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☆ Ecosystem that predates the dinosaurs uncovered in the Alps by a hiker and melting snow
▼ + stars: | 2024-11-15 | by ( Hannah Peart | Hannah Peart Is An Intern In The Nbc News London Bureau. | ) www.nbcnews.com time to read: +4 min

Beneath the snowy slopes lay a prehistoric surprise: an ecosystem that predates the dinosaurs, revealed by melting snow before being stumbled upon by a hiker in the Italian Alps. Intrigued, she snapped photos and shared them with her friend, Elio Della Ferrera, a nature photographer. Della Ferrera then contacted Dal Sasso, at the museum in Milan, to learn more about the discovery. These environmental shifts contributed to the extinction of many species, which we may now encounter as fossils on a fortunate hike. “The past has much to teach us about what we risk doing to the world today,” the researchers warned.

Persons: ”, Cristiano Dal Sasso, Elio Della Ferrera, Milano Claudia Steffensen, ” Steffensen, Della Ferrera, Dal Sasso, Ausonio, Lorenzo Marchetti, Marchetti, Ronchi, Fabio Manucci, ” Ronchi Organizations: Guardian, University of Pavia, NBC, Milano Locations: Italian, Milan, Italy's Lombardy, Northern Italy, Berlin, Southern

☆ Taiwan is fast becoming a hub for outdoor adventure and wellness seekers
▼ + stars: | 2024-11-15 | by ( Joe Yogerst | ) edition.cnn.com time to read: +11 min

But rather than one of the more obvious outdoor wellness and adventure hubs, it’s actually Taiwan. “Several factors have contributed to the rapid growth of outdoor sports in Taiwan,” says Kate Chen of the Taiwan Tourism Administration. “There was a huge spike in young adults wanting to go hiking or cycling.”But it’s not just locals discovering the island’s outdoor opportunities. Floating in the South China Sea between Taiwan, Hong Kong and the Philippines, Dongsha Marine National Park offers an entirely different take on outdoor adventure. They also provide a venue for more than 100 nature trails that are part of a national trails network created in 2002.

Persons: CNN —, Topping, ”, Kate Chen of, Michael McCreesh, it’s, Krathon, Chen, Thao, Zhong, Nick Kembel, Taiwan's, “, There’s, Xiao Baiyue Organizations: CNN, Taiwan Tourism Administration, Taiwan, Wellness, Scenic Area, Recreation, Villa, Taiwan Music, Dongsha, Park, MTB, Taiwan Surf Travel, Amis Locations: Chile , New Zealand, California, it’s, Taiwan, Belgium, Massachusetts, Taroko, Te, lakeview, Taipei, Wulai, Neidong, Beitou, Kenting, Fuji, Canadian, South China, Hong Kong, Philippines, “, County, Hualien City

☆ Inside Microsoft's struggles with Copilot
▼ + stars: | 2024-11-15 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +23 min

In September 2023, Microsoft's famously soft-spoken CEO, Satya Nadella, unveiled the company's flagship AI product, Copilot, with sweeping fanfare. Some of Microsoft's own employees and executives are privately concerned that Copilot won't be able to deliver on its ambitions. Copilot's struggles have created an opening for Microsoft's rivals, some of whom have seized on the opportunity to promote their own agendas. "Now, when Joe Blow logs into an account and kicks off Copilot, they can see everything," said one Microsoft employee familiar with customer complaints. As complaints and questions over Copilot mount, so does the pressure to justify Microsoft's unprecedented level of spending on AI.

Persons: Microsoft's, Satya Nadella, Gartner, Copilot, it'll, Copilot's, Marc Benioff, Benioff, Goldman Sachs, Marc Andreessen, Andreessen Horowitz, Ethan Miller, Jared Spataro, Spataro, —, Joe Blow, Joe, Nadella, Gary Marcus, Marcus, Wile, Coyote, Brontë, Judson Althoff, Jason Zander, Zander, We've, OpenAI, Tasos Katopodis, Steve Jobs Organizations: Microsoft, Venture, Getty, Goldman, BI, Fortune, Excel, Lumen Technologies, Honeywell, Gartner, Wall Street, Initiative, Department of Homeland Security, Employees, San Francisco, Software, Apple, Jobs Locations: Microsoft's, Copilot, New York City

☆ Eric Schmidt says there's 'no evidence' AI scaling laws are stopping — but they will eventually
▼ + stars: | 2024-11-15 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

Ex-Google CEO Eric Schmidt says there's "no evidence" of an AI slowdown. AdvertisementEric Schmidt says there's "no evidence" artificial intelligence scaling laws are stopping as some in Silicon Valley worry about an AI slowdown. He said there will be "two or three more turns of the crank of these large models" over the next five years, referring to improvements in large language models. Related Video Why "deployment of AI is top of mind for everybody," according to IBM's Jonathan Adashek"There's no evidence that the scaling laws, as they're called, have begun to stop. AI scaling laws are the theoretical rules that broadly state models will continue to improve with more training data and greater computing power.

Persons: Eric Schmidt, Schmidt, LLMs, —, IBM's Jonathan Adashek, we're, OpenAI's, OpenAI, Claude, Gary Marcus, Sam Altman, Anthropic Organizations: Google, Service, Bloomberg, New York University, OpenAI, Business Locations: Silicon

☆ Peter Thiel says Elon Musk's embrace of Donald Trump helped other Silicon Valley leaders feel safe supporting him
▼ + stars: | 2024-11-15 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

Peter Thiel attributed recent Trump support in Silicon Valley, in part, to Elon Musk's efforts. Thiel told journalist Bari Weiss that Musk provided "cover" for other tech leaders to support Trump. AdvertisementBillionaire Peter Thiel credited Elon Musk, in part, with helping other tech leaders feel comfortable publicly supporting President-elect Donald Trump. Weiss asked Thiel if the Tesla CEO was "the critical ingredient" that allowed other business leaders to feel safe endorsing the divisive president. Thiel characterized the feeling inside Silicon Valley as one of growing frustration toward "corporate governance" and "how ridiculous it's gotten to manage these ideologically deranged millennial employees."

Persons: Peter Thiel, Trump, Elon, Thiel, Bari Weiss, Musk, —, Elon Musk, Donald Trump, Marc Andreessen, David Sacks, Shaun Maguire, Reid Hoffman, Ron Conway, Mark Cuban, Kamala Harris, Weiss, Tesla, Vivek Ramaswamy, It's Organizations: Service, PayPal, Trump, Department of Government, SpaceX Locations: Silicon Valley, Silicon, November's, California, Texas

☆ I've dated tech bros in San Francisco and New York. The men in one city made me never want to move back.
▼ + stars: | 2024-11-15 | by ( Tess Martinelli | ) www.businessinsider.com time to read: +7 min

San Francisco tech bros lacked consideration and were more homogenous to one another. New York City tech bros are more diverse and considerate, yet dating remains complex. I've dated tech bros in San Francisco and New York City and have found that each city attracts completely different types of men. I wasn't looking to date tech bros, it just so happened every man I went on a date with in San Francisco was. Tech bubbles exist in San Francisco and New YorkMost San Francisco tech bros I met would be dressed in their Patagonia vests and work uniforms like a copy and paste of one another.

Persons: Chloe Diaz, —, It's, Bumble, would've, I'd, Mason Margiela, They're, I've, haven't, Tess Martinelli Organizations: bros, San, Service, Arizona State University Law School, San Francisco and New, Big Tech, Spotify Locations: San Francisco, NYC, New York City, San Francisco and, San Francisco and New York City, San Francisco and New York, Patagonia, New York, York, tmartinelli

☆ CNBC's Inside India newsletter: India's growing wealth divide
▼ + stars: | 2024-11-15 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +9 min

The rise in India's income and wealth inequality is not a result of the poor getting poorer, Sumedha Dasgupta, senior analyst at the Economist Intelligence Unit (EIU) flags. India's income gap (which is the difference in wages earned between different demographic) comes alongside a worsening wealth divide too. Instead, the phenomenon comes as the "rich are getting much richer at a faster rate," she told CNBC's Inside India. India's 3 household groupsA more pressing issue brought on by India's wealth and income divide is the emergence of different categories of households with distinct standards of living. Unequal education opportunitiesThe EIU's Dasgupta attributes India's vicious wealth and income gap cycle in large part to mismatched education opportunities.

Persons: Knight Frank, Dasgupta, CNBC's, Shumita Deveshwar, Deveshwar Organizations: Economist Intelligence Unit, Blume Ventures, Oxfam, Private, Department of School Education, Global Commons Alliance, TS Lombard Locations: India, United States, Brazil, South Africa, Venture, Saharan Africa, Indian

☆ This new Goldman Sachs partner is leading the bank's strategy with young heirs and founders
▼ + stars: | 2024-11-15 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +6 min

Goldman Sachs named 95 partners last week, including private wealth exec Brittany Boals Moeller. AdvertisementBrittany Boals Moeller, one of Goldman Sachs' newly minted partners, didn't picture a career in finance when she joined the bank 17 years ago. The 39-year-old is based in Atlanta and runs the Southeast region of Goldman Sach's private wealth division. While wealth management clients skew older, the division has a pipeline of rich millennial founders who work with the investment banking arm. Goldman Sachs' family office offering, Apex, launched a few years later.

Persons: Goldman Sachs, Brittany Boals Moeller, —, I've, Goldman, Boals Moeller, John Mallory, Tucker York, Ciara, Marc, Kwesi Farrell, John Paul DeJoria, Michelle Hynik, It's Organizations: Service, New York University, Goldman, Catering, Utah Royals, Advisors Locations: Jonesboro , Arkansas, Atlanta, Apex, Deer Valley, Copenhagen, Deer

After Republican President-elect Donald Trump’s dramatic performance with Latino voters, a coalition of Democratic-leaning Latino groups is grappling with the shift and trying to reconcile it with the policies they say many Hispanics support. Along with UnidosUS, Latino-focused advocacy groups such as Voto Latino, Somos Votantes, Hispanic Federation and La Brega y Fuerza Fund sponsored a poll of Latino voters. The coalition rejected national exit poll findings showing that Trump won the majority of Latino men — 55% — to Harris’ 43%. Edison Research, which conducts national exit polling for NBC News and other news organizations, surveyed 2,750 Latino voters nationally. Thirty-seven percent of male participants in exit polling identified as white, while 6% identified as Latino in the Latino groups’ poll.

Persons: Donald Trump’s, —, Clarissa Martinez de Castro, Kamala Harris, ” Martinez de Castro, ”, Somos, Donald Trump, Anna Moneymaker, Martinez de Castro, Trump, Harris, Matt Barreto, “, Rob Farbman, Latinas, Joe Biden, Starr County, Gary Segura, ” Segura, Barreto, Carlos Odio, Vanessa Cardenas, ” Cardenas Organizations: Republican, Democratic, Democratic Party, Latino, UnidosUS, Republicans, Hispanic Federation, Brega, Fund, American Civil Liberties Union, Advancing Justice, Climate Power, Nations Development Institute, Trump, Harris ’, BSP Research, African American Research, Harvard University, American, NBC, Edison Research, NBC News, Edison, Biden, Dade, Equis Research, America’s Locations: Doral, Fla, Miami, Florida, South Texas, Rio Grande, Starr, U.S

☆ Matt Gaetz has a history of going after Big Tech. As Trump's attorney general, he'd be tasked with enforcing antitrust laws.
▼ + stars: | 2024-11-14 | by ( Erin Snodgrass | Kelsey Vlamis | ) www.businessinsider.com time to read: +5 min

Gaetz has criticized Big Tech for censoring conservatives and supports antitrust enforcement. Both the Justice Department and the FTC enforce antitrust laws that impact large tech companies. Gaetz has frequently railed against Big Tech, accusing Silicon Valley firms of censoring conservatives. The current Federal Trade Commission chair, Lina Khan, whom Trump may end up replacing, has aggressively gone after Big Tech companies. "But the hurdles for Big Tech could remain elevated," he added.

Persons: Donald Trump, Matt Gaetz, Gaetz, —, Trump, Lina Khan, Khan, JD Vance, Mark, Buchanan Ingersoll, Rooney, he's, Isaac Boltansky, Barron's, Kasten, TikTok, George Hay, Hay Organizations: Big Tech, Justice Department, Service, Senate, Florida Republican, Business, FTC, Federal Trade Commission, Nvidia, Meta, Microsoft, Wall Street Journal, China, Apple, Google, Cornell University Locations: Florida, Silicon, Silicon Valley

☆ What is the Alien Enemies Act of 1798 that Trump says he will invoke
▼ + stars: | 2024-11-14 | by ( Catherine E. Shoichet | ) edition.cnn.com time to read: +13 min

“I think a very strong argument could be made that in those situations, the Alien Enemies Act can be employed,” he says. French nationals were the original target lawmakers had in mind when they passed the Alien Enemies Act. Buyenlarge/Archive Photos/Getty ImagesWhen has the Alien Enemies Act been used before? The Alien Enemies Act does allow individuals to bring lawsuits challenging their detention, Reisz says. Some Democratic lawmakers have tried to repeal the Alien Enemies Act in recent years.

Persons: Donald Trump, John Adams, ” Trump, “, Trump, John Moore, ”, haven’t, Woodrow Wilson, Katherine Yon Ebright, Brennan, Ebright, ” Ebright, Rebecca Noble, Jean Lantz Reisz, isn’t, ” Reisz, …, ” George Fishman, Fishman, couldn’t, ” Fishman, Mae Ngai, Brennan Center’s Ebright, Ngai, —, ” Ngai, Franklin Delano Roosevelt, it’s, ‘, ’ ” Ebright, Reisz, you’re, Frederic J . Brown, Biden, He’s, ” Sen, Mazie Hirono Organizations: CNN, ”, Republican Party, New York University, Border Patrol, University of Southern California’s Gould School of Law, Department of Homeland Security, Center for Immigration Studies, Columbia University, German, Department of Justice, National Archives, Customs, Getty, Trump, Democratic Locations: France, United States, Mexico, Springs , California, New Mexico, “, Prescott Valley , Arizona, Fort Douglas , Utah, AFP, China, Hawaii

☆ I stayed in a 540-square-foot luxury tent at the edge of Africa's Serengeti National Park. The lodge was stunning, but the safari perks were the real highlight.
▼ + stars: | 2024-11-14 | by ( Monica Humphries | ) www.businessinsider.com time to read: +9 min

At the edge of Serengeti National Park sits TAASA, a luxury safari lodge. The lodge sits near three ecosystems: the Serengeti National Park, the Maasai Mara National Reserve, and the Ngorongoro Conservation Area. A pair of zebras and a lion in the Serengeti National Park in Tanzania. In Serengeti National Park, night game drives aren't permitted. I whispered the words to myself on game drives and woke up to the lyrics in my mind some mornings.

Persons: —, Jambo, Habari, Mzuri sana, TAASA's, May Simon, Simon, TAASA, Monica Humphries, Mikindo, Logolie Milya, Sam, Milya Organizations: Service, Toyota, Cruiser, Business, Mara, Reserve, Rovers Locations: TAASA, Tanzania's Lobo, Lodge, Ngorongoro, Tanzania, Ololosokwan

☆ Some of Trump's key cabinet picks provide clues to how his administration will approach the business world
▼ + stars: | 2024-11-14 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +4 min

Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementPresident-elect Donald Trump is quickly fleshing out his cabinet, giving a sense of what his second administration will look like. Now he's Trump's nominee for defense secretary. AdvertisementTreasury secretary — TBD: Trump's pick for his top economic advisor is being closely watched considering the key role the economy played in the election.

Persons: —, Donald Trump, Trump, JD Vance, Let's, — Matt Gaetz, Kevin McCarthy, Gaetz, he's, he'd, Mike Johnson, He's, State — Marco Rubio, Rubio, Pete Hegseth, Slaven Vlasic, Hegseth, Hegseth's, Scott Bessent, Howard Lutnick, Cantor Fitzgerald, Bessent, Lutnick, Dan DeFrancesco, Grace Lett, Ella Hopkins, Hallam Bullock, Amanda Yen, Milan Sehmbi Organizations: Business, Service, Trump, Republicans, Senate, Department, Justice, State, Fox News, Getty, Defense, Army Locations: Florida, Silicon, China, Taiwan, Ukraine, Russia, Poland, Israel, New York, Chicago, London

☆ It's 'liquidity, stupid': VCs say tech investing is tough amid IPO lull and 'nuts' AI hype
▼ + stars: | 2024-11-14 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

Edith Yeung, general partner at Race Capital, and Larry Aschebrook, founder and managing partner of G Squared, speak during a CNBC-moderated panel at Web Summit 2024 in Lisbon, Portugal. LISBON, Portugal — It's a tough time for the venture capital industry right now as a dearth of blockbuster initial public offerings and M&A activity has sucked liquidity from the market, while buzzy artificial intelligence startups dominate attention. And in the VC world, it's really all about liquidity stupid," Edith Yeung, general partner at Race Capital, an early-stage VC firm based in Silicon Valley, said in a CNBC-moderated panel earlier this week. When a VC makes an equity investment and the value of their stake increases, it's only a gain on paper. Yeung said the lack of IPOs over the last couple of years had created a "really tough" environment for venture capital.

Persons: Edith Yeung, Larry Aschebrook, G, Portugal —, Groq —, Yeung, there's, Big Techs Organizations: Race Capital, CNBC, Summit, Microsoft Locations: Lisbon, Portugal, LISBON, U.S, Silicon Valley

House Republicans’ razor-thin victory was propelled by Trump’s decisive win over Vice President Kamala Harris in both the Electoral College and the popular vote. So far, Republicans have captured the 218 seats needed to secure the majority to Democrats’ 208 seats. Last week, Republicans flipped three Democratic Senate seats to win control of the upper chamber. They were among the 18 GOP House districts that President Joe Biden carried in 2020. Democratic challenger George Whitesides also ousted vulnerable GOP Rep. Mike Garcia in Southern California.

Persons: Donald Trump, House Republicans ’, Trump’s, Kamala Harris, Hakeem Jeffries, Mike Johnson, Brandon Williams, Anthony D’Esposito, Marc Molinaro, Joe Biden, George Whitesides, Mike Garcia, Rob Bresnahan, Matt Cartwright, Trump, Ryan Mackenzie, Susan Wild, Scott Perry, Janelle Stelson, Perry, Elissa Slotkin, Gabe Evans, Yadira Caraveo, Sen, Lindsey Graham, It’s, Johnson, Elise Stefanik, Mike Waltz, Kevin McCarthy of, —, Steve Scalise, Tom Emmer, ” Johnson, “, ” Organizations: WASHINGTON, NBC News, Republican, Trump, House Republicans, Electoral College, Democrats, Republicans, ’, Democratic, GOP, Keystone State, Freedom, Democratic Rep, Affordable, New, New York Republican, White Locations: Washington, America, New York, Syracuse, Long, Hudson, Southern California, battlegrounds, Pennsylvania, Michigan, Keystone, Allentown, Harrisburg, Denver, Florida, Kevin McCarthy of California, Louisiana, Minnesota

☆ Ark's Cathie Wood changed Wall Street. Now, she's set her sights on venture capital.
▼ + stars: | 2024-11-13 | by ( Melia Russell | ) www.businessinsider.com time to read: +5 min

Wood's effort to do something similar for venture capital has delivered investments in many of Silicon Valley's hottest deals. SpaceX, founded by Elon Musk, is Ark Venture Fund's largest holding, accounting for 13% of the fund's total assets. SpaceX is Ark Venture Fund's largest holding, accounting for 13% of the fund's total assets, worth around $9 million. OpenAI makes up just 5% of the Ark Venture Fund's portfolio, which means it has less than $4 million invested. AdvertisementArk Venture Fund charges a flat fee for investing assets under its control, the same as a venture fund.

Persons: Cathie Wood, Brett Winton, Wood, Andreessen Horowitz, Jeff Bezos, Elon Musk, David McNew, Winton, it's, Ark, OpenAI, Donald Trump's, Morningstar, that'll Organizations: Ark Venture Fund, Ark, Investors, Ark Invest, Elon, SpaceX, Ark Venture, Epic Games, Venture Fund Locations: Sequoia

☆ Waymo opens robotaxis to anyone in Los Angeles, marking its largest expansion yet
▼ + stars: | 2024-11-12 | by ( Jennifer Elias | Jennifer Covers Google Parent Company Alphabet Inc. | Silicon Valley Culture For Cnbc.Com In San Francisco. | ) www.nbcnews.com time to read: +2 min

Alphabet-owned Waymo is removing the waitlist for its self-driving service in Los Angeles, marking its largest expansion yet. With more than 3.8 million people, LA marks the third and largest city where the company’s robotaxi service is now fully available. “Now is an exciting time to welcome everyone in Los Angeles along for the ride,” Tekedra Mawakana, co-CEO of Waymo, said in a news release Tuesday. Waymo closed a $5.6 billion funding round in October to expand its robotaxi service across the U.S. Waymo in September announced that it partnered with Uber to launch its robotaxi service in Austin, Texas, in 2025.

Persons: Tekedra Mawakana, ”, Waymo, Andreessen Horowitz, Perry, Rowe Price, That’s, Uber, ” Waymo Organizations: U.S, Google, Fidelity, Tiger Global, Hyundai Locations: Los Angeles, LA, Los Angeles County, San Francisco, Phoenix, Waymo, Silver, Austin , Texas, Korean

☆ Silicon Valley's swing toward Trump is real. Here's the data to prove it.
▼ + stars: | 2024-11-12 | by ( Rob Price | ) www.businessinsider.com time to read: +4 min

A notable portion of Silicon Valley's electorate has steadily shifted toward Donald Trump. In Santa Clara, San Mateo and San Francisco counties, Trump's voteshare increased by several points. But with more than 76% of the votes counted in San Francisco, Santa Clara, and San Mateo counties as of Tuesday, a trend is emerging. These numbers show that Trump and Republicans are still a long way off from gaining any real majorities in Silicon Valley. AdvertisementWhile Elon Musk is based in Texas these days, many of his companies, including Tesla, are still very active in Silicon Valley.

Persons: Donald Trump, San, —, Kamala Harris, Harris, Joe Biden, Hilary Clinton, Francisco county's, Trump, Democrat —, Mark Zuckerberg, Marc Andreessen, Ben Horowitz, Horowitz, Elon, Tesla, reelect Trump, JD Vance, Peter Thiel, Ben Narasin, we've, voteshare Organizations: GOP, Service, Business, San, Apple, Google, Nvidia, State, Facebook, Meta, Republican, Trump, Democrat, Democratic, Venture, PayPal, Elon Locations: Santa Clara, San Mateo, San Francisco counties, San Francisco Bay, California, San Francisco, Mateo county, Silicon Valley, Texas, Atherton, San Mateo county

☆ How 9 newly minted Goldman Sachs partners celebrated their big day, from shouting across the trading floor to popping Champagne in the office
▼ + stars: | 2024-11-12 | by ( Reed Alexander | Emmalyse Brownstein | ) www.businessinsider.com time to read: +15 min

Goldman Sachs is a leading investment bank for corporate dealmaking and trading, and its partners represent less than 1% of roughly 46,000 employees. On average, Goldman's newest partners have spent 16 years rising in the ranks, the bank said last week. "It's like a wedding and birthday wrapped up in one amazing moment that you keep reliving," one new partner said. Here's a glimpse inside the big day of nine of Wall Street's up-and-coming executives, including what they did to mark the occasion. Related storiesI happened to be stepping into a meeting with the Arthur Miller Foundation — an amazing nonprofit that supports theater teachers in schools across NYC and beyond — just as John called.

Persons: Goldman Sachs, David Solomon, —, revel, John Waldron, Wall, Rob Barlick, Robert Barlick, Goldman Sachs David, It's, that's, Lyla Bibi, Bibi Goldman Sachs, Bracha Cohen, Marco Argenti, I've, Matt Doherty, Matt Doherty Goldman Sachs, David, Kristin Olsen, Marc Nachmann, Shane Lee, Vishaal Rana, Goldman Sachs David Solomon, Aaron Siegel, Aaron Siegel Goldman Sachs, Hayley, Arthur Miller, John, –, Craig Smart, Craig Smart Goldman Sachs, Kristin, Marshall Smith, Sylvia Yeh, Sylvia Yeh Goldman Sachs, Reed Alexander Organizations: Partners, Service, Valley Bank, GS, Goldman Sachs Asset Management, Arthur Miller Foundation, Goldman Locations: Valley, Florida, America, New York, New York City, —, Goldman Sachs

☆ The common national experience that explains Trump’s 2024 gains
▼ + stars: | 2024-11-12 | by ( Ronald Brownstein | ) edition.cnn.com time to read: +15 min

Biden in 2020 did not gain ground across the country in as large a percentage of counties as Trump did in 2024. In 2020, Biden won Michigan, Pennsylvania and Wisconsin, the three former “blue wall” states that decided the election, by a combined 257,029 votes. “In 2020, Biden picks up everywhere. In 2020, Biden won only a little more than one-sixth of the nation’s counties, but the places he captured generated over 70% of the nation’s total economic output. The highest-output counties Trump flipped were almost entirely in the Sun Belt: from Hillsborough (Tampa) and Tarrant (Fort Worth) to Maricopa (Phoenix).

Persons: Donald Trump’s, Kamala Harris, Trump, Joe Biden’s, Trump hasn’t, Biden, ”, Alan Abramowitz, Harris, Harry Truman, Lyndon Johnson, Republican George W, Bush, Lynn Vavreck, “, Barack Obama, John Kerry’s, Obama, Hillary Clinton, Mitt Romney, Abramowitz, That’s, Vavreck, Trump’s, —, ” Vavreck, Mark Muro, Muro, Brookings, Elon Musk, ” Muro, NORC Organizations: CNN, Trump, Emory University, GOP, Biden, Republican, UCLA, Daily, Rural Studies, Michigan, White, Colorado and, Brookings Metro, Republicans, Democratic, Truman, Elon, Edison Research, Associated Press Locations: nation’s, nonmetropolitan, Nevada, Pennsylvania, Wisconsin, Iowa, Ohio, Colorado, Colorado and Virginia, Trump, Hillsborough, Tampa, Tarrant, Fort Worth, Maricopa, Phoenix

☆ London startup Agemo has exited stealth. Now, it's building AI reasoning for software to take on Poolside and Magic.
▼ + stars: | 2024-11-12 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +7 min

Agemo has exited stealth with $4 million to build AI that turns text prompts into software. Essentially, this required them to train their AI models to reason like a team of engineers. Agemo finds itself up against the likes of Poolside, which raised $500 million in October, and Magic, which raised $320 million in August. To combat this problem, Agemo is building AI systems that can "reason" in software. AdvertisementEurope's answer to Poolside and MagicTo differentiate it from competitors such as Poolside and Magic, the startup says it has developed a neurosymbolic AI system for software reasoning.

Persons: Agemo, Aymeric Zhuo, Osman Ramadan, —, IBM's Jonathan Adashek, Mehdi Ghissassi, Olivier Pomel, Zhuo, Ramadan, ChatGPT, we've, We've Organizations: Service, Firstminute Capital, Mistral, Fly Ventures, Cambridge University, Microsoft, Activision, BI Locations: DeepMind, OpenAI, Sudan, London, Europe, Bay

☆ Morgan Stanley partners with Carta to serve startup employees after lucrative IPOs
▼ + stars: | 2024-11-12 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +6 min

Morgan Stanley has partnered with cap-table firm Carta to reach founders before they get rich. With this new partnership, Carta will refer clients looking to go public to Morgan Stanley at Work, a division that caters to businesses and their employees. How it worksThe referral deal fills gaps for Morgan Stanley and Carta. Morgan StanleyCarta clients can access Morgan Stanley services before moving to Shareworks. Ideally, these conversations lead to employees becoming wealth management clients, Finn said.

Persons: Morgan Stanley, Jed Finn, —, Doug Martin, General Mills, Morgan, Finn, Carta, Morgan Stanley's, Morgan Stanley Carta, Carta Finn, Henry Ward, Wilson Sonsini, Ward Organizations: Service, Carta, Business, Trump Locations: Silicon, Carta, Silicon Valley

☆ Silicon Valley's General Catalyst makes first investment into Saudi Arabia through fintech Lean Technologies
▼ + stars: | 2024-11-11 | by ( Natasha Turak | ) www.cnbc.com time to read: +2 min

Silicon Valley venture capital firm General Catalyst has made its first investment in Saudi Arabia through fintech startup Lean Technologies, which just closed a Series B round worth $67.5 million. General Catalyst has $30 billion in assets under management and has backed major U.S. tech companies like Snap , Stripe and AirBnb . Lean Technologies' fundraising round also saw participation from Bain Capital Ventures, Stanley Druckenmiller's Duquesne Family Office, and Arbor Ventures, among others, bringing the Riyadh-based firm's total funding to over $100 million to date, according to a Sunday statement from the company. For three of those investors — General Catalyst, Stanley Druckenmiller and Bain Capital — this investment is their first in the kingdom. "If you look at the region's growth over the last three to five years, it's been phenomenal, but there is still so much more room for growth."

Persons: Catalyst, Stanley Druckenmiller's, Stanley Druckenmiller, Hisham Al, Falih, it's Organizations: Lean Technologies, Bain Capital Ventures, Stanley, Stanley Druckenmiller's Duquesne Family Office, Arbor Ventures, Bain Capital, CNBC Locations: Silicon, Saudi Arabia, U.S, Riyadh, Saudi

☆ Lean Technologies CEO discusses Silicon Valley's General Catalyst first investment in Saudi Arabia
▼ + stars: | 2024-11-11 | 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 EmailLean Technologies CEO discusses Silicon Valley's General Catalyst first investment in Saudi ArabiaHisham al-Falih, CEO of Lean Technologies, speaks about the first investment of Silicon Valley's General Catalyst in Saudi Arabia through his company.

Persons: Saudi Arabia Hisham al Organizations: Lean, Catalyst, Lean Technologies Locations: Saudi Arabia

☆ I chose Europe over the US for my startup. The Silicon Valley startup benchmark is unparalleled, but I still prefer Berlin.
▼ + stars: | 2024-11-11 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +7 min

Ivan Maryasin founded Monite after moving from Silicon Valley to Berlin. Here's how its startup ecosystem compares to Silicon Valley. It's hard to find people with the same values or who'll know what you're talking about when you say, "Silicon Valley benchmark." AdvertisementI like living in Europe, but wouldn't rule out returning to AmericaMost people in Silicon Valley are focused on startups and innovation. If you're all about work and want to focus 24/7, Silicon Valley is the place to be.

Persons: Ivan Maryasin, —, I'd, that's, I've Organizations: Service, Hult International Business School, San Francisco, EU, LinkedIn, Facebook, MIT, Harvard, Business Locations: Silicon Valley, Berlin, Germany, Russia, Massachusetts, America, Moscow, Europe, it's, Zurich, Barcelona, London, San Francisco, California, Monite, Silicon

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