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☆ Amazon CEO Andy Jassy says he's committed to cost cutting while investing in AI in shareholder letter
▼ + stars: | 2024-04-11 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +41 min

This work diminished short-term revenue, but was best for customers, much appreciated, and should bode well for customers and AWS longer-term. We're also making progress on many of our newer business investments that have the potential to be important to customers and Amazon long-term. Being intentional about building primitives requires patience. Customers building their own FM must tackle several challenges in getting a model into production. Customers' AI models contain some of their most sensitive data.

Persons: Andy Jassy, Jassy, Jeff Bezos, he's, we've, Martha Stewart, Clinique, we're, We've, bode, We're, I've, iterating, We'd, we'd, Fox, affordably, you've, They're, Anthropic, that's, Claude, Dana, debugs, Slack Organizations: Amazon, Services, AWS, Deal, Prime, MGM, Savings, Regions, Citadel, Target, Storage Service, Netflix, Disney, Max, Paramount, CIA, . Intelligence, Amazon Freight, Carrier, Amazon Shipping, Foods, Drones, Amazon Pharmacy, Amazon Clinic, Robotics, Nvidia, Ricoh, NatWest, FMs, Meta, Bridgewater Associates, Farber Cancer Institute, Delta Air Lines, Intuit, KT, Lonely, LexisNexis, Netsmart, Pfizer, PGA, Rocket Companies, Siemens, Media, Inc Locations: North America, U.S, Europe, India, Brazil, Australia, Mexico, Middle East, Africa, Malaysia, New Zealand, Kingdom of Saudi Arabia, Thailand, Berlin, Hulu, Amdocs, Genomics England, GoDaddy, GenAI

☆ Special counsel Jack Smith asks the Supreme Court to reject Trump's immunity claim weeks before arguments begin
▼ + stars: | 2024-04-09 | by ( Erin Snodgrass | Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +3 min

Special Counsel Jack Smith implored the Supreme Court to reject Trump's immunity claims. The Supreme Court is set to hear arguments on the matter later this month. Related stories"A bedrock principle of our constitutional order is that no person is above the law — including the President," Smith wrote in this week's filing. AdvertisementThe Supreme Court is set to rule on Trump's immunity claim on April 25, the last day of oral arguments for the top court's current term. If the court rules against Trump's immunity claim, an eventual trial would likely coincide with the height of election season.

Persons: Jack Smith, —, Donald Trump's, Trump, Smith, SCOTUS, Joe Biden's Organizations: Trump, Service, Justice Department, Business

☆ Germany defends support for Israel in international court against accusations of ‘facilitating genocide’ in Gaza
▼ + stars: | 2024-04-09 | by ( Nadine Schmidt | Niamh Kennedy | ) edition.cnn.com time to read: +4 min

Berlin CNN —Germany has hit back at allegations by Nicaragua that it has been “facilitating genocide” in Gaza, telling an international court on Tuesday that history undergirds German support for Israel. But Germany argued Tuesday that because the “bedrock” of Nicaragua’s case was aimed at Israel and its “alleged violations of international law by Israel,” the ICJ did not have jurisdiction. British lawyer Samuel Wordsworth, who advocated on behalf of Berlin, said the case against Germany is “entirely dependent” upon a “prior finding of breach” of international law by Israel in Gaza. The ICJ is hearing a separate case brought against Israel by South Africa, but has not ruled on whether Israel has breached international law in Gaza. The international court will now consider whether to order the emergency measures requested by Nicaragua.

Persons: Germany’s, Tania von Uslar, Gleichen, Berlin “, “, ’, Von Uslar, ”, ” von Uslar, Netherlands Carlos Jose Arguello Gomez, Alain, Samuel Wordsworth, Israel, Israel –, Christian Tams Organizations: Berlin CNN —, Israel, International Court of Justice, UN, German, Office, ICJ, Nicaraguan, UNRWA Locations: Berlin CNN — Germany, Nicaragua, Gaza, The Hague, Germany, Israel, Nazi, Netherlands, French, Berlin, South Africa

☆ ‘La Gabarra’: Athletic Bilbao’s one-of-a-kind trophy celebration befits one of the world’s most unique football clubs
▼ + stars: | 2024-04-09 | by ( Matias Grez | ) edition.cnn.com time to read: +6 min

CNN —Spanish soccer club Athletic Bilbao finally put an end to decades of heartbreak at the weekend and now the team and its fans are about to enjoy a unique celebration on water. Though it is now a longstanding tradition, it is one which has only occurred twice before in the club’s history. But Athletic is undoubtedly one of the most unique football clubs in the world. “Athletic touches the sky,” wrote Spanish sports newspaper Diario AS after the victory. A taboo word no longer, La Gabarra will on Thursday once again sail down the Nervión as the city celebrates its new generation of local heroes.

Persons: ‘, –, Cecilio Gerrikabeitia, Iker Muniain, Marcelo del Pozo, Gerrikabeitia, “, Williams, Nico, Iñaki Williams, Nico Wiliams, Fran Santiago, Iñaki, ”, Athletic ’, Alfonso Herrán Organizations: CNN, Spanish, Athletic Bilbao, Lions, Bilbao, Copa del Rey, Mallorca, Athletic, La Liga, City, Guggenheim Museum, del, ‘ Athletic, Athletic Club, University of, Liga, Barcelona, Basque Country, Pamplona, Copa, Diario AS, “, AS Locations: Basque, Bilbao, New York, New Jersey, Spain, France, Spanish, Pamplona, Seville

CNN —Special counsel Jack Smith urged the Supreme Court on Monday to reject Donald Trump’s claims of sweeping immunity and to deny the former president any opportunity to delay a trial on charges that he attempted to subvert the results of the 2020 election. Trump’s position, Smith told the court, has no grounding in the Constitution, the nation’s history or Americans’ understanding that presidents are not above the law. Even if the Supreme Court finds that former presidents are entitled to some form of immunity, Smith asserted, at least some of Trump’s actions were private conduct – far removed from “official acts” – and could be prosecuted. The Supreme Court will hear arguments April 25, and a decision is expected by July. Instead, he said that if the Supreme Court finds that former presidents are entitled to some immunity, a trial could get underway focused on Trump’s private actions.

Persons: Jack Smith, Donald Trump’s, Smith, ” –, ” Smith, Trump’s, doesn’t, ” Trump, “, ”, Trump, – Organizations: CNN, Court, Trump, Supreme, DC Locations: “, ”

☆ Trump is just days from his first criminal trial after latest legal gambit fails
▼ + stars: | 2024-04-08 | by ( Stephen Collinson | ) edition.cnn.com time to read: +8 min

And if there’s one of the four criminal trials that Trump would prefer to take place first, it’s this one. But there is a clear trend of him using frivolous legal challenges to slow the road to trials. With only four weekdays until the New York trial begins, the chances that it will be further delayed are fading fast. If he’s reelected, Trump would regain presidential powers that would allow him to stall or even end the federal case against him completely. “There is no democracy without robust and uninhibited freedom of expression,” Trump attorney Steve Sadow said in a statement.

Persons: Donald Trump, –, Trump, he’d, “, Judge Juan Merchan, ”, they’ve, Stormy Daniels, can’t, Joe Biden, Biden, couldn’t, “ Trump, He’s, Jack Smith, Smith, ” Smith, he’s, Smith’s, Aileen Cannon, ” Trump, Steve Sadow, Scott McAfee, Lizbeth González Organizations: CNN, Republican, Trump, Prosecutors, GOP Locations: Manhattan, New York, York, Trump, Chicago, Washington, Florida, Georgia, Fulton County, Washington , DC

☆ Taipei 101: How Taiwan’s tallest skyscraper withstands earthquakes
▼ + stars: | 2024-04-04 | by ( Oscar Holland | ) edition.cnn.com time to read: +5 min

But in a triumph of modern engineering, the soaring Taipei 101, once the world’s tallest skyscraper, emerged from the island’s latest seismic event undamaged. A 660-ton spherical device called a tuned mass damper swings like a giant pendulum in the skyscraper's upper floors. “It’s essentially a very large counterweight,” explained Stefan Al, author of “Supertall: How the World’s Tallest Buildings Are Reshaping Our Cities and Our Lives,” in a phone interview. “In the case of Taipei 101, it’s 660 tons. Lee & Partners, Taipei 101 was the world’s tallest building from 2004 until 2007, when it was surpassed by the Burj Khalifa in Dubai.

Persons: Richard Chung TW, “ It’s, ”, Stefan Al, “, it’s, ” Al, Al, Lee Organizations: CNN, National Fire Agency, Lee & Partners Locations: Taiwan, Hualien County, Taipei, New York, Burj Khalifa, Dubai, ”, Indonesia, Chile

☆ Read Ken Griffin's letter to Citadel investors. He gives his 2024 outlook and talks about building a 'formidable team.'
▼ + stars: | 2024-04-01 | by ( Hayley Cuccinello | Bradley Saacks | ) www.businessinsider.com time to read: +9 min

Griffin noted that 2023 was a difficult year for the hedge fund industry and expected the medium-term to "remain challenging." Citadel and Griffin's market maker, Citadel Securities, received over 100,000 applications for full-time jobs and internships this year, Griffin said. "We take pride in having built one of the most formidable teams in hedge fund history," he said. The remarkable achievements of our portfolio managers are a testament to the constructive and empowering culture at Citadel. Assembling the Premier Team in Hedge Fund HistoryWe take pride in having built one of the most formidable teams in hedge fund history.

Persons: Griffin, Kenneth C Organizations: Business, Disney World, Citadel, Citadel Securities, Citadel Wellington LLC, Team, Congressional, U.S, LCH Investments Locations: United States

☆ Detroit is getting ready to host the NFL draft a decade after going bankrupt
▼ + stars: | 2024-03-31 | by ( George Glover | ) www.businessinsider.com time to read: +7 min

Detroit is set to host the NFL draft next month, a decade after it went bankrupt. Mayor Mike Duggan told BI that he hopes the event will reintroduce the city to the rest of the US. AdvertisementThe new DetroitApril's NFL draft — one of the biggest weekends on the sporting calendar — is set to bring eyeballs back to Detroit. AdvertisementDowntown Detroit will host the 2024 NFL draft. "No matter where you went in southeastern Michigan, everyone was smiling and talking to each other about the Lions," Duggan added.

Persons: Mike Duggan, —, Duggan, Axios, Joshua Lott, Bill Pugliano, it'll, we've, Kirby Lee, Dan Gilbert, who's, Jared Goff, Dan Campbell, Gilbert, Kyusung Gong, it's Organizations: Detroit, NFL, Lions, Service, Ford, GM, Detroit Free Press, Reuters, Economic, KC, Sports, Vegas and Kansas City, Getty, Cleveland Cavaliers NBA, Tampa Bay Buccaneers, Los Angeles Rams, San Francisco 49ers, The Lions, NCAA College Locations: Detroit, Midwest, Korean, Michigan, America, Motor City, Reuters Detroit, Detroit ., Kansas City, Vegas and Kansas

☆ This US state is not covered by the NATO treaty. Some experts say that needs to change
▼ + stars: | 2024-03-29 | by ( Brad Lendon | ) edition.cnn.com time to read: +9 min

Because in a quirk of geography and history, Hawaii is not technically covered by the NATO pact. Mengshin Lin/AP“People tend to assume Hawaii is part of the US and therefore it’s covered by NATO,” he says. The exception is spelled out in the Washington Treaty, the document that established NATO in 1949, a decade before Hawaii became a state. It also says any island territories must be in the North Atlantic, north of the Tropic of Cancer. Hawaii, Guam, Taiwan and North KoreaSome experts say times have changed in the decades since the Washington Treaty was signed – and argue today’s political situation in the Indo-Pacific might require a rethink.

Persons: “, ”, David Santoro, Mengshin Lin, ” Santoro, –, China’s, Xi Jinping, —, Joe Biden, John Hemmings, ” Hemmings, Hemmings, Forum’s Santoro, Amy Picard, Luis Simon, Simon, ” Simon Organizations: CNN, NATO, Hawaii, Pacific Command, Atlantic Treaty Organization, Aloha, Pacific Forum, Sailors, USS Arizona Memorial, USS, 82nd, Treaty Organization, Washington Treaty, Tropic, Cancer, US State Department, United, Argentine, South Atlantic, Communist Party, Taiwan Relations, White, Center, New, New American Security, Foreign, USS Arizona . US Navy, Interim, Andersen Air Force Base, Korean, . Air Force, 23rd Expeditionary Bomb Squadron, Force, . Air Force ‘ Coalition, Research Centre, Security, Brussels School, Governance, NATO Command, Union Locations: Sweden, United States, Hawaii, Pearl, Honolulu, USS Arizona, Pearl Harbor, Honolulu , Hawaii, California , Colorado, Alaska, North America, Washington, Europe, Argentina, Falkland, British, South, Guam, Taiwan, North Korea, New American, China, Beijing, Oahu, USS West Virginia, USS Tennessee, France, Nazi Germany, Japan, Italy, Korean, Soviet Union, Belgium, Ukraine

☆ American Families Look Different Now. Good.
▼ + stars: | 2024-03-28 | by ( Kelli María Korducki | ) www.businessinsider.com time to read: +15 min

In 1970, more than two-thirds of American adults between 25 and 49 lived with a spouse and at least one kid. For a society structured around the ideal of the nuclear family, its demise has left everyone wondering: What happens now? Without one partner focused on full-time housekeeping, the amount of work required to run a nuclear family isn't really feasible. It doesn't take much of a mental leap to see why capitalism and the nuclear family make for such cozy bedfellows. Coontz, a leading historian of the American family, notes that every family structure comes with its own set of distinct weaknesses, strengths, and possibilities.

Persons: Elon Musk, Vivek Ramaswamy, O'Brien, David Brooks, Moira Weigel, Brooks, Charles E, " O'Brien, Stephanie Coontz, Kristen Ghodsee, Ghodsee, coparenting, Mark Boster, Coontz, — Organizations: Pew Research, Elon, Labor, Getty, University of Pennsylvania, Brookings Institution, Pew, Los Angeles Times, Guardian Locations: The, California, Somerville , Massachusetts

☆ Nvidia is about to face its first major threat as rivals target its special sauce
▼ + stars: | 2024-03-27 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +1 min

Nvidia has felt invincible in the generative AI era. Google, Intel and Qualcomm are teaming up to create a rival to Nvidia's secret sauce, Reuters reported. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . This story is available exclusively to Business Insider subscribers.

Persons: —, Jensen Huang, It's, Blackwell, Mark Zuckerberg, Sam Altman fiending Organizations: Nvidia, Google, Intel, Qualcomm, Reuters, Service, Business Locations: San Jose

☆ Mathilde Collin built a $1.7 billion email startup by the time she was 32. She's now stepping back at an inflection point for Front.
▼ + stars: | 2024-03-25 | by ( Melia Russell | ) www.businessinsider.com time to read: +7 min

And so last fall, Collin kicked off a search for a new board director, to fill in her knowledge gaps. Now, Collin says she will step down as chief executive of Front after her hunt for a board director took an unexpected turn. She will move into an executive chair role on April 15, when O'Connell takes up the mantle as chief executive, Front tells Business Insider exclusively. Known for her sharp wit and radical candor, Collin started the business out of college in her native France. Advertisement"We're at a scale now where the CEO can't come in and sort of wave the proverbial magic wand and make things happen," said Mohammed Attar, Front's chief product officer.

Persons: Mathilde Collin, Collin, Dan O'Connell, O'Connell, Garry Tan, Paul Buchheit, Jack Altman, Kyle Vogt, Cruise, Jeff Lawson, Mohammed Attar, —, Josh Stein, Stein Organizations: Service, Business, Dialpad, Front Locations: San Francisco neighborhood, France, Dialpad

☆ Powerful Realtor Group Agrees to Slash Commissions to Settle Lawsuits
▼ + stars: | 2024-03-15 | by ( Debra Kamin | ) www.nytimes.com time to read: +1 min

American homeowners could see a significant drop in the cost of selling their homes after a real estate trade group agreed to a landmark deal that will eliminate a bedrock of the industry, the 6 percent sales commission. The National Association of Realtors, a powerful organization that has set the guidelines for home sales for decades, has agreed to settle a series of lawsuits by paying $418 million in damages and by eliminating its rules on commissions. Legal counsel for N.A.R. approved the agreement early Friday morning, and The New York Times obtained a copy of the signed document. “This will blow up the market and would force a new business model,” said Norm Miller, a professor emeritus of real estate at the University of San Diego.

Persons: ”, Norm Miller Organizations: National Association of Realtors, The New York Times, N.A.R, University of San Locations: U.S, University of San Diego

☆ Opinion | Universities Need to Stick to Their Mission
▼ + stars: | 2024-03-14 | by ( Pamela Paul | ) www.nytimes.com time to read: +1 min

For over a century, an understanding existed between American universities and the rest of the country. Universities educated the nation’s future citizens in whatever ways they saw fit. Their faculty determined what kind of research to carry out and how, with the understanding that innovation drives economic progress. “Politically, what society expects of us is to train citizens and provide economic mobility, and that has been the bedrock of political and economic support for universities. But if universities are not fulfilling these missions, and are seen as prioritizing other missions instead, that political bargain becomes very fragile.”

Persons: ”, Anna Grzymala, Busse, “ Organizations: Universities, Stanford

☆ Former Boeing whistleblower found dead from apparent ‘self-inflicted’ gunshot wound
▼ + stars: | 2024-03-12 | by ( Rebekah Riess | Melissa Alonso | ) edition.cnn.com time to read: +4 min

He was in very good spirits and really looking forward to putting this phase of his life behind him and moving on. He cared dearly about his family, his friends, the Boeing company, his Boeing co-workers, and the pilots and people who flew on Boeing aircraft. When they arrived, responding officers found Barnett in the driver’s seat of a truck in the parking lot, with a gunshot wound to the head. The police report also said there was a piece of paper found next to him that looked like a note. The BBC reported that Barnett was in Charleston for legal interviews and was scheduled for additional questioning on Saturday.

Persons: CNN —, John Barnett, Mr, Barnett, ”, “ John, John, Robert Turkewitz, Brian Knowles, Rob, Barnett’s, ” Barnett, I’d, Brad Zaback, ” Zaback Organizations: CNN, Boeing, Coroner’s, NPR, BBC, New York Times, Times Locations: Charleston , South Carolina, Charleston

☆ '3 Body Problem' is not 'Game of Thrones' with aliens — but it's just getting started
▼ + stars: | 2024-03-09 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +7 min

Similarly, it's hard to tell how "3 Body Problem" will pan out even from its first season, which by the end still feels like it's only barely gotten started. Netflix"3 Body Problem" is based on Chinese author Liu Cixin's "Remembrance of Earth's Past" trilogy. The modern-day storyline is less compelling — at least so farJin Cheng (Jess Hong) and Jack Rooney (John Bradley) in "3 Body Problem." "3 Body Problem" has a "Contact"-like bent, in that it attempts to use science and extraterrestrial life to interrogate the idea of God itself. But "3 Body Problem" is worth your time, if at least to see what some of television's greatest hitmakers have taken on next.

Persons: David Benioff, Weiss, Liu Cixin's, Alexander Woo, —, Benioff, Carl Sagan fan's, Ye Wenjie, Ye Zhetai, he's, she's, Wenjie, Rosalind Chao, Tseng, Derek Tsang, Jin Cheng, Jess Hong, Jack Rooney, John Bradley, Ed Miller, alums, Da Shi, Benedict Wong, Thomas Wade, Liam Cunningham, Ye, Woo, It's, Ye Wenjie's Organizations: Netflix, Service, HBO, Amazon's, Tsinghua University Locations: China, Mongolia, London, Oxford

☆ I'm a parent and ex-teacher. Teaching taught me how to do gentle parenting effectively — and why most people do it wrong.
▼ + stars: | 2024-03-08 | by ( Amber Adrian | ) www.businessinsider.com time to read: +7 min

I've seen this misunderstood version of "gentle parenting" in action many times. Nuanced parenting is parenting between extremesThis conception of gentle parenting isn't working — for parents or for anyone else. Here are a few things I learned from teaching that I've applied as a parent who believes in gentle parenting. Establishing a warm, genuine relationship is the foundation of good teaching, and therefore, of good parenting. The point is, it doesn't have to be either "gentle parenting or discipline," because proper gentle parenting includes discipline and holding children to a certain standard of behavior in a kind, respectful manner.

Persons: —, I've, you've, you'll Organizations: Service

☆ Opinion | Trump’s Conquest of the Republican Party Matters to Every American
▼ + stars: | 2024-03-06 | by ( The Editorial Board | ) www.nytimes.com time to read: +2 min

With Donald Trump’s victories on Tuesday, he has moved to the cusp of securing the 1,215 delegates necessary to win the Republican Party’s presidential nomination. The party has become a vessel for the fulfillment of Mr. Trump’s ambitions, and he will almost certainly be its standard-bearer for a third time. This is a tragedy for the Republican Party and for the country it purports to serve. In a healthy democracy, political parties are organizations devoted to electing politicians who share a set of values and policy goals. Perhaps his most important advantage, however, is that there are few remaining leaders in the Republican Party who seem willing to stand up for an alternative vision of the party’s future.

Persons: Donald Trump’s, Trump’s, Trump Organizations: Republican, Republican Party, Republicans, Democrats, White Locations: United States

☆ More Chinese Women Choosing Singledom as Economy Stutters
▼ + stars: | 2024-03-06 | by ( March | At P.M. | ) www.usnews.com time to read: +6 min

Chinese Premier Li Qiang also vowed to "work towards a birth-friendly society" and boost childcare services in this year's government work report. In Shanghai, this figure reached 30.6 for men and 29.2 for women last year, according to city statistics. Long-term single lifestyles are gradually becoming more widespread in China, giving rise to online communities of mostly single women who seek solidarity from like-minded people. Decades of the one-child policy have led to 32.3 million more men than women in 2022, according to official data. "Well-educated women in search of supportive life partners find fewer suitable men who also endorse women's rights."

Persons: Laurie Chen XIAN, Chai Wanrou, didn't, Xi Jinping, Li Qiang, stigmatised, influencers, China's Instagram, Liao Yueyi, I've, Xiaoling Shu, Davis, Shu, Laurie Chen, Farah Master, Miral Fahmy Organizations: Reuters, Communist Party, Communist Youth League, University of California Locations: China, Xian, Shanghai, United States, Xiaohongshu, Nanning, Hong Kong

☆ China's Country Garden gets liquidation petition from creditor
▼ + stars: | 2024-02-28 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +2 min

China's Country Garden Holdings said Wednesday it received a liquidation petition filed by one of its creditors, deepening worries about the country's beleaguered property sector. Country Garden said it will oppose the petition "vigorously" and seek legal measures to do so. Country Garden said it intends to "proactively communicate" and work with its offshore creditors on its restructuring plan. China's property sector has historically been the bedrock of the country's economy, accounting for a large share of gross domestic product. Companies like Country Garden and Evergrande have struggled to repay their debt obligations and are now embroiled in drawn-out debt restructuring processes.

Persons: China Evergrande Organizations: Garden Holdings, Hong Kong, Monetary Fund, Companies Locations: Hong Kong, China

☆ A little-noticed inflation report in the past could get a lot of market attention on Thursday
▼ + stars: | 2024-02-28 | by ( Jeff Cox | ) www.cnbc.com time to read: +7 min

With markets on edge over the direction of inflation, a report Thursday that often flies under the economic radar is likely to take on more importance. The Commerce Department's measure of personal consumption expenditures prices could add to evidence that inflation is stickier than some economists and policymakers had thought. Two-year inflation breakevens, or the difference between Treasury yields and Treasury Inflation-Protected Securities, have surged in recent days. "But I think the labor market is a lot more fragile than people think. A report Wednesday confirmed that economic growth was solid to close out 2023, with fourth-quarter GDP accelerating at a 3.2% annualized pace adjusted for seasonal factors and inflation.

Persons: Mark Zandi, Zandi, shouldn't, we're, it's, —, Susan Collins, Collins, Dow Jones, Dow, Michelle Cluver, Cluver, I've Organizations: Moody's, Boston, Securities, Treasury, Fed, Labor, CPI, Dow Jones, optimist Locations: U.S

☆ Ex-F.B.I. Informant to Appear in Federal Court in Las Vegas
▼ + stars: | 2024-02-23 | by ( Glenn Thrush | ) www.nytimes.com time to read: 1 min

Alexander Smirnov, 43, the former F.B.I. informant accused of peddling lies about President Biden and his son Hunter, is scheduled to appear in federal court on Friday after being arrested for the second time in a week. Mr. Smirnov was sitting in his lawyer’s office in Las Vegas Thursday morning when U.S. Marshals burst in to take him into custody. The bizarre episode is the latest development in a case that has spawned public interest and confusion in equal measure, centering on an enigmatic fixer whose accusations formed the fractured bedrock of a push by Republicans to impeach Mr. Biden.

Persons: Alexander Smirnov, Biden, Hunter, Smirnov, Mr Organizations: U.S Locations: Las Vegas

☆ How a century-old investment firm with $288 billion in assets identifies the companies set to dominate much of the stock market's outperformance, according to one of its fund managers
▼ + stars: | 2024-02-22 | by ( Laila Maidan | ) www.businessinsider.com time to read: +8 min

It's also a short-sighted approach as far as Baillie Gifford, an investment management firm with $288 billion under management, is concerned. Advertisement"Our investment approach is bottom up," said Gemma Barkhuizen, an investment manager at the firm and one of the decision-makers on the Baillie Gifford Long Term Global Growth Fund. Another example is Nvidia, which is the largest holding within the long-term fund at 1.22%. A bottom-up, stock-picking strategyThe research framework that is the bedrock of the filtering process for the long-term fund looks at 10 key variables. What societal considerations are most likely to prove material to the long-term growth of the company?

Persons: —, It's, Baillie Gifford, Baillie Gifford's, Gemma Barkhuizen, Barkhuizen, Baillie, Roblox, that's, it's, aren't, isn't Organizations: Service, Business, PDD Holdings, Nvidia, Companies Locations: China

☆ Amazon's internal documents warn employees not to use generative AI models for work
▼ + stars: | 2024-02-22 | by ( Ashley Stewart | Eugene Kim | ) www.businessinsider.com time to read: +3 min

Amazon is warning employees not to use third-party generative AI tools for work, according to multiple internal guidances viewed by Business Insider. Amazon's internal third-party generative AI use and interaction policy, viewed by BI, warns that the companies offering generative AI services may take a license to or ownership over anything employees input into tools like OpenAI's ChatGPT. Amazon's internal generative AI policy states employees can use third-party models for work if they obtain director and legal approval and comply with any applicable security reviews. Amazon's spokesperson Adam Montgomery said the company has been developing generative AI and large machine learning models for a long time and employees use its AI models every day. "We have safeguards in place for employee use of these technologies, including guidance on accessing third-party generative AI services and protecting confidential information," Montgomery said.

Persons: Amazon's, Adam Montgomery, Montgomery, Ashley Stewart, Eugene Kim Organizations: Business, BI, Microsoft Locations: OpenAI

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