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☆ Indonesia’s Argo Wilis Panoramic offers a scenic ride through Java
▼ + stars: | 2024-11-14 | by ( Leyla Rose | ) edition.cnn.com time to read: +8 min

This is the view from the Argo Wilis Panoramic, a bright and airy carriage on the Argo Wilis train. The Argo Wilis Panoramic carriage sits idle in Surabaya Gubeng Station. “For example, the Argo Wilis is named after a non-active volcano in East Java,” explains a railway guard. As well as the Argo Wilis Panoramic, there is also the Argo Parahyangan Panoramic and the Pangandaran Panoramic running back and forth between Jakarta and Bandung. If you’re traveling west on the Argo Wilis Panoramic, it’s worth exploring Bandung, where the train terminates.

Persons: Josh Edwards, KAI, ”, Argo, Yogyakarta Josh Edwards, There’s, It’s, Siripong, Parahu, Ismail Rajo, “ Organizations: CNN, Argo, Solo, KAI, UNESCO, Heritage, ” Locations: Surabaya, East Java, Bandung, West Java, Southeast Asia, Indonesia, Java, Surabaya Gubeng, Sumatra, Sulawesi, Jakarta, Yogyakarta, Borobudur, Asia, Indonesia’s, Central Java, Surakarta, Pasar, Sukuh, Mt Lawu, Nature, Ismail, Paris, ” Bandung, British

“Any disputes Musk has with his critics should play out in the court of public opinion, not a court of law,” Terr said. Musk and representatives at X did not respond to requests for comment on his calls for prosecution. Musk and X have sometimes found allies among members of Congress or state attorneys general who have launched investigations. “The First Amendment obviously protects both Musk and his critics in making public pronouncements about each other,” he said in an email. The feud between Musk and the Center for Countering Digital Hate has continued.

Persons: Elon Musk, Musk, Victoria Nuland, ”, ” Musk, Donald Trump, Nadine Strossen, Trump, Strossen, they’re, ” Aaron Terr, ” Terr, there’s, Michael Gerhardt, Chapel Hill, —, X, Charles Breyer, Imran Ahmed, “ Elon Musk, “, ” Ahmed, Ahmed, Jim Jordan, Travis Brown, Brown, Aaron Greenspan, PlainSite, Greenspan, Jack Sweeney, Sweeney, Taylor Swift, he’s, “ Trump Organizations: State Department, Center, American Civil Liberties Union, New York Law School, “, SpaceX, Justice Department, Foundation, Rights, Hate, Media, NBC News, NBC, Media Matters, University of North, Chapel, Department, The Justice, District, ACLU, Electronic Frontier Foundation, Columbia University, Constitution, Racket, Twitter, Federal Government, World Federation, Internet, Wired, Washington Post Locations: University of North Carolina, U.S, Ohio, Texas, San Francisco

☆ This stock could be the new 'pick-and-shovel play' in the next wave of AI, Wells Fargo says
▼ + stars: | 2024-11-12 | by ( Pia Singh | In | ) www.cnbc.com time to read: +2 min

Twilio could be a standout name as software stocks bounce back heading into the end of the year, according to Wells Fargo. Analyst Michael Turrin upgraded San Francisco-based Twilio to overweight from equal weight and lifted his price target by 50%, or $40, to $120 from $80. That suggests 28% potential upside for the cloud-based communication software company, which has already gained nearly 24% year to date. Underlying Turrin's investment thesis is his belief that software vendors will lead the next phase of AI development. "We believe Twilio can serve as a pick-and-shovel play for the next wave of AI-native front office and communications-powered genAI applications," Turrin said, highlighting the company's integration with OpenAI's Realtime API that allows developers to build low latency speech to speech AI agents into applications.

Persons: Michael Turrin, Turrin Locations: Wells Fargo, San Francisco

☆ European Google rivals partner on search engine infrastructure to counter Big Tech
▼ + stars: | 2024-11-12 | by ( Ryan Browne | ) www.cnbc.com time to read: +5 min

The two internet search firms agreed a joint venture, called the European Search Perspective or EUSP, with ownership split 50-50 between both firms. Why build a European search index? Currently, alternative search engines like Ecosia, Qwant and DuckDuckGo don't develop their own back-end infrastructure. The new venture will see them build their own search index from scratch, however, amassing results from a mix of different search engines. Both companies will use the search index themselves but the tech will also be made available to other independent search engines and tech firms.

Persons: Nikolas Kokovlis, Portugal —, it's, Christian Kroll, DuckDuckGo, Bing, Olivier Abecassis, Abecassis, Kroll, Donald Trump, Ecosia's Kroll, ChatGPT Organizations: Nurphoto, Getty, Google, . Big Tech, Microsoft, CNBC, European Union, The, Markets, Big Tech, U.S Locations: LISBON, Portugal, France, Berlin, Paris, Qwant, United States, Russia, Europe, Ukraine

☆ Deckmatch uses AI to find and streamline deals for investors. Check out the 13-slide deck it used to raise $3.1 million.
▼ + stars: | 2024-11-11 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +2 min

Deckmatch has secured $3.1 million in seed funding from Alliance VC and Luminar Ventures. BI got an exclusive look at the 13-slide pitch deck the startup used to secure the funding. AdvertisementA startup that helps private market investors automate their work has secured $3.1 million in seed funding. AdvertisementDeckmatch said its $3.1 million seed round was oversubscribed. With the fresh funding, Deckmatch plans to double down on its research and development efforts.

Persons: Deckmatch, —, Leopold Gasteen, Gasteen, Walid Mustapha Organizations: Alliance, Luminar Ventures, BI, Service, Google, Business, Skyfall Ventures Locations: Norway, VCs

☆ Anthropic is gaining on OpenAI in this key area of the AI market
▼ + stars: | 2024-11-07 | by ( Alistair Barr | ) www.businessinsider.com time to read: +4 min

Anthropic has been gaining on arch rival OpenAI in recent months, according to data from a popular developer tool offered by startup Vercel. In the week of August 18, the OpenAI code library was downloaded almost 229,000 times by developers. Data from Vercel's AI SDK toolkit VercelA top executive at Vercel attributed the recent adoption trends partly to a new AI model that Anthropic released in the summer. That's because many AI model providers have adopted OpenAI's API specification as a de facto standard. AdvertisementAn OpenAI spokesperson said usage of the startup's API has doubled since it released its GPT-4o mini AI model in July.

Persons: Anthropic, OpenAI, Sweta Patel, Claude, Jared Palmer, Sonnet, There's, Dianne Penn, Penn, DoorDash Organizations: Vercel

☆ The Navy's top ballistic missile interceptor comes with a heavy price tag, but the US can't afford to go to war without it
▼ + stars: | 2024-11-02 | by ( Chris Panella | Jake Epstein | ) www.businessinsider.com time to read: +8 min

AdvertisementOne of the US Navy's best ballistic missile interceptors, the Standard Missile-3, got a workout in the Middle East this year, eliminating Iranian missiles headed for Israel. That's a high cost per intercept, especially if more than one interceptor is fired for each target. An SM-3 Block 1B interceptor missile is launched from the guided-missile cruiser USS Lake Erie during a test in the Pacific. It was then fired a second time during Iran's massive early October barrage, during which Tehran launched more than 180 ballistic missiles at Israel. The industry process, coupled with the exquisite capability of the missile to intercept ballistic missiles, raises the cost of the interceptor.

Persons: —, Archer Macy, you've, Tom Karako, Navy Carlos Del Toro, Del Toro, RTX, Cmdr, Jason Tross, Bryan Clark, Karako, Macy Organizations: US, Service, Iranian, Congress, Navy, Pacific . US Navy, Missile Defense, Center for Strategic, International Studies, Mitsubishi Heavy Industries, Combat, US Naval Forces Europe, Hudson Institute, Getty, Business, Analysts, China's Rocket Force, SM, US Navy, Studies ' Missile Defense Locations: China, Israel, Lake Erie, Pacific, Tehran, Iranian, Iran

☆ Oil prices steady on shrinking U.S. crude inventories
▼ + stars: | 2024-10-30 | by ( ) www.cnbc.com time to read: +1 min

Oil prices stabilized on Wednesday on industry data showing a surprise drop in U.S. crude and gasoline inventories, following two previous sessions of losses on the prospect of hostilities easing in the Middle East. U.S. crude oil and fuel stocks fell last week, market sources said on Tuesday, citing American Petroleum Institute figures. Crude stocks dipped by 573,000 barrels in the week ended Oct. 25, the sources said on condition of anonymity. Gasoline inventories lost 282,000 barrels, and distillate stocks fell by 1.46 million barrels, the sources said. On Monday, prices lost about 6% after Israel's retaliatory strike on Iran over the weekend missed Tehran's oil infrastructure.

Persons: Benjamin Netanyahu Organizations: Brent, . West Texas, American Petroleum Institute, Reuters, U.S, Israeli Locations: Midland , Texas, Lebanon, Iran

☆ How US enterprises drive digital sales with seamless and scalable payment solutions
▼ + stars: | 2024-10-28 | by ( ) www.businessinsider.com time to read: +5 min

Companies must consider customers' desire for local payment methods, frictionless transactions, and evolving government regulations. For both enterprises, a payment platform must do more than simply accept transactions: It must easily adapt to different markets, audiences, and regulatory environments. That's why they have chosen a single-source payment platform to help them innovate and grow. This included payment methods like Momo in Vietnam, Bank Transfer in Indonesia, Pix in Brazil, and UPI in India. Seamless payment processes drive businessEnterprises looking to grow need a payment partner that meets business requirements as well as consumer preferences.

Persons: Dave Wolf, Fubo, Erik Gerson, Adyen, Momo, we've, Wolf, tokenization, Gerson Organizations: Companies, Meta, Reality Labs, Fubo, UPI, tokenization, Insider Studios Locations: Vietnam, Indonesia, Pix, Brazil, India, Adyen

☆ Ex-Twitter CEO Parag Agrawal has moved his AI startup out of stealth, calling it Parallel
▼ + stars: | 2024-10-21 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

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

☆ This startup uses AI to predict wildfires. Check out the 10-slide deck OroraTech used to raise a $27 million Series B.
▼ + stars: | 2024-10-15 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +2 min

Munich-based startup OroraTech has secured a $27 million Series B funding round. The startup uses AI and thermal data to predict and monitor wildfire risks globally. The startup provides thermal data and insights to customers for a range of use cases — predominantly to predict and monitor the risk of wildfires. AdvertisementOroraTech has gained interest from various stakeholders, including governments and insurance companies. The startup makes its money by charging a monthly subscription to companies that can use its API to stream OroraTech data into their own systems.

Persons: OroraTech, Martin Langer, Langer Organizations: Service, Bayern Kapital, Ananda Impact Ventures, ConActivity, Findus Venture Locations: Munich, Greece

☆ The US Navy is burning through missiles in the Middle East that it would need in a war with China
▼ + stars: | 2024-10-11 | by ( Jake Epstein | Chris Panella | ) www.businessinsider.com time to read: +9 min

The US Navy has been burning through interceptors fighting in Middle East conflicts, including the valuable SM-3. AdvertisementUS Navy warships have twice been called upon to defend Israel from massive Iranian ballistic missile attacks and have used SM-3 interceptors to defeat the incoming threats. But it's not just the SM-3 that the Navy is using up battling foes in the Middle East. In a short-range engagement, China's missiles wouldn't need to travel as high, and they would likely have shorter flight times and travel at slower speeds. And the number of Tomahawk Land Attack Missiles, long-range cruise missiles designed by RTX, being produced has decreased annually as well.

Persons: —, RTX, Archer Macy, Fitzgerald, Bryan McGrath, it's, Yemen that's, Macy, Navy Carlos Del Toro, Del Toro, Jim Fein, Fein, Sen, Roger Wicker, Wicker, Bryan Clark, Burke, Laura Radspinner, Clark Organizations: US Navy, Service, Navy, Mitsubishi Heavy Industries, Combat, US, Iranian, Getty, Center for Strategic, Studies ' Missile Defense, Pentagon, The Heritage Foundation, Republican, Senate Armed Services Committee, Biden, Hudson Institute, Stout Locations: Middle East, China, Israel, Iran, Iranian, USS, Erie, Yemen, Gulf of Aden, Lake Erie

☆ Cloud-API startup Kong valued at around $2 billion in a new funding round led by Tiger Global
▼ + stars: | 2024-10-09 | by ( Ben Bergman | Sri Muppidi | ) www.businessinsider.com time to read: +2 min

It's valued at about $2 billion in a new funding round led by Tiger Global Management, sources say. AdvertisementKong, which offers cloud-based application programming interfaces, was valued at about $2 billion in a new funding round led by Tiger Global Management, two people familiar with the matter said. Tiger Global declined to comment. Kong last raised $80 million in Series D funding in 2020, which valued the startup at $1.4 billion. Sapphire Ventures, Lombardstreet Ventures, Index Ventures, CRV, Andreessen Horowitz, and Notable Capital also participated in that round.

Persons: Kong, Tiger, —, Andreessen Horowitz, Goldman Sachs, Augusto, Aghi, Marietti, Marco Palladino Organizations: Tiger Global Management, Service, Kong, Tiger, Sapphire Ventures, Lombardstreet Ventures, Index Ventures, CRV, Capital, PayPal, Nasdaq, Volvo

☆ Cloud API startup Kong valued at around $2 billion in a new funding round led by Tiger Global
▼ + stars: | 2024-10-09 | by ( Ben Bergman | Sri Muppidi | ) www.businessinsider.com time to read: +2 min

The startup is valued at around $2 billion in a new funding round led by Tiger Global Management, sources say. AdvertisementKong, which offers cloud-based application programming interfaces, is valued at around $2 billion in a new funding round led by Tiger Global Management, according to two sources familiar with the matter. Tiger Global declined to comment. Kong last raised $80 million in Series D funding in 2020, which valued the startup at $1.4 billion. Sapphire Ventures, Lombardstreet Ventures, Index Ventures, CRV, Andreessen Horowitz, and Notable Capital also participated in that round.

Persons: Kong, Tiger, —, Andreessen Horowitz, Goldman Sachs, Augusto, Aghi, Marietti, Marco Palladino Organizations: Kong, Tiger Global Management, Service, Tiger, Sapphire Ventures, Lombardstreet Ventures, Index Ventures, CRV, Capital, PayPal, Nasdaq, Volvo

☆ The DOJ is considering asking judge to break up Google
▼ + stars: | 2024-10-09 | by ( Jordan Hart | Kelsey Vlamis | ) www.businessinsider.com time to read: +4 min

Prosecutors proposed remedies after Google antitrust violation ruling by a federal judge. Judge Amit Mehta previously ruled Google violated antitrust laws by securing default search deals. AdvertisementProsecutors said they're considering a requirement that Google share the data that powers a big chunk of its business — the inputs and models for Google search and search results — through an application programming interface. Another proposal would prevent the company from using its other products, such as Chrome and Android, to promote Google search over competitors. Google previously said that the company plans to appeal the ruling, which could delay the judge from imposing any remedies filed by the prosecution.

Persons: Amit Mehta, —, Prosecutors, doled, Evelyn Mitchell, Wolf, Mehta, Dan Ives Organizations: Service, Google, Big Tech, Apple, Prosecutors, Companies, Microsoft, Wedbush Securities, Department of Justice

☆ Nvidia's days of absolute dominance in AI could be numbered because of this key performance benchmark
▼ + stars: | 2024-09-26 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +7 min

Liang told Business Insider he expects 90% of AI computing workloads will be in inference in the not-too-distant future. AdvertisementThat's why several startups are charging aggressively into the inference market — emphasizing where they might outperform the goliath in the space. Speed is an important factor when multiple AI models talk to each other and waiting for an answer can dampen the magic of generative AI. The number of tokens per second that can be consumed (when a prompt goes in) and generated (when a response comes out) is a common metric for AI computing speed. AdvertisementCerebras's AI chip is roughly size of a dinner plate.

Persons: —, Rodrigo Liang, Colleen Kress, workloads, Liang, Andrew Feldman, Bernstein, Colette Kress, Kress, Nvidia's, SambaNova, Anthropic's Claude, Nvidia isn't, Jensen, Dylan Patel, Patel Organizations: Service, Business, SambaNova Systems, Nvidia, ARM, AMD, o1, BI Locations: Artificialanalysis.ai, TCO

☆ DryMerge aims to link your apps in one place. Here's the 8-page pitch deck its Gen Z founders used to raise $2.2 million.
▼ + stars: | 2024-09-19 | by ( Shriya Bhattacharya | ) www.businessinsider.com time to read: +4 min

Edward Frazer and Sam Brashears have built software together since fourth grade, and that's exactly what they'll start with if you're a venture capitalist listening to their pitch for funding. The two 22-year-old cofounders and longtime friends started developing the API integration software known as DryMerge last year. "Sam and I have spent more time with each other than anyone else except probably our families, so we're just really, really good friends." When evaluating team risk, VCs also look for whether the co-founders can build the product the way they envision it. Here's the eight-page pitch deck that Frazer and Brashears used to secure their $2.2 million seed round for DryMerge.

Persons: Edward Frazer, Sam Brashears, Frazer, Slack, DryMerge, Sam, Brashears, VCs, they've Organizations: Service, Business, Garage Capital, Goodwater, Ritual, Yale University, University of Wisconsin Locations: Madison

☆ Oil prices steady, with investors focusing on Fed decision
▼ + stars: | 2024-09-18 | by ( ) www.cnbc.com time to read: +2 min

Oil prices steadied on Wednesday, after rising in the previous two sessions, as investors await the U.S. Federal Reserve's anticipated interest rate cut, with the potential for more violence in the Middle East supporting the market. "Markets have calmed down as concerns over hurricane damage and escalating tensions in the Middle East have been factored in," said Mitsuru Muraishi, an analyst at Fujitomi Securities. "Now, investors are focusing on the Fed's rate cuts which could revitalize U.S. fuel demand and weaken the dollar," he said, predicting that oil prices are likely to maintain a bullish tone after Brent hit its lowest since 2021 last week. Traders kept bets the Fed will start an expected series of interest rate cuts with a half-percentage-point move downward on Wednesday, an expectation that may itself put pressure on central bankers to deliver just that. Oil stockpiles rose by 1.96 million barrels in the week ended Sept. 13, according to market sources citing the API figures, but gasoline and distillate stocks both rose by about 2.3 million barrels.

Persons: Hurricane Francine, Mitsuru Muraishi, Brent, Biden Organizations: U.S, U.S . Federal, Brent, Fujitomi Securities, Traders, Strategic Petroleum Reserve, American Petroleum Institute, Reuters, U.S . Energy Locations: U.S ., U.S, Israel, Lebanon, Beirut

☆ Lucy Guo's second act: After the 29-year-old left Scale AI, she has the 'itch to build' something new
▼ + stars: | 2024-08-23 | by ( Sri Muppidi | ) www.businessinsider.com time to read: +10 min

But Lucy Guo, the 29-year-old cofounder of data labeling startup Scale AI blurs the line between the two archetypes. Yet this is the persona many have come to know since Guo left Scale AI in 2018. But, midway through the program, they pivoted again, this time to what would eventually become Scale AI. Lucy GuoThe idea of Scale AI came from a suggestion by one of their YC roommates, who proposed creating an "API for humans." Advertisement"The itch to build"After Scale AI, Guo decided to apply her learnings to a new entrepreneurial opportunity: investing.

Persons: —, Lucy Guo, Billie Eilish, Charlie XCX, Guo, she's, Adam D'Angelo, Alexandr Wang, Alex, Wang, Guo's, Cruise, Dave Fontenot, Kylie Jenner's lipsticks, Jake Paul's, Passes Organizations: Service, Business, Fry's Electronics, Carnegie Mellon University, Thiel, Facebook, Multicoin, Bond Locations: Miami, Fremont , California, San Francisco, China, hackathons, Quora

☆ A16z's Jennifer Li went from business school to computer science to the startup world. Here's how she parlayed that experience into AI investing.
▼ + stars: | 2024-08-20 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +7 min

Read previewJennifer Li didn't know from the get-go that she was interested in computer science and software engineering. AdvertisementIn school, Li made the unusual jump from business to computer science. Related storiesShe studied technology commercialization and management at Rensselaer Polytechnic Institute, a well-known science and engineering school in upstate New York, and later earned another master's degree at Carnegie Mellon University in computer science. Both of her parents are engineers, and Li said that she began exploring the world of computer science and engineering to satisfy a curiosity of how things are created. Computer science helped with that system of thinking."

Persons: —, Jennifer Li didn't, Andreessen Horowitz, Marc Andreessen, Ben Horowitz, Li, she's, Kleiner Perkins, Mamoon Hamid, Andy Chen, Asheem, chatted, we're, that's Organizations: Service, Business, Silicon Graphics, Shanghai University of Finance, Economics, Rensselaer Polytechnic Institute, Carnegie Mellon University, Cisco, Zoom, a16z Locations: a16z, China, New York, San Francisco, AppDynamics, Solvvy

☆ Oil strengthens as fall estimated in U.S. crude inventories
▼ + stars: | 2024-08-14 | by ( ) www.cnbc.com time to read: +2 min

Oil prices climbed on Wednesday on estimates about shrinking U.S. crude and gasoline inventories as the market watched for a possible widening of the Middle Eastern war, which could curtail global oil supplies. U.S. crude oil and gasoline inventories were expected to have fallen last week, while distillate stocks rose, according to market sources, citing American Petroleum Institute data on Tuesday. Gasoline inventories eased by 3.69 million barrels, and distillates rose by 612,000 barrels. A broadening conflict in the region could affect crude supplies from Iran and neighboring producer countries, analysts said, tightening inventories and supporting prices. Keeping oil prices from moving even higher, the International Energy Agency (IEA), meanwhile, kept its 2024 global oil demand growth forecast unchanged on Tuesday but trimmed its 2025 estimate, citing the impact of a weakened Chinese economy on consumption.

Organizations: Brent, . West Texas, American Petroleum Institute, Energy, Administration, U.S . Navy, International Energy Agency Locations: Stanton , Texas, U.S, Iran, Tehran, Israel

☆ The 'crazy' fix for Google's monopoly that investors are whispering about
▼ + stars: | 2024-08-14 | by ( Alistair Barr | ) www.businessinsider.com time to read: +6 min

The idea is that the US would require Google to make its Search index publicly available for anyone to use. AdvertisementBots and indexesA Search index is created by a bot crawling the web and collecting keywords and other information from sites. Related storiesGoogle's Search index is the biggest in the world. The Search index as part of the public commonsWouldn't this be taking something that belongs to Google, though? In the same way Bing powers DuckDuckGo, Google's open index could power other rival search engines that could offer different approaches to Google's search engine.

Persons: —, It's, wouldn't, it's, Amit Mehta's, Bing, DuckDuckGo Organizations: Service, Justice Department, Business, Google, Rivals, Mobile Virtual Network, Verizon, DOJ

☆ North Carolina AG office eyes Elon Musk's pro-Trump PAC after voter data complaint
▼ + stars: | 2024-08-05 | by ( Brian Schwartz | ) www.cnbc.com time to read: +4 min

The America PAC is supporting Republican presidential nominee Donald Trump in the 2024 election against Vice President Kamala Harris, the de facto Democratic nominee. Wheeler alleged America PAC has broken state laws, according to a copy of the complaint reviewed by CNBC. "The America PAC is pretending to be running an online voter registration drive," Wheeler wrote. Representatives for the North Carolina State Board of Elections did not return requests for comment on Wheeler's complaint against America PAC. America PAC has spent over $100,000 on digital advertisements targeting voters in Pennsylvania since early July, according to AdImpact.

Persons: Elon Musk, Chuck Schumer, Donald Trump, Kamala Harris, Musk, Josh Stein, Stein, Jocelyn Benson, Benson's, CNBC's, David Wheeler, Wheeler, Madison Cawthorn, Lauren Boebert, Al Schmidt Organizations: Intelligence, Senate, U.S, Capitol, North Carolina Attorney General's, CNBC, Musk's America PAC, The America PAC, Democratic, SpaceX, PAC, North Carolina, Michigan, Sunday, America PAC, America, North Carolina Board, American, Republican, Rep, Colorado . Representatives, North Carolina State Board, Department Locations: Washington , U.S, America, North Carolina, Michigan, Georgia, Wisconsin, Colorado, Pennsylvania

☆ AI start-up Perplexity launches publisher program
▼ + stars: | 2024-07-30 | 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 EmailAI start-up Perplexity launches publisher programAravind Srinivas, Perplexity co-founder and CEO, joins 'Squawk Box' to discuss the company's launch of its publishers program, which will grant its partners revenue sharing and access to the company's API, issues around AI & copyright, plagiarism claims, and more.

Persons: Aravind Srinivas, Perplexity

Analyst Alex Henderson reiterated his buy rating for the cybersecurity firm but lowered his price target to $375 from $425. JPMorgan analyst Kenneth Worthington attributed a higher assumption for total crypto market cap as one reason for his price target raise. "We see the cryptoecosystem in the midst of a material participation rally, benefitting Coinbase revenue generation near term," the analyst wrote. Analyst Eric Joseph's December 2025 price target of $8 implies a 51% decline ahead for the stock. He also maintained his $725 price target, which implies upside of 15.6% from Monday's close.

Persons: Oppenheimer, Needham, Alex Henderson, CrowdStrike, Henderson, Lisa Kailai Han, Keefe, Bruyette, Meyer Shields, Shields, — Lisa Kailai Han, Kenneth Worthington, JPMorgan downgrades, Eric Joseph's, Joseph, Chipmaker, Simon Coles, Coles, Jason Helfstein, NFLX, Fred Imbert Organizations: CNBC, Barclays, Netflix, Security, Aon, JPMorgan, Sanofi Locations: Woods, Coinbase, China, Monday's

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