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For Nvidia CEO Jensen Huang, being almost the only game in town for AI chips isn't enough. AdvertisementThe company also runs Nvidia Inception, an incubator and venture network that counts more than 20,000 early-stage companies among its membership. "I think it's crazy," said another founder whose company received investment from NVentures, who spoke on condition of anonymity. Any company trying to do anything major in AI has spent the past two years buying them by the truckload. AdvertisementHe says he's received personal calls from Huang in which the Nvidia CEO weighs in on company decisions or expresses disapproval of his public statements.
Persons: Jensen Huang, Chris Brown, Brown, Huang, Vishal Bhagwati, Sid Siddeek, Jensen, Umesh, Padval, Uber, Nvidia's, Lisa Su, he's, there's Organizations: Service, Nvidia, Business, Corporate, Cohere's, Google, AMD Locations: Silicon Valley, New York, NVentures, OpenAI
Vladislav Doronin is the founder of OKO Group and owner of the Aman luxury hotel group. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementReal estate billionaire Vladislav Doronin has built a hospitality empire beloved by celebrities and the ultrawealthy. Born in Russia, he moved to Switzerland in his 20s and got his start in business as a commodities trader. He built his real estate empire in Moscow before venturing abroad with the OKO Group in 2015.
Persons: Vladislav Doronin, Aman, Doronin, Organizations: OKO Group, Service, Business Locations: Miami, Russia, Switzerland, Moscow
Earlier this year, Satya Nadella hammered out a deal that surprised everyone outside his inner circle at Microsoft. Mr. Nadella, Microsoft’s chief executive, had his eyes on a Silicon Valley start-up called Inflection AI. The company’s chief executive, Mustafa Suleyman, was one of the founders of the pioneering artificial intelligence company DeepMind. He had raised more than $1.5 billion in funding and hired top researchers for his new company, but he had a not-so-great reputation as a boss. Microsoft still shelled out more than $650 million to license Inflection’s technology, hired most of its staff and put Mr. Suleyman in charge of a more than $12 billion chunk of Microsoft’s business.
Persons: Satya Nadella, Nadella, Mustafa Suleyman, Suleyman Organizations: Microsoft
CNBC spoke to three startups — France-based Zephalto, Florida-based Space Perspective and Arizona-based World View — that aim to hoist tourists to the stratosphere using pressurized capsules and massive gas-filled balloons. "The capsule itself is designed to to carry eight customers and two crew into the stratosphere," said Ryan Hartman, CEO of World View. World Views says it sold 1,250 tickets so far while Space Perspective has sold 1,800. Ticket prices range from $50,000 per seat with World View to around $184,000 with Zephalto. Space Perspective sells tickets to its experience for $125,000 per seat.
Persons: Ryan Hartman, Jane Poynter, Poynter, Vincent Farret d'Astiès, Zephalto Organizations: SpaceX, Virgin Galactic, CNBC, , U.S Locations: — France, Florida, Arizona
Rather, when it comes to sex, pleasure takes first place. They will also have numerous sexual health testing centers on site for athletes, in addition to the sexual health awareness messaging. Rather, she says the most productive way to encourage safe sex is to flip the script from the beginning by focusing on why people have sex. Philpott told CNN that the need to shift the narrative in safe sex conversations is as urgent as ever. The scheme to which he contributes, known as “Moving The Goalposts,” works directly with community leaders, fathers, and young boys to provide resources on sexual health, sexual rights, gender, and positive masculinity.
Persons: Ed, Buda Mendes, Terrence Higgins, Anne Philpott, ” Philpott, Philpott, “ There’s, it’s, Deogratia Okoko, , ” Okoko, Organizations: CNN, Paris, Olympic, World Health Organization, Olympics, Seoul Games, International Olympic, Paralympic Village, Getty, Terrence Higgins Trust, Wellcome Locations: Love, United States, COVID, Kilifi, Kenya
Unsubstantiated claims about what took place at Saturday’s rally in Butler, Pa., immediately flooded social media after former President Donald J. Trump was carried off the stage after shots were fired. Without providing proof, the social media posts blamed shadowy figures on the left for targeting Mr. Trump, and built on ideas circulated by Mr. Trump that the “deep state,” or a cabal within the government, was seeking to stop him from returning to office. The unverified claims surfaced on platforms including Gab, Truth Social and Parler, which are favored by the far-right, as well as on X, Telegram, Facebook and Instagram. “Watch for emotional language.”Law enforcement officials will require time to investigate what happened at the rally. Video from the event appears to show Mr. Trump falling to the stage and bleeding from his ear before being escorted away by Secret Service agents.
Persons: Donald J, Trump, ” Roberta Braga Organizations: Mr, Facebook, Digital Democracy Institute of, , Secret Service Locations: Butler, Pa
And Urban Decay was the first brand to have all recycled paper cartons," she told BI. "So it's not like Caliray's wellness and sustainability is a 180 departure from Urban Decay. Wende Zomnir at an Urban Decay party in 2018. Wende Zomnir CalirayStarting fresh with CalirayConceptualizing a new makeup brand with a California aesthetic was a no-brainer for Zomnir. While on the road promoting Urban Decay, she noticed that people asked her the same questions: What's California like?
Persons: I'm, Zomnir, she's, Calvin Klein, Elizabeth Arden skincare, Leo Burnett, Sandy Lerner, Lerner, she'd, Wende, Han Myung, Carol Hamilton, Tara Simon, Caliray's mascara, Caliray, There's, She's Organizations: Business, Leo, Leo Burnett Worldwide, Cisco Systems, Beauty Independent, Urban, Fast Company, BI Locations: New Jersey, she's, Newport Beach , California, It's, Texas, California, Sandy, L'Oréal, Sephora
On an Island in Maine, a Meal Worth Traveling For
  + stars: | 2024-07-13 | by ( Kate Guadagnino | ) www.nytimes.com   time to read: +1 min
Brooke Williams and Josh Liberson have hosted more dinner parties than they can count at their two-bedroom apartment in Brooklyn. Entertaining at their home on an island in Midcoast Maine, however, is a different thing, largely because it takes at least two boats and, often, an ATV to get from the mainland to the property, which sits on a bluff surrounded by sea and woods. Williams has been going to the island since 1987, when her parents and a friend of theirs purchased 15 rugged acres spanning one of its hook-shaped peninsulas, along with the ’70s-era board-and-batten cabin that sat on top of it. (They later added a bathroom with running water and built a second rectangular structure onto the original.) Every year since, the couple — and, starting in 2007, their daughter, Ada, 16 — have spent part of their summer on the island, walking, reading, swimming and, in the evenings, building a bonfire on the pebble beach in front of their house for making s’mores.
Persons: Brooke Williams, Josh Liberson, , Williams, who’s, , Ada Organizations: ATV, Advisory Locations: Brooklyn, Midcoast Maine, Christie’s
Business: Smith & Nephew is a British portfolio medical technology company that operates worldwide. Its segments include Orthopedics, Sports Medicine and Ear, Nose and Throat, as well as Advanced Wound Management. Its Advanced Wound Management portfolio provides a comprehensive set of products to meet broad and complex clinical needs. Smith & Nephew is a global leader in medical technology. Smith & Nephew is well known for its product quality and its brand perception is very strong.
Persons: Smith, Nephew, Stryker, Zimmer Biomet, Ken Squire Organizations: Sports, Management, Sports Medicine, Cevian, Sports Med, 13D Locations: British, Europe
Laurene Powell Jobs has purchased a $70 million home in San Francisco, The Wall Street Journal reported. Powell Jobs bought a $94 million property in Malibu in June. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementBillionaire Laurene Powell Jobs has purchased a mansion for around $70 million in the Pacific Heights neighborhood of San Fransisco — a record price for a home in the city, The Wall Street Journal reported, citing unnamed people familiar with the transaction.
Persons: Laurene Powell Jobs, Powell Jobs, , Steve Jobs, Sloan Lindemann Barnett, Roger Barnett Organizations: Street Journal, Powell, Service, Emerson, Apple, Shaklee Corp, Business Locations: San Francisco, Malibu, Pacific Heights, San Fransisco
Ambani is the youngest son of billionaire Mukesh Ambani, chairman of Indian conglomerate Reliance Industries. This was followed by a luxury cruise across the Mediterranean and yet more celebrations in July ahead of the big day. But a beautiful wedding doesn't need to be expensive and there are ways to put on a spectacular show with a much smaller budget, according to Manwani and Suglani. Couple Vanessa Acosta and Sam Roberts went even further, hosting their wedding in their own backyard on a budget of $3,000. So, then you're going to get the best suppliers, you're going to get the venue that you want at a reasonable price without paying the premiums."
Persons: Anant Ambani, Mukesh Ambani, Radhika Merchant, Ashish Vaishnav, Ambani, Mark Zuckerberg, Shah Rukh Khan, Karishma, Priya Suglani, Suglani, you've, Manwani, they're, Vanessa Acosta, Sam Roberts, Acosta, nobody's Organizations: Getty, Reliance Industries, CNBC, Suppliers Locations: MUMBAI, MAHARASHTRA, INDIA, Mumbai, Jamnagar, Indian, Gujarat, London
But don't bet on a soft landing outcome for the US economy as the Fed gets set to cut rates, says famed economist David Rosenberg. AdvertisementRosenberg ResearchRosenberg's downbeat views on the labor market come amid his skepticism about the impressive rallies in major stock-market indexes like the Nasdaq 100 and the S&P 500. Still, as Rosenberg points out, some say the Fed needs to act urgently as the labor market weakens. Waiting too long to lower interest rates to support the economy will only increase the odds of the job market breaking down." Rosenberg has been consistently bearish on the US economy in recent months, while the labor market has continued to prove him wrong.
Persons: , David Rosenberg, Rosenberg, Merrill Lynch's, Eli Lilly, Russell, Neil Dutta, Dutta Organizations: Service, Fed, Rosenberg Research, Business, Bureau of Labor Statistics ', Survey, Nasdaq, Nvidia, Microsoft, Meta, Macro
Read previewLike most siblings, brother-sister duo Billie Eilish and Finneas O'Connell have had their fair share of tiffs. This story is available exclusively to Business Insider subscribers. AdvertisementThe siblings' partnership started in 2015 after O'Connell wrote "Ocean Eyes." How to mix family and businessMixing family and business can be tricky, but Eilish and O'Connell aren't the only ones who have made it work. AdvertisementMarlo Lyons, a career and executive coach, told Business Insider about some of the benefits of working with family.
Persons: , Billie Eilish, Finneas O'Connell, Eilish, O'Connell, they'd, I'd, Finneas, we've, O'Connell aren't, Patrick, John Collison, Huda Katten, Mona, Alya, Huda, Marlo Lyons, Lyons Organizations: Service, Business, Washington Post, Huda, Vogue Arabia Locations: Dubai
"Now, when it comes to a high-net-worth wedding or a celebrity wedding, everything becomes 10 times or hundred times" of that cost, Aggarwal said. AdvertisementPlanners' cost estimates of the Ambani wedding varied widely, from tens of millions of dollars to hundreds of millions of dollars. For a big celebrity wedding, planners divide their staff into teams and hire hundreds of additional people leading up to and on the day of the ceremony. Setting a blueprint for other weddingsThe Ambani wedding is already influencing how other Indians are envisioning and planning their own nuptials. The festivities are slated to kick off Friday at the Jio World Convention Centre, which is owned by the Ambani family.
Persons: , Radhika Merchant, Anant Ambani, Ambani, Nishita Aggarwal, Nishita, Rihanna, Justin Bieber, Katy Perry, Pitbull, Purvi Modgil, Aggarwal, Isha Ambani, Anant Ambani's, Modgil, Darshan Shroff, We've, Abu Jani Sandeep Khosla, Tarun Tahiliani, Abu Jani, Sandeep Khosla, Ashish Vaishnav, Bharat Jagasia Organizations: Service, Business, Planning, Boys, Reliance, Forbes, butlers, Planners, Convention Locations: Mumbai, India, Getty, Delhi
Venture capitalist and Democratic megadonor Ron Conway has spoken directly with former House Speaker Nancy Pelosi about President Joe Biden's disastrous debate performance, according to three people familiar with the matter. Representatives for both Pelosi and Conway did not deny that the California Democrat and unofficial dean of the House Democratic caucus had spoken to Conway about Biden. "Like many others, since the debate Ron has had many conversations with Democratic party leaders and other major donors about the best path forward for victory. He's given over $400,000 to the Biden Victory Fund throughout the 2024 election cycle, according to Federal Election Commission records. Conway gave over $200,000 to the Nancy Pelosi Victory Fund during the 2022 congressional midterm elections, according to OpenSecrets.
Persons: Nancy Pelosi, Ron Conway, Joe Biden's, Conway, Donald Trump, Pelosi, Conway's, Biden, Ron, He's, Biden's, Kamala Harris, Trump, George Stephanopoulos, bundlers, Stewart Bainum Jr, he's, Abigail Disney, Disney Organizations: SV Angel, Conference, Venture, Democratic, CNBC, MSNBC, California Democrat, House Democratic, Trump, ABC News, Biden, Fund, Commission, House Democrats, Choice Locations: California, San Francisco , California, U.S, Silicon Valley, OpenSecrets, Chicago
Attendees dressed the part, streaming past photographers in custom sarees, lehengas and kurtas at an event that may set forthcoming trends in Indian wedding fashion. A lavish affairThe Ambani family has remained tight-lipped about proceedings in the build-up to Friday’s wedding, though rumors about the guest list and the identity of star performers have swirled in recent weeks. The celebrated couturier produced bespoke outfits for various members of the Ambani family throughout the month-long wedding celebrations. Sujit Jaiswal/AFP/Getty ImagesIt is not known precisely how much money the Ambani family has spent on the pair’s wedding celebrations. The weekend schedule concludes seven months of build-up to what has been described India’s wedding of year.
Persons: Anant Ambani, Radhika Merchant, Kim, Khloé Kardashian, Nick Jonas, Priyanka Chopra, Tony Blair, Rajinikanth, Sanjay Dutt, Ram Nath Kovind, Anant’s, Mukesh, John Cena, Francis Mascarenhas, Law Roach, Cherie Blair, Nick Jonas sparkled, sequins, Jonas, Prabal Gurung, Khloé, Nita Ambani, “ reimagine, Abu Jani Sandeep Khosla, Vijay Kumar, Monika Maurya, Ambani, Manish Malhotra, , Justin Bieber, haldi, Viren, Shaila Merchant, Anat Ambani, Mukesh Ambani, Nita, Sujit Jaiswal, Devanshi Zaveri, Jenica Kothari, It’s, , , Mark Zuckerberg, Bill Gates, Ivanka Trump, Rihanna, Pitbull, Isha, Anand Piramal Organizations: CNN, British, team, Reliance Industries, Forbes, Reuters Former British, Reuters International, New York Fashion, Brown University, Reliance, Encore Healthcare, Backstreet Boys, Beyoncé Locations: Mumbai, Varanasi, India’s Uttar Pradesh, AFP, , Antilia, Europe
(L to R) Anand Piramal, Mukesh Ambani, Radhika Merchant, Anant Ambani, Neeta Ambani, Isha Ambani Piramal, Shloka Mehta Ambani and Akash Ambani pose for the media during a photo opportunity at the red carpet ceremony to celebrate the engagement of Anant and Radhika at Ambani's Antilia residence in Mumbai, India, on Jan. 19, 2023. Mukesh Ambani is the billionaire chairman of Indian conglomerate Reliance Industries, and his youngest son Anant Ambani is marrying Radhika Merchant, the daughter of Viren Merchant, owner of Encore Healthcare. The billionaire family have spotlighted the glitz and glamour of Indian weddings on the world stage, and piqued people's curiosity about why weddings are such a big affair in Indian culture. Additionally, Indian weddings appear to be really spectacular because Indians tend to have big families, various religious and cultural events, and colorful attire and jewelry, according to Karishma Manwani, a London-based luxury wedding planner for Indian weddings. Manwani and Suglani explained the culture and tradition underpinning big Indian weddings.
Persons: Anand Piramal, Mukesh Ambani, Radhika Merchant, Anant Ambani, Neeta Ambani, Isha Ambani Piramal, Shloka Mehta Ambani, Akash Ambani, Anant, Radhika, Ambani's, Viren Merchant, Mark Zuckerberg, Shah Rukh Khan, Rihanna, Justin Bieber, Priya Suglani, Karishma, Manwani, Suglani Organizations: Reliance Industries, Encore Healthcare, BBC, London, CNBC, shimmer Locations: Mumbai, India, Jamnagar, Gujarat, London
“Most of the dogs didn’t really catch my attention until I’d seen this boxer named Quincy,” one UnChained participant recounted. The students work alongside coaches, a professional dog trainer, and volunteer classroom assistants. By establishing an emotional connection and teaching young people about a dog’s needs, Wolf says her team sees a change occur. Students learn from professional dog trainers and implement a clicker method where a dog is praised and rewarded for good behavior with a treat. There’s a vulnerability that the dogs allow the kids to open up with.”The dogs in the program are rescued from shelters and are vetted by a professional dog trainer before they join the program.
Persons: Melissa, Wolf, , ” Wolf, Melissa Wolf — Allie Torgan, CNN Wolf, I’d, Quincy, , they’ve, CNN “ You’ve, “ It’s, she’ll, she’s Organizations: Santa Cruz , CA CNN, CNN, Quincy Locations: Santa Cruz , CA, California, Texas, chihuahua
Dalio, the founder of the world's largest hedge fund, Bridgewater Associates, wrote a column for Time magazine published Tuesday. "To begin, I want to make clear that I respect, like, and empathize with President Biden and I get that Democrats find themselves in a difficult position," Dalio wrote. "I look at this case like the fable of the emperor who has no clothes," Dalio added. First, the party can retain Biden as its nominee, a path Dalio thinks the party has chosen for now — at least publicly. Related storiesThe billionaire then suggested two alternative strategies, including a "mini-primary plan" where a select group of candidates battle it out to succeed Biden.
Persons: , Ray Dalio, Joe Biden's, Biden, Dalio, straightforwardness, Kamala Harris, Biden didn't, Donald Trump, Nancy Pelosi, Joe Organizations: Service, Democratic Party, Bridgewater Associates, LinkedIn, Business, Biden, Democratic, BI, Trump
Alexis Ohanian, at his first-ever track and field event, found himself transported. So he didn’t need to experience track to spark his motivation to invest in track. Gabby Thomas and Alexis Ohanian speak at the Athlos announcement in April. AdvertisementKipyegon is one of those gems of women’s track. Winning an Athlos event will pay $60,000.
Persons: Alexis Ohanian, Serena Williams, Gabby Thomas, He’d, Thomas ’, Spencer McManes, ” Ohanian, Reddit, Ohanian, Athlos, Sha’Carri Richardson, Sydney McLaughlin, Levrone, Shelly, Ann Fraser, Pryce, Athing Mu, Alica Schmidt, Elsa, Getty, Athlos ’, Thomas, , Alexis Holmes, Kipyegon, Let’s, , Noah Lyles, Richardson, Jakob Ingebrigtsen, Michael Johnson, it’s, “ I’ve, Andy Lyons Organizations: Paris Games, Wimbledon, Hayward Field, University of Oregon, U.S, Angel City Football Club, Angel City FC, , Harvard, Olympics, Diamond League, sport’s, Athletics, Netflix, de France —, Getty Locations: New York City, Germany, New York, United States, America, Paris, Athlos, Norwegian
Read previewBalyasny Asset Management has cut back the portfolio of its Asia equities head, but not because of poor performance. This story is available exclusively to Business Insider subscribers. Related storiesBalyasny, the $20 billion multistrategy firm based in Chicago, parted ways with its global equities head, Jeff Runnfeldt, last October. AdvertisementBalyasny, the founder, has been running the equities unit since Runnfeldt's departure, adding talent — such as Point72's Peter Goodwin — and reviewing existing books. The firm has made 5.5% through the first half of the year, Business Insider recently reported, trailing peers like Citadel, Point72, and Millennium.
Persons: , Archana Parekh, Dmitry Balyasny, Parekh, Jeff Runnfeldt, Runnfeldt, Peter Goodwin —, Andrew O'Connor, Weiss, David Lohman, Marco Minoli, Anil Gondi, Balyasny, Stephen Schurr, She's, Will Brant, Robert Tau Organizations: Service, Management, Balyasny, Business, Fortress Investment, Citadel, Walleye, Bloomberg Locations: Asia, Chicago, Schonfeld, LMR, — Singapore, Hong Kong, Tokyo, Balyasny's Hong Kong, Point72
Tighter lending could weigh heavily on private equity and real estate, according to Howard Marks. Experts have cautioned on commercial real estate in particular as looming debt maturities pose a risk. That's created "fundamental questions" in specific parts of the real estate market, like office and retail properties, he added. The wider commercial real estate sector has over $1 trillion in debt set to mature in 2024, per Goldman Sachs. Billionaire investor Barry Sternlicht recently said he foresaw weekly bank closures and extreme losses in commercial real estate as high interest rates impact the sector.
Persons: Howard Marks, Marks, , Banks, That's, Goldman Sachs, Barry Sternlicht Organizations: Service, Oaktree Capital Management, Bloomberg, Federal Reserve, Federal Deposit Insurance Corporation, Billionaire
Sung Kook (Bill) Hwang, the founder and head of the private investment firm Archegos, arrives at the Manhattan Federal Courthouse in New York City, U.S., July 9, 2024. The jury, which began deliberations on Tuesday, found Hwang guilty on 10 of 11 criminal counts and Patrick Halligan, his Archegos deputy and co-defendant, guilty on all three counts he faced. Hwang and Halligan sat flanked by their lawyers as the verdict was read by a soft-spoken foreperson. Hwang, 60, had pleaded not guilty to one count of racketeering conspiracy, three counts of fraud and seven counts of market manipulation. At its peak, prosecutors said Archegos had $36 billion in assets and $160 billion of exposure to equities.
Persons: Sung Kook, Bill, Hwang, Patrick Halligan, Halligan, Prosecutors, Andrew Thomas, Barry Berke, William Tomita, Scott Becker, Archegos Organizations: Archegos Capital Management, Prosecutors, U.S . Justice Department, U.S, Attorney's, Southern, of, Credit Suisse, UBS, Nomura Holdings Locations: Manhattan, New York City, U.S, of New York
It was 1922, two years before the last time the Olympics were held in Paris. On a warm August day, about 20,000 people came to Pershing Stadium to watch 77 athletes in track and field, including a team from the United States. And at the start, a 38-year-old woman named Alice Milliat welcomed the world to Paris. She was the founder of the International Women’s Sports Federation, known in her native France as the Fédération Sportive Féminine International. Every competitor that day was a woman.
Persons: Alice Milliat, Organizations: Pershing, International Women’s Sports Federation, Sportive Féminine International, Olympic Locations: Paris, United States, France
CNN —A dance tune with two simple instructions and involving thousands of bouncing, orange-clad soccer fans has gone viral at this year’s European Championships. Prompted by the song, fans link arms and jump to the left. It might sound straightforward enough, but the sight of thousands of fans dressed in orange dancing and singing in unison while walking to the game has been something to behold at Euro 2024. Ahead of the Netherlands’ group game against France, Kemps went to Leipzig to help entertain the Dutch fans before the match started. While Dutch people have sung and danced to the song for years, Kemps says fans of Dutch soccer started adopting it after the women’s team won the European Championship in 2017.
Persons: ‘ Snollebollekes ’, , Snollebollekes, Rob Kemps, Kemps, , John MacDougall, doesn’t, he’s, , Max Verstappen, ” Kemps, ” Rob Kemps, Berk, Guido Pauw, Pauw, it’s, Gareth Southgate’s Organizations: CNN, Dutch national, Turkey, Sunday, Berlin Police, CNN Sport, Getty, France, Tour de France, , , England, Dortmund Locations: Leipzig, Holland, Germany, Netherlands, Dutch, Utrecht, Dortmund, Spain
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