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☆ Microsoft's hiring of staff from AI startup Inflection referred for UK merger probe
▼ + stars: | 2024-07-16 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

Mustafa Suleyman, co-founder and chief executive officer of Inflection AI UK Ltd., speaks at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024. If it finds reason to investigate further, the CMA can refer the case for an in-depth investigation, known as a "Phase 2" probe. The CMA said it would announce a decision on whether to refer the case for a Phase 2 investigation by Sept. 11. Microsoft announced in March it had hired Suleyman from Inflection, along with a number of other key employees at the firm. Both Suleyman and Simonyan were former employees of DeepMind, the Google-owned AI lab.

Persons: Mustafa Suleyman, Inflection's, Suleyman, Karen Simonyan, Simonyan Organizations: Ltd, Economic, Britain's, Markets Authority, CMA, Microsoft, DeepMind, Google Locations: Davos, Switzerland, Washington

☆ The next front in U.S.-China tech battle? Underwater cables that power the global internet
▼ + stars: | 2024-07-16 | by ( Ryan Browne | ) www.cnbc.com time to read: +5 min

Subsea cables are the backbone of the internet, carrying 99% of the world's data traffic. What are subsea cables? Subsea cables are the backbone of the global internet, carrying 99% of the world's intercontinental data traffic. More recently, U.S. tech giants including Meta, Google, Microsoft, and Amazon have invested significant sums to lay down their own cables. Many international subsea cable projects are reportedly circumventing China today due to concerns over data security and Beijing's expanding geopolitical influence.

Persons: TeleGeometry, Andy Champagne, Joe Vaccaro, Vaccaro Organizations: Photodisc, Getty, Yemen's, U.S, Asia America Gateway, Akamai Labs, CNBC, Cisco, Meta, Google, Microsoft, Amazon, U.S ., Echo, State Department, Wall Street, Submarine Systems, Team Telecom Locations: Yemen's Iran, China, Ireland, Asia, U.S, U.S . West Coast, Singapore, Indonesia, Africa, Europe, Pacific, Estonia, Hong Kong

Video taken by a bystander shows people pointing to the man suspected of shooting at former President Donald J. Trump at a rally in Pennsylvania and frantically warning law enforcement, just two minutes before the first burst of gunfire rang out, according to an analysis of the footage by The New York Times. “Someone’s on top of the roof,” one person is heard saying. “There he is, right there.”“He’s on the roof!” says another, calling to an officer. “Right here, right on the roof.”The footage shows the suspected gunman lying prone on the roof of a white structure, which The Times previously identified as the location from which shots were fired. The building is roughly 400 feet from the stage where Mr. Trump was standing, but was outside the rally’s security perimeter.

Persons: Donald J, Trump, “ Organizations: New York Times Locations: Pennsylvania

Microsoft reportedly said that it would give up its observer seat on the OpenAI board amid regulatory scrutiny into generative artificial intelligence in Europe and the U.S.Microsoft's Deputy General Counsel Keith Dolliver wrote a letter to OpenAI late Tuesday, according to multiple media reports, saying that the position had provided insights into the board's activities without compromising its independence. But the letter added that the seat was no longer needed Microsoft had "witnessed significant progress from the newly formed board," according to the Financial Times. CNBC has reached out to Microsoft and OpenAI for comment. The European Commission previously said Microsoft could face an antitrust investigation, as it looked at the markets for virtual worlds and generative artificial intelligence. The Commission, which is the executive arm of the EU, said in January that it is "looking into some of the agreements that have been concluded between large digital market players and generative AI developers and providers" and singled out the Microsoft-OpenAI tie-up as a particular deal that it will be studying.

Persons: Keith Dolliver, OpenAI Organizations: Microsoft, U.S, Microsoft's, Financial Times, CNBC, European Commission Locations: Europe

☆ The world's top 250 fintech companies of 2024
▼ + stars: | 2024-07-10 | by ( Ryan Browne | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe world's top 250 fintech companies of 2024Using a rigorous methodology, CNBC and Statista named the top 250 fintech companies globally for 2024. CNBC Tech Correspondent Ryan Browne has more.

Persons: Statista, Ryan Browne Organizations: CNBC, CNBC Tech

☆ The German government owns around $2 billion in bitcoin — and it's freaking out crypto investors
▼ + stars: | 2024-07-08 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

Bitcoin has also been under selling pressure from the German government as well as collapsed bitcoin exchange Mt. Last month, the German government began selling bitcoin from a wallet operated by the country's Federal Criminal Police Office, referred to locally as the Bundeskriminalamt, or BKA. Bitcoin price reactionIn tandem with these sales, bitcoin has seen its price fall dramatically. At one point in the day, the entire crypto market had shed more than $170 billion in combined market capitalization in a 24-hour period, CoinGecko's data showed. Germany's bitcoin sales aren't the only concern for crypto investors.

Persons: Bitcoin, it's, wasn't, bitcoin, —, Nobuaki Kobayashi, James Butterfill, CoinShares, Germany's BKA, Joana Cotar, Cotar, Olaf Scholz, Christian Lindner, Michael Kretschmer, she's, Samson Mow Organizations: Federal Criminal Police, Arkham Intelligence, CNBC, Saxony, Federal Criminal Police Office, German Bundestag Locations: Gox, bitcoin, Germany, Saxony, Federal Republic of Germany, German, Berlin

☆ CNBC Daily Open: French left-wing shock victory, Boeing guilty plea
▼ + stars: | 2024-07-08 | by ( Abid Ali | ) www.cnbc.com time to read: +4 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. However, recent profit-taking and valuation concerns led to a pullback and a rare downgrade from a Wall Street analyst. Get the CNBC Daily Open report in your inbox every morning and keep up to date with the markets wherever you are. Kolanovic wasn't the only Wall Street strategist to be caught out by the bull run — but rival banks have incrementally increased their calls.

Persons: Skydance, David Ellison, Marko Kolanovic, Kolanovic, Lori Calvasina, Calvasina, Tesla, Tom Narayan, Squawk, Narayan, Tom Sosnoff, Bill Ackman, Warren Buffett, Sosnoff, — CNBC's Pia Singh, Alex Harring, Holly Ellyatt, Ruxandra Iordache, Ryan Browne, Samantha Subin, Lim Hui Jie, Leslie Josephs Organizations: New York Stock Exchange, CNBC, Nvidia Nvidia, Wall, Paramount, Skydance Media, Paramount Global, Hollywood, Boeing, Justice Department, JPMorgan, RBC Capital Markets, RBC Locations: Hollywood

Gox, the Japanese bitcoin exchange that collapsed into bankruptcy a decade ago, on Friday said that the company has begun to make payments in bitcoin and in bitcoin cash to some of its creditors. After declaring bankruptcy, 140,000 of the missing bitcoin were recovered — which means that roughly $9 billion worth of bitcoin will be returned to owners, in today's prices. Gox, Arkham Intelligence said Friday. Gox users, according to Arkham. A further $63.6 million of bitcoin was sent to an unknown counterparty, which Arkham said was "likely a listed repayments exchange."

Persons: Thomas Trutschel, Gox, bitcoin, Arkham Organizations: Photothek, Arkham Intelligence Locations: Mt, Gox, bitcoin, Tokyo, Arkham

☆ Over $170 billion wiped off cryptocurrencies as market tanks on Mt. Gox bitcoin payout fears
▼ + stars: | 2024-07-05 | by ( Ryan Browne | ) www.cnbc.com time to read: 1 min

Cryptocurrencies plunged on Friday as investors focused on the payout of nearly $9 billion to users of collapsed bitcoin exchange Mt. As of 9:20 a.m. London, time, bitcoin's price slumped more than 6% in 24 hours to hit $54,237.18, its lowest level since late February, according to data from CoinGecko. Rival token ether sank around 10% to $2,869.36. Altogether, the entire cryptocurrency market has shed more than $170 billion in combined market capitalization in the last 24 hours, according to CoinGecko data. This breaking news story is being updated.

Persons: Cryptocurrencies Organizations: CoinGecko Locations: Gox, London

☆ European markets open higher with UK election results in focus
▼ + stars: | 2024-07-05 | by ( Ryan Browne | ) www.cnbc.com time to read: 1 min

Keir Starmer, leader of the Labour Party, campaigns ahead of the general election, in Redditch, UK, on Wednesday, July 3, 2024. LONDON — European stocks opened mostly higher on Friday as the U.K.'s general election draws focus in the region. The pan-European Stoxx 600 index rose 0.3% higher in early morning deals. The U.K.'s FTSE 100 index climbed more than 0.2% as investors reacted to election results. Travel and leisure stocks were the standout gainers Friday, climbing 0.6%, as most sectors traded in positive territory.

Persons: Keir Starmer Organizations: Labour Party, LONDON Locations: Redditch, UK

☆ Bitcoin slides to two-month low as Fed signals it's not ready to cut rates yet
▼ + stars: | 2024-07-04 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

A worsening macroeconomic climate and the collapse of industry giants such as FTX and Terra have weighed on bitcoin's price this year. STR | Nurphoto via Getty ImagesBitcoin's price slumped to around $57,000 apiece Thursday, hitting a two-month low after the U.S. Federal Reserve released minutes from its June meeting indicating the central bank isn't yet ready to cut interest rates. Since then, bitcoin has pared losses somewhat and was trading at $57,932.57, down 3.4% as of 5:05 p.m. London time. Higher interest rates are typically less favorable for bitcoin and other cryptocurrencies as it dampens investor risk appetite. ETFs allow investors to buy a product that tracks the price of bitcoin without owning the underlying cryptocurrency.

Persons: bitcoin, Bitcoin, Crypto, CCData Organizations: Getty, U.S . Federal Reserve, Federal Reserve, Securities and Exchange Commission Locations: London, U.S, Gox

☆ Revolut CEO confident on UK bank license approval as fintech firm hits record $545 million profit
▼ + stars: | 2024-07-02 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

LONDON — The boss of British financial technology giant Revolut told CNBC he is optimistic about the company's chances of being granted a U.K. banking license, as a jump in users saw the firm report record full-year pre-tax profits. Several small financial institutions have been able to win approval for a banking license with few customers, he added. "U.K. banking licenses are being approved for smaller companies," Storonsky said. A bank license would enable it to offer loans in the U.K. One conditions set by the Bank of England for granting Revolut its U.K. banking license, was to collapse its six classes of shares into ordinary shares.

Persons: Revolut, Nikolay Storonsky, we'll, Storonsky, SoftBank Organizations: CNBC, British, EMI, Prudential, Authority, Bank of England, Financial Times

☆ Crypto firm Circle gets approval to issue stablecoin in EU under bloc’s strict rules
▼ + stars: | 2024-07-01 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

In this article USDC.CM= Follow your favorite stocks CREATE FREE ACCOUNTLaunched in 2018 by crypto firm Circle, USDC is now the second-biggest stablecoin globally, with more than $30 billion worth of tokens in circulation. The company said it is also opening up its Circle Mint, which allows businesses to mint and redeem Circle stablecoins, in France. That's because according to MiCA, crypto businesses are able to offer their services in one EU country and "passport" them out into other markets within the bloc. After that point, crypto companies will have until July 2026 to become fully compliant with MiCA. Launched in September 2018 by Circle and crypto exchange Coinbase, USDC is now the second-biggest stablecoin globally, with $32.4 billion worth of tokens in circulation, according to CoinGecko data.

Persons: Circle, it's, Prudentiel, Jeremy Allaire, Allaire, cryptocurrencies, stablecoins, USDT Organizations: Getty, EMI, Union's, U.S ., Investors, European Union, Circle Locations: France, Crypto, U.S, European

☆ Meta accused of breaching EU antitrust rules over ad-supported subscription service
▼ + stars: | 2024-07-01 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

Shares of Facebook parent Meta are down more than 30% this year amid a troubling macro environment and weaker-than-expected results. Facebook parent company Meta was on Monday accused by EU regulators of failing to comply with the bloc's landmark antitrust rules over its recently introduced ad-supported social networking service. The Commission labelled the ad-supported subscription option a "pay or consent" model — which means users have to either pay to use Meta's platforms ad-free, or consent to their data being processed for personalized advertising. The company separately told Reuters in a statement that its ad-supported subscription model "follows the direction of the highest court in Europe and complies with the DMA." Meta has previously pointed to this ruling as a reason for introducing the subscription offer.

Persons: Meta Organizations: Facebook, Meta, CNBC, Reuters, European Court of Justice Locations: Europe

In a few days, bankrupt Tokyo-based bitcoin exchange Mt. Disbursements will be in a mix of bitcoin and bitcoin cash, an early offshoot of the original cryptocurrency. Gox — short for "Magic: The Gathering Online Exchange" — was once the largest spot bitcoin exchange globally, claiming to handle around 80% of all global dollar trades for bitcoin. Gox users would likely translate to huge sales in bitcoin as investors look to lock in gains. Vijay Ayyar, head of consumer growth for Asia-Pacific at crypto exchange Gemini, said that the overall impact of the Mt.

Persons: Omer Taha Cetin, that's, Disbursements, bitcoin, Gox, —, John Glover, Glover, James Butterfill, bitcoin's, Gemini, Lennix Lai, Butterfill, Bitcoin, Jacob Joseph, Joseph, Alex Thorn, Thorn, Vijay Ayyar, Gox disbursement, Ayyar Organizations: Anadolu, Getty, CNBC, bitcoin, Barclays, CoinShares, Gemini, JPMorgan, Arkham Intelligence, Analysts, U.S . Securities, Exchange, Federal Reserve Locations: Tokyo, Gox, Mt, bitcoin, Asia, Pacific

Users of collapsed bitcoin exchange Mt. At the height of its success, the platform was the largest spot bitcoin exchange in the world, claiming to handle around 80% of all global dollar trades for bitcoin. Gox creditors creates "downside risk" next month, though it would be short-lived. Gox creditors take place in July, [this] creates a trajectory where crypto prices come under further pressure in July, but start rebounding from August onwards," the analysts wrote. Gox creditors opted for in-kind reimbursement has to do with the tax implications.

Persons: Kiyoshi Ota, Gregory Greene, Greene, Bitcoin, Greene's, John Glover, Ledn, Glover, Gox, Alex Thorn, They'll, Roger Ver, Blockstream, Adam Back, Greg Maxwell, Bruce Fenton, Thorn, there's, There's, Luke Nolan, CoinShares, JPMorgan Organizations: Bloomberg, Getty, Mt, CNBC, bitcoin, Online, Galaxy Digital, Bitcoin, Barclays, JPMorgan Chase, Gox Locations: Gox, Illinois, bitcoin, Mt

Bitcoin mining companies have expansive data centers, with access to fiber lines and large amounts of power across the U.S. They're exactly the types of facilities needed for compute-intensive AI operations, which means their sites and technology are in high demand. Core Scientific will deliver 70 megawatts of computing infrastructure to support CoreWeave's operations. Earlier this month, CoreWeave offered to buy Core Scientific for $1.02 billion, not long after their initial agreement. Core Scientific rejected the bid.

Persons: JPMorgan Chase, CoreWeave, Adam Sullivan Organizations: JPMorgan, Core, Nvidia

And they were everywhere, although, naturally, New York City was a magnet, as it has always been for L.G.B.T.Q.+ people looking for a place in which they can be themselves. New York City was where you lost your soul, and we wanted to be closer to the earth. I wore an eight-and-a-half-foot-tall Statue of Liberty costume to the Easter Parade in New York City, and Kirsten came along with me. By the time I turned 30, I’d been telling people I was older for years, because I’m not the type to bemoan the loss of my youth. Going to New York felt like this moment of emerging to a wider audience, and then I started to travel a lot.

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Wong, David Henry Hwang’s, Richie, wasn’t, Wayne Barker, — John Wogan Edmund White, Edmund White, Horatio, Leonard Fink’s “, Barbara Confino, Leonard Fink, Joseph Rodriguez, Bleecker, You’d, Gosh, Michael Snyder Pat Oleszko, Chichi, Kirsten, who’d, she’d, — C.H, Brian Michael Smith, Gay, Smith, Kiki Ball, Josue Infante, Skyler Cruz, Jamison, — J.A.R, Agnes Denes’s “, Don Yowell, Finkelstein, Agnes Denes, Leslie Tonkonow, Don, Agnes Denes’s, JD Samson, Sia, Mark Hunter, Anthony Cotsifas I’d, Johanna Fateman, Tigre, Michael O’Neill, Obama, might’ve, — Kate Guadagnino Kristen Kish, Kish, Suzanne Kreiter, David Moir, Bravo, isn’t, — J.W, Stephen Spinella, Mantello, Joan Marcus, Photofest, Tony Kushner’s, Louis Ironson, Milton Glaser, he’s, David, Marshall Grant, Joe Pitt, Walter, Awards, Stephen, ” —, Freedia, Devon Hurst, Sissy Nobby, Barack Obama’s, Lyle Ashton Harris, Big, Bounce, ” — M.B, Thom Browne, Browne, Los Angeles’s Chateau Marmont, Malcolm Venville, Paul Fortune, Michèle Lamy —, — J.C, Catherine Opie’s “, Opie, Ian, Lehmann Maupin, Eileen Myles, Jenny Shimizu, I’ve, Nicole Acheampong Danez Smith, Juan Cordero, ” Womp, They’d, hookups, Who’s, We’ve, You’re, J.A.R, Linda Simpson, India, Little Louie Vega, who’s, — K.G, Alexander Chee, Alexander Chee’s, Marguerite Duras’s “, Jeongneung, King Jungjong, Eric McNatt, Chris Chee, — M.S, Sam Jay, Jay, Jonah, Kumail ”, hadn’t, K.G, Phillip Lim, Lim, Tourmaline, Sylvia Rivera, Luce Capco Lincoln, York’s, We’d, Marsha P, John Cameron Mitchell, Larry Kramer, Mitchell’s, Mitchell, Martha Swope, Billy Rose, Mark Tusk, ” Kramer’s, Larry, Ned Weeks, Ned, “ Hedwig, J.W, Joerg Lohse, Reena, there’s, Matt Bomer, Bomer, Simon Halls, Neal Caffrey, Tony Kushner, Terrence McNally —, — I’d, Hollywood, Wu Tsang, Neil Rasmus, Wildness, ’, Wildness ”, Roxane Gay, Mueller, Brandon Williams, Donna Gottschalk, Donna Gottschalk’s “, Duchess, Galerie Marcelle Alix, goddamn, Coco Romack Michael R, Aaron Kinney, Nova, “ I’m, Bob Damron’s, Sgt, Shirley, Waldorf, Harold’s, Jean ] Genet, Marcel, Proust Organizations: Pride, Stonewall, West, America’s, ACT UP, San, Playwrights Horizons, Odeon, New York’s TriBeCa, Electric, Getty, Police, Billy, New York Live Arts, Keith Haring Foundation, BAM Hamm, Liberation, Brooklyn Liberation, Brooklyn Museum, Fort, New York’s, New York’s Eugene O’Neill Theatre, Broadway, Equity, LGBT Community Center, Fulbright, Mudd, New, Bisexual, Transgender Community, Center, Transgender Community Center, “, Maxwell, Museum School, Farmers, Seattle, Boston Globe, Travel, New York Times, Rancho Mirage, Gay, Caesar’s, FEMA, Yale, York’s Webster Hall, Masters, Records, Pyramid, Work, ACT, Carpenters, Seymour, Edinburgh, Atlanta —, Ninja, Huntington, New York, Lesbian, Equal, Billy Rose Theatre Division, The New York Public Library, The New York Times, USA, Children’s Hospital of Los, MoMA, Whitney Biennial, University of Nebraska, Alamy, HarperCollins, of Engineering, Google, Division, Astor, Tilden Foundations, Pershing, University of Southern, Pershing Square Locations: New York, Berlin, “, America, San Francisco, Baltimore, New York’s, New York City, California, Atlanta, Europe, Wayne County, Dortmund, Germany, London, Amsterdam, Rotterdam, Rockland County, N.Y, ’, I’m, Brooklyn, West Dakota, Fort Greene, New, Leonard Fink’s “ Bars, Street, Rome, —, Aspen, Colo, Copenhagen, Danish, Peru, Los Angeles, Agnes Denes’s “ Wheatfield, Downtown Manhattan, North Moore, TriBeCa, Hoboken, N.J, Lower Manhattan, Manhattan, Boston, Williamsburg , Brooklyn, Vinnie’s, Bedford, Austin , Texas, Copley, Menton, Asian American, York, New Orleans, Houston, Los Angeles’s, L.A, Hong Kong, Seoul, Casa, Koreatown, Minneapolis, Grindr, East, India, Wigstock, Tompkins, Vershire, Chee, Iowa, Huntington Beach, Chelsea, Barneys, Madison, Miami, New York State, Washington, The, LA, Silver Lake, Missouri, Children’s Hospital of Los Angeles, Zurich, Central, American, Westlake, Los Angeles and New York, Lincoln, Alphabet City , New York, Lenox, United States, University of Southern California, Downtown Los Angeles

☆ Thom Browne’s 2024 couture collection takes a lead from the Olympics
▼ + stars: | 2024-06-27 | by ( Alice Pfeiffer | ) edition.cnn.com time to read: +4 min

Paris CNN —True to his theatrical form, Thom Browne’s fall 2024 couture show opened with spectacle. The collection featured couture made from muslin "toiles" as well as intricate embroidery and needlework in gold, silver and bronze. Thom Browne (which has, since 2018, been part of Zegna group who own a 90% stake) is also a ready-to-wear business currently offered in over 300 department-stores and boutiques across 40 countries, as well as in 110 Thom Browne retail stores. “I like to entertain and to ground it in beautifully made clothes.”"The work in progress becomes the final work... Couture," wrote Thom Browne in their show notes, of the decision to use toile in the collection. Kristy Sparow/Getty ImagesPerhaps surprisingly for a couture collection, it was muslin — the simple, lightweight cotton used to create initial mock-ups of clothes (called “toiles”) at ateliers — that comprised much of Browne’s finished pieces.

Persons: Thom Browne’s, riffed, weightlifters —, Francois Durand, Browne, Thom Browne, ” Browne, ”, “, Kristy Sparow, Browne’s, … Couture, Laurel, —, David Fisher, Jared Ellner, Emma Chamberlain, Molly Gordon, Sabrina Carpenter, Sabrina, Emma Organizations: CNN, Paris Fashion, Couture, Paris CNN, Getty, Apollo Locations: Paris, France, New

☆ Europe is at risk of over-restricting AI and falling behind U.S. and China, Dutch prince says
▼ + stars: | 2024-06-26 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

Prince Constantijn is special envoy to Techleap, a Dutch startup accelerator. Patrick Van Katwijk | Getty ImagesAMSTERDAM — Europe is at risk of falling behind the U.S. and China on artificial intelligence as it focuses on regulating the technology, according to Prince Constantijn of the Netherlands. Prince Constantijn is the third and youngest son of former Dutch Queen Beatrix and the younger brother of reigning Dutch King Willem-Alexander. "We've seen this in the data space [with GDPR], we've seen this now in the platform space, and now with the AI space," Constantijn added. Plus, when it comes to developing applications that use AI, "Europe is definitely going to be competitive," Constantijn noted.

Persons: Prince Constantijn, Patrick Van Katwijk, Constantijn, Dutch Queen Beatrix, Dutch King Willem, Alexander, innovating, hasn't Organizations: Getty, CNBC, Union, EU, U.S, National Academies of Sciences Locations: Techleap, Dutch, AMSTERDAM, Europe, China, Netherlands, Amsterdam, U.S

☆ Britain looks to upstage France with play for world's third major AI hub after U.S., China
▼ + stars: | 2024-06-26 | by ( Ryan Browne | ) www.cnbc.com time to read: +7 min

But key challenges face the country as it looks to become the world's third-biggest AI hub. At the London Tech Week conference in the Olympia events venue earlier this month, tech executives from around the world touted London and the U.K. as a place to invest. London vs. FranceLondon is facing heated rivalry from France for the title of European AI leader. Can the UK keep its European AI crown? Seeking regulatory clarityAnother key source of uncertainty for tech leaders is the future of AI regulation in the U.K.

Persons: Mike Kemp, Alex Kendall, — Kendall, Wayve's, Brent Hoberman, Wayve, it's, Salesforce, Janet Coyle, Coyle, Arthur Mensch, Hanno Renner, that's, Europe's, CNBC's, Philip Belamant, Zilch, Matthew Holman, Cripps, Holman Organizations: Global, London Tech, Sage, Google, London, Partners, Viva Tech, Accel, CNBC, Mistral France Paris, Alpha, Alpha Germany Heidelberg, Face France Paris, France Paris, United, United Kingdom London, Kingdom London, Tech, European Union Locations: London, United Kingdom, China, Olympia, SoftBank, San Francisco, Vancouver . U.S, France London, France, Brazil, Silicon, Europe, Paris, Berlin, Alpha Germany, Germany, Brexit, Britain

☆ Gold Medal Looks in Paris
▼ + stars: | 2024-06-25 | by ( Vanessa Friedman | ) www.nytimes.com time to read: +1 min

Hence Miranda Priestley’s famous “Florals? During an Olympic summer in the city hosting the Games? And yet the result, at least when it came to these two collections, actually was. Welcome to the age of athcouture. It’s one way to take fashion’s most hidebound art — the made-to-order styles for the .001 percent; the laboratory of fashion, where a lucky few designers get to play to their hearts’ content — and make it relevant.

Persons: Miranda Priestley’s, Wears, Rodin, Faith Ringgold, Thom Browne Organizations: Paris, Dior Locations: American

☆ Nvidia's half-a-trillion dollar wipeout leaves global chip stocks volatile
▼ + stars: | 2024-06-25 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

Global semiconductor stocks saw volatile trading on Tuesday after a slump in shares of Nvidia during the previous session. ASML is a key player in the global semiconductor market. ASMI , meanwhile, was up 0.4% while Soitec rose 0.4%, reversing losses earlier in the day as Nvidia shares recovered. Asian semiconductor shares also had a volatile day. Taiwanese chip firm MediaTek's shares fell 1.8%, while South Korean firm Samsung slipped 0.3%.

Persons: chipmaking giant's, ASMI Organizations: Nvidia Corporation, Nvidia, chipmaking, South, Samsung, SK Hynix Locations: Taipei, Taiwan, Europe, Asia, U.S, Switzerland

☆ Tech giants bet next-generation optical networks will reduce AI's climate impact, aid 6G transition
▼ + stars: | 2024-06-25 | by ( Ryan Browne | ) www.cnbc.com time to read: +7 min

IOWN Global Forum is a global group aiming to develop technical standards for all-photonics networks. "Mobile traffic is growing more and more every day," Katsuhiko Kawazoe, chair of the IOWN Global Forum, told CNBC via email. "Data centers are becoming bigger and bigger, and hyperscale data centers are a struggle for societies' carbon reductions," Kawashima said. "To deploy antennas, we need optical fiber to connect antennas to radio data centers," Kawashima explained. For now, the IOWN Global Forum is working toward achieving its main goals by 2030.

Persons: —, Kawazoe, Gonzalo Camarillo, OpenAI's, Kawashima, Banks, NTT's Kawashima Organizations: Getty, Microsoft, Google, Intel, Sony, IOWN, photonics, NTT, Ericsson, Nokia, SK Hynix, CNBC, IOWN Global, NTT Corporation, Mitsubishi, Netflix, Amazon, 5G

☆ Nvidia-backed AI startup Synthesia now lets you make multilingual video presentations using just your phone or webcam
▼ + stars: | 2024-06-24 | by ( Ryan Browne | ) www.cnbc.com time to read: +6 min

Synthesia, which says it's used by nearly half of the Fortfune 500, uses AI avatars for all kinds of purposes. Synthesia's AI video assistant can produce summaries of entire articles and documents. SynthesiaSynthesia also launched a new AI video assistant which can produce summaries of entire articles and documents. The company's competitors include AI video tools Veed, Colossyan, Elai, and HeyGen. And Chinese-owned social media app TikTok also recently debuted Symphony Assistant, a product that allows creators to make their own AI avatars.

Persons: Synthesia, hasn't, Victor Riparbelli, Riparbelli, they're, Synthesia Synthesia Organizations: Nvidia, CNBC, Microsoft, Accel Locations: London, Nigerian

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