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☆ Elon Musk’s dozens of meetings with presidents, prime ministers and political candidates show his growing political influence
▼ + stars: | 2024-10-25 | by ( Clare Duffy | Way Mullery | ) edition.cnn.com time to read: +9 min

New York CNN —Over the past three years, Elon Musk has met dozens of times with presidents, prime ministers, lawmakers, government officials and political candidates from around the world. Other meetings, such as a recent conversation with Argentine President Javier Milei, the world only glimpses through the billionaire’s social media posts. Recently, Musk’s political activism has begun to have a tangible impact on his companies: Brands pulled their advertisements from X, tanking its value. CNN’s analysis also suggests that Musk has, in particular, worked to develop influence among a set of right-leaning world leaders, including Modi, Bolsonaro, Milei and Italian Prime Minister Giorgia Meloni. Now, as he campaigns for Trump, Musk may be setting himself up for his most prominent political role yet: a position in a possible future Trump White House.

Persons: Elon Musk, Benjamin Netanyahu, Javier Milei, Musk, Vladimir Putin, Dmitry Peskov, ”, Ron DeSantis, Robert F, Kennedy, Jr, Donald Trump, Kamala Harris, “ He’s, he’s, James Lewis, it’s, Tesla, “, ” Lewis, “ They’re, Jair, Andrés Manuel López Obrador, Li Qiang, Emmanuel Macron, Recep Tayyip Erdogan, Narendra Modi, William Klepper, you’ve, ” Musk, Modi, Giorgia Meloni, India’s Modi Organizations: New, New York CNN, Argentine, CNN, Wall Street Journal, Putin, Gov, Trump, Center for Strategic, International Studies, Indian, Columbia Business School, Brands, SpaceX, Italian, Elon, Trump White House, Department of Government Locations: New York, Israel, South Africa, United States, Brazil, Nuevo Leon, Shanghai, China, Turkish, California, Italy, India, Argentina, ”

☆ From swimming cars to rectangular steering wheels, here's what's going on at the Paris auto show
▼ + stars: | 2024-10-15 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

PARIS, France — Auto giants have descended on the Paris Motor Show to showcase their latest concepts and production models, jostling to capture the public's attention with eye-catching designs and futuristic technologies. The pressure on European automakers is poised to ratchet up even further next year when emissions-reduction targets come into force. It is hoped that the Paris Motor Show can prove to be something of a turning point for Europe's auto industry, with many rolling out affordable EVs in an attempt to keep up with their Chinese competitors. The automaker welcomed visitors — including French President Emmanuel Macron — to take a close look at its Hypersquare steering wheel. Peugeot said the steering wheel's rectangular shape, which resembles a video game controller, will be in production from 2026.

Persons: Emmanuel Macron — Organizations: France — Auto, Paris, Volkswagen, BMW, Peugeot Locations: PARIS, France

☆ 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

☆ China’s secretive space plane has returned to Earth
▼ + stars: | 2024-09-12 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +9 min

Here’s what we know – and don’t – about China’s space plane. The term “space plane” often evokes NASA’s Space Shuttle, which flew 135 missions from 1981 to 2011, carrying astronauts into orbit and helping to construct the International Space Station. Hulton Archive/Getty ImagesWhat do we know about China’s space plane program? China’s space plane development comes as a growing number of countries are paying attention to the deepening connections between security on Earth and in space – and vying for so-called counterspace technologies with the potential to disrupt or even destroy adversaries’ assets in space. But observers have also raised questions about the activities of the space plane, including its own deployment of multiple small satellites.

Persons: –, “ It’s, Chance Saltzman, NASA's, “, It’s, ”, Juliana Suess, Clayton Swope, Joe Skipper, Brendan Mulvaney Organizations: Hong Kong CNN, Boeing, Xinhua, Shuttle, Space, Space Force, Columbia, NASA's Kennedy Space Center, US Space Shuttle, Hulton, China Aerospace Science, Technology Corporation, Royal United Services Institute, Aerospace Security, Center for Strategic, International Studies, SpaceX, Earth, US Space Force, United, Foundation, China Aerospace Studies Institute, US Air Force Locations: China, Hong Kong, United States, Soviet, “, Florida, Xinjiang, London, Washington

☆ NASA administrator weighs in on China’s historic lunar far side samples — and potential US access
▼ + stars: | 2024-07-01 | by ( Kristin Fisher | ) edition.cnn.com time to read: +7 min

CNN —The government of China now possesses something that no other humans have ever encountered — rocks and soil from the far side of the moon. NASA Administrator Bill Nelson told CNN he’s “pleased to hear CNSA intends to share” the materials collected by the Chang’e-6 lunar probe last month. NASA Administrator Bill Nelson, shown here during a pre-launch news conference on Boeing's first crewed spacecraft, the Boeing Starliner, on May 3, said he's "pleased" China intends to share the lunar far side samples. China opened those samples to international scientists for the first time last August, and Nelson has given NASA-funded researchers the green light to apply for access. TheUS government has not landed a robotic spacecraft on the moon since 1968, but NASA is currently funding the development of lunar landers by private companies through its Commercial Lunar Payload Services, or CLPS program.

Persons: ”, Liu Yunfeng, Bill Nelson, CNN he’s “, CNSA, ” Nelson, he's, Miguel J, Rodriguez Carrillo, Bian Zhigang, Nelson, Artemis, Joel Kowsky, Artemis III, Odie Organizations: CNN, NASA, China National Space Administration, Boeing, AFP, Getty, Federal Bureau of Investigation, Apollo, Soviet, Soviet Union —, “, Beijing, Orion, Kennedy Space Center, NASA NASA, SpaceX, Payload Services, Astrobotic Technologies Locations: China, United States, Beijing, Soviet Union, Nelson, Florida

☆ North Korea's Kim Jong Un could get his hands on some worrying military tech in exchange for throwing Russia a war lifeline
▼ + stars: | 2024-06-26 | by ( Chris Panella | ) www.businessinsider.com time to read: +9 min

Support from North Korea — in the form of weapons and ammunition — helps Russia keep up the pressure. KCNA via REUTERSOne of the biggest asks from Kim could be technology for nuclear-powered submarines, which North Korea is trying to build. North Korea currently maintains one of the world's largest fleets, with estimates ranging from 64 to 86 total subs. Much of the country's stockpiles date back decades, and US and South Korean officials have raised doubts about the effectiveness of these weapons. AdvertisementBut how this plays out is not all about what North Korea wants.

Persons: —, Kim Jong, Kim, Putin, Victor Cha, Kim Jae, Getty Images Putin, Cha, JUNG YEON, Kurt Campbell, There's, Scott Snyder, he's Organizations: Service, Business, Center for Strategic, International Studies, East, SOUTH, Getty Images, North Korea —, KCNA, REUTERS, Korean, Fighter, Korean People's Army, Reuters, Korea's Air Force, North, CSIS, Korea Economic Institute of America Locations: Korea, Ukraine, Moscow, Pyongyang, Russia, Asia, East Asia, North Korea, SEOUL, SOUTH KOREA, Yongsan, Seoul, Russian, South Korea

Opinion Guest Essay Why the Pandemic Probably Started in a Lab, in 5 Key Points Illustration by Mike McQuade. Here’s what we now know:1 The SARS-like virus that caused the pandemic emerged in Wuhan, the city where the world’s foremost research lab for SARS-like viruses is located. Wuhan China Taiwan Laos South China Sea Thailand The pandemic started roughly 1,000 miles away, in Wuhan, home to the world’s foremost SARS-like virus research lab. Wuhan China East China Sea india Taiwan Myanmar Laos South China Sea philippines Thailand The pandemic started roughly 1,000 miles away, in Wuhan, home to the world’s foremost SARS-like virus research lab. In the United States, virologists generally use stricter Biosafety Level 3 protocols when working with SARS-like viruses.

Persons: Mike McQuade, Anthony Fauci, —, Shi Zhengli, Shi’s, Sarah Temmam et, Shi, coronavirus, EcoHealth, Peter Daszak, Biden, Daszak, Baric, Jesse Bloom, Fauci Organizations: Getty Images, National Institute of Allergy, Wuhan Institute of Virology, China East China, U.S, New York, Facebook Locations: United States, Wuhan, China, Yunnan, Southeast Asia, Laos, Yunnan province Taiwan Laos, Laos South China, Thailand, China East China, Taiwan Myanmar Laos South China, Laos philippines Thailand, Taiwan Laos South China, China East, philippines Thailand, Wuhan China Taiwan Laos South China, Wuhan China East China, China Wuhan East China, Covid, MERS

☆ Portfolio manager names 3 under-the-radar growth stocks to buy right now
▼ + stars: | 2024-05-10 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

One investor says growth stocks still offer opportunities — but it's time to get selective. "Growth stocks will continue to outperform value stocks, generally speaking. Growth stocks are expected to grow rapidly, but do not pay out dividends and are often often more expensive than so-called value stocks. When considering which stocks to buy, Coons stressed the importance of valuations. "I would stay away from growth stocks outperforming because of story and invest in those with real revenue and earnings growth."

Persons: Adam Coons, Coons, PayPal Holdings Coons, " Coons, Moody's Organizations: Winthrop Capital Management, CNBC Pro, PayPal Holdings, PayPal, C Technologies, SS Locations: Coons

☆ Consumers may soon get access to a share of $8.8 billion in Inflation Reduction Act home energy rebates
▼ + stars: | 2024-04-22 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

The IRA splits $8.8 billion in total rebate funding between two programs: the Home Efficiency Rebates program and the Home Electrification and Appliance Rebates program. The Home Electrification and Appliance Rebates program The Home Electrification and Appliance Rebates program pays consumers a maximum amount of money for buying specific technologies and services, Saul Rinaldi said. Home Efficiency Rebates program Conversely, the Home Efficiency Rebates program is technology-neutral, Saul Rinaldi said. Larger rebates flow to those who cut more energy, Saul Rinaldi said. In this way, the Home Efficiency Rebate's value can technically exceed that of the Home Electrification and Appliance Rebates program, Zelmar said.

Persons: Zelmar, Jan, Biden, Kara Saul Rinaldi, Saul Rinaldi Organizations: Energy Department, AnnDyl, U.S . Department of Housing, Urban Locations: Arizona , California , Colorado , Georgia, Hawaii , Indiana , Minnesota , New Hampshire , New Mexico , Oregon, Washington, Georgia, Oregon , Indiana, New Mexico

☆ The security pact between the US, UK, and Australia could be expanding, and it's got China worried
▼ + stars: | 2024-04-09 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +4 min

China said it is "gravely concerned" over reports that Japan could join the AUKUS security pact. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementChina's foreign ministry said it is "gravely concerned" over reports that Japan could join AUKUS, a security and defense pact between Australia, the UK, and the US. Japan needs to earnestly draw lessons from history and stay prudent on military and security issues," she added. Speaking at a news conference on Tuesday, Australia Prime Minister Anthony Albanese clarified that working with Japan wouldn't signal recruitment.

Persons: —, wasn't, Pilar, Aukus, Biden, Fumio Kishida, Mao Ning, Anthony Albanese, " Albanese, nothing's, There's Organizations: Service, US, Japan, White, China Morning Post, US Naval, Forbes, Australia, Reuters Locations: China, Japan, Australia

☆ This new 'blended-wing' plane looks like a military stealth bomber and just got the green light to fly after decades of development
▼ + stars: | 2024-04-06 | by ( Taylor Rains | ) www.businessinsider.com time to read: +7 min

California aerospace startup JetZero got the green light to fly its new "Pathfinder" aircraft. The composite technology makes this new load bearing possible, Bragg told BI. "The product is essentially a new airframe and flight controls married to existing systems already certified for commercial flight," JetZero told BI. And most of those 200+ passengers would be in the middle section without a window, which Bragg told BI could put off travelers. Later, American aircraft industrialist and designer Jack Northrop built his famous "Flying Wing" aircraft in the 1940s, laying the framework for the eventual B-2 bomber.

Persons: JetZero, —, Tom O'Leary, Bailey Miles, AviationValues, Michael Bragg, Bragg, Douglas, it's, Jack Northrop, McDonnell Douglas, BWBs Organizations: Service, Aerospace, Federal Aviation Administration, CNN, Business, FAA, Boeing, US Air Force, Pathfinder, University of Illinois, Douglas DC, Airbus, Engineers, USAF, Getty Images Development, MD's, NASA Locations: California

☆ North Korea Missile Test Hints at Greater Menace to U.S. Bases
▼ + stars: | 2024-04-01 | by ( Choe Sang-Hun | ) www.nytimes.com time to read: +1 min

North Korea launched an intermediate-range ballistic missile off its east coast on Tuesday, an indication that the country was continuing to develop missiles capable of targeting American military bases in the Western Pacific. The missile, launched from near Pyongyang, the capital of North Korea, did not fly over Japan, as have some of the IRBMs that North Korea has launched in the past. Instead, it fell in waters between the two countries after flying for 372 miles, the South Korean military said. South Korean and American officials were analyzing data collected from the test to learn more about the missile, the military said. Last month, North Korea said it had tested one such engine on the ground.

Organizations: Western Pacific, South Korean Locations: Korea, Western, Pyongyang, North Korea, Japan, United States

☆ This unique energy stock is a 'grand slam' for investors, according to Benchmark
▼ + stars: | 2024-04-01 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

The oilfield services company TechnipFMC has become a "grand slam" for investors after its stock broke out to multi-year highs and recently topped a $10 billion market value, according to Benchmark. "In baseball terms, this is a Grand Slam with the stock hitting the screens of momentum, value, large cap, and income investors," analyst Kurt Hallead told clients in a note Monday. It is also involved in emerging areas such as carbon capture and storage that are important for the energy transition. The oil industry is investing in carbon capture technology as a way to reduce emissions for heavy industries that are hard to decarbonize. Rystad Energy puts the total addressable market for carbon capture and storage (CCS) at $270 billion, Benchmark said.

Persons: TechnipFMC, Kurt Hallead, Hallead, — CNBC's Michael Bloom Organizations: FMC Technologies, Rystad Energy, CCS Locations: Technip, France, North

☆ 6 things you should never do in a job interview — and what to say instead, according to recruiters
▼ + stars: | 2024-04-01 | by ( Ella Hopkins | ) www.businessinsider.com time to read: +6 min

They shared the biggest red flags they see and what candidates should say instead. "Employers and interviewers are specifically trained not to ask questions around candidates' family or financial situation, so it's best not to bring it up," he said. Revealing that you don't have other job options could give potential employers a reason to lower your salary, he said. They'd often ask candidates problem-solving questions with three or four layers. AdvertisementDe Leo said the best candidates don't always give a classroom answer, but they can show their approach to a problem step-by-step.

Persons: —, Maya Wald, you've, Wald, Matt Opramolla, Carter De Leo, De Leo, Bonnie Dilber, you'd, Chris Williams, Williams, Nolan, they'd Organizations: Service, Business, Google, Employers, Microsoft

☆ Ransomware group Blackcat is behind cyberattack on UnitedHealth division, company says
▼ + stars: | 2024-02-29 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +4 min

Traders work at the post where UnitedHealth Group is traded on the floor of the New York Stock Exchange. The company said it's working with Mandiant, which is owned by Google , and cybersecurity software vendor Palo Alto Networks . In a since-deleted post on the dark web, Blackcat said Wednesday that it was behind the attack on Change Healthcare's systems. Change's parent company UnitedHealth Group said it discovered that a cyber threat actor breached part of the unit's information technology network on Feb. 21, according to a filing with the SEC. Brett Callow, a threat analyst at the cybersecurity company Emsisoft, said ransomware groups will often make posts like these in an effort to bring victims to the negotiating table.

Persons: that's, Blackcat, Brett Callow, Emsisoft, Callow, they're, UnitedHealth, John Riggi, Riggi Organizations: New York Stock Exchange, Healthcare, CNBC, Google, Palo Alto Networks, UnitedHealth, SEC, U.S . Department of Justice, Change Healthcare, American Hospital Association Locations: U.S

☆ Outages from cyberattack at UnitedHealth's Change Healthcare extend to seventh day as pharmacies deploy workarounds
▼ + stars: | 2024-02-27 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +7 min

Change Healthcare's systems are down for the seventh day after a cyber threat actor gained access to its network last week. Change Healthcare offers tools for payment and revenue cycle management, and its system outages have disrupted operations in pharmacies and health systems across the country. Change Healthcare merged with Optum in 2022. Rising number of health-care cyberattacksThe attack on Change Healthcare comes after 2023 set a grim record for health-related cybercrime. Impact of Change Healthcare's breachUnitedHealth has not specifically disclosed exactly which Change Healthcare systems have been affected, but the fallout from the cyberattack has caused a ripple of problems across the U.S. health-care system.

Persons: UnitedHealth, John Riggi, Riggi, Cliff Steinhauer, Steinhauer, Cary Brazeman, Brazeman, hadn't Organizations: New York Stock Exchange, UnitedHealth Group, U.S . Securities, Exchange, Change Healthcare, Change, Optum, Healthcare, Palo Alto Networks, Google, CNBC, American Hospital Association, National Cybersecurity Alliance, CVS Health, Walgreens Locations: U.S, Palm Springs

☆ Google quietly launches internal AI model named 'Goose' to help employees write code faster, leaked documents show
▼ + stars: | 2024-02-14 | by ( Hugh Langley | ) www.businessinsider.com time to read: +4 min

It is designed to assist with building new products, according to internal documents reviewed by Business Insider. “It can answer questions around Google-specific technologies, write code using internal tech stacks and supports novel capabilities such as editing code based on natural language prompts,” an internal summary of Goose reads. The documents note that the creation of Goose was a collaborative effort between Google Brain, DeepMind, and Google's internal infrastructure teams. And Goose isn't the only example of Google using AI to be more efficient. AdvertisementAnd if Googlers have specific development questions while using Goose, they're encouraged to turn to the company's internal chatbot, named Duckie.

Persons: —, it’s, Gemini, “, Ruth Porat, Goose, TKTKTK Goose, DeepMind, ”, Philipp Schindler, Business Insider’s, they're Organizations: Service, Business, Google, Microsoft

☆ AI researcher Joy Buolamwini cautions that if AI systems fail people of color, they fail humanity
▼ + stars: | 2024-02-08 | by ( Monica Melton | ) www.businessinsider.com time to read: +17 min

We’re growing some teeth as to what can be done with AI, but we also see where there’s progress, there’s attack. One of the things I like to point out with AI systems is that if your AI systems fail on people of color, you don’t have a robust system. If your AI doesn’t work on the global majority, if your AI doesn’t work for women, if your AI doesn’t work for people with disabilities, once you start expanding all of the areas we’re talking about, it comes to your AI doesn’t work for humanity. To me, that’s a proactive approach of saying, how do we build consumer AI technology in a way that’s more ethical? I was talking to Sam Altman about the climate impact of AI, especially these large language models and generative AI systems.

Persons: Joe Biden, Joy Buolamwini, Buolamwini, It’s, ”, we’ve, it’s, I’ve, there’s, We’ve, you’re, aren’t, Simone Biles, Biden, Sam Altman, Olay, we’re, There’s, We’re, that’s Organizations: Service, League, Business, Federal Trade Commission, Procter, Gamble, Big Tech Locations: Davos

☆ Companies that use AI to replace workers will ultimately lose, Stanford University professor says
▼ + stars: | 2024-01-17 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Read previewCompanies are racing to deploy AI in the workplace but one Stanford University professor said the technology should be used to "complement people" rather than replace them altogether. Brynjolfsson explained that savvy companies will use AI in conjunction with workers because some tasks are better completed by humans and others by machines. Related storiesSome companies have been laying off workers as they implement AI. Some workers are naturally concerned about whether AI is coming for their jobs as the hype around the technology continues. Two CEOs working on new robotic technologies echoed Brynjolfsson's point, telling Business Insider that workers don't need to fear that AI will replace them.

Persons: —, Erik Brynjolfsson, Brynjolfsson, We're Organizations: Service, Stanford University, Business, Stanford Digital Economy Lab, Economic, Deloitte Locations: Davos

But industry experts say governments need to offer incentives for companies to bring sustainable AC technologies to market and scale up. Removing humidity requires cooling air to the point at which water vapour becomes a liquid to be drained. This inability to get rid of humidity without first cooling the air makes conventional ACs less efficient. The company's AC prototype uses these materials to dry out air, aiming to produce fewer emissions than traditional ACs. More than 1 billion people living in warm climates still lack access to cooling, according to nonprofit Sustainable Energy for All.

Persons: Pedro Rodriguez, Susana Vera, We've, Lily Riahi, Riahi, Sorin Grama, Grama, Gree, Daikin, Miki Yamanaka, Larissa Gross, UNEP's Riahi, Baolong Wang, Wang, Xavier Moya, Gloria Dickie, Katy Daigle, Simon Jessop, Josie Kao Organizations: Puerta del, REUTERS, Rights, International Energy Agency, United Nations Environment Programme's, Cool Coalition, Massachusetts Institute of Technology, Daikin's Global Environment Center, Sustainable Energy, Tsinghua University, University of Cambridge, Reuters, Thomson Locations: Puerta del Sol, Madrid, Spain, Seville, Europe, Spanish, Beijing, Indonesia, Britain, U.S

☆ UBS says these software stocks can maximize AI, have 30% upside
▼ + stars: | 2023-11-07 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

The price target on three of those names implies upside of 30% or more. "Rate-fueled multiple compression offers investors opportunistic entry into high-quality, mission critical software businesses with TAMs [total addressable markets] growing low double-digits," analyst Kevin McVeigh wrote. Cloud-based software provider Intapp could also have more than 30% upside despite rallying 43% year to date, according to McVeigh. "We see a well-positioned, predictable model, coupled with constructive fundamentals positioned for core consistent 4-7% organic revenue growth," the analyst wrote. McVeigh also included Thomson Reuters on his list of buy-rated names, although he only sees 18% upside for the stock.

Persons: Kevin McVeigh, McVeigh, — CNBC's Michael Bloom Organizations: UBS, Clearwater Analytics, C Technologies, Thomson Reuters, Nvidia

☆ Forget the megacaps. Bernstein likes these global stocks from an 'unloved' corner of tech
▼ + stars: | 2023-10-31 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

"Going forward, we still find valuation/earnings support for value tech stocks over growth or expensive tech names," the analysts wrote. "We would recommend avoiding expensive tech names as well as tech stocks that are unprofitable and expected to remain unprofitable." These are some names in its screen of value Asia tech stocks: MediaTek , JD.com , Lenovo Group , Foxconn Technology and Samsung SDS. And these are some of those that showed up on its screen of high-growth Asia tech stocks: Naver , SK Hynix , AAC Technologies , Luxshare and Kakao Games. On the whole, Bernstein is relatively positive on the Asia tech sector.

Persons: they're, Bernstein, we've, — CNBC's Michael Bloom Organizations: Stock, Lenovo Group, Foxconn Technology, Samsung SDS, SK Hynix, AAC Technologies, Kakao Locations: Asia, China, U.S

A view of a Nvidia logo at their headquarters in Taipei, Taiwan May 31, 2023. U.S. officials asked for input in devising a "tamperproof" way to keep systems that might contain up to 256 AI chips from being strung together into a supercomputer. The other primary gift that U.S. officials gave Nvidia, Intel and AMD was hobbling their most capable Chinese competitors. New rules will make it nearly impossible for Moore Threads and Biren, two well-funded Chinese startups founded by Nvidia veterans, to have their designs manufactured using cutting-edge chipmaking technology. That means whatever Nvidia is able to sell to China will likely be Chinese buyers' best legal option.

Persons: Ann Wang, ChatGPT, Thomas Krueger, They're, Moore, Piper Sandler, Dan Hutcheson, Japan's, Clete Willems, Akin Gump, Gregory Allen, David Kanter, Stephen Nellis, Max A, Kenneth Li, Jamie Freed Organizations: REUTERS, FRANCISCO, Biden, Nvidia, Intel, Devices, U.S . Bureau of Industry and Security, U.S . National Security Council, BIS, AMD, Japan's Nikon, U.S, Center for Strategic, International Studies, Real, Thomson Locations: Taipei, Taiwan, China, U.S, Netherlands, Japan, San Francisco

☆ Choppy waters as Europe navigates China-US rivalry
▼ + stars: | 2023-10-04 | by ( Mark John | ) www.reuters.com time to read: +6 min

The fracturing of the rules and bonds tying the global economy together - so-called "geo-economic fragmentation" - seemed implausible only a few years ago. Nowhere is it more pressing than for Europe, whose wealth has always relied on trade, from its rapacious colonial history through to its reinvention as self-styled champion of WTO rules. Both the United States and Europe have been hardening their stance towards Beijing while stressing the rules of world trade must be fairly applied. The main EU concern is that the U.S. proposals could break WTO rules by discriminating against third parties. "And we really hope ... that after the election in the United States this is going to continue."

Persons: Jon Nazca, Gordon Brown, Brown, Brad Setser, Biden, Joe Biden, Donald Trump, Trump, Wang Huiyao, Petra Sigmund, Philip Blenkinsop, Joe Cash, Belen Carreno, Mark John, Catherine Evans Organizations: Triple, Majestic, APM, REUTERS, Trade Organization, USA, International Monetary, European, Reuters, for, Thomson Locations: Algeciras, Spain, China, Europe, America, American, United States, Moroccan, Marrakech, Beijing, Washington, Brussels, U.S, EU, for China, IMF, Madrid

In the sports world, betting and gambling startups have started the last two years raising fewer and fewer funding dollars. While funding is harder to come by, startups are also facing changes in the world of sports business and technology. Insider recently released a list of the top VCs investing in sports and asked their founders, CEOs, partners, and directors what they would tell startups trying to break through. Chris GroveKey investments: Acies Investments and EKG Ventures are focused on sports, gambling, and technology. When we invest in a tech company, we have four criteria.

Persons: Tom Loverro, Cole Van Nice, Chris Grove, Chris, you've, There's, Courtside, Tom Brady, Michael Strahan's, Meredith McPherron, Alex Rodriguez, Topgolf Callaway, Brad Farkas, Steve Ahern, Lance Dietz, Craig Thompson, Michael Proman, Proman, Wayne Kimmel, SeventySix, It's, Lloyd Danzig, Sharp Organizations: Elysian Park, Acies Investments, EKG Ventures, Courtside Ventures, of Sports, Elysian Park Ventures, Club, Kinetics, PGA of America, HBSE Ventures, KB Partners, Mindspring, Scrum Ventures, Ventures, Japanese, Boom Entertainment, SeventySix, Vegas Sports Information, Inc, Entrepreneurs, Sharp Alpha Advisors Locations: Chris Grove, Chicago

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