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☆ Gwyneth Paltrow's Goop undergoes second round of layoffs in two months
▼ + stars: | 2024-11-01 | by ( Madeline Berg | ) www.businessinsider.com time to read: +4 min

Gwyneth Paltrow's lifestyle brand Goop conducted another round of layoffs, Business Insider learned. AdvertisementGwyneth Paltrow's Goop has conducted its second round of layoffs in as many months, Business Insider has learned. Goop Beauty revenue is up 21% over last year, and G. Label revenue is up 45%, she said. Earlier this year, the company hired consultants from a company called WestView to streamline business, the company told BI. These include in-house clothing brand G. Label, beauty lines Goop Beauty and Good Clean Goop, and delivery-only Goop Kitchen restaurants.

Persons: Gwyneth Paltrow's, —, Gwyneth Paltrow's Goop, Goop, Lauren Johnston, Gwyneth Paltrow, Paltrow, WWD, Felix Capital, you've, I've, It's Organizations: Business, Service, NEA, Lightspeed Venture Partners, Forbes, Netflix Locations: WestView

☆ NASA reestablishes contact with Voyager 1 using an old radio transmitter
▼ + stars: | 2024-11-01 | by ( Ashley Strickland | ) edition.cnn.com time to read: +5 min

Voyager 1 is now using a radio transmitter it hasn’t relied on since 1981 to stay in contact with its team on Earth while engineers work to understand what went wrong. NASA's Voyager 1 spacecraft is depicted in this artist's concept traveling through interstellar space, or the space between stars, which it entered in 2012. Voyager 1 has been using one of its two radio transmitters, called an X-band based on the frequency it utilizes, for decades. In the meantime, engineers sent a message to Voyager 1 on October 22 to check that the S-band transmitter was working and received confirmation on October 24. “The S-band signal is too weak to use long term,” Waggoner said.

Persons: Bruce Waggoner, hasn’t, Waggoner, it’s, ” Waggoner Organizations: CNN, NASA, JPL, Caltech, Jet Propulsion Laboratory, Space, Network, Engineers, Space Network Locations: Pasadena , California

☆ Cramer's week ahead: The election, Fed decision and earnings from Super Micro, Arm, Qualcomm and CVS
▼ + stars: | 2024-11-01 | by ( Julie Coleman | ) www.cnbc.com time to read: +3 min

CNBC's Jim Cramer on Friday walked investors through next week's market action, highlighting the Federal Reserve's next meeting and earnings from Super Micro Computer. Despite the slew of earnings next week, Cramer said the presidential election will steal Wall Street's attention. Tuesday marks election day, and the polls remain deadlocked between Vice President Kamala Harris and former President Donald Trump. Cramer called Super Micro Computer's report "the most intriguing story" next week as shares declined recently when the tech company's auditor, Ernest & Young, resigned. The Fed will issue its decision on interest rates Thursday, and Cramer said the central bank needs to make a cut.

Persons: CNBC's Jim Cramer, Cramer, Berkshire Hathaway, —, Warren, Buffett, Kamala Harris, Donald Trump, Ferrari, Ernest & Young, David Joyner, he's Organizations: Micro, Berkshire, Constellation Energy, Builders FirstSource, Ferrari, CVS, Qualcomm, Fed, Arista Networks Locations: China, America

☆ Linde falls after its guidance fails to wow the market. We've seen this movie before
▼ + stars: | 2024-10-31 | by ( Jeff Marks | ) www.cnbc.com time to read: +8 min

To be sure, it wasn't the typical beat-and-raise quarter that Linde has become known for over the years. Linde Why we own it: The industrial gas supplier and engineering firm has a stellar track record of consistent earnings growth. It increased to $10 billion thanks to the largest gas project sale in company history. Other companies in the industrial gas space have a shakier track record at this, especially for clean hydrogen projects. Guidance For the fourth quarter, Linde expects adjusted EPS in the range of $3.86 to $3.96, implying 8% to 10% growth compared with the year-ago period.

Persons: Linde, —, Sanjiv Lamba, shouldn't, Lamba, Jim Cramer's, Jim Cramer, Jim Organizations: Linde, Revenue, LSEG, LIN, Products, CNBC, Tanks, Bloomberg, Getty Locations: Americas, Europe, Middle East, Africa, Asia, China, India, Dow Chemical's Fort Saskatchewan

☆ OpenAI CEO Sam Altman says new AI model taking a while because 'we can't ship' as quickly as hoped
▼ + stars: | 2024-10-31 | by ( Hayden Field | ) www.cnbc.com time to read: +4 min

"All of these models have gotten quite complex and we can't ship as many things in parallel as we'd like to," Altman wrote during a Reddit AMA. Regarding the next version of DALL-E, Altman wrote that the "next update will be worth the wait" but that there's no "release plan yet." The move also positions OpenAI as more of a competitor to Microsoft, which has invested close to $14 billion in OpenAI. For Altman, Reddit isn't just a communications platform. WATCH: OpenAI takes on Google with ChatGPT search

Persons: Sam Altman, Altman, OpenAI, Sora, Kevin Weil, Srinivas Narayanan, Microsoft's Bing, Narayanan, Bing, Reddit isn't Organizations: Google, CNBC, AVM Vision, ChatGPT, Microsoft Locations: San Francisco , California, OpenAI, ChatGPT

☆ Endeavor is using AI to modernize manufacturing. Check out the 9-slide deck it used to raise a $7 million seed round.
▼ + stars: | 2024-10-31 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +3 min

Endeavor has secured $7 million to modernize manufacturing with AI technology. San Francisco-based Endeavor, launched by 22-year-old Sahitya Senapathy, is developing an AI platform to help modernize manufacturing firms. Endeavor aims to automate many of the manual tasks in the industry, which otherwise consume a lot of time. AdvertisementThe startup uses large language models to automate administrative manufacturing processes, such as purchase orders, invoices, and shipping notices. Check out the 9-slide pitch deck it used to secure the fresh funds.

Persons: —, Senapathy, they're Organizations: Endeavor, BI, Service, San, Business, Craft Ventures, Endeavor's, Heartland Ventures, Web Locations: San Francisco

☆ Perseverance rover captures video of ‘googly eye’ feature on Mars
▼ + stars: | 2024-10-31 | by ( Ashley Strickland | ) edition.cnn.com time to read: +5 min

CNN —The Perseverance rover spotted a quick glimpse of a cosmic “googly eye” on Mars during a recent solar eclipse. The Perseverance rover, currently ascending the western wall of Jezero Crater, captured a video of the partial eclipse, which resembled a googly eye, on September 30. Previous images includes a video taken by the Curiosity rover in 2019 and photo that the Opportunity rover snapped in 2004. Astronomer Asaph Hall discovered Mars’ two moons, Phobos and Deimos, in 1877. The Japan Aerospace Exploration Agency’s Martian Moons eXploration mission, or MMX, intends to solve some of those enduring riddles.

Persons: —, Asaph, Mars, MSSS, ”, Rick Welch, Perseverance’s, Hazel Hill Organizations: CNN, NASA, Opportunity, Japan Aerospace Exploration, JPL, Caltech, ASU, Jet Propulsion Laboratory Locations: Mars, Pasadena , California

☆ These stocks are likely to gain from the UK’s major budget announcement, analysts say
▼ + stars: | 2024-10-31 | by ( Ganesh Rao | ) www.cnbc.com time to read: +5 min

Investment banks also suggested that stocks that had dipped ahead of the budget are likely to now gain on better-than-expected outcomes. "The U.K. budget was a clear signal that the new govt. Banks Investors in U.K. bank stocks will also be relieved as no new tax measures were applied to lenders specifically. RBC Capital Markets analysts echoed the view, saying the budget "included no major surprises relevant to the wealth sector." Any changes to the rules were a "relatively benign outcome for the sector" and removed an "event risk" for stocks, the investment bank said.

Persons: Roberta Ciaccia, Balfour Beatty, Rachel Reeves, Jefferies, Graham Hunt, Balfour Beatty's, AJB's, Genuity, Canaccord Genuity, Alex Brooks, Brooks Macdonald Organizations: Labour, City, Investment, Infrastructure Civil, U.K . Finance, Jefferies, Rail, Defence, Banks, RBC Capital Markets, AIM, London Stock Exchange's, Ashtead Tech, Aquis, FactSet, RBC, Tatton Asset Management Locations: Transport, Britain, Quilter

☆ Meet Glean, the enterprise AI search company that's so powerful Sam Altman deemed it a threat to OpenAI
▼ + stars: | 2024-10-31 | by ( Sri Muppidi | ) www.businessinsider.com time to read: +10 min

Among them are Anthropic, Elon Musk's xAI, OpenAI cofounder Ilya Sutskever's Safe Superintelligence, and AI search startup Perplexity. The last of the five rivals, and perhaps the least well-known, is Glean, an enterprise search assistant. Founded in 2019 by Rubrik cofounder and ex-Googler Arvind Jain, Glean helps corporate workers find information across their companies' tools and data. Related Video Sam Altman moves to Microsoft after OpenAI fires him as CEOThe company enables AI search by integrating apps like Slack and Dropbox and powering search across their company's universe of data. AdvertisementBesides enterprise search, Glean also has an AI assistant that generates answers based on search results, such as summarizing the day's Slack messages or synthesizing multiple documents.

Persons: Glean, Jain, —, Sam Altman, Elon Musk's, Ilya Sutskever's, Googler Arvind Jain, Kleiner Perkins, Deedy Das, Larry Page, Das, Bipul Sinha, Rubrik, Mamoon Hamid, Vishwanath, Tony Gentilcore, Piyush Prahladka, …, Arvind, Hamid, Paul, Rajeev Dham, they're, Slack, Altman, It's Organizations: Google, Service, Elon Musk's xAI, DST Global, Sapphire Ventures, Sequoia, Microsoft, Sony Electronics, Entrepreneurship, Indian Institute of Technology, IIT, Menlo Ventures, IIT Delhi, University of Washington, Akamai Technologies, Technology, YouTube, Kleiner Locations: Jaipur, Indian, IIT Delhi, India, Glean, Seattle

☆ Sam Altman said he 'sometimes' used ChatGPT to answer Reddit AMA questions
▼ + stars: | 2024-10-31 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +3 min

Sam Altman said OpenAI's next big model is likely not coming this year. The CEO answered user questions during a Reddit Ask Me Anything Thursday — sometimes using ChatGPT to respond, he said. AdvertisementSam Altman used his own AI creation to answer questions during a Reddit "Ask Me Anything" session on Thursday. Altman also said he was using ChatGPT, the company's generative AI chatbot, to "sometimes" answer questions during the AMA. The billionaire offered new timing details on OpenAI's next large AI model, GPT-5, saying its release likely won't come this year.

Persons: Sam Altman, OpenAI's, —, Redditors, Altman, Srinivas Narayanan, Narayanan, Bing, OpenAI execs, Kevin Weil Organizations: Service, AMA

The seas were calm when the Bayesian, the $40 million superyacht of the British tech mogul Michael Lynch, dropped anchor off Sicily. The Bayesian was a one-of-a-kind sailboat, built by Perini Navi, a famous Italian yacht maker. How the Bayesian could have sunk The Bayesian was pushed onto its side in strong winds. How the Bayesian could have sunk The Bayesian was pushed onto its side in strong winds. Rescue workers bringing the body of the final Bayesian victim to shore, in Porticello, Italy, on Aug. 23.

Persons: —, Michael Lynch, Karsten Borner, Lynch’s, Borner, “, Mr, Hannah Lynch, Mike Lynch, Judy Bloomer, Jonathan Bloomer, Christopher Morvillo, Neda, Recaldo Thomas, Patrick McMullan, Lynch, Hannah, Giovanni Costantino, ”, Costantino, Tad Roberts, Abbie VanSickle, Jonathan Baum, VanSickle, Angela Bacares, Chris Morvillo, Neda Nassiri, Judy, James Cutfield, Sir David Davis, Sir David, Sir Robert Baden Powell, Fabio La Bianca, Matthew Griffiths, Borner’s, Sir Robert, Nobody, ’ ’ Capt, Guglielmo Mangiapane, Bacares, Domenico Cipolla, Cipolla, Charlotte Golunski, James Emslie, Golunski, Emslie, Perini, Ron Holland, Roberts, Stephen Edwards, John Groenewoud, Edwards, Philipp Luke, Guillermo Gefaell, Juan Manuel López, Gefaell, Igor Petyx, Cutfield, Cutfield hasn’t, Turgay, Ciner, Adam Hauck, there’s, It’s, Hauck, can’t Organizations: The Times, New York Times, Agence France, Reuters, Getty, Times, —, Italian Sea Group, American Bureau of Shipping, British Maritime and Coastguard Agency, Hewlett, Packard, New Zealand, Baia Santa Nicolicchia, Italian Coast Guard, Gale Force, Maritime and Coastguard Agency, Britain’s Department for Transport, Perini, “ Technology, Naval, Italian, Group, Spanish, Association of Naval, Ocean Engineers of Spain, British Marine Accident Investigation, Rescue Locations: British, Sicily, East Germany, Italian, Dutch, Canadian, Washington, London, Oxford, New, Naples, Porticello, Baia Santa, Palermo, Sicily’s, Palermo’s, Ireland, Tuzla, Turkey, Italy, Turkish, Istanbul, Capri, American

☆ FTX’s Nishad Singh gets no jail time for role in crypto fraud
▼ + stars: | 2024-10-30 | by ( Mackenzie Sigalos | Mackenzie Sigalos Is A Technology Reporter For Cnbc With A Focus On Cryptocurrency | ) www.nbcnews.com time to read: +4 min

Former FTX executive Nishad Singh was sentenced to time served and three years of supervised release on Wednesday, becoming the fourth ex-employee of the collapsed crypto exchange to be punished. Just before the hearing began, Singh was alone, pacing the elevator bank, as he rehearsed his statement from a single printed page. In March, Bankman-Fried was sentenced to 25 years in prison and ordered to pay $11 billion. Ray said Singh made substantial productions of documents, and he voluntarily returned Bahamian real estate purchased with FTX funds. Ryan Salame, another former top lieutenant of Bankman-Fried, was sentenced to seven and a half years in prison in May.

Persons: Nishad Singh, Singh, Judge Lewis Kaplan, FTX, Sam Bankman, Caroline Ellison, Ellison, spiraled, Fried, Andrew Goldstein, ” Nicolas Roos, Singh “, Roos, Judge Kaplan, “, Gabe, ”, ” John Ray, Ray, Ryan Salame, Gary Wang Organizations: New, Alameda Research, Southern, of, Prosecutors Locations: Alameda, Bankman, of New York, Manhattan, Bahamian

Former FTX executive Nishad Singh was sentenced to time served and three years of supervised release on Wednesday, becoming the fourth ex-employee of the collapsed crypto exchange to be punished. He asked Judge Kaplan to show Singh "the same compassion he has shown others his entire life." Ray said Singh made substantial productions of documents, and he voluntarily returned Bahamian real estate purchased with FTX funds. Ryan Salame, another former top lieutenant of Bankman-Fried, was sentenced to seven and a half years in prison in May. WATCH: Caroline Ellison sentenced to two years in prison for role in FTX collapse

Persons: Nishad Singh, Claire Watanabe, Singh, Judge Lewis Kaplan, Sam Bankman, Caroline Ellison, Ellison, spiraled, Fried, Andrew Goldstein, Nicolas Roos, Roos, Judge Kaplan, Gabe, John Ray, Ray, Ryan Salame, Gary Wang, FTX, — CNBC's Dan Mangan Organizations: Engineering, Exchange, New, Alameda Research, Southern, of, Prosecutors Locations: New York, Alameda, Bankman, of New York, Manhattan, Bahamian

Right now, you can vote to help decide who will be the next CNN Hero of the Year and receive an additional $100,000 to continue their inspiring work. At 10, he joined El Sistema, a globally acclaimed program providing free classical music training to children from under-resourced communities. After moving to Gothenburg the following year, he created a music group for refugees and started with 13 students. He knew playing music together would help them make friends, express themselves, and rebuild their self-esteem. “They can be one of the most cost-effective ways to keep girls in school.”Ultimately, McGriff founded Style Her Empowered, known as SHE.

Persons: “, ”, Anderson Cooper, Laura Coates, Ron Davis Alvarez, ” Alvarez, Alvarez, Stephen Knight, they’ll, Knight, Knight’s, Jayde, Payton McGriff, McGriff, ” McGriff, Rachel Rutter, CNN “ They’ve, Rutter, ” Rutter, Yamilée Toussaint, CNN “, Toussaint, ” Toussaint Organizations: CNN, Summit, CNN Heroes, “ CNN, El Sistema, Orchestra, CNN “, University of Idaho, Libertad, Children’s, MIT Locations: Sweden, Togo, Miami, CNNHeroes.com, Caracas, Venezuela, “, Stockholm, Syria, Iraq, Afghanistan, Gothenburg, Pennsylvania

☆ Gen Z turns to TikTok to find the perfect school. Some college students are cashing in.
▼ + stars: | 2024-10-30 | by ( Erin Liam | ) www.businessinsider.com time to read: +11 min

Gen Zs have found a more authentic resource when researching colleges: college content creators. College content creators give study advice and post snippets of day-to-day school life on TikTok. Helaine ZhaoThe rise of college content creatorsAs of October 29, there were 2.3 million TikTok videos under the hashtag "college life." The popularity of college content on TikTok has introduced a slew of content creators covering their school life. AdvertisementAt the same time, college content can also change how prospective students view a college for the worst, Greg Kaplan, a college advisor, said.

Persons: Zs, —, Ryan Fuhrman's, TikTok, Z, Zers, Helaine Zhao, Zhao, Elise Pham, Pham, Lillian Zhang, UC Berkeley vlogs, Zhang, I've, Lucie Vágnerová, Greg Kaplan, Kaplan, Ryan Fuhrman, Fuhrman, Franklin Antonio, Franklin Antonio Hall — Organizations: Service, New York University, University of California, University of Southern, Google, Harvard, Stanford, Yale, Ultimate Ivy League, University of California Berkeley, UC Berkeley, Big Tech, BKT Education, Kaplan Educational, UCSD, NYU, USC, California State University, Franklin, Franklin Antonio Hall Locations: NYU, University of Southern California, Berkeley, Brooklyn, Fuhrman, San Diego, San Jose, La Jolla

☆ AI for Cybersecurity
▼ + stars: | 2024-10-30 | by ( ) www.cnbc.com time to read: 1 min

With the dawn of the AI Age comes a new era in cybersecurity. How is the new technology poised to revolutionize cybersecurity as we know it, and how are companies using AI in their cyber defense practices right now? Guests: Shailaja Shankar, Cisco SVP Engineering, Security Business Group & Sanjay Macwan, Vonage CIO & CISO

Persons: Shailaja Shankar, Sanjay Macwan Organizations: Cisco SVP Engineering, Security Business Group, Vonage Locations: cybersecurity

☆ A familiar-looking Houthi torpedo could be derived from captured US tech, analysts say
▼ + stars: | 2024-10-30 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +5 min

The weapon resembles a US sea drone the group captured years ago, analysts told BI. AdvertisementThe Houthi rebels in Yemen have a new torpedo to show off — and it looks familiar. Martin Kelly of the UK advisory firm EOS Risk Group, said the torpedo could derive from a US REMUS 600 drone lost in 2018. Houthi forcesPer Kelly, Iranian scientists could have turned a captive example into a "blueprint" for the homegrown weapon seen this week. He told BI that the torpedo looked like models put on display at an Iranian navy exhibition in Tehran in December 2023.

Persons: —, Al Qar'iah, Martin Kelly, REMUS, US REMUS, Per Kelly, Kelly, Mohammed Albasha Organizations: Service, EOS Risk, US MIM, US, US Defense Intelligence Agency, Geneva Graduate Institute, BI, US Navy, Pentagon, Drewry Locations: Iran, Yemen, US, Russia, Ukraine, Tehran, Iranian, Red, Israel, Gaza, Albasha

MANZANAR, Calif. — Swinging at the first pitch on a hallowed baseball field was 23-year-old Logan Morita. Players from the Japanese American League, along with friends and family of former incarcerees, played in a tribute to the baseball teams formed at prison camps across the country during the era. “It says that they’re resilient,” he said, pointing out the baseball field, garden and school that Japanese Americans built behind barbed wire. As it was during WWII, baseball at Manzanar isn’t just about the score or a winning record. Back when barbed wire restricted freedom, Manzanar players found solace on a field that organizers and volunteers have now rebirthed and made their own.

Persons: Logan Morita, Jimmy Masatoshi Morita, Davis, “ It’s, ” Organizations: U.S, Japanese American League, University of California, Manzanar Locations: Calif, Manzanar, Lodi

☆ Here are Tuesday's biggest analyst calls of the day: Apple, Netflix, Tesla, Meta, Uber, Amazon, Walmart, First Solar & more
▼ + stars: | 2024-10-29 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are the biggest calls on Wall Street on Tuesday: Evercore ISI reiterates Amazon as overweight Evercore says it's sticking with the stock ahead of earnings later this week. Evercore ISI reiterates Uber as overweight Evercore says it's bullish on Uber heading into earnings on Thursday. Janney upgrades First Solar to buy from neutral Janney says the solar company is attractive ahead of earnings on Tuesday afternoon. " Evercore ISI reiterates Meta as overweight Evercore says it's sticking with Meta ahead of earnings on Wednesday. Barclays reiterates Tesla as equal weight Barclays raised its price target on the stock to $235 per share from $220.

Persons: Evercore, Uber, it's bullish, Janney, Goldman Sachs, Ford, Goldman, Wells, Tesla, Morgan Stanley, Bernstein, TD Cowen, Cowen, it's, Mizuho, Stephens, ROA, Guggenheim, HOOD, we've Organizations: Ford, CTV, APP, Citi, Apple, Apple Intelligence, Barclays, Walmart, Mizuho, Netflix, Guggenheim, Six Flags Entertainment Locations: Mexican, Brazil, Mexico, China, U.S

☆ Students discover and publish unexpected proof for 2,000 year-old mathematical theory
▼ + stars: | 2024-10-29 | by ( Katie Hunt | ) edition.cnn.com time to read: +5 min

Now Jackson and Johnson, who started college last year, have notched another achievement: authoring an academic paper detailing their original proof — plus nine more. In contrast, Jackson and Johnson were able to prove it using trigonometry — a subbranch of mathematics that focuses on the study of triangles. Jackson and Johnson’s study outlines five new ways of proving the theorem using trigonometry, and their method reveals five more proofs for 10 total. Johnson said she was happy to be able to show women and women of color in particular what can be achieved in a traditionally male-dominated field. So that makes me very proud to be able to be in that position,” Johnson said in a news release.

Persons: Ne’Kiya Jackson, Calcea Johnson, Michelle Obama, Jackson, Johnson, “ I’m, we’re, ” Johnson, “, ”, Pythagoras, Tom Murdoch, what’s, ” Murdoch Organizations: CNN, Louisiana, Mary’s Academy, Mathematical, Sectional, Louisiana State University, Xavier University of Louisiana, University of Bristol’s School of Mathematics Locations: New Orleans, St, Atlanta, United Kingdom

☆ Google CEO says more than a quarter of the company's new code is created by AI
▼ + stars: | 2024-10-29 | by ( Hugh Langley | ) www.businessinsider.com time to read: +2 min

More than a quarter of new code at Google is made by AI and then checked by employees. Google is doubling down on AI internally to make its business more efficient. Business Insider previously reported that Google launched an internal AI model named "Goose." More than a quarter of new code created at Google is generated by AI, said CEO Sundar Pichai on Tuesday during the company's Q3 earnings call. AdvertisementBusiness Insider reported in February that the company had launched a new internal AI model named "Goose" to help employees code and build products.

Persons: —, Sundar Pichai, Pichai, Goose Organizations: Google, Business, Service, BI, Company

☆ AMD's post-earnings slide is a buying opportunity. Here's why
▼ + stars: | 2024-10-29 | by ( Jeff Marks | ) www.cnbc.com time to read: +9 min

Bottom line The main part of our AMD thesis — fast-growing sales of its MI300 AI chips — is still on track, so we view the post-earnings pullback as a buying opportunity. Given how integral these AI chips are to AMD's growth, we were pleased management on Tuesday night raised its full-year sales projections to exceeding $5 billion. Another factor: AMD's chips passed some performance milestones with customers, Su said. We believe Su's AI roadmap — outlined at its AI event earlier this month — will lead to significant sales growth in 2025 and thereafter. Quarterly commentary Sales in AMD's all-important data-center segment came in $3.55 billion, exceeding estimates and more than doubling year over year.

Persons: We're, Lisa Su, Su, couldn't pare, Jim Cramer, —, Jim Cramer's, Jim Organizations: AMD, Nvidia, Intel, Club, Broadcom, ZT Systems, CNBC, Dell Technologies, Microsoft, Meta, Revenue, Visitors, Congress, Nurphoto, Getty Locations: AMD's, —, Shanghai, China

☆ AI boom thrusts Europe between power-hungry data centers and environmental goals
▼ + stars: | 2024-10-29 | by ( April Roach | ) www.cnbc.com time to read: +6 min

Major equipment suppliers in Europe say that U.S. chip designers are calling on them to lower their water temperatures to accommodate the hotter AI chips, according to Herbert Radlinger, managing director at NDC-GARBE. Energy efficiency is high on the European Commission's agenda, as it seeks to reach its goal of reducing energy consumption by 11.7% by 2030. The EU predicted in 2018 that energy consumption of data centers could rise 28% by 2030, but the advent of AI is expected to boost that number two or threefold in some countries. Many of the recent discussions have focused on different ways to source "prime power" for AI data centers and for the potential for more collaboration with utilities, said Steven Carlini, chief advocate of AI and data centers and vice president at Schneider Electric. Liquid cooling will require a "reconfiguration," Gunen explained, adding that new data centers are already coming ready with this technology.

Persons: Goldman Sachs, Andrey Korolenko, Nvidia's Blackwell, we've, Winterson, CNBC Michael Winterson, Michael Winterson, Herbert Radlinger, Steven Carlini, Carlini, Schneider, Meta, Gunen, Equinix Organizations: Luza, CNBC, European Data Center Association, NDC, EU, Energy, Directive, Schneider, Schneider Electric, European, Nvidia, Blackwell Locations: Europe, Brussels, Equinix

☆ F1 championships are increasingly being decided by how teams use new technology
▼ + stars: | 2024-10-28 | by ( Chris Hawes | ) www.cnbc.com time to read: +4 min

Bryn Lennon - Formula 1 | Formula 1 | Getty ImagesDoing this with a digital twin allows teams to develop strategies for different circuits. With 24 races on the schedule and only a handful of days in between, forecasting track performance is critical to ensuring engineers are ready to make any necessary changes. While teams are allowed up to 60 operational staff at the track on race days, each is communicating with analysts back at headquarters. "Everyone there will be looking at their computer and providing feedback to the racetrack engineers with recommendations that can be actioned onto the race car." With the cost-cap limiting budgets to $135 million per year, automating repetitive tasks is crucial to ensuring teams are using their resources efficiently.

Persons: Williams, James Vowles, CNBC's, Dan Keyworth, Red Bull, Max Verstappen, Lewis Hamilton of, Bryn Lennon, Britain's, Ben Waterhouse, Red, there's, Alessio Morgese Organizations: McLaren, CNBC, Mercedes, Oracle Red Bull Racing, of Great Britain, Silverstone Circuit, Engineers, Miami, Getty, Nurphoto Locations: Lewis Hamilton of Great Britain, Netherlands, parc ferme, Northampton, England, Monaco, Miami, USA

☆ Arm CEO says AI growth is being limited by finding enough talent: 'I need more engineers'
▼ + stars: | 2024-10-28 | by ( Jaures Yip | ) www.businessinsider.com time to read: +4 min

Arm CEO Rene Haas said in a recent interview that he needs more engineers to drive AI growth. Companies are aggressively recruiting top AI talent, with some offering lucrative compensation. AdvertisementThe AI train is running at full steam, but Arm CEO Rene Haas believes there's one thing they need to keep it moving — more engineers. The comments from Arm and its CEO highlight how the generative artificial intelligence boom following ChatGPT's launch nearly two years ago has led to a talent war for top AI engineers and researchers. Related storiesA limited pool of researchers and candidates with experience in areas like machine learning and data engineering has allowed AI talent to become more selective when evaluating job offers.

Persons: Rene Haas, —, Haas, Sam Altman, Mark Zuckerberg, Ram Srinivasan, JLL Organizations: Service, Bloomberg, SEC, Competition Locations: British, PwC

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