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☆ Smartphone makers are dreaming of a 'supercycle' driven by AI. Analysts disagree
▼ + stars: | 2024-02-27 | by ( Ryan Browne | ) www.cnbc.com time to read: +6 min

Samsung has gone big on generative AI with its Galaxy S24 Ultra smartphone. When was the last smartphone supercycle? Smartphone makers have been dreaming of a "supercycle" in their industry, driven by AI, after a bruising few years that saw device sales slow aggressively. 'AI phone era'Major smartphone players are betting that a supercycle is about to happen thanks to AI. "We're right now at the dawning of an entirely new era, an AI phone era," Kitto said.

Persons: Kim Hong, they're, Francisco Jeronimo, Jeronimo, Ben Wood, Wood, James Kitto, Kitto, Brian Rakowski, Rakowski, We've Organizations: Samsung Electronics, Reuters, Reuters BARCELONA –, Samsung, Google, Galaxy, Apple, Financial Times, Mobile, Congress, Huawei, Qualcomm, IDC, Twitter, CNBC, 3G, CCS, Samsung's, Google's, Android Locations: Seoul, South Korea, Reuters BARCELONA, Chertsey , England

☆ Huawei spinoff Honor developing a smart ring after Samsung debuts its own wearable
▼ + stars: | 2024-02-27 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

BARCELONA — Chinese electronics maker Honor is working on a smart ring, its CEO told CNBC on Tuesday, just a day after Samsung took the wraps off of its own offering in the product category. Samsung debuted the Galaxy Ring on Monday after teasing it earlier this year. The device, which is the company's first foray into the product category, has multiple sensors that can track health markers, such as the wearer's heart rate. Honor is developing its own smart ring, company CEO George Zhao told CNBC at the Mobile World Congress in Barcelona. "Internally, we have this kind of solution, now we are working on that part, so in the future you can have the Honor ring," he said.

Persons: George Zhao Organizations: Mobile World Congress, MWC, CNBC, Samsung, Mobile Locations: Barcelona, BARCELONA

☆ Europe is falling behind on digital infrastructure, says Nokia CEO
▼ + stars: | 2024-02-27 | 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 EmailEurope is falling behind on digital infrastructure, says Nokia CEOPekka Lundmark, CEO of Nokia, discusses the role of artificial intelligence in telecommunications and Europe's digital infrastructure at the Mobile World Congress.

Persons: Pekka Lundmark Organizations: Nokia, Mobile

☆ Europe's telecom landscape needs to be more investor-friendly, Telenor CEO says
▼ + stars: | 2024-02-27 | 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 EmailEurope's telecom landscape needs to be more investor-friendly, Telenor CEO saysTelenor CEO Sigve Brekke discusses artificial intelligence and the outlook for the telecom industry at the Mobile World Congress in Barcelona.

Persons: Sigve Brekke Organizations: Telenor, Mobile Locations: Barcelona

☆ CNBC Daily Open: Wall Street high on AI euphoria
▼ + stars: | 2024-02-26 | by ( Sumathi Bala | ) www.cnbc.com time to read: +1 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. Berkshire Hathaway earnings jumpBerkshire Hathaway operating earnings surged 28% in the fourth quarter, while its cash pile soared to record levels. For the full year, operating earnings rose to $37.35 billion, up 17% from $30.85 billion in the previous year. [Pro] China AI stocks surgeEven if China's broader market recovery remains muted, Chinese artificial intelligence stocks are rising.

Persons: Berkshire Hathaway, Morgan Stanley Organizations: CNBC, Dow, Nasdaq, Samsung, Mobile, Congress, Lenovo, Berkshire Hathaway, Baidu Locations: Barcelona, Berkshire, China

☆ China’s Oppo unveils prototype augmented reality glasses with voice assistant as AI hype hits gadgets
▼ + stars: | 2024-02-26 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +3 min

Since they are AR glasses, users can see digital content imposed over the real-world view they see in front of them. Oppo, a Chinese firm and one of the world's biggest smartphone makers, announced the Oppo Air Glass 3 at the Mobile World Congress in Barcelona. BARCELONA – Oppo on Monday unveiled a prototype set of augmented reality (AR) glasses with a voice assistant, underscoring how electronics giants are trying to infuse artificial intelligence across their products to stand out. The Air Glass 3 needs to be tethered to an Oppo smartphone. Oppo said that its latest AR glasses are equipped with a voice assistant which is powered by the Chinese tech giant's own large language model (LLM) called AndesGPT.

Persons: Oppo, Alibaba — Organizations: Mobile, BARCELONA, Oppo, Baidu, Tech, Apple, IDC Locations: Barcelona, China

☆ Google’s Gemini AI picture generator to relaunch in a 'few weeks' following mounting criticism of inaccurate images
▼ + stars: | 2024-02-26 | by ( Hayden Field | ) www.cnbc.com time to read: +5 min

Google introduced the image generator earlier this month through Gemini, the company's main suite of AI models. "We are hoping to have that back online very shortly in the next couple of weeks, few weeks." "The Gemini debacle showed how AI ethics *wasn't* being applied with the nuanced expertise necessary," Margaret Mitchell, chief ethics scientist at Hugging Face and former co-leader of Google's AI ethics group, wrote on X. On Sunday, a text-based user query went viral, asking the Gemini chatbot whether Adolf Hitler or Elon Musk's tweeting of memes had a greater negative impact on society. WATCH: Google's Gemini chatbot is 'evolutionary not revolutionary'

Persons: Demis Hassabis, Hassabis, Bard, OpenAI's, Gemini, Margaret Mitchell, Sundar Pichai, Pichai, Adolf Hitler, Elon Musk's, Elon Musk, Elon, Hitler, Sissie Hsiao Organizations: Google, Gemini, Mobile, Microsoft Locations: Barcelona, German, British, France, ChatGPT

☆ Xiaomi bets big on its new electric vehicle — targets 20 million premium users
▼ + stars: | 2024-02-26 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

Chinese consumer electronics company Xiaomi revealed Thurs., Dec. 28, 2023, its long-awaited electric car, but declined to share its price or specific release date. Xiaomi revealed its SU7 electric car in China in late December but has yet to announce a specific price. Building on its tech capabilities as a telecommunications and smartphone company, Huawei has swiftly become a player in China's electric car market. Apple has yet to formally enter the electric car market despite reports it has been working on one. But the system is due for rollout in the coming months to appliances and the forthcoming car, Lu said.

Persons: Xiaomi, Evelyn Cheng, it's, Weibing Lu, Lu, That's, Lu Xiaomi Organizations: CNBC, Mobile, Apple, Samsung, Porsche –, Huawei, Baic Group, Xiaomi Locations: Evelyn Cheng BEIJING, China, Barcelona, Beijing, Xiaomi, Canalys

☆ Billionaires and A-listers pay me to plan their luxury vacations. For $150,000 a year, I get them into the best restaurants and hotels in the world.
▼ + stars: | 2024-02-26 | by ( Maria Noyen | ) www.businessinsider.com time to read: +10 min

Read previewThis as-told-to essay is based on a conversation with Jaclyn Sienna India, the founder of the luxury travel concierge Sienna Charles. I wanted to take that elegance, knowledge, and personal service I learned in the restaurant and bring it to travel. Faking it until I made itI started my own travel concierge, Sienna Charles, 16 years ago. Before it had a name, we definitely had been practicing quiet luxury travel and hospitality. Sienna Charles specializes in "quiet luxury" travel.

Persons: —, Jaclyn Sienna India, Sienna Charles, Bec, Abercrombie, there's, it's, We're, we're, George W, Bush, Sienna Charles Many, I've, We've, Mariah Carey, we've, They've, Carbone, I'd, I'm, Jacqueline Sienna India, Sienna Charles ., Sienna Charles I Organizations: Service, Business, Gotham Magazine, Manhattan Magazine, Disney Locations: New Jersey, Kent, Paris, Ethiopia, Turkey, Los Angeles, New York City, Africa, Capri, Sicily, I'm, Europe

☆ Microsoft invests in Europe's Mistral AI to expand beyond OpenAI
▼ + stars: | 2024-02-26 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

watch nowMicrosoft on Monday announced a new partnership with French start-up Mistral AI – Europe's answer to ChatGPT maker OpenAI — as the U.S. tech giant seeks to expand its footprint in the fast-evolving artificial intelligence industry. It will also see Microsoft bolster the start-up's access to new customers as it rolls out its ChatGPT-style multilingual conversational assistant "Le Chat," or "the cat." Mistral AI logo is displayed on a mobile phone screen. Anadolu | Getty ImagesMicrosoft President Brad Smith said on Monday that the deal was an "important" signal of the company's backing of European technology. "What we're fundamentally agreeing to a long-term partnership with Mistral AI so that they can train and deploy their next generation models for AI on our AI data centres, our infrastructure, effective immediately," he added.

Persons: OpenAI —, Le, Brad Smith, Smith, CNBC's Karen Tso Organizations: Microsoft, Monday, French, Anadolu, Getty, Europe, Mobile, Congress, Mistral Locations: U.S, Barcelona, Spain

☆ Huawei spin-off Honor shows off tech to control a car with your eyes and chatbot based on Meta's AI
▼ + stars: | 2024-02-25 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Honor demonstrated how its smartphone eye-tracking technology could be used to control a car. One demo involved an app to control a car. As part of its press conference, Honor demonstrated eye-tracking technology in the smartphone. BARCELONA — Chinese firm Honor on Sunday showed off technology that allows a user to control a car just by using their eyes. In a video about the feature, Honor showed how a person could stare at one of the commands and the car would carry out the function such as moving forward.

Organizations: Mobile, Huawei, MWC Locations: Barcelona, Spain, BARCELONA, China

☆ AT&T reimburses customers after massive network outage
▼ + stars: | 2024-02-25 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +2 min

New York CNN —AT&T is reimbursing customers for the nearly 12-hour network outage on Thursday, the company announced in a news release. The mobile network will issue a $5 credit to “potentially impacted” AT&T Wireless customers, which it says is the “average cost of a full day of service.”“We recognize the frustration this outage has caused and know we let many of our customers down,” the company said late Saturday. The network outage, which was first reported on Thursday at 3:30 a.m. AT&T had encountered sporadic service interruptions in the days leading up to the outage, including a temporary 911 outage in some parts of the southeast. While regional disruptions to wireless service happen occasionally, prolonged nationwide outages are rare.

Persons: ” Organizations: New, New York CNN —, T Wireless, AT, T’s, Cricket Wireless, Cricket, Federal Communications Commission, Infrastructure Security Agency, CNN Locations: New York, United States

☆ Smartphone giants like Samsung are going to talk up 'AI phones' this year — here's what that means
▼ + stars: | 2024-02-25 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +4 min

Companies like Qualcomm and MediaTek have launched smartphone chipsets that enable the processing power required for AI applications. Large language models are huge AI models trained on vast amounts of data that underpin applications like the widely popular chatbots. The other big part of the AI smartphone puzzle is the term "on-device AI." Previously, many AI applications on devices were actually partly processed in the cloud, then downloaded onto the phone. Smartphone makers say on-device AI improves the security of gear, unlocks new applications and also makes them faster, since the processing is done on the handset.

Persons: SeongJoon Cho, OpenAI's ChatGPT, Bryan Ma, Ma, Ben Wood, Wood Organizations: Samsung Electronics Co, Samsung, Bloomberg, Getty, Mobile World Congress, MWC, IDC, CNBC, Qualcomm, MediaTek, CCS Insight Locations: Seoul, South Korea, Barcelona, Spain

☆ Deutsche Telekom CEO: Europe has lost its momentum in the digital world
▼ + stars: | 2024-02-25 | 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 EmailDeutsche Telekom CEO: Europe has lost its momentum in the digital worldTim Hoettges, CEO of Deutsche Telekom, speaks to CNBC's Karen Tso from the Mobile World Congress in Barcelona.

Persons: Tim Hoettges, Karen Tso Organizations: Deutsche Telekom CEO, Deutsche Telekom, Mobile Locations: Europe, Barcelona

☆ Premarket stocks: Could the Federal Reserve rule out rate cuts in 2024?
▼ + stars: | 2024-02-22 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

Now, some are wondering if the central bank might not cut rates at all in 2024. He expects the central bank to cut rates two to four times this year. Plus, there’s no official indication that the central bank won’t cut rates this year. • If the neutral interest rate, or the rate that maintains full employment and stable inflation, is revised upward closer to 3.5%. The neutral rate should be 2.5%, based on Fed officials’ estimates for the central bank’s key interest rate, inflation and unemployment.

Persons: stoked, Stocks, won’t pare, ”, Tom Graff, Jerome Powell, Oliver Darcy, “, Eddy, Apple’s, Read, Here’s what’s, Chris Isidore Organizations: CNN Business, Bell, New York CNN —, Federal Reserve, Deutsche Bank, Fed, Deutsche Bank economists, ” Apple, Wednesday, Apple Sports, NBA, NHL, MLS, NCAA, NFL, MLB, ESPN, Labor Department, Bureau of Labor Statistics, SAG Locations: New York, America

☆ Apple launches its first sports app
▼ + stars: | 2024-02-21 | by ( Oliver Darcy | ) edition.cnn.com time to read: +2 min

The company on Wednesday launched Apple Sports, a free app for the iPhone that delivers real-time scores, key statistics, and live betting odds. At launch, users will have access to live data from the NBA, NHL, and MLS, among other leagues. On Wednesday, Apple will launch a new app. Apple has in recent years struck deals with various sports leagues, such as the MLB and MLS, to stream games on its Apple TV+ streaming service. While Apple Sports can alert users to where a game is being broadcast, it will not stream games directly inside the app, instead pointing users to the correct app to watch the action.

Persons: “, ”, Eddy, Apple’s Organizations: CNN, Apple, Wednesday, Apple Sports, NBA, NHL, MLS, NCAA, NFL, MLB, Services, ESPN, Super Bowl, Nielsen

☆ Here's an exclusive look at the pitch deck former VMWare executives used to land $25 million for their 'mobile cloud' startup
▼ + stars: | 2024-02-21 | by ( Vishal Persaud | ) www.businessinsider.com time to read: +1 min

Highway 9 Networks, a cloud computing startup, has secured $25 million in round led by Mayfield. The startup offers a mobile cloud product that allows companies to deploy a private mobile network. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementThree years ago, Allwyn Sequeira and his Highway 9 Networks cofounders set out to embark on what the startup calls the mobile cloud. The startup is now coming out of stealth with a $25 million round led by Mayfield, with General Catalyst and Detroit Ventures contributing to the funding.

Persons: Mayfield, —, Allwyn Sequeira, Debashis Basak, Serge Maskalik, Sachin Thakkar Organizations: Service, VMWare, Networks, Mayfield, Catalyst, Detroit Ventures, Business

☆ An Alabama judge ruled that frozen embryos are people, and reproductive rights advocates are sounding the alarm
▼ + stars: | 2024-02-20 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +4 min

In its decision, which has already drawn criticism from reproductive rights advocates, the Alabama Supreme Court ruled that frozen embryos have the same rights as living children under Alabama's Wrongful Death of a Minor Act. AdvertisementSome experts on reproductive rights are already sounding the alarm over the new ruling. "This is a cause of great concern for anyone that cares about people's reproductive rights and abortion care." AdvertisementThe case reached the Alabama Supreme Court after a lower court dismissed the couples' claims, though they later appealed. Later this year, the Supreme Court is expected to rule on access to mifepristone, a drug that can terminate a pregnancy alongside misoprostol.

Persons: —, Alabama that's, they're, Tom Parker, Roe, Wade, Dana Sussman, Sussman, they'll, misoprostol Organizations: Service, Business, Pregnancy, Washington Post, The Center, Reproductive, Center for Reproductive Medicine, Mobile Infirmary Medical Center, Medical Association of Locations: Alabama

☆ Russia's NATO neighbors are building hundreds of bunkers and anti-tank ditches in case of an invasion
▼ + stars: | 2024-02-15 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +5 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementEstonia, Lithuania, and Latvia are busy building massive defensive installations along their collective 1,000 miles of border with Russia and Belarus. The Baltic Defense Line, comprising hundreds of bunkers and other defensive measures, was a key part of an agreement struck between the three countries last month, prompted by the war in nearby Ukraine. Advertisement"A Baltic defensive line is a huge project," Lukas Milevski, a research fellow at the Foreign Policy Research Institute, wrote recently. A diagram of prototype bunkers published by Estonia's defense ministry shows how the oblong structures are designed to fit into a T-shaped dugout, their entrance protected by earthworks.

Persons: —, 🛡️, evkur, e cade, " ERR, Baker, ure, ely, vic, ted as say Organizations: Service, Baltic Defense, ici Locations: Estonia, Lithuania, Latvia, Russia, Belarus, Ukraine, Eston, ain

☆ Elad Gil, tech's biggest solo capitalist, sees an AI app wave coming
▼ + stars: | 2024-02-14 | by ( Darius Rafieyan | Samantha Stokes | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementThe year of the "AI app layer"Gil sees 2024 as the year that the “AI app layer” will start to crystalize, bringing the power of rapidly advancing foundation models to the masses. For someone with so much skin in the AI game, it’s notable that Gil’s portfolio does not include the big foundation models companies like OpenAI, Anthropic, and Cohere. Gil says he has been impressed with how quickly the legacy tech companies have moved to corner the market on cutting-edge AI research. But with the Biden administration’s more robust antitrust posture, Gil says there’s a lot of much-needed consolidation that’s not happening.

Persons: —, OpenAI, Elad Gil, Harvey, Character.ai, “ We're, ” Gil, ChatGPT, Gil, Gil's, ”, “ they’ve, Biden, there’s Organizations: Service, Business, Twitter, Mixer Labs, Google, Apple, Fortune, “ Enterprises Locations: Airbnb, MistralAI, Silicon Valley

☆ Sam Altman compares today's ChatGPT to a 'barely useful cellphone'
▼ + stars: | 2024-02-13 | by ( Ana Altchek | ) www.businessinsider.com time to read: +1 min

OpenAI CEO Sam Altman compared the current ChatGPT model to a "barely useful cellphone." NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . But OpenAI CEO Sam Altman does — and he compared it to the current model of ChatGPT. "We're at this barely useful cellphone," Altman said this week at the World Government Summit, where he made a virtual appearance.

Persons: Sam Altman, Altman, —, OpenAI Organizations: Service, World Government, Business

☆ It's not just you: Facebook says people are hearing a chirping sound while scrolling on their phones because of a 'technical error'
▼ + stars: | 2024-02-13 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +1 min

Some Facebook users have reported hearing a chirping sound as they're scrolling in the app. Meta comms chief Andy Stone says it's "an unfortunate technical error" that the company is fixing. AdvertisementSome Facebook users have reported hearing a chirping sound as they're scrolling through the mobile app, and now the company has weighed in. "Hearing a chirping noise while scrolling through your Facebook Feed on your iPhone? And it's an unfortunate technical error that we're in the process of fixing," Meta's director of communications, Andy Stone, said in a tweet on Tuesday.

Persons: Andy Stone, — Organizations: Facebook, Service, Business

☆ Apple calls its Vision Pro a ‘spatial computer’—here’s what that means
▼ + stars: | 2024-02-08 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +2 min

Think of "spatial computing" as an umbrella term that refers to merging the digital world with the physical world in a seamless way. Instead, Apple refers to the Vision Pro as a "spatial computer." If you're in the U.S. and have an extra $3,500 lying around, you can now get Apple's latest gadget, the Vision Pro — but don't call it a virtual reality headset. While both augmented reality and virtual reality fall under the spatial computing umbrella, the two terms refer to different user experiences. Apple is positioning the Vision Pro as a full-on computer that could work as an alternative to your desktop or laptop, instead of a device that's mainly used for entertainment, he adds.

Persons: Apple, Louis Rosenberg, Rosenberg, they're Organizations: Apple, Vision, CNBC Locations: U.S

The number of affordable units — with rents under $600 — also dropped to 7.2 million that year, 2.1 million fewer than a decade earlier. Photos You Should See View All 45 ImagesThose factors contributed to a dramatic rise in eviction filings and a record number of people becoming homeless. "It just hits you like, ‘This is for nothing.’"In Auburn, Massachusetts, pervasive rent hikes have already hit the last bastion of affordable housing. Just off an interstate alongside a pond, residents at the American Mobile Home Park face rent increases upwards of 40%. The group Lawyers For Civil Rights has sent a letter to the landlord accusing it of “unconscionable rent increases," and failing to provide critical services like adequate garbage and snow removal.

Persons: Caitlyn Colbert, Colbert, “, ”, —, Whitney Airgood, Obrycki, ” Colbert, haven’t, Amy Case, Ann Urbanovitch, Zach Neumann, Monique Gant, Gant, Nick Graetz, ” Graetz, Chris Herbert, Jared Polis, ___ Casey, ___ Organizations: DENVER, Harvard Joint Center for Housing Studies, Harvard, Habitat, Humanity, American Mobile, Civil Rights, Associated Press, Colorado Judicial, Community Economic Defense, Princeton, ”, Colorado Gov, America Statehouse News Initiative, America Locations: Denver, U.S, ”, Auburn , Massachusetts, Colorado, Washington, Massachusetts, Boston

☆ An ex-finance trader launched a mobile coffee business and grew its sales by over 550% — she shares the 3 strategies that made her truck a household name in Phoenix
▼ + stars: | 2024-02-05 | by ( Bella Sayegh | ) www.businessinsider.com time to read: +8 min

Devon McConville is a former day trader who owns First Place Coffee, a Phoenix-based coffee truck. Now, McConville runs a beloved fixture of the Phoenix drink scene: First Place Coffee, a coffee vendor on wheels. First Place Coffee serves specialty coffee and espresso drinks from a 1970 Chevy P10 truck that regulars know as "Matilda." "I really had this vision to really create a community around a mobile coffee business," McConville said. "It seems really small, to own and operate a mobile coffee business, but I think it really has a large effect that radiates out from it," McConville said.

Persons: Devon McConville, McConville, —, Matilda, Alexandra Cocca McConville, Terrence Murtagh, Murtagh, Elizabeth Chung, Chung, Instagram, Bella Sayegh, Austin Hogland, they've, Kaytee Hogland, We're, she's Organizations: Service, Coffee, BI Locations: Devon, Phoenix, Austin

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