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This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Markets digest Nvidia earningsU.S. markets rose on Thursday after digesting Nvidia's earnings release. "If someone bought or if the Bluesky company went down, everything is open source." [PRO] Focus on Nvidia's BlackwellDespite Nvidia's revenue growth rising at a slower pace each subsequent quarter, analysts are still optimistic on the stock.
Persons: Donald Trump, Michael Novogratz, Trump's, Trump, Bluesky, Jay Graber, Nvidia's Blackwell, Blackwell, Colette Kress Organizations: CNBC, U.S . Department of Justice, Google, Chrome, JD Sports, Galaxy Digital, U.S . Federal Reserve, Elon, Nvidia Locations: British
Bluesky CEO Jay Graber says X rival is 'billionaire proof'
  + stars: | 2024-11-21 | by ( Jonathan Vanian | In | ) www.cnbc.com   time to read: +3 min
But CEO Jay Graber has some cautionary words for potential acquirers: Bluesky is "billionaire proof." Graber was referring to the way millions of users left Twitter, now X, after Elon Musk purchased the company in 2022. Bluesky now has over of 21 million users, still dwarfed by X and Threads, which Facebook's parent debuted in July 2023. Threads has roughly 275 million monthly users, Meta CEO Mark Zuckerberg said in October. Although Musk said in May that X has 600 million monthly users, market intelligence firm Sensor Tower estimates 318 million monthly users as of October.
Persons: Bluesky, Elon Musk's, Jay Graber, CNBC's, Graber, Elon Musk, Meta didn't, Mark Zuckerberg, Musk, Jack Dorsey's, Dorsey, Jack, we're, we've, that's, Nobody's, algorithmically, We're, That's, Trump Organizations: Twitter, Elon, Meta, Blockchain Capital Locations: Brazil
Fabien Pinckaers, CEO of Belgian-based enterprise software startup Odoo. OdooOdoo, a startup taking on SAP in the realm of enterprise software, boosted its valuation to 5 billion euros ($5.3 billion) in a secondary share round led by Alphabet 's venture fund and Sequoia Capital. "The reason everybody [has] failed [in this market] is that it's quite complex," Pinckaers told CNBC. The last time Odoo secured primary funding was in 2014, when it raised $10 million in a Series B round. Prior to the latest secondary round, Odoo was most recently valued by investors at 3.2 billion euros.
Persons: Fabien Pinckaers, Odoo, Pinckaers, Andrew Reed, Reed, He's, Billings, aren't, Alex Nichols, CapitalG, he's, bootstrapping, Odoo hasn't, Wallonie Organizations: Belgian, SAP, Sequoia Capital, CNBC, Enterprise, Sequoia, Summit Partners Locations: Belgium, India, billings, Sequoia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBoth open and closed source models essential to AI race, Hugging Face co-founder saysThomas Wolf, co-founder and chief science officer at Hugging Face, says both open source and closed source artificial intelligence models are going to be critical to the future of the industry.
Persons: Thomas Wolf
CNN —Ukraine’s army chief has warned that his forces are facing “one of the most powerful Russian offensives” since the start of the war as Russia claimed it captured more settlements on the eastern frontline. Russia has steadily been making gains in the eastern Donbas region, which Russia’s President Vladimir Putin aims to capture in full. Vyshneve is close to Pokrovsk, a key logistics hub in the east and a major target of the Russian offensive. Meanwhile Russian drone attacks continue, with Ukraine bracing for what could be a difficult winter with energy infrastructure already badly hit. Over the past week, Russia has dropped more than 900 bombs on Ukraine, and launched about 30 missiles and nearly 500 Shahed drones in various regions of Ukraine, he added.
Persons: CNN —, Vladimir Putin, Ukraine’s, Oleksandr Syrskyi, Vyshneve, Volodymyr Zelensky, Zelensky, ” Zelensky, Genya Savilov, Kamala Harris, Biden, Donald Trump Organizations: CNN, Reuters, Getty, North, Ukraine Locations: Russia, Donetsk, Pokrovsk, Russian, Ukraine, Moscow, China, Europe, America, Lyman, AFP, Russia’s Kursk
CEO Sam Altman explained the company's shift to closed AI models in a Reddit AMA on Thursday. AdvertisementWhy doesn't OpenAI open-source the AI models behind ChatGPT if the company is called OpenAI? Altman responded that open source "plays an important role in the ecosystem and there are great open source models in the world." The comments from Altman follow a year in which OpenAI has received criticism for no longer open-sourcing its AI models. "There is no single open source AI definition, and defining it is a challenge because previous open source definitions do not encompass the complexities of today's rapidly advancing AI models," the spokesperson said.
Persons: OpenAI, Sam Altman, , Altman, Elon Musk, ChatGPT, Musk, Ilya Sutskever, Mark Zuckerberg, OpenAI's GPT Organizations: Service, Microsoft, OpenAI, Meta, OSI
The Infinite Monkey Theorem hypothesizes that, given a typewriter and an infinite amount of time, a monkey could in theory produce the full works of William Shakespeare. According to Open Source Shakespeare, a web page containing all of the bard’s plays, poems and sonnets, there are 884,421 words in the entire works of Shakespeare. While the Shakespeare Birthplace Trust says the writer introduced more than 1,700 words into the English language, "banana" was not one of them. Other academics were less incredulous, suggesting that the paper was a wild goose chase — a phrase itself invented by Shakespeare. It may be time for the theorem to exit popular usage — pursued, unsuccessfully, by a monkey.
Persons: William Shakespeare, Franklin, ” Stephen Woodcock, , ” Woodcock, it’s, Woodcock, Jay Falletta, Shakespeare, George — “, , ” Ian Stewart, ” Martin Hairer, Daniel Simmonds, Simmonds, Organizations: Galaxy, University of Technology Sydney, university’s, Mathematical, Physical Sciences, NBC News, Trust, Warwick University, Imperial College London, London Zoo, Zoological Locations: Australia, Zaire
VMware customers face steep price hikes and late fees post-Broadcom acquisition. Under Broadcom, VMware now focuses on strategic clients and subscription models. Besides massive price increases, some customers are being hit with a late fee of around 20%, according to two partners. AdvertisementColpitts said that the text about the late fee in the email was bolded, making it seem like a "scare tactic." AdvertisementSwitching to VMware alternativesSome VMware competitors have seen the acquisition by Broadcom as an opportunity to win over VMware customers.
Persons: , Dean Colpitts, Ignacio Llorente, Llorente, Colpitts, Rick Vanover, there's, Bruce Kornfeld, Forrester, OpenStack Organizations: VMware, Broadcom, Service, Business, IT, OpenNebula Systems
Anandkumar, a former senior director of Nvidia's AI research, left the private sector last year to return full time to academia at CalTech, where she serves as a Bren professor in the computing and mathematical sciences department. Her lab focuses on tensors, which can help solve higher-order problems in AI, such as simulating fluids. She helped build an AI-based weather model and made it available as open source. She hopes that by figuring out how AI can better simulate the physical world, researchers can more accurately predict and alleviate the climate crisis. See Business Insider's full AI Power List
Organizations: CalTech
Chinese smartphone company Honor on Wednesday revealed new AI features. U.S. sanctions cut Huawei off from Google, prompting the Chinese company to launch its own operating system, HarmonyOS, in 2019. Telecommunications giant Huawei on Tuesday launched an upgrade to its HarmonyOS system that eliminated reliance on the Google-created Android operating system. The new AI features are slated for release on Honor's forthcoming Magic 7 smartphone, due for launch on Oct. 30. Chinese home appliance and smartphone company Xiaomi will also launch a new phone this month that uses Qualcomm's Snapdragon Elite 8 chip.
Persons: George Zhao, Toby Zhu, Canalys Organizations: Huawei, Google, Telecommunications, Baidu, Qualcomm, CNBC Locations: Shanghai, China
Tech investor Ray Wang — who owns all Magnificent Seven stocks — laid out his rankings of favored tech plays on Monday. Wang equated the AI expansion to the Amazon 's early e-commerce buildout. Amazon is Wang's second favorite Magnificent Seven pick, followed by pure-play AI beneficiaries Microsoft and Alphabet . Wang also expects the company — along with Alphabet — to benefit from the political advertising season underway. Here's how each Magnificent Seven member is doing year to date: Nvidia: up 182% Amazon: up 22.8% Microsoft: up 10% Alphabet: up 17% Apple: up 22% Tesla: Down 12.4% Meta Platforms: up 61%
Persons: Ray Wang —, CNBC's, Wang, Tesla, Elon Organizations: Constellation Research, Nvidia, Microsoft, Apple
Russian artillery depends on a complex supply chain vulnerable to sanctions, defense experts say. Each company has its own supply chain of subcontractors, such as factories that make special steel. Current Western sanctions tend to be too broad and sporadic to cripple Russian defense production. A better approach would be a mixture of economic sanctions and diplomatic pressure focused on Russia's artillery supply chain, concluded the report. AdvertisementNonetheless, sanctions might ultimately prove to be a more effective approach than trying to destroy Russian artillery in combat.
Persons: , Charly TRIBALLEAU, RUSI, NIMI Bakhirev, Reich, Michael Peck Organizations: Service, Royal United Services Institute, Scranton Army, Plant, Getty, Burevestnik Research, NATO, Allied, Germany, Central, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Russia, Ukraine, Donetsk, British, Soviet, Scranton, Pennsylvania, AFP, China, Germany, South Korea, Italy, Japan, Taiwan, Yekaterinburg, Volgograd, Perm, Nizhny Novgorod, Uzbekistan, Kazakhstan, Kazakh, Turkey, Forbes
World Liberty Financial is separate and apart from Trump Media & Technology Group , the parent company of social media platform Truth Social. Trump Media, known by ticker symbol DJT, started trading in March, after going public through a special purpose acquisition company (SPAC). On Tuesday, the former president and current Republican nominee aims to launch WLFI, the token accompanying his new crypto project called World Liberty Financial. Trump owns about 57% of DJT's outstanding shares, but his potential control over World Liberty Financial is more opaque. Folkman added that WLF would publish the "long-awaited" roadmap for the project on Tuesday, in tandem with the token sale.
Persons: It's, that's, they're, Trump, Donald Trump, Zachary Folkman, Donald J, Folkman, it's, WLF, Stani Kulechov, Kulechov, Monday's Organizations: Liberty, Trump Media & Technology Group, Trump Media, CNBC, Republican, Nasdaq, Truth Social, SEC, Trump, Finance, Liberty Financial, Permissionless Locations: New York City, U.S, DeFi, Salt Lake City , Utah
Automattic founder, Matt Mullenweg Source: AutomatticMatt Mullenweg, who turned 40 in January, has now spent more than half his life working on WordPress. Silicon Valley private equity firm Silver Lake bought a majority stake in WP Engine in 2018, investing $250 million and obtaining three board seats. WordPress took the drastic step of banning WP Engine from using the WordPress resources necessary to serve its customers, which preceded a lawsuit filed on Wednesday by WP Engine against Mullenweg and Automattic. In the post, Mullenweg criticized WP Engine for not contributing enough back to the WordPress ecosystem. A Silver Lake spokesperson said WP Engine was handling all inquiries.
Persons: Matt Mullenweg, He's, , I've, Mullenweg, he'd, Neal Katyal, Tomasz Tunguz, Tunguz, Automattic, Lee Wittlinger, they're, didn't, Bob Perkowitz, Perkowitz, he's, They've, wouldn't Organizations: WordPress, WP, Silver Lake, CNBC, Theory Ventures, WordPress.org Locations: U.S, WordCamp, Portland , Oregon, Silver, Auotmattic
XRP was last lower by more than 9% at 52 cents a coin, according to Coin Metrics. Ripple, the largest holder of XRP coins, scored a partial victory last summer after a three-year battle with the SEC. U.S. District Judge Analisa Torres handed down the decision, which was hailed as a landmark win for the crypto industry. Still, while XRP isn't considered a security when sold to retail investors on exchanges, it is considered an unregistered security offering if sold to institutional investors. XRP, which was created by the founders of Ripple, is the native token of the open source XRP Ledger, which Ripple uses in its cross-border payments business.
Persons: XRP, Analisa Torres, XRP isn't, Brad Garlinghouse, Stuart Alderoty, Alderoty, Gary Gensler, Garlinghouse Organizations: Securities and Exchange Commission, SEC, U.S, District, Bitwise Asset Management Locations: Paris, France, Delaware
Russia appears to have finally seized Vuhledar, a key frontline town in eastern Ukraine. AdvertisementRussia appears to have gained control over a key Ukrainian frontline town, military experts said, as the town's governor described a difficult situation for Ukraine there. Citing open sources and pro-Russian military bloggers, the Institute for the Study of War said that as of Tuesday, "Russian forces likely seized Vuhledar." Russian forces have been seen moving freely about the town and planting flags there, the ISW reported. Advertisement"It is unclear if Russian forces will make rapid gains beyond Vuhledar in the immediate future," the think tank added.
Persons: Vuhledar, , Vadym Filashkin, Filashkin, Vladimir Putin, Federico Borsari Organizations: Service, Institute for, Kyiv Post, , Ukrainian Armed Forces, Reuters, Human Rights, Politico, 155th Naval Infantry Brigade, Kyiv Independent, Center for Locations: Russia, Ukraine, Ukrainian, Russian, Vuhledar's, Ukraine's, Donetsk, Kyiv, Moscow, Donetsk Oblast, Vuhledar, Pokrovsk
In addition to the Computex display, humanoid robots have come up on Nvidia's last two earnings calls. The first is self-driving cars and the second is likely to be humanoid robots. Project Groot, which the company refers to as a "moonshot" initiative, is a foundation model for humanoid robots. AdvertisementIt feels like every player aiming for humanoid robots is in it for themselves, Kapoor said. Simulators are an essential stop on the path to humanoid robots, but they don't necessarily lead to human-like perception.
Persons: Jensen, , Jensen Huang, gesturing, Elon Musk, Huang, Raul Martynek, Databank, Isaac, Tesla, That's, Sophia Velastegui, who's, William, Omniverse, Ashish Kapoor, Kapoor, Jonathan Stephens, Martynek, Velastegui Organizations: Service, Nvidia, Apple, Google, Microsoft, BMW, Boston Dynamics, BYD Electronics, Siemens, sunsetted, Foundations, Grid, Scaled Foundations, Star Locations: Taipei, Taiwan, Computex
The aircraft were spotted carrying highly destructive 2,000-pound bombs. AdvertisementAn Israeli fighter jet carrying multiple BLU-109 bombs. Israeli Air Force photoThe BLU-109 is a US-made air-to-ground munition that weighs 2,000 pounds. Related storiesThe Biden administration paused a shipment of the controversial 2,000-pound bombs to Israel earlier this year in response to concerns over the safety of civilians in Gaza. The Israeli military said on Friday that it targeted Hezbollah's central headquarters located underneath residential buildings in a Beirut suburb.
Persons: Israel, Hassan Nasrallah, , ״, מטוסי, Hi4fXfPhL2, Biden, Nasrallah, Joe Biden Organizations: Service, Israeli Air Force, Air Force, Munitions, Armament Research, The New York Times, US Air Force, Associated Press Locations: Beirut, Lebanon, US, Israel, Gaza, Iran, Yemen
Kupol, Almaz-Antey and the Russian defense ministry did not respond to requests for comment for this article. He said more information was needed to establish that China was playing host to production of Russian military drones. "China cannot continue to fuel the largest conflict in Europe since the Second World War without this impacting its interests and reputation." "We are extremely concerned by reports that Russia is producing military drones in China," a spokesperson said. Beijing has repeatedly denied that China or Chinese companies have supplied Russia with weapons for use in Ukraine, saying the country remains neutral.
Persons: Russian Federation Manuel Augusto Moreno, IEMZ, Kupol, Fabian Hinz, Samuel Bendett, Farah Dakhlallah, Kupol's Organizations: Russian Federation, Ukraine, Reuters, International Institute for Strategic Studies, Center, New, New American Security, White House National Security Council, NATO Locations: People's Republic of China, Russia, China, Russian, Ukraine, Beijing, London, New American, Washington, U.S, Europe, Kupol, Izhevsk
He had only been at Carnegie Mellon University for three months and knew the career fair was not meant for non-graduating students. "When the time came after nine months for my actual career fair, I focused on those companies a bit more." "That really helped because right out of the first career fair I attended properly, I had six or seven calls," he said. This is the résumé that Ghatage used to attend job fairs in 2016:Ghatage's résumé in 2016 during his master's program. Tweaking work experience: Writing about early work experience is tough because it often had limited impact, Ghatage said.
Persons: , Ghatage, Ghatage's Organizations: Service, Carnegie Mellon University, Business, Google, Cisco, SAP Locations: Salesforce, company's
The newly-released models, known as Qwen 2.5, are designed for use in applications and sectors ranging from automobiles to gaming and science research, Alibaba said. AI models are trained on huge amounts of data. By open sourcing the models, Alibaba hopes more users will use its AI. Alibaba also launched a new text-to-video tool based on its AI models. "Alibaba Cloud is investing, with unprecedented intensity, in the research and development of AI technology and the building of its global infrastructure," Eddie Wu, CEO of Alibaba, said in a statement.
Persons: Alibaba, Max, Sora, Eddie Wu Organizations: Baidu, Huawei, titans, Microsoft, Max Locations: Nanjing, Jiangsu province, China, Hangzhou
Russia’s invasion of Ukraine has long conjured images of war that Europe thought had been consigned to the history books. Several Ukrainian military units have shared videos of these drones in action in recent days. Ukraine’s 108th separate mountain assault battalion shared another video over the weekend, saying that its drone pilots had flown the “dragon drones” over Russian positions. Video purportedly shows a Ukrainian "dragon drone" shared on Telegram by Zelenskyy's chief adviser Andriy Yermak on Monday. They also include at least one instance of the fiery drones being used in Russia’s border Kursk region, which Ukrainian troops invaded last month, he said.
Persons: , Volodymyr Zelenskyy’s, Andriy Yermak, It’s, , ” James Patton Rogers, Emil Kastehelmi, Kastehelmi, Rogers, Justin Bronk Organizations: Kyiv, Moscow’s, Ukrainian, Mechanized Brigade, NBC News, NBC, Cornell Brooks School Tech Policy Institute, Telegram, Bird Group, , Armed Forces of, Russian, Royal United Services Institute Locations: Ukraine, Europe, New York, Ukrainian, Finland, Russian, Zaporizhzhia, Donetsk, Kharkiv, Russia’s, Kursk, Armed Forces of Ukraine, British, Moscow
AI researcher Anima Anandkumar highlights the role of AI in weather, climate, and medical design. She formerly worked at Nvidia on machine learning research and now spearheads Caltech's AI research. The former Nvidia senior director of AI research and Amazon Web Services alum spent decades working at the forefront of AI algorithms and helped make Nvidia's FourCastNet weather simulator available as open source. I see that as the golden age of open research where even in industry, you could open source, you could publish, you could freely collaborate. To me, my goal to be having a dual appointment was to really enable open research and do that for beneficial tasks.
Persons: , Anima, Anandkumar, fluidly, I've, ChatGPT, I'm, it's, Gavin Newsom, That's Organizations: Nvidia, Service, Web Services, Caltech, Business, Big, Big Tech, AWS, TED, Gov Locations: Big Tech, California
Rather than developing its own AI models, JPMorgan designed LLM Suite to be a portal that allows users to tap external large language models — the complex programs underpinning generative AI tools — and launched it with ChatGPT maker OpenAI’s LLM, said the people. ChatGPT banThe bank is giving employees what is essentially OpenAI’s ChatGPT in a JPMorgan-approved wrapper more than a year after it restricted employees from using ChatGPT. The number of uses for generative AI are “exponentially bigger” than previous technology because of how flexible LLMs are, Heitsenrether said. Ultimately, the generative AI field may develop into “five or six big foundational models” that dominate the market, she said. Heitsenrether charted out three stages for the evolution of generative AI at JPMorgan.
Persons: ” Teresa Heitsenrether, , ChatGPT, Morgan Stanley, Jamie Dimon, Dimon, JPMorgan didn’t, Heitsenrether, , “ We’ve, ” Heitsenrether, it’s, — CNBC’s Leslie Picker Organizations: JPMorgan Chase, CNBC, JPMorgan, Apple, Accenture, Citigroup Locations: U.S
"We're grateful for John's contributions as a founding team member at OpenAI and his dedicated efforts in advancing alignment research," OpenAI said in a statement to TechCrunch. (I first met John in a cafe in Berkeley in… — Sam Altman (@sama) August 6, 2024This makes Schulman the eighth cofounder who has left OpenAI since its founding in 2015. — Greg Brockman (@gdb) August 6, 2024Besides Schulman, OpenAI has seen multiple exits among its leadership ranks in recent months. In May, OpenAI co-founder and chief scientist Ilya Sutskever announced his resignation from the company. To be sure, not everyone has left OpenAI on such acrimonious terms.
Persons: , John Schulman, Schulman, Altman, OpenAI, John, … — Sam Altman, — Altman, Wojciech Zaremba, Greg Brockman, Brockman, Ilya Sutskever, he'd, OpenAI's, Jan Leike, Leike, Elon Musk, Musk, Roboticist Trevor Blackwell, Vicki Cheung, Durk Kingma, Pamela Vagata, Andrej Karpathy, Karpathy, Tesla, OpenAI didn't Organizations: Service, Business, Superintelligence Inc, OpenAI, Microsoft, Google, ChatGPT, EV giant's, Business Insider Locations: OpenAI, Berkeley,
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