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☆ Infowars attracts ‘seven-figure’ auction bids that will decide fate of Alex Jones’ empire
▼ + stars: | 2024-11-12 | by ( Hadas Gold | ) edition.cnn.com time to read: +5 min

New York CNN —On Wednesday morning, conspiracy theorist Alex Jones’ notorious Infowars media empire will go up for auction in a court-mandated sale, and at least one bid is in the “seven-figure” range, a person familiar with the matter told CNN. Jones was found guilty of defamation by juries in Texas and Connecticut for using his Infowars megaphone to falsely claim the massacre was a hoax. But if “bad guys” buy Infowars, as Jones put it Monday, he’ll “keep broadcasting until they show up” after the Wednesday auction and shut down the fringe outlet. The Onion CEO Ben Collins was previously a journalist at NBC where he extensively covered disinformation and conspiracy theorists, including Jones and Infowars. The Barbed Wire, a progressive Texas-based outlet, said it had planned to bid in the Infowars auction but ultimately decided against it.

Persons: Alex Jones ’, ”, Jones, Sandy, “, ” Jones, Infowars, Roger Stone, Donald Trump, Stone, he’ll, AJNLive, they’re, imploring, Sandy Hook, Ben Collins, Collins, Christopher Mattei Organizations: New, New York CNN, CNN, Elementary, AP, NBC, Elon, ” Representatives, Media Locations: New York, Texas, Connecticut, Infowars

☆ Activist investor ValueAct has $1 billion stake in Meta, sources say
▼ + stars: | 2024-11-12 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +1 min

Activist investor ValueAct has a $1 billion stake in Facebook parent Meta , according to people familiar with the matter. ValueAct has a long history of investing in technology companies, and is generally considered to be more constructivist and collaborative than other activist funds. Meta is the parent company of Facebook, Instagram and WhatsApp. It is one of the largest companies to be targeted by an activist investor, with a market cap of nearly $1.5 trillion. Morfit has also pushed for change at other, smaller technology companies, including Spotify.

Persons: Mark Zuckerberg, ValueAct, Mason Morfit, Nelson Peltz's Trian, Meta, Brad Gerstner's, Gerstner, Morfit, — CNBC's David Faber Organizations: Meta, Inc, Orion, Facebook, Disney, Nelson Peltz's Trian Partners, Microsoft, Spotify Locations: Menlo Park , California

☆ What investors need to consider when choosing a dividend-paying fund
▼ + stars: | 2024-11-12 | by ( Lorie Konish | ) www.cnbc.com time to read: +3 min

Jamie Grill | Tetra Images | Getty ImagesFor investors who want income, dividends may provide an answer. Dividend investment options may come in the form of single company stocks or dividend-paying funds, like exchange-traded funds or mutual funds. However, dividend-paying funds like ETFs or mutual funds may provide a broader exposure to dividend securities, often at lower costs, she said. For investors who are considering putting a portion of their portfolios in dividend-paying strategies to fulfill their income-seeking goals, there are some things to consider. What kind of dividend-paying fund fits my goals?

Persons: Jamie Grill, Leanna Devinney, Devinney, Daniel Sotiroff, Sotiroff, it's Organizations: Fidelity Investments, Morningstar, Apple, Microsoft, Vanguard Locations: Hingham , Massachusetts

☆ The Federal Reserve is trimming rates, and these higher-yielding assets could be called back soon
▼ + stars: | 2024-11-12 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

The Federal Reserve last week dialed back interest rates by a quarter point, bringing its target rate range down to between 4.5% and 4.75%. Give and take In addition to buying CDs directly from a bank, investors can also shop for brokered CDs through their brokerage. Indeed, a client holding a 12-month brokered CD with an APY of 4.65% had their instrument called with six more months to go, he said. The Federal Deposit Insurance Corp. backs bank CDs and savings accounts up to $250,000 per depositor and per ownership category. "The time with the brokered CDs has probably come to an end," he said.

Persons: Banks, Marcus, Goldman Sachs, Malcolm Ethridge, There's, noncallable, Ethridge, They're, Dinon Hughes Organizations: Federal Reserve, Capital Area, Vanguard, Nvest, Capital, Federal Deposit Insurance Corp, Treasury, ., Bond, SEC Locations: BTIG, Washington ,, Portsmouth , New Hampshire, Kennebunk , Maine

☆ Family offices becoming 'economic powerhouse' in private company deals
▼ + stars: | 2024-11-12 | by ( Robert Frank | ) www.cnbc.com time to read: +2 min

Family offices are increasingly bypassing private equity funds and buying stakes in private companies directly, according to a new survey. Half of family offices plan to do "direct deals" — or invest in a private company without a private equity fund — over the next two years, according to a family office survey from Bastiat Partners and Kharis Capital. As they grow in size and sophistication, family offices are becoming more confident about finding and negotiating their own private equity deals. "Family offices are being gradually recognized as an economic powerhouse in private markets," according to the report. The big challenge for family offices as they do more direct deals is so-called "deal flow," or the volume of possible deals.

Persons: Robert Frank Organizations: Bastiat Partners, Kharis

☆ What Trump's election victory means for global investors — and why it's different to 2016
▼ + stars: | 2024-11-12 | by ( Ganesh Rao | ) www.cnbc.com time to read: +6 min

President-elect Donald Trump's return to the White House has sent ripples through global financial markets, with many investors looking to recalibrate their portfolios for a dramatically different policy landscape ahead. Higher Treasury yields mean higher interest rates for corporate borrowers. Trump's tariffs Perhaps the biggest concern for investors globally is Trump's campaign promise of aggressive new tariffs , including the potential for a universal 10% tariff on all imports and a 60% tariff on Chinese goods. However, some Asian nations might benefit if higher tariffs on China prompt manufacturers to relocate. Europe Most analysts agree that U.S. trade tariffs are likely to hurt Europe, with some companies able to navigate the challenges better than others.

Persons: Donald Trump's, Russell, Mislav Matejka, David Seif, Goldman Sachs, Gareth Leather, Macquarie, Aditya Suresh, Mark Diethelm, Diethelm, Emmanuel Cau, — CNBC's Michael Bloom Organizations: White, Republican, Trump, U.S, Nasdaq, Treasury, Nomura, Federal Reserve, Asia Capital Economics, Capital Economics, U.S ., Union, Morningstar, Logitech, Barclays Locations: Congress, Treasurys, Trump's, U.S, United States, Korea, Taiwan, China, Vietnam, Asia, India, Europe

☆ Saudi Arabia parts ways with the CEO of Neom, its new desert megacity
▼ + stars: | 2024-11-12 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

The CEO of Neom, Nadhmi al-Nasr, has stepped down from the role after six years. Saudi Arabia's ambitious megacity scaled back targets earlier this year. AdvertisementThe CEO of Saudi Arabia's ambitious Neom project has abruptly stepped down after six years in the role. It's a key part of Saudi Arabia's Vision 2030 project that aims to diversify the kingdom's economy away from oil by launching new industries and attracting more tourists. Neom has also faced staffing challenges, with reports earlier this year that two executives were involved in a physical confrontation.

Persons: Nadhmi al, Nasr, Neom, —, Nadhmi, Aiman, Malcolm Aw, Abdul Rahim al, Antoni Vives Organizations: Service, Saudi, Street Journal, Public Investment Fund, Journal, Neom Locations: Saudi, Saudi Arabia

☆ The winners of Wall Street bonus season this year: the underwriters
▼ + stars: | 2024-11-12 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +4 min

It predicted that some financial services professionals could see year-end bonus increases of as much as 35% over last year. AdvertisementThe financial professionals poised to rake in the most, meanwhile, are not the usual "rainmakers" of Wall Street, but rather a more behind-the-scenes group: the underwriters. Here's a look inside three slides that illustrate key findings from the Johnson Associates report. Debt underwriters stand to see the biggest bonus bumps this year — up to 35% over 2023, Johnson Associates founder Alan Johnson told BI. AdvertisementJohnson sees bonuses for asset management professionals increasing anywhere from 7% to 12% and bumps of 5% to 15% for hedge fund employees.

Persons: Johnson, —, Goldman Sachs, Alan Johnson, it's Organizations: Service, Johnson Associates, Goldman, Blackstone, underwriters, Debt, Equity, Investment, Federal

☆ Hedge funds performed better under Democratic presidents than Republican ones, history shows
▼ + stars: | 2024-11-12 | by ( Leslie Picker | ) www.cnbc.com time to read: +1 min

NYSEThere's been a rush of enthusiasm on Wall Street regarding Donald Trump's election win, but hedge funds actually generate more alpha when the White House is occupied by a Democrat president than a Republican one, according to HFR, collating data going back to 1991. But during Democratic administrations, the gap was about 183 basis points, with hedge funds delivering average, annualized returns of 10.16%, compared to 11.99% from the S&P 500. Zoom In Icon Arrows pointing outwards HFRWhen compared with the a bond index, HFR found that hedge funds under both parties outperformed – with stronger alpha when a Democrat was in the White House. Zoom In Icon Arrows pointing outwards HFRSurprisingly, the way that hedge fund participants donate in elections was a bit more tilted toward one party. Zoom In Icon Arrows pointing outwards Open Secrets

Persons: Donald Trump's, annualized, HFR Organizations: New York Stock Exchange, NYSE There's, Republican, Democratic, Democrat Locations: HFR

☆ Honeywell jumps on activist push for a breakup. Here's our plan for the stock now
▼ + stars: | 2024-11-12 | by ( Morgan Chittum | ) www.cnbc.com time to read: +4 min

The news Activist hedge fund Elliott Management on Tuesday disclosed a more-than-$5 billion stake in Honeywell —arguing the industrial conglomerate should consider a breakup. Elliott's position in Honeywell is its largest ever in a single stock, according to Bloomberg News, which first reported the activist's plans. The crux of Elliott's plan is a separation of Honeywell's aerospace and automation businesses into standalone companies. Honeywell's stock is up nearly 32% over the past five years compared with a 92% gain for the broader S & P 500 . Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer isn't, Elliott, Honeywell —, Stacey Jones, Vimal Kapur, Jim, Honeywell, we've, We've, Jim Cramer's, Jim Cramer Organizations: Honeywell, Elliott Management, Bloomberg News, CNBC, Carrier, Wall, Robotics, Honeywell Intelligrated

☆ SoftBank posts blowout quarterly gains at Vision Fund tech arm
▼ + stars: | 2024-11-12 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +4 min

The broader Vision Fund segment as a whole, which also factors in non-investment performance such as administrative expenses and gains and losses attributable to third-party investors, reported a gain of 373.1 billion yen. It had declared a loss of 204.3 billion yen in the company's first fiscal quarter. The Vision Fund has been cashing in on the success of the September 2023 listing of smartphone chip designer Arm Holdings , in which it owns a sweeping majority stake of around 90%. The group's print benefitted from investment gains of 1.28 trillion yen on shares of Chinese retail giant Alibaba and of 566.2 billion yen on stock of T-Mobile. On Tuesday, it said it had repurchased a cumulative 153.8 billion yen in shares by the end of the second quarter.

Persons: Toru Hanai, Didi, Son, Elliott Organizations: SoftBank Corp, SoftBank Group Corp, Bloomberg, Getty, Vision Fund, Arm Holdings, Nvidia, Yahoo, SoftBank, Mobile, Elliott Management, CNBC, Barclays Locations: Tokyo, Japan, Norwegian, Mobile . Tokyo, SoftBank

☆ David Einhorn to speak as the priciest market in decades gets even pricier postelection
▼ + stars: | 2024-11-12 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Hedge fund investor David Einhorn's cautious stance all year made his performance suffer as he navigated what he believes is the priciest stock market of his career at Greenlight Capital. Einhorn's hedge fund returned just 9% in 2024 through the end of the third quarter, net of fees and expenses. The high-profile investor said he's neither calling the market a bubble nor being outright bearish, but sky-high prices caused him to be conservatively positioned. It is, by many measures, the most expensive stock market that we have seen since the founding of Greenlight," Einhorn said in the latest investor letter last month. Investors will be interested to hear if he's still finding any values.

Persons: David Einhorn's, he's, Einhorn, Greenlight, Einhorn postelection, Viatris Organizations: Greenlight, Alpha, Trump Locations: Einhorn's, Greenlight, New York City

☆ Hedge funds performed better under Democratic presidents than Republican ones
▼ + stars: | 2024-11-12 | 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 EmailHedge funds performed better under Democratic presidents than Republican onesCNBC's Leslie Picker joins 'Closing Bell: Overtime' to discuss hedge fund performance under the two major political parties.

Persons: CNBC's Leslie Picker Organizations: Democratic

☆ This Trump trade is an underappreciated opportunity, says Janus Henderson
▼ + stars: | 2024-11-12 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Financial and energy stocks have jumped since last week's election, but there's another area of opportunity that investors could be missing out on, according to Janus Henderson. The market has rallied since President-elect Donald Trump' s victory, although it took a breather on Tuesday. However, financial stocks may have "gotten in a bit ahead of themselves," said Jeremiah Buckley, a portfolio manager at Janus Henderson. In addition, there is great research and development happening in health care right now, especially in health-care services, Buckley added. Among the funds Buckley oversees at Janus Henderson is the U.S. Dividend Income Fund .

Persons: Janus Henderson, Donald Trump, Jeremiah Buckley, Trump, Buckley, Eli Lilly, Amgen Organizations: Trump, P Health Care Services, UnitedHealth, Gilead Sciences

☆ The interest rate on my high-yield savings account keeps dropping. I asked 3 experts how to earn more on my cash.
▼ + stars: | 2024-11-12 | by ( Christine Ji | ) www.businessinsider.com time to read: +9 min

My bank has lowered the APY on my high-yield savings account by almost half a percent recently. AdvertisementIt's never pleasant to receive an email from your bank informing you that the interest rate on your high-yield savings account is decreasing. From August until the end of October, the annual percentage yield (APY) on my high-yield savings account has fallen from 4.6% to 4.2%. After paying off my bills every month, I would put the remainder of my paycheck into my high-yield savings account and watch the number creep up. Is there anything I can do about the state of my savings account, or do I have to watch my yield erode away slowly?

Persons: I'm, —, I've, Jerome Powell, Patti Black, it's, Jerome Powell's, Black, Daniel Milan, Milan, that's, Richard McHorter, There's, McHorter, Trump's, What's, Zer, Christine, cji Organizations: Service, Federal Reserve, Savant Wealth, Cornerstone Financial Services, SRM Private Wealth, Treasury Locations: Milan, California, New York City

☆ Likely narrow GOP House majority could put Trump's tax cuts in jeopardy, says Raymond James
▼ + stars: | 2024-11-12 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +2 min

"In 2025, Trump's influence on Congressional Republicans will be stronger but his margin in the House will be in the single digits (down from 47 in 2017). … The narrow House majority will complicate the passage of any tax bill in 2025," he said. Mills said the GOP is expected to use the budget reconciliation process to pass any of President-elect Trump's tax proposals. That measure, known as the Tax Cuts and Jobs Act , ultimately passed and went into effect in 2018. Wolfe Research analyst Tobin Marcus also thinks passing a tax bill is a "complex challenge" with such narrow majorities across the House and the Senate.

Persons: Raymond James, Donald Trump, Ed Mills, Mills, Trump's, Tobin Marcus, Marcus Organizations: Democrats, NBC News, Republican Party, Congressional, GOP, Republicans, Act, IRA, Wolfe Research, Senate Locations: Washington

☆ Investors go long stocks by the most in 11 years following Trump’s victory, BofA fund survey shows
▼ + stars: | 2024-11-12 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

Bank of America's global fund manager survey showed the percentage of portfolio managers who are overweight U.S. stocks soared to 29% — its highest level since August 2013 — from 10% before the U.S. presidential election. Small caps, which stand to benefit greatly from less regulation, reduced taxes and faster economic growth, have outperformed large caps since the election. .SPX DJIA,.IXIC,IWM YTD mountain SPX, Nasdaq, Dow and IWM year to date BofA's chief investment startegist Michael Hartnett noted this trend is likely to continue. "Post-election results show net 35% [of fund managers surveyed] expect small caps to outperform large caps, which would have been the most since Feb'21," he said. This would make it next to impossible for the Federal Reserve to justify lowering interest rates, which could hurt equities — especially small caps.

Persons: —, Stocks, Donald Trump, Russell, SPX DJIA, startegist Michael Hartnett Organizations: Bank of, U.S, Dow Jones Industrial, Nasdaq, Dow, Federal Reserve, Atlantic, Nvidia Locations: Nasdaq

☆ SoftBank is betting on AI and an IPO revival after swinging to a $7.7 billion profit
▼ + stars: | 2024-11-12 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

SoftBank reported a $7.7 billion quarterly profit on Tuesday after a loss last year. SoftBank Vision Fund's CFO told BI that "macro tailwinds" helped its public portfolio. AdvertisementGains for its Vision Fund 1, a $98.6 billion investment vehicle launched in 2016 with backing from Abu Dhabi and Saudi Arabia's sovereign wealth funds, totaled $3 billion in the second quarter. Despite the investment gain, Vision Fund 2 has lost an overall total of $21 billion since its inception. The results come as SoftBank gears up for a huge investment spree in AI to realize Son's ambitious vision.

Persons: SoftBank, —, Masayoshi, Didi Chuxing, Navneet Govil, Ola, Govil, PayPay Organizations: Service, Funds, Vision, IPOs, Nvidia Locations: Abu Dhabi, Saudi, China, OpenAI, Mexico, India, ByteDance

☆ ETF world buzzing about new cash flooding into funds seen winning from Trump trades
▼ + stars: | 2024-11-11 | by ( Bob Pisani | ) www.cnbc.com time to read: +7 min

"For example, during Trump's previous administration, deregulation in the energy sector boosted oil and gas stocks, benefiting energy ETFs." Aggregate Bond ETF (AGG) and Vanguard Total Bond Market Index Fund ETF (BND), two of the world's largest bond ETFs, and longer-term funds like iShares 20+ Year Treasury Bond ETF (TLT). Crypto ETFS having big year and getting bigger Since launching in January, crypto ETFs have attracted roughly $70 billion in assets, one of the most successful ETF launches ever. Bitcoin ETFs including the iShares Bitcoin Trust (IBIT), the largest bitcoin ETF by assets under management, have seen significant inflows since October. Rosenberg at Texas Capital acknowledges that certain ETF sectors, like industrials ( Vanguard Industrials Index Fund ETF , or VIS; iShares U.S. Industrials ETF , or IYJ), "could be hurt by more tariffs."

Persons: Trump, Tom Lydon, John Davi, iShares Russell, ROE, Matt Bartolini, Bartolini, Gavi, Edward Rosenberg, Gary Gensler, Michael Novogratz, Cathie Wood, Todd Sohn, Wood, Davi, Rosenberg, industrials Organizations: Astoria, CNBC, Potential Trump, Bank ETF, Assets ETF, Trump, ETF Research, Street Global Advisors, Regional Bank ETF, Treasury, Aggregate Bond, Vanguard, Fund, Treasury Bond ETF, Texas, SEC, Commodity Futures, Galaxy Digital Holdings, ARK, Innovation, ARKK, Downside, China ETF, Texas Capital, Index, Industrials, U.S, Edge Locations: Astoria, Congress, rulemaking, Coinbase, China, Mexico

☆ Top tech fund manager at T. Rowe Price gives his best postelection picks from here
▼ + stars: | 2024-11-11 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

A top technology fund manager is laying out his favorite names in the sector going forward. "It's an exciting time where we're seeing productivity really get enhanced, and perhaps this being a really big industrial economic productivity increaser," Tony Wang, portfolio manager of T. Rowe Price's science and technology equity strategy, told CNBC's " Squawk Box " on Monday. Now, Wang believes the tide is shifting in favor of software companies and app developers launching and integrating AI products. Applovin surged 77%, scoring its best week on record, following a strong earnings report . "Technology trends are often on an exponential adoption curve, and a lot of times the market … underestimates these tech transitions."

Persons: Tony Wang, Rowe, CNBC's, Wang, Applovin Organizations: Nvidia, Wang, Marvell Technology Locations: ChatGPT, allocator

☆ This other Elon Musk proxy is up more than 200% since the election
▼ + stars: | 2024-11-11 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

The election victory of Donald Trump is sparking a huge rally for investments tied to Elon Musk , even indirectly. The fund is now up more than 200% since Election Day. The rally is not too surprising given that Musk campaigned with the president-elect and that Tesla has also rallied sharply since the election. However, the price of the Destiny fund could give some investors pause. The latest unaudited financial report for the fund showed net asset value per share of $5.15 as of June 30.

Persons: Donald Trump, Elon Musk, —, Musk, Tesla, DXYZ, Sohail Prasad Organizations: New York Stock Exchange, SpaceX, CNBC

She says everyone should invest in crypto, but not if you're investing money you can't afford to lose. Exchange-traded funds or mutual fundsExchange-traded funds (ETFs) and mutual funds are a great way to buy into the market without cherry-picking individual stocks, says Tu. Mutual funds, on the other hand, are a group of stocks and other assets typically handled by a fund manager to maximize profits. Real estate investment trustsA real estate investment trust (REIT) is a company that owns, operates, and invests in income-producing rental properties. With some of the best real estate investing apps, you can start investing with as little as $10.

Persons: Wall Streeter Vivian Tu, —, Vivian Tu, doesn't, They're Organizations: Service, Exchange, Mutual, Apple, Disney Locations: YOLO, cryptocurrency

☆ Investors should stay with their long-term financial plans no matter who is in the White House, advisors say
▼ + stars: | 2024-11-11 | by ( Sharon Epperson | In Sharoneppersoncnbc | ) www.cnbc.com time to read: +2 min

Yet, Wall Street's reaction to the election outcome does not reflect how many Americans feel about the state of their personal finances, some financial experts say. Feelings, however, should not overshadow anyone's focus when assessing the potential impact of a second Trump presidency when it comes to finances, advisors say. "Stick to your long-term financial plan, adjusting only when your personal circumstances or goals change." However, improving your personal economy is possible by taking better control of your money, experts say. Increase savings goals Boost savings goals in accounts that also offer tax breaks.

Persons: Sharon Epperson, Stocks, Donald Trump, Rianka Dorsainvil, Dorsainvil, Roth, Roth IRAs, you've, Lee Baker, Joe Biden Organizations: Federal Reserve, Dow Jones, Nasdaq, Trump, YGC, CNBC, Financial, U.S, Reuters Locations: Atlanta

☆ Climate Action 15: 2024's Leading Innovators for a Sustainable Future
▼ + stars: | 2024-11-11 | by ( ) www.businessinsider.com time to read: +40 min

Editor's note: Business Insider's reporters and editors nominated leaders based on insights from past Climate Action honorees, expert sources, and reader submissions. Courtesy of Jayson RicamaraSaudi Arabia, with its hot desert climate and little fresh water, is one of the most difficult farming environments. AdvertisementIyris in October also launched a sustainable-farming pilot in Saudi Arabia with chemical and plastic manufacturers as well as companies including Red Sea Global, a luxury tourism developer. A UN climate panel estimated that harnessing wave energy could supply 20% more electricity than the world produced in 2022. The US is trying to shore up its own mining and manufacturing base to curb China's power, including in battery recycling.

Persons: Derya Baran, Iyris Derya Baran, Jayson Ricamara, Baran, SecondSky, who's, Inna Braverman, Braverman, David Leb, Charles Callaway, Environmental Justice Charles Callaway ., Callaway, Clara, Gretchen Cara Daily, Stanford University Gretchen Cara Daily, Daily, NatCap, Juan Carlos Navarro, Panama Juan Carlos Navarro, Panama Navarro, José Raúl, Haiti —, Navarro, del, Reinhold Gallmetzer, Reinhold, Gallmetzer, Brazil's JBS, packer, Diane Gilpin, Smart Green Shipping Diane Gilpin, Gilpin, Drax, Roberta Tuurraq Glenn, Borade, Savok Glenn, Glenn, Cynthia Houniuhi, Houniuhi, it's, Arvind Kumar, Prasad, Rice, Kumar, Ari Matusiak, Gazur, Matusiak, —, Duncan McIntyre, McIntyre, Altenex, Ozane, Biden, It's, Delta, Liz Ricketts, Charlie Engman Ricketts, Ricketts, Ricketts didn't, Chao Yan, Princeton NuEnergy Chao Yan, Yan Organizations: Iyris, United Arab, King Abdullah University of Science, Technology, Red, Eco, UN, Eco Wave Power, Shell, Environmental Justice, Proctor Academy For Callaway, Metropolitan Transportation Authority, Green Institute, Callaway, Natural, Stanford University, Stanford, Facility, Ministry, Environment, Panama's, UNESCO, US State Department, National Association for, Nature, Center, for, Carrefour, Nestlé, Smart Green Shipping, Scottish Enterprise, International Windship Association, Maritime Organization, Union, Alaska Arctic Observatory, National Weather Service, AAOKH, University of Alaska, Pacific Islands, University of, International Court of Justice, United Nations, Prasad Seeds, Labor, Prasad, International Rice Research Institute, Rewiring, Reduction, Communities, Highland Electric, Schools, Highland, Beverly Public Schools, Fortune, Edison International, Louisiana, US Department of Energy, Ozane, White, LNG, Vessel Project, Biden, Department of Energy, Kantamanto, London . Brands, McKinsey, Princeton, New Jersey Institute of Technology, Princeton University, Princeton NuEnergy, Energy, Laboratory, EV Locations: Jayson Ricamara Saudi Arabia, Saudi Arabia, United Arab Emirates, Egypt, Spain, Ukraine, Cherkassy, Israel, Gibraltar, Port of Los Angeles, Porto, Portugal, West Harlem, New York City, Clara Hale, Costa Rica, Belize, China, NatCap, Stanford, Panama, Colombia, Venezuela, Haiti, Panama City, Brazil, Peru, Brazilian, , Norway's, Barrow, Furness, Alaska, University of Alaska Fairbanks, Utqiaġvik, Fanalei, Solomon Islands, Fiji, Vanuatu, Tonga, Asia, Saharan Africa, India, Philippines, Nepal, Bangladesh, Africa, Hyderabad, South, Southeastern Asia, Subhanpur, Rewiring America, Massachusetts —, Sulphur , Louisiana, Calcasieu, Vessel Project Louisiana, Accra, Ghana, New York, London, Kantamanto, Taiyuan, China's Shanxi, Argonne, South Carolina

☆ Sam Altman thanks Elon Musk for helping to initially bankroll OpenAI — and says now is a great time for tech founders
▼ + stars: | 2024-11-11 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +3 min

OpenAI chief Sam Altman urged would-be founders to bet on AI. Despite their current feud, Altman said he was "very grateful" for Elon Musk's early backing. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAnd despite their contentious relationship today, Altman said he was "very grateful" to Elon Musk for helping to fund OpenAI in its early days. OpenAI hit back last month, saying Musk was harassing the company for "his own competitive advantage" in the name of his rival firm, xAI.

Persons: Sam Altman, Altman, Elon Musk's, —, Y, Garry Tan, you've, Elon Musk, Musk, OpenAI, it's Organizations: Service, Business

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