DIRS.INFO The most relevant business & tech news

☆ You probably think people are getting ruder and less nice than they were in the past. You're also probably wrong.
▼ + stars: | 2023-08-12 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +8 min

Another Gallup poll from 2019 similarly found 77% of people believed moral values in the US were getting worse. Interestingly, survey data also suggested people believed the moral decline began around the time of their birth, regardless of when they were born. At the same time, Mastroianni said the survey data suggests there hasn't actually been moral decline — just a consistent perception of it. Rather than morality declining, there's actually some evidence to suggest that people have higher morals than in the past. Another potential explanation for the illusion of morality decline could simply be the number of people in the world interacting is increasing.

Persons: Adam Mastroianni, Mastroianni, hasn't, I've, gdL8aM5Jrd — Adam Mastroianni, there's, SarhSipHQv — Adam Mastroianni Organizations: Service, Gallup, US, Federal Aviation Administration Locations: Wall, Silicon

☆ China’s sitting on a goldmine of genetic data – and it doesn’t want to share
▼ + stars: | 2023-08-11 | by ( Jessie Yeung | ) edition.cnn.com time to read: +14 min

The national survey and restrictions on foreign access are part of new regulations on China’s genetic resources, which came into effect in July. The national genetic surveyBiobanking in China – meaning the collection of biological samples – is still “very fragmented,” and in an “embryonic stage,” said Zhang. But these concerns aren’t new – and the national genetic survey seems to be geared more toward scientific research than other purposes, several experts agreed. But China has another motive, too: establishing what some experts call “genomic sovereignty,” meaning full control of the genetic material within their country. While many other countries also have laws regulating the use and transfer of their population’s genetic material, few are as strict as China’s.

Persons: Guang Niu, ”, Joy Y, Zhang, you’re, Wei Liang, ICHPL, Anna Puglisi, Puglisi, States –, Katherine Wang, ” –, Wang, “, Sun, Xi Jinping, Jiankui, Anthony Wallace, ” Zhang Organizations: Hong Kong CNN, Central South University, Centre for Global Science, biosciences, Shanxi Province Reproductive Science, Communist Party, Georgetown’s Center for Security, Emerging Technology, Gray, Group, CNN, Ministry of Science, Technology, National Health Service, National Institutes of Health, NIH Locations: Hong Kong, China, Changsha, Shanxi Province, Taiyuan, States, “, Wuhan, Xinijang, Xinjiang, Beijing, AFP, Harvard

☆ Italy's Leonardo to focus on 'bytes and data', new CEO says
▼ + stars: | 2023-07-28 | by ( Alvise Armellini | ) www.reuters.com time to read: +2 min

ROME, July 28 (Reuters) - Italy's state-controlled defence and aerospace group Leonardo (LDOF.MI) needs to focus on the fast-growing cybersecurity and space sectors to keep up with industry trends, its new CEO said on Friday. "Defence is increasingly made with bytes and data, instead of bullets," Cingolani said during a call with analysts, announcing a new industrial plan that will be unveiled in early 2024. In the first half of 2023, Leonardo's new orders rose to almost 8.7 billion euros ($9.60 billion), up 18.9% year-on-year, while group net debt fell to 3.6 billion euros from 4.8 billion euros in the first half of last year. H1 revenues were up 4.8% to just under 6.9 billion euros, while earnings before interest, taxes depreciation and amortisation (EBITDA) rose by 3.5% to 703 million euros. Leonardo's confirmed guidance for 2023 includes a forecast for new orders at around 17 billion euros, revenues in the 15-15.6 billion euro range, EBITA at 1.26-1.31 billion euros and group net debt of about 2.6 billion euros.

Persons: Leonardo, Roberto Cingolani, Cingolani, Leonardo's, Alvise Armellini, Gavin Jones, Deepa Babington Organizations: Defence, Thomson Locations: Ukraine, Italy, Britain, Japan, Leonardo's Milan

☆ Sberbank CEO tells Putin of huge returns on its AI investments
▼ + stars: | 2023-07-19 | by ( ) www.reuters.com time to read: +1 min

MOSCOW, July 19 (Reuters) - Russia's dominant lender Sberbank (SBER.MM) is making around $3 billion each year from artificial intelligence, a return on investment of about 200%, CEO German Gref told Russian President Vladimir Putin on Wednesday. Advances in generative AI by firms such as startup OpenAI, backed by Microsoft (MSFT.O), are stimulating excitement about the potential benefits for business and society. "Every year we invest a sum of around $1 billion in artificial intelligence technology," Gref told Putin at a televised event in the Kremlin. "And we get about $3 billion back from artificial intelligence." During his time at Sberbank's helm, Gref has overseen investments in artificial intelligence, cloud services, big data and smart devices, transforming the former Soviet savings bank's image.

Persons: Gref, Vladimir Putin, Putin, Sberbank, Vladimir Soldatkin, Alexander Marrow, Alexandra Hudson Organizations: Microsoft, Alexandra Hudson Our, Thomson Locations: MOSCOW, Russia, Soviet Union, Sberbank's, Ukraine

☆ Big Histories for the Big Future
▼ + stars: | 2023-07-18 | by ( Francis Fukuyama | ) www.nytimes.com time to read: +2 min

Worse, the path to safety is not clear; simply getting past the next election without the democratic system grinding to a halt seems like a big achievement. Both authors had predicted, by a decade or more, that a period of great crisis would arrive around 2020, though neither foresaw a pandemic. He proposes a cyclical scheme of societal rise and subsequent disintegration based on a “wealth pump,” whereby elites get richer and ever more entrenched. Inequality, if left unchecked, grows to the point that the system fragments and has to be rebuilt from the ground up. Such is the situation today in America, where oligarchy has become so extreme that a huge redistribution of power needs to take place.

Persons: Neil Howe, Peter Turchin, Neil Howe’s “, Peter Turchin’s Organizations: Elites Locations: Ukraine, America

HONG KONG, July 18 (Reuters) - China plans to appoint the CEO of state-owned telecoms giant China Unicom (0762.HK), (600050.SS), Liu Liehong, as the head of its new national data bureau, four sources said, putting him in charge of efforts to make the country a digital superpower. China announced plans for the data bureau in March as part of a sweeping government reshuffle. Its formation is part of efforts to achieve President Xi Jinping's vision of a "digital China", where data is managed alongside labour and capital as a key economic driver. China's internet regulator, the Cyberspace Administration of China (CAC), will also transfer some staff to the data bureau, said one source. "Whether Mr. Liu Liehong will take up any role in the National Data Bureau shall be subject to the decision of the PRC government," it added.

Persons: Liu Liehong, Liu, Xi, China Unicom, Julie Zhu, Kevin Huang, Jane Xu, Brenda Goh, Sam Holmes Organizations: HK, National Data Bureau, Reuters, China, Tech Development Department, Cyberspace Administration of China, CAC, Information Office, National, Bureau, China Electronics Technology Group Corporation, Ministry of Industry, Information Technology, Communist Party, Committee, Thomson Locations: HONG KONG, China, Hong Kong, Chengdu, Sichuan province

☆ India's Wipro commits $1 bln investment into AI
▼ + stars: | 2023-07-12 | by ( ) www.reuters.com time to read: +1 min

BENGALURU, July 12 (Reuters) - Indian IT services provider Wipro Ltd (WIPR.NS) said on Wednesday it planned to invest $1 billion into artificial intelligence (AI) over the next three years. The investments will focus on the expansion of AI, big data, and analytics solutions, as well as developing new research and development and platforms, it said in an exchange filing. This comes almost a week after rival Tata Consultancy Services (TCS.NS) said it planned to train 25,000 engineers to get them certified on Microsoft's (MSFT.O) Azure Open AI. Companies across the world, from banks to big tech, have doubled down on investments in AI after ChatGPT, a generative AI chatbot by Microsoft-backed OpenAI took the world by storm in late 2022. "Especially with the emergence of generative AI, we expect a fundamental shift up ahead, for all industries," Wipro CEO Thierry Delaporte said.

Persons: OpenAI, Thierry Delaporte, Navamya Ganesh, Rashmi Organizations: Indian IT, Wipro, Tata Consultancy Services, Companies, Microsoft, Wipro ai360, Thomson Locations: BENGALURU, Indian, Bengaluru

☆ Elon Musk’s secret game plan for Tesla
▼ + stars: | 2023-07-06 | by ( Adam Rogers | ) www.businessinsider.com time to read: +9 min

"Tesla is happy to support other EVs via our Supercharger network," Tesla CEO Elon Musk tweeted, replying to President Joe Biden's announcement. And by tapping into a vehicle's battery management system, Tesla may be able to get even more data from its competitors. There were jokes for years that Tesla was actually a carbon-credit company pretending to be a car company. For a while it looked as if it were going to be an insurance company pretending to be a car company. Now, I think it's going to be a data company — which may just be the thing that winds up keeping it afloat.

Persons: who's, Tesla, Elon Musk, Joe Biden's, Mike Ramsey, it's, Samrat Acharya, Ford, Elon, they'll, Big, Adam Rogers Organizations: Ford, GM, Gartner, cybersecurity, Twitter, Big Locations: United States, Teslas, Silicon Valley

☆ US antitrust enforcer says generative AI 'raises competition concerns'
▼ + stars: | 2023-06-29 | by ( ) www.reuters.com time to read: +1 min

WASHINGTON, June 29 (Reuters) - Generative AI, which is best known for ChatGPT, raises competition concerns and is a focus of the Federal Trade Commission's Bureau of Technology along with its Office of Technology, the agency said in a blog post by the staff of the two offices. "Generative AI depends on a set of necessary inputs. If a single company or a handful of firms control one or several of these essential inputs, they may be able to leverage their control to dampen or distort competition in generative AI markets," the staff said in the blog post. "The FTC’s Bureau of Competition, working closely with the Office of Technology, is focused on ensuring open and fair competition, including at key inflection points as technologies develop. Generative AI represents one of these paradigm shifts," the staff of the offices said.

Persons: Diane Bartz, Chris Reese Organizations: Federal Trade Commission's Bureau of Technology, Technology, Competition, Thomson

Finance Minister Shunichi Suzuki said on Tuesday: "We will closely watch currency market moves with a strong sense of urgency and will respond appropriately if the moves become excessive." Japan intervened to boost the yen last year when it weakened past the 145 per dollar level. "Euro-dollar is a bit stronger this morning, we had probably a bit of help from hawkish ECB (European Central Bank) comments this morning," said ING's Pesole. Latvian central bank governor and ECB official Martins Kazaks said in Portugal on Tuesday that the central bank will likely keep hiking interest rates after July. China's central bank set its daily yuan fixing stronger than market expectations for a second day in a row on Tuesday.

Persons: paring, Shunichi Suzuki, Francesco Pesole, ING's Pesole, Martins Kazaks, Kazaks, Christine Lagarde, Jerome Powell, Andrew Bailey, Kazuo Ueda, Lagarde, Vladimir Putin, Wagner, Sterling, Harry Robertson, Rocky Swift, Barbara Lewis, Conor Humphries, Chizu Organizations: Central, . Finance, Bank of Japan, ING, hawkish ECB, European Central Bank, ECB, Federal, Bank of England, Wednesday, Thomson Locations: TOKYO, Japan, Sintra, Portugal, Latvian, Russian, China, China's, London, Tokyo

☆ Interest rates have broken the global wealth pump
▼ + stars: | 2023-06-23 | by ( Edward Chancellor | ) www.reuters.com time to read: +7 min

Rising inflation and higher interest rates would appear to make matters even worse. In the United States, immigration and the offshoring of manufacturing has undercut the power of labour. Ultra-low interest rates proved the greatest wealth pump ever devised, loading the dice in favour of the financial elite. Since the turn of the century, when the Federal Reserve under Alan Greenspan reduced interest rates to a new post-war low, wealth has consistently grown faster than GDP. That’s where higher interest rates come in.

Persons: Leonard Cohen, Peter Turchin, “ cliodynamics ”, Clio, Turchin, Hong Xiuquan, Andrew Carnegie, Henry Clay Frick, ”, Donald Trump, ” Turchin, Alan Greenspan, Peter Thal Larsen, Oliver Taslic Organizations: Reuters, Times, Elites, Steel, Reuters Graphics Reuters, Wall Street, Federal Reserve, McKinsey Global Institute, McKinsey, Thomson Locations: United States, France, China, Taiping, Japan

☆ A 20-year fund manager shares 8 mega-trend stocks he's betting will take market share — and the 5 he's shorting
▼ + stars: | 2023-06-23 | by ( Laila Maidan | ) www.businessinsider.com time to read: +8 min

Gary Black says the stock market will continue to trend higher with volatility this year. What the remainder of 2023 has in store for the stock market is anyone's guess at this point. But Gary Black, a 20-year fund manager, and the portfolio manager and managing partner at The Future Fund, has a more positive outlook. The next mega trend is big data and cyber security. mega trend losersOn the side of stocks being shorted, these are the companies that Black expects will lose market share due to these mega trends.

Persons: Gary Black, Phillip Wool, it's, Black, He's, cybertruck, Tesla, Elon Musk, Eli Lilly, Lilly, LULU, Armour Organizations: Federal, Federal Reserve, EV, Tesla, Company, Palo Alto Networks, Nvidia, Toyota, CNBC, Bloomberg, UA, MAX Holdings Locations: China's, overproducing

☆ EU's industry chief defends data rules criticised by Big Tech
▼ + stars: | 2023-06-23 | by ( Foo Yun Chee | ) www.reuters.com time to read: +2 min

BRUSSELS, June 23 (Reuters) - European Union industry chief Thierry Breton on Thursday defended draft rules aimed at preventing non-EU governments from gaining illegal access to EU data, saying they were not protectionist. The draft Data Act, which Breton proposed early last year, is in the final stage of negotiations between the European Commission, EU countries and EU lawmakers. "Our European data strategy is to unlock a wealth of big data and set out how that data should be shared, stored and processed. Big U.S. tech companies have said the Data Act could impede international data transfer, and European companies have also criticised it. He will seek to persuade them to sign up to his AI Pact that aims to get companies to implement EU AI rules ahead of their enforcement in two years' time.

Persons: Thierry Breton, Breton, Elon Musk, Mark Zuckerberg, Jensen Huang, Sam Altman, Foo Yun Chee, Barbara Lewis Organizations: Union, European Commission, EU, Big U.S, Siemens, SAP, Twitter, Meta, Nvidia, Singapore, Thomson Locations: BRUSSELS, San Francisco, Asia, Europe

The logo of the Alibaba office building is seen in downtown Huangpu District in Shanghai, China, June 16, 2023. Alibaba Group said in a surprise announcement Tuesday Eddie Wu will succeed Daniel Zhang as its chief executive, a move that will free Zhang to focus on the company's cloud intelligence business. "As everyone is well aware, the development of core technologies such as cloud computing, big data and AI will lead to a tremendous transformation of our society and is of utmost strategic significance," Zhang said in an internal memo to Alibaba staff. "Cloud Intelligence Group is now full speed ahead on its spin-off plans and we are approaching a crucial stage of the process, so it is the right time for me to dedicate my full attention and time to the business," he added. Alibaba shares pared losses after the announcement and were trading down 1% in Hong Kong on Tuesday afternoon.

Persons: Eddie Wu, Daniel Zhang, Zhang Organizations: Alibaba, Cloud Intelligence Group Locations: Huangpu District, Shanghai, China, Beijing, Hong Kong

☆ 'When we meet again, may we all be carefree': Read the outgoing Alibaba CEO's memo to staff
▼ + stars: | 2023-06-20 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +5 min

Read the full memo Zhang sent to Alibaba employees:My fellow Aliren,Since becoming CEO of Alibaba Group in May 2015, it has become my custom to send several letters to everyone every year. In turn, the Alibaba board of directors has appointed Joseph C. Tsai to succeed me as Chairman and Eddie Yongming Wu to succeed me as Chief Executive Officer. Time flies, and this year marks my 16th year at Alibaba Group. My appointment as CEO and Chairman of Alibaba Group was beyond my imagination. Daniel ZhangAlibaba Group Chairman and CEOAlibaba Cloud Intelligence Group Chairman and CEO2023.6.20

Persons: Zhang, Alibaba, Joseph C, Tsai, Eddie Yongming Wu, Joe, Eddie, hopefuly, Daniel Zhang Alibaba, 2023.6.20 Organizations: CNBC, Alibaba Group, Cloud Intelligence, Cainiao Smart Logistics, Cloud Intelligence Group, Alibaba Locations: Alibaba

Sinochem was not immediately available for comment, while Pirelli declined to comment. Sources had previously told Reuters that the government was concerned about Sinochem's growing influence on Pirelli, as the proposed pact would have allowed the Chinese group to appoint more board members and potentially choose Pirelli's future CEOs. Founded in 1872, Pirelli is one of Italy's most storied companies. CHANGES NEEDEDMeloni's government refrained from imposing even tougher conditions on Sinochem, including blocking its voting rights in Pirelli. The Chinese group earlier this year confirmed its plans to remain a long-term investor in Pirelli.

Persons: China's Sinochem, Marco Tronchetti Provera, Giorgia, Sinochem, Rome, Camfin, Giorgio Bruno, Tronchetti Provera, Alvise Armellini, Giuseppe Fonte, Giulio Piovaccari, Sandra Maler Organizations: Beijing, tyremaker Pirelli, Camfin, Pirelli, Reuters, Big, Ferrari, Porsche, BMW, Formula, Initiative, Thomson Locations: Beijing ROME, China, Beijing, Italy, Europe, Rome, Milan

☆ Rising the ranks at Citadel Securities: How this 31-year-old rose from intern to head of foreign exchange in 5 years
▼ + stars: | 2023-06-16 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +9 min

At 31, Soeren Kuenzel runs Citadel Securities' FX team, overseeing hundreds of billions in trades. Just ask Soeren Kuenzel, the head of foreign-exchange trading at Citadel Securities who's now responsible for billions in complicated currency trades at just 31 years old. It was sponsored by Citadel, the hedge-fund firm led by the billionaire Ken Griffin, alongside the market maker Citadel Securities. Citadel Securities, launched by Griffin in 2002, is one of the biggest trading houses matching sellers and buyers of stocks, bonds, and currencies across the globe. He finished his doctorate at Berkeley in 2019 and began working that fall as a quant researcher at Citadel Securities full time in Chicago.

Persons: Soeren, Soeren Kuenzel, Kuenzel, Ken Griffin, Griffin, Fang Wu, Wu, It's, Yale's, I've, he's, that's, Alex Morell Organizations: Citadel Securities, FX, University of California, Facebook, Apple, Citadel, New York Stock Exchange, Chicago, Berkeley, Yale's men's, Cape, Cape Florida Lighthouse Locations: Berkeley, Miami, Europe, Chicago, Germany, Cape Florida

☆ Fintechs need to focus on the future to develop tomorrow's solutions today
▼ + stars: | 2023-06-12 | by ( Sponsor Post | Created Unlimit With Insider Studios | ) www.businessinsider.com time to read: +6 min

The future is DeFiDecentralized finance (DeFi) has gained significant traction in recent years, offering a new paradigm for financial services that are open, transparent, and community-driven. DeFi adoption will significantly enhance the concept of "embedded finance," and we will see more integration of financial services with traditionally non-financial services or products. Foresee market structure trends and shape them proactivelyWhile fintech's growth in developed markets is undeniable, even more significant potential for growth lies in developing economies. This will empower customers to make payments swiftly and conveniently, ultimately driving higher adoption and usage of fintech solutions. With the fintech industry projected to reach $492.81 billion by 2028, the time to start looking into tomorrow is now.

Persons: Irene Skrynova, Statista Organizations: Intelligence, Central Bank, Allied Market Research, Finance, World Bank, Insider Studios Locations: China, India, Eastern Europe, Africa

☆ Chinese quants redouble AI bets amid ChatGPT frenzy
▼ + stars: | 2023-06-05 | by ( ) www.reuters.com time to read: +4 min

REUTERS/Thomas White/Illustration/File PhotoSHANGHAI/SINGAPORE, June 5 (Reuters) - Chinese quant hedge fund managers are rushing to explore ChatGPT-style tools, embracing the emerging AI technology that has sparked a global frenzy since the release of the widely popular Microsoft-backed OpenAI chatbot. His hedge fund already uses ChatGPT to better understand a company's fundamentals and avoid value traps, project earnings power, and identify investment opportunities and risks. A ChatGPT-like tool boosts quants' ability to process text-related data, said Feng Ji, chairman of Baiont Capital. Feng's hedge fund, backed by former Google China chief and AI veteran Kai-Fu Lee, has invested heavily in hardware to enhance computing power required for model-training. Regulators are looking for ways to tackle the impact of generative AI technology.

Persons: Thomas White, Steve Chen, Feng Ji, ChatGPT, Feng, Kai, Fu Lee, Feng's, Larry Cao, Cao, it's, Samuel Shen, Tom Westbrook, Himani Sarkar Organizations: Microsoft, Baiont, Google China, Flyer, Zhishan Investment, Wall, Regulators, HK, Baidu, CFA Institute, Thomson Locations: SHANGHAI, SINGAPORE, Shanghai, Beijing, Feng's Nanjing, China

☆ China Investing in Open-Source Intelligence Collection on the U.S.
▼ + stars: | 2023-06-01 | by ( Julian E. Barnes | ) www.nytimes.com time to read: +4 min

Why It Matters: Beijing’s open-source intelligence collection could give it an advantage. As the relationship between the United States and China has become more adversarial, both countries are investing more in their intelligence collection capabilities. For example, the report details some of the work one prominent Chinese open-source intelligence company has done to analyze publicly available insights from the Office of Net Assessment, the Pentagon’s in-house think tank. Naval War College has a China Maritime Studies Institute, and it produces a lot of open-source research on China,” said Zoe Haver, a threat intelligence analyst with Recorded Future. China’s secret intelligence-gathering abilities have grown in leaps and bounds in recent decades, and Beijing’s investment in open-source information has intensified over the last decade.

Persons: ”, Zoe Haver, Ms, Haver Organizations: Naval War College, U.S . Naval, China Maritime Studies Institute, ”, ., China’s, Liberation Army Locations: United States, China, Newport, R.I, Taiwan, States, Beijing

☆ Broadcom forecasts third-quarter revenue above estimates on AI boost
▼ + stars: | 2023-06-01 | by ( Tiyashi Datta | ) www.reuters.com time to read: +2 min

June 1 (Reuters) - Broadcom Inc (AVGO.O) forecast third-quarter revenue above market estimates on Thursday, as it benefits from massive corporate investments in AI-related technologies. Broadcom Chief Executive Hock Tan said generative AI could account for more than 25% of the company's semiconductor revenue in 2024. Broadcom supplies chips used in data centers for networking and specialized chips that speed up AI work. It released a new chip for wiring together supercomputers for AI work using networking technology in April. Broadcom forecast current-quarter revenue of about $8.85 billion, while analysts polled by Refinitiv are expecting revenue of $8.72 billion.

Persons: ChatGPT, Hock Tan, Tan, Kinngai Chan, Refinitiv, Chavi Mehta, Tiyashi Datta, Anil D'Silva Organizations: Broadcom Inc, Broadcom, Nvidia, Nvidia Corp, Revenue, Thomson Locations: San Jose , California, Bengaluru

☆ Xi Jinping says China's national security is faces a 'complex and grave' situation
▼ + stars: | 2023-05-31 | by ( Nectar Gan | ) edition.cnn.com time to read: +4 min

“The complexity and difficulty of the national security issues we now face have increased significantly,” Xi said Tuesday at a meeting of the party’s National Security Commission, state news agency Xinhua reported. Since coming to power a decade ago, Xi has made national security a key paradigm that permeates all aspects of China’s governance, experts say. He has expanded the concept of national security to cover everything from politics, economy, defense, culture and ecology to cyberspace. Under Xi’s notion of “comprehensive national security,” China has introduced a raft of legislation to protect itself against perceived threats, including laws on counter-terrorism, counter-espionage, cybersecurity, foreign non-government organizations, national intelligence and data security. In Hong Kong, a sweeping national security law was imposed by Beijing to stamp out dissent after huge democracy protests roiled the city.

Persons: Xi Jinping, ” Xi, “, Xi, Bill Bishop, Mintz, ” Organizations: Hong Kong CNN, party’s National Security Commission, Xinhua, Bain & Company, Mintz Group, Astellas Pharma Locations: Hong Kong, Communist, Beijing, China, People’s Republic of China, American

☆ 30 stocks with 'strong buy' ratings from Wall Street's top analysts, according to a fintech company that uses AI to track and analyze big data
▼ + stars: | 2023-05-27 | by ( Laila Maidan | ) www.businessinsider.com time to read: +1 min

Goldman Sachs called 2023 a stock-picker's environment. Each one includes the top analyst's percentage-upside forecast. Below is a list of the 30 stocks that top analysts are most frequently dubbing with "strong buy" ratings. The lineup was compiled by TipRanks, a fintech company that uses artificial intelligence to analyze data. Each slide includes the top analyst's percentage-upside forecast.

☆ Europe is producing more startup 'mafias' than ever despite tech rout
▼ + stars: | 2023-05-24 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

The average time taken for a startup to hit unicorn status in Europe is now just seven years, according to Accel. Of the 353 "unicorn" companies in the region, 221 have spun out 1,171 new tech-enabled startup companies as employees at these firms left to start up their own ventures, Accel said, citing Dealroom data. Startup mafias have existed for decades. These "mafias," which are firms started by employees of other tech firms, have historically led to the creation of some of the largest tech companies known today. The largest cohort of newly established startup mafias comes from fintech, with almost 20% of European startups spun out of unicorns operating in the sector.

Persons: Accel, Elon Musk, Peter Thiel, Niklas Zennstrom, Taavet Hinrikus, I'd, Harry Nelis, Klarna, Wise Organizations: Accel, Spotify, PayPal, Elon, Ventures, Fund, Shell, Unilever, CNBC, Startup Locations: Europe, Israel, American, Silicon Valley, West Coast, Palo Alto, Netherlands, fintech

☆ ‘Uncle Roger’ jokes about China and censors don’t see the funny side
▼ + stars: | 2023-05-22 | by ( Chris Lau | ) edition.cnn.com time to read: +4 min

By Saturday his account on China’s highly censored Weibo platform had been barred from creating new posts. ‘Don’t make him disappear’Ng, 32, shot to fame three years ago with a video of Uncle Roger – an outspoken middle-aged man who speaks with a thick Malay accent – making fun of BBC Food presenter Hersha Patel’s way of cooking Chinese-style egg-fried rice. The sketch Ng posted on Twitter last week was filmed at his recent stand-up tour, which broached more political subjects. In one clip, after learning that an audience member is from China’s southern Guangzhou province, Uncle Roger says China is a “good country.”“We have to say that now, correct? “Uncle Roger good comrades,” he quipped.

Search resuls for: "Big Data"

25 mentions found