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☆ India’s election campaign turns negative as Modi and ruling party embrace Islamophobic rhetoric
▼ + stars: | 2024-05-28 | by ( Rhea Mogul | ) edition.cnn.com time to read: +9 min

CNN —Indian Prime Minister Narendra Modi is increasingly resorting to overtly Islamophobic language during his election campaign, critics and observers say, as he seeks a third straight term governing the world’s most populous nation. It’s coming directly from the prime minister. The BJP did not respond to a request for comment on the rhetoric being used by party leaders during this campaign. The prime minister has set an ambitious target for his alliance to win 400 seats in the country’s Lok Sabha, or lower house of Parliament, in this election. BJP party spokespeople subsequently said Modi was talking specifically about undocumented migrants.

Persons: Narendra Modi, –, Modi, we’ve, ” Milan Vaishnav, “, surrogates, “ Modi, it’s, ”, Asim Ali, It’s, ” Modi, he’s, Jaiveer Shergill, Irfan Nooruddin, Weeks, Arvind Kejriwal, Ali, Santosh Kumar, Alishan Jafri, Vaishnav, ” Nooruddin, Prakash Singh, spokespeople Organizations: CNN, Indian, Bharatiya Janata Party, BJP, South Asia, Carnegie Endowment, International, Home Minister, Indian National Congress, “, Georgetown University, Indian Army, Hindustan Times, Bloomberg, Getty Locations: “, BJP, Lok, Delhi, Pataliputra, India, Australia, United States, China, Britain, Muzaffarnagar district, Uttar Pradesh

☆ Modi's strongman rule raises questions about India's 'democratic decline' as he seeks a third term
▼ + stars: | 2024-05-17 | by ( Sumathi Bala | ) www.cnbc.com time to read: +8 min

Narendra Modi, India's prime minister, center, during a campaign rally in Agra, Uttar Pradesh, India, on Thursday, April 25, 2024. Photographer: Prakash Singh/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty ImagesA decade into power, India's Prime Minister Narendra Modi appears set to secure a rare third term, with the general elections now underway. Opposition 'witch hunt'Ahead of the elections, India's main opposition — the National Congress party — accused the Modi government of freezing its bank accounts. "This is a criminal action on the Congress party done by the prime minister and the home minister," said Congress leader Rahul Gandhi in a fiery attack. "During Manmohan Singh's time, India was also growing very fast," he added, referring to the economic reforms under the former prime minister in the 1990s.

Persons: Narendra Modi, India's, Modi, Prakash Singh, Asim Ali, Ali, Milan, Modi's, —, Rahul Gandhi, Chietigj Bajpaee, Arvind Kejriwal, consecrating, Ronojoy Sen, Neelanjan Sircar, Manmohan Singh's, Sircar Organizations: Bloomberg, Getty Images Bloomberg, Getty, India's, East, CNBC, Dem, Freedom House, Carnegie Endowment, International Peace, Newsweek, Bharatiya Janata Party, National Congress, South Asia, Chatham House, Aam Aadmi Party, Modi's BJP, BJP, Institute of South Asian Studies, Centre for Policy Research Locations: Agra, Uttar Pradesh, India, East Asia, New Delhi, Sweden, U.S, Milan Vaishnav, South Asia, Gujarat, Ali, Delhi, Lok, Ayodhya, Ayodhya —, BJP

☆ The biggest risk corporations see in gen AI usage isn't hallucinations
▼ + stars: | 2024-05-16 | by ( Rachel Curry | ) www.cnbc.com time to read: +6 min

Meanwhile, 45% of organizations encountered unintended data exposure when implementing AI solutions, according to AvePoint's 2024 AI and Information Management Report. "It's often what we call dark data," Simberkoff said. So how do leaders improve data permissions and protections in light of or, ideally, before AI implementation? "It's making your end users aware of the information you're responsible for. "When you're using AI, it's really important to make sure that you're checking it and that you're using it for its purpose."

Persons: Dana Simberkoff, Simberkoff, Arvind Jain, Jain, Jason Hardy, Hardy, it's, they're Organizations: Microsoft, CNBC, Hitachi Vantara

☆ Palo Alto Networks is buying security assets from IBM to expand customer base
▼ + stars: | 2024-05-15 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Nikesh Arora CEO & Chairman Palo Alto Networks, speaking on CNBC's Squawk Box at the WEF Annual Meeting in Davos, Switzerland on Jan. 16th, 2024. Palo Alto Networks is buying cloud security software assets from IBM as part of a broader partnership that will give the cybersecurity company access to more consultants and a bigger customer base. Consolidation has been ramping up in the security software industry as companies gear up for a swarm of attacks spawned by artificial intelligence. Palo Alto will incorporate IBM's Watsonx large language models into Cortex Xsiam, in addition to its use of models from Google . The SIEM category has been around for over 20 years, but Palo Alto just introduced Cortex Xsiam two years ago.

Persons: Nikesh Arora, Thoma Bravo's LogRhythm, Palo, Arora, he'd, Arvind Krishna, It's Organizations: Alto Networks, Palo Alto Networks, IBM, Palo Alto, Cisco, Splunk, Exabeam, CNBC, Palo, Google Locations: Davos, Switzerland, Palo, SIEM, cybersecurity, Palo Alto

☆ Watch CNBC's full interview with IBM CEO Arvind Krishna and Palo Alto Networks' CEO Nikesh Arora
▼ + stars: | 2024-05-15 | 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 EmailWatch CNBC's full interview with IBM CEO Arvind Krishna and Palo Alto Networks' CEO Nikesh AroraIBM CEO Arvind Krishna and Palo Alto Networks' CEO Nikesh Arora join 'Closing Bell Overtime' to discuss their recently announced partnership, how the two will collaborate on cybersecurity, how the partnership will integrate AI, and more.

Persons: Arvind Krishna, Nikesh Arora Organizations: IBM, Palo Alto Networks Locations: Palo

☆ Palo Alto Networks' CEO Nikesh Arora: Agreement with IBM 'far-reaching'
▼ + stars: | 2024-05-15 | 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 EmailPalo Alto Networks' CEO Nikesh Arora: Agreement with IBM 'far-reaching'IBM CEO Arvind Krishna and Palo Alto Networks' CEO Nikesh Arora join 'Closing Bell Overtime' to discuss their recently announced partnership, how the two will collaborate on cybersecurity, how the partnership will integrate AI, and more.

Persons: Nikesh Arora, Arvind Krishna Organizations: Networks, IBM, Palo Alto Networks Locations: Palo

Jefferies raised its price target on the artificial intelligence chipmaker, calling for more than 30% upside. Analyst Biju Perincheril downgraded shares to neutral from positive and slashed his price target by $36 to $56. Ramnani's $531 price target implies upside of 16.2% for Mastercard, while he sees Visa shares advancing 14.7% to $322. — Alex Harring 5:39 a.m.: Jefferies raises Nvidia price target Nvidia's gains won't stop anytime soon, according to Jefferies. After an analyst change, the firm kept its buy rating and raised its price target to $1,200 from $780.

Persons: Jefferies, Biju Perincheril, SolarEdge, Perincheril, — Alex Harring, Tom O'Malley, O'Malley, Seth Seifman, We've, Seifman, Morgan Stanley, Dara Mohsenian, Mohsenian, Alex Harring, Piper Sandler, Arvind Ramnani, Ramnani, Achal Kumar, Kumar, Delta, Blayne Curtis, NVDA, Curtis, Fred Imbert Organizations: CNBC, Nvidia, HSBC, American Airlines, Susquehanna, FactSet, Wall, Micron, Barclays, JPMorgan, GE Aerospace, GE, PepsiCo, Pepsi, PEP, Mastercard, Visa, Technology, Delta Locations: Delta, United, Europe, Monday's premarket

☆ A 19-year-old called 911 in a crisis and ended up dead. For advocates, it’s a call for a better way of policing
▼ + stars: | 2024-05-12 | by ( Zoe Sottile | ) edition.cnn.com time to read: +12 min

In New York, a similar but limited pilot program called “B-Heard” dispatches EMTs and trained mental health responders to some emergency calls. 2 minutes, 4 gunshots, and a young life cut shortRozario was in the throes of an apparent mental health crisis when he called 911 on March 27. Another vision for crisis interventionRozario wasn’t the first New Yorker to die at the hands of police while experiencing a mental health crisis. Community Access, a non-profit supporting people with mental health concerns in New York, says at least 26 New Yorkers experiencing mental health crises have been shot and killed by police since 2007. “No mother should have to go through the pain I’m going through,” Rozario’s mother said.

Persons: CNN —, ” Notan Eva Costa, “, ” Costa, ”, general’s, Win Rozario, Rozario, EMTs, Loyda Colón, Utsho, “ Tell, Colón, ” Colón, Michael Alcazar, Kawaski Trawick, Deborah Danner, Mohamed Bah, Jeremy Gates, Evan Thompkins, ” Arvind Sooknanan, Sooknanan, Ken Zimmerman, Fountain, they’ve Organizations: CNN, New, New York City, Rozario, NYPD, Justice, John Jay College of Criminal, Eugene Police Department, White Bird Clinic, “, STAR, Fountain House Locations: Queens, New York, New York City, Eugene , Oregon, Denver , Colorado, South Dakota, Rozario, Alcazar, Eugene, Springfield , Oregon, Colorado, Denver, Fountain

☆ IBM CEO Arvind Krishna on revenue miss, consulting business and HashiCorp acquisition
▼ + stars: | 2024-05-06 | 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 EmailIBM CEO Arvind Krishna on revenue miss, consulting business and HashiCorp acquisitionIBM CEO Arvind Krishna joins 'Money Movers' to discuss the company's revenue miss, company outlook, and consulting business.

Persons: Arvind Krishna

☆ IBM to acquire HashiCorp in $6.4 billion deal, reports another revenue miss
▼ + stars: | 2024-04-24 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

On Tuesday, The Wall Street Journal reported that IBM was getting close to acquiring HashiCorp, sending shares upward. In 2021 HashiCorp shares started trading on the Nasdaq. HashiCorp shares moved 4% higher in extended trading following the acquisition announcement. Revenue from software, at $5.90 billion, increased about 6% and was below the $5.96 billion consensus among analysts surveyed by StreetAccount. Notwithstanding the after-hours move, IBM shares are up about 13% so far this year, outperforming the S&P 500 index, which is up 6% over the same period.

Persons: Arvind Krishna, Dave McJannet, Rob Thomas, IBM's, HashiCorp Organizations: Economic, IBM, HashiCorp, Street Journal, Bloomberg, Linux, Nasdaq, LSEG, StreetAccount, Weather Company, Francisco Partners Locations: Davos, Switzerland

☆ In India’s 2024 election, BJP’s main opposition appears increasingly weak in face of Modi juggernaut
▼ + stars: | 2024-04-20 | by ( Helen Regan | Rhea Mogul | ) edition.cnn.com time to read: +21 min

Supporters of India's opposition party, Indian National Congress, during an election rally in Puducherry on April 15, 2024 R. Satish Babu/AFP/Getty ImagesDemocracy under threat? Dipam Bhachech/Hulton Archive/Getty Images Modi worked his way through the ranks of the BJP, establishing himself as a respected politician. Tobias Schwarz/AFP/Getty Images Modi hugs French President Emmanuel Macron after a ceremony at the Arc de Triomphe in Paris, on June 3, 2017. Brent Lewin/Bloomberg/Getty Images India's Prime Minister Narendra Modi addresses Congress at the US Capitol in Washington, DC, on June 22, 2023. Pedro Ugarte/AFP/Getty Images Modi offers a toast during a State Dinner with President Joe Biden at the White House in Washington, on June 22, 2023.

Persons: ”, Narendra Modi, Mallikarjun Kharge, Indira Gandhi, Gandhi, ” Hazari Lal Rajput, Satish Babu, Modi, Modi’s, Matthew Abbott, Hiraben, Damodardas, Dipam Bhachech, Lal Krishna Advani, Subhas Chandra Bose, Kalpit Bhachech, Kalpit, Negi Yasbant, Amit Dave, Ajit Solanki, Kevin Frayer, Saurabh Das, AP Modi, Manish Swarup, Lucas Jackson, Barack Obama, Adrien Helou, Reuters Modi, Adnan Abidi, Stringer, Mark Zuckerberg, David Paul Morris, Marco Longari, Angela Merkel, Tobias Schwarz, Emmanuel Macron, Charles Platiau, Saudi Arabia's Crown Prince Mohammed bin Salman, India's, Jair Bolsonaro, Vladimir Putin, Xi Jinping, Amit Shah, Money Sharma, Boris Johnson, Phil Noble, Anthony Albanese, Brent Lewin, Pedro Ugarte, Joe Biden, Doug Mills, Paul Mashatile, Jacoline, Imtiyaz Khan, Amr Alfiky, Arati Jerath, “, it’s, Rahul Gandhi, Rajiv Gandhi, Indira, India’s, Jawaharlal Nehru, gunning, ” Modi, shouldn’t, Mohammad Irfan, —, Arvind Kejriwal, Altaf Qadri, Kejriwal, Atishi, you’re, Jerath, Gandhi ‘, ’ Modi, Christophe Jaffrelot, CNN Modi, Rasheed Kidwai, Rahul, Diptendu Dutta, Mamata Banerjee, Muthuvel Karunanidhi Stalin, ” Kidwai, ” Jerath Organizations: CNN, Bharatiya Janata Party, BJP, Indian National Congress, Getty, Democracy, Modi’s BJP, Pew, New York Times, Rashtriya Swayamsevak Sangh, Modi, Hospital, Narendra, India Today, AP, India's, Madison, Garden, Reuters, Washington , D.C, French National Space Agency, of Yoga, Meta, Facebook, Bloomberg, European, Saudi Arabia's Crown, Rashtrapati Bhavan, Kyodo, British, Summit, Qudos Bank, White, Anadolu Agency, Anadolu, United, United Arab Emirates, Developmental Inclusive Alliance, Indian, Aadmi Party, Delhi, AAP, Aam Aadmi Party, All, Trinamool, West, All India, Congress, “, “ Democracy Locations: India, Uttar Pradesh, Ramlila, Puducherry, Modi’s, Sydney, Australia, Gujarat, Ahmedabad, Ahmadabad, Varanasi, New Delhi, United States, Washington, Washington ,, Toulouse, France, Xian, AFP, Menlo Park , California, U.S, Pretoria, South Africa, China, Berlin, Paris, Rashtrapati, Russian, Brasilia, Glasgow, Red, Ayodhya, Abu Dhabi, United Arab, INDIA, Delhi, India’s, Lok Sabha, Atishi, ”, Manipur, Siliguri, West Bengal, Tamil

☆ India general election 2024: What to know about the world’s biggest vote
▼ + stars: | 2024-04-12 | by ( Helen Regan | Rhea Mogul | ) edition.cnn.com time to read: +9 min

Under Modi, India has become the world’s fastest growing major economy, pushing the country of 1.4 billion people to near-superpower status. Here’s what you need to know about the largest election in human history:How does India vote? Prime Minister Narendra Modi addresses his supporters during an election campaign rally in Pushkar on April 6, 2024. Congress senior party leader Rahul Gandhi during the release of the party manifesto on April 5, 2024 in New Delhi. The ruling BJP’s symbol is a lotus, while the Congress party is a raised, open-palmed hand.

Persons: Narendra Modi, Modi, Noah Seelam, Rahul Gandhi, Arvind Kejriwal, Congress ’ Mamata Banerjee, Muthuvel Karunanidhi Stalin, Himanshu Sharma, Modi’s, Kejriwal, Sanjeev Verma, Nasir Kachroo, Biju Boro Organizations: CNN, Bharatiya Janata Party, BJP, European Union, Getty, Indian National Congress, Congress, Developmental Inclusive Alliance, Aam Aadmi Party, Delhi, West, All India, Modi, Hindustan Times, Minorities, Analysts, Bahujan Samaj Party, Farmers, for Media Studies Locations: India, United States, Russia, Lok, Hyderabad, AFP, INDIA, West Bengal, Tamil, Pushkar, Delhi, New Delhi, Ayodhya, Agriculture, Himachal Pradesh, China, Lohore Sapori, Assam

☆ IBM's marketing chief explains how the company is harnessing AI to boost productivity
▼ + stars: | 2024-04-09 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +6 min

IBM aims to be "client zero" of the AI products it sells to clients, marketing chief Jonathan Adashek said. He said AI has augmented the work IBM staffers do and even made its ads more effective. In April 2020, our CEO Arvind Krishna said IBM is going to be the leading hybrid cloud and AI company. That means acquisitions, that means divestitures, that means prioritizing some areas of work over others. Dropping 'hybrid work' from the return-to-office vernacularI think a lot of what drives productivity in the wrong direction is when you get people not focused on the must-haves and spending more time on the nice-to-dos.

Persons: Jonathan Adashek, —, Arvind Krishna, we've, Intentionality Organizations: IBM, Service, Adobe, Masters, Java

New Delhi CNN —India’s Ministry of External Affairs summoned a US State Department official after the department called for a fair legal process for opposition leader and Delhi chief minister Arvind Kejriwal following his arrest last week. “We take strong objection to the remarks of the Spokesperson of the US State Department about certain legal proceedings in India,” the Ministry said in a statement Wednesday. The Ministry of External Affairs on Wednesday summoned Gloria Berbena, the State Department Minister-Counselor for Public Diplomacy, according to a diplomatic officer with knowledge of the matter. At a briefing later on Wednesday, State Department spokesperson Matthew Miller declined to discuss “private diplomatic conversations” when asked about Berbena’s summoning, but stood by the department’s previous comments. India’s main opposition, the Indian National Congress, has also accused the BJP of using the tax department to “cripple” their finances.

Persons: Arvind Kejriwal, Gloria Berbena, Matthew Miller, ” Miller, Kejriwal, Modi, Narendra Modi’s, Kejriwal’s, ” Organizations: New, New Delhi CNN — India’s, External Affairs, US State Department, Affairs, State Department, Public Diplomacy, State, Aam Aadmi Party, Indian National Congress, Human Rights, Amnesty, India Locations: New Delhi, Delhi, India

DEIR AL-BALAH, Gaza (AP) — An international team of doctors visiting a hospital in central Gaza was prepared for the worst. But the gruesome impact Israel’s war against Hamas is having on Palestinian children still left them stunned. These gut-wrenching casualties were described to The Associated Press by Tanya Haj-Hassan, a pediatric intensive-care doctor from Jordan, following a 10-hour overnight shift at Al-Aqsa Martyrs Hospital in the town of Deir al-Balah. After nearly six months of war, Gaza’s health sector has been decimated. In the early stages of the war, Israel severely limited the entry of food, fuel and medical supplies into Gaza.

Persons: Tanya Haj, Hassan, “, ” Haj, Arvind Das, Mustafa Abu Qassim, ”, Abu Qassim, “ It’s, ___ Chehayeb Organizations: Hamas, Associated, Aqsa Martyrs Hospital, International Rescue Committee, Medical Aid, World Health Organization, Health Ministry, Israel Locations: DEIR, Gaza, Jordan, Al, Aqsa, Deir, Haj, Israeli Israel, Israel, Gaza's, Beirut, ___, israel

☆ 10 things to watch in the stock market Thursday, including inflation, Nvidia, Broadcom, Microsoft
▼ + stars: | 2024-03-14 | by ( Zev Fima | ) www.cnbc.com time to read: +4 min

Morgan Stanley analysts say, "Within internet coverage group, the survey results were most bullish for OW (overweight) META . Evercore ISI raises its Netflix price target to $640 per share from $600, reiterating its buy-equivalent rating. The analysts say the turnaround at IBM continues, citing "a defensive portfolio, attractive dividend yield, and underappreciated AI capabilities." Goldman Sachs research analysts upgrade shares of Citigroup to buy from neutral with a $68-per-share price target. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Steven Mnuchin, ByteDance, Mnuchin, Morgan Stanley, Bernstein, Mizuho, Arvind Krishna, Goldman Sachs, Wells, Dick's, Jim Cramer's, Jim Cramer, Jim Organizations: PPI, CPI, CNBC, U.S, Community Bancorp, Facebook, Nvidia, Broadcom, Citi, Micron, Microsoft, Security, Disney, Amazon, Bank of America, IBM, Citigroup, Dick's, Goods, Jim Cramer's Charitable Locations: New, Japan

☆ IBM is slashing jobs in marketing and communications
▼ + stars: | 2024-03-12 | by ( Hayden Field | ) www.cnbc.com time to read: +2 min

POLAND - 2023/09/11: In this photo illustration, IBM logo seen displayed on a smartphone with Artifical Intelligence (AI) symbols in the background. IBM on Tuesday told employees in its marketing and communications division that it's slashing the size of its staff, according to a person with knowledge of the matter. IBM said on its earnings call in January of last year that it was cutting 3,900 positions. In May, IBM announced WatsonX, billed as a development studio for companies to "train, tune and deploy" machine-learning models. Nearly two years ago, IBM sold its Watson Health unit for an undisclosed amount to private equity firm Francisco Partners.

Persons: Jonathan Adashek, hasn't, didn't, Arvind Krishna, James Kavanaugh, Watson, Krishna Organizations: IBM, Artifical Intelligence, CNBC, Unity, Microsoft, Google, Health, Francisco Partners Locations: POLAND

☆ A Showcase for Israeli Property Creates Rancor in a Diverse Town
▼ + stars: | 2024-03-11 | by ( John Leland | Arvind Dilawar | ) www.nytimes.com time to read: +1 min

Hundreds of demonstrators protested on Sunday outside an Orthodox Jewish synagogue in Teaneck, N.J., where 35 Israeli real estate companies were promoting their properties to potential American buyers. Cars honked in support, or drivers and passengers flung vitriol at the demonstrators. The demonstrators traded profanities and taunts with a much smaller group of pro-Israel counter-demonstrators, and police had to break up a few potential fights, but overall they kept the two groups separated. The real estate show, at Congregation Keter Torah, is one of several in the area this month that have sparked heated protests. And just before the local events, at a sales event outside Toronto last weekend, a man was arrested on charges of attacking pro-Palestinian demonstrators with a nail gun.

Persons: Israel, profanities Organizations: Jewish, Keter, Toronto Locations: Teaneck, N.J, Israel

☆ AI is not ready for primetime
▼ + stars: | 2024-03-10 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +7 min

Generative AI tools, including ChatGPT, have been alleged to violate copyright. That’s not stopping Big Tech companies and AI firms, which continue to hook consumers and businesses on new features and capabilities. “Access to major generative AI systems in widespread use is controlled by a few companies,” said Venkatasubramanian, noting that these systems easily make errors and can produce damaging content. He believes bolder reforms may be necessary too, such as taxing AI companies to fund social safety nets. For now, current day generative AI users must understand the limitations and challenges of using products that are still quite far from where they need to be.

Persons: ”, Taylor Swift, Joe Biden, Mandel Ngan, That’s, OpenAI, Elon Musk, Elon Musk Gonzalo Fuentes, ” Suresh Venkatasubramanian, Venkatasubramanian, ” Arvind Narayanan, CNN he’s, Narayanan, “, ChatGPT, Bard –, haven’t, ” Gemini, Brian Fung Organizations: CNN, Chamber, Getty, Big Tech, Microsoft, Google, Reuters, Brown University, “, White, Office of Science, Technology, Management, Executive, Princeton, “ Tech Locations: Washington ,, AFP, New Hampshire

☆ AI startup Glean lures Citigroup as investor at $2.2 billion valuation after revenue quadruples
▼ + stars: | 2024-02-27 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Arvind Jain, co-founder and CEO of Glean, makes a selfie with employees of the startup, which is based in Palo Alto, Calif. Artificial intelligence startup Glean attracted tech companies Databricks and Workday into its latest investment round. Glean, whose software sifts through corporate repositories to provide quick answers to workers' questions, said Tuesday that it's raised $200 million at a $2.2 billion valuation. Glean's annualized revenue at the end of January was $39 million, up from $10 million a year earlier. While Glean initially targeted the tech industry, it's now looking to expand in financial services, retail, manufacturing and other sectors, Jain said.

Persons: Arvind Jain, it's, Kleiner Perkins, Arvind Purushotham, OpenAI, Jain, Glean, Purushotham, Citi hasn't, Cathy Gao Organizations: Wall, Banking, Citigroup, Lightspeed, Sequoia, Citi Ventures, CNBC, Microsoft, Google, Sony Electronics, Citigroup's, Citi, Nvidia, Sapphire Locations: Palo Alto, Calif, LLMs, OpenAI, Glean

He also said that Flywire trading at a discount of about 25% is "unwarranted given the company's strong competitive position and organic revenue growth trajectory." "These risks along with a tough demand setting is likely to remove any support for the stock price." — Alex Harring 5:29 a.m.: BTIG moves to sidelines on McDonald's after earnings BTIG has a different taste in its mouth about McDonald's following earnings. The bank upgraded the delivery giant to buy from neutral and hiked its price target to $175 from $160. "We expect management to deliver a strong cost reduction program to support margin expansion and attractive EPS growth despite facing a backdrop of muted revenue growth," analyst Thomas Wadewitz wrote.

Persons: Flywire, Nate Svensson, That's, Svensson, — Alex Harring, Gross, Manav Gupta, Gupta, Jairam Nathan, Nathan, Tesla, Li, Edison Yu, Yu, Piper Sandler, Arvind Ramnani, Chegg, Ramnani, Alex Harring, Tyler Radke, Palantir, Radke, BTIG, Peter Saleh, Saleh, McDonald's, Thomas Wadewitz, Wadewitz, Fred Imbert Organizations: CNBC, Parcel Service, Deutsche Bank, UBS, Leadership, Li Auto, KraneShares CSI China Internet, Citi, Wall, Revenue, UPS Locations: Tuesday's premarket, Monday's, U.S, Israel

☆ IBM is telling their managers to get back to the office 3 days a week or find a new job
▼ + stars: | 2024-01-30 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

IBM wants its US managers to work in-person for at least three days a week, per Bloomberg. IBM CEO Arvind Krishna previously said that he wouldn't force employees to return to the office. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The tech giant is asking all of its US managers to report to an office or client location at least three days a week, per an internal memo seen by Bloomberg. This story is available exclusively to Business Insider subscribers.

Persons: Arvind Krishna, — Organizations: IBM, Bloomberg, Staff, Service, Business

☆ IBM shares rise after earnings top estimates in ‘uncertain, volatile’ economy
▼ + stars: | 2024-01-24 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Net income, at $3.29 billion, or $3.55 per share, increased from $2.71 billion, or $2.96 per share, in the year-ago quarter. The company confronted "a very challenging, uncertain, volatile macroeconomic environment," Chief Financial Officer James Kavanaugh said in an interview with CNBC. Free cash flow for the year totaled $11.2 billion, more than the $10.5 billion that management had called for. IBM said software revenue came to $7.51 billion, up 3% but less than the $7.67 billion consensus among analysts surveyed by StreetAccount. Consulting revenue, at $5.05 billion, grew about 6% and ended up less than the $5.12 StreetAccount consensus.

Persons: Arvind Krishna, James Kavanaugh, — CNBC's Kristina Partsinevelos Organizations: IBM, LSEG, CNBC, StreetAccount, Consulting, IBM's, Software AG Locations: New Delhi

DAVOS, Switzerland (AP) — Artificial intelligence is easily the biggest buzzword for world leaders and corporate bosses diving into big ideas at the World Economic Forum’s glitzy annual meeting in Davos. In a sign of ChatGPT maker OpenAI’s skyrocketing profile, CEO Sam Altman is making his Davos debut to rock star crowds, with his benefactor, Microsoft CEO Satya Nadella, hot on his heels. Illustrating AI’s geopolitical importance like few other technologies before it, the word was on the lips of world leaders from China to France. Here's a look at the buzz:OPENAI OPENING BIG AT DAVOSPolitical Cartoons View All 253 ImagesThe leadership drama at the AI world's much-ballyhooed chatbot maker followed Altman and Nadella to the swanky Swiss snows. China, one of the world’s centers of AI development, wants to “step up communication and cooperation with all parties” on improving global AI governance, Li said.

Persons: OpenAI’s, Sam Altman, Satya Nadella, Altman, Nadella, “, OpenAI, Klaus Schwab quizzed, Li Qiang, ”, Li, Ursula von der Leyen, Emmanuel Macron, Google's Bard, he's, can’t, Julie Sweet, Arvind Krishna, Yann LeCun, LeCun, ____ Chan, Matt O'Brien Organizations: Davos, DAVOS, Bloomberg, Microsoft, ”, European, EU, Accenture, AP Locations: DAVOS, Switzerland, Davos, China, France, Swiss, percolated, afterparties, Europe, Britain, Valley, London, Providence , Rhode Island

☆ Davos: In AI race, months count in staying ahead of China, says US senator
▼ + stars: | 2024-01-16 | by ( Hanna Ziady | ) edition.cnn.com time to read: +2 min

London CNN —The United States measures its lead over competitors in artificial intelligence in “months,” according to a lawmaker, highlighting the intense rivalry between nations to dominate a technology poised to transform the global economy. Speaking at the annual meeting of the World Economic Forum in Davos in Switzerland Tuesday, Republican Senator Mike Rounds said the Biden administration’s decision to tighten controls on exports of advanced AI chips to China had bought the United States “a few more months” to maintain its competitive edge. Washington expanded restrictions on chip sales to China in October, further tightening a sweeping set of export controls introduced a year earlier. The move irked Beijing, which has vowed to “win the battle” in core technologies to bolster China’s position as a tech superpower. In a report Sunday, the International Monetary Fund predicted that AI will affect almost 40% of jobs around the world, “replacing some and complementing others.”

Persons: Mike Rounds, Biden, ”, Arvind Krishna, You’ve Organizations: London CNN, Economic, United, Senate, International Monetary Fund Locations: United States, Davos, Switzerland, China, Washington, Beijing

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