DIRS.INFO The most relevant business & tech news

☆ Huawei's self-sufficient era shows just how splintered the US and China are in tech
▼ + stars: | 2024-11-25 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

AdvertisementHuawei is set to launch its new line of Mate 70 phones on Tuesday. It marks a new era of self-sufficiency at a moment of tech division between the US and China. On Tuesday, the Shenzhen-based tech giant is set to unveil a slate of new smartphones — the Mate 70 series — that will be the most free they have ever been of Western software and hardware. The Huawei Mate 60. Depending on the success of the Mate 70 phones, that gap could widen in the months ahead.

Persons: Donald Trump, Joe Biden's, Trump, —, Wang Gang, Beijing's mandarins, Tim Cook, Steve Jobs Organizations: Huawei, Wall Street, Kirin, Bloomberg, Apple Locations: China, Shenzhen, Washington

☆ Ransomware attack leaves Starbucks using pens and paper to track employee hours
▼ + stars: | 2024-11-25 | by ( Katherine Tangalakis-Lippert | Alex Bitter | ) www.businessinsider.com time to read: +3 min

The software company behind Starbucks' payment and scheduling system has been experiencing a dayslong ransomware attack, causing outages that are disrupting employee pay. The attack on Blue Yonder, the company that makes the software, began on November 21 and has caused outages in Starbucks's system for tracking employee hours and payments. Starbucks told its employees that payment for the period ending on November 17 would be unaffected, but there may be discrepancies in the following pay period. The outage has forced employees to track their shifts using pens and paper, according to Bloomberg. The software company does not currently have a timeline for resolution of the issue, according to a webpage the company has published for customers impacted by the attack.

Organizations: Starbucks, Business Insider, Bloomberg, BI, Business, CNN, Sony Locations: America

☆ Stocks making the biggest moves after hours: Zoom Communications, Kohl's, Semtech and more
▼ + stars: | 2024-11-25 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Check out the companies making headlines after the bell : Zoom Communications — The maker of video calling software is lower by 1%. Zoom topped Wall Street quarterly estimates and posted fiscal fourth-quarter adjusted earnings per share guidance that was roughly in line with estimates. The company also said it changed its name to Zoom Communications from Zoom Video Communications. Nevertheless, fiscal fourth-quarter results bested analysts' forecasts on the top and bottom lines. Woodward — Shares of the industrials and aerospace machinery maker surged more than 10% on stronger-than-expected fiscal fourth-quarter results.

Persons: Kohl's, Ashley Buchanan, Tom Kingsbury, Woodward —, Woodward, Fluence Organizations: Communications, Zoom Communications, Zoom Video Communications, Michaels, Agilent, LSEG, Fluence Energy

☆ Starbucks forced to pay its baristas manually because of a ransomware attack on third-party software
▼ + stars: | 2024-11-25 | by ( Sean Lyngaas | ) edition.cnn.com time to read: +2 min

CNN —A ransomware attack has disrupted a third-party software system that Starbucks uses to track and manage its baristas’ schedules, forcing the coffee chain to shift to manual mode to ensure its employees get paid properly, a Starbucks spokesperson said Monday. Starbucks’ store leadership have advised their employees on how to work around the outage manually, and the company will make sure everyone gets paid for all hours worked, according to Starbucks spokesperson Jaci Anderson. Starbucks joins a growing list of companies disrupted by the hack of Blue Yonder, an Arizona-based cloud services provider that serves grocery stores and Fortune 500 firms. The Wall Street Journal first reported that Starbucks was impacted by the Blue Yonder hack. A range of major multinational corporations use Blue Yonder cloud services to manage their supply chains.

Persons: Jaci Anderson, Ford, “ Ford, ”, Ian Thibodeau, CrowdStrike, Cybercriminals, Semperis, Brian Niccol Organizations: CNN, Starbucks, Street Journal, US Locations: Arizona, United Kingdom, United States, France, Germany

☆ Ives: This tech market will be on fire as the AI revolution hits its next phase.
▼ + stars: | 2024-11-25 | 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 EmailIves: This tech market will be on fire as the AI revolution hits its next phase. Dan Ives, Global Head of Technology Research at Wedbush Securities, discusses the tech sector's strong performance despite NVIDIA's earnings stumble. He upgrades several AI-focused software companies, including Snowflake and Elastic, predicting significant growth driven by the AI revolution.

Persons: Dan Ives Organizations: Global, of Technology Research, Wedbush Securities

☆ Analysts see Apple AI efforts boosting sales for a business you might not expect
▼ + stars: | 2024-11-25 | by ( Morgan Chittum | ) www.cnbc.com time to read: +7 min

The results showed that 78% of prospective buyers of AI-enabled iPhones would pay a monthly subscription to get unlimited access to Apple Intelligence features. Similar to Morgan Stanley, the Melius analysts pointed to the delayed release of Apple Intelligence. Similar to Morgan Stanley and Melius, we see Apple's iPhone upgrade cycle as a story in the coming quarters, rather than right now. Don't trade Apple." With the delayed rollout of Apple Intelligence, it's clear to us that users may take longer to switch up to newer models.

Persons: Morgan Stanley, iPhones, gamed, Said, Melius, Jim Cramer, Morgan Stanley's, Jim, It's, Apple's, Donald Trump's, Jim Cramer's Organizations: Apple Intelligence, Huawei, Apple, Research, Management, CNBC, Nurphoto, Getty Locations: China, India, Manhattan , New York

☆ Microsoft’s massive Outlook and Teams outage has gone on for hours
▼ + stars: | 2024-11-25 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +1 min

New York CNN —Microsoft said Monday that it has identified the cause of a major Outlook and Teams outage, and is deploying a fix to the problem. As of noon ET Monday, outage-tracking site Downdetector showed more than 5,000 user-reported problems, though this data doesn’t fully reflect the scale of the outage. Around noon, the company said the fix had reached “approximately 98% of the affected environments,” though reports on Downdetector kept increasing. The outage has hindered many office workers – though some US users on X celebrated the small break ahead of the Thanksgiving holiday weekend. Tech outages have had dire effects around the world this year, though Microsoft’s case isn’t as widespread in comparison.

Persons: We’ve, Downdetector, what’s Organizations: New, New York CNN, Microsoft, Tech, Fortune Locations: New York

☆ Zoom surpasses expectations as it calls for another quarter of single-digit growth
▼ + stars: | 2024-11-25 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Eric Yuan, founder and CEO of Zoom Video Communications, speaks at Concordia Annual Summit in New York on Sept. 25, 2024. The company reported 192,400 enterprise customers in the quarter, up 800 from the previous quarter. In August, Zoom said it was looking for $5.29 to $5.32 per share and revenue between $4.630 billion and $4.640 billion. During the quarter, Zoom said in the first half of 2025 it will release a premium Custom AI Companion that could connect to corporate glossaries and services such as ServiceNow and Workday . The company also said its corporate name is changing from Zoom Video Communications to Zoom Communications Inc.Executives will discuss the results with analysts on a conference call starting at 5 p.m.

Persons: Eric Yuan, Covid, LSEG, Zoom, Chris Grisanti Organizations: Zoom Video Communications, Concordia, Zoom Communications Inc Locations: New York

☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Tesla, Palantir, Robinhood, MicroStrategy, Target, Amazon & more
▼ + stars: | 2024-11-25 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Monday's biggest calls on Wall Street: Bernstein reiterates MicroStrategy as outperform The firm raised its price target on the stock to $600 per share from $290. " Morgan Stanley upgrades Banco Santander to overweight from equal weight The firm said the bank has a "resilient regional footprint." Morgan Stanley upgrades Robinhood to overweight from equal weight The firm said Robinhood is a Trump election beneficiary. Morgan Stanley upgrades KinderCare to overweight from equal weight Morgan Stanley said shares are compelling at current levels for the daycare company. Morgan Stanley reiterates Apple as overweight Morgan Stanley said it's survey checks "reinforce [the] multi-year iPhone upgrade thesis."

Persons: Bernstein, MicroStrategy, Morgan Stanley, Oppenheimer, Robinhood, Trump, HOOD, it's, Telsey, Apple, Goldman Sachs, Berkley, it's bullish, Tesla, TD Cowen, D.A, Davidson, Rosenblatt, Wedbush, Palantir, PLTR, Wolfe, Jones Lang Lasalle Organizations: Banco Santander, Caixabank, ING, Citi, U.S, Bancorp, UBS, Arm Holdings, BMO, Apple Intelligence, CVS, Bank of America, Shoals Technologies, Procter, Gamble, China, China EV, Nvidia, FedEx Locations: Santander, China

☆ Why it could be time to play AI through software instead of hardware
▼ + stars: | 2024-11-25 | 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 EmailWhy it could be time to play AI through software instead of hardwareEric Hippeau, Lerer Hippeau managing partner, joins CNBC's 'Money Movers' to discuss playing AI through software, the impact of Trump's election win on the private market, and more.

Persons: Eric Hippeau, Lerer

☆ Israel says missing rabbi was killed in UAE in 'antisemitic terrorist' murder
▼ + stars: | 2024-11-24 | by ( Freddie Clayton | Freddie Clayton Is A Freelance Journalist Based In London. | ) www.nbcnews.com time to read: +3 min

A missing Israeli-Moldovan rabbi has been found dead in the United Arab Emirates, in what Israel called an antisemitic murder on Sunday. The Israeli government said the death of Rabbi Zvi Kogan, who has been missing in the Gulf state since Thursday, was a "criminal antisemitic terrorist event." A man walks past Rimon Market, a Kosher grocery store managed by the late Rabbi Zvi Kogan, in Dubai, United Arab Emirates, on Sunday. The United Arab Emirates government gave no immediate comment or acknowledgment that Kogan had been found dead. Jamshid Sharmahd, an Iranian-German software developer living in California, was kidnapped in 2020 during a stopover in the United Arab Emirates and taken to Iran.

Persons: Rabbi Zvi Kogan, Benjamin Netanyahu, “, ” Chabad, ”, Jon Gambrell, Isaac Herzog, Kogan, Zvi Kogan, Jamshid Sharmahd, Netanyahu’s Organizations: Moldovan, United Arab, Chabad Lubavitch, Jewish, Lubavitch, Israel’s National Security Bureau, Sunday, United Arab Emirates, Emirati Interior Ministry, NBC News, UAE's Ministry of Foreign Affairs, Israel, The UAE Locations: United Arab Emirates, Israel, Gulf, Abu Dhabi, New York, UAE, Dubai, Iran, Gaza, Lebanon, The, Iranian, California

☆ One of Trump's cabinet picks shows how making it easier to build homes is a rare point of bipartisan agreement
▼ + stars: | 2024-11-24 | by ( Eliza Relman | ) www.businessinsider.com time to read: +5 min

Doug Burgum, Trump's nominee for Secretary of the Interior and "energy czar," won praise from pro-housing advocates from both parties earlier this year when he made the case for denser, more walkable, mixed-use communities. Advertisement"He's been a champion of zoning reform and parking reform and transportation reform," Chuck Marohn, the founder of the urbanism nonprofit Strong Towns, told Business Insider. Doug Burgum — President-elect Donald Trump's pick to lead the US Department of Interior — reflects the growing bipartisanship around deregulating housing. At the same time, the housing shortage has begun to impact communities across the country rather than just large coastal metros. While Republicans use language about private property rights, free markets, and deregulation to make a case for YIMBY policies, Democrats talk about racial equity and environmental sustainability, Nolan Gray, research director for California YIMBY said.

Persons: Doug Burgum, Donald Trump's, Burgum, Chuck Marohn, it's, Doug Burgum —, US Department of Interior —, Scott Olson, Marohn, millennials, It's, Bryan Caplan, Nolan Gray, California YIMBY, Gray, Emily Hamilton Organizations: North Dakota Gov, homebuilding, US Department of Interior, George Mason University, Democrats, Republican Locations: Fargo, Bismarck, Strong, California

☆ Elon Musk has a 'serious conflict of interest' due to xAI and his relationship with Trump, LinkedIn cofounder says
▼ + stars: | 2024-11-24 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +3 min

AdvertisementLinkedIn cofounder Reid Hoffman hopes a second Trump term can usher in an era of AI innovation. Hoffman warned that Elon Musk shouldn't use his relationship with Donald Trump to boost xAI. LinkedIn cofounder Reid Hoffman said Elon Musk has a "serious conflict of interest" when it comes to guiding a second Trump administration on AI policies in the US. Hours after the FT published the op-ed, Musk responded to an X post unrelated to Hoffman's column, criticizing people who post on LinkedIn. AdvertisementHoffman, who is also the cofounder of Inflection AI, shared his hopes and concerns for Trump's second term in the FT op-ed.

Persons: Reid Hoffman, Hoffman, Elon, Donald Trump, Elon Musk, Musk, Trump, Kamala Harris Organizations: Trump, Financial Times, LinkedIn, Biden Administration, Trump White, PayPal, Confinity, Republican Party, of Government Locations: America

☆ 6 things we’re watching in the stock market in the holiday-shortened trading week ahead
▼ + stars: | 2024-11-24 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

While the magnitude of the guidance beat was perhaps not enough to satiate the most demanding of bulls, the stock was flat on the week. Our other cybersecurity stock, CrowdStrike , is one of the main events of this holiday-shortened week on Wall Street. We added to our CrowdStrike exposure last week after the stock came under pressure due to increased geopolitical tensions . ET: Pending Home Sales Thursday, Nov. 28 Stock market closed for Thanksgiving holiday Friday, Nov. 29 Stock market closes early at 1 p.m. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Donald Trump's, HomeGoods, Tuesday's, Trump, We'll, LSEG, CrowdStrike, Dow Jones, —, Jim Cramer's, Jim Cramer, Jim Organizations: Nvidia, Dow Jones, Nasdaq, Dow, Companies, Palo Alto Networks, Federal, Home, Palo, Body, Fluence Energy, Agilent Tech, Abercrombie, Fitch, DICK'S Sporting, Dell Technologies, Autodesk, HP, Urban Outfitters, Nordstrom, Jim Cramer's Charitable, CNBC, The New York Stock Exchange, NYSE Locations: Maxx, U.S, Burlington

☆ Goldman Sachs says these 11 stocks are next in line to benefit from the AI wave as Magnificent 7 dominance starts to fade
▼ + stars: | 2024-11-24 | by ( Christine Ji | ) www.businessinsider.com time to read: +4 min

Just seven stocks have fueled much of the market's rally: Amazon, Apple, Alphabet, Microsoft, Meta, Nvidia, and Tesla. Move over, Magnificent SevenAfter an incredible two-year rally, it's may be difficult to see the Magnificent Seven cooling off. For context, the Magnificent Seven outperformed the rest of the S&P 500 by 22% so far this year and 63% in 2023. "And so our analysis is there's potential for multiple expansion in those stocks," Kostin added. To find companies likely to see enhanced revenues from AI, Goldman Sachs analyzed recent messaging from company management regarding AI rollout.

Persons: Goldman Sachs, Tesla, David Kostin, Kostin, That's, Goldman Organizations: Microsoft, Meta, Nvidia, Digital Realty

☆ This is the biggest question in AI right now
▼ + stars: | 2024-11-24 | by ( Lakshmi Varanasi | Lloyd Lee | ) www.businessinsider.com time to read: +4 min

AdvertisementAI leaders are rethinking data-heavy training for large language models. Traditional models scale linearly with data, but this approach may hit a dead end. Now, AI leaders are rethinking the conventional wisdom about how to train large language models. The focus on training data arises from research showing that transformers, the neural networks behind large language models, have a one-to-one relationship with the amount of data they're given. The money going into AI has largely hung on the idea that this scaling law "would hold," Scale AI CEO Alexandr Wang said at the Cerebral Valley conference this week, tech newsletter Command Line reported.

Persons: Alex Voica, Mohamed, Alexandr Wang, It's, Aidan Gomez, Gomez, Richard Socher, we're, Kevin Scott, Waleed Kadous, Uber Organizations: Meta, Google, University of Artificial Intelligence, Command, Microsoft, Sequoia Capital's, OpenAI's o1, o1 Locations: University, ChatGPT, gpt

☆ Software company providing services to US and UK grocery stores says it was hit by ransomware attack
▼ + stars: | 2024-11-24 | by ( Sean Lyngaas | ) edition.cnn.com time to read: +2 min

CNN —A major software supply-chain company, which counts US and UK grocery stores and Fortune 500 firms as clients, said it was hit by a ransomware attack this weekend. A Blue Yonder spokesperson did not answer questions about which clients were affected, including those in the United States. “On November 21, 2024, Blue Yonder experienced disruptions to its managed services hosted environment, which was determined to be the result of a ransomware incident,” Blue Yonder said in an initial public statement on Friday. Some of the biggest US grocery chains use Blue Yonder, including Albertsons — the parent company of chains like Safeway and Jewel-Osco — and Kroger, the parent company of chains like Ralphs and Fred Meyer. Albertsons and Kroger did not immediately respond to CNN’s request for commentOther major corporations that have used Blue Yonder products or services include Proctor & Gamble and Anheuser-Busch, according to Blue Yonder press statements.

Persons: ”, Fred Meyer Organizations: CNN, Panasonic, “, Blue, Morrisons, Sainsbury, Albertsons, Safeway, Kroger, Proctor, Gamble, Anheuser, Busch Locations: an Arizona, United States, United Kingdom

☆ Hyundai announces recall of over 42,000 vehicles due to wiring issue that can cause them to roll away
▼ + stars: | 2024-11-23 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Mirna-Alsharif-Byline-Jm.Jpg | Mirna Alsharif | ) www.nbcnews.com time to read: +2 min

Hyundai Motor North America announced it will recall over 42,000 vehicles due to a wiring issue that can cause the automobiles to roll away, according to a notice issued by the National Highway Traffic Safety Administration (NHTSA) on Wednesday. The 2025 Hyundai Santa Cruz and Hyundai Tucson vehicles subject to the recall have transmissions that can shift out of “park” without the brake pedal having to be applied, increasing the risk of a crash or an injury, per the administration. All 2025 Santa Cruz and Tucson vehicles in the U.S. are subject to the recall, including over 35,500 Tucson and 6,900 Santa Cruz vehicles. In early November, it was discovered that the wiring issue that caused the issue with the Tucson vehicle may also have impacted Santa Cruz vehicles. This prompted a review from the North America Safety Decision Authority on Nov. 13 and a recall of the vehicles.

Organizations: Hyundai, North America, National, Traffic Safety Administration, Santa Cruz, NHTSA, Tucson, American Safety Office, North America Safety Locations: Santa, Hyundai Tucson, Santa Cruz, Tucson, U.S

☆ I got an in-store Apple Intelligence demo. Here are some useful features I hadn't spotted.
▼ + stars: | 2024-11-23 | by ( Jordan Hart | ) www.businessinsider.com time to read: +4 min

AdvertisementI visited an Apple store to get a rundown of all that Apple Intelligence is offering. I visited an Apple store on Thursday morning for an Apple Intelligence tutorial. Jordan Hart/BII was impressed by Math Notes when Apple first demonstrated it at WWDC, but it was unclear which phase of Apple Intelligence it would be included in. There's also the Tips appIf you can't make it to an Apple store for a rundown, there's always the Tips app with a section on Apple Intelligence. I went through it while first exploring Apple Intelligence, but the hands-on demo in a store gave me some more details.

Persons: I've, aren't, Max isn't, you've, might've, Jordan Hart, There's, there's Organizations: Apple, Apple Intelligence, Worldwide, Conference

☆ Welcome to the mullet market: Steady benchmarks in the front, crypto party in the back
▼ + stars: | 2024-11-23 | by ( Michael Santoli | ) www.cnbc.com time to read: +7 min

This market is starting to summon the lighthearted take on a mullet haircut: business in the front, party in the back. BTC.CM= YTD mountain Bitcoin, YTD Every bullish argument for bitcoin comes down to "More people will soon have more ways to buy more of it." I've tracked the interplay between bitcoin and Nvidia shares for a while. The market's immediate response was simply to allow Nvidia to hold onto the $2.3 trillion in market value it's added this year, but not to pile on more. Meaning the current pace of new money entering these funds is not as heavy relative to total market value as it was nearly four years ago.

Persons: Trump, bitcoin, I've, John Roque, Warren Pies Organizations: Nasdaq, Nvidia, Nvidia ramped, Vanda Research, Trump, 22V Research, Bloomberg, Federal Reserve, 3Fourteen Research Locations: lockstep, bitcoin

☆ Microsoft CEO Satya Nadella says the company needs a 'culture change' after security failures
▼ + stars: | 2024-11-23 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +2 min

AdvertisementMicrosoft CEO Satya Nadella called for a culture change amid the company's security challenges. Microsoft has accepted responsibility for security flaws, acknowledging breaches by hackers. Microsoft, the world's largest software maker, doesn't have the best track record regarding security. Microsoft CEO Satya Nadella says the company needs to change that. Since taking the helm in 2014, Nadella has been known for leading empathetically and emphasizing that change wouldn't come from blaming employees.

Persons: Satya Nadella, Brad Smith, Nadella Organizations: Microsoft, US Department of Homeland Security, Department of Homeland Security, Wired, Business Locations: CrowdStrike, Russian

☆ Microsoft is finally testing its Recall photographic memory search feature. It's not perfect
▼ + stars: | 2024-11-23 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Microsoft on Friday started letting people test Recall, its so-called photographic memory search feature for the latest Copilot+ PCs. Microsoft first touted Recall in May as a prominent feature that would only be available for cutting-edge Copilot+ PCs running the Windows 11 operating system, like the latest Surface Pro. A backlash from cybersecurity experts about the potential risks of Recall, however, led Microsoft to revamp it. Copilot+ PCs with AMD or Intel chips are out of luck for now. WATCH: Microsoft to release controversial Windows Recall AI search feature to testers in October

Persons: It's, you've Organizations: Microsoft, Pro, Qualcomm, Windows, AMD, Intel Locations: New York

☆ Hyundai announce recall of more than 42,000 vehicles due to wiring issue that can cause them to roll
▼ + stars: | 2024-11-23 | by ( Mirna Alsharif | ) www.cnbc.com time to read: +3 min

Hyundai Motor North America announced it will recall more than 42,000 vehicles due to a wiring issue that can cause the automobiles to roll away, according to a notice issued by the National Highway Traffic Safety Administration (NHTSA) on Wednesday. The 2025 Hyundai Santa Cruz and Hyundai Tucson vehicles subject to the recall have transmissions that can shift out of "park" without the brake pedal having to be applied, increasing the risk of a crash or an injury, per the administration. All 2025 Santa Cruz and Tucson vehicles in the U.S. are subject to the recall, including more than 35,500 Tucson and 6,900 Santa Cruz vehicles -- around 1% of the vehicles are estimated by the NHTSA to have the defect. In early November, it was discovered that the wiring issue that caused the issue with the Tucson vehicle may also have impacted Santa Cruz vehicles. This prompted a review from the North America Safety Decision Authority on Nov. 13 and a recall of the vehicles.

Organizations: Hyundai, Angeles Auto, Los Angeles Convention Center, North America, National, Traffic Safety Administration, Santa Cruz, NHTSA, Tucson, American Safety Office, North America Safety Locations: Los Angeles , California, Santa, Hyundai Tucson, Santa Cruz, Tucson, U.S

☆ Activist Ananym has a list of suggestions for Henry Schein. How the firm can help improve profits
▼ + stars: | 2024-11-23 | by ( Kenneth Squire | ) www.cnbc.com time to read: +8 min

Henry Schein is a leading global distributor of health-care products and services primarily to office-based dental and medical practitioners. Health care distribution covers Henry Schein's distribution of dental and medical products, such as laboratory products, pharmaceuticals, vaccines, surgical products, dental specialty products and diagnostic tests. While Henry Schein has successfully carved into the office-based physician niche as the No. Henry Schein is a great company that has gotten sleepy and been allowed to coast when it could have been soaring. Several directors have been in their seats at Henry Schein for over a decade and the board lacks best-in-class distribution expertise.

Persons: Henry Schein, Charlie Penner, Alex Silver, Schein's, Henry Schein's, Patterson, Benco, Schein, Stanley Bergman, Ananym, Ken Squire Organizations: Ananym Capital Management, Jana Partners, P2 Capital Partners, Cardinal Health, 13D Locations: New York, EBITDA ., EBITDA

☆ Amazon to invest another $4 billion in Anthropic, OpenAI’s biggest rival
▼ + stars: | 2024-11-22 | by ( Hayden Field | Hayden Field Is A Cnbc Reporter | ) www.nbcnews.com time to read: +3 min

Amazon on Friday announced it would invest an additional $4 billion in Anthropic, the artificial intelligence startup founded by ex-OpenAI research executives. Anthropic is the company behind Claude — one of the chatbots that, like OpenAI’s ChatGPT and Google’s Gemini, has exploded in popularity. In March, Amazon’s $2.75 billion investment in Anthropic was the company’s largest outside investment in its three-decade history. The companies announced an initial $1.25 billion investment in September 2023. In September, Anthropic rolled out Claude Enterprise, its biggest new product since its chatbot’s debut, designed for businesses looking to integrate Anthropic’s AI.

Persons: Claude chatbot, Claude —, Claude, It’s, Anthropic, Jared Kaplan, Kaplan, Claude Enterprise Organizations: Microsoft, Meta, AWS, Amazon’s, CNBC, Google Locations: Anthropic, Amazon, San Francisco

Search resuls for: "Software"

25 mentions found