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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailA lot of lawsuits to come against OpenAI, says early investor Geoff LewisGeoff Lewis, Bedrock founder and managing partner, joins 'Squawk Box' to discuss Lewis' initial investment in OpenAI, scrutiny against a privately-held company like OpenAI, and more.
Persons: OpenAI, Geoff Lewis Geoff Lewis, Lewis Locations: OpenAI
Watch CNBC's full interview with Bedrock founder Geoff Lewis
  + stars: | 2024-05-23 | 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 EmailWatch CNBC's full interview with Bedrock founder Geoff LewisGeoff Lewis, Bedrock founder and managing partner, joins 'Squawk Box' to discuss Lewis' initial investment in OpenAI, scrutiny against a privately-held company like OpenAI, and more.
Persons: Geoff Lewis Geoff Lewis, Lewis Locations: OpenAI
"It's very early days in generative AI," said Jassy, who succeeded Jeff Bezos as CEO in 2021. Davidson, told CNBC that Amazon was "caught flat-footed" by the generative AI boom. During a Q&A session on Wednesday, Jassy was asked twice about the status of Amazon's generative AI efforts. He said the company is "seeing a lot of momentum" in generative AI within AWS to where it's now a multibillion-dollar business based on annualized revenue. Amazon has previously said it intends to use generative AI to make Alexa more conversational.
Persons: Noah Berger, Andy Jassy, OpenAI's ChatGPT, Adam Selipsky, Jassy, Jeff Bezos, Matt Garman, Gil Luria, Davidson, Luria, Bezos, Selipsky, Casey McGee, McGee, Anthropic, Dario Amodei, OpenAI, it's, Garman, Amazon, wasn't, Dilip Kumar, Kumar, Swami Sivasubramanian, Jamie Meyers, Meyers, Matt, Jordan Novet, Kate Rooney Organizations: Web Services, Getty, Amazon, Microsoft, Google, D.A, CNBC, Amazon Web, Alexa, AWS, Nvidia, ChatGPT, Accenture, Toyota, Nasdaq, Investments Locations: Las Vegas, Vegas, Bezos, Anthropic
Discovery's Max was supposed to become a Netflix killer when it rolled out a year ago. It combined HBO Max's prestige originals with Discovery+'s reality TV fare to capture viewers as they migrate away from WBD's bedrock traditional TV business. Related storiesGiven its low penetration, it's possible that Max can add tens of millions of subscribers, he said. WBD execs hope the crackdown will encourage people to subscribe to the three-in-one bundle of Max, Disney+, and its sister app, Hulu. While the overlap between Netflix and Disney+ is high, about half of Disney+ subscribers don't subscribe to Max, and vice versa, so each has a chance to significantly increase its audience.
Persons: , Discovery's Max, WBD, Max, hasn't, JB Perrette, Perrette, We're Organizations: Service, Warner, Netflix, HBO, Disney, Hulu, Business, Nielsen, Vodafone, Amazon, Paris Olympics, Cartoon Network Locations: WBD, Orange
CNN —Boeing whistleblower John Barnett died by suicide, according to a police report released on Friday, bringing to end an investigation of the shocking death of a longtime employee who raised concerns about the airplane manufacturer’s safety and production standards – and who sued the company, claiming Boeing illegally retaliated against him. Barnett, 62, was found dead in a vehicle on March 9 from a self-inflicted gunshot wound in Charleston, South Carolina. The investigation found that Barnett was shot in the head at close range and the weapon was found in his right hand. “As a quality manager at Boeing, you’re the last line of defense before a defect makes it out to the flying public,” Barnett told the Times. That led the US Justice Department to announce this week that Boeing could face criminal prosecution for its history of safety problems.
Persons: John Barnett, Barnett, Robert Turkewitz, Brian Knowles, Barnett’s, , ” Barnett, I’d, Brad Zaback, ” Zaback, Max Organizations: CNN — Boeing, Boeing, Charleston Police Department, Coroner’s Office, Police, CNN, New York Times, Times, US Justice Department Locations: Charleston , South Carolina, Charleston
Read previewAt an October all-hands meeting, an Amazon Web Services employee asked executive Matt Garman about the company's difficult work environment. The people who spoke with BI about Garman asked not to be identified so they could freely discuss his abilities. One AWS employee pointed out to BI that Amazon Q was months behind the launch of Microsoft's AI Copilots. Associated PressOutside of AI, AWS has struggled in its core startups and small business segments, failing short of sales targets last year, as BI previously reported. Those customers are particularly important for AWS because the company built its early business by embracing that market.
Persons: , Matt Garman, Garman, It's, Adam Selipsky, Selipsky, Andy Jassy, Matt, Amazon's, Patrick Neighorn, He'd, We're, Neighorn, it's, Claude, AWS's, let's Organizations: Service, Amazon Web Services, AWS, Business Insider, Employees, Business, Amazon, Stanford, BI, Mizuho Securities, Q, Cohere, Mistral, Google, Associated Locations: Anthropic
Selipsky's three years as AWS CEO were marked by mixed results. AdvertisementHe steered through some of the cloud business' slowest growth rates, largest layoffs, and biggest challenges in the artificial intelligence space. AdvertisementAmazon's generative AI service Bedrock was delayed after originally being scheduled to launch in the fall of 2022, the person said. Garman was once considered a frontrunner to replace former AWS CEO Andy Jassy in 2021 when Jassy took over as Amazon's CEO. Some insiders referred to Selipsky as "just a sales guy" and "uninspiring," as the cloud leader faced unprecedented competition in generative AI.
Persons: , Adam, Selipsky, shakeup, Patrick Neighorn, Matt Garman, Garman, Andy Jassy, Jassy, Amazon, Ashley Stewart Organizations: Service, Web Services, Business, AWS, Amazon, BI, Rivals Microsoft, Google
“The people call Stormy Daniels.”So began the intense and often uncomfortable testimony of Ms. Daniels, who spent almost five hours in a Manhattan courtroom on Tuesday recounting her story of a 2006 encounter with Donald J. Trump and the ensuing hush-money cover-up that has become the bedrock of the prosecution’s case. Ms. Daniels spoke quickly and at length about her first meeting with Mr. Trump at a celebrity golf tournament in Lake Tahoe, Nev.After the lunch break, Mr. Trump’s lawyer Todd Blanche moved for a mistrial, arguing that the prosecution’s questions were designed to embarrass Mr. Trump and prejudice the jury. The judge, Juan M. Merchan, agreed that some of Ms. Daniels’s testimony “may have been better left unsaid,” but denied a mistrial.
Persons: Stormy Daniels, , Ms, Daniels, Donald J, Trump, Trump’s, Todd Blanche, Mr, Juan M, Merchan Locations: Manhattan, Lake Tahoe, Nev
Joe Biden has tried to stake out a middle ground as protests spread across college campuses. Unlike other lawmakers of his generation, Biden largely stayed away from the Vietnam War protests that sparked upheaval on college campuses nationwide. Advertisement"I was in law school," Biden said of the Vietnam War protests, per The New York Times. Even among young voters, the trend remains the same. A Harvard Youth Poll of 18-to-29-year-olds nationwide found that the war was far less important to voters than inflation or healthcare.
Persons: Joe Biden, Biden, , — it's, Joe Biden hasn't, haven't, That's, @eyokley, Cf5Ot4q2t4, CSeqbdsWtK, Jason I, McMann, Donald Trump, It's, Israel, Barack Obama, Trump Organizations: Service, Israel, Biden, Democratic, NBC, New York Times, Muslim, CBS, Harvard Locations: Gaza, Israel, Vietnam, Michigan
Read previewExpect a lot more talk of generative AI at Amazon cloud computing events this year. "Up to 80% of all Global Summit sessions will be sourced from 2023 re:Invent sessions tagged to Gen AI." The new directive shows how Amazon is going to extraordinary lengths to promote its AI prowess, at a time when interest in generative AI is skyrocketing. On Tuesday, Jassy said Amazon is on pace to generate "multi-billion" dollars in revenue this year from its generative AI offerings. Generative AI has already been accounting for a larger share of Amazon's public comments.
Persons: , Patrick Neighorn, we've, Andy Jassy, Jassy, It's Organizations: Service, Services, Business, AWS, Amazon, Global, Microsoft, Google, Meta
Over the last two weeks, major cloud providers Amazon, Microsoft, and Alphabet have reported quarterly earnings that exceeded Wall Street's expectations. Amazon, Microsoft, and Alphabet's shares also climbed after earnings were reported, evidence that doubling down on their AI strategies seems to be paying off. Davidson Companies analyst Gil Luria told Business Insider regarding Amazon, Microsoft, and Alphabet. Microsoft Cloud generated $35.1 billion in revenue — up 23% year-over-year — that CEO Satya Nadella credits partly to investments into AI tools like Microsoft Copilot. Amazon, Microsoft, and Alphabet didn't immediately return a request for comment from Business Insider before publication.
Persons: , D.A, Gil Luria, Claude, Andy Jassy, Satya Nadella, Nadella, Ruth Porat, OpenAI's ChatGPT, Luria, doesn't, Jassy, Sundar Pichai Organizations: Service, Microsoft, Business, Davidson Companies, Amazon, Web Services, Google Cloud, Google, Gemini, Research, Capital Locations: Indonesia
Bank of America boosted Amazon's price target after earnings to $210, eyeing 17% upside from Wednesday's price levels. Amazon's Q2 guidance slightly fell short of Wall Street's expectations, but Bofa still sees upside ahead. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAmazon stock could soar as its latest earnings herald a "new era" of profits for the tech behemoth, according to Bank of America. On the guidance front, Amazon expects Q2 net sales to range between $144.0 billion and $149.0 billion, 2.5% below the estimated $150.21 billion.
Persons: Bofa, , Justin Post, BofA Organizations: of America, Service, Bank of America . Bank of America, Amazon
CNN —Donald Trump used his day off from a criminal trial related to a past election to cast a dark, familiar shadow over the next one. Trump cut an unrecognizable figure from the grim ex-president who bleats a daily dirge of complaints about his hush money trial outside Judge Juan Merchan’s court. On specific issues, surveys show Trump leading Biden on most issues including the economy, immigration, and the Israel-Hamas war. “A chilling glimpse into Trump’s second term plansSix months before the election, Trump’s searing campaign rhetoric is becoming less an exercise in performative demagoguery than a blueprint for a potential second term. In the Time interview, Trump comes across as confident and determined to learn the lessons of his first term in which he claims he was let down by “bad” officials.
Persons: Donald Trump, Joe Biden, , Trump, bleats, Juan Merchan’s, ” Trump, he’s, Merchan, Joe Biden’s, Biden, Kamala Harris, Roe, Wade, David Axelrod, Barack Obama, Axelrod, CNN’s Erin Burnett, , Trump’s, doesn’t, he’d, It’s, Eric Cortellessa, ” He’s, quagmire, it’s Organizations: CNN, Milwaukee Journal Sentinel, Capitol, shudder, White, Democratic Party, , Columbia University, Trump, National Guard, Guard, Republican, , Locations: Wisconsin, Michigan, Manhattan, America, crackdowns, , “ New York, North Carolina, Israel, Florida, Freeland , Michigan, Washington, China
Amazon 's earnings report on Tuesday evening will give investors insight into two of the biggest stories on Wall Street — the resilient U.S. consumer and the artificial intelligence boom. Wall Street is generally optimistic about Amazon, as more than 90% of analysts have a buy or strong buy rating on the stock, according to LSEG. Several other tech companies, including Alphabet , have already reported strong advertising numbers for the first quarter. "We increase our Amazon advertising outlook following the impressive 2H23 performance and encouraging industry checks. On a ~55% margin, Advertising [earnings before interest and taxes] moves from $26B in FY23 to $41B in FY26," MoffettNathanson analyst Michael Morton said in an April 22 note.
Persons: Stephen Ju, Brian Pitz, Pitz, Michael Morton, Amazon's, Morton, MoffettNathanson, Ju, — CNBC's Michael Bloom Organizations: Amazon, Services, AWS, UBS, prem, BMO
CNN —Donald Trump will make his most concentrated effort yet to turn his criminal trial into a political asset in the next two days, heading from the courtroom to the campaign trail and back again. Not surprisingly, a majority of Democrats feel that Trump is being treated more leniently than others, while a majority of Republicans think the opposite. But there’s also a risk Trump’s loose tongue out on the trail could get him into trouble following his alleged violations of Merchan’s gag order. They were also tied in Pennsylvania, a third swing state Biden flipped from Trump four years ago. Trump is following a similar playbook as he fuses his criminal defense as a supposed victim of partisan persecution with his political offensive for a White House comeback.
Persons: Donald Trump, Trump, They’ve, Michael Cohen, Trump’s, Stormy Daniels, Joe Biden, Juan Merchan, he’s, , , , David Pecker, Matthew Colangelo, Todd Blanche, It’s, Biden, there’s, “ I’m, Republican Sen, Lindsey Graham of, Joe Biden’s, Mike Johnson Organizations: CNN, White, Trump, Conservative Political, Republicans, Biden, Republican, White House, CBS News, Sunday, GOP, Democratic, Capitol, Democratic Party, Columbia University, National Guard Locations: New York, Wisconsin, Michigan, Trump, Georgia, Florida, North Carolina, Bedminster , New Jersey, Lindsey Graham of South Carolina, “ State, Pennsylvania, Waukesha , Wisconsin, Gaza, Charlottesville , Virginia, Washington
But the city's downtown has one of the most stunning urban reinvention stories in the United States. Downtown Detroit recently hosted the NFL Draft to rave reviews and even broke an attendance record. AdvertisementLast week, more than 775,000 football fans converged in downtown Detroit for three days as the city hosted the NFL Draft. NFL fans near the draft stage at Campus Martius Park in downtown Detroit on April 27, 2024. Downtown Detroit has an abundance of towering, historic buildings that are perfect for office-to-housing conversions and office renovations that have taken hold in downtowns across the country.
Persons: , Ryan Kang, Spencer Platt, Gen Zs, it's, Dan Gilbert Organizations: Downtown, NFL, Service, Detroit, Nashville, Martius, Renaissance, Miami, General Motors, Getty, Rocket Mortgage, Quicken, GM, Renaissance Center Locations: Detroit, United States, Downtown Detroit, Hudson's Detroit, downtowns
New York’s highest court on Thursday overturned the felony sex crimes conviction of the notorious Hollywood producer Harvey Weinstein, a staggering reversal of a bedrock case in the #MeToo era that prompted countless victims of sexual harassment and assault to come forward as accusers. In a bitterly contested 4-to-3 decision, the New York Court of Appeals found that the judge who had presided over Mr. Weinstein’s case deprived him of a fair trial in 2020 by allowing prosecutors to call witnesses who said Mr. Weinstein had assaulted them — but whose accusations were not the basis for any of the charges against him. Responding on Thursday, the Manhattan district attorney, Alvin L. Bragg, announced that he would seek to prosecute Mr. Weinstein again. “We will do everything in our power to retry this case, and remain steadfast in our commitment to survivors of sexual assault,” a spokeswoman for Mr. Bragg’s office said. The case was originally prosecuted by his predecessor, Cyrus R. Vance Jr.
Persons: Harvey Weinstein, Weinstein’s, Weinstein, Alvin L, Bragg, Mr, , , Cyrus R, Vance Jr Organizations: Hollywood, New, Appeals, Mr Locations: Manhattan
Self-pardoning wasn't on the table at Thursday's Supreme Court hearing. The Supreme Court has never ruled on whether such a move would be permissible. The purpose of the hearing was for the Supreme Court to hear arguments over whether Trump should be immune from criminal prosecution for his conduct as president. He told Michael Dreeben, the lawyer representing Smith's team, that the question might be crucial as the Supreme Court deliberates the scope of presidential immunity. In order to obtain a pardon, he would have to be convicted and serve at least five years of a sentence.
Persons: Alito, , Donald Trump, could've, Trump, — Samuel Alito, Neil Gorsuch —, Jack Smith's, Smith, Gorsuch, he'll, We've, it's, Michael Dreeben, haven't, Gerald Ford, Richard Nixon, Dreeben, Joe Biden, Stormy Daniels Organizations: Thursday's, Trump, Service, NBC, Mar, DC Circuit, Justice Department's, Justice Department Locations: New York, Manhattan, Georgia
“He knows what he’s not allowed to do, and he does it anyway.”Conroy was referring to Trump’s incessant testing of a gag order protecting witnesses, court staff and the jury. “Michael Cohen is a convicted liar and he’s got no credibility whatsoever,” Trump said in an interview with WPVI Philadelphia. Trump could face a ladder of escalating sanctionsProsecutors now want Merchan to fine Trump $1,000 for each of 10 alleged violations of the gag order and to warn that imprisonment could be an option if he continues to flout restrictions. Trump claims the gag order stifles his right to free speech and to campaign as a presumptive party nominee. And while a dispute over one partial gag order might seem like a small wrinkle in an individual case, it conveys a wider truth about Trump’s impact on American life.
Persons: Chris Conroy, Donald Trump, , he’s, ” Conroy, Michael Cohen, Stormy Daniels, Juan Merchan, Trump, “ Michael Cohen, ” Trump, CNN’s John Miller, “ Judge Merchan, , Jeffrey Swartz, Jim Sciutto, CNN Max, lacerating, Merchan, Elizabeth Williams, Todd Blanche, doesn’t, CNN’s Erin Burnett, , Jack Smith’s, there’s, , Joe Biden’s, Volodymyr Zelensky, Biden, mishandle, He’s, president’s, Trump’s, George Conway, ” Conway, CNN’s Burnett Organizations: CNN, GOP, The New, Trump, Philadelphia, Prosecutors, New York City Department of Corrections, Cooley Law, US, Trump Organization, Conservative Political, Conference, Biden Locations: The New York, Washington ,, Georgia
Donald Trump was once, and may soon be again, the most powerful man in the world. But on Monday, his diminished reality as a criminal defendant will become clear during opening statements in his first criminal trial. Nothing is more antithetical to Trump’s lifelong operating assumption that because of who he is, he is immune from such accountability. Regardless of its outcome, this trial is underscoring how the presumptive GOP nominee is like no other presidential candidate in history. Read Collinson's full analysis ahead of opening statements in Trump's first criminal trial.
Persons: Donald Trump, he’s, Trump, Read, Trump's Organizations: White, Republican Locations: Manhattan
I moved to Alaska from Oregon to find work opportunities in the mining industry about 20 years ago. In Alaska, rotational work cycles can last up to six weeks with no break. During that time, I made just over $1,800 a week working nearly 82 hours a week. AdvertisementMy work opportunities are now limitedI plan to go back to rotational work after a year or two to enjoy life a little more. Then, I want to return to rotational work to have more time to enjoy life.
Persons: Justin Peterson, , I've, I'm, Justin Peterson I've Organizations: Service, Mining Locations: Alaska, Oregon, There's, Australia, Anchorage, Fairbanks, North, Wasilla , Alaska, Colorado
But on Monday, his diminished reality as a criminal defendant will become clear in humbling fashion during opening statements in his first criminal trial. The process, known as a Sandoval hearing, offered the ex-president a glimpse of personal and unflattering revelations that the trial could dredge up. The political case against the prosecutions was laid out by South Dakota Gov. But Noem rehearsed a political argument that Trump and his associates will be seeking to land as the trial goes ahead. But the deeply consequential political and personal stakes for the former president will become even clearer when the first trial begins for real on Monday.
Persons: Donald Trump, he’s, Trump, Joe Biden, , victimhood, He’s, , ” Trump, president’s, haggled, Sandoval, Stacey Schneider, Jean Carroll, ” Schneider, it’s, Stormy Daniels, Michael Cohen, David Pecker, Pecker, Joshua Steinglass, , Juan Merchan, Attorney Alvin Bragg, Bragg, Biden, There’s, Kristi Noem, ” Noem, CNN’s Dana, Noem, Cohen Organizations: CNN, White, Republican, Trump, American Media Inc, National Enquirer, Prosecutors, Manhattan, Attorney, Democratic, Mar, South Dakota Gov, New York Times Locations: Manhattan, North Carolina, New York, United States, “ State, Siena, Dakota
At law school, we learned about "proximate cause," one of the few valuable concepts you can take from three years of drudgery. But was that the proximate cause? No, the real proximate cause, the one that's really at fault, was the February unemployment report, which came out on March 8. At the time, many thought the proximate cause of Nvidia's pirouette was the performance of two chipmaker peers. Surely those two updates couldn't be the proximate cause of the peak of Nvidia, right?
Persons: It's, Let's, pirouette, Matt Murphy, Jay Powell, Powell, Zeus, Biden, Jim Umpleby, ferociously, Jeff Marks, Morgan Stanley, haven't, Mills, Jim Cramer's, Jim Cramer, Jim, Ann Wang Organizations: Nvidia, hasn't, Marvell Technology, Club, Broadcom, Marvell, Federal, Caterpillar, Microsoft, Nasdaq, Apple, Procter, Gamble, Jim Cramer's Charitable, CNBC, Micro Locations: It's, what's, Wells Fargo, Taipei, Taiwan
Jordan became the second Arab country to sign a peace deal with Israel in 1994. The kingdom was portrayed as shielding Israel at a time when Palestinians were being bombed by Israel in Gaza. One meme shared by users apparently outside Jordan showed a manipulated image of Jordan’s King Abdullah in an Israeli military uniform. “We are in the range of fire and any missiles or projectile that could fall in Jordan would cause harm to Jordan. Our priority is to protect Jordan and to protect Jordanian citizens.”And Jordan’s leadership seems intent on sending that message to its people.
Persons: Saddam Hussein, Jordan, Israel, King Abdullah, Bisher, , Ayman Safadi, CNN’s Becky Anderson, , Safadi, “ Jordan, Joe Biden, Benjamin Netanyaahu, Iran ”, Abdullah, Queen Rania Organizations: CNN, Israel, West Bank, Scud, United, Sunday, , Jordan, Zionist, Jordanian Royal Court Locations: Amman, Israel, Damascus, Iraq, Iran, Syria, Jordanian, United States, Jordan, Gaza, Tehran, Fars, Iranian, Mafraq
Read previewHenry Cavill and his girlfriend Natalie Viscuso are gearing up for a major milestone in their relationship: parenthood. October 27, 2022: Cavill and Viscuso make their red carpet debut at the world premiere of 'Enola Holmes 2'Henry Cavill and Natalie Viscuso at the world premiere of "Enola Holmes 2" at The Paris Theater on October 27, 2022, in New York. Advertisement"Partnering with Natalie Viscuso at Vertigo has been a blessing beyond words, without her we might not have found the perfect home at Amazon," he added. June 28, 2023: Viscuso supports Cavill at the season 3 premiere of 'The Witcher'Henry Cavill and Natalie Viscuso at the world premiere of season three of "The Witcher" on June 28, 2023, in London. January 24, 2024: Viscuso supports Cavill during the press tour for 'Argylle'Henry Cavill and Natalie Viscuso at the world premiere of the film "Argylle" on January 24, 2024, in London.
Persons: , Henry Cavill, Natalie Viscuso, Clark Kent, Viscuso, Natalie, Henry, he's, Cavill, Enola Holmes, Evan Agostini, Sherlock Holmes, Millie Bobby Brown, James Cameron's, Jordan Strauss, James Cameron, Scott Garfitt, Viscuco, Viscuso's, Scott A, Matthew Vaughn's, Argylle, Matthew Vaughn, Guy Ritchie's, Gus, Phillips Organizations: Service, Vertigo Entertainment, Legendary Entertainment, Business, Daily Mail, Hollywood, Paris Theater, The Paris Theatre, Dolby Theatre, Netflix, NYC, Ungentlemanly Locations: London, New York, New York City, Los Angeles, Rivia, South Korea
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