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Ford (F) issues slightly worse full-year guidance: $10 billion to $10.5 billion in adjusted earnings before interest and taxes (EBIT) and adjusted free cash flow of between $5 billion and $5.5 billion. Citi raises Club holding Costco (COST) price target to $585 per share from $530, citing an acceleration of November sales. Ford (F) issues slightly worse full-year guidance: $10 billion to $10.5 billion in adjusted earnings before interest and taxes (EBIT) and adjusted free cash flow of between $5 billion and $5.5 billion. Ford (F) issues slightly worse full-year guidance: $10 billion to $10.5 billion in adjusted earnings before interest and taxes (EBIT) and adjusted free cash flow of between $5 billion and $5.5 billion. Ford (F) issues slightly worse full-year guidance: $10 billion to $10.5 billion in adjusted earnings before interest and taxes (EBIT) and adjusted free cash flow of between $5 billion and $5.5 billion.
Persons: Marc Benioff, Einstein, Jeff Marks, Charles Munger, Warren Buffett's, Charlie, Peter Arduini, Jim Cramer's, Jim Cramer, Jim, Andrew Caballero, Reynolds Organizations: Nasdaq, Dow, UAW, General Motors, Citi, Club, Costco, Barclays, Company, NBA, GE Healthcare, Nvidia, Brands, Barrick, Jim Cramer's Charitable, CNBC, Economic Cooperation, APEC, AFP, Getty Locations: U.S, Asia, San Francisco , California
Sam Altman is back in charge of OpenAI but some employees are still feeling nervous, per Semafor. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementOpenAI's CEO Sam Altman may be back in charge but some employees are still feeling uneasy. According to one of the outlet's sources, rival AI company Cohere has received several inquiries from OpenAI employees in recent days. AdvertisementAI companies Hugging Face and Cohere told CNBC they've had more customer inquiries following Altman's ousting and reinstatement as CEO.
Persons: Sam Altman, , Semafor, Altman, We've, Sam, Cohere, Marc Benioff, Salesforce's Einstein, CNBC they've, Clément Delangue, OpenAI Organizations: Service, Salesforce's, CNBC Locations: OpenAI
REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsNov 29 (Reuters) - Salesforce (CRM.N) raised its annual profit forecast and its third-quarter results beat Wall Street targets on Wednesday, benefiting from a strong demand for its cloud and business products in an uncertain economy. Salesforce expects fourth-quarter adjusted profit in the range of $2.25 to $2.26 per share compared with estimates of $2.17. It forecast revenue between $9.18 billion and $9.23 billion, the midpoint of which exceeded estimates of $9.21 billion, according to LSEG data. The company's third-quarter revenue of $8.72 billion narrowly beat expectations, while adjusted profit of $2.11 per share beat estimates by 5 cents. It also raised the lower end of its annual revenue forecast to $34.75 to $34.8 billion.
Persons: Porte, Benoit Tessier, Salesforce, Charlie Miner, Einstein, Slack, Zaheer Kachwala, Arun Koyyur Organizations: Viva Technology, Porte de, REUTERS, Wall, Thomson Locations: Paris, France, Bengaluru
Bottom line It was another terrific quarter from Salesforce with steady, double-digit revenue growth and a continued operating margin uplift, leading to a huge increase in earnings per share. Additionally, the topline growth story has some game to it, thanks to the surge in interest in its Data Cloud. By Cloud unit, the most exciting performance in the quarter came from the Data Cloud. Revenue growth accelerated to 22% from 16% in the prior quarter, and the company said it added 1,000 new customers in the quarter alone. Artificial intelligence is driving the interest in the Data Cloud, as more customers seek to use Mulesoft's integration technology to unlock data across legacy systems, cloud apps, and devices.
Persons: Salesforce, Marc Benioff, management's, Salesforce's headcount, Salesforce's, Jim Cramer's, Jim Cramer, Jim, Nicholas Kamm Organizations: Revenue, LSEG, CNBC, Salesforce, Economic, Washington, AFP, Getty Locations: Americas, Africa, Asia, headcount, Washington ,
Now, with the Club holding set to report earnings, Jim Cramer wants to hear whether its AI endeavors are really on track to boost its financials. "We want to hear that numbers must be raised next year because of the new business that [Salesforce is] getting now" as a result of AI, Jim said Tuesday. It's been a year since OpenAI's ChatGPT went viral and accelerated investment into generative AI applications, which can create human-like text sentences and images in response to user queries. Since then, Salesforce and other software companies have raced to incorporate generative AI capabilities into their existing products or launch new ones all together. Still, the analysts reiterated their buy-equivalent rating on Salesforce stock and a $250-per-share price target.
Persons: Jim Cramer, Marc Benioff, Jim, It's, OpenAI's ChatGPT, Salesforce, Piper Sandler, Jim Cramer's, Stefan Wermuth Organizations: Club, Adobe, Microsoft, LSEG, Oppenheimer, CNBC, Salesforce, Economic, Bloomberg, Getty Locations: Davos, Switzerland
Salesforce CEO Marc Benioff told CNBC's Jim Cramer what contributed to his company's better-than-expected Wednesday earnings report, highlighting his cloud data business and artificial intelligence product Einstein GPT. Benioff said Salesforce added a thousand new Data Cloud customers over the quarter and called that business "the cherry at the top of the cake." The company's Data Cloud revenue was up 22% from the previous year. For your enterprise, you have to get your data together, and that's why Salesforce Data Cloud is so important, and it's why we did those thousand Data Cloud deals in the quarter." The company's revenue increased 11% from the previous year, jumping from $7.84 billion to $8.72 billion.
Persons: Marc Benioff, CNBC's Jim Cramer, Einstein, Benioff, Salesforce, threating Organizations: LSEG
Last month's slayings of about 1,200 people in Israel by armed Palestinian militants represented the biggest killing of Jews since the Holocaust. ACTS OF ANTISEMITISM — AND HOW THAT'S DEFINEDAntisemitism is broadly defined as hatred of Jews. Criticism of Israel's policies and antisemitism have long been conflated by Israeli leaders such as Prime Minister Benjamin Netanyahu and by some watchdog groups. Some of Europe's Jews say they see it on the streets and the news. Many Jews, though, say the chant is inherently anti-Jewish and calls for the destruction of Israel.
Persons: Michel Dreifuss, , Herbert Traube, Benjamin Netanyahu, Susan Neiman, , you’ve, , Israel, Israel —, There's, Anna Segal, Segal, ” Segal, Peggy Hicks, “ I’ve, Hicks, ” ___ Kellman, Kirsten Grieshaber, Silvia Stellacci, Karel Janicek, Lorne Cook, Jari Tanner, Vanessa Gera, John Leicester, Sylvie Corbet Organizations: GENEVA, Einstein, , French Interior Ministry, Community Security Trust, Israel, West Bank Locations: Geneva, Israel, Gaza, Europe, Germany, Austria, Potsdam, Britain, Russia, Berlin, Lyon, France, In Berlin, Palestine, Jordan, Jerusalem, London, Rome, Prague, Brussels, Helsinki, Warsaw, Poland, Paris
(Treasury yields tend to move inversely to stock prices; as yields fall investors seeking better returns move money back into the stock market). The chipmaker once again came into its quarterly print with super-high expectations on the Street, but once again exceeded them . For this reason, we put more emphasis on monthly economic releases, such as the aforementioned personal spending report. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.
Persons: Dow, Estee Lauder, Einstein, Jim Cramer's, Jim Cramer, Jim, Locker, Jeff Greenberg Organizations: Nasdaq, Federal Reserve, Treasury, Nvidia, Apple, TJX, Bank of Nova, Elbit Systems, Intuit, Hewlett Packard Enterprise, Hormel, Kroger, KR, Academy Sports, TD Bank, Royal Bank of Canada, Dell Technologies, Bank of Montreal, BMO, Jim Cramer's Charitable, CNBC, Universal, Getty Locations: Bank of Nova Scotia, AMBA
Satya Nadella says Microsoft welcomes AI talent who want to leave OpenAI. "We will definitely have a place for all AI talent to come here," he said on Kara Swisher's podcast. AdvertisementMicrosoft CEO Satya Nadella says his company is open to taking in AI talent who want to leave OpenAI following the ouster of its former CEO Sam Altman. Emmett Shear, the former CEO of Twitch, was named the new interim CEO of OpenAI on the same day. AdvertisementRepresentatives for Microsoft and OpenAI did not immediately respond to requests for comment from Business Insider sent outside regular business hours.
Persons: Satya Nadella, Kara Swisher's, Sam Altman, , Greg Brockman, Emmett Shear, Altman, Nadella, Kara Swisher, Marc Benioff, Silvio Savarese, Benioff, OpenAI Organizations: Service, Microsoft, Salesforce, Business Insider Locations: OpenAI
An in-demand talent pool"Many previously poorly understood secrets will be more widely disseminated across the ecosystem," one European AI founder who spoke on the condition of anonymity said. But European competitors can still benefit from OpenAI's implosion. The startup had been on an uninterrupted run for the past year, said EarlyBird VC partner and Aleph Alpha investor Andre Retterath. The turmoil at OpenAI has also galvanized both AI founders and investors in Europe. The company's top expenditure, besides employee salaries, is manually cleaning and sourcing the data they use to train their models, a European VC said.
Persons: Sam Altman, unseats, Nathan Benaich, Altman, Marc Benioff, Salesforce, Silvio Savarese, Einstein, 1RXoc9ekeo, Benaich, Alpha, EarlyBird, Andre Retterath, Retterath, Mariam Pettit, they've, OpenAI, Andrew Scott, 7percent, David Grimm, Grimm, Rebecca Gorman Organizations: Air Street Capital, Business, Aleph Alpha, Microsoft, Google, Alpha, Global Founders Capital, Albion Locations: Europe, OpenAI
Salesforce CEO Marc Benioff is trying to get ahead of the race to poach OpenAI's talent. AdvertisementAfter the weekend of chaos at OpenAI, Salesforce CEO Marc Benioff is eyeing an opportunity for new talent. "Lol, like it was ever about compensation," wrote Boris Power, OpenAI's head of applied research, in response to Benioff. "Looking forward to joining Salesforce!" I was the janitor at OpenAI, total comp $1.2m base + $50m equityLook forward to joining Salesforce!
Persons: Marc Benioff, , Salesforce's Einstein, Lol, Boris Power, ove, ould Organizations: Service, Salesforce's Locations: OpenAI, ife
Marc Benioff promised to match the contracts of OpenAI researchers who resign to join Salesforce. The offer comes amid the chaotic ouster of OpenAI CEO Sam Altman, and rumors Altman could return to the job. "Salesforce will match any OpenAI researcher who has tendered their resignation full cash & equity OTE to immediately join our Salesforce Einstein Trusted AI research team under Silvio Savarese," Benioff, the Salesforce CEO, posted on X in a pledge to buy out the OpenAI researchers' contracts, along with any unrealized profits and sales incentives. As many as 95% of OpenAI workers have also threatened to quit if Altman, the company's co-founder, is not reinstated. AdvertisementSalesforce's Einstein is the company's generative AI program built for managing relationships with customers.
Persons: Marc Benioff, Sam Altman, Altman, , Salesforce, Silvio Savarese, Einstein, Benioff, Greg Brockman, OpenAI, Jakub Pachocki, Szymon Sidor, Aleksander Madry, Savarese, Stanford — Organizations: Salesforce, Service, Enterprise, Business, OpenAI, New York Times, Stanford
Scientists have obtained the first ever proof that black holes can lose energy. They've long believed that magnetic fields could suck energy out of black holes but didn't have proof — until now. The M87 supermassive black hole is emitting energy like "million-light-year-long Jedi lightsabers," the co-author of a new study said. AdvertisementScientists have long believed that black holes, which generally swallow up everything around them, can also lose energy. Space.com noted that Albert Einstein's theory of relativity predicted that black holes can lose energy and scientists have believed since the 1970s that magnetic fields can extract energy from black holes.
Persons: , Alexandru Lupsasca, George Wong, Space.com, Albert Einstein's Organizations: Service, TNT
Azerbaijan’s 10 best castles and fortresses
  + stars: | 2023-11-20 | by ( Tom Marsden | ) edition.cnn.com   time to read: +10 min
It grew up around a fortress built in the 1750s by Panah Ali Khan, founder of the Karabakh Khanate (1748-1822). Kamilla Rzayeva Tea culture: Azerbaijani tea culture originated in Lankaran and the hospitable locals will often welcome visitors with a refreshing glass. Kamilla Rzayeva Yanar Bulag: Yanar Bulag, meaning "burning spring" is a natural spring which percolates methane gas. Kamilla Rzayeva Hirkan National Park: Home to endangered Persian leopards, Hirkin National Park is a great place for hiking and cooling off. Kamilla Rzayeva Ironwood trees: Hirkan National Park's famous ironwood trees are believed to have survived the last Ice Age.
Persons: , Alexander the Great, Timur, Russia –, Elchin Aliyev, who’s, Akhsitan I, Ilisu, Ivan Paskevich, Imam Shamil, Potemkin, Sergei Einstein’s, Panah Ali Khan, Persian Shah, Agha Mohammad Khan Qajar, Joseph Stalin, Kamilla, Stalin, Yanar, Zindan Organizations: CNN, UNESCO, Sheki, of Sheki, Zaqatala Locations: Europe, Asia, Azerbaijan, Russia, USSR, jostle, Old City, Baku, Mardakan, Shabran, Persia, Chirag, Sheki, Caucasus, Ilisu, Ilisu Sultanate, Soviet, Zaqatala, Lesser Caucasus, Shusha, Karabakh, Persian, Alinja, Azerbaijan’s, Nakhchivan, Armenia, Iran, Turkey, Machu Picchu, Azerbaijani, Lankaran, Ironwood, ironwood, Talysh
Airbnb has made its first acquisition as a public company, in a deal valued at just under $200 million, sources familiar with the deal told CNBC. The startup is called Gameplanner.AI, which has been in "stealth mode" since its founding in 2020. Startups in stealth mode operate out of the public eye for various reasons, such as to protect intellectual property or avoid distractions. Airbnb's news follows reports that Google is in talks to invest hundreds of millions into another AI startup, Character.AI, which in March raised a $150 million at a $1 billion valuation in a funding round led by Andreessen Horowitz. The startup lets people create virtual characters or chat with AI versions of celebrities like Elon Musk or Albert Einstein.
Persons: Airbnb, Gameplanner.AI, Adam Cheyer, Siri, Steve Jobs, Cheyer, Viv, Brian Chesky, Chesky's, Andreessen Horowitz, Elon Musk, Albert Einstein Organizations: CNBC, Apple, Viv Labs, Google
If you have ever wondered what it might feel like to be sucked into a black hole — twisted, stretched, confused, doomed — you could do worse than trip through “The Warped Side of Our Universe, An Odyssey Through Black Holes, Wormholes, Time Travel and Gravitational Waves,” a collaborative book project by Kip Thorne, a physicist at the California Institute of Technology, and Lia Halloran, a visual artist and chair of the art department at Chapman University in Orange, Calif.Dr. Thorne brings impressive credentials to the task. In 2017 he won the Nobel Prize in Physics for his work on the Laser Interferometry Gravitational-Wave Observatory, or LIGO, which discovered space-time vibrations resulting from the collision of two distant black holes. He was also the executive producer of the movie “Interstellar.” Ms. Halloran, who grew up surfing and skateboarding in the Bay Area, became obsessed with science after a high school internship at the Exploratorium in San Francisco. The book consists of illustrations of what Dr. Thorne likes to call the “space-time storms” predicted by general relativity, Einstein’s theory of gravity, alternating with his own explanations of the physics, which appear in verse. Many of the illustrations, which are in ink on drafting film, portray Ms. Halloran’s wife, Felicia, being whipped around, crushed and twisted by the forces of nature.
Persons: Kip Thorne, Lia Halloran, Thorne, Ms, Halloran, Halloran’s, Felicia Organizations: California Institute of Technology, Chapman University in Locations: Chapman University in Orange, Calif, Bay, San Francisco
John Brunner and his wife, Manon, moved from Avignon, France, to Kyle, Texas, in 2022. The couple chose the area in part because California and Austin, Texas, were too expensive. The Austin area came up in our search. Kyle, Texas. Center Street, a main drag in Kyle, Texas.
Persons: John Brunner, Manon, Kyle, , wouldn't, Kyle We, I've, she's, Kyle Kyle Organizations: Service, Google Locations: Avignon, France, Kyle , Texas, California, Austin , Texas, United States, I'm, Chicago, Austin, South, Fredericksburg, Southern, City, Texas, From Illinois, America, Arizona, New Mexico, Woodstock , Illinois
In 2016, I was a very broke writer living in New York, mostly stitching together a living through side hustles. When I reached out to RSR about forthcoming work, they told me they were working with Manhattan-based storage space company Manhattan Mini Storage on a series of billboards. They wanted quippy slogans connecting outer space and storage space. The turnaround time was so quick and I needed to keep making money — ideally more than $45 at a time. At that point, I had picked up a summer babysitting gig and was walking toward the subway on Manhattan's West Side Highway when I noticed a billboard from Manhattan Mini Storage.
Persons: We've, Einstein, Hillary Organizations: MTV News Locations: New York, Side, Manhattan, Tribeca, ., New Yorker
Ted Rossman senior industry analyst at BankrateIn addition to soaring food and housing costs, millennials and Gen Z face other financial challenges their parents did not as young adults. Gen Z workers are the biggest cohort of nonsavers, Bankrate also found. Most financial experts recommend having at least three to six months' worth of expenses set aside. "Every dollar you set aside in your 20s will compound over time," Rossman said. "Compound interest is the eighth wonder of the world," Rossman added, referring to an earlier comment Einstein reportedly said.
Persons: Ted Rossman, Gen Zers, Gen, Bankrate, Kara Duckworth, Duckworth, Rossman, Einstein Organizations: Getty, Financial Independence, Bankrate, Bank of America, Intuit, Mercer Advisors
Imagine if Sam Bankman-Fried, the founder of the crypto trading firm FTX and defendant in one of the largest financial fraud trials in history, was actually named Samson, rather than Samuel. Like the biblical character, Mr. Bankman-Fried’s symbolic shearing for his courtroom appearance may become a fabled reflection of promise brought low in the tales to come of our digital age. An apologia writ in hair about what happens when a muscular intellect is married to frail corporate governance. Everyone (or every juror) can see a hairdo and relate. Besides, from the beginning it was by Mr. Bankman-Fried’s hair that so many knew him.
Persons: Sam Bankman, FTX, Samson, Samuel, Bankman, Fried, Michael Lewis, , Einstein Locations: Manhattan
Meta's chief AI scientist Yann LeCun said that superintelligent AI is unlikely to wipe out humanity. He told the Financial Times that current AI models are less intelligent than a cat. AI CEOs signed a letter in May warning that superintelligent AI could pose an "extinction risk." AdvertisementAdvertisementFears that AI could wipe out the human race are "preposterous" and based more on science fiction than reality, Meta's chief AI scientist has said. However, LeCun told the Financial Times that many AI companies had been "consistently over-optimistic" over how close current generative models were to AGI, and that fears over AI extinction were overblown as a result.
Persons: Yann LeCun, , Albert Einstein, Sam Altman, Demis Hassabis, Dario Amodei, OpenAI's, LeCun, They're, Meta Organizations: Financial Times, Service, Intelligence, Microsoft
‘Rivals’ Review: An Experiment in Amiability
  + stars: | 2023-10-18 | by ( David A. Shaywitz | ) www.wsj.com   time to read: +1 min
The physicists Niels Bohr and Albert Einstein disagreed strongly on various points yet remained close friends. He hoped to deduce all observable phenomena—the paths of planets, the beating of the heart—from a few foundational laws or principles. After years of effort, and despite triumphs such as the invention of analytic geometry, he conceded defeat. But he had little interest in engaging with other researchers or relying on the assistance of volunteers (who would distract him with “useless conversation”). Descartes, explains the historian of science Lorraine Daston, “was probably the last major thinker to believe that science could be conducted in splendid solitude.”
Persons: Niels Bohr, Albert Einstein, René Descartes, Descartes, Lorraine Daston, , Organizations: Getty
"One sees in this paradox the germ of the special relativity theory is already contained," Einstein wrote in his "Autobiographical Notes." This is a cornerstone of Einstein's special theory of relativity. One of Einstein's thought experiments had to do with quantum entanglement, which he called "spooky action at a distance." AdvertisementAdvertisementMany scientists have spent decades researching Einstein's thought experiments. But Einstein thought particles behaved more like real coins.
Persons: Albert Einstein, , Stringer, Einstein, simultaneity, Ernst Haas, Niels Bohr Organizations: Service, Central Press, Getty
On Monday, Karikó, along with her collaborator Drew Weissman, won the Nobel Prize in Physiology and Medicine. It's clear, and impressive, that Karikó didn't take those obstacles personally. Suhadolnik didn't receive the news well, she says. If you have a Ph.D. from an American Ivy League [university], that's better compared to if you have a degree from a foreign university." The type of work Karikó does, Feigl-Ding says, doesn't make splashy headlines, because groundbreaking work rarely does.
Persons: Pfizer Covid, Katalin, Drew Weissman, Karikó, didn't, Robert J, Suhadolnik, Susan, Suhadolnik didn't, Gregory Zuckerman's, I'm, wasn't, Eric Feigl, Ding, doesn't, Nobel, Albert Einstein didn't, Ding epidemiologist, Weissman Organizations: Pfizer, Moderna, CNBC, University of Pennsylvania, University of Szeged, Biological Research, Temple University, Uniformed Services University of, Health Sciences, New, Systems Institute, Harvard Medical School, American Ivy League, Universities, Systems, Harvard Medical Locations: Hungary, Philadelphia, Bethesda , Maryland, UPenn, United States, U.S, New England
[1/7] Hans Ellegren (centre), Permanent Secretary of the Royal Swedish Academy of Sciences, announces the winners of the 2023 Nobel Prize in Chemistry during a press conference at the Royal Swedish Academy of Sciences in Stockholm, Sweden, October 4, 2023. The more than century-old prize is awarded by the Royal Swedish Academy of Sciences and is worth 11 million Swedish crowns ($1 million). Earlier on Wednesday, the academy appeared to have inadvertently published the names of the three scientists before the official announcement. In 1993, Bawendi revolutionised the production of quantum dots, made up of clusters ranging from a few hundred to a few thousand atoms. The third of this year's crop of awards, the chemistry Nobel follows those for medicine and physics announced earlier this week.
Persons: Hans Ellegren, Moungi Bawendi, Louis Brus, Alexei Ekimov, Bawendi, Johan Aqvist, that's, Ekimov, Brus, Alfred Nobel, Albert Einstein, Ernest Rutherford, Marie Curie, Carolyn Bertozzi, Morten Meldal, Barry Sharpless, Niklas Pollard, Simon Johnson, Johan Ahlander, Ludwig Burger, Terje Solsvik, Anna Ringstrom, Alexandra Hudson Organizations: Royal Swedish Academy of Sciences, Chemistry, Massachusetts Institute of Technology, MIT, Columbia University, Nanocrystals Technology, AT, Bell Labs, U.S, Vavilov, Optical Institute, Nanocrystals Technology Inc, Alexandra Hudson Our, Thomson Locations: Stockholm, Sweden, STOCKHOLM, United States, Paris, France, Tunisia, Soviet Union, Swedish, Frankfurt, Oslo
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