Hindenburg Research, an activist short-selling firm, published reports on Super Micro and iLearningEngines, two companies it views as benefiting unduly from the AI boom. The reports led to a sharp fall in their share prices. The firm is known for its market-making takedowns of top companies such as Block and Adani Group. Nvidia, a GPU manufacturer, announced better-than-expected earnings results, but its stock price still fell.
AISuperMicro | Rating: 42 | 2024-09-04 10:37:54 AM |
UpTogether, a nonprofit led by the author, has been investing in people for two decades, distributing over $210 million to more than 200,000 households since 2020. The organization manages guaranteed income initiatives across the country. A study by OpenResearch found that participants in the guaranteed income program worked slightly fewer hours, spent more time on leisure, and earned less money, but the author argues that the conclusions drawn from the findings are rooted in stereotypes about people experiencing poverty.
NonprofitUpTogether | Rating: 40 | 2024-09-04 10:37:54 AM |
Indosat Ooredoo Hutchison, Indonesia's second-largest telecoms company, is developing a large language model called Sahabat-AI in collaboration with Tech Mahindra. The company plans to launch the model in the fourth quarter of the year, after initially announcing a July launch date. Sahabat-AI is being built to empower Indonesia and serve as a model for Southeast Asia's largest economy.
AIIndosat | Rating: 58 | 2024-09-04 04:37:58 AM |
Mountain Dew, a PepsiCo holding, is offering to reimburse up to $10,000 in moving expenses for five people who relocate to the Mountain Time Zone, which includes Colorado, Arizona, and Montana. The reward also includes a free one-year supply of Mountain Dew and an outdoor gear welcome package. The initiative aims to encourage people to adopt the Mountain Time mindset and appreciate the great outdoors.
MarketingPepsiCo | Rating: 40 | 2024-09-04 03:37:45 AM |
The US Justice Department sent subpoenas to Nvidia Corp. and other companies as part of its investigation into the chipmaker's potential antitrust violations. The investigation is focused on Nvidia's dominance in the AI processor market and concerns that it is making it harder for buyers to switch to other suppliers. The subpoenas are a step closer to the government launching a formal complaint.
AINVIDIA | Rating: 62 | 2024-09-03 10:37:40 PM |
Rizz AI, a pick-up-line generator, has been downloaded 3.5 million times globally as of June. The tool offers Tinder bios, dating-app photo help, and catchy responses to simple back-and-forths. It can also provide dirty pick-up lines, with suggestions like 'Are you a keyboard? Because you're just my type.'
AIRizz | Rating: 46 | 2024-09-03 07:37:42 PM |
Canva, a popular design platform, has increased prices for its Teams subscription, with some users seeing a 300% price jump. The new price for the Teams plan in the US will be $500 per year, with a discounted first year of $300. The price hike is the first since the Teams plan's 2020 launch.
BusinessCanva | Duplicated with: 1 | Rating: 51 | 2024-09-03 07:37:41 PM |
California legislation, SB 1047, aims to require explicit approval to use a performer's likeness, even after they're dead, to prevent AI-manipulated work. Tom Hanks warned fans about faked endorsements using his name and voice, created without his consent and through AI. The bill has drawn criticism from OpenAI, and California lawmakers have sent other AI-oriented bills to Governor Gavin Newsom's desk, including a proposal to curb deepfakes.
AICalifornia | Rating: 60 | 2024-09-03 07:37:41 PM |
A recent survey by Northwestern Mutual found that only one-fifth of baby boomers expect to leave an inheritance, which may disappoint millennial and Gen Z heirs who are counting on it to achieve financial security and retire comfortably. The survey, which polled over 4,500 adults, revealed that most baby boomers hold onto their real estate, with over half of America's wealth belonging to this age group. As a result, many Gen Zers and millennials are likely to be disappointed when they don't receive the inheritance they expect.
FinanceNone | Rating: 46 | 2024-09-03 06:37:47 PM |
Honeywell CEO Vimal Kapur discussed the company's AI strategy, which he described as a three-prong approach. He met with the author in London to discuss the company's approach to AI. Honeywell CIO Sheila Jordan previously discussed the company's use of generative AI in a Fortune newsletter.
AIHoneywell | Rating: 62 | 2024-09-03 06:37:47 PM |