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☆ Microsoft is sprinkling OpenAI everywhere to try and keep software makers interested in its platforms
▼ + stars: | 2023-05-25 | by ( Jordan Novet | ) www.cnbc.com time to read: +4 min

In this article MSFT Follow your favorite stocks CREATE FREE ACCOUNTMicrosoft Chairman and CEO Satya Nadella speaks to attendees at Microsoft's Build conference in Seattle on May 23, 2023. "Every layer of the software stack is going to be changed forever and no better place to start than the actual developer stack," Microsoft CEO Satya Nadella said during his Build keynote address on Tuesday. It's crucial for third-party developers to enrich Microsoft's own software properties, such as the Microsoft 365 productivity software bundle. Greg Brockman, OpenAI president and co-founder, and Kevin Scott, Microsoft chief technology officer, speak onstage at Microsoft's Build conference in Seattle on May 23, 2023. WATCH: Microsoft Build 2023 unveils plugins and products that incorporate A.I.

☆ Welcome to the final phase of software eating the world. SaaS companies beware, you're on the menu this time.
▼ + stars: | 2023-05-22 | by ( Stephanie Palazzolo | ) www.businessinsider.com time to read: +7 min

This could disrupt the way software is created, distributed, and used, VCs and startup founders say. This outcome would flip the traditional software industry on its head, calling into question the value of SaaS companies in a world where everyday people can build software themselves. "This is the final chapter of software eating the world, where a bunch of people can create enterprise software within the enterprise." A 'healthy pressure' for traditional SaaS providersTo be sure, the death of the traditional software company still seems a long way off. However, even skeptics admit that the threat of generative AI to traditional SaaS will push established software companies to prove their worth.

The justices upheld a lower court's ruling that Warhol's works based on Goldsmith's 1981 photo were not immune from her copyright infringement lawsuit. Warhol, who died in 1987, was a foremost participant in the pop art movement that germinated in the 1950s. At issue in the litigation involving Goldsmith was Warhol's "Orange Prince" series. She countersued the Andy Warhol Foundation in 2017 after it asked a court to find that the works did not violate her copyright. Under that standard, the circuit court said Warhol's paintings were closer to adapting Goldsmith's photo in a different medium than transforming it.

☆ Quotes: Fed plans broad revamp of bank oversight in wake of SVB collapse
▼ + stars: | 2023-04-28 | by ( ) www.reuters.com time to read: +11 min

The assertion in the introduction that the Fed should focus on large bank capital requirements is disconnected from the report's conclusions. AMERICAN BANK ASSOCIATION PRESIDENT AND CEO ROB NICOLS"We take any bank failure seriously, and we will review the findings and proposed policy changes in these reports carefully, including where the conclusions may differ. JONATHAN MONDILLO, HEAD OF NORTH AMERICAN FIXED INCOME AT ABRDN"We're likely to see higher capital requirements. What that means for the overall markets is that the devil is in the details: how stringent those capital requirements will be. A potential First Republic Bank failure could similarly present a risk to the long-term investment strategy of high net-worth individuals."

☆ US Fed plans broad revamp of bank oversight in wake of SVB collapse
▼ + stars: | 2023-04-28 | by ( ) www.reuters.com time to read: +7 min

Many commentators linked the lessons learned from the earlier crisis to the ongoing concerns about First Republic Bank. INSTITUTE OF INTERNATIONAL BANKERS CEO BETH ZORC"The IIB commends the Federal Reserve's timeliness of producing its report on SVB. "There are similarities between SVB's situation and what is happening with First Republic Bank: both are affected by the rapid movement of very large sums of money." A potential First Republic Bank failure could similarly present a risk to the long-term investment strategy of high net-worth individuals." "It feels isolated, than the rest of the regional bank system, feels like it's in a different place than where FRC is."

☆ Nvidia has a new way to prevent A.I. chatbots from 'hallucinating' wrong facts
▼ + stars: | 2023-04-25 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Nvidia announced new software on Tuesday that will help software makers prevent AI models from stating incorrect facts, talking about harmful subjects, or opening up security holes. Nvidia's new software can do this by adding guardrails to prevent the software from addressing topics that it shouldn't. The announcement also highlights Nvidia's strategy to maintain its lead in the market for AI chips by simultaneously developing critical software for machine learning. Nvidia provides the graphics processors needed in the thousands to train and deploy software like ChatGPT. Nvidia has more than 95% of the market for AI chips, according to analysts, but competition is rising.

☆ Google Bard can now help write software code
▼ + stars: | 2023-04-21 | by ( ) www.reuters.com time to read: +1 min

April 21 (Reuters) - Alphabet Inc's (GOOGL.O) Google said on Friday it will update Bard, its generative artificial intelligence (AI) chatbot, to help people write code to develop software, as the tech giant plays catch-up in a fast-moving race on AI technology. Last month, the company started the public release of Bard to gain ground on Microsoft Corp (MSFT.O). Google describes Bard as an experiment allowing collaboration with generative AI, technology that relies on past data to create rather than identify content. Bard will be able to code in 20 programming languages including Java, C++ and Python, and can also help debug and explain code to users, Google said on Friday. The company said Bard can also optimize code to make it faster or more efficient with simple prompts such as "Could you make that code faster?".

☆ Huawei launches in-house software system after being cut off from US services
▼ + stars: | 2023-04-20 | by ( David Kirton | ) www.reuters.com time to read: +2 min

ERP software is used by companies to manage key business operations ranging from accounting to supply chain management. "We were cut off from the old ERP system and other core operation and management systems three years ago," said Tao Jingwen, a Huawei board member and president of its quality, business process and IT management department. The in-house Meta-ERP has been rolled out across 80% of the company's business, Huawei said in a news release. The cut off was a "massive crisis" for Huawei, Tao said in his speech, saying that the old system had been core to the company's operations for over two decades. Huawei's 'meta-ERP' system is a 'cloud-native' product, which uses the company's cloud-computing systems for greater efficiency than traditional ERP products, the person said.

☆ Lawmakers scrutinize free IRS filing options. “The whole process needs to be improved,” commissioner says
▼ + stars: | 2023-04-20 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

IRS Commissioner Danny Werfel on Wednesday fielded questions from the Senate Finance Committee about the agency's spending priorities, including research on the IRS direct e-file program. However, he admitted there are issues with the current IRS Free File program. A public-private partnership between the IRS and the Free File Alliance, IRS Free File offers free online guided tax prep software to taxpayers with an adjusted gross income of $73,000 or less for 2022. Warren said private companies "sabotaged the program" by making it harder for users to find free filing options to "keep raking in money." IRS free filing raises 'conflicts of interest'Throughout Inflation Reduction Act negotiations, many Republicans have been skeptical about the IRS creating its own free filing program, as well as the $15 million allocated for the study.

☆ If you need more time for your tax return, do this today or 'miss the opportunity,' pro warns
▼ + stars: | 2023-04-18 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

Getty ImagesThe federal tax deadline for most Americans is April 18, and there's still time to file for an extension. How to file a federal tax extensionThere are several ways to file a federal tax extension if you can't make the April 18 deadline. You can file Form 4868 electronically via IRS Free File, which provides free guided tax prep software. If you file Form 4868, it's very clear that you know exactly what you're doing. "If you file Form 4868, it's very clear that you know exactly what you're doing," said John Loyd, a CFP and owner at The Wealth Planner in Fort Worth, Texas.

Imbalance had long riled Nissan executives who complained Renault did not pay its fair share of costs for innovation and development. In a joint statement to Reuters, Nissan and Renault said they were working toward final partnership terms that would make them more competitive. Nissan will invest and provide technology for the venture but will limit its operational involvement, one of the people told Reuters. In rebalancing talks, Nissan has pushed for protection of its technology to limit any downside from continued partnership, people involved have said. Among technology Nissan wants to protect is its work on solid-state lithium-ion battery making and its e-Power electric hybrid powertrain, the people said.

☆ Stock futures are flat ahead of key March inflation data: Live updates
▼ + stars: | 2023-04-11 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Stock futures were flat in overnight trading Tuesday as investors turned their focus to March's highly anticipated inflation report. Futures tied to the Dow Jones Industrial Average traded flat, while S&P 500 and Nasdaq 100 futures inched 0.04% and 0.07% higher, respectively. The S&P 500 closed little changed, while the Dow Jones Industrial Average gained 0.29% and Nasdaq Composite lost 0.43%. Wall Street looked ahead to March's consumer price index, a key data point that could affect the Federal Reserve's rate decision come May. Economists polled by Dow Jones predict that CPI rose by 0.2% in March, compared to a 0.4% gain in February.

☆ Investing in Space: Boeing's got to get going
▼ + stars: | 2023-03-30 | by ( Michael Sheetz | ) www.cnbc.com time to read: +3 min

The Starliner spacecraft for the Crew Flight Test is seen in the company's processing facility at NASA's Kennedy Space Center. CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. Even then, each company had faced its share of delays, but NASA estimated flight tests were months apart. I'm not advocating for anything akin to "go fever" for Boeing's upcoming Starliner crewed flight test (CFT), which just got delayed from mid-April to late July. Assuming the test flight goes according to plan, then there are the redesigns of Starliner's propulsion valves and module separation system – and potentially batteries – that are underway for missions after CFT.

But if you're still missing key forms or feeling overwhelmed, you can buy more time by filing a free tax extension. You can avoid a late-filing penalty with an extension by the federal deadline on April 18. You may also need a separate state income tax extension, depending on where you live. How to file a federal tax extensionIf you can't make the April 18 tax deadline, there are a few ways to file for a federal extension, with or without a tax professional. One option is to file Form 4868 online via IRS Free File, which offers free guided tax prep software.

☆ Blackbaud rejects $71/shr offer from stakeholder Clearlake
▼ + stars: | 2023-03-27 | by ( ) www.reuters.com time to read: +1 min

March 27 (Reuters) - Blackbaud Inc (BLKB.O) on Monday rejected a buyout offer from its largest shareholder Clearlake Capital that valued the software firm at $3.78 billion. Clearlake made an offer of $71 per share in cash, a premium of nearly 23% to Blackbaud's Friday close. Blackbaud provides donor management software for non-profit organizations, foundations and corporations. The private equity firm has been snapping up software firms as remote and hybrid working trends fueled demand for cloud services. It bought management software provider Cornerstone OnDemand and Quest Software in 2021.

☆ How to Fill Out a Form 1040
▼ + stars: | 2023-03-20 | by ( ) www.wsj.com time to read: +15 min

Form 1040 contains every figure the IRS needs to calculate your tax bill or refund. The form is identical to Form 1040, but with larger text that makes the form easier to read.) Filing status and personal informationAt the top of Form 1040, you’ll indicate your filing status and provide your basic personal information. If you make estimated tax payments throughout the year, you might want some of your overpayment applied to your estimated tax payments for the following year. Signatures on Form 8879 can be electronic or physical, and once the form is signed you can submit your return for e-filing.

☆ Microsoft Can’t Afford Turbulence From New Copilot
▼ + stars: | 2023-03-17 | by ( Dan Gallagher | ) www.wsj.com time to read: 1 min

CEO Satya Nadella presides over a company that dominates the market for office app software. Clippy just got a serious promotion. Now Microsoft has to make sure this one doesn’t become unhinged. Microsoft, helmed by CEO Satya Nadella , announced plans on Tuesday to integrate the artificial intelligence technology powering the popular ChatGPT chatbot into its suite of Office software tools. That adoption will take the form of a new interface called Copilot, which can write Word documents, create PowerPoint presentations, analyze Excel spreadsheets and even reply to emails through Outlook—essentially a far more powerful tool than the Office Assistant dubbed Clippy that Microsoft once deployed through its Office products.

☆ This SoftBank-backed startup just launched smart glasses that enable surgeons to virtually observe and advise on procedures across the world
▼ + stars: | 2023-03-13 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +6 min

The practicing surgeon is the founder of Proximie, an augmented reality startup that enables healthcare professionals to observe and advise on surgeries virtually. The wearable PxLens headset enables remote users to get a first-person view of surgeries or training procedures in 2D. Riddhi Kanetkar/InsiderThrough its 4K camera lens, the glasses enable surgeons and remote users to have a detailed view of the operating room. "It's almost as if you're standing over the shoulder of the surgeon in the operating room," said Hachach-Haram. "I see a world where every operating room in the world will be digital, and accessible to anyone."

☆ Here are Tuesday's biggest analyst calls: Apple, Amazon, Arista, Costco, Joby, Netflix & more
▼ + stars: | 2023-03-07 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Tuesday's biggest calls on Wall Street: Northcoast upgrades Costco to buy from hold Northcoast said it sees more upside for the wholesale retailer. " Goldman Sachs initiates Arista Networks and Juniper as buy Goldman initiated several networking equipment stocks, noting they are attractively valued. Deutsche Bank downgrades Joby to sell from hold Deutsche said it sees too many risks for the aviation company. Morgan Stanley reiterates Walmart as overweight Morgan Stanley said its standing by shares of Walmart as the retail giant continues to sign up new members for its Walmart+. Loop reiterates Netflix as hold Loop said its survey checks show that password sharing charging is increasing revenue for Netflix.

☆ Microsoft is the market's top software stock because OpenAI offerings like ChatGPT will juice profits over the next 5-plus years, Credit Suisse says
▼ + stars: | 2023-03-06 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Microsoft is the market's top software stock, thanks to its investment in ChatGPT, Credit Suisse said. That could add $40 billion in revenue and $2 in EPS over the next 5-plus years, analysts predicted. The expanded partnership spurred a steep rally in Microsoft stock last month, with the company's market capitalization jumping back to $2 trillion. Credit Suisse analysts predicted Microsoft could gain $40 billion in revenue and $2 in earnings per share over the next five-plus years. Microsoft poured $10 billion in its investment earlier this year, on top of an existing $1 billion.

Yet only 54% of all businesses say they have a business continuity and disaster recovery plan for a cyberattack. 2 2022 Small Business Profile, U.S. Small Business Administration Office of Advocacy. https://cdn.advocacy.sba.gov/wp-content/uploads/2022/08/30121338/Small-Business-Economic-Profile-US.pdfCyber Readiness Institute (CRI) is not an affiliate of any company of the Principal Financial Group®. Referenced companies are members of the Principal Financial Group®, Des Moines, IA 50392. ©2023 Principal Financial Services, Inc.

"His deep understanding of our customers' needs, and the broader industry make him an ideal candidate for Chairman of the Supervisory Board from 2024 onwards," Plattner added. Plattner, who co-founded SAP in 1972 alongside four other former IBM employees, stepped down from active management in May 2003 to head the supervisory board after serving as SAP's CEO since 1997. He owns a 6.16% stake in SAP which is currently worth 8.23 billion euros ($8.73 billion), and said he would remain committed to the company as an "investor with an unchanged stake". SAP, in a separate statement, said it would propose a dividend of 2.05 euros per share for 2022. The company paid 2.45 euros a share for the previous year, which included a 0.50 euros apiece special dividend.

See Insider's picks for the best tax software »Changing tax needs meant a new approach to filingLast year, I filed myself using tax prep software. Though I am a financial planner, I'm not an accountant, and my knowledge of the tax code is much lower than someone who lives and breathes taxes. My accountant was able to find deductions that I never knew existed, meaning I paid far less in taxes than expected. However, depending on the complexity of their finances and their understanding of the process, it may be advantageous to hire an accountant. To me, an accountant was the best money I've ever spent — and I plan to never file my taxes myself again.

☆ Mercedes-Benz cars to have 'supercomputers', unveils Google partnership
▼ + stars: | 2023-02-22 | by ( ) www.reuters.com time to read: +3 min

But the car companies also want to keep control over their customer relationships as well as valuable data generated by their cars. Mercedes-Benz is moving from a patchwork approach of integrating software from a range of suppliers to controlling the core of its software. Under the Google partnership, Google Maps will be Mercedes-branded and provide drivers with Google traffic information and automatic rerouting, as well as the ability to watch YouTube on the cars' entertainment system when the car is parked, or in Level 3 autonomous driving mode. Google and Mercedes-Benz also agreed to explore further collaboration with Google Cloud data and artificial intelligence capabilities. Others carmakers like General Motors, Renault (RENA.PA), Nissan (7201.T) and Ford (F.N) have embedded an entire package of Google services into their vehicles, offering features like Google Maps, Google Assistant and other applications.

Pros Check mark icon A check mark. Expert help is available with every filing package Check mark icon A check mark. Pay less than H&R Block and TurboTax and get a comparable experience Check mark icon A check mark. Efficient and streamlined interface Check mark icon A check mark. Ability to set up reminders to pay estimated quarterly taxes throughout the year Check mark icon A check mark.

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