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AdvertisementReports on an AI progress slowdown raised concerns about model scaling on Nvidia's earnings call. An analyst questioned if models are plateauing and if Nvidia's Blackwell chips could help. And could the power of Nvidia's Blackwell chips start it up again? Pre-training, post-training improvements, and new reasoning strategies all improve models, Huang said. The company said commercial shipments of Blackwell chips are just beginning.
Persons: Nvidia's Blackwell, Huang, Jensen Huang isn't, OpenAI's, Blackwell, Hopper Organizations: Nvidia, Blackwell
AdvertisementThe cost of Thanksgiving dinner has fallen for the second year in a row. It shows how shoppers are still facing high prices, even if inflation has slowed down this year. The cost of a traditional Thanksgiving dinner has fallen for the second year in a row. A Thanksgiving meal for 10 people will cost $58.08 on average this year, according to a survey of grocery store prices from the American Farm Bureau Federation. AdvertisementThis year, some retailers are selling bundles of Thanksgiving meal items while advertising them as affordable.
Persons: Zippy Duvall, Bernt Nelson, , Donald Trump's Organizations: American Farm Bureau Federation, Walmart, Discount, Aldi Locations: Puerto Rico
AdvertisementGoogle's DeepMind and YouTube previously built and shelved Orca, an AI music tool. Orca could generate music mimicking artists. Google trained it on copyrighted YouTube music videos. In November 2023, DeepMind announced a music generation AI model named Lyria, which was a pared-down version of the Orca project. AdvertisementSome employees who worked on Lyria and Orca left to found a new startup named Udio, which makes an AI music creation app.
Persons: Lizzie Widhelm, Taylor Swift, Orca, OpenAI, DeepMind, John Legend — Organizations: YouTube, Google
CNN —Social Security is by far one of the most popular government programs in the United States because it is critical for so many retirees’ financial security. More than half of non-retired US adults (53%) overall said they expect they will need to use Social Security to pay for necessary expenses, according to a new survey from Bankrate. Social Security benefits only replace a portion of Americans’ pre-retirement income. Indeed, only 31% of the non-retired adults surveyed said they are not planning to rely on Social Security benefits in retirement, with just 14% saying they will “not (be) at all” reliant on them. Their “normal retirement age” is 67 for the purposes of collecting Social Security benefits.
Persons: That’s, one’s, , they’ll, , Mark Hamrick, Bankrate —, , Trump, they’ve, haven’t Organizations: CNN, Social, Security, , Social Security, Bankrate, Social Security Administration Locations: United States
AdvertisementElon Musk reignited his long-running feud with Jeff Bezos in a X post on Thursday. Musk said Bezos told people that Trump would lose and they should sell their Tesla and SpaceX stock. Elon Musk has taken aim at Jeff Bezos once more, reigniting the war of words between the world's two richest people. In a X post on Thursday, Musk said that Bezos had told people to dump their shares in his companies because Donald Trump was bound to lose the presidential election. This message about Bezos is a way to give himself an excuse to legitimately do so, by saying that 'Bezos started it.'"
Persons: Elon Musk, Jeff Bezos, Musk, Bezos, Trump, Donald Trump, ince, ould, ake Organizations: SpaceX Locations: lon, usk, ehicles,
AdvertisementThe DOJ has asked the judge in its antitrust case against Google to force the tech giant to sell Chrome, its massively popular browser. In August, a judge ruled Google violated antitrust laws and acted as a monopoly when it came to its search engine. Google will have a chance to respond next month with its own plan before the judge makes a ruling next year. That makes it a powerful distribution arm for Google since Chrome's default search engine is … Google. And Apple was making at least $20 billion a year by defaulting to Google Search .
Persons: Billy Bob Thornton, Trump, Elon Musk, Vivek Ramaswamy, Chelsea Jia Feng, Hugh Langley, Lara O'Reilly, Lara, Apple, Donald Trump, Matt Gaetz, Marc Rowan, Arturo Holmes, Apollo, Scott Kleinman, Jim Zelter, Morgan Stanley's, Jeff McMillan's, he's, You've, that's, Michael M, Tyler Le, Google's DeepMind, John Deere, Biden, Dan DeFrancesco, Grace Lett, Ella Hopkins, Hallam Bullock, Amanda Yen, Milan Sehmbi Organizations: Business, Justice Department, Google, Tech, Nvidia, Elon, DOJ, Microsoft, YouTube, Bloomberg, Big Tech, Trump, Getty, , Comcast, Boston Celtics, White Locations: Los Angeles, New York, Chicago, London
AdvertisementA small town in Italy is offering homes for 1 euro to attract Americans amid the recent election cycle. Ollolai's initiative is part of Italy's broader "Case a 1 euro" program started in the 2010s. There is also an option for digital nomads to work there for a month for only 1 euro. Ollolai started offering 1-euro homes in 2018, but other towns, like Sicilian commune Gangi, started giving away vacant houses in 2015. But if you don't want to commit fully to moving across the ocean, a redirect from the Ollolai website luring potential buyers offers an option for digital nomads.
Persons: Ollolai, Francesco Columbu, Columbo, Donald Trump, Ollolai isn't Organizations: Italian National Institute of Statistics, Business, CNN Locations: Italy, Sardinia, Italian, Europe
“People are afraid of walking the streets right now; there’s a lot of fear … a lot of fear,” Sanchez said. “Shrinking worker (supply) in a period in which those sectors need more workers and are having a hard time finding workers will clearly generate a slowdown,” Peri said. Although temporary farm visas — known as H-2A — do exist, there is no legal way to have year-round foreign workers. “We know [undocumented immigrants] are working, they’re not sitting at home,” he said. “The slowing in immigration that’s broadly anticipated will probably show up in tighter labor markets for lower-skilled workers,” he said in an interview.
Persons: Donald Trump’s, Sam Sanchez, , Sanchez, ” Sanchez, Giovanni Peri, Peri, Ron Estrada, , ” Estrada, farmworkers, Joe Sohm, Farmworker Justice’s Estrada, Carolinians, they’re, “ They’ve, Biden, Trump, Michael Feroli, Julia Pollak, Scott Olson, it’s, Joe Brusuelas, ” Karoline Leavitt, Vance, Joanne Eriaku, Eriaku, she’s Organizations: CNN, Chicago, Coast Hospitality Group, , Global Migration, University of California, Davis, UCDavis, Migration Center . Business, Biden, Farmworker, North Carolina Growers Association, Congressional, CBO, JPMorgan, Republican National Convention, RSM, Trump, United Nations, UN, Social Locations: America, Mexico, Little, San Francisco, Chicago, , Milwaukee, Chicago’s Little, Springfield , Ohio, New York City, Uganda, Eriaku, Kenya, United States
AdvertisementNvidia's revenue surged 94% year-over-year last quarter, driven by solid demand for its GPU chips. The historic growth is expected to continue, with analysts estimating more than $200 billion in revenue next year. The company reported revenue of $35.08 billion in the quarter, representing a 94% year-over-year surge and a 492% increase from its third quarter in fiscal year 2023. The massive breakout in Nvidia's revenue growth occurred shortly after OpenAi introduced ChatGPT in November 2022, which was during the fourth quarter of its fiscal year 2023. If Nvidia can meet Wall Street's lofty growth expectations going forward, its stock price could extend its historic run.
Persons: Goldman Sachs, OpenAi, Hopper Organizations: Microsoft, Nvidia, Blackwell
CNN —A coffee shop in Middleborough, Massachusetts, went viral overnight for offering free coffee to customers who entered the shop while dancing. Owner Josh Rashid told CNN that business picked up after the video was posted, attracting curious new customers while delighting cafe regulars. The sign posted outside of Coffee Milano Cafe informing customers of the promotion. Coffee Milano CafeInspired by a similar promotion by a pizza shop, Rashid posted a sign telling customers they would receive a free coffee if they danced for five seconds. “You’ve got to have some joy in this world, and if a little five second dance brings you joy, then it’s worth the free coffee.”
Persons: Josh Rashid, , ’ ”, Rashid, , Kristyn Shay, “ It’s, ” Rashid, ” Shay, it’s, “ You’ve Organizations: CNN, Coffee Milano Cafe, SCORE Locations: Middleborough , Massachusetts, Middleborough, Coffee
The weather is getting chilly in many parts of the Northern Hemisphere, but but cold weather doesn’t mean that you have to stop your exercise routines. According to one recent study, people who achieved this amount of exercise per week had a 31% lower risk of mortality, 27% lower risk of developing cardiovascular disease, and 12% lower risk of developing cancer compared with inactive participants. Importantly, those who achieved just half this amount (75 minutes per week) also had substantial health benefits, with a 23% lower risk of early death, a 17% lower risk of developing cardiovascular disease, and 7% lower risk of developing cancer. Are you someone used to cold weather exercise, or are you trying it for the first time? On very cold days, and especially if you are not used to cold weather exercise, go with someone else.
Persons: Leana Wen, Wen, Jordan, it’s Organizations: CNN, CNN’s, Northern, George Washington University, US Centers for Disease Control, , Jordan Siemens, Stone, Getty
This booming period marked by strong economic growth and robust market returns could extend into 2025, according to UBS, which is calling for the S & P 500 to rise as high as 7,000 in its most optimistic, bullish case. "The market and economic developments have led some to term the decade so far as the 'Roaring 20s,' marked by high economic growth, strong market returns, and improving productivity," Mark Haefele, UBS Global Wealth Management chief investment officer, said in a note to clients. .SPX YTD mountain S & P 500 The Wall Street bank set its base case of a 6,600 S & P 500 target for 2025, or about 10% upside from current prices. For its bull case, the equity benchmark could climb to 7,000 by year end 2025, a 16% gain from current levels. The S & P 500 appears set to wrap up a strong 2024 with a bang, thanks to optimism toward President-elect Donald Trump 's market-friendly policies.
Persons: Mark Haefele, Donald Trump, Haefele Organizations: UBS, UBS Global Wealth Management
But cargo container trade data reviewed by CNBC tells a more nuanced tale. "We took some action to move product ahead of the port strike which came with more cost," Fiddelke said. Target's peak season imports for 2024 compared to 2023 were flat to down, according to cargo container volumes data pulled and analyzed by ImportGenius. According to customs data aggregated by Panjiva, Walmart imported 25,000 shipments from May 31-August 31, valued at $1.3 billion. "With any frontloading for the port strike, inventory would be up even higher than that."
Persons: Brandon Bell, Brian Cornell, Michael Fiddelke, Fiddelke, William George, Lynn Hughes, we're, Jerry Storch, Storch, Joe Feldman, Feldman, Bill Simon, Simon, Melissa Repko Organizations: Getty, CNBC, Target, ILA, ImportGenius, Storch Advisors, Panjiva, Walmart, Telsey Locations: Austin , Texas, U.S, New England, Texas, West Coast, Savannah , Georgia, Long Beach , California, of Virginia, West, East Coast, Gulf
The Justice Department on Wednesday asked the judge in its antitrust case against Google to force the company to sell its Chrome browser. "Advertisers would find competitors for their business, rather than needing to pay a dominant search engine." When you open Chrome and type something into the search bar at the top, these words are automatically transformed into a Google Search. And when there's an option for users, Google pays partners billions of dollars to set its search engine as the default. For instance, if most people click on the third result, Google's Search engine will likely adjust and rank that result higher in the future.
Persons: Mehta's, John Kwoka, Judge Mehta, Bing, There's, Bill Gurley, Sridhar Ramaswamy, Neeva, Ramaswamy, Teiffyon Parry, Equativ, Parry, Ben Thompson, John Gruber, Lee, Anne Mulholland Organizations: DOJ, Google, Department, Wednesday, Northeastern University, Chrome, Lens, Google's, Gmail, YouTube, Bloomberg
When it comes to what's important in a job, people have all sorts of priorities. One of the best times to negotiate for those is after you've received a job offer. That can include negotiating for salary, work from home and vacation time. You'll want to figure those out before your prospective employer comes to you with that initial offer. says Angelina Darrisaw, career coach and founder of C-Suite Coach.
Persons: you've, Stacie Haller, Angelina Darrisaw, Darrisaw
Professor Yoshua Bengio, at the One Young World Summit in Montreal, Canada, on Friday, Sept. 20, 2024Famed computer scientist Yoshua Bengio — an artificial intelligence pioneer — has warned of the nascent technology's potential negative effects on society and called for more research to mitigate its risks. Machines could soon have most of the cognitive abilities of humans, he said — artificial general intelligence (AGI) is a type of AI technology that aims to equal or better human intellect. Yoshua Bengio Head of the Montreal Institute for Learning AlgorithmsSuch outcomes are possible within decades, he said. There are arguments to suggest that the way AI machines are currently being trained "would lead to systems that turn against humans," Bengio said. Yoshua Bengio Head of the Montreal Institute for Learning AlgorithmsCompanies developing AI must also be liable for their actions, according to the computer scientist.
Persons: Yoshua Bengio, , Bengio, CNBC's Tania Bryer, That's, we're, OpenAIhas, It’s, Yoshua, — that's, OpenAI Organizations: Young, Summit, University of Montreal, Montreal Institute, Machines, Intelligence, CNBC, Learning Locations: Montreal, Canada, AGI, U.S, Rwanda, Swiss
Now 77, he's facing a life sentence in a national security trial in Hong Kong. I would just relay to him what happened in Hong Kong when he asked me," Lai said in court, per Reuters. This mass sentencing of Hong Kong's activists was also based on charges under Hong Kong's national security law. Related storiesThe imposition of the national security law marked the effective end of Hong Kong's political autonomy from China. "Above all else, the implementation rules have the potential to radically criminalize online speech in Hong Kong," Woodhams said.
Persons: Jimmy Lai, Kong's, Lai, Hong Kong's, Mike Pence Organizations: Hong Kong, Apple, China, White House, Democracy Locations: Hong, Hong Kong, China, Northern California
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTarget's value message is not as strong as Walmart's, hence divergence, says BCI Brands' ChiricoManny Chirico, BCI Brands chairman and former PVH chairman and CEO, joins 'Squawk Box' to discuss the current state of retail following Walmart and Targets's earnings, if the holiday season will positively impact these companies, and much more.
Persons: Chirico Manny Chirico Organizations: BCI Brands, Walmart
“So far, he’s made a number of cabinet picks whose main qualification seems to be being on TV. His defense secretary is a guy from ‘Fox & Friends,’ his transportation secretary is a guy from Fox Business, and his attorney general is a guy who I’m pretty sure was on ‘To Catch a Predator.’” — DESI LYDIC“Wow, another daytime television guy. It’s like his whole cabinet was selected by a kid who was home sick with the flu.” — SETH MEYERS“But is someone going to tell him that this isn’t actually a doctor’s job? Jr.” — DESI LYDIC“There’s not going to be a layer of competent workers at some point. Because Donald Trump isn’t really picking leaders of agencies — he’s just picking mascots.” — DESI LYDIC
Persons: he’s, , ” — SETH MEYERS, Oz doesn’t, Oz’s, There’s, It’s, Donald Trump isn’t, , DESI LYDIC Organizations: Fox & Friends, Fox Business
Bluesky CEO Jay Graber says X rival is 'billionaire proof'
  + stars: | 2024-11-21 | by ( Jonathan Vanian | In | ) www.cnbc.com   time to read: +3 min
But CEO Jay Graber has some cautionary words for potential acquirers: Bluesky is "billionaire proof." Graber was referring to the way millions of users left Twitter, now X, after Elon Musk purchased the company in 2022. Bluesky now has over of 21 million users, still dwarfed by X and Threads, which Facebook's parent debuted in July 2023. Threads has roughly 275 million monthly users, Meta CEO Mark Zuckerberg said in October. Although Musk said in May that X has 600 million monthly users, market intelligence firm Sensor Tower estimates 318 million monthly users as of October.
Persons: Bluesky, Elon Musk's, Jay Graber, CNBC's, Graber, Elon Musk, Meta didn't, Mark Zuckerberg, Musk, Jack Dorsey's, Dorsey, Jack, we're, we've, that's, Nobody's, algorithmically, We're, That's, Trump Organizations: Twitter, Elon, Meta, Blockchain Capital Locations: Brazil
The judge in the Sean "Diddy" Combs sex-trafficking case is demanding answers for an apparent discrepancy concerning hand-written notes from the rap mogul's Brooklyn jail cell. AdvertisementNow Combs' judge, US District Court Justice Arun Subramanian, who has been doing some sleuthing into the matter on his own, is weighing in. "The Court notes that the sealed exhibit to the Government's brief at Dkt. 72-1 includes photographs of two intact legal pads taken at the time of the BOP sweep. On Tuesday, Slavik said Combs' jailhouse notes are evidence in an ongoing grand jury investigation into potential obstruction of justice charges.
Persons: Sean, Diddy, Combs, , Marc Agnifilo, gesturing, Christy Slavik, Arun Subramanian, wasn't, Slavik Organizations: of Prisons, US Locations: Brooklyn, Manhattan, Dkt
The star, known as WOH G64, is 160,000 light-years from Earth in the Large Magellanic Cloud, a small neighboring galaxy that orbits the Milky Way. Van Loon has observed WOH G64 since the 1990s and studied it as a student at the European Southern Observatory. The Hubble Space Telescope soon revealed it had indeed been a red supergiant in the past, perhaps 20,000 years before the explosion. “If this is what we are seeing (WOH G64) doing, then a spectacle awaits us soon,” van Loon said. It’s nowhere near as bright or variable as WOH G64, van Loon said, and only experienced a brief hiccup compared with what WOH G64 is undergoing.
Persons: , Keiichi Ohnaka, Jacco van, UK’s Keele University . Van Loon, van Loon, Gerd Weigelt, Max Planck, It’s, Edward Guinan, Guinan, , ” van Loon, Ohnaka Organizations: CNN —, Southern, Astrophysics, , Andrés Bello National University, Keele Observatory, UK’s Keele University . Van, European Southern Observatory, Max, Max Planck Institute for Radio Astronomy, Villanova University in, Hubble Locations: Atacama, Chile, Jacco van Loon, Bonn, Germany, Villanova University in Pennsylvania
Rajiv Jain, founder and chief investment officer of GQG Partners, during an interview in New York, US, on Tuesday, April 4, 2023. Shares of Australia-listed GQG Partners plunged as much as 25% on Thursday and were set to post their worst day on record, after Adani Group Chair Gautam Adani was charged with fraud in New York. Shares of Adani Group companies also nosedived, as Indian stock markets opened for trade. GQG is Adani Enterprises' fourth-largest shareholder, owning about 3.94% of the firm, according to LSEG data. Hindenburg had charged Adani Group of "brazen stock manipulation and accounting fraud scheme over the course of decades," sending shares plunging by more than 54% in the first quarter of 2023.
Persons: Rajiv Jain, Gautam Adani, GQG, Adani, Hindenburg Organizations: GQG Partners, Adani Group, BSE, Adani Enterprises, CNBC, Adani, Hindenburg Locations: New York, New
Its drone units account for 80% of Russian losses, The New York Times reported. Ukraine's drone units now account for at least 80% of Russian frontline losses, The New York Times reported. The outlet reported that small Ukrainian drone teams had become prized targets for Russia. Ukraine's frontline drone units work in small teams, using remotely controlled first-person-view (FPV) drones to surveil and target Russian forces. In October, Ukraine exceeded its annual target of producing a million FPV drones for its military, Lieutenant General Ivan Havryliuk, Deputy Minister of Defense of Ukraine, told RBC-Ukraine.
Persons: Sgt, Maj, Vasyl, Ivan Havryliuk Organizations: New York Times, Times, Russian, Defense, RBC Locations: Russia, US, Ukraine
The arrest warrants issued by the International Criminal Court are the first time that leaders of a modern Western democracy have been accused of war crimes and crimes against humanity by a global judicial body. By themselves, the warrants, seeking the arrests of Prime Minister Benjamin Netanyahu of Israel and his former defense minister, Yoav Gallant, represent an important diplomatic landmark. They will be seen by many countries in the global south, rightly or wrongly, as a sign that international institutions are no longer necessarily tools of the West. The arrest warrants “are binding on all parties to the I.C.C.,” said Philippe Sands, an expert in international law who has argued before the court. “If they set foot on the territory of a state party, that state party has an obligation to arrest and transfer to The Hague.
Persons: Benjamin Netanyahu, Israel, Yoav Gallant, Netanyahu, Gallant, , Philippe Sands Organizations: International Locations: United States, Israel, Hague
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