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☆ I left a 6-figure career to raise my kids with special needs. I miss having a job, but my life is better now.
▼ + stars: | 2024-11-18 | by ( Riva Soucie | ) www.businessinsider.com time to read: +4 min

AdvertisementAfter receiving my Ph.D. in sociology, I launched my career in policy development and speech writing. In 2021, both my oldest and youngest kids got complex medical diagnoses. My youngest child's care is a 24/7 job, and even with cutting-edge technology to help manage his medical needs, my sleep, mental focus, and self-care time have been permanently disrupted. In between, I am in our bright and airy kitchen, cooking multiple times a day for the many special diets in our family. But none of this would be possible if I was working at another job five days a week.

Locations: puzzlement

☆ Stocks rebound — plus, we're raising our price target on a transforming AI play
▼ + stars: | 2024-11-18 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.

Persons: Jim Cramer, Richard Tobin, Tobin, cryogenics, we'll, Jim Cramer's, Jim Organizations: CNBC, ., Stocks, Dover, Club, Marshall Excelsior Company, SPS Cryogenics, Nvidia, Walmart, Viking Holdings, Jim Cramer's Charitable Locations: Dover

☆ Number of older adults who lost $100,000 or more to fraud has tripled since 2020, FTC says
▼ + stars: | 2024-11-18 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

In 2023, about 4,600 adults age 60 and older reported being defrauded of a six-figure sum, according to a report the FTC issued in October. Such thefts can be especially devastating to older adults, who have less opportunity to earn back what they've lost, greatly impacting their quality of life in old age, experts said. Common scams targeting older AmericansConsumers overall lost $10 billion to scams in 2023, a record high, according to the FTC. Older adults were 60% more likely than younger ones to report losses exceeding $100,000 last year, according to the FTC. Criminals commonly stole such vast sums from older adults via romance scams, investment frauds and imposter scams, the FTC said.

Persons: Karl, Josef Hildenbrand, That's, they've, John Breyault, Breyault, Crypto Organizations: Getty, Federal Trade Commission, National Consumers League, FTC, Finance, A.I, underreporting, Gallup, Microsoft, Publishers Clearing, Social Security Administration, Federal Bureau of Investigation, FBI

☆ Watching TikTok videos with my teen keeps us connected. We've had thoughtful conversations thanks to social media.
▼ + stars: | 2024-11-18 | by ( Nina Mccollum | ) www.businessinsider.com time to read: +4 min

He sends me TikToks, and we watch them together, which helps us stay connected. TikTok and Instagram have allowed me to continue communicating with my kid even when the sound of my voice is annoying. Related storiesWe watch videos togetherI have shared custody, so I see him every other week. He sometimes sends videos from school or at night after I've gone to bed so we have daily content to watch. I send him funny videos of parents teaching their kids to drive, and he sends them back to me.

Persons: I've, toddled, doesn't, that's, what's Organizations: Pong, Netscape, Harvard Locations: snuggles

Artificial Intelligence is reshaping the job application process, simplifying some aspects — and creating new potential frictions in others. As the use of AI in hiring and applying increases, many job seekers are having to go to extra lengths to stand out. Using the tools, job seekers can save hundreds of hours — and apply to up to thousands of jobs a day, according to the services. A premium membership starts at $38 a month, according to the website — a cost AI Apply notes is much lower and more accessible than the cost of a career counselor. But job seekers are not the only party using AI in the application process, according to a recent University of Washington study.

Persons: Jeff, ” Maddie Macho, Chantal Cowie, ”, Cowie, Teal, Claude, ” Cowie, “, Aidan Cramer, Watchdogs, Cramer, ” Cramer, we’ve, OfferGoose, Mike Peditto, Ruth Edwards, “ It’s, ” Edwards, Peditto, it’s Organizations: Gemini, NBC News, of Washington, Fortune, Pew, ” Boston, New, Tiger Locations: Boston, New York

“I don’t think that Black Twitter is going to exist within the next couple of years,” said Jonathan Johnson, a 29-year-old behavioral therapist in Houston and a longtime Twitter and X user. “Social media is only important because of the social part, and if you don’t have that, people aren’t going to use” the app. Like many others, Black users have been eyeing an exit from the app since 2022, but users told NBC News that this mass exodus feels more permanent. He criticized the functionality of the app and said it will suffer without a mass of Black users. “It feels like a very welcoming, safe space,” said Pariss Chandler, the organizer of Black Tech Twitter and the founder of the recruitment platform Black Tech Pipeline.

Persons: ”, Jonathan Johnson, Mike Brown’s, Donald Trump, “, Ashon Crawley, Johnson, ” Elon, Musk, “ I’m, ” Crawley, Emily Liu, ” Liu, Gabrielle Union, Don Lemon, Vivek Ramaswamy, ” Johnson, Pariss Chandler, Chandler, “ It’s, ” Chandler, they’re, Rudy Fraser, Fraser, “ there’s, Bluesky, Bluesky’s, Blacksky Organizations: Twitter, University of Virginia, NBC News, Bluesky, Meta, Republican, “ Department, Government, Black Tech Twitter, Black Tech Pipeline Locations: Houston, Similarweb, Bluesky, Los Angeles, Crawley, Still

☆ Biden, Xi agree that humans, not AI, should control nuclear arms
▼ + stars: | 2024-11-17 | by ( ) www.cnbc.com time to read: +3 min

"The two leaders affirmed the need to maintain human control over the decision to use nuclear weapons," the White House said in a statement. But it marks a first-of-its-kind step between the two countries in the discussion of two issues on which progress has been elusive: nuclear arms and artificial intelligence. Washington has been pushing Beijing for months to break a longstanding resistance to nuclear arms talks. Formal nuclear arms control negotiations have not been expected any time soon, despite U.S. concerns about China's rapid nuclear weapons build-up, even though semi-official exchanges have resumed. The U.S. defense department estimated last year that Beijing has 500 operational nuclear warheads and will probably field more than 1,000 by 2030.

Persons: Joe Biden, Xi Jinping, Biden Organizations: Economic Cooperation, White, U.S, United, Pentagon Locations: Asia, Lima , Peru, Washington, Beijing, China, United States, Geneva, U.S, Russia, North Korea

☆ Those bold AGI predictions are suddenly looking stretched
▼ + stars: | 2024-11-17 | by ( Alistair Barr | ) www.businessinsider.com time to read: +7 min

The generative AI boom has inspired bold AGI predictions ranging from this happening in 2025, 2026, or maybe 2027. AdvertisementThat's the main reason for huge gains in recent years in the performance of AI models. AdvertisementHorowitz noted several factors that are holding back AI model improvements, including a lack of new high-quality human data and problems sourcing the extra energy needed to power AI data centers. AGI questionsIf the main tried-and-true method for improving AI models is no longer working, we are unlikely to get AGI anytime soon. Altman's bold AGI predictions may also be an effective rallying cry for hard-working OpenAI employees.

Persons: Sam Altman, there's, that's, Oren Etzioni, Etzioni, Ilya Sutskever, Noam Brown, Google hasn't, Marc, Ben, Marc Andreessen, Ben Horowitz, Andreessen, Horowitz, we're, OpenAI, Altman, we've, AGI, Elon Musk, It's Organizations: YouTube, Allen Institute, Tech, Reuters, Orion, Bloomberg, Google, AGI, Microsoft, Intel, Computer, Artificial Intelligence Locations: Seattle

☆ OpenAI ranks fourth among top tech vendors that IT leaders plan to spend the most with, survey finds
▼ + stars: | 2024-11-17 | by ( Helen Li | ) www.businessinsider.com time to read: +2 min

AdvertisementOpenAI ranks fourth among vendors that IT leaders plan to spend the most with, per a Flexera survey. The report surveyed 800 IT leaders on their priorities for the coming year. OpenAI ranks fourth among top vendors that IT leaders are currently or planning to spend the most with next year, according to a newly released industry report. Flexera, a software asset management company, released its 2025 IT Priorities Report based on a survey of 800 IT leaders from the US, the United Kingdom, Germany, and Australia. This was the first year that OpenAI debuted on the survey list as an option.

Persons: OpenAI Organizations: Microsoft, Google, Amazon Web Services, Oracle, Khosla Ventures, Tiger, Nvidia Locations: United Kingdom, Germany, Australia

☆ European SpaceX rival raises $160 million for reusable capsule to carry astronauts, cargo to space
▼ + stars: | 2024-11-17 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

The Space Exploration develops a product called Nyx, a reusable capsule that can be launched from rockets into space carrying passengers and cargo. "So there is an increased demand for sending people to stations, sending cargo to stations," she said. TEC's core product is Nyx, a capsule that can be launched from rockets into space carrying passengers and cargo. The Exploration Company (TEC) announced Monday it has raised $160 million to fuel development of its capsule that is designed to take astronauts and cargo to space stations. These include mission contracts with companies including Starlab, which is designing a new space station, and Axiom Space.

Persons: Huby Organizations: TEC, CNBC, Venture, Balderton Capital, French Tech, Climate Fonds, The Exploration Company, SpaceX, European Space Agency, NASA Locations: China, Russia, Europe, U.S, India

☆ 5 things we're watching in the stock market in the week ahead
▼ + stars: | 2024-11-17 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

October retail sales, released Friday morning, came in slightly ahead of expectations, indicating a 0.4% monthly increase, versus a 0.3% increase expected. Disney's reported strong earnings and its stock advanced more than 16% for the week as a result. In the week ahead, we will get earnings from three Club names, including the highly anticipated quarter from Nvidia, and a couple of housing market-related updates. The Street is looking for Nvidia sales of $33.1 billion in its fiscal Q3 and earnings of 75 cents per share. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Donald Trump, Friday's, Jerome Powell, Powell, That's, YTD We're, we're, Jensen, Trump, Nvidia's, Stanley Black, Decker, Jim Cramer's, Jim Cramer, Jim, Angela Weiss Organizations: Dow, Nasdaq, Federal, Fed, Disney, Depot, Nvidia, TJX Companies, Home Goods, Blackwell, Palo Alto Networks, Home Depot, Stanley, Walmart, Viking Holdings, Sonoma, WSM, Baidu, PDD Holdings, Deere & Co, Warner Music Group, Intuit, Ross Stores, CNBC, Traders, New York Stock Exchange, AFP, Getty Locations: Maxx, U.S, China, Palo, VIK, Williams, New York City

☆ The 1982 Tylenol Murders: An Enduring Mystery
▼ + stars: | 2024-11-17 | by ( Brian Todd | ) edition.cnn.com time to read: +5 min

Editor’s Note: Learn more about the decades-old cold case of the Tylenol murders in the latest episode of “How It Really Happened,” airing Sunday at 9 p.m. A string of unsolved murders is the subject of a CNN Original Series documentary, ‘How It Really Happened: Tylenol Murders’ airing Sunday, November 17 at 9 p.m. When they gathered that afternoon, Adam’s brother Stanley Janus and Stanley’s wife, Theresa, also took Tylenol capsules from the same bottle. The most compelling suspect was James William Lewis, who investigators determined had sent a threatening letter to Johnson & Johnson, demanding $1 million to stop the Tylenol murders. As horrific as those deaths remain, the Tylenol murders did lead to safety measures which have very likely saved many lives.

Persons: Washington CNN —, Mary Kellerman, Mary, Kellerman, Adam Janus, Adam’s, Stanley Janus, Stanley’s, Theresa, Mary McFarland, Paula Prince, Mary “ Lynn ” Reiner, Johnson, Yvonne Hemsey, Tylenol, Helen Jensen, Janus, Sherlock Holmes, James William Lewis, Lewis, could’ve, ” James W, Keith Myers, Roger Arnold, Ted Kaczynski, Arnold, Kaczynski Organizations: CNN, Washington CNN, Health, Johnson, Kansas City Star, AP Locations: Chicago’s, Elk Grove Village , Illinois, Arlington Heights , Illinois, Chicago, Arlington, Kansas City, Mo, Texas

☆ Evercore ISI gives its top tech picks for 2025
▼ + stars: | 2024-11-17 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +6 min

Evercore ISI already named its favorite technology stocks to own heading into 2025. Against that background, Evercore ISI analysts recently picked five tech stocks they're most sure of entering next year. Arista Networks The cloud network equipment company's conservative revenue guidance for 2025 leaves room for upside potential, according to Evercore ISI. Evercore ISI raised its 12-month price target on Arista to $450 from $425, indicating more than 20% upside from Friday's close. International Business Machines IBM is likely to top revenue estimates in 2025, Evercore ISI said.

Persons: ChatGPT, haven't, Evercore, Amphenol, Donald Trump's, Vertiv, — CNBC's Michael Bloom Organizations: ISI, Arista, Arista Networks, Apple, Business Machines IBM, Evercore, IBM, Holdings Vertiv Holdings Locations: CY25, capex, Wallingford , Connecticut, Waterville , Ohio

☆ Laken Riley’s final moments: What we know from her phone and smartwatch data
▼ + stars: | 2024-11-17 | by ( Ashley R. Williams | ) edition.cnn.com time to read: +5 min

Her roommates called authorities. A left thumbprint with DNA matching Ibarra was later discovered on Riley’s phone, according to prosecutors. Her mom then called Riley’s three roommates, each of whom shared their phone’s locations with one another, including Riley’s. They reported her missing around 12:05 p.m.Riley’s smartwatch data captures struggleThe Garmin smartwatch Riley wore captured crucial data that prosecutors say give clues as to what happened as she struggled for her life. Her heart rate continued to show on the smartwatch data until just before 9:30 a.m.

Persons: CNN — Laken Riley, Riley, hadn’t, Riley wasn’t, She’d, ”, Jose Ibarra, asphyxiated, Ibarra, Connolly Huth, chatted, Huth, Holly Yan, Lilly Steiner, Sofia Magana, Riley’s, Garmin smartwatch Riley, Zachary Davis, Hyosub, CNN’s Rebekah Riess, Devon M, Sayers, Nick Valencia, Amanda Musa Organizations: CNN, University of Georgia, Prosecutors, Augusta, Netflix, Oconee Forest, University of Georgia police, Garmin, Clarke County Police Department Locations: Augusta University’s Athens, Athens , Georgia, Oconee, Athens, Clarke County, Devon

☆ The crypto industry plowed tens of millions into the election. Now, it’s looking for a return on that investment
▼ + stars: | 2024-11-17 | by ( Fredreka Schouten | ) edition.cnn.com time to read: +10 min

Crypto super PACs spent heavily on Republicans as well as key Democrats, including two who won open seats in the US Senate, Elissa Slotkin in Michigan and Ruben Gallego in Arizona. How Washington regulates the industry has enormous consequences for this burgeoning sector, along with the 52 million Americans who now hold digital assets. “The strategy is to have as many conversations with as many people in the Trump orbit as possible so that everyone has an understanding of what the crypto industry is most interested in,” she said. They also helped finance Fairshake, a crypto industry super PAC launched last year that was active in congressional contests. An industry super PAC spent $40 million to back to Republican Senate candidate Bernie Moreno in Ohio, who ousted three-term Democratic Sen. Sherrod Brown.

Persons: Donald Trump, Gary Gensler, Biden, Crypto, Elissa Slotkin, Ruben Gallego, Sam Bankman, “ Crypto, ” Kristin Smith, we’ll, that’s, ” Smith, ”, Smith, Dan Gallagher, Paul Atkins, Atkins, Gallagher, Bitcoin, Trump, –, It’s, Barron, Steve Witkoff, multibillionaire Elon Musk, Cantor Fitzgerald Howard Lutnick, Carlos Barria, Reuters Howard Lutnick, Cantor Fitzgerald, Marc Andreessen, Ben Horowitz –, Sergio Gor, Andreessen, “, Tyler, Cameron Winklevoss, Musk, Katie Porter, Massachusetts Sen, Elizabeth Warren, Porter, Adam Schiff, Bernie Moreno, Democratic Sen, Sherrod Brown, Brown, Moreno, Colin McLaren, ” Robert Weissman, Andreessen Horowitz, Kara Calvert, CNN’s David Wright Organizations: CNN, Trump, Securities, Exchange Commission, Industry, Crypto, Blockchain Association, SEC, Token Alliance, Liberty, Liberty Financial, of Government, Republican, Reuters, Venture, Biden, PAC, Democratic Rep, Democratic, Banking Committee, Commodities Futures Trading Commission, Cedar Innovation Foundation, Consumer, Public Citizen Locations: Washington, Michigan, Arizona, Madison, New York City, U.S, America, Bitcoin, Massachusetts, California, Ohio

☆ Trump's trade restrictions could be good for American semiconductor jobs
▼ + stars: | 2024-11-17 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

AdvertisementThe tariffs Donald Trump proposed while campaigning could help create US semiconductor jobs. To be sure, the impacts of a tariff policy on chips could be mixed. He said that the federal government should have implemented tariffs instead to motivate global chipmakers to build more factories in the US, which would then create jobs. AdvertisementTo be sure, the impacts of a tariff policy on chips could be mixed. In August, the White House said that investments supported by CHIPS Act funding would help create 115,000 construction and manufacturing jobs.

Persons: Donald Trump, podcaster Joe Rogan, Trump, Jeff Koch, SemiAnalysis, Patrick Moorhead, Jeff Ferry, Ferry, Stephen Ezell, Ezell Organizations: US, Industry, Biden, Samsung, Coalition for, Prosperous, Semiconductor Industry Association —, Intel, Information Technology, Innovation Foundation, Apple Locations: Taiwan, China, South Korea, Prosperous America, Arizona, India, United States

On the right, familiar conspiracy theories about voting popularized by President-elect Donald Trump continued to circulate. NewsGuard said there was “no evidence” that Starlink was used to interfere with the presidential election in Trump’s favor. As the 2024 election results were reported, social media users on the left began to speculate about Musk’s role in vote counting. “Kamala Harris left us a breadcrumb,” one TikTok user said about the updated language on the fund’s website in a video that received over 700,000 views. CISA responded to this speculation on its website’s “Rumor vs. Reality” resource, where it has debunked election misinformation.

Persons: Donald Trump, Kamala Harris, Sam Howard, NewsGuard, Elon Musk’s, Starlink, Max Read, ” Read, “, ”, denialism, ” NewsGuard’s Howard, ” Howard, Howard, Trump, weren’t, Musk, Joe Rogan, Theo Von, Harris, “ Starlink, Elon Musk, Jen, “ Kamala Harris, CISA Organizations: President, Facebook, NBC, Institute for Strategic, NBC News, Trump, Conservative, “, Cybersecurity, Infrastructure Security Agency, Fund, Republicans, Street Journal, Democratic National, Harris, Democratic Party, FBI Locations: NewsGuard’s U.S, U.S, Wisconsin, Trump’s, Pennsylvania, California

☆ Eight killed in stabbing attack at vocational college in eastern China
▼ + stars: | 2024-11-16 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +1 min

BEIJING — A former student went on a stabbing rampage at a vocational college in eastern China on Saturday, killing eight people and wounding 17 others, police said, adding it appeared the suspect was angry over not getting his graduation certificate and failing an exam. The knife attack took place at the Wuxi Vocational College of Arts and Technology in Yixing, part of Wuxi city in the eastern province of Jiangsu. The suspect was apprehended at the scene and confessed to his actions, police added. “According to preliminary investigations, the suspect, surname Xu — male, 21 years old, a 2024 graduate of the college — attacked others after failing an exam and not receiving his graduation certificate, as well as being dissatisfied with his internship compensation,” a statement by the Yixing Public Security Bureau said. It added that efforts were underway to treat the injured and investigate the case.

Persons: Xu —, — Organizations: Wuxi Vocational College of Arts and Technology, Yixing Public Security Bureau Locations: BEIJING, China, Wuxi, Yixing, Jiangsu, Zhuhai

For Brandon Mintz, it was the text messages and calls that started rolling in from friends and colleagues asking how high bitcoin prices could go. Strategic reserve could set off 'bitcoin space race'Under this idea, the U.S. would establish a “strategic bitcoin reserve,” like the ones it already maintains for gold and oil. A day later, Trump echoed the strategic reserve idea, though did not put a specific figure on it. On Nov. 6, Lummis posted on X in all-caps, “WE ARE GOING TO BUILD A STRATEGIC BITCOIN RESERVE,” alongside two American flags. For crypto supporters, a strategic bitcoin reserve would send a signal to markets and countries alike about the digital token’s value.

Persons: Brandon Mintz, Lee Bratcher, Donald Trump’s, Bratcher, ”, Trump’s, ’, Mintz, ” Mintz, they’ve, ‘, Ric Edelman, ” Edelman, JP Richardson, Trump, Nicholas Percoco, ” Percoco, —, Robert F, Kennedy Jr, Human Services —, Sen, Cynthia Lummis, Lummis, David Bailey, Michael Terpin, “, ” Terpin, He’s Organizations: American Blockchain, Republican, Texas Blockchain, NBC News, FBI, Trump, Securities and Exchange Commission, Commodity Futures Trading Commission, Edelman Financial Services, Liberty, Strategic, Bitcoin Conference, Department of Health, Human Services, Social Security, BTC Inc, Bitcoin Locations: Texas, Dallas, Bitcoin, bitcoin, U.S, Nashville

WASHINGTON — President-elect Donald Trump’s consistent campaign pledge to impose sweeping tariffs on products imported into the U.S. is likely to face stiff challenges in court and potentially pushback from Congress. There are potential legal limits to Trump’s authority, even though he has said he would unilaterally impose the increases. But a broad array of tariffs on allies “could cross the line,” especially as the Supreme Court has taken a generally pro-business stance in recent years, he added. During the Biden administration, the Supreme Court embraced a theory called the “major questions doctrine.” Biden’s ambitious plan to wipe out billions of dollars in student debt was one of the proposals the Supreme Court faulted. The Supreme Court declined to take up the issue.

Persons: Donald Trump’s, Trump, he’s, Joe Biden, ”, Alan Morrison, “, ” Morrison, ‘, ” Trump, Ed Brzytwa, Brzytwa, Sen, Rand Paul, Rick Scott, ” Scott, Petros Mavroidis, ’, Jennifer Hillman, Hillman, Biden, Matt Priest, “ We’ll, ” Priest Organizations: WASHINGTON, China . Industry, George Washington University Law School, Chicago Economic Club, National Bureau of Economic Research, Federal Reserve Board, Consumer Technology Association, “ Consumers, CTA, Fox News, Sunday, Republicans, Columbia Law School, Georgetown Law Center, of International Trade, Trump, Appeals, Federal Circuit, Supreme, Federal Communications, Federal Energy Administration, Footwear Distributors, Retailers of America Locations: U.S, Congress, China, United States, Ky, Canada

☆ During meeting with Biden, China's Xi cautions the U.S. to 'make the wise choice' to keep relations stable
▼ + stars: | 2024-11-16 | by ( ) www.cnbc.com time to read: +7 min

U.S. President Joe Biden meets with China's President Xi Jinping on the sidelines of the APEC Summit in Lima, Peru, on Nov. 16, 2024. Biden was expected to urge Xi to dissuade North Korea from further deepening its support for Russia's war on Ukraine. In front of the cameras Saturday, Xi spoke to Biden — but it was unmistakable that his message was directed at Trump. After he was greeted by Xi, Biden ignored shouted questions from reporters on his concerns about the incoming Trump administration as well as North Korea. Biden is looking for Xi to step up Chinese engagement to prevent an already dangerous moment with North Korea from further escalating.

Persons: Joe Biden, Xi Jinping, Donald Trump, Xi, Biden, haven't, We've, Trump, Warby Parker, Steve Madden, Kamala Harris, Jake Sullivan, Yoon Seok Yul, Shigeru Ishiba, Kim Jong, Pyongyang's, Kim Organizations: APEC, U.S, Economic Cooperation, U.S ., China -, Conference Center, Nike, Trump, White House, FBI, Ukraine, South, North, The North Locations: Lima , Peru, Beijing, U.S, Asia, China, North Korea, Ukraine, Lima's, Northern California, Russia, Taiwan, Moscow, United States, Russia's Kursk, Pyongyang, The, The North Koreans, Japan, South Korea, Xi, Peru

☆ Defense tech companies like Anduril hope Trump can streamline military contracts
▼ + stars: | 2024-11-16 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +4 min

Others in the defense industry are less optimistic. Tech billionaire Palmer Luckey's bet on the defense industry is paying off at Anduril, the drone-making company he founded. AdvertisementSacknoff said that procurement reform in the defense industry is not a new concept and that the Defense Department is always restructuring its contracting process. Richard Aboulafia, managing director at AeroDynamic Advisory, a consulting firm, said that reforming the defense industry will take time. AdvertisementSacknoff said the military defense business is always looking for a "counter" to the newest technology and that the growth of autonomous drones would likely bring more innovations to stop them.

Persons: Palmer Luckey, Anduril, Palmer Luckey's, Donald Trump's, Brian Schrimf, Schrimpf, Scott Sacknoff, Sacknoff, Richard Aboulafia, Abaulafia, DefenseScoop, Tesla, Eric Schmidt, Schmidt Organizations: Tech, Yahoo, Spade, Defense Department, Teledyne, Defense, Google Locations: Anduril, United States, Saudi Arabia

☆ Meet the OpenAI mafia: These 23 former employees left the AI juggernaut and founded startups that have collectively raised billions
▼ + stars: | 2024-11-16 | by ( Samantha Stokes | Riddhi Kanetkar | ) www.businessinsider.com time to read: +3 min

Dario Amodei, Daniela Amodei, Tom Brown, Jack Clark, Jared Kaplan, and Sam McCandlish, cofounders of AnthropicAnthropic's Dario Amodei, Jack Clark, and Daniela Amodei. Since then, the company has received billions in funding from both Google and Amazon in what some have termed an "AI arms race." CEO Dario Amodei, a former Google Brain researcher with a Ph.D. in computational neuroscience, has been writing about the cataclysmic potential of AI since 2016. Constitutional AI is partly the brainchild of two other OpenAI alums and Anthropic cofounders, Tom Brown and Jared Kaplan. Both Kaplan and Brown have worked on Anthropic's efforts to "red team" the company's flagship language model, Claude, probing for misuse possibilities.

Persons: Dario Amodei, Daniela Amodei, Tom Brown, Jack Clark, Jared Kaplan, Sam McCandlish, Anthropic Anthropic's Dario Amodei, Menlo Ventures Anthropic, Amodei's, Anthropic, —, Anthropic cofounders, Brown, Kaplan, Johns Hopkins, Claude, AGI, I'm Organizations: Google, Menlo Ventures, Bloomberg, Johns, OpenAI Locations: OpenAI, GPT

☆ Read the casual emails between Elon Musk and Sam Altman that kicked off OpenAI
▼ + stars: | 2024-11-16 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +5 min

AdvertisementElon Musk amended his lawsuit against OpenAI and Sam Altman, adding Microsoft as a defendant. Musk included emails between himself and Altman from 2015 in which they discussed starting OpenAI. Elon Musk unveiled several emails between himself and fellow billionaire Sam Altman this week as evidence in the Tesla CEO's lawsuit against Altman and OpenAI, shining a light on the casual beginnings of the now-$157 billion company. Musk helped found OpenAI in 2015 but has frequently criticized the company and its leaders in the years since. The SpaceX CEO left the AI startup in 2018.

Persons: Elon Musk, Sam Altman, Musk, Altman, OpenAI, Sam Musk, Bill Gates, Pierre Omidyar, Dustin Moskovitz, we'd, Peter Thiel, I've, Semafor Organizations: OpenAI, Microsoft, Business, SpaceX, Google, YC, Manhattan Project

☆ These 'best-in-class' stocks are rising fast so buy them quickly, Bank of America says
▼ + stars: | 2024-11-16 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

CNBC Pro combed through Bank of America research to find stocks the bank believes are "best-in-class." They include Carvana , ESAB, Netflix , Texas Roadhouse and Johnson Controls . Texas Roadhouse Analyst Sara Senatore is sticking with shares of the Texas-themed restaurant following earnings in late October. BofA says Texas Roadhouse benefits from low staff turnover, innovative technology and same-store sales that continue to improve. In addition, Senatore called traffic growth "best-in-class" with month-to-month improvement even as the wider industry battles numerous headwinds.

Persons: Jessica Reif Ehrlich, Reif Ehrlich, Sherif El, BofA, ESAB, Sara Senatore, Senatore, Johnson Organizations: Bank of America, CNBC, Netflix, Texas, Johnson Controls, BofA, Gaming, El, JCI Locations: Bank, El, Texas, U.S, North America

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