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☆ A student-loan company that services millions of borrowers played a big role in defeating Biden's debt cancellation plan
▼ + stars: | 2023-06-30 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

The Supreme Court struck down Biden's student-loan forgiveness plan by a 6-3 vote. The majority said the six GOP-led states had standing to involve student-loan company MOHELA in its lawsuit against the plan. Chief Justice John Roberts wrote in the majority opinion that "the plan's harm to MOHELA is also a harm to Missouri." At the time, she asked the lawyer representing the states: "Why didn't the state just make MOHELA come then?" The majority didn't see it that way — and Biden's broad student-debt relief plan is effectively blocked.

Persons: MOHELA, —, Joe Biden's, Brown, — Biden, . Nebraska —, John Roberts, Roberts, Cori Bush, Amy Coney Barrett, You've, Liberal Justice Elana Kagan, Kagan, SCOTUS, Rep, Alexandria Ocasio, Cortez Organizations: GOP, MOHELA, Service, US Department of Education, . Nebraska, Republican, State, Missouri Rep, Student, Liberal, Missouri Higher Education Loan Authority, Higher, Democratic, Twitter Locations: ., Missouri, Alexandria

☆ UK banks are appropriate airbag for mortgage crash
▼ + stars: | 2023-06-27 | by ( George Hay | ) www.reuters.com time to read: +4 min

Last year this was 2.9% on average for Lloyds, NatWest and Barclays. Hunt may be able to get banks to hike their savings rates merely by veiled threats. After all, the government would only be getting banks to do what they should be doing anyway. “It is taking too long for the increase in interest rates to be passed on to savers, particularly with instant access accounts,” Hunt told parliament. Around 60% of household deposits are held in instant access accounts, the committee said.

Persons: Banks, Jeremy Hunt, shouldn’t, it’s, Hunt, ” Hunt, “, Neil Unmack, Oliver Taslic Organizations: Reuters, Monday, Banking Group, NatWest, Barclays, Lloyds, JPMorgan, NatWest –, Alpha, Treasury, Bank of England, Labour Party, National Savings and Investments, of, Lloyds Banking Group, HSBC, Barclays –, Thomson

☆ Opinion | Death and Displacement Return to Darfur
▼ + stars: | 2023-06-25 | by ( Lydia Polgreen | ) www.nytimes.com time to read: +3 min

Darfur was loosely and sometimes imprecisely divided between Black and Arab communities, many of whom had deeper ties with the Sahelian peoples of Chad and Niger. These ill-fitting parts have formed a kind of booby trap, plunging Sudan into cycles of violent strife. The region seceded by referendum in 2011, becoming the Republic of South Sudan, generally considered the most recent widely recognized nation on Earth. Ultimately Sudan’s president, al-Bashir, would be charged with war crimes by the International Criminal Court for his role in the slaughter. Now, the two generals who overthrew al-Bashir have turned their guns on each other, with the Sudanese people caught between them.

Persons: Sudan’s, Bashir, Alex de Waal, Mohamed Hamdan, Abdel Fattah al, Burhan, al Organizations: Democratic, Rebels, International, Court, Rapid Support Forces Locations: Sudan, Democratic Republic of Congo, Kenya, Darfur, Black, Chad and Niger, Nile Rivers, Khartoum —, Khartoum, Republic of South Sudan, Chad

☆ Conservative Justice Brett Kavanaugh rules states can't sue the government just over 'indirect' harm from a federal policy. One of the lawsuits blocking Biden's student-debt relief involves 6 states d
▼ + stars: | 2023-06-23 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Justice Brett Kavanaugh authored a new opinion that ruled two states didn't have standing to sue the government. It's the second case led by a conservative justice that scrutinizes a state's standing to sue. The Supreme Court ruled 8-1 that the states lack standing to bring the suit, with Justice Sam Alito as the lone dissent. "But in our system of dual federal and state sovereignty, federal policies frequently generate indirect effects on state revenues or state spending. Kavanaugh's opinion was, of course, only responding to the Texas case and there was no reference to the pending student-debt relief cases.

Persons: Brett Kavanaugh, didn't, —, Joe Biden's, Kavanaugh, Sam Alito, they'd, Brown, Biden, MOHELA, weren't, Ketanji Brown Jackson, Amy Coney Barrett, Barrett Organizations: GOP, Service, Conservative, . Texas, Department of Homeland Security, US Department of Education, . Nebraska, Republican, Indian Child Welfare Locations: States, ., Texas, Louisiana, United States

☆ TikTok Shakes Up Leadership Amid Questions About Its Future
▼ + stars: | 2023-06-22 | by ( Sapna Maheshwari | ) www.nytimes.com time to read: +1 min

TikTok, the popular short-form video app that is facing questions about its future in the United States, said on Thursday that its chief operating officer was leaving the company and that it had hired a new head of operations and a new chief brand and communications officer. V. Pappas, who joined TikTok as chief operating officer to run its North American business in 2018, will become a strategic adviser to the company. Adam Presser, TikTok’s chief of staff, will become its head of operations. In an email to the company on Thursday, Mx. Pappas, 44, said “the time is right to move on and refocus on my entrepreneurial passions.”The company also said that Zenia Mucha will oversee its sprawling communications team.

Persons: Pappas, TikTok, Adam Presser, TikTok’s, Zenia Mucha, Mucha Organizations: Pappas, Disney, New York Times Locations: United States

☆ AWS is investing $100 million in generative A.I. center in race to keep up with Microsoft and Google
▼ + stars: | 2023-06-22 | by ( Jordan Novet | ) www.cnbc.com time to read: +4 min

But the announcement shows that Amazon Web Services recognizes the significance of the current moment in generative AI and the importance of being in the conversation, alongside rivals Microsoft and Google . However, those rivals have had splashier entrances into generative AI, even though Amazon has drawn broadly on AI for years to show shopping recommendations and operate its Alexa voice assistant. For Amazon, that momentum applies to its Bedrock generative AI service and its Titan models as well as the new innovation center. Really, you need the cloud for generative AI." Also, the way Selipsky sees it, AWS provides a measure of credibility in offering generative AI that eludes others in the space.

Persons: OpenAI, Adam Selipsky, Selipsky, isn't, Jeff Bezos, we're, I've Organizations: Web Services, Microsoft, Google, CNBC, RyanAir, Lonely, Amazon, Nvidia, Fortune, FTC Locations: Twilio

☆ Michelle Goldberg on Susan Faludi’s ‘Backlash’ - The New York Times
▼ + stars: | 2023-06-20 | by ( Michelle Goldberg | ) www.nytimes.com time to read: +4 min

Opinion America Is Triggered by ProgressI keep reaching for Susan Faludi’s 1991 book, “Backlash: The Undeclared War Against American Women,” because it explains so much about American politics and culture. In the wake of Trump’s “Lock her up” campaign for president in 2016, it’s simply text, with gender emerging as a central fault line of American politics. Listen to an excerpt from “Backlash” narrated by Michelle Goldberg. A lot has changed since “Backlash” came out 32 years ago, especially in the news and entertainment, two of Faludi’s prime targets. The reaction has been a backlash that is in many ways more brutal and angry than what Faludi described, even if the fragmentation of American culture means it’s less all-encompassing.

Persons: topick, Susan Faludi’s, Donald Trump, TikTok, Tucker Carlson, Faludi, “, ’, —, it’s, It’s, Michelle Goldberg, ”, Candace Owens, Andrew Tate, ” Faludi Organizations: Progress, Fox News Locations: America, Romania

☆ Pixar’s ‘Elemental’ Falls Flat, Adding to Worries About the Brand
▼ + stars: | 2023-06-18 | by ( Brooks Barnes | ) www.nytimes.com time to read: +1 min

“The Flash,” a Warner Bros. superhero spectacle that cost about $200 million, also struggled, taking in a lethargic $55.1 million, according to Comscore, which compiles ticketing data. Gross, a film consultant who publishes a newsletter on box office numbers. Questions about Pixar’s health have swirled in Hollywood and among investors since last June, when the Disney-owned studio released “Lightyear” to disastrous results. Or maybe, as some box office analysts speculated, Disney had weakened the Pixar brand by using its films to build the Disney+ streaming service. Starting in late 2020, Disney debuted three Pixar films in a row (“Soul,” “Turning Red” and “Luca”) online, bypassing theaters altogether.

Persons: ”, David A, Gross, “, Buzz Lightyear, Disney, “ Luca ” Organizations: Pixar, Warner Bros, Disney Locations: Hollywood

☆ PREVIEW Cricket-Australia braced for England storm with Ashes on the line
▼ + stars: | 2023-06-13 | by ( Martyn Herman | ) www.reuters.com time to read: +4 min

England made a first-day record 506 runs in 75 overs in the first test against Pakistan in Rawalpindi. "Every Ashes series gets the juices flowing but there's added excitement this time around," former England skipper Nasser Hussain told The Metro. "That's because of the brand and style of cricket this England side are playing. "I think England are marginal favourites just because Australia haven't won over here for such a long time but it's very hard to call. All I know is there won't be too many draws," former England captain Michael Atherton said.

Persons: Brendon, Baz, McCullum, Ben Stokes, Stokes, Pat Cummins, Steve Smith, Marnus, Travis, Mitchell Starc, Josh Hazlewood, Nasser Hussain, Stuart Broad, Ollie Pope, Broad, James Anderson, Ollie Robinson, Mark Wood, Moeen Ali, England's, Jack Leach, Australia haven't, Michael Atherton, Martyn Herman, Christian Radnedge Organizations: Australia, Pakistan, New Zealand, England, India, Cummins, Metro, Thomson Locations: England, India, New Zealand, South Africa, Pakistan, Rawalpindi, Edgbaston, Australia, London, Lord's

☆ Inside Amazon's rush to respond to ChatGPT. 'Amazon must be really scared about being late on all of this.'
▼ + stars: | 2023-06-12 | by ( Eugene Kim | ) www.businessinsider.com time to read: +10 min

"Amazon must be really scared about being late on all of this," one Amazon employee said in an interview. The same rules apply to the new Microsoft Bing search engine that uses ChatGPT's technology, an internal document said. "Since generative AI is all the rage right now, it will be included in the themes, and there will be a special award for the project that best demonstrates generative AI," the email said. Mike Blake/ReutersEmployees are still curious about Amazon's response to ChatGPT and generative AI, frequently bringing up the topic in internal town-hall meetings. He also said that Amazon's top leadership team, called the S-team, was "very excited about it" and that generative AI was a "big area of focus for us."

Persons: ChatGPT, Sam Altman, Sven Hoppe, It's, hackathons, Andy Jassy, Mike Blake, Adam Selipsky, Jassy, Eugene Kim Organizations: Amazon, Echo, Microsoft, Employees, Getty, Bloomberg, Burnham, Reuters Employees

☆ How Samsung became the world’s No. 2 advanced chipmaker and set the stage for a U.S. manufacturing boom
▼ + stars: | 2023-06-09 | by ( Katie Tarasov | ) www.cnbc.com time to read: +5 min

In this article NVDAQCOM6758.T-JPAMATAMD2330-TW.FKRX300MUAAPL Follow your favorite stocks CREATE FREE ACCOUNTSamsung's $17 billion new chip fab is under construction in Taylor, Texas, on April 19, 2023. CNBC recently went inside Samsung's Austin chip fab, for the first in-depth tour given on camera to a U.S. journalist. Samsung got its start in 1938 as the Samsung Sanghoe Trading Company, founded by Lee Byung-chull in Korea. Just a decade after making its first memory chip, Samsung was coming to market with a version that had 1,000 times the capacity. As consumers rein in their spending in the face of rising inflation, demand for memory chips has weakened sharply.

Persons: Katie Brigham, Jon Taylor, Patel, Jinman Han, Han, Lee Byung, Lee Kun, Geoffrey Cain, weren't, Apple, Cain, Jay Y, Lee, Yoon Suk, Joe Biden, Jonathan Ernst Organizations: AMD, Samsung, Taiwan Semiconductor Manufacturing Company, Intel, they'll, CNBC, Austin, Samsung Sanghoe Trading Company, Samsung Samsung, Samsung Electronics, Samsung TV, Hankook Semiconductor, Apple, Republic of Samsung, Samsung Electronics Pyeongtaek, Reuters Locations: Taylor , Texas, TSMC, U.S, Korea, New Jersey, Silicon Valley, South Korea, Republic of, Austin , Texas, Texas, Austin, Pyeongtaek

☆ Formula 1 is making its first scripted TV show in a move to build on the success of 'Drive to Survive' and expand the sport's media prowess
▼ + stars: | 2023-06-09 | by ( Ashley Rodriguez | ) www.businessinsider.com time to read: +3 min

The motorsport is expanding its media reach after the docuseries "Drive to Survive" brought it to new audiences. Felicity Jones is set to star in and co-produce the show, which comes from Bedrock Entertainment. Formula 1 is moving into scripted TV following its success with the docuseries "Drive to Survive" with a new family drama set in the racing world. As with "Drive to Survive," F1 plans to offer producers access to the sport to help make the show a success. Bedrock Entertainment and F1 said they will "leverage the combined access and power of F1 to create a seamless and authentic world, blending fiction with the real world."

Persons: Felicity Jones, Tony, Dan Sackheim, Felicity Jones —, Brad Pitt, Damson Idris, Joseph Kosinski, Jerry Bruckheimer, Lewis Hamilton, Peyton Manning's, Will Arnett, Daniel Ricciardo Organizations: Bedrock Entertainment, ITV Studios, Entertainment, Pictures, B Entertainment, Netflix, Peyton Manning's Omaha Productions, ESPN, Paramount Locations: Hollywood, Austin

He urged Americans read the indictment to understand the “scope and gravity” of the charges, which he said were necessary to preserve “bedrock” democratic principles. “We have one set of laws in this country, and they apply to everyone,” he said. The investigation had been conducted with utmost integrity, he added, and, in an implicit nod to the election calendar — Mr. Trump remains the front-runner for the 2024 Republican presidential nomination — promised to seek a speedy trial. Mr. Trump and his allies continued their effort to portray the prosecution as politically motivated and unjustified, with House Republicans rallying behind him and arguing that President Biden had weaponized the Justice Department against his potential rival in 2024. Mr. Biden stuck to his calculated silence about the prosecution, judging it best not to provide ammunition to Republicans who are trying to convince voters that he was behind the decision to charge Mr. Trump.

Persons: Trump, ” Jack Smith, ”, —, Biden, Mr Organizations: Justice Department, House Republicans, Republicans Locations: Washington

☆ Here are Thursday's biggest analyst calls: Amazon, Apple, GameStop, T-Mobile, Skechers, Lowe's & more
▼ + stars: | 2023-06-08 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Jefferies downgrades Las Vegas Sands and Wynn to hold from buy Jefferies downgraded several casino stocks, mainly on valuation. Jefferies reiterates Apple as buy Jefferies said it stands by its buy rating on the Mac maker but that it's concerned about the lack of social experience with Apple's VR technology. Jefferies reiterates GameStop as hold Jefferies said the revolving door of GameStop executives is "more of the same" for the company. Skechers is the world's 3rd largest footwear brand and an underappreciated growth stock, in our view." Bank of America reiterates Lowe's as a buy Bank of America said investors should buy the stock "when the market is fearful."

Persons: Wells, Jefferies, Wynn, WYNN, LVS, Oppenheimer, Apple, Wolfe, Goldman Sachs, Salesforce, Goldman, Morgan Stanley, Skechers, Lowe's, Bernstein Organizations: Vegas Sands, Citi, Apple, VR, GameStop, Mobile, Smart, Rio Tinto, UBS, Amazon, Carrier, Bank of America, of America, NextEra Energy, Xcel Energy, American Electric Power, Barclays, FedEx Locations: Vegas, Rio, China, 2023E

The lower court ordered Alabama to configure a second House district where Black voters could hold a majority or close to it. Conservative states and groups had previously succeeded in prodding the Supreme Court to limit the Voting Rights Act's scope. In the ruling on Thursday, two consolidated cases before the Supreme Court involved challenges brought by Black voters and advocacy groups accusing the state of violating Section 2. Alabama then appealed to the Supreme Court. In a major 2019 ruling, the Supreme Court barred federal judges from curbing the practice, known as partisan gerrymandering.

Persons: Michael A, McCoy, John Roberts, Brett Kavanaugh, Sonia Sotomayor, Elena Kagan, Ketanji Brown Jackson, Roberts, Abha Khanna, Khanna, Joe Biden's, John Kruzel, Andrew Chung, Will Dunham Organizations: Selma Fire, REUTERS, WASHINGTON, U.S, Supreme, Black, Republican, Supreme Court, . House, Conservative, Republicans, U.S . House, Democratic, Thomson Locations: Selma, Selma , Alabama, U.S, Alabama, Black, Arizona, Constitution's, Washington

☆ The Treasury Paradox
▼ + stars: | 2023-06-02 | by ( Jeff Sommer | ) www.nytimes.com time to read: 1 min

Treasury bonds have been at the heart of the debt ceiling drama. But as the deadline for an agreement to avert a U.S. debt default loomed, Treasury bills due in early June were priced as the near equivalent of junk bonds. In the credit default swaps market, Treasury bonds were suddenly deemed riskier than the sovereign debt of countries like Mexico, Bulgaria and Greece. But in the nick of time, President Biden and Speaker Kevin McCarthy reached a deal to suspend the debt ceiling. The Senate gave final approval on Thursday to legislation ensuring that the Treasury won’t run out of cash.

Persons: Biden, Kevin McCarthy Organizations: Treasury Locations: Mexico, Bulgaria, Greece, United States

WASHINGTON, June 2 (Reuters) - CIA director William Burns visited China last month for talks with Chinese counterparts, two U.S. officials said on Friday as Washington seeks to boost communications with Beijing. Burns, a veteran U.S. diplomat before leading the CIA, has made dozens of sensitive overseas trips as head of the agency, including to hold talks with Russian counterparts, as well as the Taliban in Afghanistan. The CIA, which does not regularly announce such visits, declined to comment on the China trip. Ties between the world's two largest economies are strained over issues ranging from Taiwan and China's human rights record to military activity in the South China Sea. "That's why we're also ready to engage China without preconditions, helping ensure that competition is managed, and that competition does not veer into conflict," Sullivan said.

Persons: William Burns, Burns, Joe Biden's, Antony Blinken, Janet Yellen, Gina Raimondo, Biden, Lloyd Austin, National Defense Li Shangfu, Li, Jake Sullivan, Sullivan, we're, Wang Yi, Michael Martina, Jonathan Landay, David Brunnstrom, Susan Heavey, Tim Ahmann, Alistair Bell, Matthew Lewis, Don Durfee Organizations: CIA, Washington, Reuters, Financial Times, Russian, Blinken, U.S . Defense, China's, National Defense, Pentagon, White House, People's, Arms Control, Thomson Locations: China, Beijing, Washington, Afghanistan, U.S, Taiwan, South China, . U.S, Singapore, Austin, People's Republic of China, Vienna

☆ The debt-ceiling bill that just passed the Senate eases the way for a new gas pipeline — and for clean energy projects like EV charging and solar panels
▼ + stars: | 2023-06-02 | by ( Bartie Scott | Eliza Relman | ) www.businessinsider.com time to read: +5 min

The debt-ceiling bill includes reforms that aim to speed up construction on energy projects. It also claims a West Virginia pipeline is in the national interest — and pushes through its completion. The reforms in the bill include limiting the environmental permitting process to two years, along with requiring projects to name a single lead agency that would develop one master environmental review document. Now, the permitting reforms included in the deal would force federal agencies to approve all remaining permits for the pipeline and allow it to bypass the courts and fast-track construction. Manchin, who is also the chairman of the Senate Energy and Natural Resources Committee, plans to bring more comprehensive legislation to the Senate floor by the end of the summer.

Persons: —, Kevin McCarthy, Raúl Grijalva, polluters, Grijalva, Melanie Stansbury, Stansbury, Sen, Joe Manchin, Tim Kaine, Kaine, Manchin Organizations: Service, Environmental, White, Sunday, Arizona, Natural Resources Committee, NEPA, Natural Resources, Infrastructure Law, Democratic, Senate, Senate Energy Locations: West Virginia, Virginia

Florida Governor Ron DeSantis, a candidate for the Republican 2024 presidential nomination, said the deal does not do enough to change the fiscal trajectory. "After this deal, our country will still be careening toward bankruptcy," he said on Fox News. There's no question about that," said Republican Representative Dusty Johnson, who said he had talked to dozens of fellow lawmakers. Some $4 trillion in debt for - at best - a two-year spending freeze and no serious substantive policy reforms," Roy wrote on Twitter. McCarthy has predicted it will draw the support of most of his fellow Republicans, who control the House 222-213.

☆ Republicans speak out against U.S. debt-ceiling deal, in sign of rocky road ahead
▼ + stars: | 2023-05-29 | by ( ) www.cnbc.com time to read: +5 min

Florida Governor Ron DeSantis, a candidate for the Republican 2024 presidential nomination, said the deal does not do enough to change the fiscal trajectory. "After this deal, our country will still be careening toward bankruptcy," he said on Fox News. There's no question about that," said Republican Representative Dusty Johnson, who said he had talked to dozens of fellow lawmakers. McCarthy has predicted it will draw the support of most of his fellow Republicans, who control the House 222-213. Most of the savings would come by capping spending on domestic programs like housing, border control, scientific research and other forms of "discretionary" spending.

[1/3] U.S. President Joe Biden hosts debt limit talks with U.S. House Speaker Kevin McCarthy (R-CA) in the Oval Office at the White House in Washington, U.S., May 22, 2023. REUTERS/Leah MillisWASHINGTON, May 27 (Reuters) - U.S. President Joe Biden and House Republican Speaker Kevin McCarthy on Saturday reached an agreement in principle to lift the debt ceiling that would trim some U.S. federal spending. Here's what we know so far:A CAP ON DISCRETIONARY SPENDINGThe deal would suspend the $31.4 trillion debt ceiling until January of 2025, allowing the U.S. government to pay its bills. In exchange, non-defense discretionary spending would be capped at current year levels in 2024 and increased by only 1% in 2025. INCREASED DEFENSE SPENDINGThe deal is expected to boost defense spending to around $885 billion, in line with Biden's 2024 budget spending proposal.

☆ Investing in AI: how to avoid the hype
▼ + stars: | 2023-05-26 | by ( Naomi Rovnick | ) www.reuters.com time to read: +5 min

SummarySummary Companies AI boom brings fresh challenge for investorsAI-themed stocks highly valuedStick with big tech not AI stocks - investorsLONDON, May 26(Reuters) - Experienced tech investors are hunting for undervalued opportunities in an over-valued space. Investors are chasing exposure to generative AI, the technology run by ChatGPT that learns from analysing vast datasets to generate text, images and computer code. Businesses are trying to use generative AI to speed up video editing, recruitment and even legal work. GAM's Hawtin said he has also hunted out companies that provide the "picks and shovels," necessary for enabling new AI technology. Amazon's Bedrock service, for example, lets companies customise generative AI models rather than invest in developing them themselves.

☆ Debt ceiling crisis: How a US default would ricochet around the world
▼ + stars: | 2023-05-26 | by ( Hanna Ziady | ) edition.cnn.com time to read: +9 min

But if it does, it could make the 2008 global financial crisis feel like a walk in the park. The consequences are frightful.”The belief that America’s government will pay its creditors on time underpins the smooth functioning of the global financial system. During the 2011 standoff over raising the US debt ceiling, the S&P 500 index of leading US shares plunged more than 15%. “It’s unclear in a Treasury default crisis whether the Fed could do enough even with the types of efforts it deployed in March 2020,” Obstfeld said. “A default would be a message to investors all around the world of eroding confidence in America,” he added.

☆ Factbox: What's in the debt ceiling deal Biden, McCarthy are negotiating?
▼ + stars: | 2023-05-26 | by ( Jarrett Renshaw | ) www.reuters.com time to read: +4 min

WASHINGTON, May 26 (Reuters) - U.S. President Joe Biden and House Republican Speaker Kevin McCarthy are nearing a deal to lift the debt ceiling that would trim some U.S. federal spending. Here's what we know so far:A CAP ON DISCRETIONARY SPENDINGThe deal under consideration would lift the debt ceiling in exchange for holding non-defense discretionary spending around current year levels. INCREASED DEFENSE SPENDINGThe deal under consideration could boost defense spending to around $885 billion, in line with Biden's 2024 budget spending proposal. COVID CLAWBACKBiden and McCarthy are expected to agree to clawback unused COVID relief funds as part of the budget deal, including funding that had been set aside for vaccine research and disaster relief. ENERGY PERMITTINGA plan to make it easier for energy projects - including fossil-fuel based ones - is expected to be part of any budget deal.

☆ A leaked Amazon generative AI sales playbook shows how the company is going after ChatGPT-maker OpenAI, Microsoft and Google
▼ + stars: | 2023-05-25 | by ( Eugene Kim | ) www.businessinsider.com time to read: +9 min

The strategy is revealed in a detailed internal sales guideline, titled "Generative AI Sales Playbook," obtained by Insider. The guidelines may help Amazon make a stronger push in the generative AI space, where companies including Microsoft, OpenAI, Anthropic, and Google have taken an early lead. 'ChatGPT is a brand new, experimental offering'The guidelines focus on SageMaker's appeal to companies looking to build their own generative AI services. For example, for c-suite executives, Amazon salespeople are told to focus on how generative AI can "improve efficiency by automating operations," the document said. For those with a bit more experience in AI, Amazon salespeople are advised to recommend new generative AI capabilities and AWS offerings to accelerate their development process.

Persons: Bard, SageMaker, JumpStart, Sam Altman Drew Angerer, Sparrow, It's, I'm, haven't, you've, Canva's, Eugene Kim Organizations: Microsoft, Google, Amazon, Stability, AI21 Labs, Amazon Alexa, AWS, Burnham

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