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“Wicked” director Jon M. Chu reflected on how the feature film might have greater meaning in the wake of the election. “‘The Wizard of Oz’ was always sort of prophetic in a way,” Chu said. Nina Westervelt / WWD via Getty ImagesNBC News and NBCUniversal, the distributor of “Wicked,” share Comcast as a parent company. Chu said the musical adaptation, which premiered on Broadway in 2003, was also coincidentally released during a momentous time. “When ‘Wicked’ came around, it was a re-examination of that,” Chu said.

Persons: Jon M, Chu, “, Oz ’, ” Chu, ”, Ariana Grande, Cynthia Erivo, Oz ”, Oz, ” Cynthia Erivo, Nina Westervelt, Elphaba, Glinda, ’, Donald Trump’s Organizations: NBC News, Getty Images NBC, Comcast Locations: America, New York

☆ Bones recovered from a Tudor shipwreck contain modern medical insights
▼ + stars: | 2024-10-31 | by ( Ashley Strickland | ) edition.cnn.com time to read: +9 min

The Mary Rose was one of the largest warships of the Tudor navy during King Henry VIII’s reign until it sank on July 19, 1545, during a battle against the French. The Mary Rose was one of them, and the flagship became the king’s favorite. The hull of the Mary Rose, supported by a steel cradle attached to a lifting frame, was raised on October 11, 1982. The research team used Raman spectroscopy, a nondestructive method that preserves valuable samples, to study the bones, Shankland said. “Investigating the impact of this on the spine would further our understanding of bone chemistry changes with age, but also with stress from activity.”

Persons: Mary Rose —, Mary Rose, King Henry VIII’s, ”, Sheona, Henry VIII, Alex Hildred, ” Hildred, “, Shankland, Adam Taylor, ” Shankland, Tudor, Richard Madgwick, Madgwick, ” Madgwick, Dr Organizations: CNN, Tudor, Solent, Mary Rose Museum, telltale, Lancaster Medical, Lancaster University, “, Mary, University of Glasgow, Fox, Getty, Cardiff University Locations: Solent, Isle of Wight, Great Britain, Portsmouth, England, Brest, France, Scotland, Tudor England

☆ Meet Glean, the enterprise AI search company that's so powerful Sam Altman deemed it a threat to OpenAI
▼ + stars: | 2024-10-31 | by ( Sri Muppidi | ) www.businessinsider.com time to read: +10 min

Among them are Anthropic, Elon Musk's xAI, OpenAI cofounder Ilya Sutskever's Safe Superintelligence, and AI search startup Perplexity. The last of the five rivals, and perhaps the least well-known, is Glean, an enterprise search assistant. Founded in 2019 by Rubrik cofounder and ex-Googler Arvind Jain, Glean helps corporate workers find information across their companies' tools and data. Related Video Sam Altman moves to Microsoft after OpenAI fires him as CEOThe company enables AI search by integrating apps like Slack and Dropbox and powering search across their company's universe of data. AdvertisementBesides enterprise search, Glean also has an AI assistant that generates answers based on search results, such as summarizing the day's Slack messages or synthesizing multiple documents.

Persons: Glean, Jain, —, Sam Altman, Elon Musk's, Ilya Sutskever's, Googler Arvind Jain, Kleiner Perkins, Deedy Das, Larry Page, Das, Bipul Sinha, Rubrik, Mamoon Hamid, Vishwanath, Tony Gentilcore, Piyush Prahladka, …, Arvind, Hamid, Paul, Rajeev Dham, they're, Slack, Altman, It's Organizations: Google, Service, Elon Musk's xAI, DST Global, Sapphire Ventures, Sequoia, Microsoft, Sony Electronics, Entrepreneurship, Indian Institute of Technology, IIT, Menlo Ventures, IIT Delhi, University of Washington, Akamai Technologies, Technology, YouTube, Kleiner Locations: Jaipur, Indian, IIT Delhi, India, Glean, Seattle

☆ Young men are getting testosterone boosts to feel stronger, sharper, and anxiety-free
▼ + stars: | 2024-10-26 | by ( Andréa Becker | ) www.businessinsider.com time to read: +19 min

He had low testosterone levels, in the range of 219 to 239 nanograms per deciliter. Take Alexis Ohanian, the 41-year-old Reddit cofounder and Serena Williams' husband, who recently posted on X about his (relatively high) testosterone levels. RoWhen LaSara's cofounder John Snedegar opened up his brick-and-mortar men's health clinic in 2017, "nobody" was specializing in men's sexual health, he said. But he typically recommends lifestyle changes, like more exercise, eating better, and getting good sleep, which all naturally help to boost testosterone levels. Researchers such as Berumen worry the branding of men's health clinics prop up impossible standards of manhood.

Persons: Kade, unmotivated, LaSara, Alexis Ohanian, Bryan Bedder, Serena Williams, Joe Rogan, Dax Shepard, it's, Peter Conrad said, endocrinologists, Charles, Édouard Brown, —, Dr, Justin Houman, John Snedegar, Evan Miller, what's, Justin Dubin, Derek, Dana, he's, Houman, Dubin, Snedegar, Gwen Berumen, Berumen Organizations: LaSara, TRT, Ro, CDC, T Center, Men's Health, ESPN, Telltale, Clinic, University of Texas, American Psychological Association, Miami Locations: Idaho, Florida, Cedars, Sinai, Los Angeles, New York City, LaSara, Texas, Miami , Florida, Southern California, California, Miami, bricklayers, Austin

☆ Groundbreaking telescope reveals first piece of new cosmic map
▼ + stars: | 2024-10-26 | by ( Jackie Wattles | ) edition.cnn.com time to read: +7 min

Astronomers have never detected dark matter, but they believe it makes up about 85% of the total matter in the universe. Meanwhile, the existence of dark energy helps researchers explain why the universe is expanding — and why that expansion is speeding up. A prime example is the European Space Agency’s wide-angle Euclid telescope that launched in 2023 to investigate the riddles of dark energy and dark matter. Euclid this week delivered the first piece of a cosmic map — containing about 100 million stars and galaxies — that will take six years to create. These stunning 3D observations may help scientists see how dark matter warps light and curves space across galaxies.

Persons: Jackie Wattles, I’m, Vera C, Sarah Gillis, John Kraus, Chenyang Cai, Everest, NASA hasn’t, gazers, Ashley Strickland, Katie Hunt Organizations: CNN, ESA, US National Science Foundation, Stanford University, Rubin, SpaceX, SpaceX Polaris, Polaris, NASA, Boeing, CNN Space, Science Locations: Chile, Uzbekistan, Norway, Myanmar, Florida

☆ Advice for aspiring marketing leaders from Citi CMO Alex Craddock
▼ + stars: | 2024-10-25 | by ( Julia Hood | Will Wei | ) www.businessinsider.com time to read: +2 min

Alex Craddock: I think as I sort of reflect on my career, there's probably four things that have really helped me be successful. I think as a marketer in a world that is evolving very, very fast, you need to be endlessly curious. I think what is interesting about the world that we work in today, whatever function you are in, no one can actually deliver on their own. It's so big and broad now as a CMO, you can't do it on your own. And I think if you want to be a successful leader, you've got to be kind and you've got to be able to lead with compassion and create that human connection.

Persons: Alex Craddock, there's, there'll, It's, we've, you've, We're

☆ The 2024 AI Power List: Matt McIlwain
▼ + stars: | 2024-10-24 | by ( Ben Bergman | ) www.businessinsider.com time to read: 1 min

Operating in Seattle, in the shadow of Amazon and Microsoft headquarters, McIlwain's Madrona Ventures was an early investor in AI companies such as Xnor.ai, which Apple acquired in 2020. The firm likes to say no investment is too early, as it prefers to be there as early as formation. Madrona also hosts the annual Intelligent Applications Summit, with this year's event featuring Mustafa Suleyman, the CEO of Microsoft AI, and Arvind Jain, the CEO and cofounder of Glean. McIlwain says companies should focus more on their business model than on an AI model. See Business Insider's full AI Power List

Persons: Madrona, Mustafa Suleyman, Arvind Jain, McIlwain Organizations: Microsoft, McIlwain's Madrona Ventures, Apple Locations: Seattle

☆ Exclusive: AI startup Attention just raised $14 million to bring its natural language processing tech to sales calls
▼ + stars: | 2024-10-22 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +4 min

AI startup Attention raised a $14 million Series A funding round from Alven, Eniac, and Frst. The startup uses AI and natural language processing to glean data and next steps from sales calls. AdvertisementNew York-based AI startup Attention, which uses natural language processing to fill out customer relationship management (CRM) programs and generate action items from sales calls, just raised a fresh round of funding. Late-stage startup Gong, which also records sales calls, raised $250 million in Series E funding in 2021 at a $7.25 billion valuation. And 11x.ai, which is building AI sales reps, raised a $50 million Series B last month from a16z, TechCrunch reported.

Persons: —, Anis Bennaceur, Matthias Wickenburg, Bennaceur, Wickenburg, Swipecast Organizations: Service, French VC, Eniac, Liquid2 Ventures, Ventures, TechCrunch Locations: Alven, New York, a16z

☆ Security threats to AI models are giving rise to a new crop of startups
▼ + stars: | 2024-10-16 | by ( Sri Muppidi | ) www.businessinsider.com time to read: +5 min

The hazards against AI models and the data that train them are growing in the age of large language models. What's emerged is a growing group of startups aimed at tackling security threats related to AI. Credo AI, which has raised $41.3 million in total funding, is an AI governance platform that helps companies adopt AI responsibly by measuring and monitoring its risks. Pappu added that customers may not be aware that the shared information may also be used to train broader AI models. AdvertisementTo address the growing number of security concerns in AI, startups are now applying continuous monitoring to the space.

Persons: —, Ashish Kakran, What's, Kakran, that's, Narayana Pappu, Pappu, Arvind Jain, Lauri Moore, Moore, Arvind Ayyala, Ayyala Organizations: Companies, Service, Thomvest Ventures, Attackers, Bessemer Venture Partners, Haize Labs, Evolution Equity, Moore Strategic Ventures

☆ How AI is closing talent gaps by focusing on skills
▼ + stars: | 2024-10-15 | by ( Sponsor Post | ) www.businessinsider.com time to read: +8 min

There's good reason to adopt a skills-first strategy: Hiring managers who practice skills-first hiring find it twice as easy to find qualified candidates than hiring managers who do not. But the advancement of generative AI has the potential to change that. To use AI effectively for skills-first hiring, talent professionals must understand how models have been developed and trained and audit and monitor those models for bias. Indeed's Smart Sourcing generative AI provides an explanation of the candidate's potential overlapping qualifications with the employer's job description. As crucial as AI will be to skills-first hiring, talent acquisition, and management always starts and end with humans.

Persons: Liz Voigt, Hannah Calhoon, That's, Calhoon, It's, They'll, that's, Voigt, it's Organizations: Statistics Canada, Jobs, Insider Studios Locations: Canada, Ontario

☆ Election prediction markets are in a sprint to prove themselves as forecasting and investing tools
▼ + stars: | 2024-10-15 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +7 min

"Things were going okay before the election contracts, but since we put them on the platform there's been a lot more interest," Sanders said. The election contracts on each site are binary, and they pay out $1 if the correct outcome is chosen and $0 for the incorrect outcome. A fifth arena, Polymarket, is a blockchain-based prediction platform that is not open to U.S. customers. If they prove to be accurate over time, the prediction markets may also serve non-traders such as consultants and fundraisers who want to glean more insight into the election. Concerns More ominously, critics of the election markets have raised alarm that they could be moved by one or two big traders for possibly nefarious purposes.

Persons: politicos, Kalshi, Steven Sanders, Sanders, John Phillips, Phillips, Tarek Mansour, Bob Elliott, Ray, Elliott, Polymarket, Nikki Haley, Michelle Obama, Matt Thompson, Thompson, Koleman Strumpf, Cantrell Dumas, Dumas, PredictIt's Phillips, Strumpf, Mansour, We've Organizations: Wall, Interactive, Futures Trading Commission, CFTC, Kalshi, Funds, Bridgewater Associates, South Carolina Gov, Republican, Little Harbor Advisors, Wake Forest University, Better, CNBC, Wake Locations: Iowa, Winston, Salem, N.C, Susquehanna

☆ 18 stocks to buy now, including the top tactical options trades to make ahead of earnings, according to Goldman Sachs
▼ + stars: | 2024-10-13 | by ( Laila Maidan | ) www.businessinsider.com time to read: +2 min

Market sentiment can be gauged by following options traders' actions and fair-value gaps. Goldman Sachs predicts a relief rally for 18 stocks with positive options market sentiment. But if you get it right, you're rewarded with outsize returns. Not only that, but analysts at Goldman Sachs have found that the options market implies average earnings-day moves of 6% in either direction for S&P 500 stocks. Below is the list of 18 stocks which includes their options-implied stock move and the strike price for each contract.

Persons: Goldman Sachs, —, outsize, Goldman, John Marshall Organizations: Service, Federal

☆ OpenAI is accusing Elon Musk of harassing the startup. It's the latest escalation in a long-running feud.
▼ + stars: | 2024-10-09 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +4 min

OpenAI has fired back at Elon Musk's latest lawsuit. Musk's lawyers have argued that OpenAI executives "deceived" him into cofounding the company. AdvertisementIn response to Musk's lawsuit, OpenAI called it the latest move in Musk's "increasingly blusterous campaign to harass OpenAI for his own competitive advantage." "OpenAI is dedicated to the safe and beneficial development of artificial general intelligence ("AGI")," OpenAI's lawyers said in a court filing on Tuesday. A long-running feudIn March, Musk first sued OpenAI on similar grounds but later dropped the suit in June.

Persons: OpenAI, —, Musk, Tesla, Sam Altman, He's, xAI, Ilya Sutskever's, Mira Muta, Ilya Sutskever Organizations: Elon, Service, Musk, Business, Microsoft Locations: Musk's

☆ As AI innovation takes hold, business leaders need to think cross-functionally and keep learning, says Maggie Hulce, Indeed's chief revenue officer
▼ + stars: | 2024-10-09 | by ( Julia Hood | ) www.businessinsider.com time to read: +8 min

Maggie Hulce is Indeed's chief revenue officer and a member of BI's Workforce Innovation board. Cross-functional understanding, Hulce said, is an essential skill for today's C-suite as executives navigate the innovation juggernaut of artificial intelligence. How are you and other business leaders driving AI adoption in companies? You can have lots of different functional leaders who grew up in and have expertise in their function — but when you're solving customer problems, you're solving operational problems. These are customer problems, end to end.

Persons: Maggie Hulce, —, Hulce, Chris Hyams, it's Organizations: Service, Business, Pathfinder, Companies, Technology

☆ A spacecraft is on its way to an asteroid that NASA slammed in an earlier save-the-Earth test
▼ + stars: | 2024-10-07 | by ( The Associated Press | ) www.nbcnews.com time to read: +3 min

The European Space Agency’s Hera spacecraft rocketed away on a two-year journey to the small, harmless asteroid rammed by NASA two years ago in a dress rehearsal for the day a killer space rock threatens Earth. Launched by SpaceX from Cape Canaveral, it’s the second part of a planetary defense test that could one day help save the planet. The 2022 crash by NASA’s Dart spacecraft shortened Dimorphos’ orbit around its bigger companion, demonstrating that if a dangerous rock was headed our way, there’s a chance it could be knocked off course with enough advance notice. Researchers want to know whether Dart — short for Double Asteroid Redirection Test — left a crater or perhaps reshaped the 500-foot (150-meter) asteroid more dramatically. ESA’s Hera mission lifted off on a SpaceX Falcon 9 rocket from Cape Canaveral Space Force Station in Florida on Monday at 10:52am.

Persons: there’s, Dart, Derek Richardson, Richardson, ESA Dart’s wallop, Hera, Ignacio Tanco, ”, “, Ian Carnelli, It’s Organizations: NASA, SpaceX, NASA’s, ” University of Maryland, Cape Canaveral Space Force, ESA Locations: Cape Canaveral, Cape, Florida, Dimorphos, Darmstadt, Germany, Didymos

☆ Meet SpaceHopper, a three-legged hopping asteroid explorer
▼ + stars: | 2024-10-03 | by ( Amy Gunia | ) edition.cnn.com time to read: +4 min

That includes SpaceHopper, a three-legged robot designed for exploring microgravity environments, like the surface of asteroids. Developed by university students at ETH Zurich, in Switzerland, it bends its legs to propel itself off the ground. “But we can build robots that could do this task for us.”ETH Zurich student Valerio Schelbert holds SpaceHopper. A three-legged hopping robot that can reorient itself in zero gravity is “a completely new idea,” said Florian Kehl, a lecturer in the Department of Earth and Planetary Sciences of ETH Zurich. The team behind LunarLeaper, including ETH Zurich academics, hope to use it to explore a pit thought to be connected to a subsurface hollow lava tube.

Persons: Valerio Schelbert, Andrew Waller, ”, Florian Kehl, SpaceHopper, CNN “ Organizations: CNN, Apollo, Earth’s, ETH Zurich, SpaceHopper, ” ETH Zurich, Department of, Planetary Sciences, European Space Agency, ESA, Tech Locations: Switzerland, California, Japan, Germany, France

☆ Elon Musk called OpenAI 'evil' for telling investors not to fund his company and other rivals
▼ + stars: | 2024-10-03 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +3 min

OpenAI just secured $6.6 billion in its latest funding round. The company asked investors not to back its rivals like Elon Musk's xAI, per Reuters. Musk, who is in an ongoing feud with OpenAI, called the company "evil." That funding round, which included big-name investors like Thrive Capital, Microsoft, and Nvidia, had a stipulation that Musk isn't so happy with: Don't support OpenAI's rivals. Some of OpenAI's investors have already backed other AI startups.

Persons: OpenAI, Elon Musk's, Musk, —, Elon Musk, Sam Altman, Anthropic, Ilya Sutskever's, Musk's, Altman Organizations: Elon, Elon Musk's xAI, Reuters, Service, Microsoft, Nvidia, Financial Times, OpenAI, Street Locations: OpenAI

☆ OpenAI's rivals are on the prowl after an exodus of high-level executives
▼ + stars: | 2024-10-02 | by ( Melia Russell | Ben Bergman | ) www.businessinsider.com time to read: +7 min

Investors are flocking to OpenAI, but it's losing high-level executives at an alarming rate. Suddenly, it's open season for OpenAI employees. Rivals like Anthropic and Perplexity are signaling to workers that they put mission over profits. Suddenly, it's starting to feel like open season for OpenAI employees. A recruiter said his search firm has fielded more interest from current OpenAI employees since the board's ouster of Sam Altman a year ago.

Persons: —, Mira Murati, Ilya Sutskever, Andrej Karpathy, John Schulman, Greg Brockman, Alex Klein, he's, Dan Miller, Tim Tully, Sam Altman, Jason Redmond, weren't, Klein, OpenAI, Jack Guez, Anthropic, Jan Leike, Schulman, Durk Kingma, Kingma, Matt Murphy, Arvind Jain, Jain, Matt Hoffman, Johnny Ho, Ho Organizations: Rivals, Service, OpenAI, LinkedIn, Menlo Ventures, Ark Venture Fund, Business, Getty, Google, Anthropic, Employees, Engineers Locations: OpenAI, AFP, Bay

☆ An 'AI associate' for PE firms just launched. Here's a look at the pitch deck that helped it raise a $1.5 million seed round.
▼ + stars: | 2024-09-24 | by ( Bianca Chan | ) www.businessinsider.com time to read: +5 min

On Tuesday, Goldman and his cofounder, Shivaal Roy, launched Mako AI after building the startup for about a year. Before cofounding Mako with Goldman, Roy was an early engineering hire at Glean, an AI-enabled enterprise-search startup valued at $2.2 billion. So far, Mako has a handful of clients, including mid-market PE firms and growth-equity firms, including L.A.-based Shamrock Capital and San Francisco firm GroundForce Capital. Advertisement"The most important thing right now is getting this product from a first-year associate to a second-year associate," Goldman said. Here's the pitch deck Mako used to raise its $1.55 million seed round led by Khosla Ventures.

Persons: —, Danny Goldman, Goldman, Shivaal Roy, Mako, hasn't, Blackstone, OpenAI's, Roy, cofounding Mako Organizations: Service, Bain, Co, Business, Khosla Ventures, KKR, Shamrock Capital, GroundForce, Mako Locations: San Francisco

☆ The Houthis probed Israeli defenses with a ballistic missile, and Iran is likely taking notes
▼ + stars: | 2024-09-22 | by ( Paul Iddon | ) www.businessinsider.com time to read: +9 min

Read previewA Houthi ballistic missile reached Israel from Yemen for the first time on Sunday, disintegrating in the air after Israel activated its air defenses. AdvertisementThe Arrow 2 and Arrow 3 both made their first-ever combat intercepts against Houthis missiles on October 31 and November 9, 2023, respectively. The Arrow 3 fires an intercept missile that strikes an incoming ballistic missile outside the Earth's atmosphere, and boasts superior range and speed over its Arrow 2 predecessor. The Palestine missiles are solid-propellent, making them more advanced than the liquid-propellent ballistic missiles hitherto used by the group. "When it comes to large-scale drone and missile attacks, Iran has to rely on large volumes to try and overwhelm Israeli air and missile defenses," Tack said.

Persons: —, Israel, Sim, Tack, Samad, Ryan Bohl, RANE, Bohl, Steven Horrell, Horrell Organizations: Service, Business, Houthis, Houthi Media, Getty, Palestine, Tel, East, PAC, Transatlantic Defense, Security, Center for, Israel, US Navy Locations: Israel, Yemen, Iran, Iranian, Palestine, Eilat, Tel Aviv, North Africa, Syria, Tehran, Lebanon, Red

☆ The hottest AI startups are raising back-to-back funding rounds. Suddenly, it's feeling very 2021 in Silicon Valley for a chosen few.
▼ + stars: | 2024-09-20 | by ( Ben Bergman | Melia Russell | ) www.businessinsider.com time to read: +11 min

Read previewIn February, Glean announced a $200 million funding round valuing the AI enterprise software startup at $2.2 billion. AdvertisementThe transaction is the latest in a string of dizzying back-to-back funding rounds at ever-higher valuations for a handful of AI startups that stand in stark contrast to the doldrums of the overall market for startups. Earlier this year, Sakana raised $30 million in a seed funding round led by Lux Capital. Slingshot AI, which has built an automated mental health counselor, also raised separate rounds of funding just months apart. Advertisement"VCs are increasingly faced with frequent requests from their hot AI companies to follow on or double down on investments," said Iris Sun, an investor at 500 Global.

Persons: —, Glean, Arvind Jain's inbox, Jain, Steve Brotman, Perplexity, SoftBank, Sakana, Gregg Hill, that's, Matt Murphy, Dario Amodei, Kimberly White, Murphy, I'd, I've, Jenny Chang, Rodriguez, Jai Das, Rajeev Dham, couldn't, Das, Sapphire, Uber, Iris Sun, Chandrasekar Organizations: Service, Business, DST Global, Alpha Partners, Bloomberg, Google, New Enterprise Associates, Khosla Ventures, Lux Capital, Parkway Venture Capital, Menlo Ventures, Getty, Sapphire Ventures, Investments Locations: Tokyo

☆ Fans of the Bachelor Could Decide the 2024 Presidential Election
▼ + stars: | 2024-09-18 | by ( Juliana Kaplan | Andy Kiersz | ) www.businessinsider.com time to read: +17 min

Ben Higgins tried to parlay his Bachelor success into a political career, but the campaign didn't last long. The focus on Bachelor Nation also makes sense given the franchise's viewership is dominated by one of the most crucial swing votes of recent elections: white women. In the past two presidential elections, white women were the most closely split demographic subgroup tracked by major exit polls. In 2016, Donald Trump won over 52% of white women against Hillary Clinton's 43%, exit polls found, while Trump bested Joe Biden in 2020 among white women 55% to 44%. The overlap between the swingiest demographic and the "Bachelor" audience suggests Bachelor Nation has value to those who seek to lead our nation.

Persons: Ben Higgins, Charming, Higgins, He's, that's, Acierto, Young Sheldon, Joey Graziadei's, Graziadei, Doug Emhoff, Kamala Harris, Chad Kultgen, Lizzy Pace, Pace, Harris, Kultgen, Joey Graziadei, John Fleenor, Walz, Big, YouGov, Donald Trump, Hillary Clinton's, Trump, Joe Biden, Hulu —, they're, Natasha Scott, Reichel, Rose, Scott, Claire Fallon —, —, Becca Kufrin's, Fallon, Emma Gray, Garrett Yrigoyen, Kufrin, Yrigoyen, — Colton Underwood, — Fallon, Matt James, Rachael Kirkconnell, James ', Chris Harrison, it's, Justine Kay, Charity Lawson —, Joe Biden's, he's, Juliana Kaplan, Andy Kiersz Organizations: Disney, ABC, NFL, Valentine's, White, Daily, Nation, Pew Research, Trump, Hulu, Girls, Bachelor Nation Locations: American, Colorado, America, Atlanta, Quinnipiac, Georgia, North Carolina, Hulu, Washington

The Fed is expected to cut rates multiple times this year and in 2025, which means mortgage rates should continue decreasing. Will mortgage rates drop when the Fed cuts rates? If he or other Fed officials indicate that bigger rate cuts could be coming, mortgage rates may inch down. How Fed rate cuts affect mortgage ratesChanges to the federal funds rate don't directly impact mortgages, but mortgage rates tend to trend up when the Fed raises rates and go down when it lowers rates. The Fed could lower rates substantially by the time we reach the 2025 buying season, which means mortgage rates may be a lot lower, too.

Persons: Freddie Mac, Dan Burnett, Burnett, Jerome Powell, Powell, Fannie Mae, Scott Haymore Organizations: Fed, Federal Reserve, Housing Survey, TD Bank

☆ AI search startup Glean raises $260M
▼ + stars: | 2024-09-10 | 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 search startup Glean raises $260MCNBC's Deidre Bosa joins 'Money Movers' to discuss the latest news from the startup world.

Persons: Bosa

☆ AI-powered search startup Glean doubles valuation in new funding round led by Altimeter
▼ + stars: | 2024-09-10 | by ( Riley De León | ) www.cnbc.com time to read: +2 min

AI-powered search startup Glean said Tuesday it has raised $260 million in a funding round that values the tech company at $4.6 billion — more than double its last reported valuation. Glean competes with a herd of well-financed generative AI startups and tech giants, attempting to compete with Microsoft Copilot and chatbot Amazon Q. Glean's Series E round, led by Altimeter and DST Global, includes Craft Ventures, Sapphire Ventures, and SoftBank Vision Fund 2, all new investors in the company. Founder and CEO Arvind Jain started Glean in 2019 with other former Google engineers as an enterprise search engine. The company soon transitioned to generative AI.

Persons: Arvind Jain, Glean, Catalyst, Kleiner Perkins, Jain Organizations: CNBC, Glean, Microsoft, DST Global, Craft Ventures, Sapphire Ventures, Latitude, Lightspeed Venture Partners, Sequoia Capital, IDC Locations: Lisbon, Portugal, Palo Alto , California

Search resuls for: "Glean"

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