Category: News
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Silicon Valley billionaire warns ‘absolutely there’s a bubble’ in AI valuations: ‘Nobody would be surprised’ if OpenAI ‘disappeared next Monday’
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Everywhere Tom Siebel, CEO of C3.ai, goes, he asks the same question about the future of artificial intelligence. “Everyone asks me: ‘Is there a bubble here?’ There is definitely a bubble. “It’s huge,” he says. luck In an exclusive interview at C3.ai’s New York offices at Midtown WeWork. Over the…
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Silicon Valley billionaire warns ‘absolutely there’s a bubble’ in AI valuations: ‘Nobody would be surprised’ if OpenAI ‘disappeared next Monday’
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Everywhere Tom Siebel, CEO of C3.ai, goes, he asks the same question about the future of artificial intelligence. “Everyone asks me: ‘Is there a bubble here?’ There is definitely a bubble. “It’s huge,” he says. luck In an exclusive interview at C3.ai’s New York offices at Midtown WeWork. Over the…
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El Al’s profit climbs to new heights
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Israeli airline El Al (TSE: ELAL) once again broke its records, posting a third-quarter net profit of $187 million, 3.6 times the profit of $52 million in the corresponding quarter of 2023. The result is very impressive, considering Until profits in the first two quarters of the year were also…
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3 Things Investors Need to Know
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Despite the fact that it is still ranked number one in its field, engineering a rebound may take time. In its latest quarterly report, management did not provide any guidance. For that, we will have to wait for the new CEO to strategize the company’s way forward. Some of the…
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Singer Kate Bush’s Former Berkshire Home Lists for £11.5 Million
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Breadcrumb links BMN Business The 23-acre property generates its own electricity, so there will be no high heating bill. Article writer: Bloomberg News Sarah Rapaport Posted on November 21, 2024 • 5 minute read You can save this article by registering for free here. Or log in if you have…
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SaverOne loses over 99% of flotation value
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Petah Tikva-based technology company SaverOne (TASE: SVRE, Nasdaq: SVRE) was considered promising when it floated on the Tel Aviv Stock Exchange in the summer of 2020, at a pre-cash valuation of NIS 87 million. The company, founded in 2014 and headed by Uri Gilboa, is developing technology designed to prevent…
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Bitcoin Climbs Closer to $100,000 on Trump’s Support for Crypto
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(Bloomberg) — Bitcoin is approaching the historic $100,000 level, driven by optimism that President-elect Donald Trump’s support for cryptocurrencies heralds a boom as the United States focuses on friendly regulation rather than a crackdown. Most read from Bloomberg The largest digital assets rose as much as 3.6% to a record…
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French AI startup backed by Arnault plans to raise more funds
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H, a French AI startup founded by experts at Google’s DeepMind AI lab and backed by billionaires including LVMH CEO Bernard Arnault, is gearing up for another funding round after announcing its first product. The Paris-based AI company is operating on less money than its competitors and will need to…
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Sierra Leone loves rice and wants to free itself from imports. But how to do it?
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Breadcrumb links PMN BMN Business Article writer: Associated Press Jack Thompson Posted on November 21, 2024 • 5 minute read You can save this article by registering for free here. Or log in if you have an account. Article content FREETOWN, Sierra Leone (AP) — The rice border lies on…
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Office space in Rishons Eleph project rezoned for housing
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The National Subcommittee for Office Rezoning into Housing has halved the space allocated for offices in the southeastern section of the Elif complex in Rishon Lezion, allocating it instead to the construction of 113 small apartments. This is the Subcommittee’s first resolution since its establishment in November 2021. The Subcommittee…
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Nvidia’s AI chip demand still booming but slowing sales growth worries investors
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Written by Max A. Cherny, Arshia Bajwa, and Stephen Nellis SAN FRANCISCO (Reuters) – Nvidia on Wednesday forecast its slowest revenue growth in seven quarters, with the artificial intelligence chip maker failing to meet the high expectations of some investors who made it the world’s most valuable company. Shares of…
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Inside the plans for Elon Musk’s new private pre-school in Texas, which just got a permit to open
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Elon Musk’s pre-K Montessori school in Texas can now open its doors. The school, which has been in the works since last year, received its initial permit from the Texas Child Care Regulatory Commission on Thursday, according to the agency, paving the way for Elon Musk to begin building ambitious…
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Rats learn to drive miniature cars and show enjoyment, study finds
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Researchers at the University of Richmond in Virginia have discovered that rats can be trained to drive miniature cars and they seem to enjoy the experience. The study, led by Professor Kelly Lambert, found that mice can not only learn to operate small vehicles, but also show signs of excitement…
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Israeli data security co Cyera raises $300m at $3b valuation
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Israeli cybersecurity company white The company announced the completion of a $300 million Series D financing round at a company valuation of $3 billion. The round was led by Accel and Sapphire Ventures, with additional participation from Sequoia, Redpoint, Coatue, and Georgian. Cyera has more than doubled its valuation since…
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Nvidia earnings, forecasts top expectations as ‘age of AI is in full steam’
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Nvidia (NVDA) reported third-quarter earnings after the bell on Wednesday that beat expectations on the strength of sales of its high-powered AI chips that are powering what CEO Jensen Huang called the “AI era.” Nvidia, the world’s largest publicly traded company by market capitalization, reported earnings per share (EPS) of…
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The umbrella tree is a whole new take on Christmas trees
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Christmas, in many families, is a holiday of tradition. Dinners and breakfasts are the same every year. The same songs and movies are enjoyed. And the tree is always generally the same. However, UK retailer Argos is offering an alternative for people who want to enjoy the holidays – and…