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The results showed that 78% of prospective buyers of AI-enabled iPhones would pay a monthly subscription to get unlimited access to Apple Intelligence features. Similar to Morgan Stanley, the Melius analysts pointed to the delayed release of Apple Intelligence. Similar to Morgan Stanley and Melius, we see Apple's iPhone upgrade cycle as a story in the coming quarters, rather than right now. Don't trade Apple." With the delayed rollout of Apple Intelligence, it's clear to us that users may take longer to switch up to newer models.
Persons: Morgan Stanley, iPhones, gamed, Said, Melius, Jim Cramer, Morgan Stanley's, Jim, It's, Apple's, Donald Trump's, Jim Cramer's Organizations: Apple Intelligence, Huawei, Apple, Research, Management, CNBC, Nurphoto, Getty Locations: China, India, Manhattan , New York
For all we know, the yield curve may simply be going through the birthing of an un-inverted yield curve. GOOGL YTD mountain Alphabet YTD Search used to be so simple. META YTD mountain Meta Platforms YTD Meta Platforms has run big ahead of the quarter. AMZN YTD mountain Amazon YTD Let's get to the two toughest of the week, Amazon and Apple. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: let's, Eli Lilly, nonfarm payrolls, Carl Quintanilla, batty, Jeff Marks, Waymo, Elon Musk, Donald Trump, Kamala Harris, Department's, Mark Zuckerberg, Jensen Huang, Marc Benioff, Trump, Warren Buffett, Jim Cramer's, Jim Cramer, Jim Organizations: CNBC, Microsoft, Apple, Treasury, Federal Reserve, charlatans, Honeywell, Twitter, Club, Gemini, YouTube, Google, Donner Party of cannibalization, AMD, Nvidia, Intel, Merck, Pfizer, Tech Titans, Meta, Amazon Web Services Locations: Wall, cyclicals, California, Philly
S & P 500 money is oblivious to stock valuations of any kind and ignorant to upgrades and downgrades. The Lilliputian sellers regularly fail to do damage when matched with the oblivious index money. A 4% 2-year note isn't competitive to the magnet of the S & P 500 and its kin. That's emblematic of what happens with a big buyback without stock-based compensation (something many tech firms use that renders moot the S & P 500 inflows). Because of the way that the S & P 500 money is divvied up, the share base becomes overwhelmingly index-fund based and the index fund shareholders do not sell.
Persons: Morningstar, Smoot, Herbert Hoover's, Warren Buffett, Buffett, Jerome Powell, haven't, Charlie Scharf, Wells, Banks, Charlie, Morgan Stanley, Ted Pick, James Gorman, Schwab, Gamble, Jim Umpleby, that's, Butch Cassidy, Jim Cramer's, Jim Cramer, Jim, Charles Scharf, Kyle Grillot Organizations: Federal Reserve, Commerce Department, Taiwan Semi, Trust, Fed, Triple AAA Robinhood, Morgan, Procter, United Airlines, Exxon, Caterpillar, Boeing, Apple, Meta, Sundance, Jim Cramer's Charitable, CNBC, Milken Institute Global Conference, Bloomberg, Getty Locations: Hawley, McCumber, Taiwan, Arizona, American, Wells Fargo, Wells, China, Chevron, Beverly Hills, Calif
Posts with obviously AI-generated images and confusing captions sometimes receive thousands of likes and hundreds of comments and shares. “The Facebook Feed … at times shows users AI-generated images even when they do not follow the Pages posting those images. Experts who track this kind of online behavior say there are likely several different kinds of actors behind the Facebook spam, with varying motives. Meta also automatically labels AI-generated images created with its own tools. However, there are still ways for users to strip out that metadata (or create AI images without it) to evade detection.
Persons: you’re, , , Ben Decker, Erin Logan, De Marco, Lewis Hine, Hany Farid, Amy Couch ”, Kris, influencer, We’ve, Amy Couch, Renee DiResta, Josh Goldstein, David Evan Harris, Harris, ” Harris, cheeseburgers, Jair, Bolsonaro, ” Farid, Meta Organizations: New, New York CNN, Facebook, Meta, National Child Labor, Google, Library of Congress, CNN, UC Berkeley, “ Cubs, Stanford, Georgetown, Media Locations: New York, TikTok, New Jersey, Meta
Not to mention the third round of men’s golf, and men’s and women’s tennis medal matches earlier in the day. Saturday's 31 gold medal events Sport Event Time Archery Women's individual 8:46 a.m. Shooting Men's skeet 9:30 a.m. Surfing Men's final 4 p.m. Surfing Women's final 5:12 p.m. Swimming Mixed 4x100m medley relay 3:58 p.m. Table tennis Women's singles 8:30 a.m. Tennis Men's doubles 6 a.m. Tennis Women's singles Third on courtThere’s also the U.S. women’s soccer quarterfinal against Japan at 9 a.m. Added Tamayo: “You’ve gotta manage your brain, you can’t go too hard.”Step 3: Have a pick-me-upChina’s Zheng Qinwen goes against Croatia’s Donna Vekić in the women’s tennis gold medal match.
Persons: Scott Hanson, Hanson, , we’re, “ RedZone, Simone Biles, Katie Ledecky, LeBron James, Sha’Carri Richardson, Léon Marchand, Stephen Nedoroscik, ” Hanson, it’s, Gabriel Bouys, Tom Harris, Year’s Eves, , Harris, Biles, Nedoroscik, Ledecky, Richardson, Men's, Athletics Women's, There’s, Pace, Ryan Crouser, Ben Stansall, Jonathan Tamayo, Tamayo, , ” Tamayo, ” Ashton Harrison, Zheng Qinwen, Croatia’s Donna Vekić, Harrison, Devin Altieri —, ” Altieri, you’ve, Altieri, carbo, “ Don’t, Pascal Guyot, Oside, Oluwole, . Hanson, “ I’ve, Peacock's, RedZone, Dan Goldfarb, Sean Reilly, Henry Browne, Hannah Peters, Jamie Squire, Jonathan Nackstrand Organizations: NFL, Paris, Olympic, Getty Images, Times Square Alliance, Stade de France, Athletics, Women's, Athletics Men's, Badminton, Dressage, Japan, U.S, Puerto Rico, Getty, Indy, Pepsi, rugby, USA, Paris Games Locations: U.S, AFP, New York, Florida, Paris, Sebring
Fearing the dreaded technical interview, Kyle hit the books harder than a high school junior studying for the SAT. It turns out Silicon Valley is engaged in a raucous debate over the use of artificial intelligence in technical interviews. Those in favor say banning chatbots in technical interviews is like prohibiting calculators in math tests. AdvertisementThe technical interview is open bookPeople close to the interview process say companies are already changing their tests to avoid cheating. Big Tech's reluctanceIn Big Tech, companies are so far opting out of chatbots in technical interviews.
Persons: , Kyle, Tammy Han, Santosh Sankar, Cristina Cordova, Ram Sriharsha, doesn't, Zeta, Kevin Hopkins, Aline Lerner, Lerner, Yossi Kahlon, Kahlon, Mang, Ng, Amanda Richardson, Akmen, Richardson, Tigran Sloyan, Sloyan, Natan Fisher, he's, Rahul Vohra, Stephen McCarthy, Fisher Organizations: Service, Business, Software, Dynamo Ventures, San Francisco Chronicle, Hearst Newspapers, Getty, Zeta, Engineers, Google, Big Tech, Meta, CoderPad, Spotify, LinkedIn, Founders Locations: Silicon, chatbot
Still, the Biden administration believes there is an opportunity to close the deal, one US official said. Biden unleashed the pressure campaignThe Biden administration’s intense pressure campaign coincides with Biden’s speech last Friday declaring that Hamas must accept the Israeli proposal on the table. Biden laid out three phases of a deal that he said the Israelis had transmitted to Hamas the night before he spoke. And now, one week after the latest Israeli proposal was transmitted to Hamas, it remains unclear if the pressure campaign will succeed. Miller acknowledged Wednesday that Sinwar might not see it as in his interest to accept the deal on the table.
Persons: CNN —, Biden, Antony Blinken, Brett McGurk, Bill Burns, Joe Biden, , They’ve, Qatar –, , Matt Miller, ” Miller, ’ ” Biden, Yahya Sinwar –, Miller, Sinwar Organizations: CNN, State Department, CIA, Biden, Hamas, US, Qatar, State, Democratic National Convention Locations: Gaza, Israel, Egypt, Qatar, Turkey, Cairo
Jefferies included a $4 million break-up fee in an offer letter to a banker. The Wall Street bank is demanding payment after Dean Decker stayed with Credit Suisse after signing. AdvertisementA Wall Street bank inserted a $4 million break-up fee into an offer letter and demanded the payment after the employee backed out. "In fact, the only winner was Decker — both Jefferies and Credit Suisse were gamed (pun intended.)" It's worth noting that Credit Suisse agreed to cover Decker's legal costs and any damages, meaning UBS is on the hook following a merger of the two Swiss banks last year.
Persons: Jefferies, Dean Decker, , Decker, Decker —, UBS didn't Organizations: Credit Suisse, Service, Bloomberg, Jefferies, Suisse, UBS, Banco Santander, Business Locations: California, Spanish
The ending is abrupt, but Apple's EV ambitions weren't easily realized. AdvertisementNurPhoto/Getty, Tyler Le/BIApple's departure shows how challenging the once red-hot EV market has become. In the long run, Apple's exit could even be spun as a win for the EV market. Less competition is rarely good, but some of Apple's employees could land at rival EV makers, providing a much-needed boost. OpenAI fires back at The New York Times.
Persons: Donald Trump, Nikki Haley, Tyler Le, Aaron Mok, weren't, Elon Musk, That's, Rivian, Spencer Platt, Mislav Matejka, Morgan Stanley's, Ellen Zentner, Zentner, Jamie Dimon, he's, Slaven, Jenny Chang, Rodriguez, Satya Nadella, It's, Reddit, isn't, Wendy's, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb Organizations: Republican, Apple, Bloomberg, Tesla, EV, Getty, Elon, Google, Microsoft, The New York Times, Times, Paramount, HP Locations: Michigan, China, New York, London
Read previewIn response to The New York Times' lawsuit against OpenAI, the artificial intelligence company is clapping back, saying in a new federal court filing that the Times hired someone to "hack" OpenAI platforms. "The truth, which will come out in the course of this case, is that the Times paid someone to hack OpenAI's products," OpenAI's lawyers wrote in a motion filed in Manhattan federal court on Monday. Not only did the Times pay someone to "hack" OpenAI's products, the filing alleges, but it also gamed the system to produce misleading evidence for the case. "It took them tens of thousands of attempts to generate the highly anomalous results" outlined in the Times' complaint, OpenAI's filing says. "Normal people do not use OpenAI's products in this way," the filing continues.
Persons: , OpenAI, George R, Martin, Sarah Silverman, John Grisham Organizations: Service, New York Times, OpenAI, Times, Business, Microsoft, The New York Times Locations: Manhattan
Singtel has said that while Optus experienced an outage after its software upgrade, the upgrade itself was not the cause. "Singtel will support Optus as it learns from what has occurred and continues to improve," the Singapore company said a day earlier. Kanagaratnam told the hearing Optus never expected a total shutdown because it had filters designed to stop all 90 of the company's routers from being overloaded with data. "The outage was a result of our defence not working as it should have," he said. Bayer Rosmarin said 228 calls to Australian emergency hotline Triple-0 failed to connect because of the outage, but the telco had followed up all incidents and "thankfully everybody is OK".
Persons: Kanagaratnam, Singtel, Kelly Bayer Rosmarin, Bayer Rosmarin, telco, Byron Kaye, Gerry Doyle Organizations: SYDNEY, Optus, Singapore Telecommunications, Triple, Bayer, Thomson Locations: Singapore
CNBC's Jim Cramer told investors that some sell-offs occur due to decisions made by the Federal Reserve. Cramer explained that during sudden market drops, in an overall healthy economy, investors should look for "accidental high yielders." Cramer explained that these are stocks that continue to pay out high dividends when their share price is declining. To find these stocks, Cramer suggested focusing on companies that remain stable against swings in the economy. They're very different from accidental high yielders that can spring back when the Fed stops tightening."
Persons: CNBC's Jim Cramer, Cramer Organizations: Federal Reserve, Fed Locations: Treasurys
“It’s knocked the Russians off balance a bit, but it is not doing anything decisive,” a senior defense official told CNN. Investigative Committee of Russia/Reuters“There’s more and more pressure on Crimea, and especially so in recent weeks,” that official told CNN. For now, the United States is not actively advising Ukraine against striking Crimea, according to the senior defense official. A stalled offensiveUS and Ukrainian officials openly acknowledge that the Ukrainian counteroffensive has not proceeded as quickly as had been expected and war-gamed in the months leading up to the push. “I’m not too optimistic that we’ll be at the Sea of Azov by Christmas,” said the US military official.
Persons: “ It’s, , Reuters “, , Vladimir Putin, Michael Kofman, ” Miles, “ I’m Organizations: CNN, Biden, Western, Reuters, Eurasia Program, Carnegie Endowment, International Locations: Ukraine, Crimea, Washington, Russian, Russia, Crimean, Kerch, Ukrainian, United States, Bakhmut, Azov, Europe,
LONDON, June 1 (Reuters) - The London Metal Exchange (LME) is once again looking to shine more light on what lies in the shadows of its warehousing system. The exchange's daily stocks reports offer a rare hard data point in a murky statistical landscape for metal traders. LME stocks are flatlining but is this down to the market or changed market behaviour? Traders will game any system they come up against but the current LME stocks reporting regime makes it too easy. Restoring trust in exchange stocks reporting is a key step in winning back the broader confidence of the market.
Persons: it's, Mark Potter Organizations: London Metal Exchange, Hong Kong Exchanges, HK, Shanghai Futures, Traders, CME, Reuters, Thomson Locations: Malaysia's Port Klang, Singapore, Shanghai
In the run-up to the first round of voting, Erdogan’s interior minister, Süleyman Soylu, tellingly likened the election to the 2016 attempted coup. Off the back of Erdogan’s win, we can expect Turkey to draw even closer to Russia, which supplies more than one-third of its petroleum and oil products. So look for Erdogan to follow whatever geopolitical path benefits his Russian patron, including continued opposition to Sweden joining NATO. Erdogan’s economic policies have contributed to horrific inflation: over 80% in October, a 24-year record, and still at 44% last month. For all his bluster about modernizing Turkey, Erdogan has created an environment of fear, hostility and economic hardship.
Employees have been working around the clock to onboard as many startups as possible in the wake of the implosion of Silicon Valley Bank. Silicon Valley Bank, which had more than $175 billion in deposits and served nearly half of US VC-backed startups, was taken over by US regulators on March 10. "That said, I am worried that this bias towards a Big Four bank is a double-edged sword," Shekar added. "SVB did not think like a big bank. They could understand your operating plan when a big bank would balk at it," Ashley Tyrner, CEO and founder of FarmBoxRX, told Insider.
TikTok overrode its algorithm to boost views on the World Cup and Taylor Swift, a company exec said. TikTok's Jeff Louisma compared the practice to how Netflix promotes certain movies on its homepage. Putting guardrails on TikTok's algorithm is a focus for US officials that fear influence campaigns. TikTok has manipulated its own algorithm to promote certain tentpole moments such as the World Cup or when Taylor Swift first joined the platform, a company cybersecurity exec said on Saturday, speaking at the South by Southwest conference in Austin, Texas. TikTok staff also have other mechanisms that can influence the type of content that's surfaced to users on its app.
Ryan Broderick noticed engagement on his tweets sharply dropped in recent months. There were a few things Broderick noticed about tweets on the For You page. Broderick also saw that Twitter's algorithm was prioritizing "already-viral" content, which he suspects might be the reason why everyone was seeing the same tweets. This Insider reporter saw Broderick's tweets about Marvel and his theory about Twitter's algorithm on the For You tab before following or interviewing Broderick. Broderick encourages the idea of other people using his method to try to game Twitter's algorithm and further highlight the problem.
A recent series of US military tests saw AI fly a fighter jet and battle simulated enemies. The modified jet practiced beyond-visual-range engagements and dogfighting, the 412th Test Wing revealed. It can be piloted by autonomous AI programs and mirror the flight characteristics of aircraft like the F-16 jet or MQ-20 drone. One of the two programs tested by the US military was a product of the Air Force Research Laboratory's Autonomous Air Combat Operations, or AACO. This program piloted the VISTA in one-on-one engagements against a simulated enemy beyond visual range, the 412th Test Wing said.
Win or lose, Microsoft is giving Google the kick in the rear end it's needed for a long time. Competition is ultimately good for consumers, but AI still has a long way to go. And yet, Google has never faced a real challenge to its search engine empire. Microsoft's Bing has endured for years as a consistent but distant second-place search engine — despite the tech titan's best efforts. What's not clear is whether Microsoft will end up being the company to lead the charge through the disruption of search engine technology.
“If it’s a room of five people, Anita and Bob are two of them,” said a former White House aide, who asked to remain anonymous because the person was not authorized to speak on the record about White House business. The White House declined to comment for this piece. The group of White House aides that were looped in on the discovery immediately was slightly larger and included Dunn, this person said. “Whatever strategy they had has not served him well — the lack of transparency from November to January,” said a second former White House official. Bauer, who didn’t join the administration, has acted as a sounding board for White House lawyers on potential hires.
CNN —Sunday officially marks one month since the world’s richest man took the helm at Twitter. After spending months embroiled in an unsuccessful legal battle to get out of his initial proposal to buy Twitter, Musk made his first splashy entrance into the company’s offices on Oct. 26, carrying a sink. (In a video of the incident shared on Twitter, he wrote: “Entering Twitter HQ – let that sink in!) In another dramatic move by the new boss, Musk publicly fired a software engineer who had survived the initial round of cuts, but who then questioned Musk on Twitter. Musk goes onto to grant ‘amnesty’ to most previously banned accountsAfter conducting yet another Twitter poll, Musk said on Nov. 24 that he will begin restoring most previously banned accounts on Twitter starting next week.
The public termination came after Frohnhoefer tweeted evidence suggesting that Musk was “wrong” about his claims that Twitter was running, in the billionaire’s words, “super slow” in various countries. Sources have indicated to CNN that employees in recent days had been very candid in criticism of Musk in the company’s Slack. (CNN has attempted to contact fired employees to confirm.) In addition to the public pushback from employees, some Twitter staff appear to have tried to appeal to Musk and his inner circle privately as they weigh numerous disruptive changes to the platform. The paid subscription service was suspended on Friday with little warning.
CNN Business —Twitter appears to be battling a wave of celebrity and corporate impersonators on its platform who have quickly gamed the company’s new paid verification system, hours after its launch. CNN has confirmed multiple verified Twitter accounts have been suspended by the platform after other users posted screenshots showing misleading content from the accounts. The fake verified accounts had posed as former President Donald Trump, Rudy Giuliani, Nintendo of America, the basketball player LeBron James, the software company Valve and others. Before being suspended, the impostor Nintendo account tweeted an image of the video game character Mario giving the viewer the middle finger. In an interview with CNN, Whelan said he managed to impersonate Trump by repurposing an old, spare account.
Insider asked 12 top VCs what ad and marketing tech companies excited them the most this year. Check out the 19 most promising adtech startups, and what they do that makes them unique. It hopes to raise a Series A funding round in the coming months. Emperia is currently raising its next funding round. Why it's on the list: Tech companies are being scrutinized for their wasting energy consumption, and the digital advertising industry is no exception.
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