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☆ Exclusive: Legal tech startup Genie AI just raised $17.8 million in a Google Ventures-led round with this 13-slide deck
▼ + stars: | 2024-10-23 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +3 min

Legal tech startup Genie AI has secured $17.8 million from Google Ventures and Khosla Ventures. AdvertisementLegal tech startup Genie AI has just secured a $17.8 million Series A from Google Ventures and Khosla Ventures. "The main issue that lawyers have is that they are always overworked and understaffed," said Rafie Faruq, the cofounder and CEO of Genie AI. The Series A round, led by early OpenAI-backer Khosla Ventures and Google Ventures, the VC arm of Google parent company Alphabet, takes the startup's total funding to around $20 million. Genie AI said the cash injection will allow it to expand in the US.

Persons: Rafie Faruq, —, Michael Lacorazza, Faruq, Genie, We're, AI, Harvey, It's, we'll Organizations: Google Ventures, Khosla Ventures, Service, Genie, Bank, Microsoft, Google Locations: London

☆ An effective, cheap hedge on Apple shares into earnings, according to Mike Khouw
▼ + stars: | 2024-10-21 | by ( Michael Khouw | ) www.cnbc.com time to read: +5 min

The largest source of revenue is the iPhone, and the company released its iPhone 16 last month. Other Apple products include Mac computers and iPad tablets, Apple Music, the Apple Watch, and other wearable devices. Android mobile devices indeed have a more significant smartphone market share internationally. The DOJ filed suit in March of this year, allegedly violating antitrust laws by monopolizing the smartphone market. At 31.5 times forward earnings estimates, Apple is four turns richer than the 27.5 5-year average.

Persons: Saudi Arabia's, what's, Dan Ives, YTD Organizations: Apple, Apple Music, Apple Watch, Cloud Services, Samsung, Microsoft, Saudi, Aramco, Android, DOJ, CNBC, NBC UNIVERSAL Locations: Americas, United States, Korea, China, Wedbush

☆ I tried a tool that lets your coworkers rate your character. The startup behind it wants employers to use it for hiring.
▼ + stars: | 2024-10-13 | by ( Tim Paradis | ) www.businessinsider.com time to read: +10 min

Kanny is a startup that uses character assessments to improve the hiring processes for employers. My coworkers — geniuses, all — made the evaluation using a tool from the startup Kanny, which aims to improve hiring by assessing what it calls a job candidate's work character. It is character," Kanny CEO and cofounder Sean Vassilaros told me. Yet the control that job seekers have, Vassilaros said, is in shaping the narrative of who they are. Samuels has also seen job seekers pass along proprietary information from their current employer to try to impress a prospective boss.

Persons: —, Sean Vassilaros, It's, Kanny, Vassilaros, I'm, whittle, Kyle Samuels, Samuels, Rebecca Arnold, Root, she's, Arnold, they've, you've Organizations: Service, Creative Talent, Consulting, LinkedIn Locations: Patagonia, Kanny

Below, I rounded up the best October Prime Day deals that are still available right now. If you’re curious, the NBC Select team also compiled readers’ favorite Prime Day products and what our editors purchased. SKIP AHEAD Best Prime Day deals still live | More Prime Day sales still live | Best sales at other retailers | Why trust NBC Select? Best Prime Day sales still liveThese Prime Day sales are still going on, but keep in mind that not every item from a brand is discounted as described below. Each deal in this article is currently at its October Prime Day price or up to $10 higher.

Persons: it’s, They’re, ”, Sadhana Daruvuri, “, You’re, Rosalie Sparaco, Nikki Brown, fryer, you’ll, Cory Fernandez, There’s, TikTok Organizations: Deal, NBC, Apple, Alexa, Bath, Amazon Reviewers, Adidas, Wellness, Giftable Tech, Facebook, Twitter Locations: men’s

On Nov. 5, the Decision Desk will project 610 races across all 50 states, from the presidential election to statewide and congressional contests. Early on election night, the Decision Desk uses exit poll data to determine whether it can project uncompetitive races. When a party has gained a majority of 218 seats in the House, the Decision Desk will project control for that party. Other sources for election vote data include state and county vote computer feeds and websites, when they are available. Exit poll results are independently analyzed in real time, and NBC News calls all races as soon as the Decision Desk is fully confident in the winner.

Persons: — Organizations: NBC, NBC News, Senate, ABC, CBS, CNN, Edison Research, Reuters, The Washington Post

☆ The power of passions: Tapping into consumers' emotional bonds
▼ + stars: | 2024-10-08 | by ( Raja Rajamannar | ) www.businessinsider.com time to read: +6 min

Tapping into people's passions can inspire emotional connections with consumers. In fact, our survey data identifies eight key roles that brands can play to either accelerate consumers' passions or alleviate their frustrations — one of which is fostering shared connections around their passions. A prime example of this is how Nike taps into peoples' passion for wellness, which is ranked the second highest among those we surveyed, while strengthening community bonds. Neuromarketing can derive an abundance of data-driven insights from study participants, allowing us to discern consumers' emotional associations with logos, messages, storylines, colors, and more. Inspiring an emotional response is an incredibly challenging task for marketers at a time when consumers feel bombarded by messages.

Persons: Raja Rajamannar, Rajamannar, —, Johnnie Walker, Costa Organizations: Mastercard, Service, Harvard Business School, Carnegie Hall, Cannes Lions, Prix, Consumers, Nike, Nike Run

☆ A startup pitching AI as a way to automate 80% of influencer-marketing tasks gets funding from billionaire Tim Draper
▼ + stars: | 2024-10-08 | by ( Dan Whateley | ) www.businessinsider.com time to read: +5 min

Influencer-marketing startup Dreamwell AI raised $2.3 million in a pre-seed round led by Tim Draper. The company uses AI to automate marketing tasks like influencer prospecting and outreach. A new tech startup called Dreamwell AI has its sights set on using AI to make influencer marketing run more efficiently. "First and foremost, we try to understand what's the value of this creator," Khazaal said. Startups and Big Tech alike are adding AI tools to help creators automate tasks like video editing, dubbing, and even coming up with ideas.

Persons: Tim Draper, —, Kazzy Khazaal, Dreamwell, Tim Draper's, Draper, Khazaal, they'd, Prashant Matta Organizations: Service, Business, Draper Associates, Seed Venture Fund, YouTube, LinkedIn, Big Tech, Publicis Groupe

☆ The problem — and opportunity — with Wall Street downgrades of Apple and Amazon
▼ + stars: | 2024-10-07 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

A couple of analyst downgrades are making the rounds Monday on megacap stocks that rarely see ratings cuts: Apple and Amazon. At Jefferies, analysts downgraded Apple to a hold but increased the price target to $213 apiece from $205. It also presents a problem for investors who see the downgrades as a reason to sell some shares. After all, you'll be hard-pressed to find companies anywhere more in charge of their own destinies than Apple, Amazon — or any of the Super Six (Meta, Nvidia, Alphabet, Microsoft). Apple and Amazon aren't where they are because of luck, but rather because they make their own luck.

Persons: downgrades, They're, Jim Cramer, I'm, Jim, you've, it's, Philip Fisher, Apple, Jim Cramer's, Michael M Organizations: Jefferies, Apple, CNBC, Apple Intelligence, Wells, Nvidia, Microsoft, Amazon, Jim Cramer's Charitable, Fifth, Santiago, Getty Locations: Wells, New York City

☆ ESPN fantasy football embraces explainable AI from IBM watsonx
▼ + stars: | 2024-10-07 | by ( Sponsor Post | ) www.businessinsider.com time to read: +3 min

Even fantasy football participants like to hold their cards close to their chests. But the new Top Contributing Factors feature in ESPN Fantasy Football is an interesting contrast. For the past eight years, IBM has worked closely with ESPN to enhance its popular fantasy football platform. The feature satisfies the fantasy football participants' curiosity and makes a broader point. Learn more about the AI in ESPN fantasy football.

Persons: Noah Syken, coverages, Dario Gil, Malcolm Gladwell, Mo Duffy Organizations: IBM, Baseball, Football, ESPN Fantasy, ESPN, IBM IBM, IBM Research, Red Hat, Business, Sports, Insider Studios

☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Amazon, Netflix, Campbell Soup, Gilead, American Express & more
▼ + stars: | 2024-10-07 | by ( Michael Bloom | ) www.cnbc.com time to read: +10 min

Wells Fargo upgrades Gilead to overweight from equal weight Wells says the biopharma company has an attractive setup. Wells Fargo upgrades Canadian National to overweight from equal weight Wells says it sees "accelerating growth" for the railway company. Barclays downgrades Netflix to underweight from equal weight Barclay says the "growth algorithm is getting more complex." Wells Fargo downgrades Amazon to equal weight from overweight Wells says the "positive revision story [is] on pause for Amazon. JPMorgan upgrades Ally Financial to overweight from neutral and downgrades American Express to neutral from overweight JPMorgan downgraded American Express and says it sees "asymmetric risk."

Persons: Jefferies, Wells, Morgan Stanley, it's bullish, Barclay, NFLX, Piper Sandler, Piper, Mizuho, JPMorgan downgrades Lamb Weston, JPMorgan, downgrades Sherwin, Williams, KeyBanc, Bernstein, Campbell, underperform Bernstein, Coupang, CPNG, Barclays downgrades, Avery Dennison, Garmin, Hershey Organizations: Apple, Apple Intelligence LT, UW, Vertiv Holdings, Coty, Barclays, Netflix, MKSI, Mizuho, JPMorgan, Deutsche Bank, Alliance, Deutsche, UBS, NXP, Express, American Express, Barclays downgrades DuPont, DuPont, Bank of America downgrades Constellation Brands, Bank of America, Constellation Brands, Bank of America downgrades Comerica, of America, CMA, Air Products, Hershey Locations: OW, Gilead, Canada, underperform

☆ Scale AI's proprietary data edge
▼ + stars: | 2024-10-04 | 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 EmailScale AI's proprietary data edgeCNBC's Deidre Bosa joins 'The Exchange' with details from her conversation with Scale AI CEO about the future for training AI models.

Persons: Bosa

☆ Boeing, Virgin Galactic settle lawsuit over work on Virgin 'mothership'
▼ + stars: | 2024-10-03 | by ( ) www.cnbc.com time to read: +2 min

Boeing and Virgin Galactic have settled a lawsuit stemming from Boeing's work on Virgin Galactic's space tourism "mothership," according to a Thursday filing in Virginia federal court. Virgin Galactic attorney Brett Williamson and Boeing said in emails that the lawsuit was "satisfactorily resolved by mutual agreement of the parties." Boeing sued Virgin in March, accusing it of stealing trade secrets and refusing to pay $25 million owed for Boeing's work. Virgin said it was entitled to monetary damages of at least "the difference between the $45.6 million paid by Virgin Galactic to Boeing and the substantially lower actual value of Boeing's performance." The case is The Boeing Company and Aurora Flight Sciences Corp v. Virgin Galactic LLC, U.S. District Court for the Eastern District of Virginia, No.

Persons: Richard Branson, Brett Williamson, countersued, Virgin Organizations: Virgin Group Ltd, Virgin Galactic Holdings Inc, New York Stock Exchange, Boeing, Virgin Galactic, Virgin, Eastern, Virgin Galactic's, Boeing's Aurora Flight Sciences, Boeing Company, Aurora Flight Sciences Corp, Virgin Galactic LLC, of Locations: New York, U.S, Virginia, Virgin, California, of Virginia

☆ OpenAI has secured a $157 billion valuation. Now comes the hard part.
▼ + stars: | 2024-10-03 | by ( Hasan Chowdhury | Riddhi Kanetkar | ) www.businessinsider.com time to read: +7 min

OpenAI is now worth $157 billion, but it can't rest easy yet. Now comes the hard part: emerging victorious in a fiercely competitive AI industry. Though Sam Altman's company cemented its status as a frontrunner in the generative AI boom this week, securing a new $157 billion valuation after raising $6.6 billion of fresh capital from marquee investors, its leading position is hardly guaranteed. Sure, Altman's company now casts a massive shadow over the industry with its fresh $157 billion valuation. AI companies have been spending huge sums to purchase chips from Jensen Huang's Nvidia.

Persons: OpenAI, —, Sam Altman's, Sam Altman, Andrew Caballero, Reynolds, Altman, Elon Musk's, Ilya Sutskever, Nathan Benaich, Dario Amodei, Jensen, Jeff Chiu, Benaich, it's, VCs Organizations: Service, Valley's, Financial, Nvidia, SoftBank, Microsoft, Elon, Air Street Capital, The New York Times, Google, Big Tech, Meta Locations: Silicon Valley, AFP

☆ CNN requested an interview with Melania Trump. Her book publisher asked for $250,000 in exchange
▼ + stars: | 2024-10-03 | by ( Hadas Gold | Pamela Brown | ) edition.cnn.com time to read: +8 min

CNN —Nearly two months ago, CNN reached out to Melania Trump’s book publisher to request an interview with the former first lady ahead of her upcoming memoir. After several exchanges about a possible interview, the publisher sent an unusual demand last week: an interview would cost $250,000. Melania Trump’s spokesperson declined comment. Spokespeople for ABC, NBC and CBS declined to comment on whether they received a similar request for payment from Trump’s publisher. But in this case, the Trump campaign hasn’t been involved in Melania Trump’s book rollout.

Persons: Melania, ”, ” Tony Lyons, “, ” Lyons, Melania Trump’s, Donald Trump’s, Melania Trump, Trump, Lyons, Simon, Simon & Schuster, Marc Beckman, CNN –, “ It’s, Kate Anderson Brower, Grace, ” Anita McBride, George W, Bush, ” McBride, I’ve, Ainsley Earhardt, Fox’s Sean Hannity, Trump’s, it’s, Kelly McBride, Craig Newmark, Anita McBride, Casey Anthony, George Stephanopoulos, recusing, ABC’s, McBride, hasn’t, Donald Trump, CNN’s Brian Stelter Organizations: CNN, Skyhorse Publishing, ” CNN, ” Records, NDA, Simon &, American University, Fox News, ABC, NBC, CBS, Guardian, Ethics, The Poynter Institute, ABC News, Wednesday, Washington, Clinton Foundation, Poynter Institute, Trump

☆ Everyone wants to know what AI is worth. One investor looked to the past for the $20 trillion answer.
▼ + stars: | 2024-10-03 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +6 min

Miller's team compared AI's growth with past tech waves, finding consistent growth rates. In fact, the generative-AI wave looks a lot more like past tech waves than its revolutionary capabilities would suggest. That "rule of three" theory puts the value of the AI wave at about $20 trillion. Miller likened the AI wave to the mobile wave in about 2009, when there were few applications for the iPhone. "So the question is if compute is the primary underlying driver of economic activity, economic growth, economic opportunity, then there's an argument that it's actually bigger."

Persons: Ben Miller, Miller, Nvidia wouldn't, —, Jensen Huang, Everybody's, Anthropic's Claude, Fundrise, shortsighted, it's, We'll, they're Organizations: Nvidia, Service, Cisco, Intel, Business, Adobe, AMD, Meta, Microsoft, Bloomberg, IDC

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Persons: we've, We've, Chase Travel ℠, Chase, Uber, Wiley, Julie Mehretu, Peacock, Uber Cash, Hilton, that's, Marriott, Regis, Sapphire, John F, Kennedy, Insider's, It's, they'll, you'll, Read, You'll, Conrad, you've, Carlton Card, HBO Max, Insider’s, SYD, Miles, Joseph Hostetler, Joseph, Guy, Angela Fung Organizations: Business, Hilton, Card, Citi ®, Mastercard, Marriott, Alaska Airlines, Capital, One, Chase, Chase Travel, Sapphire, Chase Sapphire, TSA, FDIC, Express, American Express, Saks, American, Entertainment, Disney, ESPN, The New York Times, Street, Walmart, Global, Saks Fifth, Hilton Honors, Elite, Marriott Bonvoy, Ritz, Carlton, TSA PreCheck, Cell, New Hampshire Insurance Company, AIG Company, Delta SkyMiles ®, Delta, Delta Sky Clubs, ®, SkyMiles ®, Delta Sky Club, Delta Sky, U.S, Delta SkyMiles, United, United ®, United Club, American Express Chase, American Express Card, Citi, Centurion, Fort, Dulles, Washington Dulles, Sapphire Reserve, DoorDash, Chase Sapphire Reserve, Lufthansa, Austrian Airlines, Amex, Resorts, Dell, Adobe, Diamond, Waldorf, Aspire, Delta Reserve, Star Alliance, United Airlines, Polaris, United Polaris, The, Premier, Admirals Club, American Airlines, Airlines, Citi AAdvantage, Chase Ritz, Hilton Honors American, Hilton Gold, Gold, Honors American, Online Retail, ℠, NEXUS, EV, Netflix, Hulu, Spotify, Apple Music, HBO, Bank, Sydney, Finance Locations: Hulu, AmexTravel.com, Caribbean, delta.com, Canada, Delta, U.S, Hong Kong, Boston, LaGuardia, Austin, Dallas, Fort Worth, DFW, Denver, Washington, New York, JFK, San Diego, Las Vegas, Phoenix, Philadelphia, Capital, Hilton, Marriott, United, airfare, Airport, Charlotte, Miami, London

☆ Devastation from Hurricane Helene could bring semiconductor chipmaking to a halt
▼ + stars: | 2024-10-02 | by ( Clare Duffy | Dianne Gallagher | ) edition.cnn.com time to read: +7 min

In addition to this, our teams are joining the local taskforces to try to restore the most basic services and bring further supplies to Spruce Pine,” The Quartz Corp said in a statement. The Quartz Corp facility near Spruce Pine, North Carolina, is seen during a CNN flyover of the area on Monday, September 30. And while quartz is abundant around the world, the kind of ultra-high-purity quartz mined in Spruce Pine is not. The Spruce Pine mines provide an estimated 80% to 90% of the world’s high-purity quartz — experts say the exact amount is proprietary and unknown — supplying semiconductor manufacturers like chipmaking giant Taiwan Semiconductor Manufacturing Company. However, Wang said that despite the scale of the devastation in Spruce Pine, there is still reason for optimism.

Persons: Hurricane Helene, Helene, —, ”, Seaver Wang, Spencer Bost, ” Bost, ’ ” Sibelco, “, Sibelco, that’s, Gregory Allen, David Bader, CSIS’s Allen, Wang, ” Wang Organizations: New, New York CNN, Quartz Corp, Breakthrough Institute, Downtown, CNN, Belgian, Wadhwani Center, AI, Technologies, Center for Strategic, International, Taiwan Semiconductor Manufacturing Company, Institute for Data Science, New Jersey Institute of Technology Locations: New York, North Carolina, Hurricane, Spruce Pine, United States, Sibelco, Silicon, Downtown Spruce, Norwegian, Spruce, Spruce Pine , North Carolina, “

☆ AI's Open-Source Future
▼ + stars: | 2024-10-02 | by ( Kate Rooney | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAI's Open-Source FutureHugging Face, a hub for advanced AI models, has quickly become one of tech's hottest startups, thanks to growing enterprise interest in open-source AI platforms. With a $4.5B valuation, and marquee investors including Nvidia and Google, Hugging Face Co-Founder and CEO Clem Delangue explains why he passionately believes in AI democracy and how he's pulling down the guardrails of proprietary technology so anyone, anywhere, can get the data they need.

Persons: Clem Delangue Organizations: Nvidia, Google

☆ Breaking up Google's ad business could 'cripple' publishers. Analysts make the case for turning it into a public-benefit corporation instead.
▼ + stars: | 2024-10-01 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +7 min

The US Department of Justice and 17 state attorneys general seek to break up Google's adtech business. Arete Research analysts suggest spinning off Google's adtech as a B Corp instead. The government is hoping the judge will force Google to divest some or all of its adtech business. Related storiesA brute-force breakup or shutdown of parts of Google's sell-side business could have unintended consequences for publishers, Arete's analysts wrote. A publisher tech executive shared with Business Insider their own concerns about a potential breakup of Google's adtech business earlier this month.

Persons: —, Google's, execs, adtech, Arete, it's, Richard Kramer, Kramer Organizations: US Department of Justice, Arete Research, Service, Google, Corp . Companies, B, Google Display, Business, News Corp, Daily Mail, Network, Google Network, Corp, YouTube Locations: Google's

☆ The Best Snow Boots with Arch Support
▼ + stars: | 2024-09-30 | by ( Bethany Heitman | Bethany Heitman Is A Contributing Editor At Nbc Select. | ) www.nbcnews.com time to read: +11 min

| How we picked the best snow boots with arch support | The best snow boots with arch support of 2024 | Why trust NBC Select? There are multiple reasons why having snow boots with arch support can benefit you. How we picked the best snow boots with arch supportTo help you find the best snow boots with arch support, we asked podiatrists what key things to pay attention to while shopping. “Snow boots should also offer strong ankle support to help stabilize your feet and legs, to help prevent injuries on uneven winter terrain like snow and ice.”Beyond arch support, look for snow boots that don’t bend easily in the mid-arch. The best snow boots with arch support for 2024To recommend the best snow boots with arch support, we asked podiatrists to share their favorite options.

Persons: you’ll, ”, Miguel Cunha, Gotham, Cunha, “, “ Snow, Snow, podiatrists, Kamik, contoured, Gregory Alvarez, Mohammad Rimawi, Alvarez, Bethany Heitman, TikTok Organizations: NBC, Tech technology, Centers of America, Facebook, Twitter Locations: New York City

☆ A world-champion quant trader with a 491% annual return shares an easy pattern that's profitable in 72% of test samples and can be manually executed
▼ + stars: | 2024-09-28 | by ( Laila Maidan | ) www.businessinsider.com time to read: +8 min

He's a quant fund manager who uses hundreds of models to execute trades across multiple assets. And he's good at what he does: in the 2023 World Cup Championship of Futures Trading, Scherman finished first with a 491.4% return, according to competition records. I was trading in the Argentina market," Scherman said. This is because a trader can't predict the next market regime and must prove that their thesis can survive changes. "I need to have the capital to recover from that loss," Scherman said.

Persons: Ivan Scherman, —, Scherman, hadn't, David Aronson, shouldn't, it's Organizations: Futures, Service, New York Stock Exchange, Chicago Mercantile Exchange, University of Buenos, Argentine Financial Markets Institute Locations: Buenos Aires, Argentina, University of Buenos Aires

☆ World’s first 3D-printed hotel takes shape in Texas
▼ + stars: | 2024-09-26 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +2 min

It is building 43 new hotel units and 18 residential homes over 40 acres — all with a 3D printer. It is the world’s first 3D-printed hotel, says El Cosmico owner Liz Lambert and the partners behind the project — Austin, Texas-based 3D printing company ICON and architects Bjarke Ingels Group. The “ink” of this 3D printer is a special cement-based material called Lavacrete, a proprietary mixture designed for strength, affordable scale, and printability. In the long term, 3D-printed construction could displace some skilled laboring jobs, said Milad Bazli, a science and technology lecturer at Charles Darwin University in Australia. The hotel units will range between $200 and $450 per night.

Persons: El Cosmico, Liz Lambert, Bjarke, Lambert, ” Lambert, “ I’ve, It’s, ICON’s Vulcan, Jason Ballard, ” Ballard, Milad Bazli, “, ” Bazli Organizations: Bjarke Ingels, Charles Darwin University Locations: MARFA, Texas, El, Marfa, Austin , Texas, Austin, Australia

☆ 'Don't fight the Fed': Barclays and Citi turn bullish on these stocks after rate cut
▼ + stars: | 2024-09-25 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

The move prompted Wall Street giants Barclays and Citi to adopt a more optimistic stance on global cyclical stocks. Barclays believes the Federal Reserve's actions are "clearly designed to pull out all the stops to achieve a soft landing" for the economy. Barclays strategists noted that "cyclicals typically rebounded steadily after the Fed started its rate cut cycle ... as long as it was not followed by a recession." Citi strategists share a similar outlook for European stocks. "The scale of the downgrades has become so extreme of late that we're now approaching a point where negative ERI may be a useful contrarian indicator," the Citi strategists said.

Persons: Emmanuel Cau, Beata Manthey, we're, Safran, Atlas, — CNBC's Michael Bloom Organizations: Federal Reserve, Wall Street, Barclays, Citi, Fed, Siemens, BBVA, ING, Holcim, ASM Locations: United States

☆ Amazon's Bedrock success prompts a surprising question: Do you need a top model to win in AI?
▼ + stars: | 2024-09-24 | by ( Eugene Kim | ) www.businessinsider.com time to read: +6 min

Read previewSo far, the generative AI race has been about who can build the most powerful models. Almost two years later, there are so many powerful AI models out there, it's no longer that special. Advertisement'Important but not critical'AWS CEO Matt Garman appears to be fine not having a fancy, home-grown AI model. "It'll be important but not critical," Garman said when asked about the importance of offering a top-performing first-party AI model. AGI teamThis doesn't mean Amazon has given up on building its own powerful AI model.

Persons: —, Claude, Meta's, Matt Murphy, Anthropic, Murphy, ChatGPT, Patrick Neighorn, Amazon's, Andy Jassy, Matt Garman, Garman, Matt McIlwain, Brent Thill, Jefferies, Thill Organizations: Service, Google, Business, Microsoft, OpenAI, Gemini, Menlo Ventures, AWS, Intuit, Toyota, New York Stock Exchange, BI, Asia, Madrona Venture Group, Amazon Locations: Europe, Middle East, Africa, Asia Pacific, Japan, North America

A San Francisco venture firm developed a proprietary model it calls "moneyball for venture capital." The firm is revealing 19 exceptional female investors with a keen eye for identifying future unicorns. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . It developed a proprietary model it calls "Moneyball for venture capital" that uses AI to predict which early-stage startups are most likely to become unicorns, which are companies valued at more than a billion dollars.

Persons: —, Fred Campbell, Joseph Aaron, Scott Pyne, Steve Marek, Dick Fredericks Organizations: US, Service, Business Locations: San Francisco

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