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And now, as Trump continues to fill out the upper echelons of his transition and administration, some key donors appear to be in the fray. Chris Wright, the Liberty Energy CEO tapped to be Trump’s energy secretary, gave the campaign and affiliated committees more than $235,000. Marc Rowan, the billionaire CEO of Apollo Global Management, gave $1 million to Right for America, a pro-Trump super PAC. The super PAC also ran a controversial program that gave away $1 million checks to swing-state voters who signed Musk's petition. (His father, Charles Kushner, who was pardoned by Trump, gave that same amount, plus another $1.2 million to a pro-Trump super PAC).
Persons: megadonors, Donald Trump's, Trump, Linda McMahon, McMahon's, Howard Lutnick, Lutnick, Chris Wright, Scott Bessent, Marc Rowan, Elon Musk, Musk, Ike Perlmutter, Jared Kushner, Trump's, Charles Kushner, Tim Mellon, Miriam Adelson, megadonor Sheldon Adelson Organizations: Trump's Small Business Administration, Trump, Inc, MAGA Inc, Commerce Department, Liberty Energy, NBC, Treasury Department, Apollo Global Management, Street, Treasury, America PAC, PAC, Marvel Entertainment, America, Dallas Mavericks Locations: America
Now, Fonsi is making his debut as a lead actor in the film “Say a Little Prayer,” which opens at AMC and other theaters nationwide Friday. The movie, which features a nearly all-Latino cast, follows the romantic adventures of three best friends in San Antonio. “And to be able to do that in a film is great.”A poster for “Say a Little Prayer,” opening Friday. Luis Fonsi performs the theme song from “Say a Little Prayer” in San Antonio. The cast and crew of “Say a Little Prayer” in San Antonio in October.
Persons: Luis Fonsi's, , , I’d, Anthony, Rafael, It’s, valentine, Fonsi, ” Fonsi, Vannessa Vasquez, Jackie Cruz, Vivian Lamolli, Angélica María, Chris Kattan, Luis Fonsi, Patrick Perez Vidauri Vasquez, Adela, Vasquez, ” Vasquez, carne, Selena, , Latinas, Cristina Nava, ” Nava, ” Vivian Lamolli, Nava, Jeff Valdez, Sol Trujillo, Edward James Olmos, Olmos, El Viaje, It's, Daddy Yankee, That’s, “ I’m Organizations: NBC News, AMC, Productions, westside, Centro de Artes, San, San Fernando Cathedral, , Hulu, Cadence Productions, McKinsey & Company, El, YouTube Locations: Miami, Madrid, San Antonio, San Fernando, Mexican, Houston, Los, Latina, Antonio, Hollywood, , America, U.S, Spain, Puerto Rico
But one thing is missing from the storied British carmaker Jaguar's new rebrand: cars. In a press release accompanying its rebrand, Jaguar's chief creative officer, Sir Gerry McGovern, explained the thinking behind the rollout. Jaguar sold fewer than 67,000 cars in the entire world last year, approximately half the number it sold in the fiscal year incorporating the beginning of the Covid-19 pandemic. In response to other X users asking why the ad didn’t feature any cars, Jaguar’s X account responded, “The story is unfolding. That ethos is seen in our new brand identity today and will be further revealed over the coming months.
Persons: Bud Light's, Lulu Cheng Meservey, grads, Sir Gerry McGovern, Adrian Mardell, , Rawdon Glober Organizations: Rostra, Jaguar, Art, Rover, Tata Motors Locations: U.S, Art Basel, India
New York prosecutors told the judge who presided over Donald Trump's hush money trial on Tuesday that his sentencing should be postponed while the president-elect's lawyers file further legal arguments asking the case be dismissed. The proposal Tuesday from Manhattan District Attorney Alvin Bragg's office would need to be signed off on by Judge Juan Merchan to become official. A ruling against Trump on the issue would have paved the way for the judge to proceed with his sentencing, which was tentatively scheduled for Nov. 26. That case has been paused while Trump and some of his co-defendants seek to have an appeals court remove Willis from the case for an alleged conflict of interest. Trump's lawyers have contended that even if she’s allowed to remain on the case, any Trump trial would have to wait until he’s out of office in 2029 because of constitutional issues.
Persons: Donald Trump's, Alvin Bragg's, Judge Juan Merchan, Merchan, Trump, Matthew Colangelo, ” Colangelo, Court's, Michael Cohen, Stormy Daniels, Daniels, he’s, Hope Hicks, Madeleine Westerhout, Cohen, Court’s, ” Trump, Bragg, He’s, Fani, Willis Organizations: Manhattan, U.S, Trump, Trump White House, Lawyers, Prosecutors, Justice Department Locations: York, U.S ., , Fulton County, Georgia
The Cantor Fitzgerald CEO has led and been the public face of Trump’s transition. As co-chair of Trump's transition, Lutnick has been an outspoken advocate for Trump’s agenda, including explaining how he plans to use tariffs once in office. Lutnick is the CEO and chairman of financial services titan Cantor Fitzgerald. Adam Gray / Bloomberg via Getty Images fileLutnick has been at Cantor Fitzgerald since the early 1980s when he graduated from Haverford College in Pennsylvania with an economics degree. Lutnick was working at Cantor Fitzgerald when terrorists targeted New York’s World Trade Center towers on Sept. 11, the firm's headquarters.
Persons: Donald Trump, Howard Lutnick, Cantor Fitzgerald, Lutnick, Adam Gray, Trump, Lutnick's, Elon Musk, evincing Organizations: WASHINGTON, Commerce Department, The Commerce Department, Bloomberg, Getty, Haverford College, New, Trade, Punchbowl News, Trump, Treasury, Elon, ‘ Department, Government Locations: United States, New York, Pennsylvania
At 34, he was the city’s youngest ever mayor, and he campaigned on a promise of self-determination for the predominantly Black city. It’s an ongoing factor in Mississippi politics,” said Leslie McLemore, a former Jackson State University political science professor who also once sat on the Jackson City Council. That was on top of years of boil-water notices that eroded residents’ trust in the city’s water supply. In April, a push by conservative legislators to strip local control of the city’s water system failed for the second time in the House. Rogelio V. Solis / AP fileByron D'Andra Orey, a political science professor at Jackson State University, said the bribery scandal could shape the municipal elections.
Persons: JACKSON, , Chokwe Antar Lumumba, Jackson, Lumumba, Jody Owens, Aaron Banks, Angelique Lee . Lumumba, Owens, Banks, Lee, “ I’m, Virgi Lindsay, Lindsay, , Leslie McLemore, ” McLemore, ” Jackson, Lauren Witte, Ronnie Crudup Sr, , that’s, Jacksonians, “ It’s, ” Kim Meeks, Rogelio V . Solis, Zakiya Summers, Summers, Tate Reeves, Reeves, Bill, “ H.B, Liam Kennedy, Chokwe Lumumba, Tupac Shakur, ” Jacksonians, Rukia Lumumba, Annie Cooper, Jan, Byron D'Andra Orey, CJ Rhodes, Mount Organizations: Miss, City, Republican, Democratic, Jackson State University, Jackson City Council, USA, New Horizon Church, City Council, DA, Rep, U.S . Justice Department, NAACP, Mississippi Army National Guard, Lumumba, Clarion, Ledger, , State Capitol, Mount Helm Baptist Locations: Black, Hinds, , Mississippi, Jackson, Mississippi’s, Jackson’s Fondren, Hinds County, , Northwest Jackson, Mount Helm
Gisele Pelicot on Tuesday lambasted the cowardice of the dozens of men accused of abusing her during 10 years of mass rape organized by her husband and told the court hearing the trial France’s patriarchal society must change. Most of the 50 other men on trial have denied rape. “For me this is the trial of cowardice, there is no other way to describe it,” Gisele Pelicot said, with many of the accused in the courtroom. “It is time for society to look at this macho, patriarchal society and change the way it looks at rape,” Gisele Pelicot told the court. “Rape is rape,” she said on Tuesday.
Persons: Gisele Pelicot, Dominique Pelicot, ” Gisele Pelicot, Christophe Simon, , , Beatrice Navarro Organizations: Getty Locations: Avignon, France, AFP
HONG KONG — A Hong Kong court sentenced dozens of leading pro-democracy figures to up to 10 years prison Tuesday in the single largest trial under a national security law that critics say has been used to all but eliminate political dissent in the Chinese territory. Lawyers for the defendants have argued that such action was within the bounds of Hong Kong law. In March, Hong Kong’s opposition-free legislature also enacted local national security legislation. Among the 47 are “second-tier pan-democrats” who were previously active members of the Hong Kong legislature, Burns said. Hong Kong officials said last month that there was no time limit for prosecuting the cases, noting that it takes time to gather evidence.
Persons: Benny Tai, Tai, Carrie Lam, Hong Kong’s, Hong, Maya Wang, , Tai —, John Burns, Burns, Jimmy Lai, , Jonathan Sumption, ” Sumption, Kong’s, of Organizations: University of Hong Kong, Hong, Authorities, Human Rights, University of Hong, Apple Daily, Pew Research Center, Financial Locations: HONG KONG, Hong Kong, Beijing, British, U.S, China, University of Hong Kong, Hong Kong’s
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin rises to new record above $94,000: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Dennis Kelleher, co-founder and CEO of Better Markets, shares his criticism for the crypto industry's influence on the 2024 election.
Persons: explainers, Dennis Kelleher Organizations: CNBC Crypto, CNBC, Better
Global stocks have largely fallen as the U.S. has rallied, the result of a confluence of factors. The fund gauges how global stocks minus U.S. equities are performing, and it features names such as Taiwan Semiconductor , Tencent and Novo Nordisk . The broad market index was marginally higher on the day and has soared nearly 24% year to date. The dollar index has jumped more than 2% in November, and has climbed nearly 5% year to date. .DXY 3M line Dollar index The underperformance of global stocks might provide some temptation to dive in at a time when they appear undervalued.
Persons: hasn't, Donald Trump, Nick Colas, MSCI ACWI, Colas Organizations: White, DataTrek Research, ETF, Taiwan Semiconductor, Tencent, Novo Nordisk, ACWX Locations: U.S
Nov 16, 2024; New York, NY, USA; President-elect Donald Trump talks with Elon Musk (right) during UFC 309 at Madison Square Garden. MandatoryPresident-elect Donald Trump will attend Tuesday's launch of the SpaceX rocket Starship with company CEO Elon Musk. Trump has tapped Musk to co-lead a Department of Government Efficiency — DOGE — with former Republican presidential contender Vivek Ramaswamy. Tuesday's launch at SpaceX's Starbase site in Boca Chica will be the sixth for Starship, the largest rocket ever built. Sen. Ted Cruz, R-Texas, also plans to attend Tuesday's launch, NBC News has learned.
Persons: Donald Trump, Elon Musk, Musk, Trump, , Vivek Ramaswamy, Sen, Ted Cruz, Cruz Organizations: Elon, UFC, Madison, SpaceX, Republican, Department of Government, Trump, NBC, Starship, NBC News, Senate, Committee Locations: New York, NY, USA, Lago, Florida, Boca Chica, Texas
CNN —Trump transition co-chair Linda McMahon is expected to be named as secretary of the Department of Education, four sources familiar with the matter told CNN. The decision took shape after it became clear that McMahon would be passed over for Commerce secretary. McMahon is also the former CEO of the WWE, which she co-founded with her husband, Vince McMahon. As head of the WWE, McMahon oversaw its transformation from a small wrestling entertainment company into a publicly traded media empire. During Trump’s first campaign for president, McMahon donated more than $7 million to two pro-Trump super PACs, according to Open Secrets.
Persons: CNN —, Linda McMahon, McMahon, Donald Trump, Howard Lutnick, Cantor Fitzgerald, Scott Bessent, Trump’s, Larry Kudlow, Trump, AFPI, Vince McMahon Organizations: CNN, CNN — Trump, Department of Education, Commerce, Commerce Department, Treasury, Small Business Administration, America, Trump, Policy Institute, WWE Locations: Connecticut
At the age of 58, 31 years his opponent’s senior and nearly two decades on from his last professional bout, Tyson was clearly a shadow of the heavyweight champion he used to be. “Jake had an ayahuasca session and envisioned this fight (against Tyson) happening,” he told CNN Sport after the fight. Everyone became intimately familiar with the Netflix loading screen after the massive viewership to watch the streaming platform’s first-ever live boxing bout crashed the server. Paul (left) and Tyson fight at AT&T Stadium in Arlington, Texas. Third was giving young boxers a platform.”Nakisa Bidarian (center) stands between Tyson and Paul ahead of last week's fight.
Persons: , Jake Paul, Mike Tyson, Nakisa, , Paul, YouTuber, Tyson, Bidarian, “ Jake, Jake Paul –, Alpha –, Al Bello, “ There’s, Mike Tyson’s, Roy Jones, ” Bidarian, Jake, ” Paul, Nate Robinson, Amanda Serrano, Ronda Rousey, Amanda, Brett Carlsen, Jutta Leerdam –, he’s, , Serrano, Katie Taylor, Taylor, ” Serrano, Sarah Stier, “ Amanda Serrano Organizations: CNN, T, CNN Sport, Netflix, NBA, Madison Square Garden Locations: Arlington , Texas, Las Vegas, Ronda, Texas
The Cantor Fitzgerald CEO has led and been the public face of Trump's transition. As co-chair of Trump's transition, Lutnick has been an outspoken advocate for Trump's agenda, including explaining how he plans to use tariffs once in office. Lutnick is the CEO and chairman of financial services titan Cantor Fitzgerald. Lutnick has been at Cantor Fitzgerald since the early 1980s when he graduated from Haverford College in Pennsylvania with an economics degree. Lutnick was working at Cantor Fitzgerald when terrorists targeted New York's World Trade Center towers on Sept. 11, the firm's headquarters.
Persons: Howard Lutnick, Cantor Fitzgerald, Donald Trump, Lutnick, Trump, Lutnick's, Elon Musk, evincing Organizations: Republican, WASHINGTON, Commerce Department, The Commerce Department, Haverford College, New, Trade, Punchbowl News, Trump, Treasury, Elon, Department of Government Locations: Madison, New York City, U.S, United States, Pennsylvania, New York
Friday's highly anticipated boxing match between former heavyweight champion Mike Tyson and YouTuber-turned-boxer Jake Paul will be remembered for more than its unique card. The bout shown on Netflix was the most-streamed global sporting event ever with 65 million live concurrent streams and 108 million total live viewers around the world, according to a Netflix release. The Amanda Serrano and Katie Taylor fight before the Tyson-Paul match averaged 74 million live global viewers, the most-watched professional women's sporting event ever in the U.S. with 47 million viewers, the company said. Both Tyson and Paul made 10-figure paydays, according to Most Valuable Promotions co-founder Nakisa Bidarian, whose company promoted the fight. Serrano and Taylor received record pay for women's boxing, he said.
Persons: Friday's, Mike Tyson, YouTuber, Jake Paul, Amanda Serrano, Katie Taylor, Tyson, Paul, Nakisa Bidarian, Serrano, Taylor, Bela Bajaria, NBCUniversal's Peacock, Peacock Organizations: Netflix, National Football League, Football, CNBC Locations: U.S, Nevada, NBCUniversal
The Republican document said the executive order contained “radical leftwing ideas” that hindered innovation. The most advanced AI systems could, in the worst case, “pose an extinction-level threat to the human species,” the report said. A related document said AI systems could be used to implement “high-impact cyberattacks capable of crippling critical infrastructure,” among a litany of risks. However, he worries that a repeal of Biden’s executive order would spell the end of the US government’s AI Safety Institute. It is possible that that would be the subject of a future Trump executive order,” said Strait.
Persons: London CNN — Donald Trump, Elon Musk, Joe Biden, Sandra Wachter, , Andrew Strait, Ada Lovelace, Strait, Kamala Harris, Musk, Steve Kramer, Dean Phillips, Biden, Phillips ’, Taylor Swift, Alexandria Ocasio, Cortez, ” Manoj Chaudhary, What’s, It’s “, Trump, ” Strait, Gavin Newsom, JD Vance, , Musk’s Tesla Organizations: London CNN, White House, Republican Party, Republican, Oxford Internet Institute, Oxford University, CNN, Ada, Ada Lovelace Institute, US Department of Homeland Security, Democratic, US State Department, AI Safety, “ Department, Government, Trump Locations: London, United States, New Hampshire, Alexandria, Colorado, New York, , California
Many new Bluesky users are praising the feeling on the site as being similar to "old Twitter." This week, the app shot to the top of Apple's App Store and Google's Play Store, and a Bluesky spokesperson told Business Insider it hit 18.3 million registered users. Advertisement"Consumers, time and time again, show us that they will put a brand in jeopardy if the leadership is associated with ideology the consumers don't care for," Lind told Business Insider. A spokesperson for Bluesky told Business Insider that the platform aims to give users more choice and offer creators independence from being locked into specific platforms. A few weeks ago, Bluesky had less than 1 million daily users in the US, "so the acceleration is tremendous," said David Carr, an editor at Similarweb.
Persons: Bluesky, Elon Musk's, Jonathan Bellack, Mark Cuban, he'd, That's, Stephen Lind, Lind, We've, Jack Dorsey, Twitter, Dorsey, David Carr Organizations: Social, Business, Applied Social Media, Cuban, Meta, USC Marshall School of Business, Bluesky, Twitter Locations: Similarweb
New York CNN —“Morning Joe” co-hosts Joe Scarborough and Mika Brzezinski announced Monday, in dramatic fashion, that they went to Mar-a-Lago last week for a fence-mending meeting with President-elect Donald Trump. According to two sources with direct knowledge of the matter, Scarborough and Brzezinski were credibly concerned that they could face governmental and legal harassment from the incoming Trump administration. For that reason, there are a wide range of feelings about the “Morning Joe” meeting, according to half a dozen employees who spoke on condition of anonymity. Shortly after the Mar-a-Lago meeting was publicized, lawyer and MSNBC host Katie Phang posted on social media, “Normalizing Trump is a bad idea. On Monday afternoon, Scarborough posted a link on X to a Fox News story about his meeting with Trump.
Persons: Joe ”, Joe Scarborough, Mika Brzezinski, Donald Trump, Scarborough, Brzezinski, Trump, Elon Musk, Matt Gaetz, Gaetz, , Katie Phang, Chuck Rocha, Joe, Mika, Jeff Jarvis, , White, Steve Bannon, Bannon, Andrew Weissmann, Ari Melber, they’re, Fox, ” Scarborough, Jeff Bezos’s, board’s, Kamala Harris, Bezos Organizations: New, New York CNN, Mar, Lago, MSNBC, CNN, Scarborough, Trump, Democratic, ” Veteran, Fox, Washington Post Locations: New York, Scarborough, America,
Still, Atomico said this shows that European tech funding levels have finally "stabilized" despite worsening global macroeconomic conditions leading to three consecutive years of declines. In the period spanning 2015 to 2024, European startups have bagged $426 billion, dwarfing the sum of investment deployed into tech firms the decade prior. Europe's first $1 trillion tech firm? Atomico said it's optimistic about the next decade in European tech. The VC firm, which was established by Skype co-founder Niklas Zennström, is predicting the entire European tech ecosystem combined could be valued at $8 trillion by 2034, up from around $3 trillion currently.
Persons: Reeves, Oli Scarff, Atomico, Tom Wehmeier, Wehmeier, Europe's, Rachel Reeves, techUK, Niklas Zennström Organizations: Startup Coalition, Getty Images Venture, European Tech, CNBC, VC, Skype, Spotify, Google, Apple, Facebook, Meta, Microsoft, Nvidia, Tesla Locations: British, State, Europe, U.S, China, Atomico, United States
Last week, Klarna made a confidential filing to go public in the U.S., ending months of speculation over where the Swedish digital payments firm would list. Still, the development drew buzz from fintech circles with market watchers asking if the move marks the start of a resurgence in big fintech IPOs. For now, that doesn't appear to be the case — however, founders say they'll be watching the IPO market, eyeing pricing and eventually stock performance. Hiroki Takeuchi, CEO of online payments startup GoCardless, said last week that it's not yet time for his company to fire the starting gun on an IPO. However, Zopa's CEO added that he's seeing signs pointing toward a more favorable IPO market in the next couple of years, with the U.S. likely opening up in 2025.
Persons: Hiroki Takeuchi, Zed Jameson, Klarna, they'll, Takeuchi, GoCardless, Lucy Liu, Airwallex, it's, Liu, Jack Zhang, We're, fintech IPOs, Navina Rajan, It's, Rajan, Jaidev Janardana, Janardana, that's Organizations: GoCardless, Bloomberg, Getty, Portugal —, CNBC, Summit, British, U.S Locations: LISBON, Portugal, U.S, Lisbon, Europe
Three Wall Street banks have taken differing views on gold's trajectory in 2025, reflecting the complex economic outlook. Goldman Sachs expects the price of the yellow metal to reach $3,000 per ounce by December 2025, saying "Go For Gold" in a note from Nov. 17. The gold price has declined by 7% since late October as the risk of a disputed U.S. election result diminished. While maintaining a positive outlook on gold, UBS warned that its gains — gold had risen 35% this year until November — could slow down. Goldman Sachs pointed to a fivefold increase in central bank gold purchases, driven by concerns about financial sanctions and sovereign debt sustainability.
Persons: Goldman Sachs, Donald Trump's, Goldman, Daan Struyven, Karen Ward, Ward, Arend Kapteyn, Bhanu Baweja, — CNBC's Michael Bloom Organizations: Trump, JPMorgan Asset Management, UBS Locations: U.S, Europe, Middle East, Africa, Switzerland, Russia, Ukraine
Stross is the president and co-founder of Greenhouse, the hiring platform, and has seen a lot of tech and AI advancements in hiring since his business launched in 2012. And so you feel pressure that if you're not applying to tons of jobs, you're falling behind." New tech can enable bad hiring practicesAnother issue is that businesses are leveraging hiring tech to post more job openings, even if they're not for roles they're actively hiring for. Another strategy: Reach out to first- or second-degree LinkedIn connections at companies you're actively applying to. Hiring tech can limit bad actors and highlight positive experiences
Persons: Jon Stross, he's, isn't, Stross, Greenhouse, they're Organizations: Greenhouse, CNBC
Nila Ibrahimi won the International Children’s Peace Prize on Tuesday, an award that has recognized luminaries including climate activist Greta Thunberg and girls’ education campaigner Malala Yousafzai. Afghan women prepare almonds at a factory on the outskirts of Aybak in Samangan Province on September 9, 2024. She co-founded “Her Story,” which encourages Afghan girls to share their stories, spotlighting the voices of those still in Afghanistan. Teenage girls and women are not allowed to study or work and can only leave the house with a male relative. “Human rights are protected in Afghanistan and no one is discriminated,” said spokesman Hamdullah Fitrat Fitrat.
Persons: Nila Ibrahimi, Greta Thunberg, Malala Yousafzai, Ibrahimi, , Canada Ibrahimi, ” Ibrahimi, Richard Bennett, ” Bennett, Afghanistan’s, Hamdullah Fitrat Organizations: CNN, Getty, Foundation, Geneva, Human Rights, United Nations, UN, Women, Taliban Locations: , Afghanistan, Kabul, Aybak, Samangan Province, AFP, Canada, Pakistan, Germany, Australia, Netherlands
AdvertisementElon Musk and Vivek Ramaswamy are set to co-lead the DOGE in President-elect Trump's second term. In their roles as co-leaders of the forthcoming Department of Government Efficiency, Elon Musk and Vivek Ramaswamy have vowed to "delete" government agencies, much like a line of code. "Or does it mean that a different federal agency will assume the responsibilities of collecting income taxes?" Allison Robbert-Pool/Getty Images"The president can't 'delete' departments — or even almost all of government's subunits. Kettl said that any effort to delete the functions of a department is "an even bigger battle" than trying to delete a department itself.
Persons: Elon Musk, Vivek Ramaswamy, Trump's, Ron DeSantis, Kevin Kosar, DOGE's, Ramaswamy, Donald Trump, Mordecai Lee, aren't, haven't, Kosar, Allison Robbert, Donald Kettl, Elaine Kamarck, Bill Clinton, Kamarck, Kettl, Lee, they've, nix, it's Organizations: Republicans, of Government Efficiency, Elon, Florida Gov, American Enterprise Institute, Fox News, Internal Revenue Service, Federal Bureau of Investigations, Alcohol, Firearms, Tobacco, Department of Education, University of Wisconsin -, Trump, Republican, University of Maryland, Brookings Institute, of Education, Farmers, of Agriculture, USDA, Conservative Locations: Florida, University of Wisconsin - Milwaukee
The narrative from Silicon Valley is that the AI train has left the station and any smart investor had better hop on before these products become “superintelligent” and start solving all the world’s problems. Now, some of the leading language models appear to be hitting a wall, according to at least three reports last week. But if we have indeed hit a scaling wall, “it may mean that the the mega-cap technology companies have over-invested” and it’s possible that they could scale back in the near future. That’s the AI optimist/pragmatist view. For a less rosy outlook, I turned to Gary Marcus, NYU professor emeritus and outspoken critic of AI hype.
Persons: CNN Business ’, New York CNN — It’s, OpenAI, , that’s, , Orion “, Ilya Sutskever, ” Sutskever, Marc Andreessen, Sam Altman, ” Gil Luria, Davidson, it’s, ” Luria, Gary Marcus, ” Marcus, “ LLMs Organizations: CNN Business, New York CNN, Nvidia, Tech, ” Bloomberg, ” Reuters Locations: New York, GPT
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