DIRS.INFO The most relevant business & tech news

☆ Middle East Crisis At Least 20 Killed in Attack While Waiting for Aid, Gaza Officials Say
▼ + stars: | 2024-03-15 | by ( The New York Times | ) www.nytimes.com time to read: +6 min

It also called for “continuing the reform process.”Much of the Palestinian public sees the Palestinian Authority as tainted by corruption, mismanagement and cooperation with Israel. As president, Mr. Abbas remains firmly in charge of the government. With no functional parliament, Mr. Abbas has long ruled by decree, and he exerts wide influence over the judiciary and prosecution system. What’s the change?” said Mr. Qudwa, a fierce opponent of Mr. Abbas, who is also known as Abu Mazen. For weeks, Mr. Abbas has signaled his desire to appoint Mr. Mustafa.

Persons: Mahmoud Abbas, Muhammad Mustafa, Abbas, Mustafa, Majdi Mohammed, “, Mohammed Shtayyeh, Mr, Benjamin Netanyahu, Biden, Adrienne Watson, Nasser, Mohammed, Muhammad, ”, Qudwa, Abu Mazen, “ Abu Mazen, Borge Brende, ” Ibrahim Dalalsha Organizations: Palestinian Authority, Palestinian, Hamas, West Bank, Israel, United, Authority, National Security Council, George Washington University, Washington , D.C, Palestine Investment Fund, ”, Gaza, Horizon Center, Political Studies, Media Locations: Gaza, Israel, Palestinian, Hamas, United States, Washington ,, Davos, Ramallah, West

☆ Middle East Crisis Palestinian Authority Leader Expected to Choose Insider as Prime Minister
▼ + stars: | 2024-03-14 | by ( Adam Rasgon | ) www.nytimes.com time to read: +6 min

President Mahmoud Abbas of the Palestinian Authority has signaled his desire to appoint Muhammad Mustafa, a close economic adviser, as prime minister. Mr. Abbas could change his mind, and a decision to appoint Mr. Mustafa will only be final if Mr. Abbas signs a decree. Much of the Palestinian public sees the Palestinian Authority as tainted by corruption, mismanagement and cooperation with Israel. In the Palestinian Authority, the prime minister is supposed to oversee the work of ministries, but Mr. Abbas often intervenes in decision-making, according to analysts. He has previously been the authority’s economy minister and deputy prime minister.

Persons: Mahmoud Abbas, Muhammad Mustafa, Abbas, Mustafa, Mr, Majdi Mohammed, Mohammed Shtayyeh, “, Benjamin Netanyahu, Biden, Nasser, Mohammed, Muhammad, ”, Qudwa, Abu Mazen, “ Abu Mazen, Borge Brende, Jehad Harb Organizations: Palestinian Authority, Palestinian, Union, European Union, Press, West Bank, United, Authority, Israel, George Washington University, Washington , D.C, Palestine Investment Fund, Gaza Locations: Gaza, Israel, Hamas, United States, Palestinian, Washington ,, Davos, Ramallah

☆ Salesforce's behind-the-scenes co-founder is tackling Slack as software company turns 25
▼ + stars: | 2024-03-09 | by ( Jordan Novet | ) www.cnbc.com time to read: +16 min

"The V2MOM had nothing about generative AI," Parker Harris, who co-founded the company with Benioff, told CNBC in an interview. Harris, a Salesforce board member and now the technology chief of Slack, which Salesforce bought in 2021, said he'd rather avoid the limelight. Without the Data Cloud, Harris told CNBC, "I think we would have been in a much worse place." He told Benioff he'd redo the plan, the person said. They'll be talking more frequently, as Harris said they're about to kick off weekly meetings on Slack and Salesforce integrations.

Persons: Parker Harris, Marlena Sloss, Marc Benioff, ChatGPT, Benioff, Salesforce, Harris, Slack, he'd, Sam Altman, Noah Berger, Robin, Batman, Frank Dominguez, Dave Moellenhoff, Bobby Yazdani, Larry Ellison, Yazdani, Dominguez, Brett Queener, who's, Queener, Salesforce.com, He's, Ruth Asawa, Josef Albers, Miles Davis, Donald Trump, Jason Alden, Marc, Kara Swisher, David Paul Morris, Adam Selipsky, it's, Stewart Butterfield, Lidiane Jones, Cal Henderson, Benioff's, Parker, Noah Weiss, Denise Dresser, Weiss, Parker Harris emoji, They'll, Salesforce integrations, Stefan Slowinski Organizations: Salesforce, Bloomberg, Getty, CNBC, Google, Microsoft, Middlebury College, Apple, San, San Francisco Bay Area, Metropolis Software, Software, Saba Software, Oracle, San Francisco's Telegraph, YouTube, Facebook, Economic, Salesforce.com Inc, Web, VMware, Employees Locations: San Francisco, Silicon Valley, English, Vermont, North Carolina, San Francisco Bay, Moellenhoff, Kincaid's, Burlingame, San Francisco's, Salesforce, France, Italy, Nantucket, San, Pacific, Davos, Switzerland, Cliff, New York, Las Vegas, Hawaii

☆ '3 Body Problem' is not 'Game of Thrones' with aliens — but it's just getting started
▼ + stars: | 2024-03-09 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +7 min

Similarly, it's hard to tell how "3 Body Problem" will pan out even from its first season, which by the end still feels like it's only barely gotten started. Netflix"3 Body Problem" is based on Chinese author Liu Cixin's "Remembrance of Earth's Past" trilogy. The modern-day storyline is less compelling — at least so farJin Cheng (Jess Hong) and Jack Rooney (John Bradley) in "3 Body Problem." "3 Body Problem" has a "Contact"-like bent, in that it attempts to use science and extraterrestrial life to interrogate the idea of God itself. But "3 Body Problem" is worth your time, if at least to see what some of television's greatest hitmakers have taken on next.

Persons: David Benioff, Weiss, Liu Cixin's, Alexander Woo, —, Benioff, Carl Sagan fan's, Ye Wenjie, Ye Zhetai, he's, she's, Wenjie, Rosalind Chao, Tseng, Derek Tsang, Jin Cheng, Jess Hong, Jack Rooney, John Bradley, Ed Miller, alums, Da Shi, Benedict Wong, Thomas Wade, Liam Cunningham, Ye, Woo, It's, Ye Wenjie's Organizations: Netflix, Service, HBO, Amazon's, Tsinghua University Locations: China, Mongolia, London, Oxford

☆ Sam Altman rejoins OpenAI board of directors as investigation into his ouster comes to a close
▼ + stars: | 2024-03-08 | by ( Hayden Field | ) www.cnbc.com time to read: +7 min

Sam Altman, CEO of OpenAI, attends the 54th annual meeting of the World Economic Forum, in Davos, Switzerland, on Jan. 18, 2024. OpenAI on Friday announced its new board and the wrap-up of an internal investigation by U.S. law firm WilmerHale into the events leading up to OpenAI CEO Sam Altman's ouster. Sam Altman will also rejoin OpenAI's board. "We have unanimously concluded that Sam and Greg are the right leaders for OpenAI," Bret Taylor, chair of OpenAI's board, said in a release. Since then, OpenAI has announced new board members, including former Salesforce co-CEO Bret Taylor and former Treasury Secretary Larry Summers.

Persons: Sam Altman, OpenAI, WilmerHale, Sam Altman's, OpenAI's, Sue Desmond, Hellmann, Melinda Gates, Nicole Seligman, Fidji Simo, Adam D'Angelo, Larry Summers, Bret Taylor, Greg, Sam, Taylor, Altman, Bret, Larry, Mira Murati, Mira, Helen Toner, Tasha McCauley, Ilya Sutskever, Ilya, Elon Musk, Greg Brockman, Musk, –, Toner, McCauley, Altman's Organizations: Economic, Friday, Melinda Gates Foundation, Pfizer, Advisors, Science, Technology, Global, Sony, Sony Entertainment, Paramount Global, Meira, Inc, Shopify, OpenAI, Microsoft, Fortune, Lawyers, CNBC, SpaceX, Nvidia Locations: Davos, Switzerland, President's, OpenAI's San Francisco, U.S, Saudi Aramco

☆ The breathtaking scope of Sam Altman's future AI empire
▼ + stars: | 2024-03-07 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +9 min

If Sam Altman is to achieve his dream of artificial general intelligence in his lifetime, that number will need to double or triple every year for the foreseeable future. These wide-ranging plans for global transformation go far beyond Altman's role as the CEO of generative AI behemoth OpenAI, developer of ChatGPT. EnergyThe first pillar of Altman's grand unified theory of the future rests on energy. Headlining the event was company chairman and investor Sam Altman, who appeared via video call projected on a towered cineplex. And Altman's AGI empire extends beyond just the energy and raw material required to build AGI.

Persons: Sam Altman, he's, Altman, it's, Max, Jack, Sam himself, Sam, David Kirtley, Helion, He's, Joe Betts Lacroix, Lacroix, where's, Joe Biden, Tade Oyerinde, Oyerinde, Ali Ghodsi, Ghodsi Organizations: Nvidia, Business, Elon, Altman, OpenAI, Energy, Bloomberg, Concorde, Wall Street, Retro Biosciences, Capitol, PAC Locations: Silicon Valley, OpenAI, Davos, New York, Redmond , Washington, Washington

☆ China sets GDP target of 'around 5%' for 2024
▼ + stars: | 2024-03-05 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +2 min

BEIJING — China set a growth target of "around 5%" for 2024, according to the "Government Work Report" released Tuesday. The targets for GDP and other economic indicators were published as part of the opening of the National People's Congress annual meeting. The work report emphasized the need to "ensure both high-quality development and greater security," preventing risks and maintaining social stability, among other tasks. The work report said that "internal drivers of development are being built up," but added the country should be "well prepared for all risks and challenges." More than 2,800 delegates attended the opening of the National People's Congress annual meeting in Beijing on Tuesday.

Persons: Li Qiang, Louise Loo Organizations: Economic, National People's, National Bureau of Statistics, Communist Party of China's, National People's Congress, IMF, Oxford Economics Locations: Davos, Switzerland, BEIJING, China, Beijing

Microsoft is accusing The New York Times of "unsubstantiated" claims in the publisher's lawsuit filed in December against OpenAI, a case that could have major implications for the future of generative artificial intelligence. In a motion to dismiss part of the suit on Monday, Microsoft said the Times presented a false narrative of "doomsday futurology" in which OpenAI's ChatGPT chatbot will decimate the news business. "In this case, The New York Times uses its might and its megaphone to challenge the latest profound technological advance: the Large Language Model," attorneys for Microsoft wrote. In its lawsuit, the Times accused OpenAI and Microsoft of copyright infringement and abusing the newspaper's intellectual property in training LLMs. A New York Times spokesperson didn't immediately respond to a request for comment.

Persons: Microsoft Corporation Satya Nadella, OpenAI, didn't Organizations: Microsoft Corporation, Economic, Microsoft, New York Times, OpenAI, Times, The New York Times Locations: Davos, Switzerland, OpenAI

Last week, Musk sued OpenAI and co-founders Sam Altman and Greg Brockman for breach of contract and fiduciary duty. "It's certainly a good advertisement for the benefit of Elon Musk," Kevin O'Brien, partner at Ford O'Brien Landy LLP and former assistant U.S. attorney, told CNBC. In the suit, Musk's lawyers say they want OpenAI to return to its work as a research lab and no longer exist for the "financial benefit" of Microsoft. Musk's attorneys didn't respond to a request for comment. Musk has an AI company of his own, X.AI, which introduced a competing chatbot called Grok in November after two months of training.

Persons: Elon Musk, Tesla, Beata Zawrzel, Elon, Musk, OpenAI, Sam Altman, Greg Brockman, It's, Kevin O'Brien, Ford O'Brien Landy, I'm, O'Brien, isn't, Shannon Capone Kirk, Ropes & Gray, Chris Ratliffe, Kirk, —, X.AI, He's, bigwigs, Andrej Karpathy, Kyle Kosic, OpenAI's, Jason Kwon, Kwon Organizations: Nurphoto, Microsoft, Elon, CNBC, Ropes &, Ropes & Gray LLP, Bloomberg House, Economic, Bloomberg, Getty, The New York Times, SEC, Tesla, X.AI, OpenAI Locations: Krakow, Poland, Davos, Switzerland, OpenAI

☆ Want an A-lister like Rihanna to perform at your wedding? Here's how much it could cost you.
▼ + stars: | 2024-03-05 | by ( Madeline Berg | ) www.businessinsider.com time to read: +5 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Advertisement"If you can afford it, why wouldn't you fly in your favorite artist to perform your favorite songs rather than simply listening to covers?" He had Beyoncé perform at a celebration for his daughter's 2018 wedding, and the next year had The Chainsmokers and Chris Martin at his elder son's wedding festivities. "Generally speaking, you will never beat the thrill of having a major artist perform at your wedding. That means stars may be more amenable to playing at a wedding or corporate party than previously.

Persons: Rihanna, Anant Ambani, Radhika Merchant, —, Bill Gates, Mark Zuckerberg, Ivanka Trump, India's, Mukesh Ambani, hasn't, Stuart McNeill, Craig David, Elton John, Nile Rodgers, Lady Gaga, Flo Rida, Sting, Andrea Bocelli, Kardashian, Chris Martin, it's, Ambani, Beyoncé, Alison Laesser, Alison Bryan, Keck, Usher, you'd, McNeill Organizations: Service, Business, Knightsbridge, Davos, Keck, Spotify, Apple, Forbes Locations: Gujarat, India, Baden, Chicago, New York, Dubai

☆ 'Stupidity' poses a bigger threat than AI, CEO of Italian defense giant Leonardo says
▼ + stars: | 2024-03-01 | by ( Sam Meredith | Www.Linkedin.Com In Samuelmeredith | ) www.cnbc.com time to read: +2 min

Roberto Cingolani, chief executive officer of Leonardo SpA, during an interview in London, UK, on Tuesday, Jan. 23, 2024. The chief executive of Italian defense group Leonardo said Friday that he's more concerned about the "stupidity" of users of artificial intelligence rather than the threats posed by the technology itself. "With this in mind, artificial intelligence is a tool. It is an algorithm made by humans, that is run by computers made by humans, that controls machines made by humans. I am more afraid, more worried [about] national stupidity than artificial intelligence to be honest," he added.

Persons: Roberto Cingolani, Leonardo SpA, Leonardo, he's, António Guterres, Guterres, CNBC's Organizations: U.N, Economic, International Monetary Fund, D.C Locations: London, Davos, Switzerland, Washington

☆ An Indian mega-party is attracting so many private jets that officials set up extra passport control for all the VIPs
▼ + stars: | 2024-03-01 | by ( Kieran Corcoran | ) www.businessinsider.com time to read: +2 min

Guests like Bill Gates, Mark Zuckerberg, and Ivanka Trump, led to a surge in private jets at the local airport. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . is underway in India, and the local airport is pulling out all the stops to cope. That kind of guestlist brings a long trail of private jets and the local airport in Jamnagar isn't built for it. It said around 50 of them were private jets coming from other countries, meaning passport control for their occupants.

Persons: India's Ambani, Bill Gates, Mark Zuckerberg, Ivanka Trump, —, Ambani, Anant, Radhika Merchant, Mukesh Ambani, Ajit Solanki, Sergei Brin, Mexico's Carlos Slim, It's, Larry Fink, Rihanna, Jamnagar isn't, Priscilla Chan, DK Singh Organizations: Service, Bloomberg, Reliance Industries, of, Immigration Locations: India, Jamnagar, Reliance Township, Indian, Gujarat, Davos, of India

☆ Elon Musk sues OpenAI and CEO Sam Altman over contract breach
▼ + stars: | 2024-03-01 | by ( Sam Meredith | Www.Linkedin.Com In Samuelmeredith | ) www.cnbc.com time to read: +1 min

Sam Altman, CEO of OpenAI, attends the 54th annual meeting of the World Economic Forum, in Davos, Switzerland, on Jan. 18, 2024. Elon Musk is suing Microsoft -backed OpenAI and its CEO Sam Altman, among others, alleging they abandoned the company's founding mission to develop artificial intelligence "for the benefit of humanity broadly." "To this day, OpenAI, Inc.'s website continues to profess that its charter is to ensure that AGI benefits all of humanity.' In reality, however, OpenAI, Inc. has been transformed into a closed-source de facto subsidiary of the largest technology company in the world: Microsoft," the lawsuit filing said. Musk's lawyers said in the lawsuit that OpenAI's focus on maximizing profits for Microsoft breaks that agreement.

Persons: Sam Altman, Elon Musk, Altman, OpenAI, Greg Brockman, Musk Organizations: Economic, Microsoft, San Locations: Davos, Switzerland, San Francisco

☆ Top executives say they’re training workers on AI. Managers and employees disagree
▼ + stars: | 2024-03-01 | by ( Rachel Curry | ) www.cnbc.com time to read: +6 min

There's a disconnect between the level of AI training that leadership teams believe they're giving their employees and the level of training that managers and employees think they're getting, research shows. Nearly three-quarters (73%) of C-suite executives believe their company fully embraces generative AI, including training for the technology, according to a 2023 Upwork survey. "Executives sometimes have a broad-brush approach to AI training," said Apratim Purakayastha, chief technology officer at Skillsoft. Plus, they were 1.9 times more likely to have a formal generative AI skills program in place for their workforce, as well as 3.8 times more likely to have a well-defined generative AI strategy. Generative AI, Monahan notes, can usher in a new era of productivity — if we let it.

Persons: Kelly Monahan, it's, Apratim Purakayastha, Monahan, Purakayastha, Job redesigns, Robert Solow, redesigns, that's, they're, — Organizations: Upwork's Research, IBM, Pew Research Locations: upskilling, American, Davos, Switzerland

☆ Anant Ambani pre-wedding bash: Celebrities, tycoons jet to Indian billionaire heir’s celebrations in Jamnagar
▼ + stars: | 2024-03-01 | by ( Story Reuters | ) edition.cnn.com time to read: +3 min

New Delhi Reuters —Charter jets for tycoons and celebrities, a performance by Rihanna and directions to don “jungle fever” outfits when visiting an animal rescue center — that’s how billionaire Mukesh Ambani is kickstarting big fat Indian wedding celebrations for his son. The occasion of the moment that has India transfixed is a three-day pre-wedding jamboree for his youngest son Anant Ambani, 28, who is set to marry his long-time girlfriend Radhika Merchant, 29. Anant is a director at Reliance’s new energy business and one of Ambani’s three children who are the heirs to his empire. Ambani also made headlines with his daughter Isha’s wedding in 2018 which was described by some as a mini-Davos summit. Guests to Anant Ambani’s celebrations are set to savor 500 dishes created by around 100 chefs.

Persons: Rihanna, Mukesh Ambani, Ambani, Anant Ambani, Radhika Merchant, Anant, David Blaine, Bill Gates, Meta’s Mark Zuckerberg, Gautam Adani, Kumar Mangalam Birla, Shah Rukh Khan, Salman Khan, Bob Iger, Hillary Clinton, John Kerry, Anant Ambani’s Organizations: Delhi Reuters —, Reliance, Forbes, Disney, Reliance’s, Encore, Former U.S, Reuters Locations: Delhi, India, Jamnagar, Reliance’s, Gujarat, Davos, Former, New Delhi, Mumbai

☆ A Billion-Dollar Donation (Without a Billion-Dollar Ego)
▼ + stars: | 2024-02-29 | by ( Ginia Bellafante | ) www.nytimes.com time to read: +2 min

A single summer party on Long Island might raise millions of dollars for Southampton Hospital. This facility in Florida would be called the Julia Koch Family Ambulatory Care Center. David Gottesman, known as Sandy, an investor and early acolyte of Warren Buffett’s, was not a creature of Page Six or TV, of divorce settlements, $500 million yachts, Davos or social-media diatribes. According to new research from CASE, an organization for academic administrators involved with fund-raising, $58 billion in charitable giving was turned over to colleges and universities during the 2023 fiscal year. It was the second highest amount on record, and the number of gifts totaling $100 million or more — 11 of them — surpassed the figure in 2022.

Persons: Julia Koch, Ruth Gottesman, David Gottesman, Warren Buffett’s Organizations: Albert Einstein College of Medicine, Philanthropy, Southampton Hospital, Care Locations: West Palm, Long, Florida, Sandy, Davos

☆ Mark Zuckerberg's Asia trip is all about making AI friends
▼ + stars: | 2024-02-28 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

Mark Zuckerberg isn't just in Asia to enjoy Japanese McDonald's and hit the ski slopes. The meetings will put Meta's AI and mixed reality ambitions front and center as competition grows. The likes of Meta's AI chief Yann LeCun have pushed back on suggestions that open-source AI is dangerous because the sheer volume of resources any bad actor would need to use an AI model maliciously makes it highly untenable. Meta's mission to build businessPoliticians won't be the only thing on Zuckerberg's mind on his Asian trip. Meta's line of mixed reality headsets, the Quests, finally face a formidable foe following Apple's release of the Vision Pro this month.

Persons: Mark Zuckerberg isn't, —, Mark Zuckerberg, Kokaji, Zuckerberg, Fumio Kishida, Sam Altman, Kishida, Yoon Suk, OpenAI's Altman, FABRICE COFFRINI, Yann LeCun, ROBYN BECK, Getty Zuckerberg, Jay Y, Lee Organizations: Service, Japan's, Japan Times, South, Bloomberg, Economic, Business, Meta, Vision, Apple, LG Electronics, Samsung Locations: Asia, Japan, Davos, South Korea, Switzerland, Seoul

☆ Salesforce shares slip after the company calls for single-digit full-year revenue growth
▼ + stars: | 2024-02-28 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Salesforce shares slid as much as 6% in extended trading on Wednesday after the business software maker issued a light revenue forecast for the new fiscal year. Here's how the company did, compared with estimates from LSEG:Earnings per share: $2.29, adjusted, vs. $2.26 expected$2.29, adjusted, vs. $2.26 expected Revenue: $9.29 billion, vs. $9.22 billion expectedSalesforce's revenue grew 10.8% year over year in the quarter, which ended on Jan. 31, according to a statement. Salesforce called for adjusted fiscal first-quarter earnings of $2.37 to $2.39 per share, with $9.12 billion to $9.17 billion in revenue. Analysts polled by LSEG had been expecting $2.20 in adjusted earnings per share on $9.15 billion in revenue. For the new 2025 fiscal year, Salesforce said it sees adjusted earnings of $9.68 to $9.76 per share and $37.7 billion to $38.0 billion in revenue.

Persons: Marc Benioff, Salesforce, LSEG Organizations: Salesforce, Economic, Amazon Web Services Locations: Davos, Switzerland

"Normal people do not use OpenAI's products in this way," OpenAI wrote in the filing. The news outlet's lawsuit, filed in December, seeks to hold Microsoft and OpenAI accountable for billions of dollars in damages. In the past, OpenAI has said it's "impossible" to train top AI models without copyrighted works. "We expect our ongoing negotiations with others to yield additional partnerships soon," OpenAI wrote in the filing. But in the filing, OpenAI says the content is vital to training today's AI models.

Persons: Sam Altman, OpenAI, Altman, Axel Springer, — CNBC's Ryan Browne Organizations: Economic, The New York Times, New York Times, Microsoft, House, Times, Bloomberg, CNN, Fox Corp, CNBC PRO Locations: Davos, Switzerland, Manhattan

☆ Jamie Dimon on Capital One's $35.3 billion Discover acquisition: 'Let them compete’
▼ + stars: | 2024-02-26 | by ( Hugh Son | ) www.cnbc.com time to read: +2 min

Jamie Dimon, President & CEO,Chairman & CEO JPMorgan Chase, speaking on CNBC's Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024. JPMorgan Chase CEO Jamie Dimon isn't worried about the added competition from a bulked-up Capital One if its $35.3 billion takeover of Discover Financial gets approved. Dimon, speaking to CNBC's Leslie Picker from a Miami conference, acknowledged that if regulators approve the Capital One-Discover deal, his bank will be eclipsed as the nation's biggest credit-card lender. The deal has two major components: the credit card business and the payment network, Dimon noted. It's unclear if Capital One can create a true alternative to the dominant card networks in Visa and Mastercard with this deal, Dimon said.

Persons: Jamie Dimon, JPMorgan, JPMorgan Chase, Jamie Dimon isn't, Dimon, CNBC's Leslie Picker, Richard Fairbank, Richard Organizations: JPMorgan Chase, JPMorgan, Discover Financial, Capital, Visa, Mastercard, American Locations: Davos, Switzerland, Miami

☆ Palo Alto Networks shares drop most since 2012 IPO
▼ + stars: | 2024-02-21 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Nikesh Arora, CEO of Palo Alto Networks, speaks on CNBC's "Squawk Box" at the WEF Annual Meeting in Davos, Switzerland, on Jan. 16, 2024. Palo Alto Networks shares dropped 28% on Wednesday, the worst trading session since the cybersecurity hardware and software maker's 2012 initial public offering. The company lowered its full-year billings outlook to a range of $10.1 billion to $10.2 billion, from $10.7 billion to $10.8 billion. The revenue guidance moved to a range of $7.95 billion to $8 billion, from $8.15 billion to $8.2 billion. WATCH: Chart of the Day: Palo Alto Networks

Persons: Nikesh Arora, Palo, Wells, Andrew Nowinski, Stefan Schwarz, Arora, — CNBC's Rohan Goswami Organizations: Palo Alto Networks, MGM Resorts, Defense, Systems, Rosenblatt Securities, Palo Alto Locations: Davos, Switzerland, 23andMe, U.S, Palo, billings

☆ Here's the playbook tech companies like AllTrails, Canva, and Kayak are using to dominate the charts in OpenAI's new GPT Store.
▼ + stars: | 2024-02-20 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +9 min

Its GPT, which generates images from text prompts, is currently ranked second overall on the GPT Store. And all three companies' GPTs have been highlighted at the top of the GPT Store website as "OpenAI's Picks." Advertisement"Sometimes finding trails can be overwhelming because there are so many different places to go," Graham told Business Insider. In addition to GPT Store, companies are thinking more broadly about how AI fits into their business models. "Now we're also investing time in using AI to make our team faster and more efficient, too."

Persons: —, OpenAI, Canva, Anwar Haneef, Matthias Keller, James Graham, Sam Altman, Graham, GPTs, Sam Altman's, Keller, we're, Haneef Organizations: Service, Business, Uber, Sequoia Capital Global, Bessemer Venture Partners, Greenoaks, Booking Holdings, OpenAI, Economic, Canva Locations: Davos, Canva, ChatGPT

☆ Insurance giant Swiss Re posts 580% jump in full-year profit, warns consumers about climate costs
▼ + stars: | 2024-02-16 | by ( Sam Meredith | Www.Linkedin.Com In Samuelmeredith | ) www.cnbc.com time to read: +1 min

Swiss Re CEO Christian Mumenthaler gestures during a session of the World Economic Forum (WEF) annual meeting in Davos on January 18, 2024. Insurance giant Swiss Re on Friday reported a sharp upswing in full-year profit, benefitting from what it described as an attractive market environment after a "batch of bad years." The Zurich-headquartered company posted full-year net profit of $3.2 billion, in line with expectations according to an LSEG-compiled consensus. Reinsurance refers to insurance for insurance companies. Looking ahead, Mumenthaler warned that the price of the climate crisis would soon be at the door of consumers for the first time.

Persons: Christian, Christian Mumenthaler, CNBC's, Mumenthaler Organizations: Swiss, Economic, Insurance, Swiss Re Locations: Davos, Zurich, Hurricane, Florida

☆ Microsoft, Google, Amazon and tech peers sign pact to combat election-related deepfakes
▼ + stars: | 2024-02-16 | by ( Hayden Field | ) www.cnbc.com time to read: +2 min

A group of 20 leading tech companies on Friday announced a joint commitment to combat AI misinformation in 2024 elections. The industry is specifically targeting deepfakes, which use deceptive audio, video and images to mimic key stakeholders in democratic elections or to provide false voting information. Microsoft , Meta , Google , Amazon , IBM , Adobe and chip designer Arm all signed the accord. News of the accord comes a day after ChatGPT creator OpenAI announced Sora, its new model for AI-generated video. The accord reflects the industry's effort to take on "AI-generated election misinformation that erodes trust," he said.

Persons: Sam Altman, OpenAI, Sora, Kent Walker, Christina Montgomery Organizations: Economic, Microsoft, Meta, Google, IBM, Adobe, Tech Locations: Davos, Switzerland

☆ What to expect as the 'Davos of Defense' kicks off in Munich with beefed up security
▼ + stars: | 2024-02-16 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

MUNICH, Germany — Security forces descended on Munich, Germany on Friday as global leaders gathered for the city's annual security conference, which this year looks likely to be among the most consequential in its 60-year history. Dubbed the "Davos of Defense," the Munich Security Conference will see an estimated 60 heads of state and over 85 government officials meet for three days in the Bavarian city to discuss current and future global security issues. Front and center this weekend will be the ongoing wars in Europe and the Middle East — and the potential paths to resolution. Rising tensions in the Indo-Pacific, NATO expansion, and the potential return of Donald Trump to the White House are also expected to be high on the agenda. Still, Trump's support for the Kremlin was seemingly rebuffed Wednesday when Russian President Vladimir Putin said he would prefer a "more predictable" President Joe Biden to win the 2024 U.S. election.

Persons: Donald Trump, Vladimir Putin, Joe Biden Organizations: Davos of Defense, Munich, NATO, Trump, Kremlin Locations: MUNICH, Germany, Munich, Davos, Bavarian, Europe, Russia

Search resuls for: "Davos"

25 mentions found