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☆ Eighty-eight corporate leaders endorse Harris in new letter, including CEOs of Yelp, Box
▼ + stars: | 2024-09-06 | by ( Megan Cassella | In | ) www.cnbc.com time to read: +2 min

WASHINGTON — Eighty-eight current and former top executives from across corporate America have endorsed Vice President Kamala Harris for president in a new letter shared exclusively with CNBC. Among the signers are several high-profile CEOs of public companies, including Aaron Levie of Box , Jeremy Stoppelman of Yelp and Michael Lynton, chairman of Snap . Other signers appear to be issuing their first public endorsements of Harris since she became the de facto Democratic nominee in July. They include James Murdoch, former CEO of 21st Century Fox and an heir to the Murdoch family media empire, and crypto executive Chris Larsen, co-founder of the Ripple blockchain platform. Still more are prominent in Silicon Valley, including the venture capitalist Ron Conway, entrepreneur Mark Cuban and former LinkedIn CEO Reid Hoffman.

Persons: WASHINGTON —, Kamala Harris, Aaron Levie, Jeremy Stoppelman, Yelp, Michael Lynton, Harris, James Murdoch, Murdoch, Chris Larsen, Lynn Forester de Rothschild, José E, Feliciano, Twilio, Jeff Lawson, Ted Leonsis, Kleiner Perkins, John Doerr, Deven Parekh, Jeffrey Katzenberg, Wndr, Laurene Powell Jobs, Dustin Moskovitz, Magic Johnson, Tony James, Blackstone, Bruce Heyman, Goldman Sachs, Peter Orszag, Steve Westly, Ron Conway, Mark Cuban, Reid Hoffman Organizations: WASHINGTON, CNBC, Democratic, Century Fox, Washington Wizards, WNBA's Mystics, NHL's Washington Capitals, Walt Disney Studios, Facebook, NBA Hall of Famer, Jefferson, Lazard, Westly, Tesla Locations: America, California, Capital, Silicon Valley

☆ I've toured 8 historic Gilded Age mansions. Here are the most extravagant displays of wealth I've seen.
▼ + stars: | 2024-09-06 | by ( Talia Lakritz | ) www.businessinsider.com time to read: +1 min

I've toured eight Gilded Age mansions in Newport, Rhode Island, and the Hudson Valley, New York. The mansions feature incredible displays of wealth such as walls covered in gold and silver. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe opulent mansions of the Gilded Age's wealthiest families once required exclusive invitations to visit. As a history buff and fan of HBO's "The Gilded Age," I've toured eight Gilded Age mansions in Newport, Rhode Island, and the Hudson Valley in New York.

Persons: I've, —, Mark Twain Organizations: Service, Business Locations: Newport , Rhode Island, Hudson Valley , New York, Hudson, New York

☆ Dozens of business leaders endorse Kamala Harris for president
▼ + stars: | 2024-09-06 | by ( Liam Reilly | Matt Egan | ) edition.cnn.com time to read: +3 min

CNN —Dozens of business leaders are throwing their weight behind Vice President Kamala Harris, saying she is the stronger candidate for the American economy and the future of democracy. In a three-page letter, a group of 88 business leaders — including high-profile current and former executives from major public companies across tech, media, and finance — emphasized that they believe a Harris administration can better nurture the private sector. The endorsements underscore the support Harris has not only in Silicon Valley, a traditional Democratic stronghold, but in some corners on Wall Street and at some consumer-facing companies. On the campaign trail, Harris has positioned herself as perhaps friendlier to business than President Joe Biden. The letter is a vote of confidence for Harris as she and former President Donald Trump appear neck and neck ahead of the November election.

Persons: Kamala Harris, —, Harris, “, James Murdoch, Mark Cuban, Reid Hoffman, Rupert Murdoch, Michael Lynton, Jeremy Stoppelman, Hoffman, Jeff Lawson, Laurene Powell Jobs, Peter Chernin, Jeffrey Katzenberg, Joe Biden, Trump, Elon Musk, David Sacks, San Francisco, Doug Leone, Joe Lonsdale, Peter Thiel, Donald Trump Organizations: CNN, CNBC, Democratic, Century Fox, Emerson Collective, TCG, Fox, Walt Disney Studios, Trump, San, Republican National Convention, America PAC, Sequoia Capital, Palantir, ABC Locations: Silicon Valley, United States

☆ This startup ditched plans to go public and sold to a private equity firm for $3 billion. Here's the pitch deck it used.
▼ + stars: | 2024-09-06 | by ( Melia Russell | ) www.businessinsider.com time to read: +7 min

European private equity firm Hg expressed interest in buying a majority stake in the enterprise software company. For startups, private equity represents a deep-pocketed buyer willing to move quickly, pay a premium, and potentially help the business by tapping into complementary companies in their portfolio. AuditBoard is the kind of startup that private equity goes gaga over. Bidding warArnold then delivered the pitch deck that he had shown to public market investors just weeks before. Here's the 19-slide pitch deck that AuditBoard used to court a $3 billion buyout from private equity.

Persons: —, Scott Arnold, Morgan Stanley, Arnold, AuditBoard, Corporates, Daniel Kim, Jay Lee, It's, Fortune, Alex Johnson, Johnson, Morgan Stanley's, Roxanne Oulman's, Nic, Humphries — Hg's, Goldman Sachs, Humphries, he's Organizations: Service, Business, Battery Ventures, Tiger Global, Morgan Locations: Silicon Valley, San Francisco, Shutterfly, Paris

☆ Nvidia has more than just billions of dollars in value to lose if its stock keeps falling
▼ + stars: | 2024-09-05 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

New York CNN —Nvidia, the nearly $3 trillion AI chip maker, is well known as a “golden handcuffs” employer. It’s worked especially well for Nvidia, a 30-year-old tech company whose specialized chips now account for 90% of AI-related chip sales. Since 2019, Nvidia’s stock has soared 3,000% — minting millionaires among its rank and file. Things got worse for Nvidia on Tuesday, when shares fell 9.5%, wiping $279 billion off its value. As my colleague David Goldman noted, only 27 companies on Earth are worth as much as Nvidia lost on Tuesday.

Persons: CNN Business ’, It’s, Jensen Huang, Per, David Goldman Organizations: CNN Business, New York CNN, Nvidia, Bloomberg, Santa, Per Bloomberg, Wall, Google, Competition Locations: New York, ”

☆ Andreessen Horowitz just dealt a blow to tech's move-to-Miami movement
▼ + stars: | 2024-09-04 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAndreessen Horowitz has reportedly given up on its Miami office after just two years in the space. "The firm is now virtual, but can materialize physically on command," Horowitz said at the time. Andreessen Horowitz did not immediately respond to Business Insider's request for comment. VC investment in Miami also saw a huge decrease in 2023, dropping 70% to $2 billion, according to the Journal.

Persons: —, Andreessen Horowitz, cofounders, Ben Horowitz, Horowitz, Marc Andreessen, Keith Rabois, Rabois, Florida . Austin, Elon Musk, he'd Organizations: Service, Miami Beach, Bloomberg, Business, Miami, Street Journal, SpaceX Locations: Miami, Miami Beach, Miami Beach , New York City, Santa Monica, Francisco, California, San Francisco, Fort Lauderdale, Florida ., Austin, Texas

☆ 4 things an executive learned from reporting to Airbnb CEO Brian Chesky
▼ + stars: | 2024-09-04 | by ( Jaures Yip | ) www.businessinsider.com time to read: +7 min

Read previewDuring his decade at Airbnb, Vlad Loktev picked up some pointers from CEO Brian Chesky. Although Loktev noted that their booking numbers were up and things appeared to be running smoothly, the CEO responded, "Things are just too calm. Loktev said he learned from how Chesky strategically inserted some disarray into an otherwise calm process. And he learned it from Chesky, whom Loktev said would continuously grow. AdvertisementIt's not about hitting the goalWhen it came to thinking big, Loktev said Chesky taught him how to rethink big goals.

Persons: —, Vlad Loktev, Brian Chesky, Loktev, Chesky, you've, That's, Brian, Paul Graham, Graham, Steve Jobs, they'll, it's Organizations: Service, Zynga, Ventures, Business, Airbnb, VP, Apple Locations: Airbnb, Chesky

☆ How an edtech startup used AI tools like Midjourney and HeyGen to boost its ad performance by 40%
▼ + stars: | 2024-09-04 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +6 min

Pavlovsky said the use of AI tools has made a profound difference to the company's marketing performance. AdvertisementHeadway joins a growing number of marketers looking to harness AI tools, in part to reduce their advertising costs. Headway is using AI tools like HeyGen, Rask, and MidjourneyFounded in Ukraine in 2019, Headway operates a portfolio of educational apps that combined have been downloaded by more than 110 million users worldwide. Its flagship app, Headway, offers 15-minute summaries of popular nonfiction books, as well as challenges and daily micro-learning sessions. All of Headway's user-generated-content video ads are now produced using some element of AI technology, such as for subtitles or voiceovers, the company said.

Persons: —, OpenAI, Anton Pavlovsky, Pavlovsky, Klarna, Mona Lisa, Leonardo, Marie Antoinette, it's Organizations: Service, Business, Gartner, Midjourney, Facebook, Google, UGC, YouTube Locations: Ukrainian, Silicon, Ukraine, Ukraine's, Kyiv

US Steel and Nippon Steel both indicated in statements that they’re open to legal fights to get the deal approved, no matter what actions is announced by Biden. Shares of US Steel (X) closed down 17.5% on the news at $29.37, well below the $55 a share that Nippon Steel agreed to pay for the stock back in December when the deal was announced. US Steel said the future of this and other union-represented plants at the company are at risk unless it gets approval to be purchased by Nippon Steel. US Steel says it has more than 3,000 employees in the state in its remaining steel mills along the Monongahela River just outside of Pittsburgh. The union says it doesn’t believe in the promises made by Nippon Steel so far and that it remains opposed to the purchase.

Persons: Joe Biden, Biden, “, Biden’s, Kamala Harris, Donald Trump, JD Vance, Harris, David Burritt’s “, Gene J, Philip Gibbs, ” Gibbs, ”, Gibbs, “ You’re, you’re, CFIUS, Michael Leiter, Skadden’s CFIUS, ” – CNN’s Matt Egan Organizations: Washington DC CNN, Nippon, US Steel, White, Foreign Investment, White House, Treasury, Steel, Nippon Steel, “ Nippon Steel, Washington Post, Labor, United Steelworkers, Justice, KeyBanc, CNN, steelworkers, “ Nippon, National Security Locations: United States, Japan, American, Pittsburgh, shoring, Gary , Indiana, “, Clairton , Pennsylvania, Pennsylvania, Monongahela, America

☆ Chipotle and Spirit Halloween are launching a costume collection
▼ + stars: | 2024-09-04 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

New York CNN —Chipotle is already getting into the Halloween spirit. The fast-casual chain announced a costume collection with Spirit Halloween Wednesday, the seasonal Halloween costume store that pops up every year in abandoned storefronts. Two years ago, it posted a fake “Chipotle Fork” bodysuit with the caption “Found ur costume.” Then last year, another fake “Chipotle Napkin” costume showed up on its Instagram. The Chipotle Fork costume, for example, is just a plain black, polyester bodysuit. “Our popular Halloween tradition, Boorito, began with a burrito-themed costume contest and now we’re taking it to the next level with the launch of our first-ever costume collection in collaboration with Spirit Halloween,” said Chris Brandt, chief brand officer at Chipotle in a statement.

Persons: New York CNN — Chipotle, Chipotle, ”, Chris Brandt, Brian Niccol, Taco, Scott Boatwright Organizations: New, New York CNN, Burt’s, Retailers, Taco Bell Locations: New York, Canada, Chicago, Denver, Egg Harbor Township, N.J, Los Angeles

☆ 'Rush' hour isn’t what it used to be. Working 10-to-4 is the new 9-to-5, commuting data shows
▼ + stars: | 2024-09-03 | by ( Jessica Dickler | ) www.cnbc.com time to read: +2 min

Afternoon commuters sit in traffic on southbound Interstate 5 near downtown San Diego on March 12, 2024. Kevin Carter | Getty Images"Rush" hour isn't what it used to be. Ridership sank during the pandemic, Federal Reserve Bank of St. Louis data shows, and never fully recovered. The result is a surge in traffic congestion throughout the peak midday and evening hours, according to Pishue. "Pre-Covid, the morning rush hour would be a peak and then the evening peak would be much larger," he said, describing two apexes with a valley in between.

Persons: Kevin Carter, Bob Pishue, Louis, Gallup Organizations: INRIX Inc, Midday, Federal Reserve Bank of St Locations: San Diego

☆ A fighter jet pilot crashed a Utah Apache helicopter after spending only 35 minutes in a simulator: report
▼ + stars: | 2024-09-03 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +1 min

A fighter jet pilot in Utah flew a helicopter after 35 minutes in a simulator, a new report says. He sustained "serious" injuries as a result of the crash, FOX 13 said, citing an investigative report. AdvertisementA fighter jet pilot crashed a Utah National Guard helicopter after only spending 35 minutes in a flight simulator, FOX 13 News reports. The outlet obtained an investigative report on the February 12 accident through a public records request. He was accompanied by a chief warrant officer, FOX 13 wrote, citing the investigative report.

Persons: — Organizations: FOX, Service, National Guard helicopter, South Valley Regional Airport, Business Locations: Utah, West Jordan , Utah

☆ Oracle billionaire Larry Ellison's incredible real estate portfolio includes properties in Silicon Valley, Japan, Hawaii, and more
▼ + stars: | 2024-09-01 | by ( Jordan Hart | Paige Leskin | ) www.businessinsider.com time to read: +1 min

Larry Ellison, Oracle's cofounder and former CEO, has an extensive real estate portfolio. Here are all the real estate holdings belonging to Ellison, the fifth-richest person in the world. Go to newsletter preferences Thanks for signing up! AdvertisementOracle cofounder Larry Ellison is the fifth-richest person in the world, with a net worth of more than $169 billion, according to Forbes. With a portfolio valued at over $1 billion, Ellison is no stranger to the real estate market.

Persons: Larry Ellison, Oracle's, Ellison, — Organizations: Service, Forbes, Eau, Business Locations: California, Lanai, Eau Palm

☆ Affirm shares have best day in three years, surge 32% after earnings beat
▼ + stars: | 2024-08-29 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +2 min

Max Levchin, co-founder of PayPal and chief executive officer of financial technology company Affirm, arrives at the Sun Valley Resort for the annual Allen & Company Sun Valley Conference, in Sun Valley, Idaho. Affirm shares soared nearly 32% on Thursday, notching their best day in almost three years, after the provider of buy now, pay later loans beat on the top and bottom lines in its earnings report. For the current quarter, Affirm sees revenue in the range of $640 million to $670 million. Analysts for Mizuho called it a "killer quarter" for Affirm in a note Thursday, and said the "prospect of turning GAAP operating income-positive" will be "a major milestone." Even after Thursday's rally, Affirm shares are still down about 15% for the year, while the Nasdaq is up 19%.

Persons: Max Levchin, LSEG, Jerome Powell Organizations: PayPal, Allen & Company Sun Valley Conference, Mizuho, Nasdaq, Federal, Bank of America, Apple Locations: Sun Valley , Idaho

☆ JD Vance urges billionaire Peter Thiel to back Trump campaign: 'Get off the sidelines'
▼ + stars: | 2024-08-29 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +1 min

Republican vice presidential nominee, U.S. Sen. J.D. Vance (R-OH) speaks at a rally at trucking company, Team Hardinger on August 28, 2024 in Erie, Pennsylvania. Donald Trump's presidential running mate JD Vance is urging Silicon Valley billionaire Peter Thiel to "get off the sidelines" and financially support the Republican ticket, Vance told the Financial Times. A representative for Thiel did not immediately respond to CNBC's request for comment on Vance's remarks. The Trump campaign has been contacted for additional comment.

Persons: J.D, Vance, Hardinger, Donald Trump's, JD Vance, Peter Thiel, Thiel, Peter, Kamala Harris, Trump Organizations: Sen, Silicon, Republican, Financial Times Locations: Erie , Pennsylvania, Silicon Valley, Wisconsin, Ohio

☆ Skyfire lets your AI agent spend your money. We got an exclusive look at the pitch deck the startup used to raise $8.5 million.
▼ + stars: | 2024-08-26 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +1 min

Skyfire Systems just launched out of stealth and raised $8.5 million in seed funding. The startup lets AI agents make autonomous purchases on behalf of their users. Check out an exclusive look at the pitch deck the startup used to raise its seed funding round. A new startup is now tackling the next frontier in the space: using AI to make purchases on a user's behalf. The startup, Skyfire Systems, just emerged from stealth with $8.5 million in seed funding from financial firms Neuberger Berman, DRW, and Brevan Howard Digital.

Persons: —, Neuberger Berman, DRW, Brevan Howard, Draper, Ripple Organizations: Skyfire Systems, Service, Arrington Capital, RedBeard Ventures, Crossbeam Venture Partners, Inception, Draper Associates, ARCA, Business Locations: Silicon Valley, EveryRealm

☆ Amazon aggregators Branded and Heyday plan to merge as once-booming industry continues to shrink
▼ + stars: | 2024-08-26 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +3 min

Amazon aggregators Branded and Heyday plan to merge, CNBC has learned, as a segment of the e-commerce industry that boomed during the Covid era continues to consolidate. The new name will be officially rolled out in the coming days, and the combined companies are expected to generate annual revenue of $400 million, Rymarz wrote. Heyday and Branded are part of the crowded and turbulent market of Amazon seller aggregators. Prior to the deal with Paris-based Branded, Heyday explored a possible tie-up with Dragonfly, whose backers include L Catterton, before the talks fell apart, CNBC previously reported. WATCH: What's behind the hype and billion-dollar aggregators buying Amazon sellers

Persons: Sebastian Rymarz, Rymarz, Aggregators, Jared Kushner's, highflier Thrasio, aggregators Organizations: CNBC, Apollo Global Management, BlackRock, Bloomberg, Companies, Jared Kushner's Affinity Partners Locations: New York, Silicon Valley, BlackRock, Paris

☆ VCs are fighting, investors are annoyed, and the presidential election has become a constant distraction that Silicon Valley just wants to be over
▼ + stars: | 2024-08-24 | by ( Ben Bergman | Melia Russell | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. She didn't sign, not because she doesn't support Harris (she does) but because she sees no upside in broadcasting her political intentions. The former president has also received endorsements from famous VCs Marc Andreessen, Ben Horowitz, Doug Leone, and David Sacks. Now, executives are waiting until after the election concludes to make any decision, according to a source familiar with the matter. Publicly supporting candidates has no upside for LPs, especially considering many LPs have their own agendas, added a VC.

Persons: —, Kamala, Kamala Harris, Harris, We're, Joe Biden, David Hornik, Israel —, There's, Leslie Feinzaig, VCs, Elon Musk, Trump, Marc Andreessen, Ben Horowitz, Doug Leone, David Sacks, Reid Hoffman, Reed Hastings, Ron Conway, Graham, Walker, MAGA, they're, Divya Kakkad, Sacks, Jesse Middleton, Middleton, Cameron Lester, Lester, tradespeople, ServiceTitan, I've Organizations: Service, Business, San Francisco, Lobby Capital, August, Republicans, Israel, Netflix, Graham, Craft Ventures, Jefferies, Publicly Locations: San, Silicon Valley, Los Angeles, Bay, New York

☆ I took my 4-year-old to Champagne houses in France. She had more fun than I did.
▼ + stars: | 2024-08-24 | by ( Stephanie Cain | ) www.businessinsider.com time to read: +5 min

I very much wanted to visit Champagne. We even took our drinks to the playroom where my daughter crafted an elaborate imaginary adventure with a stuffed giraffe. The Champagne houses were also kid-friendlyI was equally delighted when booking our visits to the Champagne houses. At Champagne Ayala, a winery in village Aÿ, my daughter played tour guide with our actual tour guide. We visited a small grower Champagne house, a word for wineries run by those who own the vineyards.

Persons: —, Dame de Reims, Champagne Ayala, Dom Perignon, Lady Gaga, Lenny Kravitz, Champagne Michel Gonet's Villa Signolle, Pamela Druckerman, United States — Organizations: Service, Business, Champagne, Notre, Dame, Dom Locations: Napa Valley , California, France, Paris, Champagne, Reims, Paris's, Aÿ, Hautvillers, American, United States

☆ How Google makes custom chips used to train Apple AI models and its own chatbot, Gemini
▼ + stars: | 2024-08-23 | by ( Katie Tarasov | ) www.cnbc.com time to read: +7 min

He's been covering Google's custom cloud chips since they launched in 2015. Google was the first cloud provider to make custom AI chips. Microsoft 's first custom AI chip, Maia, wasn't announced until the end of 2023. But being first in AI chips hasn't translated to a top spot in the overall rat race of generative AI. Google TPUs still dominate among custom cloud AI accelerators, with 58% of the market share, according to The Futurum Group.

Persons: Google's, Daniel Newman, He's, Maia, wasn't, Gemini, OpenAI's ChatGPT, Newman, Amin Vahdat, Marc Ganley, Vahdat, they've, Stacy Rasgon, Rasgon, it's Organizations: Google, Apple, Apple Intelligence, Nvidia, Futurum, Amazon Web Services, Microsoft, CNBC, Systems, Unit, Bernstein Research, Broadcom, TSMC, Trillium, Taiwan Semiconductor Manufacturing Company, Intel, Samsung Locations: Mountain View , California, China, Taiwan, U.S

☆ Tesla's AI supercomputer has a Silicon Valley town rushing to meet surging electricity demand
▼ + stars: | 2024-08-23 | by ( Alistair Barr | ) www.businessinsider.com time to read: +7 min

One of these huge new AI data centers is being built at a Tesla office in the Silicon Valley town of Palo Alto. Related storiesDuring a presentation about Tesla's Dojo AI supercomputer, engineer Bill Chang said the company's testing used so much power that it overwhelmed a nearby Palo Alto substation. A slide from a Palo Alto city presentation The City of Palo AltoThe substation upgrade is being done at unprecedented speed. It doesn't help that on July 1 Palo Alto increased electric bills by 9%, well ahead of inflation. She also stressed that Palo Alto utility rates were not increased to pay for this substation upgrade.

Persons: —, Elon Musk, Alistair Barr, Tesla, Bill Chang, Palo Alto Alistair Barr Organizations: Service, Business, Workers, Palo Alto, Palo, Hanover Substation Locations: Silicon, Palo Alto, CPAU, Palo, Hanover

☆ Opinion | Billionaire Donors Have It Out for This Legal Prodigy, but President Harris Will Need Her
▼ + stars: | 2024-08-23 | by ( Michelle Goldberg | ) www.nytimes.com time to read: +1 min

Some wealthy Harris backers have called for Khan’s replacement, including the LinkedIn co-founder Reid Hoffman, who donated $10 million to a Democratic super PAC this year. Because Harris’s economic views seemed fuzzy and her ties to Silicon Valley are strong, some on the left worried she might give in to the pressure. Wes Moore of Maryland, a close ally of the vice president, was asked on CNBC about jettisoning Khan, and suggested that Harris might break from President Biden’s aggressive approach to antitrust. “There are going to be different dynamics that are going to require different philosophies,” said Moore. As the broad outlines of Harris’s economic approach have emerged over the last week, it seems at least as populist as Biden’s.

Persons: Kamala Harris, Lina Khan —, —, Harris, Reid Hoffman, Barry Diller, Khan, Wes Moore, jettisoning Khan, Biden’s, ”, Moore Organizations: Democratic, Federal Trade Commission, LinkedIn, CNBC, IAC, Expedia, Gov Locations: Silicon, Maryland

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInside Google's chip lab, where it makes custom silicon to train Gemini and Apple AI modelsGoogle was the first cloud provider to make its own custom AI chips, called TPUs, when they first came out in 2015 - a trend both Amazon and Microsoft followed years later. Now, Apple has revealed it uses TPUs to train its AI models, positioning Google chips as an alternative to Nvidia's market-leading GPUs. CNBC got an exclusive look inside the lab where Google makes its chips, where its top executive showcased TPU Version 6, and its new Arm-based CPU, Axion, both coming out later in 2024.

Persons: Apple Organizations: Gemini, Apple, Google, Microsoft, CNBC

☆ I lived in Silicon Valley, New York, and London as a founder. If you're looking for a place to build a business, there's one clear winner.
▼ + stars: | 2024-08-23 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +7 min

I've lived in the Bay Area, New York, and the UK while building and scaling Zyper. But if you want to be laser-focused without distractions, you can't beat the Bay Area. Particularly in the Valley, there's a propensity for very quickly backing "zero-to-one ideas" and creating something entirely new. Silicon Valley is special, and I plan to stayI moved Zyper to San Francisco right before the pandemic hit. AdvertisementThere are other emerging markets, like Korea, Brazil, and China, but I think there's something very special about the ecosystem and history of Silicon Valley.

Persons: —, Amber Atherton, I've, Zyper, Y Combinator, Y, it's, Michael Seibel, Everyone's, London's, There's, overregulate Organizations: Service, Business, Patron, Nvidia Locations: San Francisco, London, New York, Palo Alto, Bay, California, Zyper, Mountain View, Hong Kong, England, American, Delaware, . New York, York, Europe, Silicon Valley, Miami, Austin, Silicon, Korea, Brazil, China

☆ RFK Jr. suspends 2024 campaign, throws support behind Trump
▼ + stars: | 2024-08-23 | by ( John L. Dorman | Brent D. Griffiths | ) www.businessinsider.com time to read: +6 min

Read previewRobert F. Kennedy Jr. suspended his long-shot presidential campaign on Friday, throwing his support behind former President Donald Trump in a bid to shake up an already chaotic 2024 race. Related storiesIn recent days, Kennedy's campaign has shown signs of strain. Kennedy seemed primed to be a factor in the 2024 election when it appeared that President Joe Biden and Trump were destined for a rematch. Early polls showed that Kennedy was nearing double-digit support when faced with a likely Trump-Biden rematch that Americans didn't want. But, like Trump, Kennedy has faltered over the summer.

Persons: —, Robert F, Kennedy Jr, Donald Trump, Kennedy, Abraham Lincoln's, Nicole Shanahan, Kennedy —, Trump, Donald Trump isn't, he's, Mary Beth Cahill, Kennedy's, Kathleen Kennedy Townsend, Kamala Harris, Joe Biden, hasn't, Biden, Shanahan, Timothy Mellon Organizations: Service, Business, Trump, Democratic, GOP, Democratic National, RFK Jr, DNC, The Washington Post, Biden, Silicon, Kennedy, PAC Locations: Arizona, Maryland, Silicon Valley

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