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☆ Wall Street overlooks modest Nvidia guidance, lift price targets ahead of strong Blackwell ramp
▼ + stars: | 2024-11-21 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Investors shouldn't let a smaller-than-expected guidance beat overshadow tailwinds from Nvidia's looming Blackwell graphics processing unit rollout come January. Citi's Atif Malik lifted the firm's price target to $175 and opened a positive catalyst ahead of the consumer electronics show in January. Wells Fargo's Aaron Rakers moved to a $185 price target, reflecting 27% upside from Wednesday's close. Meanwhile, JPMorgan's Harlan Sur lifted his price target to $170 a share, saying that margins should improve toward the mid-70s range in the second half of 2025 as Nvidia streamlines costs. What's next for the stock Despite strong Blackwell expectations, some analysts warn of potential near-term volatility.

Persons: Wall, Blackwell, NVDA, Jefferies, Blayne Curtis, Citi's Atif Malik, Wells, Aaron Rakers, Bernstein's Stacy Rasgon, JPMorgan's Harlan Sur, What's, America's Vivek Arya, Tom O'Malley, Baruah, Cantor, C.J, Muse, Morgan Stanley, Joseph Moore Organizations: tailwinds, Blackwell, Nvidia, America's, Barclays Locations: Nvidia's

☆ The 'godfather' of driverless cars says Tesla has a major advantage in the self-driving race
▼ + stars: | 2024-10-15 | by ( Hugh Langley | ) www.businessinsider.com time to read: +7 min

Anthony Levandowski, who co-founded Google's Waymo, says Tesla has a huge advantage in data. Musk has promised self-driving Teslas for the better part of a decade. Likewise, Levandowski said he hoped for "a little more steak and less sizzle" on the substance of Tesla's self-driving technology. Related storiesYet perhaps few people understand the nitty-gritty of self-driving tech better than Levandowski. Uber's advantageWhile Tesla and Waymo compete for tech supremacy, Uber might be the frontrunner in the robotaxi race right now.

Persons: Anthony Levandowski, Google's Waymo, Tesla, Levandowski, —, Elon, that's, Musk, Uber, Donald Trump, That's, a16z, Waymo, Dmitri Dolgov, Ben Thompson, Thompson, Levandowki Organizations: Business, Google, Service, Wall Street, Wayve, General Motors Locations: Pronto

☆ Here are Friday's biggest analyst calls: Nvidia, Tesla, Ferrari, Meta, Amazon, Eli Lilly, Walmart, Uber & more
▼ + stars: | 2024-10-11 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Goldman Sachs reiterates Nvidia as buy Goldman raised its price target to $150 per share from $135 following a series of Nvidia management meetings. Morgan Stanley names Atlassian a top pick Morgan Stanley named Atlassian a top idea and says the software company is well positioned for share gains. Morgan Stanley reiterates Eli Lilly as overweight Morgan Stanley raised its price target on the stock to $1,158 per share from $1,106. JPMorgan reiterates Amazon, Uber and Meta as top picks JPMorgan said in a note on Friday that Amazon, Uber and Meta were the firm's top three picks heading into earnings. JPMorgan upgrades Ferrari to overweight from neutral The firm says it's more constructive on the luxury automaker following a series of management meetings.

Persons: Wells, Redburn, Mercado, Morgan Stanley downgrades Qorvo, Morgan Stanley, Goldman Sachs, Goldman, Jensen Huang, Colette Kress, Stewart Stecker, Atlassian, Eli Lilly, LLY, Mizuho downgrades Mobileye, Kinder Morgan, it's bullish, Benedetto Vigna, Investor Relations Aldo Benetti, Tesla, Guggenheim Organizations: Bank of America, Broadcom, TAM, UBS, Devices, Mercado Libre, Nvidia, Pharma, Mizuho, JPMorgan, Meta, of America, Ferrari, Investor Relations, Netflix, Guggenheim, Walmart Locations: America, OW, China

☆ Red Lobster is a mess. Here’s why the new 35-year-old CEO wanted the job anyway
▼ + stars: | 2024-10-04 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +10 min

Red Lobster's new chief executive Damola Adamolekun during an interview with CNN at a Red Lobster in Long Island, New York, last week. CNNIn Springfield, he first ate at a Red Lobster with his parents and two siblings after church one Sunday. Red Lobster was where he, like millions of Americans, experienced eating lobster and cracking crab legs for the first time. Beyoncé sang about taking a romantic partner to Red Lobster in her 2016 hit song “Formation.”After Red Lobster filed for bankruptcy, Flava Flav ordered the whole menu to try to save the company. Red Lobster closed more than 100 restaurants this year, including a location in Orlando, Florida, shown this year.

Persons: Damola Adamolekun, “, ” Adamolekun, It’s, ”, Adamolekun, Bill Darden, Mills, Chris Rock, Nicki Minaj, Beyoncé, Flav, “ Mr, ” —, Kevin Lamarque, Clarence Otis Jr, RJ Hottovy, Hottovy, Adamolekun’s, ” Hottovy, ’, Red, Phelan M, can’t, John Paulson, Paulson, P.F, Chang’s, Morgan McClure, Fortress, ” McClure, Brandon Bell, isn’t Organizations: New, New York CNN, CNN, Fortress Investment, Fortress, Red, Boomers, Darden, Thai Union Group, Former Red Lobster, Thai Union, As Thai Union, Thai, Brown University, Harvard Business School, Paulson & Co Locations: New York, Long, , New York, Nigeria, Zimbabwe, Netherlands, Springfield , Illinois, United States, Long Island , New York, Springfield, America, Alexandria , Virginia, Olive, Thai Union, Thai, Orlando , Florida, P.F, Chang’s, Columbia , Maryland, New York City, Scottsdale , Arizona, Austin , Texas

☆ High Credit Card Interest Rates Are Loading Americans With Debt
▼ + stars: | 2024-10-02 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +11 min

The average credit-card interest rate is now just over 21%, up from about 15% a decade ago. Additionally, as credit-card companies continue to charge high interest rates, more cardholders in debt become delinquent — and that could push the US economy closer to recession. Advertisement'The highest credit-card rates we've ever seen'Until 1978, most states had laws capping interest rates for credit cards and consumer products. Lowering the current high interest rates, and the profits that come with them, has become a priority across the aisle. Ted Rossman, a senior industry analyst at Bankrate, described the feedback loop of high prices and high interest rates as "a tough cycle to break."

Persons: Lana Linge, it's, Linge, isn't, Adam Rust, Bruce McClary, TransUnion, Austan Goolsbee, Rust, You've, you've, Antoinette Schoar, Schoar, David Silberman, GOP Sen, Josh Hawley, Hawley, Democratic Sen, Elizabeth Warren, Michele Raneri, Ranieri, Ted Rossman Organizations: Consumer Federation of America, Federal Reserve, National Foundation, Credit, Federal Reserve Bank of New, New York Fed, Federal Reserve Bank of Chicago, Louis Federal Reserve, Federal, Financial, MIT, Center for Responsible Lending, Lawmakers, GOP, Democratic, Reserve, TransUnion Locations: overspending, Federal Reserve Bank of New York, South Dakota, Delaware

☆ Why finding a job is so awful right now
▼ + stars: | 2024-09-15 | by ( Tim Paradis | ) www.businessinsider.com time to read: +9 min

I'm still unemployed," Jolles told Business Insider. AdvertisementIn any case, Jolles, who describes himself as an "older" tech worker, felt depleted by the job search in California. Averett believed the position wasn't a good fit for her, but she also knew from her experience in HR how tough a job search could be. As someone who works in HR, she gets what it's like to be inundated with applications from job seekers like her. Given how fruitless his job search has been, Cash plans to soon give it up.

Persons: —, David Jolles, I'm, Jolles, It's, Nick Bunker, Bunker, Jason Henninger, Heller, bupkis, Jenitta Averett, Averett, she's, — Averett, it's, Kevin Cash, he'd, Cash, Uber, he's, I've, Kevin Cash Ben Boxer Cash's Organizations: Service, Business, UPS, LinkedIn, Navy Locations: Silicon Valley, It's, Atlanta, America, Georgia, California, Covid, Hampton , Virginia, Portland , Oregon

☆ Pancakes, meet pandan. Asian American restaurants add their own spin to weekend brunch
▼ + stars: | 2024-09-06 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +7 min

Breaking Dawn was one of two places that opened in the San Francisco Bay Area last spring emphasizing brunch. Asian American restaurants in other cities have also found that sweet and savory spot between breakfast and lunch. Jessica Nguyen, 28, who was finishing brunch at Breaking Dawn, says she’ll almost always choose Asian brunch over regular eggs or waffles. Within the last few decades, Asian and Asian American cuisine has become more popular through media and savvy foodies. She doesn’t see other restaurants with Asian brunch as rivals.

Persons: Dawn, Liz Truong, Terry Tang, ”, Truong, Lerspreuk, Thanasit “ Toto ” Nanthasitsira, yum, “, Chef Francis Ang, buttered, Jessica Nguyen, she’ll, Nguyen, Martin Manalansan, ” Manalansan, “ It’s, There’s, Eric Silverstein, Silverstein, we’re, ” Silverstein Organizations: GATOS, FO, Breaking, San Francisco Bay Area, NBC Asian Locations: Calif, Bay, sunnyside, Los Gatos, San Francisco Bay, San Mateo, Thailand, Francisco’s, China , Hong Kong, Taiwan, Austin , Texas, Tokyo, Atlanta, NBC Asian America

☆ How startups can get in top shape for an IPO, according to Silicon Valley lawyer Louis Lehot
▼ + stars: | 2024-07-24 | by ( Alistair Barr | ) www.businessinsider.com time to read: +11 min

Louis Lehot, a Silicon Valley law-firm partner, specializes in taking companies from startup to IPO. The IPO market is expected to pick up later this year, so Business Insider emailed Silicon Valley lawyer Louis Lehot, a partner at Foley & Lardner, for advice on how startups should prepare for life as public companies. Are public market investors generally keen to invest in IPOs, or are they focused elsewhere? Public market investors are selective, focusing on established profitability and sustainable growth over speculative, high-growth stories. What are the key process changes companies need to make ahead of an IPO?

Persons: Louis Lehot, Lehot, —, Lardner, Collison Organizations: Service, Foley, Healthcare, Biotech, Green Energy, Enterprise, Street, Investor

☆ Democrats are ironically declaring their support for Kamala Harris on social media
▼ + stars: | 2024-07-03 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

Related storiesA CNN poll released on Tuesday also found that Harris performed better than Biden in a hypothetical match-up with Trump. Hillary must be so mad — Mr. Chau (@Srirachachau) July 2, 2024For some newly minted Harris supporters, the feeling is genuine. Among them is Chi Ossé, a New York City Councilor who's called on Biden to drop out and posted a sizzle reel of Harris with the caption "coconut tree summer" on Wednesday. AdvertisementIn fact, many of the X users who are tweeting their support for Harris aren't exactly the vice president's biggest fans. You think you just fell out of a coconut tree?'"

Persons: —, Kamala Harris, Joe Biden's, Biden, Harris, I’ve, — Carter Christensen, Jim Clyburn, Brandon, Kamala, Hillary, They've, Chi Ossé, who's, Harris aren't, They're Organizations: Service, Business, Democratic, Biden, CNN, Trump . Rep, South Carolina Democrat Locations: New York

☆ Elon Musk Lobbies on X for His $46.5 Billion Tesla Pay Package
▼ + stars: | 2024-05-31 | by ( Kate Conger | Jack Ewing | ) www.nytimes.com time to read: 1 min

Elon Musk, Tesla’s chief executive, offered a personal tour of the electric carmaker’s factory in Austin, Texas, to select shareholders this week. “Please let us know if you have any questions about voting your Tesla shares!” Mr. Musk wrote on X, the social media platform he owns. It was just one of at least a dozen posts that Mr. Musk has published on X in recent weeks as Tesla’s shareholders have been voting on a $46.5 billion pay package for him. To encourage approval of the package, Mr. Musk has shared on X a sizzle reel of Tesla’s vehicles speeding through deserts at dusk. And he has lashed out at investors who have said they will oppose his pay.

Persons: Elon Musk, “, Musk Locations: Austin , Texas

☆ There’s no way to be a perfect parent
▼ + stars: | 2024-05-13 | by ( Dr. Katie Hurley | ) edition.cnn.com time to read: +7 min

I was stuck in the revolving door of work and parenting, and nothing about my personal life was Instagram-worthy. Somewhere between 2006 and now, parenting became a crash course in achievement, with social media grading us at every turn. Children and parents alike have unknowingly entered a relentless pressure cooker under the constant spotlight of social media. These can result in a cycle of increased mental health issues for both the parent and the child. There are two social media tricks that can be life-changing for adults: Mute accounts (you’re the only one who will know!)

Persons: TikTok, ”, Jessica Lahey, Donald Winnicott, Winnicott, “, —, ” Lahey, Katie Hurley, Strong, Fiona McPhee Organizations: CNN, Facebook, Foods, Ohio State University College of Nursing, Netflix

☆ I love Quarter Pounders. But I don’t get why people enjoy chicken
▼ + stars: | 2024-05-04 | by ( Saira Mueller | ) edition.cnn.com time to read: +6 min

I’ve never really understood why people enjoy eating chicken. Like the frenzy of people crowding Chick-fil-A or Popeyes when a limited-edition chicken sandwich goes on sale, as if it were the latest iPhone release. Or the fact that there’s something called the “chicken sandwich wars,” which could return in 2024 — thanks in part to the recent limited release of two new McDonald’s crispy chicken sandwiches. Compared to the aroma of freshly baked bread or the sizzle of bacon — scents that beckon me closer — the fried chicken smell is like an unwelcome intrusion. Why exactly do you enjoy eating chicken?

Persons: CNN —, I’d, ”, Shannon Stapleton, chow, Homer Simpson, I’ve, Michael Nagle, ” I’m, I’m Organizations: CNN, Reuters, Bloomberg, Getty Locations: Louisiana, New York City, New York, South Africa

☆ 4 ingredients to level up your pasta recipes
▼ + stars: | 2024-05-03 | by ( Karla Walsh | ) edition.cnn.com time to read: +12 min

With “Anything’s Pastable: 81 Inventive Pasta Recipes for Saucy People,” “I hope that people realize that there’s so much more than they can and should be putting on pasta,” Pashman said. Substitute 3 tablespoons prepackaged toasted rice powder for the 1 teaspoon oil and ¼ cup rice and skip step 1. In a large heatproof bowl, combine the shallots, ¼ cup cilantro, ¼ cup mint, scallions, chili flakes and sugar. Heat the remaining ¼ cup oil in the reserved skillet over high heat until just starting to smoke. Recipe adapted from “Anything’s Pastable: 81 Inventive Pasta Recipes for Saucy People” by Dan Pashman.

Persons: Dan Pashman, ”, Pashman, “, Harper Collins, ” Pashman, Alla, they’re, Pepe Chili Crisp, He’s, e pepe, Gan Ma, Jing, Dan Liberti, Caesar, Skip, James Park, Chili Crisp, Dan Liberti Dan Pashman’s Larb, browning, Karla Walsh, William Morrow Organizations: CNN, ”, Saucy, Ritz Crackers, Ritz, Sporkful, HarperCollins Publishers Locations: Italy, African, America, Thai, Des Moines , Iowa

☆ AI is ushering edtech into a new era. Three investors share what they're most excited about in the space.
▼ + stars: | 2024-05-01 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +7 min

The past few years have been tough for edtech companies. In recent months, multiple edtech startups have raised fresh funding rounds while specifically touting AI as a core part of their business model. These deals could signal that AI is ushering in a new era for edtech companies, and VCs who invest in the space are excited about the renaissance. And Ednition, also one of Donnelly's portfolio companies, provides an infrastructure-as-a-service platform for other edtech companies to improve the data that goes into their AI models. That's why it's so important to invest in ed-tech AI startups that help people rethink how they interact with technology and learn new skills necessary to successfully enter the workforce, he said.

Persons: PitchBook, VCs, Brian Dixon, Dixon, we've, Numerade, Kapoor, Katelyn Donnelly, she's, I've, you'll, Donnelly, Avalance, OpenAI, we're, ChatGPT, Ryan Craig, Craig, edtech Organizations: Business, Labs, Kapor, Partners, Chingona Ventures, TechCrunch, Kapoor Capital, Lirvana Labs, Odyssey Education, University Ventures, ACT Locations: VCs, edtech

☆ Burger King invests another $300 million to remodel restaurants
▼ + stars: | 2024-04-30 | by ( Amelia Lucas | ) www.cnbc.com time to read: +2 min

The Burger King logo is displayed at a Burger King fast food restaurant on January 17, 2024 in Burbank, California. Burger King will invest another $300 million to remodel about 1,100 of its U.S. restaurants as part of a broader turnaround effort, the chain's parent company said Tuesday. About 100 Burger King locations have been remodeled and updated so far. Still, Burger King has had to chip in its own money to incentivize franchisees to remodel. Burger King will let operators choose how much of a discount they get on the royalties they pay to the company.

Persons: Burger, Tom Curtis, Curtis, Burger King Organizations: Burger King, U.S ., Carrols, Brands, Burger King U.S, CNBC, Restaurant Brands Locations: Burbank , California, Burger, U.S

☆ Dal Is the Ultimate Comfort Food
▼ + stars: | 2024-03-28 | by ( Priya Krishna | ) www.nytimes.com time to read: 1 min

One of my favorite Hindi terms is “ghar ka khaana.” It literally means “home food,” but it also encompasses the singular joy and unfussiness of meals made in your own kitchen — the dishes that remind you of childhood, the ones you won’t often find in restaurants. My quintessential ghar ka khaana? To make dal feels like an alchemical feat, watching the pebbly lentils turn creamy, starchy and golden with turmeric. I love the sizzle of the hot, spiced ghee when it is poured into the lentils, the way that dal envelops a bowl of rice like a hug. The first time I published my mother’s recipes for dal in my cookbook, “Indian-ish,” it felt as if I was letting people in on a secret — a solution to their weeknight dinner woes, courtesy of my ancestors.

Persons: Dal

☆ All the big Nvidia calls after AI conference: Goldman raises target to $1,000, JPMorgan sees 'dominance'
▼ + stars: | 2024-03-19 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

Goldman Sachs Goldman Sachs' Toshiya Hari joined a handful of analysts turning more bullish on the chipmaker following the keynote event, boosting the firm's price target to $1,000 from $875. Wells Fargo Wells Fargo analyst Aaron Rakers said Nvidia didn't shock investors with any unexpected updates, but he still raised his price target to $970 from $840. Sur retained his overweight rating and $850 price target. The analyst retained his $1,100 price target and buy rating, citing the company's ongoing leadership within the AI value chain. The analyst retained his outperform rating and $1,000 price target, calling the company's ongoing expansion beyond chips "unmatched."

Persons: Jensen, Blackwell, Hopper, Huang, Morgan Stanley, Joseph Moore, Goldman Sachs Goldman Sachs, Toshiya Hari, Hari, bode, Aaron Rakers, NVDA, Morgan Stanley Morgan Stanley's Joseph Moore, Moore, Harlan Sur, Sur, Bank of America's Vivek Arya, Bernstein, Bernstein's Stacy Rasgon, Taylor Swift Organizations: Nvidia, Wall, Blackwell, Micron Technology, JPMorgan, NVIDIA, Bank of America, Bank of America's, SAP Center Locations: 2H24, Wells Fargo Wells Fargo, San Jose

☆ AMC Theaters, Looking for Movies, Turns to Blumhouse
▼ + stars: | 2024-03-15 | by ( Brooks Barnes | ) www.nytimes.com time to read: +1 min

For five days starting on March 29, people who buy tickets to certain movies at certain AMC Theaters will see video messages starring … Jason Blum? It’s a long way from Nicole Kidman, whose breathy “We come to this place for magic” branding spot has become legend. But Mr. Blum, a horror film producer, has been working to build his entertainment company, Blumhouse, into more of a consumer-facing brand. AMC and Blumhouse, which has made more than 200 horror movies and shows, are teaming up for what they are calling the Halfway to Halloween Film Festival. Previously released Blumhouse horror movies, including “Split,” “Ouija: Origin of Evil,” “The Purge,” “The Invisible Man” and “Insidious,” which will have its 13th anniversary on April 1, will be on offer in 100 AMC theaters in 40 cities.

Persons: … Jason Blum, It’s, Nicole Kidman, Blum, ”, James Wan, Mike Flanagan Organizations: AMC, Marvel, ”

☆ Festival crowd boos at video of conference speakers gushing about how great AI is
▼ + stars: | 2024-03-14 | by ( Camilo Fonseca | ) www.businessinsider.com time to read: +4 min

Video emerged on social media of the audience loudly booing a conference sizzle reel that featured several industry leaders speaking positively about AI. The sizzle reel played before several film premieres at the festival, including "The Fall Guy" and "Immaculate," Variety reported. In a statement to BI, Carter said her SXSW panel on the future of AI was "a standout event." AdvertisementThe other panelists shown in the sizzle reel did not return requests for comment before publication. The growing impact of AI is a concern felt across the film industry.

Persons: —, Guy, Peter Deng, OpenAI, Sandy Carter, didn't, 46OXfiIk0r — Marcelo, Rony Abovitz, Magic, Abovitz, OpenAI's Peter Deng, Carter, Variety, Ashley Landis, Sora, Tyler Perry, Armour Organizations: Service, SXSW, Business, Sun Locations: South, Southwest

☆ Rivian pulled off a Steve Jobs moment with its surprise announcements
▼ + stars: | 2024-03-08 | by ( Camilo Fonseca | ) www.businessinsider.com time to read: +2 min

Rivian's "one more thing" was a nod to Steve Jobs' habit of teasing a last product reveal at events. Scaringe stunned his audience with the reveal of the R3 midsize crossover, catching the audience by surprise. That comment — and perhaps the whole surprise reveal — was a thinly veiled reference to Apple cofounder Steve Jobs' habit of making last-minute product announcements, introducing "one more thing" after seemingly finishing his keynote speech. AdvertisementBut the R3 wasn't the only surprise that Scaringe had up his sleeve, who added that "there's one more thing." The Rivian R3X performance variant Elliot Ross Studio, INCWith his double-surprise reveal, Scaringe seems to have taken Jobs' penchant for theatricality to heart.

Persons: RJ Scaringe, Steve Jobs, Scaringe, —, Rivian, Tim Cook's, Elliot Ross Organizations: Service, Apple, Apple Watch, Air, MacBook, Elliot Ross Studio, INC

☆ Mark Cuban says he's not voting for Donald Trump because he doesn't want 'a snake oil salesperson as President'
▼ + stars: | 2024-03-06 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

The billionaire said Trump "will tell you his snake oil will cure everything that ails you." I'm voting for Biden/Harris over Trump all day every day," Cuban told Axios on Tuesday. Cuban told Axios that when it came to Trump and Biden, it was a match-up between "the snake oil salesperson vs the incumbent, traditional politician." Musk mocked Cuban on Monday and said Cuban would vote for Biden even if the president "were a flesh-eating zombie." He can do what he wants," Cuban said when asked about the reported meeting between Musk and Trump.

Persons: Mark Cuban, Joe Biden, Donald Trump, Trump, Biden, Cuban, —, Harris, Axios, Joe Biden's, he'd, Cuban's Biden, Elon, Musk, didn't, Biden's, Tesla, I'm, Andrew Ross Sorkin Organizations: Service, Biden, Trump, Cuban, Bloomberg, Elon Musk, The New York Times DealBook Summit, The Times, Musk, GOP, Republicans Locations: Florida

☆ Why the hottest commodity of 2024 could be in for a rude awakening
▼ + stars: | 2024-03-01 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Cocoa prices rose to a red-hot sizzle this Valentine's Day — but they could soon be due for a reckoning, according to Citi. Cocoa futures finished 25.5% higher in February, cinching their biggest monthly gain since November 2001, when they rose 31.66%. Cocoa supply might increase on one side of the equation, but Doshi cautioned that demand might also be weighed down by consumption risks. Even against this backdrop, Doshi highlighted that it might take some time before cocoa prices completely retreat off their record highs. "Our base case remains that cocoa terminal prices will enter a bear market by end-2024, off a historically rich nominal price area."

Persons: Aakash, Doshi, haven't, Chocolate, Hershey, — CNBC's Michael Bloom, Gina Francolla Organizations: Citi, Wall Street, Nestle Locations: …

☆ How Google lost its way
▼ + stars: | 2024-02-29 | by ( Hugh Langley | Lara O'Reilly | ) www.businessinsider.com time to read: +17 min

Just two months after Google launched Gemini, its flashy new AI model, the company revealed that it had already built a better version. AdvertisementThen, days later, Google scrambled to explain why its image generation tool spit out racially inaccurate depictions of historical figures. Users have long bemoaned — and researchers recently found — a decline in the quality of Google Search results. The fact that Google is not far and away the self-driving-car leader, it's, like, a total joke," the former Google director said, adding that the problem of Google's lost supremacy is "maybe impossible to solve, frankly." Google now is reminiscent of the Steve Ballmer-era Microsoft, which missed the smartphone, search, and cloud waves and was overtaken by Apple, Google, and Amazon.

Persons: OpenAI, Sora, Sam Altman, Sundar Pichai's, Pichai, —, Larry Page, Sergey Brin, Lea Suzuki, Getty Brin, Page, Google, Googlers, Axel Springer, Diane von Furstenberg, Giovanni Giannoni, Michael Avrukin, Vuk Valcic, wouldn't, Patrick Mork, Eric Lehman, Lehman, ChatGPT, Caesar Sengupta, Sengupta, Alexa, Google's, Steve Ballmer, Satya Nadella, Hugh Langley, Lara O'Reilly Organizations: Google, Hollywood, Industry, San Francisco Chronicle, Business, Penske Media, Microsoft, Amazon, The New York Times, Oracle, YouTube, Apple, IBM, Meta Locations: Silicon Valley, Silicon, —

☆ Olive oil prices are skyrocketing. Here's how my startup is managing to keep costs low.
▼ + stars: | 2024-02-25 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

This as-told-to essay is based on a conversation with Andrew Benin, the cofounder of olive oil startup Graza. Putting out a high-quality olive oil is difficult for a young brand, but it's even harder now as prices hit record highs. Before I launched Graza in early 2022, we purchased nearly 50,000 liters of olive oil from Italy for about $3.10 a kilo. If you know a bit about olive oil production, you'll know that extra virgin olive oil is extremely inefficient to produce — that's one of the reasons it's more expensive. Law enforcement agencies have seized tens of thousands of gallons of olive oil and arrested suspects worldwide for fraud in the past several months.

Persons: Andrew Benin, we've Organizations: Business, Walmart, Target Locations: Italy, Spain, Greece, Graza, We're

☆ Instead of taking your job, AI might be more like the best intern ever
▼ + stars: | 2024-02-24 | by ( Tim Paradis | ) www.businessinsider.com time to read: +5 min

Many workers have expressed fears that the technology will show up at the office like a young gun coming for their job. Williams expects some of the biggest gains from AI won't center on what companies and workers are doing now. Instead, he sees major wins coming from what workers aren't doing but that AI could. Filling in when help is scarceOne reason jobs sometimes aren't getting done is because there aren't always enough workers. If AI could be deployed to help with this work, the time the task takes might get cut in half, Holding said.

Persons: Heather Holding's, she'd, couldn't, let's, Ron Williams, Williams, that's, Jérôme Pesenti, Pesenti Organizations: AIs, Facebook

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