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Vermillio has created a platform, Trace ID, that could insulate WME clients from thefts of their likeness and intellectual property by using A.I. The partnership will also look for ways to use the technology to allow clients to monetize their likeness and image themselves. Even after a deal with SAG-AFTRA, the actors’ union, was ratified, some performers remained dissatisfied with the A.I. The contract, for instance, does not prohibit studios from populating screens with “synthetic fakes,” which can be created through A.I. A.I.-generated images also proliferate online, like the fake, sexually explicit images of Taylor Swift that appeared online last week.
Persons: WME, Vermillio, A.I, Taylor Swift Organizations: SAG
Fotostorm | E+ | Getty ImagesMillions of American workers are paying for early access to their paychecks. So-called "earned wage access" programs, which operate either directly to the consumer or through employers, let workers tap a portion of their wages before payday, often for a fee. Earned wage access has gotten more popularEarned wage access goes by various names: daily pay, instant pay, accrued wage access, same-day pay and on-demand pay, for example. "It's another version of payday loans," Monica Burks, policy counsel at the Center for Responsible Lending, a consumer advocacy group, said of earned wage access. However, a recent study by the U.S. Government Accountability Office found that earned wage access products "generally cost less than typical costs associated with payday loans."
Persons: it's, Marshall Lux, Lux, hasn't, Cherie Chung, EarnIn, MoneyLion, Monica Burks, , Thad Peterson, There's, EWA, Peterson, Harvard's, we're, Stacy Greiner, Dave, Ben LaRocco, Miranda Margowsky, Margowsky, Atif Siddiqi, Siddiqi, Safwan Shah, Shah, doesn't, Harvard's Chung Organizations: Harvard University, Finance, Harvard Kennedy School, Lux, Harvard, Hilton, Uber, Walmart, Companies, Center for, California Department of Financial Protection, Center for Responsible, U.S, Government, Office, GAO, Datos, Commerce, Economic, Financial Technology Association Locations: Kroger, McDonald's, California, Vermont
All three major averages posted gains for the third consecutive week, lifted by solid quarterly earnings and positive economic data. Earnings season ramps up next week, with five of the Super Six mega-cap stocks delivering results. Employment numbers are the most important economic data, with Friday's January nonfarm payrolls report carrying the most weight. The January ISM Manufacturing report on Thursday and December's factory orders report Friday are expected to show the sector still in contraction mode. But earnings and commentary this week from peer Sartorious made us encouraged about a return to growth in 2024.
Persons: nonfarm, December's, Sartorious, We've, Stanley Black, Decker, We're, We'd, Royal Philips, Crane, Woodward, ServisFirst, Cadence Bancorporation, CADE, Johnson, Phillips, Avery Dennison, Columbus McKinnon, Robinson, SIRI, Cardinal Health, Parker, DOV, Pitney Bowes, Ferrari N.V, CSW, COLM, W.W, Grainger, Dwight Co, Jim Cramer's, Jim Cramer, Jim, Tim Cook, Justin Sullivan Organizations: Gross, Procter, Gamble, Gillette, Super, Consumer, JPM Healthcare, Amazon, Microsoft, Honeywell, Aerospace, Solutions, Apple Watch, Masimo, Vision Pro, Franklin Resources, Resource Partners, Bank of Marin Bancorp, Bank7 Corp, Pacific Premier Bancorp Inc, Provident Financial Holdings, Dynex, Cliffs Inc, Nucor Corp, Whirlpool Corp, F5 Networks, Capital Southwest Corp, Harbors Investment Corp, Crane Co, Payne, Equity, Heartland Financial, Cadence, FinWise Bancorp, Five Star Bancorp, PotlatchDeltic Corporation, Sanmina Corporation, Pfizer, General Motors Corp, United Parcel Service, JetBlue Airways Corporation, Smith Corp, Marathon Petroleum Corp, HCA Healthcare, Oshkosh Corporation, SYSCO Corp, Danaher Corp, Johnson Controls, M.D.C . Holdings, Commvault Systems Inc, Hope Bancorp, Hubbell Incorporated, Malibu Boats, Polaris Industries, Inc, Camden National Corp, Cambridge Bancorp, Microsoft Corp, Starbucks Corp, Devices, Electronic Arts Inc, Juniper Networks, Stryker Corp, Lending, Canadian, Canadian Pacific Kansas City Limited, Mondelez, Chubb Corporation, Modine Manufacturing, Partners, Management, Hawaiian Holdings, Manhattan Associates, Unum Group, UNM, Axos, Enova, Boston Properties, Boeing Co, Novo Nordisk, Mastercard Inc, Roper Technologies, Boston Scientific Corporation, MarketAxess Holdings, Fisher, Aptiv PLC, Hess Corp, Nasdaq, United Microelectronics Corp, Rockwell Automation, Teva Pharmaceutical Industries, Ltd, Avery, Avery Dennison Corp, Extreme Networks, Otis Worldwide Corporation, OTIS, Columbus, Columbus McKinnon Corp, Central Pacific Financial Corp, Brinker International, Fortive Corporation, Qualcomm, Technology, Metlife, Hanover Insurance, Barn Holdings, CONMED Corporation, DLH Holdings Corp, Meritage Homes Corporation, Honeywell International, Eaton Corp, Altria, Royal Caribbean Cruises Ltd, Merck, Co, Enterprise Products Partners, Dorian LPG, SiriusXM Holdings, Cardinal, Hannifin Corporation, Allegheny Technologies Incorporated, Tractor Supply Company, Trane Technologies, Dover Corp, Huntington Ingalls Industries, Brunswick Corporation, Dickinson, Canada Goose Holdings, Kirby Corp, WEC Energy Group, WestRock Company, Allegro MicroSystems, Ball Corporation, Broadridge Financial, BrightSphere Investment Group, CMS Energy Corp, Lancaster Colony Corp, Rogers Communications Inc, Sanofi, Apple, Atlassian Corporation, United States Steel Corp, Corp, Adtalem Global, Homes, DXC Technology Company, Eastman Chemical Company, Gen, Post Holdings, America, Columbia Sportswear Company, Exxon Mobil Corp, Chevron Corporation, Myers Squibb Co, CIGNA Corp, Regeneron Pharmaceuticals, Charter Communications, AON, Cboe, Dwight, Banco Santander, Jim Cramer's Charitable, CNBC, Apple Vision, Getty Locations: China, East, United States, Europe, Cleveland, Alexandria, California, Corning, Canadian Pacific, Teradyne, TER, Novo, Hanover, PBI, Skechers U.S.A, Bristol, Chile
The new CNN Original Series “The Many Lives of Martha Stewart” premieres Sunday, January 28 at 9pm ET/PT. CNN —It’s rare to meet someone who’s totally indifferent to Martha Stewart. For women who remember the “Martha Stewart Living” media empire at the zenith of its influence — the 1990s — she can inspire a feeling of inadequacy. American media mogul and businesswoman Martha Stewart stands in a kitchen in August 1976. Snoop Dogg and Martha Stewart at a private table in the kitchen of Nice Guy in West Hollywood, Calif., Oct. 25, 2016.
Persons: Sarah Archer, , Martha Stewart ”, who’s, Martha Stewart, Sarah Archer Sarah Archer, she’s, Justin Bieber, Snoop Dogg, Martha, Martha I, steely perfectionism, homekeeping, Julia Child, doughty, “ Martha Stewart, Jadeite, Marc Morrone, Susan Wood, , Anna Wintour, Nice Guy, Kendrick Brinson, Dobbs, they’ve Organizations: New York Times, Vox, Washington Post, Culture, CNN, Comedy Central, Sports Illustrated, Reading, Vogue Locations: Philadelphia , PA, Japan, Las Vegas, Turkey, Nice, West Hollywood, Calif, America, California
The firm named the stock a top pick for 2024 and reiterated an overweight rating alongside a $105 per share price target. The firm downgraded the health insurance stock to neutral from buy, and lowered its price target to $370 per share from $530. Sur reiterated an underweight rating on Intel stock alongside a $37 per share price target, or more than 25% downside moving forward. Deutsche Bank's Ross Seymour reiterated a hold rating on the stock as well as a $42 per share price target, implying about 15% downside. Analysts Benjamin Black upgraded the Snapchat parent company to buy from hold and raised his price target to $19 from $10.
Persons: Oppenheimer, Wells, Timur Braziler, — Brian Evans, AJ Rice, Brian Evans, Piper Sandler downgrades, Bancorp Piper Sandler, Piper Sandler's, Scott Siefers, Harlan Sur, Sur, America's Vivek Arya, Arya, Deutsche Bank's Ross Seymour, Seymour, Owen Lau, Lau, Coinbase, Analysts Benjamin Black, Black, Fred Imbert Organizations: CNBC, Deutsche Bank, UBS downgrades Humana, UBS, Humana, Piper Sandler downgrades U.S, Bancorp, U.S . Bancorp, Intel, . Bank, America's, GM, Deutsche, U.S . Securities, Exchange Commission, Analysts Locations: Wells Fargo, Puerto Rican, ., Coinbase, Thursday's, China
Launching one of your own can be that easy if you know where to start. Most side hustles need to check at least one of those three boxes to succeed, she notes. If you were good at school, you could earn extra money by tutoring. "There are other ways to [earn] that aren't just trading your time directly for money," says Berman. But without their access to customers or built-in legitimacy, you'll have to build your own brand without a road map to earn any money at all.
Persons: Kathy Kristof, Cody Berman, it'll, Kristof, you've, Berman, Etsy, who'd Organizations: Gold City Ventures, Rover
Microsoft earnings due out later this month could serve as the next major test for artificial intelligence as investors hunt for signs that the buzzy technological innovation is actually boosting companies' bottom lines. Nvidia has been an exception, blowing past Wall Street's guidance for the past few quarters due to AI tailwinds . The remarks led some Wall Street analysts to fret over a delayed ramp-up in AI availability. "There are going to be some outliers, but for the most part there is more risk-reward related to AI going into this earnings period." More loosely, Wall Street analysts have expressed concerns about AI monetization and expectations across the sector heading into the fourth-quarter reporting period.
Persons: Paul Meeks, Merrill Lynch, Piper Sandler, OpenAI, Amy Hood, Copilot, Micrsoft, Meeks, Amy Kong, Nancy Tengler, Gene Munster, Corient's Kong, Wolfe, Alex Zukin, Dubravko, Michael Bloom Organizations: Microsoft, Merrill, Merrill Lynch Investment, Nvidia, Wall, Baker School of Business, The, Investments, Asset Management, Munster, Wall Street, Tech Locations: OpenAI, hasn't
These types of campaigns typically take only a few days to build, Big Happy says. Big Happy CEO Jonathan Frohlinger said the company differs from others in the space because it's built its own tech in-house. Infolinks is now taking a 10% stake in Big Happy, which values the mobile ad firm at $25 million. "Jonathan and Big Happy are trying to do the opposite of that and innovate in an incredibly vanilla environment." Check out the investor pitch deck Big Happy used to raise its $2.5 million Series A round.
Persons: , Big, Happy, Jonathan Frohlinger, Infolinks, Bob, Jonathan Organizations: Service, Business, Big Happy, Pillsbury, Royal, Big Locations: New York, Royal Caribbean
Renewable energy companies are poised to benefit from a burgeoning market that allows them to sell clean energy tax credits, according to JPMorgan. The Inflation Reduction Act offers generous tax credits for renewable energy projects but many companies are struggling to fully take advantage of them. "We believe this transfer market, once ramped, will offer a potentially cheaper and more efficient way to monetize tax credits," Strouse wrote. The IRA offers renewable companies a range of tax credits for the electricity they produce, their investments in new projects, and the components they manufacture. The problem is that the tax credits are often substantially higher than project developers actual tax bills, according to JPMorgan.
Persons: Mark Strouse, Strouse, Omrat, Brookfield Organizations: JPMorgan, Altus, Brookfield Renewable Partners, Enlight Renewable Energy, Ormat Technologies, Bank of America, Bloomberg New Energy Finance, Technologies, Altus Power Locations: Altus Power, Flemington
Over the past several months, Newton has made difficult decisions to sever relationships and move Platformer off both Substack and X, the platform formally known as Twitter. For Newton, maintaining a presence on both X and Substack violated both his personal and business’ moral constitution. In the case of Substack, Newton expressed disappointment that the newsletter publisher had strenuously resisted calls to prohibit “literal 1930s-style Nazis” from building — and monetizing — audiences. “I am writing all the time about how companies are failing to live up to their stated values,” Newton told CNN. “My expectation is we are going to grow a lot more slowly on the free side this year,” Newton candidly acknowledged.
Persons: CNN — Casey Newton, Newton, ” Newton, Zoë Schiffer, , Elon Musk, I’m, Organizations: CNN, NPR
I didn't know what I wanted to study in college. Working as a lawyer was exciting at firstI started working at an international law firm after graduating from the London School of Economics with my law degree. AdvertisementI struggled to come to terms with this because I didn't know what else was out there apart from the law. I didn't know exactly what I wanted to do, but I knew I wanted to create something personal to me. But I couldn't see a path toward it because I didn't know how to monetize what looked like a hobby.
Persons: , Ling Yah Wong, That's, It's, Wong, Red Hong Yi Organizations: Service, Business, London School of Economics, Malaysian, LinkedIn Locations: Malaysian
Wall Street analysts revealed bold predictions on four portfolio stocks this week, as investors digested the latest inflation data and December earnings season kicked off. Morgan Stanley Wall Street's take: HSBC cut Morgan Stanley's rating to hold from buy on Monday, citing weaker guidance for the firm's wealth management business. MS 1Y mountain Morgan Stanley 1 year The Club's take: We don't blame analysts for stepping to the sidelines. Still, Morgan Stanley has strong growth prospects from its investment banking segment, a business we see improving on a better macroeconomic outlook and a pickup in deal activity. Palo Alto Networks Wall Street's take: Morgan Stanley named Palo Alto Networks the bank's top cybersecurity pick on Wednesday.
Persons: Here's, Morgan Stanley Wall, Morgan Stanley, Apple's, FCF, We've, Baird, Price, Marc Benioff, shouldn't, Jim Cramer's, Jim Cramer, Jim, Brendan Mcdermid Organizations: HSBC, Morgan, Bank, Management, Apple, Palo, Palo Alto Networks, 22X, CNBC, Traders, New York Stock Exchange Locations: CY24, CQ4, Palo, New York City, U.S
Amazon's Audible unit lays off about 5% of staff
  + stars: | 2024-01-11 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com   time to read: +3 min
The Audible application is displayed on a smartphone in an arranged photograph taken in Arlington, Virginia, on May 21, 2020. Amazon 's Audible division is cutting approximately 5% of its staff in an effort to position the unit "for continued success," the executive overseeing the division told employees Thursday. The announced cuts follow the layoffs on Wednesday of hundreds of employees in Amazon's Prime Video, MGM Studios and Twitch livestreaming units. The unit has remained largely independent since the deal but is not immune to broader cuts underway at its parent. We are well positioned to continue our momentum and sustain the global growth that will keep us the leader in audio storytelling.
Persons: Bob Carrigan, we've, It's Organizations: Amazon's, MGM Studios, CNBC, Amazon, Global Locations: Arlington , Virginia
This story is available exclusively to Business Insider subscribers. The startup, which provides digital ADHD coaching for adults, just raised a $2.2 million seed round led by Worklife Ventures and SeedtoB Capital. The startup offers access to live sessions with coaches and an AI program that helps users set goals and stick to them. offers ADHD diagnoses and various treatment options, including medication. The startup offers plans ranging from $140 to $345 per month, all of which include Shimmer's flagship 1:1 coaching sessions, which are all conducted by licensed professionals.
Persons: , Y Combinator, Shimmer, Gaingels, Y, Megan Hall, Chris Wang, Shimmer's, Wang, Vikram Sreedhar —, she's, monetize Organizations: Service, Business, Worklife Ventures, SeedtoB, Koa Labs, Aglaé Ventures, Honeystone Ventures, CVS, Shimmer, American, of Psychiatry Locations: Alma
She's one of several people using their experience as travel creators to build lucrative businesses; some are becoming certified travel agents like her while others are organizing group trips. Certifications and commissions galoreWhen Cooper first explored the idea of becoming a travel agent in 2018, she was overwhelmed by the process. That's why travel creators don't have to have a lot of followers in order to be successful in this profession. A 'boom' in travel creators becoming agents could be the futureToday, Cooper mentors a few travel creators herself who are interested in getting their agent certifications. However, she thinks it will be a popular side hustle for travel creators since she said brand deals — the main way many influencers earn money — are often an inconsistent source of income.
Persons: , Tia Cooper, Cooper, she's, they've, Cooper hasn't Organizations: Service, Business, Tourism Ireland, Sofitel, Visit, Travel, BI, Carnival Cruises, Marriott Locations: Instagram, Visit Dubai, Emirates
DMs persuaded some travel creators to arrange group trips with their followersTravel creator Gabby Beckford led her first group trip with her followers in August 2021. Ismail initially worked with the group travel company TrovaTrip, which handled the logistics. AdvertisementAs more travel creators build communities to travel with, startups like Jerne are popping up to help support their businesses. Morgan said quite a few creators are now using Jerne to find brands to sponsor group travel, as well. "Travel advisors have been hosting group trips for as long as they've existed," he said.
Persons: , Tia Cooper, she's, Cooper, they've, Instagram, influencers, Tim Morgan, Gabby Beckford, she'd, Beckford, Nabila Ismail, Ismail, Morgan, It's, Dharma, Charaf El Mansouri Organizations: Service, Business, BI, DMs, Intrepid, Brand, Virgin Voyages Locations: Ireland, Abu Dhabi, Croatia, Mexico, Indonesia, Pakistani
These workers in accounting, product management, defense, and music quit their jobs to work in AI. Moritz Kremb quit his product manager job to focus on his AI business. Ted Lebantino says there's a high learning curve in developing AI skills. To make the jump into AI, Kremb suggests making a name for yourself on social media by creating content about AI. As for Fineberg, the AI startup CEO says you don't even need to quit your job to break into it.
Persons: , Moritz Kremb, OpenAI's ChatGPT, Kremb, Weeks, Moritz Kremb There's, who've, Justin Fineberg, there's, Justin Fineberg Justin Fineberg, Uber, Fineberg, Jacqueline DeStefano, Tangorra, Lockheed Martin, Ted Lebantino, — Lebantino, Javier Orman, Javier Orman DeStefano, DeStefano, Orman, switchers Organizations: Service, Business, Meta, Netflix, New Yorker, Omni Business Intelligence Solutions, Lockheed, San Francisco Bay Area, LinkedIn Locations: New, New York, Long, San Francisco Bay, Chicago
Here are 6 signals investment bankers are watching as they pray for an M&A rebound in 2024. By contrast, activity from private equity firms "was off almost 40%," he said. In 2021, private equity firms transacted $1.5 trillion across 2,869 deals, according to Dealogic. Last year, private equity M&A made up 40% of total activity, according to Goldman Sachs. AI companies, many of which are only now being formed, need to mature, and the winners and losers need to come into focus, bankers said.
Persons: Wall, LSEG, Goldman Sachs, Vito Sperduto, Sperduto, we've, Stephan Feldgoise, Hess, Anthony J, Carfang, Cash, Goldman, Goldman's Feldgoise, Feldgoise, Mark Sorrell, I'm, Harold M, Lambert, Jerome Powell, Greg McBride, McBride, Jonathan Gray, dealmaking, Gray, Rob Chisholm, Chisholm Organizations: Fed, London Stock Exchange, Business, RBC Capital Markets, Conference Board, Conference, Federal, Goldman, Federal Reserve, Private, Bankers, DOJ, FTC, Federal Reserve Board, Bankrate, of Labor Statistics, Cisco, LSEG, Qatalyst Partners, Citi, & $ Locations: LSEG, Ukraine
When Jamila Souffrant found out she was pregnant with her third kid, she was working a full-time corporate job while building her financial freedom blog and brand. To set herself up to walk away from corporate America, Souffrant started ramping up her "FU fund," which she describes as "an emergency savings fund on crack." Souffrant set out to save enough where they could cover one year's worth of expenses between Woody's salary and her FU fund. AdvertisementFor about a year, Souffrant decreased her contributions to her retirement savings and investment account to beef up her FU fund, which she kept in a high-yield savings account. Souffrant encourages anyone who is pursuing financial independence to build an FU fund.
Persons: Jamila Souffrant, Souffrant, ramping, Woody, wouldn't, she's Organizations: Service, Business Locations: America
But now, the short-form video pioneer is changing course and pushing users to make and consume longer videos. “I think TikTok is now [thinking], ‘We need to show [advertisers] that we can keep people staying on one video longer,’” Stein said. Consumers are also more likely to sit through a pre-roll ad for a video longer than one-minute than a video that’s nearly the same length as the ad itself. The company also says it recommends longer videos the same way it does shorter ones, based on user preferences rather than video length. She said that even when making relatively simple “storytime” videos, where she’s just sitting and talking to the camera, making videos longer than 1-minute means investing significant time and effort.
Persons: TikTok, — it’s, , Nikki Apostolou, ” TikTok, Zachary Kizer, Krysten Stein, , ” Stein, Scott Kessler, ’ ” Kessler, TikTok —, Aly Tabizon, “ I’m, I’ve, ” Tabizon, it’s, Tabizon, Aly Tabizon TikTok, Laura Riegle, Riegle, she’s, ” Riegle, ” Apostolou Organizations: New, New York CNN, Facebook, YouTube, University of Illinois, CNN Locations: New York, University of Illinois Chicago, United States, United Kingdom, France, Germany
Google said it also plans to introduce health-care-specific versions of Gemini , the company's newest and "most capable" AI model, to MedLM in the future. For instance, HCA Healthcare , one of the largest health systems in the U.S., has been testing Google's AI technology since the spring. Google's MedLM suite can then take those transcripts and break them up into the components of an ER provider note. "What I would say right now, is that the hype around the current use of these AI models in health care is outstripping the reality," Schlosser said. "We're being very cautious with how we approach these AI models," he said.
Persons: Gupta, Aashima Gupta, MedLM, Greg Corrado, Corrado, Dr, Michael Schlosser, Google's, Schlosser, That's, " Schlosser Organizations: Google, Microsoft, CNBC, HCA Healthcare, Nurses, HCA Locations: MedLM, Med, U.S
of X Elon Musk speaks during the New York Times annual DealBook summit on November 29, 2023 in New York City. Elon Musk on Sunday reinstated the account of conspiracy theorist Alex Jones on X, formerly Twitter, reneging on a year-ago vow to keep Jones off the social network. Users of the Elon Musk-led X social media platform had anticipated the reinstatement of Jones since at least Thursday, when Musk said he would consider reinstating Jones. Musk said Jones "cannot break the law," but that if he does spread misinformation, X's community notes feature will correct him. X has allowed Tate to monetize his account and Tate has said that he generated tens of thousands of dollars on X, previously.
Persons: Tesla, X Elon Musk, Elon Musk, Alex Jones, Jones, Sandy, Sandy Hook, Infowars, Musk, Andrew Tate —, Tate, monetize, Travis Brown, Jack Sweeney, Aaron Greenspan, MMfA, he's, Donald Trump Organizations: SpaceX, New York Times, Elon, Twitter, Elementary, Sandy Hook Elementary School, Associated Press, Media, America Locations: New York City, Sandy, Newtown , Connecticut, Texas and Connecticut, Romania, New York
Goldman Sachs has unveiled its "conviction list" of top stock picks in Europe for December — and London-listed shares of BT Group stand out. Goldman Sachs expects BT's share price to more than double to 290 pence over the next 12 months. Wall Street rivals Morgan Stanley and JPMorgan also believe BT shares are mispriced as investors have undervalued its network arm, Openreach. Conviction list Other prominent stocks on Goldman's conviction list include Delivery Hero , Burberry , Bureau Veritas and Philips . Goldman notes that its conviction list should not be seen as a portfolio, as the stocks are not weighted.
Persons: Goldman Sachs, Goldman, Morgan Stanley, Openreach, Terence Tsui, — CNBC's Michael Bloom Organizations: BT Group, BT, Wall, JPMorgan, Burberry, Veritas, Philips Locations: Europe, London
New York CNN —It’s been an exciting few weeks for the IPO market. People try to draw an analogy between the IPO market and a blocked pipe. That is one reason why the IPO market feels less stymied than it did 12 months ago. But if the current IPO market kicks off, it’s because of other macroeconomic factors. They’re going to very rapidly acquire customers and care much less about long term financial sustainability and climate and the environment.
Persons: New York CNN — It’s, Angela Lee, Bell, We’ve, Reddit, ‘ it’s, Shein, It’s, it’s, we’ve, Ben Minicucci, Eva Rothenberg, , Peter Ingram, Robin Hayes, Minicucci, “ We’ll, Anna Cooban, Svein Tore Holsether Organizations: CNN Business, Bell, New York CNN, Reuters, Microsoft, Wall Street, Columbia Business School, Federal Reserve, Alaska Air, Hawaiian Airlines, Sunday, Alaska Airlines, American Airlines, JetBlue Airways, Justice Department, District of Columbia, Spirit Airlines, Yara, CNN, International Maritime Organization Locations: New York, Reddit, Minicucci, Delta, Southwest, Norwegian, decarbonization
Within two months of ChatGPT's launch, the groundbreaking chatbot amassed 100 million users, wowing investors, consumers and Wall Street with its ability to compose human-like text and hold a conversation. A year later, Wall Street hasn't stopped obsessing over it. Megacap technology stocks also prospered amid the newfound investor focus on AI. MSFT 1Y mountain Microsoft shares over the last year Rounding out the megacap list, both Meta Platforms and Amazon have rallied more than 177% and 51%, respectively. Salesforce shares surged more than 9% during Thursday's session on the back of a stronger-than-expected quarterly print .
Persons: , hasn't, Alphabet, Mark Zuckerberg, Andy Jassy, Salesforce, Brent Thill, CNBC's, Snowflake's, ChatGPT, Brad Gerstner Organizations: Federal, Nvidia, Devices, Marvell Technology, Microsoft, OpenAI, Meta, Amazon, CNBC, Semiconductor, Oracle, Jefferies, Technologies Locations: Salesforce
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