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Twitter's ex-CMO, Leslie Berland, is suing Elon Musk, saying she is owed $20 million in severance. The same week as Berland's filing, Twitter's ex-CEO got the go-ahead to proceed with a similar suit. AdvertisementTwitter's former chief marketing officer, Leslie Berland, is suing Elon Musk, saying she is owed over $20 million in unpaid severance. The documents state that a Twitter employee who was there on Bertrand's recommendation cautioned Musk against reinstating Trump in front of the advertisers, leaving him "embarrassed and angry." Related storiesBerland claims she was wrongly denied about $20 million in benefits owed to her under Twitter's policy.
Persons: Leslie Berland, Elon Musk, Twitter's, , Berland, Musk, Xavi, Donald Trump's, Parag Agrawal, Maxine Chesney Organizations: Service, Bloomberg Law, Twitter, Cannes Lions, Trump, Business, Verizon, Bloomberg Locations: California's, California, Ireland
Parag Agrawal updated his LinkedIn page with his AI startup's name for the first time: Parallel Web Systems. The ex-Twitter CEO raised about $30 million for the startup, The Information reported in January. AdvertisementThe former CEO of Twitter has moved his AI startup out of stealth mode with a previously unknown name: Parallel Web Systems. Agrawal raised about $30 million for the startup, The Information reported in January when the startup's name was still unknown. From Twitter to AI startupAgrawal was the CEO of Twitter from November 2021 to October 2022, when Elon Musk fired him following his acquisition of the platform.
Persons: Parag Agrawal, Parallel's, , Agrawal, Elon Musk, Kurt Wagner's, Wagner, Musk, Ned Segal, Vijaya Gadde, Sean Edgett Organizations: Systems, AIs, Service, Twitter, Khosla Ventures, Index Ventures, LinkedIn, Company, Shapley Inc, Business Locations: Palo Alto , California, San Francisco
All kinds of startups are rushing into the AI inference market. AdvertisementJared Quincy Davis and his AI computing startup Foundry sell inference. And cost in inference computing is even more important than in training, Groq cofounder Jonathan Ross recently told BI. In other words, "it turns out, when you make inference cheaper, people decide to do a lot more inference," Davis said. He agrees the next few years will be wildly competitive for inference providers, but he believes the winners will be decided on merit.
Persons: , Jared Quincy Davis, Davis, Jonathan Ross, Mitesh Agrawal, Agrawal, it's, Jensen Huang, Davis isn't, Intel Andy Grove, Sriram Viswanathan, Viswanathan, Hugh Langley Organizations: Service, Foundry, SambaNova Systems, Lambda, Nvidia, Microsoft, Business, o1, Intel, Celesta Capital
Financial services firm discusses India's bull run
  + stars: | 2024-09-25 | 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 EmailFinancial services firm discusses India's bull runRaamdeo Agrawal, chairman and co-founder of Motilal Oswal Financial Services, weighs in on the country's investment landscape.
Persons: Raamdeo Agrawal Organizations: Financial, Motilal Oswal Financial Services
These Four Common Infections Can Cause Cancer
  + stars: | 2024-09-18 | by ( Nina Agrawal | ) www.nytimes.com   time to read: +1 min
A majority of cervical cancers, as well as some genital and oral cancers, are caused by a virus. And certain chronic viral infections can lead to liver cancer. Infections like these account for an estimated 13 percent of all cancer cases globally, according to a new report published Wednesday by the American Association for Cancer Research. We are now close to “turning what would have previously been some common cancers into rare diseases,” he said. Human papillomavirusThere are more than 200 types of the HPV virus, including a dozen that significantly increase the risk of cervical, genital and oral cancers.
Persons: Michael Pignone, Organizations: American Association for Cancer Research, Duke School of Medicine
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOpenAI is the indisputable leader in the AI supercycle, says Altimeter Capital's Apoorv AgrawalApoorv Agrawal, Altimeter Capital partner, joins 'Squawk Box' to discuss the latest OpenAI funding round, state of the AI technology race, investing in AI companies, why he believes OpenAI is the leader in the AI supercycle, and more.
Persons: Agrawal Apoorv Agrawal, OpenAI
If GPS goes dark, Mesa Quantum has a backup plan
  + stars: | 2024-09-05 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com   time to read: +5 min
Cofounded by Mesa Quantum CEO Sristy Agrawal and CTO Wale Lawal in 2023, the company has won a $1.9 million Space Force grant to demonstrate its alternative to GPS technology in military and civilian applications. J2 Ventures cofounder and managing partner, Alex Harstrick, told CNBC his fund backed Mesa Quantum in part because of the founders' extraordinary technical background. Harstrick said his fund hopes that Mesa Quantum will have its first demonstration of mass scale "atomic clocks" (quantum timing sensors) validated by a top-tier semiconductor manufacturing partner" in the next few years. "The U.S. government has established major initiatives to spur innovation in this area and is seeking to purchase a million quantum sensors each year -- if they can simply be mass-produced," she explained. With its grant funding and seed round in place, Agrawal said, Mesa Quantum will look to grow its team in Boulder, especially hiring atomic molecular and optical physicists, engineers and manufacturing experts this year.
Persons: Truckers, Sristy Agrawal, Wale Lawal, Alex Harstrick, Agrawal, Lawal, Harstrick, He's, that's Organizations: GPS, Mesa Quantum, Space Force, J2 Ventures, CNBC, University of Colorado, National Institute of Standards, Technology, U.S . Air Force Academy, Rice University, Harvard, Mesa Quantum's Locations: Sao Paolo, Brazil, Richmond , Vermont, Ukraine, Boulder , Colorado, Boston, U.S, Boulder
Adani Group companies shed as much as $19 billion in market value on Monday after Hindenburg Research accused the Indian market regulator probing the group of having links to offshore funds also used by Adani. Adani Enterprises and Adani Ports were among the biggest losers on India’s blue-chip Nifty 50 index. Total losses in Adani companies narrowed to $9 billion after the early plunge. It caused one of the most stunning upheavals in India’s corporate history in January 2023 when it alleged improper use of tax havens and stock manipulation by the Adani Group. “We do not think SEBI can be trusted as an objective arbiter in the Adani matter,” Hindenburg said on Saturday.
Persons: Adani, Gautam, Hindenburg, Madhabi Puri, Vinod Adani, Gautam Adani, , Sunny Agrawal, Buch, ” Hindenburg, SEBI, , Kranthi Bathini, Rahul Gandhi, ” Ajay Seth Organizations: Adani, Hindenburg Research, Adani Enterprises, Securities and Exchange Board of India, SBICAPS Securities, Equity, WealthMills Securities Locations: New York, Madhabi Puri Buch
How to Spot the Signs of Heat Exhaustion
  + stars: | 2024-07-17 | by ( Nina Agrawal | ) www.nytimes.com   time to read: +1 min
Dangerously high temperatures across much of the United States have increased the risk of heat exhaustion and other heat-related illnesses. Knowing the signs of heat exhaustion and how to treat it can help prevent more serious problems. What is heat exhaustion? Heat exhaustion occurs when a person is no longer able to keep exerting themselves in the heat, usually because the heart can’t keep up with the demands on it. “That means you’ve overheated, you’ve overexerted yourself,” Dr. Atallah said.
Persons: Hany, Jackson, Atallah, , Organizations: Jackson Memorial Hospital Locations: United States, Miami
The case is one of many accusing Musk of reneging on promises to former Twitter employees, including former Chief Executive Parag Agrawal, and vendors after buying the company for $44 billion in October 2022. Musk also runs the electric car company Tesla, and is the world’s richest person, according to Forbes magazine. The plaintiffs Courtney McMillian, who oversaw Twitter’s compensation and benefits, and Ronald Cooper, an operations manager, said Twitter instead offered fired employees just one month of pay as severance, with no benefits. The judge said the plaintiffs can try amending their complaint, but only for claims not governed by ERISA. The case is McMillian et al v. Musk et al, U.S. District Court, Northern District of California, No.
Persons: CNN — Elon Musk, Trina Thompson, Musk, Parag Agrawal, Courtney McMillian, Ronald Cooper, Twitter, Thompson, Organizations: CNN, U.S, Twitter, Forbes, Court, Northern District of Locations: San Francisco, U.S, Northern District, Northern District of California
So far, the only part of Earth AI seems hell-bent on dominating is the power grid. AI data centers are doubling the pace of electricity demand growth in the US to the extent that demand could exceed supply in just two years without action, according to Bernstein Research. The potential shortfall could mean higher prices for the computing power AI developers of all sizes are clamoring for, along with ample opportunity for investors willing to build up supply. How are AI companies planning aheadIt's not just the total power needed for AI computing infrastructure, it's the unique cadence of the power need and the cooling AI chips require. Amazon is clearing some of these hurdles by colocating some data centers with nuclear power sites.
Persons: , that's, catchup, Bernstein, Jensen Huang, Huang, Agrawal, we're, Andrew Feldman, Feldman Organizations: Service, Bernstein Research, Business, Nvidia, Vertiv, Lambda, Cerebras Systems Locations: UAE, South Africa, Kenya, Nigeria, Egypt, Iceland
India is set to see billions in inflows into the country's rupee-denominated government debt market, as state bonds make their debut on JPMorgan's emerging market index on Friday. This is reportedly the first time Indian government bonds have been included in a global index. India has seen foreign inflows to the tune of about $10 billion into its bond market over the past nine months since the announcement, Puneet Pal, head of fixed income at PGIM India Mutual Fund, told CNBC "Street Signs Asia." Last September, JPMorgan said the inclusion of Indian bonds in its Government Bond Index-Emerging Markets will be staggered over 10 months, starting from a 1% weightage in June to a maximum 10% in April next year. Pal said that over the medium- to long-term, the inclusion of Indian government bonds will have a positive impact across the bond markets.
Persons: Puneet Pal, Deepak Agrawal, Pal Organizations: PGIM India Mutual Fund, CNBC, JPMorgan, Government, Kotak Mutual Fund Locations: India
What's next: Media Matters filed a motion to dismiss Musk's lawsuit in March, but a judge has yet to rule. VCG/GettyGovernment lawsuits and investigationsSEC investigation into Musk's Twitter takeoverThe issues: The Securities and Exchange Commission is investigating Elon Musk's Twitter purchase. Matt Winkelmeyer/Getty ImagesPersonal lawsuits against MuskTornetta v. MuskThe issues: Tesla shareholder Richard Tornetta sued Musk and Tesla in a class action lawsuit regarding Musk's compensation package, which was worth $55.8 billion at the time. Several lawsuits also allege Musk discriminated against them because of their race, gender, or disability in choosing to fire them. The executives were set to receive golden parachutes, but claim Musk and X have not paid them out.
Persons: , Elon Musk, Musk, Claire Boucher, Grimes, Alex Spiro, Sam Altman, Donald Trump, Spiro, Anna Webber, Angelo Carusone, What's, Gina Carano, Schaerr Jaffe, Tesla, Musk's, Elon, SEC hasn't, Elon Musk's, who've, Owen Diaz, Matt Winkelmeyer, Richard Tornetta, Kimbal Musk, He's, Boucher, Benjamin Brody, Brody, Brody reverberated, Ben Brody, didn't, Robert Kaiden, Kaiden, he's, Agrawal, Parag Agrawal, Ned Segal, Twitter Vijaya Gadde, Sean Edgett, Segal, hadn't Organizations: Service, SpaceX, Business, OpenAI, SEC, Trump, Trump —, Elon, Variety, Media, X Corp, Disney, National Labor Relations Board, UAW, Tesla, Getty Government, Twitter, Securities, Exchange Commission, Justice Department, Reuters, Traffic, Administration, NHTSA, Apple, NLRB, Musk's SpaceX, US, Employment Opportunity, Musk, Nazi, Litigation Locations: Texas, Texas and Missouri, America, Nazi Germany, California, Delaware, San Francisco
The big storyEmerging markets have been on tenterhooks for the better part of this year as the Federal Reserve has been dangling the prospect of an interest rate cut. Historically, as U.S. interest rates fall, the allure of the mighty dollar fades to the benefit of other currencies. Indeed, unlike most developed economies, India's interest rate regime in 2024 isn't any different from that of 2018. There lies the disconnect between the economy, the stock market, and a single stock. Non-bank lender Akme Fintrade India and engineering firm DEE Development Engineers will debut on the stock market on Wednesday.
Persons: Sumant Sinha, we've, Sinha, It's, Fitch, Rahul Jain, Goldman Sachs, Jake Sullivan, Modi, Narendra Modi, CNBC's Charmaine Jacob, Raamdeo Agrawal, CNBC's Tanvir Gill, Jain Organizations: Bloomberg, Getty, Federal Reserve, India Inc, Nasdaq, Reserve Bank of, U.S, Societe Generale, Goldman, Clean Energy, CNBC, Motilal Oswal Financial Services, of India, Bangladesh, Australia, DEE Development Engineers Locations: Tuticorin, India, Reserve Bank of India, Japan, Britain, Delhi
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIndia's private capex will pick up when consumption kicks in, says financial services firmRaamdeo Agrawal of Motilal Oswal Financial Services says private capital expenditure in India will grow when consumption increases.
Persons: Raamdeo Agrawal Organizations: Motilal Oswal Financial Services Locations: India
Many of the tens of thousands of migrants who have arrived in New York City over the last several years say they share the same hope: to be granted asylum so they can legally stay in the United States permanently. But while New York is a beacon for many migrants, with a law guaranteeing shelter and pro-immigration political traditions, its asylum office is also the toughest place to win a claim in the country, records show. Even before the recent influx of border crossers, New York’s federal asylum office granted the lowest share of asylum claims among the nearly dozen such offices around the country, according to a 2022 analysis by the nonprofit Human Rights First. In 2020, when 28 percent of asylum claims were granted nationally, 5 percent of decisions in New York were approvals. The asylum process was never meant to be a catchall program to allow most people arriving in the United States to remain.
Organizations: Human Locations: New York City, United States, New York, New
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNvidia's 'Rubin' announcement is a clear commitment to the 1-year product cycle, says Apoorv AgrawalApoorv Agrawal, Altimeter Capital partner, joins 'Squawk Box' to discuss Nvidia's new line of 'Rubin' AI processors, state of the AI technology race, and more.
Persons: Nvidia's, Rubin, Apoorv Agrawal Apoorv Agrawal
How to Stay Safe in Extreme Heat
  + stars: | 2024-05-24 | by ( Nina Agrawal | ) www.nytimes.com   time to read: +1 min
Rates of emergency room visits for conditions related to heat rose substantially in many parts of the United States last summer, according to the Centers for Disease Control and Prevention. We asked emergency room doctors around the country what the public should know about extreme heat. Heat-related illnesses range from minor rashes to life-threatening heat strokes. Mild heat illnesses include heat rash; swelling in the hands and feet; muscle cramps; and heat syncope, or a fainting episode after standing too long or getting up suddenly. People with heat exhaustion have more severe symptoms, which could include headache, nausea, vomiting and dizziness.
Persons: Hany, Jackson Organizations: Centers for Disease Control, Jackson Memorial Hospital Locations: United States, Miami
People stand in front of a Reserve Bank of India logo at the Global Fintech Fest in Mumbai, India, 5 September, 2023. Instead, there's been a flurry of activity this month at a number of regulators across India's financial system. That frightened bank investors and immediately knocked off more than 3% from the India Nifty PSU Bank index. "RBI has been tightening the screws," Rajeev Agrawal, hedge fund manager and managing partner at DoorDarshi India Fund, told CNBC's Inside India. We also had hedge fund manager Andrew Holland, who spoke on India's infrastructure projects and the outlook for the country's economy.
Persons: Niharika Kulkarni, there's, Nirmala Sitharaman, SEBI, Rajeev Agrawal, Agrawal, Shailendra Singh, India's, they've, Dinesh Kumar Khara, Andrew Holland, Sri Jegarajah Organizations: Reserve Bank of, Global, Securities and Exchange Board of India, Reserve Bank of India, Futures Industry Association, Bombay Stock Exchange, Reuters, India Nifty, DoorDarshi India Fund, Peak XV Partners, Sequoia Capital, CNBC, CNBC Pro, U.S ., State Bank of India, U.S . Federal Reserve, Center Locations: Reserve Bank of India, Mumbai, India, Sequoia, Sequoia Capital India, Southeast Asia, Maldives, Sri Lanka, Sri, Japan, Indian, Chennai
CNBC's Inside India newsletter: A disconnected stock market
  + stars: | 2024-05-10 | by ( Ganesh Rao | ) www.cnbc.com   time to read: +5 min
CNBCThis report is from this week's CNBC's "Inside India" newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. For local investors, Indian stocks would have underperformed the U.S. benchmark by more than 45 percentage points since Buffett's 2008 bet. It appears that India's near 8% GDP growth isn't transforming into stock market returns. But that has also meant significant competition for the incumbents, many of which are listed on the stock market. This year has also been particularly unlucky for Indian stock market investors thanks to the uncertainty added by politics.
Persons: Warren Buffett, it's, Jonathan Pines, Federated Hermes, Rajeev Agrawal, Agrawal, Narendra Modi's, Kevin Carter, Buffett, Carter, Modi, Narendra Modi, Amit Shah, Virat Kohli, Rajat Patidar Organizations: Berkshire, CNBC, BSE, Federated, DoorDarshi Advisors, Narendra Modi's BJP, India, Ecommerce, One97 Communications, Ujjivan Financial, BJP, Russia, Indian, Ukraine, India's Central Bureau of Investigation, Indian Premier League, Wednesday, Royal Challengers Bengaluru Locations: Omaha , Nebraska, Omaha, BSE India, India, United States, Gandhinagar Lok Sabha, Russia, Mumbai, Punjab Kings
Jack Dorsey said Twitter's board — and its activist investor — prompted him to plan an exit from the firm. "I was happy to see it end," Dorsey said of the board when Elon Musk took Twitter private. AdvertisementDorsey told Solana that earlier on, he'd tried to bring Musk onto Twitter's board but was stopped twice. In April 2022, Musk joined Twitter's board of directors after taking a 9.2% stake in the company. But Dorsey said he was also unhappy with the board because of an activist investor seeking to boot him, he said.
Persons: Jack Dorsey, , Dorsey, Elon Musk, Mike Solana, Parag Agrawal, Solana, he'd, Musk, Paul Singer, Elliot Management's, It's, Dorsey didn't, Bluesky, Donald Trump, Nick Fuentes Organizations: Elon, Twitter, Service, Fund, Elliott Management
Why You Can Hear the Temperature of Water
  + stars: | 2024-05-09 | by ( Sam Kean | ) www.nytimes.com   time to read: 1 min
Most people are quite good at distinguishing between the sound of a hot liquid and the sound of a cold one being poured, even if they don’t realize it. “Every time I give a talk and I say, ‘Surprisingly, adults can tell the difference between hot and cold water,’ people just go like this,” said Tanushree Agrawal, a psychologist who, during a video call, mimicked audience members shaking their heads no. But research she completed at the University of California at San Diego demonstrated that three-fourths of the participants in her experiments could in fact detect the difference. You can try it yourself. Put on your headphones or listen closely to your computer or phone’s speaker and hit play on this audio recording.
Persons: , Tanushree Agrawal Organizations: University of California Locations: San Diego
Elon Musk had a strange way of phrasing a job offer to a former Twitter exec. Beykpour said Musk asked if he wanted to "swipe right" and "hang out and work on the product." During one of their conversations, Musk asked if Beykpour would be interested in continuing to work on product at Twitter. Musk asked Beykpour to "swipe right on whether you want to be here," the Periscope cofounder said. He used the swipe right, swipe left Tinder metaphor and I thought that was kind of hilarious coming from him," Beykpour said.
Persons: Elon Musk, Kayvon Beykpour, Musk's, Beykpour, Musk, , Parag Agrawal, Elon Musk's, Getty, Noam Galai Beykpour, Walter Isaacson, Isaacson, Elon, I'm, I've Organizations: Twitter, Service Locations: Elon
Soon, dozens more students protesting the monthslong assault on Gaza were arrested at New York and Yale universities. Ash told CNN he was one of 20 students arrested following a sit-in on November 8. The charges were later dropped, according to the Brown Daily Herald, but 41 students arrested the following month in similar circumstances still face charges, which protesters now want dropped. Separately, the referendum on the BDS resolution “did not move forward because of potential conflict with federal and state laws,” the university told CNN in a statement. Police then were aggressive, Agrawal told CNN.
Persons: strode, , Jordan Vonderhaar, that’s, Zach Greenberg, ” Greenberg, ” “, , Dima Khalidi, , Greenberg, , Arman Deendar, Rafi Ash, Ash, ” Ash, Richard Vogel, Jack Petocz, Petocz, Vanderbilt, Samson Zhang, Alexander Hall, Pitzer, Mita Banerjee, Banerjee, ” Arrestees, Natascha, Shubh Agrawal, Agrawal, Colleen Mastony, Israel, Grace Hie Yoon, Adam Lehman, who’ve, they’re, ” Lehman, CNN’s Dana, Israel –, Palestine Legal’s Khalidi, ” Khalidi, CNN’s Nicquel Terry Ellis, Chelsea Bailey, Isabel Rosales, Devon Sayers Organizations: CNN, New York’s Columbia University, Yale, University of Texas, University of Southern, Emory University, Boston’s Emerson College, Indiana University, George Washington University and California State Polytechnic, Humboldt, Bloomberg, Getty, Foundation, Rights, , White, Palestine, Brown University, Brown Daily Herald, University Public, Vanderbilt University, Vanderbilt, Coalition, ” Vanderbilt University, Community, Officer, Barnard College, Harvard University, Boston, Pomona College, Claremont Colleges, Pomona, Pomona College’s, for Justice, ” Claremont Police, Pro, Palestinian, George Washington University, University of Michigan’s, Investment, University of Michigan, Police, New York University, New, Civil Liberties Union, Anadolu Agency, Jewish, Hillel International Locations: New, Gaza, New York, Austin, University of Southern California, Atlanta, Israel, Rhode Island, Los Angeles, Nashville, Florida’s, Southern, Palestine, TAHRIR, “ City, Vietnam
Elon Musk apologized Wednesday to laid-off Tesla employees for incorrect severance packages. Some workers previously told Business Insider they were offered two months' pay as severance. AdvertisementElon Musk apologized in an email to some laid-off Tesla employees after their severance packages were found to be "incorrectly low," according to a screenshot of the email viewed by Business Insider. "As we reorganize Tesla it has come to my attention that some severance packages are incorrectly low," Musk said in the brief email sent Wednesday. Other workers told BI that as of Wednesday night, they'd yet to receive any information about severance packages.
Persons: Elon Musk, , Musk, they'd, Tesla, Drew Baglino, who'd, he'd, Rohan Patel, They're, Parag Agrawal, Ned Segal, Vijaya Gadde, Sean Edgett Organizations: Service, Business, CNBC, Worker, Twitter Locations: China
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