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☆ The 16 most valuable global AI companies in sports, plus other takeaways from new data on VC investment in the sector
▼ + stars: | 2023-10-19 | by ( Margaret Fleming | ) www.businessinsider.com time to read: +6 min

While generative AI startups are attracting more investment overall, 2023 could be a notably slow year for venture capital investment in sports AI following several years of activity, according to new data from PitchBook. The year could mark the lowest level of investment in the sector since 2018 when PitchBook tracked just under $200 million in VC activity. Both those years had 114 VC investments, compared to just 54 in 2023 through mid-October, PitchBook data shows. These are the top 16 highest-valued sports AI companies globally in 2023, according to PitchBook:1) SigmaStar — $4.55 billion. The Beijing-based computer vision technology company offers solutions in sports and health, evaluating movement in real-time, according to its website.

Persons: PitchBook, Hudl, STATSports, Creatz, Ligatech, Simplebet, Zepp Organizations: Yi Technology, WSC Sports, Cleveland Cavaliers, Kakao, Arsenal FC, US, National Soccer Team, Duke University, Kansas City Chiefs, Ligatech, Tempus, Francisco's Tempus, Chelsea FC, NFL, Sports, NBA, MLS, Premier League, AI Research Locations: deepfakes, Beijing, Israel, New York, Korean, Europe, Mexico, Lincoln , Nebraska, Northern Ireland, Shanghai, PitchBook, Los Angeles, China, Vancouver

The AI boom has triggered a surge in spending on data centers. The AI boom has supercharged a wave of spending on data centers. AdvertisementAdvertisementThe data center boom is set to double or triple the amount of energy consumed by these data centers. A recent Cowen research report estimated that AI data centers could require more than five times the power of traditional facilities. Amazon does not disclose how many data centers it occupies, where they are located, or how much electricity they consume.

Persons: —, ChatGPT, it's, Jonathan Gray, Cowen, Marc Ganzi, Shaolei Ren, Tom Keane, Keane, Bernstein, Mark Moerdler, Jahi, Matt McCollister, Pena Popo, Blackstone, Karla Moran, Moran Organizations: Service, McKinsey, Nvidia, UC Riverside, Microsoft, Washington, Getty, Lincoln Property Company, Harrison Street, Google, Meta, Amazon, Blackstone, Income Trust, QTS Realty Trust, Amazon Web Services, AP, Phoenix Locations: America, Rural America, Loudoun Meadows, Aldie , VA, Ohio, New Albany, Columbus, Northern Virginia, Dallas, Phoenix, Silicon Valley, Chicago, Washington, DC, Virginia, New York City, Salt

☆ Applied Digital beats first-quarter revenue estimates
▼ + stars: | 2023-10-09 | by ( ) www.reuters.com time to read: 1 min

Oct 9 (Reuters) - Applied Digital (APLD.O) beat Wall Street estimates for first-quarter revenue on Monday, as rapidly growing generative artificial intelligence (AI) technology boosted demand for the company's data centers. Shares of the company rose 2.5% in premarket trading. The Dallas, Texas-based company reported revenue of $36.3 million for the quarter ended Aug. 31, compared with analysts' average estimate of $33.8 million, according to LSEG data. Reporting by Jaspreet Singh in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

Persons: Jaspreet Singh, Shailesh Organizations: Thomson Locations: Dallas , Texas, Bengaluru

☆ Inside the consulting industry's race to become AI rainmakers
▼ + stars: | 2023-10-04 | by ( Tim Paradis | ) www.businessinsider.com time to read: +9 min

Big consulting companies are racing to add to their offerings around artificial intelligence. That's the bet consulting companies have been making as they rush to build out their generative AI offerings. To help companies figure out how to use AI, the consulting giants are racing to scoop up companies that specialize in the technology. Consulting firms' push to bulk up on AI comes as many workers are worried that AI bots will snatch their jobs . That same month, Deloitte introduced a set of services called Quartz AI to help clients use technology like GenAI.

Persons: —, they're, OpenAI's ChatGPT, They're, Sawhney, ChatGPT, Steve Chase, he's, Chase, EY EY, EY, PwC PwC, PwC, Shannon Schuyler, Bain, BCG Organizations: Service, Accenture, McKinsey, PriceWaterhouseCoopers, Northwestern University's Kellogg School of Management, Deloitte, LinkedIn, Fortune, KPMG, Microsoft, KPMG US, Bain Bain & Company, Boston Consulting, OpenAI, Deloitte Deloitte, Nvidia, QuantumBlack, QuantumBlack Labs Locations: Mexico

A smartphone with a displayed Intel logo is placed on a computer motherboard in this illustration taken March 6, 2023. Programmable chips sit between Intel's general purpose chips and chips that are designed for a single task and used in everything from encrypting data to 5G wireless telecommunications equipment. Intel said Sandra Rivera, an Intel veteran, will oversee the new unit, which will keep using Intel's factory to make its chips. Programmable chips are used in defense applications such as fighter jets. The deal follows Intel's earlier moves to sell its memory chip unit to SK Hynix and take public part of its Mobileye self-driving car chip unit.

Persons: Dado Ruvic, Sandra Rivera, Rivera, Pat Gelsinger's, Michael Ashley Schulman, Stephen Nellis, Samrhitha, Shilpi Majumdar, David Gregorio 私たち Organizations: REUTERS, Intel, Nvidia, Devices, SK Hynix, Taiwan Semiconductor Manufacturing, Running, Capital Advisors Locations: Taiwan, North America, San Francisco, Bengaluru

Ever pack workout clothes for a vacation — only to unpack them, unworn, upon returning home? Data from exercise apps, which track users' physical locations and search history, show travelers tend to be more active in some locations more than others. Fitness app Strava shows travelers tend to exercise when they visit smaller cities in Europe. Conversely, the company's data shows travelers are less active, compared to locals, in parts of the Caribbean and Central America, namely:Trinidad and TobagoDominican RepublicPhilippinesVenezuelaCosta RicaThose who struggle to exercise on vacation can take heart in knowing that even active travelers tend to ease up from their usual routines on holiday. Nearly four in 10 runners cut their running times by at least 30% during their summer vacations in 2022, according to Strava's data.

Organizations: Portugal Las Palmas, Spain Nord, Trinidad and Tobago Locations: Europe, Split, Croatia Dodecanese, Greece Lagos, Portugal, Spain, Aurdal, Norway, Nord, Norway's, Lillehammer, Caribbean, Central America, Trinidad and, Trinidad and Tobago Dominican Republic Philippines Venezuela Costa

☆ Olive oil prices surge over 100% to record highs, sparking cooking oil thefts
▼ + stars: | 2023-09-19 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +3 min

Bottles of olive oil and sunflower oil at a Mercadona SA supermarket in Barcelona, Spain. Bloomberg | Bloomberg | Getty ImagesOlive oil prices spiked to fresh records as severe droughts in major producing countries crimp supplies — and drive up thefts in cooking oil. Spain, the world's largest producer and exporter of olive oil, has been battered by an intense drought for months. Olive oil thievesPrices of olive oil in Spain's Andalusia soared to €8.45 ($9.02) per kilogram in September, Mintec's benchmark showed. Shortly before that, thieves made off with 6,000 liters of extra virgin olive oil worth €50,000 from Terraverne oil mill, Spanish newspaper El Munco said.

Persons: Kyle Holland, Marin Serrano El Lagar, El Munco Organizations: Mercadona SA, Bloomberg, Getty, United States Department of Agriculture, CNBC, International Olive Council Locations: Barcelona, Spain, Italy, Greece, Spain's Andalusia, Spanish

☆ Defensive stocks for worried investors to buy if upcoming threats rattle the market
▼ + stars: | 2023-09-19 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

With the market on edge ahead of the Federal Reserve's decision on interest rates, here's a way to play it safe. In anticipation of the Fed's decision, stocks are losing their momentum this week while oil prices surge and consumer sentiment sours. These stocks have a dividend yield of greater than 3% and are still in the green this year, making them a strong hedge against potential near-term volatility. Oil and natural gas producer Coterra Energy has the highest dividend yield of the list and has popped 12% so far this year. The company also offers a dividend yield of 3.83%.

Organizations: Federal, CNBC Pro, Coterra Energy, Digital Realty Trust, Essex Property Trust, Business Machines, Hasbro Locations: Central, Essex, U.S

☆ Elon Musk inadvertently started beef with Ice Cube after a seemingly innocuous meme, which led the rapper to compare Twitter to a flaming dumpster
▼ + stars: | 2023-09-15 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

Elon Musk posted an apparently innocent meme joking about Ice Cube's name. X has dealt with mounting difficulties since Musk took over the platform. The X owner shared a seemingly innocuous image on his platform, captioned: "Remember Ice Cube? Since Musk took over Twitter last November, the company has faced mounting difficulties. Ice Cube previously provoked controversy on Twitter in 2020 after sharing a number of anti-Semitic images and conspiracy theories.

Persons: Elon Musk, Musk, Elon, didn't, Walter Isaacson's, Isaacson Organizations: NWA, Twitter, Service, Fidelity Locations: Wall, Silicon, Sacramento, Portland , Oregon

☆ JPMorgan says Oracle could have more downside ahead following earnings sell-off
▼ + stars: | 2023-09-13 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Oracle could see more pain ahead, even when accounting for Tuesday's slide, according to JPMorgan. Analyst Mark Murphy downgraded the cloud stock to neutral from overweight and cut his price target by $12 to $100. Oracle offered mixed results for its fiscal first quarter Monday, with the company missing consensus expectations of analysts polled by LSEG for revenue despite beating on earnings per share. Oracle now also has raised concerns about its ability to execute on a data center buildout that could hamper cloud growth. And though there's reasons to be excited about AI, he did note a survey of CIOs left "room for improvement."

Persons: Mark Murphy, Murphy, there's, It's, CIOs, There's, — CNBC's Michael Bloom Organizations: Oracle, JPMorgan, LSEG, Wall

☆ TikTok hires Britain's NCC for auditing data security
▼ + stars: | 2023-09-05 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Mike Blake/File Photo Acquire Licensing RightsCompanies NCC Group PLC FollowSTOCKHOLM, Sept 5 (Reuters) - TikTok has hired British cybersecurity firm NCC (NCCG.L) to audit its data controls and protections, and provide independent verification, as part of the social media company's data security regime, nicknamed "Project Clover". As part of the regime, TikTok is opening three data centres - two in Ireland and one in Norway to store user data in Europe. The first Irish datacenter is already online and TikTok has started to migrate data. In the coming months, TikTok and NCC said they will engage with policymakers across Europe to explain how the system will work in practice. TikTok announced Project Clover in March amid growing pressure from lawmakers on both sides of the Atlantic over data security.

Persons: Mike Blake, TikTok, Elaine Fox, Clover, Supantha Mukherjee, Ed Osmond Organizations: REUTERS, NCC, Thomson Locations: U.S, Culver City , California, STOCKHOLM, British, Ireland, Norway, Europe, Stockholm

☆ Top Wall Street analysts pick these 5 stocks for compelling returns, including Nvidia
▼ + stars: | 2023-09-03 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +7 min

Nvidia | via ReutersThe macro backdrop is looking challenging as September begins, but analysts have highlighted several stocks that they feel confident about for the long term. Here are five attractive stocks, according to Wall Street's top experts, as rated by TipRanks, a platform that ranks analysts based on their past performance. The company recently reported its fiscal second-quarter results, which crushed Wall Street's expectations, as revenue more than doubled compared to the prior-year quarter. Management expects sequential revenue growth to accelerate in the fiscal third quarter, fueled by AI and cloud infrastructure. He expects the company's AI initiatives to create value for small business owners, consumers, and taxpayers, driving long-term growth and improved profitability.

Persons: INTU PANW, Wall, Harlan Sur, Sur, Ross Seymore, MRVL, Seymore, Keith Bachman, billings, Bachman, Brad Zelnick, Zelnick Organizations: Nvidia, TipRanks, JPMorgan, Marvell Technology, Management, Deutsche Bank, Automotive, Marvell, Palo Alto, Palo Alto Networks, BMO Capital, Palo, Intuit Financial, Intuit Locations: Santa Clara , California, Palo, billings, Palo Alto

☆ Analysts see AI boosting Marvell, but warn of other headwinds for the chip stock
▼ + stars: | 2023-08-25 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Wall Street sees a clear opportunity for Marvell Technology to benefit from the artificial intelligence craze. The semi stock retreated more than 4% in premarket trading despite slightly exceeding Wall Street expectations in its quarterly report delivered Thursday. Bank of America analyst Vivek Arya lowered his price target by $5 to $75 but kept his buy rating. And UBS analyst Timothy Arcuri reiterated that Marvell is a favorite AI play with a $75 price target. Moore kept his equal-weight rating while pulling his price target back by $3 to $65.

Persons: Marvell, Refinitiv, Nvidia, Piper Sandler, Harsh Kumar, Goldman Sachs, Toshiya Hari, Hari, Vivek Arya, Arya, Raymond James, Srini Pajjuri, JPMorgan's Harlan Sur, Timothy Arcuri, Morgan Stanley, Joseph Moore, Moore, Michael Bloom Organizations: Marvell Technology, Bank of America, UBS, Marvell, Nasdaq, NVIDIA Locations: qtr

☆ How 5 companies are using pricing power to protect profits during high inflation
▼ + stars: | 2023-08-24 | by ( Paulina Likos | ) www.cnbc.com time to read: +10 min

A select group of our Club holdings have recently demonstrated durable pricing power to protect profits during what continues to be a high inflation environment. For companies, elevated inflation means higher input costs — higher costs on the goods and services required to run their businesses. In a recent note, UBS acknowledged, "Inflation may trend back toward the Fed's target sooner than expected reducing the relative advantage of companies with pricing power." In fact, UBS believes that "companies with pricing power have the potential to outperform the broader market in the months ahead." Microsoft's pricing power comes down to the simple fact that they have positioned themselves as a core backbone of global productivity.

Persons: Andrew Bonfield, Jim Umpleby, we'll, Gamble, Gillette, Jon Moeller, Linde, Matthew White, White, Salesforce, Jim Cramer's, Jim Cramer, Jim, Procter & Gamble, Justin Sullivan Organizations: Federal Reserve, UBS, Caterpillar, Procter, Gamble, Linde, LIN, Microsoft, Construction Industries, Resource Industries, Energy, Transportation, Procter & Gamble, Health, Care, Investment, Management, Services Cloud, Cloud, Industries, CNBC, Procter & Locations: U.S, Australia, Canada, New Zealand, Greenbrae , California

☆ Amazon built a data center empire in northern Virginia. Exclusive filings reveal it's using as much energy as a major city.
▼ + stars: | 2023-08-16 | by ( Daniel Geiger | Ellen Thomas | ) www.businessinsider.com time to read: +16 min

Amazon does not disclose how many data centers it occupies, where they are located, or how much electricity they consume. Many of Amazon's data centers listed in the permits have been built recently and some may still be under construction. "You cannot run a data center based on the variability of solar and wind," Boston said. Any producer of renewable energy can sell one REC for every megawatt hour of renewable energy it generates. Brady, the Cushman & Wakefield data center executive, said that data centers often match their backup generation to the capacity of a data center's power supply.

Persons: Shaolei Ren, David Ward, Abraham Silverman, Sean Brady, Glenn Youngkin, Steve Helber, Terry Boston, –, Ben Hertz, Wood Mackenzie, Andy Jassy Mike Blake, Amazon's, Priya Barua, We've, Barua, Blackstone, Weston Swenson, Brady, Swenson, Josh Levi Organizations: Amazon, Washington DC, Amazon Web Services, UC Riverside, Columbia University's Center, Global Energy, Cushman & Wakefield, Dominion Energy, France's, AP, Greenhouse Gas Initiative, Republican, State Corporation Commission, Boston, state's Department, Environmental, Reuters, Microsoft, Google, Apple, Clean Energy Buyers Association, Virginia's Department, Industry, Cushman &, Dominion, Data Center Coalition Locations: Virginia, New York City, Washington, Seattle, France, Ward, Northern Virginia, West Coast, Cushman & Wakefield, CBRE

☆ Analysts are going gaga over Nvidia before its earnings next week
▼ + stars: | 2023-08-16 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Nearly three months after Nvidia shocked Wall Street with blowout earnings and forecast thanks to accelerating AI demand , analysts are still going crazy for the chipmaker. NVDA 3M mountain Nvidia shares over the last three months Curtis justified the run-up in shares this year, noting that more companies are allocating cloud capital expenditure budgets toward AI, and Nvidia shows no signs of a "clear competitor" in the field. Raymond James analyst Srini Pajjuri said that tight supply issues could limit the near-term upside for Nvidia but that the generative AI story remains intact. He also called the steep valuation justified given the Jensen Huang -led company's dominance in AI and machine learning. While Deutsche Bank's Ross Seymore anticipates another "stunning" report and more upside from AI, he retained his hold rating on Nvidia shares.

Persons: Blayne Curtis, Curtis, Piper, Harsh Kumar, Kumar, Raymond James, Srini Pajjuri, Jensen Huang, Pajjuri, Ross Seymore, — CNBC's Michael Bloom Organizations: Nvidia, Barclays, AMD, Deutsche Locations: China

☆ Death by LLM: Stack Overflow's decline, and its plan to survive, shows the future of free online data in an AI world
▼ + stars: | 2023-08-03 | by ( Alistair Barr | Adam Rogers | ) www.businessinsider.com time to read: +12 min

Some AI models that compete against Stack Overflow were partly trained on the company's data. Online communities, like Stack Overflow and Wikipedia, thrived as hubs for experts and curious browsers to come together and share information freely. In 2021, Prosus, a major backer of Chinese tech giant Tencent, bought Stack Overflow for $1.8 billion. However, Nat Friedman, the CEO of Github through 2021, expects tech companies to pay for training data in the future. Stack Overflow is also working on new ways to measure the impact of a human's answer on the platform.

Persons: Prashanth Chandrasekar, OpenAI, Chandrasekar, coders, OpenAI's GPT, Stack, Elon Musk, Andreessen Horowitz, Sam Altman, JASON REDMOND, Jaap Arriens, GitHub, it's, chatGPT, Nasim Uddin, we're, Nat Friedman, Nat Friedman GitHub Friedman, Friedman, Axel Springer, Semafor, Prashanth Organizations: Union Square Ventures, Getty, Twitter, Publishers, Microsoft, Associated Press Locations: GPT, Prosus, AFP

☆ Burned by the European heat, travelers are seeking new destinations this summer
▼ + stars: | 2023-08-03 | by ( Monica Pitrelli | ) www.cnbc.com time to read: +6 min

'Scandi summer' trendInterest in visiting the Mediterranean dropped by 10% from June to November this year, according to data published by the European Travel Commission. watch nowA "Scandi summer" trend is evident among summer home renters too, according to Expedia Group. Shifts in SpainSpain is the most popular travel destination in the European Travel Commission's poll of more than 6,000 European travelers. A spring poll of more than 6,000 European travelers showed the No. 1 reason for choosing a travel destination was "pleasant weather conditions," according to the European Travel Commission.

Persons: Tom Marchant, Marchant, Evia, Will Vassilopoulos, Cynthia Nerangis, Peter Tomlinson, Tomlinson, InsureMyTrip, hasn't Organizations: CNBC, European Travel Commission, Expedia Group, Expedia, Costa de Cantabria, Afp, Getty, National Parks, Swiss, Istock, Travelers, LemonLime, CNBC Travel Locations: Europe, London, Finland, Norway, Sweden, Iceland, Scandinavia, Swedish, Skane, Blekinge, Edinburgh, Scotland, Riga, Latvia, Tallinn, Estonia, Smaland, Tenerife, Rimini, Spain Spain, Costa Blanca, Costa Brava, Mallorca, Costa Verde, Costa de, Basque, Greece, Rhodes, Corfu, Lofoten, Croatian, Canada, U.S, Slovenia, Italy, Puglia, Sicily, North Africa, Austrian, Lucerne, Solden, Switzerland, Morocco, Marrakech, France, Athens, Crete

☆ What happened to the Chinese travel boom everyone was waiting for? It stayed in China
▼ + stars: | 2023-07-26 | by ( Monica Pitrelli | Lisa Lucas | ) www.cnbc.com time to read: +5 min

"However, another reason is that domestic tourism has won in prestige and also in quality," Arlt told CNBC Travel. Now, Chinese travelers may be looking to venture beyond the region. "This creates business need for increased flights but has also seen increased Chinese media coverage and general interest in the region which will have knock-on effects for more general travel interest." 3 on a list of expenditures where Chinese travelers said they would increase spending this year — after dining out, and fitness and wellness. Source: Morning ConsultThis mirrors Skift's report, which shows 50% of Chinese travelers say they plan to travel internationally in the next 12 months.

Persons: Wolfgang Georg Arlt, Skift, Arlt, Scott Moskowitz, Moskowitz, Zs Organizations: Tourism Research Institute, Domestic, CNBC Travel, Reuters, Morning Locations: China, Asia, Pacific, Thailand, Singapore, Indonesia, Philippines, Europe, Central America, Antarctica, East, Northern Africa, Egypt, United States, North Africa, North America, Canada, Ukraine

☆ Google's water use is soaring. AI is only going to make it worse.
▼ + stars: | 2023-07-24 | by ( Hugh Langley | ) www.businessinsider.com time to read: +3 min

Its latest environmental report shows a 20% jump in water consumption in its data centers. Google just published its 2023 environmental report, and one thing is for certain: The company's water use is soaring. The numbers provide a stark reminder of the environmental cost of running huge data centers, which often require vast amounts of water to stay cool. The majority of the water Google is consuming right now is "potable," clean enough to be used as drinking water. In its latest report, Google said it takes "local water stress" (another way of saying scarcity) into account, and said 82% of its freshwater withdrawals in 2022 came from regions with low water stress.

Persons: Shaolei Ren, Ren, Alistair Barr Organizations: Google, University of California Locations: Riverside, Mesa , Arizona, Arizona, Mesa

☆ Here are Monday's biggest analyst calls: Apple, Netflix, Amazon, Cava, Disney, Rivian, Tesla & more
▼ + stars: | 2023-07-10 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Morgan Stanley upgrades Shockwave Medical to overweight from equal weight Morgan Stanley said shares of the cardiovascular medical device company are well positioned. Jefferies reiterates Tesla as hold Jefferies raised its price target on Tesla to $265 per shar from $185 but said it's standing by its hold rating. UBS reiterates Disney as buy UBS said it's cautious heading into Disney earnings in early August, but it's sticking with its buy rating. Morgan Stanley reiterates Netflix as equal weight Morgan Stanley raised its price target on the stock to $450 per share from $350 and said the risk/reward for Netflix is balanced. Morgan Stanley reiterates Rivian as overweight Morgan Stanley said it's standing by its buy rating on the electric vehicle company. "

Persons: Estee Lauder, Wells, Fox, Morgan Stanley, Goldman Sachs, Goldman, Charles Schwab, JMP, Schwab, KBW, it's, Jefferies, Tesla, JPMorgan, Rivian, Stifel, Oppenheimer Organizations: Citi, Estee Lauder Citi, Fox News, Nvidia, company's Data, Bank of America, UBS, Disney, Netflix, Cava, JPMorgan, Apple, Weyerhaeuser, of America, Brands, Bell, KFC Locations: BlackRock, Amazon's, GMV, CAVA

☆ Goldman Sachs raises Nvidia price target, says chipmaker is entering a new growth phase
▼ + stars: | 2023-07-10 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

NVDA YTD mountain Nvidia shares in 2023 The new price target suggests shares could gain another 16.5% from Friday's close on top of nearly tripling this year. Key to Goldman Sachs' target increase is the stronger compute power and greater numbers of graphics processing units needed to train growing large language models. From training alone, the analyst forecasts a $13 billion base case three-year revenue opportunity and a $316 billion bull case scenario. Social media could yield one of the strongest revenue opportunities, with a base case scenario calling for $1.9 billion in revenue. Along with its target increase on Nvidia, Goldman Sachs upped its price objective on overseas shares of Taiwan Semiconductor Manufacturing .

Persons: Goldman Sachs, Toshiya Hari, Hari, Bruce Lu, — CNBC's Michael Bloom Organizations: Nvidia, company's Data, Wall, Social, Taiwan Semiconductor Manufacturing Locations: Friday's

☆ Mark Zuckerberg has been accused of hypocrisy by some on social media after hiding his daughters' faces with emojis in a July 4 Instagram post
▼ + stars: | 2023-07-06 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

Mark Zuckerberg shared a family photo with his daughters' faces hidden by emojis. Meta CEO Mark Zuckerberg provoked accusations of hypocrisy from users on his platforms by censoring his childrens' faces in a family photo. It is a common practice among parents to obscure the faces of their children in social media posts for privacy reasons. On Instagram, one user got 2,800 likes commenting under Zuckerberg's post: "Even Zuck doesn't trust his platforms to put his kids faces up." Much of the ire focused on accusing Zuckerberg of hypocrisy, since Meta has been embroiled in controversies relating to its users' data.

Persons: Mark Zuckerberg, Zuckerberg, Priscilla Chan, Maxima, August Chan Zuckerberg, Aurelia —, Meta Organizations: Morning, Facebook, Meta, Cambridge, European Union Locations: America

☆ Arizona is running out of water. Big Tech data centers are partly to blame.
▼ + stars: | 2023-06-30 | by ( Alistair Barr | ) www.businessinsider.com time to read: +4 min

The area has several data centers that use lots of water. In 2021, all the company's data centers consumed 4.34 billion gallons of water. But these data centers have a part to play in Arizona's water shortage. Why do big tech companies build data centers in the middle of a desert? Microsoft said in 2021 that its Arizona data centers would use "zero water" for cooling using adiabatic cooling, which uses outside air instead of water.

Persons: Katie Hobbs, hasn't, there's Organizations: Google, Bloomberg, Microsoft, Meta Locations: Arizona, Phoenix, Mesa

☆ Nvidia downplays possible U.S. chip export restrictions
▼ + stars: | 2023-06-28 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Nvidia CFO Colette Kress downplayed the effect of the potential export restrictions at a financial conference on Wednesday, saying that they would not have an "immediate financial impact" but that further restrictions could hurt the company's growth in the future. "We are aware of reports that the U.S. Department of Commerce is considering further controls that may restrict exports of A800 and our H800 products to China," Kress said, referring to the company's chips. And the impact on our future business and financial results is there," Kress continued. Nvidia is the leader in the parts needed to build advanced AI systems, and AI engineers covet the company's A100 and new H100 chips. But according to the Journal, new Commerce Department limits could restrict the export of even those chips.

Persons: Colette Kress, Kress Organizations: Street, Nvidia, U.S . Department of Commerce, U.S, Department Locations: U.S, China, Washington

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