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Iran sought to project a sense of order and control on Monday by quickly naming an acting president and foreign minister a day after a helicopter crash killed both leaders. The change in leadership came at a time of heightened tensions in the Middle East and domestic discontent in Iran, where many residents have called for an end to decades of repressive clerical rule. Iran’s supreme leader, Ayatollah Ali Khamenei, announced five days of mourning for the president, Ebrahim Raisi, 63, and the foreign minister, Hossein Amir Abdollahian, 60, who died when their helicopter plunged into a mountainous area near the Iranian city of Jolfa. The men had been returning from Iran’s border with Azerbaijan after inaugurating a joint dam project. He had been widely viewed as a possible successor to Ayatollah Khamenei, 85.

Persons: Iran’s, Ayatollah Ali Khamenei, Ebrahim Raisi, Hossein Amir Abdollahian, Mr, Raisi, Ayatollah Khamenei Organizations: Iran’s Armed Forces Locations: Iran, Iranian, Jolfa, Iran’s, Azerbaijan

☆ Iran's President Raisi and Foreign Minister Amirabdollahian killed in helicopter crash, state media says
▼ + stars: | 2024-05-20 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +2 min

Iranian President Ebrahim Raisi speaks during a meeting with the cabinet in Tehran, Iran, October 8, 2023. Iranian President Ebrahim Raisi and Foreign Minister Hossein Amirabdollahian died in a helicopter crash, state media reported Monday. Iranian state television reported there was "no sign of life" at the crash site of the helicopter that carried Raisi, Amirabdollahian, and others. "All the passengers of the helicopter carrying the Iranian president and foreign minister were martyred," semi-official news agency Mehr News reported. "The overall outline of Iranian foreign policy is not likely to change significantly."

Persons: Ebrahim Raisi, Hossein Amirabdollahian, Ali Ahmadi, CNBC's, Raisi, Malik Rahmati, Affairs Mohsen Mansouri, Pirhossein Koulivand, Ayatollah Khamenei Organizations: Mehr News, FARS News Agency, Geneva Center for Security, Communication, Affairs, Iran's Revolutionary Guards Corps Locations: Tehran, Iran, FARS, Azerbaijan Republic, Iran's, East Azerbaijan's, Tabriz, Turkey, Russia

☆ Iran’s President Died, Opening a New Chapter of Instability
▼ + stars: | 2024-05-20 | by ( Matthew Cullen | ) www.nytimes.com time to read: +1 min

Ebrahim Raisi, Iran’s president, was killed yesterday in a helicopter crash along with the country’s foreign minister. A conservative Shiite Muslim cleric, Raisi had a hand in brutal crackdowns on opponents of the Islamic Republic, and he was widely viewed as a possible successor to Iran’s supreme leader, Ayatollah Ali Khamenei. “Now there’s also anxiety about what’s going to happen in the future.”Politically, little is likely to change in the short term. Khamenei sets the tone, and the next president will all but certainly follow his lead. Raisi’s death added to the speculation that Khamenei’s son, an invisible but powerful figure, could become the next supreme leader.

Persons: Ebrahim Raisi, Raisi, Iran’s, Ayatollah Ali Khamenei, ”, Khamenei, it’s, Farnaz Fassihi, there’s Organizations: State Locations: Islamic Republic, Iran, Israel

☆ Iranian President Ebrahim Raisi dies in helicopter crash
▼ + stars: | 2024-05-20 | by ( Kenneth Niemeyer | Cheryl Teh | ) www.businessinsider.com time to read: +3 min

Read previewIranian President Ebrahim Raisi has died after a helicopter crash in northwestern Iran, multiple news agencies reported, citing Iranian state media. Interior Minister Ahmed Vahidi told IRNA, Iran's state-run news agency, that a helicopter carrying Raisi and other senior Iranian officials was forced to make a "hard landing" on Sunday, without providing further details. Related storiesIran's foreign minister, the governor of Iran's East Azerbaijan province, and other officials were also on board the helicopter. Raisi is considered a "hard-liner" and a "protégé" of Iranian Supreme Leader Ayatollah Ali Khamenei. Raisi has led Iran through heightened tensions in the region, including the conflict between Israel and Hamas in Gaza.

Persons: —, Ebrahim Raisi, Ahmed Vahidi, IRNA, Mohammad Mokhber, Al, Mokhber, Raisi, Ayatollah Ali Khamenei Organizations: Service, Business, Raisi, Associated Press, Iranian, United, United States Institute of Peace Locations: Iran, Iran's, Iran's East Azerbaijan province, Azerbaijan's, Al Jazeera, Israel, Gaza, Iranian, Damascus, United States, Russia, Ukraine

☆ Instagram Is Giving People Meaningless Little Badges for Posting
▼ + stars: | 2024-05-20 | by ( Emily Stewart | ) www.businessinsider.com time to read: +9 min

But an Instagram posting streak is different from, say, exercising every week for a year or doing a language lesson daily, both of which have intrinsic value. You feel good about trying to get in shape or practicing Spanish no matter who sees; that's not the case for Instagram posting. "But to post on Instagram, I'm not like, 'Wow, I'm a great poster.'" Ultimately, the Instagram badges aren't the end of the world. AdvertisementThe Instagram badges aren't widely available for all users yet, and a spokesperson for Meta said they had nothing to share on whether they eventually would be.

Persons: I've, Instagram, Wordle, Meta, Instagram's, Scott Kessler, it's, Ali Grant, Grant, that's, Barasch, I'm, they'd, she'd, —, Emily Stewart Organizations: YouTube, Third, Meta, Facebook, Digital, University of Colorado Boulder's Leeds School of Business, Business

☆ CNBC Daily Open: Dow at record high, Iran’s president dies in helicopter crash
▼ + stars: | 2024-05-20 | by ( Abid Ali | ) www.cnbc.com time to read: 1 min

In this article GMENVDATSLAGOOGL Follow your favorite stocks CREATE FREE ACCOUNTTraders work on the floor of the New York Stock Exchange during morning trading on May 17, 2024 in New York City. Angela Weiss | AFP | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? What you need to know todayThe bottom line

Persons: Angela Weiss Organizations: New York Stock Exchange, AFP, Getty, CNBC Locations: New York City

☆ Billionaire Dan Snyder funded a movie about Trump. Now he's reportedly furious it's not flattering.
▼ + stars: | 2024-05-20 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +1 min

Billionaire Dan Snyder funded a biopic about Donald Trump, Variety reports. "The Apprentice," a movie about Trump's early business years, premieres at Cannes on Monday. Now Snyder is getting lawyers involved because the movie isn't positive about Trump, Variety reports. AdvertisementBillionaire and Donald Trump supporter Dan Snyder helped pay for a Donald Trump movie but is now furious after realizing the film isn't actually flattering to Trump, according to a new report from Variety. This story is available exclusively to Business Insider subscribers.

Persons: Dan Snyder, Donald Trump, Snyder, —, Ali Abbasi, Sebastian Stan, Trump, Jeremy Strong, Roy Cohn Organizations: Variety, Cannes, Trump, Service, Business

☆ Ebrahim Raisi, Iran’s President, Dies in Helicopter Crash at 63
▼ + stars: | 2024-05-20 | by ( Erika Solomon | Farnaz Fassihi | ) www.nytimes.com time to read: +1 min

Ebrahim Raisi, Iran’s president and a top contender to succeed the nation’s supreme leader, was killed on Sunday in a helicopter crash. A conservative Shiite Muslim cleric who had a hand in some of the most brutal crackdowns on opponents of the Islamic Republic, Mr. Raisi was a protégé of Iran’s supreme leader, Ayatollah Ali Khamenei, and a devoted upholder of religious rule in the country. Mr. Raisi’s presidency was shaped by two major events: the 2022 nationwide uprising, led by women and girls, demanding the end to the Islamic Republic’s rule and the government’s brutal crushing of that movement; and the current Middle East war with Israel, with which it had a long history of clandestine attacks. As the president under Iran’s political system, Mr. Raisi did not set the country’s nuclear or regional policy. But he inherited a government that was steadily expanding its regional influence through a network of proxy militia groups and a nuclear program that was rapidly advancing to weapons-grade uranium enrichment levels following the United States’ exit from a nuclear deal.

Persons: Ebrahim Raisi, Raisi, Ayatollah Ali Khamenei, Raisi’s Locations: Islamic Republic, Israel, States

☆ Opinion: Iran’s president is dead. The cruel show goes on
▼ + stars: | 2024-05-20 | by ( Opinion Frida Ghitis | ) edition.cnn.com time to read: +7 min

She is a weekly opinion contributor to CNN, a contributing columnist to The Washington Post and senior columnist for World Politics Review. Expect clerics and security forces – the military and Iran’s Islamic Revolutionary Guard Corps (IRGC) – to compete to see who can gain the upper hand, with hardliners in both groups seeking to position themselves for dominance. The chance of a kinder, gentler Iran emerging after new presidential elections are held in 50 days are essentially nil. He won, but most voters spoiled their ballots or stayed home, with the lowest turnout in the Islamic Republic’s history. Now Raisi is dead and the odds are that he will be replaced by another hardliner.

Persons: Frida Ghitis, Ebrahim Raisi, Raisi, Hossein Amir Abdollahian, –, Ali Khamenei, Khamenei acolyte, ”, Mahsa Amini, ” Raisi Organizations: CNN, Washington Post, Politics, Islamic, Ukraine, Islamic Revolutionary Guard Corps, Army, Amnesty International, Green Movement, US Locations: Republic of Iran, Islamic Republic, Iran, Israel, Gaza, Lebanon, Yemen, Damascus, Russia, China, North Korea, Tehran, Saudi Arabia

☆ What to Know About Mohammad Mokhber, Iran’s Acting President
▼ + stars: | 2024-05-20 | by ( Alissa J. Rubin | ) www.nytimes.com time to read: 1 min

With the death of President Ebrahim Raisi, Iran’s first vice president, Mohammad Mokhber, becomes acting president. Mr. Mokhber is a conservative political operative with a long history of involvement in large business conglomerates closely tied to Iran’s supreme leader, Ayatollah Ali Khamenei. In a statement on Monday, Mr. Khamenei said that Mr. Mokhber must work with the heads of the legislature and judiciary to hold elections for a new president within 50 days. Vice presidents in Iran are typically low profile, operating more as players within the government than as public figures. “Iran’s vice presidents have traditionally not been contenders to succeed their bosses,” said Robin Wright, a joint fellow at the U.S. Institute of Peace and the Wilson Center in Washington.

Persons: Ebrahim Raisi, Iran’s, Mohammad Mokhber, Mokhber, Ayatollah Ali Khamenei, Khamenei, “, ”, Robin Wright Organizations: U.S . Institute of Peace, Wilson Center Locations: Iran, Washington

☆ Iran’s president has died in office. Here’s what happens next
▼ + stars: | 2024-05-20 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +5 min

CNN —Once seen as a likely successor to Iran’s Supreme Leader, President Ebrahim Raisi has died in office, leaving the Islamic Republic’s hardline establishment facing an uncertain future. An ultraconservative president, 63-year-old Raisi was killed Sunday, along with Foreign Minister Hossein Amir-Abdollahian and other high-ranking officials, in a helicopter crash in Iran’s remote northwest. Raisi’s death has raised questions about who will eventually succeed Iran’s 85-year-old Supreme Leader Ayatollah Ali Khamenei, the most powerful man in the country. According to the constitution, the 88-member Assembly of Experts picks the successor to the Supreme Leader after his death. “(This) definitely throws all the plans that offices of the Supreme Leader probably had out the window,” Vaez told CNN’s Paula Newton.

Persons: CNN —, Ebrahim Raisi, Raisi, Hossein Amir, growingly restive, ” Ali Vaez, Power, Mohammad Mokhber, Ayatollah Ali Khamenei, —, Hassan Rouhani, ” Parsi, ” Vaez, ” Iran's, Iran’s, Khamenei, Azin, AP “ Ebrahim Raisi’s, ” Karim Sadjadpour, Leader’s, Mojtaba Khamanei, Sadjadpour, Vaez, CNN’s Paula Newton, Islamic Republic ” Organizations: CNN, Iran’s, Islamic, Foreign, IRI, Group, Experts, Quincy Institute, Responsible, Revolutionary Guards, Iran's, Observers, Iran’s Guardian Council, Guardian Council, Moj News Agency, AP, Carnegie Endowment, International Locations: Islamic Republic of Iran, Iran, Islamic Republic, Washington ,, Tehran, Iranian, Raisi, Varzaghan

☆ Helicopter carrying Iran’s president suffers a ‘crash,’ state TV says without further details
▼ + stars: | 2024-05-19 | by ( Mithil Aggarwal | ) www.cnbc.com time to read: +2 min

A helicopter with Iranian President Ebrahim Raisi on board "crashed upon landing" on Sunday, state media reported, with weather conditions complicating rescue efforts. "President Raisi was returning from a ceremony to open a dam on Iran's border with Azerbaijan when his helicopter crashed upon landing in Varzaqan region," it said. Iran's foreign minister, Hossein Amir-Abdollahian, was also traveling in the helicopter, along with East Azerbaijan's governor, Malik Rahmati, and Raisi's security detail, it said. State TV IRIB said the helicopter belonged to the Iranian Red Crescent, which Iran's interior minister Ahmad Vahidi said was part of a convoy. Under Raisi, Iran now enriches uranium at nearly weapons-grade levels and hampers international inspections.

Persons: Ebrahim Raisi, IRNA, Raisi, Hossein Amir, Malik Rahmati, IRIB, Ahmad Vahidi, Ayatollah Ali Khamenei, Yemen's Organizations: United Nations General Assembly, East, East Azerbaijan province —, Iran's, Hamas, Hezbollah Locations: New York City, U.S, East Azerbaijan province, Tehran —, Azerbaijan, Varzaqan, Iran, Tehran, Iraq, Raisi, Russia, Ukraine, Israel, Gaza

☆ Iranian President Helicopter Crash Raisi Has Died in Helicopter Crash, State Media Reports
▼ + stars: | 2024-05-19 | by ( Farnaz Fassihi | ) www.nytimes.com time to read: +4 min

Inside a clothing store in Tehran, a television is set to a news channel reporting on the crash of the helicopter carrying the president of Iran. The crash of a helicopter carrying President Ebrahim Raisi of Iran could hardly have come at a more volatile time for the Islamic Republic. The crash also raises questions about who would become Iran’s supreme leader after Ayatollah Ali Khamenei, who is 85, Mr. Vaez said. Mr. Raisi has been seen as a possible successor. Mr. Vaez said that Mr. Raisi has been viewed as “predictable for the system — and that’s the reason he was chosen as president and was being groomed for the top job.”Farnaz Fassihi contributed reporting.

Persons: Ebrahim Raisi, Raisi —, Iran’s, —, Ali Vaez, ” Mr, Vaez, Mahsa Amini, Ayatollah Ali Khamenei, Raisi, ” Farnaz Fassihi Organizations: Crisis Group, Parliamentary, Islamic, Israel Locations: Tehran, Iran, Islamic Republic, Israel, United States, ”, Kerman, Islamic State, Gaza, Lebanon, Damascus, Syria

☆ Helicopter carrying Iran's president 'crashed upon landing,' state media reports
▼ + stars: | 2024-05-19 | by ( Cameron Manley | ) www.businessinsider.com time to read: +2 min

Read previewA helicopter carrying Iranian President Ebrahim Raisi and other senior Iranian officials "crashed upon landing" on Sunday, Iranian state media reported, without providing further details. The state-run Islamic Republic News Agency (IRNA) said President Raisi was returning from a ceremony to open a dam on Iran's border with Azerbaijan when his helicopter crashed upon landing. Iran's Foreign Minister Hossein Amirabdollahian, the governor of Iran's East Azerbaijan province, Malik Rahmati, and other officials were on board the helicopter, the state-run IRNA news agency reported. Video footage from the crash site reveals the state of the weather conditions. AdvertisementUPDATE - First images of #Iran president's helicopter's area of crash landing, weather conditions unfavourable for flying, search and rescue efforts underway.

Persons: —, Ebrahim Raisi, Raisi, Hossein Amirabdollahian, Malik Rahmati, IRNA, UMQ1tVZzw0, Ali Khamenei Organizations: Service, Republic News Agency, Business, Iranian, Associated Press, Nagorno Karabakh Observer, Iran's Locations: Azerbaijan, Jolfa, Tehran, Iran's, Iran's East Azerbaijan, Iran, Nagorno, Iran's East Azerbaijan province, Iraq, Israel

☆ Who Is President Ebrahim Raisi of Iran?
▼ + stars: | 2024-05-19 | by ( Emma Bubola | More About Emma Bubola | ) www.nytimes.com time to read: +1 min

Ebrahim Raisi, 63, a hard-line religious cleric, was elected president of Iran in 2021. In his tenure as president, he has overseen a strategy to expand his country’s regional influence — backing militant proxies across the Middle East, expediting the country’s nuclear program and bringing the country to the brink of war with Israel. But in the same period, Iran experienced its largest antigovernment protests in decades and a severe economic downturn driven by international sanctions and high unemployment. Mr. Raisi has been seen as the likely successor to Ayatollah Ali Khamenei as supreme leader, the highest political and religious position in the Islamic republic. Mr. Raisi, born in the eastern city of Mashhad in 1960 to a devoutly religious family, was swept up in the fervor of Iran’s Islamic Revolution, which toppled the country’s monarchy in 1979.

Persons: Ebrahim Raisi, Raisi, Ali Khamenei Locations: Iran, Israel, Mashhad

☆ Raisi Has Died in Helicopter Crash, State Media Reports
▼ + stars: | 2024-05-19 | by ( Vivian Nereim | ) www.nytimes.com time to read: +4 min

☆ Tattoo artist Shani Louk became a symbol of the music festival massacre by Hamas. The IDF has finally recovered her body.
▼ + stars: | 2024-05-18 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +3 min

Read previewThe Israel Defense Forces recovered three hostages' bodies from the Gaza Strip, the Israeli military announced on Friday. Shani Louk became a symbol of Hamas' October 7 terrorist incursion into Israel after photos and video footage of her body being abducted went viral. AdvertisementLouk's father, Nissim Louk, spoke of the "relief" of finally having secured the body of his 22-year-old daughter. Hamas militants drive back to the Gaza Strip with the body of Shani Louk. AdvertisementOn October 7 Hamas militants also seized 252 hostages in Israel; 129 hostages are still in captivity in the Gaza Strip, according to Israeli broadcaster Kan.

Persons: —, Daniel Hagari, Shani Louk, Amit Buskila, Yitzchak Gleren, Nissim Louk, Ali Mahmud, Shani, Louk's, Ali Mahmud More, Kan Organizations: Service, Israel Defense Forces, ISA, Business, Nova, Daily, Press, Reynolds Journalism, Hamas, AP, UN Office, Humanitarian Affairs Locations: Gaza, Israel, Kibbutz Re'im, of Israel

☆ Modi's strongman rule raises questions about India's 'democratic decline' as he seeks a third term
▼ + stars: | 2024-05-17 | by ( Sumathi Bala | ) www.cnbc.com time to read: +8 min

Narendra Modi, India's prime minister, center, during a campaign rally in Agra, Uttar Pradesh, India, on Thursday, April 25, 2024. Photographer: Prakash Singh/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty ImagesA decade into power, India's Prime Minister Narendra Modi appears set to secure a rare third term, with the general elections now underway. Opposition 'witch hunt'Ahead of the elections, India's main opposition — the National Congress party — accused the Modi government of freezing its bank accounts. "This is a criminal action on the Congress party done by the prime minister and the home minister," said Congress leader Rahul Gandhi in a fiery attack. "During Manmohan Singh's time, India was also growing very fast," he added, referring to the economic reforms under the former prime minister in the 1990s.

Persons: Narendra Modi, India's, Modi, Prakash Singh, Asim Ali, Ali, Milan, Modi's, —, Rahul Gandhi, Chietigj Bajpaee, Arvind Kejriwal, consecrating, Ronojoy Sen, Neelanjan Sircar, Manmohan Singh's, Sircar Organizations: Bloomberg, Getty Images Bloomberg, Getty, India's, East, CNBC, Dem, Freedom House, Carnegie Endowment, International Peace, Newsweek, Bharatiya Janata Party, National Congress, South Asia, Chatham House, Aam Aadmi Party, Modi's BJP, BJP, Institute of South Asian Studies, Centre for Policy Research Locations: Agra, Uttar Pradesh, India, East Asia, New Delhi, Sweden, U.S, Milan Vaishnav, South Asia, Gujarat, Ali, Delhi, Lok, Ayodhya, Ayodhya —, BJP

☆ Cartoon of Palestinian Boy Inspires, Years After Creator’s Murder
▼ + stars: | 2024-05-17 | by ( Aruna D Souza | ) www.nytimes.com time to read: 1 min

When pro-Palestinian student protesters took over Hamilton Hall at Columbia University last month and renamed it “Hind’s Hall,” the banner they unfurled contained images of a cartoon character created over 50 years ago that symbolizes the resilience of Palestinians. On either side of the text were two images of a barefoot boy with tattered clothes and spiky hair, his back turned to us. The character is called Handala (variously transliterated as Hanzala or Handzala), a name derived from a native plant that is deep-rooted, persistent and bears bitter fruit, and has become a potent symbol of the Palestinian struggle. The image was created by the Palestinian political cartoonist Naji Al-Ali in 1969, one of the most widely read cartoonists in the Arab world, who was murdered in London in 1987. (The case remains unsolved.)

Persons: Naji Al, Ali Organizations: Palestinian, Hamilton Hall, Columbia University Locations: London

☆ CNBC Daily Open: Dow briefly tops 40,000 for the first time, meme stocks down but not out
▼ + stars: | 2024-05-17 | by ( Abid Ali | ) www.cnbc.com time to read: +2 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Dow breaks through 40,000 barrierThe Dow Jones Industrial Average briefly passed the 40,000 mark for the first time before ending lower. The S&P 500 and Nasdaq also hit record highs but ended the session in negative territory. The Dow has climbed nearly 6% in 2024, while the Nasdaq and S&P 500 are up 11% each. [PRO] New S&P 500 targetsWall Street's recent record highs have prompted market analysts to revise their S&P 500 year-end price targets.

Persons: Dow, John David Rainey, We've, Armour, Armour's, Kleiner Perkins, Bob Pisani Organizations: CNBC, Dow Jones Industrial, Nasdaq, Walmart, GameStop, AMC Locations: North America, Sequoia

The no-confidence resolution was introduced by the campus chapter of the American Association of University Professors, a professional faculty organization. The group that brought the no-confidence resolution against Dr. Shafik does not “represent many faculty and students at Columbia University,” the letter stated. On Wednesday, Dr. Shafik wrote a conciliatory note to students and published it in the school newspaper in lieu of a graduation speech. Of the 899 faculty members eligible to vote, 709 completed a ballot. There are about 4,700 full-time faculty members at Columbia, of which the Faculty of Arts and Science represents about 20 percent.

Persons: Nemat, Shafik, “, ” Ben Chang, David Ahmed Ali, ”, Robert Newton, ” Dr, Newton, Liset Cruz Organizations: of Arts and Sciences, Columbia University, American Association of University, University Senate, Hamilton Hall, Columbia College, ”, Israel, Mailman, of Public Health, New School, City University of New, CUNY, New York University, Columbia, Ivy League, of Arts and Science Locations: Israel, Hamilton, Columbia, Gaza, City University of New York

☆ Putin is putting his bromance with Xi on full display — but China has reason to be wary
▼ + stars: | 2024-05-16 | by ( Tom Porter | ) www.businessinsider.com time to read: +5 min

Read previewChina's leader, Xi Jinping, rolled out the red carpet for his "old friend" Vladimir Putin on Thursday. For his part, Putin lavished praise on China, whose support has been vital during Russia's invasion of Ukraine. But underneath the pageantry and rhetoric, Xi is under mounting pressure over his alliance with Putin — and he has good reason to be wary of their "no limits" partnership. President Vladimir Putin and China's President Xi Jinping attend a concert marking the 75th anniversary of the establishment of diplomatic relations between Russia and China in Beijing. "Meeting with Putin now is Xi's way of showing that China will not bend to Western pressure," said Torigian.

Persons: —, Xi, Vladimir Putin, Putin, Putin —, Xi Jinping, ALEXANDER RYUMIN, Zhao Tong, Graeme Thompson, Thompson, Joseph Torigian, Ali Wyne Organizations: Service, Business, Getty, BBC, Carnegie Endowment, Eurasia Group, Putin, Financial Times, School of International Service, American University, Xi, International Crisis Locations: Russian, Soviet, China, Ukraine, Russia, Beijing, Europe, Moscow, United States, Washington ,, America, Russia's, West

☆ A new mantra for AI models: 'good enough' is good enough
▼ + stars: | 2024-05-16 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +5 min

In particular, it beat OpenAI's GPT 3.5, a model that was released two years earlier, an eternity in AI years. This new, leaner model will cost users only 35 cents per million tokens, compared with $7 per million for the Gemini 1.5 Pro model. But it remains to be seen if state-of-the-art is actually a good business model. said the founder and CEO of one seed-stage startup that's training new AI models, "but then, you know, as businesses, what you also want to do is what is good enough." As AI models get bigger and gobble up more money and computing resources, there are often diminishing returns in terms of performance.

Persons: —, Databricks, Ali Ghodsi, Ghodsi, Claude, it'll, Morgan Stanley, Martin Kon, Kon, OpenAI Organizations: Service, Business, Companies, Google, Gemini, Microsoft, Apple

☆ CNBC Daily Open: Wall Street hits record, 'Thee rate cuts'
▼ + stars: | 2024-05-16 | by ( Abid Ali | ) www.cnbc.com time to read: +2 min

The Charging Bull is seen on an empty Wall Street on April 20, 2020 in New York City. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Wall Street hits record highThe S&P 500 and the Nasdaq rose to record highs after inflation data came in lower than expected. All three major indexes closed at record highs. Asia up, Japan's GDP shrinksAsia-Pacific markets rose on Thursday after Wall Street hit record highs.

Persons: Buffett, Chubb, Warren, Berkshire Hathaway, Seng, Biden, Morgan Stanley Organizations: CNBC, Nasdaq, Dow Jones Industrial, Federal, Tech, Nvidia, Apple, Microsoft, GameStop, AMC, Berkshire, Wall, Nikkei, U.S Locations: New York City, Zurich, Asia, Pacific, China

☆ CNBC Daily Open: Wall Street hits record highs as rate cut bets rise on soft inflation data
▼ + stars: | 2024-05-16 | by ( Abid Ali | ) www.cnbc.com time to read: +2 min

A trader works during the closing bell at the New York Stock Exchange (NYSE) on March 17, 2020 at Wall Street in New York City. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Wall Street hits record highThe S&P 500 and the Nasdaq rose to record highs after inflation data came in lower than expected. The Dow Jones Industrial Average jumped 350 points as investors bet the Federal Reserve may cut rates in September. Inflation easesApril's consumer price index rose 0.3%, slightly less than expected, while on a 12-month basis, inflation increased 3.4% in line with economists' forecasts.

Persons: JPMorgan Chase Jamie Dimon, Dimon, Anton Peraire, James Peraire, Biden, Morgan Stanley Organizations: New York Stock Exchange, Wall, CNBC, Nasdaq, Dow Jones Industrial, Federal, Tech, Nvidia, Apple, Microsoft, JPMorgan, Sky News, U.S . Treasury Department, GameStop, AMC, Justice, MIT, U.S Locations: New York City, America, cryptocurrency, China

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