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☆ Spanish Socialists' candidate elected speaker with support of Catalan groups
▼ + stars: | 2023-08-17 | by ( ) www.reuters.com time to read: +4 min

Francina Armengol was appointed speaker after winning 178 votes in the 350-seat parliament. The candidate of the conservative People's Party (PP) won just 137 votes, while far-right Vox, which is in coalition with the PP in several Spanish regions, voted for its own candidate, Ignacio Gil instead of the PP's. Her candidacy for the speakership was seen as a nod to Catalan, Basque and Galician parties. CONCESSIONS TO SEPARATISTSERC leader Gabriel Rufian told a news conference that while the party had supported the Socialists' candidate for congressional speaker, that did not imply support for the formation of a Sanchez government. More hardline separatist party Junts also struck a deal in principle to back Armengol, according to state broadcaster TVE.

Persons: Pedro Sanchez's, Francina Armengol, Ignacio Gil, Alberto Nunez Feijoo, Sumar, Esquerra Republicana, Armengol, Gabriel Rufian, Junts, Sanchez, Carles Puigdemont, Inti Landauro, Charlie Devereux, Andrei Khalip, Angus MacSwan, Aislinn Laing, Hugh Lawson Organizations: Spanish Socialist Workers ' Party, PSOE, Spain's Socialists, People's Party, Socialists, Vox, Catalonian, ERC, TVE, Thomson Locations: Madrid, MADRID, Catalan, Spain, Catalonia, Balearic, Basque, Galician, Belgium

☆ General Motors is investing in a startup working on better and cheaper EV batteries
▼ + stars: | 2023-08-16 | by ( John Rosevear | In Jrosevear | ) www.cnbc.com time to read: +2 min

Future low-cost GM EVs could benefit from the batteries being developed by Mitra Chem. General Motors said on Wednesday it's leading a $60 million financing round in Mitra Chem, a California-based startup working to develop lower-cost batteries for electric vehicles. Mitra Chem, founded by veterans of Tesla and Toyota , is working to develop new types of batteries based on lithium iron phosphate chemistry. Tesla, Rivian and Ford Motor are among the automakers using LFP cells in their more affordable models. Golan said that if Mitra Chem is successful, its batteries could appear in GM's vehicles later in this decade.

Persons: Bolt, Tesla, Mitra Chem, General Motors, Chem, Mitra, Vivas Kumar, Gil Golan, Golan, Mitra Chem weren't Organizations: Ford, EVs, General, Toyota, Ford Motor, Mitra Locations: Orion Township , Michigan, Mitra, California

☆ Paulissen strikes twice as Lee Man set up Urawa playoff clash
▼ + stars: | 2023-08-16 | by ( Michael Church | ) www.reuters.com time to read: +1 min

HONG KONG, Aug 16 (Reuters) - Defending champions Urawa Red Diamonds will take on Lee Man in the Asian Champions League playoffs next week after last season's Hong Kong Premier League runners-up cruised to a 5-1 win over Bali United at Hong Kong Stadium on Wednesday. Mitchel Paulissen put Lee Man in front after only eight minutes and, while the Indonesians equalised through a Tsui Wang Kit own goal four minutes later, the home side went back in front in the 13th minute with Gil Martins' acute finish. Defender Jose Angel added the fifth four minutes from time with a close range header. Lee Man complete the line-up for the east Asian playoffs, with Vietnam's Haiphong defeating Hong Kong Rangers on Tuesday to set up a meeting with Incheon United from South Korea. (This story has been corrected to rectify the spelling of Mitchel Paulissen in paragraph 2)Reporting by Michael Church, Editing by Alexandra HudsonOur Standards: The Thomson Reuters Trust Principles.

Persons: Lee, Mitchel Paulissen, Tsui Wang Kit, Gil Martins, Everton Camargo, Jose Angel, Lee Man, Michael Church, Alexandra Hudson Organizations: Urawa Red Diamonds, Asian Champions League, Hong Kong Premier League, Bali United, Hong Kong, Wednesday, Everton, Vietnam's Haiphong, Hong Kong Rangers, Incheon United, Zhejiang FC, Port FC, Shanghai Port, Pathum United, Alexandra Hudson Our, Thomson Locations: HONG KONG, South Korea, Zhejiang, Thailand, Shanghai, Kuala Lumpur

Seoul, South Korea CNN —North Korean leader Kim Jong Un has fired his top general amid a shakeup of the country’s military leadership and wants his army to “gird for a war,” state media reported Thursday. North Korean leader Kim Jong Un leads a meeting of the Central Military Commission in Pyongyang, North Korea, on Wednesday. KCNA/Handout/ReutersNorth Korea regularly revamps its military leadership. 2 job in the North Korean military hierarchy as recently as December 31 – reflected that, analysts said. Easley said the North Korean leader may simply be trying to ensure that no one below him becomes too powerful.

Persons: Kim Jong Un, “, Pak Su Il, Ri Yong Gil, ”, KCNA, Ri –, Yong Gil, Leif, Eric Easley, Cheong Seong, Kim Jong, ” Cheong, Easley, Yevgeny Prigozhin, Vladimir Putin’s, ” Easley, Kim Organizations: South Korea CNN — North, General Staff, Korean Central News Agency, Central Military Commission, Reuters, North, Ewha Womans University, Sejong Institute, Wagner, DPRK, Democratic People’s Locations: Seoul, South Korea, Pyongyang, North Korea, Reuters North Korea, Russian, Korean, United States, Democratic People’s Republic, Korea

☆ Riyadh Air, Spain's Atlético de Madrid announce multi-year partnership
▼ + stars: | 2023-08-10 | by ( ) www.reuters.com time to read: +1 min

[1/2] A Riyadh Air Boeing 787-9 Dreamliner is displayed at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 20, 2023. REUTERS/Benoit Tessier/File PhotoDUBAI, Aug 10 (Reuters) - New Saudi Arabian airline Riyadh Air and Spanish soccer club Atlético de Madrid announced a multi-year sponsorship agreement in a joint statement on Thursday. As part of the deal, Riyadh Air will become the main sponsor of the Spanish club. "This partnership means a great opportunity to offer better experiences to our fans around the world and I am confident that this alliance with Riyadh Air will take our club to new heights," Atlético de Madrid CEO Miguel Ángel Gil said in the statement. Riyadh Air, which will start flights in 2025, is owned by Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF).

Persons: Benoit Tessier, Miguel Ángel Gil, Tony Douglas, Ahmed Elimam, David Evans Organizations: Riyadh Air Boeing, International Paris Air, Le, REUTERS, Riyadh Air, Atlético de, Madrid, Public Investment Fund, Thomson Locations: Le Bourget, Paris, France, DUBAI, Saudi Arabian, Spanish, Atlético de Madrid, Riyadh, Saudi

☆ These 9 Florida Republicans are coming to Iowa with Trump in an effort to troll DeSantis
▼ + stars: | 2023-08-09 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

Nine Florida lawmakers will join Trump at the Iowa State Fair. This is just the latest way Trump has found to needle the Florida governor. The Iowa State Fair is a major event for presidential hopefuls, who often flip pork chops and gawk at the butter cow alongside Iowans and throngs of journalists. Trump previously raised eyebrows at 2015 State Fair when he offered children free helicopter rides. A representatives for DeSantis' campaign did not immediately respond to a request for comment.

Persons: Ron DeSantis, Trump, Donald Trump, Byron Donalds, Matt Gaetz, Gil Bilirakis, Carlos Gimenez, Brian Mast, Cory Mills, Anna Paulina Luna, Greg Steube, Mike Waltz, DeSantis, Vern Buchanan, John Rutherford, Daniel Webster, Donalds, Ditto, Gaetz, Kim Reynolds, Reynolds Organizations: Trump, Fair ., Fair . Florida Gov, Service, Nine, Fair, Florida, Des Moines Register, Florida U.S, House, Capitol, Iowa, Iowa Gov Locations: Florida, Iowa, Fair . Florida, Wall, Silicon, Nine Florida, DeSantis

☆ North Korea's Kim dismisses top general, calls for war preparations
▼ + stars: | 2023-08-09 | by ( Hyunsu Yim | ) www.reuters.com time to read: +2 min

General Ri Yong Gil was named to replace the military’s top general, chief of the General Staff Pak Su Il, KCNA reported, without elaborating. The United States has accused North Korea of providing arms to Russia for its war in Ukraine, including artillery shells, rockets and missiles. Russia and North Korea have denied those claims. North Korea is set to stage a militia parade on Sept. 9, marking the 75th anniversary of the Day of the Foundation of the Republic. North Korea has a number of paramilitary groups it uses to bolster its military forces.

Persons: Kim Jong Un, Kim, Ri Yong Gil, General Staff Pak Su Il, KCNA, Ri, Hyunsu Yim, Josh Smith, Stephen Coates Organizations: 8th Central Military Commission of, Workers ' Party of Korea, Central Committee of, Workers ' Party of, KCNA, REUTERS, Central Military Commission, General Staff, United, Foundation of, Thomson Locations: Workers ' Party of Korea, Pyongyang, North Korea, REUTERS SEOUL, Seoul, United States, Russia, Ukraine, Republic . North Korea, U.S, South Korea

☆ Cuba bans company access to ATMs, limits cash transactions
▼ + stars: | 2023-08-03 | by ( Nelson Acosta | ) www.reuters.com time to read: +2 min

HAVANA, Aug 3 (Reuters) - The Cuban Central Bank issued rules this week banning state and private businesses from using ATMs and limiting cash transactions between them, as it seeks to tame runaway inflation and off-the-books business amid a grave economic crisis. They limit cash transactions to 5000 pesos and will be implemented gradually over six months, official media said. The government pegs the dollar at 24 pesos and for select companies, tourists and residents at 120 pesos, though it has few to exchange. The dollar currently fetches 230 pesos on the informal market. The crisis has led to a lack of confidence in the state-run banking system, resulting in a lack of cash at some ATMs as businesses use them, leaving residents in the lurch.

Persons: Alejandro Gil, Nelson Acosta, Marc Frank, Deepa Babington Organizations: Cuban Central Bank, Economy, Thomson Locations: HAVANA

☆ Here's the 14-page pitch deck that 40Seas, a fintech looking to bring "buy now pay later" to the trade industry, used to raise $16 million
▼ + stars: | 2023-08-02 | by ( Bianca Chan | ) www.businessinsider.com time to read: +3 min

It raised an $11 million seed round in January and raised an additional $6 million in an extension. Here's the pitch deck the startup used to fundraise, which attracted investors like QED Investors. Even though his startup 40Seas only launched seven months ago, for Eyal Moldovan, the business has been decades in the making. 40Seas raised its seed round in January as investors funneled $11 million into the fledgling startup. Here's the 14-page pitch deck 40Seas used to raise its seed and seed extension.

Persons: Eyal, Igor Zaks, Gil Shiff, Suki Gao, Camila, Saruhashim, 40Seas Organizations: QED, Eyal Moldovan, Moldovan, ZIM, Eminence Ventures Locations: Israel, China, India, Tel Aviv, Canada, Europe, Asia Pacific, Australia, New Zealand, Moldovan

Summary Peso's informal value hits all-time low vs dollarAnnual inflation surges to 45%Plunge in peso value 'something horrible', says teacherHAVANA, Aug 2 (Reuters) - The Cuban peso was trading on the informal market at an all-time low of 230 to the dollar on Wednesday, slumping to half its value a year ago as consumers struggle with surging inflation and scarce goods, a widely watched tracker showed. The state considers the informal exchange rate, widely tracked via the independent news outlet El Toque, as illegal, but it has been unable to shut it down. The state officially pegs the local currency at 120 pesos to the dollar, but it has few to exchange. The weakening informal rate was similar to a fall in the government’s electronic equivalent, which residents must use to purchase goods at state stores that are relatively well-stocked compared with peso outlets. Prices grew 39% last year, a figure many economists say underestimates the rate as it does not adequately account for a growing informal market.

Persons: HAVANA, Bert Hoffman, Alejandro Gil, May, Sonia Nunez, Gil, Mario Fuentes, Christian Plumb, Conor Humphries Organizations: Cuban, German Institute of Global, Communist, Economy, Thomson Locations: America, Hamburg, Cuban, Havana

☆ Israel’s spy veterans take on their government over judiciary overhaul
▼ + stars: | 2023-08-01 | by ( Jonathan Saul | ) www.reuters.com time to read: +5 min

But he's a very unusual protester - a former Mossad spy who never before questioned the state for which he once risked his life on foreign missions. Amir, who declined to be fully named due to his sensitive previous secret roles, is among former veterans of Mossad, Israel's foreign intelligence service, who are taking to the streets in protest at their government's judiciary overhaul. Reuters spoke with two other former Mossad officials who are also involved in the protests and more fearful of the impact the legislation will have on Israel's security system. Yossi Cohen, another former Mossad chief, spoke of his concerns for "Israel's immediate national security". "At a time when the Iranian threat looms over us from multiple fronts, we must ensure Israel's security remains unharmed," Cohen wrote in a July 23 commentary in the Yedioth Ahronoth daily.

Persons: Amir Cohen, Netanyahu, Amir, Benjamin Netanyahu's, Efraim Halevy, Iran, Haim Tomer, Tomer, Adolf Eichmann, Gil, Yossi Cohen, Cohen, Michael Georgy, Mark Heinrich Our Organizations: REUTERS, HERZLIYA, Reuters, Minister's, Mossad, Thomson Locations: Tel Aviv, Israel, Herzliya, Europe

It was enacted as an amendment to one of Israel’s Basic Laws, which the justices have never previously struck down. Originally, Basic Laws, which can be passed by a simple parliamentary majority, were not necessarily superior to other laws. Then in 1992, the Knesset passed a Basic Law that guaranteed dignity and liberty. “Proportionality is a balancing test,” said Rivka Weill, another law professor at Reichman University. But if the government removed Ms. Baharav-Miara, it would “cross a red line for the court,” Professor Weill said.

Persons: Benjamin Netanyahu’s, Netanyahu, —, Oded, Adam Shinar, “, it’s, ”, Kim Lane Scheppele, Aharon Barak, Benjamin Netanyahu, Ronaldo Schemidt, Shinar, Rivka Weill, Weill, Gil Cohen Magen “, Aryeh Deri, Deri, Scheppele, Ronen Zvulun Organizations: Monday, Reichman University, Princeton University, ., Agence France, Princeton, Senate Locations: Israel, Israel’s, Tel Aviv, Herzliya, Jerusalem, Gali Baharav, Britain, United States

Israelis marching toward Jerusalem on Saturday in protest of plans by Prime Minister Benjamin Netanyahu’s government to overhaul the judicial system. Adding to the uncertainty Sunday, Mr. Netanyahu was taken to the hospital to have a pacemaker implanted during a procedure in which he would be placed under sedation, his office said. “The proper balance between the authorities has been disturbed over the past decades,” Mr. Netanyahu said in a speech Thursday. “The fear is that our country won’t look like it looks today,” Ms. Holzman said of the judicial overhaul plan. Similar mass protests in March prompted the government to suspend, at least for now, other planned judicial changes.

Persons: Benjamin Netanyahu’s, ”, Ilana Holzman, “, Holzman, Menahem Kahana, Benjamin Netanyahu, Shin, Netanyahu, ” Mr, Gil Cohen, Navot Silberstein, Silberstein, Ms Organizations: Agence France, Histadrut, Air Force Locations: Jerusalem, Tel Aviv, Israel, Shoresh .

☆ Cuban economy minister says no quick fix to devastating crisis
▼ + stars: | 2023-07-22 | by ( Nelson Acosta | ) www.reuters.com time to read: +2 min

Speaking before the country's parliament, Gil said the primary sector, which includes agriculture, mining and other basic production, was down 34.9% compared with 2019, while manufacturing was off 20%. A third sector that includes services such as tourism, communications and education was down 4.9%. Gil said the crisis, which has left residents reeling, protesting and leaving the island nation, was "complicated," but he added that the government was working on solutions. "The gradual recovery of the Cuban economy has not yet reached the necessary pace," he said. Additional reporting by Marc Frank; Editing by Paul SimaoOur Standards: The Thomson Reuters Trust Principles.

Persons: Alejandro Gil, Gil, Esteban Lazo Hernandez, Marc Frank, Paul Simao Organizations: Economy, Communist, Thomson Locations: HAVANA, Cuba

☆ This software stock more than doubled on the back of A.I. mania. Here's why Wall Street expects the rally to fade
▼ + stars: | 2023-07-18 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Shares of Palantir have surged 181% this year as investors bet on its potential in the booming artificial intelligence race. The company, founded in 2003, is already making strides in AI, even lending its tools to hospitals . In its latest earnings release in early May, CEO Alex Karp called demand for Palantir's AI platform, which allows commercial and government sectors to use LLMs with their own private data, "without precedent." While some analysts see promise in Palantir's AI capabilities, many remain cautious on the immediate profit contribution of the technology and view the stock as ripe for a pullback. In a note to clients in May, Morgan Stanley's Keith Weiss noted that the rally in Palantir shares and premium valuation creates an unfavorable near-term risk-reward.

Persons: Palantir, Alex Karp, Malik Ahmed Khan, Davidson's Gil Luria, Raymond James, Brian Gesuale, Morgan Stanley's Keith Weiss, Karp, Morningstar's Khan, Mizuho's Matthew Broome, Davidson's Luria, — CNBC's Michael Bloom Organizations: Wall, Nvidia, billings Locations: Denver

☆ Second Alzheimer’s drug to slow disease’s progression may be approved in the US this year
▼ + stars: | 2023-07-17 | by ( Meg Tirrell | ) edition.cnn.com time to read: +12 min

It was shown in May and in fuller Phase 3 clinical trial results released at the Alzheimer’s Association International Conference on Monday to delay the disease’s progression. More than 6 million Americans are estimated to have Alzheimer’s disease, with about 1 million estimated to be in the early symptomatic stages where these drugs have shown benefit. Both Leqembi and donanemab work by clearing buildups of a protein in the brain called amyloid, a hallmark of Alzheimer’s. It’s been a hypothesis that treating Alzheimer’s earlier with amyloid-clearing drugs would yield better results; Skovronsky said the donanemab trial bore that out. “We could look at people who had mild cognitive impairment, MCI, which is the earliest stage, versus mild Alzheimer’s versus moderate Alzheimer’s,” Skovronsky explained.

Persons: Leqembi, Eli Lilly’s donanemab, Lilly, “ Donanemab, Jennifer Manly, Kacie, ”, Dr, Gil Rabinovici, Renaud La Joie, Daniel Skovronsky, “, Skovronsky, ” Skovronsky, It’s, Eric Widera, Sharon Brangman, University of Wisconsin’s Dr, Nathaniel Chin, Donanemab, Lilly hasn’t, Lawrence Honig, Honig, White, Sanjay Gupta, Deters, ” Lilly, it’s “, it’s, there’s, Joe Montminy Organizations: CNN, Alzheimer’s Association, Food and Drug Administration, American Medical Association, Columbia University Irving Medical Center, University of California, MCI, SUNY, University of Wisconsin’s, Leqembi, FDA, donanemab, CNN Health, ” Manly Locations: Los Angeles, “

☆ You might be charged a new 99-cent fee on food orders — and some restaurants are fuming
▼ + stars: | 2023-07-14 | by ( Nancy Luna | ) www.businessinsider.com time to read: +4 min

Restaurants are in an uproar over a 99-cent fee that Toast has begun charging online customers. Instead, you might have to fault the restaurant's digital ordering tech provider, Toast. Toast, which works with 85,000 restaurants in the US, is charging consumers a 99-cent fee for online orders over $10. "If that's a $10 order, that's a 10% increase. That's a big whack of an increase if you ask me," Orsbourn said recently in his podcast, "The Digital Restaurant."

Persons: Toast, Grant Austin, Freddy J's, Baglesbyjarre, Tony Naser, Gil Brucken, Will Toast, Carl Orsbourn, Orsbourn Organizations: Service, Fox Business, Twitter Locations: Wall, Silicon, Jersey, Massachusetts

☆ Explainer: Israel's disputed judicial overhaul is back: what's new?
▼ + stars: | 2023-07-10 | by ( Maayan Lubell | ) www.reuters.com time to read: +3 min

Parliament is scheduled to start voting on the Supreme Court bill on Sunday, while the protests intensify and attempts at mediating a compromise get under way. The proposed changes included Supreme Court curbs while granting the government decisive powers in appointing judges. Those ground to a halt three months later and Netanyahu relaunched the legislation, scrapping some proposed changes while moving forward with others. It is an amendment to limit the Supreme Court's ability to void decisions it deems "unreasonable" made by the government and ministers. So the Supreme Court is seen as a bastion of democracy protecting civil rights and the rule of law.

Persons: Benjamin Netanyahu, GIL COHEN, Netanyahu, Washington, Maayan, Mark Heinrich, John Stonestreet Organizations: Israel's, REUTERS, Thomson Locations: Jerusalem, REUTERS JERUSALEM

☆ It’s Toxic Slime Time on Florida’s Lake Okeechobee
▼ + stars: | 2023-07-09 | by ( ) www.nytimes.com time to read: +14 min

For thousands of years, Lake Okeechobee pumped life into Florida’s swampy interior. Lake Okeechobee 10 miles Lake Okeechobee 5 miles Lake Okeechobee 5 miles Algal bloom extent on June 12 Source: Satellite image by Landsat By Leanne AbrahamRainy season is just starting, but by late June the lake’s level was roughly two feet higher than the United States Army Corps of Engineers would like. Sunrise over Pahokee and Lake Okeechobee. “Like clockwork.”Similar outbreaks have struck lakes elsewhere, including Lake Champlain, Lake Erie and Lake Tahoe. Equally challenging to grasp is the idea that the whole new lake, as big as it sounds, will fill to capacity if only six inches of Lake Okeechobee is sent its way.

Persons: Ian, Fort Myers, Stuart —, Leanne Abraham Rainy, ”, Star Robinson, it’s, Herbert Hoover, Palm Beach Herbert Hoover, Leanne Abraham, Gil Smart, Robinson, It’s, Herbert Hoover Dike, Roy Senff, Okeechobee’s outflows, Sherwin, Williams, Hoover, Stuart, Nature, Col, James Booth of, Tim Harper, “, Biden, Ron DeSantis, Eric Eikenberg, Bill Mitsch, Mother Nature, Floridians, Stefani Hughes, Smart, VoteWater aren’t, They’re Organizations: United States Army Corps, Engineers, Army Corps of Engineers, Orlando Area, Air, Palm Beach Herbert, Everglades, States Geological Survey, Everett, Inc, Fort, Florida Water Management District, Florida Legislature, Gov, Everglades Foundation, Research, Florida Gulf Coast University Locations: Okeechobee, Fort, Pahokee, Lake Okeechobee, Ala, Orlando, Fla, Kissimmee, Florida, Myers, Gulf, Mexico, Miami, Ga, Palm, Everglades Miami, Lake Champlain, Lake Erie, Tahoe, Stuart, U.S.D.A, Manhattan, South Florida

☆ In Paris, a Dinner at a Former Taxidermy Workshop
▼ + stars: | 2023-07-06 | by ( Julia Sherman | ) www.nytimes.com time to read: +3 min

Though far smaller in scale, the debut of We Are Ona’s Paris studio, on a crisp evening in spring, felt just as significant. As the sun set, friends began to trickle in, accepting glasses of celebratory champagne. Kenny Duncan, 35, a sculptor, found common ground with the chef Zélikha Dinga, 34, whose old-world desserts are presented with an artist’s eye. Behind her was an oil painting of a young woman in tears, a self-portrait by her dinner partner, the artist Inès Longevial, 32. “Four hundred people sat on 400 one-of-a-kind chairs,” Pronzato said.

Persons: Pronzato, Ona, Rihanna, Sayaka Sawaguchi, Gil Nogueira, Garde, Louis, Géraud Castor, Castor, Sébastien Meyer, Arnaud Vaillant, Mory Sacko, Louis Vuitton, Tropez, Kenny Duncan, Zélikha Dinga, Celine Pham, Inès Longevial, ”, he’s, Gaetano Pesce, ” Pronzato, “, — Organizations: Perron, Cartier, Louis, Reform Locations: Los Angeles, Champagne, Coperni, St ., Inari, Arles, Italian

☆ Ransomware attacks surge 20% as cyber warfare enters 'fifth generation', says Check Point CEO Shwed
▼ + stars: | 2023-07-05 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRansomware attacks surge 20% as cyber warfare enters 'fifth generation', says Check Point CEO ShwedGil Shwed, Check Point Software Technologies CEO , joins 'The Exchange' to discuss the surge in ransomware attacks and how new A.I. tools could begin to assist cyber criminals.

Persons: Shwed Gil Shwed Organizations: Software Technologies

Silicon Valley is bracing for what it fears will be an "extinction event" threatening the survival of hundreds of startups. Tom Loverro, a investor at 40-year-old Bay Area venture capital firm IVP, has been loudly warning for months on Twitter and in media interviews about a coming "mass extinction event" for startups. The total volume of venture capital investment into US startups has slumped for six consecutive quarters, according to data firm Pitchbook. Even a last-ditch slashing of the startup's prospective valuation — a "down-round," in Silicon Valley parlance — didn't whet investors' appetites. Over the past year, many startups that rely on Silicon Valley funding have been steeling themselves for the slowdown to avoid similar fates.

Persons: —, they're, Jennifer Neundorfer, That's, Tom Loverro, Loverro, Consuelo Vanderbilt, Vanderbilt, Cameron Lester, I've, Lester, Linda Ahrens, Ahrens, Unown, " Ahrens, Anna Dittrich, Plastiq, Vincent Harrison, Elad Gil, Steve Brotman, Brotman, Will Hawthorne, VC's, Mike Ryan, Pitchbook's Harrison, Sell, Hawthorne Organizations: Ventures, Sequoia Capital, —, Venture, Twitter, United States Federal Reserve, Jefferies, January Ventures, Alpha Partners, Avid Capital, Sugar, Menlo, BulletPoint Network Locations: Silicon, Sequoia, IVP, Valley, Instacart, Navan, Boston, Snowflake, America

☆ My final, unexpected conversation with Cormac McCarthy
▼ + stars: | 2023-06-18 | by ( David Kushner | ) www.businessinsider.com time to read: +9 min

My last conversation with Cormac McCarthy, the acclaimed and elusive novelist who died last week at 89, came as unexpectedly as the first. "I thought you said Cormac McCarthy edited your book on theoretical physics?" "I got the manuscript back in the mail, and it was marked up on every page," Randall told me. By the time I interviewed Randall, Cormac was spending his days at the Santa Fe Institute, a theoretical-research institute in the piñon foothills of New Mexico. "Don't do this to yourself," McCarthy told the guy, before shutting the door in his face.

Persons: Cormac McCarthy, McCarthy, —, Belying, Cormac, Lisa Randall, Randall, Gil, Jon, MacArthur, Murray Gell, Mann, it's, Einstein, they're, Doug Erwin, David Krakauer, David, Stella Maris, I'd, He'd, David Kushner Organizations: Wired, Stone, Harvard, drifters, Santa Fe Institute, Atari Locations: backwoods Florida, piñon, New Mexico, Texas, Tennessee, El Paso, Rolling Stone, SFI

☆ A blast from the past: D-ID app uses A.I. to bring old photos to life
▼ + stars: | 2023-06-16 | 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 EmailA blast from the past: D-ID app uses A.I. to bring old photos to lifeGil Perry, D-ID co-founder and CEO, joins 'Last Call' to discuss the company's A.I. enabled app that allows old photos to talk and move.

Persons: Gil Perry

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