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☆ 'Shadow Stand-Ins': How Workers Secretly Outsource Their Jobs
▼ + stars: | 2024-06-30 | by ( Rob Price | ) www.businessinsider.com time to read: +20 min

Related storiesThough Remi recruited people she knew, shadow stand-ins are often sourced from a complex online web of faceless providers. Facebook Groups are a popular forum for recruiting shadow stand-ins, providing a two-sided marketplace where workers and providers can connect to one another. The dustup highlighted a key drawback to shadow stand-ins: While alluring, things can go horribly wrong. "It required a lot of micromanaging," said a backend engineer in Pennsylvania who hired shadow stand-ins to help him juggle multiple jobs. Pay rates for shadow stand-ins are "definitely more than what people earn in their regular payday, that's for sure," he said.

Persons: Remi, Zer, couldn't, — Remi, Walter Keane, Margaret, Tim Ferriss, Raj Kumar, isn't, Kevin, Andrew, it's, Lorenzo Matteucci, Brandon Nowak, —, Amber Clayton, Tim Woodruff, Woodruff, they're, Ranjan, Kiran, Rahul, Peter Steele, Michel Anteby, doesn't Organizations: Business, Labor, Verizon, Southwestern, Facebook, Amazon Web Services, BI, Companies, Corporations, Society for Human Resource Management, Secret Service, Department of, Treasury, FBI, LinkedIn, Boston University Locations: Chicago, India, Pakistan, China, Southwestern US, Atlanta, San Jose , California, Bengaluru, American Java, Southeast Asia, United States, Colorado, Southern California, Pennsylvania, Washington, Indian, Michigan, Oregon, England

☆ The 10 U.S. places with the highest cost of living—No. 1 costs more than double the national average
▼ + stars: | 2024-06-29 | by ( Mike Winters | ) www.cnbc.com time to read: +3 min

The cost of living in Manhattan is more than twice the national average. The second- and third-most expensive places are Honolulu and San Jose, California, but in comparison, they are much more affordable. That's according to the Council for Community and Economic Research's Cost of Living Index, which measures regional price differences for everyday goods and services in 271 urban areas in the U.S. A composite score of 100 is the national average, and any score higher than 100 is above average. Data for the Cost of Living Index was collected from Jan. 1, 2024, through March 31, 2024.

Persons: isn't, That's Organizations: —, Council for Community, U.S, New, Angeles, CNBC Locations: New York, Manhattan, U.S, Honolulu, San Jose , California, Jose, Jose , California, Francisco, York, Brooklyn, Orange County , California, Long, Queens, Washington, Boston, New York City, Decatur , Illinois

We've compiled everything you need to know about where to watch the NHL Draft, including a Day 1 cable option and live streaming services for all rounds. Keep reading to learn all of your watch options for the 2024 NHL Draft. Where to watch the NHL Draft in the USThe NHL Draft is spread across two days. ESPN Plus (Monthly Plan) ESPN Plus is designed for sports, giving subscribers access to live MLB, NHL, NFL, soccer, golf, and UFC fights. Check price at FuboHow to watch the NHL Draft from anywhereHockey fans who will be traveling away from home during the NHL Draft can still tune in to their subscriptions via VPN (virtual private network).

Persons: We've, Macklin Celebrini, Artyom Levshunov, Anton Silayev, we've, There's, ExpressVPN Organizations: Business, Stanley, NHL, Boston University, Boston College, San Jose Sharks, Chicago Blackhawks, Anaheim Ducks, ESPN, MLB, NFL, UFC, Hulu, Disney Plus, Hockey Locations: Denver

☆ AI pioneer Illia Polosukhin, one of Google's 'Transformer 8,' wants to democratize artificial intelligence
▼ + stars: | 2024-06-27 | by ( Katie Tarasov | ) www.cnbc.com time to read: +2 min

Before Illia Polosukhin left Google in 2017, he had a brainstorming lunch and then returned to his desk to build what may have been the very first transformer, the neural network architecture that makes generative artificial intelligence possible. Seven of the "Transformer 8" joined Nvidia CEO Jensen Huang at GTC, Nvidia's annual developer conference in San Jose on March 20, 2024. From left to right: Lukasz Kaiser, Noam Shazeer, Aidan Gomez, Jensen Huang, Llion Jones, Jakob Uszkoreit, Ashish Vaswani and Illia Polosukhin. All eight of the authors have now left Google, although Polosukhin was the first to depart. Watch the video to hear the full conversation between CNBC's Katie tarasov and and Illia Polosukhin.

Persons: Polosukhin, Jensen Huang, Illia Polosukhin, Lukasz Kaiser, Noam Shazeer, Aidan Gomez, Llion Jones, Jakob Uszkoreit, Ashish Vaswani, OpenAI, Alexander Skidanov, CNBC's Katie tarasov, Illia Organizations: Nvidia, Google, CNBC Locations: San Jose

☆ A retired boomer who moved from the US to Costa Rica said it's 'horribly incorrect' to assume life in Central America is much cheaper
▼ + stars: | 2024-06-21 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +7 min

Keenan said he's loved the peace and nature of Costa Rica after spending most of his life in Albuquerque. During his time with the insurance company, he attended a retreat in Playa Zancudo, located in the south of Costa Rica. After these visits, he knew he wanted to retire in Costa Rica to live an "easygoing" life far from the US. AdvertisementCosta Rica is more expensive than he thoughtKeenan said that when he first moved to Costa Rica, prices were cheaper than in the US but not by too much. AdvertisementHe never bought a house, as he said the process can take years in Costa Rica.

Persons: Gary Keenan, Little, Keenan, he's, it's, Costa Rica Keenan, José, hasn't, Kelley Organizations: Service, Business, Google, Costa Locations: New Mexico, Costa Rica, Albuquerque, America, Costa, Playa Zancudo, Playa Grande, Guanacaste, Europe, France, José, San Pedro, capital's, Santa Ana, San José, Costa Rican, Panama, Argentina, expats

☆ There are 4 cities where housing is now 'impossibly unaffordable' — and they're all in the same state
▼ + stars: | 2024-06-18 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +1 min

Four of the world's 11 "impossibly unaffordable" housing markets are in California, a study found. The study blamed land use policies for constraining housing supply and driving up prices. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In fact, four of the 11 most unaffordable housing markets in the English-speaking world are in California — and seven are in the US and Canada, a new study has found. San Jose, Los Angeles, San Francisco, and San Diego are all "impossibly unaffordable," according to the 2024 Demographia International Housing Affordability report.

Persons: — Organizations: Service, Business Locations: California, Canada, California —, San Jose , Los Angeles, San Francisco, San Diego

☆ Housing is now 'impossibly unaffordable' in these 4 cities — and they're all in the same state
▼ + stars: | 2024-06-18 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +1 min

Persons: — Organizations: Service, Business Locations: California, Canada, California —, San Jose , Los Angeles, San Francisco, San Diego

☆ The trips Justice Clarence Thomas took with Harlan Crow — that we know of
▼ + stars: | 2024-06-18 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +7 min

Read previewSupreme Court Justice Clarence Thomas is once again facing renewed scrutiny amid details about undisclosed trips he took with GOP mega-donor Harlan Crow. Advertisement"The Judicial Conference changed this provision last year, and Justice Thomas has fully complied with the new disclosure requirement," Berke said. GOP megadonor Harlan Crow has defended his relationship with Justice Clarence Thomas after a series of bombshell ProPublica reports. July 2019: Bali, IndonesiaThomas and Crow's 2019 Bali vacation was the centerpiece of ProPublica's original 2023 report. ProPublica previously reported on Thomas' trips to the gentleman's retreat.

Persons: —, Clarence Thomas, Harlan Crow, Thomas, Sen, Dick Durbin, Crow, ProPublica, Michael Zona, Committee's, Elliot S, Berke, Louis, New York ProPublica, Camp Topridge, Leonard Leo, Chris Goodney, Indonesia Thomas, Ginni Thomas, Michaela Rose, Bohemian Grove , California Thomas, Topridge, Topridge —, buddy's hideaway, Crow's, Justice Organizations: Service, GOP, Business, BI, Verizon, PricewaterhouseCoopers, Bloomberg, Getty, Washington Post, DC, Supreme Locations: Indonesia, Grove, Monte Rio , California, Montana, St, Kalispell , Montana, Dallas, New York, Crow's, Thomas, Savannah , Georgia, Georgia, Bali, Bohemian Grove , California, Bohemian Grove, Northern California, Washington, San Jose , California, New Zealand

☆ U.S. sues Adobe over subscription plan disclosures
▼ + stars: | 2024-06-17 | by ( ) www.cnbc.com time to read: +1 min

Adobe headquarters in San Jose, California, US, on Thursday, Nov. 30, 2023. The U.S. government on Monday sued Adobe , accusing the maker of Photoshop and Acrobat of harming consumers by enrolling them in its most lucrative subscription plans without clearly disclosing important terms. In a complaint filed in the San Jose, California, federal court, the government said Adobe failed to adequately disclose hefty early termination fees, sometimes reaching hundreds of dollars, when customers sign up for "annual, paid monthly" subscription plans. The government said Adobe hides important terms in fine print and behind textboxes and hyperlinks, clearly discloses the fees only when subscribers try to cancel, and makes canceling an onerous and complicated process. Adobe did not immediately respond to a request for comment.

Persons: Adobe Organizations: Adobe, Monday Locations: San Jose , California, U.S

☆ What’s next for the stock market? Here’s one thing you could do if shares start sinking
▼ + stars: | 2024-06-17 | by ( Krystal Hur | ) edition.cnn.com time to read: +8 min

The market has been on a tear in 2024, driven higher by robust corporate earnings and the artificial intelligence boom. Traders expect the Fed to begin easing rates in September at the earliest, according to the CME FedWatch Tool. If inflation is cooling down but the Fed is still expected to keep its key lending rate higher for longer, what does that mean for the stock market? The data will tell us that, but I think the big takeaway for us is [inflation] going in the right direction. Do you expect some of the cash that’s on the sidelines to enter the stock market?

Persons: Price, Wall, Bell, Jack Janasiewicz, Jerome, Powell, we’re, it’s, wouldn’t, you’re, Hilary Whiteman, Read, Sam Altman, Steve Wozniak, OpenAI, Altman, Samantha Murphy Kelly, Tim Cook, ”, Ben Wood, “ Apple, Siri Organizations: CNN Business, Bell, New York CNN, Federal, Nasdaq, Fed, Traders, Solutions, You’re, Apple, Insight, CNN, Apple Intelligence Locations: New York, United States, West Coast, Hawaii, California, San Jose , Los Angeles, San Francisco, San Diego, Honolulu, Australia, Sydney, Melbourne, Victoria, Adelaide, South Australia

☆ Top Wall Street analysts suggest these 3 dividend stocks for enhanced returns
▼ + stars: | 2024-06-16 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +5 min

Wall Street's best analysts have insight into companies' ability to provide attractive dividend yield and upside for the long term. Here are three attractive dividend stocks, according to Wall Street's top pros on TipRanks, a platform that ranks analysts based on their past performance. With a quarterly dividend of $1.22 per share ($4.88 on an annualized basis), KMB offers a dividend yield of 3.5%. In June, the company paid a base dividend of $1.25 per share and a variable dividend of $1.69 per share. (See Chord Energy Stock Charts on TipRanks)Cisco SystemsOur third pick is dividend-paying technology stock Cisco Systems (CSCO).

Persons: Wall Street's, Wall, Kimberly, Clark, Nik Modi, Modi, Mike Hsu, TipRanks, William Janela, Janela, Jefferies, George Notter, Notter Organizations: Cisco, Clark Consumer, KMB, RBC Capital, Energy, Enerplus, Cisco Systems Locations: San Jose , California, Kimberly, North America, Williston

☆ Buying a house? These US cities now among the world’s most ‘impossibly unaffordable’
▼ + stars: | 2024-06-14 | by ( Hilary Whiteman | ) edition.cnn.com time to read: +4 min

Australia is the only other country besides the US to dominate the “impossibly unaffordable” list, led by Sydney and the southern cities of Melbourne in Victoria and Adelaide in South Australia. But it also blames soaring house prices on land use policies, including “urban containment,” a kind of planning designed to stop urban sprawl. “Toronto and Vancouver show that the cost of taming expansion is unacceptably high: inflated house prices, higher rents and, for increasing numbers of people, poverty,” Cox wrote. The report was compiled by researchers from the Center for Demographics and Policy at Chapman University in California and the Frontier Centre for Public Policy, an independent public policy think tank in Canada. Top 10 “impossibly unaffordable” cities

Persons: it’s, William West, Tyrone Siu, Wendell Cox, Valier, ” Cox, ”, St Louis Organizations: CNN, Getty, Hong, Victoria Harbour, Frontier Centre, Public Policy, Canada, Canadian, New, St, Chapman University in Locations: United States, ”, West Coast, Hawaii, California, San Jose , Los Angeles, San Francisco, San Diego, Honolulu, Australia, Sydney, Melbourne, Victoria, Adelaide, South Australia, Maribyrnong, AFP, Hong Kong, Singapore, New Zealand, Toronto, Valier Macon, Vancouver, Pittsburgh, Rochester, Edmonton, Calgary, Canada, Blackpool, Lancashire, Glasgow, United Kingdom, Perth, Brisbane, Chapman University in California

☆ Broadcom surges to a record after earnings. 3 reasons why the stock can go even higher
▼ + stars: | 2024-06-13 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Broadcom surged more than 12% to a record high Thursday following an excellent fiscal second-quarter earnings report on Wednesday night . The other part of Broadcom's AI business is selling products like Ethernet switches that help stitch together servers inside data centers. AVGO 1Y mountain Broadcom's stock performance over the past 12 months. Tan said on the call Wednesday that customer — aka Apple — is all of Broadcom's wireless business. Wall Street estimates for Broadcom's wireless business will need to rise to reflect the increased iPhone demand we expect to see.

Persons: —, Hock Tan, Tan, Jim Cramer's, Jim Cramer, Jim, Justin Sullivan Organizations: Broadcom, Nvidia, Apple, Apple Intelligence, America, VMWare, CNBC, Getty Locations: San Jose , California

☆ Clarence Thomas took more undisclosed trips paid for by GOP megadonor Harlan Crow, Senate committee chair says
▼ + stars: | 2024-06-13 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

Supreme Court Justice Clarence Thomas has omitted at least three private jet trips gifted by Republican megadonor Harlan Crow from his annual financial disclosures, a top Senate Democrat alleged Thursday. Those trips included private flights in 2017, 2019 and 2021 that Thomas failed to disclose, according to Judiciary Committee Chairman Dick Durbin of Illinois. The Senate probe of the Supreme Court "makes it crystal clear that the highest court needs an enforceable code of conduct, because its members continue to choose not to meet the moment," Durbin said in a statement. Spokespeople for Thomas and the Supreme Court did not immediately respond to CNBC's requests for comment. Thomas said in his latest disclosure that those two trips were "inadvertently omitted" at the time.

Persons: Clarence Thomas, Harlan Crow, Thomas, Dick Durbin of, Crow, Durbin, Spokespeople, ProPublica, Elliot Berke Organizations: Republican, Dick Durbin of Illinois, CNBC, Washington , D.C, D.C, Senate Locations: St, Louis , Missouri, Kalispell , Montana, Dallas , Texas, Washington ,, Savannah , Georgia, San Jose , California, Bali, Indonesia, Monte Rio , California, Crow

☆ Samsung unveils plan to speed up delivery of AI chips
▼ + stars: | 2024-06-12 | by ( ) edition.cnn.com time to read: +2 min

Samsung expects global chip industry revenue to grow to $778 billion by 2028, boosted by AI chips, Choi said. Samsung is one of the few companies that sells memory chips, offers foundry services and designs chips under the same roof. GAA is seen as important to keep making more powerful chips for AI as chips become finer to the point of pushing the boundaries of physics. Although competitors such as global foundry No 1 TSMC are also working on chips using GAA, Samsung started applying GAA earlier, and said it plans to mass produce its second-generation 3-nanometer chips using GAA in the second half of this year. Samsung also announced its latest 2-nanometer chipmaking process for high-performance computing chips, which places power rails on the backside of the wafer to improve power delivery.

Persons: “, ”, Siyoung Choi, Choi, Marco Chisari, Sam Altman’s, Altman Organizations: San Jose Reuters, Samsung Electronics, Samsung, Foundry Sales, chipmaker, Reuters, South Locations: Seoul, San Jose, San Jose , California

☆ I spent 12 days seeking Costa Rica's highlights, from the Cloud Forest to the Nicoya Peninsula. I'd revisit 3 places in a heartbeat but one tourist trap I'll never fall into again.
▼ + stars: | 2024-06-10 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +8 min

Read previewMy partner and I decided to splurge on a vacation to Costa Rica for a milestone birthday celebration this year. Costa Rica boasts 5% of the world's biodiversity, with white sand beaches and lush jungles to explore — a huge draw for us as animal lovers. My partner captured drone footage of our rafting trip down the Rio Celeste in Costa Rica. We chose to take a night walk that included a coffee and chocolate tour. I suggest a dedicated night walk tour, which usually begin at dusk, for a chance to see sloths and other creatures, rather than a gimmicky coffee and chocolate tour offered by many locations.

Persons: —, It's, Costa, Rio Celeste, Rio, Sergio Ortiz, Katherine Tangalakis Organizations: Service, Central, Business, La Fortuna, La, El, Costa Rica — Locations: Costa Rica, Central American, Costa Rica's, San Jose, La, Arenal, Monteverde, Santa Elena, Paquera, Montezuma, Nicoya, Rio Celeste, La Fortuna, Tigre, Puntarenas, artsy, El Tigre, Costa Rican

☆ Red Lobster closings: These are the locations it wants to shut down
▼ + stars: | 2024-06-06 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +6 min

New York CNN —Red Lobster wants to close several dozen more restaurants following its bankruptcy, and it has identified which ones are in danger of shutting down if the court approves its plan. The chain, which brought affordable shrimp and lobster to middle-class America and grew to become the largest seafood restaurant chain in the world, filed for bankruptcy last month. Red Lobster said that it had more than $1 billion in debt and less than $30 million in cash on hand. Part of its plan is to close some locations of its nearly 600 restaurants in the meantime. A few weeks prior to its bankruptcy, it abruptly closed around 50 locations across the United States.

Persons: Fort Smith, Callaghan Lane, Fort, Elizabeth, Merritt, Port Richey, Dale Mabry, Ames, Charles Rock, Noland, Pike, Miller, Monroe, King of Prussia, Knox Abbott, Sam Rittenburg, Anderson Lane, Michael, Van Dorn, Murdock Organizations: New, New York CNN, Beulah, Bell, Oracle, Yuma Palms, Hospitality, College, Run, Fort Myers, Fort Walton, Biscayne, , Michigan City, Charles, Bartow, Pittsburgh, Lamar, Fairfax Locations: New York, America, United States, . Alabama, E, Tuscaloosa Arizona, Flagstaff, Peoria, Phoenix, Tucson, Yuma Arkansas, Shiloh, Fayetteville, Springs, Little Rock California, Citrus Heights, Calaveras, Milpitas, Ave, Monrovia, Pittsburg, Salinas, Hospitality Lane, San Bernardino, San Jose, Lane, Stockton, Vallejo Colorado, Colorado Springs, Fort Collins, Greeley, Pueblo Connecticut, North Haven Delaware, Talleyville Florida, Altamonte Springs, Clermont, North, Clearwater, Coral Springs, Fort Lauderdale, Cleveland, Fort, Fort Walton Beach, Hwy, Kissimmee, Worth, Lake Worth, Lakeland, Leesburg, Haven Ave, Melbourne, Merritt, St, Miami, North Miami, Orange, Alafaya, Orlando, Pensacola, Port, Petersburg, Tampa, The, West Palm Beach Georgia, Columbus, Jonesboro, Rome, Smyrna Illinois, Bourbonnais, Champaign Indiana, Kokomo, , Michigan, Richmond Iowa, Ames Kansas, Topeka Kentucky, Louisville, Paducah Maryland, Salisbury, Salisbury Michigan, Bay City, Waterford Minnesota, West, Bloomington, Golden Valley Mississippi, Tupelo Missouri, Charles Rock Rd, Bridgeton, Independence, Joplin New Jersey, Delran, Paramus New York, Bartow Ave ., Bronx, Copiague, Lakewood, Manhattan, Glen Street, Queensbury, Stony Brook North Carolina, Cary, Jacksonville Ohio, Dayton, Findlay, Maumee, S.E, , New Philadelphia, Parma, Strongsville, Monroe St, Toledo Pennsylvania, Chambersburg, DeKalb Pike, Pittsburgh South Carolina, Cayce, Charleston Tennessee, Chattanooga Texas, Austin, Padre, Corpus Christi, Duncanville, Frisco, Houston, Lubbock, Bedford, Richland Hills, San Antonio, San Marcos, Shenandoah, Texarkana, Wichita Falls Virginia, Alexandria, Blvd, Chesapeake, Fairfax, Spotsylvania, Fredericksburg, Richmond, Broad, Virginia Beach, Pkwy, Virginia Beach Washington, Lynwood, Randall Way, Silverdale West Virginia, Parkersburg

☆ Americans who moved to Latin America for cheaper retirement, starting a new life, and better work options explain the pros and cons
▼ + stars: | 2024-06-06 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +7 min

Business Insider spoke to five Americans who moved to Latin America, many for their retirements. All agreed that life is in many ways better in Latin America than in the US. She said she feels more welcome in Costa Rica than in Illinois, even with a language barrier. Gary Keenan, 71, disagrees that Costa Rica is cheaper than the US, though he's fine paying the upcharge. Living and working in natureMoving to Latin America has allowed some Americans to advance their careers and retirement goals while living a more serene life.

Persons: —, Janet Sussman, Sussman, " Sussman, Cheryl Sands, didn't, she'd, it's, Sands, she's, Gary Keenan, Keenan, Jose Rodriguez, He's, Andy Wiesmann, Medellín, he's, Wiesmann Organizations: Service, Business, Illinois -, Social Security, Costa Rica, US Locations: Florida, New York, Panama, Airbnbs, Latin America, America, Illinois, Illinois - Kentucky, Costa, Guanacaste, Costa Rica, New Mexico, Central, San Jose, Chicago, São Paulo, Brazil, Medellín, Colombia, Inland, Mexico, California, United States, South America

☆ Help! A Gas Station Charged Me $1,500 and My Bank Won’t Believe It’s Fraud.
▼ + stars: | 2024-06-06 | by ( Seth Kugel | ) www.nytimes.com time to read: +2 min

Dear Tripped Up,Last October, my extended family spent a week in Todos Santos, in Mexico’s Baja California peninsula, for a wedding. Nothing else unusual happened that day, and reviews on Google for this gas station contain eerily similar accusations of fraudulent charges from other tourists. I disputed the charge, but Wells Fargo repeatedly denied my claim, even when I asked the Better Business Bureau to intercede. Dear Nate,We cannot be sure the fraud occurred at the gas station, but if so, it’s a clever scam. Humor me while I consider the situation from the perspective of a bank like Wells Fargo.

Persons: Wells Fargo, Nate, we’re Organizations: Google, Better, Bureau Locations: Todos Santos, Mexico’s Baja California, United States, San José del Cabo, Mexico City, Chevron, Wayland, Mass, Wells Fargo

☆ Nvidia passes Apple in market cap as second-most valuable public U.S. company
▼ + stars: | 2024-06-05 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Nvidia passed Apple in market cap on Wednesday as investors continue betting on the chipmaker behind the artificial intelligence boom. Nvidia also hit a $3 trillion market cap milestone on Wednesday after shares rose over 5%. Microsoft is the most valuable publicly traded company, with a market cap of $3.15 trillion, as of Wednesday. Apple was the first company to reach a $1 trillion and $2 trillion market cap. Nvidia shares have gone parabolic as its AI business has developed, rising more than 3,290% over the past five years.

Persons: Jensen Huang, Apple Organizations: Nvidia, Technology, Apple, Microsoft Locations: San Jose , California, China, U.S

☆ Elon Musk ordered Nvidia to ship thousands of AI chips reserved for Tesla to X and xAI
▼ + stars: | 2024-06-04 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +12 min

Correspondence from Nvidia staffers also indicates that Musk diverted a sizable shipment of AI processors that had been reserved for Tesla to his social media company X, formerly known as Twitter. "Elon prioritizing X H100 GPU cluster deployment at X versus Tesla by redirecting 12k of shipped H100 GPUs originally slated for Tesla to X instead," an Nvidia memo from December said. In a post on X in November, Musk wrote, "X Corp investors will own 25% of xAI." At Tesla, Musk has promised to build a $500 million "Dojo" supercomputer in Buffalo, New York, and a "super dense, water-cooled supercomputer cluster" at the company's factory in Austin, Texas. WATCH: Musk ordered Nvidia to ship thousands of AI chips to X

Persons: Elon Musk, David Swanson, Reuters Elon Musk, he's, Tesla's, Musk, Tesla, Elon, Critics, OpenAI's ChatGPT, Axios Harris, Jensen Huang, Huang, David Paul Morris, xAI's Grok, xAI, he'd, He's, Leo Koguan, Gerber Kawasaki's Ross Gerber, Joel Fleming, Fleming, hasn't, Ethan Knight Organizations: SpaceX, Tesla, Reuters, Nvidia, Tesla's Texas, CNBC, X Corp, EV, Google, Meta, Microsoft, Blackwell, Nvidia Corp, Technology, Bloomberg, Getty, Twitter, Equity Litigation Locations: Beverly Hills , California, Tesla's, U.S, San Jose , California, Buffalo , New York, Austin , Texas, North Dakota, Delaware, Tesla, xAI, SolarCity, Texas, New York

☆ AMD announces new AI chips amid intensifying competition with Nvidia, Intel
▼ + stars: | 2024-06-03 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +1 min

Advanced Micro Devices Inc. unveiled new so-called accelerator chips that it said will be able to run artificial intelligence software faster than rival products. Photographer: David Paul Morris/Bloomberg via Getty ImagesAMD on Monday announced new artificial intelligence chips as it seeks to establish itself as a leader amid competition with the likes of Nvidia and Intel . During a keynote address, Su unveiled the Ryzen AI 300 series for next-generation AI laptops. And in partnership with Microsoft , these chips will power laptops equipped with the tech giant's AI chatbot Copilot. This comes less than two months after AMD's April announcement of new processors that can run AI workloads – the Ryzen Pro 8040 for laptops and the Ryzen Pro 8000 for desktops.

Persons: Lisa Su, David Paul Morris, Su, chatbot, workloads Organizations: Devices Inc, AMD, Bloomberg, Getty, Monday, Nvidia, Intel, Qualcomm, Microsoft Locations: San Jose , California, Taipei

☆ Nvidia dominates the AI chip market, but there's more competition than ever
▼ + stars: | 2024-06-02 | by ( Kif Leswing | ) www.cnbc.com time to read: +4 min

Mizuho Securities estimates that Nvidia controls between 70% and 95% of the market for AI chips used for training and deploying models like OpenAI's GPT. Nvidia's position in the AI chip market has been described as a moat by some experts. Founded in 2019, D-Matrix plans to release a semiconductor card for servers later this year that aims to reduce the cost and latency of running AI models. "Nobody can deny that today Nvidia is the hardware you want to train and run AI models," Fernando Vidal, co-founder of 3Fourteen Research, told CNBC. "The key is that there are a lot of options there," Su told reporters in December, when her company launched its most recent AI chip.

Persons: Jensen Huang, Huang, Sid Sheth, It's, that's, Fernando Vidal, Lisa Su, Su Organizations: Nvidia Corp, Nvidia, Technology Conference, Microsoft, Apple, Mizuho Securities, Intel, AMD, Bank of America, 3Fourteen, CNBC Locations: San Jose , California

☆ Nvidia announces new AI chips months after latest launch as market competition heats up
▼ + stars: | 2024-06-02 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Nvidia on Sunday unveiled its next generation of artificial intelligence chips to succeed the previous model, which was announced just months earlier in March. Nvidia CEO Jensen Huang announced the new AI chip architecture, dubbed "Rubin," ahead of the COMPUTEX tech conference in Taipei. Huang's announcement of Rubin appears to quicken the company's already-accelerated pace of AI chip advancement. Nvidia has pledged to release new AI chip models on a "one-year rhythm," as Huang put it on Sunday. The Rubin chip platform will have new GPUs, the crucial graphic processing technology that helps train and launch AI systems.

Persons: Jensen Huang, Rubin, Blackwell, Huang, Vera Organizations: Nvidia Corp, Nvidia, Technology Conference, Sunday, quicken, AMD, Intel, Companies, Microsoft, Google Locations: San Jose , California, Taipei, we're

Fresh off a red-eye flight from California, Cynthia Frybarger dropped off her luggage at the Margaritaville hotel in Midtown early Wednesday and boarded a downtown Q train, bound for the hottest pop-up spot in Manhattan. Her destination: Collect Pond Park, the square plot of cement and trees across Centre Street from the front doors of the Manhattan Criminal Courthouse, where a few hours later a group of 12 New Yorkers began deliberating whether to convict Donald J. Trump in the first criminal trial of an American president. “I didn’t come strictly for this, but it fit in perfectly,” Ms. Frybarger, 73, said, holding up the “Lock Him Up!! !” poster she had made back home in San Jose. As Mr. Trump’s trial has unfurled through its various stages, the park has played host to a daily tableau of New York writ small — gawkers and tourists, politicians and celebrities, demonstrators and protesters, all of whom have stood for hours in the baking sun and driving rain, to see and be seen.

Persons: Cynthia Frybarger, Donald J, Trump, “, Ms, Frybarger, Trump’s Organizations: Yorkers Locations: California, Midtown, Manhattan, San Jose, York

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