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Together, this infrastructure duo is helping train and deploy revolutionary AI models. AI is not necessarily a special-built AI box that you plug into the wall and it does your AI. Being able to run your AI applications on general purpose infrastructure is incredibly important because then your cost for additional infrastructure is reduced. For Intel, we spend a lot of time adding AI performance features into our Intel Xeon scalable processors. The future is that you'll have many generative AI models for different types of purposes within your company.
Persons: Monica Livingston, it's, Gaudi Organizations: Intel, Habana, of Excellence, Gaudi
Our Merch, Ourselves
  + stars: | 2023-11-11 | by ( Melissa Kirsch | More About Melissa Kirsch | ) www.nytimes.com   time to read: +3 min
Why do we buy merch, or shy away from it? What does the merch you wear say about who you are, what you believe in? Carrying the bag in your own city seemed too boosterish, too earnest for a New Yorker, whereas outside the city, the local merch telegraphs your hometown pride and N.Y.C. Once you leave the place, the merch becomes a souvenir, a nostalgic keepsake. Debating the laws of merch is a diversion, an amusing exercise in questioning our own pieties.
Persons: Spaeny, “ Priscilla, , It’s, Hannah, Priscilla, Priscilla Presley, Priscilla ”, Sofia Coppola, ” “, it’s, leashes, I’d, Justin Bieber Organizations: tote, telegraphs, Los Angeles Dodgers, American Locations: rhinestones, New York, Brooklyn, New, L.A
Market volatility looks here to stay: Yields are still rising, a war is raging, and it's uncertain whether interest rates will stay higher for longer. Go for bonds Though volatility in the bond market has led to losses, some fund managers are saying that it's time to get back into this asset class, given that yields are high. Money market funds typically include short-term Treasurys. Bond yields move inversely to prices — that means a peak in interest rates may signal that bond prices have bottomed. When interest rates rise, bond prices typically fall as existing bonds with lower yields become less attractive.
Persons: Investors, David Katz, Katz, Bryn Jones, there's, Jones, Hide, Paul Meeks, Meeks, Steven Glass, Glass, Marsh McLennan, he's, they're, — CNBC's Michael Bloom Organizations: Treasury, Bank of America, Matrix Asset, CNBC Pro, gilts, U.S . Federal, Treasury Bond ETF, Pella Funds, Group, ASM, Taiwan's Locations: Israel, United States, China, U.S, Pella, Germany, Netherlands
Gen Z is looking beyond more crowded states for places where there's elbow room and affordability. Older generations aren't selling homes, making it hard for Gen Z to get into more popular markets. Emilia Mann, a senior analyst at StorageCafe, said that Gen Z doesn't have the same location preferences as older generations. "Gen Zers are increasingly drawn to simpler living in their housing choices," Mann told Insider via email. "We see the Gen Zers be more movement oriented, especially in long distances," Ressler said.
Persons: Z, , Emilia Mann, Zers, Mann, Gen X, Doug Ressler, Gen Z, Ressler, StorageCafe, Gen Organizations: Service, Survey Locations: Midwest, DC, Washington, Illinois, Montana, Idaho, Kansas, Nebraska, what's, RentCafe
This faux-leather jacket is made by bacteria
  + stars: | 2023-10-19 | by ( Jacopo Prisco | ) edition.cnn.com   time to read: +7 min
“A yellow leather jacket” might not be your first answer, but it’s exactly what came out of a collaboration between Danish fashion brand Ganni and Mexican biomaterials company Polybion. “We were impressed by the fact that a lot of people love the jacket because the material did not resemble leather,” said Alexis Gómez-Ortigoza, Polybion’s co-founder. “We isolated our first bacteria from that drink.”Kombucha is an increasingly popular fermented tea drink, and the bacterial biomass used to make the jacket, called Celium, comes from that jar. “We feed the bacteria with fruit waste, which is extremely abundant here in central Mexico,” said Gómez-Ortigoza. Although it shares some similarities with leather, Celium is an organic material that's meant to have its own look and feel.
Persons: , Alexis Gómez, Polybion’s, , Axel, Bárbara González, Gómez, Polybion, Ortigoza, Lauren Bartley, Ganni, Michelle Obama, Bartley, Kate Goldsworthy, who’s, Kate Fletcher Organizations: CNN, Ganni’s Sustainability, University of the Arts London, Royal Danish Academy, Copenhagen, Oslo Metropolitan University Locations: Mexican, Mexico, Celium, France, Norway
The top 10 states people are flocking to
  + stars: | 2023-10-14 | by ( Jordan Pandy | ) www.businessinsider.com   time to read: +2 min
Midwestern and southern states with smaller populations are attracting more residents. Now, people are going even farther outside of the suburbs, particularly to rural states like Idaho and Montana , a new report says. All 10 states on the list have populations under 8 million, according to Census estimates for 2022. That is really driving a lot of what we see in a lot of these less dense areas around the states." AdvertisementAdvertisementHere are the 10 states that are leading the rankings in net migration, according to StorageCafe.
Persons: , Doug Ressler, Ressler Organizations: Service Locations: Idaho, Montana, South, Midwest, Montana , Idaho, Vermont, Montana , Vermont
Justin Sullivan | GettyThe Powerball jackpot surged to an estimated $1.73 billion, the second-largest prize in the game's history, without a winning ticket on Monday. While it's the first time Powerball has seen back-to-back billion-dollar grand prize cycles, lottery jackpots have gotten bigger more frequently over the past several years, experts say. Without a jackpot winner, the estimated grand prize keeps rolling over until a player chooses all six numbers. Higher interest rates have boosted jackpotsAnother reason for bigger lottery jackpots over the past couple of years has been rising interest rates, said Akshay Khanna, CEO of Jackpot.com, which sells state lottery tickets. "The higher the interest rates, the more you're earning on that pool of capital."
Persons: Justin Sullivan, J, Bret Toyne, Toyne, Akshay Khanna Organizations: Powerball, State Lottery Association
Not long after founding the startup, Gaon shared his vision with famed venture capitalist Marc Andreessen. It was notable to Gaon at the time that Andreessen — "one of those investors who's known for seeing where the market is going" — appeared to have pinpointed loneliness as its own market. That moved her parents, Cindy and Anne Jordan, who had sold their first healthtech company years before, to found the Arizona company Pyx Health. "The loneliness crisis is bigger, and more urgent, than anything I've worked on before," Nyborg wrote in a blog post. Inspired debuted a thesis in 2020 that identified loneliness as a key focus for the firm to invest in.
Persons: Benjamin Gaon, Boaz Gaon, Benny, Gaon, Marc Andreessen, Andreessen, Wisdo, , Anne Wojcicki, Marius Nacht, Andreessen Horowitz, Vivek Murthy, Betsy Hoover, Bumble, Rylie Sarabia, Cindy, Anne Jordan, policyholders, Dawn Owens, it's, Owens, Julie Rice, Elizabeth Cutler, Rice, Peoplehood, Phil Levin, Levin, Culdesac, Renate Nyborg, I've, Nyborg, Hugo Amsellem, He's, Ava, Catalyst, Nate Tepper, Tepper, Adam Besvinick, Frances Haugen, Hoover, Alexa von Tobel, von Tobel, David Spinks Organizations: Pyx, Labs, verve, Investors, Pyx Health, TT Capital Partners, New, Khosla Ventures, Sequoia Capita, AI Fund, NEA, AIs, Looking Glass, Anonymous, Glass, Facebook, Bloomberg Locations: Arizona, Minneapolis, New York, Ava, France, Peoplehood, Hopscotch
A nurse fills a syringe with malaria vaccine before administering it to an infant at the Lumumba Sub-County hospital in Kisumu, Kenya, July 1, 2022. REUTERS/Baz Ratner/File photo Acquire Licensing RightsGENEVA, Oct 2 (Reuters) - The World Health Organization (WHO) recommended on Monday the use of a second malaria vaccine to curb the life-threatening disease spread to humans by some mosquitoes. recommended the broad use of the world's first malaria vaccine called RTS,S," WHO chief Tedros Adhanom Ghebreyesus told a briefing in Geneva. "Today, it gives me great pleasure to announce that WHO is recommending a second vaccine called R21/Matrix-M to prevent malaria in children at risk of the disease." "GSK has always recognised the need for a second malaria vaccine, but it is increasingly evident that RTS,S, the first ever malaria vaccine and the first ever vaccine against a human parasite, set a strong benchmark," GSK said in a statement.
Persons: Baz Ratner, Tedros Adhanom Ghebreyesus, Tedros, Poonawalla, Takeda, Hanna Nohynek, Gabrielle Tétrault, Farber, Leroy Leo, Gareth Jones, Mark Potter Organizations: Lumumba, REUTERS, Rights, World Health Organization, WHO, Britain's University of Oxford, UNICEF, Serum Institute of India, Reuters, GSK plc, United Nations, GSK, Takeda Pharmaceuticals, Thomson Locations: Kisumu, Kenya, Geneva, Ghana, Malawi, Bengaluru
Mark Zuckerberg has embraced a "martial arts view of the world," says Spotify CEO Daniel Ek. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAdvertisementMeta CEO Mark Zuckerberg, who spent the summer getting shredded and talking about a cage fight with Elon Musk, has embraced a "martial arts view of the world." That's according to Spotify CEO Daniel Ek, who discussed the public's perception of Zuckerberg with Forbes in a story published on Tuesday. In August 2022, Zuckerberg spoke about his martial arts journey on an episode of the "The Joe Rogan Experience" podcast, saying he found the sport to be both physically and intellectually engaging.
Persons: Mark Zuckerberg, Daniel Ek . Ek, Zuckerberg, Elon Musk, , Daniel Ek, Ek, Joe Rogan, Insider's Jyoti Mann, Dan Schulman, Krav Maga, Joanna Pineda Organizations: Forbes, Service, PayPal, Matrix Group, hapkido Locations: California, Meta
The Man Who Trapped Us in Databases
  + stars: | 2023-09-22 | by ( Mckenzie Funk | ) www.nytimes.com   time to read: +3 min
Matrix, as Asher’s new counterterrorism system soon came to be known, arguably marked the beginning of our era of analytics. But Asher, enamored with the power of his magical machines, kept talking about the five names they got right. Many critiques of our increasingly algorithmic world focus on where algorithms fail. A third boils down to checks and balances: Algorithms are often proprietary black boxes, closed to outside scrutiny. He was burning through millions more buying up vast data sets that contained ever more granular information on Americans’ lives.
Persons: Isaac, , Asher, Hank Asher, you’re, Organizations: Facebook Locations: It’s
CNN —Hundreds of millions of years ago, jawless fishes swam Earth’s seas, their brains protected on the outside by armored skin, and on the inside by plates made of cartilage. Scientists are still piecing together how modern vertebrates’ skulls evolved from these ancient fish ancestors, which were the first animals with backbones. The specimen — an articulated cranium that’s 455 million years old — belongs to the jawless fish Eriptychius americanus. Modern vertebrate descendants of jawless fishes make up two groups: vertebrates with jaws, and jawless hagfish and lampreys. “So it’s quite exciting.”Extracting the detailsThe fossilized head cartilage was excavated in 1949 and described in 1967 by the late paleontologist Robert Denison, a curator of fossil fishes at Chicago’s Field Museum of Natural History.
Persons: jawless, , Richard Dearden, Robert Denison, Denison, Dearden, , paleobiologist Lauren Sallan, Sallan, ” Sallan Organizations: CNN, Naturalis Biodiversity, Field, University of Birmingham, Okinawa Institute of Science, Technology Graduate University Locations: Colorado, Leiden, Netherlands, United Kingdom, Japan
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKatz: The markets are slowing down but haven't derailed completelyDavid Katz, Chief Investment Officer at Matrix Asset Advisors, discusses what's driving the markets and his top stock picks.
Persons: Email Katz, David Katz Organizations: Asset
So it's no wonder that through the past couple of years, working on and around private credit deals has become Wall Street's career du jour. Private credit is most often floating-rate debt — that is, debt where interest rates rise in concert with rate hikes. 'Unheard of' salaries, while risks abound in the marketIt's worth noting what private credit is: we're talking about debt and loans. "For most of my career, attracting new attorneys to private credit was a challenge. Proskauer's private credit group now has 90 lawyers, 24 of whom are partners, working full-time on private credit.
Persons: that's, Marc Rowan, Marc Lipschultz, Goldman Sachs, Paul Heller, Hannah Robb, Robb, It's, Cliffwater, Heller, Caldwell, Banks, Carlyle, Blackstone, Marco Acerra, Spencer Stuart, it's, Acerra, Richard Fernand, Nicholas Kalogeropoulos, Sam Iles, I've, Mike Mezzacappa, Evan Palenschat, Robert Lewin Organizations: Blackstone, Partners, CFA Institute, Columbia Business School, Wall Street, Alpha FMC, Barclays, Goldman Locations: New York
Pinned Under the Bodies of Men
  + stars: | 2023-09-15 | by ( Jerrine Tan | ) www.nytimes.com   time to read: +2 min
In all our years together, I had failed to comprehend him as he was — extremely fit and strong. None of this registered because I had never encountered his body that way. When he swept my body under, pinned me down, I felt the fright I knew all too well and did not care to know again. On me was a body, scarily strong, but one I knew intimately, belonging to a man who loves me. His overpowering jiu-jitsu lock was something I had only ever experienced as an embrace.
Persons: Locations: Singapore
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEnergy is improving, but there are better opportunities in other sectors, says Matrix's David KatzDavid Katz, Matrix Asset Advisors CIO, joins 'The Exchange' to discuss investing in strong fundamentals with reasonable multiples, the 12-month time horizon bull case for PayPal, and more.
Persons: Matrix's David Katz David Katz Organizations: Email Energy, Matrix, PayPal
U.S. chip startups have raised $881.4 million through the end of August, according to PitchBook data. Nvidia has "indirectly" contributed to overall AI chip fundraising woes, because investors want "Home run only type investments with a huge investment, huge return," Mythic CEO Dave Rick said. About two years ago, new investments in chip startups were often $200 million or $300 million. At least two AI chip startups have overcome investor reluctance by trumpeting potential customers or their relationships with well-known executives. While these chip makers in Nvidia's shadow struggle, startups in AI software and related technologies do not face the same constraints.
Persons: Ann Wang, Nvidia’s, Greg Reichow, Dave Rick, Rick, Rivos, Brendan Burke, Tenstorrent, Jim Keller, Max A, Kenneth Li, Cynthia Osterman Organizations: REUTERS, Nvidia, Eclipse Ventures, Apple, Devices, Microsoft, AMD, Intel, Thomson Locations: Taipei, Taiwan, Santa Clara , California, U.S, San Francisco
Envisioned two decades ago to add vibrancy and draw people to a place of devastation and mourning, the Perelman Performing Arts Center is finally arriving at a very different ground zero. Still, organizers believe the arts space, also called “PAC NYC,” has an important role to play in one of the most sensitive, historic spaces in the United States. “The performing arts center is kind of an amenity for a luxury neighborhood that they built,” said Todd Fine, who runs a advocacy business for historical preservation in lower Manhattan. Early on, the arts center was to house three established groups — two theaters and a visual arts museum — plus a new museum celebrating freedom. Then he came to see it as a step forward for the trade center and on a personal level, an embrace of living life fully.
Persons: It's, , Khady Kamara, , Bill Rauch, Joshua Ramus, Mike Bloomberg, Ronald Perelman, “ There’s, ” Bloomberg, Laurence Fishburne, Jenna Bush Hager, Barbara Pierce Bush, ” Rauch, Kamara, Todd Fine, Rauch, Perelman, Craig Peterson, James Giaccone, Joseph Giaccone, ” Giaccone Organizations: Trade, Perelman Performing Arts Center, “ PAC, Performing Arts Center, Pentagon, Manhattan Cultural Council, Tuesday's Locations: United States, Pennsylvania, Afghanistan, Manhattan
Nvidia's (NVDA.O) dominant position in the AI chip market due to a powerful combination of hardware and software has scared off potential investors in some startups, according to sources Reuters interviewed. "This is capital that understands what it takes to build a semiconductor business," CEO Sid Sheth told Reuters. The company designs the chips with digital "in-memory compute" that enables AI computer code to run more efficiently. The company's chip technology uses less energy to crunch data required to spit out generative AI responses, and is optimized for such tasks. Microsoft has committed to evaluating the chip for its own use when it launches next year, Sheth told Reuters.
Persons: Dado Ruvic, Sid Sheth, Santa Clara, Sheth, Sasha Ostojic, Max A, Stephen Coates Organizations: REUTERS, Microsoft Corp, Reuters, Nvidia, Temasek, Palo, Playground Global, Microsoft, Thomson Locations: Singapore, Palo Alto , California, Santa, San Francisco
Three Stock Lunch: Oracle, Papa John's and United Healthcare
  + stars: | 2023-09-05 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThree Stock Lunch: Oracle, Papa John's and United HealthcareDavid Katz, Matrix Asset Advisors chief investment officer, joins 'Power Lunch' to discuss the latest Barclay's Oracle upgrade, how to trade Papa John's after it was moved from mid-cap to a small-cap index and end of year projections for United Healthcare.
Persons: Papa John's, United Healthcare David Katz, Papa Organizations: United Healthcare, Matrix Asset Advisors, Oracle
Globally, more people searched about sleep this year than ever before, according to data released by Google Trends last week. Hotels and wellness resorts are launching "sleep tourism" programs that go beyond plush bedding and blackout curtains. Source: Zedwell Hotels Trocadero (London) Hotel LtdThe clutter-free aesthetic incorporates natural oak and ambient lighting, and rooms have sound insulation and purified air. Six Senses Laamu, MaldivesSleep-deprived guests can book a sleep wellness program that ranges from three to 10 days at Six Senses Laamu. Carillon Miami Wellness Resort, Miami.
Persons: Cadogan, hypnotherapist Malminder Gill, The Cadogan, Gill, Vicente Mera Organizations: Google, Zedwell, Hotel, Big Apple, Hyatt, Hyatt New, Carillon, Carillon Miami Wellness, Miami Wellness, Sha Wellness Clinic, Sha Wellness Locations: London, Maldives, Switzerland, Fiji, India, Turkey, Thailand, Hyatt , New York, , New York, Hyatt New York, Carillon Miami, Miami, Epsom, Alicante, Spain
Below, we've compiled stories with tips for prospective homeowners, investors, and renters. And for those opting to continue renting since this path is increasingly cheaper than taking on a new mortgage payment, one piece shows where rents are falling the fastest. Sean Pavone/ShutterstockThis list from Scholaroo shows where prospective homeowners can find the cheapest combo of prices and property taxes relative to local incomes. John M Lund Photography Inc/Getty ImagesThis piece on an analysis by CoreLogic shows where investors are betting on most right now. Earlier in August, Goldman Sachs said they expect home prices on a national basis to grow another 1.8% this year.
Persons: we've, Goldman Sachs, hasn't, Sean Pavone, El Paso , Texas Denis Tangney Jr, Alan Diaz, Doug Ressler, John M, David Greene Organizations: CoreLogic, Service, AP, Kansas, John M Lund Locations: Wall, Silicon, El Paso , Texas, Kansas City , Missouri, Scholaroo
John Warnock, a founder of Adobe Systems whose innovations in computer graphics, including the ubiquitous PDF, made possible today’s visually rich digital experiences, died on Aug. 19 at his home in Los Altos, Calif. The cause was pancreatic cancer, Adobe, which Dr. Warnock started in 1982 with Chuck Geschke, said in a statement. Until Dr. Warnock and Adobe came along, desktop printing was an arduous, expensive and unsatisfying endeavor. Dr. Warnock developed protocols that came loaded into desktop printers themselves, and that accurately rendered what a computer sent them. Adobe’s first such protocol, PostScript, went into Apple’s revolutionary LaserWriter, released in 1985, and within a few years it was the industry standard.
Persons: John Warnock, Warnock, Chuck Geschke, Dr, Adobe’s Organizations: Adobe Systems, Adobe Locations: Los Altos, Calif
Doug Ressler says Columbus and Nashville are among those cities best-positioned for growth. The Yardi Matrix analyst says population growth and an influx of jobs there will boost home prices. Doug Ressler doesn't think there will be a significant drop in home prices in the near future as housing supply stays low. But Ressler, the director of business intelligence at Yardi Matrix, a real-estate intelligence firm, says some markets are more immune to home price declines than others. We've listed the cities below, starting with those best positioned for growth.
Persons: Doug Ressler, Doug Ressler doesn't Locations: Columbus, Nashville, Boise, Minneapolis
Yields on one-year real estate bonds rated AA- have widened 220 bps in the past month, data from Chinabond shows. That divergence reflects investors' expectations that Beijing will support LGFVs in order to minimise financial contagion, despite rising delinquencies among developers. Yields on LGFV bonds issued in August averaged around 3.9%, the lowest seen this year, according to data provider Dealing Matrix(DM). The chorus of economists calling for China to support LGFVs as part of measures to shore up the economy has grown. Chi Lo, Hong Kong-based senior economist at BNP Paribas Asset Management, said Beijing needs to refinance LGFV debt over the next three to five years to prevent the system from imploding.
Persons: Aly, Zhu Yangmo, LGFVs, Zhu, Chi Lo, Li Gu, Samuel Shen, Tom Westbrook, Vidya Ranganathan, Kim Coghill Organizations: REUTERS, Rights, China Central Depository, Asset Management, Garden Holdings, HK, China International Capital Corp, Tianjin Infrastructure Investment Group, AAA, China, Thomson Locations: Shanghai, China, Rights SHANGHAI, SINGAPORE, Hainan, Beijing, Tianjin, Hong Kong, imploding, Singapore
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