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☆ Aidan Gomez helped invent the transformer at Google. At Cohere, he's now taking AI to businesses
▼ + stars: | 2024-07-06 | by ( Katie Tarasov | ) www.cnbc.com time to read: +2 min

Cohere makes generative AI models that can be used by companies, in contrast to consumer-facing products like OpenAI 's ChatGPT. In June 2023, Cohere raised $270 million at a $2.2 billion valuation, from investors including Salesforce and Oracle. When asked about specific use cases where generative AI can benefit a company's bottom line, Gomez cited a model Cohere built to help an insurer. "I never thought that an insurance company for natural resource projects would be adopting large language models," he said. Watch the video to hear the full conversation between CNBC's Steve Kovach and Aidan Gomez.

Persons: Gomez, Aidan Gomez, Cohere, there's, CNBC's Steve Kovach Organizations: University of Toronto, Google, Nvidia, CNBC, MIT, Harvard, Salesforce, Oracle, White, actuaries

United Kingdom 2024 Election: Live ResultsThe first results are expected after 6:30 p.m. Eastern. % Seats 0 0.0 % 0 0 0.0 % 0 0 0.0 % 0 0 0.0 % 0 + Show moreBritain is voting in a parliamentary general election that could fundamentally realign its politics. Polling suggests a return to power for the center-left Labour Party, whose promises include ending a tax exemption for private schools and bringing most rail companies into public ownership. Winner No dataBut even as some forecasts indicate a crushing majority for Labour, this is increasingly far from a two-party race. Winner by ConstituencyThis table shows the results from the 2024 election in each constituency grouped by the party that won it in the last general election.

Persons: Boris Johnson, Labour’s Organizations: Labour Party, Labour, Liberal Democrats, Greens, New York Times Locations: Scotland, Wales

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin dips to $60,000 as the cryptocurrency heads for losing month: 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. Ben McMillan, IDX Digital Assets CIO and founder, the state of crypto markets and the future of crypto ETFs. Plus, Chris King of Eaglebrook Advisors weighs in on adoption of spot crypto ETFs by investment advisors.

Persons: explainers, Ben McMillan, Chris King Organizations: CNBC Crypto, CNBC, IDX Digital, CIO, Eaglebrook

☆ SXSW decision to end US Army sponsorship spotlights political tightrope for festival organizers amid Israel-Hamas war
▼ + stars: | 2024-06-28 | by ( Elizabeth Wagmeister | ) edition.cnn.com time to read: +7 min

“After careful consideration, we are revising our sponsorship model,” read an official statement shared on the SXSW website. In 2023, The Ireland-Palestine Solidarity Campaign (IPSC) announced that their “Irish Artists Pledge to Boycott Israel” had passed 1,500 signatories, including Kneecap. SXSW isn’t the only music festival that has seen artists pull out over sponsorships since the Israel-Hamas war began. Obviously, we pulled out of SXSW because it was literally sponsored by the American army, but we’re not f–kin’ ridiculous either.”The SXSW festival began in 1987. Greg Abbott took to social media to comment on the SXSW protesters, prompting the festival to publicly disagree with the governor.

Persons: Jamie Dobson, “, Selena Gomez, Meghan, Duchess of Sussex, Mark Cuban, Israel, Kneecap, Rich Peppiatt, Liam Óg Ó, Ó Cairealláin, Jj Ó, Justin Bettman, Boycott Israel ”, Dan Lambert, Lambert, Robert MacPherson, Greg Abbott, Don’t, ” Abbott, don’t, ”, Governor Abbott Organizations: CNN, Southwest, Hamas, SXSW, US Army, U.S, Army Futures Command, US Army Futures Command, Army, Hollywood, Irish, Palestine Solidarity, Barclays Bank, Barclays, Live, Reuters, Texas Gov Locations: Israel, Austin, The Texas, Palestine, Ireland, The Ireland, Gaza, Texas

☆ LGBTQ+ organizations are level-setting the VC funding space for Queer founders
▼ + stars: | 2024-06-27 | 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 EmailLGBTQ+ organizations are level-setting the VC funding space for Queer foundersCNBC's Brandon Gomez joins 'Money Movers' to report on the funding barriers that LGBTQ founders are facing.

Persons: CNBC's Brandon Gomez

☆ AI pioneer Illia Polosukhin, one of Google's 'Transformer 8,' wants to democratize artificial intelligence
▼ + stars: | 2024-06-27 | by ( Katie Tarasov | ) www.cnbc.com time to read: +2 min

Before Illia Polosukhin left Google in 2017, he had a brainstorming lunch and then returned to his desk to build what may have been the very first transformer, the neural network architecture that makes generative artificial intelligence possible. Seven of the "Transformer 8" joined Nvidia CEO Jensen Huang at GTC, Nvidia's annual developer conference in San Jose on March 20, 2024. From left to right: Lukasz Kaiser, Noam Shazeer, Aidan Gomez, Jensen Huang, Llion Jones, Jakob Uszkoreit, Ashish Vaswani and Illia Polosukhin. All eight of the authors have now left Google, although Polosukhin was the first to depart. Watch the video to hear the full conversation between CNBC's Katie tarasov and and Illia Polosukhin.

Persons: Polosukhin, Jensen Huang, Illia Polosukhin, Lukasz Kaiser, Noam Shazeer, Aidan Gomez, Llion Jones, Jakob Uszkoreit, Ashish Vaswani, OpenAI, Alexander Skidanov, CNBC's Katie tarasov, Illia Organizations: Nvidia, Google, CNBC Locations: San Jose

Former U.S. President and Republican presidential candidate Donald Trump gestures during a campaign event in Philadelphia, Pennsylvania, U.S., June 22, 2024. Former President Donald Trump could announce his vice presidential pick as early as this week, possibly ahead of Thursday's debate, according to four people familiar with the situation. That gives him a limited window in which to introduce his running mate to the public. Trump's official spokespeople have regularly tamped down speculation about the timing of an announcement and the identity of Trump's running mate, and they did so again Tuesday. He ignored a follow-up question about whether he has talked with Trump about the VP job this week.

Persons: Donald Trump, Trump, Joe Biden, Stormy Daniels, Doug Burgum, Doug Burgum , Ohio Sen, JD Vance, Florida Sen, Marco Rubio, Rubio, Vance, Burgum, Biden, Brian Hughes, Donald J Organizations: U.S, Republican, Trump, Republican National Convention, Milwaukee ., NBC, North Dakota Gov, CNN Locations: Philadelphia , Pennsylvania, U.S, Atlanta, Virginia, Milwaukee, New York, Doug Burgum , Ohio, Florida

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin drops to $60,000 level to start the week: 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, Chen Arad, Solidus Labs co-founder, weighs in on what Consensys' announcement that the SEC was dropping its investigation into the firm and the Ethereum network means for adoption of the network.

Persons: explainers, Chen Arad Organizations: CNBC Crypto, CNBC, Solidus Labs, SEC

☆ McKinsey says it needs to reinvent itself and that AI is the answer: 'It's going to be most of what we do in the future'
▼ + stars: | 2024-06-22 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +2 min

Generative AI has become the leading conversation topic at the world's premiere consulting firms. "How do we actually inject gen AI and AI thinking into ways of doing business?" The launch of ChatGPT marked an inflection point for McKinsey's work on generative AI. He added that McKinsey has worked on roughly 400 generative AI projects in the last six months. McKinsey's work helps the young startup "build trust" among more organizations, Cohere's founder and CEO Aidan Gomez told Business Insider.

Persons: It's, Ben Ellencweig, Ellencweig, they're, it's, Aidan Gomez Organizations: Service, McKinsey & Company, McKinsey, Business Locations: India, Brazil, United States, Israel

And yet, the brain does incredible things," said Matt Angle, CEO and founder of Paradromics, in an interview with CNBC Tech: The Edge. The trial would follow competitor Neuralink, which implanted a chip into a patient's brain in March this year. "Paradromics' mission is to transform otherwise untreatable health conditions in brain health into solvable technology problems. "Paradromics can take the science and apply the right engineering to get us from research to medical device," he added. "We see that the first million people to get brain computer interfaces are going to be getting them to treat severe medical conditions," Angle said.

Persons: Matt Angle, Elon Musk, Angle, Vikash Gilja, Gilja, we're Organizations: CNBC Tech, CNBC Locations: Austin , Texas

☆ Asia's answer to Chipotle is now a $1.5 billion public company
▼ + stars: | 2024-06-20 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +4 min

Read previewAsia's version of Chipotle — a Mexican fast-casual chain called Guzman y Gomez — just went public in Australia. The initial public offering brings GYG's valuation to 2.2 billion Australian dollars, or $1.47 billion. The US-based Mexican fast food chain is valued at $94 billion and posted a revenue of nearly $10 billion last year. Chipotle owns and operates all of its restaurants, unlike GYG, which follows a franchise model. They are only available to institutional investors, eligible employees and franchise holders, and retail clients of brokerages who have been allocated GYG shares, the company said in a pre-IPO release.

Persons: —, Guzman y Gomez —, GYG, Steven Marks, Marks, Chipotle, Michael Hutchens, didn't, Hutchens, brokerages Organizations: Service, Australian Securities Exchange, Business, Morningstar, Growth Partners, Barrenjoey, Cooper Investors, Hyperion Asset Management, Firetrail Investments, QVG Locations: Mexican, Australia, Sydney, Singapore, Japan, North America, Europe

☆ Inside Paradromics, the Neuralink competitor hoping to commercialize brain implants before the end of the decade
▼ + stars: | 2024-06-20 | by ( Maria Gomez De Sicart | ) www.cnbc.com time to read: +4 min

We're fundamentally building a medical device to serve unmet needs. What that does is it allows us to connect to the brain and receive data from the brain. And so Paradromics can take the science and apply the right engineering to get us from research to medical device. I work on developing processes or selecting the materials that we would like to use to build our cortical module, which is the brain implant portion of our system. We see that the first million people to get brain computer interfaces are going to be getting them to treat severe medical conditions.

Persons: Matt Angle, Paradromics, They're, I'm, Kimiko Nakajima, we're Organizations: BCI

☆ Shares of Australian fast-food chain Guzman y Gomez soar 39% on trading debut
▼ + stars: | 2024-06-20 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

An exterior view of the Guzman Y Gomez Mexican Kitchen on June 13, 2024 in Port Macquarie, Australia. Mexican-themed fast-food chain Guzman y Gomez made a stellar debut on the Australian Stock Exchange on Thursday, with its shares soaring as much as 39.1%. Guzman y Gomez, which first announced its IPO on May 31 with an offer size of 11.1 million shares, upsized it to 15.3 million shares, raising AU$335.1 million. Guzman y Gomez's IPO is Australia's largest since chemical distributor Redox's offering in July 2023 and the fourth offering above $100 million in the past two years, according to Bloomberg. Barrenjoey and Morgan Stanley were the joint bookrunners for Guzman y Gomez's IPO.

Persons: Guzman Y Gomez, Guzman y Gomez, Guzman y, Barrenjoey, Morgan Stanley, Guzman Organizations: Australian Stock Exchange, Capital Research Global Investors, Bloomberg, Guzman y Locations: Port Macquarie, Australia, Sydney, Singapore, Japan, United States

☆ CNBC Daily Open: Le Pen's 28-year old protégé
▼ + stars: | 2024-06-20 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. China holds rates, stocks dipMarkets in the Asia-Pacific region were trading mostly lower after the People's Bank of China held interest rates unchanged. Russia-North Korea partnershipRussia and North Korea signed a "comprehensive strategic partnership" deal on Wednesday, including a mutual defense pact, during President Vladimir Putin's first state visit to North Korea in 24 years. Musk clarifies remarksElon Musk attempted to clarify his controversial remarks after advertisers threatened to leave X. Musk previously told advertisers to "go f--- yourself."

Persons: Hai Precision Industry —, Foxconn —, Australia's, Guzman Y Gomez, Vladimir Putin's, Putin, Kim Jong Un, CNBC's Holly Ellyatt, Elon Musk, Musk, Goldman Sachs Organizations: New York Stock Exchange, CNBC, People's Bank of China, CSI, Hai Precision Industry, Nikkei, of England, Cannes Lions Locations: New York City, China, Asia, Pacific, Seng, Taiwan, Russia, North Korea, Ukraine, Cannes, France, Europe

☆ The Radar – The Athletic’s Copa America 2024 scouting guide
▼ + stars: | 2024-06-17 | by ( The Athletic Staff | ) www.nytimes.com time to read: +3 min

Gomez is known as ’El Capitan’ and, rather more evocatively, as ’The Marshal’ or ’The Spartan’. Europe’s loss has been South America’s gain, for Gomez has consistently been among the continent’s best defenders over the last six years. He has led the club to eight trophies since taking the armband in 2020, including back-to-back successes in the Copa Libertadores. ”I’ve never worked with a man of such character,” Palmeiras coach Abel Ferreira said in August. He is an outstanding player and the best captain Palmeiras could have.”That level of appreciation is echoed in the Paraguay set-up.

Persons: you’re, Paraguay’s Gustavo Gomez, ’, Gomez, El, El Capitan ’, Thiago Silva, ” I’ve, ”, Abel Ferreira, Cristiano Ronaldo’s, I’ve, Fabian Balbuena, ” Jack Lang Organizations: El Capitan, South American, Libertad, Lanus, Primera Division, AC Milan, Palmeiras, Copa Libertadores, ” Palmeiras Locations: Argentina, Brazil, Sao Paulo, Paraguay

☆ More millennials are financially secure than you think, and some are stepping in to support parents and older family members
▼ + stars: | 2024-06-17 | by ( Sophia Acevedo | ) www.businessinsider.com time to read: +5 min

Younger generations sometimes rely on family for financial support, but the opposite is also true. Gomez liquidated his assets and gave money to his dad to help pay off the loans. Hughes also sets aside some money each year for a fund to help other family members. "I would fund an account at the beginning of the year, and then if anyone in the family asked me to borrow money, it would come out of the family fund," Hughes said. "If they paid it back, it would go back into the family fund," Hughes said.

Persons: Millennials, —, Zers, they're, Jose Gomez, Gomez, Steven M, Hughes, he's, Z, Britni, Cartwright, wasn't, She's Organizations: Service Locations: United States

☆ As Social Security faces looming fund depletion, there's fierce debate over whether a commission can help
▼ + stars: | 2024-06-15 | by ( Lorie Konish | ) www.cnbc.com time to read: +9 min

"A vote for a commission is a vote to cut Social Security," the man shouted before he was escorted off the floor. How the last major reforms, in 1983, came togetherPresident Ronald Reagan signs the Social Security Act Amendment into law on April 20, 1983. The changes involved taxes on Social Security benefits, increases to payroll tax rates, a future increase to the retirement age and a near-term postponement of cost-of-living adjustments. Social Security Commission Chairman Alan Greenspan, left, shakes hands with Sen. Charles Grassley, R-Iowa, prior to a Social Security hearing on Feb. 15, 1983. Lawmakers divided on best path forwardToday, lawmakers are divided on the best path forward to address Social Security.

Persons: —, Scott Peters, Peters, Bill Huizenga, Joe Manchin, Mitt Romney, — Rep, John Larson, Connecticut —, It's, " Larson, Larson, Nancy Altman, Ronald Reagan, Alan Greenspan, Greenspan, Jim Baker, Reagan, Tip O'Neill, Robert M, Ball, O'Neill, Sen, Charles Grassley, Bob Dole, John Danforth, Altman, Bruce D, Schobel, Elizabeth Warren, Bernie Sanders, California —, they're, Hakeem Jeffries, Conn, Brian Higgins, Jimmy Gomez, Jeffries, Dan Kildee, Richard Neal, Tom Williams Organizations: iStock, Social, Social Security, AARP, CNBC, Rep, Democratic, Corbis, National Commission, Social Security Reform, Greenspan, Federal Reserve, House, White, Finance, Economic Policy Institute, Republican, Greenspan Commission, Senate Finance, Bettmann, Getty, Congress, Democratic House, White House, Democrats, Security, Capitol Visitor Center, CQ, Inc Locations: Sens, R, Utah, Connecticut, Massachusetts, Iowa, California, D

☆ America's biggest companies are offering more paid parental leave for dads
▼ + stars: | 2024-06-14 | 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 EmailAmerica's biggest companies are offering more paid parental leave for dadsCompanies are becoming more generous with paid parental leave for secondary caregivers, typically fathers, according to data analyzed by JUST Capital for CNBC. Ahead of Father's Day, CNBC's Brandon Gomez takes a look at which American companies offer the most generous paid leave for new parents.

Persons: CNBC's Brandon Gomez Organizations: Companies, JUST Capital, CNBC

☆ Brain science start-up Neuroelectrics uses electricity and a headcap to reduce seizures in patients with epilepsy. Now it needs FDA approval
▼ + stars: | 2024-06-14 | by ( Cristy Garratt Maria Gomez De Sicart | Cristy Garratt | Https | ) www.cnbc.com time to read: +1 min

High up in the hills of Barcelona, brain science start-up Neuroelectrics is developing therapies that it says will improve the lives of people living with brain disease. Its main product is a headcap, which monitors the brain's electrical activity and stimulates regions of the brain with mild electrical currents. Co-founder and CEO Ana Maiques believes it will significantly improve the lives of people suffering with epilepsy. In addition to epilepsy, Maiques and her team are optimistic that the headgear can also be used to treat depression and Alzheimer's. So, when you have epilepsy, you have an electrical discharge in one area of your brain, so they can really target and help them," said Roser Sanchez-Todo, R&D director for Neuroelectrics' brain modelling department.

Persons: Ana Maiques, Maiques, Roser Sanchez, Neuroelectrics Organizations: CNBC Tech, U.S . Food, Drug Administration Locations: Barcelona

☆ Weight loss boom is spurring sales of protein, meal replacement products, Vitamin Shoppe CEO says
▼ + stars: | 2024-06-11 | by ( Brandon Gomez | ) www.cnbc.com time to read: +2 min

"It's a time of meaningful evolution," said The Vitamin Shoppe CEO Lee Wright in the company's annual report. The weight loss boom is pushing consumers to spend more on protein supplement products. The Vitamin Shoppe reported a 10% sales bump in ready-to-drink protein beverages in 2023 versus the prior year. Wright expects the customer base for weight loss products to triple as more Americans try to lose weight. The Vitamin Shoppe also launched its own telehealth service in early May, "Whole Health Rx," which includes access to branded and compounded GLP-1 weight loss drugs.

Persons: Wright, CNBC's Squawk, Lee Wright, nutritionists

☆ What Gen Z gets wrong about work
▼ + stars: | 2024-06-10 | by ( Clay Routledge | ) www.businessinsider.com time to read: +11 min

Gen Z wants to talk about mental health. In a 2023 survey of nearly 3,000 people, Gen Z was almost twice as likely as other generations to say they struggled with their mental health. Related storiesA healthy work environment is one where people feel supported and encouraged to do meaningful work — not one that fixates on their mental health. What does have a tangible impact on people's well-being at work is whether they find their work meaningful. Instead, employers should ensure their staff have access to mental-health care while building a positive culture that promotes meaningful work.

Persons: Z, Gen Z, Gen Zers, Selena Gomez, Simone Biles, Demi Lovato, they've, They've, Mercer, isn't, Gallup, Severance, it's, There's, I've, Clay Routledge Organizations: US Chamber of Commerce, American Psychiatric Association, CVS, Harris, CNN, National Alliance, Mental, Workers, Research, Archbridge Institute

European Union Parliament Election 2024: Live ResultsThe first countries are now reporting national estimates. The first overall estimate of parliament seat counts are expected after 2:15 p.m. Eastern. No results EPP S&D Renew ECR Greens ID Left Other No results Greens EPP ID S&D Renew Left Other ECR EPP S&D Renew ECR Greens ID Left Other No results Note: Country-level seat counts are estimates based on available exit polls and other non-official data from member states. Projection of overall seats by group The first overall seat count projection will be available after 2:15 p.m. Eastern. Group Seats Seats 0 0 0 0 + Show more * Newly elected members not allied to any of the political groups in the outgoing parliamentElection results are announced country by country, and voting is organized according to national rules.

Organizations: Union, EPP, Greens, Left, The New York Times

We'll show you everything you need to know about how to get UFC 303 tickets to see McGregor vs. Chandler in action, in person. We've got you covered if you're looking to find UFC 303 tickets. How to get UFC 303 ticketsOriginal standard UFC 303 tickets are sold on AXS. How much are UFC 303 tickets? UFC 303 fight cardUFC 303 is shaping up to be a can't-miss event, with several highly-anticipated fights spread across the evening.

Persons: Conor McGregor, Michael Chandler, We'll, McGregor, Chandler, Dustin Poirier, Poirier, It's, We've, StubHub, AXS, Jamahal, Carlos Ulberg, Mayra Bueno Silva, Macy Chiasson, Joe Pyfer, Marc, André Barriault, Cub Swanson, Andre Fili, Charles Jourdain, Jean Silva, Payton Talbott, Yanis Ghemmouri, Michelle Waterson, Gomez, Gillian Robertson, strawweight, Andrei Arlovski, Martin Buday, Rei Tsuruya, Carlos Hernandez, Ricky Simon, Vinicius Oliveira Organizations: Business, UFC, Mobile Locations: Las Vegas , Nevada

No results Tie Win Lead Win Lead Win Lead No results N.D.A. Win Lead Win Lead Win Lead Other INDIA N.D.A. Win Lead Win Lead Win Lead INDIA Other N.D.A. Win Lead Win Lead Win Lead Other N.D.A. Win Lead Win Lead INDIA Win Lead

Persons: Narendra Modi, Modi’s Organizations: N.D.A, INDIA Modi’s, Modi’s Bharatiya Janata Party, Party Coalition Locations: India, N.D.A

2024 Mexico Presidential Election: Live ResultsThe first preliminary results are expected after 10 p.m. Eastern. % Seats Morena and Allies 0 0.0 % Strength and Heart for Mexico 0 0.0 % Citizens’ Movement 0 0.0 % Note: Vote counts and vote share percentages are preliminary. On election night, preliminary results will be provided in real time. Máynez Gálvez Sheinbaum Tie No results Máynez Gálvez Sheinbaum Tie No results Máynez Gálvez Sheinbaum Tie No results No results Sheinbaum Gálvez Tie MáynezAs Mexico heads to the polls, voters are deeply concerned about rising cartel violence, which has emerged as a top election issue. Results by StateThe table below shows preliminary results from the June 2 election in each state grouped by the winner of the last general election.

Persons: Andrés Manuel López Obrador’s Organizations: Party, ’, National Electoral Institute Locations: Mexico, Guanajuato

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