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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInside the team of former prosecutors trying to fight Amazon's growing counterfeit problemCounterfeits became a big problem on Amazon after an influx of Chinese-based sellers joined in 2015, causing brands like Nike and Birkenstock to quit selling directly on the site. In 2020, Amazon launched the Counterfeit Crimes Unit, which joined law enforcement on 50 raids and the seizure of 7 million counterfeit products in 2023. But retail experts say it's not enough. CNBC visited Amazon's team of former prosecutors and a military gear brand that's partnered with them to sue counterfeiters.

Persons: Counterfeits, Birkenstock, counterfeiters Organizations: Nike, Amazon, CNBC, Amazon's

☆ Here’s why China has been testing its autonomous car technology in the U.S. for years
▼ + stars: | 2024-10-23 | by ( Magdalena Petrova | ) www.cnbc.com time to read: +3 min

Chinese companies are aggressively developing autonomous vehicles. In August, China announced that it had issued 16,000 test licenses for driverless cars and opened up about 20,000 miles of roads nationwide for autonomous vehicle testing. But Chinese autonomous vehicle companies have also quietly been testing their technology on U.S. streets. Michael Dunne, CEO and founder of consulting firm Dunne Insights, told CNBC that China had "carte blanche" when it comes to testing AVs in California. Missy Cummings, a former senior safety advisor to the National Highway Traffic Safety Administration, told CNBC the ban was a good start.

Persons: Didi, WeRide, Michael Dunne, Dunne, Let's, Missy Cummings, Cummings, Marc Veasey, Biden Organizations: Baidu, California Department of Motor Vehicles, CNBC, Apple, U.S, National, Traffic Safety Administration Locations: China, California, Silicon, Texas, U.S, California , Nevada, Utah, United States

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy investors think Cava can become the next ChipotleCava, the fast-casual Mediterranean chain known for its bowls and pitas, has had a massively successful year following its IPO in June 2023. It's revenue, same-store sales and transaction growth have all seen major increases in its second quarter in 2024. Some analysts predict it will follow predecessor and competitor, Chipotle's, path.

Locations: Cava

☆ How Elon Musk hopes his new supercomputers will boost his businesses
▼ + stars: | 2024-09-21 | by ( Magdalena Petrova | ) www.cnbc.com time to read: +3 min

Dojo will process and train AI models using the large amounts of video and data captured by Tesla cars. Subscriptions to Tesla's FSD features cost $99 a month and include automatic lane changes, automatic parking and automatic stopping for traffic lights and stop signs. Tesla hopes Dojo, which Musk says has been running tasks for Tesla since 2023, will change that. Musk has said that Tesla plans to spend $10 billion this year on AI. To learn more about Elon Musk's supercomputer plans, watch the video.

Persons: Elon Musk, Tesla, They've, let's, Steven Dickens, Cruise, Didi, Musk Organizations: Futurum, Baidu, Microsoft, Google, Memphis, Elon Locations: Buffalo , New York, Austin , Texas, China, Memphis , Tennessee

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow ChatGPT transformed OpenAI from a little-known startup to a leader in AI developmentOpenAI was founded as a nonprofit in 2015 by a number of researchers, academics and entrepreneurs, including Sam Altman, Greg Brockman and Elon Musk. In 2022, OpenAI gained worldwide recognition when it launched its ChatGPT chatbot. It was the first time that many people were introduced to generative AI and within two months, ChatGPT had 100 million monthly users. OpenAI is now valued at over $80 billion and counts Microsoft as a major investor and partner.

Persons: OpenAI, Sam Altman, Greg Brockman, Elon Musk, ChatGPT Organizations: Microsoft

☆ The rise of OpenAI and Microsoft's $13 billion bet on the AI startup
▼ + stars: | 2024-08-10 | by ( Magdalena Petrova | ) www.cnbc.com time to read: +1 min

OpenAI, the company behind the ChatGPT chatbot, was founded in 2015 by a number of researchers, academics and entrepreneurs, including Sam Altman, Greg Brockman and Elon Musk. At the time, OpenAI said Musk left to avoid a conflict of interest with his other company, Tesla , which was becoming increasingly focused on AI. In the years since, OpenAI has grown into one of the prominent leaders in AI development. OpenAI now reportedly generates annual revenue of $3.4 billion, and has notable customers, including PwC, Moderna and Estée Lauder. Microsoft has invested about $13 billion into the AI startup.

Persons: Sam Altman, Greg Brockman, Elon Musk, Altman, Brockman, Musk, OpenAI, Estée Lauder Organizations: Tesla, Moderna, Microsoft, Big Tech Locations: OpenAI

☆ Startups are building balloons to hoist tourists 100,000 feet into the stratosphere
▼ + stars: | 2024-07-13 | by ( Magdalena Petrova | ) www.cnbc.com time to read: +2 min

CNBC spoke to three startups — France-based Zephalto, Florida-based Space Perspective and Arizona-based World View — that aim to hoist tourists to the stratosphere using pressurized capsules and massive gas-filled balloons. "The capsule itself is designed to to carry eight customers and two crew into the stratosphere," said Ryan Hartman, CEO of World View. World Views says it sold 1,250 tickets so far while Space Perspective has sold 1,800. Ticket prices range from $50,000 per seat with World View to around $184,000 with Zephalto. Space Perspective sells tickets to its experience for $125,000 per seat.

Persons: Ryan Hartman, Jane Poynter, Poynter, Vincent Farret d'Astiès, Zephalto Organizations: SpaceX, Virgin Galactic, CNBC, —, U.S Locations: — France, Florida, Arizona

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHigh above the clouds — the rise of stratospheric balloon tourismA number of startups are hoping to hoist tourists to the stratosphere using pressurized capsules and massive gas-filled balloons. CNBC spoke to three of them, France-based Zephalto, Florida-based Space Perspective and Arizona-based World View. The balloon trips wouldn't take passengers all the way into space but the companies said passengers would be able to experience the "overview effect," a common, highly emotional phenomenon felt by astronauts when they see the earth against the blackness of space.

Organizations: CNBC Locations: France, Florida, Arizona

☆ Boeing Starliner's long and grueling road to launching astronauts
▼ + stars: | 2024-06-08 | by ( Magdalena Petrova | Jeniece Pettitt | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBoeing Starliner's long and grueling road to launching astronautsBoeing's Starliner is a human-grade space capsule designed to take astronauts to and from the International Space Station under NASA's Commercial Crew contract. To date, NASA has given Boeing nearly $5 billion to develop Starliner, but the company has struggled amid a myriad of delays and technical issues. Boeing recently launched its last test, a milestone crewed mission, which it needs to complete before NASA can certify Starliner to begin operational missions.

Organizations: Boeing, International Space, NASA

☆ Behind Boeing's decade-long struggle to launch astronauts on Starliner
▼ + stars: | 2024-06-08 | by ( Magdalena Petrova | ) www.cnbc.com time to read: +1 min

Boeing 's Starliner is a human-grade space capsule designed to take astronauts to and from the International Space Station. Boeing began work on the capsule in 2014, when it signed a $4.2 billion contract with NASA under the agency's Commercial Crew Program. "The entirety of the Commercial Crew Program was very much a new venture," said Caleb Henry, director of research at Quilty Space. Of the nearly $5 billion Boeing has received to develop Starliner to date, the company has spent $1.5 billion to cover delay overruns. SpaceX, meanwhile, has completed over a dozen crewed missions to space, launching both NASA astronauts and private citizens since 2020.

Persons: Caleb Henry, Henry, it's Organizations: Boeing, International Space Station, NASA, SpaceX, Elon

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Disney CEO Bob Chapek on ESPN's futureBob Chapek, former Disney CEO, sat down with CNBC's Alex Sherman in his first public interview since leaving Disney to discuss his thoughts on ESPN's future.

Persons: Bob Chapek, CNBC's Alex Sherman Organizations: Former, Disney

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChairman Jimmy Pitaro on ESPN's uncertain futureESPN chairman James Pitaro sat down with CNBC to discuss the company's future as it faces serious cord cutting and competition from tech companies like Amazon and YouTube with deeper pockets than parent company Disney.

Persons: Jimmy Pitaro, James Pitaro Organizations: ESPN, CNBC, Amazon, Disney

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow ESPN is trying to stay relevant as cable declinesESPN has been the most dominant sports channel for more than 40 years. It holds live sports rights including the NFL's Monday Night Football, the NBA and the WNBA. But as millions of Americans cancel their cable TV subscriptions and big tech companies like Amazon and YouTube bid on live sports, ESPN has had to adjust — or decline along with the pay-TV business. CNBC sat down with former and current executives to talk about the future of the sports juggernaut.

Organizations: ESPN, Football, NBA, Amazon, YouTube, CNBC

Norway has had massive success with EV adoption — 82% of new cars sold in the country in 2023 were electric, according to the Norwegian Road Federation. This high adoption rate can be attributed to the generous subsidies the Scandinavian country has offered to electric vehicle owners as well as its investment in charging infrastructure. Tesla's early foothold there has made Norway a pivotal proving ground for the company and a national model for electric vehicle transition. Norwegians were the first European customers to receive deliveries of the Tesla Model S in 2013. CNBC traveled to Norway to meet with local people, government officials and experts to find out how Tesla has become so successful in the Scandinavian country.

Persons: Elon Musk, Tesla Organizations: Norwegian Road Federation, Nordic, Tesla, Toyota, Skoda, Volkswagen, CNBC Locations: Norway

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow Tesla became so popular in NorwayNorway is the world leader when it comes to electric vehicle adoption. 82% of new car sales were electric in 2023. Tesla sold over 23,000 Model Ys in Norway last year, significantly more than its top competitors there, Volkswagen and Skoda. Tesla accounted for about 20% of all vehicles sold in the country last year and 2023 marked the third year in a row that Tesla was the top car brand in Norway. CNBC traveled to Norway to find out why the Scandanvian country is so important for Tesla.

Persons: Tesla Organizations: Volkswagen, Skoda, CNBC Locations: Norway Norway, Norway

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow Norway built an EV utopia while the U.S. is struggling to go electricNorway boasts the highest electric vehicle adoption rate in the world. 82% of new car sales were electric vehicles in Norway in 2023. The Norwegian government started incentivizing the purchase of EVs back in the 1990s, but sales really started to take off about ten years ago when Tesla and other EV models became available there. CNBC traveled to Norway to meet with experts, government officials and locals to find out how the Scandinavian country pulled off such a high EV adoption rate.

Persons: Tesla Organizations: CNBC Locations: Norway, U.S, Norwegian

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's why the U.S., China, India, Japan and others are rushing back to the moonTo date, only five nations, the U.S.,Russia, China, Japan and India, have completed a successful soft landing on the moon. But bolstered by evidence of the presence of water and other natural resources, many more nations and private companies are now seeking to get to the moon. And whoever is able to establish a significant lunar presence first could have big implications on Earth as well as the cosmos.

Locations: U.S, China, India, Japan, Russia

☆ Why there is a new global race to the moon
▼ + stars: | 2024-01-20 | by ( Magdalena Petrova | ) www.cnbc.com time to read: +2 min

But moon landings are likely to become more common over the next few years. "The moon is a proving ground," said Michelle Hanlon, executive director at the Center for Air and Space Law at the University of Mississippi. But, once we figure that out, the helium-3 on the moon could seriously power the Earth, the entire Earth, for centuries," Hanlon said. "But a second, newer part to this is the belief that there are significant resources on the moon that are useful to Earth, or useful for future space flight." To find out more about the new moon race and why the U.S. and China are currently the leaders, watch the video.

Persons: Michelle Hanlon, Hanlon, Dean Cheng Organizations: European Space Agency, Center for Air, Space, University of Mississippi, United States Institute of Peace Locations: Japan, Russia, China, India

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe business behind budget airlines like Ryanair and SpiritThe low-cost business model was first implemented by Pacific Southwest Airlines in 1949 and perfected by Southwest Airlines in the early 1970s. Today, low-cost carriers like Ryanair in Europe and Spirit Airlines in the U.S. make up almost a third of all global airline capacity. These airlines use several strategies to keep costs down including limiting their amenities to the bare minimum and charge for add-ons such as seat selection, food and luggage.

Organizations: Ryanair, Pacific Southwest Airlines, Southwest Airlines, Spirit Airlines Locations: Europe, U.S

☆ Budget airlines like Spirit and Ryanair make up almost a third of global airline capacity. Here's how they do business
▼ + stars: | 2023-12-20 | by ( Magdalena Petrova | ) www.cnbc.com time to read: +3 min

Budget airlines have become common, making a no-frills experience for travelers a core part of their business models. Budget airlines in Europe include EasyJet , Ryanair and Wizz Air, while Asia is served by players such as AirAsia and IndiGo . Some of South America's low budget airlines include JetSmart, GOL and Wingo. Budget airlines try to keep a close eye on their operational costs by maximizing time spent in the air and passenger volume. "You typically see pilot pay a little bit lower on Spirit and Frontier and some of the budget airlines compared to the full service airlines," Keyes said.

Persons: Scott Keyes, Savanthi Syth, Raymond James, Keyes Organizations: Southwest Airlines, Spirit Airlines, Budget, EasyJet, Ryanair, Wizz, AirAsia, IndiGo, CNBC Locations: U.S, Europe, Asia, GOL, Wingo

CNN —Police carried out raids on gay venues in Russia late Friday, two online Russian news outlets reported, one day after the country’s top court ruled to ban the “international LGBTQ movement” and labelled it an extremist organization. “Yesterday was the only drug raid at Hunters Party. Another source with direct knowledge of the raid on the Hunters Party pop-up told CNN it was just a routine drug raid. However, people chatting on an online group linked to the Hunters Party expressed their fear. It is now illegal in Russia to promote or “praise” LGBTQ relationships, publicly express non-heterosexual orientations or suggest that they are “normal.”

Persons: Vladimir Putin, Ostorozhno Novosti, Eyewitnesses, “, Natalia Kolesnikova, Sota, ”, Milana Petrova –, ” Petrova, Alexey Khoroshy, Khoroshy, Putin Organizations: CNN — Police, Supreme, West, Russian Telegram, Ostorozhno, Sota, Police, Telegram, Central Station, Secret, Hunters Party, Getty, Central Station Club, CNN Locations: Russia, Moscow, St, Petersburg, Ostorozhno Novosti, St . Petersburg, Young, AFP, Russian, Ukraine falters

☆ Starlink’s rapid growth and influence has made it an indispensable part of Elon Musk’s SpaceX
▼ + stars: | 2023-11-11 | by ( Magdalena Petrova | ) www.cnbc.com time to read: +3 min

In this article ETL-FRTMUSAMZNVSAT Follow your favorite stocks CREATE FREE ACCOUNTElon Musk's SpaceX is known for its frequent launches, which now dominate the space industry. But the satellites that the rockets send to space are just as important for the company as the launches. SpaceX launched its first batch of Starlink satellites in 2019. Whereas prior satellite service providers have ramped up to anywhere at most between 500,000 to a little bit over a million subscribers. "Starlink's importance to SpaceX overall as a company is imperative.

Persons: Elon, Starlink, Brent Prokosh, Prokosh, Kari Bingen, Metin Organizations: SpaceX, Aerospace Security, Center for Strategic, International Studies, Independence, Anadolu Agency, Getty Locations: Russia, Ukraine, Kherson

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailElon Musk's Starlink business has grown quickly and so has its influenceSpaceX has said its satellite internet service, Starlink, now has more than 2 million active customers and is available on all seven continents and in over 60 countries. Praised for its ability to connect remote parts of the world , Starlink has also become indispensable in areas hit by natural disasters, and, more recently, during times of conflict, particularly in the Russia-Ukraine war. But some are worried about Musk's and Starlink's growing influence.

Persons: Elon Musk's, Starlink Organizations: Elon, SpaceX Locations: Russia, Ukraine

☆ The Nature Conservancy photo contest 2023: Winners announced
▼ + stars: | 2023-11-06 | by ( Manav Tanneeru | Arya Jyothi | ) edition.cnn.com time to read: +2 min

“A simple stream teeming with life turned into another world — a galaxy of greens and blues shining through a dark canvas,” said contest director and judging coordinator Alex Snyder of the winning image. Captured by Irina Petrova Adamatzky, this photograph shows the glowing skin of a corn snake under ultraviolet light. Irina Petrova Adamatzky/TNC Photo Contest 2023Some images depict the peril of the natural world, like photographer Raphael Alves’ winning photograph in the Climate category, illustrating rising rivers in Anama, Brazil, in May 2021. The Nature Conservancy hopes the images will raise awareness, evoke an emotional connection to the natural world, and help support global conservation efforts. “Additionally, photography has long been a tool used by scientists and researchers to document and monitor every aspect of our natural world.

Persons: Tibor Litauszki, Tibor, Litauszki, ”, Alex Snyder, Irina Petrova Adamatzky, Raphael Alves ’, “, Alves, Yellowstone, Snyder Organizations: CNN, Nature Conservancy, Conservancy Locations: Anama, Brazil

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe study of UFOs goes mainstreamFor decades, much of the discourse around UFOs has been confined to science fiction movies and novels. In the absence of government commentary on the topic, conspiracy theories around the U.S. hiding alien life and technology in secret compounds like Area 51 have run rampant. In an attempt to address potential national security questions, Washington, D.C. has taken up the charge to publicize and legitimize the study of unidentified anomalous phenomena, or UAPs, as the military is calling UFOs.

Locations: Washington

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