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☆ Up-and-coming companies race to develop drone defenses that militaries and multinational corporations may now need
▼ + stars: | 2024-11-30 | by ( Lauren Frias | ) www.businessinsider.com time to read: +6 min

Defense companies like MARSS and Dedrone sell systems designed to defeat drones. Attack drones are evolving so rapidly in the cauldrons of combat in the Middle East and Ukraine that militaries and even law enforcement agencies see a pressing need for defenses. Companies are rushing to meet these needs even as unmanned aerial vehicles continue to change rapidly to exploit vulnerabilities. AdvertisementOne company specializing in creating the battlefield awareness systems to spot and defeat drones is MARSS, a global defense technology company. DedroneVirginia-based drone company Dedrone by Axon has integrated artificial intelligence and machine learning solutions into its open-architecture counter-drone platforms.

Persons: we've, Jamey D, Jacob, Josh Harman, MARSS, Harman, UASWeekly, MARSS's Harman, Mary, Lou Smulders Organizations: Defense, Oklahoma State University's Unmanned Systems Research Institute, Business, MARSS, Red, US Army Combat Capabilities, Command, Red Sands, OSU Locations: East, Ukraine, Saudi Arabia, Saudi, Dedrone Virginia, Dedrone

☆ ChatGPT has entered its Terrible Twos
▼ + stars: | 2024-11-30 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

Since then, its user base has doubled to 200 million weekly users. AdvertisementFor one, ChatGPT has helped turbocharge global investment in generative AI. The biggest beneficiaries of the generative AI boom have been the biggest companies. In September, OpenAI previewed o1, a series of AI models that it says are "designed to spend more time thinking before they respond." ChatGPT Plus and Team users can access the models in ChatGPT.

Persons: ChatGPT, It's, OpenAI, Ben Ellencweig, Bryan Chiang Organizations: Tech, Bloomberg, Boston Consulting, Big Tech, Stanford, Business

☆ In the new space race, hackers are hitching a ride into orbit
▼ + stars: | 2024-11-30 | by ( Vikram Barhat | ) www.cnbc.com time to read: +11 min

If compromised, AI systems could be used to interfere with or take control of strategically important national space missions. Critical space infrastructure is susceptible to threats across three key segments: in space, on the ground segment and within the communication links between the two. "In many ways, the threats to critical infrastructure on Earth can cause vulnerabilities in space," Lonstein said. "The consequences of malicious cyber activities include loss of mission data, decreased lifespan or capability of space systems or constellations, or the control of space vehicles." Use of strict access controls, authentication, and error correction mechanisms can further ensure that AI systems operate with accurate information.

Persons: Lonstein, Kaczmarek, Sylvester Kaczmarek, Wayne Lonstein, William Russell, JEM, Elon Musk, Jack Teixeira, GAO's Russell Organizations: SpaceX, NASA, OrbiSky Systems, VFT Solutions, Systems, Space Technologies, U.S, Government, Office, Spacecraft, Space, JAXA, Origin, U.S . National Oceanic, Administration, U.S . Air National, Viasat, Ukraine, Infrastructure Security Agency, Companies, Microsoft, Google, Nvidia, U.S . Space Force, Department of Defense, Space Force Guardians, Space Force, Web Services, Dynamics Locations: U.S, China, Russia, India, Ukraine, Nations, Silicon Valley

☆ AI power usage is growing so fast that tech leaders are racing to find energy alternatives
▼ + stars: | 2024-11-30 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +5 min

The latest generation of large language models requires significantly more computing power and energy than previous AI models. As a result, tech leaders are rallying to accelerate the energy transition, including investing in alternatives like nuclear energy. Major tech companies, including Amazon, Google, and Microsoft, have also struck deals with nuclear energy suppliers recently as they advance AI technology. Related storiesMoving to nuclear energyMany tech leaders argue the need for energy solutions is urgent and investing in nuclear energy. AI's energy use is growingTech companies seek new energy solutions because their AI models consume much energy.

Persons: Fabrice Beaulieu, Mark Zuckerberg, Nvidia, Blackwell, Hopper, Jensen Huang, Huang, Sam Altman, Altman, Joe Biden, Cameron Porter, Porter, Trump, OpenAI's GPT Organizations: Tech, Fabrice Beaulieu Big Tech, Meta, Microsoft, Amazon, Google, Nvidia, Hong Kong University of Science, Technology, Economic, Helion Energy, Steel Atlas, McKinsey Locations: Davos, Oklo

☆ How GE Vernova plans to deploy small nuclear reactors across the developed world
▼ + stars: | 2024-11-30 | by ( Spencer Kimball | ) www.cnbc.com time to read: +5 min

GE Vernova is aiming to deploy small nuclear reactors across the developed world over the next decade, staking out a leadership position in a budding technology that could play a central role in meeting surging electricity demand and reducing carbon dioxide emissions. GE Vernova is the spinoff of General Electric's former energy business. The U.S. government wants to triple nuclear power by 2050 to shore up an electric grid that is under growing pressure from surging power demand. GE Vernova is targeting more than $2 billion in annual revenue from its small reactor business by the mid-2030s. GE Vernova won the first commercial contract in North America to deploy a small modular reactor for Ontario Power in January 2023.

Persons: Nicole Holmes, Holmes, Kenneth Parks, GE Vernova Organizations: GE, GE Hitachi, GE Vernova, New York Stock Exchange, CNBC, GE Vernova's SMR, U.S, Bank of America, America, Ontario Power, Tennessee Valley Authority, Energy, Toronto . Ontario Power Locations: Cambridge, U.S, Canada, United Kingdom, Europe, Poland, North America, Darlington, Lake Ontario, Toronto

Indigenous researchers are up against a ticking clock: Of the 4,000 Indigenous languages worldwide, one dies every two weeks with its last speaker. He leads First Languages AI Reality, an initiative of the Mila-Quebec Artificial Intelligence Institute, where researchers are building speech recognition models for over 200 endangered Indigenous languages in North America. However, first, he must overcome a major roadblock: There aren’t enough Indigenous computer scientist graduates — people who know the language and culture — to tackle these language preservation projects. “We only graduate one or two Indigenous Ph.D.s in AI and computer science every year,” he said. That’s where the handful of Indigenous engineers who do exist come in: They are leading organizations like First Languages AI Reality, IndigiGenius, Tech Natives and the Wihanble S’a Center for Indigenous AI to train Native American, Alaska Native and Native Hawaiian computer science students to preserve Indigenous culture and language.

Persons: we’ll, ” Michael Running Wolf, Wolf, Mila, ”, Michael Running Wolf, Michael, “, Kyra Kaya, Kaya, aunties, ” Kaya, Madeline Gupta, IndigiGenius, Andrea Delgado, Olson, ” Gupta, haven’t, Gupta, don’t, Suzanne Kite, Bard College’s, Kite, ” Kite Organizations: First Nations, Quebec Artificial Intelligence, That’s, Tech Natives, Yale University, ” Tech Natives, Indian Science & Engineering Society, Yale, Aspen Institute, Yale School of Medicine, American Composers Orchestra Locations: U.S, Quebec, North America, American, Alaska, Maui, Hawaii, South Dakota, ”, Great, Mackinac

Transportation Secretary Pete Buttigieg leads the way with over 770,000 TikTok followers, while Interior Secretary Deb Haaland has a verified TikTok account with just over 1,100 followers. Of the 353 who supported the bill to force a sale, 13 have verified TikTok accounts, all of whom are Democrats. Luna’s communications director said that her TikTok account was for personal use and is not an official campaign account. Unlike in the House, where elected officials with verified TikTok accounts voted in both directions across party lines, 10 Senate Democrats with verified TikTok accounts voted to force a sale of the platform, while one independent and one Senate Republican with verified TikTok accounts voted against the bill to do so. Senators with verified TikTok accounts have an average of 318,000 TikTok followers, while representatives with verified TikTok accounts have an average of 178,000 TikTok followers.

Persons: that’s, Joe Biden’s, Donald Trump, Hunt, ” Hunt, it’s, “ It’s, they’re, Biden, Trump, Kamala Harris, Harris, TikTok, Trump’s, soundbites, influencers —, ’, Brendan Carr, can’t, Doug Emhoff, Pete Buttigieg, Deb Haaland, Haaland, Rashida Tlaib, Jasmine Crockett, hasn’t, Crockett, ” Crockett, “, Jeff Jackson, Jackson, Jackson’s, Anna Paulina Luna, Luna, Nancy Mace, Mace, “ She’s, Sen, Cory Booker of, Jon Ossoff of, Ossoff, Booker, Harris ’, Charli XCX’s, Bernie Sanders of, Sanders, Bernie Sanders, we’re, “ We’ve, ” Organizations: NBC News, Democratic, U.S . Senate, Trump, Federal Communications Commission, Biden, Transportation, X, ”, North Carolina Senate, Republican, TikTok, Senate, Democrats, New York Times, Congress Locations: California, U.S, American, States, TikTok, D, Texas, North Carolina, Florida, South Carolina, Cory Booker of New Jersey, Jon Ossoff of Georgia, Bernie Sanders of Vermont

☆ Canadian news companies challenge OpenAI over alleged copyright breaches
▼ + stars: | 2024-11-29 | by ( ) www.cnbc.com time to read: +2 min

Five Canadian news media companies filed a legal action on Friday against ChatGPT owner OpenAI, accusing the artificial-intelligence company of regularly breaching copyright and online terms of use. OpenAI using other companies' journalism for their own commercial gain is not. In an 84-page statement of claim filed in Ontario's superior court of justice, the five Canadian companies demanded damages from OpenAI and a permanent injunction preventing it from using their material without consent. "The News Media Companies have never received from OpenAI any form of consideration, including payment, in exchange for OpenAI's use of their Works." The Canadian news companies' document did not mention Microsoft.

Persons: OpenAI, brazenly, Elon Musk Organizations: Microsoft, The Globe, Canadian Press, CBC, Radio, New, News Media Companies Locations: The, New York, Canadian

☆ At Pitch and Run, VC Nihal Mehta is creating a community for founders and investors to connect over exercise.
▼ + stars: | 2024-11-29 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +6 min

AdvertisementNew York-based investor Nihal Mehta of Eniac Ventures created Pitch and Run in 2019. The group hosts weekly fun runs across the country for tech founders and investors. For Nihal Mehta, running is, first and foremost, a way to decompress from the fast-paced lifestyle of building a startup. His brainchild is Pitch and Run, a bona fide run club for founders, investors, and other members of the tech community to connect over their shared love of startups as well as running. Mehta himself completed his fifth New York City marathon earlier this month, sharing the course with 25 other Pitch and Run members.

Persons: Nihal Mehta, —, Mehta, there's, they've, Dee Murthy, Murthy, Kevin Weatherman's, Shahn Christian Andersen, he's, – Mehta Organizations: Eniac Ventures, LA, Eniac, Weatherman, PNR Ventures, New York Tech, New York City Locations: York, decompress, New York, Los Angeles, Chicago, Austin, San Francisco, New York's Chelsea, Brooklyn, Manhattan, VCs

☆ Buy Big Tech firms with exposure to emerging markets, says veteran investor Mark Mobius
▼ + stars: | 2024-11-29 | by ( Shafi Musaddique | ) www.cnbc.com time to read: +1 min

U.S. tech companies with a focus on emerging markets offer the best investment opportunities for the coming year, according to veteran emerging markets investor Mark Mobius. So, what I would do is focus on companies and industries that are taking advantage of technology to improve productivity," the chairman of the Mobius Emerging Opportunities Fund said in an interview with CNBC last week. U.S.-based companies geared toward China and India, as well as other major emerging market economies, are well positioned, he added. Investors should also consider firms taking advantage of what Mobius calls "accelerated information," such as chip manufacturers. His comments come as emerging markets that produce semiconductors enjoy an economic boom, with Taiwan — which makes most of the advanced chips in circulation — a particular success story.

Persons: Mark Mobius, Abdul Rasheed Ghaffour Organizations: Fund, CNBC, Washington , D.C Locations: U.S, China, India, Taiwan, ASEAN, Southeast Asia, Washington ,

☆ Intel's annual median pay has been stagnant compared to peers like Nvidia and Microsoft
▼ + stars: | 2024-11-29 | by ( Helen Li | ) www.businessinsider.com time to read: +2 min

AdvertisementIntel's median employee pay rose 4% in five years, lagging behind other tech firms. Other tech companies like Nvidia and Microsoft increased pay by at least 12%. Intel's median employee pay has only increased by 4% over the past five years, an analysis of annual proxy statements filed with the SEC showed. Related Video Nearly 50,000 tech workers have been laid off — but there's a hack to avoid layoffsIn 2019, Intel's average employee pay was $96,300. Besides stagnating pay, Intel employees have seen other setbacks.

Persons: Pat Gelsinger Organizations: Nvidia, Microsoft, Intel, SEC, Big Tech, AMD, Qualcomm, Business, Department of, Industry, Bloomberg Locations: Ohio, Phoenix

☆ How Amazon revamped its AI-sales machine to compete with OpenAI, Microsoft, and Google
▼ + stars: | 2024-11-29 | by ( Eugene Kim | ) www.businessinsider.com time to read: +11 min

AdvertisementAWS faces competition from OpenAI, Microsoft, and Google in AI, risking its cloud dominance. It offers new financial incentives for AI sales. "This is a great time to partner with our sales teams for this #OneTeam effort," AWS said in an internal memo obtained by Business Insider. Many AWS sales teams have new performance targets tied to AI products. The Find One, Launch One, Ramp One initiative includes AWS sales architects.

Persons: Matt Garman, Einat Weiss, they're, salespeople, Garman, AWS's, Microsoft Satya Nadella, Justin Sullivan, Q, hasn't Organizations: Microsoft, Google, North, Business, AWS, Messaging, Amazon, BI, there's, Amazon Connect Locations: OpenAI, North America

☆ The top 10 things to watch in the stock market this Black Friday
▼ + stars: | 2024-11-29 | by ( Zev Fima | ) www.cnbc.com time to read: +4 min

The top 10 things to watch Friday, Nov. 29 1. (Anything above a plus 4% would indicate the market is overbought; anything below a minus 4% would indicate the market is oversold.) Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. Chona Kasinger | Bloomberg | Getty ImagesThe top 10 things to watch Friday, Nov. 29

Persons: Biden, Wedbush, —, Lina Kahn, Donald Trump, Kamala Harris, CNBC's Gabrielle Fonrouge, Harris, Jim Cramer's, Jim Cramer, Jim, Satya Nadella, Chona Kasinger Organizations: Treasury, Bloomberg, Federal Trade Commission, Microsoft, FTC, Trump White House, Reuters, National Retail Federation, Deloitte, President, Trump, Walmart, Target, Dick's Sporting Goods, Costco, CNBC, Jim Cramer's Charitable, Getty Locations: China, Australia, Redmond , Washington

☆ 5 big questions about how tech will look under Trump
▼ + stars: | 2024-11-29 | by ( Clare Duffy | ) edition.cnn.com time to read: +10 min

He sought to swat down legal protections for tech platforms. Many Republicans are eager to see the Trump administration address what they see as “censorship” of right-leaning voices by many mainstream social media platforms. That could mean reforming or reinterpreting Section 230, which shields tech platforms from liability for their users’ posts and allows the platforms to moderate content as they see fit. In essence, Carr could attempt to pass a rule that would make it possible to sue tech platforms under that new interpretation. Ultimately, that could mean hamstringing tech companies’ efforts to reduce hateful or false content on their platforms.

Persons: Trump, Donald Trump, – —, Trump’s, TikTok, Mark Zuckerberg, He’s, it’s, Elon Musk, Will TikTok, “, he’ll, Shou Zi Chew, Kent Nishimura, Alan Rozenshtein, ” Rozenshtein, You’re, doesn’t, isn’t, Will Trump, … we’ve, ” Musk, Joe Biden, Biden, ”, John Villasenor, Brendan Carr, Carr, Gigi Sohn, Tom Wheeler, Evan Greer, Lina Khan, JD Vance, Musk, Khan, Tayfun, – Khan, ” Villasenor, ” Greer, Republican Sen, Marsha Blackburn of, Democratic Sen, Richard Blumenthal, Mike Johnson Organizations: New, New York CNN, Google, Big Tech, Trump, Bloomberg, Getty, University of Minnesota, Apple, CNN, “, Fox News, Republican, UCLA Institute for Technology, Law, Federal Communications Commission, FCC, Democratic, Federal Trade Commission, Biden, White, Trump White House, Microsoft, Activision Blizzard, Kroger, Albertsons, FTC, Department, DOJ, TV, Senate Locations: New York, United States, —, Washington ,, Marsha Blackburn of Tennessee, Connecticut

☆ As many as one in 10 coders are 'ghost engineers,' Stanford researcher says, lurking online and doing no work
▼ + stars: | 2024-11-28 | by ( Katherine Long | ) www.businessinsider.com time to read: +5 min

His research, which hasn't been peer-reviewed, found that about 9.5% of coders were "ghost engineers.' AdvertisementMeasuring output is difficultDenisov-Blanch calls these workers "ghost engineers," defined as software engineers who are only 10% as productive or less than their median colleague. More remote workers were superstar codersMusk now aims to apply that same ruthless efficiency to the federal government. On one hand, he found that the prevalence of "ghost engineers" among remote workers was more than double that among in-person workers. But he also found that many more of the most effective engineers — employees whose performance was at least five times better than their median colleague — were working remotely.

Persons: hasn't, Yegor, Blanch, Paul Graham, Graham, Elon Musk, nobody's, coders Musk, Musk, — Organizations: Stanford, Business, Software, Twitter, CNN, of Government Locations: Silicon Valley

☆ Tech companies put on notice as Australia passes world-first social media ban for under-16s
▼ + stars: | 2024-11-28 | by ( Hilary Whiteman | ) edition.cnn.com time to read: +6 min

Brisbane, Australia CNN —Australia’s parliament has passed a world-first law banning social media for children under 16, putting tech companies on notice to tighten security before a cut-off date that’s yet to be set. Under the new law, tech companies must take “reasonable steps” to prevent under-age users from accessing social media services or face fines of nearly 50 million Australian dollars ($32 million). “We know that social media can be a weapon for bullies, a platform for peer pressure, a driver of anxiety, a vehicle for scammers. The prime minister says he’s worried about social media. “We need to make social media safer for everybody.”A rushed processThe government has faced considerable criticism for the speed of the legislation.

Persons: Australia CNN —, Anthony Albanese, “ we’ve, ”, Albanese, Liberal Sen, Maria Kovacic, Greens Sen, Sarah Hanson, Young, he’s, ‘, TikTok, “, Bill, Elon Musk, YouGov, Dany Elachi, didn’t, won’t Organizations: Australia CNN, Facebook, Liberal Party, Liberal, Greens, Tech, Meta, Inc, Up Alliance Locations: Brisbane, Australia

☆ Sriram Krishnan is leaving Andreessen Horowitz and is reportedly in talks to join Elon Musk at DOGE
▼ + stars: | 2024-11-28 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

AdvertisementSriram Krishnan, a general partner at Andreessen Horowitz, is leaving the firm at the end of the year. Krishnan has discussed joining Elon Musk at the Department of Government Efficiency, reports say. Krishnan has supported Musk in the past and worked at various Big Tech companies. Sriram Krishnan, a general partner at Andreessen Horowitz, is leaving the firm and has had discussions with Elon Musk about joining the Department of Government Efficiency, reports say. Krishnan joined Andreessen Horowitz, also known as A16z, in 2021 and has worked as a crypto investor at the firm.

Persons: Sriram Krishnan, Andreessen Horowitz, Krishnan, Elon Musk, He's, What's, I've, he'd, Donald Trump's, Andreessen Horowitz didn't, Trump, Musk, Vivek Ramaswamy, Joe Lonsdale, Marc Andreessen, Bill Ackman, Travis Kalanick —, Steve Davis, Antonio Gracias, Shiba Organizations: Elon, Department of Government, Big Tech, Twitter, Meta, DOGE, Business, The Washington Post, The Boring Company

☆ Canada Accuses Google of Creating Advertising Tech Monopoly
▼ + stars: | 2024-11-28 | by ( Ian Austen | ) www.nytimes.com time to read: 1 min

Canada’s competition authority on Thursday accused Google of abusing its tools for buying and selling online advertising to create a monopoly, and filed a complaint seeking to force the company to sell two of its main advertising technology services. The case strikes at the heart of Google’s business and echoes an ongoing U.S. antitrust lawsuit against the Silicon Valley giant. Both cases come amid four other lawsuits filed in the United States against Google since 2020 and other efforts by officials around the world to reign in the power that large technological companies like Google, Amazon and Apple hold over information and commerce online. Canada is also attempting to use new laws to limit harms caused by social media and to require tech companies to compensate traditional news organizations.

Organizations: Google, Apple Locations: United States, Canada

☆ Elon Musk's hunger for chips is taxing Nvidia's capacity to make them: report
▼ + stars: | 2024-11-28 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

AdvertisementElon Musk's demand for Nvidia chips has put pressure on the company to deliver. Nvidia is feeling the pressure from trying to meet Elon Musk's insatiable demand for chips. Musk's demand for chips was straining the chip giant's supply chain, a sales lead for Nvidia told colleagues in an email obtained by The Wall Street Journal. In June, CNBC reported that Musk had redirected $500 million worth of Nvidia chips from Tesla to X and xAI. Then, in September, Musk announced that xAI had brought a massive new training cluster of Nvidia chips online.

Persons: Elon, Mark Zuckerberg, Meta, Zuckerberg, Musk, Tesla, xAI, Jensen Huang, Huang, Larry Ellison, Jensen, Ellison Organizations: Elon, Nvidia, Wall Street, CNBC, Oracle Locations: Memphis , Tennessee

☆ Australia passed a law banning social media for kids under 16. Tech companies will need creative solutions to avoid $32 million fines.
▼ + stars: | 2024-11-28 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +3 min

AdvertisementAustralia's government approved a law that would ban social media for kids under 16. The law gives tech companies one year to figure out how to keep children under 16 from using their social platforms or risk up to $32 million in fines. Australia's new law specifically bars social media companies from asking for users' IDs in an effort to protect privacy rights. Snap Inc., which owns Snapchat, said "device-level age verification" was the best possible option to meet the requirements. "We know some kids will find workarounds, but we're sending a message to social media companies to clean up their act."

Persons: Australia's, Snapchat, Anthony Albanese, Julie Inman Grant, Elon Musk, Albanese Organizations: Meta, New York Times, Google, Inc Locations: Australia

☆ Tariffs and sanctions could disrupt the tech supply chain. Here's how to derisk it.
▼ + stars: | 2024-11-28 | by ( Monica Melton | ) www.businessinsider.com time to read: +5 min

China's dominance in rare earth minerals poses risks to tech supply chains. AdvertisementFriend shoring to alliesFriend shoring, or moving supply chain, manufacturing, and operations to non-adversarial countries to have continuity, is one step to derisking tech's supply chain. Related storiesCreate redundancy in manufacturingTo derisk the supply chain, create redundancy. Regulation of the supply chain may increase, but tech companies and their suppliers could find solutions in data. "Technology cannot do it unto itself, because you can only rely on the data you can get to understand the whole length of the supply chain.

Persons: Megan Reiss, Reiss, they're, Trump's, shoring, Friend shoring, Trump Organizations: China . Department of, U.S . Department of Locations: North Korea, China, Mexico, Canada, U.S, Malaysia, Estonia, Japan

☆ FTC opens broad antitrust investigation into Microsoft
▼ + stars: | 2024-11-27 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +3 min

The U.S. Federal Trade Commission has opened a broad antitrust investigation into Microsoft, including of its software licensing and cloud computing businesses, a source familiar with the matter told Reuters Wednesday. The investigation was approved by FTC Chair Lina Khan ahead of her likely departure in January. The FTC fielded such complaints last year as it examined the cloud computing market. The FTC has demanded a broad range of detailed information from Microsoft, Bloomberg reported earlier on Wednesday. In 2019, the Pentagon awarded it a $10 billion cloud computing contract that Amazon had widely been expected to win.

Persons: Lina Khan, Donald Trump, Satya Nadella, Trump, JD Vance Organizations: U.S . Federal Trade Commission, Microsoft, Reuters, NBC News, Republican, FTC, Amazon, Google, European Commission, Bloomberg, Big Tech, Facebook, Meta, Apple, Amazon.com Inc, U.S, Trump, Pentagon, Web Services

☆ US tech companies focused on emerging markets offer best opportunities, says Mark Mobius
▼ + stars: | 2024-11-27 | 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 EmailUS tech companies focused on emerging markets offer best opportunities, says Mark MobiusVeteran investor Mark Mobius of Mobius Emerging Opportunities Fund explains his preference for U.S. technology-oriented companies as he discusses where he plans to put money to work in 2025.

Persons: Mark Mobius Organizations: Fund

☆ Elon Musk wants to 'delete' a federal agency designed to prevent another financial crisis and protect people from scams
▼ + stars: | 2024-11-27 | by ( Eliza Relman | Catherine Boudreau | ) www.businessinsider.com time to read: +6 min

AdvertisementElon Musk says he wants to eliminate the Consumer Financial Protection Bureau. The CFPB was created after the 2008 crisis to protect consumers from financial abuses. "Delete CFPB," Musk wrote on X early Wednesday of the Consumer Financial Protection Bureau. The agency investigates consumer complaints related to credit cards, loans, bank accounts, and debt collection and enforces consumer protection laws. Earlier this year, the CFPB also limited credit card late fees to $8 a month, compared to the average $32 fee charged by issuers in 2022.

Persons: Elon Musk, Musk, Vivek Ramaswamy, Dodd, Frank, Democratic Sen, Elizabeth Warren, Barack Obama, Warren, Wells Fargo, who've, —, Clarence Thomas Organizations: Financial, Bureau, Elon, Consumer Financial, Trump, Government, Trump Administration, Congress, Democratic, Harvard Law School, Personnel Management, Bank of America, of America, Apple, Google, Federal Locations: Wells Fargo, Wells

☆ Marc Andreessen talks DOGE and Elon Musk: 'It's time to carve this government back in size and scope'
▼ + stars: | 2024-11-27 | by ( Ana Altchek | ) www.businessinsider.com time to read: +4 min

AdvertisementMarc Andreessen discussed Elon Musk and the Department of Government Efficiency on Joe Rogan's podcast. Cut, baby, cut, Marc Andreessen says of Elon Musk's DOGE cost-reduction effort. "It is time to carve this government back in size and scope," the Silicon Valley investor said during a recent appearance on Joe Rogan's podcast. The VC specifically referenced a text exchange that Musk sent then-CEO Parag Agrawal shortly after being appointed to Twitter's board. "Imagine that statement being applied to the government," Andreessen said, referencing Musk's "What did you get done this week?"

Persons: Marc Andreessen, Elon Musk, Joe Rogan's, Elon, Andreessen, Andreessen Horowitz, Ben Horowitz, Sen, Elizabeth Warren, Rogan, Musk, Parag Agrawal, Agrawal, Jack Dorsey, … — Organizations: Department of, SEC, FTC, Elon Musk's, Musk's Department, Government, Securities Exchange Commission, Federal Trade Commission, Federal Aviation Administration, Consumer Financial Protection Bureau, Republican Party, Twitter, Big Tech Locations: Silicon

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