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☆ Indian economy regains its swagger as China stumbles
▼ + stars: | 2023-11-03 | by ( Diksha Madhok | ) edition.cnn.com time to read: +9 min

New Delhi CNN —India’s economy is like an elephant. India’s economy is currently worth nearly $3.5 trillion, making it the world’s fifth largest. “India’s economy is comfortably placed to grow at an annual rate of at least 6% in the coming few years,” Barclays said. But even as India’s heft is increasing, it is far from recreating the economic miracle China unleashed decades ago. It will, no doubt — though it won’t be enough to shield the world economy should China’s economy stumble badly,” they added.

Persons: Narendra Modi, ”, Eswar Prasad, Modi, Prasad, Ludovic Marin, Mukesh Ambani’s, Gautam Adani’s, Willy Shih, Frederic Neumann, Justin Feng Organizations: New, New Delhi CNN, Economic, Cornell University, International Monetary Fund, China, Barclays, IMF, ” Barclays, Hindustan Times, Modi, bonanza, Unified, Bharat, Getty, Bank, Mukesh Ambani’s Reliance Industries, Apple, Harvard Business School, HSBC Locations: New Delhi, India, Switzerland, Davos, ”, ’, China, ” New Delhi, Sewri, Mumbai Bhushan, AFP, Beijing, Washington

[1/3] The Chinese flag at a gate to the Zhongnanhai leadership compound flies at half-mast in memory of late former Chinese premier Li Keqiang, in Beijing, China November 2, 2023. REUTERS/Mark Chisholm Acquire Licensing RightsBEIJING, Nov 2 (Reuters) - China lowered the national flag at Tiananmen Square in Beijing on Thursday amid an outpouring of grief online as the country cremated former premier Li Keqiang, known as "the people's premier" for his down-to-earth, hands-on leadership. "In memory of comrade Li Keqiang, flags were flown at half-mast at Tiananmen Square in the capital," state media said. "Personally, I still feel a bit unreal (about his death) because I feel like he's a good premier and suddenly he's gone. Some businesses such as international coffee chain Starbucks (SBUX.O) turned their app interface black and white in mourning for Li.

Persons: Li Keqiang, Mark Chisholm, Li, Xi Jinping, Han Zheng, Hu Jintao, Gao, Xi, he's, Wan, Zhang Shijun, Liz Lee, Xiaoyu Yin, Ryan Woo, Christian Schmollinger Organizations: REUTERS, Rights, Communist Party's, Xinhua, Weibo, China's, Communist Party, Thomson Locations: Beijing, China, Rights BEIJING, Shanghai, Weibo

☆ Roku stock soars on third-quarter revenue beat, solid outlook
▼ + stars: | 2023-11-01 | by ( Drew Richardson | ) www.cnbc.com time to read: +3 min

A video sign displays the logo for Roku, a video streaming firm, in Times Square after the company's initial public offering at the Nasdaq Market in New York on Sept. 28, 2017. Shares of Roku soared in after-hours trading Wednesday after the company reported better-than-expected revenue for the third quarter. Roku-branded smart TV's come pre-installed with the Roku interface users would experience on an external plug-in Roku Streaming Player. "We had a solid rebound in video ads in the third quarter," Roku Media President Charlie Collier said during the earnings call. For the fourth quarter, Roku expects revenue of roughly $955 million, topping the $952 million expected by Wall Street, according to LSEG.

Persons: Roku, Mustafa Ozgen, Charlie Collier Organizations: Nasdaq, Wall, CNBC, CNBC PRO Locations: New York, LSEG

The Thomson Reuters logo is pictured on a building in the Manhattan borough of New York City, New York, U.S. November 16, 2021. REUTERS/Carlo Allegri/File Photo Acquire Licensing RightsNEW YORK, Nov 1 (Reuters) - Thomson Reuters Corp (TRI.TO) on Wednesday reported higher-than-expected third-quarter profit as its biggest divisions serving legal, tax and accounting professionals performed well amid economic uncertainty. Organic revenues in the Legal Professionals segment increased 6%, while total revenue fell 2%, reflecting sales of some divisions. Thomson Reuters has earmarked $10 billion for acquisitions and about $100 million per year in investments in AI capabilities. In August, the company closed its $650 million cash acquisition of Casetext, a California-based AI company that helps legal professionals conduct research, analysis and prepare documents using generative AI.

Persons: Carlo Allegri, Thomson, Steve Hasker, ” Hasker, Hasker, Helen Coster, Nick Zieminski Organizations: Thomson Reuters, REUTERS, Thomson Reuters Corp, ”, Microsoft, Elite, TPG, Reuters, Thomson Locations: Manhattan, New York City , New York, U.S, California

☆ Larry Fink’s next M&A may go in surprise direction
▼ + stars: | 2023-11-01 | by ( Lauren Silva Laughlin | ) www.reuters.com time to read: +8 min

Reuters GraphicsTIPPING THE SCALESThe shift to low-fee products helped BlackRock’s assets under management swell to more than $9 trillion at the end of September. BlackRock’s history with Blackstone means a reunion with Stephen Schwarzman’s $110 billion firm is a persistent Wall Street rumor. BlackRock’s funds operate under a single name, so uniting with Carlyle (CG.O) or Apollo Global Management (APO.N) would pose a branding challenge. Fink might covet MSCI (MSCI.N), the $38 billion firm which aggregates many of the benchmarks tracked by BlackRock’s ETFs. Given Fink’s long record of pulling off opportunistic and transformational deals, it would be foolish to bet against him springing one last surprise.

Persons: Larry Fink, Fink, Merrill, Rowe Price, Janus Henderson, Blackstone, Stephen Schwarzman’s, Carlyle, covet, MSCI, Michael Bloomberg, doesn’t, LSEG –, Peter Thal Larsen, Thomas Shum, Streisand Neto Organizations: CNBC, New York Stock Exchange, Reuters, BlackRock, Blackstone, Barclays Global Investors, Credit Suisse, UBS, nab, Graphics, Apollo Global Management, London Stock Exchange, Thomson Reuters, New, Bloomberg, Wall Street, New York Times, LSEG – Bloomberg, Thomson Locations: New York City, U.S, BlackRock, Boston, Swiss, New York, United States

☆ Doctors have a new way to scrub personal information from internet after spike in harassment
▼ + stars: | 2023-11-01 | by ( Ashley Capoot | ) www.cnbc.com time to read: +5 min

The 13-year-old company has introduced a free service called DocDefender that can scrub a physician's personal contact information from the internet. The technology scans dozens of the most common websites where a doctor's information might reside and automatically initiates the removal process. Two months after the workshopping event, Doximity conducted a survey of more than 2,000 doctors and found that 85% of them worry about whether patients will access their personal information online. The service will be available to all doctors on Doximity starting Wednesday, and will expand to nurse practitioners and others over time. 'Opportunity to think very long term' In addition to reaching more than 80% of U.S. doctors, Doximity says it's also used by 50% of nurse practitioners and physician assistants.

Persons: that's, Doximity, Amit Phull, We've, Phull, Jeff Tangney, he's, I've, it's, Azlan Tariq Organizations: New York Stock Exchange, NYSE, CNBC Locations: San Francisco, Doximity, Chicago

☆ Lumen Technologies tops third-quarter revenue estimates on strong demand
▼ + stars: | 2023-10-31 | by ( ) www.reuters.com time to read: +1 min

Oct 31 (Reuters) - Telecommunications services firm Lumen Technologies (LUMN.N) beat Wall Street estimates for third-quarter revenue on Tuesday, helped by strong demand for its services as businesses digitize their operations. The Monroe, Louisiana-based company posted revenue of $3.64 billion for the quarter ended Sept. 30, beating analysts' average estimate of $3.61 billion, according to LSEG data, but fell 17% from a year earlier. The proposed sale of Lumen's EMEA business is expected to close on Wednesday, subject to meeting customary closing conditions, the company said. The company said its long-term debt at the end of the third-quarter was $19.74 billion. Lumen posted a net loss of $78 million for the quarter compared with a reported net income of $578 million a year earlier.

Persons: Lumen, Kate Johnson, Johnson, Jaspreet Singh, Krishna Chandra Organizations: Telecommunications, Lumen Technologies, EMEA, California's Department of Technology, Thomson Locations: Monroe , Louisiana, Bengaluru

The project to revamp the LME's electronic system was due to go live in June this year. Sources said the front-end trading platform developed by U.S.-based Trading Technologies does not work for the complicated structure of contracts on the LME. In response to a request for comment, Trading Technologies said: "We would defer to the LME on this." The problem comes from the LME's unique date structure which allows trading for any day between the cash contract and the benchmark three-month forward. One important aspect, the LME said, is aligning its platform with other exchanges.

Persons: Peter Nicholls, Pratima Desai, David Evans Organizations: London Metal Exchange, City of, REUTERS, Companies Hong Kong Exchanges, Trust, Hong Kong Exchanges, HK, U.S, Technologies, Trading Technologies, Thomson Locations: City, City of London, Britain

☆ 3 cybersecurity threats to consider when building a private 5G network
▼ + stars: | 2023-10-26 | by ( Chris Stokel-Walker | ) www.businessinsider.com time to read: +5 min

Businesses may elect to build their own private 5G networks. Experts recommend building and securing a 5G network the same way you would a cloud network. Here are three threats to consider when building your own private 5G network. It's therefore important to constantly monitor how your private 5G network evolves over time — and watch for incursions from unrecognized sources in and out of the network. "Traffic entering and leaving all entry points into the 5G network should be monitored and inspected for threats," said Sandhu.

Persons: —, William Webb, Webb, Parm Sandhu, Sandhu, Aarthi Krishna Organizations: Service, IEEE, Access Partnership, NTT Ltd, 5G, IT

☆ Looking to invest long-term in Nvidia? Here's how to play the stock according to one growth investor
▼ + stars: | 2023-10-26 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +4 min

U.S. chipmaker Nvidia has been getting a lot of love from market watchers this year – and growth investor Nick Griffin is no exception. NVDA YTD mountain Year-to-date share price of Nvidia Griffin does not expect this phenomenon to have a significant impact on the company in the long-term. So, short-term, I understand the negativity – but long-term, it's not going to change the fact that people want to buy their chips," Griffin said. Going forward he foresees an increase in the demand for GPUs - which would possibly chip away Nvidia's market share to around 60%. While this may mean a loss of market share to its fellow chipmakers, the growth investor believes that Nvidia is in "a very unique position."

Persons: Nick Griffin, Munro, Griffin, Nvidia Griffin, it's, Griffin –, Cuda, – Organizations: Nvidia, Munro Partners, CNBC's, U.S, U.S ., Munro Growth Locations: Australia, China

☆ Google considers subscription business models for its new AI offerings
▼ + stars: | 2023-10-25 | by ( Alistair Barr | ) www.businessinsider.com time to read: +3 min

The CEO said subscription business models are "a possible path" for Google's AI products. AdvertisementAdvertisementGoogle CEO Sundar Pichai suggested the company could embrace subscription business models for some of its new AI products. With AI, the CEO said there's an opportunity to evolve Search and the Google Assistant service over the next decade. Wall Street is nervous about any big changes to Google Search because Search ads are so lucrative. Google's "other" revenue rose 21% year-on-year in the third quarter, led by strong growth in YouTube subscription revenue.

Persons: Pichai, Bard, —, Sundar Pichai, Morgan Stanley, Brian Nowak, Nowak, Google Bard, there's, they're Organizations: Service, Google, YouTube, NFL, NFL Sunday

☆ People are grieving the 'death' of their AI companions after a chatbot app abruptly shut down
▼ + stars: | 2023-10-20 | by ( Rob Price | ) www.businessinsider.com time to read: +11 min

A 32-year-old food industry worker in eastern Texas who asked to be identified by her Reddit username, Hilary Coyote, first heard about AI chatbot companions in June. She turned to Reddit's community of Soulmate users for support, and was encouraged to go back to the app and Allur. (EvolveAI and SimplyAI's now-shuttered Soulmate app has no relation to "Soulmate AI: Your AI Companion," another app that appears in smartphone app stores and was developed by Turing App Lab.) Even if Ahoy Labs closed down, Faraday users' chatbots would not be affected. Read more: App, Lover, Muse: Inside a 47-year-old Minnesota man's three-year relationship with an AI chatbot.

Persons: Mike Hepp, Sam, Mike, wile, peppering, he'd, Soulmate, Replika, There's, Hilary Coyote, Allur, Hilary, she'd, Chris, chatbots, —, Julia, Soulmate's userbase, Jorge Ilas, SimplyAI's, She'd, Faraday, Hilary somberly, Sam —, Kindroid Organizations: YouTube, SimplyAI, Turing, Stanford Locations: Michigan, Soulmate, Replika, Florida, Chai, Texas, Bavaria, Germany, Reddit, Los Angeles, Minnesota

☆ Slack is the latest company to cut back on Elon Musk's X
▼ + stars: | 2023-10-20 | by ( Kylie Kirschner | ) www.businessinsider.com time to read: +2 min

Slack retired its @SlackStatus account on X, implying customers weren't using it much anymore. The X account, which has more than 30,000 followers, used to share updates about Slack system issues. Though Slack still has an account on X, @SlackHQ, with more than 458,000 followers, the @SlackStatus account with more than 30,000 followers has been retired. The status account used to share updates regarding problems and outages with the Slack platform. The company said it will answer incident-related questions from its main account on X moving forward.

Persons: Slack, —, Elon Musk's, Kevin Albers, Balenciaga, Elon Musk Organizations: Companies, Air France, Service, Elon, Twitter, KLM, Air Locations: Air France

☆ CFPB pushing to give consumers more control over their financial data
▼ + stars: | 2023-10-19 | by ( Chelsey Cox | ) www.cnbc.com time to read: +3 min

The Personal Financial Data Rights rule would ensure consumers' legal right to their checking and prepaid account, credit card and digital wallet history and require fee-free data sharing among financial institutions, according to a release. It also includes restrictions on the monetization of sensitive consumer data by banks and tech companies and permits customers to revoke access to their data. "When it comes to our financial lives, a handful of very large banks and financial firms control much of the market," CFPB Director Rohit Chopra told reporters Thursday. If adopted, the rule would reactivate a statute of the 2010 Dodd-Frank Act tasking the CFPB with ensuring fair competition for consumer financial products. Biden "encouraged the CFPB to consider issuing rules to make it easier for consumers to take their financial data to a new financial services provider," Brainard told reporters Thursday.

Persons: Rohit Chopra, Dodd, Biden, Chopra, Lael Brainard, Joe Biden's, Brainard Organizations: Financial, WASHINGTON, Consumer Financial, Frank, National Economic Council, CNBC Locations: U.S

Learn moreSamsung's new S90C 4K OLED TV sits a step below the company's latest flagship model, and is designed to take on other value-forward OLEDs like LG's C3. Samsung S90C 65-inch 4K OLED TV The S90C is the successor to our favorite TV of 2022, the Samsung S95B. As for other home theater features, you'll get just about everything you'll need, with the exception of Dolby Vision. Ryan Waniata/InsiderDefinitely, Samsung's S90C is one of the best OLED TVs we've seen. And if you're still looking for more TV recommendations, check out our guides to the best 4K TV and best 65-inch TV.

Persons: you've, Ryan Waniata, brawn, priciest, it's, You'll, It's, Bixby, we've, we'd, you'll, OLED there's Organizations: Samsung, LG, Sony, Samsung's, Gaming, Nvidia, Dolby Vision, Vision, Dolby, Netflix, Disney, HDMI, Smart

☆ Walmart-owned India's PhonePe revenue soars 77% in FY23
▼ + stars: | 2023-10-18 | by ( ) www.reuters.com time to read: +1 min

BENGALURU, Oct 18 (Reuters) - Walmart-owned (WMT.N) PhonePe said on Wednesday its consolidated revenue for financial year 2023 surged 77%, as more customers used its platform to send and receive money in India's booming digital payments market. The company's loss before interest, taxes, depreciation and amortisation on a standalone basis widened to 17.55 billion rupees ($210.8 million) from 16.12 billion rupees a year ago, PhonePe said in a statement. Consolidated revenue grew to 29.14 billion rupees from 16.46 billion rupees a year ago. PhonePe, which has more than 490 million registered users, had a near 51% share of the value of transactions on India's instant money transfer system, Unified Payments Interface (UPI), as of March end. ($1 = 83.2420 Indian rupees)Reporting by Rama Venkat in Bengaluru; Editing by Dhanya Ann ThoppilOur Standards: The Thomson Reuters Trust Principles.

Persons: PhonePe, Rama Venkat, Dhanya Ann Thoppil Organizations: Walmart, Atlantic, Tiger Global, Thomson Locations: BENGALURU, India, Singapore, Bengaluru

☆ The US Army needs to 'unman unmanned' units by building a drone force that fewer soldiers can more easily fly from more places, general says
▼ + stars: | 2023-10-18 | by ( Chris Panella | ) www.businessinsider.com time to read: +6 min

The US Army is rethinking its approach to drones and looking to "unman unmanned" aircraft. The aim is for drones to be able to fly more easily from anywhere with fewer people involved. AdvertisementAdvertisementThe US Army is aiming to "unman unmanned" aircraft operations, as one of its top generals likes to say, and that process involves developing the ability to fly drones easily from more places with fewer people in the mix. That could include employing AI to help troops fly UAVs and make decisions in real time, too. But even with the move toward this future for Army drones, there's potentially still opportunities for older models to serve a purpose.

Persons: —, Michael McCurry, McCurry, McCurry's, Gray, that's, Christine Wormuth, Rodney Davis Organizations: US Army, Service, Army, US Army Aviation Center of Excellence, Defense, Association of, Gray Eagles, US, Aviation Locations: China, US, Iraq, Afghanistan, Poland

☆ AI startup caused a 'battle of the billionaires' on 'Shark Tank'—and got a $300,000 offer from Mark Cuban and Michael Rubin
▼ + stars: | 2023-10-16 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

Billionaires Mark Cuban and Michael Rubin are up for the challenge. "This is a real issue," said Rubin, the CEO of sports retailer Fanatics and a guest judge on the episode. "We want to help change the perception of bots amongst consumers," Griffith said. Arming consumers with bots could help give regular people a fighting chance to buy items at fair prices, he surmised. Bachelor and Griffith, caught between their options, implored Cuban and Rubin to make a joint deal.

Persons: Maurice Bachelor, Mark Cuban, Michael Rubin, Joel Griffith, Rubin, Kevin O'Leary, Griffith, O'Leary Organizations: Cuban, Sharks, CNBC Locations: Angeles

☆ Exclusive: Drone startup Aerodome flies out of stealth with $6.5 million seed round led by Andreessen Horowitz
▼ + stars: | 2023-10-13 | by ( Ben Bergman | ) www.businessinsider.com time to read: +3 min

After seven months in stealth, Aerodome recently closed a $6.5 million seed round led by Andreessen Horowitz and 2048 VC. Sidhu is currently a reserve officer for the Redondo Beach Police Department and was a full-time officer for two years. Competitors to Aerodome include Motorola, Dronesense, and Skydio, but those companies are more focused on software than the all-in-one package Aerodome is offering. Aside from responding to crime, Sidhu also says Aerodome will also eventually be able to detect wildfires and alert authorities moments after smoke appears. Aerodome has a contract to roll out a trial with Redondo Beach Police Department next month and Albuquerque Police Department in December.

Persons: Rahul Sidhu, Andreessen Horowitz, Jake Paul's, Jamie Siminoff, Nikita Bier, Bier, Sidhu, Kenaniah Cerny, COVID, Aerodome Organizations: Aerodome's, SPIDR Tech, Versaterm, Redondo Beach Police Department, Motorola, Albuquerque Police Department Locations: York

☆ Parthenon sculptures were once elegantly painted with ‘Egyptian blue’
▼ + stars: | 2023-10-12 | by ( Taylor Nicioli | ) edition.cnn.com time to read: +6 min

But they weren’t always that way, according to a new study, which found the famous 2,500-year-old Parthenon sculptures were colorful, painted with floral patterns and other elaborate designs. Researchers found microscopic traces of paint by using infrared light that is absorbed by the blue paint and appears on camera as a glowing white (right). By illuminating the sculptures with the red light, a pigment known as “Egyptian blue” absorbs the light and appears on camera as a glowing white. “Egyptian blue” was a popular pigment of its time that was made using calcium, copper and silicon, according to the Royal Society of Chemistry. Verri said he hopes that further imaging will soon be developed to find other colors present on the sculptures.

Persons: Giovanni Verri, ” Verri, “ It’s, Lord Elgin, Verri, Dione, Aphrodite, Kekrops, Demeter, Persephone, Dione ,, ”, Michael Cosmopoulos, Louis, William Wootton, conservators Organizations: CNN, British, —, King’s College London, Art Institute of Chicago, British Museum, Royal Society of Chemistry, University of Missouri, Acropolis Museum Locations: Greece, Athens, Ottoman Empire, Verri

The updates include the addition of memory storage to its developer tools for using AI models. The new features are expected to be rolled out at OpenAI’s first-ever developer conference in San Francisco on November 6, sources said. Keeping developers happy has been a major focus for OpenAI, these sources told Reuters. Earlier this year, the company rushed to release ChatGPT plugins, add-on tools that allow developers to create applications within ChatGPT. Earlier this year, Altman admitted to a group of developers in London that plugins have not gained market traction.

Persons: Sam Altman, Elon Musk, Altman, Musk doesn't, OpenAI, Jasper, ChatGPT, Lakshya Bakshi, Krystal Hu, Anna Tong, Kenneth Li, Nick Zieminski Organizations: Reuters, Elon, Google, Thomson Locations: OpenAI’s, San Francisco, London

Learn moreSamsung's Galaxy Watch line of wearables has long been Android's answer to the Apple Watch, offering as close to a comparable experience as there is. With the recent release of the Samsung Galaxy Watch 6 and Watch 6 Classic, that distinction is true for yet another year. It does have the largest screen of any Galaxy Watch, measuring 3mm larger than the Watch 5 Pro. If it's accurate activity tracking you're after in a Galaxy Watch, the Watch 5 Pro is a far better option with more reliable GPS. AdvertisementAdvertisementThe best experience requires the use of a Samsung phoneCompatibility has long been a weakness of the Samsung Galaxy Watch, and the Watch 6 Classic is no different.

Persons: Rick Stella, It's, durably Organizations: Galaxy, Apple Watch, Samsung Galaxy Watch, Galaxy Watch, Samsung, Navigation, Samsung Galaxy, Samsung Health Monitor

☆ Assistants at companies like Netflix and Disney are 'waiting for the light at the end of the tunnel' as their careers stall and they can't get promoted: 'I don't see a way up'
▼ + stars: | 2023-10-06 | by ( Reed Alexander | ) www.businessinsider.com time to read: +12 min

Trying to maintain a career in Hollywood was "not something that was feasible for me to continue," this person told Insider. Insider spoke with eight current and former assistants at Hollywood companies, plus a former creative executive at a midsize film studio. Many hopefuls can't find jobs in an industry that's been wracked with head count reductions and budget cuts. Netflix's website lists just one open assistant job — a role in a non-creative vertical. At Paramount, which cut 25% of staff from its US cable networks earlier this year, there appear to be no open executive assistant jobs in entertainment capacities .

Persons: —, strivers, that's, David Heger, Edward Jones, Heger, Bob Iger —, there's, WBD, they've, they'd, I'm, Reed Alexander Organizations: Hollywood, Netflix, Paramount Global, Disney, Warner Bros . Discovery, Paramount, Media, Writers Guild of America, Challenger, Warner Bros, Discovery, Entertainment Locations: Hollywood, Los Angeles and New York

☆ Neuralink competitor Precision Neuroscience buys factory to build its brain implants
▼ + stars: | 2023-10-05 | by ( Ashley Capoot | ) www.cnbc.com time to read: +3 min

In this article BLK Follow your favorite stocks CREATE FREE ACCOUNTEmployees working in Precision's manufacturing facility Courtesy: Precision NeuroscienceNeurotech startup Precision Neuroscience announced Thursday it has acquired a factory in Dallas, where it will build the key component of its brain implant, the Layer 7 Cortical Interface. Precision said the manufacturing plant is the only facility capable of producing its "sophisticated" electrode array. Stephanie Rider of Precision Neuroscience inspects the company's microelectrode array Source: Precision NeuroscienceAs a member of the fast-growing brain-computer interface (BCI) industry, Precision is developing its technology alongside other companies like Synchron, Paradromics, Blackrock Neurotech and Elon Musk's Neuralink. At the request of the seller, a Japanese multinational corporation, Precision declined to share how much the manufacturing facility cost. Employees working in Precision's manufacturing facility Courtesy: Precision Neuroscience

Persons: we've, Michael Mager, Stephanie Rider, Elon Musk's, Precision's, Benjamin Rapoport, Neuralink, Musk, Mager Organizations: Neuroscience, CNBC, Blackrock Neurotech, Elon Musk's Neuralink, SpaceX, Neuralink, Employees Locations: Dallas, Paradromics

☆ This AI company wants to help you control your dreams
▼ + stars: | 2023-10-04 | by ( Hayden Field | ) www.cnbc.com time to read: +2 min

It's a tech startup building what the company calls the "world's first wearable device for stabilizing lucid dreams." Lucid dreams occur when a person sleeping becomes aware they're dreaming and may be able to control parts of the dream. Humane AI, a company founded in 2017 by former Apple employees, debuted its wearable — the AI Pin — on the runway last week at Paris Fashion Week. And famed iPhone designer Jony Ive and OpenAI's Sam Altman are also reportedly discussing an AI hardware project. The co-founders have the type of lofty dreams typical of a modern-era tech startup, with Wollberg comparing the company to OpenAI.

Persons: Eric Wollberg, Wesley Berry, Wollberg, Berry, Grimes, BoxGroup, Card79, Jony, Sam Altman, Prometheus Organizations: a16z's Scout Fund, Plaid, Elon, Apple, Paris Fashion, Donders Institute for Brain, Radboud University Locations: Netherlands

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