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The Biden administration plans to reduce Intel’s preliminary $8.5 billion federal CHIPS grant, a move that follows the California-based company’s investment delays and broader business struggles. The government’s decision to reduce the size of the grant follows Intel’s move to delay some of its planned investments in chip facilities in Ohio. The company now plans to finish that project by the end of the decade instead of 2025. The chip maker has been under pressure to reduce costs after posting its biggest quarterly loss in the company’s 56-year history. The move by the Biden administration also takes into account Intel’s technology road map and customer demand.
Persons: Biden Organizations: Biden, Intel, U.S ., Taiwan Semiconductor Manufacturing Company Locations: California, Ohio
CNN —The remains of a York, Pennsylvania, teenager who vanished in 1973 have been identified through genealogy research and DNA analysis more than 50 years after she went missing, authorities said. Two game wardens discovered the decomposed remains under a plastic tarp and brush in a wooded area in Union Township on October 10, 1973, according to Pennsylvania State Police. Whether she actually made it to school – and how far she got to and from school – remains under investigation. Pennsylvania State Police are continuing the investigation into Ruth’s death to determine her last known activities, authorities said. While there was “some level of suspicion” to her death, whether it was a homicide is still pending through the coroner’s office, Pennsylvania State Police Sgt.
Persons: Jane Doe, Ruth Elizabeth Brenneman, , , Ruth, Keck, Ian Keck, ” Keck, ” It’s, Josh Lacey, it’s Organizations: CNN, Pennsylvania State Police, Investigators, Pennsylvania, Police Locations: York , Pennsylvania, Union Township, York, Lebanon, Pennsylviana
AdvertisementLinkedIn cofounder Reid Hoffman hopes a second Trump term can usher in an era of AI innovation. Hoffman warned that Elon Musk shouldn't use his relationship with Donald Trump to boost xAI. LinkedIn cofounder Reid Hoffman said Elon Musk has a "serious conflict of interest" when it comes to guiding a second Trump administration on AI policies in the US. Hours after the FT published the op-ed, Musk responded to an X post unrelated to Hoffman's column, criticizing people who post on LinkedIn. AdvertisementHoffman, who is also the cofounder of Inflection AI, shared his hopes and concerns for Trump's second term in the FT op-ed.
Persons: Reid Hoffman, Hoffman, Elon, Donald Trump, Elon Musk, Musk, Trump, Kamala Harris Organizations: Trump, Financial Times, LinkedIn, Biden Administration, Trump White, PayPal, Confinity, Republican Party, of Government Locations: America
In a sense, AI can give each of us a job promotion, not be a job replacement. : With Gen AI, scientists can slash the time required for drug discovery, accelerate therapy development, and find vaccines that are cheaper and more accessible. Media : By automating the difficult art and production aspects of games and entertainment, Gen AI frees designers to create and ideate more. : By automating the difficult art and production aspects of games and entertainment, Gen AI frees designers to create and ideate more. Financial Services: Gen AI can strengthen fraud detection and compliance while increasing the efficiency of loan officers making lending decisions.
Persons: Sivasubramaniani, , Marie Kondo, Thoughtfully, strategize —, Swami Sivasubramanian, Jane Zhang Organizations: Amazon Web Services, Design, Engineers, Financial Services
AdvertisementOver the past few years, fears about toxic and inflammatory "seed oil" have taken over the internet. What seed oil is actually doing in our diet is more complicated than either side lets on. The seed oils under fire, aka 'the hateful 8'lacaosa/Getty ImagesFor centuries, people around the world have used local oils, some of which could be classified as "seed oils," derived from mustard seeds and flaxseeds. Advertisement"There are things that are way more important for you than to even think about seed oils," Mozaffarian said. AdvertisementBazinet said, while the jury is still out on seed oils, some people may want to take extra precautions.
Persons: it's, Robert F, Kennedy Jr, Trump's, Richard Bazinet, Predrag Popovski, Dariush Mozaffarian, Mozaffarian, Mozaffarian —, who've, veganism, Joseph Hibbeln, Hibbeln, Artemis Simopoulos, Simopoulos, Stuart Walmsley, fryer, Bazinet, you've, chia Organizations: Health, Human Services, University of Toronto, Food, Medicine Institute, Tufts University, National Institutes of Health, Business, Michelin, Shake, Getty Locations: Eastern, Canada, Chipotle, China
AdvertisementTSMC's Phoenix chip factories likely won't eliminate US dependence on tech from Taiwan. Experts told BI that TSMC's most advanced chips will likely continue to be produced in Taiwan. TSMC produces an estimated 90% of the world's advanced chips, which power everything from iPhones to cars. While TSMC's Phoenix factories are expected to boost semiconductor chip production in the US, the company isn't making its most advanced chips stateside, industry experts told Business Insider. For example, chips produced using 4 nanometer (nm) technology are expected to be made in the first Phoenix factory, while TSMC's Taiwan factories are already producing chips using 3nm technology.
Persons: Biden, TSMC, Jeff Koch, SemiAnalysis, — Koch, Stephen Ezell, it'll, Chris Miller, Miller, Koch, Trump, William Alan Reinsch Organizations: Commerce Department, Information Technology, Innovation Foundation, of Commerce, Arizona, Nvidia, Apple, Qualcomm, AMD, American Enterprise Institute, Center for Strategic, International Studies, Biden Locations: Taiwan, Arizona, Phoenix, TSMC's, United States, China
Just seven stocks have fueled much of the market's rally: Amazon, Apple, Alphabet, Microsoft, Meta, Nvidia, and Tesla. Move over, Magnificent SevenAfter an incredible two-year rally, it's may be difficult to see the Magnificent Seven cooling off. For context, the Magnificent Seven outperformed the rest of the S&P 500 by 22% so far this year and 63% in 2023. "And so our analysis is there's potential for multiple expansion in those stocks," Kostin added. To find companies likely to see enhanced revenues from AI, Goldman Sachs analyzed recent messaging from company management regarding AI rollout.
Persons: Goldman Sachs, Tesla, David Kostin, Kostin, That's, Goldman Organizations: Microsoft, Meta, Nvidia, Digital Realty
For two fund managers at Fidelity International, Beijing's latest stimulus announcements were significant enough for them to buy more beaten-down real estate stocks. "We have been moderately increasing our position in China," Zhou said. Zhou and Ben Li are co-managers of Fidelity's Greater China Fund . One of the top 10 holdings of Fidelity's Greater China Fund is Chinese online booking platform Trip.com . Earnings comments in the last two weeks from major Chinese companies have underscored how it will take time to see the impact of stimulus .
Persons: Theresa Zhou, Zhou, Ben Li, Li, Daniel Zipser's, Zipser, Nomura, Donald Trump's Organizations: Fidelity International, CNBC, China Fund, McKinsey, TCL, Fidelity Locations: China, BOE, Shenzhen
The NFL highlighted the risks posed by what it called “organized and skilled groups” of burglars targeting wealthy athletes. Mahomes has called the ordeal “frustrating” and “disappointing.”Orange County District Attorney Todd Spitzer in Santa Ana, Calif., on July 3. “It’s totally military”-level technology, Orange County District Attorney Todd Spitzer told NBC News over the summer. “The FBI reported that, in most of the incidents, the homes were equipped with alarm systems that were not activated,” reads the NBA memo obtained by NBC News on Friday. “The FBI also reported that the homes were all unoccupied and, in most cases, no dogs were present.”
Persons: Patrick Mahomes, Travis Kelce, Bobby Portis, Alan Hamilton, there’s, Mike Conley’s, Portis, Todd Spitzer, Allen J, ” Hamilton, , Hamilton, “ It’s, we’ve, Organizations: NBA, FBI, American Theft Groups, NFL, Kansas City Chiefs, Milwaukee Bucks, Southern California ., South America, Electronic, NBC, ” Minnesota Timberwolves, Minnesota Star Tribune, Los Angeles Times, , , NBC News Locations: Southern California, Southern California . Federal, Los Angeles, Orange County, Central, South, Instagram, Kansas City, Mahomes, Santa Ana, Calif, Chicago, Houston, Dallas, Chile,
AdvertisementArkansas resident GT Hill purchased a missile silo, decommissioned in the 1980s, for $90,000 in 2010. He bought a $90,000 decommissioned missile silo and turned it into an Airbnb. If it's a Walking-Dead-style apocalypse, you don't want to be in a missile silo because then you're trapped inside. Lastly, I was interested in owning a missile silo because it's just kick ass. Courtesy of GT HillI found my missile silo, called Titan II, online.
Persons: Hill, I'm, It's, we're, We've, We'd, we've, Kara, Nate, Lynne Peeples, everybody's, it's Organizations: GT Hill, GT, Air Force, US, Titan Locations: Arkansas, Vilonia , Arkansas, Oregon, Searcy , Arkansas, Russia
AdvertisementI returned to my sales job after my mother died, and I was still grieving. I was worried my performance would suffer and I wouldn't be able to meet my quotas. However, my coworkers were open about grief and shared their own stories with me. I worried the grief would affect my outputI was terrified this mental out-of-office would take over my ability to perform, ultimately jeopardizing my paycheck. Having co-workers who are open to helping you experience grief rather than hiding it makes not only a more productive employee but also a stronger team.
Persons: Lou Gehrig's, Eager, homecomings, Liza Shaub Organizations: Linkedin Locations: Seattle, Virginia Beach, Baltimore
I found that I was clashing with the culture of Silicon Valley. I attributed that attitude to the Silicon Valley atmosphere. In Silicon Valley, you have a lot of Google people, a lot of Meta people, and, at the time I was there, a lot of Tesla people. An aerial view of Silicon Valley. The sustainability hub is in Silicon Valley, and moving to the other side of the country felt like I was separating myself from that.
Persons: Adam Fletcher, Fletcher, NerdWallet, unravels ChatGPT, I've, They're, we're, It's, There's, Philadelphia Jon Lovette, Philly Organizations: San, Philadelphia, Stanford, Applied Materials, East, Carbon, Carbon Reform, Eagles, Phillies, University of Pennsylvania, Drexel University Locations: San Francisco, East, San Francisco , California, Philadelphia , Pennsylvania, Philly, Philadelphia, Bay, Santa Clara, California, Silicon Valley, Silicon, East Coast, Rittenhouse, New York, DC
The judge used an analogy to a video game company to explain her decision. The New York Times sued OpenAI in December, arguing that the company used its articles without permission to train ChatGPT. She then offered an analogy to explain her decision, comparing OpenAI to a video game manufacturer and the Times to a copyright holder. If a copyright holder sued a video game manufacturer for copyright infringement, the copyright holder might be required to produce documents relating to their interactions with that video game manufacturer, but the video game manufacturer would not be entitled to wide-ranging discovery concerning the copyright holder's employees' gaming history, statements about video games generally, or even their licensing of different content to other video game Manufacturers. The case is one among dozens of copyright cases filed against OpenAI, including by media organizations like the New York Daily News, the Denver Post, and The Intercept.
Persons: OpenAI, Ona T, Wang, Sarah Silverman, Silverman, Rob Lowe, that's, Axel Springer Organizations: Times, New York Times, OpenAI, New York Daily News, Denver Post, Raw, Business
Bernie Moreno, Republican U.S. Senate candidate from Ohio, attends a campaign event in Holland, Ohio, on Saturday, October 26, 2024. In total, crypto-related PACs and other groups tied to the industry reeled in over $245 million, according to Federal Election Commission data. Crypto accounted for nearly half of all corporate dollars that flowed into the election, according to nonprofit watchdog Public Citizen. It was one of the top spending committees of any industry this cycle and exclusively gave to pro-crypto candidates running for Congress. "Welcome to America's most pro-crypto Congress ever," Armstrong wrote on X on Nov. 5.
Persons: Bernie Moreno, Moreno, Sen, Sherrod Brown, Tom Williams, Donald Trump, Coinbase, Crypto, Marc Andreessen, Ben Horowitz, David Sacks, " Moreno, Brian Armstrong, Fred Ehrsam, Faryar Shirzad, Armstrong, Ehrsam, Coinbase's Armstrong, Gary Gensler, Brown, Elizabeth Warren, FTX, Fairshake, gunning, Republican Jim Justice, Democratic Sen, Joe Manchin, Katie Porter, Porter, he'd, Horowitz, Sacks, Coinbase's Shirzad, Moreno wasn't, Shirzad, David McIntosh, McIntosh, hasn't, JD Vance's, Sam Bankman, Gensler, Andreessen Horowitz, Cameron, Tyler Winklevoss, Ripple, Chris Larsen, JD Vance, Paul Grewal, Jesse Powell, Trump, Phil Potter, Multicoin Capital's Kyle Samani, Fred Wilson, Charles Cascarilla, Mike Belshe, Solana, Anatoly Yakovenko, Wences Casares Organizations: Republican U.S, Cq, Inc, Getty, Democratic, Banking Committee, Public Citizen, Crypto, House, Securities and Exchange Commission, SEC, Senate, Committee, Republicans, Protect, Fairshake, Defend, Jobs, Republican, New, CNBC, Andreessen, Craft Ventures, Club for Growth, Growth, Politico, PAC, Labs, Senate Inc, Trump, Union Square Ventures, Xapo Bank Locations: Republican, Ohio, Holland , Ohio, Cleveland, Coinbase, U.S, Arizona, Michigan, West Virginia, California, Washington, FTX, Nashville , Tennessee
Henry Schein is a leading global distributor of health-care products and services primarily to office-based dental and medical practitioners. Health care distribution covers Henry Schein's distribution of dental and medical products, such as laboratory products, pharmaceuticals, vaccines, surgical products, dental specialty products and diagnostic tests. While Henry Schein has successfully carved into the office-based physician niche as the No. Henry Schein is a great company that has gotten sleepy and been allowed to coast when it could have been soaring. Several directors have been in their seats at Henry Schein for over a decade and the board lacks best-in-class distribution expertise.
Persons: Henry Schein, Charlie Penner, Alex Silver, Schein's, Henry Schein's, Patterson, Benco, Schein, Stanley Bergman, Ananym, Ken Squire Organizations: Ananym Capital Management, Jana Partners, P2 Capital Partners, Cardinal Health, 13D Locations: New York, EBITDA ., EBITDA
The power needs of artificial intelligence and cloud computing are growing so large that individual data center campuses could soon use more electricity than some cities, and even entire U.S. states, according to companies developing the facilities. Now, with the advent of artificial intelligence, data centers are growing so large that finding enough power to drive them and enough suitable land to house them will become increasingly difficult, the developers say. Technology companies are in a "race of a lifetime to global dominance" in artificial intelligence, said Ali Fenn, president of Lancium, a company that secures land and power for data centers in Texas. Beyond VirginiaAs land and power grow more limited, data centers are expanding into new markets outside the long-established global hub in northern Virginia, Sahlstrom said. The privately-held company is working with utilities to secure up to 1.8 gigawatts of power for the site to support as many as 40 individual data centers.
Persons: Ali Fenn, Nat Sahlstrom, Sahlstrom, Phoenix — Organizations: Technology, Phoenix, CNBC, Department of Energy, Bureau Locations: U.S, Pittsburgh, Texas, Denver, Virginia, Maricopa County , Arizona, Storey County , Nevada, Reno, Buckeye , Arizona
She used her cell phone to share her location with trusted friends. Investigators were able to use location data from both Riley’s and her attacker’s phones to trace their movements the day of Riley’s death. The other side of the coinAdvocates for victims and survivors of gender-based violence say technology can be a powerful safety tool. The National Network to End Domestic Violence created the Safety Net Project to educate survivors and advocates about tech safety and privacy. Surveillance video corroborated the student’s account, and cell phone location data linked Riley’s killer to the incident.
Persons: Laken Riley, Laken’s, Lauren Phillips, Jose Ibarra, , Riley, Arvin Temkar, smartwatch, Jane Anderson, AEquitas, Anderson, , ” Anderson, Alex Murdaugh, Maggie Murdaugh, Paul Murdaugh, Bryan Kohberger, Richard Allen, , it’s, Stephanie Love, Patterson, ” Jose Ibarra, Hyosub Organizations: CNN, University of Georgia, University, Georgia, GPS, University of Idaho, National Network, , UGA Locations: Delphi , Indiana, Georgia
AdvertisementThe CHIPS and Science Act, offering over $30 billion in incentives, spurred semiconductor lobbying. Related VideoAmerican manufacturers like Intel and Micron boosted their lobbying funding, while foreign companies like TSMC assembled their DC-based government relations teams in response. Business Insider reviewed lobbying public disclosure reports associated with various chip companies and focused on the top listed lobbyists and governmental affairs departments. Only three companies—Polar Semiconductor, Global Foundries, and TSMC—have finalized funding contracts out of 21 set to receive CHIPS Act grant funding. The spokesperson declined to comment on chip lobbying efforts and the specifics of individual CHIPS applicants.
Persons: TSMC, Chris Miller, Joe Biden's, Donald Trump, Joe Rogan, TSMC —, Lori Yue, Yue, Trump, Howard Lutnick, Cantor Fitzgerald Organizations: Nvidia, TSMC, Intel, Big Tech, Micron, AMD, Business, Polar Semiconductor, Global, of Commerce, Companies, Columbia Business School, The Locations: Washington, Washington ,, Taiwan
London's historic art scene is getting a tech upgrade
  + stars: | 2024-11-23 | by ( ) www.cnbc.com   time to read: +1 min
The United Kingdom's historic art scene has embraced technology such as artificial intelligence, as it evolves to compete with growing markets such as China. While the United States and China hold the number one and two spots respectively, the U.K.'s contribution to the art market is nothing to be sniffed at – holding 17% of the global share, according to the Art Basel and UBS Art Market Report. London is widely regarded as the art hub of Europe, and its biggest art fair, Frieze, boasted 90,000 visitors in 2024. Within the art world, it's been sort of bubbling away, burning away for a while, and it's suddenly caught fire," said Henry Highley, Head of European Private Sales for Phillips. Watch the video above for an up-close look at some of the art breaking barriers on London's art scene.
Persons: Eva Langret, it's, Langret, Marie Antoinette's, Phillips, Henry Highley Organizations: Art Basel, UBS Art, Frieze, CNBC's, European Locations: China, United States, Europe, Frieze London
In 2022, 69.3% of Americans reported some alcohol consumption in the previous year, a slight increase from 69% in 2020 and 66.34% in 2018. Though the researchers couldn’t answer exactly why alcohol consumption was so high among the US adults surveyed, Lee has a few hypotheses. The height of the pandemic also saw an average of about 488 deaths per day due to excessive alcohol consumption; there was an increase of more than 29% from 2016-17 to 2020-21. “We’ve shown in studies that liver transplants for alcohol have increased fivefold in the last 20 years. We’ve also shown that alcohol deaths due to liver disease are surging,” he said.
Persons: Brian Lee, ” Lee, hasn’t, Lee, , Jagpreet Chhatwal, , ” Chhatwal, Dr, Sanjay Gupta, “ We’ve, We’ve, Chhatwal Organizations: CNN, University of Southern California’s Keck School of Medicine, Internal, National Health, US Census Bureau, , Institute for Technology, Massachusetts General Hospital, National Institute, Alcohol, US Centers for Disease Control, CNN Health Locations: Massachusetts
Such a company would be a major longshot: Loosararian had very little work experience or seed money, and no tech industry connections. After graduating college in 2013, Loosararian co-founded Pittsburgh-based Gecko Robotics. He worked 100-hour weeks to save "$30,000 or $40,000" and fund his startup's first few years of existence, he says. Today, Gecko Robotics is a fast-growing robotics company with $220 million in funding, including a $100 million fundraising round last year that valued Gecko at $633 million. CNBC Make It: Did you immediately believe you had a major tech startup on your hands after building a successful robot in college?
Persons: Jake Loosararian's, might've, he'd, Loosararian, There's, I'm, Aw Organizations: CNBC, Pennsylvania's, Pennsylvania's Grove City College, Robotics Locations: Pennsylvania's Grove, Pittsburgh
Editor’s note: Sign up for Unlocking the World, CNN Travel’s weekly newsletter. Villages and visasThe Italian village offering $1 homes to Americans upset by the US election result was one of our top stories on CNN Travel this week. Despite all the houses going on offer, working visas to Italy are still very limited. Over in the world of dairy, this year’s World Cheese Awards saw 4,786 cheeses from 47 countries assembled in the Portuguese city of Viseu to face judges’ scrutiny. The US agency might even have to slow air traffic down because of air traffic controller shortages, particularly in the Northeast.
Persons: Zeneba Bowers, Matt Walker, Chelsea Waite, , they’re, CNN Kim Morgan, Tom Latkovic, Lyme, Vang, tarantulas Organizations: CNN, FAA, CNN Travel, Federal Aviation Administration, Northeast . American Airlines, Spirit Airlines Locations: Italy, Sicily, Sardinian, Ollolai, Tennessee, Rome, California, Ham, Parma, Portuguese, Viseu, Kashmir, India, France, United States, Northeast, Europe, Laos, Vang Vieng, Britain
AdvertisementDozens of UK partners at PwC will take early retirement in December, Sky News reported. More PwC partners than usual will take early retirement at the end of this year, marking another shake-up at the firm's UK division since the appointment of a new boss, Marco Amitrano, in Spring. PwC's 1,030 UK partners were informed this week via a voice memo from Amitrano that dozens of partners would take early retirement next month, Sky News reported. AdvertisementThe jump in partners taking early retirement follows a series of changes following Amitrano's elevation to senior partner for the UK and Middle East in April. UK partners at PwC took home an average of £862,000 (about $1.1 million) this financial year, 5% less than they did in 2023.
Persons: PwC, Marco Amitrano, , Amitrano Organizations: PwC, Sky News, Big, — Deloitte, EY, KPMG, East, Deloitte, Labour Locations: Spring
A prominent digital rights activist, who is transgender, confronted Rep. Nancy Mace at a public event Thursday, days after the congresswoman from South Carolina introduced a resolution to ban transgender women from using women’s bathrooms in the U.S. Capitol. A representative for Mace and Project Liberty, the organization that hosted the summit and invited Greer, didn’t immediately respond to a request for comment. Greer’s organization is known for its viral protest efforts against internet censorship and surveillance and in support of net neutrality. McBride, whom Mace has repeatedly misgendered, said in a statement that she would follow the new bathroom rules as outlined by Johnson, even if she disagrees with them. In her congressional office, McBride will have a private bathroom, while all other public bathrooms in the Capitol will be banned for transgender people.
Persons: Nancy Mace, Evan Greer, Mace, Ro Khanna, ” Greer, ” Mace, misgendering Greer, Greer, didn’t, , , “ I’m, , Sarah McBride, Mike Johnson, McBride, misgendered, Johnson Organizations: U.S . Capitol, Georgetown University, Washington , D.C, Democratic Rep, Tech Solutions, Liberty, NBC Locations: South Carolina, Washington ,
“It’s many, many things under one umbrella.”Although people diagnosed with autism often have similar strengths and challenges, “there are many paths to autism and many presentations of autism,” Miller said. Scientists have identified more than 100 genes related to autism, Miller said, and genes are believed to play a role in 60% to 80% of cases. “We’re making leaps and bounds about known genetic causes of autism.”Yet genes clearly don’t explain every case of autism. But only a fraction of children with the genetic mutation actually develop autism, Miller said. He notes that only 8.4% of the $419 million spent on autism research in the United States is devoted to support and services for people with autism.
Persons: Robert F, Kennedy Jr, , Donald Trump, , United Kingdom —, immunizations, Kennedy, , Ari Ne’eman, , ” Timothy Caulfield, Judith Miller, it’s, Manish Arora, ” Arora, ” Miller, Arora, Catherine Lord, UCLA David, Miller, Gregory Cejas, ” Lord, It’s, he’s Organizations: Department of Health, Human Services, World Health Organization, Network, Harvard, of Public Health, University of Alberta’s Health Law Institute, Center for Autism Research, Children’s Hospital of Philadelphia, Icahn School of Medicine, Autism, UCLA, UCLA David Geffen School of Medicine, Autism Clinical, Washington University School of Medicine Locations: British, United Kingdom, Chan, Canada, , Mount Sinai, New York, United States
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