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Roughly $130 million of Harris’ campaign spending went toward media expenses. Thursday’s filings show that Musk’s super PAC drew other donors in October. He had previously donated to a super PAC supporting Nikki Haley’s failed bid for the Republican presidential nomination. Legal feesEven as Trump raises money for his presidential campaign, his political operation continues to underwrite the former president’s legal bills. Between October 1 and 16, Save America, the former president’s leadership PAC, spent $3.9 million on “legal consulting,” records show.
Persons: CNN — Elon, Donald Trump, Kamala Harris, Harris, Harris ’, Trump, Joe Biden, Musk, Nelson Peltz, Betsy DeVos, Richard Uihlein, Uihlein, Elizabeth, Miriam Adelson, Sheldon Adelson, Ronald Cameron, WhatsApp, Jan Koum, Nikki Haley’s, MAGA, Warren Stephens, Woody Johnson, Dustin Moskovitz, Liz Cheney, isn’t, , Robert, Clifford Robert Organizations: CNN, Democratic, Trump, Federal, Commission, US Justice Department, America PAC, Republicans, Republican, Billionaire, Trump’s, PAC, Schlitz Brewing, Preserve, Preserve America, Inc, New York Jets, Facebook, Harris, American, president’s Locations: AdImpact, Michigan, Arkansas, United Kingdom, Wyoming, New York
The Hater’s Guide to the 2024 World Series
  + stars: | 2024-10-23 | by ( Grant Brisbee | ) www.nytimes.com   time to read: +10 min
AdvertisementPlease note that this isn’t the same as the worst World Series matchup possible. In the actual 2024 World Series, there will be several future Hall of Famers playing, most of them in their absolute prime, doing unreal things to and with baseballs. It’s a very good World Series if you like to watch excellent players and displays of baseball ability. Been there, done thatThis World Series is a Simpsons episode from Season 43 where Homer gets a new job. But even though it has the potential to be the best World Series, it’s guaranteed to be the most annoying World Series possible.
Persons: it’s, I’m, Homer, It’s, Bobby DeNiro, Luke Hales, Fox, haven’t, They’re, they’ll, Craig Calcaterra smartly, Yogi Berra’s, Berra, Mick, Billy Martin didn’t, , that’s, There’s, Aaron Judge, Giancarlo Stanton, Gerrit Cole, Mookie Betts, Barry Bonds, Greg Maddux, Bryce Harper, Juan Soto, Michael King, Shohei Ohtani, Sean Reilly, Orlando Ramirez, Mary DeCicco, Katelyn Mulcahy, Carmen Mandato Organizations: New York Yankees, Los Angeles Dodgers, Chicago White Sox, Colorado Rockies, of Famers, Yankees, Dodgers, Alabama, Auburn, Fox, Cleveland Guardians, Milwaukee Brewers, Brewers, 49ers, Fenway Sports Group Holdings, Liverpool, RFK Racing, Pittsburgh Pirates, Chicago Cubs, Washington Nationals, of Fame, San Diego Padres, Padres, Dodger, Athletic, Images, Getty Locations: It’s, Los Angeles
Yet he isn’t all that impressed with Obama, the nation’s first Black president, nor Harris, who would be the second. “He’s only gaining support with Black men.”Democrats have been unnerved by recent polls that show Harris’ numbers sagging among Black voters, particularly young Black men. At a pair of rallies in Tucson and Las Vegas in recent days, Obama drew thousands of cheering supporters, though the turnout among young Black men appeared sparse. He came to hear Obama speak and as he stood in line for the event on campus, he said he didn’t see Obama as a figure who would be especially influential with young Black men. Trump is a white 78-year-old, but he possesses a “charisma” that some younger Black men find appealing, he added.
Persons: Kamala Harris, Charles Johnson, Johnson, Barack Obama, Obama, Harris, Donald Trump, Trump, ” Johnson, “ He’s, Black, he’ll, podcasters, Ronald Reagan, Joe Biden, David Plouffe, , , Joel Benenson, pollster, ‘ You’ve, , It’s, Henry Louis Gates Jr, he’s, Lauren Hitt, Miles Covington, hasn’t, didn’t, ” Covington, “ They’re, He’s, Stephen A . Smith, Obama isn’t, Biden, JB Pritzker, ” Pritzker, “ I’ve, Kalid Meky, Meky, Harris ’, ” “ Obama, “ I’m, Kamala Organizations: Democratic, University of Arizona, Black, Trump, Emerson College, Obama, Black Harvard University, White House, New York Times, Siena College, Harris —, Illinois Locations: TUCSON, Ariz, America, Tucson, Las Vegas, Pittsburgh, Harris, , California, Central Park
Bank of America and Goldman Sachs are among the banks that have raised price targets in recent weeks. AdvertisementNvidia stock is trading at record highs, but that's not deterring top Wall Street analysts from being bullish. Goldman Sachs, $150 price targetGoldman analysts raised their price target to $150 from $135 a share, implying 6% upside from the stock's current levels. AdvertisementStrategists said they changed their price target after a meeting with Huang. Bernstein, $155 price targetBernstein raised its price target to $155 a share shortly after the chipmaker reported its second-quarter earnings in August.
Persons: Blackwell, Goldman Sachs, , Jensen Huang, Goldman, Huang, CFRA, Angelo Zino, NVDA, Zino, Bernstein, Rasgon Organizations: Nvidia, Bank of America, Service, Wall, Bank, Blackwell, Accenture, Microsoft, ServiceNow, Foundry, CNBC Locations: bullish, CY23, Blackwell
Intel is looking for a deal that values Altera at around $17 billion, said the people, who requested anonymity to speak freely about confidential information. Following a steep drop in its stock price and extended stretch of market share losses, Intel has been looking to make drastic changes. The company made overtures to a number of private equity and strategic investors this week about Altera, the sources said. Intel has expressed to some of those investors that it would be possible to acquire a majority stake in the business. Intel has previously said it could look to monetize Altera business through an IPO, possibly as soon as 2026.
Persons: Pat Gelsinger, Gelsinger Organizations: Intel Corporation, Senate Commerce, Science, Innovation, Russell, Intel, Qualcomm, Nvidia, Devices
Intel is looking for an investor to acquire a stake in its Altera subsidiary, CNBC reported. Intel is facing challenges in its business at a time when the US is seeking to revitalize its chip industry. AdvertisementTech giant Intel is seeking an investor for a stake in its Altera subsidiary, CNBC reported late Thursday, citing people familiar with the matter. The news comes as US chip giant Intel faces troubles just as Washington is seeking to revitalize the country's chip industry for national security reasons. Dutch equipment maker ASML and Taiwanese chip giant TSMC both reported quarterly earnings that showed AI chip growth in the short to medium term.
Persons: , Joe Biden, Biden, Pat Gelsinger, Gelsinger Organizations: Intel, CNBC, Service, Tech, Street, Qualcomm, Business Insider Locations: Altera, Washington
Tesla's Optimus robots faced skepticism for being remotely controlled by humans at a recent event. AdvertisementTesla's Optimus robots received more skepticism last week when multiple reports confirmed that the humanoid robots working the company's "We Robot" event were remotely controlled by engineers. Optimus robots reportedly danced, poured drinks, and interacted with attendees. Both Musk and Nvidia CEO Jensen Huang, are focused on humanoid robots as increasingly advanced machine learning offers an unlocking technology for robotics. Musk has claimed that two Optimus robots are performing tasks autonomously on Tesla's factory floor.
Persons: Lebaredian, , Optimus, Jensen Huang, Musk, Huang, Tesla, xAI's Organizations: Optimus, Service, Nvidia, Oracle
In yet another incident, crowds of angry drivers gather outside an apartment complex, demanding justice for a fellow delivery driver said to be bullied by security guards there. They’re among the many episodes of explosive confrontations across China involving delivery workers widely circulated on Chinese social media, showing people stretched to the breaking point. As China’s economy grapples with a raft of setbacks, from a protracted property crisis to a lack of consumer spending, delivery workers are taking a beating. That eats into delivery workers’ income as their pay is usually tied to a commission based on the price of the order. In 2019, a delivery driver died after he was hit by a tree knocked over by strong winds in Beijing, according to state media Global Times.
Persons: , , Jenny Chan, Chan, they’ve, Greg Baker, Morningstar, Alibaba, , Lu Sihang, Lu, China’s, Gary Ng, ” Ng, Pedro Pardo, Workers.cn, Yang, Justin Robertson Organizations: Hong Kong CNN, Polytechnic University of Hong, Getty, iiMedia Research, CNN, China New Employment Research Center, Research, China Labour Bulletin, Polytechnic University, Global Times, Chongqing Broadcasting Group Locations: Beijing, Hong Kong, China, Polytechnic University of Hong Kong, AFP, Chinese, Hunan
Even as swing-seat Republicans attempt to paint a more nuanced view of the GOP’s stance on abortion, the national party has often muddled that message. “You can’t hide from it,” said Rep. Kelly Armstrong, a Republican from North Dakota, reflecting on the lessons Republicans learned in the 2022 midterms. Hudson accused Democrats of “creating a false and distorted impression” of the GOP’s abortion position in the 2022 midterms and attacked Democrats for espousing their own “extreme” views on the issue. Since then, Chamberlain has used her own polling to help convince key swing-seat House Republicans to shift their approach. “This is a desperation move by Republicans,” said House Democrats’ campaign chief, Rep. Suzan DelBene of Washington state.
Persons: Manu Raju, , John Duarte, Tom Kean Jr, Matt Gunderson, Bill, ” Gunderson, Mike Levin, Melania Trump, , Donald Trump’s, Sen, J.D, Vance of, it’s, Zach Nunn, Kelly Armstrong, “ He’s, ” Levin, Gunderson, , Mike Johnson, he’d, Roe, Richard Hudson of, they’ve, Hudson, ” Hudson, Sarah Chamberlain, Chamberlain, ” Chamberlain, Joe Kent, Kent, Marie Gluesenkamp Perez —, Nunn, Lanon Baccam, PAC —, Levin, Suzan, Marc Molinaro, Molinaro, ” Molinaro, hasn’t, Dobbs, Duarte, ” Duarte, Trump, Juan Ciscomani, Ciscomani Organizations: House Republican, Washington CNN — Republicans, GOP, Democratic, House Democrats, Republican, Republicans, CNN, Republican Mainstreet, — Democratic, PAC —, PAC, Democrats, New York Republican, California Republican Locations: Tucson, Des Moines, Syracuse, Central Valley, New Jersey, San Diego, Mexico, Vance of Ohio, Iowa, North Dakota, New York, California, Richard Hudson of North Carolina, North Carolina, Virginia, Washington, Florida, Arizona
The funds will be disbursed through the Department of Energy’s Grid Resilience and Innovation Partnerships Program. Ron DeSantis and Harris both accused each other of playing politics after reports that DeSantis ignored calls from Harris, the Democratic presidential nominee. In response, DeSantis pointed out that he’s been in touch with Biden and that Harris as vice president has no role in the federal government’s response. Biden did not meet with DeSantis during his trip to Florida, with the governor instead holding a news conference four hours south of where the president toured. Asked on Friday whether he planned to visit DeSantis during his latest trip, Biden replied: “If he’s available,” while calling the governor “very cooperative.”“We got on very, very well,” Biden said.
Persons: Joe Biden, Hurricane Milton, Hurricane Helene, Biden, , ‘ It’s, Kamala Harris, Ron DeSantis, Harris, DeSantis, he’s, Sen, Rick Scott, Donald Trump, Keaton Beach, ” Biden Organizations: CNN, White, Gainesville Regional Utilities, Florida Power, Department of, Republican, Conservative, Republicans, Florida Gov, Democratic Locations: Florida, St, Petersburg, Hurricane, Georgia , South Carolina, North Carolina, Gainesville, Georgia, Keaton
This rapid spend rate is a reflection of just how many earlier disasters the agency is dealing with in addition to Milton and Helene. Here’s what to know:How did FEMA spend $9 billion so quickly? That gave FEMA about $20 billion worth of funding to tap into as it responded to Helene and Milton. “In August, we had paused obligations for recovery projects for all of those other open disasters,” Criswell told reporters. Last year, the US had a record 23 disasters costing at least $1 billion by September – with 28 such disasters in the calendar year, the most ever recorded.
Persons: Helene, Milton –, Deanne Criswell, Milton, Criswell, Dominick Del Vecchio, , ” Criswell, Hurricane Helene, Adam Smith, Hurricane Beryl, Greenlee Beal, NOAA’s Smith, isn’t, It’s, Smith, ” Smith, ” CNN’s Lauren Fox Organizations: Washington CNN, Federal Emergency Management Agency, FEMA, Disaster Relief Fund, Rescue, Task Force, Nevada Task Force, Reuters, Hurricane, NOAA, CNN, Locations: Milton, Nevada, Maui, Lahaina , Hawaii, Texas , California, New Mexico, Hurricane Milton, , California, Texas, New England, Dallas, Galveston , Texas, United States
Since the start of October, investors and Nvidia watchers have gained a few new numbers to add to their models. AdvertisementThe funding is the clearest sign that investors are still willing to back the biggest bet on generative AI available. OpenAI announced the fresh funding last week, led by Thrive Capital with Microsoft, Nvidia, Softbank, Khosla Ventures, and others participating. Thank you to Nvidia for delivering one of the first engineering builds of the DGX B200 to our office." But, anecdotal evidence of companies finding value in generative AI may be starting to penetrate the investor class as well, according to a new survey from Morgan Stanley.
Persons: , OpenAI, Billionaire Vinod Khosla, Blackwell, Jensen Huang, Huang, doesn't, David Solomon, Morgan Stanley Organizations: Service, Nvidia, Microsoft, Softbank, Khosla Ventures, Billionaire, CNBC, Taiwan Semiconductor Manufacturing Company Locations: OpenAI, Blackwell
More than $1 trillion worth of property lies in Hurricane Milton's path, Moody's estimated. Hurricane Milton made landfall in Florida on Wednesday as a Category 3 hurricane. AdvertisementHurricane Milton made landfall in Florida on Wednesday as a Category 3 hurricane, and analysts estimate that $1.1 trillion worth of commercial property is set to be exposed to dangerous hurricane winds. This is the speed at which some property damage is likely, the Moody's report said. According to the report, the properties include 44,122 industrial spaces, 78,916 retail properties, 42,387 office buildings, 64,857 apartment buildings, and 5,056 hotels.
Persons: Hurricane Milton, , Milton, Jefferies, Hurricane Helene, Helene Organizations: Service, Moody's, Hurricane Center Locations: Hurricane, Florida, Tampa, Ft Myers, Florida's Sarasota County, Milton
Vice President Kamala Harris' presidential campaign operation crossed the $1 billion fundraising threshold in September, two months after she took over as the Democratic Party's 2024 standard bearer, according to two people familiar with the numbers. That figure includes money raised by the campaign committee itself and by a campaign-affiliated joint fundraising committee that also collects cash for the Democratic National Committee and state parties. The staggering pace suggests Harris has been able to sustain enthusiasm among donors, large and small, as the campaign enters the stretch run before the Nov. 5 election. Presidential campaigns tend to take in more money as an election nears, but a clip of roughly half a billion dollars a month is unheard of. Harris has opened up a huge cash advantage over her Republican rival, Trump, who had raised just $309 million for his campaign through the end of August.
Persons: Kamala Harris, Harris, Donald Trump, Trump, Organizations: Democratic, Democratic National Committee, Elon Musk's, Center for Responsive Politics, Republican, GOP Locations: Harris
Nvidia shares have surged 25% in the last month and are closing in on a record ahead of tech earnings season in the coming weeks, when top customers like Meta , Microsoft and Alphabet will update shareholders on their expected investments in artificial intelligence. In August, Nvidia reported second-quarter earnings that showed revenue rose 122% year-over-year while net income more than doubled to $16.6 billion. The company also gave stronger-than-expected guidance for the current quarter and said it expects to ship several billion dollars worth of its new Blackwell AI chip. Demand is so high that Nvidia expects shipments for its current-generation Hopper chip to increase over the next two quarters. Nvidia shares jumped 4% on Sept. 23, after a filing showed Huang finished selling the company's stock.
Persons: Hopper, Jensen Huang, Blackwell, Huang, — CNBC's Michael Bloom Organizations: Nvidia, Meta, Microsoft, Apple, Oracle, Blackwell, Data Center, Mizuho Locations: China, Taiwan
Pittsburgh CNN —In the years that Pennsylvania Senate candidate Dave McCormick led one of the world’s largest hedge funds, the firm bet millions of dollars against some of the state’s biggest and most iconic companies, financial filings show. For financial institutions, short positions can be lucrative. The fund shorted about four dozen companies from Pennsylvania during McCormick’s tenure, the records show. The fund did invest in stocks of some of the same Pennsylvania companies it shorted in other years, and overall, it reported spending more money buying stocks of Pennsylvania companies than shorting them in four of the five annual reports reviewed by CNN. She argued that the short positions Bridgewater took in Pennsylvania companies didn’t negatively impact employees because they represented a small fraction of each company’s overall value.
Persons: Dave McCormick, McCormick, , , Kevin Boltz, Democratic Sen, Bob Casey –, Casey, Luke Sharrett, Elizabeth Gregory, Dave, ” Gregory, Bridgewater, ” McCormick wasn’t, Andrew Jennings, Dan Mallinson, “ They’re, ” Mallinson, “ That’s, ” Eric Talley, Talley, I’m, Justin Merriman, McCormick’s, Biden, Bernie Hall, ” Hall, Gregory, Michael M, Eric Hovde of, Tim Sheehy, Bernie Moreno, dogging McCormick, Mallinson Organizations: Pittsburgh CNN —, Bridgewater Associates, The Hershey Company, US Steel, CNN, US Department of Labor, Republican, Hershey, Democratic, Bridgewater, Bloomberg, Getty, McCormick’s, Bridgewater Equity Fund, Labor, Securities and Exchange Commission, Comcast, Penn National Gaming, Emory University School of Law, Penn State, Columbia University, Steel, Japan's, Nippon Steel, Keystone, Nippon, Pennsylvania, United Steelworkers, Senate, Penn Locations: Pennsylvania, Bridgewater, Harrisburg, Pittsburgh, China, Eric Hovde of Wisconsin, Montana, Ohio
Heavy traffic begins to back up on Interstate 275 South as residents evacuate St. Petersburg, Florida, ahead of Hurricane Milton, U.S., October 7, 2024. Hurricane Milton's once-in-a-century potential could cause damage of more than $50 billion, with the potential to leave behind devastation approaching $175 billion or more in a worst-case scenario, according to leading Wall Street analysts. That would be on top of the carnage already left behind by Hurricane Helene, posing a potential record-breaking path of wreckage. "A 1-in-100 year event is estimated by some to result in $175 [billion] in losses for landfall in the Tampa region, and $70 [billion] in losses in the [Fort] Myers region." The extent of the potential is hard to pin down and will depend on timing and location, with a landfall closer to Fort Myers being less costly.
Persons: Hurricane Milton's, Hurricane Helene, Jefferies, Yaron Kinar, Myers, Fort Myers, Hurricane Ian, Ian Organizations: Hurricane, Street Locations: St, Petersburg , Florida, Hurricane Milton, U.S, Tampa, Fort Myers
Before she built what would become a billion-dollar company, Angie Hicks had to conquer one of her biggest fears: talking to strangers. Hicks — one of the two co-founders of Angi, formerly known as Angie's List — is a self-described introvert. But when the business launched in 1995, she wore many hats — often literally walking door-to-door to recruit Angi's first customers. In 1996, the company rebranded to Angie's List after customers began associating Hicks personally with the recommendations. The company, which went public in 2011, has consistently brought in over one billion dollars every year since 2018.
Persons: Angie Hicks, Hicks, she's, Angi's, wasn't Hicks, Weeks, Bill Oesterle, Oesterle, Columbus didn't, Angi, would've, , Bill, didn't, Elham Organizations: Angi, CNBC, DePauw University, Partners, Unified, Columbus Locations: Angi, Washington ,, Indianapolis, Columbus , Ohio, Columbus
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAngi: How an introvert turned $50K into a $1.2 billion companyIn 1995, Angie Hicks and Bill Oesterle co-founded Angie's List in Columbus, Ohio, with $50,000. The company helps homeowners find and hire professional contractors. Nearly 30 years later, Angi generates annual revenues of over a billion dollars.
Persons: Angie Hicks, Bill Oesterle Locations: Columbus , Ohio
New York CNN —False claims about the federal response to the historic devastation left by Hurricane Helene are spreading out of control on social media, hampering recovery efforts in hard-hit areas, according to local officials. Elon Musk, the X owner who has endorsed Trump, has repeatedly posted rumors and innuendo denigrating the federal government’s response to Helene. Most of the misinformation is brazenly political, portraying President Joe Biden and Harris as incompetent in an attempt to help Trump win reelection. Some of the most-shared lies on social media have involved FEMA’s response. “Republican elected officials keep rebutting the BS, and MAGA does not care,” conservative columnist David French said in a social media post Saturday.
Persons: Hurricane Helene, Biden, Donald Trump, Kamala Harris, ” Tim Alberta, Elon Musk, Trump, Helene, Joe Biden, Harris, Kerry Giles, ” Giles, ” Trump, , MAGA, David French, ” Mike Rothschild, , Appodlachia, Billy Ball Organizations: New, New York CNN, Hurricane, FEMA, The Atlantic, Trump, Republican, CNN, “ Republican, Facebook, North Locations: New York, Georgia, North Carolina, Rutherford County , NC, Lake Lure, , U.S
AdvertisementMrBeast confirmed this week that his upcoming Amazon show, Beast Games, had cost more than $100 million. "They'll still do partnerships with him," Diana D'Angelo, the CEO of Breaking Creatives Agency, told BI. A spokesperson for Donaldson told BI that the lawsuit had not yet been served to him despite being filed two weeks ago. AdvertisementHowever, Chedid told BI these "stonewall tactics" may "come back to bite him," affecting his reputation and future partnerships. D'Angelo told BI Donaldson might decide to speak up if the controversy starts to affect his "bread and butter" — his YouTube channel.
Persons: MrBeast, , Diana D'Angelo, they'll, he's, Jimmy, Donaldson, YouTubers KSI, Logan Paul, Paul, Rolling Stone, Robyn Abou Chedid, Chedid, Thomas Walters, Ava Tyson, Kevin Mazur, Tyson, Kraft Heinz's Lunchables, Walters, D'Angelo Organizations: Service, Beast Games, Amazon, Creatives, Reuters, The New York Times, Las, Guided Agency, YouTube, Beast Locations: Amazon, Las Vegas, Los Angeles, Toronto
Presenting no evidence, Trump claimed earlier this week that the Biden administration, along with North Carolina’s Democratic Gov. Those rumors prompted many state and local officials – including other Republicans – to push back. North Carolina Lt. Gov. The few that aren’t are owned by states other than North Carolina.” That statement is directly contradicted by an earlier tweet from the North Carolina National Guard, which reported it had conducted 57 air missions and rescued more than 400 people. “I think what makes it particularly frustrating is clearly, in these times, social media could be an invaluable source of reliable information.”
Persons: Hurricane Helene, , David Harker, Harker, Donald Trump, Elon Musk, Helene, Trump, Biden, Roy Cooper, Musk, ” Trump, , Sen, Kevin Corbin, , ” Corbin, Cooper, that’s, Deanne Criswell, Bill Lee, ” Lee, Mark Robinson, Robinson, Todd Hunt, Ron DeSantis, Ardis Watkins, Marjorie Taylor Greene, Greene, it’s, ” Harker Organizations: CNN — Local, Humanities, East Tennessee State University, North Carolina’s Democratic Gov, Federal Emergency Management Agency, FEMA, Facebook, Tennessee Emergency Management Agency, National Guard, Tennessee Gov, Republican, Gov, North Carolina National Guard, , Soldiers, Florida Gov, State Employees Association of North, Local, CNN, East Tennessee State Locations: United States, North Carolina, Tennessee, “ Florida, State Employees Association of North Carolina, North Georgia
I spent some time alone after things ended, but by the end of 2012, I was ready to re-embrace online dating. Within a few years, my fellow millennials and I were reportedly spending 10 hours a week on dating apps. "Dating apps are designed to be a miserable experience," Stephanie Rodgers, the founder of the forthcoming dating app Verb, said. Increasingly, it feels like dating apps make things more monotonous and cumbersome to incentivize us to pay for upgrades. And while dating apps' cost in terms of harassment, threats, and violence is paid disproportionately by women, its financial cost is disproportionately paid by men.
Persons: , I've, I'd, it's, undateable, Phil, begrudgingly, Tinder, Charlotte Fox Weber, Weber, Swiping, Koshiro, Stephanie Rodgers, Rodgers, you'll, we're, curt, It's, I'm Organizations: Congressional, New York Times, Harvard Law, Facebook, Match, The League, Upper East, Grand Central Locations: DC, Washington, Western Europe, East, Asia, Raya, Brooklyn, Americas
But Microsoft is also reportedly building its own in-house AI model that could compete with OpenAI's. Microsoft is now developing its own in-house AI model, reportedly dubbed MAI-1, and OpenAI has launched GPT-4o and o1-preview. The two were briefly announced to "lead a new advanced AI research team," a group now known as Microsoft AI. Suleyman said the ties between Microsoft and OpenAI aren't unique, but rather similar to other company relationships across the industry. "I mean, we have a deep relationship with Amazon, believe it or not, on a lot of fronts."
Persons: Mustafa Suleyman, , Kara Swisher, Suleyman, OpenAI, Satya Nadella, Sam Altman, Greg Brockman, Altman, Brockman, Karén Simonyan Organizations: Microsoft, Service, OpenAI Locations: OpenAI
Nvidia CEO Jensen Huang said in an interview with CNBC's "Closing Bell Overtime" that demand for the company's next-generation artificial intelligence chip Blackwell is "insane." "Everybody wants to have the most and everybody wants to be first," Huang said during the interview, which aired on Wednesday. Nvidia has been the main beneficiary of the artificial intelligence boom, with shares up about 150% year-to-date. The company's revenue continued to surge during the fiscal second quarter to $30.04 billion, up 122% on an annual basis. Jensen said Nvidia plans to update its AI platform each year to increase performance by two to three times.
Persons: Jensen Huang, CNBC's, Blackwell, Huang, Colette Kress, Jensen Organizations: Nvidia, Microsoft, Meta, CNBC Locations: Blackwell
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