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Vice President Kamala Harris called the rate cut “welcome news,” while former President Donald Trump suggested, without evidence, that the decision could be politically motivated. With less than 50 days until Election Day, another question has emerged: Will the rate cut matter to voters? In fact, they already have – mortgages are based on bond yields, which have fallen in recent weeks in anticipation of a rate cut. Harris responded to the rate cut by saying she’s focused on bringing down prices. This story has been updated with reaction to the Fed’s rate cut announcement.
Persons: Biden, Joe Biden, Ukraine —, , , , ” Biden, Kamala Harris, , Donald Trump, Zoila Sanchez, CNN’s John King, ” Sanchez, King, ” Homebuyers, Powell, Jason Furman, Barack Obama’s, “ It’s, ” Furman, George H, Bush, Bill Clinton’s “, , Clinton, Aaron Klein, ” Klein, Harris, she’s, Trump, they’re, ” Trump, Steve Moore, Powell sanctimoniously, ” Moore, ” Powell, Moore Organizations: CNN, Reserve, White House, Economic, of Washington, Financial, St, Louis Federal Reserve, Brookings Institution, , Biden, Fed, SPAN Locations: trillions, Ukraine, Nevada, New York
In those ancient times, tech companies embraced remote work as an unstoppable innovation revolution. Remote work benefitsRemote work supports a more diverse employee base by helping companies hire more easily in different locations. In December, she described a study that found collaborating in person produced more breakthroughs than remote work. The truth is that in-office work is a shibboleth. But Benioff is at least admitting the reality of how employees work in the modern world.
Persons: , Marc Benioff, they're, Andy Jassy, Insider's Aki Ito, Jassy, Goldman Sachs, David Solomon, Solomon, James Hamilton, he'd, I've, it's Organizations: Service, Amazon, Business, Google, Jassy's AWS, BI, Employees, Hamptons, Bloomberg, Fortune, Starbucks, Staff Locations: Seattle, Hawaii
A fed rate cut will boost hiring in Big Tech, but firms will be cautious, HR experts told BI. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementThe jumbo-sized Federal Reserve interest rate cut Wednesday is bound to impact everything from home prices to new-car loans to hiring in the hard-hit tech sector. But while the cut — the first in four years, and by a whopping 50 basis points — is likely to boost hiring, experts told Business Insider that Big Tech companies will likely be cautious. This story is available exclusively to Business Insider subscribers.
Persons: , Adam Stafford Organizations: Big, Service, Big Tech, Business Locations: Big Tech
I turn 40 next March, so I'm at the age where I'm relatively often asked when I'll have kids. I'm childless because of my choices, and I'm happy this wayI say I'm not childless by choice, but I'm happily childless by the choices I've made in life. AdvertisementJodie Humphries is child-free and wishes people would stop telling people she'll regret not having kids. Courtesy of Jodie HumphriesI don't think people should assume women will regret not having kidsThose same older female relatives will say I'll regret not having my own children. Having kids isn't a duty I need to fulfill as a woman; it should be a decision made thoughtfully and wholeheartedly.
Persons: , Jodie Humphries, I'm, haven't, I've, it'd, I'd, that's, We've, don't Organizations: Service, Business
Read previewFor Wall Street, policy — not politics — is the motto leading up to November. Death and taxesUnsurprisingly, tax policy is at the top of money managers' minds, according to Frank Kelly, senior political strategist at DWS. The filibusterThere's an under-the-radar issue keeping portfolio managers up at night: the elimination of the filibuster, according to Kelly's conversations with clients. Wall Street analysts expect a very close election, and even a minute change could be enough to push the needle on the outcome for either candidate. Given how important gridlock is to the market, there's not enough conversation around the impacts of eliminating the filibuster, Kelly believes.
Persons: , Kamala Harris, Donald Trump, DWS, Frank Kelly, Harris, Trump, David Bianco, Bianco, Goldman Sachs, Chuck Schumer, Kelly, Monica Guerra, Morgan Stanley, Morgan Stanley Wealth Management's, it's, Jack Ablin, Washington doesn't Organizations: Service, Asset Management, Business, Trump, Jobs, DWS, Wall Street, Morgan Stanley Wealth, Cresset Capital Management, White, Washington, Democrats, Republicans Locations: DWS Americas
New York Democrats offered a wide array of excuses for their disastrous 2022 midterms, when Republicans flipped four seats outside New York City on their way to winning a narrow US House majority. Now, less than two months out from the 2024 general election, the state party, its campaign season allies, chastened candidates and Gov. D’Esposito is one of five New York GOP freshmen facing an onslaught from Democrats determined to claw back suburban voters. “New York is the reason Democrats lost the House in 2022,” said Pamela Shifman, president of the Democracy Alliance, a liberal group spending big in New York this year. “There’s more focus than there was the last couple cycles, both from the state party, but also obviously the national committees,” the strategist said.
Persons: Kathy Hochul, Donald Trump’s, Anthony D’Esposito’s, Laura Gillen, Joe Biden, Gillen, Marc Molinaro, Mike Lawler, Nick LaLota, Brandon Williams, Kamala Harris, , Pamela Shifman, Nancy Pelosi, Pelosi, , Jay Jacobs, ” Hochul, Andrew Caballero, Reynolds, Ana María Archila, Archila, Trump, Hakeem Jeffries, Jeffries, Kirsten Gillibrand, Lizzy Weiss, Hochul, Andrew Cuomo, Tom Suozzi, Republican George Santos, Gabby Seay, Chip Somodevilla, “ Jeffries, “ He’s, Seay, Michael Bloomberg, Elizabeth Frantz, Lawler, Sean Patrick Maloney, Mondaire Jones, ” Lawler, Jones, Roe, Lee Zeldin, Riley Gaines Organizations: CNN, New York Democrats, Republicans, Gov, Democratic, Republican Rep, New York GOP, Trump, Democracy Alliance, Politico, Democratic National Convention, New, Getty, Families Party, Democratic Congressional, Committee, New York’s, Republican, , Capitol Visitor Center, GOP, PAC, New York Fund, Empire, New York, Congressional, Democrats, Rep, , Working, Party, US, Wade, Convention Locations: New York City, Long, York, Hudson, Central New York, “ New York, New York, Chicago, AFP, Washington ,, strategizing, strategize, Gaza, Suozzi, Hudson Valley, State
New York CNN —Wednesday is National Cheeseburger Day, with some of the biggest chains offering some much-needed discounts amid consumer complaints about rising prices. It’s part of company’s string of deals to kickstart slumping sales, including recently extending its popular $5 value meal until December. Fast food has been a low-profit margin business with little customer loyalty. McDonald’s pricey burgers have become a flashpoint of criticism and a symbol of elevated fast food prices. So deals are particularly crucial to fast food companies at the moment to lure customers back.
Persons: they’re, Burger King, Jack, Jack ” cheeseburger, , Joe Erlinger Organizations: New, New York CNN, Wednesday, McDonald’s Locations: New York, White, McDonald’s USA
Read previewThe bosses of big US companies are over hybrid work. Adding to the anti-remote vibes: a new snapshot of CEO sentiment that shows Jassy isn't alone in saying "so long, hybrid." About one in three CEOs said retirements and a lack of skilled replacements would have a big effect on their company. Only 54% of CEOs reported that their companies were "well-prepared" for a cyber attack. "The people that have generative AI and AI skills are going to have a big advantage in the marketplace over those that don't," he said.
Persons: , Andy Jassy, Jassy isn't, Paul Knopp, Amazon's, Knopp, there's, I'm, Nicholas Bloom, Bloom, Z, GenAI, what's Organizations: Service, Amazon, KPMG US, Business, IRL, Stanford, BI, GenAI Locations: upskilling
Unlike previous years, when the Pro was clearly more updated than lesser models, the basic iPhone 16 has more notable upgrades. The iPhone 16 comes with the customizable Action button that was previously exclusive to iPhone 15 Pro models. AdvertisementThe iPhone 16 starts at $799, and the iPhone 16 Plus costs about $899. "The key factor is the lower-than-expected demand for the iPhone 16 Pro series," he wrote. The iPhone 16 and iPhone 16 Plus come in five colors: ultramarine, teal, pink, white, and black.
Persons: , Pro Max, bode, Cherlynn, Nilay Patel, Chi Kuo, Kuo, Siri, Max, Allison Johnson Organizations: Service, Pro, Business, Apple, Apple Intelligence Locations: Taiwan
If you don't recognize the brand's name, you might know its iconic grooved aluminum luggage. LVMH acquired the now-126-year-old German company in 2016Hugues Bonnet-Masimbert, CEO of Rimowa, told BI that the company's buyers are split evenly between male and female. Brittany Chang/Business InsiderRimowa gave rise to two of the largest hard-shelled luggage trends when it debuted its aluminum luggage in the 1920s and its polycarbonate options eighty years later. (Hugues Bonnet-Masimbert, CEO of Rimowa, told BI that the company is constantly monitoring and improving its quality.) Brittany Chang/Business InsiderJust don't bring your luggage in for repairs when it inevitably gets scuffed up.
Persons: , John Baptist's, he's, Martha Stewart, Rodger Federer, Billie Eilish, Baptist, John Baptist It's, LVMH, Hugues Bonnet, Brittany Chang, Louis Vuitton, Tiffany, Bernard Arnault's, Rimowa, they've, Tania Antonenkova, Tania Antonenkova Tania Antonenkova, Birkin, she's, Antonenkova, Carter Smith, Smith, doesn't, Haines, Masimbert, Vanessa Garoute, Garoute, Vanessa Garoute Garoute, — she's, you'll, Jane Birkinifying Organizations: Service, Business, York City Locations: Los Angeles, China, Europe, Asia, North America, Germany, Miami, Vegas, France, Rimowa's, York
Gavin Newsom signed two bills Tuesday aimed at protecting actors and other performers from unauthorized use of their digital likenesses. A lot of dreamers come to California, but sometimes they’re not well-represented,” Newsom said in a video shared on social media Tuesday. The union has strongly advocated for the new laws, along with other protections for actors and other performers surrounding AI. In July, Hollywood video game performers voted to strike over continual AI concerns. “But AI is about to explode, and in a way that we have no idea what the consequences are.”
Persons: Gavin Newsom, Newsom, ” Newsom, we’re, Fran Drescher, Drescher, , , Drake, Tupac Shakur’s, , AFTRA, Tom Hanks, Scarlett Johansson, Mark Ruffalo, ” Ruffalo Organizations: SAG, Hollywood Locations: California, Silicon
One out of 4 of the 31,000 homeowners in the coastal parish live there without homeowners insurance — one of the highest percentages in the United States. Across the country, 13.4% of homeowners — about 1 in 8 — are unprotected by homeowners insurance, according to an NBC News analysis of new Census Bureau data. It’s a double-edged sword.”The Census Bureau data shows how many homeowners pay less than $100 — or nothing at all — for homeowners insurance. According to the Census Bureau survey, which was taken in 2023, 20.8% of homeowners without mortgages also lack meaningful homeowners insurance. Among mortgage-holders, 8.5% don’t have meaningful homeowners insurance — and while banks require owners with mortgages to have homeowners insurance, gaps in coverage do happen.
Persons: Hurricane Francine, , , Shannon Martin, you’re, Martin, ” Martin, Mark Friedlander, ” Friedlander, There’s, Daryl Fairweather, Redfin’s, ” Fairweather Organizations: NBC, Bankrate, Insurance Information Institute, “ Insurance Locations: Louisiana’s Terrebonne Parish, United States
In today’s edition, reporter Curtis Bunn brings us a dispatch from Kamala Harris' interview with members of the National Association of Black Journalists. Plus, national political reporter Ben Kamisar breaks down where third-party candidates are appearing on the ballot in key battlegrounds. Read more from Curtis →Focus returns to Springfield: Harris also ripped Trump’s repeated bashing of Haitian immigrants in Springfield, Ohio, in the NABJ interview, saying he was “spewing lies grounded in tropes.”“It’s a crying shame. After having spent millions to get on state ballots, Kennedy has tried to pull back since he endorsed Trump. And there are still other third-party candidates, including some familiar faces and some new ones, whose presence on key state ballots could affect the November results.
Persons: Curtis Bunn, Kamala Harris, Ben Kamisar, Harris, Tonya Mosley, Gerren Keith Gaynor, TheGrio, Eugene Daniels, Mosley, , ” Harris, Donald Trump, Read, Curtis →, Trump, Sen, JD Vance, Ohio, , Springfield Mayor Rob Rue, Jiachuan Wu, Robert F, Kennedy Jr, Kennedy, Kennedy hasn’t, don’t, Joe Biden Organizations: NBC, White House, Capitol, National Association of Black Journalists, Curtis Bunn PHILADELPHIA, NPR, Politico, Biden, Springfield Mayor, Trump Locations: Gaza, Israel, Chicago, Springfield, Springfield , Ohio, North Carolina, Michigan, Wisconsin, Arizona, Pennsylvania, Nevada, Michigan , Wisconsin
Experts say that taking care of suede is easier than you might think — as long as you know what to do. SKIP AHEAD How to protect suede | How to clean suede | When to take your suede to a professional cleanerHow to protect suedeThe first step to caring for suede is to learn how to protect it. Suede protector sprays can easily be found at retailers like Amazon, Walmart and Target and must be reapplied regularly to maintain effectiveness. Brushing suede is good for maintenance, but if you spot a stain on your suede, you’ll need to go a step further. Best suede brushesBest suede erasersWhen to take your suede to a professionalOops — you got caught in a rainstorm with your suede boots on or spilled a cup of coffee on your favorite suede armchair.
Persons: suede, it’s, Eric Neuner, Suede, , Simon Elliott, They’re, Elliott, Salvador Villarreal, , Salvador, Bethany Heitman, TikTok Organizations: suede, Walmart, Target, NBC, Clifton, Salvador Villarreal, Facebook, Twitter Locations: San Diego , California
Days after returning to Earth, the four civilian crew members of the Polaris Dawn mission opened up about their experience seeing the planet from orbit, floating in weightlessness and conducting the world’s first all-civilian spacewalk. “The perfection of what you’re looking at is just awe-inspiring,” Poteet said, recalling the views of sunrises and sunsets out the window of their SpaceX Crew Dragon capsule. The crew spent two-and-a-half years training for the Polaris Dawn mission, which included choreographing and rehearsing each step of the spacewalk. (The crew members also raised money for St. Jude Children’s Research Hospital during their time in orbit.) He said the larger goal for both SpaceX and the Polaris program is to eventually make humans a multiplanetary species.
Persons: NBC’s Lester Holt, Jared Isaacman, Scott “ Kidd ” Poteet, Sarah Gillis, Anna Menon —, ” Poteet, Lester Holt, Isaacman, ” Isaacman, , Gillis, “ It’s, , Poteet, Menon, choreographing, Jude Children’s, Van Allen Organizations: Polaris, NBC, Air Force, SpaceX, St, Jude Children’s Research Hospital Locations: Gulf of Mexico, Florida
But a series of data points showing worsening economic conditions has made some analysts believe a 0.5% cut is more likely — and perhaps even necessary. “We do not seek or welcome further cooling in labor market conditions,” Fed Chair Jay Powell said in a speech last month. “A (0.5%) cut is usually done in emergencies,” like the Covid-19 pandemic, said Mark Zandi, chief economist at Moody’s financial group. Mortgage interest rates have hit their lowest level since February 2023, while auto loan rates are also falling. A 0.5% cut would more directly affect rates tied to the fed funds rate, including credit cards, home equity lines of credit and small-business loans.
Persons: Steve Liesman, Jay Powell, Bill Dudley, ” Dudley, Preston Mui, Mui, , , Mark Zandi, Greg McBride, ” McBride Organizations: Federal, CNBC, Wall, Minneapolis Federal Reserve, Federal Reserve Bank of New, Bloomberg News, Fed, Bankrate Locations: Minneapolis, Federal Reserve Bank of New York, America
Based on the Boston Globe and Wondery podcast “Gladiator: Aaron Hernandez and Football Inc.” and adapted by Stuart Zicherman, “American Sports Story,” which premieres Tuesday on FX, chronicles Hernandez’s meteoric rise to NFL superstardom and his stunning fall from grace after his arrest and eventual conviction of first-degree murder in 2015. Aaron Hernandez was a monster, a killer — and that’s just the way people talked about him. Michael DeHoog / Getty Images fileIn the years since his death, Hernandez’s sexuality has been the subject of much speculation, with some of his loved ones claiming he had come out as gay. “A person struggling with his sexuality in the NFL when Aaron played in 2010, 2011, would not have been tolerated, not one bit,” Zicherman said. Josh Rivera as Aaron Hernandez in "American Sports Story: Aaron Hernandez."
Persons: Aaron Hernandez, Odin Lloyd, Ryan Murphy’s buzzy, Stuart Zicherman, NFL superstardom, Hernandez, that’s, ” Zicherman, , Zicherman, Josh Andrés Rivera, , ” Murphy, Nina Jacobson, Brad Simpson, O.J, Simpson, Gianni Versace, Clinton, Lewinsky, , Hernandez’s, ” Rivera, Steven Spielberg’s, ” Aaron Hernandez, Michael DeHoog, Dennis SanSoucie, Aaron, Chris, Jake Cannavale, Shayanna Jenkins, Jaylen Barron, must’ve, Rivera, Hernandez “, SanSoucie, Josh Rivera, Eric Liebowitz, FX Rivera, I’m, it’s, doesn’t Organizations: New England Patriot, Boston Globe, Football Inc, NFL, NBC News, Boston, , NBC Locations: Boston, Massachusetts, Jacksonville, Fla, Florida
OceanGate CEO Stockton Rush, left, and pilot Randy Holt dive in the company's submersible Antipodes in 2013. But Rush still had him inspect the Titan as it was nearing completion in early 2018, Lochridge said. The five people killed when the Titan submersible imploded in June 2023, clockwise from top left: Hamish Harding, Paul-Henri Nargeolet, Stockton Rush, and Suleman and Shahzada Dawood. Lochridge testified Tuesday that he told Rush he shouldn't be in charge of that trip, but the CEO was adamant. (The submersible had gained attention when it was unveiled the previous year because it used a PlayStation controller for piloting.)
Persons: David Lochridge, OceanGate, Lochridge, Rush, Randy Holt, Wilfredo Lee, Andrea Doria, Stockton, Hamish Harding, Paul, Henri Nargeolet, Shahzada Dawood, Dawood, Tony Nissen, Nissen, , shouldn't Organizations: Stockton Rush, U.S . Coast Guard, Coast Guard's Marine Board, Justice Department, Titan, Getty, LinkedIn, Coast Guard, Rush, PlayStation, Occupational Safety, Health Administration, OceanGate Locations: U.S, Washington, South Carolina, Scotland, Massachusetts
The vaccines you need to know about before you travel
  + stars: | 2024-09-17 | by ( Lisa Kjellsson | ) edition.cnn.com   time to read: +12 min
Norlys Perez/ReutersUntil recently, there wasn’t a widely available dengue vaccine for travelers. But according to Dr. Nicky Longley, consultant in infectious diseases and travel medicine at The Hospital for Tropical Diseases (HTD) at University College London Hospitals, dengue vaccination is not quite the silver bullet travelers had hoped for. One traveler who welcomes the arrival of the new Qdenga vaccine is UK-based travel writer Chris Dwyer. Which vaccines do you need? Adults are advised to keep a record of their immunizations and when they need to be boosted.
Persons: Yasuyoshi Chiba, Norlys Perez, Dengvaxia, Nicky Longley, haven’t, , ” Longley, Chris Dwyer, Dwyer, Qdenga, ” Dwyer, vaccinates, Sia Kambou, , Longley, “ It’s, Anniina Sandberg, Sandberg, didn’t, Martin Harvey, HTD’s Longley, wasn’t, Tick Organizations: CNN, Hatta International Airport, Getty, Health Organization, WHO, US Centers for Disease Control, Prevention, Reuters, European Union, The, University College London Hospitals, Malaria, Natives, TBE, CDC Locations: Sweden, Asia, Thailand, Pakistan, Philippines, Soekarno, Tangerang, Indonesia, AFP, Cuba, Europe, United States, Malaysia, Abidjan, West Africa, South Sudan, Ivory, Finnish, Africa, Tanzania, Tanzanian, South Africa, Helsinki, Finland, Americas
This is one of them: Drinking several cups of caffeinated coffee or tea a day may protect against Type 2 diabetes, coronary heart disease and stroke. They also looked at responses from about 172,000 people who specified that they drank caffeinated coffee or tea. None of them had a history of cardiometabolic disease — defined by a diagnosis of at least two of the three conditions: Type 2 diabetes, coronary heart disease or stroke — when the study began. And among those who did eventually develop cardiometabolic disease, drinking moderate amounts of coffee every day was still associated with lower risk of developing another cardiometabolic disease. Studies have also shown a link between high caffeine intake and a greater risk of dementia and stroke.
Persons: , Chaofu Ke, ” Ke, Luke Laffin, , Laffin, , ” Laffin, Stephen Kopecky, ” Kopecky, It’s, Kopecky Organizations: Soochow University, Center, Cleveland Clinic, Mayo Clinic Locations: China, Sweden, Rochester , Minnesota
Zimbabwe plans to cull 200 elephants to feed communities facing acute hunger after the worst drought in four decades, wildlife authorities said on Tuesday. “We can confirm that we are planning to cull about 200 elephants across the country. We are working on modalities on how we are going to do it,” Tinashe Farawo, Zimbabwe Parks and Wildlife Authority (Zimparks) spokesperson, told Reuters. It follows neighboring Namibia’s decision last month to cull 83 elephants and distribute meat to people impacted by the drought. The numbers are just a drop in the ocean because we are talking of 200 (elephants) and we are sitting on plus 84,000, which is big,” he said.
Persons: El, Tinashe, Farawo, , Organizations: Zimbabwe Parks and Wildlife Authority, Reuters, Zimbabwe, International Trade Locations: Zimbabwe, Africa, Tinashe Farawo, Hwange, Chiredzi, Zambia, Botswana, Angola, Namibia,
It’s official — Amazon’s October Prime Day sale, Prime Big Deal Days, is happening on Oct. 8 and 9. Is Prime Big Deal Days different from Prime Day? Other than the timing of the sales — Prime Big Deal Days in October and Prime Day in July — the sales are not much different. How do you sign up for a Prime membership before Prime Big Deal Days 2024? In addition to numerous sales stories, I wrote NBC Select’s history of Amazon Prime Day and Prime membership guide.
Persons: we’ve, We’ll, TikTok Organizations: Deal, Amazon, October’s, NBC, Amazon Prime, Young, Foods, Retailers, Walmart, Target, Big Deal, Facebook, Twitter Locations: Australia, Austria, Belgium, Brazil, Canada, France, Germany, Italy, Japan, Luxembourg, Netherlands, Poland, Portugal, Singapore, Spain, Sweden, United Kingdom, Turkey, United States
Third-party candidates have played a big role in deciding key presidential battleground states in the last few years — meaning which (and how many) candidates will actually be on the ballot state by state could matter a lot in a close election. After spending millions to get on state ballots, Kennedy has attempted to pull back since endorsing former President Donald Trump. And there are still other third-party candidates, including some familiar faces and some new ones, whose presence on key state ballots could affect the November results. In 2016, 6% of all voters cast votes for third-party candidates, a dynamic that helped to lower the share of the vote Trump needed to win in key battleground states. But this is where third-party candidates’ battleground ballot access efforts stand at the moment.
Persons: Robert F, Kennedy Jr, Kennedy, Donald Trump, Trump, don’t, Joe Biden, eke Organizations: Democratic, Trump, Libertarian Locations: North Carolina, Michigan, Wisconsin, Arizona, Pennsylvania, Nevada
PHOENIX — Members of an Arizona tribe are trying to persuade a federal judge to extend a temporary ban on exploratory drilling for a lithium project near lands they have used for religious and cultural ceremonies for centuries. The case is among the latest legal fights pitting Native American tribes and environmentalists against President Joe Biden’s administration as green energy projects encroach on lands that are culturally significant. The springs have served as a place of healing and prayer for generations, the tribe has said in court filings. Federal land managers also are expected to issue a draft environmental review of a lithium mine planned by Australian company Ioneer Ltd. between Reno and Las Vegas. Backers of Arizona Lithium’s project include the Navajo Transitional Energy Company, which announced its plans in 2022 to join with the Australian company and work as a contractor on the project.
Persons: Joe Biden’s, Thacker, Ha’Kamwe ’, , NTEC, Hualapai Organizations: PHOENIX, of Land Management, Arizona Lithium Ltd, Ioneer, Center for Biological Diversity, Mining, Historic Preservation, Environmental, Government, Navajo Transitional Energy Company Locations: Arizona, U.S, Phoenix, Las Vegas, Nevada, Oregon, Reno, Sandy, Colorado
This has renewed focus on China's homegrown efforts to rival Nvidia and create semiconductors that can underpin the world's second-largest economy's own AI industry. Huawei then sells these chips as a part of servers that go into data centers to train AI models. Alibaba and BaiduAlibaba and Baidu both buy Nvidia chips but they are also designing their own semiconductors for AI processes. Inference is the process that follows the training of AI models, as it refers to the actual application of AI in the real world, such as a chatbot responding to user queries. Moore ThreadsMoore Threads, founded in 2020, is developing GPUs designed to train large AI models.
Persons: Paul Triolo, Albright Stonebridge, Baidu Alibaba, Wei Sun, Moore, KUAE, ByteDance Organizations: Istock, Getty, Nvidia, CNBC, Huawei Huawei, Huawei, Wall, Alibaba, Baidu, Counterpoint Research, Biren, Technologies, China Morning, Cambricon Technologies, U.S, Sequoia, GGV Locations: China, U.S, Beijing, Washington, Shenzhen, Biren's
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