DIRS.INFO The most relevant business & tech news

☆ Elad Gil raised $1 billion to invest in leading AI startups
▼ + stars: | 2024-10-24 | by ( Leena Rao | ) www.businessinsider.com time to read: 1 min

The serial entrepreneur and prolific startup investor Gil, who is part of Business Insider's 2024 AI Power List, has raised $1 billion , reportedly bringing his personal war chest to more than $2 billion , to deploy into AI startups. Gil, who invested early in Airbnb, Stripe, and Square, has backed some of the most notable AI startups, such as Harvey , Mistral, Pika , Magic, and Perplexity . Gil, a former operator at Twitter and Google, recently told Business Insider that he believed the "AI app layer" would start to crystalize this year, bringing the power of rapidly advancing foundation models to the masses. See Business Insider's full AI Power List

Persons: Gil, Harvey, Mistral Organizations: Twitter, Google, Business Locations: Airbnb

☆ The Biden-Trump debate will lay bare a fateful national crossroads
▼ + stars: | 2024-06-25 | by ( Stephen Collinson | ) edition.cnn.com time to read: +10 min

The country is confronting a perilous moment, internally estranged over politics and culture and as multiple foreign policy crises deepen. Biden has dedicated his term to expanding NATO to counter the Kremlin’s onslaught on Ukraine and threat to wider Europe. This leaves Biden badly needing to use Thursday night’s debate to convince voters that he can make their lives better — and soon. Post-game coverage of Thursday’s debate is certain to zero in on the best verbal jabs, soundbites and the stamina and energy of the rival candidates. But the most meaningful impact of the clash between Trump and Biden will only begin to unfold after noon on Inauguration Day, January 20, 2025.

Persons: Al, George H.W, Richard Nixon’s, Donald Trump’s, Hillary Clinton, Joe Biden, Trump, Robert Frost’s, Biden, he’s, “, he’d, Vladimir Putin, Kim Jong Un, Nikoletta Stoyanova, didn’t, they’ve, Trump’s, Jerome Powell, Kamala Harris, Lyndon Johnson, He’s Organizations: CNN, White, GOP, NATO, Trump, North, America, 57th Motorized Brigade, Republican Party, Federal, ABC Locations: America, Russia, China, Ukraine, Europe, Beijing, Gaza, United States, Vovchansk, Kharkiv Region, Nevada

☆ Biden team raised $53 million in February, entering general election with major cash advantage
▼ + stars: | 2024-03-17 | by ( Kevin Liptak | ) edition.cnn.com time to read: +4 min

CNN —President Joe Biden’s campaign effort brought in $53 million in February, a sign of accelerating donor interest over a month that saw the election rematch crystalize between Biden and former President Donald Trump. The figure, which includes funds from Biden’s campaign, the Democratic National Committee and related joint fundraising committees, contributed to the $155 million Biden’s effort had in the bank at the end of February. Biden’s fundraising efforts in February included a three-day swing in California that was expected to raise as much as $10 million. In all, the Biden campaign says it has received donations from 1.3 million donors since the start of the campaign last year, with 97% coming in under $200. February was the strongest grassroots fundraising month so far, the campaign said.

Persons: Joe Biden’s, crystalize, Biden, Donald Trump, Jill Biden, Robert Hur’s, Barack Obama, Bill Clinton, you’ve, ”, Rob Flaherty, Biden’s, Flaherty, “ Organizations: CNN, Democratic National Committee, Democratic, Trump, Air Force, Republican, Biden, GOP Locations: Nevada, Arizona, California, South Carolina

Among other things, he denied a motion from Trump to dismiss the case and set parameters for jury selection. "At this point, I can inform you that we're moving ahead with jury selection on March 25," he told the court. The Week in Cartoons Feb. 12-16 View All 17 Images“There was a tendency to disparage this case as being the least important – it’s just hush money. Trump denies any wrongdoing and has said that the payments to Cohen were simply reimbursements for legal expenses. “I was probably the only one who didn’t see it that way and felt like I was fighting an uphill battle.

Persons: Donald Trump, Trump, Judge Juan Merchan, ”, Shanlon Wu, Cohen Seglias, Stormy Daniels, Michael Cohen, Attorney Alvin Bragg, reimbursements, Cohen, Daniels, Norm Eisen, “, ” Eisen, ” Trump, Karen Agnifilo, it's, Joe, Joe Biden’s, It’s, Agnifilo, Merchan, Arthur Engoron, Jean Carrol, Wu Organizations: Trump, Republican, Manhattan, Attorney, Prosecutors, …, Washington , D.C, Capitol Locations: Manhattan, Clinton, Washington ,, Georgia’s Fulton County, New York’s

☆ Elad Gil, tech's biggest solo capitalist, sees an AI app wave coming
▼ + stars: | 2024-02-14 | by ( Darius Rafieyan | Samantha Stokes | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementThe year of the "AI app layer"Gil sees 2024 as the year that the “AI app layer” will start to crystalize, bringing the power of rapidly advancing foundation models to the masses. For someone with so much skin in the AI game, it’s notable that Gil’s portfolio does not include the big foundation models companies like OpenAI, Anthropic, and Cohere. Gil says he has been impressed with how quickly the legacy tech companies have moved to corner the market on cutting-edge AI research. But with the Biden administration’s more robust antitrust posture, Gil says there’s a lot of much-needed consolidation that’s not happening.

Persons: —, OpenAI, Elad Gil, Harvey, Character.ai, “ We're, ” Gil, ChatGPT, Gil, Gil's, ”, “ they’ve, Biden, there’s Organizations: Service, Business, Twitter, Mixer Labs, Google, Apple, Fortune, “ Enterprises Locations: Airbnb, MistralAI, Silicon Valley

☆ Launch of new ETFs may not affect bitcoin the same way they did gold, Citi says. Here’s why
▼ + stars: | 2024-01-30 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

The launch of spot bitcoin ETFs in the U.S. has been widely anticipated for months, with many investors thinking they could revolutionize investing in the asset the way the SPDR Gold Shares ETF (GLD) did for gold in 2004. Bernstein recently said bitcoin could rocket to $200,000 by the end of next year with bitcoin ETFs. "It still took bullion ETFs several years to crystalize holdings and AUM that structurally impacted spot gold prices and lifted trading," Saunders said. Additionally, bitcoin is newer and less established than gold was before the introduction of gold ETFs, he added. Last year, that correlation fell to its lowest since 2021 , while bitcoin's correlation with gold has been climbing.

Persons: Bernstein, Alex Saunders, Saunders, they're, … bitcoin, bitcoin Organizations: Citi Locations: U.S

☆ Marie Laurencin, the 1920s painter who hid sapphic symbols in her portraits
▼ + stars: | 2024-01-10 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +9 min

Fondation Foujita/Artists Rights Society, New York/ADAGP, Paris/Christie's/Bridgeman Images/Courtesy Barnes FoundationA portrait of Marie Laurencin by Man Ray, 1925. Fondation Foujita/Artists Rights Society, New York/ADAGP, Paris/Bridgeman Images/Courtesy Barnes Foundation"The Woman-Horse (La femme-cheval)," from 1918. Fondation Foujita/Artists Rights Society, New York/ADAGP, Paris/Courtesy Barnes FoundationBut as definitions of femininity have expanded in recent decades, so too has appreciation for Laurencin’s idyllic, women-only world. She often titled her portraits of women “Friends” or “Two Friends,” leaving the exact nature of their intimacy unclear. It’s almost like a radical utopia… a world of women, for women, by women,” Kang said.

Persons: peintre, modèle, Christie's, Marie Laurencin, Man Ray, CNN — Marie Laurencin’s, ”, Pablo Picasso, Georges Braque —, Simonetta Fraquelli, ” Fraquelli, “, Laurencin, Cindy Kang, Barnes, Francisco Goya, Kang, don’t, ’, Académie Humbert, wasn’t, Rachel Silveri, Adrienne Monnier, airheads, Mademoiselle Chanel, — Picasso, Jean Cocteau, Paul Rosenberg —, Coco Chanel, Maud “ Emerald, Jacques Faujour, Dove ”, Nicole Groult, “ It’s, ” Kang, Natalie Clifford Barney, Gertrude Stein, Berenice Abbott, Otto von Waetjen, Guillaume Apollinaire, Suzanne Moreau, —, Musée de, Herve Lewandowski, — Laurencin, Marshal Philippe Pétain, Moreau, Masahiro Takano, Albert C, hasn’t, we’ve Organizations: Foujita, Artists Rights Society, CNN, grays, Barnes Foundation, Palais, Art, Fraquelli, Groult, Museum, Marie, Marie Laurencin Museum Locations: New York, ADAGP, Paris, Philadelphia, Sapphic Paris, Spain, Musée de l'Orangerie, Vichy France, Japan, Tateshina, Japan’s Nagano, Tokyo, “

☆ Keen on harvesting tax losses? Scotiabank names 10 Canadian stocks as 'prime candidates'
▼ + stars: | 2023-11-15 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

As the end of the year approaches, investors are likely to be reviewing their portfolios and considering which stocks to sell to harvest tax losses. Tax-loss harvesting is a strategy to offset capital gains tax from stocks that have run up in share price with losses from non-performing stocks. To aid investors, Scotiabank identified several stocks on Canada's TSX Composite index that are down significantly this year but are still rated as "Sector Outperform" by its analysts. "These are prime candidates to keep long-term exposure to despite recent weakness," said Scotiabank analysts led by Hugo Ste-Marie in a note to clients on Nov. 13. Scotiabank pointed out that the top 20 stocks in the S & P 500 index are up significantly this year, while the remaining 480 stocks are showing losses on average.

Persons: Hugo Ste, Marie Organizations: Scotiabank, Stocks, TELUS International, Allied, Trisura, HudBay Minerals, Hudbay Minerals, Capstone, Corp, Ivanhoe Mines, Teck Resources, Tech Locations: Park, Canada, Teck

The voice on the other end asked Roscoe if he would serve as an eleventh-hour mediator in the massive defamation lawsuit filed by Dominion Voting Systems against Fox News. “I said yes,” Roscoe told CNN on Wednesday, recalling advice his father gave him at the age of 16 about accepting work assignments while on vacation. Eduardo Munoz/Reuters/Eric Lee/Bloomberg/Getty ImagesIn the lead up to the last-second deal, attorneys for both Fox News and Dominion were fully expecting a trial. Last week, Dominion had notified Fox News that one of its first witnesses would be Rupert Murdoch, the 92-year-old Fox Corporation chairman, a person familiar with the matter told CNN. “Presence in the courtroom often tends to crystalize the focus of the risks and benefits of litigation,” Roscoe told CNN.

☆ Gold prices at 2½-year low as traders brace for Fed outcome
▼ + stars: | 2022-09-21 | by ( ) www.cnbc.com time to read: +2 min

Gold bars arranged at the Korea Gold Exchange store in Seoul, South Korea. Gold prices on Wednesday lingered near their lowest level since April 2020, as investors prepared for the likelihood of another super-sized interest rate hike from the Federal Reserve in its effort to tackle inflation. Gold prices on Wednesday lingered near their lowest level since April 2020, as investors prepared for the likelihood of another super-sized interest rate hike from the Federal Reserve in its effort to tackle inflation. The Fed will release its policy decision at 1800 GMT on Wednesday, followed by chair Jerome Powell's press conference. Rate futures traders are pricing in an 81% chance of another 75 basis-point hike and a 19% probability of a 100 bps increase.

Search resuls for: "crystalize"

10 mentions found