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☆ Databricks tells investors annualized revenue will reach $2.4 billion at midway point of year
▼ + stars: | 2024-06-12 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Ali Ghodsi, co-founder and CEO of Databricks, speaks at a press conference at Databricks' Data and AI Summit in San Francisco on June 12, 2024. Databricks, the data analytics software vendor that's among the most richly valued private U.S. tech companies, told investors on Wednesday that annualized revenue will reach $2.4 billion by the midpoint of this year. In April, security software company Rubrik debuted on the New York Stock Exchange. In March, the company told media outlets outlets that it generated $1.6 billion in revenue for the year ending Jan. 31, up more than 50% year over year. Last week Databricks said it was paying over $1 billion to buy Tabular, a startup whose founders created Iceberg.

Persons: Ali Ghodsi, Dave Conte, I've, Conte, Rubrik, Conte didn't, Databricks, Ghodsi, Snowflake Organizations: Databricks, Summit, New York Stock Exchange, NYSE, CNBC Locations: San Francisco

Millions around the world caught a glimpse of the North Korean men’s team in two World Cups. The secrecy surrounding the North Korean national team was also evident in the case of star player Han Kwang Song. Carl Recine/Action Images/ReutersEarning respectWhen An joined the North Korean national team upon receiving a call-up letter in 2002, he remembers not being immediately accepted by teammates. To be accepted by the squad, newcomer An had to prove himself to the other North Korean players. Although, as fate would have it, An met his former teammate and current manager of the North Korean national team, Sin Yong Nam, last March.

Persons: –, Yong Hak, Han Kwang, Han, “, ”, Yong, Son Heung, Pak Kwang, Choe, I’ll, ” Han, Yong Nam, ‘ It’s, ’ ”, “ Han’s, ‘, …, Kim Jong Hun, Jong Tae, Philip Fong, Kim, Jong Tae Se, Carl Recine, didn’t, Sin Yong Nam, Sin Organizations: CNN, Korean men’s, CNN Sport, North, Korean, Juventus, Qatari, Al, UN, North Korean, –, SC, Cagliari, South, Tottenham Hotspur, Radio Free Asia, Tokyo's, Getty, Portugal, DPRK, Thailand Locations: North Korea’s, East, Italy, Middlesbrough, England, South Africa, Portugal, North Korean, Japan, Qatar, North Korea, Myanmar, China, Pyongyang, South Korea, Austria, Tokyo, DPRK, Brazil, Ivory Coast, Korean, AFP, Korea

☆ Nuclear Power Is Hard. A Climate-Minded Billionaire Wants to Make It Easier.
▼ + stars: | 2024-06-11 | by ( Brad Plumer | Benjamin Rasmussen | ) www.nytimes.com time to read: +1 min

Outside a small coal town in southwest Wyoming, a multibillion-dollar effort to build the first in a new generation of American nuclear power plants is underway. Workers began construction on Tuesday on a novel type of nuclear reactor meant to be smaller and cheaper than the hulking reactors of old and designed to produce electricity without the carbon dioxide that is rapidly heating the planet. The reactor being built by TerraPower, a start-up, won’t be finished until 2030 at the earliest and faces daunting obstacles. The Nuclear Regulatory Commission hasn’t yet approved the design, and the company will have to overcome the inevitable delays and cost overruns that have doomed countless nuclear projects before. Bill Gates, currently ranked as the seventh-richest person in the world, has poured more than $1 billion of his fortune into TerraPower, an amount that he expects to increase.

Persons: won’t, Bill Gates Organizations: Workers, Nuclear Regulatory Commission Locations: Wyoming

☆ Powerball: New Year’s Day $842 million jackpot winner was just announced in Michigan
▼ + stars: | 2024-06-11 | by ( Alisha Ebrahimji | ) edition.cnn.com time to read: +2 min

CNN —The second-largest lottery prize ever won in Michigan has just been claimed after a New Year’s Day drawing – solving a six-month mystery. The Michigan Lottery announced a group called The Breakfast Club as the winner of an $842 million Powerball jackpot. An attorney representing the lottery club spoke on their behalf but didn’t say how many members are part of the group. “The club members have felt many emotions since realizing their ticket was the one,” the group’s attorney said. The Breakfast Club members are recipients of the sixth-largest Powerball prize ever won.

Persons: “ They’ve, They’ve, “, ” Organizations: CNN, Michigan Lottery, ” Group, Breakfast Locations: Michigan, Grand Blanc

☆ From hiking to exploring arts and inspired cuisine, enrich your Hong Kong "bizcation" itinerary with these daytime activities between meetings
▼ + stars: | 2024-06-11 | by ( Sponsor Post | ) www.businessinsider.com time to read: +7 min

Hong Kong is known as a global center of trade and finance, but the city has much more to offer. Here are some must-do daytime experiences to check out between meetings and conferences, transforming your time in Hong Kong from "work trip" to an enriching "bizcation." Sample daytime bizcation itinerary Grab a plastic stool at Shui Kee Coffee to try some of the city's best French toast and Hong Kong milk tea. Find inspiration in Hong Kong's colorful art sceneThere are dozens of museums sprinkled around Hong Kong, but M+ is arguably its most impressive. Hong Kong Tourism BoardIf you're looking for a quiet escape, hop on a ferry to Cheung Chau, a much-loved getaway for Hong Kongers.

Persons: Shui Kee Coffee, Qing, it's, It's, Yau Ma, HKwalls, Ling Lane, Chan Lane, Chung, you've, Wong Tai, Nan Lian Garden, Tai, Hing, Get, Cheung Chau, Hong Kongers, Yang Organizations: Shui, Kowloon Cultural, Hong, Hong Kong Palace Museum, . Hong Kong Tourism Board, Art, Hollywood, Lin, Hong Kong Tourism Board, Hing Kee, Michelin, Rosewood Hong, Insider Studios Locations: Hong Kong, Shui Kee, Kowloon, Victoria Harbour, Hong Kong Palace, Jordan, . Hong Kong, Sai Ying, Wong Tai Sin, Mo, Sheung Wan, Tai Sin, Hing Kee Shanghai, Cheung

☆ Billionaire investor Ryan Cohen beats Bed Bath & Beyond shareholder lawsuit
▼ + stars: | 2024-06-11 | by ( ) www.cnbc.com time to read: +2 min

Signage is displayed outside a permanently closed Bed Bath & Beyond retail store in Hawthorne, California, on May 1, 2023. The billionaire activist investor Ryan Cohen won the dismissal on Tuesday of a shareholder lawsuit accusing him of profitably cashing out of Bed Bath & Beyond shares too quickly as the home goods retailer was hurtling toward bankruptcy. Cohen revealed a 9.8% stake in Bed Bath & Beyond in March 2022 and pushed for changes that would include new directors and exploring a sale of the Buy Buy Baby brand. Bed Bath filed for bankruptcy in April 2023, and its common shares were canceled when its Chapter 11 plan became effective in September. The case is In re Bed Bath & Beyond Inc Section 16(b) Litigation, U.S. District Court, Southern District of New York, No.

Persons: Ryan Cohen, Dale Ho, Cohen, Lee Squitieri, Dave Wollmuth, Ho, Todd Augenbaum, Judith Cohen Organizations: Bed, U.S, GameStop, Forbes, Court, Southern District of Locations: Hawthorne , California, Manhattan, Chewy, Bed Bath, Southern District, Southern District of New York

☆ Nvidia is making a ton of money. Now, main supplier TSMC may charge Jensen Huang more for chips.
▼ + stars: | 2024-06-10 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

Now, key supplier Taiwan Semiconductor Manufacturing Company, or TSMC, appears to want in on the hype. "I did complain to Nvidia's CEO Jensen Huang — the 'three trillion guy' — that his products are so expensive," CC Wei, TSMC's CEO, said last week, per Nikkei. TSMC has already indicated price hikes for production outside of TaiwanIt isn't the first time this year that TSMC has signaled a price hike. AdvertisementIn April, Wei said the company plans to charge customers more if they want their chips made outside Taiwan. "In today's fragmented globalization environment, costs will be higher for everyone, including TSMC, our customers, our competitors, and the entire semiconductor industry."

Persons: —, Jensen Huang, Jensen Huang —, Wei, TSMC, Nvidia's Huang doesn't, Huang, Morgan Stanley Organizations: Service, Taiwan Semiconductor Manufacturing Company, Wei, Business, Wall, NVIDIA, Nvidia, New Locations: TSMC, Taiwan, China, Beijing, Arizona, Japan, Germany, New Taiwan

☆ Lying on the floor can help you feel less overwhelmed. Here's how to do it and why it works.
▼ + stars: | 2024-06-10 | by ( Nandini Maharaj | ) www.businessinsider.com time to read: +6 min

On TikTok, floor time involves sitting or lying on the floor to soothe yourself. We asked experts what they think about floor time and how it can help if you're anxious or overwhelmed. Lying on the floor can help you block out external stimuli, allowing your body time to reset, Wood said. As you're lying on the ground, "make sure your knees are at a 90-degree bend to support your lower half," she said. Alternatives to this practiceWhether you call it floor time or a corpse pose, lying on the floor may not be an option.

Persons: —, Dally, Nicole Wood, Wood, you've, Daryl Appleton, EdD, Appleton, Nandini Maharaj Organizations: Service, sniffed, Business, Research

☆ AI can't be trusted to do good work. I earn $500 an hour fixing its mistakes.
▼ + stars: | 2024-06-10 | by ( Bailey Varness | ) www.businessinsider.com time to read: +5 min

AI voices can't be directed to keep up with it. With AI voices, a video has already been produced, so I have to match the speed that AI created and still make it sound good. AI voices end up costing moreAI makes a lot of common mistakes. AI voices can give a casual, boring read that most marketers think will be fine, but they can't change tone or enthusiasm. AdvertisementBeware the legal ramifications of using AI voicesThere's also a good chance that if you're using an AI voice, it's been stolen.

Persons: —, It's, I've, There's, it's, NAVA, Bette Midler, Tom Waits, Bailey Varness Organizations: Service, Fortune, Business, SAG, National Association of Voice, Brand, Consulting

☆ 'Blew my mind': Investor says one key stat shows Nvidia is in it for the long haul
▼ + stars: | 2024-06-10 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

"The stat that really blew my mind is that the forecast cash flow for Nvidia for 2026 is higher than Microsoft ," Yuri Khodjamirian, CIO at Tema ETFs, told CNBC's Squawk Box Europe, emphasizing the remarkable growth trajectory of Nvidia. This projection is driven by the surging demand for Nvidia's AI chips, as software companies increasingly rely on these powerful processors to fuel their artificial intelligence models. The spending by software giants such as Microsoft , Amazon and Google is propelling the share prices of Nvidia and other semiconductor companies to new heights. NVDA 1Y line Khodjamirian noted that Nvidia is "setting the pace" in the industry with annual product announcements that competitors struggle to match. Ginsberg predicts that Fortune 500 companies will increasingly outsource their AI and algorithmic business to cloud service providers, benefiting companies like Google Cloud and Microsoft Cloud.

Persons: Yuri Khodjamirian, CNBC's, Nvidia's, Microsoft's –, Khodjamirian, Anthony Ginsberg, Ginsberg, Satya Nadella, Sundar Pichai Organizations: Nvidia, Microsoft, Google, Apple, Gins, Tech, CNBC Pro, Amazon Locations: America

☆ Apple AI: Today’s the day for Apple to reveal its next big thing
▼ + stars: | 2024-06-10 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +7 min

Here’s a closer look at what to expect at Apple’s big event:AI, AI and more AIApple is expected to call its AI initiative “Apple Intelligence” and make it opt-in only. A strategic partnershipIn the spring, Apple was reportedly discussing partnership opportunities with both OpenAI and Google to power its AI tools. That partnership Apple could elaborate on during the opening keynote on Monday. Apple aligning itself with a company and a technology that have yet to win public trust could pose some risks for Apple down the line. Generative AI could potentially propel the headset into another level of personalization and immersion and usher in new use cases for businesses, particularly in the education and medical spaces.

Persons: OpenAI, ”, Tim Cook, Dan Ives, Here’s, –, Siri, ” Thomas Husson, Forrester, Reece Hayden, Apple, ” Hayden, Hayden Organizations: California CNN, Developers Conference, Nvidia, ” Apple, Apple, Apple Intelligence, Bloomberg, CNN, ABI Research, Google, Fortune, Apple Vision, Gartner Locations: Cupertino, California, China, Washington

☆ Don’t Say ‘Elite’: Corporate Firms’ New Pitch Is Meritocracy
▼ + stars: | 2024-06-10 | by ( Sarah Kessler | ) www.nytimes.com time to read: +1 min

If you ask a graduating M.B.A. student, a prep school guidance counselor or the internet how to be hired at the global consulting firm McKinsey, you’re likely to find a list of prestigious “target schools” where it has consistently aimed its recruiting efforts. You know the ones — Harvard, Yale, Stanford. But these days, McKinsey would prefer a different answer. “Exceptional can come from anywhere,” its career website says. “Elite” has never sat well with many American institutions, but the word has taken a particular beating in recent years.

Persons: you’re, “, Katy George, Mckinsey’s, Fortune, Donald J, Trump, ” Organizations: McKinsey, Harvard, Yale, Stanford, “, Ivy League Graduates

☆ Trump’s Vegas Strategy: Run on Bad Luck
▼ + stars: | 2024-06-10 | by ( Jess Bidgood | ) www.nytimes.com time to read: 1 min

Keith Rose, a 64-year-old hot tub salesman, arrived at former President Donald Trump’s Las Vegas campaign rally yesterday wearing a necklace with a golden pendant shaped like a tiny horn. “It’s an Italian horn, a sign of luck,” Rose told me, although he clarified that, as a longtime Vegas resident who knows the house always wins, he does not believe in luck. “The odds are always going to be against you, no matter what,” he said. That’s the case for Trump these days, he added. He told Oprah Winfrey in the 1980s that there was no word more important than luck; he recently declared himself the personal good luck charm for the winner of the Miami Grand Prix.

Persons: Keith Rose, Donald Trump’s Las, It’s, ” Rose, ”, Oprah Winfrey Organizations: Vegas, Trump, Miami Grand Prix Locations: Donald Trump’s Las Vegas

☆ An inside look at the weekend the GameStop frenzy began on WallStreetBets
▼ + stars: | 2024-06-10 | by ( Nathaniel Popper | ) www.businessinsider.com time to read: +19 min

Like Tesla and Palantir, GameStop was a popular stock to short among hedge funds, though GameStop took it to a whole new level. "That's how I feel about these GME posts that are using the 'P' and get in so we can cause an 'S' words that are no-nos." That was enough to make WallStreetBets the seventh-largest holder of GameStop stock, ahead of some of the big Wall Street investment firms that had shown interest in the stock. AdvertisementOn WallStreetBets, Alzmann shared the growing evidence that Cohen was indeed planning to take a more active role at GameStop. AdvertisementBut when Cramer dug into the conversation happening around GameStop on WallStreetBets, he saw that something new and more sophisticated was happening.

Persons: GameStop, Jaime Rogozinski, Tesla, Jordan Zazzara, I've, Zazzara, Ryan Cohen, Andrew Left, ahem Citron, PLTR, here's, Citron, We're, WallStreetBets, Uberkikz11, I'm, Ryder, Rod Alzmann, Bolt, Alzmann, Kitty, Roaring Kitty, StockTwits, lockdowns, Nathaniel Popper, Harper Collins, Cohen, Jim Cramer, manipulatively, Cramer, who've, It's Organizations: GameStop, Sony, Business, Twitter, Gamestop, Virgin Galactic, Blockbuster, Netflix, Citron Research, Research, Vanguard, YouTube, Roaring, Roaring Kitty, Owls, WSB, shits, GME Owls, CNBC, Virgin, Street Books, HarperCollins Publishers, Misfits Locations: sweatpants, Tampa , Florida

☆ A seasoned real estate investor who's shifting his investment philosophy to be more mission-based explains how any investor can give back while still profiting: 'It doesn't have to be a zero-sum game'
▼ + stars: | 2024-06-09 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +7 min

With the newfound time, "I've thrown myself back into the real estate company," the early retiree told Business Insider. He understands the importance of cash flow but is also convinced that investors at earlier stages in their careers can give back to their communities while also turning a profit. "It's all just percentages: You don't have to give out 90% of your units for affordable housing, but you can do one. He purchased his first affordable housing unit — a single-family home in Fairfield, Alabama that he'll rent on a long-term basis to a Section 8 tenant — in 2023. AdvertisementIt won't cash flow as much as his Airbnb properties, he said, but it allows him to diversify his portfolio.

Persons: Matt, I've, wasn't, Kent, —, That's, haven't Organizations: Service, Business, Government Locations: New Hampshire, Diego, Fairfield , Alabama

☆ Apple prepares for its 2024 WWDC event
▼ + stars: | 2024-06-08 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +7 min

CNN —Apple is on the verge of kicking off perhaps its most important event in years as it faces a gauntlet of challenges. Apple is expected to team up with ChatGPT creator OpenAI Jaap Arriens/NurPhoto/Getty Images/FileA strategic partnershipIn the spring, Apple was reportedly discussing partnership opportunities with both OpenAI and Google to power its AI tools. But now the company is believed to have inked a deal with the ChatGPT creator, a partnership Apple could elaborate on during the opening keynote on Monday. Apple aligning itself with a company and a technology that have yet to win public trust could pose some risks for Apple down the line. Generative AI could potentially propel the headset into another level of personalization and immersion and usher in new use cases for businesses, particularly in the education and medical spaces.

Persons: OpenAI, ”, Tim Cook, Dan Ives, Here’s, Siri, Suzanne Plunkett, –, ” Thomas Husson, Forrester, Reece Hayden, OpenAI Jaap Arriens, Apple, ” Hayden, Hayden Organizations: CNN, Developers Conference, Nvidia, ” Apple, Apple, Apple Intelligence, Bloomberg, ABI Research, Google, Fortune, Apple Vision, Gartner Locations: China, Washington

☆ Opinion: How the era of the counterspy changed history
▼ + stars: | 2024-06-08 | by ( Opinion Tim Naftali | ) edition.cnn.com time to read: +12 min

First of all, their main job was to get false information to Adolf Hitler — rather than to steal Nazi secrets. And, secondly, some of these spies didn’t actually exist — they were completely made-up creations of British intelligence. But World War II would see a dramatic expansion of the offensive use of counterspies — not simply to prevent the enemy from knowing things but to actively deceive the enemy by planting disinformation. I also met the man who came up with the D-Day deception, Roger Fleetwood Hesketh, who was a trained architect. He told me that for the D-Day deception, codenamed Fortitude South, he had drawn on different talents.

Persons: Tim Naftali, Adolf Hitler —, didn’t, Counterespionage, —, Juan Pujol García, Garbo, Greta Garbo, ” —, Juan Pujol Garcia, Keith Waldegrave, ANL, ”, George Patton, Hitler, ” Hitler, Roger Fleetwood Hesketh, Alan Turing, counterspies, Anthony Blunt, Kim Philby, ’, Oleg Gordievsky, counterespionage, Robert Hanssen, Aldrich Ames, Hanssen, Ames, Mikhail Gorbachev Organizations: CNN, Columbia University’s School of International and Public Affairs, Tim Naftali New York University, Allied, Nazi, Army, Pas des Calais, Facebook, Strategic Services, German Wehrmacht, US National Archives, British, Soviets, US, Soviet Union, USSR Locations: France, Pas des, Pas des Calais —, Belgium, British, Berlin, Spanish, United Kingdom, Britain, Buckingham, Calais, Normandy, Tokyo, German, England, Liverpool, Europe, counterespionage, USSR, London, Washington, America, Soviet, Soviet Union

☆ Vigilante Hong Kong cabbies went undercover to ensnare illegal Uber drivers. It backfired
▼ + stars: | 2024-06-08 | by ( Chris Lau | ) edition.cnn.com time to read: +8 min

They are vigilante taxi drivers taking direct action, having become increasingly frustrated about Hong Kong authorities’ failure to regulate the ride-hailing platform. Noemi Cassanelli/CNNA Uber app is seen on a mobile phone in Hong Kong, China, on May 24, 2024. Patrick Tam, secretary general of the Hong Kong Taxi & Public Light Bus Association, acknowledged the complaints against some unruly taxi drivers, and said he supported the police going after them. “We just want fair treatment.”So far, Hong Kong police have said they had not arrested any Uber drivers ensnared in the amateur sting operations. And CUHK’s Chan said that, after years of ambiguity, Hong Kong is already playing catch-up.

Persons: Ka Chun, “, Uber, Noemi Cassanelli, CNN Uber, ”, Oliver Chan, Hong, John Lee, Lau, tim, ” Jason Chan, Mo, “ Uber, Patrick Tam, CNN Estyn Chung, CUHK’s Chan Organizations: CNN, Hong, Chinese University of Hong, Taxi, Pictures, hackney, CNN Taxis, HK, Hong Kong Taxi, Light Bus Association, Uber Taxi, Uber Locations: Hong Kong, China, Central, Chinese University of Hong Kong, Jordan, Singapore

☆ When the Money Is Under the Mattress. Or in the Freezer. Or a Shoebox.
▼ + stars: | 2024-06-08 | by ( Martha C. White | ) www.nytimes.com time to read: +1 min

After their father died in 2021, Susan Camp and her brother cleaned out his home — and inadvertently threw out $5,000 in cash he had wrapped in aluminum foil and stashed in the freezer. And she was surprised, but not shocked, to also discover $6,000 in a box that once held a bottle of cologne. “Dad traveled, and he always wanted cash on him,” she said. Adrienne Volpe’s grandmother kept her extra cash in her library. “My grandmother had pressed thousands of dollars in single bills inside books,” Ms. Volpe said.

Persons: Susan Camp, “ Dad, ”, Adrienne Volpe’s, ” Ms, Volpe, “ Locations: cologne

☆ Stock market heads into the week ahead at a record, but with some uneasiness underneath the surface
▼ + stars: | 2024-06-08 | by ( Michael Santoli | ) www.cnbc.com time to read: +8 min

The S & P 500 made a new record high, its 25 th of the year. And on the surface, there is a stolid calm that suggests a system in comfortable equilibrium, the market achieving a kind of homeostasis. Four of the past five days last week, the S & P 500 moved less than 0.2%. The S & P 500 is up almost 2% since its closing peak at the end of the first quarter, perhaps the moment of maximum belief in a seamless soft economic landing. Three stocks together now account for fully 20% of the S & P 500 market value, mocking the notion of diversification and dashing most active investors' hopes of beating the bogey.

Persons: Keith Gill, Michael Mauboussin, Scott Chronert Organizations: Nvidia, GameStop, Apple, Microsoft, Federal Reserve, Investment, Morgan Stanley Investment Management, Fed, Citi, CPI Locations: rebalancing, U.S

☆ The Walmart heirs have added more than $53 billion to their combined net worth this year — second only to Nvidia CEO Jensen Huang
▼ + stars: | 2024-06-07 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +1 min

The heirs to Walmart founder Sam Walton have added $53.7 billion to their combined wealth this year. Only Nvidia CEO Jensen Huang has seen a larger increase in his net worth on Bloomberg's Billionaire Index. AdvertisementIt's no secret that Nvidia founder and CEO Jensen Huang has had an explosive year so far when it comes to his personal net worth. Huang has more than doubled his fortune since January, adding more than $62 billion as the chipmaker's stock is up 40% year-to-date. And while Mark Zuckerberg saw the second-highest growth in individual wealth in 2024, according to Bloomberg's Billionaire Index, the combined gains seen by the Walmart heirs outpaced the Meta CEO.

Persons: Sam Walton, Jensen Huang, Walton, —, Huang, Mark Zuckerberg Organizations: Walmart, Nvidia, Service, Meta

☆ Vanna White says an emotional goodbye to Pat Sajak on ‘Wheel of Fortune’
▼ + stars: | 2024-06-07 | by ( Marianne Garvey | ) edition.cnn.com time to read: 1 min

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☆ Video: Pat Sajak signs off as ‘Wheel of Fortune’ host. Hear what he said in last show
▼ + stars: | 2024-06-07 | by ( Sarah Jorgensen | ) edition.cnn.com time to read: 1 min

☆ Nvidia CEO Jensen Huang is now worth $107 billion, making him the 13th-richest person
▼ + stars: | 2024-06-06 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +1 min

Nvidia's Jensen Huang has zoomed up Bloomberg's rich list to rank 13th with a $107 billion fortune. Only Michael Dell, Mukesh Ambani, and Warren Buffett stand between the CEO and a spot in the top 10. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The Nvidia cofounder and CEO's 3.5% stake in his company was worth less than $14 billion at the start of last year. This story is available exclusively to Business Insider subscribers.

Persons: Nvidia's Jensen Huang, Michael Dell, Mukesh Ambani, Warren Buffett, —, Jensen Huang Organizations: Service, Nvidia, Bloomberg, Business

☆ 'Going up against them is insane.' Brave startups are trying to usurp Nvidia's AI throne.
▼ + stars: | 2024-06-06 | by ( Alistair Barr | ) www.businessinsider.com time to read: +9 min

You could have invested a lot of money in AI chip startups several years ago. "Us going up against them is insane," said Thomas Sohmers, CEO of Positron AI, a chip startup that emerged from stealth a few months ago. "The model of AI chip startups needing to raise 10s to 100s of millions of dollars before they actually test product market fit is insane," he added. TigrisOpenAI's Altman may also be working on an AI chip startup of his own. So it stands to reason that Masa has been trying to raise money for an AI chip startup.

Persons: —, Graphcore, Thomas Sohmers, Nvidia Thomas Sohmers, Sohmers, Groq, Googlers, Puneet Kumar, Mark Hayter, Rivos, Andrew de los Reyes, Gavin Uberti, Chris Zhu, Nvidia's, OpenAI's Sam Altman, OpenAI's Altman, Altman, Masa, Softbank, Son Organizations: Service, Microsoft, Samsung, Business, Nvidia, MediaNews, Boston Herald, Getty, MIT, Google, Chrome, Matrix Capital, Intel, Harvard, Bloomberg News, Bloomberg Locations: Silicon Valley, Swiss, Groq, GroqWare, WeWork

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