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Some longtime Intel employees are eligible for up to 19 months of severance. After years of layoffs, buyouts, and even one temporary pay cut, many employees have thought about what they might do after Intel. BI spoke to three former Intel employees who are using the company's hard times as an opportunity to upend their lives. Over his 24 years at Intel, Guha used his spare time to develop a wealth management strategy based on the philosophies of Warren Buffet. Lessons learned at IntelThough several departing Intel employees expressed some frustration with the current state of the company, they still believe it can be successful.
Persons: , Shi Choong, she's, Choong, It's, Javier Apostol, Apostol, he's, Sumit Guha, Guha, Warren Buffet, He's, sabbaticals Organizations: Intel, Service, Business, IRS, AARP, Engineers Locations: Portland, Oregon, San Francisco Bay, Puerto Vallarta, Mexico, Arizona, Yuma County , California, formalwear
Medical school was fun but gruelingChoo (right) graduated from medical school in 2021. Faith ChooThe first two years of medical school felt like high school all over again. AdvertisementBack then, our seniors in medical school would warn us about life after graduation. They would tell us about the terrible working hours that came with being on call, like having to work for two days straight without rest. AdvertisementThe thought of leaving first crossed my mind after I clocked 19 consecutive days of work in the hospital.
Persons: , Faith Choo, they've, Choo, they're Organizations: Service, Business Locations: Singapore
CNBC takes a tour of Ferrari's new e-building
  + stars: | 2024-07-22 | 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 EmailCNBC takes a tour of Ferrari's new e-buildingCNBC gained exclusive access to Ferrari's HQ in Maranello, Italy, to explore the company's new ventures into electrification. — Charlotte Reed, Vivi Vitalone, Ed Matthews and Itunu Olowookere contributed to this report.
Persons: Charlotte Reed, Vivi Vitalone, Ed Matthews, Itunu Olowookere Organizations: CNBC Locations: Maranello, Italy
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. I completed a 3.5-year apprenticeship as a media designer and engineer, and I've been in the tech industry since I was 15. Leaving so quickly wouldn't have been possible without the support of our LA friends, who helped us in many ways. Courtesy of Lucas FrischmannI came up with this idea as I struggled to keep up with all my connections. AdvertisementIf you were laid off from a tech company and want to share your story, please email Manseen Logan at mlogan@businessinsider.com.
Persons: , Lucas Frischmann, It's, I've, Frischmann, it's, I'd, Manseen Logan Organizations: Service, Twitter, Meta, Business Locations: Los Angeles, Asia, Vietnam, Italy, Taiwan, Thailand, Japan, Indonesia, South Korea, Europe, Austria, Germany, Switzerland, Bangkok, Amalfi Coast, Bali , Indonesia, mlogan@businessinsider.com
Jonathan and Jacqueline Sanchez pushed their net worth over $1 million in 2021, through a combination of savings, investments and real estate equity. But it took awhile for Jonathan, who grew up in a frugal, single-parent household to feel fully financially secure, despite the couple's millionaire status. But the diversity of their income sources, as well as their commitment to being frugal, are some of the major reasons the couple now lives — and spends — comfortably. Rather, think of how you'd live in the case of a real financial emergency. Having a diversified group of income sources allows the couple to feel financially secure, even as they go through the usual ups and downs of launching and growing an online business.
Persons: Jonathan, Jacqueline Sanchez, Jacqueline —, , Jacqueline, Jonathan helms, Christine Benz Organizations: CNBC
This led to me making and selling icons and wallpapers, which was my first experience making money online. I decided not to go to university and instead make money onlineDespite my parents' typical concerns about formal education, I convinced them to give me a year to try making money online before considering university. AdvertisementMy themes became popular, and in 2014, I was approved to sell them on Tumblr's official online store, which significantly increased my income. I expanded my income streams after leaving the startupI started an online store called ULX Store in 2018 to sell my designs and other products. My approach to online business emphasizes starting with one main income stream and then using the earnings from that to diversify into other areas.
Persons: , Oliur Rahman, wouldn't, Plasso, I'm Organizations: Service, Business, XDA Developers, GoDaddy, YouTube Locations: Dubai
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla investors have to 'suspend logic' and look at how company could pivot, says Nancy TenglerNancy Tengler, CEO and CIO at Laffer Tengler Investments, joins CNBC's 'The Exchange' to share her outlook on Tesla, the company's new ventures in Robotaxis, and more.
Persons: Nancy Tengler Nancy Tengler, Tesla Organizations: Investments Locations: Robotaxis
It is therefore no surprise that the advent of big data, data analytics, and disruptive technologies such as generative AI have brought in sweeping changes and opportunities to reinvent critical business areas. When customers trust a business, it empowers the organization to pioneer groundbreaking initiatives, embracing risk to craft new products and refine existing ones. While the balance between trust and innovation emerges as a critical lever for progress, the role of transparency in cultivating and maintaining this trust cannot be overstated. Earned, not givenAs we recognize transparency's pivotal role in building trust, it becomes clear that trust in the digital age is earned, not given. Safeguarding consumer trust in an era increasingly dominated by sophisticated algorithms and artificial intelligence is more critical than ever.
Persons: Matthew Driver, we've Organizations: Services, Asia, Mastercard, Trust, Harvard, Mastercard Singapore, Insider Studios Locations: Asia Pacific
YouTube, which launched its YouTube Shopping affiliate program in 2021, has so far struggled to gain meaningful adoption, as Business Insider previously reported. Bridget Dolan, managing director of YouTube Shopping partnerships, told BI the platform's greatest advantage is its user experience and the resources it can offer creators. YouTube also has dedicated partner managers who communicate with shopping creators weekly to troubleshoot, share best practices, and plan in-person and virtual events, Dolan said. Her team of YouTube Shopping partner managers helps creators with everything from which products and brands to link to what products are selling well to trending product search terms. "YouTube Shopping is the idea that creators are talking about the products that they love and tagging them," Dolan said.
Persons: Bridget Dolan, Dolan, It's Organizations: YouTube, Business, YouTube's Brand
Bob Iger seems to have convinced investors that he's really turning Disney around. But he won't get a final grade until he does the one thing he's been very bad at — finding a successor. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementOK, Bob Iger.
Persons: Bob Iger, , Nelson Peltz, what's Organizations: Service, Partners, Disney, Epic
But Japan's economy — the long-unconscious patient — recently started to wiggle its toe. The country's stock market is ripping; the Nikkei recently exceeded the all-time highs it set 34 years ago. Now, Koo says, Chinese academics and policymakers are flocking to Japan to glean some kind of wisdom from the country's experience. Advertisement"This has made Japan attractive for foreign investors, and the stock market has done well," Koo said. Even without a currency war with Beijing, the world is building defenses against another wave of Chinese goods.
Persons: , Goldman Sachs, there's, Nomura, Richard Koo, Koo, Shinzo Abe, Japan's, What's, it's, we're, haven't, Xi Jinping, doesn't, Xi, we've, Brasília Organizations: Nikkei, Goldman, Bank of Japan, Corporations, International Monetary Fund, Japan, Peterson Institute, European Union, China Locations: East Asia, China, Japan, Real, Tokyo, Beijing, Brussels, Brasília, American, Washington, Brazil, Turkey
He prefers getting to know founders long before they decide to raise money so he can pounce on the right opportunity. Investors, including hedge funds, hurtled term sheets at founders to beat the competition, skipping the usual diligence along the way. Flush with cash, the partners are seeing a flood of hyper-growth startups come to market for funding after a two-year dry spell. The funding blockage is also softening as valuations come back to earth, Costolo said. "Prices are a lot more sensible now," Costolo said, noting the exception of valuations in artificial intelligence.
Persons: Dick Costolo, Costolo, Costolo isn't, Adam Bain, Twitter's, Dario Amodei, Kimberly White, Getty Costolo, they're, Bain, David Fischer Organizations: Twitter, Business, Advisors, Software, Carta, TechCrunch, Google, Nvidia, Fund, Health Locations: Jackson Hole , Wyoming, Detroit
The deck kicked off a game of one-upmanship among Wall Street banks trying to keep their employees happy. Lit capitalized on poking fun at Wall Street culture, selling $35 dad hats that read, "Do You Know Who My Father Is?" There have, of course, been endless rumors about Lit's identity, especially among Wall Street underlings. Wall Street underlings have speculated about Litquidity's identity for years. Basak, one attendee said, wanted to take a "wrecking ball through it all" and hold Wall Street heavy hitters accountable.
Persons: Goldman Sachs, I've, David Solomon, Litquidity, Goldman, Solomon, Evercore, Michael Kovac, Lit, Warburg Pincus, Jamie Dimon, Jamie Dimon's, Banksy, Bennett Jordan, who've, Lit's, — Mark Moran, , Jefferies, Richard Handler, Spencer Platt, Isaac Laifer, Laifer, Handler, We'd, Henry, Hank, Medina, He's, he's, Jefferies Medina, Bart P, Fuchs, Karl Smith, Mark Moran, Moran, Bloomberg he'd, Zack DeZon, Getty Images Moran, Brian Hanly, Hanly, Sonali Basak, Angela Weiss, cryptocurrency, we'll, Mark, Medina's, weren't, CoinFLEX, Litquidity doesn't, Dave Portnoy, wasn't, Medina Ayden Syal, Kyle Zappitell, Zappitell, he'd, hasn't, Bennett Jordan —, Craig Sjodin, Litney, Paul Argenti, Wall Organizations: Goldman, New York Times, CNBC, Business, Bloomberg, Metropolitan Club of New, Nomura, Citigroup, Financial Times, Litney Partners, Whitney Partners, BI, ESPN, Litquidity, Centerview Partners, New York, Getty, Bain Capital, Litquidity Venture Partners, SEC, Cornell University, Wexford Capital —, Deutsche Bank, Deutsche, CFA, Getty Images, Bullish, Vice, Wall Street, Litquidity's, Manhattan's Rue, Fox Business, Litquidity Ventures, Coatue Management, SAFE, Soho House, Dartmouth University Locations: New York, Tribeca, Metropolitan Club of New York, Instagram, San Francisco, Medina, New York City, Miami, NoHo, Chad, Connecticut, Litquidity, Linktree, Soho
Following ChatGPT's launch in late 2022, several new AI tools have emerged for creators to use. Many tools use generative AI to create more dynamic images, transcribe text, and edit videos. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Since then, hundreds of AI tools have popped up, helping with anything from writing cover letters during job searches to translating text into different languages. "With the increasing number of AI startups, creators have numerous ways to speed up their processes and workflow.
Persons: , ChatGPT, Nick Chen, Amber Venz, Chen, Lia Haberman, Lindsey Gamble Organizations: Service, UCLA
New York CNN —Walmart is joining the AI, drone and tech race. The superstore announced that it is offering drone delivery for up to 75% of the Dallas area’s population, or about 1.8 million homes. But drone delivery as a concept isn’t new, and Walmart’s timeline to take off in Dallas is remarkably short. Normally, customers who need to shop for a Super Bowl party search for items on the Walmart app individually, the company said. Walmart also announced advancements in its InHome service, which it debuted in 2019 to deliver groceries straight into customer’s refrigerators.
Persons: Doug McMillon, Satya Nadella, it’s, ” McMillon, John Locher, Jeff Bezos, Prathibha Rajashekhar, It’s, Walmart’s InHome Organizations: New, New York CNN, Walmart, Consumer, Sam’s Club, CES, Sam’s, Fort, Dallas, Amazon, UPS, Volkswagen, Federal Aviation Administration, CNBC, FAA, Amazon’s, Air, Technology, Microsoft, Apple, Super, Business Locations: New York, Las Vegas, Dallas, Fort Worth Area, Italy
If your business occupies at least 500,000 square feet, 5G could provide the right connectivity. He added: "You have to put close to 6,000 to 7,000 WiFi access points to cover 1 million square feet. In fact, Ahmed said that a loose rule for 5G was: Large spaces of about half a million square feet or more benefit. Consider your security needsIf your business deals with sensitive data or requires high levels of security, 5G can be a wise choice. And 5G security is significantly more robust than anything WiFi has today because of that."
Persons: There's, , Shahid Ahmed, Ahmed Organizations: Service, Telecom, 5G, Nippon Telegraph, Telephone Corp, FCC, WiFi
In remote locations, 5G-powered tech is helping farmers produce crops with the support of experts. Smart farming was introduced into Japanese agriculture in 2020 by NTT AgriTechnology in Chōfu City, Tokyo, for a three-year project. This helps farmers monitor crops for disease and create a harvesting timeline while navigating conditions that can change daily. The next steps for 5G farming involve broadening the scale of these projects so that farmers can monitor more fields at a time, Ahmed and Masakuza said. To do that, companies and local governments will need to continue investing in private, local 5G networks, they added.
Persons: , Abe Masakuza, Masakuza, Shahid Ahmed, Ahmed, NTT Ahmed Organizations: Private 5G, Service, Agriculture, Forestry, Smart, NTT AgriTechnology, Nippon Telegraph, Telephone, NTT, Hokkaido University, 5G, Farmers, Chōfu, Private Locations: Japan, Chōfu City, Tokyo, Tachikawa , Tokyo, Iwamizawa, Northern Japan
When COVID forced kids into remote school, the city of Las Vegas learned many couldn't get online. A grant helped officials build a private 5G network that connected hundreds of students for free. "So we successfully hooked up several hundred students onto our private 5G network, which gave them connectivity from their homes through the city's network to their schools." This would be supplemented by commercial carriers such as Verizon and AT&T in areas where the private network wouldn't reach. Looking ahead, Ahmed sees many use cases for a private 5G network and expects them to grow in popularity as cities harness the power of artificial intelligence to create safer environments.
Persons: COVID, , Michael Sherwood, Sherwood, Clark, Shahid Ahmed, Ahmed, they've, Bill Baver, Baver Organizations: Service, Clark County School District, Economic Development Administration, Private, Verizon, AT, Las Vegas, Nippon Telegraph, Telephone Corp, Frankfurt Airport, NTT, City Hall, Smart Solutions Locations: Las Vegas, Vegas, Clark County's, Las, Germany
[1/2] Hui Ka Yan, chairman of Evergrande Real Estate Group Ltd, the country's second-largest property developer by sales, attends a news conference on annual results in Hong Kong, China March 29, 2016. A person close to Evergrande said Hui had stopped contacting staff over the past few days, while an industry source said he had become totally inaccessible. Evergrande grew to achieve 700 billion yuan ($95.8 billion) in annual sales by 2020. Outside mainland China, Hui mixed with Hong Kong tycoons. Without the country giving me a scholarship of 14 yuan every month, I could not have completed university," Hui said.
Persons: Hui Ka Yan, Bobby Yip, Yan, Hui, Evergrande, Xi Jinping, Cheng, tycoons, Cheng Yu Tung Organizations: Real Estate Group, REUTERS, Chinese Communist Party, China Evergrande, HK, Evergrande, Bloomberg, Reuters, Forbes, Hong, New, Party, Thomson Locations: Hong Kong, China, HONG KONG, Tiananmen, Guangzhou, Guangdong province, Henan
Planet Fitness' board of directors asked its CEO Chris Rondeau to step down last week. Rondeau told Insider he was "blind sided" by the board's decision. Jefferies, JP Morgan, and other analysts have downgraded the stock due to concerns over Planet Fitness' executive transition. Rondeau has been a fixture at Planet Fitness nearly since the gym's founding. The former employee, Casey Willard, called Planet Fitness a "debaucherous" workplace.
Persons: Chris Rondeau, Rondeau, Katherine Long, Jack Newsham, Rondeau's, Jefferies, JP Morgan, hasn't, Casey Willard, Willard, Beers, Peers, Donald Trump, Mike Grondahl, Grondahl Organizations: Service, Planet Fitness, Fitness, Company, Wall Street, Trump, Better Locations: Wall, Silicon, New Hampshire
On Sunday, Evergrande reported losses of 33 billion yuan ($4.53 billion) for the first half of the year, versus a 66.4 billion yuan loss in the same period a year earlier. The Chinese property sector’s worsening debt crisis poses a significant challenge for President Xi Jinping and his policy makers, with the country’s economy already reeling from weaker domestic and overseas demand. China’s State Council Information Office, which handles media queries on behalf of the government, declined to comment on the property market and Evergrande’s fate. He sold the first complex the following year for 80 million yuan, according to Evergrande’s website. The committee investigated the matter after banks seized 13.4 billion yuan ($1.84 billion)of deposits held by the property-services unit in 2021.
Persons: Aly, Hui Ka Yan, Hui, Evergrande, Suppliers haven’t, , Anne Stevenson, Yang, Evergrande’s, Xi Jinping, Reuters wasn’t, Kelly Richmond Pope, ” Hui, “ Evergrande, Stevenson, Engen Tham, Julie Zhu, Clare Jim, Cassell Bryan Organizations: China Evergrande Group, REUTERS, Rights, China Evergrande, HK, Reuters, Suppliers, J Capital Research, Information Office, Political, Conference, Guangzhou Evergrande, soccer’s, Hong, Forbes, HengTen Networks, Management, Chicago’s DePaul University, Evergrande, Financial, Communist Party, , China, Shanghai, Cassell, Low, Thomson Locations: China, Shenzhen, Guangdong province, Rights SHANGHAI, HONG KONG, United States, U.S, China’s, Henan province, Beijing, Hong Kong, Guangzhou, Evergrande, HengTen, Evergrande’s Hong Kong, Shanghai
Aug 17 (Reuters) - Two prominent former Google (GOOGL.O) researchers, one of whom was a co-inventor of the “transformer” artificial intelligence architecture that paved the way for the generative AI boom, announced on Thursday they had started a new AI company based in Tokyo. Sakana AI, founded by David Ha and Llion Jones, declined to disclose funding details. Ha was previously the head of research at Stability AI and a Google Brain researcher. After the famous paper came out, advances in generative AI foundation models have centered around making the “transformer”-based models larger and larger. Instead of doing that, Sakana AI will focus on creating new architectures for foundation models, Jones told Reuters.
Persons: David Ha, Llion Jones, Jones, Ha, , , Noam Shazeer, Aidan Gomez, Anna Tong, Frances Kerry Organizations: Google, Reuters, Thomson Locations: Tokyo, San Francisco
Lee Jeyes left his job as Walmart's head of innovation after almost 17 years. Jeyes sold his condo and most of his belongings to start a new life traveling and working in an RV. In February, I left my job at Walmart as its head of corporate innovation after almost 17 years at the company. I sold or donated most of my possessions — everything from my car to my condo — and bought an RV for $40,000 in May. I then sold my condo for $925,000 in April and freed myself from a mortgage for the first time in a decade.
Persons: Lee Jeyes, Jeyes, I'd, Lee, Wally, Lee Jeyes I've, I'm Organizations: Service, Walmart, Artists Locations: Wall, Silicon, Toronto, Ontario, Canada
In 2020 he left to teach computer programming at his hometown's high school. In 2020, a year before the company I cofounded would be valued at $1 billion, I returned home to Cesis in Latvia to start my new job as a programming teacher at the local school. I realized how tough teaching isThe work of preparing for classes was all on me. My company and I found a suitable replacement candidate and agreed with the school to pay two-thirds of his salary. I didn't know the kids, they didn't know me, and we didn't know what to expect from each other.
Persons: Agris Tamanis, , I'd, Draugiem, We'd, Printful, we'd, haven't, I've Organizations: Service, Entrepreneurship Locations: Latvia, Latvian, Cesis, COVID, Printful
Haney founded the activewear brand in 2013 and stepped down as CEO in 2020. She founded Outdoor Voices in 2013 as a direct-to-consumer activewear apparel brand catering to everyday women who participate in recreational activities like jogging and leisure hikes. Outdoor Voices had raised $64 million in funding, reached a $110 million valuation, and gained a cult following of millennial women. Tyler Haney founded the activewear brand Outdoor Voices in 2013. Haney and Outdoor Voices did not immediately respond to Insider's request for comment.
Persons: Tyler Haney, Haney, , Guy Raz, Mickey Drexler, Rick Kern, Emily Weiss, Away's Jen Rubio, Gabrielle Conforti Organizations: Service, OG, Outdoor, Getty, New York Times, Outdoor Voices, Urban Outfitters, TechCrunch
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