 15½ - 12½ over Europe at Robert Trent Jones Golf Club to end a seven-year wait to hoist the Solheim Cup. They saw how much it means to me.”Lewis and her daughter pose with the trophy. Squad chemistry grew even more courtesy of the most illustrious of cheerleaders, former President Barack Obama. “You could tell that he had watched a little bit before and that was definitely a special day for us.”Team USA celebrate triumph. 1 Korda, the host held its nerve to claim the trophy, which quickly became a de facto goblet for champagne.
Persons: CNN — Stacy Lewis, dozing, Team USA’s, rumination, , ” Lewis, CNN’s Patrick Snell, Lewis, Robert Trent Jones, Lilia Vu, Chesnee, “ They’d, Gregory Shamus, Sarah Schmelzel, Lauren Coughlin, Alison Lee – Lewis, Barack Obama, Obama, Jack Fulghum, Taylor Takada, sheepishly, , , , Scott Taetsch, Nelly Korda, Charley Hull, Korda Organizations: CNN, Team, Robert Trent Jones Golf, Solheim, USA, , Walmart Locations: Spain, Europe, American, Gainesville , Virginia, Virginia, Washington , DC, Arkansas, Netherlands
Read previewKate Jhaveri, TikTok's head of global marketing, is leaving the company this month as part of a leadership shake-up, according to an internal memo shared with staffers. "Together, we decided the best way to achieve this vision is to remove the head of global marketing role, and bring everyone within Global Brand & Comms under one leader." Its former VP of global communications, Hilary McQuaide, exited the company that same month, the executive posted on LinkedIn. Together, we decided the best way to achieve this vision is to remove the head of global marketing role, and bring everyone within Global Brand & Comms under one leader, aligning our work and goals toward one comprehensive vision. AdvertisementFinally, we are also making a change to our social media team to enable a more scalable model for Global Brand & Comms.
Persons: , Kate Jhaveri, Zenia Mucha, Mucha, Jhaveri, Zuber Mohammed, Hilary McQuaide, ByteDance, Kate, Dexter Fedor, Manish Gupta, Alistair Lennie, Zuber, Alastair Boyle, Jordan Guo, Carol Baracat, Helen Lawrence, Erin Fors Organizations: Service, Global, Business, Disney, NBA, LinkedIn, CSR, AMS, EMEA, Global Brand Locations: Beijing
Yet, according to financial advisors, there is an outlier in the realm of investing: the 401(k) match. The basic concept of a 401(k) match is that an employer will make a matching contribution on workers' retirement savings, up to a cap. In this example — a dollar-for-dollar match up to 3% — the investor would be doubling their money, the equivalent of a 100% profit. "If you were in Vegas and every time you put $1 in [the slot machine] you got $2 out, you'd probably be sitting at that slot machine for a mighty long time," said Elliott, a member of CNBC's Advisor Council. However, that money can come with certain requirements like a minimum worker tenure, more formally known as a "vesting" schedule.
Persons: Kamila Elliott, you'd, Elliott Organizations: Collective Wealth Partners Locations: Atlanta, Vegas
OSLO, Norway — A Norwegian human rights foundation gave its annual prize on Thursday to jailed Cuban dissident leader Luis Manuel Otero Alcántara for his “fearless opposition to authoritarianism through art”. Four past laureates of the Rafto prize — Myanmar’s Aung San Suu Kyi, East Timor’s Jose Ramos-Horta, South Korea’s Kim Dae-jung and Iran’s Shirin Ebadi — later went on to win the Nobel Peace Prize. This year’s Peace Prize will be announced on Oct. 11 in Oslo. “The 2024 Rafto prize aims to highlight the importance of the work of Luis Manuel Otero Alcántara and other artists in challenging power structures and defending democracy and human rights, both in Cuba and globally,” the Norwegian foundation said in a statement. On Thursday, the Rafto foundation called on the Cuban government to release him, joining similar calls by Human Rights Watch and Amnesty International.
Persons: Luis Manuel Otero Alcántara, Jose Ramos, Kim Dae, Shirin Ebadi — Organizations: San Isidro Movement, Human Rights Watch, Amnesty International Locations: OSLO, Norway, Norwegian, Cuban, Suu Kyi, East, Horta, South, Oslo, Cuba, Havana
The WNBA has enjoyed some of the fastest growth a sports league has ever seen, thanks in large part to superstar rookies Caitlin Clark and Angel Reese. But top WNBA players don't yet have the lofty salaries to match. Once the WNBA season is over, Jones plays a second season in Europe, mainly to complement her salary. The money is allocated from the $75 million the WNBA raised in 2022 from a group of investors. Though the WNBA's success has not yet led to the massive salaries seen in men's pro sports, many in the league believe it's only a matter of time.
Persons: Caitlin Clark, Angel Reese, they've, Sportico's, Cathy Engelbert, Brionna Jones, A'ja Wilson, Breanna Stewart, Jones, I'm, Engelbert, Stephanie White, It's, we've Organizations: WNBA, Las Vegas Aces, Seattle Storm, New York Liberty, Disney, Amazon Prime, NBA, Connecticut Sun, The Washington Post, CBA Locations: Europe, The Washington
I've noticed that the British "stiff upper lip" is a real thing. The British "stiff upper lip" often refers to stoicism. Pawal Libera/Getty ImagesI feel like most people in the UK are employed in a collective national campaign against making a scene. It's become a bit of a cliché, but the stoic "stiff upper lip" that is often used to describe Brits seems to hold some truth. When I'm emotional, I like to talk about it.
Persons: I've, Pawal, It's
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