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☆ Volatility looms as election season heats up. Fortify your portfolio against autumn market shocks
▼ + stars: | 2024-09-19 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +6 min

Recalibrate for risk Protecting your portfolio from sharp losses begins with understanding your comfort with risk and ensuring that your asset allocation reflects your long-term goals. "But over that period when markets were down, there were opportunities to harvest losses in stocks, individual names that experienced big pullbacks." And they've been a good buy for clients who are nearing retirement, seeking income and appreciate bonds' ability to offset stocks' volatility. Options for buffering losses Options are also playing a role in investors' portfolios as financial advisors try to mitigate volatility. Call options give investors the right to buy a stock at a specified strike price before a certain date.

Persons: Stocks, Goldman Sachs, Arun Prakash, Prakash's, Rafia Hasan, San, Hasan, they've, Andrew Herzog, We're, Herzog, he's, Gregory Guenther, Morningstar, " Guenther Organizations: Federal, Wealth Management, Fed, Treasury Bond ETF, SEC, GrantVest Financial Locations: San Francisco, Plano , Texas, Matawan , New Jersey

☆ America is ready to go big on AI infrastructure
▼ + stars: | 2024-09-18 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

Its backers have committed to driving the "significant infrastructure investment" needed to make AI more powerful. Critically, the firms behind the fund said these infrastructure investments "will be chiefly in the United States," where it plans to fuel AI innovation and economic growth. It will also fund the energy infrastructure needed to power them. AdvertisementData centers, chip manufacturing plants, and energy supply are all vital for making AI tick. AdvertisementThe headline result was the launch of a new task force on AI data center infrastructure, designed to underscore the vital importance of building out the infrastructure needed to maintain momentum in the generative AI race.

Persons: —, MGX, Brad Smith, Lindsey Wasson, TSMC, Justin Sullivan, Getty, CBRE, Nvidia's Jensen Huang, Sam Altman, Gina Raimondo Organizations: Service, Microsoft, BlackRock, Business, Global Infrastructure Partners, REUTERS, US, Nvidia, Congress, Financial Times, Big Tech Locations: Taiwan, China, United States, Abu Dhabi, Chicago, Northern Virginia, Washington

☆ Intel, once a Silicon Valley star, has been floundering. Now it's mounting a turnaround.
▼ + stars: | 2024-09-17 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +6 min

During his tenure as CEO, Grove transformed the chip company into a giant of Silicon Valley that, during the 1990s, was as important to the PC market as Microsoft. Pat Gelsinger, who has led Intel as CEO since 2021, has enacted a sweeping set of new initiatives to turn the chip company around. Its Gaudi 3 AI chip, unveiled as a rival to offerings from Nvidia and AMD, is expected to generate just $500 million in sales this year. Meanwhile, Alvin Nguyen, senior analyst at Forrester, told Business Insider that this is a big public win for Intel. Gelsinger's second headline announcement was that the company is establishing Intel Foundry as a separate subsidiary within Intel, with its own new operating board and independent directors.

Persons: —, Andrew Grove, he'd, Grove, Grove —, Pat Gelsinger, Gordon Moore, Gelsinger, HWA CHENG, Patrick Moorhead, Moorhead, Alvin Nguyen, Forrester, Gelsinger's, It's, Forrester's Nguyen, Bernstein Organizations: Service, Microsoft, Intel, Business, Nvidia, Gaudi, AMD, Revenue, HWA, Getty, Amazon Web Services, Intel Foundry, Reuters Locations: Silicon, Japan, Moore's, AFP, Poland, Germany, Arizona , Oregon, New Mexico, Ohio

☆ Saudi Arabia just stepped up plans to court the world's AI leaders to its desert kingdom
▼ + stars: | 2024-09-16 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

In recent months, Saudi Arabia has hosted a flurry of high-profile events, leaders, and dealmaking from the AI world. This year's showcase featured speakers from top AI companies in the West, such as Nvidia, Qualcomm, Google, Microsoft, and OpenAI rival Cohere. Saudi Aramco is working with AI startup Groq to build a new data center in Saudi Arabia. For Saudi Arabia, AI doesn't just present the chance to bet big on tech's latest hype train. Saudi Arabia generated a similar amount of hype around its AI ambitions in March when it held its LEAP conference.

Persons: —, Mohammed bin Salman, Cohere, Saudi Aramco —, Hamad, Mohammed Groq, Groq, Jonathan Ross, doesn't, Adam Selipsky, Arvind Krishna, Abdullah Alswaha, PIF, A16z, Marc Andreessen, Ben Horowitz Organizations: Service, Saudi Arabia's, Business, Global AI, Nvidia, Qualcomm, Google, Microsoft, BlackRock, Cisco, Public Investment Fund, Amazon Web, IBM, Saudi, New York Times, Silicon Locations: Saudi Arabia, Saudi Aramco, Bay

☆ OpenAI's o1 model is inching closer to human-like intelligence — but don't get carried away
▼ + stars: | 2024-09-13 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +6 min

AGI is a distance awayOpenAI's new o1 models make improvements in the ability of AI models to reason. AdvertisementIn some ways, the o1 models do enter OpenAI into a new paradigm. pic.twitter.com/niqRO9hhg1 — Noam Brown (@polynoamial) September 12, 2024Where previous AI models were bottlenecked by the data fed to them during the "pre-training" phase, Brown wrote, o1 models showed that "we can now scale inference". Related storiesJim Fan, a senior research scientist at Nvidia, noted that the technicalities underlying this are what have helped make this fundamental breakthrough of OpenAI's o1 models possible. Uncertainty hovers over how o1 models will perform more broadly.

Persons: —, OpenAI, Sam Altman, Noam Brown, niqRO9hhg1 — Noam Brown, Brown, Jim Fan, Fan, Altman, Will Depue, — Sam Altman, Ethan Mollick, it's Organizations: Service, Business, o1, International, pretraining, Nvidia, OpenAI's o1, Wharton Locations: San Francisco

Some sections are backward-looking and focus more on touting the record of the Biden-Harris administration, while also criticizing Trump’s agenda. The health care section of Harris’ agenda focuses more on what the Biden-Harris administration has done than plans for the future. The Harris agenda vows to “fight to raise the minimum wage,” but doesn’t say how high she wants it to be. The Harris campaign would not say whether she supports doing away with the 60-vote rule to pass those measures. The bulk of Harris’ agenda would be subject to congressional approval, likely requiring Democrats to control the House and Senate to have a strong chance of passage.

Persons: Kamala Harris, Donald Trump, Harris, Joe Biden, ”, “, Sydney Smith, Republicans scoff, ” Sen, John Cornyn, Harris hasn’t, “ I’m, Biden, Republicans tanked, Trump, Karoline Leavitt, “ They’ve, Ron Wyden, “ We’re, ” Harris, Hasan Pyarali Organizations: WASHINGTON, Biden, Republican, New York Times, Trump, Wake Forest University, Republicans, GOP, NBC News, Security, Social Security, Medicare, Senate, Border Patrol, The Society, Technology, ”, CNN, ABC, Democratic Locations: North Carolina, Texas, America

☆ OpenAI is showing that the AI race is survival of the richest
▼ + stars: | 2024-09-12 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +6 min

It's also a sign of just how expensive the business of training and running AI models is getting. AdvertisementGenerative AI is a cash-guzzlerStartups like OpenAI need to raise huge amounts of capital to build smarter AI models. Just look at the spending of Big Tech firms working to improve their AI models. Consolidation has struck the AI industry in recent months, as some top startups trying to build AI models have been gutted. AI startups serious about progressing on LLMs will need to figure out the answer to this pretty quickly.

Persons: —, Elon, Sam Altman, ChatGPT, It's, Justin Sullivan, OpenAI, Dario Amodei, Anthropic, Pretty, Amodei's Anthropic, Dario Amodei's Anthropic, Noam Shazeer —, Ben Bergman, Sri Muppidi, it's, Elad Gil, Gil Organizations: Service, Bloomberg, Business, SpaceX, Getty, Microsoft, Big Tech, Street, Nvidia, Apple, Amazon, Samsung, Google Locations: OpenAI, aren't

☆ We're about to find out if Jensen Huang can get investors to snap out of their AI panic
▼ + stars: | 2024-09-11 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

Read previewJensen Huang faces a monumental task as he takes center stage at a Goldman Sachs event on Wednesday: getting AI investors to stop panicking. However, there are signs suggesting that investors are getting pretty angsty over the future of Nvidia and AI more broadly. The markets are in a panic over AINvidia has been a powerhouse at the center of the generative AI boom. First, Nvidia's 122% year-on-year revenue growth in the last quarter was smaller than the 262% growth it recorded in the previous quarter. "I do not believe that Jensen is able to say anything that will quell investors' nerves," he said.

Persons: —, Jensen Huang, Goldman Sachs, Chris Beauchamp, Jeff Chiu, Beauchamp, Bernstein, Emma Cosgrove, Huang, Blackwell, Alvin Nguyen, Forrester, Jensen Organizations: Service, Nvidia, Technology Conference, Business, Google, Meta, Microsoft, Santa, Big Tech, Blackwell Locations: San Francisco, Santa Clara

☆ Europe has admitted it's fallen behind US innovation. Now it's plotting a comeback.
▼ + stars: | 2024-09-10 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +7 min

How Europe fell behindThe US and China have outpaced the EU on innovation. One of its biggest tech companies, Dutch semiconductor firm ASML, was founded 40 years ago. Europe's strategy to close the innovation gapMario Draghi thinks the EU should focus its attentions on AI. REUTERS/Yves HermanDespite its weaker position relative to the US and China, Draghi thinks the EU can devise a plan to close the innovation gap. Beyond AI, Draghi points to other measures to close the innovation gap, such as reforms to policies that he thinks hinder innovation, as well as addressing big funding issues.

Persons: —, Mario Draghi, Draghi, European Central Bank —, Pedro Pardo, There's, Yves Herman, Musk, Mario Organizations: Service, Union, European Central Bank, Business, AFP, EU, Novo Nordisk, REUTERS, Tiger Global, Elon Musk Locations: Europe, China, EU, Silicon

☆ Apple's China rival Huawei just upstaged the iPhone 16 launch
▼ + stars: | 2024-09-10 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

This year, however, one of its top rivals in China has tried to rewrite the script. To make its challenge even clearer, Huawei is putting the Mate XT on sale in stores on September 20 — the same day the iPhone 16 will be available in China. Huawei's Mate XT will go on sale the same day as the iPhone 16 in China. AdvertisementFor some time now, Apple has anxiously been watching iPhone sales tumble in China. AdvertisementBut in the meantime, iPhones without AI could prove to be a tougher sell in China in the face of stiff competition.

Persons: —, Jamie MacEwan, MacEwan, raring, Gene Munster, Richard Windsor —, Apple Organizations: Service, Huawei, Business, Apple, Enders Analysis, Apple Intelligence, Deepwater Asset Management, Radio Free Mobile, Windsor Locations: China

☆ Apple's event will serve as a litmus test for the wider AI industry
▼ + stars: | 2024-09-09 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

Apple is gearing up to announce a new lineup of devices at its 'Glowtime' event today — that's where we kick things off in our big story. AdvertisementApple's "Glowtime" event is today, the latest iteration of the tech giant's annual unveiling of its newest iPhone , writes Business Insider's Jordan Hart. AdvertisementAppleThe Apple event will also serve as a litmus test for the wider AI industry. Even giants like Microsoft and Amazon have struggled to turn their big AI bets into revenue drivers. AdvertisementSuccess could give the AI industry more confidence that there is a light at the end of the AI spending tunnel.

Persons: —, Chelsea Jia Feng, Insider's Jordan Hart, Apple, that's, BI's Hasan Chowdhury, that'll, –, Siri, Jenny Chang, Rodriguez, Paul Graham's, Brian Niccol, Laxman Narasimhan, Dan DeFrancesco, Hallam Bullock, Grace Lett, Milan Sehmbi, Amanda Yen Organizations: Service, Business, Chelsea, Apple, Apple Intelligence, Microsoft, Amazon, Getty, Nvidia, JPMorgan, DOJ, Google, Oracle Locations: China, New York, London, Chicago

☆ Apple is losing ground in China. Here's how the iPhone 16 can help.
▼ + stars: | 2024-09-07 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

Wang Gang/Getty ImagesIt's worth noting that in its 15-year history with the iPhone in China, Apple has been the dominant force in the smartphone market. Other local smartphone manufacturers, including Honor, Xiaomi, and Vivo, have also seen gains over the past year. The upcoming iPhone 16 will introduce users to Apple Intelligence, its new suite of generative AI features, first introduced at its June Worldwide Developers Conference. Apple is betting on Apple Intelligence to boost iPhone sales. The company is seeking a local partner to bring more advanced chatbot features to Apple Intelligence in China.

Persons: —, Tim Cook, It's, Wang Gang, Apple, Xiaomi, Cook, ChatGPT, Wedbush, Paolo Pescatore Organizations: Service, Apple, Weibo, Business, China Apple, Huawei, Pura, Apple Intelligence Apple, Apple Intelligence, Foresight Locations: China, Shanghai, He'll, Cupertino

☆ OpenAI is fighting to keep cofounder Ilya Sutskever's files secret
▼ + stars: | 2024-09-06 | by ( Darius Rafieyan | Hasan Chowdhury | ) www.businessinsider.com time to read: +1 min

Lawyers in a lawsuit between OpenAI and authors are fighting over whose files should be subject to discovery. Co-founder and former chief scientist Ilya Sutskever is among the six disputed names. Plaintiffs in the copyright lawsuit include authors such as George R. R. Martin, and David Baldacci. Go to newsletter preferences Thanks for signing up! Lawyers in a high-profile copyright lawsuit between OpenAI and book authors are fighting over whose files should be subject to discovery.

Persons: Ilya Sutskever, George R, Martin, David Baldacci, —, OpenAI Organizations: Service, Lawyers, Author's, Business Locations: New York

☆ Nvidia is about to test the nerves of AI investors
▼ + stars: | 2024-08-24 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +1 min

The chip giant is set to report earnings at a time when investor interest in AI is in flux. Buyers of its chips have faced swings as investors fret that returns on spending are a long way off. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. 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 .

Persons: —, Jensen Huang Organizations: Nvidia, Service, Big Tech, Business

☆ Former Bangladesh leader calls for inquiry into killings during unrest that led to her ouster
▼ + stars: | 2024-08-14 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +5 min

Some of the violence pitted student activists against pro-government student and youth groups and police, and many of those who died were among the student activists. However, Hasina’s statement underlined that police officers, members of her Awami League political party, bystanders and others also were victims of what she described as “terrorist aggression.” She previously has blamed opposition parties for stoking the unrest. Hasina’s statement came as the country’s interim government on Tuesday canceled a public holiday that she had declared for Thursday to mark the death of her father, Bangladesh’s independence leader Sheikh Mujibur Rahman. The cancellation came at the request of at least seven political parties, including the main previous opposition group, the Bangladesh Nationalist Party. An interim government is now running the country, with Muhammad Yunus, a Nobel peace laureate, sworn in as interim leader.

Persons: Bangladesh —, Sheikh Hasina, Hasina, Sajeeb Wazed Joy, Hasina’s, Sheikh Mujibur Rahman, S.M, Amir Hamza, Abu Sayeed, Rajesh Chowdhury, Hamza, Sayeed, Asaduzzaman Khan, Obaidul Quader, Rajib, Anisul Huq, Salman F, Rahman, Mainul Hasan, Muhammad Yunus Organizations: Awami League, Bangladesh Nationalist Party, Home, Awami League party’s, Mohammadpur, Police Locations: DHAKA, Bangladesh, India, Dhaka, Rajib Dhar, U.S

☆ Myanmar: Hundreds of fleeing Rohingya reportedly killed in drone strikes as fears mount of ethnic cleansing
▼ + stars: | 2024-08-12 | by ( Avery Schmitz | Helen Regan | ) edition.cnn.com time to read: +9 min

CNN —Renewed fears of ethnic cleansing against the stateless Rohingya Muslim community are mounting after reports that hundreds of people, including women and children, were killed by drone strikes while fleeing violence in Myanmar’s western Rakhine state last week. Witnesses and Rohingya activists told CNN that a series of drone strikes on August 5 hit civilians fleeing fighting and violence in their villages in Maungdaw, northern Rakhine. The displaced families had been waiting to cross the river to Bangladesh at the time of the attack, they said. Forced recruitment of Rohingya men and boys is stoking religious tensions between the Rohingya Muslim and Rakhine Buddhist communities, the report said. “Ethnic Rohingya and Rakhine civilians are bearing the brunt of the atrocities that the Myanmar military and opposition Arakan Army are committing,” said Elaine Pearson, Asia director at Human Rights Watch.

Persons: Rohingya, “, ”, –, …, Orla Murphy, Hasan, Rehman Asad, Mohammad Elias, Elias, ” Elias, Elaine Pearson Organizations: CNN, Arakan Army, AA, Myanmar, United Nations, International Court of Justice, Free Rohingya Coalition, Resource Management, Sans, MSF, “, ” CNN, Bangladesh’s Border Guard Force, Human Rights, Human Rights Watch Locations: Rakhine, Myanmar, Bangladesh, Ma, Maungdaw, Myanmar’s, Muangdaw, Lwin, Rohingya, Cox’s Bazar, Ukhia, Cox's Bazar, “, Buthidaung, Arakan, Asia

☆ Elon Musk's battle with Mark Zuckerberg is looking like a lost cause
▼ + stars: | 2024-08-10 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +7 min

Read previewElon Musk might just be losing any hopes he had of one-upping his arch nemesis, Mark Zuckerberg. A lost battleElon Musk is facing a tougher battle with Mark Zuckerberg's social media empire. Beata Zawrzel/Getty ImagesOne of Musk's biggest challenges in turning X into a legitimate rival to Zuckerberg's social media platforms is generating revenue. In Musk's own words, it's a declaration of "war" with the very people he needs to boost falling revenue at X. But none of this helps Musk in its effort to outdo Zuckerberg at his own social media game and widen X's appeal.

Persons: —, Elon, Mark Zuckerberg, wakeboarding —, reputationally, Zuckerberg, Elon Musk, Mark, Beata Zawrzel, Musk's, Musk, Linda Yaccarino, X, it's, Lara O'Reilly, GARM, Tommy Robinson, Robinson, Stephen Yaxley, Lennon —, 4W5ZOssbEY, Josh Self, Kier Starmer, it'll Organizations: Service, SpaceX, Business, Twitter, Musk's, The New York Times, Meta, Global Alliance, Responsible Media, Center, Britain, Financial Times Locations: San Francisco, Meta's, Texas, Southport, Liverpool, Falkland, Britain

☆ The AI world's most valuable resource is running out, and it's scrambling to find an alternative: 'fake' data
▼ + stars: | 2024-08-09 | by ( Hasan Chowdhury | Hugh Langley | ) www.businessinsider.com time to read: +11 min

OpenAI CEO Sam Altman has argued that AI models should eventually produce synthetic data good enough to train themselves effectively. As the well of usable human-generated data dries up, more companies look into using synthetic data. Rather than being pulled from the real world, synthetic data is generated by AI systems that have been trained on real-world data. Synthetic data may help offer some effective "countertuning" to the biases produced by real-world data, too. 'Habsburg AI'While the AI industry found some advantages in synthetic data, it faces serious issues it can't afford to ignore, such as fears synthetic data can wreck AI models.

Persons: —, that's, Sam Altman, Gary Marcus, It's, Nathan Lambert, Gretel, SynthLabs, Meta, Timnit Gebru, Margaret Mitchell, LLMs, Sadowski, Alexandr Wang, AlphaGeometry, Marcus Organizations: Service, Google, Business, Oxford, Gartner, New York University, Allen Institute, AI, Nvidia, Meta's, Anadolu, Getty, Rush, Microsoft, Monash University Locations: Cambridge, Habsburg

☆ Middle East wealth funds are scrambling to rescue their big bets on the future
▼ + stars: | 2024-08-08 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +6 min

Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. A particular focus for these funds built on the back of petrodollars has been to build ownership and influence in the tech sector. FETHI BELAIDOver the past week, PIF and Mubadala have been busy figuring out what to do when their unbridled ambitions for tech companies face reality. Reports from the Financial Times and Bloomberg have shone a light on efforts being made by the sovereign wealth fund to boost returns in European startups in which it has invested billions of dollars. AdvertisementSeveral of these nascent tech companies, such as the insurance firm WeFox, have been bruised by shifting sentiment in the markets in recent years.

Persons: —, Abu Dhabi's Mubadala, SoftBank's, ByteDance, Prince Mohammed bin Salman, Peter Rawlinson, Lucid, John Keeble, Rawlinson, PIF, it's, Mubadala Organizations: Service, Saudi, Public Investment Fund, Business, PIF, Financial Times, Bloomberg Locations: Middle, petrodollars, Saudi, California

The crisis could also have implications for neighboring India, which is seen as having long supported Hasina and where she fled Monday. He did not say how long Hasina would be in India or what she planned to do next. Though the protests began over a controversial quota system for highly coveted government jobs, they soon morphed into broader calls for justice for those killed as well as Hasina’s resignation. On Monday, the State Department said the U.S. stands with the people of Bangladesh and urged all parties to refrain from further violence as an interim government is formed. “Too many lives have been lost over the course of the past several weeks, and we urge calm and restraint in the days ahead,” spokesperson Matthew Miller said at a news briefing in Washington.

Persons: Islam, Yunus, ” Yunus, Bangladesh’s, ”, Chietigj Bajpaee, Bangladesh doesn’t, Hasina, Subrahmanyam Jaishankar, Matthew Miller Organizations: NBC, Yunus Centre, South, Chatham House, State Department Locations: Dhaka, South Asia, London, Washington, Bangladesh, China, Beijing, India, United States, U.S

☆ Apple wants to rewire search with AI — and that may help cut the Google cord
▼ + stars: | 2024-08-06 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

In reality, however, Apple may not have to worry too much if it does have to reduce its reliance on Google for search on its devices. In other words, Apple hopes that AI can intelligently answer queries and support user needs by understanding what actually matters to users. Related storiesPart of Apple Intelligence also involves a revamped Siri, Apple's chatbot that users can supercharge by offering permission to connect to OpenAI's industry-leading technology, ChatGPT. It's unlikely to find a deal as lucrative as the one it got with Google on search anytime soon, either. AdvertisementStill, Apple's bet on AI gives it a chance to present consumers with an alternative way to search the internet.

Persons: —, Hugh Langley, Tim Cook, Siri, Apple's, ChatGPT, it's, Monday's, OpenAI Organizations: Service, Google, Business, Apple, Apple Intelligence, company's, Conference Locations: Washington, Silicon

DHAKA, Bangladesh — Bangladesh Prime Minister Sheikh Hasina resigned and left the country on Monday, the army chief said, a day after nearly 100 people were killed in clashes with the police as protesters demanded she step down. Video showed protesters carrying clothes and furniture out of the prime minister’s residence in Dhaka, the capital, which had been left unguarded. “All hail the 300 martyrs who died for our future.”Bangladesh Prime Minister Sheikh Hasina in Dhaka on July 25. Sunday’s death toll was the highest since the protests began over a controversial preferential quota system for public sector jobs. “The shocking violence in Bangladesh must stop,” Volker Türk, the U.N. High Commissioner for Human Rights, said in a statement Sunday.

Persons: Sheikh Hasina, Zaman, Hasina, Bangladesh’s, jubilance, ”, Saqlain Rafi, Prothom Alo, Monorom, ” Volker Türk Organizations: South, AFP, Getty, Human Rights Locations: DHAKA, Bangladesh, Dhaka, Bangla

☆ Tech stock sell-off may herald the long-awaited AI reckoning
▼ + stars: | 2024-08-05 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementThe tech slide follows a dramatic sell-off in Asia, with Japan's main stock market index, the Nikkei 225, ending 12.4% lower and other AI heavyweights such as SoftBank slid hard. By the end of the year, the company expects to spend up to $40 billion on AI research and product development. That's because AI's been touted as a technology as revolutionary as the internet and smartphones by tech luminaries like Bill Gates. If others really start to believe that's the case, it could mark the beginning of the end for the AI rally.

Persons: —, Jensen, Warren Buffett's Berkshire Hathaway, SoftBank, Sundar Pichai, Susan Li, AI's, Bill Gates, Goldman Sachs, Jim Covello, Daron Acemoglu, it's, Blackwell, Elliott, Dan Ives Organizations: Service, Tech, Business, Nvidia, Apple, Microsoft, Nikkei, Google, Big, Investors, Meta, Elliott Management, Financial Times Locations: Asia

☆ Apple is staring down 2 different futures for the iPhone
▼ + stars: | 2024-08-02 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +1 min

Apple is about to find out which future path the iPhone will follow. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementWhat does the future of the iPhone look like? In Apple's last fiscal year, which ended in September 2023, iPhone sales fell to $200.6 billion from $205.5 billion the year prior. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Apple, Apple Intelligence, Service, Business

☆ Israel scored major intelligence wins in daring assassinations of Iranian proxy leaders
▼ + stars: | 2024-08-02 | by ( Jake Epstein | ) www.businessinsider.com time to read: +7 min

AdvertisementA photo taken on July 30 shows the destroyed top floors of an eight-story building following an Israeli military strike on Beirut's southern suburb. AdvertisementA man waves a Hezbollah and a Palestinian flag during the funeral procession of top Hezbollah commander Fuad Shukr in Beirut's southern suburbs on August 1. AdvertisementA man waves a Hezbollah and a Palestinian flag during the funeral procession of top Hezbollah commander Fuad Shukr in Beirut's southern suburbs on August 1. Photo by AFP via Getty ImagesYoav Gallant, Israel's defense minister, said Thursday that "the operation was conducted precisely and professionally" by the IDF and Israeli security forces. In April, Israel's military intelligence chief resigned and said his directorate "did not live up to the task we were entrusted with."

Persons: —, Israel, Fuad Shukr, Shukr, Hasan Nasrallah, Jonathan Lord, KHALED DESOUKI, Bruce Hoffman, Ismail Haniyeh, Masoud, Axios, Hoffman, Mohammed Deif, Yoav Gallant, apparatuses Organizations: Service, Israel, Business, Getty, Jihad Council, US Marine Corps, Israel Defense Forces, Pentagon, Center, New, New American Security, Palestinian, Council, Foreign Relations, The New York Times, Getty Images Israel, Islamic Revolutionary Guards Corps, AFP Locations: Lebanon, Iran, East, Beirut, Golan, New American, Beirut's, AFP, Tehran, Israel, Gaza, Hamas, Palestine

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