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☆ Escaping the 'Perfection Trap'
▼ + stars: | 2024-11-26 | by ( Sponsored Ibm | ) www.businessinsider.com time to read: +5 min

Many organizations experimenting with AI may find themselves stuck in a "perfection trap," reluctant to deploy anything less than 100% complete. This widespread hesitation to move forward can hinder AI progress — and very few organizations have moved beyond the experimentation phase. Roughly 80% of surveyed AI leaders report data-related challenges, including governance concerns. By avoiding the perfection trap, leaders can foster sustained innovation and maximize the value of their AI investments. Read the AI in Action 2024 report to learn more about how IBM can help you turn AI experiments into transformative solutions.

Persons: Winston Churchill, Cathy Reese, hesitancy, Reese Organizations: Public Data, Technology Service, IBM Consulting, IBM, Insider Studios

☆ Verily has a December deadline to cut important ties with Google, leaked documents show
▼ + stars: | 2024-11-18 | by ( Hugh Langley | ) www.businessinsider.com time to read: +5 min

Verily has told employees it ultimately intends to become an independent company. Verily, Alphabet's life sciences subsidiary, has set a deadline of December 16 to sever multiple ties to Google, according to two people familiar with the matter and internal documents reviewed by Business Insider. Related Video How tech layoffs could affect the economyVerily, formerly known as Google Life Sciences, started life as a moonshot project inside Google X. "Verily is transitioning from Google's infrastructure to our own, as we continue to grow as an independent Alphabet company," said Verily spokesperson Steven Cooper. AdvertisementAn internal Verily FAQ for staff broached the subject of why the company didn't start Flywheel until after its products were more mature.

Persons: Verily, Steven Cooper, Larry Page, Sergey Brin, Waymo Organizations: Google, Staff, Business, Sciences, BI

☆ We're bending our investment rules and starting positions in 2 of our Bullpen stocks
▼ + stars: | 2024-10-16 | by ( Jeff Marks | ) www.cnbc.com time to read: +9 min

We're initiating positions for Jim Cramer's Charitable Trust in BlackRock and CrowdStrike . BlackRock is the world's largest asset management manager and leading provider of investment, advisor, and risk management solutions. There's a good whitepaper on CrowdStrike's website published by IDC that explains the value of the CrowdStrike Falcon XDR platform. It was a major blow for a cybersecurity company, especially one with a pristine reputation. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer's, CrowdStrike, Larry Fink, Fink, George Kurtz, Jim, Satya Nadella, They've, Jim Cramer Organizations: BLK, CRWD, BlackRock, Trust, Investing, Retail, Blackrock, Global Infrastructure Partners, Management, Money, We're, IDC, Falcon, Microsoft, Palo Alto Networks, Alto Networks, SEC, CNBC Locations: BlackRock, CrowdStrike, Blackrock, Palo, Cybersecurity, We're

☆ Big-cap bull market turns two, leaving small-cap stocks further behind
▼ + stars: | 2024-10-14 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

Frustrated small cap investors are turning to companies with profits as the bull market in big cap stocks starts its third year. Not so with the small-cap Russell 2000 : it didn't bottom until October 2023, and is only 35% off the low, still 9% shy of its historic high in November 2021. Including 2024, the S & P 500 has outperformed the small-cap Russell 2000 in 12 of the past 15 years. A similar fund that also tracks the S & P SmallCap 600 Index is the iShares Core S & P Small-Cap ETF (IJR). Other small cap funds with a profitability tilt have also seen strong inflows recently, including the Dimensional U.S. Small Cap ETF (DFAS) and the Avantis Small Cap Value ETF (AVUV).

Persons: Russell, hasn't, it's, SPSM, Rob Harvey, Ben Slavin, BNY Mellon Organizations: Russell, Health Technology, Technology Services, Technology, Street Global Advisors, U.S, Value, Dimensional Funds, BNY

☆ Mastercard to buy Swedish startup that makes it easier to manage and cancel subscription plans
▼ + stars: | 2024-10-01 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

BARCELONA, SPAIN - MARCH 01: A view of the MasterCard company logo on their stand during the Mobile World Congress on March 1, 2017 in Barcelona, Spain. (Photo by Joan Cros Garcia/Corbis via Getty Images)Mastercard said Tuesday that it's agreed to acquire Minna Technologies, a software firm that makes it easier for consumers to manage their subscriptions. Minna Technologies, which is based in Gothenburg, Sweden, develops technology that helps consumers manage subscriptions within their banking apps and websites, regardless of which payment method they used for their subscriptions. The company said it works with some of the world's largest financial institutions in the world today. Consumers today often have tons of subscriptions to manage across multiple services such as Netflix, Amazon and Disney Plus.

Persons: Joan Cros Garcia, Corbis, it's, Minna Organizations: MasterCard, Mobile, Congress, Getty Images, Mastercard, Minna Technologies, Visa, Netflix, Disney Plus Locations: BARCELONA, SPAIN, Barcelona, Spain, Gothenburg, Sweden

☆ Blackstone reveals how to make money in India and mistakes to avoid
▼ + stars: | 2024-09-26 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +4 min

India's economic growth story is a stunning one — but the question of where investors should park their money is not always straightforward, with one Blackstone executive highlighting a common mistake. However, focusing too much on the macro story can be dangerous for investors, according to Blackstone Private Equity's head of Asia, Amit Dixit. I think you go to India for the macro, everybody knows," Dixit said at the Milken Institute's recent Asia Summit in Singapore. While the list of companies Blackstone invests in India are extensive, he spotlighted the likes of information technology service firm Mphasis , IT service management company R Systems and automotive components manufacturer Sona Comstar . "I think, either end of the spectrum, you can make a lot of money as an investor," he said.

Persons: Blackstone, Blackstone Private Equity's, Amit Dixit, Dixit, Sona Comstar, it's, Manraj Sekhon, Sekhon Organizations: Blackstone Private, Milken, Summit, CNBC, Blackstone, Systems, Templeton Global Investments, Milken Asia Summit Locations: India, Hong Kong, Asia, Singapore

☆ CNBC's Inside India newsletter: Will India's lofty manufacturing ambitions bear fruit?
▼ + stars: | 2024-09-19 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +8 min

This report is from this week's CNBC's "Inside India" newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Its intent was clear: to develop India's manufacturing capabilities in sectors like automotives, electronics, pharmaceuticals and aerospace while creating opportunities for locals. India's manufacturing sector has seen "remarkable" growth says, Samir Kapadia, founder and CEO of B2B marketplace India Index. "These infrastructural shifts in India have improved connectivity within and outside the country putting India at a very different playing field than it was 10 years ago when 'Make in India' started," Kapadia told CNBC's Inside India. India vs. other emerging marketsWhile India looks to poach China's manufacturing share, other countries like Indonesia, Vietnam, Bangladesh and Mexico are also stiff competitors.

Persons: Wistron, Narendra Modi, Foxconn, Samir Kapadia, Kapadia, CNBC's, U.S . Franklin Templeton's Yi Ping Liao, Liao, Deveshwar Organizations: Tata Group, Indian, Apple, Dixon Technologies, Kia, Divi's, Novartis, GSK, Merck, China, U.S ., TS Lombard, Inside, Mutual Fund Locations: India, China, Silicon Valley, Bengaluru, Kolar, Doddaballapura, Foxconn, Kia India, Anantapur —, Indonesia, Vietnam, Bangladesh, Mexico, Asia, Inside India, Brazil

☆ A tech leader at Accenture shares how AI and cloud tools in the public sector can evolve with regulation: 'It's still the Wild West'
▼ + stars: | 2024-09-12 | by ( Matthew S. Smith | ) www.businessinsider.com time to read: +9 min

Greiner opened up about the evolution of cloud technology and generative AI in the public sector. What's the current demand for AI, particularly generative AI, in the public sector? Cloud went through a similar process, and I think lessons were learned that are now applied to generative AI. Can you provide examples of how generative AI is deployed in the public sector? Are general attitudes toward generative AI receptive or cautious in the public sector?

Persons: Tom Greiner, Accenture's, Greiner, —, we've, they've, there's, We've, Cloud, it's Organizations: Service, Accenture, Department of Homeland Security, Business, Data, National Institute of Standards, Technology, It's, NIST, Excellence, District of Columbia Department of Health, Amazon Web Locations: Europe, United States, Germany

☆ One of these four people could be Boeing's next CEO
▼ + stars: | 2024-07-29 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +1 min

Boeing may have narrowed its CEO search to four candidates, including Kelly Ortberg. Current CEO Dave Calhoun said he will step down by year-end after the Alaska Airlines disaster. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe race for Boeing's new chief may be down to four candidates, including a new name. Kelly Ortberg, the former CEO of aerospace company Rockwell Collins, is seriously being considered for the position of Boeing's chief, trade publication The Air Current reported on Sunday, citing industry officials.

Persons: Kelly Ortberg, Dave Calhoun, Stephanie Pope, Pat Shanahan, Steve Mollenkopf, —, Rockwell Collins Organizations: Boeing, Alaska Airlines, Service, Rockwell, Business

☆ Autonomous AI workers that talk to each other will arrive in 2025, Capgemini predicts
▼ + stars: | 2024-07-22 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

Such a system would entail a collection of agents that work together to solve tasks in a distributed and collaborative way, according to Capgemini. Brier said the so-called AI agents fall into two types: individual agents that carry out tasks on your behalf, and multi-agent technology or, "agents talking to agents." In 2023, the number of firms adopting generative AI was 6%, according to Capgemini, but this year, that number has risen to 24%. According to the report, 10% of firms with an annual revenue of $1 billion to $5 billion are implementing generative AI. In aerospace and defense, 88% of organizations have invested in generative AI, for retail, that number drops to 66%.

Persons: Pascal Brier, Capgemini, Brier, it's Organizations: Istock, CNBC, Brier Locations: U.S, Europe, Germany

☆ These are the best ways to play GenAI as it disrupts new industries, according to RBC
▼ + stars: | 2024-07-07 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Semiconductor stocks and technology behemoths get all the acclaim when it comes to artificial intelligence, but RBC Capital Markets is offering up some alternate ways to play the theme. Other technology giants have followed suit, with Amazon closing above a $2 trillion market value for the first time ever last month. Against this backdrop, RBC Capital Markets highlighted some of its favorite ways to play the theme beyond the classic winners, viewing AI as the "next disruptive mega-trend." While the social media giant has already gotten a boost from the trend, RBC Capital Markets expects shares to benefit from a world where digital advertisers market toward AI and virtual assistants. RBC Capital Markets also highlighted a handful of software stocks that could win big as AI proliferates, viewing the tool as a "revenue enhancer and profitability expander" that may take three to five years to materialize.

Persons: behemoths, GenAI, CrowdStrike, Eaton, Thomson Organizations: RBC Capital Markets, Nvidia, RBC Capital, Adobe, Accenture, Thomson Reuters Locations: Shopify

☆ A tech company that posted a 'whites only' job ad was ordered to pay $7.5K and give staff better training
▼ + stars: | 2024-05-27 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +4 min

The DOJ secured the agreements with Arthur Grand Technologies Inc., an information technology services firm, earlier this month. The job ad said it was after "only US-born citizens [white] who are local within 60 miles from Dallas, TX." Arthur Grand apologized and said that an employee added discriminatory language to the listing and published it without authorization. AdvertisementAs part of its settlement with the Justice Department, Arthur Grand will pay the US Treasury a civil penalty of $7,500 and implement comprehensive training for its staff on INA compliance. Last month, Business Insider reported on a study that showed CVs with Black-sounding names are less likely to get callbacks.

Persons: —, Arthur Grand, Kristen Clarke, Michele Hodge, OpenAI, Arthur Grand didn't Organizations: Service, US Department of Justice, DOJ, Arthur Grand Technologies Inc, Immigration, Business, Department, Department of Labor's, LinkedIn, Justice Department, Labor, Justice Department's Civil, Division, US Treasury, INA, Labor Department, Bloomberg Locations: Virginia, Dallas , TX

☆ Tech titans love Modi's economic powerhouse India — despite mass unemployment and abject poverty
▼ + stars: | 2024-05-04 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +13 min

Youth unemployment, income inequality, regional disparities, and Russian oil remain big problems. But the work starts there, as he'll have to navigate thorny issues such as youth unemployment, income inequality, and reliance on sanctioned Russian oil. "The other key economic policy was JAM — the trinity of bank accounts for the poor, mobile numbers and a biometric card. Indian demand for Russian oil has cooled in recent months as new sanctions have made it more expensive, but the buying remains controversial. Alexandr Demyanchuk/AFP/Getty ImagesIndia the IT hubUnder Modi, India has made big strides in modernizing its economy, combating bureaucracy, and appealing to foreign investors.

Persons: Narendra Modi, Elon Musk, Jamie Dimon, Tim Cook, —, Modi, Goldman Sachs, JPMorgan's Dimon, He's, Musk, Apple's Cook, Joe Biden, Sundar Pichai, Anna Moneymaker, Jensen Huang, Satya Nadella, Alphabet's Sundar Pichai, Richard Rossow, Demonetisation, Kunal Sen, Sen, Tim Graham, Rossow, tycoons Mukesh Ambani, Gautam Adani, Mukesh Ambani, Isha Piramal, Rihanna, Shloka Mehta Ambani, Akash Ambani, Radhika Merchant, Anant, Radhika, Ambani, they'd, Neelima Jain, Vladimir Putin, Alexandr Demyanchuk, Sanjay Shetty, Shetty Organizations: Service, titans, Monetary Fund, Gross, World Bank, Economic, of New, Google, Apple, Nvidia, Microsoft, India, Studies, Center for Strategic & International Studies, United Nations, United Nations University World Institute for Development Economics, University of Manchester, International Labor Organization, Oxfam, Bloomberg, Reliance Industries, Adani, CSIS, Indian, Shanghai Cooperation Organisation, Getty, Modi, Big Tech, Randstad, Economic Times Locations: India, Britain, Japan, Germany, China, of New York, Nimaj, Rajasthan, North Korea, Bihar, Uttar Pradesh, Russia, Ukraine, Europe, Moscow, Western, Samarkand, AFP, Randstad India

Major corporations often don't want to seem like they're taking one side politically, so they either sponsor both conventions, or neither. Conventions could see new sponsorsThe Democratic and Republican conventions this summer are the first fully in-person conventions since the 2016 election. Democratic convention organizers in April said if corporations had any reluctance to back the RNC, it hasn't hampered Chicago's efforts to lure donors. Microsoft in 2012 contributed over $1.5 million in a mix of in-kind and cash contributions to the Republican convention. JPMorgan donated $200,000 to the 2012 Republican convention and didn't write a check for the 2016 event.

Persons: Donald Trump, Jon Cherry, Rashad Robinson, Robinson, —, Fiserv, Greg Goldner, Trump, Donald Trump's, aren't, they'll, Joe Biden, Trent Morse, Morse, they've, Alison Prange, Reince Priebus, Priebus, it's, Steve Kornacki's, Biden, Nancy Pelosi, Michelle Yeoh, Natalie Edelstein, Michael Sacks, Sacks, J.B . Pritzker, Barack Obama, Alex Hornbrook, There's, Taylor Swift, she's, Mitt Romney, Obama, didn't, General Motors Organizations: Christian Media, The Gaylord, Center, Getty, Republican National Convention, Republican, NBC News, Trump, Fiserv Inc, Democratic, Fiserv, RNC, Resolute Consulting, GOP, Corporations, Fortune, Milwaukee Journal Sentinel, Democrats, White House, Milwaukee, NBC, Wall, Republican National Committee, Wall Street, Biden, TV, Kentucky Derby, Street Journal, Northwestern Mutual, Wisconsin Fortune, Democratic National Convention, WEC Energy Group, Manpower Group, Conventions, Metropolitan Milwaukee Association of Commerce, DNC, Convention, Chicago, Longtime Democratic, Illinois Gov, White, Correspondents, Commission, Facebook, Google, Microsoft, Bank of America, FEC, Meta, Skype, CNBC, JPMorgan Chase, Walmart, JPMorgan, General Motors, General, Motors, Comcast, Press, Trade Locations: Nashville , Tennessee, Milwaukee, Wisconsin, America, Chicago, NBCUniversal, Philadelphia

☆ After Meta’s ‘year of efficiency,’ industry leaders root for year of innovation
▼ + stars: | 2024-05-01 | by ( Rachel Curry | ) www.cnbc.com time to read: +5 min

With many companies maintaining the "efficiency" mindset, and hiring for tech jobs remaining low, according to the iCIMS Insights April 2024 Workforce Report, innovation is at risk. Madan says companies tend to act based on fear of missing out, but this behavior can stall technological innovation. This process can be messy, which is why experts say any conversation centered around efficiency must also include innovation. Digital transformation is a core pillar of business strategy for 84% of technology and business leaders, according to the TEKsystems report. On the innovation front, he added, "The best organizations are the ones that synthesize human input with AI collaboration."

Persons: It's, Mark Zuckerberg, Ricardo Madan, they've, Zuckerberg, Madan, Chris Duffey, Duffey, Duffy Organizations: Meta, IBM, Tech, Adobe, Google, Bureau of Labor Statistics Locations: Menlo Park, Meta, California, TEKsystems, U.S

☆ Amazon CEO Andy Jassy says he's committed to cost cutting while investing in AI in shareholder letter
▼ + stars: | 2024-04-11 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +41 min

This work diminished short-term revenue, but was best for customers, much appreciated, and should bode well for customers and AWS longer-term. We're also making progress on many of our newer business investments that have the potential to be important to customers and Amazon long-term. Being intentional about building primitives requires patience. Customers building their own FM must tackle several challenges in getting a model into production. Customers' AI models contain some of their most sensitive data.

Persons: Andy Jassy, Jassy, Jeff Bezos, he's, we've, Martha Stewart, Clinique, we're, We've, bode, We're, I've, iterating, We'd, we'd, Fox, affordably, you've, They're, Anthropic, that's, Claude, Dana, debugs, Slack Organizations: Amazon, Services, AWS, Deal, Prime, MGM, Savings, Regions, Citadel, Target, Storage Service, Netflix, Disney, Max, Paramount, CIA, . Intelligence, Amazon Freight, Carrier, Amazon Shipping, Foods, Drones, Amazon Pharmacy, Amazon Clinic, Robotics, Nvidia, Ricoh, NatWest, FMs, Meta, Bridgewater Associates, Farber Cancer Institute, Delta Air Lines, Intuit, KT, Lonely, LexisNexis, Netsmart, Pfizer, PGA, Rocket Companies, Siemens, Media, Inc Locations: North America, U.S, Europe, India, Brazil, Australia, Mexico, Middle East, Africa, Malaysia, New Zealand, Kingdom of Saudi Arabia, Thailand, Berlin, Hulu, Amdocs, Genomics England, GoDaddy, GenAI

☆ Will the total solar eclipse disrupt your cell service?
▼ + stars: | 2024-04-06 | by ( John Towfighi | ) edition.cnn.com time to read: +8 min

CNN —As darkness envelops millions of people during Monday’s total solar eclipse, spectators will hold their cellphones skyward to capture the moment. A family looks through a pair of giant solar eclipse glasses at Veterans Memorial Park in Dripping Springs, Texas, on April 4, 2024. When the last total solar eclipse cut a path across America in 2017, AT&T reported network usage spikes up to 15% around certain cell towers in the path of totality. People view the solar eclipse at 'Top of the Rock' observatory at Rockefeller Center, August 21, 2017 in New York City. “A total eclipse of the sun is unlike any other experience that a human being can have.

Persons: Adam Davis, Shutterstock, ”, Caty Pilachowski, ” Pilachowski, Drew Angerer, Chris Serico, Serico, ” Serico, it’s, ” Verizon’s Serico, Heather Groll, ” Groll, Michelle Eng, Pichnaieu Chung, Anthony Behar, Lisa Winter, Winter, Rick Dietz, Aaron Sadler, Pilachowski, “ Organizations: CNN, Veterans Memorial, Indiana University , Bloomington, Bloomington, Rockefeller Center, Verizon, 5G, New York State Division of Homeland Security, Emergency Services, “, New, MTA, Hall, AP, NASA, Technology Services Department Locations: Texas, Maine, Springs, Texas , Oklahoma , Arkansas , Missouri , Tennessee , Illinois , Kentucky , Indiana , Ohio, Michigan, Pennsylvania, New York , Vermont , New Hampshire , Maine, Mexico, Canada, America, New York City, Niagara, Erie, New York, Northeast Ohio, Dallas, United States, Buffalo , NY, Rochester , NY, Hall , New York, NY, Rock , Arkansas, Little

☆ Disney streaming salary data shows Disney+ and Hulu staffers can earn as much as $385,000 in pay. See the full list.
▼ + stars: | 2024-03-18 | by ( Ashley Rodriguez | Lucia Moses | ) www.businessinsider.com time to read: +13 min

In the paid streaming wars, where only a few players will be favored, Disney has established itself as a formidable No. Disney has been pushing a lower-priced ad tier and cracking down on password sharing to drive subscriber growth at Disney+. To see what Disney and Hulu pay for certain jobs, Business Insider analyzed recent work-visa disclosures. Most of the roles were tech jobs, including data scientist and software engineer roles. Disney Streaming — $120,000 to $385,057 a yearDisney streaming roles, not including Hulu, Disney has offered between $120,000 and $385,057 a year to some candidates on US work visas.

Persons: Bob Iger, It's, Hulu, Elaine Low, Colin Salao Organizations: Disney, Netflix, ESPN, Star, Business, Netflix's, Hulu, Disney's, Fox Corp, Warner Bros, US, of Foreign Labor, Labor, Consumer, Software Engineering, Data Engineering, Business Intelligence, Software, Account, Growth, Hulu —, Management, Security, Network, Disney Entertainment, Disney Financial Services, Human Resources Services, Workforce Technology, Engineering, Disney Parks Technology, Technology, Digital, Retail Commerce, Disney Worldwide, Walt Disney Attractions Technology, Walt Disney Parks and Resorts, Walt Disney Pictures, & $ Locations: Hulu, Disney

☆ A college is removing its vending machines after a student discovered they were using facial recognition technology
▼ + stars: | 2024-02-25 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +4 min

A university in Canada is expected to remove a series of vending machines from campus after a student discovered a sign they used facial recognition technology. The smart vending machines at the University of Waterloo first gained attention this month when Reddit user SquidKid47 shared a photo. Stanley investigated the smart vending machines, discovering that they're provided by Adaria Vending Services and manufactured by Invenda Group. Canadian publication CTV News reported that Mars, owner of M&M's, owns the vending machines. AdvertisementIn response to the student publication's report, the director of technology services for Adaria Vending Services told MathNEWS that "an individual person cannot be identified using the technology in the machines."

Persons: SquidKid47, Stanley, MathNEWS, Adaria, MathNews, we've, Rebecca Elming, TikTok Organizations: University of Waterloo, Business, University, Waterloo, Ars Technica, Adaria Vending Services, Invenda Group, CTV News, Data, Invenda, Guardian, DePaul University Locations: Canada, China

SEATTLE (AP) — The governor of Washington on Tuesday called for the state to develop best practices on how agencies should use generative artificial intelligence as it continues to incorporate the technology into government operations. Wes Moore signed an executive order creating an AI subcabinet that will develop a plan to create appropriate guardrails for agencies’ use of AI. The executive order in Washington highlights the huge potential for generative AI, including how it could be beneficial for language translation, code generation and contract management. And he called for state agencies, along with tribal governments, community members and others to come up with best practices for how agencies should evaluate the impact this technology could have on vulnerable communities. “Our goal is to help the state continue using generative AI in ways that help the public while putting up guardrails around uses that present a lot of risk,” said Katy Ruckle, the state’s chief privacy officer.

Persons: “, Jay Inslee, Wes Moore, ”, Katy Ruckle Organizations: SEATTLE, Democratic Gov, Maryland Gov, Biden Locations: Washington, “

☆ AI can now tell if your Louis Vuitton handbag is fake
▼ + stars: | 2023-12-25 | by ( Aaron Mok | ) www.businessinsider.com time to read: +4 min

Tech company Entrupy says its device can authenticate handbags from brands like Louis Vuitton and Chanel. The AI authenticator is gaining renewed interest as companies seek to cash in on the AI hype. And interest in the AI tool may continue to grow as businesses seek to cash in on the AI hype. Currently only available to resellers of luxury goods, Entrupy claims its tool can authenticate products from luxury brands like Balenciaga, Burberry, Gucci, and Louis Vuitton. Two months later, Humane.ai, an AI startup, launched its AI pin — which the company says can project information onto a user's palm through light — to the market.

Persons: Entrupy, Louis Vuitton, Chanel, —, Gucci, Vidyuth Srinivasan, Elle, there's, that's, TikTok, Entrupy didn't, Meta Organizations: Tech, Service, Burberry

☆ A Spanish man accused of teaching North Korea how to evade US sanctions using crypto says his passport was confiscated more than 7 years ago
▼ + stars: | 2023-12-05 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +4 min

A Spanish man accused of teaching North Korea to use crypto rejected the accusations. Alejandro Cao de Benós said his passport was confiscated 7 years ago, preventing foreign trips. AdvertisementA Spanish man pushed back against accusations that he was teaching North Koreans how to evade US sanctions using cryptocurrencies. In a strongly worded statement , Alejandro Cao de Benós said his passport was confiscated seven and a half years ago by Spanish authorities, making any foreign trips, and therefore his presence in North Korea, impossible. During the conference, Griffiths and co-conspirator Christopher Emms provided advice and instructions on how North Korea "could use blockchain and cryptocurrencies to evade US sanctions," the indictment read.

Persons: Alejandro Cao de Benós, —, Cao, Benós, Virgil Griffiths, Cao de Benós, Griffiths, Pyongyang's, Christopher Emms, Griffith, Virgil Giffin, Virgil Griffith Organizations: Service, North, Spanish, Business, Interpol, Spain's National Police, Cryptocurrency, Trump -, Economic, Public Affairs, FBI, BI, Korean Friendship Association Locations: North Korea, Spain, Spanish, Totana, Murcia, Madrid, Korea, Día

☆ A Spanish man faces 20 years in prison for teaching North Korea how to evade US sanctions using cryptocurrencies
▼ + stars: | 2023-12-04 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

A Spanish man faces 20 years in prison for teaching North Korea cryptocurrency, according to police. Alejandro Cao de Benós is wanted by the FBI for helping North Korea evade US sanctions. He was arrested at a Madrid train station last week, Spanish police said. AdvertisementA Spanish man is facing 20 years in prison in the US for teaching North Koreans how to evade US sanctions using cryptocurrencies, according to Spain's National Police . And hackers with ties to North Korea stole $630 million in crypto last year, their biggest haul ever, Reuters reported in February, citing a confidential UN report.

Persons: Alejandro Cao de Benós, —, National Police didn't, Cao de Benós, Virgil Griffiths, Griffith, Cao de, Virgil Griffin Organizations: North Korea cryptocurrency, FBI, Service, North, Spain's National Police, Interpol, National Police, Korean Friendship Association, Trump -, Economic, Public Affairs, Street, Reuters, UN Locations: North Korea, Madrid, Barcelona, Spanish, blockchain, Pyongyang, United States, Korea, North

☆ India's Tata Technologies' IPO garners bids worth over $18 bln
▼ + stars: | 2023-11-24 | by ( Rama Venkat | ) www.reuters.com time to read: +2 min

A Tata sign is seen outside their offices in London, Britain March 30, 2016. REUTERS/Toby Melville//File Photo Acquire Licensing RightsBENGALURU, Nov 24 (Reuters) - India's Tata Technologies' 30.43 billion rupee ($366 million) initial public offering (IPO) remained the most oversubscribed domestic IPO this week, signalling robust demand for the Tata group's first public float in nearly two decades. Investors bid for about 3.13 billion shares worth 1.56 trillion rupees ($18.74 billion) by the close of subscriptions on Friday, compared with the 45 million shares on offer, with institutional investors showing the most interest. This is the first Tata group company IPO since Tata Consultancy Services (TCS.NS) in 2004. Tata Technologies, which provides engineering and technology services to auto, aero and heavy machinery makers, will be valued at 202.83 billion rupees at the top-end of its price band of 475-500 rupees.

Persons: Toby Melville, Arun Kejriwal, Rama Venkat, Sonia Cheema Organizations: Tata, REUTERS, Rights, India's Tata Technologies, Tata group's, Kejriwal Research, Investment Services, Tata Consultancy Services, Tata Technologies, Fedbank Financial Services, Flair, Industries, Indian Renewable Energy Development Agency, Gandhar Oil, Kejriwal, Thomson Locations: London, Britain, India, Bengaluru

Tokyo-based Sony Corp.’s quarterly profit totaled 200 billion yen ($1.3 billion), down from 282 billion yen a year earlier. Quarterly sales rose 11% to 2.7 trillion yen ($18 billion), with gains in video games, image sensor and music operations and weakness in its financial and entertainment technology services. A deal was reached late Wednesday, ending the longest strike ever for film and television actors. Sony raised its full year profit forecast to 880 billion yen ($5.8 billion) from an earlier projection for an 860 billion yen ($5.7) profit. That’s lower than the profit recorded the previous year at 1 trillion yen.

Persons: —, Travis Scott, Harry Styles, ___ Yuri Kageyama Organizations: TOKYO, Sony Corp, Sony, Screen, American Federation of Television, Radio Artists, PlayStation Locations: Tokyo

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