DIRS.INFO The most relevant business & tech news

☆ Cloud security startup Wiz turned down a Google takeover. Now, it plans to ride the AI boom to an IPO.
▼ + stars: | 2024-12-16 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +6 min

Cloud security startup Wiz has grown rapidly in just four years, raising $1.9 billion along the way. AdvertisementIts next priority is to double that revenue metric — and then become a public company. It bills itself as a cloud security company that helps companies identify risks in their cloud providers. Wiz has found that over 80% of its customers are using AI services — which "are, in some ways, like cloud services. AdvertisementShe likened companies buying security services to buying insurance packages, pointing to incumbents in the security industry with a similar model.

Persons: Raaz Herzberg, Wiz, Herzberg, Andreessen Horowitz, —, Palo, Donald Trump's, We're Organizations: Wiz, Google, Microsoft, Index Ventures, Companies, BI, BMW, Palo Locations: Europe, New York, Virginia , Texas , Colorado, Israel, London, Silicon, Palo Alto, York

☆ Lack of fresh data is a real challenge to AI development, says Latent Space Advisory's Henry Ajder
▼ + stars: | 2024-12-16 | 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 EmailLack of fresh data is a real challenge to AI development, says Latent Space Advisory's Henry AjderHenry Ajder, Latent Space Advisory founder, joins 'Squawk Box' to discuss the state of the AI landscape, AI innovation outlook in 2025, challenges facing the technology, and more.

Persons: Henry Ajder Henry Ajder Organizations: Space Advisory

☆ Making the Case For & Against Adobe
▼ + stars: | 2024-12-16 | 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 EmailMaking the Case For & Against AdobeJackson Adar of KeyBanc and Derek Yan of KraneShares break down the pros & cons of Adobe, with investors concerned it's not yet seeing major gains from AI.

Persons: Adobe Jackson, KeyBanc, Derek Yan, it's Organizations: Adobe

☆ How to play tech stocks as AI adoption expands
▼ + stars: | 2024-12-16 | 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 EmailHow to play tech stocks as AI adoption expandsTom Hancock, GMO U.S. quality ETF portfolio manager, joins CNBC's 'The Exchange' to discuss what's next for AI, where he sees opportunity in tech, and more.

Persons: Tom Hancock, what's

☆ Morgan Stanley names 7 beneficiaries of Amazon AWS’ new Trainium 2 AI chip
▼ + stars: | 2024-12-16 | by ( Ganesh Rao | ) www.cnbc.com time to read: +1 min

Morgan Stanley has identified the companies that are set to benefit from Amazon 's launch of its new artificial intelligence chip. The Big Tech giant's cloud computing division Amazon Web Services launched its Trainium 2 AI chip earlier this month. AWS hopes these chips will help it diversify away from Nvidia , its primary AI chip supplier. Morgan Stanley believes seven companies, all based in Taiwan, are expected to be "major beneficiaries" of a widespread deployment of AWS' new chip. They are expected to be built by chipmaker TSMC and will be designed by Taiwanese firm Alchip , according to Morgan Stanley analyst Charlie Chan.

Persons: Morgan Stanley, Hai, King, chipmaker TSMC, Charlie Chan, — CNBC's Michael Bloom Organizations: Amazon, Big, Amazon Web Services, Nvidia, Big Tech, Microsoft, Google, Nvidia's, AWS, Gold Circuit Electronics, Asia Vital, Delta Electronics Locations: Taiwan, Asia

☆ Video: This AI-powered robot is herding cattle. Researcher explains how it could revolutionize farming
▼ + stars: | 2024-12-16 | by ( ) edition.cnn.com time to read: 1 min

How relevant is this ad to you? Video player was slow to load content Video content never loaded Ad froze or did not finish loading Video content did not start after ad Audio on ad was too loud Other issues

☆ 'Mystery drones' drive local residents to surveillance apps Ring and Citizen to discuss possible sightings
▼ + stars: | 2024-12-16 | by ( Ana Altchek | ) www.businessinsider.com time to read: +4 min

Ongoing drone interest has led Ring users to use the "Neighbors" forum to discuss possible sightings. AdvertisementOwners of Amazon-owned Ring video doorbells have taken to the accompanying app, which sends motion alerts, to discuss the possible drone activity in the app's "Neighbors" section. The White House has said many of the drone sightings are likely crewed aircraft that are operating lawfully. It has also said that it doesn't believe the drone sightings are a public safety threat. Reports of the drone sightings have been ongoing across the East Coast since mid-November.

Persons: Becky Quick Organizations: Mount, Citizen Locations: East Coast, East, Mount Laurel, Countryside, New Jersey, Union City , New Jersey

☆ Why the COO of one of the world’s foremost AI companies spent 50 hours interviewing for her job
▼ + stars: | 2024-12-16 | by ( Samantha Bresnahan | ) edition.cnn.com time to read: 1 min

☆ Trump and SoftBank CEO announce the company will invest $100 billion in US projects
▼ + stars: | 2024-12-16 | by ( Kate Sullivan | Kayla Tausche | ) edition.cnn.com time to read: +2 min

This investment, first reported by CNBC, is similar to one from December 2016, when Son pledged a $50 billion investment and 50,000 jobs. Through the company’s venture capital arm, the Vision Fund, SoftBank ended up investing about $75 billion, CNN has learned. For example, as part of the proposed plan, the company said it would pump $1 billion into Florida startup OneWeb. Most famously, Trump in 2017 announced with Foxconn a massive $10 billion electronics factory in Wisconsin that was expected to create 13,000 jobs. But the facility Trump announced has become a Microsoft data hub that aims to train employees and manufacturers on how to best use artificial intelligence.

Persons: Donald Trump, Masayoshi Son, Son, SoftBank, Softbank, ”, Matthew Nicholson, Trump, Foxconn Organizations: CNN, SoftBank, CNBC, Vision Fund, Trump, Microsoft Locations: Mar, Florida, Wisconsin

☆ Why Arm and Qualcomm's legal battle could have big implications for the chip world
▼ + stars: | 2024-12-16 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +4 min

Arm and Qualcomm are heading to trial this week in Delaware after two years of legal disputes. The legal battle over a licensing agreement puts Arm in conflict with one of its largest customers. The trial could have big implications for the entire chip industry, from M&A to IP. The dispute centers on a licensing arrangement connected to Qualcomm's $1.4 billion acquisition of chip startup Nuvia in 2021. Should Arm win the legal battle, it could halt shipments of laptops made by partners — including Microsoft — that contain disputed Qualcomm chips.

Persons: Stacy Rasgon, Rene Haas, Cristiano Amon, Nuvia, Gerard Williams, Haas, Alex Heath, —, Jim McGregor, Rasgon Organizations: Qualcomm, Reuters, Bernstein Research, SoftBank, TIRIAS Research, Forbes, Financial Times, Microsoft, Arm Locations: Delaware

☆ From growth to gone: GM’s Cruise robotaxi business is latest growth initiative to falter
▼ + stars: | 2024-12-15 | by ( Michael Wayland | ) www.cnbc.com time to read: +9 min

Companies including GM are now focused on more "core" operations and adjacent business opportunities, including software, EVs and "personal autonomous vehicles." To GM's credit, Wall Street, which previously pushed for such growth businesses, applauded the decision to end Cruise's robotaxi ambitions. But it's hard to ignore that Cruise is GM's latest mobility venture or growth business to fold or not live up to expectations. Super CruiseOther than saving capital, GM's silver lining for canceling the Cruise robotaxi business was that it sees more promise in continuing to develop its Super Cruise hands-free advanced driver assistance system. Vogt was not enthusiastic about GM's decision to kill the robotaxi operations.

Persons: David Paul Morris, Mary Barra, Barra, You've, Cruise, Wall, Wells, Colin Langan, Mandel Ngan, GM's, It's, John Murphy, Murphy, GM wasn't, Kyle Vogt, Vogt Organizations: Bloomberg, Getty, General Motors, GM, Companies, Wall Street, Cruise, Wall, General, General Motors Factory, Afp, Cruise LLC, GM Energy, EV, GM Defense, GM's, Securities, Traffic Safety Administration, Chevrolet Locations: San Francisco , California, DETROIT, Barra, Detroit , Michigan, robotaxis, San Francisco

☆ Here are 13 things we're watching in the market in the week ahead
▼ + stars: | 2024-12-15 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

The Federal Reserve will take center stage in the coming days as Wall Street attempts to put a mixed week behind it. They represented the last look at U.S. inflation before the Fed gathers for a two-day policy meeting this week. Broadcom was, perhaps unsurprisingly, the top-performing stock in the S & P 500 for the week, gaining 25.2%. Week ahead Monday, Dec. 16 No events of note Tuesday, Dec. 17 8:30 a.m. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: —, Dow Jones, Donald Trump, Jim, Trump, we'll, Jerome Powell, Powell, We'll, we're, Paychex, General Mills, Jabil, LEN, Jim Cramer's, Jim Cramer, Shelby Tauber Organizations: Federal, Dow Jones, Nasdaq, Fed, PPI, Dow, Costco, Broadcom, Google, Motors, New York Stock Exchange, Micron, Club, Nvidia, Devices, Nike, FedEx, Heico Corp, ABM Industries, Worthington Steel, Accenture, Darden, BlackBerry, Scholastic, Winnebago Industries, AMD, CNBC, US Federal Reserve, Music, Fair, Bloomberg, Getty Locations: U.S, Toro, Dallas , Texas

☆ Why the U.S. government is saying all citizens should use end-to-end encrypted messaging
▼ + stars: | 2024-12-15 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +9 min

Secure messaging apps use end-to-end encryption to protect communications from hackers, surveillance and unauthorized access, so even messaging app providers can't read your messages. There are also paid messaging apps that are end-to-end encrypted, such as Threema. For example, RCS messages using Google Messages are automatically upgraded to end-to-end encryption, but Apple's implementation of RCS on iPhones is not end-to-end encrypted, Horwitz said. For example, Facebook Messenger offers end-to-end encrypted messages, but not in all cases. The app supports end-to-end encryption when messaging other users using Google Messages over RCS, according to the company.

Persons: Michael Hughes, WhatsApp, Trevor Horwitz, Roger Grimes, Grimes, Horwitz, they're, Deirdre Connolly, Connolly, that's, Chris Henderson, it's, Henderson, Kory Daniels Organizations: Apple, Infrastructure Security Agency, Federal Bureau of Investigation, Verizon, National Security Agency, FBI, Facebook, Rich Communication Services, Google, Justice Locations: U.S, China, Salt

☆ The case for a 3rd-year bull market and why you should stay invested in US stocks
▼ + stars: | 2024-12-15 | by ( Laila Maidan | ) www.businessinsider.com time to read: +4 min

A five-year bull market is predicted, with 2025 marking its third year. History tells us we might be heading into the third year of a five-year bull market. AdvertisementThe average span of a bull market since 1949 has been 67 months or just over five years. Carson Investment Research, Ryan DetrickHowever, Janasiewicz isn't just banking on historical market behavior to make the call. Advertisement"We expect growth to slow, but I don't think we're going to see it slow precipitously.

Persons: Jack Janasiewicz, Ryan Detrick, Janasiewicz, Donald Trump, We're, underperform Organizations: Bloomberg, Solutions, Carson Investment Research Locations: Canada, Mexico, China, FactSet

☆ Mark Cuban says AI won't have much of an impact on jobs that require you to think
▼ + stars: | 2024-12-15 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +2 min

Mark Cuban believes impacted jobs will be those that require simple yes or no decisions. Cuban told BI that the impact on a company's workforce will depend on how well AI is implemented. AdvertisementIn an interview published Thursday on "The Weekly Show with John Stewart," Cuban said he believes the fast-advancing technology will not impact jobs that require workers to think. "If your job requires you to think — AI won't have much of an impact." A McKinsey study, however, found that AI won't decimate white-collar roles such as those in legal or finance.

Persons: Mark Cuban, Billionaire Mark Cuban, John Stewart, Cuban, who's Organizations: Cuban, BI, Billionaire, Cost, Economic, McKinsey

☆ Companies want to crack down on your AI-powered job search
▼ + stars: | 2024-12-15 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +5 min

Companies are cracking down on job applicants trying to use AI to boost their prospects. AI was supposed to make the job hunt easier, but job seekers should expect landing a new gig harder in the coming years, thanks to companies growing increasingly suspicious of candidates using bots to get their foot in the door. AdvertisementWorkday found that job applications grew at four times the pace of job openings in the first half of this year, with recruiters processing 173 million applications, while there were just 19 million job requisitions. Candidates sending in applications spruced up with AI has also made it harder to determine who can actually do the job. Am I talking to the real person or are they using AI in the background?"

Persons: Jeff Hyman, Rockstars, Hyman, Tim Sackett, It's, " Sackett, it's, Sackett, he's Organizations: Business, Technical Resources, Employers

☆ Donating to Trump's inauguration is a last-minute chance for tech moguls to make nice
▼ + stars: | 2024-12-15 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +6 min

Big Tech companies and CEOs are already lining up six-figure donations to Donald Trump's inauguration. There are virtually no limits on inaugural donations, meaning Big Tech companies can cut massive checks. Big Tech companies and the moguls behind them are preparing to make six-figure donations to President-elect Donald Trump's inaugural committee. This time, Trump's inaugural offers one final major opportunity for CEOs to curry influence with the president-elect at his peak. AdvertisementRepresentatives for Amazon, Meta, and Trump's inaugural did not immediately respond to a request for comment from Business Insider.

Persons: Donald Trump's, Sam Altman, Jeff Bezos, Mark Zuckerberg's Meta, Trump's, Craig Holman, Holman, you've, Jeff Hauser, Sheldon Adelson, Trump, OpenSecrets, Obama, Hauser, Mark Zuckerberg, Hunter, Zuckerberg, Priscilla Chan, Bezos, Kamala Harris, Altman, Elon Musk, Joe Biden's, Biden Organizations: Big Tech, Meta, Public Citizen, Vegas Sands, Trump's, Trump, Tech, Google, York, Amazon, Washington, Microsoft, The New York Times DealBook Summit, America, Business Locations: Washington, Trump's Washington

☆ Amazon and the endangered future of the middle manager
▼ + stars: | 2024-12-15 | by ( Trevor Laurence Jockims | ) www.cnbc.com time to read: +7 min

While that headcount trimming continues, the Amazon thinking involves a broader rethink of how to rightsize the largest corporations. Amazon CEO Andy Jassy's note sent this fall to employees about corporate culture drew headlines for his five-day-in-the-office mandate. In general, the flatter structure is in, and there is now greater emphasis on individual contributors across corporations. "Amazon's slashing of manager roles isn't just about cost-cutting; it's a glimpse into the future of work. Technology is eating away at the traditional corporate ladder, and middle management is feeling the bite," Zafar said.

Persons: Morgan Stanley, Morgan Stanley's, Jassy, I've, Andy Jassy's, Joseph Roh, Roh, Naeem Zafar, Zafar, isn't Organizations: Amazon, Neeley School of Business, Texas Christian University, Investor, UC Berkeley Haas School of Business, Northeastern University, America . Technology Locations: 1Q25, America

☆ Sora's dazzling AI could democratize filmmaking for the next generation — but it still has lots of limitations
▼ + stars: | 2024-12-15 | by ( Geoff Weiss | Lucia Moses | ) www.businessinsider.com time to read: +6 min

AI video generation could open the door for indie filmmakers — and more blockbusters. The tool generates short video clips — 20 seconds max — from users' text prompts. AdvertisementThe tool can generate short video clips — 20 seconds max — from user-inputted text prompts. AdvertisementExperts don't foresee Sora or AI image generation appearing widely in finished films just yet. ChatGPT Pro users, who pay $200 a month, get unlimited generations up to 20 seconds in length.

Persons: OpenAI's Sora, Sora, Michaela Ternasky, there's, Steven Spielberg, Sora Dana Polan, Polan, George Huang, —, Huang, Stephen Colbert, Michael Gilkison, Gilkison, Tahsis Fairley, Fairley, Huang doesn't, OpenAI Organizations: Tribeca, New York University's Tisch School, Arts, UCLA School of Theater, Film, Amazon's, Chapman University, ChatGPT, Business Locations: Holland, New, Hollywood, Lexington , Kentucky

☆ Here's UBS' 4-part investing strategy to capitalize on the AI wave and drive gains in 2025
▼ + stars: | 2024-12-15 | by ( Christine Ji | ) www.businessinsider.com time to read: +6 min

For UBS, a new year means a new AI investing playbook. UBS predicts that AI will become a trillion-dollar industry before the end of the decade. UBS predicts that industries such as healthcare, cybersecurity, and fintech in particular will see new revenue streams from AI. UBS predicts that the AI landscape is trending toward "an oligopoly of vertically integrated 'foundries' and monolithic players." As AI technology develops, investors should also diversify their AI holdings.

Persons: Mark Haefele, Haefele, It's, That's, it's Organizations: UBS, Microsoft, UBS Global Wealth Management, Invest, Big Tech, Private

☆ You might want to have your next job interview in the morning
▼ + stars: | 2024-12-15 | by ( Tim Paradis | ) www.businessinsider.com time to read: +6 min

Morning interviews may yield higher scores due to interviewer bias, research shows. If you get to choose when to schedule a job interview, you might want to grab a coffee and go for a morning slot. It's possible that in the morning, interviewers haven't yet been beaten down by back-to-back meetings — or are perhaps still enjoying their own first coffee, she said. Danoch and her team noticed the morning-afternoon discrepancy while reviewing datasets on thousands of job interviews. AdvertisementTech could helpIt's possible that if tools like artificial intelligence take on more responsibility for hiring, job seekers won't have to worry about the time of day they interview.

Persons: It's, haven't, Danoch, we're, Kiki Leutner, Leutner, it's, Eric Mosley, —, Mosley Organizations: Louisiana State University football Locations: Israel, Louisiana

☆ Ex-Google CEO Eric Schmidt says human operators need to have 'meaningful control' of AI drones in warfare
▼ + stars: | 2024-12-15 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +3 min

Former Google CEO Eric Schmidt says human-directed AI-controlled drones are the future of war. AI drones are a growing trend in military innovation, as is tech to counter them. Former Google CEO Eric Schmidt says AI drones are the future of warfare but that human operators will need to ensure they don't go haywire. Schmidt's White Stork and Palmer Luckey's Anduril are at the forefront of developing autonomous drones for the US military. AdvertisementSchmidt said it's more important that the United States maintains the "human in the loop" rule for AI drones, meaning that a person will have "meaningful human control" of drones on the battlefield.

Persons: Eric Schmidt, Schmidt, Palmer, Strangelove, Scott Sacknoff, Sacknoff Organizations: Google, Stanford, PBS, Spade Locations: Ukraine, Russia, Saudi Arabia, United States

☆ Insider Today: Tech's new biggest argument
▼ + stars: | 2024-12-15 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

This post originally appeared in the Insider Today newsletter. DOGE today, gone tomorrowElon Musk and Vivek Ramaswamy are promising to make sweeping changes through the Department of Government Efficiency. AdvertisementThe Department of Government Efficiency, or DOGE, has arguably garnered more attention than Trump's plans for tax cuts, tariffs, and immigration. To get a better sense of what DOGE might ultimately do, we mapped out all the areas Musk and Ramaswamy have hinted at making cuts. A Pimco economist highlighted DOGE as one of the key ways Trump can reduce the risk from America's soaring debt.

Persons: Elon Musk, Vivek Ramaswamy, Dia Dipasupil, Anna Moneymaker, Natalie Ammari, isn't, Donald Trump, Ramaswamy, Trump, Luigi Mangione, Brian Thompson, Mangione, Jonathan Moscrop, Rebecca Zisser, Gordon Singer, Elliott, Paul Singer, Singer, What's, Gordon ., Kyle Vogt Organizations: Business, Spotify, Department of Government, President, Government, Bank for International, Altoona Police, Getty, Ivy League, Elliott Management, Kruze Consulting, TRITON, University of Miami T.J, Oracle Locations: Baltimore, American

☆ 5 new AI products worth trying from the avalanche of announcements this week
▼ + stars: | 2024-12-14 | by ( Sarah Jackson | ) www.businessinsider.com time to read: 1 min

It was an overwhelming week in AI product launches. OpenAI's 12 Days of "Shipmas" continued, Google launched a host of AI products, and new Apple Intelligence features arrived. Here are 5 of the most helpful AI tools announced this week to consider giving a try. AdvertisementThere was a deluge of AI announcements this week as Big Tech pushed out releases and announcements ahead of the holidays. AdvertisementHere are 5 of our recommendations from the last week that you might find helpful in your day-to-day life.

Organizations: Google, Apple Intelligence, Big Tech

☆ OpenAI whistleblower found dead by apparent suicide
▼ + stars: | 2024-12-14 | by ( Lloyd Lee | Alistair Barr | ) www.businessinsider.com time to read: +4 min

Suchir Balaji, a former OpenAI researcher, was found dead on Nov. 26 in his apartment, reports say. He had accused his employer of violating copyright law with its highly popular ChatGPT model. Suchir Balaji, a former OpenAI researcher of four years, was found dead in his San Francisco apartment on November 26, according to multiple reports. AdvertisementBalaji had recently criticized OpenAI over how the startup collects data from the internet to train its AI models. Balaji argued in his personal essay that training AI models with masses of data copied for free from the internet is potentially damaging online knowledge communities.

Persons: Suchir Balaji, Balaji, he'd, David Serrano Sewell, Suchir's, Elon Musk, OpenAI Organizations: San Francisco Police Department, Business, San Jose Mercury, New York Times, Microsoft, Times, OpenAI, BI Locations: San Francisco, OpenAI

Search resuls for: "Ai"

25 mentions found