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☆ Reddit pops 48% in NYSE debut after selling shares at top of range
▼ + stars: | 2024-03-21 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +5 min

Reddit shares jumped 48% in their debut on Thursday in the first initial public offering for a major social media company since Pinterest hit the market in 2019. Reddit and selling shareholders raised about $750 million from the offering, with the company collecting about $519 million. This year, Reddit said it plans to recognize roughly $66.4 million in revenue as part of its data licensing deals. Google has also entered into an expanded partnership with Reddit, allowing the search giant to obtain more access to Reddit data to train AI models and improve its products. "I hope they believe in Reddit and support Reddit," Huffman told CNBC in an interview on Thursday.

Persons: Steve Huffman, Lynn Martin, Reddit, Pinterest, Klaviyo, Pinterest's, it's, Alexis Ohanian, Huffman, Redditors, Sam Altman, Condé Nast, Altman's, Altman Organizations: New York Stock Exchange, Astera Labs, Nasdaq, Meta, Google, Reddit, Federal Trade Commission, FTC, Companies, CNBC, GameStop, Tencent, Advance Magazine Publishers Locations: New York, It's, Reddit

☆ House passes bill to bar data brokers from selling sensitive personal information to U.S. adversaries
▼ + stars: | 2024-03-20 | by ( Chelsey Cox | ) www.cnbc.com time to read: +2 min

Representative Cathy McMorris Rodgers (R-WA), chair of the House Energy and Commerce Committee speaks during the hearing with TikTok CEO Shou Zi Chew before the House Energy and Commerce Committee in the Rayburn House Office Building on Capitol Hill on March 23, 2023 in Washington, DC. Rodgers and Pallone, the respective chair and ranking member of the Energy and Commerce Committee, introduced the bill to prohibit data brokers from selling sensitive data to certain countries in March. The strong showing "should help build momentum to get this important bipartisan legislation, as well as more comprehensive privacy legislation, signed into law this Congress," the lawmakers said. The bill bans organizations that profit from selling personal data, known as data brokers, from making data accessible to a foreign adversary country or entities controlled by adversaries. The legislation follows earlier efforts by the Biden administration to hold data brokers who sell highly sensitive information more accountable by bolstering the Fair Credit Reporting Act.

Persons: Cathy McMorris Rodgers, Shou Zi Chew, Frank Pallone, Rodgers, Pallone, Biden Organizations: House Energy, Commerce, WASHINGTON, Wednesday, Energy, Federal Trade Commission Locations: Rayburn, Washington , DC, United States, China, Iran, North Korea, Cuba, Russia, Venezuela, American, TikTok, U.S

☆ People are using AI to talk to dead celebrities like Marilyn Monroe. Not everyone is excited about it.
▼ + stars: | 2024-03-17 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +5 min

South By Southwest attendees got to speak with a Marilyn Monroe AI chatbot. But critics say celebrities who can't consent should not be used in AI recreations. Meta CEO Mark Zuckerberg said previously that he thinks AI celebrities will become popular. AdvertisementLast year, Robin Williams's daughter, Zelda, said that she found AI recreations of her father's voice to be "personally disturbing." AdvertisementSoul Machines partnered with Authentic Brands Group — which acquired the rights to Marilyn Monroe's intellectual property in 2018 — to create the AI Marilyn, according to Deadline.

Persons: Marilyn Monroe, —, Kim Kardashian, Mark Zuckerberg, Meta, Tom Brady, Kendall Jenner, Naomi Osaka, Chris Paul, Charli D'Amelio, Israel Adesanya, Roy Choi, Dwayne Wade, Zuckerberg, Marilyn, Marilyn chatbot, Maureen Lee Lenker, Robin Williams's, Zelda, Williams, Marva Bailer, Bailer, Marilyn Monroe's, Elvis Presley, Muhammad Ali, Shaquille O'Neal, David Beckham Organizations: Southwest, Service, Kanye West, SXSW, Federal Trade Commission, Machine, Machines, Fox News, Authentic, Brands, Fox Locations: United States

☆ What is shrinkflation? Here’s why consumers may be getting less for their money
▼ + stars: | 2024-03-17 | by ( Lorie Konish | ) www.cnbc.com time to read: +5 min

Pixelseffect | E+ | Getty ImagesSome grocery store products are providing less for your money. At the State of the Union, he again took a stand against shrinkflation, complaining that Snickers bars have become smaller. on X earlier this month, the White House responded, "C is for consumers getting ripped off." Where consumers may see shrinkflationFor now, it's up to consumers to spot the changes companies may make to their products. Why critics say shrinkflation is the wrong focusWhile shrinkflation is now under the political spotlight, not all experts agree the emphasis is correctly placed.

Persons: Joe Biden, Cookie, Biden, hasn't, Cookie Monster, Mara Weinraub, Weinraub, Shrinkflation, shrinkflation, Veronique de Rugy, de Rugy, David Doyle, Justin Sullivan Organizations: State, Union, shrinkflation, White, Federal Trade Commission, FTC, of Labor, Finance, Social, Federal, Labor Statistics, of Labor Statistics, George Mason University, Costco, Getty Locations: U.S, California, Macquarie, Novato , California

☆ Reddit discloses FTC probe into its AI content licensing practices
▼ + stars: | 2024-03-15 | by ( Brian Fung | ) edition.cnn.com time to read: +1 min

Washington CNN —The Federal Trade Commission is looking into Reddit’s plans to license its platform content to artificial intelligence companies, the social media company disclosed Friday in a securities filing. The FTC sent Reddit a letter on Thursday outlining the scope of the inquiry, Reddit said in the filing. “The FTC’s staff is conducting a non-public inquiry focused on our sale, licensing, or sharing of user-generated content with third parties to train AI models,” Reddit disclosed. The company has entered into an agreement to share its platform data with Google in order to train the tech giant’s AI models. Reddit said earlier this week that it expects to price shares between $31 and $34 each when it makes its IPO offering.

Persons: Reddit, ” Reddit, “ Organizations: Washington CNN, Federal Trade Commission, FTC, Google

SAN FRANCISCO (AP) — Reddit said Friday that the Federal Trade Commission has opened an inquiry into the social media platform’s sale, licensing or sharing of its users' posts and other content to outside organizations for use in training artificial intelligence models. The company disclosed the inquiry Friday in a filing with the Securities and Exchange Commission that cited a letter from the FTC dated Thursday. That arrangement will also give Reddit access to Google AI models for improving its internal site search and other features. Reddit declined to comment or answer questions beyond a written statement about the deal. Friday's disclosure comes as Reddit prepares to sell shares to the public for the first time.

Persons: — Reddit, “, ” Reddit, Reddit Organizations: FRANCISCO, Federal Trade Commission, Securities and Exchange Commission, FTC, Google Locations: San Francisco

☆ 1,000 dollar stores are closing. These cities have revolted against them for years
▼ + stars: | 2024-03-15 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +8 min

But critics of Family Dollar and other dollar store chains’ business practices like Hall-Harper say the closures highlight the risks of communities relying too heavily on dollar store chains. Hall-Harper has led Tulsa’s effort to restrict the growth of the three major dollar store chains — Family Dollar, Dollar Tree and Dollar General — in the predominately Black area of North Tulsa. Dollar General said it regularly hears from communities and customers asking it to bring a Dollar General store to their hometown. Backlash to dollar storesDollar General, Dollar Tree and Family Dollar have spread rapidly since the Great Recession, opening more than 15,000 small stores. US regulators reached a settlement last year with Dollar Tree over hazardous conditions in Dollar Tree and Family Dollar stores.

Persons: Vanessa Hall, Harper, “ I’ve, —, ”, Dollar, Critics, Blaine Griffin, Meijer, Stacy Mitchell, ” Mitchell Organizations: New, New York CNN, CNN, Dollar, Tulsa, Institute of Local, Chicago City, University of Toronto, UCLA, United States, Local, Research, University of Georgia, Cleveland City, Walmart, Target, Agriculture Department, Institute for Local, Federal Trade Commission, FTC, Kroger, Albertsons Locations: New York, Tulsa , Oklahoma, North Tulsa, Tulsa, Tulsa ; Cleveland ; New Orleans, Birmingham , Alabama, Fort Worth , Texas, Akron , Ohio, United, Cleveland, Chicago, Baltimore

☆ Here's why we're buying more of this healthcare stock after its Friday sell-off
▼ + stars: | 2024-03-15 | by ( Zev Fima | ) www.cnbc.com time to read: +2 min

We are taking advantage of Friday's sell-off in Abbott — shares are down more than 4% in morning trading — to increase our exposure to the medical device maker. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer's, Abbott —, Abbott, it's, ABT, Jim Cramer, Jim Organizations: Abbott Laboratories, ABT, Abbott, Federal Trade Commission, U.S . Department of Agriculture, Food and Drug Administration, FDA, CNBC

☆ FTC conducting inquiry into Reddit's AI data-licensing practices ahead of IPO
▼ + stars: | 2024-03-15 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +4 min

Reddit said Friday that the Federal Trade Commission sent a letter to the company about its data-licensing business related to the training of artificial intelligence systems. "On March 14, 2024, we received a letter from the FTC advising us that the FTC's staff is conducting a non-public inquiry focused on our sale, licensing, or sharing of user-generated content with third parties to train AI models," Reddit said in an updated IPO prospectus. Reddit filed for an IPO in February, and plans to trade on the New York Stock Exchange under the ticker symbol "RDDT." Reddit said "the opportunity does not conflict with our values and the rights of our Redditors," referring to its users and forum moderators. "We do not believe that we have engaged in any unfair or deceptive trade practice," Reddit said.

Persons: Reddit, hasn't Organizations: Federal Trade Commission, New York Stock Exchange, FTC, Google Locations: Klaviyo

☆ Over 27,000 student-loan borrowers are getting $4.1 million in payments in the mail after debt relief companies 'lured' them into 'fake loan forgiveness claims,' a federal consumer agency says
▼ + stars: | 2024-03-14 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

Read previewThousands of student-loan borrowers are getting checks in the mail after paying companies accused of scamming them for debt relief services. The Federal Trade Commission on Wednesday announced it would be sending over $4.1 million in refunds to 27,584 borrowers who gave money to South Dakota corporations Mission Hills Federal and Federal Direct Group. According to the press release, the FTC said the companies "lured consumers with fake loan forgiveness claims and pocketed their money." Advertisement"Moreover, because Defendants have failed to apply most or any of consumers' payments to their student loans, many consumers have accrued additional capitalized interest on the balance of their loans," the complaint said. Those with questions about the payments can contact JND Legal Administration — the company overseeing FTC's refunds — at 844-566-0108, or seek information through the FTC's refund information website.

Persons: — Organizations: Service, Federal Trade Commission, Wednesday, Mission Hills Federal, Federal Direct Group, Business, FTC, Court, Central, Central District of, —, Consumer Financial, Education Department Locations: South Dakota, Central District, Central District of California, California, reportfraud.ftc.gov

☆ Fed-up 23andMe users lash out at the company, accusing it of scamming them into auto-renewal
▼ + stars: | 2024-03-13 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +3 min

Read previewIf you think you've been charged for a 23andMe subscription renewal even though you know you cancelled it, you're in good company. The Federal Trade Commission released over a hundred complaints that 23andMe users had submitted since the beginning of 2023, after Gizmodo submitted a FOIA request for the documents. In many of those complaints, some of which Gizmodo published, users detailed renewal practices that they considered dubious and unethical. I turned off the auto-renewal, which this company does not make easy to do and does not send a confirmation about. A spokesperson for 23andMe told Gizmodo that the company does send a notification to customers 30 days before their subscription is set to renew.

Persons: —, you've, Gizmodo, 23andMe, Reddit Organizations: Service, Fed, Business, Federal Trade Commission, 23andMe

☆ FTC to send $4.1 million to over 27,000 borrowers defrauded by student loan forgiveness scams
▼ + stars: | 2024-03-13 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +2 min

The Federal Trade Commission announced on Wednesday it is refunding $4.1 million to 27,584 consumers who fell victim to student debt forgiveness scams. Fraudsters "tricked students into paying hundreds to thousands of dollars in illegal upfront fees and pretended to lower consumers' monthly student loan payments," the FTC said in a press release. Additionally, the operators claimed to take over the servicing of consumers' loans and thus, often pocketed consumers' monthly payments, the agency said. Scammers lure student loan borrowers by offering ways to lower their monthly payments or even eliminate their balances. Use these tips to avoid losing money to a student loan scammer.

Persons: Fraudsters, it's, scammer Organizations: Federal Trade Commission, Mission Hills Federal, Federal Direct Group, Data Initiative, FTC, Department of Justice

☆ Premarket stocks: Congress has bad news for Wall Street
▼ + stars: | 2024-03-13 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

New York CNN —Dealmaking is the lifeblood of Wall Street. But analysts say that funding cuts in the plan could end up harming mergers and acquisitions on Wall Street, squashing hopes of a recovery in dealmaking. The bad news: Recent regulations and proposed budget cuts threaten to step on those green shoots before they’re able to flower. Why it matters: Dealmaking isn’t just good for Wall Street. Shares of the stock are down nearly 30% so far this year after its seemingly nonstop streak of bad luck.

Persons: New York CNN — Dealmaking, Joe Biden, squashing, It’s, Goldman Sachs, ”, Lucille Jones, Jones, Mitch Berlin, Biden, ’, ” Berlin, That’s, Hewlett Packard, “, TikTok —, Brian Fung, TikTok, Shou Chew, Nadya Okamoto, Okamoto, Teddy Siegel, Siegel, David Goldman, LATAM, it’s, Max Organizations: CNN Business, Bell, New York CNN, Wall, LSEG, Federal Reserve, Federal Trade Commission, Department of Justice, Congressional, Office, CNN, Discover Financial Services, Hewlett, Juniper Networks, Target, Boeing, Alaska Airlines, United Airlines, The National Transportation Safety, Federal Aviation Administration, FAA, NTSB Locations: New York, dealmaking, EY, Berlin, “, LSEG, Australia, New Zealand, Newark

☆ Exclusive: Ex-Truepill CEO just scored $6 million to help health plans and pharma companies ditch middlemen and work closely with patients
▼ + stars: | 2024-03-11 | by ( ) www.businessinsider.com time to read: +5 min

He's launched a new company, Foundation Health, to help them do that quickly and at a low cost. Foundation aims to make it easy for insurers to set up their own online pharmacies and pharma companies to sell drugs directly to consumers. "The main focus area for us is to help health plans disintermediate PBMs," Afridi said. Foundation Health wants to help customers ditch big PBMsFoundation's software enables a few different things. Finally, direct-to-consumer health companies can plug into Foundation's technology to power their services, instead of building their own pharmacies and hiring doctors.

Persons: Umar Afridi, disruptors, Afridi, He's, disintermediate, Garry Tan, Y, they've, pocketing, Eli Lilly's, Jack Altman Organizations: California, Cuban, Plus, Business, Foundation Health, Foundation, pharma, Alt, Liquid Ventures, Exceptional, Storm Ventures, PageOne Ventures, Federal Trade Commission Locations: drugmakers

☆ The market's version of a 'quickie' divorce is getting more complex and costly
▼ + stars: | 2024-03-09 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +3 min

One time-honored corporate M&A prenup strategy, which could become more important going forward, is the use of break-up fees, also known as termination fees. In addition to reverse termination fees, companies are also allowing for longer timelines and more extensions than they were a few years ago, Thomas said. Not all deals include break-up fees for regulatory failures. Meanwhile, Visa's deal for Plaid was scuttled in 2021 due to regulatory snares, with neither of the companies owing break-up fees. A 2022 study by investment bank Houlihan Lokey shows that 57.1% of the 140 transactions reviewed had reverse breakup fees, with median fees of 4.2% as a percentage of transaction value.

Persons: Thomas, Houlihan Lokey, Pitchbook Organizations: Crowell, Moring, Discover Financial, Plaid, Regulators, Federal Trade Commission, Department

☆ Microsoft begins blocking some terms that caused its AI tool to create violent, sexual images
▼ + stars: | 2024-03-08 | by ( Hayden Field | ) www.cnbc.com time to read: +4 min

The AI tool now also blocks requests to generate images of teenagers or kids playing assassins with assault rifles — a marked change from earlier this week — stating, "I'm sorry but I cannot generate such an image. There is also a warning about multiple policy violations leading to suspension from the tool, which CNBC had not encountered before Friday. Microsoft has started to make changes to its Copilot artificial intelligence tool after a staff AI engineer wrote to the Federal Trade Commission Wednesday regarding his concerns about Copilot's image-generation AI. Shane Jones, the AI engineering lead at Microsoft who initially raised concerns about the AI, has spent months testing Copilot Designer, the AI image generator that Microsoft debuted in March 2023, powered by OpenAI's technology. All of those scenes, generated in the past three months, were recreated by CNBC this week using the Copilot tool, originally called Bing Image Creator.

Persons: Shane Jones, OpenAI's DALL, Jones, lacy, Elsa, Lina Khan Organizations: CNBC, Microsoft, Federal Trade, Disney, Palestinian, Israeli Defense Forces, Commerce, Science, Transportation, FTC Locations: Gaza

☆ Election trading playbook: Watch these stocks as Trump secures Republican nomination
▼ + stars: | 2024-03-07 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

Despite Trump facing legal issues on multiple fronts, including a federal indictment that alleges he illegally conspired to discount votes in the 2020 election, he appears to be cruising to the Republican nomination once again. Raymond James was listed by Goldman and in Barclays' Trump stock basket, according to the Jan. 30 note. A Trump term could benefit energy giants such as Chevron , but also smaller players such as Devon Energy or coal companies such as Peabody Energy , according to Goldman. Another group of industrial companies could get a piece of government spending from expansion of the Mexico border wall under a second Trump administration. Caterpillar was one of the companies involved previously, according to Goldman.

Persons: Donald Trump, Nikki Haley, Trump, Goldman Sachs, Jan Hatzius, Venu Krishna, Goldman, Wells, Piper Sandler, Raymond James Organizations: Trump, Republican, Barclays, Federal Trade Commission, Boston, Vertex Pharmaceuticals, Energy, Republicans, Chevron, Devon Energy, Peabody Energy, Steel Dynamics, Broadcom, Caterpillar Locations: China, Cleveland, Mexico

The tool is derived from another AI image-generator, DALL-E 3, made by Microsoft's close business partner OpenAI. His letter to Microsoft urges the company to take it off the market until it is safer. “Many of the issues with Copilot Designer are already addressed with ChatGPT's own safeguards,” he said via text. A number of impressive AI image-generators first came on the scene in 2022, including the second generation of OpenAI's DALL-E 2. Google has temporarily suspended its Gemini chatbot's ability to generate images of people following outrage over how it was depicting race and ethnicity, such as by putting people of color in Nazi-era military uniforms.

Persons: Shane Jones, Jones, Microsoft's, OpenAI, ”, Lina Khan, “, OpenAI's DALL, ChatGPT — Organizations: Microsoft, Associated Press, U.S, Senate, Federal Trade Commission, CNBC, Senate's, Google Locations: “, Washington

☆ Microsoft engineer sounds alarm on company's AI image generator in letter to FTC
▼ + stars: | 2024-03-06 | by ( Aaron Mok | ) www.businessinsider.com time to read: +5 min

AdvertisementJones claimed in the letter that Microsoft's AI image generator can add "harmful content" to images that can be created using "benign" prompts. Jones, Microsoft, and the FTC didn't immediately respond to Business Insider's request for comment before publication. AdvertisementThis isn't the first time Shane publicly vocalized his concerns about Microsoft's AI image generator. Microsoft isn't the only major tech company that's been slammed for its AI image generator. "In a competitive race to be the most trustworthy AI company, Microsoft needs to lead, not follow or fall behind," he wrote.

Persons: —, Shane Jones, Jones, Vader, FTC didn't, Shane, OpenAI's ChatGPT, Demis Organizations: Service, Microsoft, Federal Trade Commission, Copilot, Business, LinkedIn, Star, CNBC, FTC, Google, Gemini

☆ Biden to launch joint FTC-DOJ task force to crack down on 'unfair and illegal pricing'
▼ + stars: | 2024-03-05 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

Federal Trade Commission Chair Lina Khan testifies before a House Judiciary Committee hearing on Oversight of the Federal Trade Commission, on Capitol Hill in Washington, D.C., July 13, 2023. Kevin Wurm | ReutersPresident Joe Biden on Tuesday will launch a new task force to take on "unfair and illegal" corporate pricing, which Biden sees as a major reason why consumers are not yet feeling the impact of cooling inflation rates and a strong economy. The task force will be jointly led by the Federal Trade Commission and the Department of Justice, two agencies at the forefront of the Biden administration's aggressive regulatory agenda over the past three years. The announcements and the meeting are part of Biden's ongoing crusade against corporate pricing practices that he claims are unfair. Lael Brainard, vice chair of the US Federal Reserve, speaks during an interview in Washington, DC, on Monday, Nov. 14, 2022.

Persons: Lina Khan, Kevin Wurm, Joe Biden, Biden, Antitrust Jonathan Kanter, Khan, Kanter, Jonathan Kanter, Kevin Dietsch, Lael Brainard, inhalers, Brainard, Andrew Harrer Organizations: Federal Trade, Federal Trade Commission, Capitol, Washington , D.C, Department of Justice, Biden, Force, Antitrust, Justice Department, White, Competition Council, Economic, Consumer Financial, Agriculture Department, US Federal Reserve, Bloomberg, Getty Locations: Washington ,, Washington , DC, U.S

☆ Jim Cramer: Why a successful Reddit IPO would be bad news for this bull market
▼ + stars: | 2024-03-03 | by ( Jim Cramer | ) www.cnbc.com time to read: +14 min

There's nothing like a moribund IPO market to create a pleasant backdrop for a bull run. Hot on the heels of the Reddit deal is the expiration of the IPO lockup period for Arm Holdings on March 12. I thought it might occur after the successful Arm deal, but like so many nascent attempts to revive the IPO market there was nothing worth following up with until the Reddit deal. This brings me back to the IPO market. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: We've, It's, Reddit, Sam Altman, Conde Nast, Rene Haas, Steve Huffman, Reddit's, —, isn't, Morgan Stanley, Goldman Sachs, Uber, Jim Cramer's, Jim Cramer, Jim, Mateusz Slodkowski Organizations: Advance Magazine Publishers, Arm Holdings, Company, Nvidia, Employees, GameStop, Supply, Amazon, Walmart, Securities and Exchange Commission, Investors, Fidelity, ICE, Costco, Rite Aid, Tech, Microsoft, Meta, Federal Trade Commission, White House, Jim Cramer's Charitable, CNBC, Getty Locations: British, TheStreet.com, Reddit, POLAND

☆ OpenAI rival Cohere says some AI startups build Bugatti sports cars, 'We make F-150s'
▼ + stars: | 2024-03-01 | by ( Hayden Field | ) www.cnbc.com time to read: +5 min

"We don't comment on rumors," Kon told CNBC. Although Cohere is often mentioned alongside AI heavyweights like OpenAI, Anthropic, Google and Microsoft , the startup's focus on enterprise-only chatbots has set it apart. In November, Cohere told CNBC it saw an uptick in customer interest after OpenAI's sudden and temporary ouster of CEO Sam Altman. Cohere's relationships with strategic investors are another area where it differs from generative AI competitors, Kon said. Search, Kon said, is a key piece of generative AI that's getting less attention than other areas.

Persons: Martin Kon, Kon, OpenAI, Cohere, It's, Anthropic, Claude chatbot, who's, Sam Altman, it's, Nvidia –, Lina Khan, That's Organizations: Bugatti, CNBC, Google, Nvidia, Cohere, Salesforce, Oracle, Company, White, Microsoft, Enterprise, Federal Trade Commission Locations: Cohere's

☆ Cramer's week ahead: Watch for earnings from Target, CrowdStrike, Kroger and more
▼ + stars: | 2024-03-01 | by ( Julie Coleman | ) www.cnbc.com time to read: +3 min

CNBC's Jim Cramer on Friday told investors what to look for next week on Wall Street, including earnings from retailers like Target . Tuesday brings earnings from Target and Cramer said he's optimistic about the big-box retailer's performance. On Thursday, Cramer will be paying attention to earnings from grocers Kroger and Costco , as well as Marvell Technology . Friday brings February's unemployment report. If there's a slight boost in unemployment while wages stay steady, Cramer said he thinks investors won't have to fight the Fed.

Persons: CNBC's Jim Cramer, Cramer, Forget, he'll, it's, George Kurtz, Campbell Soup, Kroger's, he's Organizations: Federal Reserve, Palo Alto Networks, Abercrombie, Fitch, Kroger, Costco, Marvell Technology, Federal Trade Commission, Albertsons

☆ OpenAI's legal headaches are adding up
▼ + stars: | 2024-03-01 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +3 min

Even as it promises to disrupt the economy, OpenAI's legal headaches are adding up. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementOn Wednesday, The Wall Street Journal reported that the Securities and Exchange Commission was investigating whether OpenAI misled investors. AdvertisementIn December, The New York Times filed a suit against OpenAI and Microsoft, alleging Times articles had been used to train chatbots. In July, the FTC also began investigating OpenAI over data and privacy concerns to determine whether the company was in violation of consumer-protection laws.

Persons: Elon Musk, OpenAI, —, Tesla, Musk, Sam Altman, Jonathan Franzen, John Grisham, George R.R, Martin, That's, Sora, Axel Springer Organizations: SEC, Service, Microsoft, Street Journal, Securities and Exchange Commission, The New York Times, OpenAI, Times, Federal Trade Commission, FTC, Google, Business Locations: OpenAI

☆ Kroger, Albertsons and the New Antitrust Playbook - The New York Times
▼ + stars: | 2024-02-28 | by ( Peter Coy | ) www.nytimes.com time to read: +1 min

“The proposed acquisition is by far the largest supermarket merger in U.S. history,” one that would unite “the No. 2 traditional supermarket chains in the United States,” it says in its complaint. is correct on the numbers, but the key word is “traditional.” Traditional supermarket chains no longer dominate the grocery business. Kroger is a distant second to Walmart, with a 10 percent market share, and Albertsons is fourth (behind Costco Wholesale), with 6 percent. So even if Kroger and Albertsons merged, they would be only a little more than half of Walmart’s size.

Organizations: Kroger Co, Albertsons Companies Inc, titans, Federal Trade Commission, Albertsons, Walmart, Sam’s Club, Solomon Partners, Kroger, Costco Wholesale Locations: United States

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