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☆ Elad Gil, tech's biggest solo capitalist, sees an AI app wave coming
▼ + stars: | 2024-02-14 | by ( Darius Rafieyan | Samantha Stokes | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementThe year of the "AI app layer"Gil sees 2024 as the year that the “AI app layer” will start to crystalize, bringing the power of rapidly advancing foundation models to the masses. For someone with so much skin in the AI game, it’s notable that Gil’s portfolio does not include the big foundation models companies like OpenAI, Anthropic, and Cohere. Gil says he has been impressed with how quickly the legacy tech companies have moved to corner the market on cutting-edge AI research. But with the Biden administration’s more robust antitrust posture, Gil says there’s a lot of much-needed consolidation that’s not happening.

Persons: —, OpenAI, Elad Gil, Harvey, Character.ai, “ We're, ” Gil, ChatGPT, Gil, Gil's, ”, “ they’ve, Biden, there’s Organizations: Service, Business, Twitter, Mixer Labs, Google, Apple, Fortune, “ Enterprises Locations: Airbnb, MistralAI, Silicon Valley

☆ Ukraine is struggling hard on land, but thrashing Russia repeatedly at sea
▼ + stars: | 2024-02-14 | by ( Tom Porter | Mia Jankowicz | ) www.businessinsider.com time to read: +7 min

AdvertisementIf confirmed, it would mark strike twenty-five in a remarkable kill streak that Ukraine told CNN represents the disabling of a full third of Russia's Black Sea Fleet. AdvertisementUkraine's most astonishing triumph came early, in April 2022, when it sank Russia's Black Sea flagship, the Moskva. "Ukraine has been extremely successful against the Black Sea Fleet, forcing Russia to relocate assets further away from Ukraine and the frontline," Germond told BI. AdvertisementDown, but not outIs Ukraine's Black Sea success a solution to Ukraine's stalled ground offensive? This means that any ships sunk result in a longer-term decrease in the Black Sea Fleet.

Persons: —, Caesar, Ukraine Navy's, Murad Sezer, Sahaidachny, MAX DELANY, it's, Basil Germond, Germond, Michael Kofman, ” Sidharth, Kaushal, Russia can’t, ” Organizations: Service, Business, Russia's Ministry of Defence, Ukraine, CNN, Reuters, Getty, Military, Lancaster University, Shadow, Black, The Carnegie Endowment, Planet Labs PBC, Labs, UK’s Ministry of Defence, Royal United Services Institute, Montreux Convention, NATO, Ukraine’s Ministry of Defence Locations: Ukraine, Crimea, Bosphorus, Sevastopol, Moskva, Russian, Syria, Rostov, Minsk, Russia, France, Novorossiysk, Odesa, Ukrainian

☆ 5 Presidential Libraries That Offer Culture, History and ‘Labs of Democracy’
▼ + stars: | 2024-02-13 | by ( Lauren Sloss | ) www.nytimes.com time to read: +1 min

As repositories of valuable historical documents and other records, U.S. presidential libraries have long been important destinations for scholars. The first library was established by Franklin D. Roosevelt and opened to the public in 1941. (President Hoover, liking what he saw of F.D.R.’s project, established his own retroactively, in 1962.) Fifteen libraries are managed by the Office of Presidential Libraries, a part of the National Archives and Records Administration — the Presidential Libraries Act, passed in 1955, established the system of privately built and federally maintained institutions — and 13 are currently open to visitors. “They give us the opportunity to learn about American democracy, and how the government functions.”With Presidents’ Day fast approaching, consider planning a visit to a presidential library.

Persons: —, Franklin D, Roosevelt, Hoover, James, Abraham Lincoln, Reagan, ”, Colleen Shogan Organizations: Presidential, National Archives, Records Administration, James Garfield, Historic, Abraham Lincoln Presidential Library and Museum, “, ’ Locations: Mentor , Ohio, Springfield , Ill, United States

☆ Gen Z Is the Most Unsatisfied With Work; for Them, a Job Is Just a Job
▼ + stars: | 2024-02-13 | by ( Eve Upton-Clark | ) www.businessinsider.com time to read: +11 min

And it could explain why Gen Z workers are so much more unsatisfied with their jobs than their older colleagues. Age plays a role in explaining the gap, but Gen Z is also entering the workforce at a unique time. In EY's 2023 Gen Z survey, more than 50% of Gen Zers said they were "extremely worried about not having enough money." For much of Gen Z, a job is just a job. In a Deloitte study from March, only 61% of Gen Z participants said their work was important to their identity.

Persons: Kimi Kaneshina isn't, Wyatt Co, Xers, Zers, millennials, Gen Zers, Aki Ito, That's, Kaneshina, Julia Kensbock, Kensbock, haven't, Kensbrock, —, Gen Z, Corey Seemiller, Seemiller, Felizitas, Z Organizations: Pew Research, Research, Business, University of Bremen, Bain, Co, Workers, Employers, Labs, CFA, LaSalle Network, Wright State University, YouTube, LinkedIn, Deloitte Locations: Southern California, Germany, TikTok, Felizitas Lichtenberg

Al-Shifa, Israeli officials have argued, is an example of Hamas’s willingness to use hospitals as cover and turn civilians into human shields. The portion of the tunnel visible in the Israeli military video is at least 350 feet long. But beyond accusing the Israeli military of planting evidence at hospitals, Hamas and Gazan officials have not directly refuted the evidence presented by Israel. The Israeli military declined to provide additional imagery to support its assertion that this was a tunnel entryway or part of a tunnel complex. Concrete sections of the Al-Shifa tunnel are visible in this still image from the video released by the Israeli military.

☆ For $350, you too can have glasses with 'AI superpowers' (and look like a modern-day Gandhi)
▼ + stars: | 2024-02-11 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

Brilliant Labs — a Singapore-based startup funded by the creator of Pokemon Go — just released Frame, a $350 pair of non-prescription glasses powered by a multimodal AI assistant called Noa. The glasses project visuals and information directly onto the lenses, so wearers can prompt them with requests for information about almost everything they see or hear. Frame projects visuals and information directly onto the lenses of the glasses. Similarly, the glasses can query both available live web sources and GPT-4 for nutritional information, Tavangar said. The AI startup Humane launched a nearly $700 Ai Pin in November that combines voice command with AI to answer questions, summarize texts, translate languages, and play music.

Persons: —, Noa, they’re, John Lennon, Steve Jobs, Gandhi, Justin Sullivan, OpenAI’s, Bobak Tavangar, Tavangar, ” Tavangar, Pin Organizations: Service, Business, Staff, Labs, buzzy Locations: Singapore

☆ Boeing Disaster Proves Americans Businesses Greedy Mentality Is Broken
▼ + stars: | 2024-02-11 | by ( Linette Lopez | ) www.businessinsider.com time to read: +16 min

They expose decades of American corporate philosophy gone awry. A good American company isn’t just a vehicle for financial returns; it is first and foremost an employer, a contributor to economic and/or technological innovation, and a source of US power. But it’s clear that what Boeing — and the entire American corporate body politic — needs is nothing short of a philosophical counterrevolution. Over these three decades of plenty for Boeing’s shareholders, the company’s staff was asked to penny-pinch. Boeing’s stock cratered, and France’s Airbus , a rival once colloquially known as “Scare Bus,” started to eat the American company’s lunch .

Persons: it’s, could’ve, William Lazonick, “, It’s, won’t, William McGee, T.A, Wilson, Frank Shrontz, Max, Peter Robison, —, ”, Dave Calhoun, we’ve, Scott Kirby, hasn’t, “ We’re, Lazonick, wasn’t, Milton Friedman, Michael Jensen, Jensen, nary, Jack Welch, Welch, Wall, ” Lazonick, We’ve, Mary Barra, ” McGee Organizations: Alaska Airlines, Boeing, Investments, University of Massachusetts, ”, NASA, Airbus, Alaska Airlines Max, Wall, United Airlines, Federal Aviation Administration, CNBC, Washington, University of Chicago, Electric, Wall Street, GE, Dow Jones, Securities and Exchange Commission, Reality Labs, Deutsche Bank, Business, General Motors, United Auto Workers, Companies, GM, & $ Locations: Washington, America

☆ More fake aircraft are popping up at Russian bases in a crude attempt to fool Ukraine
▼ + stars: | 2024-02-10 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

Image © Planet Labs PBCMozdok Air Base on Jan. 11, 2024. Image © Planet Labs PBCKrymsk Air Base on Nov. 10, 2023. Image © Planet Labs PBCGvardeyskoye Air Base on Dec. 5, 2023. Image © Planet Labs PBCA Russian airfield near Sevastopol, Crimea on Oct. 26, 2023. Image © Planet Labs PBCAnalysts say this widespread tactic is an attempt by Russia to try and fool Ukrainian weaponry from hitting actual targets.

Persons: —, Deception, Brady Africk, Africk, We've Organizations: Analysts, Service, Planet Labs PBC, Business Insider, Mozdok Air Base, Mozdok, Base, Planet, PBC Mozdok Air Base, PBC Mozdok, Krymsk Air Base, Krymsk, PBC Krymsk Air Base, Gvardeyskoye, PBC Gvardeyskoye Air Base, Belbek, Russian, Planet Labs, American Enterprise Institute, Twitter Locations: Russia, Ukraine, Moscow, Kyiv, Jan, Crimean, Mozdok, Kerch, Crimea, Sevastopol, Mar, Ukrainian

☆ Ex-Apple engineer sentenced to prison after pleading guilty to stealing trade secrets about self-driving car project
▼ + stars: | 2024-02-09 | by ( Ana Altchek | ) www.businessinsider.com time to read: +3 min

A former Apple engineer was sentenced to prison after pleading guilty to stealing trade secrets. Apple accused him of planning to sell trade secrets from when he worked on a car project from 2015 to 2018. AdvertisementFormer Apple employee Xiaolang Zhang has been sentenced to prison after pleading guilty to all charges of stealing trade secrets in August 2022. Apple's "Project Titan" autonomous car effort is years in the making and has faced numerous delays and pivots. An Apple car was initially rumored to come out in 2021, with speculation surrounding secret labs in Berlin and California.

Persons: Apple, —, Xiaolang Zhang, Zhang, Tim Cook didn't, wouldn't Organizations: Apple, Service, Guangzhou Xiaopeng Motors Technology, US, Office, New York Times, Northern, Northern District of Locations: Guangzhou, Berlin and California, Northern District, Northern District of California

☆ Opinion: Does marijuana cause psychosis? The answer is complicated
▼ + stars: | 2024-02-08 | by ( Opinion David L. Nathan | Peter Grinspoon | ) edition.cnn.com time to read: +8 min

Still, the question remains: Does cannabis truly cause psychosis and related diseases such as schizophrenia — or is this another overblown claim? It is especially important for us, as doctors, to untangle whether cannabis actually causes psychosis. Still, of all the drugs associated with this uncommon kind of psychosis, cannabis is the most common culprit. CBD products should only be purchased from reputable companies that test their products through independent labs and share the results. We shouldn’t jump to the conclusion that cannabis causes psychosis, but anyone who plans to use cannabis should know their personal risk factors and exercise caution accordingly.

Persons: David L, Peter Grinspoon, David Nathan Eli Nathan Dr, we’ve Organizations: Drug Policy, Harvard Medical School, Marijuana, Drug, CNN, Street Journal, US Food and Drug Administration Locations: hyperbolically

☆ Elon Musk's SpaceX was the satellite villain of the skies. It's taking a 'money hit' to try and fix the problem.
▼ + stars: | 2024-02-07 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +7 min

Read previewNEW ORLEANS — When SpaceX launched its first Starlink satellites, astronomers all over the world freaked out and the company quickly became a villain of the skies. Nonetheless, Starlink satellites — now more than 5,000 strong — are streaking across astronomers' views of the cosmos, ruining their data. SpaceX leads the way for changeA satellite trail streaks in front of galaxies in this image from the Hubble Space Telescope. The visors were a regular feature for many Starlink satellites until SpaceX added laser communications. AdvertisementChris Hofer, international team lead for Amazon's Project Kuiper internet satellites, told the astronomers in New Orleans that SpaceX's Starlink tinkering has been helpful.

Persons: —, James Lowenthal, Lowenthal, SpaceX isn't, Jonathan McDowell, McDowell, that's, Patricia Cooper, Elon Musk, Slaven Vlasic, They're, Chris Hofer, Hofer, Kristina Barkume, Barkume Organizations: Service, SpaceX, New York Times, Business, Times, Hubble, Telescope, NASA, ESA, American Astronomical Society, International Astronomical Union, CPS, Planet Labs, Amazon Locations: New Orleans

NEW YORK (AP) — Ever-present on the lips of Taylor Swift and the uniforms of both Super Bowl teams. The color red has gone boom as loud as TNT. The phenom that is Taylor Swift at boyfriend Travis Kelce's Kansas City Chiefs games was a red-hued wonder of a lead-up to Super Bowl LVIII. You can wear red accessories to add color to a more neutral look or throw on a red lip or red nail polish. THE RED VS. RED SUPER BOWLThe 49ers have some skin in the red fashion game, too, in running back Christian McCaffrey's fiancee, Olivia Culpo, and in Kristin Juszczyk, fullback Justin Juszczyk's wife.

Persons: Taylor Swift, Trav, Travis Kelce's, We've, we've, Pat McGrath, ”, Laurie Pressman, Stuart Semple, Erin Jaeger, it’s, Christian McCaffrey's, Olivia Culpo, Kristin Juszczyk, Justin Juszczyk's, Kristin, Jaeger, I’m, Sabato De Sarno, Gucci Rosso, ” Jaeger, Bianca Betancourt, Semple, Anish Kapoor, It's, “, Geothe, Michel Pastoureau's Organizations: Super Bowl, TNT, Travis Kelce's Kansas City Chiefs, Media, Chiefs, San Francisco 49ers, Pat McGrath Labs, FOOTBALL AS, North America, 49ers, Swift, Vogue Locations: Taylor, British, North, Paris, Milan, China, India

☆ Ro, the $7 billion healthcare startup, has a high-stakes strategy to take off-brand Ozempic mainstream
▼ + stars: | 2024-02-07 | by ( ) www.businessinsider.com time to read: +11 min

The $7 billion healthcare startup Ro, which has been prescribing brand-name weight-loss shots since January 2023, now offers compounded semaglutide to patients enrolled in its weight-management program. Nonetheless, Ro is the first prominent healthcare company to effectively endorse compounded semaglutide by prescribing it. A poor-quality compounded drug might simply be a dud and a waste of money. But while compounding pharmacies are subject to FDA and state regulations, states are the main regulators, and their oversight is patchy. Michael Siluk/UCG/Universal Images Group via Getty ImagesIt's hard to know if any given vial of compounded semaglutide is safe.

Persons: Wegovy's, Ro, drugmakers, Eli Lilly's, Eli Lilly's Mounjaro, Scott Gottlieb, Michael Siluk, That's, they've, Ozempic, Eli Lilly, Eric Kastango, they're, Kastango, aren't, Al Carter, Sarah Jones Simmer, Spencer Nadolsky, WeightWatchers, Tim Church, Wondr, it's, hasn't Organizations: Business, Novo Nordisk's Wegovy, US Food and Drug Administration, FDA, Novo Nordisk's Ozempic, Getty, Novo Nordisk, USP, National Association of, Pharmacy, Health Locations: Novo, Massachusetts, Austria, New York City

☆ We're making a small stock sale to add to our newest position in the portfolio
▼ + stars: | 2024-02-06 | by ( Jeff Marks | ) www.cnbc.com time to read: +2 min

We are buying 85 shares of Abbott Laboratories at roughly $113.91 and selling 60 shares of Procter & Gamble at roughly $158.97. We're making a small swap to add to our newest position in the portfolio. The quarter showed a 4% increase in organic sales, thanks to the consumer staple company's ability to raise prices on its products while also improving volumes. This momentum is expected to continue in 2024, with management forecasting organic sales to grow 8% to 10%. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, Abbott, Jim Cramer, Jim Organizations: Abbott Laboratories, Procter, Gamble, ABT, Abbott Labs, GE, CNBC

☆ Scientists discovered a surprising cooling trend on glaciers in Mount Everest 10 years ago. Now they think they know what's causing it.
▼ + stars: | 2024-02-06 | by ( Saugat Bolakhe | ) www.businessinsider.com time to read: +6 min

It's been collecting hourly data on measurements like the mountain's air temperature, total precipitation, humidity, and wind speed since the early '90s. On warm days, as sunlight heats the glaciers, the air just above the glacier's surface warms and rises. This creates a vacuum causing the cold air around the snowy peaks to rush down due to gravity. Then at night, the ice releases some of that stored heat energy, preventing the air temperature from dropping too low. The terrain has also gotten more technical as melting glaciers open up huge crevasses.

Persons: Everest, It's, Yifei Fang, Franco Salerno, Gordon Janow, Mount Rainier, We're, it's Organizations: Service, Nature, Business, Researchers, National Research Council, Institute of Polar Sciences Locations: Mt, Milan, Janow, Mount

☆ Startup funding is falling in most major cities. So why is Boston pulling ahead?
▼ + stars: | 2024-02-05 | by ( Melia Russell | Rebecca Torrence | ) www.businessinsider.com time to read: +8 min

AdvertisementThe Bay Area took the lion's share of capital raised on Carta in 2023, followed by Boston, then New York. AdvertisementAccording to Carta data, select metro areas saw the total early-stage funding raised decline by at least a third from 2022 to 2023. Yet early-stage funding was only down 24% in Boston, however, the smallest decrease of the metro areas that Carta tracks. According to Carta data, about $2.6 billion of capital raised in biotech flowed to Boston startups last year. Beyond biotechThe Carta data shows Boston also had strong showings across investment in software-as-a-service and hardware.

Persons: —, Zach Weinberg, Roche, Carta, Founders, that's, Rudina Seseri, Seseri, Peter Walker, Michael Greeley, Greeley, Mark Castleman, Castleman, Clement Cazalot, Cazalot, Walker Organizations: Service, Massachusetts Turnpike, Partners, Business, Carta, Boston, East Coast, Companies, Area, Flare Capital Partners, pharma, Intel Ignite, Glasswing Ventures, Founders, Machinery, Pritzker Group, Armory Square Ventures, Way Ventures, Klaviyo's, New York Stock Exchange Locations: Boston, New York City, East, Boston , Cambridge, Newton , Massachusetts, Newark, Jersey City , New Jersey, New York, San Francisco, Bay, France, Copley

☆ Former Drug Smugglers Share How Drug Trafficking Actually Works
▼ + stars: | 2024-02-05 | by ( Dylan Brzezinski | Ju Shardlow | ) www.businessinsider.com time to read: +1 min

Pieter Tritton, a former cocaine smuggler, speaks with Business Insider about trafficking cocaine from Ecuador to Europe through a cartel connection. Tritton was arrested in Ecuador and sentenced to 12 years in one of the world's most violent and corrupt prisons. David McMillan is a British Australian former drug smuggler. Shaun Attwood is a former drug smuggler who ran a successful ring trafficking MDMA pills in the US in the '90s. He speaks with BI about his experience with drug-dealing gangs and how the drug market works.

Persons: Pieter Tritton, Tritton, David McMillan, Adi Jaffe, Jaffe, Shaun Attwood, Attwood, Neil Woods, Woods, incapablestaircase.com Adi Jaffe, Neil Organizations: University of California Locations: Ecuador, Europe, British Australian, Southeast, Central Asia, Los Angeles, American

☆ Here's why Apple stock is still worth holding despite Wall Street's shortsightedness
▼ + stars: | 2024-02-04 | by ( Jim Cramer | ) www.cnbc.com time to read: +14 min

Asked a double-edged question: "What can you do to make my Apple stock go up." On Friday, we had so many storylines going it is hard to get your head around Apple's Vision Pro launch and its import. Most of all, however, the customer satisfaction level allows him to experiment with something really radical: the Vision Pro. No one is buzzing about how Apple can't meet demand for the Vision Pro. People walk in an Apple store on the day the Vision Pro headset goes on sale in Los Angeles, Feb. 2, 2024.

Persons: Apple's, Mark Zuckerberg, Zuckerberg, Matt Horween, Tim Cook, Cook, AirPods, Goldman Sachs, Apple, Ray, that's, Jim Cramer's, Jim Cramer, Jim, Mike Blake Organizations: Costco, Apple, Meta, Apple's Vision, Web Services, Reality Labs, Dow Jones Transportation, Federal Reserve, Huawei, Vision, Major League Soccer, CNBC Locations: China, Republic of China, Los Angeles

☆ Great bosses encourage these 3 things in the workplace to boost employee success, says CEO: 'It's a big’ deal
▼ + stars: | 2024-02-02 | by ( Ashton Jackson | ) www.cnbc.com time to read: +1 min

Imagine this: You go to the office to grab your morning coffee and some conversation with your team. This is called "coffee badging," and more bosses should get behind it instead of forcing strict in-office mandates, says Frank Weishaupt, CEO of Boston-based Owl Labs, which makes video conferencing equipment. Employees agree, with 58% of hybrid workers saying they coffee badge, according to Owl Labs' 2023 State of Hybrid Work report. In 2024, great bosses will ditch their outdated workplace practices, according to Weishaupt, who has more than 20 years of executive experience at companies ranging from startups to Yahoo. Here are two other things that great bosses will encourage at work this year, he says:

Persons: Frank Weishaupt, Weishaupt Organizations: Boston, Owl Labs, CNBC, Employees, Yahoo

☆ Jim Cramer considers buying this chemical stock on weakness ahead of earnings
▼ + stars: | 2024-02-02 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer releases the Homestretch audio feature in time for the last hour of trading on Wall Street. Tale of two tech winners: Meta is on the verge of having the largest gain in the history of the stock market. 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, it's, Jim, Linde, Stanley Black, Decker, Estee Lauder, Jim Cramer's Organizations: CNBC, Nvidia, Apple, Charitable Trust, Meta, Walgreens, Costco, Abbott Labs, Constellation Brands, Jim Cramer's Charitable Locations: Meta

☆ Pat McGrath: How the legendary makeup artist created these looks at the Maison Margiela show
▼ + stars: | 2024-02-02 | by ( Claire Coleman | ) edition.cnn.com time to read: +5 min

CNN —It’s been more than a week since the looks created by makeup artist Pat McGrath for last week’s Maison Margiela couture show captured collective imaginations, and the internet is still abuzz. The legendary creative — deemed the most influential makeup artist in the world by Vogue magazine — transformed models into living dolls, complete with porcelain skin, pencil-thin eyebrows and strikingly shaded eyes, lips and cheeks. While “glass skin” was all about leaving the face bare but with a glistening sheen, 2020s “dolphin skin” trend took things to the next level. The last decade has seen a range of trends celebrating skin with a high sheen, from so-called "glass skin" to 2022's "glazed donut" look. Pat McGrath LabsLike “glass skin” before it, “dolphin skin” was a sensation on social media, but not everyone was a fan.

Persons: CNN — It’s, Pat McGrath, —, McGrath, Pat, influencers, Mary Phillips, skincare, Andy Millward, Hailey Bieber, Monika, Gemma Chan, Jessica Alba, Kate Hudson, Megan Fox, ” Pat McGrath, Charles Sykes, you’ve Organizations: CNN, Vogue, Maison, Pat McGrath Labs, Margiela, Clio Locations: Korea

☆ Meta's Zuckerberg sees $28 billion windfall after shares rocket
▼ + stars: | 2024-02-02 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Meta CEO and co-founder Mark Zuckerberg has 28 billion reasons to celebrate the company's gangbuster quarter. As of Friday's close, Zuckerberg is the richest he has ever been, thanks to a 22% surge in Meta stock that has left him with a $28 billion paper windfall. The CEO now has a net worth of $165 billion, making him wealthier than Microsoft co-founder Bill Gates. It is a remarkable change of fortune for a man whose net worth is closely tied to the performance of Meta stock. In 2021, Zuckerberg's net worth peaked at around $142 billion, according to the Bloomberg Billionaires Index, as the Nasdaq reached a fresh high.

Persons: Mark Zuckerberg, Zuckerberg, Bill Gates, He'll Organizations: Facebook, Meta, Microsoft, Bloomberg, Nasdaq, Investors, Reality Labs, CNBC PRO

☆ Why Meta's shiny new dividend and whopping $50 billion buyback plan may divide investors
▼ + stars: | 2024-02-02 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Mark Zuckerberg's Meta declared its first dividend and another $50 billion in approved buybacks. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMeta announced its first dividend and another $50 billion of authorized stock buybacks in its fourth-quarter earnings on Thursday. The social-media giant is clearly eager to reward its shareholders, but its latest moves could divide investors. Meta's new dividend and large-scale buybacks are intended to show it values its shareholders and wants to reward them.

Persons: Mark Zuckerberg's Meta, Warren Buffett, —, Susan Li, Nigel Green, Tesla, Instagram, Warren Buffett's Berkshire Hathaway doesn't, allocator, Buffett, Zuckerberg, Apple's buybacks, Kraft Heinz Organizations: Service, Meta, Reality Labs, Facebook, Warren, buybacks, Chevron, Kraft

☆ Meta's stock could rise 50% in 2 years, pro says, as shares soar in premarket trade
▼ + stars: | 2024-02-02 | by ( Katrina Bishop | ) www.cnbc.com time to read: +2 min

Meta stock has serious upside potential, according to Deepwater Asset Management's Gene Munster, who said things at the company were looking good and will "likely get better." Meta stock was up over 16% in premarket trade early Friday, after the tech giant reported better-than-expected results and announced its first-ever dividend payment. Asked whether Meta could potentially become a $700 stock, Munster said: "This is not a formal price target, but yes, I believe this can go up 50% over the next couple of years." META 1Y mountain Meta stock Munster's call follows fourth-quarter earnings that surprised both investors and analysts. "I think that things are good at Meta , but they will likely get better," he added.

Persons: Gene Munster, LSEG, Meta, Munster, —, Jonathan Vanian Organizations: Munster, Deepwater, Reality Labs, Apple, Vision, Meta

☆ Tech execs are telling investors they have to spend money to make money on AI
▼ + stars: | 2024-02-02 | by ( Hayden Field | ) www.cnbc.com time to read: +10 min

One theme investors heard repeatedly from top execs is that, when it comes to AI, they have to spend money to make money. Last year marked the beginning of the generative AI boom, as companies raced to embed increasingly sophisticated chatbots and assistants across key products. One key priority area, based on the latest earnings calls, is AI models-as-a-service, or large AI models that clients can use and customize according to their needs. Alphabet executives highlighted Vertex AI, a Google product that offers more than 130 generative AI models for use by developers and enterprise clients such as Samsung and Shutterstock. Alphabet executives touted Google's Duet AI, or "packaged AI agents" for Google Workspace and Google Cloud, designed to boost productivity and complete simple tasks.

Persons: Sundar Pichai, Mandel Ngan, Satya Nadella, Mark Zuckerberg, Josh Edelson, Zuckerberg, Nadella, Amy Hood, Pichai, You've, durably, Ruth Porat, Andy Jassy, Jassy, Tim Cook, Cook, Thos Robinson, Microsoft's, Rufus, Bard Organizations: Artificial Intelligence, AFP, Getty, Microsoft, Apple, Nvidia, Meta, Google, Amazon, New York Times, Samsung, GE, Spotify, Pfizer Locations: Washington ,, Menlo Park , California, LLMs, New York City

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