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☆ Here are Tuesday's biggest analyst calls: Nvidia, Apple, Tesla, Meta, Snowflake, Walmart, Wells Fargo, Alphabet & more
▼ + stars: | 2024-11-12 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Tuesday's biggest calls on Wall Street: Loop initiates NXP Semiconductor as buy The firm said it's bullish on the semiconductor company. Morgan Stanley reiterates Walmart as overweight Morgan Stanley raised its price target on the stock to $89 per share from $82 ahead of earnings next week. Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it's sticking with the stock heading into a Trump administration. Morgan Stanley upgrades International Flavors to overweight from equal weight Morgan Stanley said in its upgrade of International Flavors that the fragrance and spice company is undervalued. Morgan Stanley upgrades Viking to overweight from equal weight Morgan Stanley said it sees an attractive entry point for the cruise company.

Persons: it's bullish, NXPI, Mizuho, it's, Morgan Stanley, WMT, Tesla, VIK, Redburn, Ross, Robinson, Wells, Bristol Myers, MoffettNathanson, D.A, Davidson, Snowflake Organizations: Semiconductor, NXP Semiconductor, Nvidia, Mizuho, TAM, 4Q, Citi, Deutsche Bank, Deutsche, " Bank of America, & Co, Bank of America, Apple Locations: eCommerce, VIK, OW, Wells Fargo, Bristol

☆ London startup Agemo has exited stealth. Now, it's building AI reasoning for software to take on Poolside and Magic.
▼ + stars: | 2024-11-12 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +7 min

Agemo has exited stealth with $4 million to build AI that turns text prompts into software. Essentially, this required them to train their AI models to reason like a team of engineers. Agemo finds itself up against the likes of Poolside, which raised $500 million in October, and Magic, which raised $320 million in August. To combat this problem, Agemo is building AI systems that can "reason" in software. AdvertisementEurope's answer to Poolside and MagicTo differentiate it from competitors such as Poolside and Magic, the startup says it has developed a neurosymbolic AI system for software reasoning.

Persons: Agemo, Aymeric Zhuo, Osman Ramadan, —, IBM's Jonathan Adashek, Mehdi Ghissassi, Olivier Pomel, Zhuo, Ramadan, ChatGPT, we've, We've Organizations: Service, Firstminute Capital, Mistral, Fly Ventures, Cambridge University, Microsoft, Activision, BI Locations: DeepMind, OpenAI, Sudan, London, Europe, Bay

After the viral sensation that was New York City’s Timothée Chalamet look-alike contest, the South Asian guys of the Bay Area also heard their siren call. On Sunday, a Dev Patel look-alike competition drew hundreds of people to San Fransisco’s Dolores Park. “Shoutout to all the Dev Patel look-alikes,” Hundal said in a speech following his win. “If the real Dev Patel shows up, I don’t know who would win, me or him.”Two men attend the Dev Patel lookalike competition on Sunday in San Fransisco. In the South Asian community, excitement is brewing over a Zayn Malik look-alike competition set for Nov. 17 in Brooklyn.

Persons: Dev Patel, Dolores, Millionaire, Jaipreet Hundal, “ Shoutout, ” Hundal, ”, Patel, Sitara Bellam, Tasnim Khandakar, “, ” Bellum, ” Khandakar, Harry Styles, Paul Mescal, Malik, “ I’m Organizations: South, NBC News, NBC, San Francisco Bay Area Locations: New York, San, Jose, San Fransisco, British, Berkeley, U.S, San Francisco Bay, London, Irish, Dublin, Brooklyn, fangirls, Hundal

☆ Anna Kendrick says she had to pitch herself twice to direct Netflix hit 'Woman of the Hour' because she wasn't confident enough the first time
▼ + stars: | 2024-10-24 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +4 min

Anna Kendrick made her directorial debut with Netflix's new true crime movie, "Woman of the Hour." She told "The Late Show" that she was "beyond terrified" when she first pitched to direct the film. "Woman of the Hour" is Netflix's latest true crime thriller. The producers wanted someone with experience as they planned to start shooting soon, but Kendrick told Colbert she had other ideas. "It was a fascinating example of just how phony Hollywood is because then I did it again the next day," Kendrick continued.

Persons: Anna Kendrick, —, Anna Kendrick's, Stephen Colbert, Jeffrey Dahmer, Anna, Kendrick, Colbert, We're, Chris Pine, Dev Patel, Jerry Seinfeld, Michael B, Jordan, let's, Leah Gallo, Netflix Kendrick, Let's, Michelle Obama, Tom Hanks, Valerie Young, Young Organizations: Service, Netflix

☆ Generative AI startups get 40% of all VC investment in cloud amid ChatGPT buzz
▼ + stars: | 2024-10-16 | by ( Ryan Browne | ) www.cnbc.com time to read: +5 min

Cloud startups raised $62.5 billion in Europe, Israel and the U.S. in 2023, the report found. Funding is up 65% from the $47.9 billion cloud firms raised four years ago, according to Accel. AI is eating softwareMuch of the growth of funding in cloud is being driven by excitement around AI. Globally, companies building so-called foundational models, which power much of today's generative AI tools, account for two thirds of overall funding for generative AI firms, Accel said. Big Tech's AI splurgeThe U.S. took the lead globally in terms of overall regional generative AI investment raised.

Persons: OpenAI, ChatGPT, Philippe Botteri, Botteri, Accel's, Anthropic, Elon Musk's xAI, Britain's, France's Mistral, Accel, Dev Ittycheria, Ittycheria Organizations: Accel, Venture, Microsoft, CNBC, Accel —, Nasdaq, Alpha, Google Locations: U.S, Europe, Israel, genAI

☆ Access to capital will profoundly impact the performance of AI models: MongoDB CEO Dev Ittycheria
▼ + stars: | 2024-10-15 | 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 EmailAccess to capital will profoundly impact the performance of AI models: MongoDB CEO Dev IttycheriaMongoDB CEO and president Dev Ittycheria joins 'Squawk Box' to discuss the origins of the company, transforming the New York City tech landscape, his thoughts on remote work, impact of AI technology, and more.

Persons: Dev Ittycheria Organizations: New York Locations: New York City

☆ I'm on day 14 without social media—here’s what I miss the most
▼ + stars: | 2024-10-04 | by ( Renée Onque | ) www.cnbc.com time to read: +4 min

But there are some things about social media that I miss. My experience without social media has been much the same. But now that I'm away from social media, I've found myself learning about current events much later than everybody else. Daily interactions with my social media friendsMost of us have acquaintances that we connect with on social media and not anywhere else. I still plan to stay off of social media for another week, and I'm not counting down the days.

Persons: Liu, Weiting Liu, I've, I'd, Get Organizations: CNBC

☆ Before and after satellite photos show Hurricane Helene's destruction of the Florida coast
▼ + stars: | 2024-10-01 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +6 min

In addition to Florida, Hurricane Helene caused widespread destruction across several states. Google, Airbus/NOAA Remote Sensing DivisionLate Thursday evening, NOAA's GOES East satellite captured the storm making landfall near Perry in northwest Florida. AdvertisementKeaton Beach is just a 30 minutes drive south from where Hurricane Helene made landfall. Google, Airbus/NOAA Remote Sensing DivisionAs of Tuesday, more than 49,000 people in Florida were still out of power, according to the state government. Advertisement"This has been an unprecedented storm that has hit western North Carolina," North Carolina Gov.

Persons: Florida , Hurricane Helene, —, Helene, Keaton, hasn't, Hurricane Helene, Susan Scoggins, Maples, Shaday Collins, Melissa Sue Gerrits, Dev Niyogi, Roy Cooper, Deanne Criswell Organizations: NOAA, Service, National Oceanic, Atmospheric Administration, Google, Airbus, WCTV, Associated Press, Georgia Public Broadcasting, University of Texas, Austin, New York Times, North Carolina Gov, Asheville, The Washington Post, FEMA, CNN Locations: Florida's, Florida , Hurricane, Florida, Perry, Taylor County, Florida's Big Bend, Fish, Fish Creek, Hurricane, Georgia, North Carolina, South Carolina, Cedar Island, Burnsville , North Carolina, Asheville , North Carolina, Augusta , Georgia, Augusta, Tahoe

☆ I'm ditching social media for a bit. Experts agree disconnecting will be beneficial: 'Silence is a secret weapon'
▼ + stars: | 2024-09-24 | by ( Renée Onque | ) www.cnbc.com time to read: +4 min

Five days ago, I did something revolutionary for a Gen Zer: I deleted all the social media apps from my phone. Social media dependency is a real problem, recent data shows. So much of my free time throughout the day was consumed by mindless scrolling on the social media platform X and Instagram. Disconnecting allows time for a self-auditGoing on a 30-day silent retreat is a much greater challenge than ditching social media for a few days. One commonality between social media detoxes and silent retreats is that Jerjian and Liu also weren't able to access social media during the retreats — where the use of phones wasn't allowed outside of emergencies.

Persons: George Jerjian, Weiting Liu, Arc.Dev, Liu, Jerjian, He's, It's Organizations: CNBC

☆ 2 friends quit their healthcare jobs to run a dating-app startup. Here's how they scaled to 60,000 users.
▼ + stars: | 2024-09-04 | by ( Dan Latu | ) www.businessinsider.com time to read: +7 min

This as-told-to essay is based on a conversation with Julie Griggs and Danielle Dietzek, the founders of the dating app Fourplay. Over 30 guys in the first week told us this was so much fun and a better way to date. And from there, we Googled how to get an app started. And if you keep going, your app is going to totally break." I was still working as a PA and got a text from friends saying to turn on the show.

Persons: Julie Griggs, Danielle Dietzek, Griggs, Julie, Danielle, it's, iMessage, Mark Cuban, I've, We've, they've, we'd, Kelly, Ryan Organizations: Service, YouTube Locations: WhatsApp

☆ MongoDB shares surge as high as 16% on guidance boost
▼ + stars: | 2024-08-29 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

MongoDB shares jumped as much as 16% in extended trading Thursday after the database software maker reported healthy fiscal second-quarter earnings and pushed up full-year guidance. With respect to guidance, MongoDB called for fiscal third-quarter adjusted earnings of 65 cents to 68 cents per share on $493.0 million to $497.0 million in revenue. MongoDB now sees $2.33 to $2.47 per share in adjusted earnings, with $1.92 billion to $1.93 billion in revenue. That's up from the May guidance of $2.15 to $2.30 in adjusted earnings per share and $1.88 billion to $1.90 billion in revenue. Analysts had predicted $2.26 per share in adjusted earnings, along with $1.90 billion in revenue.

Persons: Dev Ittycheria, Ittycheria, Ash Kulkarni, MongoDB, LSEG Organizations: Management nudged

☆ Nvidia is on an acquisition spree even as regulatory scrutiny heats up and AI M&A cools
▼ + stars: | 2024-08-05 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +5 min

According to public announcements, the firm has made four acquisition deals so far in 2024, exactly even with Nvidia's 2020 deal total. Nvidia declined to discuss its acquisition strategy for this report, citing a quiet period before it announces earnings on August 28. In May, Nvidia agreed to acquire Deci AI, another Israeli startup that makes tools for developers to build AI models, for $300 million. In July Nvidia competitor AMD announced an agreement to acquire Silo AI, a Finnish AI startup, for $655 million. And this quiet trickle of deals in various forms is unlikely to stop since the market for AI talent is so tight.

Persons: —, Nader Khalil, Colette Kress, Kress, it's, OpenAI, Paul Baier, GAI, Baier, Umesh Pavdal, Thomvest Organizations: Service, Nvidia, Microsoft, Department of Justice, Federal Trade Commission, Business, ARM, Softbank, Politico, Shoreline, LinkedIn, Citi Global, DOJ, FTC, Amazon, AMD, Silo Locations: Israeli, California, San Francisco, Finnish

☆ Every M. Night Shyamalan movie, ranked according to critics
▼ + stars: | 2024-08-02 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +1 min

Shyamalan's biggest cinematic failure was "The Last Airbender," an adaptation of a beloved animated series. Together, with Katara (Nicola Peltz Beckham) and Sokka (Jackson Rathbone), Aang fends off enemies, including Prince Zuko (Dev Patel), seeking to control and harness his powers. While the film's source material is generally considered one of the best animated series of the 2000s, M. Night Shyamalan's adaptation was derided as a boring, slow-moving mess that woefully underutilized Patel, a talented performer who had catapulted to stardom two years earlier with "Slumdog Millionaire." "It is incredible how awful the once feted director M. Night Shyamalan has become and how he is still allowed to make big-budget films," wrote The Guardian's Peter Bradshaw. "I didn't think it was possible for him to make something worse than his 'Lady in the Water' or 'The Happening.'

Persons: Noah Ringer, Katara, Nicola Peltz Beckham, Jackson Rathbone, Aang fends, Prince Zuko, Dev Patel, underutilized Patel, Peter Bradshaw Organizations: Paramount Pictures

☆ Female comedians are flipping the script on what they wear to perform
▼ + stars: | 2024-07-29 | by ( Leah Dolan | ) edition.cnn.com time to read: +10 min

CNN —Close your eyes and imagine a stand-up comedian. Today, female comics are more likely to be seen in vintage Versace, Gucci or Alessandra Rich than a denim button-down. To the uninitiated, Barone wore a sparkly silver dress. Dev Bowman“For a long time, female comedians were pressured into dressing like their male counterparts,” said Barone. “I don’t want it to seem like I’m saying I’m the first person to ever wear a dress to do stand up comedy,” she said.

Persons: Versace, Gucci, Alessandra Rich, ” Ziwe, George Santos, Jean Paul Gautlier, Ayo Edibiri, —, Loewe, Thom Browne, Rachel Sennott, Maya Rudolph, Mary Beth Barone, Barone, Kate Moss, Naomi Campbell, Moss, “, Instagram, Barone nodded, ” Barone, Jimmy Fallon, Tom Ford, De, Dave Benett, Sidewalkkilla Barone, Todd Owyoung, Britney Spears, Mary, Kate, Ashley Olsen, Paris, Mary Beth Barone Cat Cohen, ”, ’ ”, Cohen, Kelsely Randall, Chloe, Halle Bailey, Kelsey, aren’t, Phyllis Diller, Jean Carroll, Joan Rivers, Rivers, Midge Maisel, Maisel, Catherine Cohen, Dev Bowman, ” Cohen, ” Margaret Cho —, Betsy Johnson, Todd Oldham, Gemma Kong, Andrew Dice Clay, Louis C.K, ” Cho, ” Margaret Cho, Jay Leno, Margaret Norton, Cho, Ron Galella, Karen Kilgarriff, Janeane Garofalo, Kim Gordon’s, Janeane, Karen, Harry Styles, Forbes earnt Styles, Edebiri, It’s, ” Barone —, Dior Organizations: CNN, YouTube, Sydney, De Beers, NBC, Paris Hilton, Netflix, Globe, MTV, Hollywood Locations: New York, LA

☆ ‘Race to Survive: New Zealand’: US reality show contestant kills and eats protected bird
▼ + stars: | 2024-07-24 | by ( Lex Harvey | ) edition.cnn.com time to read: +3 min

CNN —A reality show contestant who killed and ate a protected bird has been let off with a warning after New Zealand wildlife officials said cast members were tired, hungry and placed in a “unique” situation. Spencer “Corry” Jones, an American white water river guide, killed and ate the large, flightless weka during filming of “Race to Survive: New Zealand” last fall, CNN affiliate RNZ reported Tuesday. Swain said the producers of “Race to Survive” had a permit to film on public conservation land and were aware that protected species and plants could not be harvested or eaten. In a statement, “Race to Survive” production said it alerted authorities as soon as they became aware of the weka incident. New Zealand has a plethora of unique flora and fauna due to its long geological isolation from the supercontinent Gondwana, according to independent conservation organization Forest and Bird.

Persons: Spencer “ Corry ” Jones, Jones, RNZ, Oliver Dev, –, ”, Dylan Swain, ” Spencer, Corry, Brian Finestone, “, Swain, ” Jones, Dev Organizations: CNN, Zealand ”, RNZ, International Union for Conservation, USA Network, New Zealand’s Department of Conservation, USA Locations: New Zealand, American, Zealand

☆ Janet Jackson really, but politely, dislikes doing interviews: ‘Please stop asking me questions’
▼ + stars: | 2024-07-19 | by ( Lisa Respers France | ) edition.cnn.com time to read: 1 min

CNN —Janet Jackson loves performing. During an interview with the radio program “Heart Evenings with Dev Griffin,” the topic of being interviewed came up and Jackson made clear her feelings. “I don’t mean to be rude, but I have to be honest with you,” she said. “Please stop asking me questions.”“I’ve never thought I give a good interview,” Jackson explained. She is currently on the North American portion of her “Together Again Tour,” which heads to Europe in September.

Persons: Janet Jackson, Dev Griffin, Jackson, “, ”, ” “ I’ve, ” Jackson, that’s Organizations: CNN Locations: Europe

☆ Ultra-high-net-worth investors are betting on 2 key sectors right now, and both can be purchased as ETFs, according to a global family office
▼ + stars: | 2024-06-28 | by ( Laila Maidan | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Despite the overly concentrated market that's piled into mega-cap technology stocks, the bulk of gains are still coming from that sector. While some investors fear that part of the market is too rich, they also aren't sure where else to find their gains. "So looking forward, we're somewhat concerned about the concentration right now in the market with the tech sector of the S&P, which is up 15%; the tech sector is up 27%". You want to ensure broad exposure to infrastructure, which means looking for an ETF that holds the sector's biggest names.

Persons: —, Mimi Duff, Duff, we're, it's, there's Organizations: Service, GenTrust's, Business, Infrastructure Investment, Jobs, Dev, Infrastructure, International Energy Agency Locations: York, Washington, Maryland

☆ Inside Europe's tech hubs: France's AI push puts it on the rise
▼ + stars: | 2024-06-27 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +31 min

Brimming with entrepreneurs and around 1,000 startup companies, it embodies France's exciting tech industry. So if you could rank Europe's tech hubs, what would be your top three? But I'm really excited about Lisbon actually, I know the Mayor of Lisbon pretty well, have been hearing really positive things. I mean things like that could just be completely deprioritized, which is essentially what has been helping us move things forward in France. Under Macron what have been for you the big positives that have come out of his presidency and tech push more broadly.

Persons: Tom Chitty, Roxanne Varza, Bruno Le Maire, Tom Chitty The, you'll, Arjun, I've, Roxanne, Macron, we'd, we've, Tom Chitty Let's, Xavier Niel, he's, Roxanne Varza That's, we're, I'm, Roxanne Varza Paris, Tom Chitty Arjun, Arjun Kharpal, What's, There's, you've, haven't, They're, Roxanne Varza Big, Tom Chitty U.S, Arjun Kharpal It's, who's, that's, there's, they've, we'll, Tom, Tom Chitty We'll Organizations: Meta, Google, CNBC, Uber, Accel, Dealroom, Mistral, Viva Tech, Sequoia Capital, Big Tech, Microsoft, French Finance, London Stock Exchange, London . Locations: Paris, France, French, Europe, beyondthevalley@cnbc.com, London, Berlin, U.S, Silicon Valley, Palo Alto, Bay, Amsterdam, Lisbon, Old, Shoreditch, London . Tel Aviv

☆ Insider Today: Travel agents are back
▼ + stars: | 2024-06-16 | by ( Joi-Marie Mckenzie | ) www.businessinsider.com time to read: +5 min

This week's dispatchRob McElhenney is Business Insider's June 2024 digital cover star. Edmon de Haro for BITravel agents are backFollowing the pandemic-era lockdowns, people are hungry for travel. The interest in having someone else plan a vacation is returning travel agents to their '90s glory. How travel agents came roaring back. Art Wager/Getty ImagesEveryone's moving to TexasMovers from all corners of the US are flocking to Celina, Texas, a small town about 41 miles north of Dallas.

Persons: —, Rob McElhenney, Sheryl Nields, Rob McElhenney's, Rob McElhenney breezed, would've, McElhenny, Samantha Rollins, Lucia Moses, Ryan Reynolds, McElhenney, Rob it's, de Haro, Zers, Z, Wager, Chelsea Jia Feng, Uma Naidoo, Naidoo, Liam Daniel, we're, Dev Patel's Organizations: Service, Business, Wrexham AFC, Wrexham, BI, Texas Movers, Getty, Cunard, Food, Harvard, Vivid Locations: Bali, Philadelphia, Culver City, Los Angeles, English, Wales, Wrexham, Houston , Texas, Texas, Celina , Texas, Dallas, Celina

☆ Millennium org chart: The 47 executives behind Izzy Englander's $64 billion hedge-fund behemoth
▼ + stars: | 2024-06-05 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +5 min

A decade ago, Millennium Management managed $21.1 billion and had 18 senior people — all a part of the executive committee — listed on its website. Now the $64 billion multistrategy manager has 47 names on its leadership page split among divisions like the relatively new Office of the CIO. Executive teams are often just a firm's founder and a few trusted lieutenants. Many departures from the firm's top level have been executives launching their own funds or joining Millennium colleagues starting their own funds. Michael Gelband and Hyung Lee, who once ran fixed income and equities, respectively, brought the business-development pro Peter Hornick and the risk executive Dev Joneja with them when they launched ExodusPoint.

Persons: —, Izzy Englander, hasn't, Englander, Bobby Jain, Ajay Nagpal, Michael Chung, Peter Santoro, Izzy, Jain, Stephen Haratunian, Michael Gelband, Hyung Lee, Peter Hornick, Dev Joneja, Kurt Baker, Jonathan Xiong Organizations: Millennium Management, Business, Fidelity, Bloomberg, Citadel, Millennium Locations: BlackRock, New York, Asia

☆ A Japanese billionaire canceled his trip to the moon on a SpaceX rocket after too many delays
▼ + stars: | 2024-06-01 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +2 min

Read previewJapanese billionaire Yusaku Maezawa has canceled his star-studded trip to the moon aboard a rocket designed by Elon Musk's company, SpaceX. This story is available exclusively to Business Insider subscribers. A dearMoon representative confirmed the cancellation in a statement to Business Insider. Maezawa announced the eight people who would fly aboard the space vehicle in a YouTube video in December 2022. AdvertisementThe billionaire previously traveled to space in December 2021 during a 12-day trip to the International Space Station.

Persons: —, Yusaku Maezawa, Elon, dearMoon, Maezawa, YOSHIKAZU TSUNO, Steve Aoki, Dev Joshi, Musk Organizations: Service, SpaceX, Business, International Space, Russian Soyuz, Milken Institute Global Conference Locations: Russian

☆ MongoDB shares sink 23% after management trims guidance
▼ + stars: | 2024-05-30 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Concerning guidance, the company called for adjusted fiscal second-quarter earnings of 46 cents to 49 cents per share, with $460.0 million to $464.0 million in revenue. Analysts surveyed by LSEG were looking for 58 cents in adjusted earnings per share and $470.4 million in revenue. MongoDB trimmed its 2025 fiscal-year forecast, which now stands at $2.15 to $2.30 in adjusted earnings per share and $1.88 billion to $1.90 billion in revenue. Three months ago, the forecast was adjusted earnings per share of $2.27 to $2.49 and revenue of $1.90 billion to $1.93 billion. Analysts had predicted $2.50 in adjusted earnings per share on $1.93 billion in revenue.

Persons: Dev Ittycheria, Salesforce

☆ There are no 'red lines' for intellectual property in AI, Builder.ai founder says
▼ + stars: | 2024-05-24 | 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 EmailThere are no 'red lines' for intellectual property in AI, Builder.ai founder saysSachin Dev Duggal, founder of Builder.ai, says regulation may be needed to protect the use of intellectual property in artificial intelligence models.

Persons: Sachin Dev Duggal, Builder.ai

☆ These are the top business-development execs competing to hire elite portfolio managers at hedge fund giants Citadel, Millennium, Point72, and more
▼ + stars: | 2024-05-08 | by ( Alex Morrell | ) www.businessinsider.com time to read: +34 min

Unlike business development in corporate America, which focuses on growing a company's prospects with partners and clients, hedge fund BD teams specialize in scouting, evaluating, and wooing investment talent. AdvertisementFew have been involved in hedge fund BD longer than Jennifer Blake, Balyasny's global head. The fund's BD department remains in close contact with PMs after they join as a resource and advisor. Vernon Yuen/Getty Images$61 billion AUM2,200+ employeesAdvertisementKen Griffin's Citadel has outperformed not just its immediate rivals but every other hedge fund. He runs a team of about 20 as head of business development in the Americas, the largest region of the largest player in this space.

Persons: —, Griffin's, Izzy Englander's, Goldman Sachs, Headcount, execs, Dmitry Balyasny, Brendan McDermid, Jennifer Blake, Balyasny's, Morgan Stanley, Dmitri Balyasny's, Blake, it's, Federico Chavarria, Balyasny, Dave Matz, Smith Hanley, Alistair Jacobs, Dave Black, Peter Appel, Federico Chavarria MD, Andrew McHugh, Jules Biolsi, Michael Platt, he's, BlueCrest, Michael Grad, Grad, Jake Lindsay, Mungo Strachan, BlueCrest's, Brevan Howard Brevan Howard, Alan Howard, Ringo Chiu, Brevan Howard, Alan Howard's, Aran Landy, Brevan, Abu, It's, Landy, Howard, Peter Hornick, David Abbou, Jonathan Candy, Gregoire Vidal, Vidal, Tim Williams, Andy Silver, Gautam, Ken Griffin, Vernon Yuen, Ken Griffin's, Griffin, Matt Giannini, Giannini, headhunter, Matt, I've, — Thomas DeAngelis, Lindsay Previdi, Rice, Dore, Eleanor Sharkey, Melinda Urban, Mark Hansen, Julian Ulmer, Mathur, Adam Sharkie, Michael Page, Eisler, Edward Eisler, Sam Wisnia, Chris Milner, Milner, Hilary Curran, Hilary Curran Global, Rebecca Zisser, Michael Gelband, Hornick, Jeff Gelband, Mike Tiano, Eric Han, Garrett Berg, Liu, APAC Blackstone, Euan Shand, Kevin Carroll, Emily, Needham, Ostendorf, Ben Levine, Stefan Renold, LMR, Marcus Fairhurst, He'd, LMR's, Izzy, Ronda, Singh, Mark Meskin, Justin Gmelich, Steve Keller, Benjamin Williams, Madhvani, Paritosh Singh, Ben Williams, Kristina Tully, Steven Cohen, Point72, Shayanne, Steve Cohen's, Harry Schwefel, Chandler, Steve Cohen, JT Shields, They're, Schwefel, Alyssa Friedman —, Chandler Bocklage, Reid Murphy, Jae Yang, Japan Goldman Sachs, Alyssa Friedman, Jackie Dai, Gabriel Sanders, Ajay, Steven Schonfeld, Michael Nagle, Steve Schonfeld's, Ryan Tolkin, Schonfeld, doesn't, Akshay Aggarwal, Alex Burns, Ryan McCort, Colin Lancaster, Mitesh, Sameer Buch, Brittany Lynch, DMFI, Goldman, Verition, Nicholas Maounis, Josh Goldstein, Brian Townes, Townes, Elizabeth Xiang MD, Vir, Steve Satenstein, Chris Svoboda, Will England, Thomas DeAngelis, DeAngelis, Jonathan Brenner, hasn't, Maureen Reed, John Sullivan, Brenner, Walleye's Organizations: Service, Management, Wall, Business, Balyasny, Balyasny Asset Management, Quadra Advisors, SAC, Macquarie, BD, UBS, Grad, Financial Times, Michael, Lascaux, Howard BD, Brevan, Argentum Advisors, BH Digital, McKinsey & Company, JPMorgan, Ken Griffin's Citadel, Citadel, Citadel's, decamping, Chicago, Citadel BD, Walleye Capital, of Surveyor, Millennium, Capital, Credit, Ashler, Rice, Deutsche Bank, LMR Partners, London, Dore Partnership, Soros, Soros Fund, Ronda Churchill, Bloomberg, Getty, Guggenheim, Industry, MLP, Americas Guggenheim, Americas Citadel, SAC Capital, SEC, Point72 Academy, Citigroup, BD Energi, Japan, EMEA, APAC BNP, Schonfeld, PAAMCO, KKR, DMC Partners, Topwater, LinkedIn, New, New Holland Capital, BD —, Walleye, Lehman Brothers, Hutchin, Putnam Investments, ~$ Locations: America, Asia, Balyasny, Blackstone, New Holland, Abu Dhabi, BlueCrest, Europe, Graticule, ExodusPoint, Hornick, Freestone, New York, Schonfeld, Brevan, he's, Aberdeen, Hong Kong, Zurich, Glasgow, Dubai, Americas, Point72, quant, Verition, London, Greenland, Minnesota, Citadel

☆ Warren Buffett says one question posed by AI has stumped economists for a century
▼ + stars: | 2024-05-07 | by ( Michelle Castillo | ) www.cnbc.com time to read: +8 min

Calling AI profound, Buffet said that the technology is like a "genie" — once it gets let out of the bottle, it could have disastrous effects. It's a question, he said, that has riddled the best economists for a century. Warren Buffett is the first to admit he doesn't know much about artificial intelligence. This rebound has led to questions from corporate executives about factors that could be at play, from AI to return-to-office mandates. "Every company is looking at AI and deciding where it will help them," he said during a recent interview on CNBC's "Money Movers."

Persons: Buffett, Buffet, Warren Buffett, it's, couldn't, John Maynard Keynes, Keynes, Gary Cohn, Cohn, Dev Ittycheria, Elon Musk, Mark Zuckerberg, Sam Altman, Robert Solow, Berkshire Hathaway Organizations: Apple, Berkshire Hathaway, Berkshire, IBM, National Economic, CNBC, Nvidia, McKinsey, Harvard Business Locations: Omaha, Berkshire

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