DIRS.INFO The most relevant business & tech news

☆ Fund manager picks a lesser-known global tech stock trading at a 'fraction' of the Mag 7
▼ + stars: | 2024-10-23 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +2 min

Investors should look beyond the so-called "Magnificent Seven" and identify "country winners" in tech outside the U.S., according to one hedge fund manager. Beeneet Kothari, CEO and principal portfolio manager at the U.S.-headquartered hedge fund Tekne Capital Management, said there are global tech stocks that also make good investments right now. "Our view is that there is a Magnificent Seven set of companies in each of the major economies in the world [which] you can buy for a fraction of the value," he told CNBC Pro earlier this month. The Magnificent Seven stocks — Alphabet , Amazon , Apple , Meta Platforms , Microsoft , Nvidia and Tesla — have dominated investor interest in tech over recent years. Kaspi Among the stocks Kothari is betting on is the Kazakhstan-headquartered fintech Kaspi .

Persons: Beeneet Kothari, Kothari Organizations: Capital Management, CNBC Pro, Apple, Microsoft, Nvidia, Tesla, Kazakhstan Stock Exchange, American Locations: U.S, Kazakhstan, Silicon Valley

☆ Lost Silk Road cities mapped using LiDAR remote sensing
▼ + stars: | 2024-10-23 | by ( Katie Hunt | ) edition.cnn.com time to read: +8 min

CNN —Lost for centuries, two cities lay buried, nearly 5 kilometers (3 miles) apart, underneath grassy pastures in the mountains of Uzbekistan. “It’s a really different environment up there,” Frachetti said of the newly discovered Silk Road settlements. However, the newfound highland cities were too big to simply be trading posts or Silk Road stopovers, Frachetti and his colleagues believe. The research marked the first time that light detection and ranging (LiDAR) equipment had been used in the region for archaeological purposes. Using drone-borne light detection and ranging equipment, archaeologists have mapped two abandoned cities in the mountains of Uzbekistan.

Persons: Michael Frachetti, Tugunbulak, ”, Frachetti, “, ” Frachetti, Michael Frachetti “, Farhod Maksudov, Zachary Silvia, ” Silvia, Tashbulak, It’s Organizations: CNN, Washington University, —, National, of Archeology, Academy of Sciences of, Joukowsky Institute for Archaeology, Brown University Locations: Uzbekistan, —, It’s, St . Louis, Machu Picchu, Peru, Republic of Uzbekistan, ”, Tugunbulak, Tashbulak, Central America, Rhode Island, Samarkand, Kashgar, China

☆ Amazon to shut down speedy brick-and-mortar delivery service
▼ + stars: | 2024-10-22 | by ( Annie Palmer | Annie Palmer Is An Associate Tech Reporter For Cnbc. | ) www.nbcnews.com time to read: +3 min

Amazon is shutting down a service that offers same-day delivery from mall and brick-and-mortar retailers, CNBC has learned. Select retail partners will be able to continue fulfilling orders with Amazon Today through Jan. 24, 2025, Amazon told CNBC. The closure of Amazon Today is the latest example of the company’s broader cost-cutting efforts. Launched in 2022, Amazon Today allows retailers who sell on Amazon to offer speedy delivery from their brick-and-mortar stores and shopping malls in select cities. Amazon Today was part of the company’s push to get online purchases to shoppers’ doorsteps at faster speeds.

Persons: Andy Jassy, Jassy, Jeff Bezos, Amazon’s, ’, Kate Hudson, ” Organizations: CNBC, Amazon, Amazon Today, Employees, Flex, ’, Staples Locations: Jan

☆ Walmart’s new threat to CVS: 30-minute prescription deliveries
▼ + stars: | 2024-10-22 | by ( Maria Aguilar Prieto | ) edition.cnn.com time to read: +2 min

CNN —Walmart, already partially responsible for the slow demise of America’s drug stores, is launching yet another CVS killer: 30-minute prescription delivery. Walmart’s pitch to costumers is simple – fill your prescription, plus get some groceries delivered to your door, all in one order. Prescription delivery was the number one most-requested service by its customers, the company said in a press release. The company has nearly 4,600 pharmacy locations across the United States. Earlier this month, Walgreens said it is closing approximately 1,200 locations, while CVS said it planned to cut about 2,900 corporate jobs.

Persons: ”, Tom Ward Organizations: CNN, Walmart, Walmart U.S, Walgreens, CVS Locations: United States

In the weeks following their move, Chris found out that his father was planning to sell the family business, the Wheels Motel in Greybull, Wyoming. Still, knowing that his dad couldn't run the motel forever, Chris had previously run the possibility of buying it by Roxanna. The Wheels Motel is located in Greybull, Wyoming, about 100 miles from the east gate of Yellowstone National Park. Chris and Roxanna Harwood purchased the Wheels Motel from Chris' father in 2017. "This will be one of maybe two or three years that we've shown profitability with the motel," Chris says.

Persons: Chris, Roxanna, They'd, he'd, couldn't, Levi Stallings, she'd, Roxanna —, —, they've, Ronan, Roxanna Harwood, Harris, it's, they're Organizations: Roxanna, CNBC, Navy, University of Wyoming, Colorado State, Microsoft, Gas, BMW Locations: Loveland , Colorado, Greybull , Wyoming, Yellowstone, Bighorn, it's, Billings , Montana, Greybull, Wyoming, Laramie, Hulu, Billings

Under the terms of the deal, Costco will offer Peloton's Bike+ in 300 of its U.S. stores for $1,999, and on Costco.com for $2,199 between Nov. 1 and Feb. 15. Costco is one way to get there, Dion Camp Sanders, Peloton's chief emerging business officer, told CNBC in an interview. The deal with Costco gets Peloton onto the shelves of a retailer with a strong fan following and wealthier customers. According to Numerator, 36% of Costco's customers have a household income of more than $125,000. As of this month, hotel members can earn points for completing workouts on the Peloton Bike and Row during their stay.

Persons: Barry McCarthy, Long, Dion Camp Sanders, Peloton's, We've, Camp Sanders, Gary Millerchip, Costco's, they've, Merchandising Claudine Adamo, Truemed Organizations: Costco, CNBC, Merchandising, Dick's Sporting Goods, PayPal Locations: U.S

☆ Amazon Web Services CEO doubles down on RTO mandate saying it's far better for 'innovation' and 'speed of execution'
▼ + stars: | 2024-10-22 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +3 min

Amazon Web Services CEO Matt Garman defended the company's return-to-office mandate for January. AdvertisementAmazon Web Services CEO Matt Garman reiterated on Monday night why the recently announced return-to-office mandate is right for the company. Amazon CEO Andy Jassy announced last month that most corporate employees would be required to return to the office five days a week starting in January. When BI reached out about Garman's comments last week, an Amazon spokesperson declined to comment but pointed to Jassy's RTO announcement in September. BI's Ashley Stewart viewed internal messages after the policy was announced, showing that some Amazon employees were unhappy with the change.

Persons: Matt Garman, Garman, —, Andy Jassy, BI's Ashley Stewart Organizations: Amazon Web, Service, Web, Amazon, Business, BI

☆ Romance author Ana Huang says self-publishing books is like running a small business
▼ + stars: | 2024-10-22 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +8 min

Huang, now a beloved BookTok author, compared self-publishing to running a small business. Self-publishing for creative controlUnlike many unknown authors, Huang didn't dream of signing with a traditional publisher when her writing career began. "I didn't start out thinking I would be traditionally published or even that I necessarily wanted to be traditionally published," Huang told BI. Advertisement"For like a year or two, all I did was just consume content about self-publishing," Huang said. Huang told BI her fans can look forward to a darker hero in her next release.

Persons: Ana Huang, Huang, —, Ana Huang's, Asher Donovan, Scarlett Dubois, Forbes, — Huang, Huang didn't, Heidi Gutman, Taylor Swift, HarperCollins —, Bloom, Meghan Quinn, Grey, E.L, James, BookTok, it's, they're, that's, I'm, Asher Organizations: Service, —, ABC, HarperCollins, Bloom Books, Entertainment, Facebook Locations: BookTok

☆ Tim Cook shares the No. 1 trait that set Steve Jobs apart from most people: 'Very few people have that skill'
▼ + stars: | 2024-10-22 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

Tim Cook learned a lot from Steve Jobs in the 13 years he worked with the late Apple co-founder. Cook was particularly "enamored" with one specific skill he learned from Jobs, he said: "Not to be married to my past views. Not to be so proud you can't change your mind when you're presented with new evidence in things. Cook went on to call Jobs' willingness to change his mind on any topic "a brilliant skill" — and one that's less common than you might think. "People who are right a lot, they listen a lot, and people who are right a lot, change their mind a lot."

Persons: Tim Cook, Steve Jobs, Cook, Jobs, Keith Bellizzi, Jeff Bezos, —, Bezos, Andy Jassy, they're, Jassy Organizations: Apple, Wall, Compaq, Jobs, University of Connecticut, Pathfinder, CNBC Locations: Seattle

☆ CNBC Daily Open: Concerns over high interest rates return, pressuring stocks
▼ + stars: | 2024-10-22 | by ( Yeo Boon Ping | ) 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. The team pointed to high valuations and concentration in today's stock market as reasons for their forecast. [PRO] Ranking the Magnificent SevenThe Magnificent Seven bag of stocks — Alphabet , Amazon , Apple , Meta , Microsoft , Nvidia and Tesla — is responsible for most of the S&P 500's rally this year. Not so, according to a tech investor who owns all seven stocks.

Persons: Europe's, Goldman, Goldman Sachs, David Kostin, Bob Iger, Iger, Bob Chapek Organizations: New York Stock Exchange, CNBC, Nasdaq, Dow Jones, Treasury, Autonomous, Microsoft, Disney, Apple, Meta, Nvidia, Tesla

☆ Amazon-backed Anthropic debuts AI agents that can do complex tasks, racing against OpenAI, Microsoft and Google
▼ + stars: | 2024-10-22 | by ( Hayden Field | ) www.cnbc.com time to read: +2 min

Anthropic, the Amazon-backed AI startup founded by former OpenAI research executives, announced Tuesday that it's reached an artificial intelligence milestone for the company: AI agents that can use a computer to complete complex tasks like a human would. Anthropic is the company behind Claude — one of the chatbots that, like OpenAI's ChatGPT and Google's Gemini, has exploded in popularity. Amazon had early access to the tool, Anthropic told CNBC, and early customers and beta testers included Asana, Canva and Notion. The company has been working on the tool since early this year, according to Kaplan. Anthropic said that future consumer applications include booking flights, scheduling appointments, filling out forms, conducting online research and filing expense reports.

Persons: it's, Claude —, Jared Kaplan, Anthropic, Kaplan, Claude Organizations: Microsoft, Meta, CNBC

☆ 'Magnificent Seven' stocks are a bright spot Tuesday as the market bounces off its lows
▼ + stars: | 2024-10-22 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Mag 7: A bright spot in Tuesday's uneven tape is the "Magnificent Seven" stocks. Apple may be down off Verizon' s earnings and Nvidia also is a little lower, but both Club stocks closed at new highs Monday. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Nucor, Danaher, outlooked, We're, Larry Culp, Baker Hughes, Jim Cramer's, Jim Organizations: CNBC, ., GE Aerospace, Club, Apple, Verizon, Nvidia, Microsoft, Meta, Seagate Technology, chipmaker Texas, Enphase Energy, GE, Boston Scientific, Jim Cramer's Charitable Locations: Danaher

☆ Paddington Bear has been given a real British passport
▼ + stars: | 2024-10-22 | by ( Jack Guy | ) edition.cnn.com time to read: +2 min

London CNN —Paddington Bear, probably fiction’s best-known Peruvian, has been granted a passport by authorities in his adoptive country of Britain. Rob Silva, co-producer of the upcoming film “Paddington in Peru,” revealed the existence of the British passport in an interview with Radio Times magazine published Monday. In the film, the third in the hit series, the little bear (voiced by Ben Whishaw) travels home to Peru to visit his Aunt Lucy. The movie is inspired by the work of late children’s author Michael Bond, who created the character of Paddington Bear in 1958 book “A Bear Called Paddington,” which follows the adventures of a small orphaned bear as he travels from Peru to the British capital. “Paddington in Peru” follows his return to his homeland to visit his Aunt Lucy (voiced by Imelda Staunton) after he is issued with a passport.

Persons: Rob Silva, ”, Ben Whishaw, Lucy, “, –, ” Silva, Laura Rutkowski, they’ve, Silva, Michael Bond, Brown, Peru ”, Imelda Staunton, Dougal Wilson Organizations: London CNN, Paddington, British, Radio Times, Home Office, Paddington Bear, Home, Retired Bears, Paddington ” Locations: Paddington Bear, Britain, Peru, ”, Paddington, United Kingdom, United States

☆ Spotify is ready to follow Netflix and be the next breakout streaming stock, according to the charts
▼ + stars: | 2024-10-22 | by ( Todd Gordon | ) www.cnbc.com time to read: +3 min

The stock is consolidating just below all-time highs and if Netflix's move after earnings is any indication, I think SPOT should punch through to new all-time highs. We're currently trading at $386, just below the all-time highs of $387 set back in 2021. The earnings trajectory for this company has been insane: 2022 EPS ($3.09) 2023 EPS ($2.95) 2024 EPS +$6.37 2025 EPS +$9.06 (est.) Netflix beat expectations and broke to new all-time highs led by new subs, 50% of which are coming from an ad tier. Meta is also in the communication sector sitting close to new all-time highs like NFLX, so the trend for this group remains firmly higher.

Persons: Todd Gordon, Gordon Organizations: Spotify, Apple, Sirius XM, Tactical Alpha, Netflix, Meta, Facebook, Inside Edge, CNBC, NBC UNIVERSAL

☆ Sam's Club's CTO is leaving following parent company Walmart's return-to-office mandate
▼ + stars: | 2024-10-22 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +3 min

Sam's Club CTO Cheryl Ainoa is leaving following a return-to-office mandate, a company spokesperson confirmed. The company earlier this year required US corporate employees to work at one of three office hubs. AdvertisementA top Sam's Club executive is leaving their role following parent company Walmart's return-to-office mandate. Last week, Sam's Club CEO Chris Nicholas told BI that in-person work is helping the company innovate more quickly. If you are a Walmart or Sam's Club employee who wants to share your perspective, please contact Dominick via email or text/call/Signal at 646.768.4750.

Persons: Cheryl Ainoa, —, Walmart's, Cheryl Ainoa —, Chris Nicholas, Ainoa, Dominick Organizations: Sam's, Walmart, Service, Sam's Club, Business, Bloomberg, Amazon Locations: Bentonville , Arkansas, Walmart's Arkansas, New York, Bay, Bentonville, San Jose

☆ How to clean a garbage disposal, according to experts
▼ + stars: | 2024-10-21 | by ( Cory Fernandez | Cory Fernandez Is A Commerce Editor For Select On Nbc News. | ) www.nbcnews.com time to read: +11 min

That’s why learning how to clean your garbage disposal on a regular basis is key to maintaining a clean and odor-free kitchen. SKIP AHEAD How I picked the best products for cleaning a garbage disposal | The best products for cleaning a garbage disposal | How to clean a garbage disposal | Why trust NBC Select? Affresh Garbage Disposal Cleaner $ 11.94 Amazon What we like Abrasivesmall size Something to note Nothing to note at this timeCotter also recommends the brand Affresh for cleaning your garbage disposal. How to clean a garbage disposalHere how our experts recommend cleaning a garbage disposal to get rid of food buildup, grime and strong odors. You should clean your garbage disposal with a store-bought cleaner, such as Glisten, at least once a month, according to Cotter.

Persons: Kadi Dulude, Will Cotter, Cotter, seltzer, Meyers, ”, “, grout, TikTok Organizations: NBC, Facebook, Twitter Locations: Dulude

☆ Kenvue should be doing better on social media and on Amazon, says Jim Cramer
▼ + stars: | 2024-10-21 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

'Mad Money' host Jim Cramer looks at recent activist investor movement. Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email

Persons: Jim Cramer

☆ I've worked at Google, Amazon, and Uber. These are 3 common mistakes I see when people apply for tech jobs.
▼ + stars: | 2024-10-21 | by ( Ana Altchek | ) www.businessinsider.com time to read: +6 min

Alexandria Sauls worked at Amazon, Uber, and PayPal before landing a job at Google. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Related storiesI learned the "Star" format at Amazon and I've used this same format of responding at every company since. Each bullet should be the "R" of the "Star" format: "result." With résumé format, I don't have a super strong opinion.

Persons: Alexandria Sauls, Sauls, —, I've, Steer, you'll, It's, you've, Gray Organizations: Amazon, PayPal, Google, Service, Uber, LinkedIn, Big Tech Locations: Alexandria, Houston, New York City

☆ Nerdworld powerhouse Critical Role's 8 cofounders are taking their show on the road for a multi-city international tour
▼ + stars: | 2024-10-21 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +5 min

Critical Role is set to embark on a multi-city tour across the US and Australia in 2025. Ten years later, the crew behind "Critical Role" and the nerdworld business of the same name are taking their show on the road — for a multi-city tour. In 2023, they filled London's Wembley Arena and followed up with two other live shows in Los Angeles. "Embarking on a global journey to bring 'Critical Role' to the stage in brand new cities with our ragtag group of adventurers is nothing short of a dream," said Marisha Ray, cofounder and creative director at Critical Role. AdvertisementThe cast of Critical Role got famous playing "D&D" on Twitch, and now they're hitting the road for a multi-city tour.

Persons: —, Vox, Marisha Ray, Lavorre, CR's, Brennan Lee Mulligan, They'll, Travis Willingham, Willingham, Liam O'Brien, we've Organizations: Radio City Music Hall, Service, CR, Wembley, Chicago, Indianapolis, Gen Con, New York Comic Con, Hollywood Bowl, MGM, Garden Locations: Australia, Los Angeles, Chicago, Fishers, Indianapolis, Sydney, Melbourne, New York, New Jersey, York, Seattle, Las Vegas, South America, Singapore

☆ Stocks making the biggest moves premarket: Boeing, Kenvue, Humana, Warby Parker and more
▼ + stars: | 2024-10-21 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Humana , Cigna – Shares of both companies moved in opposite directions after Bloomberg, citing people familiar with the matter, reported that Cigna resumed merger talks with Humana. Humana gained more than 4% while Cigna fell a similar amount. UPS – Shares fell nearly 2% after a downgrade to underweight from equal weight at Barclays. Southwest Airlines – Shares dipped more than 1% before the market open. ASML – Shares fell more than 1% after Bernstein lowered its price target on the Dutch semiconductor equipment stock.

Persons: Johnson, Warby Parker, Goldman Sachs, Goldman, Cigna, Humana, Bernstein, —, Alex Harring, Samantha Subin, Jesse Pound, Hakyung Kim, Michelle Fox Theobald Organizations: Wall Street Journal, Johnson, Boeing, Bloomberg, Humana, –, Barclays, Amazon, Southwest Airlines, Elliott Investment Management, CNBC Locations: –

☆ Indian retail group seeks antitrust probe of quick commerce companies Swiggy, Blinkit, Zepto
▼ + stars: | 2024-10-21 | by ( ) www.cnbc.com time to read: +2 min

Zomato's Blinkit, Zepto, and Swiggy, which runs the Instamart delivery service and is backed by SoftBank , did not respond to Reuters queries. India's biggest group of retail distributors has asked the antitrust authority to investigate three quick commerce companies — Zomato's Blinkit, Swiggy and Zepto — for alleged predatory pricing, a letter showed on Sunday. "Implement protective measures for traditional distributors and small retailers to safeguard their interests," it urged the Competition Commission of India. Annual sales on Indian quick commerce platforms are set to exceed $6 billion this year, with Blinkit having a nearly 40% market share, while Swiggy and Zepto around 30% each, research firm Datum Intelligence said. Reflecting the strength of the quick commerce sector, Zomato's shares have doubled this year and Swiggy will in the coming weeks will launch its over $1 billion IPO.

Persons: Zomato's, SoftBank, —, Swiggy Organizations: India Consumer Products Distributors Federation, Nestle, Hindustan Unilever, Reuters, Competition Commission of India, Blinkit, Intelligence, Sunday Locations: India

☆ Ives: SAP will be a foundational player in the AI market.
▼ + stars: | 2024-10-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIves: SAP will be a foundational player in the AI market. Daniel Ives, Managing Director of Equity Research at Wedbush Securities, anticipates strong SAP growth in AI as 45% of workloads shift to the cloud, viewing SAP's earnings as a key indicator for Amazon and Google amid rising enterprise spending on AI.

Persons: Daniel Ives Organizations: Ives, SAP, Equity Research, Wedbush Securities, Google

☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Amazon, Reddit, Tesla, RH, Warby Parker, UPS and more
▼ + stars: | 2024-10-21 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Piper Sandler reiterates Tesla as overweight Piper says it's sticking with Tesla heading into earnings later this week. Morgan Stanley initiates BioAge Labs at overweight Morgan Stanley says the biotech company is well positioned. " Goldman Sachs upgrades Warby Parker to buy from neutral Goldman sees customer growth for the eyewear company. Morgan Stanley reiterates Home Depot as overweight Morgan Stanley raised its price target on Home Depot to $450 per share from $380. Morgan Stanley downgrades ServiceNow to equal weight from overweight Morgan Stanley said that expectations are already priced in to the stock.

Persons: John Donovan, Piper Sandler, Tesla, Piper, it's bullish, Morgan Stanley, Goldman Sachs, Warby Parker, Needham, Reddit, Gary Friedman, Jack Preston, Baird, TD Cowen, Cowen, Prologis, Goldman, Craig Felenstein, Jim Bombassei, Morgan Stanley downgrades ServiceNow Organizations: Deutsche Bank, GE Vernova, Deutsche, General Electric, BioAge, Barclays, UPS, FedEx, Dominion, Goldman, Nvidia, AMD, Mohawk Industries, JPMorgan, China EV, Catalyst, Bank of America, Fortune Locations: GitLab, NVDA, Europe, U.S, Las Vegas, China

☆ The Magnificent 7 stocks ranked from a tech investor that owns all of them
▼ + stars: | 2024-10-21 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Tech investor Ray Wang — who owns all Magnificent Seven stocks — laid out his rankings of favored tech plays on Monday. Wang equated the AI expansion to the Amazon 's early e-commerce buildout. Amazon is Wang's second favorite Magnificent Seven pick, followed by pure-play AI beneficiaries Microsoft and Alphabet . Wang also expects the company — along with Alphabet — to benefit from the political advertising season underway. Here's how each Magnificent Seven member is doing year to date: Nvidia: up 182% Amazon: up 22.8% Microsoft: up 10% Alphabet: up 17% Apple: up 22% Tesla: Down 12.4% Meta Platforms: up 61%

Persons: Ray Wang —, CNBC's, Wang, Tesla, Elon Organizations: Constellation Research, Nvidia, Microsoft, Apple

☆ Honeywell signs deal with Google to bring Gemini generative AI to industrial sector
▼ + stars: | 2024-10-21 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +5 min

"Everyone has that problem in industrials," he said at the recent CNBC Evolve AI Opportunity event. The Google AI will offer images, videos, text and sensor readings to engineers. According to Honeywell data, 82% of companies in the industrial sector that consider themselves AI leaders are behind on adoption, with only 17% having fully launched initial AI plans. Siemens and Microsoft announced a gen AI deal for the industrial sector late last year, which included an AI copilot for use across industries. "Awareness is high, adoption is low, but there will be an inflection point," he said at the recent CNBC AI event.

Persons: Rick Osterloh, Vimal Kapur, Kapur, Suresh Venkatarayalu, Carrie Tharp, Delangue Organizations: Devices, Google, Honeywell, CNBC, Honeywell Forge, Workers, Companies, Gemini, Amazon, Nvidia, Siemens, Microsoft Locations: Mountain View , California, industrials

Search resuls for: "Amazon"

25 mentions found