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Applying to jobs is a part of Paloma Canseco's regular routine right now, talking to an interactive AI powered recruiter on the phone is not. The call began with basic screener questions like if she was allowed to work in the U.S. and if she had a bachelor's degree. She noticed that the voice was interacting with her, giving responses like, "'Oh that's very interesting' or 'Oh that's perfect for what we're looking for.'" "I couldn't tell if it was a real person or software or an AI. After some basic questions, the virtual recruiter asked her to recall her last design experience.
Persons: Paloma Canseco's, Canseco, it's, Organizations: CNBC, LinkedIn Locations: New York, U.S
AstraZeneca shares fall on report of potential China probe fallout
  + stars: | 2024-11-05 | by ( ) www.cnbc.com   time to read: +2 min
The Astrazeneca logo is pictured at the World Artificial Intelligence Conference 2021 in Shanghai, China, July 7, 2021. "As a matter of policy, we do not comment on speculative media reports including those related to ongoing investigations in China," AstraZeneca said. "If requested, we will fully cooperate with the Chinese authorities," the company added and said that its operations and delivery of medicines were ongoing in China. AstraZeneca is one of the biggest multinational drugmakers in China, which accounts for 13% of its overall revenue. In 2022, Chinese authorities had summoned AstraZeneca officials over an investigation of suspected medical insurance fraud by its employees, and had ordered that the drugmaker tighten its marketing activities.
Persons: Leon Wang, Wang, AstraZeneca Organizations: Astrazeneca, Artificial Intelligence, AstraZeneca, country's pharma Locations: Shanghai, China, Swedish
North Korean troops have come under fire after joining Russia's war, Ukrainian officials said. The Pentagon says that North Korean troops engaged in combat would make them a fair target in the war. Kovalenko's statement on Monday was the first to suggest that North Korean troops were now actively fighting alongside Russian troops and against Ukraine. Last month, South Korean intelligence said that 1,500 North Korean troops had been shipped to Russia for training and likely deployment in the war. On Saturday, Ukrainian intelligence shared details of the military equipment it says Russia has issued to North Korean troops, including mortars, rifles, and machine guns.
Persons: Antony Blinken, , Lloyd Austin, Pat Ryder, Kim Jong Organizations: Pentagon, Service, North, Ukraine's Center, Financial, Kyiv, Ukrainian, US, Korean, Russian, Ukraine, Air Force, Armed Forces of, Defence Intelligence Locations: Kursk, Russia's Kursk, Kursk Oblast, Ukrainian, Russia, Moscow, Pyongyang, Ukraine, Korea, Armed Forces of Ukraine
CNBC Daily Open: All eyes on U.S. elections
  + stars: | 2024-11-05 | by ( Lim Hui Jie | ) www.cnbc.com   time to read: +2 min
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. History forecasts a market rally after electionsHistorically, stocks have mostly risen after a presidential election, though there can be some short-term volatility. The three major U.S. benchmarks on average have almost always clocked gains between Election Day and year-end, going back to 1980, according to CNBC data. Markets slip ahead of Election DayStocks fell Monday as investors awaited the U.S. presidential election and Fed rate verdict later this week.
Persons: Wall, aren't, Stocks, Jeff Bezos Organizations: CNBC, JPMorgan, Fitch, Federal Reserve, Dow Jones, Nasdaq, Intelligence, Investors, Amazon, U.S, Conference Board Locations: U.S, Francisco
Charles Liang, chief executive officer of Super Micro Computer Inc., during the Computex conference in Taipei, Taiwan, on Wednesday, June 5, 2024. Super Micro shares plummeted last week after Ernst & Young, the company's auditor, resigned. CEO Charles Liang said Super Micro was actively in the process of hiring a new auditor. Super Micro shares soared 246% last year after jumping 87% in 2023. WATCH: Super Micro shares down on earnings
Persons: Charles Liang, unaudited, Ernst & Young, Ernst, Liang, LSEG Organizations: Super, Computer Inc, Nasdaq, Super Micro, Micro, SEC, Ernst, Company Locations: Taipei, Taiwan
Artificial intelligence tailwinds could mean more gains ahead for Celestica , according to Barclays. The investment bank initiated coverage on the stock with an overweight rating, and its price target of $91 implies nearly 26% upside from Monday's close. Not only that, Celestica's gains are bolstered by an upcoming upgrade cycle in hyperscaler bandwidth technology, which is where the company already has a leading market share, Wang also said. "CLS is strongly positioned in the 800G upgrade cycle, enabling hyperscaler customers to transition from 400G to 800G," he continued. CLS YTD mountain CLS, year-to-date Shares of the company have been on a massive rally this year, as the stock has gained more than 159%.
Persons: George Wang, Wang, It's Organizations: Celestica, Barclays, CLS, Google
CNN —Israeli Prime Minister Benjamin Netanyahu has fired Defense Minister Yoav Gallant after months of clashes over domestic politics and Israel’s war efforts. In a recorded statement Tuesday evening, Netanyahu said that “trust between me and the minister of defense has cracked.”Israel Katz, currently the foreign minister, will become defense minister. Gideon Sa’ar will replace Katz as foreign minister, the prime minister’s office said Tuesday. Thomas Koehler/picture-alliance/dpa/APSa’ar, whom Netanyahu has tapped for foreign minister, is thought to be an influential interlocutor to the ultra-Orthodox parties. I will not facilitate this.”Netanyahu said he would fire the defense minister, but reversed his position following pressure.
Persons: Benjamin Netanyahu, Yoav Gallant, Netanyahu, ” Israel Katz, Gideon Sa’ar, Katz, Gallant, Lloyd Austin, ” Netanyahu, , , Bibi, ” Gallant, Israel Katz, Thomas Koehler, ensnare Netanyahu, Itamar Ben Organizations: CNN, Israeli, US, Israel Defense Forces, ” Israel's, AP, National, Hamas Locations: United States, Israel, Iran, Jerusalem, Tel Aviv, Gaza, Egypt
Business Insider obtained a recording of Amazon CEO Andy Jassy's latest all-hands meeting. Jassy said Amazon's RTO policy is not a 'backdoor layoff' strategy. The RTO policy aims to strengthen company culture, not cut costs, he said. This is very much about our culture and strengthening our culture," Jassy said, adding that the only city Amazon notified ahead of time about its RTO mandate was Seattle. Amazon Web Services CEO Matt Garman said in a staff meeting last month that 9 out of 10 Amazon employees he'd spoken with were "excited" by the change.
Persons: Andy Jassy's, Jassy, Amazon's, , Andy Jassy, Matt Garman, there's, I'm, it's Organizations: Amazon, Service, Business, Web Locations: Seattle
Archer-Daniels-Midland — The food processor slumped 8% after its fiscal third-quarter and full-year earnings outlook missed analysts' estimates. Hims & Hers — Shares of the telehealth company gained 7% after better-than-expected third-quarter results surpassed analysts' estimates for profits and revenue. Palantir — The data analytics software maker surged more than 22% after posting strong third-quarter earnings and issuing upbeat revenue guidance . DuPont de Nemours — Stock in the chemicals company gained more than 6% after third-quarter earnings beat Wall Street estimates. DuPont reported adjusted earnings per share of $1.18 per share, while analysts surveyed by LSEG forecast $1.03.
Persons: Donald Trump, Archer, Burger, LSEG, MicroStrategy, Astera, Tesla, , Macheel, Samantha Subin, Alex Harring, Hakyung Kim, Sean Conlon Organizations: Trump Media & Technology, White, Nvidia —, Nvidia, Dow Jones, Daniels, Midland, ADM, FactSet, Restaurant, LSEG, Wynn, , Lattice Semiconductor, Cirrus, DuPont de Nemours — Stock, DuPont, Astera, Diamondback Locations: Cleveland
The former head of Meta's Orion augmented reality glasses initiative has joined OpenAI to lead the startup's robotics and consumer hardware efforts. OpenAI has gained popularity for its viral chatbot, ChatGPT, but the hiring underscores its apparent efforts to move into building and selling hardware. Former Apple exec Jony Ive, who helped design some of Apple's most iconic products from the iMac to the iPhone, has also partnered with OpenAI to create an AI device. The startup focuses on "bringing general-purpose AI into the physical world," per its website, and it aims to do this by developing large-scale artificial intelligence models and algorithms to power robots. Kalinowski's first day on the job at OpenAI is Tuesday, Nov. 5, per a LinkedIn post.
Persons: Orion, OpenAI, Caitlin, CK, Kalinowski, Jony, Jeff Bezos, Meta Organizations: Apple, Physical Intelligence, Amazon, Lux Capital, Bond Capital, Meta, Orion, Pro Locations: San Francisco, OpenAI
Chipmaker Nvidia temporarily dethroned Apple as the most valuable company in the world on Monday — another stop on the company's unlikely journey from startup to tech giant. Nvidia shares rose Monday morning, boosting its market value to $3.38 trillion by the afternoon, surpassing Apple's $3.35 trillion market cap. The news came just days after S&P Dow Jones Indices announced that Nvidia is replacing rival chipmaker Intel in the Dow Jones Industrial Average, a 30-member index that's often viewed as a key metric of the U.S. economy. By Monday evening, Apple bounced back to the top with a $3.38 trillion market value, compared to Nvidia's $3.34 trillion. "We came right here to this Denny's, sat right back there, and the three of us decided to start the company," said Huang.. "Frankly, I had no idea how to do it, nor did they.
Persons: Dow, Apple, Jensen Huang, Chris Malachowsky, Curtis Priem, Huang, DON'T Organizations: Nvidia, Apple, Dow Jones Indices, Intel, Dow Jones, CBS Locations: U.S, San Jose , California
BI has compiled a list of which AI robotics startups Bezos has backed so far, per PitchBook. Physical Intelligence is at least the third spatial intelligence startup Bezos has backed this year, according to PitchBook. Related storiesFigure AIFigure AI builds AI robots that can take over unsafe jobs from humans. Bezos invested in an undisclosed funding round in 2021, while Bezos Expeditions invested in its $24 million Series A funding round in 2020. Bezos Expeditions invested in the startup's $30 million Series E in 2017, $40 million Series D in 2015, $30 million Series C in 2012, $20 million Series B in 2010, $7 million Series A1 in 2009, and $5 million Series A in 2008.
Persons: Jeff Bezos, , Andreessen Horowitz, Bezos, OpenAI Organizations: Service, Khosla Ventures, Intelligence, The New York Times, Bezos Expeditions, New York Times, Sentinel, HAHN Group
They also agreed in principle to bring new electric-vehicle battery plants into the national union contract. After negotiations broke down in early July 2023, Atlanta-based UPS reached a contract agreement with the Teamsters just days before an Aug. 1 deadline. The Culinary Workers Union announced on the social platform X that the deal came together after a year of negotiations. The lead up to the tentative agreement included a three-day strike involving 75,000 workers in multiple states. The tentative agreement also included protective terms around subcontracting and outsourcing, as well as initiatives to invest in the current workforce and address a staffing crisis.
Persons: Martin Luther King Jr, Bethany Khan, AFTRA, Longshoremen Organizations: Boeing, International Association of Machinists, Aerospace Workers, Cornell University's School of Industrial and Labor Relations, Cornell, Unions, UAW, Teamsters, Workers, United Auto Workers, Ford, General Motors, UPS, Teamsters UPS, Games, Screen, American Federation of Television, Radio Artists, Las Vegas Resorts, Culinary Workers Union, Las Vegas, MGM Resorts International, Caesars Entertainment, Wynn Resorts, Kaiser Permanente, Health Care Worker Unions Unions, Hollywood Studios, SAG, International Longshoremen’s Association, U.S . Maritime Alliance, Associated Press Locations: Seattle, America, Atlanta, housekeepers, Kaiser, California, U.S, East
CEO Alex Karp said revenue growth was driven by AI demand in the US. AdvertisementPalantir CEO Alex Karp took a victory lap on Monday as the company reported big third-quarter earnings. "We absolutely eviscerated this quarter, driven by unrelenting AI demand that won't slow down," Karp, who co-founded Palantir in 2003, said in an earnings release. In a letter to shareholders that accompanied the earnings report, Karp said the US market was still the core of Palantir's business. The CEO added that Europe was being "left behind" in AI innovation and needed to adapt or "risk ruin."
Persons: Alex Karp, Karp, , " Karp, unravels ChatGPT, it's Organizations: Service Locations: US, Palantir, New Hampshire, Silicon Valley, Europe
Alex Karp touted Palantir's blockbuster earnings in a triumphant investor call. He said AI models are commodities — it's what you do on top of them that counts. Other Palantir execs have helped shift the focus away from Karp. AI models are commodities — it's what you do on top that counts. Palantir execs were surprised by the company's quarterly earnings.
Persons: Alex Karp, , Karp, Palantir's, Shyam Sankar, Akash Jain —, Palantir, They're, Sankar, Jain, Ryan Taylor, Taylor, Palantir execs, he'd, Maven Organizations: Service, US Army Locations: US, Ukraine
Palantir shares jump 23% to record on uplifting guidance
  + stars: | 2024-11-05 | by ( Todd Haselton | ) www.cnbc.com   time to read: +2 min
Palantir shares jumped 23% on Tuesday and headed for a record close after the data analytics software maker reported robust third-quarter results and issued uplifting revenue guidance. If the gain holds, it will mark the stock's biggest jump since Feb. 6, when shares popped 30%. Revenue climbed 30% to $726 million from a year earlier, topping the $701 million average analyst estimate, according to LSEG. Net income of $143.5 million, or 6 cents per share, was up from $71.5 million, or 3 cents per share, in the same quarter a year ago. Palantir is targeting more than $687 million in U.S. commercial revenue for the year, implying about 24% of the total.
Persons: Alex Karp, Palantir, LSEG, Jordan Novet, Michael Bloom Organizations: Palantir, Bloomberg, Revenue, Deutsche Bank, Bank of America Locations: Palo Alto , California
Data shows that North Korea ramps up its missile and military activity around US elections. North Korea's provocations stir up trouble for the US and its allies. The latest provocations come as North Korea draws closer to Russia and amid confirmations that thousands of North Korean troops are aiding Russia in its war against Ukraine. On Tuesday, North Korea launched several ballistic missiles toward the East Sea/Sea of Japan, South Korea's military said. North Korea fired multiple ballistic missiles on Tuesday, South Korea and Japan said.
Persons: , Kim Jong, Kim Yo Jong, Victor Cha, Cha, Donald Trump's, Kim Jae, Vladimir Putin, Kim Organizations: Service, Research, Ukraine, North, North Korea's, Korean Central News Agency, Korea News Service, AP, Korea, Center for Strategic, International Studies, Asian Affairs, White, National Security Council, Trump, Kim, CSIS, Getty, US, South, Russian, Russia Locations: Korea, Pyongyang, North Korea, Russia, Japan, South, North, South Korea, Washington, Kim Singapore, Vietnam, Ukraine, Ukrainian, Russian
BEIJING — Chinese home appliance company Hisense aims to become the No. 1 seller of television sets in the U.S. in about two years, Catherine Fang, president of Hisense International, told CNBC in an exclusive interview Monday. FIFA President Gianni Infantino, FIFA Secretary General Mattias Grafström, and Hisense Group Chairman Jia Shaoqian attended an event in Shanghai on Oct. 30 to mark the partnership. "We hope through this sponsorship we can increase our market share," Fang said in Mandarin, translated by CNBC. The company was not immediately able to share to what extent those features were available on TV sets in the U.S.Hisense's 55-inch U8 TV series starts at around $700 in the U.S., while the 100-inch version costs around $3,000 or more.
Persons: Catherine Fang, Gianni Infantino, Mattias Grafström, Jia Shaoqian, Fang Organizations: Hisense, CNBC, FIFA Club, FIFA, Sports Locations: BEIJING, U.S, Miami, Shanghai
OpenAI has hired Meta's former hardware lead to head up its robotics team. Caitlin Kalinowski previously led Meta's AR glasses hardware team. Caitlin Kalinowski, who served as Meta's head of AR glasses hardware until July, said she was joining OpenAI to lead the company's robotics and consumer hardware efforts. "Thank you to the OpenAI team, Sam, Kevin Weil, PW, and to my friends and colleagues in engineering and beyond!" In May, Forbes reported that OpenAI had been hiring research engineers to rebuild the previously abandoned robotics team, something the company later confirmed.
Persons: OpenAI, Caitlin Kalinowski, Kalinowski, , Sam, Kevin Weil, Orion, Jony, Laurene Powell Jobs, Steve Jobs Organizations: Service, Orion, Forbes, Intelligence, Apple, The New York Times, Business
Nvidia passes Apple as world's most valuable company
  + stars: | 2024-11-05 | by ( Kif Leswing | ) www.cnbc.com   time to read: +2 min
Nvidia passed Apple in market cap on Tuesday becoming, for a second time, the most valuable publicly traded company in the world. Nvidia rose nearly 3% to close with a market cap of $3.43 trillion, ahead of Apple at $3.4 trillion. Nvidia is the dominant supplier of GPUs, which are used to develop and deploy advanced AI software such as OpenAI's ChatGPT. Apple was the first company to reach a $1 trillion and a $2 trillion market cap. S&P Dow Jones announced last week that Nvidia will join the Dow Industrial Average on Friday, replacing longtime rival Intel , and joining Apple in the blue-chip index.
Persons: Jensen Huang, OpenAI, Dow Jones Organizations: NVIDIA, Center, Washington , D.C, Nvidia, Apple, Apple Intelligence, Microsoft, Dow, Intel Locations: Washington ,
Perplexity AI, the artificial-intelligence search engine startup, is in the final stages of raising $500 million in funding at a $9 billion valuation, a source familiar with the situation told CNBC. Perplexity most recent valuation was $3 billion in June. Perplexity started the year with a roughly $500 million valuation. Despite the AI boom, Perplexity has been embroiled in controversy due to accusations of plagiarizing content from media outlets. WATCH: Perplexity unveils AI election hub: Here's what you need to know
Persons: Perplexity, OpenAI, Microsoft's Bing, Der Spiegel, Dmitry Shevelenko, Shevelenko Organizations: CNBC, Google, Institutional Venture Partners, New York Times, Media, The Texas Tribune, WordPress Locations: ChatGPT
They have also considered the impact of potential tariffs proposed by former President Donald Trump. Some on Wall Street view a Harris win as a potential obstacle for antitrust and megacap technology stocks. "Regulatory scrutiny will probably help a lot of M & A activity under Trump — Harris, it'll be a little more of the status quo," said Jay Woods, chief global strategist at Freedom Capital Markets. This could "slow the pace of the AI revolution," he said in a recent post to X that also called a Harris win "more bullish" for the industry. Some investors also view Tesla as a likely winner under a Trump administration, given CEO Elon Musk's close ties to the former president.
Persons: Kamala Harris, Donald Trump, Roger McNamee, Harris, Trump, Trump — Harris, it'll, Jay Woods, McNamee, Vivek Arya, Joe Rogan, Arya, Ed Mills, Raymond James, of America's Brad Sills, Raymond James ' Mills, Dan Ives, Trump's, Tesla, Elon Musk's, Capital's, Wolfe, Chris Senyek Organizations: Elevation Partners, Tech, Antitrust, Google, Justice Department, Trump, Freedom Capital, Bank of America, PHLX Semiconductor, Democrat, Republican, SOX, Devices, Qualcomm, Nvidia, Broadcom, Texas Instruments, Intel, of America's, Microsoft, Oracle, Wedbush Securities, Investors Locations: stoke, Taiwan, China, Washington
Meta last week began blocking advertisers from creating or running new ads about US social issues, elections or politics across its platforms, including Facebook and Instagram. But experts say that previous moves by social media companies — such as cutting their own internal safety teams — could undercut their current efforts. Former President Donald Trump and many of his supporters have already made repeated false claims that Democrats are cheating in the election. But since then, those companies have made cuts to those teams and walked back policies designed to restrict false claims about politics and elections. Last year, they said they would no longer remove false claims that the 2020 election was stolen.
Persons: TikTok, Elon Musk, Donald Trump, What’s, Twitter, Musk, we’ve, , Sacha Haworth, ” Imran Ahmed, “ It’s, , Trump, Helene, Harris, Ahmed’s CCDH, Ahmed, ” Ahmed, Leslie Miller, ” Mann, X, Biden, Kamala, Kamala Harris Organizations: New, New York CNN, Facebook, Google, Meta, Capitol, Tech, Center, CNN, Biden, Trump, YouTube, ” Meta, Associated Press, Integrity Locations: New York, Milton, U.S
Trump referenced that rally during his speech in Raleigh on Monday, estimating the crowd inside to be 28,000. The crowd for Trump's speech was estimated to be around 53,000, according to the House committee investigating the riot. Harris's campaign said that around 75,000 people attended her speech last week at the same site as Trump's Jan. 6 speech. When she was interrupted by pro-Trump protesters at a rally in Wisconsin last month, she told them they should "go to the smaller rally down the street." The smaller crowd sizes with less enthusiastic participants so close to Election Day have surprised some Republicans, but it's unclear what the cause — and the significance — is, and if it's evidence of less momentum for his campaign.
Persons: Donald Trump, Trump, Kamala Harris, ” Trump, , Charlotte —, he's, Harris, , , Karoline Leavitt, Sean Spicer, Barack Obama, ” Spicer, Martin Luther King Jr's, she'd, Tim Walz, Marveling, Walz, hasn't, Vaughn Hillyard, Jake Traylor, Dareh Organizations: RALEIGH, Madison, Black, Trump, Fiserv, NBC, White House Press, U.S . Capitol, Minnesota Gov Locations: North Carolina, New York, Raleigh, N.C, Reading, Pa, Macon, Ga, Kingston , N.C, Milwaukee, Greensboro, Gastonia, Wisconsin, Phoenix, Raleigh , North Carolina
The Israeli prime minister was engulfed in scandal Monday over a case involving one of his aides that has sent shockwaves across the country. The firestorm — brought into public view when an Israeli court loosened a gag order Sunday night — has enraged Netanyahu's political opponents and hostage families. Palestinians fill containers with clean water in the midst of the devastation in Beit Lahia, northern Gaza on Sunday. The Israeli leader faced mounting outrage from hostage families and much of the country's public over his failure to agree to a cease-fire deal. Prime Minister of Israel Benjamin Netanyahu during the United Nations General Assembly in New York on Sept. 27.
Persons: Benjamin Netanyahu, , Netanyahu, Shin, Eliezer Feldstein, Feldstein, Israel Benjamin Netanyahu, Pamela Smith, Benny Gantz, it’s, Yair Lapid, Lapid Organizations: Rishon, Zion, Israel Defense Forces, Israel Security Agency, AFP, Getty, NBC, Chronicle, Jewish, NBC News, Military Intelligence Directorate, United Nations General Assembly, AP Locations: Gaza, Beit Lahia, London, Egypt, Israel, Philadelphi, New York, Netanyahu's
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