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☆ Mike Lynch, man once dubbed 'Britain's Bill Gates,' dies at age 59
▼ + stars: | 2024-08-22 | by ( Ryan Browne | ) www.cnbc.com time to read: +9 min

Mike Lynch, 59, is the founder of enterprise software firm Autonomy. Dominic Lipinski | PA Images | Getty ImagesDuring the course of the trial, Lynch took the stand in his own defense. He became a key voice supporting the U.K. technology industry, backing key names like cybersecurity firm Darktrace and legal tech firm Luminance. Mike Lynch, founder of software firm Autonomy, at the company's headquarters in, Cambridge, U.K., Aug. 24, 2000. Bryn Colton | Hulton Archive | Getty Images"I keep rare breeds," Lynch told LeadersIn in a 2016 interview.

Persons: Mike Lynch, Hewlett Packard, Chris Ratcliffe, Lynch, —, Angela Bacares —, Bacares, Hannah, Bill Gates, Graham Barclay, David Tabizel, Richard Gaunt, Thomas Bayes, Dominic Lipinski, Autonomy's, Stephen Chamberlain, Sushovan Hussain, Hussain, Thoma, Bryn, LeadersIn Organizations: Autonomy, Hewlett, Bloomberg, Getty, LONDON, CNBC, Sky News, Bancroft's, British Industry, University of Cambridge, Lynett Systems, Cambridge, South Yorkshire Police, Cambridge Neurodynamics, HP, U.S, Packard, Prosecutors, Capital Management, Thoma Bravo, BBC, Council for Science, Technology, Forbes, East Anglian Times, The Times Locations: Sicily, U.S, Porticello, Palermo, Italy, Ilford, East London, Chelmsford, English, Essex, Woodford Green, London, Cambridge, Britain, Suffolk, Bryn Colton, England

☆ Oceans of water may be trapped deep beneath the Martian surface
▼ + stars: | 2024-08-12 | by ( Ashley Strickland | ) edition.cnn.com time to read: +10 min

CNN —Data from a retired NASA mission has revealed evidence of an underground reservoir of water deep beneath the surface of Mars, according to new research. A team of scientists estimates that there may be enough water, trapped in tiny cracks and pores of rock in the middle of the Martian crust, to fill oceans on the planet’s surface. NASA's Mars Reconnaissance Orbiter took an image of InSight sitting on the Martian surface on February 2, 2019. “It’s certainly true on Earth — deep, deep mines host life, the bottom of the ocean hosts life. Windows into Martian historyThe findings add a new piece to the Martian water puzzle.

Persons: ”, Vashan Wright, ‘, Mars, orbiters, InSight’s seismometer, Wright, James Tuttle Keane, Aaron Rodriguez, Michael Manga, “ It’s, haven’t, Alberto Fairén, Fairén, Bruce Banerdt, we’re, Banerdt, al, ” Banerdt, “, ” Wright Organizations: CNN, NASA, National Academy of Sciences, Reconnaissance Orbiter, JPL, Caltech, University of Arizona, University of California, Diego’s Scripps, of Oceanography, Mars, Interior Exploration, Transport, Scripps Institute of Oceanography, University of Maryland, Cornell University Locations: Mars, Berkeley

☆ The Paris Olympics wanted a fast track and it got one – this is how it was made
▼ + stars: | 2024-08-12 | by ( Liam Tharme | ) www.nytimes.com time to read: +13 min

There were two requirements for the Stade de France track for the 2024 Paris Olympics: make it purple and make it fast. But Paris was fast: seven Olympic records and three track and field world records were set at the Games. Thirteen men ran under Kenenisa Bekele’s 10,000m Olympic record (Michael Steele/Getty Images)Four men broke Jakob Ingebrigtsen’s 1500m Olympic record from Tokyo, including Ingebrigtsen, only for him to not medal. Washing the Olympic track in Tokyo in 2021 (Antonin Thullier/AFP via Getty Images)One myth Stroppiana is keen to bust is track hardness. And since then we haven’t been able to change that point of view.”How hard is the Paris track?

Persons: Joshua Cheptegei 10000m, Cole, Arshad Nadeem Javelin, Sydney McLaughlin, Marileidy Paulino, Uganda’s Joshua Cheptegei, Michael Steele, Jakob Ingebrigtsen’s, Noah Lyles ’, Richard Heathcote, Maurizio Stroppiana, Mondo, ”, Stroppiana, Antonin Thullier, “, haven’t, Patrick Smith, ’, Denis, Pakistan’s Arshad Nadeem, Nathan Laine Organizations: Stade de France, Joshua Cheptegei 10000m Uganda, Bahrain, Dominican, Kenya, Kipyegon, Getty, Mexico City, Paris, Getty Images, University of Milan, Olympic, Stade, Adidas, Nike, Asics, Puma, Bloomberg Locations: Rio de Janeiro, Paris, London, Rio, Tokyo, Sweden, Seville, Italian, Moscow, Mexico, Barcelona, Mexico City, AFP, Atlanta, Los Angeles, USA, Brisbane, Australia, Before Tokyo

☆ Alzheimer’s blood test catches 90% of early dementia cases, study finds
▼ + stars: | 2024-07-28 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +10 min

CNN —A combined blood test for cognitive decline has a 90% accuracy rate in determining whether memory loss is due to Alzheimer’s disease, a new study found. “The p-tau217 blood test is turning out to be the most specific for Alzheimer’s and the one with the most validity. “These are absolutely transformational times.”How does a p-tau217 blood test work? The results of the blood tests were then measured against patient diagnoses provided by Swedish primary care doctors and specialists. “There’s no one more bullish on these tests than I am, but Alzheimer’s blood tests aren’t fully definitive yet,” he said.

Persons: CNN —, Sebastian Palmqvist, ” Palmqvist, ”, Maria Carrillo, Carrillo, “ You’re, that’s, ” Carrillo, “, ” Tau tangles, Richard Isaacson, Oskar Hansson, ” Hansson, Hansson, Isaacson, ” Isaacson Organizations: CNN, Lund University, “, Alzheimer’s Association, International Conference Locations: Sweden, Alzheimer’s, Florida, United States, Philadelphia

☆ Vance’s selection solidifies Trump’s hold over the GOP
▼ + stars: | 2024-07-24 | by ( Ronald Brownstein | ) edition.cnn.com time to read: +18 min

It’s just a decisive move toward America First on foreign policy.”Trump’s selection of Vance is one of the clearest barometers of the former president’s tightening hold over the GOP. Those included Christian conservatives, the business community, congressional insiders and traditional Republican foreign policy hawks shaped by Ronald Reagan’s vision of the US as the muscular leader of the free world. Instead, with Vance, Trump chose an acolyte and potential successor who could deepen and extend the direction the former president has set for the party. Vance has been most unequivocal in criticizing the internationalist approach to foreign policy centered on robust alliances. With the selection of Vance, Trump has broadcast his belief that he has conclusively won the internal GOP debate over all aspects of US interactions with the world – foreign policy, immigration and trade.

Persons: Ohio Sen, JD, Donald Trump’s, Republican Party’s reorientation, Vance, Trump, Trump’s, ”, Bill Kristol, “, It’s, Mike Pence, Ronald Reagan’s, Geoffrey Kabaservice, Dwight Eisenhower, Sen, Robert Taft, Taft, Richard Nixon, Ronald Reagan, George W, Bush, John McCain, Mitt Romney –, Patrick J, Buchanan’s, George H.W, George H.W . Bush, John Bolton, Bolton, James Mattis, Mark Esper, State Rex Tillerson, Mike Pompeo, Ivo Daalder, Barack Obama, Richard Fontaine, Republican Sen, Fontaine, “ Vance, Matthias Matthijs, Vance’s, Ohio Republican unreservedly, Donald Trump, ” Vance, Steve Bannon, Joe Biden, Adam Kinzinger, He’s, he’s, Biden, ” Trump, Vladimir Putin, Volodymyr Zelensky, ” Daalder, ” Matthijs, Putin, Aaron Friedberg, Gabriel Schoenfeld, Nikki Haley, Reagan, Haley Organizations: CNN, Ohio, Republican, GOP, Trump, America, New, Niskanen Center, Republican Party, American Free Trade, NATO, ”, H.R, McMaster, Defense, State, Chicago Council, Global Affairs, Center, New American Security, Johns Hopkins ’ School, International, Senate, Ohio Republican, NAFTA, Fox News, Air Force, National Guard, Businessweek, Taiwan, Biden, Chicago, South Carolina Gov, Ukraine Locations: New York, mollifying, Europe, Soviet Union, China, Canada, George H.W ., Asia, Ukraine, New American, Russian, Johns, America, Pennsylvania, Michigan, Israel, Taiwan, Vietnam, Afghanistan, Iraq, Milwaukee, Moscow, ”, Wisconsin, Mexico ”, Kabul, Kyiv, Trump

A secured credit card is a type of credit card with a line of credit backed by a security deposit. Because it doesn't require a credit history or credit score, secured credit cards are an appealing option for building a credit history. In fact, most credit card companies won't perform credit checks for secured credit card applicants. After a certain amount of time and credit built on the secured credit card, companies may also allow you to convert your secured credit card to a traditional card, at which point your security deposit will also be returned. Unsecured Credit CardsSecured credit cards Unsecured credit cards Secured credit cards often don't require a credit check and will take applicants with low credit scores Credit card companies recommend a good to excellent (670-800+) credit score when applying for a card Credit limit determined by how much money is deposited Credit limit determined internally based on a number of factors Often charges higher APRs Offers APRs based on your application and credit scoresSecured Card TipsCan a secured credit card improve my credit score?

Persons: You'll, you've Organizations: Credit, Quicksilver, Chevron, Gas, Capital, Financial

☆ Mark Zuckerberg said he's the most well-known millennial in a newly revealed email. So, is he?
▼ + stars: | 2024-07-09 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +5 min

Read previewMark Zuckerberg, who just celebrated his 40th birthday, is a millennial. But is he the most famous millennial? Who else could be the most well-known millennial? Kim Jung Un: I mean, he is a very well-known millennial. Ultimately, reasonable people can disagree on who is the most well-known millennial.

Persons: —, Mark Zuckerberg, Zuckerberg, Nick Clegg, Peter Thiel, Sheryl Sandberg, Antonio Lucio, Marc Andreessen, Thiel, Gen X, there's, He's, Muhammad Ali, Justin Bieber, LeBron James, Cristiano Ronaldo, Lionel Messi, Messi, Ronaldo, Taylor Swift, Swift, Shakira, Prince William, Kim Jung Un Organizations: Service, Tech, Facebook, Business, Meta, Globally, Google Locations: Tennesee

☆ How primordial black holes could explain dark matter
▼ + stars: | 2024-06-17 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +10 min

The late physicist Stephen Hawking hypothesized that dark matter could be hiding in black holes formed during the big bang. “We were making use of Stephen Hawking’s famous calculations about black holes, especially his important result about the radiation that black holes emit,” Kaiser said. This is not to say dark matter is not a particle, or that it’s for sure black holes. “The next generation of gravitational detectors could catch a glimpse of the small-mass black holes — an exotic state of matter that was an unexpected byproduct of the more mundane black holes that could explain dark matter today.”Many forms of dark matterWhat does this mean for the ongoing experiments that are trying to detect dark matter, such as the LZ Dark Matter Experiment in South Dakota? And those indeed might pick up some of the stray signals from the very violent formation process of primordial black holes.”There’s also the possibility that primordial black holes are just a fraction of the dark matter, Alonso-Monsalve added.

Persons: Vera Rubin, Kent Ford, ” Rubin, ”, Fritz Zwicky, Stephen Hawking, —, David Kaiser, Stephen Hawking’s, ” Kaiser, didn’t, Elba Alonso, Monsalve, ” Alonso, Alonso, Kaiser, “, There’s, Nico Cappelluti, “ Cappelluti, Priyamvada Natarajan, Joseph S, Sophia S, Fruton, Natarajan Organizations: CNN, NASA, Massachusetts Institute of Technology, Science, MIT, University of Miami, Astronomy, Yale University Locations: —, American, Swiss, British, South Dakota

☆ How Joe Biden’s red line on Israel went from a ‘parlor game’ to a murky milestone
▼ + stars: | 2024-05-30 | by ( Kevin Liptak | ) edition.cnn.com time to read: +11 min

Many Democrats, along with foreign leaders who the US counts as allies, say Israel’s actions clearly cross a red line – if not Biden’s, then their own and those of international law. Would that be a red line?” MSNBC’s Jonathan Capehart asked during an interview. His answer, with its incomplete sentences, did not state what might constitute a violation of the red line or what his response would be. “I went over the red line issue, which I know is the obsession of this group, last week. Whether Biden drew a red line or not, his counterpart in Israel found reason to dismiss the president’s comments.

Persons: Joe Biden, Biden, Biden’s, Jake Sullivan, Benjamin Netanyahu, “, Sara Jacobs, Antony Blinken, “ I’m, ” Sullivan, Israel, Netanyahu, –, Jonathan Capehart, I’m, ”, … ” Biden, didn’t, I’ve, it’s, we’ve, ” Netanyahu, CNN’s Erin Burnett, “ We’re, Blinken, Kamala Harris, John Kirby, Kirby, CNN’s Alex Marquardt Organizations: Philadelphia CNN, CNN, Democrats, Foreign, White, Biden, Press, Gaza Health Ministry, White House Locations: Rafah, Israel, United States, California, American, Gaza, “, I’m, That’s

☆ Paul Singer's Elliott Management just raised $8.5 billion. The vaunted hedge fund laid out where it sees opportunities in its latest letter to investors.
▼ + stars: | 2024-05-30 | by ( Bradley Saacks | Alex Morrell | ) 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. Read previewAfter raising $13 billion in 2022, billionaire Paul Singer's Elliott Management raked in another sizeable haul over the past six months. This story is available exclusively to Business Insider subscribers. Related stories"Historical and mathematical fact can get lost in the excitement when stocks are on a tear," the letter states. The firm recently took a $2.5 billion stake in Texas Instruments, calling on the 94-year-old company to improve its free cash flow.

Persons: —, Paul Singer's Elliott, Elliott —, Elliott, doesn't Organizations: Service, Paul Singer's Elliott Management, Business, Texas Locations: YOLO

☆ Climate Change Added a Month’s Worth of Extra-Hot Days in Past Year
▼ + stars: | 2024-05-28 | by ( Raymond Zhong | ) www.nytimes.com time to read: +1 min

Over the past year of record-shattering warmth, the average person on Earth experienced 26 more days of abnormally high temperatures than they otherwise would have, were it not for human-induced climate change, scientists said Tuesday. The past 12 months have been the planet’s hottest ever measured, and the burning of fossil fuels, which has added huge amounts of heat-trapping gases to the atmosphere, is a major reason. Nearly 80 percent of the world’s population experienced at least 31 days of atypical warmth since last May as a result of human-caused warming, the researchers’ analysis found. The precise difference varies place to place. In others, including Colombia, Indonesia and Rwanda, the difference is upward of 120 days.

Locations: Colombia, Indonesia, Rwanda

☆ Scientists a step closer to unraveling mystery of sun’s magnetic field
▼ + stars: | 2024-05-22 | by ( Katie Hunt | ) edition.cnn.com time to read: +5 min

In contrast to previous research that assumed the sun’s magnetic field originates from deep within the celestial body, they suspect the the source is much closer to the surface. This view of the sun's magnetic field was generated by NASA's Solar Dynamics Observatory. NASA/GSFC/Solar Dynamics ObservaModeling the sun’s magnetic fieldIt’s difficult to see the sun’s magnetic field lines, which loop through the solar atmosphere to form a complicated web of magnetic structures far more complex than Earth’s magnetic field. To better grasp how the sun’s magnetic field works, scientists turn to mathematical models. Like the 11-year solar magnetic cycle, torsional oscillations also experience an 11-year cycle.

Persons: Galileo, ”, Daniel Lecoanet, ” Lecoanet, “, Lecoanet, Geoff Vasil, Ellen Zweibel, Zweibel Organizations: CNN, Northwestern University’s McCormick School of Engineering, Center for Interdisciplinary Exploration, Research, Astrophysics, NASA's Solar Dynamics, NASA, Dynamics, University of Edinburgh, University of Wisconsin Locations: United Kingdom, Madison

☆ New York tech workers make $135,000 on average, but can't afford the vast majority of apartments on the market
▼ + stars: | 2024-05-21 | by ( Eliza Relman | Madison Hoff | ) www.businessinsider.com time to read: +6 min

Things are so bad that even tech workers, who make some of the highest salaries of any profession, are feeling the crunch. Entry-level tech workers made an average of $75,262 in 2023, and could only afford 2.1% of studio and one-bedroom rental apartments in the city, StreetEasy found. "If these tech employees can't afford housing, then who can?" But even as New York City has created 800,000 new jobs in the last 10 years, it's only built 200,000 new homes. The average tech worker makes 52% more per year than the average worker in New York City, the StreetEasy report noted.

Persons: StreetEasy, Julie Samuels, Samuels, —, Kenny Lee, Eric Adams, Kathy Hochul, Hochul, Adams Organizations: Service, Apple, Business, Tech, New York City, New York State Department of Labor, York City, New York, Yorkers Locations: New York, Manhattan, York City, San Francisco, New York City, StreetEasy, Yorker, York

☆ Many high schools are curbing the use of AI. These schools are leaning in
▼ + stars: | 2024-05-17 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +8 min

CNN —At Princeton High School, students are trying to combat the rapid decline of indigenous languages with some unlikely help: a furry, wide-eyed stuffed animal named Che’w. He’s a wildly intelligent generative AI robot that speaks Mam, a Mayan language spoken in the western highlands of Guatemala and Mexico and by a small population of the school’s students. At a time when some high schools are restricting the use of AI in the classroom, others, like Princeton High School, are leaning into it. Courtesy SamsungBeyond generative AISome high schools around the country are trying to teach students how to use other forms of artificial intelligence for a greater good. “It doesn’t lose patience or get sick of talking to them,” said Mark Eastburn, Princeton High School’s science, research and engineering teacher.

Persons: Che’w, Joy Barnes, Johnson, ”, ChatGPT, Ed ”, Noel Candelaria, ” Candelaria, Tylo Chacon, Chacon, “ We’ve, It’s, —, Mark Eastburn, “ It’s, ’, Eastburn, they’re Organizations: CNN —, Princeton High School, UNESCO, PHS, ”, STEM School Highlands, Samsung, Los Angeles Unified School District, Seattle Public Schools, National Education Association, CNN, NEA, Stuyvesant High School, University of Colorado, Princeton Locations: Guatemala, Mexico, Colorado, New York City, Washington ,, Boulder, Mam

☆ Inside the life and career of Larry Page, Google's co-founder and first CEO
▼ + stars: | 2024-05-15 | by ( Avery Hartmans | Lakshmi Varanasi | ) www.businessinsider.com time to read: +13 min

AdvertisementSo who is Larry Page and how did he get to where he is today? AdvertisementPage and Sergey Brin create GoogleGoogle co-founders Sergey Brin and Larry Page met as students at Stanford. Google's parent company, Alphabet, has developed self-driving cars through Waymo, the company formerly known as the Google Self-Driving Car project. Page's personal lifeGoogle cofounder Larry Page and his wife, the scientist Lucinda Southworth C Flanigan/FilmMagicThroughout it all, Page has kept information about his personal life closely guarded. Life after GoogleGoogle cofounder Larry Page bought Cayo Norte, an island in Puerto Rico.

Persons: —, Larry Page, Sergey Brin, Page, Sundar Pichai, Gloria, Carl Page —, Larry, what's, Nikola Tesla, he's, Brin's, BackRub, Brin, Eric Schmidt, Schmidt, Andy Rubin's, he'd, Andrew Kelly, Sergey, Lucinda Southworth C, Lucinda Southworth, Richard Branson, Page's, Carl Victor Page, Carl Page, He's, Hugh Langley Organizations: Service, Google, Business, Michigan State University . Education, Getty, Michigan State University, The, Montessori, Google Google, Stanford, Associated Press, University of Michigan, Labs, Reuters Page, Virgin Group, Investments, Carl Victor Page Memorial Foundation, Zee Aero, Pacific, Virgin Island, Atomic Locations: Michigan, Waymo, Toronto, Stanford, Caribbean, Palo Alto, Cayo Norte, Puerto Rico, Koop, Tavarua, Fiji

☆ Ethnic ‘Balancer’ for Government Jobs Becomes Focus of Ethnic Division
▼ + stars: | 2024-05-15 | by ( Andrew Higgins | ) www.nytimes.com time to read: +1 min

After drawing up a plan for 20 hires this year by the city administration, the head of the municipal personnel department plugged it into the Balancer — a website run by the government of the Balkan nation of North Macedonia. Seconds later, he received a chart giving the mandatory ethnic breakdown of the people to fill the jobs: 16 ethnic Albanians, three ethnic Macedonians and one Roma. The computer-generated quotas, which match the size of different communities in the heavily ethnic Albanian city of Tetovo, in the country’s northwest, are part of one of the world’s most comprehensive and rigidly mathematical government programs aimed at enforcing ethnic diversity through affirmative action. Critics say it puts ethnicity above merit, while supporters credit it with helping to pull the country back from ethnic civil war. Both sides agree the program has become riddled with fraud, especially as ethnic-based political parties try to game the system, and that it and other efforts to promote diversity have contributed to the proliferation of unnecessary state sector jobs.

Locations: Balkan, North Macedonia, Albanian, Tetovo

☆ Jim Simons, billionaire quantitative investing pioneer who generated eye-popping returns, dies at 86
▼ + stars: | 2024-05-10 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Jim Simons, a mathematician who founded the most successful quantitative hedge fund of all time, passed away on Friday in New York City, his foundation announced on its website. Pioneering mathematical models and algorithms to make investment decisions, Simons left behind an otherworldly track record at Renaissance Technologies, that bested legends such as Warren Buffett and George Soros. Its flagship Medallion Fund enjoyed annual returns of 66% during a period starting in 2018, according to Gregory Zuckerman's book "The Man Who Solved the Market." Simons received a bachelor's degree in mathematics from MIT in 1958, and he earned his PhD in mathematics from University of California, Berkeley at the age of only 23. He was active in the work of the Simons Foundation until the end of his life.

Persons: Jim Simons, Simons, Warren Buffett, George Soros, Gregory Zuckerman's Organizations: Renaissance Technologies, flagship Medallion Fund, U.S, Intelligence, Soviet Union, MIT, University of California, Stony Brook University, Simons Foundation Locations: New York City, Vietnam, Soviet, Berkeley, Stony, New York

☆ Jim Simons, billionaire hedge fund founder, dies at 86
▼ + stars: | 2024-05-10 | by ( Samantha Delouya | ) edition.cnn.com time to read: +2 min

CNN —Jim Simons, the billionaire investor, mathematician and philanthropist, died on Friday in New York City, according to his foundation, the Simons Foundation. According to his foundation, Simons was fired from the institute in 1968 due to his opposition to the Vietnam War. Simons then joined the faculty at Stony Brook University as the head of the school’s mathematics department. Last year, Simons’ foundation donated $500 million to Stony Brook’s endowment, the largest unrestricted gift to an American university in history, according to the Simons Foundation. “I joined Stony Brook University in 1968 as chair of their Department of Mathematics,” Simons said at the time.

Persons: Jim Simons, Simons, ” Simons, “, ” Organizations: CNN, Simons, Technologies, Massachusetts Institute of Technology, University of California, MIT, Harvard University, Institute for Defense, National Security Agency, Stony Brook University, Renaissance Technologies, Simons Foundation, of Mathematics Locations: New York City, Newton , Massachusetts, Berkeley, Princeton , New Jersey, Vietnam, American

☆ Recursion Pharmaceuticals CEO explains how AI could make drug development faster and less costly
▼ + stars: | 2024-05-10 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

In a Friday interview with CNBC's Jim Cramer, Recursion Pharmaceuticals CEO Chris Gibson discussed how his company is using artificial intelligence and machine learning to make the process of developing drugs faster and less expensive. Recursion Pharmaceuticals is a clinical-stage biotech company that received a $50 million investment from Nvidia last summer. "I think with clinical trials, there's still going to be a few years to get through the clinical trial space," Gibson said. Before Recursion's AI-focused approach, there wasn't a clear path toward making a drug to successfully tackle this disease, he said. "Think of it as, like, Google Street View driving around taking pictures of everything," he said.

Persons: CNBC's Jim Cramer, Chris Gibson, Gibson, there's Organizations: Pharmaceuticals, Nvidia Locations: U.S

☆ Jim Simons, Math Genius Who Conquered Wall Street, Dies at 86
▼ + stars: | 2024-05-10 | by ( Jonathan Kandell | ) www.nytimes.com time to read: +1 min

Jim Simons, the prizewinning mathematician who abandoned a stellar academic career, then plunged into finance — a world he knew nothing about — and became one of the most successful Wall Street investors ever, died on Friday in his home in Manhattan. His death was confirmed by his spokesman, Jonathan Gasthalter, who did not specify a cause. After publishing breakthrough studies in pattern recognition, string theory and a framework that combined geometry and topology with quantum field theory, Mr. Simons decided to apply his genius to a more prosaic subject — making as much money as he could in as short a time as possible. Spurning financial analysts and business school graduates, he hired like-minded mathematicians and scientists. Mr. Simons equipped his colleagues with advanced computers to process torrents of data filtered through mathematical models, and turned the four investment funds in his new firm, Renaissance Technologies, into virtual money printing machines.

Persons: Jim Simons, Jonathan Gasthalter, Simons Organizations: Street, Renaissance Technologies Locations: Manhattan

☆ I love Quarter Pounders. But I don’t get why people enjoy chicken
▼ + stars: | 2024-05-04 | by ( Saira Mueller | ) edition.cnn.com time to read: +6 min

I’ve never really understood why people enjoy eating chicken. Like the frenzy of people crowding Chick-fil-A or Popeyes when a limited-edition chicken sandwich goes on sale, as if it were the latest iPhone release. Or the fact that there’s something called the “chicken sandwich wars,” which could return in 2024 — thanks in part to the recent limited release of two new McDonald’s crispy chicken sandwiches. Compared to the aroma of freshly baked bread or the sizzle of bacon — scents that beckon me closer — the fried chicken smell is like an unwelcome intrusion. Why exactly do you enjoy eating chicken?

Persons: CNN —, I’d, ”, Shannon Stapleton, chow, Homer Simpson, I’ve, Michael Nagle, ” I’m, I’m Organizations: CNN, Reuters, Bloomberg, Getty Locations: Louisiana, New York City, New York, South Africa

☆ How Google Cloud is helping quants like Two Sigma work around the shortage of Nvidia's prized AI chips
▼ + stars: | 2024-05-03 | by ( Bianca Chan | ) www.businessinsider.com time to read: +5 min

Google Cloud, one of the fund's cloud providers, developed new technologies that drew a full room of spectators at Google Cloud Next. When Google Cloud clients request GPUs through DWS, the platform requires clients to specify the region, the machine type and count of machines, and runtime duration. Knowing how many resources a given client needs allows Google Cloud to provision capacity more granularly, which "unlocks additional capacity," Mateo said. As a cloud provider for many financial firms, Google Cloud benefits from helping its clients run these models because many research platforms are hosted on Google's public cloud. In addition to Two Sigma, Citadel Securities has its research platform on Google Cloud.

Persons: Alex Hays, Hays, Sigma's Hays, Mateo, Dax, They'd, it's, Cook Organizations: Sigma, Google, Wall Street, Nvidia, prioritizes, Citadel Securities Locations: Las Vegas, Cook

☆ Meet the typical ALICE: Americans struggling to afford basic necessities but making too much to get help
▼ + stars: | 2024-04-24 | by ( Noah Sheidlower | Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

The South has the highest concentration of states with about 50% of residents below the ALICE threshold. They're either the youngest or oldest workers in the workforce, often single parents, and full-time workers — but they're still not making ends meet. Married adults with children tend not to be ALICE, as 80% reported being above the ALICE threshold. ALICE Americans are all across the country and in both rural and urban areasALICE Americans exist everywhere from the isolated countryside of the US to the country's biggest cities. The breakdown between urban and rural ALICE is somewhat consistent — the ALICE population makes up 30% of the rural population and 28% of the urban population.

Persons: —, ALICE —, ALICE, They're, they're, ALICE Americans, Gen, ALICE millennials, Xers, Stephanie Hoopes, United For ALICE, Still, Hoopes Organizations: Service, United Way's, Business, United For, ALICE, Nationwide, United Locations: America, ALICE, Florida, California, New York, Texas, Iowa

☆ More and more Americans are becoming 'ALICEs.' They can't afford rent and groceries but are falling through the cracks in the country's safety net.
▼ + stars: | 2024-04-18 | by ( Noah Sheidlower | Juliana Kaplan | ) www.businessinsider.com time to read: +6 min

Many ALICEs are workers whose wages typically aren't enough to cover their bills, meaning they live paycheck to paycheck. And while those measures might reach the most financially distressed Americans, the benefit cut-offs leave behind the still-precarious group of ALICEs. Some state-to-state benefits are often available to individuals and families earning 200% to 250% of the Federal Poverty Level. Simultaneously, over the last 12 years, ALICEs have been falling behind on wage increases. AdvertisementIndeed, many Americans aren't necessarily falling into poverty, but they are increasingly teetering toward becoming ALICEs.

Persons: —, ALICE, ALICEs, Stephanie Hoopes, United For ALICE, Hoopes, ALICE would've Organizations: Service, United Way's, Business, Survey, United For, SNAP Locations: Montana, Idaho, ALICEs, Florida, Utah

He was a model to me of artistic labor and discipline, even if those early paintings were painfully amateurish. IT WASN’T MY intention to start an essay about artistic beginnings with a story of artistic death. No one captured the massive cultural and economic disparities of my life in Delhi (and his in Lahore) like Toor. But quite unbeknown to me, Toor’s life in New York had opened up a new vein of material. Not everyone who sees a Michelangelo can go off and paint a Michelangelo.”THERE ARE SO many ways to begin.

Persons: Naipaul, Neil Shah, James Wood —, Zack, who’d, ”, Artemisia Gentileschi, Susanna, Elders ”, I’m, ” Gustave Flaubert, “, ” Zack, it’s, Bruce Chatwin, Paul Gauguin, Salman Rushdie, Somerset Maugham, Kathryn Bigelow, Philip Glass, Arundhati Roy, Booker, Joseph Conrad, Conrad, Jacques, ” Conrad, brimming, ’, ’ ”, Clarice Lispector, Benjamin Moser, ” Lispector, Maugham, eludes, Jan van Kessel, Elder, — Pieter Bruegel, —, Rebecca West —, “ Black Lamb, J.R, Hammond, Wells, Rebecca West ”, sloughed, Henrik Ibsen’s, Rosmersholm ”, Karan Mahajan, Salman Toor, what’s, ” Hemingway, Anoushka Shankar, Ravi Shankar, Harold Bloom, Ravi, Uday, René Daumal, Rasa ”, ” Anoushka, Norah Jones, Norah, I’ve, “ Raphael, Rachel Cusk, Italy ”, Perugino, Raphael, Cusk, J.M, Samuel Beckett, Gabriel García Márquez, Thomas Pynchon’s, James Joyce, Michelangelo, Leonardo da Vinci, Marcel Proust’s, Fyodor Dostoyevsky, Read, Emma Kehlbeck, Quinton Kamara Organizations: Amherst College, Elders, Fayerweather, ”, Google, Sunday Times, Somerset, Yugoslavia, The, “, . Locations: Delhi, ”, Massachusetts, Italian, Topeka, Kan, Amherst, New York, London, Patagonia, New Delhi, Torrens, Cambridge, Polish, Ukrainian, Brazil, Flemish, Victorian England, “ H.G, Fairfield, United States, “, East, Lahore, Europe, America, Texas, Side, Manhattan, India, Italy

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