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It is the first factory dedicated to building humanoid robots, according to the privately held company, which has already begun testing Digit with high-profile clients like Amazon and GXO Logistics . Digit was designed to take up repetitive and mundane manufacturing tasks, helping to close the labor gap in the logistics sector. Robots like Digit can step in and take those tasks off their hands," Johnson said. The end goal, according to Johnson, is for the robots to be able to build future versions of themselves. Watch the video above for an up-close look at Digit and the RoboFab factory.
Persons: It's, Peggy Johnson, Johnson Organizations: Robotics, GXO Logistics, Agility Robotics, CNBC Tech Locations: Oregon
Learn moreThe Prime Big Deal Days event is on its second and last day, and there are still Prime Day SSD deals to be had on Amazon for your PC or PS5. Every SSD here can be used in a PC, but only the best SSDs for PS5 meet Sony's requirements (a storage minimum of 250GB with a sequential read speed of 5,500MB/s). It's still an extremely high performer, but it's not especially suited for PS5 storage expansion due to its slower-than-recommended speeds. View at AmazonWestern Digital 4TB WD_Black SN850X $254.72 $699.99 Save 64% WD_BLACK is the premier name in solid-state drive technology, especially for gamers. Check out our roundup of all of the best Prime Day deals, or browse Amazon's website for the full selection.
Persons: aren't, SSDs, it's Organizations: Business, Deal, Samsung Locations: 1TB
The company's prototype antenna "Frankie" during testing in North Dakota on Oct. 5, 2024. North Dakota testingSetting up the company's prototype antenna in the early hours of Oct. 2, 2024. Northwood SpaceLast week the Northwood team was out in remote Maddock, North Dakota, to test its prototype antenna — "fondly dubbed Frankie," Mendler notes — by connecting to a Planet satellite in orbit. We're proud to be a part of this breakthrough in ground station technology," Planet senior director of global ground networks Joseph Breu said in a statement to CNBC. Northwood Space
Persons: Griffin, Bridgit Mendler, Mendler, Northwood, Frankie, Joseph Breu Organizations: Software, Northwood, CNBC, Service, Northwood Space Locations: Northwood, Segundo , California, North Dakota, Maddock , North Dakota
One of Amazon's top AI executives is out
  + stars: | 2024-10-09 | by ( Eugene Kim | ) www.businessinsider.com   time to read: +2 min
Matt Wood, the vice president of AI at Amazon Web Services, is leaving after 15 years. Wood's departure comes amid fierce AI competition from Microsoft, Google, and OpenAI. AdvertisementMatt Wood, the vice president of artificial intelligence at Amazon Web Services, is leaving. He worked on AWS's machine-learning and AI technology, laying some of the groundwork for the company's latest growth initiatives. Related storiesIt's also the latest exit amid AWS's notable executive turnover in recent years.
Persons: Matt Wood, , Wood, he's, didn't, It's, Adam Selipsky, Matt Garman, Richard Puccio, Rachel Thornton, Chris Vonderhaar Organizations: Amazon Web, Microsoft, Google, AWS, Service Locations: Amazon
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmazon has a great future, says Treasury Partners' Rich SapersteinRich Saperstein, Treasury Partners founding principal, joins 'Closing Bell' to discuss the equity market, the tech and utilities trade.
Persons: Rich Saperstein Rich Saperstein Organizations: Partners, Treasury Partners
We talked to several experts to find the top options for our guide to the best portable generators. The Jackery Explorer 3000 Pro Solar Generator is $1,000 off, making it one of Amazon's most popular Prime Day generator deals. View at Amazon What we like Check mark icon A check mark. View at Amazon What we like Check mark icon A check mark. Check out our roundup of all of the best Prime Day deals, or browse Amazon's website for the full selection.
Persons: it's, Anker SOLIX Organizations: Business, Honda, DELTA, Delta, Gas
Grabango, a venture-backed startup that was vying to take on Amazon in cashierless checkout technology, is shutting down after it was unable to raise enough money to stay afloat. Based in Berkeley, California, Grabango was seen as one of the primary rivals to Amazon's cashierless checkout offering, called Just Walk Out. Amazon in April pulled its cashierless checkout technology from its U.S. Fresh stores and Whole Foods supermarkets. Glaser said Grabango eschewed shelf sensors in favor of computer vision which put it on a path for "widespread adoption." WATCH: Amazon is making a big bet on selling its cashierless tech to outsiders
Persons: Grabango, Will Glaser, Grabango's, Peter Thiel's, Glaser, Axios, CNBC's Ari Levy Organizations: CNBC, longtime, LinkedIn, Commerce Ventures, Fund, Unilever, Honeywell, Aldi, Amazon, Foods Locations: U.S, Berkeley , California
US government considers a breakup of Google
  + stars: | 2024-10-09 | by ( Clare Duffy | Brian Fung | ) edition.cnn.com   time to read: +3 min
The US Department of Justice in a court filing Tuesday night said it may recommend dismantling Google’s core businesses, separating Google’s search business from Android, Chrome and the Google Play app store. “That would prevent Google from using products such as Chrome, Play, and Android to advantage Google search and Google search-related products and features — including emerging search access points and features, such as artificial intelligence — over rivals or new entrants,” the government said in its court filing. The case had been described as the biggest tech antitrust case since the US government’s antitrust showdown with Microsoft at the turn of the millennium. Whatever ultimately happens to Google could set the stage for potential remedies in other, ongoing antitrust cases against tech giants. Google faces a separate case brought by DOJ attorneys, along with 17 states, who allege that its advertising business is anticompetitive.
Persons: , Amit Mehta, ” Kent Walker Organizations: CNN, Baby, Google, US Department of Justice, Android, Apple, Microsoft, DOJ, Meta, Ticketmaster
San Francisco-based AI startup Writer debuted a large artificial intelligence model Wednesday to compete with enterprise offerings from OpenAI, Anthropic and others. The company cuts costs using synthetic data, or data created by AI. Waseem Alshikh, Writer's co-founder and CTO, told CNBC that Writer has been working on its synthetic data pipeline for years. The generative AI market is poised to top $1 trillion in revenue within a decade. To date in 2024, investors have pumped $26.8 billion into 498 generative AI deals, according to PitchBook, and companies in the sector raised $25.9 billion in 2023, up more than 200% from 2022.
Persons: May Habib, That's, It's, Waseem, Writer's, Alshikh Organizations: Work Summit, Porsche, Raffles London, CNBC, Meta, Microsoft, Accenture, Uber, L'Oreal, Vanguard Locations: London, England, San Francisco, OpenAI, Anthropic
Amazon plans to bring same-day prescription delivery to 20 more cities next year, the company said Wednesday, marking the latest phase of its push into health care. As part of the expansion, which will make speedy medicine delivery available in nearly half of the U.S., Amazon said, it is embedding pharmacies in same-day delivery facilities often clustered around major metro areas. Amazon in March introduced same-day pharmacy delivery in New York and Los Angeles, after launching the service in Indianapolis, Miami, Phoenix, Seattle, and Austin, Texas. Launched in 2020, Amazon Pharmacy was born out of the company's 2018 acquisition of online pharmacy PillPack. It launched then shuttered its telehealth service, Amazon Care, along with a line of health and wellness devices.
Persons: Amazon Organizations: Amazon, Amazon Pharmacy, CVS, Walgreens, Walmart Locations: U.S, Nashville , Tennessee, New York, Los Angeles, Indianapolis , Miami, Phoenix, Seattle, Austin , Texas, Boston, Dallas , Minneapolis, Philadelphia, San Diego, Texas
Meanwhile, Jefferies began coverage of Reddit with a buy rating and a price target of $90. Champine said the Federal Reserve lowering interest rates was a driving force for the price target changes. Analyst William Kerr initiated coverage of the pet ecommerce retailer with a buy rating and $38 price target. RBLX YTD mountain RBLX in 2024 — Alex Harring 5:50 a.m.: Citi says UPS is a buy Buy the dip on UPS shares, according to Citi. Analyst Ariel Rosa initiated the delivery giant with a buy rating and a price target of $162.
Persons: Jefferies, Laura Champine, Champine, Helene, Milton, Lowe's, — Alex Harring, Piper Sandler downgrades Blackstone Piper Sandler, Crispin Love, Love, Blackstone, Morgan Stanley, Sanjit Singh, Singh, Alex Harring, TD Cowen, William Kerr, Kerr, Benjamin Soff, Soff, Ken Gawrelski, Gawrelski, Roblox, Ariel Rosa, Rosa, — Fred Imbert, John Colantuoni, Colantuoni, EBITDA Organizations: CNBC, Wednesday, Citi, UPS, Capital, Federal Reserve, Blackstone, Industry, Deutsche Bank, New York Times, Amazon Logistics, Walmart Locations: Wells, China, Tuesday's
Learn moreAmazon Prime's Big Deal Days event is officially here, and the Dyson Airwrap and Dyson Supersonic hair dryer are both $100 off right now. The fall Prime Day sale, which runs October 8 to 9, lets Amazon Prime members in on exclusive Prime Day deals, including several beauty sales. If you're looking for more Dyson, we've highlighted a Prime Day vacuum deal that's not to be missed. View at Amazon What we like Check mark icon A check mark. View at Amazon What we like Check mark icon A check mark.
Persons: Dyson, we've, Cord, frizz, We've, it's Organizations: Business, Dyson, Amazon
Why health care could be a winner heading into year-end
  + stars: | 2024-10-09 | by ( Fred Imbert | ) www.cnbc.com   time to read: +2 min
Health care may be the answer, if history is any indication. The Health Care Select Sector SPDR Fund (XLV) has posted a November gain in eight of the last 10 years. Health care trades at a forward price-to-earnings ratio of 22.2, while the S & P 500 has a multiple of 24. The optimism around health care comes as the sector lags the broader market. Some health care names poised to do well, according to Krinsky, are Masimo and Viking Therapeutics .
Persons: What's, Jonathan Krinsky, Krinsky Organizations: iShares Biotechnology, Viking Therapeutics, Viking, Politan, Citi, UPS, Amazon Logistics, Walmart Locations: China
The S24, S24 Plus, and S24 Ultra are all down to all-time low prices on Amazon. Samsung Galaxy S24 Prime Day dealsDeal pricing for Samsung's Galaxy S24 phones may differ slightly depending on the color you choose. Samsung Galaxy S24 $599.99 $799.99 Save 25% The Galaxy S24 runs on the most powerful processor for Android phones in 2024. View at Amazon What we like Check mark icon A check mark. General performance is very similar to the regular S24Samsung Galaxy S24 Ultra $916.74 $1,299.99 Save 29% The Galaxy S24 Ultra is Samsung's top-end phone in 2024, set apart from its Galaxy S24 siblings and most of the premium phone competition with its four cameras, giant 6.8-inch display, stunning battery life, and included S Pen stylus.
Persons: it's Organizations: Business, Deal, Samsung, Galaxy, Google, Samsung Galaxy, Samsung's Galaxy
Amazon said Wednesday it's testing adding mini warehouses to Whole Foods supermarkets as part of a bid to attract more shoppers to its stores and away from other grocery competitors. Amazon said it's looking to "eliminate those extra trips" made by shoppers to other grocery stores. "Customers shopping at Whole Foods Market today are looking for natural and organic products," Varadarajan said during a presentation on Wednesday. With our micro fulfillment center, we can reduce the need for our customers to visit different stores or make multiple online orders." Amazon has for years angled to gobble up a bigger share of the grocery market.
Persons: Anand Varadarajan, aren't, Varadarajan, It's, Andy Jassy Organizations: Amazon, Foods, Pepsi, Research, Walmart, Kroger, Albertsons Locations: Berkeley , California, Philadelphia, Plymouth, , Pennsylvania, Nashville
Amazon's cash balance is expected to reach almost $400 billion by 2027, far outpacing tech rivals. AdvertisementAmazon's ballooning cash balance is drawing Wall Street's attention. By 2027, Amazon is forecast to have almost $400 billion in cash, far outpacing its Big Tech rivals. Despite the "remarkable" growth in Amazon's cash balance, the company hasn't been as aggressive as other tech companies in rewarding shareholders, he noted. During an April call with analysts, Amazon CFO Brian Olsavsky addressed the question about shareholder returns.
Persons: , Wall, Mark Mahaney, Mahaney, Evercore's Mahaney, hasn't, Mark Shmulik, Bernstein, Morgan Stanley, Gene Munster, Munster, Andy Jassy's, Brian Olsavsky, Jassy, Olsavsky, Deepwater's Munster Organizations: Service, P Global Market Intelligence, Microsoft, Amazon, Big Tech, Apple, Deepwater Asset Management, Federal Trade Commission, Meta
One of several Wells Fargo top trading ideas for the fourth quarter of 2024 is shorting Elon Musk's electric vehicle company, Tesla . One of Wells Fargo's top recommendations is to short Tesla , betting that the stock will fall. These dynamics, alongside improved earnings momentum, could make Las Vegas Sands an "idiosyncratic, self-help story plus a Macau/China macro play." LVS YTD mountain Las Vegas Sands stock. Wells analyst Elyse Greenspan expects improving organic revenue growth, free cash flow conversion and expanding profit margins will drive the stock higher.
Persons: shorting Elon, Wells, Colin Langan's, Langan, bady, Dan Politzer, Politzer, Willis Towers Watson, Watson, Elyse Greenspan, Willis Organizations: Wells Fargo, U.S, Presidential, Amazon, Micro, Sands, Vegas Sands Locations: Wells, Macao, Macau, China, Vegas
Spotify's HR chief told Raconteur that the company will maintain its work-from-anywhere policy. AdvertisementAmazon might be ordering employees back to the office 5 days a week, but don't expect Spotify to follow suit. Spotify's latest reaffirmation of its WFA policy bucks the current trend of companies pushing to get employees in the office more days a week. Many executives and leaders have attributed their RTO mandates to increased productivity and collaboration when employees work together in the office. "Over time, this drawback could dramatically undermine the character and culture you want to promote in your company," Dimon added.
Persons: Raconteur, , Katarina Berg, Berg, Fortune, Goldman Sachs, Mark Zuckerberg, Jamie Dimon, Dimon, Andy Jassy Organizations: Spotify, Service, WFA, Stockholm School of Economics, JPMorgan, Meta, Amazon . Workers, Disney
There are few things as stressful — and consequential to your future earnings — as negotiating the salary of a new job. Even fewer people, then, may think about negotiating aspects of a compensation package beyond the base salary on offer. Here are the best things to negotiate in a job offer, beyond salary, for an easier "yes" from HR. "If you can negotiate a higher title now, then when you leave, it's worth more on the job market — your resume is worth more," she says. What is the job title above this, and what's required for that?"
Persons: We're, Tessa White, White, you'll, I'm, she's
During the last day of Amazon Prime Big Deal Days, we're scouting all of the best Prime Day Peloton deals still available. The best Prime Day Peloton deal is on the Bike+, which is currently about $495 off. Read more about the differences between Peloton bike models from hands-on testing in our Peloton review. Several Peloton accessories are also on sale at Amazon today — keep reading below for all of the best Prime Day Peloton deals. Check out our roundup of all of the best Prime Day deals, or browse Amazon's website for the full selection.
Persons: callouts, Read, Dawn Fallik, it's Organizations: Business, Amazon Prime, Deal, Apple, Bike
I spent weeks combing through thousands of discounts to find the best October Prime Day Apple deals. SKIP AHEAD Best Prime Day Apple deals | More Prime Day Apple sales | Best Apple sales at other retailers | How I picked the best Apple deals | Why trust NBC Select? Best Prime Day Apple salesHere are the best Prime Day Apple sales to know about. I’m a writer for NBC Select who has covered deals and sales for Amazon Prime Day, Black Friday, Cyber Monday and more. To round up the best Prime Day sales on Apple products, I found highly rated products at their lowest price ever or their lowest price in three months.
Persons: Apple, I’ll, TikTok Organizations: Apple, NBC, Big Deal, Bluetooth Bluetooth, Amazon, Microsoft, Walmart, Apple Watch Walmart, Amazon Prime, Facebook, Twitter
Prime Big Deal Days is finally here, offering discounts on plenty of items during the 48-hour sale, exclusive to Prime members. Below, we rounded up the most purchased products so far among our readers during NBC Select’s ongoing Prime Big Deal Days 2024 coverage. SKIP AHEAD October Prime Day 2024 bestsellersWant more from our everyday experts, straight to your inbox? All the products we recommend are highly rated items with at least a 4.0-star average rating from hundreds of reviews. To round up this list, I compiled bestselling products among our NBC Select readers during Prime Big Deal Days.
Persons: TikTok Organizations: NBC, Deal, Amazon, Wellness, Bath, Facebook, Twitter
However, Best Buy’s flash sale is also happening on October 8 and 9. I spent weeks combing through thousands of discounts to find the best deals during Best Buy’s 48-hour flash sale. SKIP AHEAD Highly rated Best Buy flash sale deals | More deals from Best Buy’s flash sale | How I picked the best deals from Best Buy’s flash sale | Why trust NBC Select? More deals from Best Buy’s flash saleHere are the best sales from Best Buy’s flash sale to know about. To round up the best discounts on tech during Best Buy’s flash sale and Prime Big Deal Days, I found highly rated products at their lowest price in at least three months.
Persons: I’ll, Max, Bianca Alvarez, I’ve, earbuds I’ve, It’s, TikTok Organizations: NBC, Big Deal, Garmin Fenix, Samsung, Asus, Bluetooth, Amazon, Samsung TV, JBL, Apple, Amazon Alexa, Amazon Beats, Wellness, Bath, Giftable Tech, Deal, Facebook, Twitter
I frequently cover shopping events like Prime Day, Black Friday and Cyber Monday as a writer for NBC Select, so I know how to find deals that are actually worth buying. SKIP AHEAD Best Prime Day sneaker deals | More Prime Day sneaker sales | Best sneaker sales at other retailers | How I picked the best sneaker deals | Why trust NBC Select? Best Prime Day sneaker deals4.4-star average rating from 9,217 reviews on AmazonThese trail running shoes are great for mixed terrain trails because they provide stability and support on all trails. 4.3-star average rating from 7,135 reviews on AmazonNew Balance makes some of our favorite women’s walking shoes, including this pair. Best Prime Day sneaker salesHere are the best Prime Day sneaker sales to know about.
Persons: sneaker, I’ll, Salomon, There’s, TikTok Organizations: NBC, Big Deal, Adidas, Amazon Reviewers, Amazon, Nike, Skechers, Deal, Facebook, Twitter Locations: men’s
Autonomous taxis are winning over women in cities like San Francisco by offering an answer to a long-standing concern about ride-hailing apps: misbehavior by human drivers, especially men. Now, those driver safety concerns are helping to fuel the popularity of autonomous taxis — especially for women traveling alone or at night. About three-quarters of Lyft and Uber drivers are men, according to industry and academic surveys. Lyft said in a statement to NBC News that it continues to try to improve safety, including with driver background checks, driver ratings, driver education and an emergency phone line for passengers. In 2023, Lyft started a feature, Women+ Connect, that allows women or nonbinary drivers to opt in to prefer riders who are women or nonbinary, and vice versa.
Persons: they’ve, Veronica Pastore, it’s, “ I’ve, ’ ”, Pastore, “ It’s, , they’d, they’re, Abby Vigil, she’s, Robotaxis, driverless, , Jason Munderloh, ” Waymo, Lyft, Uber, Waymo, ” Uber, Dara Khosrowshahi, Diana Taurasi, Megan Neese, Neese, Amazon’s, Elon Musk, Jayka Noelle, Noelle, TikTok, DaBabyBoomers, Cheryl Baxter, Beth Bowles Organizations: San Francisco, Gig Workers, Rider, NBC News, CNBC, Phoenix Mercury, Google, Motors ’, Tesla Locations: San Francisco, Lyft, San, , , U.S, Atlanta, Austin , Texas, Las Vegas, Phoenix, Los Angeles, Austin, Scottsdale , Arizona
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