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☆ VCs Marc Andreessen, John Doerr among attendees at Schumer's next AI forum
▼ + stars: | 2023-10-23 | by ( Lauren Feiner | ) www.cnbc.com time to read: +2 min

Technologists and advocates are again set to visit Capitol Hill on Tuesday to discuss with Senate leaders the perils and promises of artificial intelligence. Venture capitalists Marc Andreessen, co-founder and general partner of Andreessen Horowitz, and John Doerr, chair of Kleiner Perkins, will be among the 21 attendees at the second AI Insights Forum hosted by Senate Majority Leader Chuck Schumer, D-N.Y., according to a spokesperson for his office. The session is a continuation of the Majority Leader's effort to get the chamber up to speed on AI to determine how best to approach AI regulation. For example, Future of Life Institute President Max Tegmark is also set to attend. Other tech leaders such as Micron Executive Vice President Manish Bhatia, Revolution CEO Steve Case, Stripe CEO Patrick Collison and Cohere CEO Aidan Gomez will be in attendance.

Persons: Marc Andreessen, Andreessen Horowitz, John Doerr, Kleiner Perkins, Chuck Schumer, Andreessen, Max Tegmark, Elon Musk, Manish Bhatia, Steve Case, Patrick Collison, Aidan Gomez, Derrick Johnson, Amanda Ballantyne, Satya Nadella, Bill Gates, Mark Zuckerberg, Sundar Pichai, Sam Altman Organizations: Capitol, Senate, China, Life, Life Institute, Tesla, Space X, Micron, NAACP, AFL, Technology, Microsoft, Google, CNBC, YouTube Locations: coders, India

☆ Walmart ramps up efforts to grow third-party marketplace with Las Vegas event, new perks
▼ + stars: | 2023-08-30 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +3 min

Walmart is hosting its first seller summit businesses that are part of its third-party marketplace. LAS VEGAS — Walmart is looking for new ways to woo sellers to its third-party marketplace, as it pushes to drive more online sales and close a wide gap with rival Amazon . Walmart also hired another Amazon veteran, Jare' Buckley-Cox, as vice president of Walmart Fulfillment Services. Walmart is the nation's largest retailer, but it lags far behind Amazon in online market share and e-commerce sales. Walmart's annual online sales were less than one-fifth of Amazon's last year, according to Insider Intelligence.

Persons: Doug McMillon, Manish Joneja, Sellers, Jare, Buckley, Cox, John David Rainey, Amazon's Organizations: Walmart, LAS, Amazon, Wednesday, Walmart Marketplace, Joneja, eBay, Intelligence Locations: Chile, North America, U.S

☆ Moon landing anticipation builds for India after Russia's crash
▼ + stars: | 2023-08-21 | by ( Nivedita Bhattacharjee | ) www.reuters.com time to read: +4 min

The mission - Chandrayaan means "moon vehicle" in Hindi and Sanskrit - is India's second attempt to land on the south pole of the moon. Rough terrain makes a south pole landing difficult, but making a first landing would be historic. India's moon mission blasted off on July 14, and the lander module of Chandrayaan-3 separated from the propulsion module last week. For India, a successful moon landing would mark its emergence as a space power as Prime Minister Narendra Modi's government looks to spur investment in private space launches and related satellite-based businesses. A successful mission would make India only the fourth country to successfully land on the moon, after the former USSR, the United States and China.

Persons: Russia's Luna, ISRO's, Narendra Modi's, Manish Purohit, Sivan, Pawan Chandana, Nivedita, Gerry Doyle, Mark Potter Organizations: ISRO, Handout, REUTERS, Rights, Indian Space Research, Twitter, Thomson Locations: Russian, Russia, India, Hollywood, USSR, United States, China, Bengaluru

☆ Soaring temperatures to record rainfall: flooding ravages East Asia as climate crisis takes hold
▼ + stars: | 2023-07-17 | by ( Heather Chen | ) edition.cnn.com time to read: +8 min

Record temperatures also led to a rise in heat-related illnesses, particularly among vulnerable communities such as the elderly. In response to the loss of life, South Korean President Yoon Suk Yeol called for an overhaul of the country’s approach to extreme weather. “This kind of extreme weather event will become commonplace — we must accept climate change is happening, and deal with it,” Yoon said Monday. A vulnerable regionScientists have warned the frequency and intensity of extreme weather events will continue to increase as the human-caused climate crisis accelerates. “Floods, droughts and other devastating climate events are “all showing us very clearly what will the future be,” she added.

Persons: Yoon Suk, ” Yoon, ”, John Kerry, Reuters Heatwaves, Shehbaz Sharif, Manish Swarup, —, “, Sunita Narain Organizations: Hong Kong CNN, CNN, Japan’s Meteorological Agency, Reuters, World Meteorological Organization, ”, United Nations General Assembly, Disaster, World Bank, Centre for Science Locations: Hong Kong, Japan, China, South Korea, India, South Korean, Cheongju, Philippines, Cambodia, Manila, Phnom Penh, Delhi, Beijing, Washington, Chongqing, Kiryu, Gunma Prefecture, Kyoto, Tokyo, Hatoyama, Saitama Prefecture, Asia, Pakistan, New Delhi, Himachal Pradesh, Assam, Uttarakhand, Punjab, Haryana, Uttar Pradesh, “

☆ Is India the next China? Analyst says he is 'very, very bullish' on one of them
▼ + stars: | 2023-07-03 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +2 min

India is not the new China, and the emerging superpower is marching to the beat of its own drum and could "enjoy some very high growth years," said Riedel Research Group. "Definitely prefer India over China," he continued. "China's economy [is] much larger but this is a notable shift as India has perennially underperformed China." Riedel also maintained that India is a "very different country" from what China is today and ever was. "The whole mutual fund business, the private sector banking business ... they really have a decade of growth ahead of them."

Persons: David Riedel, Riedel, Morgan Stanley, Manish Chokhani, CNBC's Organizations: Research, CNBC, P Global, Enam Holdings Locations: Mumbai, India, China, Japan, Germany

☆ Here are the 150 most important people at BlackRock. Explore our exclusive org chart.
▼ + stars: | 2023-06-06 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +2 min

Insider built an org chart showing the most senior executives at BlackRock. Our org chart shows where executives said to be in the running to succeed Fink sit. To provide a window into the current power structure, Insider has mapped out the roughly 150 most senior BlackRock executives. Our org chart reflects recent changes to the company's structure. This month, the firm overhauled its alternative-investments business and made changes to the makeup of its Aladdin business, two core BlackRock offerings.

Persons: Fink, Larry Fink, BlackRock, Rob Kapito, Manish Mehta, Mark Wiedman Organizations: BlackRock Locations: New York, BlackRock

More than 280 people were killed and over 1,100 injured in a three-way crash involving two passenger trains and a freight train in eastern Odisha state on Friday, officials said. BJP4India/TwitterThe cause of Friday’s crash remains unclear, but senior state railway officials told CNN that it is suspected to have been caused by a traffic signaling failure. Video footage and photographs from the crash site near Bahanaga Bazar rail station showed scenes of chaos and despair. An official overseas rescue efforts at the site of the train crash in Balasore. An aerial view of the derailed coaches in Balasore.

Persons: Narendra Modi, Modi, Ashwini Vaishnaw, ” Modi, “, “ It’s, Sudhanshu Sarangi, “ We’ve, Piyal Adhikary, Anshuman Purohit, ” Rohit Raj, Dibyangshu Sarkar, ”, Narendra Singh Bundela, ” Bundela, Stringer, Rafiq Maqbool, AP Modi, Shehbaz Sharif, Rishi Sunak, Ursula von der Leyen, Fumio Kishida Organizations: India CNN — Indian, Bharat, CNN, Chennai Coromandel, Passengers, NDTV, Getty, Response Force, Reuters, National Crime Records, Western, AP, Force, Rapid Action Force, Soro Block, “, British, EU, Japan’s Locations: Bhubaneswar, India, Odisha, Balasore, Shalimar, Chennai, Yesvantpur, Howrah, Bahanaga Bazar, AFP, Andhra Pradesh, Uttar Pradesh, New Delhi, Mumbai, country’s Jammu, Kashmir, Soro

But rescuers expect the death toll to rise further, as many people are thought to be trapped under upturned carriages. A damaged train carriage, following the deadly collision in Balasore, India, on June 2. Video footage and photographs from Friday’s crash site show scenes of chaos and despair. Rescuers search for survivors at the site of the crash in Balasore district, in the eastern Indian state of Odisha, on June 2. The latest crash comes as India carries out a major overhaul of its infrastructure, with the country investing millions to modernize transport links.

Persons: Sudhanshu Sarangi, Railway Minister Ashwini Vaishnaw, Narendra Singh Bundela, ” Bundela, ”, “, Narendra Modi, Modi Organizations: CNN, Rescuers, Fire Services, NDTV, Railway Minister, Response Force, Press Trust of, Force, Rapid Action Force, Soro Block, “, Bharatiya Janata Party, National Crime Records, Western Locations: India, Balasore, Odisha, Bahanaga, Balasore district, Press Trust of India, Soro, Uttar Pradesh, New Delhi, Mumbai, country’s Jammu, Kashmir

☆ We identified the 150 most important people at BlackRock. Explore our exclusive org chart.
▼ + stars: | 2023-05-29 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +2 min

Insider built an org chart showing the most senior executives at BlackRock. Our org chart shows where executives said to be in the running to succeed Fink sit. To provide a window into the current power structure, Insider has mapped out the roughly 150 most senior BlackRock executives. Our org chart reflects recent changes to the company's structure. Here is our exclusive org chart of the most powerful people at $9 trillion BlackRock.

☆ Wall St Week Ahead Artificial intelligence gives real boost to U.S. stock market
▼ + stars: | 2023-05-19 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +4 min

NEW YORK, May 19 (Reuters) - Recent advances in artificial intelligence are fueling optimism over how businesses can operate more productively in the years ahead. They are also providing a big boost to the stock market. About 25% to 50% of those gains are owed to "the buzz around artificial intelligence," she noted. Indeed, optimism over AI is a key factor supporting a stock market facing numerous headwinds. His firm owns shares of Microsoft, Nvidia and Alphabet.

☆ AI boom could expose investors’ natural stupidity
▼ + stars: | 2023-05-19 | by ( Felix Martin | ) www.reuters.com time to read: +7 min

Indeed, enthusiasm about AI has become the one ray of light piercing the stock market gloom created by the record-breaking rise in U.S. interest rates. It’s a good moment for investors to be especially alert to the tendency of natural stupidity to drive stock market valuations to unrealistic – and therefore ultimately unprofitable – extremes. However, the most important lessons of behavioural economics relate to a more fundamental question: Will the new generation of AI do what it promises? Behavioural economics offers some cautionary tales for such attempts to apply AI in the wild. For example, stock market returns can be affected by a small number of rare but extreme movements in share prices.

☆ BlackRock is wrestling with who could succeed Larry Fink. Here's who's now in the running.
▼ + stars: | 2023-05-12 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +8 min

Investment giant BlackRock has been planning for CEO Larry Fink's succession for years. Leadership has discussed BlackRock cofounder Susan Wagner as someone who could succeed Fink if the board does not have a clear candidate. For years, BlackRock has been planning for Chief Executive Larry Fink's succession, a torch-passing the industry has long speculated over. BlackRock has become shorthand for the intense backlash from primarily Republican lawmakers over sustainable investment strategies that Fink has championed as CEO. Goldstein, 49, is a BlackRock lifer and has been chief operating officer for nearly a decade.

☆ BlackRock org chart: The 150 most powerful people under CEO Larry Fink as succession planning looms
▼ + stars: | 2023-05-12 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +4 min

Insider built an org chart showing the most senior executives under BlackRock CEO Larry Fink. To provide a window into the current power structure, Insider has mapped out the roughly 150 most senior BlackRock executives. This week, the firm overhauled its alternative-investments business and made changes to the makeup of its Aladdin business, two core BlackRock offerings. "We are spending a great deal of time at BlackRock getting the firm ready for when the founders are retiring. Investment stewardship head Joud Abdel Majeid and Willie Alford, Fink's new chief of staff, are among the executives who report to Fink.

☆ The Companies Trying to Make Live Shopping a Thing in the U.S.
▼ + stars: | 2023-05-10 | by ( Jordyn Holman | Kalley Huang | ) www.nytimes.com time to read: +2 min

But American consumers have yet to take to live shopping in the same way. In 2016, the e-commerce giant Alibaba launched Taobao Live, popularizing live shopping in China. Alongside Poshmark, QVC’s parent company Qurate recently started Sune, a live shopping app targeting Gen Z. Last year, Walmart, YouTube and eBay added or expanded their live shopping features. “In a very few short months, they’re proving that this form of live shopping works,” he added, referring to Posh Shows sellers like Ms. Lazovic.

☆ Poshmark CEO Manish Chandra Celebrates His Asian Heritage
▼ + stars: | 2023-05-09 | 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 EmailPoshmark CEO Manish Chandra Celebrates His Asian HeritageIn celebration of Asian American Pacific Islander Heritage Month, Poshmark CEO Manish Chandra stresses the importance distinguishing yourself in the workplace.

VARANASI, India, April 26 (Reuters) - Murali Mohan Sastry is waiting peacefully for death on the banks of the Ganges River in India's northern city of Varanasi, revered by millions of Hindus. More than a decade ago, the 82-year-old former college teacher and his wife left behind comfortable lives in the southern city of Hyderabad. Now he hopes that by dying in Varanasi, he can break the tenuous cycle of death and rebirth, an article of faith for many Hindus, in order to attain salvation. "We invite death," Sastry said soon after chanting his dawn prayers while dipping fully clothed into the waters of the river three times. Still, the devout unable to breathe their last in the holy city can take solace from the Hindu belief that will come a step closer to salvation if their remains are cremated there.

☆ Biden pledges $500 million to fight Amazon deforestation, but Congress must approve
▼ + stars: | 2023-04-20 | by ( Emma Newburger | ) www.cnbc.com time to read: +3 min

President Joe Biden announced plans to boost U.S. funding to slash deforestation in Brazil's Amazon rainforest and to help developing countries combat climate change during a meeting with world leaders on Thursday. The president, during a virtual meeting with the Major Economies Forum on Energy and Climate, committed $500 million over five years to reduce deforestation in Brazil. Biden also pledged $1 billion to the Green Climate Fund, a United Nations-led program aimed to help developing countries become more resilient to climate change and transition to clean energy sources. The funding comes after the president in 2021 pledged to work with Congress to quadruple U.S. climate support for developing countries to $11.4 billion each year by 2024. The president's request for additional climate funding will likely face strong opposition from the Republican-controlled House.

☆ LinusBio is using strands of hair to revolutionize the autism-detection process. Check out the slideshow it used to raise $16 million from GreatPoint and Bow Capital.
▼ + stars: | 2023-04-14 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +2 min

Healthcare startup LinusBio just raised a $16 million Series A funding round. The startup uses precision sequencing to detect autism and other complex diseases at birth. Disease detection and treatment startup LinusBio just raised a $16 million Series A funding round led by GreatPoint Ventures and Bow Capital. The startup diverges from startups like Elemy and Akili Technologies, which focus on treatment and support for people already diagnosed with autism. Check out the 16-page pitch deck LinusBio used to raise $16 million from VCs.

☆ Independent Group Stakes Out Position as Arbiter of Carbon-Offset Quality
▼ + stars: | 2023-03-30 | by ( Dieter Holger | ) www.wsj.com time to read: +5 min

Each carbon credit is supposed to equal one metric ton of carbon dioxide avoided or removed from the atmosphere. Credits that meet the ICVCM’s standards would receive a so-called Core Carbon Principles badge. Still, it remains to be seen how carbon crediting organizations adopt the ICVCM’s standards. PREVIEWThe ICVCM’s effort comes during a time when many companies are hesitant to buy voluntary carbon credits or have pulled back. Less than a quarter of 137 global companies surveyed in the fourth quarter of 2022 plan to use carbon credits, according to the World Economic Forum.

☆ Top Delhi minister arrested in India liquor probe
▼ + stars: | 2023-02-27 | by ( ) www.reuters.com time to read: +2 min

NEW DELHI, Feb 27 (Reuters) - India's federal investigating agency arrested a top local minister in the capital territory of New Delhi late on Sunday in connection with alleged irregularities in a liquor policy, the most high-profile arrest in the case so far. Manish Sisodia, the deputy chief minister in the Delhi government was arrested by India's federal crime agency, the CBI (Central Bureau of Investigation) late Sunday night and will be produced in a local court on Monday. Sisodia was arrested in an ongoing investigation in "a case related to alleged irregularities in framing & implementation of the excise policy", the CBI said in a release. His arrest is dirty politics," Arvind Kejriwal, Delhi's chief minister and head of the Aam Aadmi Party said in a tweet hours after Sisodia's arrest. India's financial crime-fighting agency, the Enforcement Directorate is separately investigating French liquor major Pernod Ricard for allegedly violating the same liquor policy.

☆ How entrepreneurs can use livestream shopping to make thousands of dollars
▼ + stars: | 2023-02-22 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +16 min

Live shopping in the US is expected to become a $25 billion market in 2023. Livestream shopping has been popular in China for over a decade, where the industry was estimated to be worth $305 billion in 2021, up from $63 billion in 2019, according to Coresight Research. Virgile Ollivier, a cofounder and the CEO of Livescale, told Insider livestream shopping would soon become just as important for brands as social-media marketing. Livestream-shopping platforms pick up where Instagram falls shortApps focused solely on livestream shopping show a disconnect on traditional social-media platforms. Most sellers livestream at least once a week, at the same time so their followers always know when to expect a show.

☆ FDA advisors recommend over-the-counter use of life-saving opioid overdose treatment Narcan
▼ + stars: | 2023-02-15 | by ( Spencer Kimball | ) www.cnbc.com time to read: +7 min

Narcan nasal spray quickly reverses an overdose from heroin and prescription painkillers. The Food and Drug Administration's independent advisors on Wednesday unanimously recommended over-the-counter use of the nasal spray Narcan to reverse opioid overdoses, which would significantly expand access to the life-saving treatment. Emergent BioSolutions ' Narcan is the most commonly sold treatment for opioid overdoses. Emergent BioSolutions said Narcan would be available for the over-the-counter market by late summer if the FDA approves it next month. Opioid overdose deaths spiked 17% during the pandemic from about 69,000 in 2020 to nearly 81,000 in 2021.

☆ U.S. jobs report was not as strong as it seemed and recession is likely, CIO says
▼ + stars: | 2023-02-09 | 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 EmailU.S. jobs report was not as strong as it seemed and recession is likely, CIO saysCrossbridge Capital Group's Chief Investment Officer Manish Singh digs into the detail of U.S. jobs and economic data, his view on Fed rate cutting and why he sees a U.S. recession ahead.

☆ Gautam Adani lost half his wealth in a flash. Here’s what happened
▼ + stars: | 2023-02-04 | by ( Julia Horowitz | ) edition.cnn.com time to read: +6 min

While the Adani Group has condemned the report as “baseless” and “malicious,” investor questions about its claims linger, and the fallout is growing. Gautam Adani is a 60-year-old tycoon who founded the Adani Group more than 30 years ago. The firm said it had taken a short position in Adani Group companies, meaning it would benefit from a drop in their value. Stocks of most Adani Group companies slumped again on Friday. Indian banks that hold Adani Group assets could also be affected if the value of those holdings continues to drop.

☆ India's Gen Z grapples with Modi's dark past in clashes over new documentary
▼ + stars: | 2023-01-28 | by ( Yashraj Sharma | ) www.nbcnews.com time to read: +8 min

Modi denies being complicit in the attacks, and India’s Supreme Court upheld a ruling last year that he should be cleared of all charges. The first part of the documentary is about Modi’s political career before he became prime minister. The second half of the BBC documentary, which aired in Britain this week, focuses on his leadership since then. Critics say Modi has promoted discrimination against India’s Muslim minority and quashed dissent, especially since his re-election in 2019. Students at Jamia Millia Islamia defied university warnings not to screen the BBC film.

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