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☆ An AI startup CEO on a Forbes '30 Under 30' list has been charged with defrauding investors out of $10 million
▼ + stars: | 2024-11-19 | by ( Jack Newsham | ) www.businessinsider.com time to read: +2 min

Federal prosecutors have charged the founder of an education technology startup spun out of Harvard who was recognized on a Forbes 30 Under 30 list in 2021 with fraud. AdvertisementAllHere, which came out of the Harvard Innovation Lab, created an AI chatbot that was supposed to help reduce student absenteeism. Smith-Griffin was featured on the Forbes 30 Under 30 list for education in 2021. AllHere's investors included funds managed by Rethink Capital Partners and Spero Ventures, according to a document filed in bankruptcy court. Representatives for Harvard, Forbes, and Inc. didn't immediately respond to a comment request on Tuesday.

Persons: Joanna Smith, Griffin, Smith, Sam Bankman, Charlie Javice, Martin Shkreli —, spotlighted, Damian Williams, AllHere, didn't, Griffin wasn't Organizations: AllHere, Forbes, Harvard Innovation, Los Angeles Unified School District, Inc, Prosecutors, New York City Department of Education, Atlanta Public Schools, Capital Partners, Spero Ventures, Harvard Locations: Harvard, New York, North Carolina

☆ Nvidia boss Jensen Huang predicts computing power will increase a 'millionfold' in a decade
▼ + stars: | 2024-11-19 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +2 min

AdvertisementJensen Huang made a bold prediction that computing power will increase a millionfold in a decade. So-called "scaling laws" observe that AI models get smarter with more computing power. Nvidia CEO Jensen Huang has said that the computing power driving advances in generative AI is projected to increase by "a millionfold" over the next decade. In a special address on Monday, the billionaire chip boss told an industry conference in Atlanta that computing power was seeing a "fourfold" increase annually. OpenAI, for instance, is facing slower rates of improvement with its upcoming AI model, Orion, according to The Information.

Persons: Jensen Huang, Huang, Ilya Sutskever, they've Organizations: Nvidia, Companies, Orion, Reuters Locations: Atlanta, Silicon Valley

☆ OpenAI head of product shares 5 tips for using ChatGPT
▼ + stars: | 2024-11-19 | by ( Jaures Yip | ) www.businessinsider.com time to read: +5 min

AdvertisementOpenAI Head of Product Nick Turley said users should experiment with ChatGPT's voice mode. Turley offered chatbot users tips on how to upload documents or make their own GPTs. Many people use ChatGPT to create recipes or write work emails, but OpenAI's Head of Product Nick Turley has some handy tips users might want to try. ChatGPT's voice feature comes in nine human-like voices developed with professional voice actors, which can be changed in the website's settings, according to the company. "It is a completely different way of using ChatGPT," Turley said.

Persons: Nick Turley, Turley, OpenAI, It's, they've, ChatGPT, you've Organizations: Twitter, Pixar, Enterprise

☆ Baron small-cap funds have beaten the market for decades. These are their picks in AI, data & sports
▼ + stars: | 2024-11-19 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

The Baron Growth Fund (BGRFX) , Baron Small Cap Fund (BSCFX) and Baron Discovery Fund (BDFFX) all invest in the small-cap universe, and they have produced double-digit annualized returns since inception and outperformed their respective benchmarks, according to Morningstar. Total small-cap growth exposure recently hit a 10-year low when investors are shunning the asset class. The Baron Growth and Small Cap funds were created in the 1990s, while the Baron Discovery Fund was launched in 2013. Small companies, which are more domestic-oriented and cyclical, are seen as beneficiaries from President-elect Donald Trump's tax cuts and protectionist policies. "We do an incredible amount of research on these companies, which allows us to find small companies that can have great competitive advantage.

Persons: Baron Capital, Baron, Morningstar, Laird Bieger, Donald Trump's, Russell, Randolph Gwirtzman, Gwirtzman, DraftKings Organizations: Baron Capital, Baron, Baron Growth, Fund, Baron Discovery Fund, Morningstar, Kratos Defense, Security Solutions, Tempus, Gartner Locations: New York

☆ With Elon Musk in tow, Trump eyes changes to government policies on AI and its risks
▼ + stars: | 2024-11-19 | by ( Anna Cooban | ) edition.cnn.com time to read: +8 min

The Republican document said the executive order contained “radical leftwing ideas” that hindered innovation. The most advanced AI systems could, in the worst case, “pose an extinction-level threat to the human species,” the report said. A related document said AI systems could be used to implement “high-impact cyberattacks capable of crippling critical infrastructure,” among a litany of risks. However, he worries that a repeal of Biden’s executive order would spell the end of the US government’s AI Safety Institute. It is possible that that would be the subject of a future Trump executive order,” said Strait.

Persons: London CNN — Donald Trump, Elon Musk, Joe Biden, Sandra Wachter, ”, Andrew Strait, Ada Lovelace, Strait, Kamala Harris, Musk, Steve Kramer, Dean Phillips, Biden, Phillips ’, Taylor Swift, Alexandria Ocasio, Cortez, ” Manoj Chaudhary, What’s, It’s “, Trump, ” Strait, Gavin Newsom, JD Vance, “, Musk’s Tesla Organizations: London CNN, White House, Republican Party, Republican, Oxford Internet Institute, Oxford University, CNN, Ada, Ada Lovelace Institute, US Department of Homeland Security, Democratic, US State Department, AI Safety, “ Department, Government, Trump Locations: London, United States, New Hampshire, Alexandria, Colorado, New York, ”, California

☆ Insana: Stock market exuberance after Trump’s win could be overshadowing economic worries
▼ + stars: | 2024-11-19 | by ( Ron Insana | ) www.cnbc.com time to read: +5 min

In the wake of President-elect Donald Trump's Nov. 5th victory, the stock and bond markets have had decidedly different reactions to the news. Initially, the stock market surged, while bonds sold off and drove interest rates higher. The bond market, along with other inflation indicators, have shown some concern about the notion that tax cuts pay for themselves. There have also been worries that the Trump tax cuts, if extended, would add considerably to annual deficits and the sum of the national debt. The stock market is viewed more favorably by many, as was Zeus in "Clash of the Titans."

Persons: Donald Trump's, Biden, Trump, Elon Musk, Vivek Ramaswamy, Ramaswamy, Ron Insana Organizations: Nasdaq, Trump, of Government, Social Security, Congressional, Office, CNBC Locations: U.S, Trump's, China

☆ Watch CNBC's full interview with C3 AI CEO Tom Siebel
▼ + stars: | 2024-11-19 | 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 EmailWatch CNBC's full interview with C3 AI CEO Tom SiebelTom Siebel, C3 AI CEO, joins 'Closing Bell Overtime' to talk expanding its Microsoft partnership, impact of Trump administration, and more.

Persons: Tom Siebel Tom Siebel Organizations: C3, Microsoft, Trump

☆ RFK Jr. is Trump's pick to lead HHS — here's what he could do with that power
▼ + stars: | 2024-11-19 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +13 min

Kennedy will likely have some influence over who the president-elect chooses for those roles, health policy experts said. Ultimately, Kennedy's influence over immunization policy could lead to an increase in diseases preventable by vaccines, several health policy experts told CNBC. Investors are already bracing for a crackdown on food policy, with shares of processed food companies, such as Pepsi and Coca-Cola , falling on Friday. Seigerman said "there is little precedent in recent history for HHS policy dictating or affecting FDA regulation or approval of drugs." In 2023, pharmaceutical companies spent nearly $3 billion on advertising for the 10 most promoted drugs.

Persons: Robert F, Kennedy Jr, Thomas Machowicz, Donald Trump, Kennedy, Trump, trifecta, Spokespeople, Brandon Guerrero, Christina House, Gostin, Josh Michaud, Lawrence Gostin, Michaud, he's, Genevieve Kanter, Kanter, Covid, Richard Frank, Frank, Evan Seigerman, Seigerman, Dave Latshaw, Latshaw, Drugmakers, Joe Biden's, Amy Campbell Organizations: Reuters, Department of Health, Human Services, Republican, HHS, Affordable, Food and Drug Administration, Centers for Disease Control, National Institutes of Health, Centers, Medicare, Services, CNBC, CVS, Los Angeles Times, Getty, Health Defense, NBC News, FDA, NPR, Georgetown University, CDC, Vaccines, Children, Kennedy, NIH, University of Southern, Brookings Schaeffer Initiative, Health, pharma, RFK, BMO Capital, Pepsi, Trump, University of Illinois Chicago School of Law Locations: Phoenix , Arizona, U.S, Compton, Huntington Park, Kennedy ., University of Southern California

☆ Federal jobs are known for their stability. Now they could be in jeopardy as Musk pushes for deep spending cuts.
▼ + stars: | 2024-11-19 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

Tech: We're in the middle of a white-collar recession, and tech workers are shouldering much of it . We're in the middle of a white-collar recession, and tech workers . AdvertisementElon Musk's government efficiency commission has been tasked with cutting government spending, raising questions about the future of millions of jobs. Tech jobs are mired in a recession. White collar hiring is in a huge slump, and tech workers are some of the hardest hit .

Persons: Trump hasn't, Tesla, Chelsea Jia Feng, Madison Hoff, Vivek Ramaswamy, Musk, Alice Tecotzky, John L, Dorman, Allison Robbert, Scott Bessent, Cantor Fitzgerald, Howard Lutnick, Marc Rowan, Kevin Warsh, Trump, Goldman Sachs, Morgan Stanley, Natalie Ammari, Uber, Verily, —, Rebecca Zisser, Elon Musk, Bluesky —, Jake Paul's, Netflix's Jake Paul, Mike Tyson, wasn't, Donald Trump's, Satya Nadella, Dan DeFrancesco, Grace Lett, Ella Hopkins, Hallam Bullock, Amanda Yen, Milan Sehmbi Organizations: Business, Google, Trump, Tech, Getty, Elon, Department of Education, Veterans Affairs, Department of Government, Social Security, Medicare, Twitter, Getty Government, Allison, Treasury, BCA Research, Goldman, BI, LinkedIn, Microsoft, China Economic, Security, Walmart Locations: Washington , DC, China, Brazilian, New York, Chicago, London

☆ I'm a general manager at Microsoft and a mom of 3. I used to hide my parenting responsibilities at work until I made one bold move.
▼ + stars: | 2024-11-19 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +6 min

AdvertisementKatharine Kennedy, a global GM at Microsoft, took her baby with her to a work conference in May. In 2017, I got a global client director job at Microsoft, a company I'd always wanted to work for. In 2020, I left Microsoft to work at Salesforce, where I had my second child. AdvertisementWhen an important work conference came up shortly after I had my third child, I decided to take him with me to the event. AdvertisementBut when I brought my baby to the conference, I demonstrated how to harmonize personal and professional responsibilities.

Persons: Katharine Kennedy, Kennedy, I've, I'd, I'm Organizations: Microsoft, Big Tech, Business Locations: Florida, Salesforce, Las Vegas, ServiceNow, Vegas

☆ A New Way to Leave Twitter for Bluesky Without Losing Your Tweets
▼ + stars: | 2024-11-19 | by ( Adam Rogers | ) www.businessinsider.com time to read: +7 min

"We know lots of people are importing their old posts, and we're excited about that," Liu says. To be honest, I've found it a bit weird to see my old tweets in my new home. To fix that — and to minimize the potential for tampering with old tweets — Bluesky is planning to label posts that are moved over from other platforms. "We're about to ship an update to show old posts that are imported with an archival tag," Liu says. Once I've got all my old tweets unpacked on Bluesky, I'm going to head back over to X and torch my entire archive.

Persons: Elon Musk, Trump, We've, Emily Liu, Nicolas Castellani, Amos da Silva Bezerra, They've, X, Bezerra, Musk, Mastodon, Bluesky, it's, Castellani, Donald Trump, David Shiffman, Liu, backdating, I've, Joe Bak, Coleman, Adam Rogers Organizations: Elon, Bluesky, Twitter, Business Locations: decamp, Canada, Europe, Brazil, Bluesky

☆ Super Micro shares soar 30% after company names new auditor to help keep Nasdaq listing
▼ + stars: | 2024-11-19 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

Charles Liang, chief executive officer of Super Micro Computer Inc., during the Computex conference in Taipei, Taiwan, on Wednesday, June 5, 2024. Shares of Super Micro soared more than twentyfold over a two year period from early 2022 until their peak in March of this year. Super Micro has been one of the primary beneficiaries of the artificial intelligence boom, due to its relationship with Nvidia . On Monday, Super Micro announced that it was selling products featuring Nvidia's next-generation AI chip called Blackwell. Less than two weeks after the index changes were announced, Super Micro reached its closing high of $118.81.

Persons: Charles Liang, Ernst & Young, Nvidia's Organizations: Super, Computer Inc, Micro Computer, BDO, Nasdaq, SEC, Ernst, Deloitte, Touche, Micro, Mizuho, Nvidia, Super Micro, Dell, Hewlett Packard Enterprise, Hindenburg Research, Street, Department of Justice Locations: Taipei, Taiwan

☆ Coca-Cola causes controversy with AI-made ad
▼ + stars: | 2024-11-18 | by ( Bruna Horvath | Bruna Horvath Is An Intern On Nbc News' Tech Team. | ) www.nbcnews.com time to read: +4 min

Forbes reported that the video was created by three AI studios — Secret Level, Silverside AI and Wild Card — using four different generative AI models. In a statement, a Coca-Cola spokesperson said, "The Coca-Cola Company has celebrated a long history of capturing the magic of the holidays in content, film, events and retail activations for decades around the globe. Coca-Cola will always remain dedicated to creating the highest level of work at the intersection of human creativity and technology." This isn’t the first time that Coca-Cola has used AI technology in its marketing strategies and programs. Tim DeStefano, a research professor at Georgetown University McDonough School of Business, told NBC News that using AI technology means a significant drop in the price of creating commercials.

Persons: Chris Barber, Alex Hirsch, ”, it’s, OpenAI, Neeraj Arora, ” Arora, Coke, Tim DeStefano, ” DeStefano Organizations: Forbes, Disney, Cola Company, University of Wisconsin, Georgetown University McDonough School of Business, NBC News Locations: Madison

Labor leaders say Democrats need to rethink their approach to working-class voters. Former Fox News host Pete Hegseth’s attorney confirmed he paid a woman after she accused him of sexual assault. He also denied that the encounter between Hegseth and an unnamed woman, which she alleges happened in 2017, was sexual assault. 🏈 The Kansas City Chiefs’ undefeated season is no more as the Buffalo Bills beat their AFC rivals 30-21 at home. Bills quarterback Josh Allen threw for 262 yards with one touchdown and one interception as Buffalo improved to 9-2.

Persons: Pete Hegseth’s, Democratic Party ’ Donald Trump, Chip Somodevilla, Kamala Harris ’, ”, Brent Booker, ” Booker, Mike Johnson, Trump, Brendan Carr, Roy Rochlin, Donald Trump, “, Parlatore, Dick Schoof, Nora Achahbar, NFL Gregory Bull, Greg Rosenstein, hird, 🐆 Organizations: Labor, Former Fox News, Union, Democratic Party, ’ International Union of, ”, Trump, Federal Communications Commission, Justice Department, FBI, Trump Pentagon, Fox News, NBC News, Washington Post, Authorities, Hegseth, Getty Images, Dutch, NFL, Los Angeles Chargers, Cincinnati Bengals, Sunday, NBC Locations: Amsterdam, Netherlands, West Palm Beach, Fla, Biden’s, ’ International Union of North America, Afghanistan, Hegseth’s, Monterey , California, Anadolu, Getty Images Amsterdam, Moroccan

☆ Apple is revisiting a scrapped idea from its Steve Jobs era
▼ + stars: | 2024-11-18 | by ( Jordan Hart | ) www.businessinsider.com time to read: +2 min

Steve Jobs had apparently had mixed feelings about Apple entering the TV market before his death. Apple cofounder Steve Jobs reportedly made it clear before he died that Apple wouldn't pursue its own television set, but the company may now be revisiting the idea over a decade later. Jobs reportedly told biographer Walter Isaacson that he'd "finally cracked" how to make TVs simpler to use. In 2014, writer and former Apple beat reporter Yukari Iwatani Kane wrote in her book, "Haunted Empire: Apple After Steve Jobs," that Jobs told top Apple employees in 2010 that the company wouldn't be making a TV set. Apple's services business, which includes Apple TV+ subscriptions, has boomed in recent quarters.

Persons: Steve Jobs, Apple hasn't, Jobs, Walter Isaacson, he'd, Isaacson, Apple, it's, Yukari Iwatani Kane, Ted Lasso Organizations: Apple, Bloomberg, Apple Intelligence

☆ Microsoft Copilot's underperformance is the latest red flag for investments in AI
▼ + stars: | 2024-11-18 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

The big storyA Copilot conundrumMicrosoft; Chelsea Jia Feng/BIMicrosoft's challenges with its flagship AI product could be another red flag for an industry with high hopes for the tech. Earlier this year, analysts at Barclays highlighted an under-the-radar risk to AI bets: the depreciation costs related to AI chips . A potential Trump trade plan beneficiary: US semiconductor jobs. If Trump's proposed trade plan is enacted, the American semiconductor industry could see hiring growth. Walmart might be just fine under Trump's proposed trade plan.

Persons: Copilot, Chelsea Jia Feng, Insider's Ashley Stewart, Satya Nadella didn't, doesn't, Ashley, It's, Sam Altman, Alistair Barr, Alyssa Powell, Jared Spataro, OpenAI, Biden, Carlyle, Will Matt Gaetz, Will Trump, Rob Arnott, Arnott, ANGELA WEISS, Trump's, Ilya Sutskever, Mira Murati, Rebecca Zisser, homebuyers, Trump, Bob Iger, Dan DeFrancesco, Grace Lett, Ella Hopkins, Hallam Bullock, Amanda Yen, New York.Milan Sehmbi Organizations: Business, Microsoft, Chelsea, Getty, Lumen Technologies, Barclays, Trump, Treasury, UFC, Republican, Getty Images, Elon, Spirit Airlines, JetBlue, Walmart, Walmart US, Shoppers, The Locations: Ukraine, Russia, Rio de Janeiro, New York, Chicago, London, New York.Milan

☆ Former Google X employees come out of stealth with TwinMind, an AI app that hears and remembers everything about you
▼ + stars: | 2024-11-18 | by ( Hugh Langley | ) www.businessinsider.com time to read: +6 min

AdvertisementTwinMind, founded by former Google X employees, builds an AI assistant to better understand you. A startup formed from a handful of former Googlers — specifically Google X, the skunkworks lab that explores sci-fi moonshot ideas — is coming out of stealth. Related storiesWolverine originsAt Google X, George was the first machine learning scientist on Wolverine, a hearing wearable project first reported on by Business Insider in 2021. AdvertisementWhen ChatGPT launched in late 2022, George was working at JPMorgan with TwinMind cofounder and CTO Sunny Tang, a Google X alum. AdvertisementHe said they figured it out and claims the TwinMind app can run for 12 hours in the background non-stop before running out the battery.

Persons: —, Jarvis, Marvel's Tony Stark, it's, Daniel George, Dan Roth, Rocketship, Anand Rajaraman, Michael Liou, galore, George, you've, TwinMind, ChatGPT, Sunny Tang, Siri, they're Organizations: Google, Oracle, Business, JPMorgan, Android Locations: Robinhood

☆ The Apple TV Set is an idea whose time will never come
▼ + stars: | 2024-11-18 | by ( Peter Kafka | ) www.businessinsider.com time to read: +4 min

That's for good reason: An Apple TV set didn't make sense years ago. But in theory, if that goes well, then maybe Apple will be more interested in chasing an Actual TV Set. Apple still sells a dedicated Apple TV box, which you can plug into any TV to transform it into an "Apple TV." AdvertisementYou can debate whether Apple TV+ is actually successful — its movie strategy seems … challenged — but it at least makes sense strategically: Apple TV+ is supposed to generate recurring monthly revenue, and Apple is all about recurring monthly revenue as part of its "services" push. A TV set — even the most awesome TV set — would be a one-and-done proposition for Apple.

Persons: you've, That's, Mark Gurman, Gurman, doesn't, Tim Cook's, Donald Trump, Cook, Trump, Apple, we've, Ben Lovejoy, Steve Jobs, Yukari Iwatani Kane, Walt Mossberg, Jobs, I'm Organizations: Apple, Trump, YouTube, Google

☆ Leaked: Amazon held talks with Instacart, Uber, Ticketmaster, and others for help on its new AI-powered Alexa
▼ + stars: | 2024-11-18 | by ( Eugene Kim | ) www.businessinsider.com time to read: +4 min

The new Alexa aims to be a personalized assistant, handling diverse tasks across different devices. Amazon's AI-powered Alexa upgrade could launch with several major partners handling specific tasks such as ride-hailing, grocery shopping, and restaurant reservations, Business Insider has learned. The partner companies would become the primary option for handling those specific tasks on the upgraded Alexa. Amazon is revamping Alexa with ChatGPT-like AI features, BI first reported in January. Internally codenamed Banyan or Remarkable Alexa, the upgrade has the potential to significantly improve the voice assistant with AI features.

Persons: Uber, Spokespeople, Thumbtack, Andy Jassy, Jassy Organizations: Partners, Ticketmaster, BI, Amazon, Alexa, ChatGPT, Uber

☆ DOJ antitrust officials reportedly pushing for Google to sell off Chrome browser
▼ + stars: | 2024-11-18 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +2 min

AdvertisementA federal judge ruled in August that Google violated antitrust law to keep a monopoly on search. DOJ officials reportedly plan to ask a judge to force Google to sell Chrome. Officials from the DOJ are reportedly planning to ask a judge to force Google to sell its Chrome browser. Business Insider previously reported Google's total search revenue was $279.8 billion in 2022. Representatives for the Department of Justice did not immediately respond to a request for comment from Business Insider.

Persons: Amit Mehta, Lee, Anne Mulholland, Peter Cohan Organizations: Google, Justice, DOJ, Chrome, Bloomberg, Prosecutors, Department of Justice, Business, Google Services, Babson College

☆ Shares of Nvidia and AMD go different ways — here's Jim Cramer's advice on both AI chip stocks
▼ + stars: | 2024-11-18 | by ( Paulina Likos | ) www.cnbc.com time to read: +4 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. When asked for comment on The Information report, an Nvidia spokesperson emailed a statement to the Investing Club: "NVIDIA GB200 systems are the most advanced computers ever created. That doesn't seem like the right reason to race out and buy AMD stock Monday, though. 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 .

Persons: Jim Cramer, Donald Trump's, Jim, White, doesn't, he's, Michael Dell, Blackwell, AMD's, he'd, Stocks, Jim Cramer's Organizations: CNBC, Nasdaq, Club, Nvidia, Blackwell, Dell, Investing, NVIDIA, Devices, AMD, IBM, Microsoft, Meta, CVS Health, Netflix, Warner Bros Discovery

☆ Here are Monday's biggest analyst calls: Nvidia, Netflix, Tesla, Roku, Moderna, CVS, Alphabet, Robinhood & more
▼ + stars: | 2024-11-18 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Monday's biggest calls on Wall Street: Oppenheimer reiterates Netflix as outperform Oppenheimer said the Jake Paul-Mike Tyson fight "demonstrates [the] ability for meaningful" live event viewership for Netflix. Goldman Sachs initiates Ingram Micro as buy Goldman said the IT solutions provider is well positioned. Goldman Sachs initiates Gatx as buy Goldman said it's bullish on the railcar company. Baird upgrades Roku to outperform from neutral Baird said in its upgrade of Roku that it sees an "attractive long-term opportunity." Needham upgrades Robin Hood to buy from hold Needham said the stock is a beneficiary of the Trump election.

Persons: Oppenheimer, Jake Paul, Mike Tyson, it's bullish, Goldman Sachs, Ingram, Goldman, Baird, Morgan Stanley, Raymond James, Wells, Needham, Biogen, it's, Robin Hood, Trump, Donald Trump's, Bernstein, Tesla Organizations: Netflix, Citi, Astera, Ingram, GATX Corporation, RBC, UBS, Franco, Wheaton Precious Metals, WPM, HSBC, Moderna, Air Products, Hewlett Packard Enterprise, Enterprise, Aetna, Bank of America, Nvidia, " Bank of America, DOJ, Google, BMO, SEC, EV Locations: Nevada, Asia

☆ European tech CEOs urge 'Europe-first' mentality to counter U.S. dominance after Trump victory
▼ + stars: | 2024-11-18 | by ( Ryan Browne | ) www.cnbc.com time to read: +7 min

Thomas Plantenga, CEO of used fashion resale app Vinted, on center stage during Web Summit 2024 in Lisbon, Portugal. The Republican politician's victory was a key topic on various prominent tech bosses' lips at the Web Summit conference in Lisbon, Portugal. "It's time for Europe to step up," Yen told CNBC on the sidelines of Web Summit. US Big Tech 'playing extremely unfairly'However, Proton's Yen urged the EU not to water down its push to rein in America's tech giants. 'AI sovereignty' now a key battlegroundAnother theme that attracted much chatter on the ground at Web Summit was the idea of "AI sovereignty."

Persons: Thomas Plantenga, Harry Murphy, Donald Trump's, Andy Yen, Yen, Trump, Proton's Yen, Mitchell Baker, Baker, it's, Plantenga, we'll, OpenAI, Christian Kroll, Shelley McKinley, GitHub, McKinley Organizations: Web, Getty Images, Portugal — Tech, Big, Republican, Proton, CNBC, European Union, Apple, Microsoft, Meta, Markets, US Big Tech, Mozilla Foundation, Google, Trump Locations: Lisbon, Portugal, Getty Images LISBON, Europe, America, EU, Lithuania

☆ Blackwell is key to Nvidia's next growth phase. The new AI chip has reportedly hit an overheating snag.
▼ + stars: | 2024-11-18 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Blackwell chips are key for AI development, promising improved speed over Nvidia predecessors. The chips are also considered a key growth driver for Nvidia, with one analyst previously likening Blackwell to an iPhone moment. Last month, Nvidia CEO Jensen Huang told CNBC that "demand for Blackwell is insane" and separately said that Blackwell is sold out for the next 12 months. AdvertisementNvidia has already delayed shipment of the next-generation AI chips by a quarter after The Information reported in August that it had design flaws. SoftBank is the first customer to use Nvidia's Blackwell chips, the companies said at Nvidia's AI summit in Japan last week.

Persons: Blackwell, Hopper, Jensen Huang, Beth Kindig, Huang, Nvidia's Blackwell Organizations: Nvidia, Companies, CNBC, Amazon Web, Meta, Microsoft, Reuters, Business Locations: TSMC, Japan

☆ AWS hires former SAP and Microsoft executive as new marketing chief
▼ + stars: | 2024-11-18 | by ( Eugene Kim | ) www.businessinsider.com time to read: +3 min

AdvertisementAWS hired Julia White as its new chief marketing officer, replacing Raejeanne Skillern. Amazon Web Services has a new marketing chief. On Monday, AWS's CEO, Matt Garman, told employees that the company had hired Julia White, a former SAP and Microsoft executive, as its new chief marketing officer. Before that, she spent almost 20 years at Microsoft in various roles, including corporate vice president for the Azure cloud computing unit. The company recently added Colleen Aubrey, a former Amazon advertising executive, as a senior vice president of AWS Solutions, and Baskar Sridharan, an ex-Google Cloud vice president, as a vice president of AI/ML services.

Persons: Julia White, Raejeanne Skillern, White, Matt Garman, Einat Weiss White, Raejeanne, Skillern, Colleen Aubrey, Baskar, Adam Selipsky, Matt Wood, Garman, Julia, she's, Matt Organizations: SAP, Microsoft, AWS, Amazon, AWS Solutions, Google Cloud, Corporate

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