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☆ Starbucks' system to make ordering better isn't the solution the company hoped for, an employee says
▼ + stars: | 2024-09-21 | by ( Alex Bitter | ) www.businessinsider.com time to read: +7 min

But one employee — or "partner," as Starbucks calls them — at a store that adopted the Siren Craft System earlier this year told Business Insider that the system isn't as effective as Starbucks has portrayed. The Siren Craft System is supposed to free up time that partners can devote to customer service and improving their coffee-making skills, Starbucks said in July. "Unless it's insanely slow, there's no time at any time of day to practice latte art or make samples for customers," the employee who has used the Siren Craft System said. The Siren Craft System is just Starbucks' latest effort to shorten wait times and improve operations at its stores. But now, the Siren System reserves one blender for frappuccinos and the other for Refreshers.

Persons: —, baristas, Laxman Narasimhan, Brian Niccol, Niccol, we've, Thomas Organizations: Service, Starbucks, Business, BI, Siren, System, Siren System Locations: Plano , Texas

☆ Edwin Moses: For 9 years, 9 months and 9 days he was unbeaten: A new film documents the journey of Olympic icon
▼ + stars: | 2024-09-21 | by ( Sabrina Clay | ) edition.cnn.com time to read: +9 min

New York CNN —Edwin Moses always loved the sport of track and field. For nine years, nine months and nine days Moses was unbeaten in races, winning 122 in a row. Moses’ journey on and off the field is chronicled in the new documentary, “Moses – 13 Steps,” produced by Oscar-winner Morgan Freeman. Danny Harris (right) crosses the finish line first to beat Moses (left) in the 400m hurdle race in 1987 to end Moses' 122-race winning run. If I’d have gone to name the school and name the track program with all the best coaches and everything, there would have never been no Edwin Moses.

Persons: Edwin Moses, Moses, progessively, Moses –, ” Moses, “, –, ”, Laureus, Moses ’, “ Moses –, Oscar, Morgan Freeman, Morgan, ‘ Edwin Moses, ’, Danny Harris, Adam Lubroth, it’s, John Carlos, Tommie Smith, Robert Kennedy, John Kennedy, Medgar Evers, Malcolm X, Martin Luther King, John, Morehouse, Edwin Moses I Organizations: New, New York CNN, Morehouse College, CNN, Olympic, Olympic Games, Broadview, Good Foundation, Morehouse, IOC, ‘, AFP, Getty Locations: New York, Germany, Europe, Madrid, United States, Mexico, Dayton , Ohio, Vietnam, Washington

☆ Tourists are rushing to see glaciers before they disappear, but trips are turning deadly
▼ + stars: | 2024-09-21 | by ( Laura Paddison | ) edition.cnn.com time to read: +7 min

The three people who lost their lives in Alaska are just a few of those who have died on trips to see the world’s fast-disappearing glaciers. But there’s also another motivation increasingly present — the desire to see the glaciers before they disappear. In Alaska, Sheldon used to be able to find a good area for ice climbing for the whole summer. Many are convinced danger is manageable, he told CNN, but “if you’re honest about it, that might often be a rather naive understanding.”As well the safety issues glaciers pose tourists, tourists are also a huge risk to the glaciers themselves. As the glaciers shift, so too will glacier tourism, something that’s starkly clear to Sheldon.

Persons: Zach Sheldon, Sheldon, Byron, Colin D ., there’s, It’s, Jackie Dawson, ”, Hrafn Sigurjonsson, Sven, Erik Arndt, Arterra, Dawson, Matthias Huss, Huss, “, Passo Sella, Emmanuele, Stefan Gössling, ” Gössling, what’s Organizations: CNN, Alaska Guide Company, Austrian, University of Ottawa, Association of, Association of Iceland Mountain Guides, Companies, Worthington, ETH Zürich, Linnaeus University Locations: Alaska, Valdez Lake, Portage, Chugach, Forest , Alaska, Association of Iceland, American, Iceland, An American, Valdez, Italy, Swiss, Passo, Val Gardena, Sweden, New York, Anchorage

☆ Major movie theater chains unveil a $2.2 billion makeover plan
▼ + stars: | 2024-09-21 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

That’s why the biggest theater chains in the United States and Canada have a $2.2 billion plan to bring them back. Large chains are also facing competition from luxury theaters offering an enhanced viewing experience, like IPIC Theaters and Alamo Drafthouse. Better air conditioning, new signs and revamped carpeting are also included in the plan. In July, Regal announced it would spend $250 million to remodel its 400 locations following its parent company’s exit from bankruptcy. The $2.2 billion investment shows “no better reflection of confidence” about movie theaters’ future, Paul Dergarabedian, senior analyst at Comscore, told CNN.

Persons: Cinemark, Paul Dergarabedian, ” Organizations: New, New York CNN, AMC Entertainment, Regal, American, IPIC, Sony Pictures Entertainment, National Association of Theatre Owners, NATO, CNN, “ Locations: New York, United States, Canada

ANN ARBOR, Mich. — Al Schmidt, Pennsylvania’s top state election official, outlined Thursday how administrators in the nation’s biggest battleground state are preparing to take on election misinformation and even potential violence before and after ballots are cast this year. But he said election officials have learned a lot since 2020. Election officials also faced threats and attacks from furious voters, with one local election official reporting that a third of the state’s 67 county election directors retired or resigned after the 2020 election. To help combat some of the threats against election workers that emerged around the 2020 race, Pennsylvania has established a new election threats task force to monitor the situation. After a drawn-out court battle, the Pennsylvania state Supreme Court ruled earlier this month that mail-in ballots without correctly written dates can be tossed out.

Persons: — Al Schmidt, Schmidt, Donald Trump, peddled, “, ” Schmidt, Josh Shapiro, ” It’s, ”, Trump, hasn’t, didn’t, You’ve, they’re, It’s Organizations: Republican, NBC, Democratic Gov, Capitol, ” Locations: Mich, Pennsylvania’s, Philadelphia, Pennsylvania, “

☆ Disney's plans to future-proof its TV business could help kill the cable bundle even faster than expected
▼ + stars: | 2024-09-20 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

Discovery to form sports streaming service Venu, which promised to offer access to tons of live sports at less than half the cost of traditional cable bundles. Unlike ESPN+, this service will have all of ESPN's content, including Monday Night Football games and shows like "First Take." Disney is doing everything it can to make sure it's not in the same boat — hence its investments in projects like Venu and ESPN Flagship. Despite that drawback, Nollen is optimistic about ESPN Flagship. If ESPN Flagship hits those milestones, it can fully offset the losses from pay TV, which it will — ironically — be partially responsible for.

Persons: —, Venu, Tim Nollen, Nollen, Fubo, Venu Sports, Craig Moffett, Michael Nathanson, MoffettNathanson, Margaret Garnett, Garnett, It's, Peacock Organizations: Service, Disney, Media, Business, Netflix, Fox, Warner Bros, ESPN, Football, US, DirecTV, ESPN Flagship, Paramount, NBC, CBS Locations: skinnier

☆ Anhui: Video captures terrifying moment of hiker falling down a mountain in China
▼ + stars: | 2024-09-20 | by ( Lucas Lilieholm | ) edition.cnn.com time to read: +1 min

CNN —Dramatic footage has emerged showing the moment a man slipped and fell down a steep mountain while hiking in China’s eastern Anhui province on Monday. The 42-year-old man, named Yang Meng, was hiking in the Fanzengjian mountains when he slipped and fell, capturing the moment on a 360-degree camera. The close-up view shows him skidding down a rain-slicked slope before a tree stops his fall and saves his life. In a later video shared on the platform, Yang said he had not been badly injured in the fall, but sustained some bruising on his left leg. Chinese state media described Bebinca, which made landfall Monday, as the strongest storm to hit Shanghai since 1949.

Persons: Yang Meng, “, ‘, ’, Yang, ” Organizations: CNN, Shanghai Locations: Anhui, Shanghai

☆ The hottest AI startups are raising back-to-back funding rounds. Suddenly, it's feeling very 2021 in Silicon Valley for a chosen few.
▼ + stars: | 2024-09-20 | by ( Ben Bergman | Melia Russell | ) www.businessinsider.com time to read: +11 min

Read previewIn February, Glean announced a $200 million funding round valuing the AI enterprise software startup at $2.2 billion. AdvertisementThe transaction is the latest in a string of dizzying back-to-back funding rounds at ever-higher valuations for a handful of AI startups that stand in stark contrast to the doldrums of the overall market for startups. Earlier this year, Sakana raised $30 million in a seed funding round led by Lux Capital. Slingshot AI, which has built an automated mental health counselor, also raised separate rounds of funding just months apart. Advertisement"VCs are increasingly faced with frequent requests from their hot AI companies to follow on or double down on investments," said Iris Sun, an investor at 500 Global.

Persons: —, Glean, Arvind Jain's inbox, Jain, Steve Brotman, Perplexity, SoftBank, Sakana, Gregg Hill, that's, Matt Murphy, Dario Amodei, Kimberly White, Murphy, I'd, I've, Jenny Chang, Rodriguez, Jai Das, Rajeev Dham, couldn't, Das, Sapphire, Uber, Iris Sun, Chandrasekar Organizations: Service, Business, DST Global, Alpha Partners, Bloomberg, Google, New Enterprise Associates, Khosla Ventures, Lux Capital, Parkway Venture Capital, Menlo Ventures, Getty, Sapphire Ventures, Investments Locations: Tokyo

☆ Case for the Bank of England to go further and faster with rate cuts: Oliver Wyman
▼ + stars: | 2024-09-20 | 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 EmailCase for the Bank of England to go further and faster with rate cuts: Oliver WymanHuw van Steenis, vice chair of Oliver Wyman and former advisor to Mark Carney, discusses the Bank of England's decision to hold interest rates at its September meeting and the impact of public sector pay rises.

Persons: Oliver Wyman Huw van Steenis, Oliver Wyman, Mark Carney Organizations: Bank of England, Bank of

☆ From gold and silver, to oil and aluminum: Where analysts see prices now the Fed has cut rates
▼ + stars: | 2024-09-20 | by ( Weizhen Tan | ) www.cnbc.com time to read: +6 min

HSBC in a Sept. 17 report examined the relationship between Fed rate cuts and copper and aluminum prices over the past 30 years. In its base case, Citi sees copper prices averaging $9,000 per ton for the rest of this year, citing U.S. election uncertainty and weak manufacturing sentiment. Energy Citi anticipates that oil will suffer renewed price weakness in 2025, with Brent falling to around $60 a barrel. Based on what happened in 2019, trade tariffs lowered global oil demand growth by 0.2 million barrels a day. A slowdown in China, among the world's largest importer and consumer of oil, has been blamed on slowing global oil demand.

Persons: annualized, it's, that's, Brent Organizations: U.S . Federal Reserve, Citi, HSBC, Commodities, Energy Citi Locations: China, U.S, Europe, Iran

☆ Fed Governor Waller says inflation softening faster than he expected put him in half-point-cut camp
▼ + stars: | 2024-09-20 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

Federal Reserve Governor Christopher Waller said Friday he supported a half percentage point rate cut at this week's meeting because inflation is falling even faster than he had expected. A week before the Fed meeting, markets were overwhelmingly pricing in a 25 basis point cut. Along with the decision, individual officials signaled the likelihood of another half point in cuts this year, followed by a full percentage point of reductions in 2025. Fed Governor Michelle Bowman was the only Federal Open Market Committee member to vote against the reduction, instead preferring a smaller quarter percentage point cut. "I was a big advocate of large rate hikes when inflation was moving much, much faster than any of us expected," he said.

Persons: Christopher Waller, Waller, CNBC's Steve Liesman, Michelle Bowman, Bowman, Jerome Powell Organizations: Federal, CNBC, Fed, Market, Commerce Department

☆ Companies face risk of huge fines and suspensions under tough new cyber rules in the EU
▼ + stars: | 2024-09-20 | by ( Ryan Browne | ) www.cnbc.com time to read: +7 min

The rules impose tougher requirements on companies around their internal cyber resilience strategy and internal practices. CNBC runs through all you need to know about NIS 2 — from what the law requires to the potential penalties businesses could face for violations. Under NIS 2, firms will also have to vet their digital supply chains for cyber threats and vulnerabilities. Companies that fail to comply with the new law could face massive potential fines, along with other punitive actions. Still, even with cyber security a much more prominent focus in board rooms, this hasn't stopped cyberattacks from taking place.

Persons: Oscar Wong, Geert van der Linden, Van der Linden, It's, Chris Gow, Carl Leonard, Leonard, Cisco's Gow, CISO, cyberattacks, Gow Organizations: European Union, NIS, CNBC, Information, EU, Companies, noncompliance, Data, Union Locations: EU, Capgemini, Russian

☆ Doomsday Glacier: Scientists looked deep beneath Antarctic ice. What they found could spell disaster
▼ + stars: | 2024-09-20 | by ( Laura Paddison | ) edition.cnn.com time to read: +5 min

The scientists project Thwaites and the Antarctic Ice Sheet could collapse within 200 years, which would have devastating consequences. Photograph of the high cliffs of Thwaites Glacier taken from the British Antarctic Survey Twin Otter aircraft. There is a concern that if Thwaites’ ice shelves collapse, it will leave towering cliffs of ice exposed to the ocean. The Thwaites Glacier in Antarctica NASA/ReutersThat’s not to say Thwaites is safe. The scientists predict the whole of Thwaites and the Antarctic Ice Sheet behind it could be gone in the 23rd Century.

Persons: Thwaites —, Thwaites ’, Rob Larter, Thwaites, ”, Kiya Riverman, Rob Robbins, Julia Wellner, ” Wellner, Reuters That’s, Eric Rignot, “ Organizations: CNN, British Antarctic Survey, University of Portland, University of Houston, El, Antarctica NASA, Reuters, University of California Locations: Antarctica, Miami, London, Bangladesh, Florida, Icefin, Thwaites, Irvine, ITGC

☆ Iran is helping the Houthi rebels in Yemen target and down U.S. Reaper drones, U.S. officials say
▼ + stars: | 2024-09-19 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Courtney-Kube-Circle-Byline-Template.Jpg | Courtney Kube | ) www.nbcnews.com time to read: +4 min

Iran is helping the Houthi rebels in Yemen target U.S. Reaper drones, which has enabled the Houthis to shoot down or damage several of the massive, unmanned aircraft, say two U.S. officials. The interference severely inhibits the U.S. ability to gather intelligence and increases the chance that the drones could drift into unfriendly airspace. The U.S. military has struggled to stop some Houthi air defense systems because rather than radars, the Houthis often use electro-optical systems to find targets. Iran sent a spy ship to the waters near Yemen to help the Houthis target ships in the Red Sea. It appears the U.S. plan to interdict shipments of Iranian weapons and destroy stockpiles of weapons and drones has failed to roll back Houthi attacks on cargo ships, Knights said.

Persons: Michael Knights, ”, Knights, “ Organizations: U.S, Pentagon, NBC, Defense Intelligence Agency, White House National Security Council, Washington Institute for Near, Policy, NBC News, ” Knights, U.S . Navy, “ Locations: Iran, Yemen, Tehran, Israel, U.S, Eastern Europe, Syria, Red

Stocks surged to open Thursday trading in the wake of the Federal Reserve’s announcement that it was lowering interest rates by half a percentage point. The Fed’s cut was widely expected, but came in larger than many analysts were forecasting. “The continued decline in mortgage rates is giving the mortgage market a much-needed boost,” Bob Broeksmit, the president and CEO of the Mortgage Bankers Association, said in a statement. At the same time, a growing set of indicators suggest economic growth may have begun heading in the wrong direction. “The Fed has signaled a high sensitivity to labor-market weakness,” Nomura Holdings financial group said in a note to clients Thursday.

Persons: Stocks, Jay Powell, ” Powell, It’s, “, Bob Broeksmit, ”, Powell Organizations: Dow Jones, Nasdaq, Fed, Mortgage Bankers Association, ” Nomura Holdings, Wall Street, Bank of America Locations: U.S

☆ Dodgers’ Shohei Ohtani reaches 50-50 in spectacular style
▼ + stars: | 2024-09-19 | by ( Fabian Ardaya | ) www.nytimes.com time to read: +5 min

MIAMI — In the first season of a record-setting contract, without throwing a single pitch, Shohei Ohtani found a new way to amaze. Reaching 40 home runs and 40 steals in a single season faster than any player was impressive enough. “I’ve seen him do some amazing things both pitching and hitting through the years but the way he’s doing this run of 50/50 is truly amazing. AdvertisementAs Ohtani took his curtain call, Baumann stepped off the rubber to let the two-way star soak in the moment. You start to see him stealing bags early in the year, he’s gonna try to go 50-50 again.

Persons: Ohtani, ” Ohtani, Will Ireton, ”, Nez Balelo, “ I’ve, Skip Schumaker, Ohtani strode, Mike Baumann, Andy Pages, —, Baumann, authenticators, that’s, Dave Roberts, Barry Bonds, Brady Anderson, Dino Ebel, “, He’s, That’s, ” Said, Clayton McCullough, ” Ebel, “ Don’t, he’s, Chris Arjoon Organizations: MIAMI —, Miami, Dodgers, Athletic, Marlins, Major League Baseball, ” Dodgers, MLB Locations: loanDepot

☆ JPMorgan economist who nailed half-point call sees another big Fed rate cut in November
▼ + stars: | 2024-09-19 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

At its much-anticipated meeting Wednesday, the Fed approved a half percentage point, or 50 basis point, cut to its benchmark funds rate that ran counter to the 25 basis point move that many Wall Street economists and strategists had been expecting. The benchmark fed funds rate now stands at 4.75% to 5.00% after Wednesday's move. Futures market pricing Thursday suggested a 25 basis point move in November followed by a 50 basis point cut in December, according to the CME Group's FedWatch. A basis point equals 0.01%. "Ultimately what we found most important in what Powell said was also among the least surprising things he said: future decisions are going to depend on the data," Feroli wrote.

Persons: Michael Feroli, Feroli, Jerome Powell, Powell Organizations: Federal Reserve, JPMorgan, Fed, Street Locations: U.S

$ 5.34 $ 5.34 Estimated Environmental cost + $ 22.02 Say a pound of beef costs $5.34 at your local supermarket. The Hidden Environmental Costs of Food Damage to the natural world isn’t factored into the price of food. The proponents of true cost accounting don’t propose raising food prices across the board, but they say that increased awareness of the hidden environmental cost of food could change behavior. (True cost accounting also typically includes things like labor rights and dietary health, but here we’re focusing on environmental costs.) Large disparities between the retail price of food and its environmental costs are found in the proteins many of us eat every day.

Persons: True Price, ”, Claire van den Broek, “ They’re, Alexander Müller, True, “, Scott Swinton, Roger Cryan, Mario Herrero, chickpeas Organizations: United Nations, Rockefeller Foundation, True, Sustainability, Michigan State University, American Farm Bureau Federation, New, Cornell University, Price, Beef, Oxford University, “, U.S . Department of Agriculture, Mountain, United Nations Food, Agriculture Organization Locations: Dutch, United States, Berlin, New York State, Denmark, Walmart.com, U.S, North America, Europe, Brazil, India, Netherlands, Germany

☆ The Fed 'moved too fast' with rate cuts and now risks reigniting inflation, analyst says
▼ + stars: | 2024-09-19 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

On the positive side, Wharton professor Jeremy Siegel called the decision the "best news" the Fed has offered in years. He said the Fed "moved too fast" with its 50-point cut. This is unusual, since investors will typically snap up these assets after a rate cut. Related storiesSome on Wall Street noted that the Fed's decision to cut beyond 25 basis points was essentially a signal that the central bank is moving past inflation. To Contopoulos point, this may be premature, as August's consumer price index report still stood above the 2% inflation target.

Persons: —, Wharton, Jeremy Siegel, Michael Contopoulos, Bernstein, Contopoulos, Powell, Narayana Kocherlakota Organizations: Service, Business, Bernstein Advisors, CNBC, Wall, University of Rochester

☆ 9 cities where lower mortgage rates are actually pushing home prices more than 10% higher
▼ + stars: | 2024-09-19 | by ( Christine Ji | ) www.businessinsider.com time to read: +3 min

Read previewHomebuyers may have breathed a premature sigh of relief last month when mortgage rates dropped. In the last six weeks, mortgage rates have fallen over half a percentage point to 6.2%, according to Freddie Mac. AdvertisementAccording to Redfin Senior Economist Sheharyar Bokhari, prices are increasing because the drop in mortgage rates has spurred demand for houses while supply remains low. Year-over-year, prices rose in almost every one of the top 50 metro areas. Below are the 9 cities where home prices have risen the most in the last year, increasing at double-digit rates.

Persons: —, Freddie Mac, it's, Sheharyar, Bokhari, Skylar Olsen, homebuyers, Olsen, Austin — Organizations: Service, Fed, Business, Redfin Locations: San Antonio

☆ Eldest-Daughter Syndrome Is Real; Big Sisters Do More, Studies Say
▼ + stars: | 2024-09-19 | by ( Kelli María Korducki | ) www.businessinsider.com time to read: +13 min

But there may be more of a science to eldest daughters than meets the eye. When a mother needed help, biology caused her eldest daughter to step up and mature faster to provide that help. Most striking of all, maternal distress was not found to speed up adrenal puberty in sons or younger daughters. "I have a closer relationship with her, to this day, than I do with many of my other older siblings," he said. His wife grew up as part of a similarly large brood — and her eldest sister had a similar experience.

Persons: Lisa Doucet, Albert didn't, Doucet, Albert, I'm, " Doucet, babysitters, they'd, Molly Fox, Fox, Pamela Jakiela, aren't, isn't, Jonathan Westover, Mary Poppins —, Westover, We're, —, Lenette Azzi, Lessing, Jakiela Organizations: University of California, Fox, Center for Global Development, Williams College, University of Essex, Child, Utah Valley University, Boston University, Child Welfare League of America Locations: Rhode Island, Providence, TikTok, Los Angeles, Kenya, Utah

☆ Nike and Adidas veterans are backing a $125M project seeking to revitalize the Portland sportswear industry
▼ + stars: | 2024-09-19 | by ( John Kell | ) www.businessinsider.com time to read: +10 min

The Northeast is the ancestral home of footwear manufacturing in the US, where New Balance still assembles more than 4 million pairs of sneakers each year. But that could soon change with a plan for a $125 million development campus called Made in Old Town. At the federal level, the US government has offered billions in subsidies to support manufacturing, mostly targeting the auto, semiconductor, and solar industries. With the Made in Old Town project, the aim is to generate about 6,000 full-time jobs in Portland by as soon as 2028. A long way to goThe Made in Old Town project is still in its early stages, having raised $15 million of its $125 million goal.

Persons: Portland's, Hilos, —, Keen, Elias Stahl, Portland's Hilos, Stahl, they're, Eric Liedtke, Liedtke, They've, Alo, Armour, Tina Kotek, Noel Kinder, Nike's, Kinder Organizations: Technology Association of Oregon, Chain Management, Service, Nike, Adidas, Bureau of Labor Statistics, Factory, Brands, Columbia, Midwest ., Gov Locations: Old Town, Portland , Oregon, Columbia, Portland's Old, Portland, Vietnam, China, Asia, Old, Germany, North America, Atlanta, Midwest

☆ Why rate cuts could actually slow the economy instead of sparking growth
▼ + stars: | 2024-09-19 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

The consensus view is that lower rates will stave off a recession by stimulating economic growth through lower borrowing costs. The hidden danger of a double cutHowever, David Kelly of JPMorgan Asset Management warned that lower rates aren't an economic panacea. In fact, the chief global strategist thinks these cuts could, paradoxically, cause the economy to slow in the near term. Advertisement"The important thing to recognize is that cutting interest rates at the start doesn't stimulate the economy at all," Kelly said on CNBC. "There is a J-curve effect; it actually slows the economy because people begin to anticipate those lower rates, so they want to wait for lower rates."

Persons: —, Jim Caron, Claudia Sahm, Jerome Powell, Sahm, Ronald Temple, Kevin Philip of, David Kelly, Kelly, what's, you've, Kelly isn't, it's, they've Organizations: Service, Federal, Business, Fed, Dow Jones, Morgan Stanley Investment Management, CNBC, New Century Advisors, Lazard, Kevin Philip of Bel Air Investment Advisors, JPMorgan Asset Management

☆ Nuclear fusion: The US led in this clean energy race for decades. Now China is in position to win
▼ + stars: | 2024-09-19 | by ( Angela Dewan | Ella Nilsen | ) edition.cnn.com time to read: +10 min

It’s also here, on an unassuming downtown street, a small start-up called Energy Singularity is working on something extraordinary: nuclear fusion energy. Nuclear fusion, the process that powers the sun and other stars, is painstakingly finicky to replicate on Earth. The Chinese government is pouring money into the venture, putting an estimated $1 billion to $1.5 billion annually into fusion, according to Jean Paul Allain, who leads the US Energy Department’s Office of Fusion Energy Sciences. The US was among the world’s first to move on the futuristic gambit, working on fusion research in earnest since the early 1950s. CNNThe US has been a fusion leader for decades; it was the first nation to apply fusion energy in the real world — in a hydrogen bomb.

Persons: It’s, Lam Yik Fei, Jean Paul Allain, Biden, “, it’s, ” Allain, Andrew Holland, Holland, ”, ” Holland, Damien Jemison, Lawrence, Melanie Windridge, Mikhail Maslov, Allain Organizations: CNN, 6G, Beijing outspends DC, New York Times, US Energy Department’s, Fusion Energy Sciences, Private, Nikkei . Energy, MIT, Fusion Industry Association, Princeton, Physics, American, America, Commonwealth Fusion Systems, ” CNN, China’s National Energy Administration, Lawrence Livermore National Laboratory, Fusion Energy, EAST, UK Atomic Energy Authority Locations: Shanghai, America, China, Beijing, Washington, DC, Japan, Europe, United States, Hefei, Xinhua, Massachusetts, Hiroshima, California, Lawrence Livermore

Amelia is the latest generative AI tool that Amazon has brought to market in the past year as it seeks to capitalize on the hype sparked by OpenAI's ChatGPT. The company has introduced an AI-powered shopping assistant named Rufus, a chatbot for businesses dubbed Q and Bedrock, a generative AI service for cloud customers. More than 400,000 of Amazon's millions of third-party sellers have used its AI listing tool, up from 200,000 in June, he said. With Amelia, Amazon is counting on generative AI to help with a key issue for third-party merchants — account troubleshooting. Amazon said the tool uses retrieval-augmented generation, or RAG, a popular AI industry framework that combines generative AI with long-established methods of information retrieval.

Persons: Nathan Stirk, Amelia, OpenAI's ChatGPT, Rufus, Anthropic, Andy Jassy, Jassy, Thos Robinson, it's, Dharmesh Mehta, Mehta Organizations: Getty, Central, CNBC, New York Times, Google, Microsoft, Merchants Locations: New York City, Seattle .

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