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☆ Yum China CEO: Innovating to offer customers 'emotional value'
▼ + stars: | 2024-11-21 | 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 EmailYum China CEO: Innovating to offer customers 'emotional value'Joey Wat, CEO of Yum China, explains how the company is pursuing product innovation to offer customers "emotional value" as the Chinese consumers tighten their purse strings amid the economic downturn.

Persons: Innovating, Joey Wat Organizations: Yum Locations: Yum China

☆ Amazon targets smart glasses that could guide delivery drivers to where to drop off packages, report says
▼ + stars: | 2024-11-11 | by ( Alex Bitter | ) www.businessinsider.com time to read: +4 min

Amazon is reportedly developing smart glasses that its delivery workers could use. Amazon has offered Echo Frames, its smart glasses for consumers with voice assistant Alexa integrated, since 2019. Sales of the latest version of Echo Frames totaled fewer than 10,000 over the past year, according to the report. Over the years, some Amazon delivery workers have said that Amazon has highly ambitious delivery targets and expects them to deliver more packages than they can during their shifts. AdvertisementAre you an Amazon delivery or retail worker?

Persons: —, Amazon's, Amelia, Alexa, Brian Olsavsky, they're Organizations: Amazon, Reuters, Service Locations: Amazon

☆ Healthcare investors are torn on Trump's second term
▼ + stars: | 2024-11-09 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +11 min

While many tech VCs are optimistic about Trump's second term, some healthcare investors feel stuck. AdvertisementThe lower corporate taxes and deregulation a second Trump term could promise are already amplifying public market optimism. She could be removed as the FTC's head early in Trump's second term — and with relaxed M&A regulations, "anything is possible," said What If Ventures founder Stephen Hays. SOPA Images/Contributor/Getty ImagesMedicaid could also be targeted in Trump's second term. A boon for healthcare AI and Medicare AdvantageTrump's victory could have a positive impact on several big areas of healthcare investment.

Persons: —, Donald Trump's, Trump, He's, he'll, Robert F, Kennedy Jr, Trump's, Michael Greeley, Rebecca Noble, Tesla, JP Morgan Chase, Maven, Omada, Sean Duffy, Lina Khan, Stephen Hays, James Leynse, VCs, Carli Sapir, Jordan Nof, Greeley, Shiv Rao, Kennedy Jr's, Chrissy Farr, Phelps, Phillips, Farr Organizations: Trump, Service, Food and Drug Administration, Centers for Disease Control, Biden, Flare Capital Partners, Getty, Healthcare, Health, Cigna, Humana . Bloomberg, Federal Trade Commission, Investors, Business, Amboy Street Ventures, Tusk Venture, Senate, Affordable, Coalition for Health, Mayo Clinic, Johns Hopkins, Microsoft, Alignment Healthcare, Scrub Locations: Trump's Florida, Tuesday's, Trump's, Boston, America

☆ Tesla, Alphabet or GM? A breakdown of the autonomous driving battle and how to trade it
▼ + stars: | 2024-11-04 | by ( Michael Khouw | ) www.cnbc.com time to read: +12 min

Autonomous driving is at a pivotal juncture, with several companies vying for leadership in a sector that promises to revolutionize transportation. While Tesla (TSLA) has dominated the autonomous vehicle headlines with its Full Self-Driving (FSD) system, it may not be the best autonomous driving investment. Waymo: A leader in the autonomous race Waymo, a subsidiary of Alphabet , has long been a frontrunner in the autonomous driving sector. Tesla's FSD software relies primarily on optical cameras, supported by advanced AI algorithms to interpret the road environment. The value autonomous driving adds to stock Currently, Alphabet, GM, and Tesla are not generating meaningful revenue from autonomous driving or robotics technology.

Persons: GM's, Google's Waymo, Waymo, Tesla's, Cruise, Mary Barra, Elon Musk, Tesla, AVs, GM's supercruise, TSLA, Price, Mary Barra's Organizations: General Motors, PACE, Hyundai, Federal Motor Vehicle Safety, Cruise, Cruise's, National, Traffic Safety Administration, Ford, Elon, GM's, Tesla, GM, CNBC, NBC UNIVERSAL Locations: Phoenix, Los Angeles, AVs

☆ Amazon crushed it in e-commerce and cloud, forecast an impressive holiday quarter
▼ + stars: | 2024-10-31 | by ( Jeff Marks | ) www.cnbc.com time to read: +9 min

Amazon reported a much better-than-expected third quarter Thursday, with strong growth across online sales, its cloud business and advertising. Commentary Cloud unit Amazon Web Services (AWS) revenue in the third quarter was essentially in line with the consensus forecast. Growth on a constant currency basis held steady from the second quarter at 19%, breaking a three-quarter streak of accelerating revenue growth. Quarterly results As for the rest of the company, Amazon delivered revenue beats across Online Stores (7% revenue growth), Subscription Services (11% revenue growth), and Advertising Services (19% revenue growth). Smaller businesses like Physical Stores (5% revenue growth) and Other (7% revenue growth) were better than expected too.

Persons: Andy Jassy, Jassy, it's, Kuiper, That's, Jim Cramer's, Jim Cramer, Jim, Nathan Stirk Organizations: Amazon, LSEG, Management, Walmart, Target, Microsoft, North America, International, Web Services, AWS, Subscription Services, Advertising Services, Seller Services, CNBC, Getty Locations: North, North America, United Kingdom, Germany, Sutton Coldfield, England

☆ Ford cuts profit forecast as high costs and low volumes hit hard
▼ + stars: | 2024-10-29 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

The guidance stems from high costs and low volumes of Ford Pro and Ford Blue models. Ford aims to compete with Chinese EV makers by reducing costs and innovating designs. It said the guidance was hurt by costs and low volumes of its most profitable cars, Ford Pro and Ford Blue, due to supplier and hurricane-related disruptions. He said that finding new designs for components or using new suppliers will be key to reducing EV costs. Chinese EV makers have been on a roll this year.

Persons: Ford, —, Jim Farley, Farley, I've, Stellantis, Tesla Organizations: Ford Pro, Ford, Service, Companies, EV, European Union, Motors, Chrysler Locations: Russia, Shanghai, Chicago, China

☆ Google VP Amin Vahdat leads the company in innovating with AI chips
▼ + stars: | 2024-10-24 | by ( Hugh Langley | ) www.businessinsider.com time to read: +1 min

With its core business under threat, Google has spent the past two years pouring resources into building its own AI chips. In charge of those efforts is Vahdat, one of Business Insider's 2024 AI Power List picks. Vahdat has been at the company for more than a decade and is today setting the direction for Google's silicon strategy. That also means working closely with Google DeepMind to take its breakthrough models and integrate them throughout Google's products, whether YouTube's creator tools or Google's search ads. See Business Insider's full AI Power List

Persons: Vahdat Organizations: Google, Amazon, Microsoft

☆ Exclusive: Legal tech startup Genie AI just raised $17.8 million in a Google Ventures-led round with this 13-slide deck
▼ + stars: | 2024-10-23 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +3 min

Legal tech startup Genie AI has secured $17.8 million from Google Ventures and Khosla Ventures. AdvertisementLegal tech startup Genie AI has just secured a $17.8 million Series A from Google Ventures and Khosla Ventures. "The main issue that lawyers have is that they are always overworked and understaffed," said Rafie Faruq, the cofounder and CEO of Genie AI. The Series A round, led by early OpenAI-backer Khosla Ventures and Google Ventures, the VC arm of Google parent company Alphabet, takes the startup's total funding to around $20 million. Genie AI said the cash injection will allow it to expand in the US.

Persons: Rafie Faruq, —, Michael Lacorazza, Faruq, Genie, We're, AI, Harvey, It's, we'll Organizations: Google Ventures, Khosla Ventures, Service, Genie, Bank, Microsoft, Google Locations: London

☆ New Boeing CEO to give clues about company's future, while striking workers vote on new contract
▼ + stars: | 2024-10-22 | by ( Leslie Josephs | ) www.nbcnews.com time to read: +7 min

Now, new CEO Kelly Ortberg has the chance to share his vision for the troubled manufacturer, from a potential strike-ending labor agreement to a slimmed-down future. When he takes the mic for his first earnings call as Boeing’s CEO on Wednesday, more than 32,000 striking machinists will start voting on a new, sweetened contract proposal. “I think it’s going to be a tight vote,” Jon Holden, president of the International Association of Machinists and Aerospace Workers District 751, told CNBC on Tuesday. Narrowing businessesOrtberg, a longtime aerospace veteran who previously ran Rockwell Collins, took the reins at Boeing in early August. Mending ties with workers, stabilizing supply chainThe results of the union vote will come out hours after the earnings call.

Persons: Kelly Ortberg, “, ” Jon Holden, RTX, Neil Mitchill, Collins, Rockwell Collins, Robert " Kelly, Ortberg, ”, Ken Herbert, Julie Su, Holden, ” Holden, Joe Biden, Biden, —, Phil LeBeau Organizations: Boeing, International Association of Machinists, Aerospace Workers, CNBC, GE Aerospace, AFP, Getty, Air Force One, Workers, Puget, Labor, Spirit, Aerospace Industries Association Locations: underperformance, Seattle, South Carolina

☆ New Boeing CEO to give clues on company's future, while striking workers vote on new contract
▼ + stars: | 2024-10-22 | by ( Leslie Josephs | ) www.cnbc.com time to read: +5 min

When he takes the mic for his first earnings call as Boeing's CEO on Wednesday, more than 32,000 striking machinists will start voting on a new, sweetened contract proposal. Narrowing businessesOrtberg, a longtime aerospace veteran who previously ran Rockwell Collins, took the reins at Boeing in early August. Boeing's new CEO Kelly Ortberg visits the company's 767 and 777/777X programs' plant in Everett, Washington, U.S. August 16, 2024. watch nowMending ties with workers, stabilizing supply chainThe results of the union vote will come out hours after the earnings call. Meanwhile, the strike is costing Boeing $1 billion a month, according to S&P Global Ratings estimates.

Persons: Ryan Bergh, Jason Redmond, JASON REDMOND, Kelly Ortberg, Rockwell Collins, Ortberg, Marian Lockhart, Ken Herbert, Leslie Josephs Organizations: International Association of Machinists, Aerospace Workers, Seattle Union Hall, Getty, AFP, Boeing, Reuters, Air Force One, Workers, CNBC Locations: Everett , Washington, Seattle , Washington, AFP, underperformance, Everett , Washington , U.S, Seattle, Renton , Washington

☆ Sam's Club CEO wants you to feel like you're shopping in the future
▼ + stars: | 2024-10-21 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +8 min

Sam's Club CEO Chris Nicholas tells BI he wants shoppers to have all three. The Grapevine Sam's Club is literally bristling with tech, not just in the form of the hulking blue AI-powered gateways. Sam's Club has also been a test-bed for retail concepts that eventually find their way into Walmart's 4,600 US stores and beyond. He, too, previously served as Sam's Club CEO. "My hope is that Sam's Club, when you shop, feels like what it's like to shop in the future.

Persons: Chris Nicholas, Nicholas, —, Dominick Reuter, it's, Sol Price —, Sam Walton, Sam's, John Furner, Doug McMillon strolled, jogger sweatpants Organizations: Sam's, Service, Costco, Walmart, Shoppers, innovating, Grapevine Sam's, Business, Sam's Club Locations: Texas, Grapevine , Texas, Grapevine, Dallas, Walmart's

☆ Taylor Swift shook off publishers for her new book. That could spell trouble for the rest of the industry.
▼ + stars: | 2024-10-17 | by ( Samantha Grindell | Madeline Berg | ) www.businessinsider.com time to read: +11 min

Taylor Swift is self-publishing "The Eras Tour Book" and releasing it exclusively at Target. By excluding traditional publishers, Swift ensured she would get more of the book's revenue. With her latest announcement, the singer is back to her business-disrupting playbook with "Taylor Swift | The Eras Tour Book." AdvertisementIn what most closely resembles her book deal, Swift self-produced last year's "Taylor Swift: The Eras Tour" film. "Obviously, Taylor Swift is sort of a case under herself for this stuff in terms of just her reach," Hane said.

Persons: Taylor Swift, Swift, —, she's, it's, Clayton Durant, Simon &, Erik Hane, they're, It's, Ashok Kumar, Courtney Maum, Jessica Maddox, Gareth Cattermole, Maddox, Hane, Vittorio Zunino Celotto, Durant, vinyls, Taylor, John Shearer, Beyoncé, Paul Dergarabedian Organizations: Target, Service, Taylor Swift Publications, Nation School of Music, Sports, Entertainment, Simon & Schuster, Macmillan, HarperCollins, Hachette —, Literary, University of Alabama, Department, Universal Music, Big, Bloomberg, Poets Department, AMC, Mojo, Disney Locations: Long, Target, London, TikTok, Milan

☆ BMW CEO: A 2035 gasoline ban will hit the European car industry 'in its heart' and make it reliant on Chinese batteries
▼ + stars: | 2024-10-16 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

BMW CEO Oliver Zipse says a 2035 gasoline ban will hit the European auto industry. Zipse's warnings come amid fears in the auto industry of a Darwinistic price war with China. AdvertisementA "correction" of the planned 2035 gasoline vehicle ban, Zipse said, would help reduce European OEMs' reliance on China for batteries. This, Tavares said, is because automakers will have to continue to invest in both electric and gasoline vehicles, thus incurring higher costs. Mercedes-Benz CEO Ola Källenius told attendees at the Berlin Global Dialogue conference on October 2 that the Western auto industry is fighting a "Darwinistic-like price war" with their Chinese rivals.

Persons: Oliver Zipse, —, Zipse, weren't, Carlos Tavares, helms, Tavares, Ola Källenius, Källenius Organizations: BMW, Service, Union, Paris Automotive Summit, EU, Zipse, BMW didn't, Business Insider, Western, Chrysler, Fiat, Maserati, Peugeot, Financial Times, European Automobile Manufacturers ' Association, Benz, Berlin Global Locations: China, Europe

☆ Boeing factory strike crosses 1-month mark as pressure mounts on new CEO
▼ + stars: | 2024-10-14 | by ( Leslie Josephs | ) www.cnbc.com time to read: +6 min

There's no doubt about that," said Harry Katz, a professor who studies collective bargaining at Cornell University's School of Industrial and Labor Relations. Late Friday, Jon Holden, president of the striking workers' union, IAM District 751, pushed for a return to negotiations. However, unlike during the last Boeing factory strike in 2008, there is more contract work in the Seattle area to help workers fill the gaps. Slashing workforceA Boeing 737 MAX aircraft is assembled at the Boeing Renton Factory in Renton, Washington, on June 25, 2024. Boeing 737 fuselages on railcars at Spirit AeroSystems' factory in Wichita, Kansas, US, on Monday, July 1, 2024.

Persons: Stephen Brashear, It's, Boeing machinists, Kelly Ortberg, bookends, Max, wasn't, Harry Katz, Jon Holden, Ortberg, Jennifer Buchanan, hasn't, they're, Richard Aboulafia, Ron Epstein, Nick Oxford Organizations: Boeing, Getty, Cornell University's School of Industrial and Labor Relations, National Labor Relations Board, International Association of Machinists, Aerospace Workers, IAM, Boeing Renton Factory, AFP, of America, Bloomberg, & $ Locations: Renton , Washington, Seattle, Friday's, underperformance, Wichita , Kansas

☆ Adobe CEO Shantanu Narayen: We are innovating like no other large company
▼ + stars: | 2024-10-14 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Adobe CEO Shantanu Narayen: We are innovating like no other large companyAdobe Chair and CEO Shantanu Narayen joins 'Mad Money' host Jim Cramer to talk its latest AI offerings.

Persons: Shantanu Narayen, Jim Cramer Organizations: Adobe

☆ Writer CEO May Habib talks utilizing synthetic data to train AI models
▼ + stars: | 2024-10-11 | 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 EmailWriter CEO May Habib talks utilizing synthetic data to train AI modelsMay Habib, Writer CEO, joins 'Closing Bell Overtime' to talk the companies new AI model and how they are innovating AI training.

Persons: May Habib, Habib

☆ The Western auto industry is now locked in a 'Darwinian' make-or-break battle with China, the chiefs of 2 major automakers warn
▼ + stars: | 2024-10-07 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Mercedes-Benz CEO Ola Källenius says automakers need to hunker down if they want to beat the Chinese. Ford's CEO, meanwhile, called the Chinese auto industry an "existential threat" after a visit to the country in May. When it comes to competing in the EV market, Western automakers have been left playing a game of catch-up with the Chinese. Chinese automakers like BYD have been expanding into Southeast Asian countries like Thailand, as well as developing markets like Brazil and Mexico. The crippling trade restrictions effectively shut them out of the US auto market.

Persons: Ola Källenius, Källenius, —, Mercedes, isn't, Jim Farley, Farley wasn't, Farley, John Lawler, Lawler Organizations: Mercedes, Benz, Service, Ford, Berlin Global, EV, Källenius, Business Insider, Wall Street, Changan Automobile, Research, BI, European Union, Financial Times Locations: China, Thailand, Brazil, Mexico, Western

☆ These are the most important stocks in the U.S., according to Bank of America
▼ + stars: | 2024-10-04 | by ( Pia Singh | In | ) www.cnbc.com time to read: +3 min

There are several key stocks in the U.S. investors need to be mindful of when navigating the current market environment, according to Bank of America. To capture the momentum from this rally, Bank of America screened for the most important stocks in each region of the world — including the U.S. — that have the potential to have the largest impact on portfolio performance, positive or negative. Bank of America found these stocks to be among the most important in the U.S.: Chipmaker Nvidia and oil and gas giant Exxon Mobil ranked fairly high on the firm's steady compounders list within the screen. Meta's shares are up nearly 64% year to date. Other stocks considered the most important names in the U.S. include rideshare company Uber and pharma name Eli Lilly .

Persons: Nigel Tupper, Vivek Arya's, Metaverse, Justin Post, Eli Lilly Organizations: Bank of America, Investment, U.S, Nvidia, Exxon Mobil, Exxon, Meta, Bank of America's, Uber Locations: U.S, Lebanon, Thursday's

Analyst Jared Shaw raised his rating on the regional bank to overweight from equal weight and upped his price target by $4 to $14. Analyst Rob Dickerson downgraded the chocolate maker to underperform from hold and slashed his price target by $21 to $163. Analyst Lincoln Kong upgraded U.S.-listed shares to buy from neutral and raised his price target to $22.60 from $16.50. — Alex Harring 5:51 a.m.: BofA hikes Meta price target following Connect event Bank of America sees more room for Meta Platforms to run due to its artificial intelligence possibilities. Starbucks shares are flat year to date, but they have popped more than 20% over the past three months.

Persons: Bernstein, Jared Shaw, NYCB, Shaw, — Alex Harring, Sell Hershey, Jefferies, Rob Dickerson, Dickerson, flatlining, Hershey, Alex Harring, BofA, Ralph Lauren, Christopher Nardone, Justin Picicci, Corey Van der, Nardone, Picicci, Goldman, Bilibili Goldman Sachs, Lincoln, Kong, Bilibili, Justin Post, Post, Metaverse, Meta, Brian Niccol, Danilo Gargiulo, Gargiulo, Niccol, — Fred Imbert Organizations: CNBC, . Bank of America, Barclays, Bancorp New, Bancorp New York Community, Wall, Hershey, America's, Lincoln Kong, Bank of America, Facebook, Meta, Orion, Taco Bell Locations: Bancorp New York, Wednesday's, Thursday's premarket, Bilibili, U.S

☆ Nigerian company Autogirl wants to be the Airbnb of car rentals
▼ + stars: | 2024-09-25 | by ( Victoria Barauna | ) edition.cnn.com time to read: +6 min

In 2023, it announced it would be expanding to Kenya, with a rollout of 1.2 million electric vehicles. Around the world, transport startups are embracing electric vehicles, and those in Africa are no different. In 2023, it announced it would be expanding to Kenya, with a rollout of 1.2 million electric vehicles. Uncover , a Kenyan skincare brand, says it wants to fill this gap by providing healthy cosmetics that put African women first. ‘‘We want to be the Airbnb of vehicle rentals in Africa and ultimately the world,” Arinze says.

Persons: Chinazom Arinze, ” Arinze, “, Spiro, Clement Di Roma, Simon Maina, Prince William’s, James Oatway, there's, Edwin Maina, Arinze, …, Autogirl, hasn’t, she’s, ’, ‘, Airbnb, ” Organizations: CNN, Babcock University, Getty, Reeddi Technologies, The Royal Academy of Engineering, Kenyan, Hertz, Hyundai, Lexus Locations: Nigeria, Benin, Kenya, Africa, AFP, China, Cameroon, Rwanda, Ghana

☆ Nike's new CEO can't rest on retro styles and must innovate to turn the company around, analyst says
▼ + stars: | 2024-09-20 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +1 min

Nike is naming Elliott Hill, a company veteran of more than 30 years, as its new CEO. In the past few years, Nike relied too much on recycling old styles, an analyst told BI. Go to newsletter preferences Thanks for signing up! The company announced on Thursday that its CEO of four years, John Donahoe, will retire and be replaced by Elliott Hill, a company veteran of more than 30 years. Hill joined the company as an intern in 1988 and left in 2020 as the president of Nike's consumer and marketplace division.

Persons: Elliott Hill, —, John Donahoe, Hill Organizations: Nike, Service, Business

☆ Hollywood's secret weapon is an independent animation studio called Titmouse
▼ + stars: | 2024-09-14 | by ( Sarah Whitten | ) www.cnbc.com time to read: +5 min

Amazon Prime Video's "The Legend of Vox Machina" is one of the many shows using animation from independent studio Titmouse Animation. Amazon StudiosThere's a powerhouse in the entertainment industry that remains unknown to many casual cartoon viewers — it's called Titmouse Animation. Titmouse worked on Disney's "Star Wars Galaxy of Adventures," a series of animated shorts set in the Star Wars universe. "When we were looking at animation studios, Chris [Prynoski] made it really clear that Titmouse wanted to get into prime-time-style adult animation and that their No. Netflix's "Big Mouth" was produced through Titmouse's animation studio.

Persons: it's, haven't, you've, Chris Prynoski, doesn't, Titmouse, Prynoski, we've, Chris, Shannon Prynoski, Daria, Beavis, Ben Kalina, they've, Kalina, Andrew Goldberg Organizations: Amazon, Amazon Studios, Netflix, Paramount, Hollywood, Disney, Universal, MTV, Cartoon Network, MTV Animation, Wars Galaxy, Star Wars, Warner Bros

☆ The US Army is looking into artillery shells that fly farther after its new cannon projects flopped
▼ + stars: | 2024-09-10 | by ( Chris Panella | ) www.businessinsider.com time to read: +4 min

Read previewThe Army is on the lookout for new longer-range artillery shells after canceling some of its plans for new cannons. Army Secretary Christine Wormuth discussed plans at the 2024 Defense News Conference last week when she spoke on some of the potential follow-ups for longer-range artillery after the cancellation of its Extended Range Cannon Artillery program. "We still believe that we have a requirement for, you know, sort of an artillery system with that kind of range," Wormuth said. Advertisement"I think we may also be looking at sort of what we call, you know, 'innovating at the round,' looking at what can we do with the actual round to increase the range," Wormuth said recently. The Army is also still at work on ramjet-powered artillery shells, which have estimated ranges around 93 miles.

Persons: —, Christine Wormuth, Wormuth, Doug Bush, weren't, Lance Cpl, Matthew Bragg ERCA, Mark Esper, Diego Herrera Carcedo Organizations: Service, Cannon Artillery, Business, Army, US Marine Corps, US Army, Anadolu Agency, Getty Locations: China, Russia, Ukraine

☆ 3 ways Wall Street's largest banks are leveraging AI to increase profitability
▼ + stars: | 2024-09-07 | by ( Morgan Chittum | ) www.cnbc.com time to read: +8 min

Over the past year, Wall Street's largest names — including Goldman Sachs , Bank of America , Morgan Stanley , Wells Fargo to JPMorgan Chase — ramped up their generative artificial intelligence efforts with the aim of boosting profits. MS YTD mountain Morgan Stanley YTD AI use cases for key businesses Morgan Stanley was among the first on Wall Street to publicly embrace the technology, unveiling two AI assistants for financial advisors powered by OpenAI. Launched in September 2023, the AI @ Morgan Stanley Assistant gives advisors and their staff quick answers to questions regarding the market, investment recommendations, and various internal processes. If it does, that would be welcome news for shareholders after Morgan Stanley's wealth segment missed analysts' revenue expectations in the second quarter . However, As long as these costs don't outweigh return on investment (ROI), we're happy with Wells Fargo and Morgan Stanley's moves to innovate.

Persons: Goldman Sachs, Morgan Stanley, Wells, JPMorgan Chase — ramped, Jamie Dimon, Alexandra Mousavizadeh, OpenAI's ChatGPT, Jeff McMillan, Morgan, McMillan, It's, Morgan Stanley's, Evident's Mousavizadeh, Banks, Mousavizadeh, Tracy Kerrins, Morgan Stanley's McMillan, He's, Morgan Stanley's OpenAI, Teresa Heitsenrether, Jim Cramer's, Jim Cramer, Jim Organizations: Bank of America, JPMorgan, Citi, Microsoft, Nvidia, OpenAI, CNBC, Google, Deutsche Bank, BNP, Mistral, TD Bank Group, Big, Wall, New York Stock Exchange, Bloomberg, Getty Locations: Wells Fargo, Silicon, management's, Wells, New York

☆ A16z's Jennifer Li went from business school to computer science to the startup world. Here's how she parlayed that experience into AI investing.
▼ + stars: | 2024-08-20 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +7 min

Read previewJennifer Li didn't know from the get-go that she was interested in computer science and software engineering. AdvertisementIn school, Li made the unusual jump from business to computer science. Related storiesShe studied technology commercialization and management at Rensselaer Polytechnic Institute, a well-known science and engineering school in upstate New York, and later earned another master's degree at Carnegie Mellon University in computer science. Both of her parents are engineers, and Li said that she began exploring the world of computer science and engineering to satisfy a curiosity of how things are created. Computer science helped with that system of thinking."

Persons: —, Jennifer Li didn't, Andreessen Horowitz, Marc Andreessen, Ben Horowitz, Li, she's, Kleiner Perkins, Mamoon Hamid, Andy Chen, Asheem, chatted, we're, that's Organizations: Service, Business, Silicon Graphics, Shanghai University of Finance, Economics, Rensselaer Polytechnic Institute, Carnegie Mellon University, Cisco, Zoom, a16z Locations: a16z, China, New York, San Francisco, AppDynamics, Solvvy

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