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Miami-based data operations startup Matia has secured $10.5 million in seed funding. BI got an exclusive look at the 11-slide pitch deck Matia used to secure the fresh funding. AdvertisementMiami-based data management startup Matia has just come out of stealth with $10.5 million in seed funding. The startup's pitch deck, shared exclusively with BI, states that it has four early customers and 10 companies who are showing "strong interest." Check out the 11-slide pitch deck used to secure the fresh funding.
Persons: , Benjamin Segal, Segal, Matia, Benjamin, Geva Organizations: BI, Service, Leaders Fund, Cerca Partners, Caffeinated Locations: Miami
For nine years, the CFO role at Google and parent company Alphabet was held by Ruth Porat, who took a giant pay package in 2015 to leave Wall Street for Silicon Valley. "But I think any organization can always push a little further and I'll be looking at additional opportunities." During the Q&A portion of the call, Evercore ISI's Mark Mahaney asked, "As you're coming in looking at this fresh, is it clear to you there are a lot of newfound cost efficiencies or ongoing cost efficiencies?" The new CFO said one way Google can find additional efficiencies is by using AI "within our own processes and how we get work done." WATCH: Google search benefiting from generative AI
Persons: Ruth Porat, Porat's, Anat Ashkenazi, Sundar Pichai, Ruth, Sundar, Ashkenazi, Eli Lilly, Porat, There's, Pichai, Askenazi, Evercore, Mark Mahaney Organizations: Google, Tuesday Locations: Silicon Valley
When asked whether it's been worth the cost ( $30 monthly per user in the case of Copilot), tech leaders say they aren't sure. According to recent Deloitte research, two-thirds of organizations are increasing gen AI investments based on "strong early value to date." There are multiple reasons why companies will still be short on confidence when it comes to enterprise AI adoption, according to Deloitte. The Azure cloud offering from its biggest AI partner and AI investment, OpenAI, is in use at nearly two-thirds of companies. Forty-six percent of CNBC survey respondents said that within their organizations at least half of employees are now using AI.
Persons: it's, Jim Rowan, Anthropic, Mistral, Eric Schmidt —, Morgan Stanley, Copilot, Rowan Organizations: CNBC, Microsoft, CNBC Technology, Council, Deloitte, Microsoft Microsoft, Fortune, Capital Group, Disney, Dow, Kyndryl, Novartis, Deloitte Consulting, Meta, Silicon, OpenAI, AIs Locations: Europe
AdvertisementBehind the booming appetite for new smells is Gen Z. AdvertisementIf there's one thing Gen Z loves, it's a name for something. Under the handle @juliaperfumery, she shares perfume reviews for her primarily Gen Z audience against the backdrop of her New York City apartment's perfume closet. "If there's one thing Gen Z loves, it's a name for something," O'Toole says. There are back-to-school scents, scents to win your ex back, scents to smell like Vanessa Paradis in Paris in the '90s — the list goes on.
Persons: Julia Dovgal, douse, mother's Chanel, Dior, Jo Malone's, Wood, Dovgal, She's, Circana, Gen Zers, Gen Xers, It's, Piper Sandler, Valentino, Jean Paul Gaultier, Maison Francis Kurkdjian's, TikTok, Phlur, , it's, Juliette, Emelia O'Toole, There's, O'Toole, We've, Vanessa Paradis, Piper, Cathrine Jansson, Boyd, " Jansson, Gen Z, Chanel, Marilyn Monroe, Catherine Deneuve, Nicole Kidman, isn't, Gris Charnel, Jansson, Bella, Susan Wai Hnin, Zers Organizations: Saks, Perfume, Anglia Ruskin University, Urban Outfitters, rockstar Locations: Salt, Bath, New York City, TikTok, New York, Paris, London
Futures tied to the broad market index added nearly 0.2%, while Nasdaq 100 futures inched up by 0.1%. Alphabet kicked off a major week for megacap tech earnings. The Google parent exceeded analysts' expectations as the company saw strong quarterly revenue growth from its cloud business, leading shares up 5% after market close. In anticipation of the Big Tech earnings releases, investors drove the Nasdaq Composite to a fresh record during Tuesday's trading session. "We are closely monitoring tech earnings releases to ensure businesses investment in artificial intelligence and other productivity enhancing tools remains robust to support strong future earnings growth."
Persons: Dow, It's, Rob Haworth, Haworth Organizations: New York Stock Exchange, Nasdaq, Dow, Google, AMD, Tech, Meta, Microsoft, Apple, Big Tech, NASDAQ, U.S, Bank Asset Management
Stanley Black & Decker reported mixed quarterly results before Tuesday's opening bell, and the stock got whacked. SWK YTD mountain Stanley Black & Decker YTD Shares of Stanley Black & Decker consolidated around an 8% decline after the release. We upgraded Stanley Black & Decker on Tuesday morning back to our buy-equivalent 1 rating on the belief the stock reaction to the print was overdone. Stanley Black & Decker Why we own it: Stanley Black & Decker is in the later innings of a multi-year restructuring plan. To honor the occasion, Donald Allan, Jr., President & CEO of Stanley Black & Decker, joined by Chris Taylor, NYSE Global Head of Advisory, rings the Opening Bell®.
Persons: Stanley Black, Decker, Stanley, Donald Allan, we're, Allan, , Jim Cramer's, Jim Cramer, Jim, Donald Allan , Jr, Chris Taylor Organizations: Revenue, Stanley Black, Treasury, Federal, Bosch, Techtronic Industries, Management, CNBC, The New York Stock Exchange, NYSE Global Locations: Dewalt, Europe
Google's new CFO, Anat Ashkenazi, signaled the company can do more to save money and move faster. She said leaders had done good work cutting costs, and they could "push a little further." Google is ramping up its spending on AI, and Wall Street analysts want more details. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Ashkenazi name-checked Google CEO Sundar Pichai and former CFO Ruth Porat for doing "really good work" in starting to rework Google's cost base.
Persons: Anat Ashkenazi, , Sundar Pichai, Ruth Porat, Ashkenazi, Mark Mahaney, Pichai, Sundar Organizations: Google, Wall Street, Service, BNP
Gun violence in Philadelphia has become a national news story, but 22-year-old resident Isaiah Stanton knows about the gun crisis there firsthand. Gun violence remains the leading cause of death for kids and teens in the U.S.Karise and Jerel Crew. But he is also hesitant to declare that gun violence will or can end overnight. Kyle Mazza / Anadolu via Getty Images file“I lost my nephew to gun violence, two years ago now,” he said. The relationship between gun violence and the Black community is troubled, with disproportionate numbers of police shootings and community shootings leaving lasting consequences around the country.
Persons: Isaiah Stanton, Ronald Wimberley, Wimberely, Naomi, ” Stanton, , ” Ronald Wimberly's, Kimberly Jones, Ronald, Stanton, , ” Isaiah Stanton, Jerel, Karise Crew, we’re, ” Karise, Crews, Jeffery Young Jr, Young, Kyle Mazza, ” Young, Ronald ., Kimberly Jones Stanton, he’s Organizations: Citizen, NBC, Karise, Department of Justice, Johns Hopkins Center for Gun, Solutions, Philadelphia, Philadelphia City Council, Trump, Getty, City Council Locations: Philadelphia, U.S, , Pennsylvania, Philly, Anadolu
A post on Oct. 9 falsely claimed the U.S. federal government was denying disaster relief funds to Americans. Influencers linked to China have also seized on divisive material about Hurricanes Helene and Milton, claiming without evidence on social media that “U.S. spending on foreign conflicts had undermined support for disaster victims,” the U.S. official said. The revelations from the U.S. official follow recently released research from the London-based Institute for Strategic Dialogue, which tracks disinformation and online extremism. Local, state and federal officials have struggled to counter a wave of disinformation about the hurricanes and their aftermath, including baseless conspiracy theories about weather modification and false claims about disaster relief efforts.
Persons: , Milton, Kamala Harris, Hurricane Milton, Eva Marie Uzcategui Organizations: Cuban, U.S, Disney, Hurricanes, The Washington, Getty, U.S ., Strategic, Ukraine, Local Locations: United States, Florida, China, Ukraine, Israel, Taiwan, Sarasota , Fla, Cuba, Moscow, Beijing, London, Russian
We've put together everything you need to know about where to watch Love Island Australia, including free streaming options. Arriving on the heels of this summer's new seasons of Love Island USA and Love Island UK, Love Island Australia returns for what the show is billing as the spiciest season ever. Where to watch Love Island Australia in AustraliaLove Island Australia streams on 9Now in Australia. Where to watch Love Island Australia in New ZealandLove Island Australia is available through TVNZ in New Zealand. Where to watch Love Island Australia in the USLove Island Australia streams on Hulu in the US.
Persons: We've, Sophie Monk, ExpressVPN Organizations: Business, Love, Australia, New Zealand Love, TVNZ, Hulu, Love Island Locations: Australia, Australia Love, 9Now, New Zealand, New Zealanders, Love Island Australia
Reflexivity is a startup cofounded by two former hedge fund traders. AdvertisementA startup looking to transform how investors and traders use data just received funding from some of the biggest names in the hedge fund world. Reflexivity, formerly known as Toggle AI, just raised its $30 million Series B, the startup announced Monday. Interactive Brokers and Greycroft led the round, which included participation from billionaire investor Stanley Druckenmiller and Greg Coffey, the Australian founder of hedge fund Kirkoswald. AdvertisementIt has a valuation between $115 million and $150 million, Szilagyi said.
Persons: , Greycroft, Stanley Druckenmiller, Greg Coffey, Izzy Englander, Reflexivity, Jan Szilagyi, Szilagyi, George Soros, Giuseppe Sette, Howard, Wells, Szilyagyi, that's Organizations: Service, Interactive, Millennium, Catalyst, P, Business, Druckenmiller's Duquesne Capital Management, Fortress Investment Group, Millennium Management, Soros Fund, London Stock Exchange Group, Federal Reserve Locations: Australian, MUFG, Fargo, Wells Fargo
[alt heds: OpenAI has hired its first chief economist – 3 things to know about him3 things you may not know about OpenAI's new chief economist]While no one knows exactly how artificial intelligence will reshape society, OpenAI plans to analyze the technology's potential economic impact. On Oct. 22, OpenAI named Dr. Aaron "Ronnie" Chatterji as its first chief economist. In this role, he will oversee research on a range of AI-related topics, including how AI innovations may impact the global economy and how the workforce can utilize AI tools both now and in the future, according to OpenAI's press release. While this move marks a first for OpenAI, it won't be Chatterji's first high-profile role. Here are three things you may not know about OpenAI's new chief economist.
Persons: OpenAI, , Aaron, Ronnie, Chatterji, Larry Summers Organizations: U.S . Treasury
Instead of going with 529 plans, we went with UTMA custodial accounts instead; here's why. Here's why we decided UTMA accounts were best for our family situation. UTMA accounts are flexibleWhile 529 plans must be used for education-related expenses, the options for UTMAs are much broader. Like 529 plans, UTMA account contributions are post-tax, meaning that income taxes have already been paid on the money being deposited. AdvertisementWe realize 529 plans would give us more direct control over our children's spending, but sooner or later, they're going to have to grow up.
Persons: , Andy Esser, Edward Jones, Esser, that's, haven't, We're Organizations: Service, Business
Bryn Lennon - Formula 1 | Formula 1 | Getty ImagesDoing this with a digital twin allows teams to develop strategies for different circuits. With 24 races on the schedule and only a handful of days in between, forecasting track performance is critical to ensuring engineers are ready to make any necessary changes. While teams are allowed up to 60 operational staff at the track on race days, each is communicating with analysts back at headquarters. "Everyone there will be looking at their computer and providing feedback to the racetrack engineers with recommendations that can be actioned onto the race car." With the cost-cap limiting budgets to $135 million per year, automating repetitive tasks is crucial to ensuring teams are using their resources efficiently.
Persons: Williams, James Vowles, CNBC's, Dan Keyworth, Red Bull, Max Verstappen, Lewis Hamilton of, Bryn Lennon, Britain's, Ben Waterhouse, Red, there's, Alessio Morgese Organizations: McLaren, CNBC, Mercedes, Oracle Red Bull Racing, of Great Britain, Silverstone Circuit, Engineers, Miami, Getty, Nurphoto Locations: Lewis Hamilton of Great Britain, Netherlands, parc ferme, Northampton, England, Monaco, Miami, USA
He moved to Lisbon in 2023 and started a new company focused on building community. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementThis as-told-to essay is based on a transcribed conversation with Charlie Baron, 30-year-old founder in Lisbon, Portugal, about moving from London. When I moved to Lisbon, I was burned out and lonely from working from home for a tech startup I'd co-founded. Getting investment and finding tech talent in London might have been easier, and it would have been faster to set up a business in London.
Persons: Charlie Baron, , I'd, Tesla, ChargedUp, paddleboarding, He'd, We'd, would've, didn't Organizations: Baron, Service, Loughborough University, Social Locations: London, Lisbon, Portugal, VCs, California, Spain, France, Europe, Rent
If you want to earn six figures while working from home, consider a career in social media marketing. Job boards FlexJobs and Freelancer.com are seeing a boom in the number of remote, hybrid and freelance social media marketing roles. An in-demand job that doesn't require a degreeWhile some marketing jobs prefer candidates to have a bachelor's degree, it's not a prerequisite for a successful career in social media marketing. Some of the most in-demand roles in this field include influencer marketing managers, social media marketing specialists and content strategists, per FlexJobs and LinkedIn. Turning a social media marketing side hustle into a six-figure career
Persons: it's, Toni Frana, FlexJobs, Sebastián Siseles, Frana Organizations: Social, LinkedIn, Labor Statistics, Freelancer.com, Google Locations: U.S
Apple rolled out new Apple Intelligence features with iOS 18.1 on Monday. If you don't have a brand-new Apple device, you might still be able to take advantage of Apple Intelligence. You can also access Apple Intelligence features on the iPhone 15 Pro and iPhone 15 Pro Max. Users with an iPhone 15 Plus, iPhone 15, or any earlier version cannot access Apple Intelligence features. Those are the iPad Pro, iPad Air, and the iPad Mini.
Persons: , Siri, Max Organizations: Apple, Apple Intelligence, Service, Sequoia, iPad, MacBook, Mac
Chinese tech company Baidu garnered interest among investors following a 28% year-to-date drop in its share price — but one market watcher is unimpressed. For comparison, the Nasdaq Composite is up around 25.4% year-to-date, while the benchmark S & P 500 index is around 22.5% higher. According to FactSet data, of the 46 analysts covering the stock, 35 give it a "buy" or "overweight" rating, at an average price target is $125.41. BIDU YTD mountain Year-to-date shares in Baidu Among the reasons for Hsu's skepticism, is that Baidu as an internet search engine "is a one trick pony." "Baidu was riding high for a short while but ... the AI story may have sunset on Baidu and it will go back to being a one trick pony."
Persons: that's, Jason Hsu, CNBC's, Ernie Bot, Hong, Hsu —, , Hsu, Baidu Organizations: Baidu, Rayliant Global Advisors, Nasdaq, China Equity ETF Locations: China
Manuel Orbegozo | ReutersApple on Monday released iOS 18.1, an update that includes the company's artificial intelligence, called Apple Intelligence, for the iPhone 16 and iPhone 15 Pro. "Given the staggered launch of Apple Intelligence, we expect iPhone demand to pick up post initial release of Apple Intelligence in late Oct," Bank of America Securities analyst Wamsi Mohan wrote in an Oct. 25 note. Opt inYou need an iPhone 15 Pro, iPhone 15 Pro Max or any iPhone 16 model to install and use Apple Intelligence. You also need to turn it on by asking for access to Apple Intelligence in the Settings app. Zoom In Icon Arrows pointing outwards Apple Intelligence can summarize important emails inside the Mail app.
Persons: Tim Cook, Steve Jobs, Manuel Orbegozo, Siri, Wamsi Mohan Organizations: Apple, Steve, Reuters Apple, Apple Intelligence, Nvidia, Apple Inc, iOS, " Bank of America Securities Locations: Cupertino , California
Apple announces new iMac with M4 chip, starts at $1,299
  + stars: | 2024-10-28 | by ( Kif Leswing | ) www.cnbc.com   time to read: +1 min
Apple on Monday announced an updated iMac with the company's latest M4 chip. Unlike on the iPhone, where only phones released in the past two years will support Apple Intelligence, all of Apple's computers with the M1 chip and newer since 2020 can run the company's artificial intelligence. For example, you might highlight the text of an email and use Apple Intelligence to make it sound more professional or more concise. Apple plans to release another version of Apple Intelligence in December that adds OpenAI's ChatGPT support into writing tools and Siri. It comes with an updated Magic Mouse and Magic Keyboard with USB-C charging, too, replacing the older Lightning port.
Persons: Apple's, Siri, It's Organizations: Apple, Apple Intelligence
Apple’s AI features for iPhones will be available for free to users with any iPhone 16, iPhone 15 Pro and Pro Max, who update to iOS 18.1. Apple Intelligence is also available for iPad and Mac models that support iPadOS 18.1 and macOS Sequoia 15. The AI features rolling out with iOS 18.1The Apple Intelligence features rolling out Monday include improvements to writing and editing, Siri and the Photo app. “Some market participants are optimistic that Apple Intelligence could dramatically boost iPhone shipments soon,” Kuo said in the blog post. Following Apple's new product announcements, customers can pick up the new iPhone 16, 16 Plus, 16 Pro and 16 Pro Max, Apple Watch Series 10, AirPods 4, AirPods Pro 2 and AirPods Max from UK Apple Stores today.
Persons: Pro Max, Siri, Angelo Zino, Dan Ives, ” Ives, didn’t, Chi Kuo, Kuo, ” Kuo, Max, Peter Nicholls, , Wedbush’s Ives, CFRA Research’s Zino, ” Zino, Apple’s Organizations: CNN — Apple Intelligence, Apple Intelligence, Pro, Microsoft, Google, Apple, Developers Conference, Big Tech, Apple Apple, CFRA Research, CNN, Wedbush Securities, TF International Securities, Regent, AirPods, Apple Stores Locations: London, England
“We’ve got to take a look at what I was left when I became president.” Biden rises to the challenge. Former President Donald Trump, left, and President Joe Biden take part in the CNN presidential debate on June 27. “I would say that there was a time period in which it felt like Donald Trump couldn’t lose,” she says. “Donald Trump knows how to turn every moment into victimhood,” pollster Frank Luntz notes on CNN. A crowd waits in the sun for Donald Trump to speak at an event in Butler, Pennsylvania, on July 13.
Persons: Joe Biden, Donald Trump, , Biden, Trump, Jake Tapper, Dana Bash, “ We’ve, ” Biden, Will Lanzoni, CNN’s Kristen Holmes, , He’s, Hunter, They’ve, ” Trump, smirking, Austin Steele, ” Holmes, ” CNN’s John King, Phil Mattingly, Michigan’s Gretchen Whitmer, J.B, Pritzker, Kentucky’s Andy Beshear –, ” Mattingly, gleeful, Ronald Reagan’s, David Chalian, Grover Cleveland, Republican hagiographers, Holmes, Donald Trump couldn’t, slanders, anyone’s, shrugged, “ He’s, nodded, didn’t, pollsters, Team Trump, “ Donald Trump, ” pollster Frank Luntz, ” Donald Trump, Tom Brenner, “ They’re, They’re, Pollsters, Lounging, Hillary Clinton, ” King, , , Gene J, Let’s, “ I’m, Mike DiFrischia, CNN’s Erin Burnett, “ Joe Biden – You’re, Donna Hutz, Anna Moneymaker, MAGA, Corey Comperatore, Helen, David Dutch, James Copenhaver, Thomas Matthew Crooks, Crooks, John Miller, Franklin Graham, “ Trump, Kimberly Cheatle, Zach Cohen, Evan Vucci, chokeholds Organizations: CNN, , Trump, Biden, Democratic, gleeful Trump, Georgia Tech, GOP, Republican, White House, Republican Party, Capitol, Surveys, Team, New York Times, Team Trump, Pew Research, Electoral College, Republican National Convention, Secret, Marine, Bethel Park Skilled Nursing, Rehabilitation Center, Washington Post, Secret Service Locations: United States, Georgia, Trump, , California, Michigan’s Gretchen Whitmer , Illinois, New York, Chesapeake , Virginia, Ukraine, Gaza, Mexico, Atlanta, Florida, Nevada , Arizona, Georgia , Wisconsin , Michigan, Pennsylvania, Butler , Pennsylvania, Ohio, USA, American, America
Apple has a slate of announcements expected this week on top of earnings. Its long-awaited Apple Intelligence is expected to launch with software updates. Apple marketing head Greg Joswiak told his X followers on Thursday to "Mac" their calendars for a week of announcements from the tech giant. Apple Intelligence was a major talking point during the third-quarter earnings call. "With Apple Intelligence, we're very excited about the level of value we're going to provide to users," Cook said on theAugust callt.
Persons: Greg Joswiak, , ince, ro, Organizations: Apple, Apple Intelligence, Service
Apple rolled out long-awaited AI features to some iPhone and other users with its iOS 18.1 update. The new software is officially available on iOS 18.1, iPadOS 18.1, and macOS Sequoia 15.1, months after the tech giant first announced Apple Intelligence at the Worldwide Developers Conference. These are the Apple Intelligence features out nowApple Intelligence was revealed at Apple WWDC 2024. AdvertisementWith iOS 18.1, Apple said Siri can field typed requests, answer "thousands of questions" about Apple products, and understand context better. AppleTo ensure they get the features, iPhone owners must join a waitlist to request activation of Apple Intelligence.
Persons: Dan Ives, , Siri, Apple, There's, Tim Cook Organizations: Apple, Apple Intelligence, Service, Sequoia, Worldwide, Wedbush Securities Locations: Australia, Canada, New Zealand, South Africa
CNN —Chris Brown’s history of violence is back in the spotlight with a new documentary focusing on years-old accusations against the singer, including his 2009 assault of Rihanna. The report prompted a police investigation that could have threatened Brown’s probation, but no charge was ever filed. In July 2013, Brown’s probation was revoked after he was accused of hit-and-run driving and driving without a license. It is produced with the global domestic violence initiative, No More, and is airing as part of the network’s “No Excuse for Abuse” campaign and commitment to domestic violence survivors. Editor’s Note: If you or someone you know is struggling with intimate partner violence, there are resources available, including the National Domestic Violence Hotline.
Persons: Chris Brown’s, Rihanna, Brown, Sean “ Diddy ” Combs, Chris Brown, Jane Doe, , ” Doe, Doe, Combs, Levi McCathern, McCathern, ” Combs, , he’s, “ Chris Brown, Michael Jackson, Brown’s, , Cheryl Dorsey, Brown “, Mark Geragos, Paul Buck, Karrueche Tran Organizations: CNN, Investigation, Miami Beach Police, Miami Beach, Los, Superior Court of, Los Angeles Police Department, Anaheim, Los Angeles Court, Violence Locations: Angeles County, Anaheim , California, Washington, DC, Malibu , California, Los Angeles
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