From TradeBriefs <[email protected]>
Subject Aug 3, 2024 - Acquiring AI talent wholesale | TechCrunch
Date August 3, 2024 5:12 AM
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-------------------------

The top stories being read around the world right now!

From the Editor's Desk

A Digital Talent Hub Can Make Your Sales Team More Agile

Companies typically rely on a series of unconnected databases to
manage activities such as tracking applicants, onboarding new
employees, and monitoring performance. For sales teams, which
typically experience high turnover, there can be advantages to
connecting these systems into a single digital talent hub. Doing so
can speed the hiring and onboarding cycles, recognize patterns in how
hires with certain backgrounds benefit from certain types of training,
and better utilize artificial intelligence to nudge salespeople toward
specific actions. All of these things can increase salespeople’s
productivity and performance.

Continued here
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Work

Acquiring AI talent wholesale | TechCrunch
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Google Cloud is giving Y Combinator startups access to a dedicated,
subsidized cluster of Nvidia graphics processing units and Google
tensor processing units to build AI models. It’s part of…

Work

Ex-Google engineers who founded Character.AI rejoin company with new
AI partnership
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In March, Microsoft hired Mustafa Suleyman, a co-founder of AI startup
DeepMind that Google acquired in 2014, and much of its staff to lead
AI initiatives. Suleyman became an executive vice president and CEO of
Microsoft AI, reporting to CEO Satya Nadella. Last month, U.K.
regulators opened a merger probe on Microsoft's hiring of the staff.















Work

Nvidia is reportedly in the DOJ antitrust hot seat
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“Nvidia wins on merit, as reflected in our benchmark results and
value to customers,” an Nvidia spokesperson said in a statement
shared with Quartz. “We compete based on decades of investment and
innovation, scrupulously adhering to all laws, making Nvidia openly
available in every cloud and on-prem for every enterprise, and
ensuring that customers can choose whatever solution is best for them.
We’ll continue to support aspiring innovators in every industry and
market and are happy to provide any information regulators need.”

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US probes Nvidia's acquisition of Israeli AI startup
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California Privacy Rights | Do Not Sell My Personal Information The
material on this site may not be reproduced, distributed, transmitted,
cached or otherwise used, except with the prior written permission of
Condé Nast.Ad Choices














Work

Passenger Who Tried to Open Cockpit and Exit Door Gets 19 Months in
Prison
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“The government believes that the defendant’s actions were
reckless because of his use of methamphetamine, rather than an
intentional effort to bring down the aircraft,” the prosecution, led
by Assistant U.S. Attorney Paul S. Becker, argued in a sentencing
memorandum.

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Prisoner Deals Stoke Fears of Perverse 'Incentive' to Grab Americans
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In a joint statement, Speaker Mike Johnson and the Senate minority
leader, Mitch McConnell, called for “serious action to deter further
hostage-taking by Russia, Iran, and other states hostile to the United
States.” The two Republicans offered no specifics about what steps
should be taken, however.














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Harris Has Votes Needed to Be Democrats' Nominee, D.N.C. Says
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Although her place atop the ticket had essentially been a foregone
conclusion once Mr. Biden endorsed her after dropping out last month,
Ms. Harris has brought her party together remarkably quickly, raising
more than $200 million, drawing thousands of people to her rallies and
energizing her party’s base.

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Google has pulled its Olympics-themed AI ad that gave viewers the ick
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The tech giant has partnered with NBCUniversal and the U.S. Olympic
and Paralympic Committee. Google is Team USA’s official search AI
partner, the sports non-profit’s first ever collaboration with a
tech company.














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Harris Won Enough Votes to Be the Democratic Nominee
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Now, with the party uniting behind her, Harris is using the lessons
from her troubled 2020 campaign to reintroduce herself to the American
public as a different type of presidential candidate, my colleague
Astead Herndon wrote. Here’s how she has changed.

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The Justice Department sues TikTok for breaking child privacy laws
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The lawsuit comes at a particularly inconvenient time for TikTok,
which is set to face off with the Justice Department in federal court
next month over a law that aims to force ByteDance to sell the app or
face a ban in the United States.














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Turkey has blocked Instagram amid a dispute over Hamas-related content
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It’s not the first time Turkish authorities have blocked a major
social media service. Twitter was briefly blocked in the country last
year following a devastating earthquake that killed thousands of
people. YouTube and Twitter were also blocked in 2014.

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Report reveals secret US inquiry into alleged 2016 Egyptian $10m gift
to Trump
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An anonymous government source told the Post: “Every American should
be concerned about how this case ended. The justice department is
supposed to follow evidence wherever it leads – it does so all the
time to determine if a crime occurred or not.”














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Kamala Harris 'honored' after earning enough votes to become
Democratic nominee ? as it happened
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Reporter: Vance compared you to a really bad impression of
ObamaShapiro: Barack Obama was probably our most gifted orator of my
time, so that's kind of a weird insult. I'll say this about JD Vance:
it's really hard being honest with the American people when you're not
being⦠pic.twitter.com/0UY8T7KGJw

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Self-driving truck startup Aurora Innovation raises $483M in share
sale ahead of commercial launch | TechCrunch
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Google Cloud is giving Y Combinator startups access to a dedicated,
subsidized cluster of Nvidia graphics processing units and Google
tensor processing units to build AI models. It’s part of…














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Exclusive: Adept Materials' dehumidifying paint was inspired by trees
and semiconductors | TechCrunch
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Google Cloud is giving Y Combinator startups access to a dedicated,
subsidized cluster of Nvidia graphics processing units and Google
tensor processing units to build AI models. It’s part of…

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Watch: Why did Wiz walk away from $23 billion?
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So it sounds like Google being willing to make such a huge offer gave
Wiz’s leadership confidence that if they continued on an independent
path, Wiz might be worth even more than $23 billion one day — maybe
as a public company, or if not, then as an even more expensive
acquisition target.













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AI friends, deepfake foes and which Tiger Global partner is leaving
now
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You also can follow Equity on X and Threads, at @EquityPod. For the
full episode transcript, for those who prefer reading over listening,
check out our full archive of episodes over at Simplecast.

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What's behind the stock market's brutal 2-day crash?
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One factor experts say likely wasn't at play? Steep losses from
mega-cap names, Hatfield added, were likely not a big driver of the
market dip. Intel shares plunged 26% after the company reported a big
earnings miss and announced mass layoffs, while Amazon’s stock fell
9% after a disappointing earnings call. But Apple, America’s largest
company, emerged from Friday’s session slightly up.

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'Reputational car crash': insiders rue BBC's handling of Huw Edwards
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Another news source said: "Surely there comes a point between [being
arrested in] November and [his resigning in April] where they could
have said: 'You've brought the BBC into disrepute already and now
you've been arrested.' There was a way of getting rid of him, and him
not having that pay rise.

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Huw Edwards should return BBC salary paid after arrest, says Lisa
Nandy
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The BBC said: “We fully appreciate the complexities and
confidentiality of [the internal investigation] can be frustrating for
those who have come forward … but we are extremely grateful to
everyone who did so and will always listen with great care to anyone
who wants to raise concerns with us.”

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Appeals Court Further Narrows Voting Rights Act's Scope
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A lawyer for the Black and Latino voters who brought the suit, Mark P.
Gaber of the Washington-based Campaign Legal Center, said the argument
that their voting power had been diluted remained strong.

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Alan Garber Will Stay On as Harvard's President
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Harvard has spent more than a year thoroughly besieged. Last summer,
the Supreme Court struck down the university’s race-conscious
admissions program. In the fall, Harvard's hesitating response to the
Oct. 7 Hamas attack on Israel led to a campus uproar.

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Defense Secretary Revokes Plea Deal for Accused Sept. 11 Plotters
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Ms. Escallier’s approval of the agreement that was reached between
prosecutors and the defendants over two years of negotiations had
appeared to resolve the case, which had been mired in pretrial
hearings since 2012.

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Shapiro's College-Era Criticism of Palestinians Draws Fresh Scrutiny
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“They are too battle-minded to be able to establish a peaceful
homeland of their own,” he wrote in the essay, published in the
Sept. 23, 1993, edition of The Campus Times, the student newspaper.
“They will grow tired of fighting amongst themselves and will turn
outside against Israel.”

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Alongside the Trump-Russia Inquiry, a Lesser-Known Look at Egyptian
Influence
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Mr. Trump’s foreign business ties and efforts by foreign interests
and government to influence him have come under scrutiny again as he
seeks to return to the White House. The little-known investigation
into possible Egyptian influence shows both the intensity of past
efforts to explore the issue and how they have fueled Mr. Trump’s
long-running assertions that he has been subject to a “witch
hunt.”

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Secret Service Chief Admits Lack of Certainty on Sniper Locations at
Trump Rally
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In testimony earlier this week, Mr. Rowe told senators that the local
snipers would have been able to see the gunman, who was on the roof of
the building in front of where they were posted, if they had looked
left out the window.

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The Veepstakes (Pennsylvania's Version)
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So today, amid a whirl of speculation, we’re going to home in on
just one guy — Shapiro — and the biggest, baddest swing state of
them all: Pennsylvania, which has 19 electoral votes. Shapiro, 51,
became a Democratic darling when he won the 2022 governor’s race by
nearly 15 percentage points, and he has since become the state’s
most popular first-term governor since the early 1990s.

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Agency Votes to Replace Official Accused of Rushing Start of Seabed
Mining
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Ms. Carvalho has said she does not support a moratorium on seabed
mining or a formal pause in the start of the effort. But in an
interview, she said that she did not believe industrial-scale mining
could start until environmental regulations are finalized and that it
could take several years to do so.

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Death of Black Man at Milwaukee Hyatt Is Ruled a Homicide
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The Milwaukee Police Department last month referred felony murder
charges to prosecutors against four people but did not name them. The
police said that an underlying charge of battery was also referred
against the four. The referrals essentially amount to a
recommendation.

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Former F.B.I. Agent Sentenced to Life Plus 20 Years for Sexually
Abusing Child
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A few days later, the friend told an adult, who reported the abuse to
school officials, prompting an investigation. Mr. Bauer was arrested
that same day and remained in custody throughout the case, Mr. Bailey
said.

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Haunting Image: First Photo Released of C.I.A. Prisoner at Black Site
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This is the kind of material defense lawyers have long sought to
present to a judge or jury as evidence of outrageous government
conduct, to avert a death penalty or have a war crimes case dismissed.

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Kamala Harris Hires Top Obama Advisers, Building Out Campaign
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Stephanie Cutter, Mr. Obama’s deputy campaign manager in 2012, will
now be a senior adviser for message and strategy. Mitch Stewart, Mr.
Obama’s 2012 battleground states director, will be a senior adviser
for the battleground states this year. Jennifer Palmieri, a former
Obama and Clinton communications director, will be a senior adviser to
Ms. Harris’s husband, Doug Emhoff.

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Not One of Us: Trump Uses Old Tactic to Sow Suspicion About Harris
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Over decades, the tactic of othering has been wielded against
candidates with various backgrounds, characteristics and traits, among
them race, ethnicity, gender, economic class and religion — all in
the service of making them seem alien to voters. And it has often been
effective. In 1928, Republican opponents seized on the fact that Al
Smith, the Democratic candidate for president, was a Roman Catholic,
suggesting that he would therefore be beholden to the Pope.

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JD Vance Pioneered 'New Right' Economics. Trump May Not Embrace It.
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Senior U.S. Diplomat Will Lead Kamala Harris's Running Mate's Team
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“U.S. credibility has never been more important,” Ms. Allen said
in an interview. “The components of public diplomacy — and in
particular, strategic narratives and countering disinformation —
have never been more important.”

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Olympic Champion Simone Biles Posted on Social Media That She Loves
her 'Black Job'
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“While the rest of the country is celebrating the U.S.A. women’s
gymnastics team’s performance at the Olympics, JD Vance is facing
his weakest moment amid a gaffe-filled rollout that has left him as
the most unpopular V.P. pick in decades,” she said.

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Delta gives employees free flights for dealing with the CrowdStrike
outage
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The CrowdStrike outage, which started with a glitchy cybersecurity
software update, affected Delta’s internal computer systems more
seriously than other airlines. It was cancelling hundreds of flights
days after other carriers’ troubles had subsided. Bastian said the
incident had cost Delta $500 million.

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The Dow closes 600 points lower as recession fear resurfaces
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Intel’s stock plummeted over 26% by the end of the day following a
significant earnings miss in the quarter ending in June. The company
also announced it would be laying off more than 15% of its employees.
The company’s cost-reduction plan is part of moving “toward a
sustainable business model” to support its long-term strategy, Intel
said.

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Bug, or bait and switch? Elon Musk's super PAC website isn't working
as advertised
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“I suspect that the PAC’s ability to coordinate its data-driven
canvassing activities with the Trump campaign made it very appealing
for donors,” Brendan Fischer, a deputy executive director at
campaign finance watchdog Documented, told CNBC.

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Wendy's CEO is bullish on breakfast despite earnings miss
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All the breakfast and bundle chatter didn’t keep Wendy’s from
missing Wall Street’s expectations. During the second quarter, the
chain reported revenue of $570 million, about 27 cents a share.
Analysts expected it to report $577 million, or 28 cents a share.

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Intel stock falls 27% after missing revenue expectations
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The company’s shares are down 55.7% so far this year. Meanwhile, the
Dow Jones Industrial Average plunged 945 points, or 2.3%, to 39,430,
during mid-day Friday trading. The Nasdaq also fell 3%, and the S&P
500 was down 2.6%.

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The struggling DNA testing company 23andMe is not going private -- yet
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The committee asked Wojcicki to withdraw her “stated intent to
oppose any alternative transaction.” It said if it did not receive
an improved offer from Wojcicki, the committee would pursue
alternative deals including offers from third parties.

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DraftKings stock tanks after it reveals plan for new surcharge on
winning bets
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However, DraftKings lowered its adjusted earnings guidance for the
full year to between $340 million and $420 million, down from $460
million to $540 million. Robins said the surcharge could provide a
boost to annual adjusted earnings when it launches next year. But
“even if we don’t get any benefit from the fee, we will see still
$900 million to $1 billion in adjusted EBITDA next year,” he said
during a Friday earnings call.

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Google cut its CrowdStrike stake in half -- just before the global IT
outage
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But Google’s luck with CrowdStrike isn’t seeping into all areas of
its existence. Google’s stock price tumbled last week after the
company’s heavy AI-related spending and weaker-than-expected YouTube
sales disappointed investors. Google shares are down nearly 9% since
it reported earnings last week.

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The FTC is coming after high grocery prices
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The agency’s efforts also come as FTC Chair Khan has been at the
center of conversation between Republicans and Democrats. Khan, known
for her tough antitrust stance, has opposed big mergers and launched
investigations into major companies (including Kroger’s $25 billion
bid to buy Albertsons). Although progressives support her, many tech
and Wall Street figures have been pushing for her removal.

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ExxonMobil's earnings reveal record crude production
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“An energy-abundant future, driven by economic growth and rising
levels of prosperity, creates opportunity for ExxonMobil no matter the
speed or direction of the energy transition,” Woods said on the
company’s earnings call.

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Trump Media stock rises on its new 'uncancellable' live TV streaming
platform
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The company’s stock has been branded a meme stock due to its
extremely volatile trading patterns, with investors largely trading on
sentiment rather than actual business performance. Shares of Trump
Media surged more than 50% after an assassination attempt on the
former president at a campaign rally in Pennsylvania last month.

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Tesla lawsuit blames 'defective and inadequate' Autopilot for deadly
crash
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Tesla has also been accused of false advertising by California’s
Department of Motor Vehicles and investigated by the state attorney
general’s office over its marketing practices related to its tech.
The Department of Justice has opened a separate investigation into
Musk and Tesla for their claims about Autopilot. Musk has repeatedly
over-promised and failed to deliver on his claims about Tesla’s
rapid advancement in autonomous driving.

Work

Amazon exec blames Trump and the Olympics for weak sales
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On its cloud computing side, however, Amazon boasted an expected surge
that would put it ahead of its competitors, including Microsoft and
Google. Chief executive Andy Jassy said in a call with analysts
Thursday that AWS has launched more than twice as many machine
learning and generative AI features into general availability than all
the other major cloud providers combined over the past 18 months.

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Government shelves

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