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Boeing is back in the headlines for all the wrong reasons again after the Alaska Airlines 737 Max 9 incident. Boeing workers participating in a "Quality Stand Down" at Boeing's 737 Max factory in Renton, Washington on January 25, 2024. One of the first Boeing 737 Max jets on the production line at the company's manufacturing facility in Renton, Washington, U.S., on Monday, Dec. 7, 2015. The airlines around the world that have already bought Boeing planes basically need to keep using those models, whatever the problems. Commercial pilots are certified on specific models and are not able to easily move from single-aisle to widebody versions of Boeing jets, let alone between a Boeing and an Airbus jet.
Persons: I’m, Dave Calhoun, we’ve, , , Calhoun, Max, Jason Redmond, Stan Deal, Ed Pierson, McDonell Douglas, Critics, ” Ron Epstein, McDonnell Douglas, Jim McNerney, Tammy Duckworth, Aaron Schwartz, ‘ We’re, Richard Aboulafia, Joshua Drake, Boeing Calhoun, Bank of America’s Epstein, it’s, Pierson, Max ”, Robert Clifford, people’s, ” Calhoun, David Ryder, Aboulafia, Boeing’s Organizations: New, New York CNN, Boeing, Alaska Airlines, National Safety Transportation Board, Pilots, Max, Alaska Air, Getty, Foundation for Aviation Safety, CNN, “ Boeing, Bank of America, General Electric, Procter, Gamble, McKinsey, Co, GE, Associated, Pentagon, Capitol, FAA, Airbus, Joshua Drake Photography, Blackstone Group, Nielsen, Bank of, Aviation, Bloomberg, Ethiopian Aircraft Accident, US National Transportation Safety Board, Internal Locations: New York, Renton , Washington, AFP, Alaska, Soviet Union, Pacific, Chicago, Seattle, Washington, DC, Mobile , Alabama, Wichita, Oklahoma, Carolina, South Carolina, Calhoun, Indonesia, Ethiopia, Renton , Washington , U.S
China is building its own AI at a rapid pace
  + stars: | 2024-01-30 | by ( Tom Carter | ) www.businessinsider.com   time to read: +3 min
Chinese tech giants are racing to catch up with US firms like OpenAI in the AI arms race. Over 40 AI models have been approved for public use by the government, per local news reports. China has tight controls on AI , with tech companies required to "adhere to socialist values." Unlike their US rivals, Chinese companies that develop their own chatbots face political as well as technological challenges. That has meant that many of the country's most advanced AI models have a tendency to avoid sensitive topics, such as the status of Taiwan.
Persons: , Ernie, OpenAI's, Bytedance, China's, Ernie Bot Organizations: Service, Reuters, Baidu, Google, Apple, Huawei, Xiaomi, Bloomberg Locations: China, Taiwan
Read previewThere's a lot of hype around the new Apple Vision Pro ahead of its launch in the US this Friday. AdvertisementIt's great for entertainment like watching movies …Reviewers seemed to have a positive experience watching movies on the Vision Pro. Spoonauer felt he "could see myself taking the Vision Pro on business trips and using it back at the hotel." "Other headsets have eye tracking and hand tracking, but none have the combination working as smoothly, subtly and intuitively as the Vision Pro," he wrote. Patel called the Vision Pro "a VR headset masquerading as an AR headset."
Persons: , preorders, MacRumors, Nilay Patel, Mark Spoonauer, Joanna Stern, CNET's Scott Stein, Patel, Stein, Stern, There's, CNBC's Todd Haselton, Spoonauer, peck, Haselton, Slack, it's, I've Organizations: Service, Apple Vision, Apple, Business, Meta, Vision, Meta Quest Locations: visionOS
Read previewThe new home of the Los Angeles Clippers will be outfitted with over 1,000 toilets once the arena is finished. It's all thanks to former Microsoft CEO/team owner Steve Ballmer and his obsession with toilets. Related stories"I've become a real obsessive about toilets," Ballmer said that year. "Toilets, toilets, toilets." Now thanks to his obsession, Clippers fans won't have to worry about missing precious minutes of the game searching and waiting for the bathroom.
Persons: , Steve Ballmer, Ballmer, He's, I've Organizations: Service, Los Angeles Clippers, Business, Microsoft, Intuit, NBA, ESPN, Bloomberg, Clippers
By Raneen SawaftaWEST BANK/GAZA/DOHA (Reuters) -Hamas said on Tuesday it would study a new ceasefire proposal in the war with Israel in Gaza, hours after Israeli commandos killed three Palestinian militants in a raid on a hospital in the occupied West Bank. The raid underscored the risk of the Gaza war spreading to other fronts, while Israeli forces fought new battles with Hamas fighters in the Palestinian enclave. The Israeli undercover squad broke into the hospital, headed to the third floor and killed them using silenced pistols, hospital sources said. Since then, 26,751 Palestinians have been killed and 65,636 wounded by Israeli actions in Gaza, the Gaza health ministry said. TANKS IN ACTIONIsrael mounted a new push in northern Gaza after earlier reporting successes against Palestinian militants there.
Persons: Ismail Haniyeh, Haniyeh, William Burns, Qatar's, Islamic Jihad, Ibn Sina, Mohammad, Najy Nazzal, Mai Alkaila, Mohammed Jalamneh, Israel, Christian Lindmeier, Alkaila, Al Shifa, Khan Younis, Crescent, Ari Rabinovitch, Daniel Williams, Nidal Al Mughrabi, Ali Sawafta, Emma Farge, Angus MacSwan, Timothy Heritage, Gareth Jones Organizations: BANK, Reuters, West Bank, CIA, Islamic, Hamas, Basel Al, Palestinian Health, United Nations, World Health Organization, WHO, Nasser, Health, Palestinian, Residents, Deir Al, Al, Amal Locations: GAZA, DOHA, Israel, Gaza, Paris, Cairo, Ibn Sina, Jenin, Basel, Geneva, Beach, Al, Israeli, Kuwaiti, Gaza City, Deir, Jerusalem, Doha, Ramallah, Clauda, Dubai
Read previewElon Musk has compared the AI arms race to a high stakes game of poker, with companies needing to spend billions on AI hardware just to stay competitive. "Tesla will spend more than that on Nvidia hardware this year. The table stakes for being competitive in AI are at least several billion dollars per year at this point," he added. AdvertisementThe billionaire previously said on X that Tesla is an AI and robotics company rather than a carmaker. In a post on X, he said he was "uncomfortable" building up Tesla's AI capacity without having more control of the company.
Persons: , Elon, Tesla, Mark Zuckerberg, Musk Organizations: Service, Business, Nvidia, eBay, AMD, SpaceX
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewMark Zuckerberg has been steering the ship since he cofounded Facebook almost 20 years ago. Unlike some of the other founding fathers of major tech firms, the Meta CEO has not yet handed over the reins to someone else. This story is available exclusively to Business Insider subscribers. Meta didn't respond to a request for comment from Business Insider.
Persons: , Mark Zuckerberg, Jeff Bezos, Larry Page, Zuckerberg, Josh Edelson, Linette Lopez, Andrew Bosworth, it's, It's, Bill Gates, Warren Buffett Organizations: Service, Facebook, Business, Meta, Getty, Bloomberg, Reality Labs, Microsoft, Berkshire Hathaway Locations: AFP, Berkshire
"For those of you younger than us who did not live through the Tech Bubble of the late 1990s, you are now living through Tech Bubble 2.0. As a reminder, the NASDAQ fell about 80% when that bubble burst in the mild recession of the early 2000s," Wolfenbarger said. AdvertisementThere is evidence that backs up Wolfenbarger's bubble claims, starting with fairly standard valuation measures like the Shiller cyclically-adjusted price-to-earnings ratio. While it's not as high as it was during the dot-com bubble, it's higher than it was in 1929 — and is at one of its most elevated levels in history. Bank of AmericaAs for what will finally deflate the bubble, Wolfenbarger is expecting a recession to hit the US economy.
Persons: , Microsoft —, Jon Wolfenbarger, Merrill Lynch, Wolfenbarger, it's, America's Michael Hartnett, Louis Fed Wolfenbarger, Jeremy Grantham, Adam Karr, Orbis Investment Management Karr, It's Organizations: Service, Apple, Nvidia, Microsoft, Business, JPMorgan, ClearBridge, Tech, NASDAQ, ClearBridge Investments Bank, America's, Bank of America, Bank of America's Global, Institute for Supply Management's Manufacturing, Orbis Investment Management, Global Fund, Federal Reserve Locations: Japan
That verdict is still being appealed, and Trump within minutes of Friday’s verdict declared he will appeal this one as well. Carroll proved to jury she suffered harm from Trump’s defamatory statementsIt didn’t take the jury long to return a verdict against Trump, with deliberations lasting less than three hours. Trump’s attorney argued that Carroll would have received hateful messages when she wrote her story no matter what Trump said. “But President Trump should not have to pay for their threats. “You are on the verge of spending some time in the lock up, now sit down,” he said to Trump’s attorney.
Persons: Donald Trump, Jean Carroll, Trump, Carroll, Donald, ” Carroll, Roberta Kaplan, Joe Biden, Will Carroll, ” Trump, Boris Epshteyn, Alina Habba’s, Judge Lewis Kaplan, Shawn Crowley, , ” Habba, , Judge, admonishes, Judge Kaplan, Habba, Kaplan, ” Kaplan, it’s Organizations: CNN, White, Republican, Trump, Democratic, LaGuardia Airport Locations: New York, United, American
Former U.S. President Donald Trump departs for his second civil trial after E. Jean Carroll accused Trump of raping her decades ago, outside a Trump Tower in the Manhattan borough of New York City, U.S., January 26, 2024. "The record will reflect that Mr. Trump just rose and walked out of the courtroom," said Judge Lewis Kaplan. Trump's comments have sparked death threats and vicious emails and tweets directed at Carroll, the lawyer said. "You are not going to use a slide to represent how many tweets there were, you are not using that slide, period," Judge Kaplan said. Carroll's lawyers have complained during the trial about Trump making comments that were audible to jurors while sitting with his attorneys at the defense table.
Persons: Donald Trump, Jean Carroll, Trump, Lewis Kaplan, Roberta Kaplan, defaming Carroll, Donald J, Kaplan, Alina Habba, Judge Kaplan, Carroll, Habba Organizations: U.S, Trump, Carroll, United Locations: Manhattan, New York City, U.S, New York, United States
In addition to his two losses in the Carroll cases, Trump faces civil penalties in a case in New York, where a judge has already determined that Trump inflated his net worth to win better financing terms. In both the New York and the second Carroll case, Trump has made theatrical appearances and remarks. The Best Cartoons on Donald Trump View All 272 ImagesIn the Carroll case, Trump stormed out of the courtroom during closing arguments and was chastised by the judge for interrupting while his own lawyer, Alina Habba, was speaking. The initial Carroll verdict came as something of a surprise. Haley earlier in the month said she had not "looked at" the Carroll case.
Persons: E, Jean Carroll –, Carroll, Donald Trump, Trump's tantrums, Trump, defaming Carroll, Roberta Kaplan, District Judge Lewis Kaplan, Hillary Clinton, Letitia James, Arthur Engoran, Jan, Joe Biden, Engoran, Alina Habba, Carroll –, Judge Kaplan, Kaplan, A.J, Delgado, Nikki Haley, Trump's, “ Donald Trump’s, ” Haley, Nachama Soloveichik, Haley, Biden, Witch Hunt Organizations: U.S, District, Trump, Democratic, Senate, Republicans, New, Donald Trump View, Carroll, Capitol, United Nations, Republican Party Locations: New York, New York , Florida, Georgia, Lago, Florida, York
Sexually explicit AI-created images of Taylor Swift went viral on X this week. Posting on X on Thursday, he wrote: "The spread of AI-generated explicit images of Taylor Swift is appalling — and sadly, it's happening to women everywhere, every day." The spread of AI-generated explicit images of Taylor Swift is appalling—and sadly, it's happening to women everywhere, every day. What’s happened to Taylor Swift is nothing new. (The Daily Mail has reported that her team is considering legal action against the site that created the AI-generated images.)
Persons: Taylor Swift, It's, , Swift, Joe Biden, Joseph Morelle, Morelle, Joe Morelle, Tom Kean Jr, Yvette D, Clarke, — Yvette D Organizations: Service, NFL, NBC News, New Hampshire, Democratic, Committee, Republican, Business, Daily Mail Locations: @RepYvetteClarke
Swifties are furious with Elon Musk's X after AI-generated explicit images of the singer went viral. Fans of Taylor Swift are expressing their fury on the billionaire's social media platform X after graphic AI-generated images of the pop superstar went viral on the site. "Posting Non-Consensual Nudity (NCN) images is strictly prohibited on X and we have a zero-tolerance policy towards such content. The rising availability of AI image generators has fueled concerns that they could be used to create "deepfake" naked images of women. X did not immediately respond to a request for comment from Business Insider, made outside normal working hours.
Persons: Swifties, Elon Musk's, , Elon, Taylor Swift, Swift, Taylor, Musk, schoolgirls Organizations: Service, Media, Business Locations: Spain
The cuts will affect around 700 employees, The Wall Street Journal reported. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The layoffs are the latest in a wave of cuts sweeping the tech industry this month. More than 20,000 tech workers across 80 companies have been affected by job cuts in the first month of the year, according to tracker Layoffs.fyi . January is historically a common month for layoffs as companies adjust budgets and plans for the new year.
Persons: Salesforce, , Marc Benioff's, Sundar Pichai Organizations: Street Journal, Service, Business, Industry, Google, Tech
Read previewA federal jury has agreed Friday that Donald Trump must pay E. Jean Carroll $83.3 million for defaming her. The unanimous jury verdict in Manhattan comes as Trump remains the frontrunner for the 2024 Republican presidential nomination for a likely rematch with President Joe Biden in November. "We're very happy," Carroll's attorney, Roberta Kaplan, told Business Insider soon after the verdict was read. Judge Kaplan forbade Trump or his attorneys from arguing that he didn't sexually assault Carroll. In his jury instructions, Judge Kaplan reminded the nine New Yorkers sitting there that they must accept Trump's sexual assault as an already-established fact.
Persons: , Donald Trump, Jean Carroll, Trump's, Trump, Joe Biden, Roberta Kaplan, Carroll, Kaplan, Shawn Crowley, Alina Habba, Elle, Carroll's, Bergdorf Goodman, Jessica Leeds, Natasha Storynoff, defaming Carroll, Ashlee Humphries, Mary Altaffer, Judge Kaplan, buttoned, Forbes, Habba, Judge Kaplan chastising, Carroll —, Crowley, United States —, jolted Organizations: Service, Business, US Justice Department, Circuit, Appeals, Trump, Trump —, AP, New, Yorkers, Court, of, Constitution Locations: Manhattan, Trump, New York, Southern, of New York, United States
Donald Trump’s victory over Nikki Haley in the New Hampshire primary made two things clear: The MAGA wing of the G.O.P. is ready for his coronation, while anti-Trump Republicans believe the race is far from over. From inside Trump’s victory party on Tuesday night, we hear from supporters of the former president and from the stars of his orbit, who see themselves as being on the verge of “obliterating the establishment.” And from Tim Draper, a billionaire venture capitalist who is backing Haley. About ‘The Run-Up’“The Run-Up” is your guide to understanding the 2024 election. New episodes on Thursdays.
Persons: Donald Trump’s, Nikki Haley, Tim Draper, Haley, Herndon Organizations: Trump Republicans, New York Times Locations: New Hampshire
Elon Musk said Tesla engineers will have to sleep on the production line to build the company's next-gen EV. Tesla workers have previously said they slept on factory floors during production ramp-ups. AdvertisementElon Musk warned Tesla workers to prepare themselves for a challenging production ramp-up as he previewed plans to build a mass-market vehicle. AdvertisementIt wouldn't be the first time that Tesla workers have reportedly had to sleep on manufacturing lines to meet the company's production deadlines. Tesla workers could face a heightened form of what Musk previously dubbed as "production hell" during Tesla's 2017 Model 3 ramp-up.
Persons: Elon Musk, Tesla, , Elon, Musk, Tesla's Organizations: Service, Reuters, EV, BYD, Business Locations: Texas, Tesla's
About 10 Google employees from its office in Seoul have accepted the company's suggestion to resign, the report said. Around 100 Google workers in Korea formed a union last year due to mounting concerns over the industry-wide layoffs in the US. "With the ongoing job cuts within the US tech industry, employees have been concerned about their job security and decided to establish a union," Kim Jong-sub, head of the Google Korea union, told Korea Herald last April. Google laid off 12,000 employees in 2023 — about 6% of its headcount — and it's continuing to make job cuts this year. A total of 262,595 employees were laid off from 1,186 tech companies in 2023, Layoffs.fyi, which tracks job cuts, showed.
Persons: KangNam, Bongsoo Jung, Kim Jong, Sundar Pichai, Hugh Langley, Google didn't Organizations: Service, Google, Korea JoongAng Daily, Business, Google Korea, Korea Herald, Korea Locations: South Korea, Korea, Seoul
On December 22, the UN Security Council passed a resolution calling for further extended humanitarian pauses to allow more aid into Gaza. People carry some of their belongings as they walk to Rafah in the southern Gaza Strip on January 4, fleeing central Gaza. But even as foreign aid to Gaza rose in the wake of the Hamas takeover, the amount of aid fluctuates annually, OECD data shows. In 2018, the Trump administration cut about $200 million in Palestinian aid and halted contributions to UNRWA. Medicine for Israeli hostages and Palestinians entered Gaza last Wednesday after Qatar brokered a deal with Israel and Hamas.
Persons: Khan Younis, , Majdi, Fatah, Mohammed Abed, , Yara Asi, Israel, René Wildangel, Wildangel, ” Asi, Trump, Biden, Benjamin Netanyahu, , Netanyahu Organizations: CNN, United Nations, West Bank, UN Office, Humanitarian Affairs, Service, Aid, World Health Organization, UN Relief and Works Agency for Palestinian Refugees, Israel, Israel Defense Forces, UN, Assembly, UNRWA, IDF, UN Security, World Food, Palestinian, Statistics, World Bank, Palestine Liberation Organization, PLO, Palestinian Authority, Hamas, West Bank ., Getty, University of Central, , International Hellenic University, Amnesty, Palestinian Central Bureau, European Union, Organization for Economic Co, Development, Obama, Qatar Locations: Israel, Gaza, East Jerusalem, UN, Rafah, South Africa, Oslo Accords, AFP, Palestine, University of Central Florida, Oslo, Thessaloniki, Greece, United States, Europe, Qatar
Some images on X were labeled as "graphic content" due to a "scam bot," Elon Musk said. It's the latest technical problem to hit X since Musk took control of the social media site. The social media site said numerous posts were "incorrectly labeled" as "sensitive media" in the latest technical problem, which Elon Musk blamed on a "spam/scam bot." pic.twitter.com/hpvzMBPwxS — Josiah Kennealy (@JosiahKennealy) January 21, 2024Musk acknowledged the issues in an X post , writing that "an X spam/scam bot accidentally flagged many legitimate accounts today. We've fixed the underlying issue and are now working to remove labels from impacted posts," X said.
Persons: Elon Musk, Musk, , hpvzMBPwxS, Josiah Kennealy Organizations: Service
Opinion: Our possibly short national nightmare
  + stars: | 2024-01-21 | by ( Richard Galant | ) edition.cnn.com   time to read: +19 min
“My fellow Americans, our long national nightmare is over,” President Gerald Ford said. “Our campaign is the last best hope of stopping the Trump-Biden nightmare,” the former UN ambassador said. If not, it won’t be as protracted a “national nightmare” as the two-year-long Watergate scandal that put Gerald Ford in the Oval Office. Though, depending on your point of view, the real nightmare could begin after the swearing-in. Yet, John Avlon wrote, Trump and some members of the House GOP, want to tank an emerging compromise in the Senate that would couple border security measures with aid to Ukraine.
Persons: CNN —, Richard Nixon, , Gerald Ford, Ford, Gerald Ford’s, Nikki Haley, Joe Biden, Donald Trump, Clay Jones, we’ll, Haley, MAGA, , Frida Ghitis, Trump, ” Haley, ” Trump, Patrick T, Brown, Daniel McCarthy isn’t, Donald Trump’s, Ron DeSantis, Vivek Ramaswamy, ” Nick Anderson, Biden isn’t, Dean Phillips, Cupp, Biden, ” Dana Summers, Karen Finney, Robert E, Lee, ” Finney, , Keith Magee, Julian Zelizer, Trump Samuel L, Adams, King David Border, Adolf Hitler, “ Mein, Paul Moses, Edward Alsworth Ross, Moses, Ross, … ”, — Hitler’s, It’s, who’ve, John Avlon, Scott Stantis, Mike Johnson, Alice Driver, Greg Abbott’s, Jean Carroll, Bill Bramhall, News Trump, Carroll, Danielle Campoamor, “ Carroll, , she’s, Shawn Crowley, Robert C, Gottlieb, ” “, Jack Ohman, Gerald Auten, David Splinter, Jordan McGillis, Thomas Piketty, Emmanuel Saez, Gabriel Zucman, McGillis, Melissa Kearney, ” Elise Gould, Josh Bivens, ” Elisabeth Kendall, Peter Bergen, ” Kendall, Sheena McKenzie, Izzeldin Abuelaish, Peter Rutland, Israel ’, Nafees Hamid, Walt Handelsman, Sara Stewart, Katherine Heigl, Jill Filipovic, Jeremy Allen White, J, Chen, Suzanne Nossel, Jade McGlynn, Holly Thomas, Estee Lauder, mascara, don’t, ” Thomas Organizations: CNN, Netflix, Trump, Biden, UN, New, Republican, Florida Gov, South Carolina Gov, GOP, Democratic, New Hampshire, Agency, Aggression, CNN Town Hall, American Sociological Association, , ified GOP, Texas Gov, News, Brookings, Social, Administration, US, Cambridge University’s Girton College, Wesleyan University, Palestine, Times Locations: Republic, Iowa, New Hampshire, Minnesota, New, Virginia, North Carolina, mealtimes, curriculums, America, Ukraine, New York, Manhattan, Yemeni, Red, Gaza, Israel, Americas
It went across all visual types.”Elizabeth Alexander recites a poem during President Obama's swearing-in ceremonies at the US Capitol on January 20, 2009. She had grown up in DC, and that inauguration day was a homecoming for her. “I’m sure that some people expected too much,” says Wear, the former Obama campaign worker, of Obama’s vision. The fact of the matter is, that (inauguration) day happened, and millions of people were there. We will have a better idea on another inauguration day — in January of 2025.
Persons: Elizabeth Alexander, Barack Hussein Obama, Alexander, ” Alexander, Muhammad Ali, Aretha Franklin, Elie Wiesel, John Lewis, Colin Powell, , , , Obama's, Ron Edmonds, Obama, Obama’s, Martin Luther King Jr, Donald Trump’s, , Trump's, Joe Biden, Jon Cherry, Ed Wolf, Wolf, Barack Hussein Obama —, Barack Obama, Alex Wong, ‘ Hussein, “ Wolf, Clifford L, Alexander Jr, George W, Bush, Laura, Michelle, Tannen Maury, Ronald Reagan, Trump, ” Vivek Ramaswamy, Donald Trump, Alexi J . Rosenfeld, Thomas Sowell, speck, it’s, Shepard, Robert Daemmrich, ” Obama, Michael Wear, John McCain, McCain, ” McCain, we’ve, Mandel Ngan, ” Trump, Nehisi Coates, Coates, Hope ’, ” Coates, , didn’t, ” Wolf, Emmanuel Dunand, “ We’re, hasn’t, Obama — we’re, Rebecca Solnit, John Blake Organizations: CNN, Yale University, Capitol, AP, Confederate, Trump, Rochester Institute of Technology, Metro, Washington, Army, Getty, United, White, Whites, GOP, Republican, Obama, Democratic, Mellon Foundation Locations: Washington ,, America, Russia, Japan, Kenya, American, New York, United States, AFP, Kansas, New York City, Balkans, Minnesota, Arizona, Washington, San Francisco, Michigan, Norfolk , Virginia, Hope
Much of today's most popular AI models, such as OpenAI's GPT-4, are trained on what's publicly available on the internet. It's worth noting that AI models exist today that are pretty effective at generating images, but these are text-to-image models, like Midjourney and Stable Diffusion. Koller also sees issues with today's LLMs. This isn't the first time doubts have been raised about the capacity of today's AI models. Steve Jennings/Getty Images for TechCrunchThis is not to say today's LLMs are useless.
Persons: , OpenAI's ChatGPT, Bill Gates, Daphne Koller, MacArthur, Koller, Neilson Barnard, chatbots, Yann LeCun, , today's LLMs, LLMs, that's, Kai, Fu Lee, Steve Jennings Organizations: Economic, Service, Big Tech titans, Google, Microsoft, Getty, Meta Locations: Davos, Switzerland, today's, silico
Meta CEO Mark Zuckerberg upped the ante this week by disclosing how many of these graphics processing units Meta will have by the end of 2024. AdvertisementTo that end, Meta will have purchased about 350,000 Nvidia H100 GPUs by the end of 2024. And overall the company will own roughly 600,000 of these types of chips, if you include other similar GPUs, Zuckerberg noted. A single Nvidia H100 GPU is estimated to cost about $30,000 although other estimates put the cost as high as $40,000. And similar GPUs from other providers may be cheaper than Nvidia's offerings.
Persons: , Mark Zuckerberg, Zuckerberg, Meta, Meta's Ray Organizations: Service, Business, Meta, Nvidia, AMD, Reality Labs, AIs, Employees
Wall Street is on the verge of confirming a new bull market has begun, and these stocks could be the next big winners. Here's the criteria: Average analysts' forecasts imply at least 15% upside moving forward. Average analysts' forecasts imply more than 15% upside moving forward. Analysts think the stock can climb even higher, with their average forecasts implying nearly 22% upside moving forward. Analysts forecast a further 21% upside moving forward.
Persons: Stocks, Jane Fraser's, Conor Cunningham, Wells Organizations: Nasdaq, CNBC, Financial, Citigroup, Citi, Shipping, FedEx, Analysts, Melius Research, JBL, L3Harris Technologies
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