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AI (Artificial Intelligence) letters are placed on computer motherboard in this illustration taken June 23, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsOct 19 - Artificial Intelligence startup Imbue said on Thursday it has secured an additional $12 million in follow-on funding to its Series B round, bringing its total raised to over $210 million in cash. In September, Imbue announced its Series B round of $200 million at a valuation of over $1 billion. Imbue is focused on creating a model for enabling so-called autonomous agents, AI systems which promise to perform more sophisticated personal and work tasks such as meeting scheduling or complex data analysis, without close supervision. The key to AI systems that can perform large-scale, real-world tasks is creating AI that has better reasoning capabilities, Imbue CEO Kanjun Qiu said in an interview.

Persons: Dado Ruvic, Eric Schmidt, Imbue, Kanjun Qiu, Qiu, Anna Tong, Richard Chang Organizations: REUTERS, Intelligence, Alexa Fund, Google, Microsoft, Thomson Locations: San Francisco

☆ Billionaires are driving South Florida home prices to new records
▼ + stars: | 2023-10-19 | by ( Robert Frank | ) www.cnbc.com time to read: +4 min

From Palm Beach to Miami Beach, luxury home prices in Florida's richest enclaves are reaching new records as billionaires and millionaires continue to buy up property. The average price per square foot of homes sold in Palm Beach reached $4,554, more than 2.5 times more expensive than Manhattan. "The prices are mind-blowing," said Chris Leavitt, a top Palm Beach broker with Douglas Elliman. Miami Beach has also seen a spike in prices from wealthy buyers — especially billionaires. "Both Palm Beach and Miami Beach are disconnected from the interest rate trend."

Persons: Douglas Elliman, Miller Samuel, Chris Leavitt, Jonathan Miller, Leavitt, James Tigani, Harvey Jones, Tommy Hilfiger, Michael Cantanucci, Corcoran, Eric Schmidt, Ken Griffin, Alex Rodriguez, Griffin, Jeff Bezos, Tom Brady Organizations: Palm, Tech, Brokers, National Football League, CNBC Locations: Palm Beach, Miami Beach, Manhattan, New York , New Jersey, California, Florida, Miami

☆ Apple's Eddy Cue defends default search contract with Google as best option for consumers
▼ + stars: | 2023-09-26 | by ( Lauren Feiner | ) www.cnbc.com time to read: +8 min

Cue, Apple's lead negotiator of its multibillion-dollar contract with Google , appeared in federal court in Washington, D.C., to discuss the long-standing agreement between the two companies. "When we're picking search engines, we pick the best one and we let the customer easily change them," Cue said. But in other places around the world, the company still sees Google as offering the best experience, Cue said. In his testimony, Cue also reiterated criticism that Apple has when it comes to Google's privacy practices. Cue said it's easy for consumers to change their default search engines today.

Persons: Eddy Cue, Chip Somodevilla, Apple's, that's, Bernstein, Sundar Pichai, Tim Cook, Joe Biden, Anna Moneymaker, Meagan Bellshaw, Bellshaw, Cook, Cue, Pichai, hadn't, Apple, we've, Eric Schmidt, Steve Jobs Organizations: Apple, Courthouse, Washington , D.C, Getty, Google, White, Justice Department, Cue, DOJ, Federal Trade Commission, Yahoo, CNBC, YouTube Locations: U.S, Washington ,, Europe, China, Russia

☆ A $120 million megayacht linked to a Russian billionaire was seized by authorities, and now residents of a small Caribbean nation are paying $28,000-a-week to maintain it, report says
▼ + stars: | 2023-09-25 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

A $120 million megayacht linked to a Russian billionaire has been docked in Antigua and Barbuda for 19 months. Now taxpayers in the small country are paying $28,000-a-week to maintain the idle vessel, per the WSJ. The Alfa Nero is a $120 million vessel that was raided by armed police and the FBI in August 2022, having been left in Antigua's Falmouth Harbor since Russia invaded Ukraine six months earlier. The US Treasury Department has linked the Alfa Nero to Andrey Guryev , a Russian oligarch who the department says is a "close associate" of Vladimir Putin. The Journal reports that the country's residents are paying $28,000-a-week in taxes to maintain the Alfa Nero, including the salary of an Italian captain and $2,000-a-day in diesel to keep its air conditioning running.

Persons: Nero, Alfa Nero, Andrey Guryev, Vladimir Putin, Eric Schmidt, Guryev's, it's, Joan Miró, Tom Paterson Organizations: Service, Street Journal, FBI, US Treasury Department, Bloomberg, Alfa, Guardian, Google Locations: Russian, Antigua, Barbuda, Caribbean, Wall, Silicon, Antigua's Falmouth Harbor, Russia, Ukraine, Falmouth Harbor, Italian

The meeting was scheduled for hours after Zelenskiy addressed the United Nations Security Council about Russia's invasion and its consequences. Ukraine has tried to lock in financial support from business leaders to help rebuild the country. A spokesperson for Zelenskiy and Ukraine's mission to the United Nations in New York did not immediately respond to a request for comment. Since the start of the war, Ackman's foundation has donated roughly $24 million to support Ukraine, a person familiar with the numbers said. Before the meeting in New York, the White House appealed to Congress to approve billions of additional dollars of support for Ukraine.

Persons: Ken Griffin, Mike Blake, Volodymyr Zelenskiy, Zelenskiy, JPMorgan Chase, Bill Ackman, Jonathan Gray, Robert Kraft, Henry Kissinger, Eric Schmidt, Mike Bloomberg, Barry Sternlicht, Mary Callahan Erdoes, Vince LaPadula, Whitney Tilson, Griffin, Howard Buffett, Warren, Svea Herbst, Bayliss, Lananh Nguyen, Andrea Shalal, Michelle Nichols, Megan Davies, Grant McCool Organizations: Citadel, Milken, Global Conference, REUTERS, United Nations Security Council, JPMorgan, Blackstone Group, New England Patriots football team, United, State, Google, United Nations, Griffin's Citadel, Ackman's Pershing, Capital Management, Ukraine, Fox News, Svea, Thomson Locations: Beverly Hills , California, U.S, New York, Ukraine, United States

☆ Billionaire investors Ken Griffin and Bill Ackman meet with Volodymyr Zelenskyy as Ukraine looks to rebuild its economy with private-sector funds
▼ + stars: | 2023-09-21 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +2 min

Ukraine's president met with billionaire investors Ken Griffin and Bill Ackman to discuss the future of the country's economy. The meeting, hosted by JPMorgan, focused on the scope for private-sector funding to help rebuild Ukraine's economy. Zelenskyy introduced the proposal at the Permanent Mission of Ukraine to the United Nations in New York, in a meeting organised by JPMorgan. Zelenskyy had met with BlackRock CEO Larry Fink Wednesday, the outlet reported. AdvertisementAdvertisementUkraine's economy has been battered by a slew of problems - including high inflation and a persistent trade deficit - following Russia's invasion of the nation.

Persons: Ken Griffin, Bill Ackman, Eric Schmidt, Volodymyr Zelenskyy, Zelenskyy, Citadel's Griffin, Pershing Square's, Philipp Hildebrand, Larry Fink Organizations: JPMorgan, Service, Fox News, United Nations, Fox, BlackRock Locations: Wall, Silicon, Ukraine, New York, Russia

☆ Zelensky huddled with Wall Street CEOs and business leaders Wednesday night to discuss rebuilding Ukraine
▼ + stars: | 2023-09-20 | by ( Matt Egan | ) edition.cnn.com time to read: +2 min

CNN —Ukrainian President Volodymyr Zelensky met Wednesday evening in Manhattan with Wall Street CEOs and business power players to discuss efforts to rebuild his war-torn country and its economy, a person familiar with the matter tells CNN. Ukrainian President Volodymyr Zelensky met Wednesday evening with Wall Street CEOs and business power players to discuss efforts to rebuild his war-torn country and its economy, a person familiar with the matter told CNN. Zelensky is scheduled to visit the White House on Thursday for a meeting with US President Joe Biden. The meeting on Thursday evening was hosted by Mary Callahan Erdoes, CEO of JPMorgan Asset & Wealth Management, Workplace CEO Vince LaPadula and JPMorgan alternative investments boss Anton Pil. JPMorgan CEO Jamie Dimon was not present at the meeting as he was traveling, the source said.

Persons: Volodymyr Zelensky, JPMorgan Chase, Eric Schmidt, Mike Bloomberg, Robert Kraft, Bill Ackman, Henry Kissinger, Barry Sternlicht, Joe Biden, it’s, Mary Callahan Erdoes, Vince LaPadula, Anton Pil, Jamie Dimon Organizations: CNN, Wall Street, JPMorgan, New England Patriots, White, Fox Business, JPMorgan Asset, Wealth Management Locations: Manhattan, midtown Manhattan, Ukraine, Kyiv

☆ Xi's economic policies are leaving many China watchers perplexed and confused
▼ + stars: | 2023-09-20 | by ( Michelle Caruso-Cabrera | ) www.cnbc.com time to read: +8 min

Why is a nation with ambitions to become the dominant economic power in the world doing so many things to blunt that potential? Xi vs. the CCPMost, though not all, China watchers point to Xi himself as the instigator of those recent changes. "China's private sector, previously the growth engine of the Chinese economy, is paying the consequences," he told CNBC. In addition, he said "in recent months, China's National Development and Reform Commission has set up a bureau especially for private sector development." They cite external factors for weakness in the Chinese economy, including U.S. tariffs, trade restrictions, sanctions, and the sluggish post-pandemic global economy.

Persons: Xi Jinping, Lintao Zhang, Orville Schell, Schell, Jinping, Yasheng Huang, Xi, Ryan Hass, Kevin Rudd, Rudd, Anne Stevenson, Yang, Stevenson, Jack Ma, Mikhail Gorbachev, Liu Pengu, Yang Fan, Zhang Xinyu, Liza Tobin, Eric Schmidt Organizations: Political, CPC Central Committee, of People, Getty, Center, U.S, China Relations, The Asia Society, CNBC, Chinese Communist Party, Communist, MIT Sloan School, CCP, China Center, Brookings, Foreign Policy, Oxford University, J Capital Research, Communist Party, Party, U.S ., Soviet Union, National, Reform, Marxist Locations: Beijing, China, New York, U.S, Australia, United States, U.S . Congress, USSR, Soviet Union

☆ Elon Musk, Mark Zuckerberg, Bill Gates and other tech names head to Washington for a closed-door meeting on policing AI
▼ + stars: | 2023-09-13 | by ( Associated Press | ) www.businessinsider.com time to read: +4 min

Some of the world's biggest tech leaders gathered in Washington, DC for a closed-door forum on AI. Elon Musk, Mark Zuckerberg, Bill Gates, and other tech leaders all were scheduled to attend. The closed-door forum on Capitol Hill included almost two dozen tech executives, tech advocates, civil rights groups and labor leaders. Tech leaders outlined their views, with each participant getting three minutes to speak on a topic of their choosing. AdvertisementAdvertisementStill, some senators were critical of the private meeting, arguing that tech executives should testify in public.

Persons: Elon Musk, Mark Zuckerberg, Bill Gates, Musk, Chuck Schumer, Meta's Mark Zuckerberg, Tesla, OpenAI's Sam Altman, Schumer, Sen, Mike Rounds, Eric Schmidt, Zuckerberg, Arvind Krishna, Josh Hawley, Hawley, Richard Blumenthal, Conn Organizations: Service, Capitol, Microsoft, Tech, IBM Locations: Washington ,, Wall, Silicon

☆ Elon Musk, Mark Zuckerberg, Bill Gates and other tech leaders in closed Senate session about AI
▼ + stars: | 2023-09-13 | by ( Lauren Feiner | ) www.cnbc.com time to read: +8 min

Senate Majority Leader Chuck Schumer, D-N.Y., hosted the panel of tech executives, labor and civil rights leaders as part of the Senate's inaugural "AI Insight Forum." Google CEO Sundar Pichai, arrives for a US Senate bipartisan Artificial Intelligence (AI) Insight Forum at the US Capitol in Washington, DC, on September 13, 2023. Working toward legislationSchumer said in his prepared remarks that the event marked the beginning of "an enormous and complex and vital undertaking: building a foundation for bipartisan AI policy that Congress can pass." Successful legislation will need to be bipartisan, Schumer added, saying he'd spoken with House Speaker Kevin McCarthy, R-Calif., who was "encouraging." Sen. Maria Cantwell, D-Wash., who leads the Commerce Committee, predicted lawmakers could get AI legislation "done in the next year."

Persons: Elon Musk, Alex Karp, Chuck Schumer, Leah Millis, CNBC's Eamon Javers, Sens, Mike Rounds, Martin Heinrich, Todd Young, Schumer, Sam Altman, Eric Schmidt, Mark Zuckerberg, Sundar Pichai, Jensen Huang, Satya Nadella, Arvind Krishna, Bill Gates, Charles Rivkin, Liz Shuler, Meredith Steihm, Randi Weingarten, Maya Wiley, CIO's Shuler, Musk, Shuler, Sen, Pichai, Mandel Ngan, Meta's Zuckerberg, Meta, Julia Nikhinson, Reuters Schumer, Kevin McCarthy, he'd, Young, Maria Cantwell, Altman, We're, Elon Organizations: Intelligence, Senate, U.S, Capitol, Reuters Tech, Microsoft Nvidia, IBM, Microsoft, Former, Tesla, Meta, Nvidia, Federation of Teachers, Civil, Human Rights, AFL, Artificial Intelligence, AFP, Getty, EU, Reuters, Chinese Communist Party, Commerce, Science, CNBC, YouTube Locations: Washington , U.S, U.S, Washington ,, Washington, deepfakes

☆ Chuck Schumer hosts tech companies Google, Meta, Microsoft, and X over AI regulations including Chat GPT
▼ + stars: | 2023-09-13 | by ( Brian Fung | ) edition.cnn.com time to read: +8 min

Among those attending the in-person event will be the CEOs of Anthropic, Google, IBM, Meta, Microsoft, Nvidia, OpenAI, Palantir and X, the company formerly known as Twitter. But crucially, the event could also shed light on the political feasibility of a broad, sweeping AI law, setting expectations for what Congress may achieve. IBM CEO Arvind Krishna will also seek to “demystify” a widely held impression that AI development is done only by a handful of companies like OpenAI or Google, Padilla said. Some authors have sued OpenAI over those claims, while others have asked in an open letter to be paid by AI companies. New AI legislation could also serve as a potential backstop to voluntary commitments that some AI companies made to the Biden administration earlier this year to ensure their AI models undergo outside testing before they are released to the public.

Persons: Bill Gates, Eric Schmidt, Chuck Schumer, he’s, Mark Zuckerberg, Elon Musk, ”, Christopher Padilla, Padilla, Arvind Krishna, Sam Altman, Clement Delangue, OpenAI, Maya Wiley, they’ve, Wiley, “, ” Wiley, Schumer, South Dakota Republican Sen, Mike Rounds, New Mexico Democratic Sen, Martin Heinrich, Indiana Republican Sen, Todd Young —, “ It’s, Biden Organizations: Washington CNN, Anthropic, Google, IBM, Meta, Microsoft, Nvidia, Twitter, Senate, CNN, The New York Times, Disney, Conference, Civil, Human, South Dakota Republican, New, New Mexico Democratic, Indiana Republican, Capitol, European Union Locations: Washington, New Mexico

☆ In U.S.-China AI contest, the race is on to deploy killer robots
▼ + stars: | 2023-09-08 | by ( ) www.reuters.com time to read: +26 min

In this high-tech contest, seizing the upper hand across fields including AI and autonomous weapons, like Ghost Shark, could determine who comes out on top. This could become critical if the United States intervened against an assault by Beijing on Taiwan. Cheap and expendableThe AI military sector is dominated by software, an industry where change comes fast. Still, the available disclosures of spending on AI military research do show that outlays on AI and machine learning grew sharply in the decade from 2010. The Costa-Mesa, California-based company now employs more than 1,800 staff in the United States, the United Kingdom and Australia.

Persons: America’s, Shane Arnott, Anduril, ” Arnott, Arnott, ”, “, Mick Ryan, Eric Schmidt, hasn’t, Lloyd Austin, –, Stuart Russell, Russell, Kathleen Hicks, “ We’ll, Palmer Luckey, Luckey, ” Arnott didn’t, Biden, Tsai Ing, Frank Kendall, Datenna, Martijn Rasser, Feng Yanghe, Feng, Palmer, ” Anduril, Arnott wouldn’t, David Lague, Edgar Su, Catherine Tai, Peter Hirschberg Organizations: Australian Navy, Ghost Sharks, Sharks, Reuters, Defense, Australian, Chinese Communist Party, Beijing, People’s Liberation Army, PLA, Department of Defense, Pentagon, Australia’s Department of Defence, Australian Defence Force, Technologists, University of California, U.S ., U.S, Teledyne FLIR, Facebook, VR, Military, . Air Force, FH, U.S . Central Intelligence Agency, Department, Statistics, Harvard University, Biden Administration, Special, Command, Ministry of Defense, Veteran Locations: China, Australia, United States, Sydney, Britain, Japan, Singapore, South Korea, Europe, Asia, Ukraine, ”, America, U.S, Taiwan, East Asia, Beijing, Russian, Berkeley, Fort Campbell , Tennessee, Kenya, “, Russia, Colorado, Zhuhai, Netherlands, Costa, Mesa , California, United Kingdom, Virginia, Canberra, Washington

☆ Professor Hillary Clinton Goes Back to School
▼ + stars: | 2023-09-07 | by ( Katherine Rosman | More About Katherine Rosman | ) www.nytimes.com time to read: +2 min

The class is offered through Columbia’s School of International and Public Affairs, a graduate school where tuition is more than $65,000 per year. The spokeswoman declined to share details of Mrs. Clinton’s compensation or how it compared to that of other faculty members. More than 800 students applied to take the class, submitting essays for consideration; about 370 graduate and undergraduate students were accepted. Lectures will focus on topics like whether groups make better decisions than individuals and how public opinion influences foreign policy. Among the assigned readings: “How to Stand Up to a Dictator” by Maria Ressa, and sections from Mrs. Clinton’s 2014 memoir “Hard Choices,” in which she recounted her years as secretary of state during the Obama administration.

Persons: Clinton, Yarhi, Milo, Marie Yovanovitch, Stacey Abrams, Eric Schmidt, Madeleine Albright, Maria Ressa, Clinton’s, Obama Organizations: Columbia’s School of International and Public Affairs, of Global, Google, White, Secret Service Locations: Ukraine, Georgia

☆ Musk once tried to stop Google's DeepMind acquisition in 2014, saying the future of AI shouldn't be controlled by Larry Page
▼ + stars: | 2023-09-07 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +4 min

At Musk's 2013 birthday bash, he and Larry Page discussed AI's role in humanity's future, per biographer Walter Isaacson's retelling. Page labeled Musk a "specist," while Musk defended his views as "pro-human." Musk even attempted to stop Google's acquisition of AI company DeepMind, saying Page shouldn't control the future of AI, Isaacson wrote in a Time Magazine report. Per Isaacson, the reason behind the thwarting attempt was Musk's distrust of then-CEO of Google, Larry Page, and his views towards AI. Musk, Page, and Google did not immediately respond to a request for comment from Insider, sent outside regular business hours.

Persons: Larry Page, Walter Isaacson's, Musk, Isaacson, Elon Musk, Walter Isaacson —, Per Isaacson, DeepMind, Demis Hassabis, Larry, Luke Nosek, Musk's, —, Tucker Carlson, Page, Sam Altman, Eric Schmidt, Geoffrey Hinton Organizations: Magazine, Service, Time Magazine, Google, Media, PayPal Locations: Wall, Silicon, DeepMind, Napa Valley , California

☆ Sergey Brin and Elon Musk's brother, Kimbal, spotted at Burning Man as attendees struggled to deal with swampy, chaotic conditions
▼ + stars: | 2023-09-04 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Elon Musk's brother, Kimbal Musk, and Google cofounder Sergey Brin have been spotted at Burning Man. Two of the biggest tech camps have been severely flooded, attendees told WSJ. Another tech founder said they abandoned their luggage and waded through ankle-deep mud. AdvertisementAdvertisementElon Musk's brother, Kimbal Musk, and Google cofounder Sergey Brin have been spotted at Burning Man as attendees continue to battle chaotic conditions. Another tech founder said she had to ditch her luggage and wade through ankle-deep mud.

Persons: Elon Musk's, Kimbal, Sergey Brin, Brock Pierce, Elon Musk, Mark Zuckerberg, Elizabeth Holmes, Google cofounders Brin, Larry Page, Eric Schmidt, Brin Organizations: Wall Street, Rock City, Meta, Google, Musk Locations: Rock

[1/2] AI (Artificial Intelligence) letters and robot hand are placed on computer motherboard in this illustration taken, June 23, 2023. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsAug 30 (Reuters) - U.S. Senate Majority Leader Chuck Schumer will host tech leaders and experts at an artificial-intelligence (AI) forum on Sept. 13, as several governments around the world are considering how to mitigate the dangers of the emerging technology. - Meta Platforms (META.O) CEO Mark Zuckerberg: Meta has invested in artificial intelligence for years. - Elon Musk: The CEO of Tesla (TSLA.O) launched his own AI startup named xAI earlier this year. - IBM (IBM.N) CEO Arvind Krishna: IBM launched a new artificial-intelligence and data platform in May to help companies integrate AI in their business.

Persons: Dado Ruvic, Chuck Schumer, Sam Altman, OpenAI, Mark Zuckerberg, Elon, Sundar Pichai, Satya Nadella, Jensen Huang, Arvind Krishna, Krishna, Bill Gates, Charles Rivkin, Eric Schmidt, Tristan Harris, Deborah Raji, Alex Karp, Kanishka Singh, Richard Cowan, Matthew Lewis Organizations: REUTERS, U.S, Meta, Tesla, Microsoft, Nvidia, IBM, Bloomberg, Motion, Center for Humane Technology, University of California, Palantir Technologies, Thomson Locations: China, Berkeley, Washington

☆ Chuck Schumer to host AI forum with Zuckerberg and Musk among attendees
▼ + stars: | 2023-08-29 | by ( Brian Fung | ) edition.cnn.com time to read: +1 min

CNN —More than a half-dozen leading tech CEOs will be among those attending a highly anticipated artificial intelligence event hosted by Senate Majority Leader Chuck Schumer next month, according to the senator’s office. The September 13 event will involve Google CEO Sundar Pichai and former Google CEO Eric Schmidt; Meta CEO Mark Zuckerberg, OpenAI CEO Sam Altman; Microsoft CEO Satya Nadella; Nvidia CEO Jensen Huang; and Elon Musk, CEO of X, the company formerly known as Twitter. The events, which Schumer has dubbed “AI Insight Forums,” are set to bring experts from the private sector together with US lawmakers to help them understand the industry before they seek to create guardrails for AI. Earlier this summer, Schumer held a series of closed-door senators-only briefings on AI, which included a first-ever classified briefing by US national security officials on artificial intelligence. The guest list for next month’s Insight Forum was first reported by Axios.

Persons: Chuck Schumer, Sundar Pichai, Eric Schmidt, Mark Zuckerberg, Sam Altman, Satya Nadella, Jensen Huang, Elon Musk, Schumer, ”, Axios Organizations: CNN, Senate, Google, Microsoft, Nvidia, US

In securing some of the biggest names in tech, Schumer plans to make a giant splash for the first of what he's dubbed "AI Insight Forums." But when it comes to AI, we cannot be ostriches sticking our heads in the sand." But some have scratched their heads at Schumer's new approach in the Senate, which typically develops major policy legislation through committees of jurisdiction. Schumer has said the committees will work in tandem with the insight forums to develop legislation. And to me, that's a process that you ought to let work," Senate Minority Whip John Thune, R-S.D., a senior member of the Commerce, Science and Transportation Committee, said this summer.

Persons: Elon Musk, Mark Zuckerberg, Chuck Schumer, Zuckerberg, Satya Nadella, Alphabet's Sundar Pichai, OpenAI's Sam Altman, NVIDIA's Jensen Huang, Eric Schmidt, Musk, ChatGPT, Schumer, You've, John Thune Organizations: Capitol, SpaceX, Tesla, Meta, Facebook, Commerce, Science, Transportation Locations: OpenAI, York

☆ Tech Chiefs to Gather in Washington Next Month on A.I. Regulations
▼ + stars: | 2023-08-28 | by ( Cecilia Kang | More About Cecilia Kang | ) www.nytimes.com time to read: +3 min

insight forums” are closed-door listening sessions for lawmakers as they try to craft regulations for A.I. Mr. Schumer, the majority leader, said the sessions were intended to educate members of Congress on the risks posed by A.I. To influence the debate, some tech chiefs have voiced their views on A.I. Last month, the White House announced that Microsoft, OpenAI, Anthropic, Google and Meta had agreed to voluntary safeguards around their A.I. Mr. Schumer said he would host forums to learn about the risks and potential opportunities of A.I.

Persons: Chuck Schumer, Elon Musk, Sundar Pichai, Sam Altman, OpenAI, Satya Nadella, Jensen Huang, Eric Schmidt, Schumer, A.I, Axios, Altman, Musk Organizations: Elon, Tesla, Google, Microsoft, Nvidia, Capitol, Lawmakers, White House, Meta, IBM, A.I, Mr Locations: New York, Washington, A.I, States, Europe, United States

☆ A billionaire has been desperately trying to stop a clam shack from opening next door to his $6.5 million Nantucket cottage
▼ + stars: | 2023-08-22 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

Billionaire Charles Johnson has fought to stop a clam shack opening next to his Nantucket cottage. Steve Karp, the CEO of Nantucket Island Resorts, owns a property empire, including the proposed clam shack restaurant on Straight Wharf, the publication reported. "It's 18 inches from my bedroom," Johnson told The Current. "I don't want to carry a grudge," Johnson told The Current. The site of the proposed Straight Wharf Fish Market is 18 inches from Johnson's cottage, "Omega," which Bloomberg valued at $6.5 million.

Persons: Charles Johnson, Johnson, Charles Schwab, Eric Schmidt, Steve Karp, Kevin Burleson, Burleson, Gabriel Frasca, Fresca, Danielle DeBenedictis, Harvey Jones, " Karp, DeBenedictis Organizations: Bloomberg, Service, San Francisco Giants, Franklin Resources, Alcohol Beverages Control, Resorts, Nantucket Locations: Nantucket, Wall, Silicon, Wharf, Massachusetts

☆ What Is It About Montecito?
▼ + stars: | 2023-07-30 | by ( Amy Larocca | ) www.nytimes.com time to read: +2 min

Montecito is where Gwyneth Paltrow goes when the pressures of Brentwood are too much. Jennifer Aniston bought a $16.5 million property from Ms. Winfrey, who had not had time to use it. But it’s not just the famous who come to Montecito, it’s also the straight-up rich. Montecito is loaded with the less-recognizable names behind very recognizable things, including Ty Warner, the press-shy inventor of Beanie Babies, who lives in a rose-colored mansion with views of the whole landscape. It’s a dizzying combination of old wealth, new wealth and outrageous physical beauty that has begun to attract an ever-wider range of dreamers.

Persons: Oprah Winfrey, Ellen DeGeneres, Gwyneth Paltrow, Adam Levine, Ritchie, Ariana Grande, DeGeneres, Jennifer Aniston, Winfrey, Katy Perry, Orlando Bloom, Perry’s, Ed Hardy, Elton John, Flav, Amanda Chantal Bacon, Madame Tussauds, —, Prince Harry, Meghan, Duchess of, it’s, ”, Pierce, Eric Schmidt, Montecito, Ty Warner Organizations: Chrome Locations: Montecito, Brentwood, Patagonia, Duchess of Sussex, Santa Barbara

☆ The daughter of a sanctioned Russian billionaire says she's the true owner of a $68 million superyacht bought by ex-Google CEO Eric Schmidt
▼ + stars: | 2023-07-13 | by ( Grace Dean | ) www.businessinsider.com time to read: +2 min

Eric Schmidt bought a superyacht linked to a sanctioned Russian billionaire at auction in June. The Russian mogul has denied owning the vessel – but his daughter now says she's its true owner. Former Google CEO Eric Schmidt recently paid $67.6 million for a stranded superyacht that has been linked to a sanctioned Russian billionaire. The Russian chemical mogul's daughter now says she's its true owner and wants it back, according to a report by Bloomberg. But on Wednesday, lawyers for Guryev's daughter Yulia Gurieva-Motlokhov filed an appeal saying that she was the vessel's true owner, Bloomberg reported.

Persons: Eric Schmidt, Schmidt, Nero, Andrey Guryev, Guryev, Alfa Nero, Vladimir Putin, Guryev's, Yulia Gurieva, Motlokhov Organizations: Bloomberg, Morning, US Treasury, Alfa, EU, FBI, Trust, Flagstaff Trust Locations: Russian, Antigua, Barbuda, Ukraine, Caribbean, Flagstaff

☆ How 'Birkin Bandit' George Mickum Infiltrated NYC Society
▼ + stars: | 2023-07-12 | by ( Kate Taylor | Anna Silman | ) www.businessinsider.com time to read: +52 min

"He would know people's weaknesses and what they wanted and somehow always have something to offer," a former close friend said. Another close friend said Mickum once gave her a $1,000 loan "within minutes" when she needed it because of a credit-card crisis. He never "let the truth get in the way of a good story," a former close friend said. Hermès bags, like the Birkin and the Kelly, have always been symbols of unattainable luxury. There wasn't even a dust bag; Mickum claimed his mom's assistant would drop it off later.

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☆ The Future of War Has Come in Ukraine: Drone Swarms
▼ + stars: | 2023-07-09 | by ( Eric Schmidt | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones Locations: ukraine

☆ Inflection AI raises $1.3 bln in funding from Microsoft, others
▼ + stars: | 2023-06-29 | by ( ) www.reuters.com time to read: 1 min

June 29 (Reuters) - Artificial intelligence startup Inflection AI said on Thursday it had raised $1.3 billion in funding from a clutch of investors including Microsoft (MSFT.O) and Bill Gates. The funding comes less than two months after the company, founded by LinkedIn co-founder Reid Hoffman and Google DeepMind co-founder Mustafa Suleyman, released its chatbot, Pi. Similar to OpenAI's popular ChatGPT, Pi uses generative AI technology to interact with users through dialogues, allowing people to ask questions and share feedback. Hoffman, former Google CEO Eric Schmidt and NVIDIA (NVDA.O) also participated in the latest funding round, the company said. Reporting by Niket Nishant in Bengaluru Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

Persons: Bill Gates, Reid Hoffman, Mustafa Suleyman, Hoffman, Eric Schmidt, Niket, Vinay Dwivedi Organizations: Microsoft, LinkedIn, Google, NVIDIA, Thomson Locations: Bengaluru

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