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☆ How Apple's thinking about AI spending and deployment differs from Big Tech rivals
▼ + stars: | 2023-11-01 | by ( Bob Woods | ) www.cnbc.com time to read: +9 min

And, of course, we've been doing research across a wide range of AI technologies, including generative AI, for years," he said. The upgraded camera uses machine-learning AI to tell the difference between a person and an animal in the frame. Laura Martin, a tech analyst at Needham, is among those who say Apple is "far behind" its big tech rivals. The early edge in generative AI is paying off for rivals, as was evidenced by Microsoft's recent earnings report. "We believe they are on the cusp of what will be the introduction of an AI App Store over the next year," he said.

Persons: Brendan Burke, That's, Tim Cook, Cook, we've, Siri, Apple, it's, Laura Martin, Martin, I'm, Ives, that's, what's, OpenAI, Google's Bard, Burke, Claude Organizations: Apple, Microsoft, Google, Vision Pro, Amazon Web Services, Bloomberg, Meta, Financial Times Locations: Cupertino, California, Seattle, Paris, Beijing, Anthropic

It also provides apps for merchants to sell directly on marketplaces like Amazon and Walmart, which are also building out AI additions for merchants. As part of the AI suite, Shopify launched AI app Sidekick, which helps sellers decide on inventory, promotions and marketing, lessening their dependence on third-party widgets. Analysts expect sales of Shopify's merchant products, which includes Shopify Magic, to increase 21% to $1.2 billion compared to last year, the first deceleration in four quarters. Shopify Magic is part of the company's long-term strategy to gain more merchants on its platform that will pay higher prices for its services. Shopify's subscriptions include Shopify Magic at no additional charge.

Persons: Chris Wattie, Jeff Hoffmeister, Shopify, Michael Morton, Hunter, Harley Finkelstein, Angelo Zino, Zino, Arriana McLymore, Josie Kao Organizations: REUTERS, Walmart, CFRA, Thomson Locations: Ottawa , Ontario, Canada, LSEG, Ottawa, New York City

☆ How FaZe Clan's future owner hopes to rein in pissed-off talent and build a sustainable influencer business
▼ + stars: | 2023-11-01 | by ( Dan Whateley | ) www.businessinsider.com time to read: +4 min

Several of its top talent have revolted against the company on social media over the past year. Beginning in late 2022, Nordan "FaZe Rain" Shat posted a series of YouTube videos criticizing FaZe's leadership and spending decisions. He would oversee the brand alongside Thomas "FaZe Temperrr" Oliveira, FaZe's proposed president, and Yousef "FaZe Apex" Abdelfattah, set to become FaZe's COO. GameSquare CEO Justin Kenna, a former CFO at FaZe, said he knew he needed buy-in from FaZe talent for the deal to move forward. GameSquare wrote in a press release announcing its FaZe deal that it expects to record more than $18 million in savings by cutting "duplicate corporate costs" and other expenses following a merger.

Persons: Shat, FaZe's, influencer Richard, FaZe, Bengtson, GameSquare, Thomas, Oliveira, Yousef, Justin Kenna, Kenna, Bengston, Lee Trink, Tyler, Ninja, Blevins, we're Organizations: FaZe, Nasdaq, Ninja Labs

☆ Is Meta a buy after the brutal tech sell-off? Here's what the pros are saying
▼ + stars: | 2023-10-31 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +4 min

Both Meta Platforms and Alphabet saw their shares caught up in a broad tech sell-off last week — but several analysts remain bullish. On Meta, concerns emerged last week following CFO Susan Li's comments on the advertising market in the fourth quarter. META YTD mountain Year-to-date share price movement in Meta Year-to-date, shares in Meta are up over 150% higher. Morgan Stanley views Meta as one of the companies best positioned to weather the volatility in the tech sector. We would be buying the pullback in Meta shares" in an Oct. 26 note.

Persons: Susan Li's, Dan Ives, CNBC's, He's, it's, Meta, Ives, Meta they're, pricings, Mark, Zuckerberg, Morgan Stanley, —, Jonathan Vanian, Michael Bloom Organizations: Facebook, Meta, Wedbush Securities, Labs, JPMorgan, Baird Equity Research Locations: Meta

☆ 50% of Gen Z wants to ditch corporate jobs and run their own businesses, according to new research
▼ + stars: | 2023-10-31 | by ( Morgan Smith | ) www.cnbc.com time to read: +3 min

"What once seemed like the only path forward, getting a full-time job, has now been divided into so many," she says. "The idea of spearheading a career that I design and has all the elements I want is a strong source of motivation and empowerment that I think is unique for Gen Z compared to older generations." Instead, more young people are seeking balance and fulfillment outside of the confines of a 9-to-5: 50% of Gen Z aspires to become an entrepreneur or start their own business, according to a new report from Samsung and Morning Consult. Gen Z, being a generation that's "extremely online," Woo adds, quickly realized that "as soon as you start producing content that attracts a following, you can get paid and become a business." "I was scrolling TikTok after work one day and seeing all these successful content creators on the platform and I thought, 'Why not me?

Persons: Z, Ann Woo, Zers, Gen Z, Woo, Natalie, she's, it's Organizations: Samsung Electronics America, Samsung, YouTube Locations: Silicon, San Francisco

☆ The 15-page pitch deck a former Patreon employee used to raise $2.75 million for his sports creator app, and how he's getting athletes on the platform
▼ + stars: | 2023-10-31 | by ( Margaret Fleming | ) www.businessinsider.com time to read: +5 min

Below are three key slides from the 10-page pitch to athletes and the full 15-page deck used to win over investors. Among them, seven are women, and six compete professionally while the remaining four are college athletes, Rajan said. In the pitch deck Grandstand used to get athletes on board, the company referenced YouTube sensation MrBeast to show how lucrative a creator career can be. Sandeep RajanGrandstand's pitch to investorsBut, before athletes could start earning on the platform, Grandstand had to raise capital to launch it. Here is the full 15-slide pitch deck Grandstand used to raise $2.75 million in its initial funding round:

Persons: it's, Sandeep Rajan, Rajan, James Nicholas, MrBeast, Forbes Organizations: Will Ventures Locations: Instagram

☆ Marina Abramovic Thinks the Pain of Love Is Hell on Earth
▼ + stars: | 2023-10-29 | by ( David Marchese | ) www.nytimes.com time to read: +13 min

Talk Marina Abramovic Thinks the Pain of Love Is Hell on Earth“I’m all for heroism,” Marina Abramovic says. You can find bliss and be happy; you don’t need to be with somebody you don’t love. But if you have unconditional love, general love for the planet, human beings, the rocks, the trees, everything else, this is the love that nourishes. It is important not to fear pain, to understand pain and accept it. You ever have love pain?

Persons: Marina Abramovic, ” Marina Abramovic, “, Katya Tylevich, Abramovic, ” Abramovic, Henri Matisse, Louis Armstrong, Stevie Wonder, Beckett, Kafka, Dostoyevsky, Proust, madeleine, Medici, —, It’s, they’re, Andrew H, Walker, I’ve, I’m, it’s, Ernst Jünger, Basquiat, Long, Hannes Magerstaedt, David Marchese, Alok Vaid, Menon, ordinariness, Joyce Carol Oates, Robert Downey Jr Organizations: Royal Academy of Arts, Marina, Museum, Marvel Locations: London, Belgrade, Ukraine, Israel, Venice, Silicon

☆ How 2 successful small-business owners use YouTube for cheap, sustainable, SEO-driven marketing
▼ + stars: | 2023-10-27 | by ( Erin Greenawald | ) www.businessinsider.com time to read: +7 min

Starting a YouTube channel can be a heavy lift but can have big marketing benefits. "My clients joke around that if you have a question, I've probably got a YouTube video on it," Liszewski said. Maximize the SEO benefitsOne of the best ways to grow your YouTube channel — and business — is to tap into its SEO potential. While monetization can be a nice perk (and help offset any costs associated with creating YouTube videos), Liszewski said it shouldn't be the primary goal for business owners using YouTube as a marketing channel. Charon swears by batching her YouTube content creation.

Persons: SBOs, —, Mariah Liszewski, Liszewski, she's, Mariah, Dielle, Charon, she'd, She's, I've, soley, she'll, shouldn't, batching Organizations: Small, Service, Mariah Magazine, YouTube

☆ Elon Musk's X launches two new premium subscription plans
▼ + stars: | 2023-10-27 | by ( ) www.reuters.com time to read: +1 min

The logo of social media platform X, formerly Twitter, is seen alongside the former logo in this illustration taken, July 24, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsOct 27 (Reuters) - Elon Musk's social media platform X, formerly known as Twitter, rolled out two new subscription plans on Friday, including a Premium+ tier for users willing to pay for an ad-free experience. It will, however, be available for users accessing the platform through a web browser for now, it added. X is also planning to bundle video and audio calling for some users, in a push to turn the platform into an everything app. Musk has been exploring several options to extensively monetize the social media platform, which he acquired for $44 billion in October 2022.

Persons: Dado Ruvic, Zaheer Kachwala, Anil D'Silva Organizations: REUTERS, Elon, Thomson Locations: Bengaluru

☆ Apple subscriptions just got more expensive. Here's how to save money
▼ + stars: | 2023-10-25 | by ( Jake Piazza | In | ) www.cnbc.com time to read: +1 min

Apple raised the price of Apple TV+, Apple One and a number of its other subscription services Wednesday. The monthly price for Apple TV+ jumped from $6.99 to $9.99, and Apple One Premier, the top version of the company's bundle package, increased from $32.95 to $37.95. Here's how to cancel or downgrade your Apple subscriptions if you don't want to pay the price hike:Go to your Settings. Press "Subscriptions." For Apple TV+, press the bar with its name and then click "Cancel Subscription."

Persons: Apple, Kif Leswing Organizations: Apple, Apple TV, Apple One, Services, . Press

☆ Mozambique's Nyusi to blame over 'tuna bond' scandal, shipbuilder's owner says
▼ + stars: | 2023-10-25 | by ( Sam Tobin | ) www.reuters.com time to read: +3 min

Mozambique President Filipe Jacinto Nyusi addresses the 78th Session of the U.N. General Assembly in New York City, U.S., September 19, 2023. REUTERS/Eduardo Munoz/File Photo Acquire Licensing RightsLONDON, Oct 25 (Reuters) - Mozambican President Filipe Nyusi was ultimately responsible for the failure of the projects at the centre of the "tuna bond" scandal, the owner of Emirati-Lebanese shipbuilder Privinvest told London's High Court on Wednesday. "When President Nyusi replaced former President Guebuza a power struggle ensued between them," Safa said. "President Nyusi made deliberate decisions to undermine the projects and as a result the republic failed to take the necessary steps to monetize the projects as intended." The trial began in earnest last week after a delay caused by Mozambique's 11th-hour settlement with Credit Suisse's new owner, UBS (UBSG.S).

Persons: Filipe Jacinto Nyusi, Eduardo Munoz, Filipe Nyusi, Privinvest, Iskandar Safa, Safa, videolink, Armando Guebuza's, Nyusi, Guebuza, Mozambique's, Sam Tobin, Rod Nickel Organizations: General Assembly, REUTERS, London's, Credit Suisse, party's, UBS, International Monetary Fund, Thomson Locations: Mozambique, New York City, U.S, Mozambican, Privinvest, Nyusi, Paris

☆ Selling Alphabet shares after the tech giant missed on cloud numbers is shortsighted
▼ + stars: | 2023-10-24 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

GOOGL YTD mountain Alphabet YTD Bottom line Lower-than-expected operating income for the third quarter and a Google Cloud miss dragged Alphabet shares lower by more than 6% in after-hours trading. The Google Cloud performance was particularly disappointing given the strength we saw when Microsoft (MSFT) also reported its Azure numbers on Tuesday evening. Quarterly commentary Despite the topline outperformance, seen in the earnings table above, segment sales at Google Network, Google Cloud and Other Bets came up short. Operating income and quarterly operating margin were also short of expectations as total Traffic Acquisition Costs (TAC) were marginally above expectations. Expenses in Google Cloud and Other Bets were higher than expected, and the company took charges associated with workforce and office space reductions.

Persons: Wall, Jim Cramer's, Jim Cramer, Jim, Leonardo Munoz Organizations: Google, LSEG, Microsoft, Google Services, Management, Google Network, YouTube, NFL, TAC, Capital, CNBC, View, Getty Locations: New York City

GE shares were up 6% at $113.14 in pre-market hours. The Boston-based group now expects 2023 adjusted profit per share of $2.55 to $2.65, compared with an earlier forecast of $2.10 to $2.30. "At GE Aerospace, we continue to experience rapid growth driven by robust demand and solid execution, largely in commercial engines and services," CEO Larry Culp said in a statement. GE's aerospace unit, which makes engines for Boeing Co (BA.N) and Airbus (AIR.PA) jets, posted double-digit growth in orders, revenue and profit from a year earlier. Shares of its aerospace unit will continue GE's listing on the New York Stock Exchange under the ticker symbol "GE", the company said.

Persons: Benoit Tessier, Larry Culp, RTX, Pratt, Whitney, Culp, Rajesh Kumar Singh, Sriraj Kalluvila, Jason Neely, Jan Harvey Organizations: Electric, GE, Boeing, Paris, REUTERS, General, GE Aerospace, Boeing Co, Airbus, New York Stock Exchange, AerCap Holdings, Thomson Locations: Le Bourget, Paris, France, Boston, Chicago, Bengaluru

☆ Wall Street wants to know how Google's going to profit from AI
▼ + stars: | 2023-10-24 | by ( Jennifer Elias | ) www.cnbc.com time to read: +5 min

In the age of AI hype, few companies have used the word "AI" more than Google. Now, Wall Street wants know how it'll turn the hyped tech into dollars and cents. With SGE, Pichai said it'll be able to include "a wider range of sources on the results page, creating new opportunities for content to be discovered." Pichai added that with AI, he sees the opportunity to "evolve search and assistant for the next decade ahead." "It's probably the ultimate example of AI," Pichai said in response to Sheridan's question.

Persons: Bard, Lloyd Walmsley, Pichai, Brian Nowak, Morgan Stanley, Nowak, it'll, Philipp Schindler, we're, Schindler, UBS's Eric Sheridan, execs, Max, Google's, It's Organizations: Google, Deutsche Bank, YouTube, CNBC, Samsung, Toyota

☆ Mark Zuckerberg delivers on promise to pour 'gasoline' on Threads growth as the platform regains users while X shrinks
▼ + stars: | 2023-10-20 | by ( Kali Hays | ) www.businessinsider.com time to read: +4 min

Mark Zuckerberg is making good on his promise to accelerate the use of Threads. "I'm highly confident that we're gonna be able to pour enough gasoline on this to help it grow," Zuckerberg said. As the app has matured quickly in recent weeks, users have started to return and downloads have continued to rise. So far in October, Threads has hovered around 33 million daily active users and 120 million monthly active users, according to data from Apptopia, up from about 25 million daily users and 100 million monthly users in July. "A big thank you to everyone who's made Instagram and Threads what they are today," Adam Mosseri, head of Instagram, wrote on Threads about the event.

Persons: Mark Zuckerberg, Elon, Zuckerberg, it's, who's, Adam Mosseri, Instagram, Jorge Caballero, Angelo Zino Organizations: Twitter, Facebook, Meta Locations: Apptopia, Instagram DMs, New York, monetize

☆ Here are Friday's biggest analyst calls: Nvida, Amazon, SolarEdge, Sunrun, IBM, Crocs, Meta, Disney & more
▼ + stars: | 2023-10-20 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Bank of America reiterates Meta as buy Bank of America said it's bullish heading into earnings next week. UBS upgrades Merck to buy from neutral UBS said Merck has an "undemanding" valuation and robust pipeline. UBS reiterates Ralph Lauren as buy UBS said the stock is best positioned for AI. UBS reiterates McDonald's as buy UBS said the stock remains attractively valued. Bank of America reiterates IBM as buy Bank of America said it's standing by its buy rating heading into earnings next week.

Persons: JPMorgan, Jefferies, Goldman Sachs, Goldman, it's, Merck, Stephens, Ralph Lauren, McDonald's, Cognizant, TSMC, Deutsch, Redburn, Raymond James Organizations: JPMorgan, Nvidia, Disney, Bank of America, Meta, UBS, Merck, Deutsche Bank, Union Pacific, Deutsche, IBM, Citi, Taiwan Semiconductor, Management, Deutsche Bank downgrades, Microsoft, Brands, Mattel, Disney Princess, of America Locations: China

☆ Snapchat isn’t just for teens anymore. Now it needs to make some real money
▼ + stars: | 2023-10-19 | by ( Clare Duffy | ) edition.cnn.com time to read: +10 min

New York CNN —When Snapchat announced last month that it had reached 5 million paying subscribers for its Snapchat+ service, it seemed like a stunning achievement. At 5 million subscribers paying $3.99 per month, Snapchat+ is set to earn around $239 million in annual revenue. That subscriber number is just a fraction of its overall user base of Snapchat, which has quietly become one of the world’s fastest-growing social platforms. The sales declines come as Snapchat, like other platforms, works to update its advertising business to cope with changes to Apple’s app tracking policies. Snapchat has grown its user base by more than 10% year-over-year for the past 16 consecutive quarters.

Persons: Snapchat, Evan Spiegel, it’s, ” Jack Brody, ”, Angelo Zino, Jess Maddox, TikTok Snapchat, ” Brody, you’ve, TikTok, CFRA’s Zino, Scott Kessler, ” Snapchat, Kessler, Brody, Spiegel, “ It’s Organizations: New, New York CNN, Twitter, Facebook, CNN, “, CFRA Research, University of Alabama, YouTube, Intelligence, Meta, Apple Locations: New York, North America, United States, India, Europe, TikTok, Instagram

Here's a secret some content creators are holding close to their chests: Facebook is an overlooked goldmine for cash. "There's so many ways to make money on Facebook that my manager calls it a cash cow," My Nguyen, the creator behind the viral food and recipe account MyHealthyDish, told Insider. Take Morgann Book, a lifestyle influencer with 2.8 million TikTok followers. Meanwhile, Nuseir Yassin of Nas Daily, whose account has 7 million TikTok followers, told Insider in 2022 that his monthly earnings from several Facebook accounts rounded out to between $60,000 and $70,000. Meanwhile, Cassandra Bankson, who uploads skincare-related content for her 437,000 TikTok followers, uses the company Decked to syndicate her content across Facebook.

Persons: She's, Nuseir Yassin, Here's, Instagram, Tom Alison, Wasil Daoud, he's, Daoud, TikTok, doesn't, Rob Clark, Jellysmack, Cassandra Bankson, she's, they'll, Adorian, Khamyra, Logan Nathanson, Nathanson Organizations: Facebook, YouTube, Nas Daily, Amazon Locations: Nas

☆ Read the Notion memo Dharma, a travel startup that crafts travel experiences for creators and brands, used to raise $4.7 million
▼ + stars: | 2023-10-17 | by ( Marta Biino | ) www.businessinsider.com time to read: +2 min

Dharma, a travel startup that plans and sells trips hosted by creators and brands, recently announced $4.7 million in pre-Series A funding. Dharma cofounder and CEO Charaf El Mansouri told Insider the company aims to support creators and brands in organizing exclusive travel experiences by dealing with operations and liaising with local travel operators as needed. "By definition, I'm a yoga teacher, not a professional travel manager. The company's big challenge ahead, which the funds from the raise will be used for, is to achieve scale. Here is the 17-page Notion memo that the cofounders used to raise $4.7 million.

Persons: Stephen Ross, Matt Higgins, Eric Cantona, Charaf El Mansouri, Dharma, Emily, Kelsey Wells, Pernod, El Mansouri Organizations: San, Convivialite Ventures, FJ Labs, Tank, Paramount Global, Netflix, Pernod Ricard Locations: San Francisco, Paris, El

☆ Top Wall Street analysts believe in the long-term potential of these stocks
▼ + stars: | 2023-10-15 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +7 min

In this article COSTMUINTCMETAAMZN Follow your favorite stocks CREATE FREE ACCOUNTAn Amazon delivery truck at the Amazon facility in Poway, California, Nov. 16, 2022. Investors seeking a sense of direction can turn to analysts who identify companies that have lucrative long-term prospects and the ability to navigate near-term pressures. To that end, here are five stocks favored by Wall Street's top analysts, according to TipRanks, a platform that ranks analysts based on their past performance. JPMorgan analyst Doug Anmuth noted the recent sell-off in AMZN stock and highlighted certain investor concerns. Also on investors' mind is Amazon Web Services' growth, with multiple third-party data sources indicating a slowdown in September.

Persons: Sandy Huffaker, Wall, Doug Anmuth, Anmuth, TipRanks, Needham, Quinn Bolton, Bolton, Sidney Ho, Ho Organizations: MU, Reuters Investors, Investors, JPMorgan, Federal Trade, Meta, Meta Connect, Intel, Systems Business, PSG, Bolton, TipRanks, Micron Technology, Deutsche Bank, Micron, Costco Locations: Poway , California

☆ Tata Consultancy Services says 100,000 of its employees are already trained on generative AI
▼ + stars: | 2023-10-12 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTata Consultancy Services says 100,000 of its employees are already trained on generative AIN. Ganapathy Subramaniam, chief operating officer of Tata Consultancy Services, talks about the company's plans to monetize generative artificial intelligence tools, and outlines partnerships with companies like Nvidia.

Persons: Ganapathy Subramaniam Organizations: Tata Consultancy Services, Nvidia

☆ 8 entrepreneurs who left corporate America share the financial steps they took before quitting their jobs to work for themselves
▼ + stars: | 2023-10-10 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +7 min

Entrepreneurs who left the corporate world to start businesses told Insider how they made the leap. They shared the financial steps they took, such as paying down debt and building an emergency fund. Ludomir Wanot, who quit a six-figure job at Amazon to build a real-estate-wholesaling business, took stock of his personal finances as he was preparing to leave corporate America. Steph Gordon and Den Mathu, a couple in Toronto, also considered their personal finances before quitting their corporate jobs to create online content full-time. You want to allow yourself as long a runway as possible to survive as an entrepreneur because, inevitably, you're going to make mistakes (and maybe costly ones).

Persons: —, Phil Thompson, Ludomir Wanot, Ludomir, Wanot, Steph Gordon, Den Mathu, Gordon, Mathu, Mike Gardon, Katie McCarron, Maggie, McCarron, It's, Katie Lauffenburger, Thompson, Tyler Wright, she'd, Wright Organizations: Entrepreneurs, Service, Amazon, Evergreen Housing, Portland Pet Food, Academic, Wonder Locations: Toronto, Portland, America, Chicago

☆ Here are Tuesday's biggest analyst calls: Apple, Tesla, Microsoft, Rivian, Amazon, Skechers, Block and more
▼ + stars: | 2023-10-10 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Bank of America reiterates Apple as neutral Bank of America said Apple Services is the "next leg of growth." UBS reiterates Skechers as buy UBS said it's standing by its buy rating on shares of the shoe company. JPMorgan reiterates Disney as overweight JPMorgan lowered its price target on the stock to $120 per share from $125 but said it's standing by its overweight rating. Bank of America reiterates Block as buy Bank of America said investors should buy the dip in shares of the company formerly known as Square. Morgan Stanley reiterates Microsoft as overweight Morgan Stanley said it's standing by its overweight rating on Microsoft shares.

Persons: Wells, Wells Fargo, Jefferies, Tesla, it's, Skechers, Daiwa, JPMorgan downgrades Corning, JPMorgan, TD Cowen, O'Reilly, Cowen, Morgan Stanley Organizations: UBS, Bank of America, Apple, of America, Apple Services, Google, DOJ, Citi, Huawei, JPMorgan, Disney, ESPN, Arts, EA, " Bank of America, Trust, Northern Trust, Holdings, Juniper Networks, Enterprise, Microsoft Locations: North America, China, Hulu, Juniper, Corning

☆ Generative AI needs tools to avoid copyright infringement, Databricks' Naveen Rao says — or more companies could meet Napster's fate
▼ + stars: | 2023-10-10 | by ( Ellen Thomas | ) www.businessinsider.com time to read: +4 min

Naveen Rao is VP of Generative AI at Databricks and co-founder of LLM-training platform MosaicML. Rao says copyright infringement could prevent companies from successfully monetizing AI. Rao, who oversees generative AI strategy for Databricks after it bought his startup MosaicML for $1.3 billion, likens it to the issue that crushed Napster, the 2000s-era music-sharing platform. "We build tools that enable companies to differentiate their AI from everyone else's and leverage their data uniquely," Rao told Insider. The more people building generative AI technology the better, Rao says.

Persons: Naveen Rao, Rao, —, ChatGPT, Jodi Picoult, George R.R, Martin, OpenAI, he's Organizations: Service, Napster, Apple, iTunes, Thrones, Metallica, Qualcomm, Intel

☆ The out-of-control spread of fake news about the Israel-Gaza conflict on X is 'a direct result of Musk's policies,' misinformation expert says
▼ + stars: | 2023-10-10 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +5 min

The rampant spread is "a direct result of Musk's policies," a misinformation expert told Insider. "The fact that people with verified accounts can monetize their content means they have the wrong incentive," he said. "They're incentivized to spread content that's going to get engagement, clicks, and ultimately make them money. Even if you keep saying don't trust verified accounts, it's still difficult for people to navigate that landscape." Van der Linden said although misinformation was also present on Twitter before Musk's time, the platform used to have better resources to tackle it.

Persons: —, Linda Yaccarino, Elon Musk, Musk, Sander van der Linden, Van der Linden, van der Linden, it's, Stanford, Alex Stamos, der Linden, They're Organizations: Service, Hamas, Cambridge Social, University of Cambridge, Twitter Locations: Gaza, Israel, Egypt

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