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☆ Lightbeam.ai helps companies manage AI governance. It just raised $17.8 million with this 16-slide pitch deck.
▼ + stars: | 2024-02-01 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

Read previewLightBeam.ai, a data privacy and security startup, has raised $17.8 million in fresh funds. Founded in 2020, the company wants to help businesses adapt their data security in an increasingly AI-powered world. "In the era of generative AI breakthroughs, organizations are empowered to unlock valuable insights from customer data," Prasad told Business Insider. Advertisement"However, this advancement poses the crucial challenge of ensuring secure and compliant handling of customer data within the evolving landscape of AI governance and privacy regulations." The new funding will go towards scaling the San Francisco-based startup's head count having previously focused predominantly on technology investment.

Persons: —, Priyadarshi Prasad, Prasad Organizations: Service, Business, Vertex Ventures, Dropbox Ventures Locations: Francisco

☆ Modi's Party Set to Bring Contentious Common Civil Laws in India Through States
▼ + stars: | 2024-01-31 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +3 min

Framing a national common law has been one of the three core, decades-old promises of Modi's Bhartiya Janta Party (BJP). The northern state of Uttarakhand, nestled in the Himalayan foothills, is expected to unveil a Uniform Civil Code (UCC) bill next week, officials said. A committee set up in Uttarakhand in 2022 to draft the code will submit its work to the state government on Friday. "Several state governments across India are looking at whether a uniform civil code could be implemented," Nalin Kohli, a national BJP spokesperson said. Personal laws can be legislated by both federal and state governments, and other BJP-ruled states have said they could use the Uttarakhand UCC draft as a template.

Persons: Krishn Kaushik, Rupam Jain, Saurabh Sharma, Narendra Modi's, Modi's, Asaduddin Owaisi, Nalin Kohli, Pushkar Singh Dhami, Ram, Biswa Sarma, Keshav Prasad Maurya, Sumit Khanna, Jatindra, Lincoln Organizations: Saurabh Sharma NEW DELHI, Janta Party, BJP, UCC, Kashmir, Uttarakhand UCC, Reuters Locations: Indian, Jammu, Kashmir, Uttarakhand, India, Assam, Uttar Pradesh, New Delhi, Lucknow, Ahmedabad, Bhubaneshwar

☆ Premarket stocks: The US is pulling ahead in the economic race with China
▼ + stars: | 2024-01-29 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

It appears that a soft landing, where price rises are tamed and the economy manages to avoid recession, is possible. Before the Bell: Is it fair to say that the US is outpacing China in the race for economic supremacy? Just last year people might have said the opposite — that the US was heading towards recession and the Chinese economy was thriving. It is remarkable to see the US economy blazing ahead while the Chinese economy sputters and slips into deflation. What else should investors be aware of when they read about the Chinese economy?

Persons: Bell, Eswar Prasad, Jamie Dimon, he’s, Marianne Lake, Jennifer Piepszak, Piepszak, Troy Rohrbaugh, Rohrbaugh, Dimon, hasn’t, “, Brian Fung, Oregon Democratic Sen, Ron Wyden, Biden Organizations: CNN Business, Bell, New York CNN, Cornell University, International Monetary, JPMorgan, JPMorgan Chase, Bloomberg, NSA, National Security Agency, Oregon Democratic, Pentagon, CNN Locations: New York, China, Oregon

☆ How 'naked greed' caused best friends and Forge co-founders to go to war over control of their latest startup Destiny XYZ
▼ + stars: | 2024-01-26 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +6 min

In a lawsuit filed this week viewed by Business Insider, Ramadurgam claims he was the victim of a Machiavellian scheme perpetrated by a power-hungry CEO and his "handpicked henchmen." In his statement to Business Insider, Prasad tells a different story of a co-founder who was "checked out" of the company. In an interview with Business Insider, Ramadurgam disputed Prasad's claims, saying that he missed only about 15 work days in 2022 for meditation retreats. In his lawsuit he claims Prasad was motivated by "naked greed." "I just don't see how you can honestly, with integrity make the argument that I should have 0% stake in the company," Ramadurgam said in an interview.

Persons: Sohail Prasad, Samvit Ramadurgam, Ramadurgam, Prasad, Destiny, Ramadurgan Organizations: Business, Prasad, Silicon, Forge, Coinbase, Plaid, SEC Locations: Silicon Valley, Forge, Ramadurgam's

☆ Amazon is working on a new 'Remarkable Alexa' but internal politics and technical issues plague the project
▼ + stars: | 2024-01-17 | by ( Eugene Kim | ) www.businessinsider.com time to read: +6 min

The team is working towards a June 30 launch deadline, and has been testing the underlying voice technology, dubbed "Remarkable Alexa," with 15,000 external customers, these people said. Internally, however, Amazon isn't satisfied with the performance of the new Remarkable Alexa yet. But the new Remarkable Alexa follows a more centralized structure, where language understanding and response generation use a single language model. The Classic Alexa team, for example, wants to protect their work by insisting on using what they built for the old Alexa, one of the people said. In addition to the subscription-based Alexa, Amazon is also working on a new Alexa product that can be used within a web browser, people familiar with the project told BI.

Persons: Alexa, Dave Limp, Rohit Prasad Organizations: Business, Alexa, Google, Apple, Intelligence, Amazon, Alexa Plus, Reuters

☆ A new era for the market means a new way to think about investing
▼ + stars: | 2023-12-04 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe market volatility in the wake of the pandemic gave people visions of getting rich overnight, but true investing is a long-term play. As a result, a new market regime means new investing strategies will be necessary, James and Will write. Setting aside recency bias, it's been relatively easy to generate good returns in the market over the past 10 years. AI names may have commanded the market's attention lately, but another corner of the market is seeing impressive gains: stocks tied to digital assets.

Persons: —, Liam Eisenberg, Insider's James Faris, Will Edwards, Let's, James, Will, Spencer Platt, that's, Arantza Pena Popo, bitcoin, Alyssa Powell, Prasad Kalyanaraman, Cybertruck, Elon Musk's Cybertruck, Jay, Tyra Banks, Blake Snell, Thomas Carlyle, I'd, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Business, Getty, Marathon Digital, Oxford Dictionary Locations: America, Europe, EU, New York City, San Diego, London, New York

☆ The Year’s Best Movies
▼ + stars: | 2023-12-03 | by ( Ian Prasad Philbrick | More About Ian Prasad Philbrick | ) www.nytimes.com time to read: +1 min

I found myself at the movies this year more often than last. And though neither metric has yet rebounded to prepandemic levels, it finally feels like the movies are, in some sense, back. Maybe it was the monotony of at-home streaming or just the desire to finally get off the couch. A quick scan of The New York Times’s list of the year’s best movies makes the point. The films, picked by the critics Manohla Dargis and Alissa Wilkinson, span a number of genres, including dramas and biopics.

Persons: I’m, Manohla Dargis, Alissa Wilkinson, Wes Anderson, Steve McQueen, Rockwell, Celine Song, ”, Martin Scorsese Organizations: Office, Osage Locations: York, Chilean

☆ AWS VP tells employees that the departures of senior engineers are 'making us better,' leaked transcript shows
▼ + stars: | 2023-12-01 | by ( Eugene Kim | ) www.businessinsider.com time to read: +3 min

Some Amazon Web Services employees are concerned about a large number of departures among its senior engineers. At last month's internal staff meeting for AWS, VP of infrastructure services Prasad Kalyanaraman answered an employee question about turnover among senior engineers, according to a transcript of the meeting obtained by Business Insider. It is one of the many challenges AWS employees are currently dealing with, alongside slowing growth and a more bureaucratic culture, as BI previously reported . As we've previously told Insider, attrition among AWS employees has declined in recent years and to suggest anything otherwise is inaccurate. Amazon unveiled Amazon Q this week, an AI chatbot for businesses, and previously launched CodeWhisperer, a coding assistant for developers.

Persons: Prasad Kalyanaraman, Kalyanaraman, Rob Munoz, we've, Prasad, Munoz, Peter DeSantis, DeSantis, Charlie Bell, Rachel Thornton, Chris Vonderhaar Organizations: Web Services, Business, Amazon's, AWS

☆ AI fatigue, sales challenges, and the problem of getting big: Inside growing tension at AWS
▼ + stars: | 2023-11-29 | by ( Eugene Kim | ) www.businessinsider.com time to read: +14 min

For Amazon, AWS is more important than ever. Targets missedAWS is falling short of reaching sales goals in its startups and small-business segments, two employees told BI. Burnout and attritionSeveral AWS employees also pointed to high turnover as a major point of concern. AWS employees told BI it still remains to be seen how all these changes will manifest in the months to come. "The most significant single sentiment we feel is uncertainty," one of the AWS employees told BI.

Persons: Matt Garman, Garman, Mark Shmulik, Bernstein, Rob Munoz, Munoz, Charlie Bell, Rachel Thornton, Chris Vonderhaar, Peter DeSantis, DeSantis, Andy Jassy Mike Blake, AWS's, Prasad Kalyanaraman, Kalyanaraman, Amazon's, Bard, Adam Selipsky, Adam Selipsky Noah Berger, Selipsky, Andy Jassy, Jeff Bezos, Jassy, Geekwire Organizations: Amazon Web, AWS, Business, Amazon, SMB, Enterprise, Reuters, Microsoft, Google, BI Locations: Las Vegas, AMZN's, billings

☆ Leaked email: Broadcom CEO says the company is reviewing 'strategic alternatives' for two of VMware's businesses
▼ + stars: | 2023-11-29 | by ( Rosalie Chan | ) www.businessinsider.com time to read: +5 min

Broadcom CEO Hock Tan told employees he's reviewing strategic alternatives for two parts of VMware following the acquisition of the cloud software company. Most recently, VMware president Sumit Dhawan became CEO of cybersecurity company Proofpoint. I am very pleased to welcome VMware employees to Broadcom and bring together our engineering-first, innovation-centric teams. We will also continue to support VMware's End-User Computing, led by Shankar Iyer, VP and General Manager, and Carbon Black, led by Jason Rolleston, VP and General Manager, as we review strategic alternatives for these two businesses. As we move forward, we expect there will be growth opportunities for VMware employees within the larger combined company.

Persons: Hock Tan, Tan, CRN, Raghu Raghuram, Krish Prasad, Purnima Padmanabhan, Sanjay Uppal, Umesh Mahajan, Thoma, Sumit Dhawan, •, Shankar Iyer, Jason Rolleston, Mike Gannon, • Regan McGrath, Luigi Freguia, • Sylvain Cazard, Cynthia Loyd, Ricky Cooper, Joan Stone, Mark Nagle, • Bryan Prosek Organizations: Broadcom, VMware, Business, VMware Cloud Foundation, CA Technologies, Thoma Bravo, Symantec, Cyber Security Services, Accenture, HCL Technologies, Broadcom Employees, •, Security, Strategic, Corporate, Asia Pacific, Services

☆ Indian tunnel rescue set to take much longer after drill damaged
▼ + stars: | 2023-11-25 | by ( Saurabh Sharma | ) www.reuters.com time to read: +4 min

Pushkar Singh Dhami, chief minister of Uttarakhand state said on Saturday the damaged drilling machine would be taken out by Sunday morning, allowing manual drilling to start. On Saturday morning the trapped workers, all migrants, were "very worried", said Sunita Hembrom, whose brother-in-law Birendra Kishku, 39, is in the tunnel. A rescue mission is currently underway at the Silkyara tunnel in Uttarakhand to free 41 workers who are stuck inside following a landslide. The rescue plan involves pushing a pipe wide enough to pull the trapped men out on wheeled stretchers. Rescue workers rehearsed the evacuation by going into the pipe and being pulled out on stretchers, a video clip provided by the authorities showed.

Persons: Shankar Prasad Nautiyal, Pushkar Singh Dhami, Syed Ata Hasnain, Sunita Hembrom, Birendra Kishku, Rohit Gondwal, Narendra Modi's, Saurabh Sharma, Krishn Kauhsik, Jacqueline Wong, Mark Potter Organizations: REUTERS, Authorities, National Disaster Management Authority, Thomson Locations: Uttarkashi, Uttarakhand, India

☆ Drilling snag delays rescue of 41 men stuck in Indian tunnel
▼ + stars: | 2023-11-24 | by ( Saurabh Sharma | ) www.reuters.com time to read: +2 min

Hindu priests pray at a makeshift shrine outside the entrance of a tunnel where workers are trapped after the tunnel collapsed in Uttarkashi, in the northern state of Uttarakhand, India, November 23, 2023. The men, low-wage construction workers, have been confined in the 4.5-km (3-mile) tunnel in Uttarakhand state since it caved in early on Nov. 12. Attempts to pull them out by drilling through the debris of rock, stones and metal and pushing through an evacuation pipe have been slowed by snags. The collapsed tunnel is on the Char Dham pilgrimage route, one of the most ambitious projects of Prime Minister Narendra Modi's government. It aims to link four key Hindu pilgrimage sites with 890 km (550 miles) of two-lane road, at a cost of $1.5 billion.

Persons: Shankar Prasad Nautiyal, Rescuers, Deepak Patil, Narendra Modi's, YP Rajesh, Lincoln Organizations: REUTERS, Authorities, snags, Reuters, National Highways Authority, YP, Thomson Locations: Uttarkashi, Uttarakhand, India

☆ Indian rescuers hope to reach 41 trapped in tunnel on Thursday
▼ + stars: | 2023-11-23 | by ( Saurabh Sharma | ) www.reuters.com time to read: +3 min

SILKYARA, India, Nov 23 (Reuters) - Rescuers in India hope to finish drilling through debris on Thursday and free 41 men trapped in a highway tunnel in the Himalayan region after a metal obstacle slowed progress, officials said. The men began the twelfth day of their ordeal confined in the 4.5-km (3-mile) tunnel in Uttarakhand state since it caved in early on Nov. 12. Once the drill breaks through, officials said they plan to send rescuers through the evacuation pipe, using stretchers on wheels, to bring out the trapped men. [1/2]An ambulance arrives at the tunnel where workers are trapped after the tunnel collapsed in Uttarkashi in the northern state of Uttarakhand, India, November 23, 2023. REUTERS/Shankar Prasad Nautiyal Acquire Licensing RightsA rescue mission is currently underway at the Silkyara tunnel in Uttarakhand to free 41 workers who are stuck inside following a landslide.

Persons: Atul Karwal, Bhaskar Khulbe, Shankar Prasad Nautiyal, Pushkar Singh, Gabbar Singh Negi, Saba Ahmed, Narendra Modi's, YP Rajesh, Clarence Fernandez Organizations: Authorities, Force, Rescuers, REUTERS, National Highways Authority, YP, Thomson Locations: SILKYARA, India, Uttarakhand, Uttarkashi, Pushkar

☆ Indian rescue effort for 41 trapped in tunnel breaks through steel obstacle
▼ + stars: | 2023-11-23 | by ( Saurabh Sharma | ) www.reuters.com time to read: +2 min

[1/2] An ambulance arrives at the tunnel where workers are trapped after the tunnel collapsed in Uttarkashi in the northern state of Uttarakhand, India, November 23, 2023. Once the drilling is completed, officials plan to send rescuers through the evacuation pipe with stretchers on wheels to bring out the trapped men, they said. Authorities have not said what caused the tunnel collapse, but the region is prone to landslides, earthquakes and floods. Efforts to bring the men out have been slowed by snags in drilling in the mountainous terrain. The collapsed tunnel is located on the Char Dham pilgrimage route, one of the most ambitious projects of Prime Minister Narendra Modi's government.

Persons: Shankar Prasad Nautiyal, Bhaskar Khulbe, Khulbe, Narendra Modi's Organizations: REUTERS, Authorities, Wednesday, National Highways Authority, YP Rajesh, Thomson Locations: Uttarkashi, Uttarakhand, India

☆ Indian rescuers drill halfway towards workers trapped in tunnel
▼ + stars: | 2023-11-22 | by ( Saurabh Sharma | ) www.reuters.com time to read: +1 min

Heavy machinery moves outside a tunnel where 40 road workers are trapped after a portion of the tunnel collapsed in Uttarkashi in the northern state of Uttarakhand, India, November 16, 2023. REUTERS/Shankar Prasad Nautiyal/File photo Acquire Licensing RightsSILKYARA, India, Nov 22 (Reuters) - Rescuers have drilled about halfway through fallen debris to reach 41 workers trapped for ten days inside a collapsed tunnel in the Indian Himalayas, an official said on Wednesday. First images emerged on Tuesday from within the tunnel, showing workers in white and yellow hardhats standing in the confined space and communicating with rescuers, after a medical endoscopy camera was pushed through a smaller pipeline. Authorities have not said what caused the tunnel collapse, but the region is prone to landslides, earthquakes and floods. Reporting by Saurabh Sharma in Silkyara; Writing by Shivam Patel; Editing by Clarence FernandezOur Standards: The Thomson Reuters Trust Principles.

Persons: Shankar Prasad, Deepak Patil, Saurabh Sharma, Shivam Patel, Clarence Fernandez Organizations: REUTERS, Authorities, Thomson Locations: Uttarkashi, Uttarakhand, India

☆ Leaked email outlines Amazon's big plans for 'AGI,' the AI tech all of Silicon Valley is chasing
▼ + stars: | 2023-11-21 | by ( Eugene Kim | ) www.businessinsider.com time to read: +4 min

"I am very proud of what this organization has already delivered for Alexa and AGI," Prasad added. Amazon's AGI team wasn't launched in response to this drama. The change also follows last week's job cuts within the AGI team, as BI previously reported . The cuts were part of a broader layoff that primarily affected Amazon's Alexa team. These are the six new teams formed within the AGI unit, as per the internal email:• AGI Product: defines AGI services and engages with internal customer teams to ensure end-to-end success.

Persons: Amazon's, Rohit Prasad, Prasad, Sam Altman, that's, Altman wasn't, didn't, wasn't, Andy Jassy, AGI, It's, • Organizations: Alexa, Devices, Business, Microsoft, Google, AGI, Amazon, TV

☆ Rescuers in India tunnel collapse begin replacing drilling machine on 7th day
▼ + stars: | 2023-11-18 | by ( Saurabh Sharma | ) www.reuters.com time to read: +2 min

The disaster management office revised the number of people trapped since Sunday morning in the tunnel in Uttarakhand state to 41, up from 40. A rescue mission is currently underway at the Silkyara tunnel in Uttarakhand to free 41 workers who are stuck inside following a landslide. Authorities have not said what caused the 4.5-km (3-mile) tunnel to cave in, but the region is prone to landslides, earthquakes and floods. Work was suspended on Friday after a "large-scale cracking sound" was heard as rescue workers sought to restart the drilling machine, according to a report from NHIDC. Close to 100 tunnel workers gathered at the site on Saturday, demanding faster progress in reaching and freeing those trapped.

Persons: Shankar Prasad Nautiyal, Anshu Malik Halko, Halko, Vishnu Sahu, Sahu, Saurabh Sharma, Ira Dugal, William Mallard, Tom Hogue Organizations: REUTERS, Highways, Infrastructure Development Corporation, Reuters, Authorities, Thomson Locations: Uttarkashi, Uttarakhand, India, Madhya Pradesh

☆ Indian rescuers still 40 metres away from workers trapped in collapsed tunnel
▼ + stars: | 2023-11-17 | by ( Saurabh Sharma | ) www.reuters.com time to read: +1 min

Police officers stand guard next to a barricade past the entrance of a tunnel where 40 road workers are trapped after a portion of the tunnel collapsed in Uttarkashi in the northern state of Uttarakhand, India, November 16, 2023. Acquire Licensing RightsSILKYARA, India, Nov 17 (Reuters) - Rescuers drilled about one-third of the way into the debris of a collapsed highway tunnel in India by Friday morning to reach 40 workers trapped inside for five days, officials said. Drilling had penetrated through about 21 metres (70 feet) of debris, Devendra Singh Patwal, a disaster management officer, told Reuters. Another officer with the rescue team inside the tunnel said the trapped men were doing fine. A rescue mission is currently underway at the Silkyara tunnel in Uttarakhand to free 40 workers who are stuck inside following a landslide.

Persons: Shankar Prasad Nautiyal, Devendra Singh Patwal, Narendra Modi's, Saurabh Sharma, Tanvi Mehta, Raju Gopalakrishnan Organizations: REUTERS, Reuters, Authorities, Thomson Locations: Uttarkashi, Uttarakhand, India, Char

☆ Leaked email shows Amazon is cutting 'several hundred' jobs across Alexa business, including the newly launched Artificial General Intelligence team
▼ + stars: | 2023-11-17 | by ( Eugene Kim | ) www.businessinsider.com time to read: +4 min

Amazon's Alexa business is laying off "several hundred" employees, including those on its recently launched artificial general intelligence team, Business Insider has learned. Rohit Prasad, SVP of the Artificial General Intelligence team, followed up with a separate email, saying his team, which launched in July, would be impacted as well. "While this was a hard decision to make, we remain very optimistic about the future of Alexa," an Amazon spokesperson told BI. The move continues to impact Amazon's Alexa unit, which has suffered from slow growth and low morale in recent years. The move continues to impact Amazon's Alexa unit, which has suffered from slow growth and low morale in recent years.

Persons: Amazon's, Daniel Rausch, it's, Rausch, Rohit Prasad, Prasad, Geekwire, Dave Limp, Alexa, Panos Paney, OpenAI's ChatGPT, Andy Jassy, Eugene Kim Organizations: Alexa, Business, Fire, BI, Artificial General Intelligence, Amazon, Microsoft

☆ Formula One clothing craze sweeps retailers ahead of Vegas debut
▼ + stars: | 2023-11-16 | by ( Katherine Masters | ) www.reuters.com time to read: +4 min

[1/4] F1 apparel is displayed for sale, as U.S. retailers including PacSun and Abercrombie & Fitch are launching lines of Formula 1-inspired apparel, in Las Vegas, Nevada, U.S., November 15, 2023. Teen clothing chains Abercrombie & Fitch (ANF.N) and PacSun are among the U.S. retail chains seeking to turn Americans' budding love affair with Formula One into sales of F1-inspired clothing lines, building partly on excitement for this weekend's inaugural Las Vegas Grand Prix, the retailers said. At the start of the year, the average ticket price for the three-day race weekend was $1,667 -- more than triple that for some European races, such as the Belgian Grand Prix. Rolex paid $35 million in 2023 for a deal that includes title naming rights at two Grand Prix, according to research firm GlobalData. Ahead of the Vegas race, PacSun is selling a collection that includes a pair of $69 women’s cargo jeans and a $600 men’s leather jacket.

Persons: Mike Blake, Jay Prasad, ”, Richard Cox, PVH, Tommy Hilfiger, Conrad Wiacek, Red, Max Verstappen, they’re, Williams, Alfa, Katherine Masters, Jonathan Oatis Organizations: Abercrombie, Fitch, REUTERS, Rolex, One, Las Vegas, Prix, Mercedes, AMG Petronas, Miami Grand Prix, Puma, AP Rocky, Monaco, Netflix, ESPN, Red Bull, Alpine, Kappa, McLaren, Alfa Romeo, Thomson Locations: Las Vegas , Nevada, U.S, Belgian, Vegas, Miami, United States, Las Vegas, men’s

☆ Rescue hopes for men trapped in India tunnel rest on new drill equipment
▼ + stars: | 2023-11-16 | by ( Saurabh Sharma | ) www.reuters.com time to read: +2 min

[1/2] A crane moves past police officers and rescue team members outside a tunnel where 40 road workers are trapped after a portion of the tunnel collapsed in Uttarkashi in the northern state of Uttarakhand, India, November 15, 2023. Rescue efforts have been focused on drilling through the fallen rock to create space for a pipe that can be used to pull the men to safety. Work would begin shortly to cover the 60 metres distance to reach the men, said Devendra Singh Patwal, a state disaster management official. Since the tunnel collapsed, the trapped men have been supplied with food, water and oxygen via a pipe and they are in contact with rescuers via walkie-talkies. Authorities have not said what caused the tunnel to cave in but the region is prone to landslides, earthquakes and floods.

Persons: Shankar Prasad Nautiyal, Ranjit Sinha, Devendra Singh Patwal, Narendra Modi's, Saurabh Sharma, Tanvi Mehta, Neil Fullick Organizations: REUTERS, Local, Authorities, Thomson Locations: Uttarkashi, Uttarakhand, India, New Delhi, Char

☆ Preventing further escalation is a 'victory' for both the US and China: Cornell professor
▼ + stars: | 2023-11-15 | 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 EmailPreventing further escalation is a 'victory' for both the US and China: Cornell professorCornell University’s Eswar Prasad says the U.S. and China understand there are areas the two countries need to cooperate on, despite existing tensions between.

Persons: Cornell University’s Eswar Prasad Organizations: Cornell Locations: China, U.S

WASHINGTON (AP) — The United States and China are the two global economic heavyweights. The meeting will bring together 21 Pacific Rim countries, which collectively represent 40% of the world’s people and nearly half of global trade. Indeed, imports of Chinese goods to the United States were down 24% through September compared with the same period of 2022. Xi, too, has reason to try to restore economic cooperation with the United States. “This will not be an easy sell.’’Complicating matters is that the tensions between Washington and Beijing go well beyond economics.

Persons: Joe Biden, Xi, Eswar Prasad, “, Prasad, Donald Trump, Trump, Biden, Chad Bown, Janet Yellen, Lifeng, —, ” Yellen, ’ ’, Wendy Cutler, Raja Krishnamoorthi, ’ ’ Krishnamoorthi, ’ Organizations: WASHINGTON, International Monetary Fund, “, Cornell University, Economic Cooperation, Biden, World Trade Organization, U.S, Peterson Institute for International Economics, Prosperity, Trump, Group, Bain & Co, Micron, IMF, United, Asia Society Institute, Chinese Communist Party, Republicans, Pew Research Center, Center for Strategic, International Studies, Rep, Illinois Democrat Locations: United States, China, Washington, Beijing, U.S, Ukraine, Gaza, Asia, San Francisco, Shanghai, Hong Kong, Xinjiang, India, Philippines, South China, Taiwan, Chinese, Kenya, Nigeria, Illinois

The model, codenamed as “Olympus”, has 2 trillion parameters, the people said, which could make it one of the largest models being trained. OpenAI's GPT-4 model, one of the best models available, is reported to have one trillion parameters. As head scientist of artificial general intelligence (AGI) at Amazon, Prasad brought in researchers who had been working on Alexa AI and the Amazon science team to work on training models, uniting AI efforts across the company with dedicated resources. It has also partnered with AI model startups such as Anthropic and AI21 Labs, offering them to Amazon Web Services (AWS) users. Training bigger AI models is more expensive given the amount of computing power required.

Persons: OpenAI's, Rohit Prasad, Andy Jassy, Prasad, Krystal Hu, Gerry Doyle Organizations: Reuters, Alexa, AI21 Labs, Amazon Web Services, Amazon, Thomson Locations: San Francisco

Yesterday’s elections went well for the Democratic Party. Andy Beshear won re-election in normally red Kentucky, 53 percent to 48 percent, by emphasizing his support for abortion rights and the economic benefits of Biden administration policies. In increasingly red Ohio, voters overwhelmingly passed a constitutional amendment that keeps abortion legal until roughly 23 weeks of pregnancy. Since the Supreme Court overturned Roe v. Wade, all seven states to have voted on abortion rights have chosen to protect or expand them. Miles Coleman, an election analyst at the University of Virginia, said of abortion.

Persons: Andy Beshear, Biden, Roe, Wade, Glenn Youngkin’s, ’, ” J, Miles Coleman, “ It’s, ” Organizations: Democratic Party, Gov, State Senate, Youngkin, University of Virginia Locations: Kentucky, Ohio, Virginia

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