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☆ It will be a while before OpenAI turns a profit. In the meantime, Microsoft gets a cut of revenue.
▼ + stars: | 2024-10-10 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +4 min

OpenAI is projected to turn a profit in 2029, a new report from The Information says. Microsoft also appears to be on track to get a 20% cut of OpenAI's revenue, per the report. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The report said the company doesn't expect to become profitable until 2029 when revenue is projected to hit $100 billion. According to The Information, OpenAI is currently projecting that its compute costs for model training could hit as high as $9.5 billion a year in 2026.

Persons: —, OpenAI, it's, Kate Leaman, Leaman Organizations: Microsoft, Service, Business Locations: Silicon Valley

☆ HSBC exec says there's a lot of AI 'success theater' happening in finance
▼ + stars: | 2024-10-09 | by ( Ryan Browne | ) www.cnbc.com time to read: +8 min

Jaap Arriens | NurPhoto via Getty ImagesLONDON — Increasingly many financial services firms are touting the benefits of artificial intelligence when it comes to boosting productivity and overall operational efficiency. Despite bold statements, a lot of companies are failing to produce tangible results, according to Edward J Achtner, the head of generative AI for U.K. banking giant HSBC . One example he gave was a partnership that HSBC has in place with internet search titan Google on the use of AI technology anti-money laundering and fraud mitigation. Boteju stressed that Lloyds is "proceeding with caution" when it comes to exposing the bank's customers to generative AI tools. Generative AI, on the other hand, is a more nascent technology, according to the Lloyds exec.

Persons: Jaap Arriens, Edward J Achtner, Achtner, Ranil Boteju —, Nathalie Oestmann, ChatGPT, Klarna, headcount, Sebastian Siemiatkowski, Siemiatkowski, Oestmann, Boteju, Banks, we've, Bahadir Yilmaz, Yilmaz, It's, Johan Tjarnberg Organizations: NurPhoto, Getty, HSBC, Leadership, Lloyds Banking Group, NV Ltd, Royal Albert Hall, Microsoft, Google, BBC, NV, CNBC, Lloyds, ING Locations: London

☆ The Viral Dances Changing the Way Women Move
▼ + stars: | 2024-10-09 | by ( Coralie Kraft | Photographs Malike Sidibe | ) www.nytimes.com time to read: +10 min

Parris Goebel Is Changing the Way Women Move Her surreal, muscular dances for Rihanna, SZA and other pop stars have made her one of the world’s most in-demand choreographers. As the music gathered momentum, the camera raced through the crowd of scowling dancers until, finally, Rihanna appeared. The choreographer behind this viral performance, 32-year-old Parris Goebel, has established herself as one of the music industry’s most innovative and in-demand artists. There’s something cathartic about watching a group of (mostly) women snarling in lock step, an image of power and indomitability. Rihanna’s representative confirmed that Rihanna and Goebel were shooting something at the palace, though the project is still under wraps.

Persons: Parris Goebel, Rihanna, SZA, “, ”, Cat, Justin Bieber, Ariana Grande, Goebel, Fatima Robinson, Missy Elliott, Britney, Christina Aguilera’s, Christina Aguilera, Britney Spears, Tate McRae, It’s, Tate, McRae, Gene Kelly, growled, choreographing, Jennifer Lopez’s, ” Goebel, Bob Fosse, Justin Bieber’s, —, ” SZA, ” — Parris Goebel, influencer, natalieg, I’m Organizations: Nike, Paris, Nike Paris, YouTube, Urban Dance, Rihanna’s, Samoan rugby, Coachella, intuit, of Mirrors Locations: Auckland, Versailles

☆ Foxconn chairman talks fourth quarter guidance and AI investment boom
▼ + stars: | 2024-10-08 | 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 EmailFoxconn chairman talks fourth quarter guidance and AI investment boomYoung Liu, chairman of Foxconn, which trades as Hon Hai locally in China and Taiwan, says he believes the boom "still has some time to go" as AI continues to evolve and become more intelligent.

Persons: Young Liu, Hai Locations: China, Taiwan

☆ Nobel Prize in physics 2024 awarded for work on artificial intelligence to John Hopfield and Geoffrey Hinton
▼ + stars: | 2024-10-08 | by ( Christian Edwards | Katie Hunt | ) edition.cnn.com time to read: +6 min

CNN —The 2024 Nobel Prize in physics has been awarded to John Hopfield and Geoffrey Hinton for their “foundational discoveries” that enable machine learning with artificial neural networks. Mimicking the brainAI has become shorthand for machine learning using artificial neural networks. Whereas the brain’s neurons communicate with each other through synapses, artificial nodes influence each other through connections. You can train an artificial neural network by developing stronger connections between the nodes, just like you can train the brain. Did you know that an artificial neural network is designed to mimic the brain?

Persons: John Hopfield, Geoffrey Hinton, Hopfield, Hinton, ”, Jonathan Nackstrand, Ellen Moons, “, —, Hopfield’s, “ I’m, ” Hinton, There’s Organizations: CNN, Princeton University, University of Toronto, Getty, Physics, Hopfield, Google Locations: Sweden, AFP

The company previously launched an "Uber Green," service which has historically included a mix of battery electric vehicles, and hybrid electric models. Now, Uber can offer battery electric vehicles as the sole "green" option in more than 40 cities globally, executives said at Uber's annual Go Get Zero sustainability conference in London on Tuesday. "We need more affordable EVs, we need stronger EV mandates, we need incentives for people who are driving the most. For drivers, Uber said it is rolling out an "EV Mentor" program, which connects drivers for any questions about electric mobility. The deal will give Uber drivers the ability to access Octopus' "Intelligent Go" tariff to help them with EV charging costs.

Persons: Dara Khosrowshahi, Uber, Khosrowshahi, OpenAI's ChatGPT, Suvrat Dhanorkar, Gordon Burtch, it's, BYD, Rebecca Tinucci, Tinucci Organizations: Transportation, Clean Transportation, Transportation Science, Los Angeles, Organization for Economic Co, Development, Octopus Energy, EV, Uber Locations: London, New York City, Los, Paris, France

☆ Foxconn chairman says AI investment boom 'still has some time to go' as language models evolve
▼ + stars: | 2024-10-08 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

The boom in corporate investment into artificial intelligence infrastructure still has some way to go as large language models are continuing to evolve, according to the CEO of Foxconn , a key supplier to Apple . This type of AI is referred to in the industry as "AGI," or Artificial General Intelligence. Liu said that progress toward increasingly intelligent AI can only be a good thing for the AI server industry, which has been a key boon to Foxconn's growth this year. "I think for the AI server industry, I think we still have some time to grow," Liu added. "With the AGI capability growing, the age [of] AI devices will be another industry we should watch carefully."

Persons: Emily Tan, Foxconn Young Liu, Liu, OpenAI, Sam Altman, he's Organizations: Apple, Intelligence, CNBC, Microsoft

☆ Meet Jeff Smith, the hedge-fund investor taking on Pfizer
▼ + stars: | 2024-10-07 | by ( Alex Morrell | ) www.businessinsider.com time to read: +7 min

Starboard Value has taken a $1 billion stake in drugmaker Pfizer. The hedge fund, headed by Jeff Smith, has become one of the most feared activist investors. AdvertisementPharmaceuticals giant Pfizer got a wake up call Sunday evening when one of Wall Street's most feared activist investors revealed a stake in the company. AdvertisementPfizer, with a market cap north of $160 billion, is among the largest companies Starboard's Smith has ever targeted. With less than a 10% stake Smith replaced the entire 12-person board and assumed the role of chairman.

Persons: Jeff Smith, —, Smith, Starboard's Smith, Ian Read, Frank D'Amelio, Ken Squire, Paul Singer, Elliott, Carl Icahn, Dan Loeb, Peter Feld, Olive Garden's, Marc Benioff, Brontë Wittpenn, Brontë, Squire, they're, Albert Bourla, Bourla, wagered Organizations: Pfizer, Service, Pharmaceuticals, 13D, Investor, Lazard, Elliott Management, Icahn Enterprises, Cowen Group, AOL, Darden Restaurants, Olive Garden, Longhorn, Darden, Wall, San Francisco, Getty, Smithfield Foods, Bristol, Myers Squibb, Celgene, Autodesk, Starbucks Locations: Olive Garden, Fortune, America, Olive, Washington

☆ Asking this 1 question can get people to trust you, says bestselling author: It’s ‘such a common misunderstanding’
▼ + stars: | 2024-10-06 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

Bestselling author and leadership expert Simon Sinek recommends asking one simple question to help people trust you: Can you help me out? Think about the last time a friend of yours needed advice or guidance, but never asked you for it. Trust is built when a person still makes an effort to ask for help, even when they don't want to, Sinek said. They see vulnerability as a strength and a means to build deeper connections," Woo wrote for CNBC Make It in July. "Try to create this team of helpers, so that asking for help later on when you really need it isn't such a big deal," Bouchard said.

Persons: Simon Sinek, Sinek, Trevor Noah, Haven't, I've, Jenny Woo, Woo, M, Nora Bouchard, Bouchard, " Bouchard, Get Organizations: CNBC

☆ Undecided Voters Tell Us About Their Biggest Worries
▼ + stars: | 2024-10-04 | by ( Ruth Igielnik | Christine Zhang | ) www.nytimes.com time to read: +8 min

Among undecided and persuadable voters Personality/behavior No biggest concern Ethics/honesty Ability to do the job Threat to democracy Race/racism/sexism Court cases/convictions Abortion Immigration Other 10 20 30% What, if anything, is your biggest concern about Kamala Harris? Among undecided and persuadable voters Honesty/trustworthiness Judgment/character No biggest concern Economy Lack of experience Ideology Need to know more Immigration Track record Other 10 20 30% What, if anything, is your biggest concern about Donald Trump? Among undecided and persuadable voters Personality/behavior No biggest concern Ethics/honesty Ability to do the job Threat to democracy Race/racism/sexism Court cases/convictions Abortion Immigration Other 10 20 30% What, if anything, is your biggest concern about Kamala Harris? White woman, 30s, Arizona “Little power hungry.”White man, 30s, North Carolina “His authoritative tendencies.”Woman, 40s, Michigan “Probably his rhetoric, maybe, and how he presents himself. Voters specifically mentioned costs and inflation, a persistent concern among undecided and not fully decided voters over the last few months.

Persons: Donald J, Trump, Kamala Harris, —, He’s, ”, ” “, Georgia “, Joe Biden, Donald Trump, “, Donald Trump’s, Michigan “, doesn’t, Harris, Trump’s, ” Harris, she’s, North Carolina “, She’s, I’m Organizations: The New York Times, Siena College, New York Times, Trump, Wisconsin, North Carolina “, Michigan, North Carolina “ Democrats Locations: Ohio, Arizona, Wisconsin, Georgia, Arizona , Georgia, Michigan, North Carolina , Ohio, Siena, North Carolina

You think you know the story of Lyle and Erik Menendez. Both brothers said they had been sexually, physically and emotionally abused for years by their parents. Soon, the Menendez brothers’ case would continue to play out amid another high-profile murder case prosecuted by the same DA’s office. The prosecutor, having successfully argued to exclude the abuse testimony, mocked the brothers’ defense during his closing arguments for not producing any evidence of abuse. Despite overwhelming family testimony acknowledging the abuse Erik and Lyle suffered, the public remained skeptical.

Persons: Lyle, Erik Menendez, Erik, Menendez, ’, O.J, Simpson, Nicole Brown Simpson, Ronald Goldman, Lyle’s, —, Lyle Menendez’s Organizations: Los Angeles, Attorney’s Office, Beverly Hills Locations: Beverly

☆ The AI boom turned Nvidia into a trillion-dollar giant. Its next big bet is even more complex.
▼ + stars: | 2024-10-01 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +11 min

In addition to the Computex display, humanoid robots have come up on Nvidia's last two earnings calls. The first is self-driving cars and the second is likely to be humanoid robots. Project Groot, which the company refers to as a "moonshot" initiative, is a foundation model for humanoid robots. AdvertisementIt feels like every player aiming for humanoid robots is in it for themselves, Kapoor said. Simulators are an essential stop on the path to humanoid robots, but they don't necessarily lead to human-like perception.

Persons: Jensen, —, Jensen Huang, gesturing, Elon Musk, Huang, Raul Martynek, Databank, Isaac, Tesla, That's, Sophia Velastegui, who's, William, Omniverse, Ashish Kapoor, Kapoor, Jonathan Stephens, Martynek, Velastegui Organizations: Service, Nvidia, Apple, Google, Microsoft, BMW, Boston Dynamics, BYD Electronics, Siemens, sunsetted, Foundations, Grid, Scaled Foundations, Star Locations: Taipei, Taiwan, Computex

☆ The one sector of the stock market that is cheap with upside today
▼ + stars: | 2024-09-29 | by ( Karen Firestone | ) www.cnbc.com time to read: +5 min

The table and chart below illustrate some characteristics of the biopharma stocks. The average price/earnings multiple for the group, using 2025 estimates, is 12.7 times versus 20.6 times for the S & P 500. A major knock on the biopharma group is the limited productivity from their extremely expensive research efforts, other than obesity drugs, over the past twenty-five years. The technology using AI might not be ready yet, particularly related to the complex biology of the human body. Complex programs exist already, such as AlphaFold, which predicts the structure of three-dimensional compounds using data on protein sequences.

Persons: Bristol Myers, Amgen, Eli Lilly, Lilly, Johnson Organizations: CNBC, Merck, Pfizer, Novo Nordisk, JPMorgan Locations: Bristol

☆ Who was Hassan Nasrallah, the Hezbollah leader killed by Israel?
▼ + stars: | 2024-09-28 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +3 min

Israel said on Saturday that Hezbollah leader Hassan Nasrallah had been killed. AdvertisementIsrael said on Saturday that Hezbollah chief Hassan Nasrallah had been killed in a targeted strike on the group's central headquarters in Beirut. AdvertisementHe took over Hezbollah in 1992 after Israel assassinated the group's previous leader and cofounder Abbas al-Musawi. Nasrallah gained widespread popularity for overseeing the Israeli withdrawal from Lebanon in 2000 and the so-called "divine victory" in the 2006 Lebanon War. The group's support from Sunni Muslims dropped due to its involvement in the fighting, per the CFR.

Persons: Israel, Hassan Nasrallah, Nasrallah, —, Abbas, Bashar al, Assad's ostracization, Hadi Organizations: Service, Foreign Relations, Israel Locations: Iran, Beirut, Hezbollah, Gaza, Palestine, Lebanon

☆ Masayoshi Son is the $100 billion gambler who went from dirt track to tech titan — and he isn't done betting yet
▼ + stars: | 2024-09-28 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +14 min

SoftBank founder Masayoshi Son has spent his life putting bold bets on the future of technology. SoftBank, the media-technology conglomerate Son founded two decades prior, was riding high on the glory it attained in the dot-com boom. He was told he was special," Barber told BI. "He wants to be seen as the great modernizer transforming this petrostate into a truly modern economy where technology is at the forefront," Barber told BI. But as previous cycles in Son's life dictate, the flurry of enthusiasm is typically followed by failure.

Persons: Masayoshi Son, Lionel Barber, —, Son, Bill Gates, Masa —, Uber, Barber, Vladimir Putin, Barack Obama, — he's, Jack Ma's Alibaba, Wang, he's, Napoleon Bonaparte, Genghis Khan, Qin Shi Huang, Emperor of, Microsoft's Gates, Jordan Strauss, Mitsunori, SoftBank, Rupert Murdoch, Larry Ellison, Jack Welch, Steve Jobs, Masayoshi, Justin Sullivan, Rajeev Misra, Nikesh Arora, Phil McCarten, Abu Dhabi's Mubadala, Mohammed bin Salman, Saudi, Michael Moritz, Kim Jong, Adam Neumann, Donald Trump, Wirecard, Jesus, NurPhoto, He's, Allen Lane Organizations: Service, Financial Times, Kremlin, Yahoo, Popular Electronics, Vision, Deutsche Bank, Google, Reuters, Saudi Arabia's Public Investment Fund, Vision Fund, Valley's, Sequoia Capital, Greensill, Nvidia, Signal Publishers Locations: Tokyo's Roppongi, Japan, Masayoshi, Washington, Wayne, Emperor of China, Kyushu, United States, Riyadh, Berkeley, Las Vegas

☆ Newsom Vetoes Bill Requiring Cars to Warn Speeding Drivers
▼ + stars: | 2024-09-28 | by ( Soumya Karlamangla | More About Soumya Karlamangla | ) www.nytimes.com time to read: +1 min

Gavin Newsom on Saturday vetoed California legislation that would have mandated that all new cars in the state have a system that alerts drivers when they exceed the speed limit by more than 10 miles per hour. The state has a long history of adopting vehicle requirements, particularly on emissions, that have spurred automakers to adopt changes across their national fleet. Backers hoped that the California speed sensor law would have similarly forced changes that would have had an impact beyond the state. Intelligent speed assistance systems have been widely used in Europe for years, and they became mandatory in July in all new cars sold in the European Union. They are similar to other driver assistance technologies that, for example, notify drivers if a car is their blind spot or if their vehicle is drifting into another lane.

Persons: Gavin Newsom Organizations: Saturday, European Union Locations: California, United States, Europe

A leaked internal guidebook from MrBeast is being passed around the tech world. Tech workers and investors are digging into the YouTuber's views on hiring, managing, and more. Related storiesA hardcore founder who writes like a real personMrBeast's guidebook is the latest "hardcore" corporate document to go viral in the tech world. "Leaked internal emails and memos are religious texts for the tech world," Alder said. Donaldson's casual, unpretentious writing style was a big factor in helping it spread across the tech world, industry insiders told BI.

Persons: —, He's, Jimmy Donaldson, Donaldson, Brian Chesky, Combinator's Paul Graham, Tom Alder, Alder, Jeff Bezos, ByteDance, Donaldson isn't, it's, John McCarus, Steve Jobs, MrBeast, Rachel Roberts Mattox, Mattox, Marc Cohen, Abhishek Sharma Organizations: Tech, Service, Hacker, Big Tech, YouTube, Unbundled, Google Locations: Silicon Valley

☆ Sam Altman is way more interested in AI's next chapter than upheaval at OpenAI
▼ + stars: | 2024-09-26 | by ( Tom Carter | ) www.businessinsider.com time to read: +4 min

Read previewSam Altman might be facing upheaval at OpenAI, but that isn't stopping him from discussing his grand plans for the company's next stage. 'Better everything'"The two trends I'm most excited about for the next couple of decades are abundant intelligence and abundant energy," Altman told the audience. The growth, the increase in quality of life we can have in the world — better sustainability, better education, better healthcare, better everything," he added. AdvertisementIt's not the first time Altman has talked up the glorious future that AI — and by extension, OpenAI — may usher in. AdvertisementAltman has previously called for massive investment in AI infrastructure, warning that making AI technology widespread would require "lots of energy and chips."

Persons: —, Sam Altman, Altman, Mira Murati, Murati, John Elkann, cofounders Ilya Sutskever, John Schulman, Elon Musk, OpenAI, Altman's Organizations: Service, Italian Tech, Business, Google, Elon, Bloomberg, Energy Locations: OpenAI, Italy

☆ A leaked MrBeast handbook reveals the YouTube titan's 'secret weapons' for success. Former employees say it wasn't always followed.
▼ + stars: | 2024-09-24 | by ( Dan Whateley | Amanda Perelli | ) www.businessinsider.com time to read: +7 min

The goal of the document, Donaldson wrote, was to help teach newer staffers the tricks of YouTube that he and his earliest employees mastered through lots of trial and error. Interest in MrBeast's business secrets isn't surprising. "This is not Hollywood and I do not want to be Hollywood," Donaldson wrote. "Every dollar we save allows me to give you guys more stability and hire more people to make your life easier," Donaldson wrote. But, when dealing with people outside MrBeast's company, "never take a No at face value," he wrote.

Persons: —, Jimmy Donaldson, Donaldson, He's, MrBeast, , I've, couldn't, we've, wasn't Organizations: Service, Business, YouTube, Netflix, Hulu, Employees Locations: Silicon Valley, Greenville , North Carolina, Hollywood

☆ 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

☆ Octopuses seen hunting together with fish in rare video — and punching fish that don't cooperate
▼ + stars: | 2024-09-23 | by ( Evan Bush | Evan Bush Is A Science Reporter For Nbc News. | ) www.nbcnews.com time to read: +7 min

The Summary A new study found that some members of an octopus species hunt cooperatively in groups with fish. A new study shows that some members of the species Octopus cyanea maraud around the seafloor in hunting groups with fish, which sometimes include several fish species at once. It’s an indication that at least one octopus species has characteristics and markers of intelligence that scientists once considered common only in vertebrates. These hunting groups typically included several species of reef fish, such as grouper and goatfish. These are the ambush predators, the ones that don’t move, don’t look for prey,” Sampaio said.

Persons: aren’t, ”, Eduardo Sampaio, Simon Gingins, ” Sampaio, it’s, “, Martha, I’ve, ” It’s, Jonathan Birch, ” Birch, cyanea Organizations: Max Planck, Animal, London School of Economics Locations: Eilat, Israel

☆ How to know if a financial robo-advisor is right for you
▼ + stars: | 2024-09-22 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +6 min

So if you’re looking for help along the way, there are plenty of increasingly low-cost digital and human adviser options. Now they offer a much wider array of services and financial planning tools. Many also offer hybrid solutions: automated portfolio management plus access to human advisers who can help with your more holistic financial planning needs. To figure out if a robo-advisor might be a good fit for you, here are some things to consider:Preference: Digital first or human first? “Perspective, judgment and coaching — talking through something and addressing fears and concerns, such as managing (a client’s) reaction to short-term (market) volatility,” said Paul Brahim, president-elect of the Financial Planning Association and managing director of the Wealth Enhancement Group.

Persons: It’s, ”, Paul Brahim, ” Brahim, Brian Concannon, —, ” Concannon, you’re, “, Ben Johnson, Morningstar’s, it’s, Johnson, Schwab Organizations: CNN, Financial, Association, Vanguard, Vanguard Digital, Fidelity

☆ ’90s sitcom character Murphy Brown became the center of political controversy. Echoes of that are being felt today
▼ + stars: | 2024-09-22 | by ( Harmeet Kaur | ) edition.cnn.com time to read: +11 min

Quayle’s “Murphy Brown” pronouncement made newspaper front pages and television broadcasts, and garnered a stumbling response from the White House. ‘Murphy Brown’ reflected women’s changing role in society“Murphy Brown” premiered on CBS in 1988, starring Candice Bergen as a fierce, acerbic news anchor of the same name. “I don’t think that we felt that we were igniting any controversy.”The controversy sparked a debate over ‘family values’Despite the “Murphy Brown” writers’ intentions, the storyline did ignite controversy. On May 19, 1992, a day after the “Birth 101” episode aired, Quayle delivered what’s now known as his “Murphy Brown” speech. Kevin Winter/Getty ImagesMore than 30 years later, it’s clear that the societal changes depicted in “Murphy Brown” are here to stay.

Persons: JD Vance’s, Sarah Huckabee Sanders, “, ” Sanders, Donald Trump, Kamala Harris doesn’t, Vance’s, Sanders, Harris, Harris ’, Trump, ”, It’s, George H.W, Bush, “ Murphy Brown ”, Dan Quayle, Murphy Brown, Quayle’s “ Murphy Brown, Quayle’s, ‘ Murphy Brown, Candice Bergen, Murphy, Diane English, Emily St, James, Vox, Quayle, Murphy’s, Barnet Kellman, Korby Siamis, ” Siamis, what’s, “ Murphy Brown, it’s, Weeks, Rodney King, Dan Quayle's, Kevin Rice, Lisa Schiffren, ” Kellman, Quayle’s Murphy Brown, he’d, English, Bill Clinton, Al Gore, JD Vance's, Quayle's, Kevin Winter, Bergen, Kellman Organizations: CNN, Arkansas Gov, White, CBS, Everett, South Central, Hollywood, Republicans, Republican, Globe, “ Locations: Flint , Michigan, Washington ,, Angeles, South, South Central Los Angeles, Vox

☆ A new ETF uses AI to emulate Warren Buffett's investment style
▼ + stars: | 2024-09-22 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Investment startup Intelligent Alpha is working on launching the Intelligent Omaha ETF , with the ticker AIWB, that relies on AI to emulate the Berkshire Hathaway CEO's investment philosophy and create a portfolio of 25-30 stocks that it thinks Buffett might buy. It remains to be seen how deeply AI could understand Buffett's unique investing style that has evolved significantly over seven decades. All about AI Intelligent Alpha has been testing its Buffett strategy for six months and the portfolio AI puts together would overlap Berkshire's by anywhere between 30 to 60%. "The vision for Intelligent Alpha is to build the AI-powered BlackRock," Clinton said. "There are two big pillars, serving retail investors [through Registered Investment Advisors], and then there's serving institutional investors."

Persons: Warren Buffett, Buffett, Claude —, he's, Doug Clinton, Charlie Munger's, Clinton, Stanley Druckenmiller, David Tepper Organizations: Alpha, Berkshire Hathaway, Intelligent Alpha, Apple, Livermore, Nvidia, Advisors Locations: Omaha

☆ Intelligent Alpha CEO Doug Clinton on using AI as the 'investment committee'
▼ + stars: | 2024-09-18 | 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 EmailIntelligent Alpha CEO Doug Clinton on using AI as the 'investment committee'Doug Clinton, Intelligent Alpha founder and CEO, joins 'Squawk Box' to discuss using AI as its 'investment committee',using AI to drive investment decisions, AI's market potential, and more.

Persons: Doug Clinton Organizations: Intelligent Alpha

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