Amazon Injects Another $2.75B Into Startup Founded By Siblings Who Worked At Openai
The startup, Anthropic, has become one of OpenAI’s most formidable competitors. :
Amazon.com Inc. says it’s investing an additional $2.75 billion in Anthropic, completing a deal it made last year to back the artificial intelligence startup and expand a partnership between the companies. The infusion brings Amazon’s total investment in Anthropic, a well-regarded builder of AI tools able to generate text and analysis, to $4 billion, following an earlier investment announced in September.
Billionaire Bill Ackman Has 70% Of His $10B Portfolio In Just 4 Stocks
For individual investors, it can pay to follow what the professionals are doing. Specifically, if you are a buy-and-hold investor you can find ideas from like-minded investing legends. One investor to follow closely is Bill Ackman of Pershing Square Capital Management. The billionaire investor runs a $10 billion portfolio for outside investors, owning positions in just seven stocks that he and the team have held for many years. Ackman's second-largest position is Chipotle Mexican Grill (NYSE: CMG).
Citadel Makes Another Ai Engineering Hire From An Unusual Industry
We've noted in the past that experience in the automotive field can be a valuable segue into an engineering role at a hedge fund, but it might be even better if you've worked on self-driving cars. Citadel only recently hired Daniel Babin who worked on self-driving cars in London, and it's just hired another senior engineer from the industry in New York.Click here to sign up to our technology newsletter Zheng Wang joins the hedge fund from Cruise, where he was a second level senior software engineer.
Data Privacy Startup Skyflow Raises $30M In Funding Led By Khosla Ventures, Et Telecom
Skyflow added that it is powered by a proprietary technology called polymorphic encryption, which protects data without sacrificing its usability for critical business operations such as analytics, marketing and customer support.
Why Did More Than 1,000 People Die In The Us After Police Subdued Them With Force That Isn't Meant To Kill?
Every day, police in the U.S. rely on common use-of-force tactics that, unlike guns, are meant to stop people without killing them. But when misused, these tactics can still end in death -- as happened with George Floyd in 2020. An investigation led by The Associated Press has found that, over a decade, more than 1,000 people died after police subdued them through physical holds, stun guns, body blows and other force not intended to be lethal. Medical officials cited the force in about half the cases. In others, officers didn't follow best safety practices, creating a recipe for death.
Little Planning For Looming Retirement Crisis, Blackrock Chief Warns | Retirement Planning
Larry Fink tells investors pension savings failing to keep pace with life-extending medical breakthroughsThe chief executive of the world's largest asset manager is warning of a future "retirement crisis", as pension savings fail to keep up with life-extending medical breakthroughs.In his annual letter to investors, the BlackRock chief executive, Larry Fink, said that establishing "a secure, well-earned retirement" would be one of the greatest economic challenges to face the US in the mid-21st century. Continue reading...
5 Stocks Yielding 5% To Beat The Looming Retirement Crisis
Although I'm roughly 40 years away from the legal retirement age in my country (it will probably be much higher 40 years from now), it's important to prepare early. While we're all having fun on this platform, it needs to be said that we are dealing with very serious stuff, especially because many people are not prepared for retirement. Last year, Voya Investment Management wrote that close to 40% of surveyed participants were "not at all" or "not well" prepared for retirement. Only 16% were "very prepared."
The 'bizarrely' Overvalued Stock Market Is Poised For A Big Correction And The Smart Money Is Moving Into Cash, Chief Strategist Says
Indicators are pointing to a major correction coming for stocks, market strategist Paul Dietrich says. The stock market looks "bizarrely" overvalued and indicators are pointing to a big correction on the way, according to Paul Dietrich, chief investment strategist of B. Riley Wealth. Speaking to Yahoo Finance, Dietrich pointed to a handful of indicators in the market, which are all flashing a collective warning sign for stocks. Red flags are arising in the price-to-earnings ratio of the S&P 500, and multiples mirror levels seen prior to the dot-com bubble crash.
Why Did More Than 1,000 People Die After Police Subdued Them With Force That Isn't Meant To Kill?
Carl Grant, a Vietnam veteran with dementia, wandered out of a hospital room to charge a cellphone he imagined he had. When he wouldn't sit still, the police officer escorting Grant body-slammed him, ricocheting the patient's head off the floor. Taylor Ware, a former Marine and aspiring college student, walked the grassy grounds of an interstate rest stop trying to shake the voices in his head. After Ware ran from an officer, he was attacked by a police dog, jolted by a stun gun, pinned on the ground and injected with a sedative.
Dhf: Remains A Fair Choice In The High-yield Space | Seeking Alpha
BNY Mellon High Yield Strategies Fund (NYSE:DHF) is a diversified, high-yield-focused closed-end fund. In our prior coverage, we compared the fund to the Credit Suisse High Yield Bond Fund (DHY), given its many similarities. We noted that DHF looked like the better value and had stronger distribution coverage--enough coverage that a raise seemed warranted. Well, that's exactly what happened: they increased their distribution since that update. The fund remains at a rather attractive discount and now sports a higher payout for its investors. Even more importantly, the new payout is still being covered based on their latest earnings.
Thames Water At Risk Of Being Nationalised As PS500M Lifeline Withheld - Latest Updates
Thames Water took a further step towards nationalisation after shareholders said they would not provide it with a PS500m lifeline. ]]>